The words “affordable” and “insurance” probably shouldn’t be used in the same sentence, specifically when shopping around for the best insurance rates for low mileage drivers. In an attempt to save some money, let’s take a look at some of the things that impact insurance rates, and come up with some ideas to take a little off the next policy you buy.
Establishing which company has the best car insurance rates for low mileage drivers involves a little more effort than just quoting one company’s rates.
Each insurance company has their own guidelines for filing rates in each state, so let’s examine the car insurance companies that tend to have lower prices in Colorado. It’s important to know that Colorado car insurance rates are influenced by many factors which can substantially decrease or increase the policy price. Improving your credit rating, buying a new vehicle, or having an at-fault accident may prompt premium changes that may make certain companies cheaper than before.
Find the Cheapest Car Insurance in Colorado
Rank | Company | Cost Per Year |
---|---|---|
1 | The Hartford | $850 |
2 | Grange | $949 |
3 | USAA | $999 |
4 | GEICO | $1,141 |
5 | Nationwide | $1,155 |
6 | Auto-Owners | $1,156 |
7 | Travelers | $1,207 |
8 | State Farm | $1,222 |
9 | American Family | $1,301 |
10 | Amica | $1,353 |
11 | Progressive | $1,362 |
12 | Allied | $1,483 |
13 | California Casualty | $1,502 |
14 | Farmers | $1,581 |
15 | Colorado Farm Bureau | $1,640 |
16 | MetLife | $1,811 |
17 | Allstate | $2,015 |
18 | Encompass | $2,165 |
19 | Safeco | $2,447 |
20 | Titan | $2,738 |
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The Hartford offers some of the best car insurance rates in Colorado at around $850 per year. Grange, USAA, GEICO, and Nationwide would also be considered some of the lowest-priced Colorado insurance companies.
In the above example, if you currently have coverage with GEICO and switched to Grange, you could see a yearly price reduction of about $192. Customers with Nationwide may save as much as $206 a year, and Auto-Owners customers might lower prices by $207 a year.
These policy rates are averages across all drivers and vehicles in Colorado and and are not calculated with a rate discount for low mileage drivers. So the company that fits your situation best may not even be in the above rate chart. That points out the importance of why you need to get auto insurance quotes using your own driver data and vehicle information.
We all have different tastes in cars, and the vehicle requiring insurance is one of the primary factors when consumers are trying to find the best cheap insurance for low mileage drivers. Vehicles with high performance, poor crash test ratings, or high incidents of liability claims will cost substantially more to insure than more economical and safe models.
The tables below presents car insurance prices for the cheapest automobiles to buy insurance for.
Make, Model, and Trim Level | Annual Cost | Semi-Annual Cost | Monthly Cost |
---|---|---|---|
Chevrolet Malibu LS | $1,220 | $610 | $102 |
Ford Focus S 4-Dr Sedan | $1,192 | $596 | $99 |
Honda Accord EX-L 2-Dr Coupe | $1,396 | $698 | $116 |
Hyundai Elantra SE Touring Station Wagon | $1,132 | $566 | $94 |
Hyundai Sonata SE 4-Dr Sedan | $1,368 | $684 | $114 |
Kia Optima EX | $1,396 | $698 | $116 |
Nissan Altima 3.5 SR 4-Dr Sedan | $1,324 | $662 | $110 |
Volkswagen Jetta SEL 4-Dr Sedan | $1,324 | $662 | $110 |
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Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Price information does not factor in specific location which can change coverage rates considerably.
Make, Model, and Trim Level | Annual Cost | Semi-Annual Cost | Monthly Cost |
---|---|---|---|
Buick Enclave XL 2WD | $1,324 | $662 | $110 |
Chevrolet Suburban LS 4WD | $1,248 | $624 | $104 |
Chevrolet Traverse LT AWD | $1,160 | $580 | $97 |
Ford Escape XLT 4WD | $1,056 | $528 | $88 |
Ford Expedition Eddie Bauer 2WD | $1,236 | $618 | $103 |
Ford Explorer Limited AWD | $1,248 | $624 | $104 |
GMC Acadia SLE 2WD | $1,144 | $572 | $95 |
GMC Terrain SLE AWD | $1,132 | $566 | $94 |
Honda CR-V EX-L 4WD | $1,056 | $528 | $88 |
Honda Pilot EX 2WD | $1,172 | $586 | $98 |
Jeep Grand Cherokee Limited 4WD | $1,324 | $662 | $110 |
Nissan Pathfinder LE 2WD | $1,248 | $624 | $104 |
Toyota 4Runner Limited 2WD | $1,264 | $632 | $105 |
Toyota Highlander Limited 2WD | $1,352 | $676 | $113 |
Toyota RAV4 Limited 4WD | $1,220 | $610 | $102 |
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Premium data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Rate quotes do not factor in specific garaging location which can affect prices significantly.
