The vehicle you are insuring is a significant factor when shopping around for affordable insurance for college students. Vehicles with high performance features, poor safety features, or high incidents of liability claims will cost significantly more to insure than safer models. The information below features coverage prices for the most affordable vehicles to insure in Colorado.

Cheapest Vehicles to Insure for College Students in Colorado
Make and Model Estimated Cost for Full Coverage
Honda CR-V LX 4WD $2,255
Ford Escape XLT 2WD $2,264
Honda Accord LX-P 4-Dr Sedan $2,255
Chevrolet Silverado LS Regular Cab 4WD $2,474
Ford Edge SE 2WD $2,483
Toyota Prius $2,489
Honda Civic DX 4-Dr Sedan $2,640
Volkswagen Jetta 2.0T Station Wagon $2,657
Chevrolet Impala LT $2,674
Toyota RAV4 4WD $2,682
Dodge Grand Caravan Hero $2,674
Chevrolet Equinox LS AWD $2,680
Chevrolet Malibu LS $2,674
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Prices based on single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, and safe-driver. Table data does not factor in specific location information which can influence premiums significantly.

Looking at the data, we can conclude that models like the Honda CR-V, Ford Escape, Honda Accord, and Chevrolet Silverado are some of the cheaper vehicles to insure for students in college. Rates will trend higher because of the fact that there is more inherent risk for college students, but overall those makes and models will tend to have the cheapest rates compared to all other vehicles.

For students in college, one of the more important factors that are used to help calculate the price you pay for insurance is where you live in Colorado. Areas with increased crime or more people like Denver, Commerce City, and Security-Widefield are more likely to have higher rates, whereas areas with less crime or weather claims benefit from lower prices.

The next table shows the priciest cities in Colorado for college students in which to buy car insurance.

How much does car insurance cost in Colorado?
Rank City Average Per Year
1 Denver $1,425
2 Pueblo $1,412
3 Commerce City $1,368
4 Aurora $1,361
5 Security-Widefield $1,343
6 Lakewood $1,337
7 Northglenn $1,329
8 Thornton $1,320
9 Colorado Springs $1,316
10 Centennial $1,304
11 Arvada $1,295
12 Littleton $1,293
13 Ken Caryl $1,287
14 Highlands Ranch $1,279
15 Brighton $1,273
16 Parker $1,270
17 Castle Rock $1,261
18 Westminster $1,246
19 Broomfield $1,215
20 Boulder $1,207
21 Greeley $1,156
22 Longmont $1,144
23 Grand Junction $1,132
24 Fort Collins $1,089
25 Loveland $1,074
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Table data uses approximated as specific location information can decrease or increase insurance rates substantially.

Finding dependable, reasonably-priced auto insurance is hard enough, and finding out which company offers the lowest-priced car insurance rates for college students in Colorado requires even more diligence. Coverage prices may be somewhat more than the average policy in Colorado because of the posibility of more claims that comes with offering coverage for students in college, but affordable coverage should be achievable if you shop around. Each auto insurance company uses their own calculation for determining rates in each state, so let's begin by taking a look at the most budget-friendly car insurance companies in Colorado.

Best Insurance Companies for College Students

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Cheapest auto insurance in Colorado ranked by cost per year
Rank Company Cost Per Year
1 The Hartford $834
2 Grange $958
3 USAA $1,029
4 GEICO $1,141
5 Nationwide $1,143
6 Auto-Owners $1,168
7 Travelers $1,183
8 State Farm $1,209
9 American Family $1,301
10 Progressive $1,322
11 Amica $1,340
12 California Casualty $1,444
13 Allied $1,483
14 Colorado Farm Bureau $1,576
15 Farmers $1,613
16 MetLife $1,885
17 Allstate $2,055
18 Encompass $2,187
19 Safeco $2,447
20 Titan $2,630
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The Hartford may have some of the best car insurance rates in Colorado at around $834 per year. Grange, USAA, GEICO, and Nationwide also are some of the best Colorado insurance companies.

As the rates illustrate above, if you have coverage with GEICO and switched to Grange, you may realize a yearly savings of in the neighborhood of $183. Customers with Nationwide might save as much as $185 a year, and Auto-Owners customers might lower prices by up to $210 a year.

It's important to note that these premium estimates are averaged for all types of insureds and vehicles and do not take into consideration a rate surcharge for college students. So the insurer that is most affordable for your situation may not even be in the top 21 companies in the list above. That is why you need to get car insurance quotes using your own personalized driver profile and vehicle information.

The chart below highlights how deductible selection can change insurance costs when searching for cheap insurance for college students in Colorado. The prices are based on a married male driver, full coverage, and no discounts are applied.

As shown above, a 40-year-old driver could save $244 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $370 by changing to a $1,000 deductible. Young drivers, like the age 20 example, could shave as much as $814 each year by using a higher deductible. When increasing deductibles, it will be necessary to have plenty of money set aside to pay the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.

Rate comparison of full coverage and liability-only

Finding cheaper car insurance is probably important to the majority of vehicle owners, and one of the best ways to find cheaper insurance for college students in Colorado is to not pay for full coverage. The diagram below shows the comparison of insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The costs are based on no tickets, no at-fault accidents, $1,000 deductibles, single status, and no discounts are applied to the premium.

If all age groups are averaged, comp and collision coverage costs an extra $1,476 per year more than insuring for liability only. That is a big expense that brings up the question if you should buy full coverage at all. There is no definitive rule for eliminating full coverage on your policy, but there is a general guideline you can use. If the annual cost of your full coverage insurance is about 10% or more of the replacement cost minus the deductible, then it's probably a good time to buy liability coverage only.

How to get discounts on Colorado insurance rates

Auto insurance companies that provide policies for college students could also offer premium discounts that may potentially lower prices by 25% or more if you qualify for them. Companies and a partial list of their discounts can be read below.

The chart below compares insurance costs with and without discounts applied. Data assumes a male driver, no claims or driving violations, Colorado state minimum liability limits, comp and collision included, and $250 deductibles.

The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with paid-in-full, paperless filing, vehicle safety, passive restraint, anti-theft, and continuous coverage discounts applied. When these discounts are applied, the the amount saved on car insurance for college students is 19% or $458.