It’s impossible to miss the catchy advertisements from auto insurance companies like Liberty Mutual, Allstate, and The General that claim the cheapest rates. So drivers just need to choose one randomly, right?
Regrettably, it’s not quite that easy, as there are a whole bunch of unknowns such as the amount of liability insurance you need, if you want full coverage included, what deductibles you want to use, and the vehicle you drive, that help determine the price you have to pay. We know insurance is not everyone’s favorite topic, but in this article we will cover the best ways to find cheap car insurance and hopefully give you enough understanding to have a good beginning to your search for cheaper coverage.
For new drivers, one of the big factors that are used to help calculate auto insurance rates is where you choose to live. Areas with more people or more claims tend to have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates tend to receive slightly lower rates.
The next table shows the priciest cities in Colorado for inexperienced drivers to purchase car insurance in. Aurora makes the list at #2 with a yearly cost of $1,403 on average, which is approximately $117 each month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Pueblo | $1,440 |
| 2 | Aurora | $1,403 |
| 3 | Denver | $1,397 |
| 4 | Lakewood | $1,365 |
| 5 | Commerce City | $1,354 |
| 6 | Security-Widefield | $1,343 |
| 7 | Thornton | $1,320 |
| 8 | Ken Caryl | $1,313 |
| 9 | Littleton | $1,306 |
| 10 | Centennial | $1,304 |
| 11 | Northglenn | $1,303 |
| 12 | Colorado Springs | $1,290 |
| 13 | Brighton | $1,273 |
| 14 | Westminster | $1,272 |
| 15 | Parker | $1,270 |
| 16 | Arvada | $1,256 |
| 17 | Highlands Ranch | $1,241 |
| 18 | Castle Rock | $1,224 |
| 19 | Boulder | $1,195 |
| 20 | Broomfield | $1,179 |
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Annual rates are estimated as the garaging address in Aurora can alter coverage rates considerably.
Establishing which companies quote the cheapest car insurance rates for inexperienced drivers will take more time than just quoting one company’s rates. Every car insurance company uses different criteria to determine premium rates, so we’ll take a look at the most competitive car insurance companies in Aurora.
It’s important that readers know that Aurora car insurance rates are based on many factors that will increase or decrease the policy price. Simply having a birthday, getting divorced, or having a fender bender can cause premium changes that can make some companies cheaper than before.
Best Cheap Insurance Rates for Newbies
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $825 |
| 2 | Grange | $958 |
| 3 | USAA | $1,029 |
| 4 | Nationwide | $1,155 |
| 5 | GEICO | $1,187 |
| 6 | Auto-Owners | $1,192 |
| 7 | Travelers | $1,219 |
| 8 | State Farm | $1,246 |
| 9 | American Family | $1,301 |
| 10 | Progressive | $1,322 |
| 11 | Amica | $1,353 |
| 12 | California Casualty | $1,458 |
| 13 | Allied | $1,497 |
| 14 | Farmers | $1,565 |
| 15 | Colorado Farm Bureau | $1,624 |
| 16 | MetLife | $1,866 |
| 17 | Allstate | $2,055 |
| 18 | Encompass | $2,187 |
| 19 | Safeco | $2,472 |
| 20 | Titan | $2,630 |
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The Hartford has some of the lowest car insurance rates in Aurora at around $825 per year. This is $753 less than the average rate paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO also qualify as some of the most economical Aurora, CO insurance companies.
As the example above demonstrates, if you have coverage with USAA and switched to The Hartford, you could realize an annual savings of approximately $204. Insureds with Nationwide may save as much as $330 a year, and GEICO policyholders might lower prices by $362 a year.
It’s important to note that these prices are averaged for all types of drivers and the different vehicles they drive and are not factoring in an exact location for inexperienced drivers. So the company that fits your situation best may not even be in the top 21 companies shown above. That underscores the importance of why you need to quote rates from many companies using your own personal information and vehicle type.
Ending up with a highly-rated company can be difficult considering how many companies sell coverage in Aurora. The information in the lists below may help you select which coverage providers you want to consider comparing price quotes from. The ratings below only include large, nationwide insurance companies, so smaller regional companies are not included in these rankings.
Top 10 Major Auto Insurers in Aurora Ranked by Value
- USAA
- American Family
- The Hartford
- Titan Insurance
- The General
- AAA Insurance
- State Farm
- Nationwide
- Safeco
- Esurance
Top 10 Major Auto Insurers in Aurora Ranked by A.M. Best Rating
- USAA – A++
- Travelers – A++
- State Farm – A++
- GEICO – A++
- Esurance – A+
- Nationwide – A+
- Allstate – A+
- Progressive – A+
- Titan Insurance – A+
- The Hartford – A+
The illustration below shows how choosing a deductible can increase or decrease annual premium costs when quoting cheap insurance for inexperienced drivers. The information is based on a single male driver, comprehensive and collision coverage, and no discounts are taken into consideration.
The chart above illustrates that a 30-year-old driver could lower their policy premium by $326 a year by switching from a $100 deductible to a $500 deductible, or save $490 by using a $1,000 deductible. Youthful drivers, such as the Age 20 example, can cut $948 or even more by using higher deductibles when buying full coverage.
If you do raise deductibles, it is a good idea to have enough funds in savings to satisfy the extra out-of-pocket expense that comes with higher deductibles.
Tickets and at-fault accidents raise rates
A great way to obtain low car insurance premiums for new drivers is to drive safely and not receive tickets or have accidents. The illustration below highlights how traffic violations and accident claims can increase insurance rates for different age categories. The data assumes a married female driver, comp and collision included, $1,000 deductibles, and no policy discounts are applied.
In the previous example, the average cost of car insurance in Aurora per year with no accidents and a clean driving record is $1,131. Factor in two speeding tickets and the average cost rises to $1,598, an increase of $467 each year. Then add two accidents along with the two speeding tickets and the 12-month cost of car insurance for inexperienced drivers jumps again to an average of $3,544. That’s an increase of $2,413, or $201 per month, just for not paying attention while driving!
Compare rates to save
Colorado car insurance rates are calculated based on many things which can significantly increase or decrease the cost of a policy. Simply having another birthday, getting married, or getting a driving violation may generate price changes that can make some companies cheaper than competitors.
In addition to those changes, insurance companies file new Colorado auto insurance rates at least once a year to help ensure profitability. Heavy losses can result in more expensive premiums, while lower claim levels can result in lower-priced Aurora car insurance rates.
For example, the graph below shows which company has the cheapest car insurance in Aurora, CO for a 45-year-old male driver with a clean driving record, no accidents, and a good credit rating. If we estimate rates based on his current risk profile, The Hartford might offer the cheapest car insurance rates in Aurora at $1,042 per year. This is $536 less than the average policy premium paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO are also included in the cheapest Aurora, CO auto insurance companies.
Now we will give the driver from the above example an accident surcharge, a lower credit score, and a traffic citation. Since each auto insurer uses their own calculation to set premium rates, comparing quotes will most likely result in a different set of companies as shown below.
Auto-Owners now has the lowest price in Aurora, CO with State Farm, American Family, Grange, and Progressive completing the list. This example shows why it is so important to perform a complete rate comparison when trying to get the best car insurance quotes for inexperienced drivers. Insurance prices are made up of many things and can decrease or increase without notice, so the cheapest rate the last time you shopped your coverage around may now cost much more than other companies.