The type of vehicle you are buying coverage for is one of the primary factors when consumers are trying to find the most economical insurance with multiple speeding tickets. Vehicles with high performance engines, a lack of advanced safety features, or a high likelihood of having liability claims will cost substantially more to insure than more economical and safe models. The list below outlines auto insurance premiums for the more afforable automobiles to insure in Colorado.
|Make and Model||Estimated Cost for Full Coverage|
|Honda Accord EX 4-Dr Sedan||$1,238|
|Ford Escape XLS 4WD||$1,243|
|Jeep Wrangler Sport 4WD 2-Dr||$1,278|
|Honda CR-V EX-L 2WD||$1,354|
|Ford F-150 XL Regular Cab 2WD||$1,358|
|Ford Explorer XLT 4WD||$1,387|
|Jeep Grand Cherokee Laredo 4WD||$1,469|
|Chevrolet Equinox LT 2WD||$1,477|
|Ford Edge SE 2WD||$1,484|
|Honda Civic VP 4-Dr Sedan||$1,524|
|Chevrolet Impala LS||$1,534|
|Ford Focus SE 4-Dr Sedan||$1,540|
|Toyota Corolla LE||$1,551|
|Toyota RAV4 Limited 2WD||$1,564|
|Volkswagen Jetta S 4-Dr Sedan||$1,571|
|Ford Fusion SE 4-Dr Sedan||$1,579|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$1,595|
|Dodge Grand Caravan Hero||$1,600|
|Dodge Ram Crew Cab TRX 2WD||$1,608|
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Data based on single male driver age 40, two speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, and claim-free. Rates do not factor in zip code location which can change premiums significantly.
Looking at the rates, you can figure that models like the Honda Accord, Ford Escape, Jeep Wrangler, and Honda CR-V are most likely going to be some of the cheaper vehicles to insure after a few driving violations.
After a few driving violations, one of the largest things that are used to help calculate the cost of insurance is where you call home. Regions with more people or even just more weather-related claims like Denver, Pueblo, and Security-Widefield likely pay more, whereas areas with lower vehicle theft rates and fewer weather claims can boast about having cheaper rates.
The information below sorts the most expensive cities in Colorado with multiple speeding tickets to buy an auto insurance policy in.
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Premium costs are comparative as the specific Colorado residence address can impact rates significantly.
Figuring out which companies quote the lowest-priced insurance rates with multiple speeding tickets in Colorado will take a bit more effort in order to find the lowest price quote.
Each auto insurance company uses different criteria for filing rates in each state, so let's take a look at the insurance companies that tend to have lower prices in Colorado. It's a good idea to know that Colorado insurance rates are based on many factors that will increase or decrease the cost of having a policy. Improving your credit score, having a claim, or getting a ticket for careless driving may cause policy rate changes that can cause some rates to be more affordable than competitors.
Find Cheaper Auto Insurance with License Points
The Hartford may offer some of the best car insurance rates in Colorado at around $850 per year. Grange, USAA, Nationwide, and GEICO also rank well as some of the lowest-priced Colorado insurance companies.
As illustrated above, if you currently buy coverage from Nationwide and switched to Grange, you may realize a yearly price reduction of in the vicinity of $151. Colorado drivers with GEICO could save as much as $218 a year, and Travelers customers might reduce prices by as much as $225 a year.
Bear in mind that those premiums are averages across all types of insureds and vehicles and and are not calculated with a price decrease with multiple speeding tickets. So the insurer that is best suited for you may not even be in the top 21 companies shown above. That underscores the importance of why you need to quote rates from many companies using your own specific driver information and vehicle.
Irresponsible driving raises your rates
In a perfect world, the ideal way to find cheap insurance rates after a few driving violations is to be an attentive driver and avoid tickets and accidents. The information below highlights how speeding tickets and fender-benders can increase insurance prices for different age groups. The prices are based on a married male driver, full physical damage coverage, $250 deductibles, and no discounts are factored in.
In the example above, the average cost of an auto insurance policy per year with no accidents and a clean driving record is $1,576. Add in two speeding tickets and the average cost jumps to $2,175, an increase of $599 each year. Now add one accident along with the two speeding tickets and the yearly cost of insurance with multiple speeding tickets in Colorado increases to an average of $2,772. That's an increase of $1,196, or $100 per month, just for not driving responsibly!
Get discount Colorado insurance
Insurers that sell policies with multiple speeding tickets may provide price discounts that could potentially reduce rates by as much as 35% or more if you qualify. A list of insurance companies and their offered discounts include:
- American Family may include discounts for multi-vehicle, accident-free, early bird, Steer into Savings, and bundled insurance.
- Nationwide has discounts for business or organization, defensive driving, family plan, multi-policy, good student, and accident-free.
- MetLife discounts include good driver, multi-policy, claim-free, accident-free, good student, and defensive driver.
- 21st Century includes discounts for driver training, anti-lock brakes, early bird, student driver, good student, and teen driver.
- Farmers Insurance policyholders can earn discounts including distant student, electronic funds transfer, business and professional, homeowner, bundle discounts, and multi-car.
- Allstate may have discounts that include multi-policy, senior citizen, new car, teenSMART discount, 55 and retired, farm vehicle, and economy car.
The chart below compares car insurance rates with and without discounts applied to the rates. The information is based on a female driver, no accidents and one traffic ticket, Colorado state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with marriage, homeowner, multiple vehicle, continuous coverage, multiple policy, and vehicle safety discounts applied. When drivers take advantage of discounts, the the average amount saved on insurance with multiple speeding tickets is 28% or $497.
Colorado car insurance rates
Colorado insurance rates are determined by lots of factors that control the policy price. Simply having another birthday, having a teenage driver, or getting a DUI can produce rate changes that can now make some companies more affordable than competitors.
In addition to those changes, insurers change their prices without warning to adjust for unexpected claims or profits. Larger than normal claims may cause higher rates, while lower claim levels may cause cheaper Colorado car insurance rates.
For example, the chart below shows the cheapest car insurance in Colorado for a 30-year-old female driver with a clean driving record, no accidents, and excellent credit. If we estimate prices based on her current situation, The Hartford has the best car insurance rates in Colorado at $850 a year. This is $728 less than the average rate paid by Colorado drivers of $1,578. Grange, USAA, GEICO, and Nationwide are the remainder of the top five cheapest Colorado auto insurance companies.
Let's now give the driver from above a couple of claims, slightly worse credit, and a speeding citation. Since each auto insurer has their own formula for setting rates, comparing quotes will most likely result in a different list of the cheapest Colorado car insurance companies as shown below.
Travelers now has the lowest car insurance rate in Colorado with State Farm, American Family, Grange, and Progressive now being in the top five. This example shows why it is critical to perform a complete rate comparison to find the most affordable insurance rates with multiple speeding tickets.
Insurance rates are impacted by many things and change substantially, so the cheapest option six months ago may now be one of the higher cost companies.