It's hard to avoid all the captivating ads from car insurance companies like Allstate and The General guaranteeing dirt cheap rates, so drivers should just pick the company with the catchiest ad, right?
It's just not that easy, however, as there are a ton of unknown factors like how much you actually drive in a year, if you have ever let your coverage lapse, whether you just want liability only, and any tickets or violations, that all help calculate your car insurance rates. The information below covers the best ways to avoid paying too much and will give you a solid foundation to find cheaper car insurance for imperfect drivers.
For bad drivers, one of the big considerations that aid in calculating auto insurance rates is where you live. Areas with a lot of weather claims or more people like Pueblo, Aurora, and Northglenn tend to have more expensive car insurance rates, whereas areas with less congestion benefit from lower coverage costs.
The illustration below rates the most expensive areas in Colorado for drivers with a bad driving record to purchase a policy in.
|Rank||City||Premium Per Year|
|Find the Best Rates Go|
Rate quotes are approximated as the specific geographic location can lower or raise insurance rates significantly.
The type of vehicle you are trying to insure is one of the largest factors that determines whether or not you find low-cost car insurance for drivers with a bad driving record. Vehicles with higher performance, poor safety ratings, or a track record of large liability claims will cost significantly more to insure than more economical and safe models.
The next table estimates car insurance costs for some of the most budget-friendly vehicles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$3,096|
|Ford Escape XLS 4WD||$3,191|
|Honda CR-V LX 4WD||$3,224|
|Volkswagen Jetta 2.0T Station Wagon||$3,502|
|Ford Edge SE 2WD||$3,569|
|Ford F-150 XLT Crew Cab 2WD||$3,607|
|Jeep Grand Cherokee Laredo 2WD||$3,670|
|Dodge Grand Caravan Hero||$3,680|
|Toyota Tacoma Double Cab 4WD||$3,706|
|Chevrolet Malibu Hybrid||$3,781|
|Toyota RAV4 2WD||$3,786|
|Ford Explorer Limited 4WD||$3,821|
|Honda Odyssey EX-L W/Rear Entertainment||$3,838|
|GMC Sierra SLE Crew Cab 4WD||$3,874|
|Chevrolet Silverado 2500HD LTZ Crew Cab 4WD||$3,881|
|Nissan Altima Hybrid 4-Dr Sedan||$3,874|
|GMC Sierra 3500HD SLE Crew Cab 2WD||$3,910|
|Ford Focus SES 4-Dr Sedan||$3,918|
|Honda Civic LX 4-Dr Sedan||$3,941|
|Chevrolet Impala LTZ||$3,956|
|Toyota Camry SE||$3,983|
|Chevrolet Equinox LTZ AWD||$3,996|
|Compare Cheap Rates Go|
Data based on single male driver age 50, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, multi-vehicle, and homeowner. Prices do not factor in garaging location in Colorado which can influence price quotes considerably.
Looking at the numbers, you can infer that makes and models like the Hyundai Elantra, Ford Escape, and Honda CR-V will be a few of the less-costly vehicles to insure for bad drivers. Rates will be higher anyway because there is more exposure for drivers with a bad driving record, but generally speaking those makes and models will most likely have the best insurance prices compared to other vehicles.
Determining which company offers the lowest-priced auto insurance rates for drivers with a bad driving record in Colorado may require a tad more effort than just picking a company at random. Each insurance company has a proprietary method to set policy rates, so we'll take a look at the auto insurance companies with the overall cheapest rates in Colorado.
Find Cheaper Auto Insurance for Imperfect Drivers
|Rank||Company||Cost Per Year|
|15||Colorado Farm Bureau||$1,624|
|Compare Rates Now Go|
The Hartford offers some of the cheapest car insurance rates in Colorado at around $859 each year. Grange, USAA, Nationwide, and Auto-Owners also are some of the lowest-priced Colorado insurance companies.
In the rate table above, if you buy coverage from Nationwide and switched to The Hartford, you may realize savings of in the neighborhood of $262. Insureds with Auto-Owners might save as much as $309 a year, and GEICO policyholders might realize rate reductions of up to $317 a year.
It's important to note that these premiums are averaged across all types of insureds and vehicles and and are not figured with a rate increase for drivers with a bad driving record. So the company that has the cheapest rates for you may not even be in the top 21 companies shown above. That helps illustrate why you need to get rate quotes using your own driver information and specific vehicle type.
The diagram below illustrates how your deductible choice can affect insurance premiums when searching for cheap insurance for drivers with a bad driving record in Colorado. The rates are based on a single female driver, full physical damage coverage, and no discounts are applied to the premium.
As shown above, a 50-year-old driver could lower their policy premium by $376 a year by changing from a $100 deductible up to a $500 deductible, or save $566 by switching to a $1,000 deductible. Even younger insureds, like the 20-year-old category, could possibly save up to $966 every year just by choosing higher deductibles when buying full coverage. When insureds make the decision to increase the deductibles on their policy, it will be necessary to have enough in a savings account to offset the extra out-of-pocket expense that is associated with using high deductibles.
Buying coverage from the highest-rated insurance company can be challenging considering how many companies sell insurance in Colorado. The company ratings displayed below could help you analyze which providers you want to consider buying from.
The rankings below are for companies that write coverage in many states, so companies that only write business in Colorado or surrounding areas will not be included in this list. To compare prices and find the cheapest rates for drivers with a bad driving record, click this link.
Top 10 Large Auto Insurers in Colorado Ranked by Value
- American Family
- The Hartford
- Titan Insurance
- The General
- AAA Insurance
- State Farm
Ideas for finding the cheapest insurance for drivers with a bad driving record
It's not impossible to find cheaper rates, and here are some of the recommended penny-pinching suggestions that can help you get lower-cost auto insurance.
- Save money by observing traffic laws and speed limits
- Try to not file small claims
- Prevent price hikes by avoiding at-fault accidents
- Drive a car with a high safety rating
- Save money by bundling your home and auto policies
- Comparison shop frequently
The last tip is remarkably crucial, as was noted in this article. Insurance rates change frequently, so drivers shouldn't be reluctant to switch to a new company if you find a cheaper price.
Many drivers prefer to stick with one company, but it's not a good idea if that devotedness results in you overpaying a lot of money. If you have a few minutes, compare prices and find cheaper auto insurance for drivers with a bad driving record.