Determining which companies have the best car insurance rates in Westminster takes a bit more effort in order to find coverage that fits your buget.
Each insurance company has a unique approach for determining rates, so let's take a look at the car insurance companies that tend to have lower prices in Colorado. It's important that readers know that Westminster, CO car insurance rates are impacted by many things that can increase the cost of having a policy. Improving your credit score, having a teenage driver, or getting into an accident can trigger price changes that can make some companies cheaper than competitors.
|Rank||Company||Cost Per Year|
|15||Colorado Farm Bureau||$1,640|
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The Hartford may offer some of the lowest car insurance rates in Westminster at around $834 annually. Grange, USAA, Nationwide, and GEICO would also make the list of some of the lowest-priced Westminster, CO car insurance companies.
As the example above demonstrates, if you are insured with USAA and switched to The Hartford, you might see savings of around $175. Insureds with Nationwide could save as much as $275 a year, and GEICO policyholders might lower prices by up to $353 a year.
To get a quick, customized rate comparison, click here to get a free quote or feel free to get quotes from the companies below.
It's important to note that these policy rates are averages across all insureds and vehicles and and are not figured with an exact zip code location in Westminster. So the company that can offer the best rates for your situation may not even be in the list above. That affirms the importance of why you need to get car insurance quotes using your own personal information and vehicle type.
One of the more important considerations that are looked at to help calculate the cost of insurance is where your car is garaged in Westminster. Larger areas are more likely to pay higher prices, whereas more rural areas benefit from lower rates.
The table below shows the most expensive areas in Colorado to buy car insurance in. Westminster is listed at #17 with an annual rate of $1,234 for car insurance, which is around $103 each month.
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Rates are comparative as specific location information can revise premium rates substantially.
The vehicle requiring coverage is a large factor that determines if you can find cheaper auto insurance in Westminster. Vehicles with higher performance, a lack of advanced safety features, or a history of substantial liability claims will cost more to insure than safer models.
The table below estimates auto insurance prices for a number of the cheapest automobiles to buy coverage for.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Honda CR-V EX 2WD||$1,177|
|Ford Escape XLT 4WD||$1,202|
|Volkswagen Jetta LE 4-Dr Sedan||$1,213|
|Chevrolet Equinox LT AWD||$1,223|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$1,232|
|Toyota Tacoma Double Cab 4WD||$1,236|
|Hyundai Elantra SE 4-Dr Sedan||$1,278|
|Jeep Grand Cherokee Limited 2WD||$1,301|
|Nissan Altima 3.5 SR 4-Dr Sedan||$1,310|
|GMC Sierra 2500HD SLE Regular Cab 4WD||$1,301|
|Toyota Corolla XRS||$1,309|
|Dodge Grand Caravan SE||$1,319|
|Nissan Rogue SL AWD||$1,365|
|Honda Accord EX-L 2-Dr Coupe||$1,388|
|Toyota Camry Hybrid||$1,398|
|Toyota RAV4 Limited 2WD||$1,393|
|Ford Explorer Limited AWD||$1,418|
|Ford F-150 XL Crew Cab 4WD||$1,439|
|Ford Focus SE 4-Dr Sedan||$1,457|
|Chevrolet Impala LS||$1,464|
|Honda Odyssey EX W/Rear Entertainment||$1,457|
|Ford Edge Limited AWD||$1,464|
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Data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Prices do not factor in specific location which can increase or decrease premiums substantially.
Looking at the rates, you can expect cars like the Honda CR-V, Ford Escape, Volkswagen Jetta, and Chevrolet Equinox will be the most affordable vehicles to insure for drivers in Westminster.
Full coverage versus liability only rates
Saving money when shopping for car insurance is the goal of most vehicle owners, and a good way to find cheaper insurance in Westminster is to not pay for full coverage. The example below compares insurance prices with liability coverage only compared to full coverage. The premiums are based on no driving violations, no at-fault accidents, $100 deductibles, drivers are single, and no additional discounts are factored in.
If averaged for all ages, physical damage coverage costs $2,696 per year over having just liability coverage. Many of you may wonder when is it a good idea to stop buying full coverage. There is no definitive formula of when to drop comp and collision coverage, but there is a general guideline you can use. If the annual cost of your full coverage insurance is more than about 10% of the vehicle's replacement cost less your deductible, then it may be the right time to buy liability only.
There are a few situations where dropping full coverage is not financially feasible. If you still owe money on your vehicle, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not remove full coverage.
How to find more affordable car insurance in Westminster
The list below summarizes some of the recommended money-saving suggestions that can help Colorado drivers find cheap coverage.
- At-fault accidents will increase rates
- Avoid filing excessive claims
- Improve your credit rating
- Do not get tickets
- Higher physical damage deductibles lower rates
- Home or renters coverage can save on auto insurance
- Compare prices as often as possible
The last tip is especially necessary, as we hit on in the prior article. Rates adjust frequently, so don't be tentative to buy from a different company if a more affordable price is available.
Many consumers stick with the same company and that's fine, but it isn't a good idea if that inflexibility results in costing you a lot of money. In less than five minutes you could shop around to find cheaper car insurance in Westminster.