Best Cheap Auto Insurance for Good Students in Colorado

Best Cheap Auto Insurance for Good Students in Colorado

For student drivers, one of the more important criteria that car insurance companies take into consideration when calculating the cost of insurance is your zip code. Cities with larger populations like Pueblo, Denver, and Northglenn tend to pay higher rates, whereas areas with less congestion receive better rates.

The information below ranks the higher priced cities in Colorado for good students to purchase car insurance in.

How much does car insurance cost in Colorado?
Rank City Average Per Year
1 Pueblo $1,455
2 Aurora $1,417
3 Denver $1,397
4 Lakewood $1,378
5 Northglenn $1,329
6 Thornton $1,320
7 Colorado Springs $1,316
8 Commerce City $1,314
9 Littleton $1,306
10 Centennial $1,278
11 Brighton $1,273
12 Arvada $1,256
13 Castle Rock $1,248
14 Westminster $1,246
15 Highlands Ranch $1,241
16 Parker $1,233
17 Broomfield $1,215
18 Boulder $1,195
19 Grand Junction $1,166
20 Longmont $1,144
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Rates are estimated as the specific garaging location can change rates greatly.

Trying to find cheap car insurance is hard enough, and figuring out which companies quote the lowest-priced auto insurance rates for good students requires a little more work. Every insurance company has their own guidelines for determining rates in each state, so let’s take a look at the most affordable auto insurance companies in Colorado.

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Cheapest Colorado car insurance ranked by price
Rank Company Cost Per Year
1 The Hartford $825
2 Grange $978
3 USAA $999
4 GEICO $1,141
5 Nationwide $1,143
6 Auto-Owners $1,192
7 Travelers $1,219
8 State Farm $1,222
9 American Family $1,301
10 Progressive $1,362
11 Amica $1,394
12 Allied $1,439
13 California Casualty $1,444
14 Farmers $1,629
15 Colorado Farm Bureau $1,640
16 MetLife $1,866
17 Allstate $2,015
18 Encompass $2,187
19 Safeco $2,547
20 Titan $2,738
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The Hartford may have some of the most affordable car insurance rates in Colorado at around $825 per year. Grange, USAA, GEICO, and Nationwide also are some of the most economical Colorado insurance companies.

In the above example, if you currently have a policy with GEICO and switched to Grange, you might see annual savings of about $163. Colorado drivers with Nationwide may save as much as $165 a year, and Auto-Owners policyholders might cut rates by $214 a year.

Understand that those policy prices are averages across all drivers and vehicles in Colorado and and are not figured with a price decrease for good students. So the auto insurance company that is best suited for you may not even be featured in the above rate chart. That’s why you need to compare as many prices as possible using your own personal information and vehicle type.

Discounts on Colorado insurance rates

<img class="shadow floatright" src="http://www.quoteclickinsure.com/blog/wp-content/uploads/best-car-insurance-good-students-co.jpg" alt="Cheaper Colorado auto insurance for student drivers”/>Insurance providers that provide the best cheap auto insurance for good students in Colorado may also give you policy discounts that may potentially lower prices by 40% or more if you qualify. Popular auto insurance companies and their possible discounts are detailed below.

  • Farm Bureau policyholders can earn discounts including good student, youthful driver, safe driver, multi-vehicle, and driver training.
  • Liberty Mutual discounts include good student, preferred payment discount, new graduate, newly married, and hybrid vehicle.
  • State Farm may offer discounts for good driver, multiple policy, anti-theft, Drive Safe & Save, Steer Clear safe driver discount, good student, and multiple autos.
  • Auto-Owners Insurance may include discounts for anti-lock brakes, multi-policy, safe driver, mature driver, good student, and air bags.
  • GEICO includes discounts for seat belt use, anti-theft, emergency military deployment, five-year accident-free, and anti-lock brakes.
  • SAFECO may have discounts that include anti-theft, drive less, teen safety rewards, homeowner, multi-car, safe driver, and bundle discounts.

The chart below illustrates the difference between auto insurance costs with and without discounts being applied to the rates. The rate quotes are based on a male driver, a clean driving record, no claims, Colorado state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with paid-in-full, paperless filing, continuous coverage, anti-theft, passive restraint, and vehicle safety discounts applied. With discounts applied, the average amount saved each year on auto insurance for good students is 28% or $528.

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How to find a good Colorado auto insurance company

Selecting the best insurance provider can be a challenge considering how many choices you have in Colorado. The information listed below could help you analyze which auto insurance companies you want to consider purchasing coverage from. The rankings below include companies that insure vehicles nationwide, so companies that focus mainly on Colorado business will not be included in the list.

Top 10 Major Auto Insurance Companies in Colorado Ranked by Value

  1. USAA
  2. American Family
  3. The Hartford
  4. Titan Insurance
  5. The General
  6. AAA Insurance
  7. State Farm
  8. Nationwide
  9. Safeco
  10. Esurance

How to find budget-friendly insurance for good students

It’s not impossible to find cheaper rates, and here are some penny-pinching ideas that can help Colorado drivers get cheap coverage.

  • Having at-fault accidents will increase rates
  • Get cheaper liability coverage by choosing a safer vehicle
  • Violations like speeding or DUI increase rates
  • Higher physical damage deductibles lower rates
  • Higher credit ratings may save you money
  • Do not waste money insuring older vehicles for full coverage
  • Keep rates low by comparing prices once a year

That last piece of advice is extraordinarily crucial, as we noted in the article above. Prices charged by car insurance companies can be changed at any time, so don’t be hesitant to change to a new company if you can find a cheaper rate.

Many drivers have brand loyalty and that’s fine, but is isn’t recommended if it’s costing you a considerable chunk of change every month. It only take a few minutes to shop around to find cheaper insurance for good students.