Wouldn't it be awesome if we could instantly tell you the single best company in Colorado that has the cheapest rates after a speeding ticket? Unfortunately, it's not that simple as there are many unknown aspects like the type of vehicle you drive, if full coverage is needed, if you have any tickets or accidents, and whether you are a man or a woman. This article covers the best ways to avoid high prices and will give you a good beginning to your quest for cheaper car insurance with licence points.

Finding good, low-priced auto insurance is not most people's favorite thing to do, and figuring out which companies have the most affordable car insurance rates after a speeding ticket in Colorado requires even more shopping around. Each auto insurance company has a unique formula to determine premium rates, so first let's look at the rankings for the car insurance companies with the most affordable rates in Colorado.

Keep in mind that Colorado car insurance rates are based on many factors that may substantially change the cost of a policy. This price variation is why consumers need to compare many different companies when trying to find the lowest car insurance rates after a speeding ticket. Insurance rates are determined by many factors and can decrease or increase without notice, so the best option when you last compared rates may now be costing you a lot of money.

Cheapest Insurance Rates with Licence Points

Compare Rates and Save

Colorado car insurance ranked by cost per year
Rank Company Cost Per Year
1 The Hartford $834
2 Grange $949
3 USAA $1,009
4 Nationwide $1,155
5 Auto-Owners $1,168
6 GEICO $1,176
7 Travelers $1,219
8 State Farm $1,246
9 American Family $1,262
10 Progressive $1,362
11 Amica $1,381
12 Allied $1,439
13 California Casualty $1,458
14 Farmers $1,613
15 Colorado Farm Bureau $1,640
16 MetLife $1,866
17 Allstate $2,055
18 Encompass $2,187
19 Safeco $2,547
20 Titan $2,630
Get Personalized Rates Go

The Hartford offers some of the lowest car insurance rates in Colorado at around $834 each year. Grange, USAA, Nationwide, and Auto-Owners would also be considered some of the cheapest Colorado car insurance companies.

In this example, if you are insured with Nationwide and switched to The Hartford, you might realize an annual savings of roughly $321. Policyholders with Auto-Owners might save as much as $334 a year, and GEICO insureds might reduce prices by as much as $342 a year.

These premiums are averaged across all insureds and vehicles and do not take into consideration a price discount after a speeding ticket. So the company that has the cheapest rates for you may not even be in the top 21 companies shown above. That illustrates why you need to compare rates from multiple companies using your own driver information and specific vehicle type.

After a few driving violations, one of the largest factors that are looked at to determine the annual cost of car insurance is where you live in Colorado. Regions with more people or even just more weather-related claims like Denver, Lakewood, and Commerce City tend to have more expensive auto insurance rates, whereas more rural areas get the luxury of paying less.

The table below shows the highest-priced areas in Colorado after a speeding ticket in which to buy car insurance.

How much does car insurance cost in Colorado?
Rank City Premium Per Year
1 Denver $1,439
2 Pueblo $1,397
3 Lakewood $1,378
4 Aurora $1,361
5 Commerce City $1,354
6 Northglenn $1,329
7 Thornton $1,320
8 Littleton $1,293
9 Security-Widefield $1,291
10 Ken Caryl $1,287
11 Colorado Springs $1,277
12 Arvada $1,269
13 Centennial $1,265
14 Castle Rock $1,261
15 Westminster $1,246
16 Brighton $1,235
17 Highlands Ranch $1,229
18 Parker $1,220
19 Boulder $1,207
20 Longmont $1,179
Compare Prices Now Go

Prices are estimated as specific Colorado zip code can alter price quotes noticeably.

The chart below demonstrates how deductible levels can increase or decrease yearly insurance costs when getting quotes for cheap insurance after a speeding ticket in Colorado. The rate quotes are based on a married male driver, comp and collision included, and no additional discounts are factored in.

The data above shows that a 50-year-old driver could lower their policy premium by $244 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $370 by selecting a $1,000 deductible. Young drivers, like the 20-year-old example, could save $814 annually just by choosing higher deductibles.

When insureds make the decision to increase the deductibles on their policy, it is important to have enough funds in savings to enable you to pay the extra out-of-pocket expense that comes with higher deductibles.

Insurance rate increases from tickets or accidents

A great way to find good car insurance prices in Colorado after a few driving violations is to drive attentively and avoid accidents and traffic violations. The information below shows how speeding tickets and accidents drive up insurance costs for different age groups. Data assumes a single male driver, full physical damage coverage, $500 deductibles, and no discounts are applied to the premium.

The data above shows the average cost of a car insurance policy in Colorado per year with no accidents and a clean driving record is $2,209. Get written up for one speeding ticket and the average cost increases to $2,492, an increase of $282 each year. Now get one accident along with the one speeding ticket and the annual cost of car insurance after a speeding ticket in Colorado increases to an average of $3,286. That's an increase of $1,076, or $90 per month, just for not being more responsible behind the wheel!

Tips for finding cheaper insurance after a speeding ticket in Colorado

Lowering your rates is not difficult, and here are many thrifty solutions that can help Colorado drivers quote cheap car insurance.

The last idea is highly critical, as we stressed in the prior information. Car insurance rates can change considerably based on profitability, so you should be ready to change insurance companies if you find a cheaper price. Many consumers stick with the same company and that's fine, but is isn't recommended if your bullheadedness ends up costing you a considerable chunk of change every month. Now is a great time to compare rates to find cheaper car insurance after a speeding ticket.