For college grads, one of the more important factors that determine the amount you pay for auto insurance is where you choose to live in Aurora. Cities with more crime and/or more people tend to have more expensive auto insurance rates, whereas areas with lower crime rates and fewer weather claims tend to receive slightly lower rates.
The following table sorts the most expensive areas in Colorado for college graduates to purchase auto insurance in. Aurora ranks #2 with an annual rate of $1,403 for the average insurance policy, which is approximately $117 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Pueblo | $1,455 |
| 2 | Aurora | $1,403 |
| 3 | Denver | $1,383 |
| 4 | Colorado Springs | $1,329 |
| 5 | Lakewood | $1,324 |
| 6 | Centennial | $1,317 |
| 7 | Commerce City | $1,314 |
| 8 | Littleton | $1,306 |
| 9 | Security-Widefield | $1,291 |
| 10 | Northglenn | $1,290 |
| 11 | Ken Caryl | $1,287 |
| 12 | Brighton | $1,273 |
| 13 | Westminster | $1,272 |
| 14 | Arvada | $1,269 |
| 15 | Thornton | $1,268 |
| 16 | Highlands Ranch | $1,267 |
| 17 | Parker | $1,257 |
| 18 | Castle Rock | $1,224 |
| 19 | Boulder | $1,195 |
| 20 | Broomfield | $1,179 |
| 21 | Grand Junction | $1,166 |
| 22 | Longmont | $1,144 |
| 23 | Greeley | $1,144 |
| 24 | Fort Collins | $1,089 |
| 25 | Loveland | $1,063 |
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Premium amounts are estimated as specific location information can impact coverage rates greatly.
Deciding which insurers offer the most affordable insurance rates for college graduates will involve more work in order to find the lowest price quote. Every auto insurer uses different criteria for setting rates, so we will examine the insurance companies with the overall best prices in Aurora, CO.
Lowest Insurance Price Quotes for Grads
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $850 |
| 2 | Grange | $949 |
| 3 | USAA | $1,039 |
| 4 | Nationwide | $1,109 |
| 5 | Travelers | $1,171 |
| 6 | GEICO | $1,187 |
| 7 | Auto-Owners | $1,204 |
| 8 | State Farm | $1,246 |
| 9 | American Family | $1,262 |
| 10 | Amica | $1,353 |
| 11 | Progressive | $1,376 |
| 12 | Allied | $1,483 |
| 13 | California Casualty | $1,488 |
| 14 | Colorado Farm Bureau | $1,576 |
| 15 | Farmers | $1,581 |
| 16 | MetLife | $1,830 |
| 17 | Allstate | $1,994 |
| 18 | Encompass | $2,253 |
| 19 | Safeco | $2,472 |
| 20 | Titan | $2,657 |
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The Hartford normally has some of the cheapest car insurance rates in Aurora at around $850 per year. This is $728 less than the average rate paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and Travelers are also some of the more affordable Aurora, CO car insurance companies.
As shown in the rates above, if you are currently insured with USAA and switched to The Hartford, you might achieve savings of about $189. Insureds with Nationwide may save as much as $259 a year, and Travelers policyholders might cut rates by $321 a year.
Bear in mind that those estimates are averaged across all insureds and vehicles and do not factor in a specific location for college graduates. So the auto insurance company that fits your situation best may not even be in the top 21 companies in the list above. That’s why you need to get auto insurance quotes using your own individual information.
The vehicle model to be insured is one of the largest factors that determines the availability of cheaper car insurance for college graduates. Vehicles with average performance, an excellent safety record, or low incidents of liability claims will cost significantly less to insure than high performance models. The information below ranks insurance prices for a selection of the most budget-friendly vehicles to insure in Colorado.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Volkswagen Jetta S 2.5 Station Wagon | $1,509 |
| Ford Escape XLT 2WD | $1,519 |
| Ford Explorer XLT 2WD | $1,556 |
| Jeep Wrangler Sport 4WD 2-Dr | $1,567 |
| Honda CR-V EX 4WD | $1,610 |
| Honda Odyssey EX | $1,612 |
| Chevrolet Impala LT | $1,644 |
| Chevrolet Equinox LT AWD | $1,651 |
| Toyota Tacoma Double Cab 4WD | $1,644 |
| Chevrolet Malibu LT | $1,676 |
| Toyota Prius | $1,689 |
| Ford Edge Sport AWD | $1,734 |
| Dodge Grand Caravan SE | $1,766 |
| Chevrolet Silverado LS Crew Cab 4WD | $1,774 |
| Dodge Ram Crew Cab TRX 2WD | $1,793 |
| Dodge Ram 3500 Crew Cab ST 2WD | $1,827 |
| Nissan Rogue SL AWD | $1,851 |
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Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Table data does not factor in specific garaging location which can change rates considerably.
Based on these rates, you can expect cars like the Volkswagen Jetta, Ford Escape, and Ford Explorer are a few of the most budget-friendly vehicles to insure for college grads.
Should you buy full coverage?
Reducing the cost of insurance is the goal of most people, and one of the best ways to lower the cost of insurance for college graduates is to buy liability only. The illustration below shows the difference between car insurance costs with and without physical damage coverage. The prices are based on a clean driving record, no at-fault accidents, $250 deductibles, drivers are single, and no discounts are factored in.
If all age groups are averaged, full coverage costs an additional $2,465 per year more than just buying liability only. That proposes the question when is the right time to remove full coverage. There is no clear-cut formula for phasing out comp and collision coverage, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of the vehicle’s replacement cost less your deductible, then it could be time to drop full coverage.
Impact of speeding/accidents on insurance rates
The best way to enjoy low insurance rates in Colorado for college grads is to pay attention while driving and have a clean driving record. The information below illustrates how violations and accident claims can raise insurance rates for different age groups. The prices are based on a single male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied to the premium.
In the prior example, the average cost of a car insurance policy in Colorado per year with no violations or accidents is $1,845. Factor in one speeding ticket and the average cost jumps to $2,078, an increase of $233 each year. Now include two accidents along with the one speeding ticket and the annual cost of insurance for college graduates goes up to an average of $4,094. That’s an increase of $2,249, or $187 per month, just for not driving safely!
How to find economical car insurance for college graduates
It is possible to find better rates, and here are a few penny-pinching ideas that can help you get lower-cost coverage.
- Good credit scores may make rates cheaper
- You will pay more if you get tickets or have at-fault accidents
- Increase deductibles to save money
- The safer your car, the less it costs to insure
- Accident-free drivers may qualify for discounts
- Assess whether full coverage is needed
- Compare rate quotes frequently
That last piece of advice is especially valuable, as was discussed in the article above. Car insurance prices in Aurora can change significantly in a year, so don’t be unwilling to buy from a different company if you can save money. Many drivers tend to have loyalty to a certain company, but it’s not recommended if that devotion results in you overpaying a lot of money. It only takes a couple minutes to compare prices to find cheaper insurance for college graduates.
The agents listed below are a good start to aid you in deciding which policy is best, as lots of people like to get some professional input when trying to find the best insurance rates for college grads. It can be difficult to find the cheapest auto insurance company, so professional agents can bring peace of mind knowing you have enough protection.
To find an agent by location nearest to you, click the link after the list.
- All Drivers Insurance
12142 E Mississippi Ave – Aurora, CO 80012 – (303) 695-1000 - Farmers Insurance – Patricia Rusho
13780 E Rice Pl #112 – Aurora, CO 80015 – (303) 317-2411 - Colorado Insurance Professionals, Inc.
13693 E Iliff Ave – Aurora, CO 80014 – (303) 755-8600