Best Cheap Auto Insurance Quotes for a School Permit in Colorado

Best Cheap Auto Insurance Quotes for a School Permit in Colorado

Finding good, budget insurance is not the easiest thing to do, and finding out which company quotes the most affordable car insurance rates for a school permit requires even more perseverance. Insurance premiums will probably be much higher than the average rate in Colorado, with the higher price attributed to the additional risk that goes along with selling insurance for a learners permit, but competitive coverage should be available if you are thorough. Every insurance provider has a unique formula to establish rates, so let’s rank the lowest cost car insurance companies in Colorado.

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Colorado auto insurance company rankings
Rank Company Cost Per Year
1 The Hartford $825
2 Grange $987
3 USAA $1,029
4 Nationwide $1,121
5 GEICO $1,176
6 Auto-Owners $1,204
7 State Farm $1,209
8 Travelers $1,219
9 American Family $1,314
10 Progressive $1,376
11 Amica $1,381
12 California Casualty $1,444
13 Allied $1,483
14 Farmers $1,613
15 Colorado Farm Bureau $1,624
16 MetLife $1,830
17 Allstate $2,015
18 Encompass $2,253
19 Safeco $2,547
20 Titan $2,738
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The Hartford may have some of the cheapest car insurance rates in Colorado at around $825 each year. Grange, USAA, Nationwide, and GEICO also make the cut as some of the best Colorado car insurance companies.

In the above example, if you have coverage with Nationwide and switched to The Hartford, you may realize a yearly price reduction of approxmiately $296. Customers with GEICO might save as much as $351 a year, and Auto-Owners customers might reduce prices by as much as $379 a year.

Remember that these premium estimates are averages across all ages of drivers and types of vehicles and are not factoring in a rate increase for a school permit. So the car insurance company that can offer the best rates for your situation may not even be included in the company chart above. That is why you need to quote rates from as many companies as possible using your own driver information and specific vehicle type.

For Colorado drivers, one of the things used to calculate the cost of insurance is where you keep your car in Colorado. Areas that are densely populated or have higher claim frequency like Pueblo, Denver, and Lakewood tend to have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates generally pay less for auto insurance.

The information below sorts the most costly cities in Colorado for a school permit to purchase car insurance in.

Where does Colorado rank for car insurance cost?
Rank City Annual Rate
1 Pueblo $1,455
2 Aurora $1,417
3 Denver $1,383
4 Commerce City $1,368
5 Lakewood $1,337
6 Thornton $1,307
7 Northglenn $1,303
8 Colorado Springs $1,290
9 Centennial $1,278
10 Westminster $1,272
11 Littleton $1,267
12 Arvada $1,256
13 Highlands Ranch $1,241
14 Brighton $1,235
15 Parker $1,233
16 Castle Rock $1,211
17 Boulder $1,195
18 Longmont $1,179
19 Broomfield $1,179
20 Grand Junction $1,120
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Premium amounts are comparative as specific Colorado garaging address can change price quotes greatly.

The car, truck, or SUV you are seeking coverage for is probably the biggest factor when comparison shopping for the best insurance for a school permit. Vehicles with average performance, good safety features, or a low likelihood of liability claims will cost significantly less to insure than adrenaline junky models.

The next table illustrates auto insurance costs for a number of the cheapest automobiles to buy coverage for.

Cheapest Auto Insurance Rates for a School Permit in Colorado
Make and Model Estimated Cost for Full Coverage
Honda CR-V LX 4WD $3,744
Ford Escape XLT 2WD $3,751
Subaru Forester X AWD $4,090
Toyota Prius $4,095
Chevrolet Traverse LTZ 2WD $4,090
Chevrolet Silverado LS Regular Cab 4WD $4,141
Kia Forte EX 4-Dr Sedan $4,181
Toyota Highlander 2WD $4,187
Ford F-150 XL Crew Cab 2WD $4,181
Honda Civic DX 4-Dr Sedan $4,408
Chevrolet Impala LS $4,413
Toyota Tacoma 2WD $4,408
Toyota RAV4 4WD $4,448
Chevrolet Equinox LT 2WD $4,453
Hyundai Tucson Limited 2WD $4,448
Dodge Grand Caravan Hero $4,456
Volkswagen Jetta LE 4-Dr Sedan $4,448
Chevrolet Malibu LT $4,488
Ford Explorer Eddie Bauer AWD $4,495
Subaru Outback 2.5I Limited $4,488
Jeep Wrangler Unlimited Sport 4WD 4-Dr $4,574
Ford Focus SES 4-Dr Sedan $4,673
Toyota Corolla XLE $4,713
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Data rating is based on single female driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, and safe-driver. Price estimates do not factor in vehicle location which can revise price quotes considerably.

Looking at the data, we can conclude that cars like the Honda CR-V, Ford Escape, Subaru Forester, Toyota Prius, and Chevrolet Traverse are the most economical vehicles to insure for a learners permit. The cost of auto insurance will tend to be more expensive because of the fact that there is more claim risk for a school permit, but generally speaking those particular models will have the cheapest car insurance rates possible.

Comparison of full coverage and liability-only policies

Finding the best cheap car insurance for a school permit in Colorado should be important to the majority of drivers, and an easy way to reduce the cost of insurance is to not buy comprehensive and collision coverage. The illustration below shows the difference between car insurance rates with full coverage compared to only the Colorado minimum liability coverage. The costs are based on no accidents, no driving violations, $500 deductibles, marital status is single, and no policy discounts are applied.

Averaged for all age groups, comp and collision coverage costs an additional $2,209 per year over having just liability coverage. That may make you wonder if physical damage coverage is worth the money. There is no specific rule for excluding full coverage, but there is a broad guideline. If the yearly cost of comp and collision coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it may be the right time to buy liability only.

For example, let’s pretend your vehicle’s settlement value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, you would only receive $3,000 after paying your policy deductible. If it’s costing you more than $300 a year for comprehensive and collision coverage, then you might want to consider buying only liability coverage.