Make, Model, and Trim Level | Annual Cost | Semi-Annual Cost | Monthly Cost |
---|---|---|---|
Chevrolet Colorado LT Crew Cab 2WD | $1,192 | $596 | $99 |
Chevrolet Silverado 2500HD LT Crew Cab 2WD | $1,472 | $736 | $123 |
Chevrolet Silverado LTZ Extended Cab 2WD | $1,396 | $698 | $116 |
Dodge Ram Quad Cab Laramie 2WD | $1,424 | $712 | $119 |
Ford F-150 XLT Regular Cab 4WD | $1,144 | $572 | $95 |
Ford F-250 XL Super Cab Harley Edition 4WD | $1,496 | $748 | $125 |
GMC Sierra 2500HD SLE Crew Cab 2WD | $1,472 | $736 | $123 |
GMC Sierra SLT Crew Cab 4WD | $1,428 | $714 | $119 |
Toyota Tacoma Double Cab 4WD | $1,220 | $610 | $102 |
Toyota Tundra SR/5 Double Cab 2WD | $1,292 | $646 | $108 |
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Prices based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Table data does not factor in specific location information which can influence premiums significantly.
One of the more important things that affect insurance cost is the neighborhood you call home in Colorado. Densely populated urban areas like Denver, Lakewood, and Commerce City tend to pay more, whereas less populated areas benefit from lower rates.
The information below ranks the most costly cities in Colorado for low mileage drivers in which to buy car insurance.
Rank | City | Premium Per Year |
---|---|---|
1 | Denver | $1,439 |
2 | Pueblo | $1,412 |
3 | Lakewood | $1,378 |
4 | Aurora | $1,361 |
5 | Commerce City | $1,328 |
6 | Centennial | $1,304 |
7 | Littleton | $1,293 |
8 | Northglenn | $1,290 |
9 | Colorado Springs | $1,290 |
10 | Westminster | $1,284 |
11 | Highlands Ranch | $1,279 |
12 | Arvada | $1,269 |
13 | Thornton | $1,268 |
14 | Parker | $1,257 |
15 | Brighton | $1,235 |
16 | Castle Rock | $1,224 |
17 | Broomfield | $1,179 |
18 | Boulder | $1,171 |
19 | Longmont | $1,133 |
20 | Greeley | $1,122 |
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Table data uses estimated as vehicle location can decrease or increase premiums considerably.
If you are shopping around for auto insurance, four companies to take a look at are Geico, Progressive, State Farm, and Allstate. When combined, they insure nearly half of the entire U.S. auto insurance market. All four offer physical damage and liability coverage, but each has slightly different options that may influence your choice. The table below illustrates ratings for price and service, as well as some optional coverages that are available.
Geico | Progressive | State Farm | Allstate | |
---|---|---|---|---|
Number of Discounts | 2nd | 4th | 3rd | 1st |
Overall Satisfaction | 1st | 3rd | 4th | 2nd |
Claims Service | 3rd | 4th | 2nd | 1st |
Overall Cost | 1st | 3rd | 2nd | 4th |
Rating from A.M. Best | A++ | A+ | A++ | A+ |
Standard & Poor’s financial rating | AA+ | AA | AA | AA- |
Rate for vehicle usage | No | Yes | Yes | Yes |
Accident forgiveness | Yes | Yes | No | Yes |
New car replacement insurance | No | No | No | Yes |
Roadside service | Yes | Yes | Yes | Yes |
Coverage for Uber and Lyft drivers | Yes | Yes | Yes | Yes |
Mechanical breakdown insurance | Yes | Yes | No | No |
Insure in Colorado | Yes | Yes | Yes | Yes |
Where you can buy | From a Geico agent or online | Buy online or from an independent agent | State Farm exclusive agents | Allstate-only agents |
Number of agents | 150+ | 30,000+ | 18,000+ | 11,000+ |
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