This would be a really short article if we could tell you the one Colorado auto insurance company that has the cheapest rate quotes in Colorado. It’s not that easy, however, as there are a ton of unknowns like what coverage limits you need, when you were born, where you live, and your marital status, that all have an effect on the price of a policy. In this article, we will cover the best ways to compare rates and should give you a good beginning to your search for cheaper coverage.
The vehicle requiring coverage is one of the primary factors that determines the availability of the best cheap car insurance for 18 year olds. Vehicles with high performance, poor crash test ratings, or high incidents of liability claims will cost significantly more to insure than safer, lower-performance models. The next list shows car insurance costs for a number of the most cost-effective vehicles to insure in Colorado.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord EX 4-Dr Sedan | $4,971 |
| Honda CR-V LX 2WD | $4,980 |
| Ford Escape Limited 2WD | $5,026 |
| Hyundai Elantra SE Touring Station Wagon | $5,357 |
| Toyota Prius | $5,414 |
| Ford F-150 XLT Super Cab 2WD | $5,565 |
| Volkswagen Jetta SE 2.5 Station Wagon | $5,747 |
| Honda Odyssey EX W/Rear Entertainment | $5,841 |
| Ford Focus SE 4-Dr Sedan | $5,849 |
| Toyota Tacoma 2WD | $5,841 |
| Toyota RAV4 2WD | $5,896 |
| Ford Fusion S 4-Dr Sedan | $5,902 |
| Jeep Grand Cherokee Laredo 4WD | $5,896 |
| Toyota Camry LE | $5,904 |
| Chevrolet Impala LT | $5,896 |
| Compare Cheap Rates Go | |
Cost estimates assume single male driver age 18, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, and claim-free. Price estimates do not factor in vehicle garaging location which can lower or raise auto insurance rates noticeably.
By looking at the data, we can tell that cars like the Honda Accord, Honda CR-V, Ford Escape, and Hyundai Elantra are going to be the most budget-friendly vehicles to insure for teen drivers. The price of auto insurance will tend to be more expensive just because there is more liability risk for 18 year olds, but in general those specific models will probably have the lowest insurance rates compared to other vehicles.
For teen drivers, one of the big things that are looked at to help calculate car insurance rates is where you call home. Larger areas will most likely have higher rates, whereas areas with less people or fewer weather incidents can boast about having cheaper rates.
The information below sorts the most expensive cities in Colorado for 18 year olds to purchase auto insurance in. Aurora comes in at #3 with an annual cost of $1,403 for the average policyholder, which is around $117 per month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Pueblo | $1,455 |
| 2 | Denver | $1,425 |
| 3 | Aurora | $1,403 |
| 4 | Commerce City | $1,354 |
| 5 | Security-Widefield | $1,330 |
| 6 | Colorado Springs | $1,329 |
| 7 | Northglenn | $1,329 |
| 8 | Lakewood | $1,324 |
| 9 | Arvada | $1,295 |
| 10 | Ken Caryl | $1,287 |
| 11 | Brighton | $1,273 |
| 12 | Parker | $1,270 |
| 13 | Thornton | $1,268 |
| 14 | Littleton | $1,267 |
| 15 | Centennial | $1,265 |
| 16 | Westminster | $1,246 |
| 17 | Highlands Ranch | $1,229 |
| 18 | Castle Rock | $1,211 |
| 19 | Longmont | $1,179 |
| 20 | Boulder | $1,171 |
| Find Cheaper Insurance Go | ||
Prices are comparative as the specific zip code location can alter auto insurance rates substantially.
Deciphering which insurers offer the best insurance rates for 18 year olds may require a bit more effort in order to find the best policy. Each auto insurer has a unique formula for establishing rates, so let’s examine the insurance companies that tend to have lower prices in Colorado.
We do need to point out that Aurora insurance rates are calculated based on many things that can increase the policy price. Simply having a birthday, having a teen driver, or getting a DUI may prompt premium changes that can make some companies more affordable than the competition.
Best Cheap Insurance Rates for Teens
The Hartford generally has some of the lowest car insurance rates in Aurora at around $850 annually. This is $728 less than the average rate paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and Auto-Owners also qualify as some of the best Aurora, CO insurance companies.
In the above example, if you currently have coverage with Grange and switched to The Hartford, you could see a yearly price reduction of in the vicinity of $128. Insureds with USAA could save as much as $159 a year, and Nationwide policyholders might see rate reductions of $305 a year.
To find out how your current rates compare, click here to start a quote or visit any of the low-priced companies below.
These policy rates are averaged for all drivers and vehicles and are not factoring in an exact vehicle garaging location for 18 year olds. So the auto insurance company that has the cheapest rates for you may not even be in the top 21 companies shown above. That is why you need to quote rates from many companies using your own personal information and vehicle type.
Rate difference between full and liability-only coverage
Reducing the cost of insurance is important to most vehicle owners, and a good way to pay less for insurance for 18 year olds is to buy liability only. The information below shows the comparison of insurance premiums when comparing full coverage to liability only. The prices are based on a clean driving record, no claims, $500 deductibles, single status, and no discounts are applied.
If we average the cost for ages 20 through 70, full coverage costs an additional $1,656 per year more than insuring for liability only. At some point, every insured wonders when is it a good idea to stop buying full coverage. There is no definitive guideline of when to phase out comprehensive and collision coverage on your policy, but there is a guideline you can use. If the annual cost of your full coverage insurance is 10% or more of replacement cost minus your deductible, then you might consider buying liability only.
For example, let’s pretend your vehicle’s replacement cost is $5,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, you would only receive $4,000 after paying your deductible. If you are currently paying more than $400 annually for physical damage coverage, then you may need to consider dropping full coverage.
There are some cases where buying only liability insurance is not a good idea. If you still have a loan on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not remove full coverage.
The illustration below illustrates how your choice of deductibles can increase or decrease yearly insurance costs when quoting cheap insurance for 18 year olds. The premium estimates are based on a single male driver, comp and collision included, and no policy discounts are applied.
In the chart above, a 50-year-old driver could lower their car insurance rates by $290 a year by increasing from a $100 deductible to a $500 deductible, or save $436 by changing to a $1,000 deductible. Young drivers, such as the Age 20 example, can cut $948 each year by selecting a higher deductible. When increasing deductibles, it’s a good idea to have additional funds squirreled away to satisfy the extra out-of-pocket expense that is associated with using high deductibles.
Aurora car insurance rates
Aurora, CO insurance rates are calculated based on many things that control the price you have to pay for coverage. Turning one year older, buying a home instead of renting, or getting a speeding ticket can trigger rate changes that can cause some rates to be cheaper than competitors.
Additionally, auto insurance companies change the rates they charge in Colorado as needed to adjust for unexpected claims or profits. Unexpectedly high claims may cause price increases, while a lower level of claims can result in cheaper Aurora car insurance rates.
For instance, the graph below shows the company with the cheapest car insurance in Aurora, CO for a 40-year-old female driver with no accidents or violations, and a decent credit rating. If we estimate rates based on her current risk profile, The Hartford offers the cheapest car insurance rates in Aurora at $1,107 each year. This is $471 less than the average premium paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO are the remainder of the most affordable Aurora, CO auto insurance companies.
In this next rate comparison, we will give the driver in the first example an accident claim, a lower credit rating, and a traffic ticket or two. Because each insurer has their own process to determine rates, comparing quotes could result in a different list of affordable companies as shown below.
Travelers now has the best insurance rate in Aurora, CO with State Farm, American Family, Amica, and Progressive now rounding out the top five. This example shows why it is so important to perform a complete rate comparison when trying to get the most affordable insurance quotes for 18 year olds. Auto insurance prices are impacted by many things and can change without notice, so the cheapest company the last time you checked may now be wasting a lot of money.
The Aurora car insurance agencies listed below can probably help you decide which car insurance policy is best, as lots of people like to have a consultation when comparing insurance rates for 18 year olds. It can be complicated to find coverage yourself, and professional agents can add satisfaction knowing your policy gives you enough coverage when you need it.
To locate an Aurora car insurance agency close to where you live, click the button at the bottom of the list or click here to compare price quotes.
Amercian Affordable Insurance: Arthur Blaszczyszn
10660 E Bethany Dr – Aurora, CO 80014 – (303) 577-9998
Farmers Insurance – Holly Mullins
14221 E 4th Ave #100 – Aurora, CO 80011 – (303) 366-7101
Premier Insurance
2241 S Peoria St # 202 – Aurora, CO 80014 – (303) 337-3600
View more Aurora, CO insurance agents
How to find the cheapest insurance for 18 year olds
It’s not impossible to find cheaper rates, and here are some of the recommended money-saving suggestions that can help Colorado drivers quote cheap coverage.
- Higher deductibles mean lower rates
- Pay lower rates with good credit
- Do not waste money insuring older vehicles for full coverage
- Drive vehicles with five-star safety ratings
- Accident-free drivers may qualify for discounts
- Tickets and violations raise rates
- Compare rate quotes frequently
The last idea is particularly necessary, as we stressed in the article above. Car insurance rates can change considerably in a year, so don’t be hesitant to change insurance companies if you can find a cheaper rate.
Many drivers prefer to stick with one company, but is isn’t recommended if that dedication is costing a wad of cash every year. In just a couple of minutes you could shop around to find cheaper auto insurance for 18 year olds in Aurora.