The words “cheap” and “insurance” really shouldn’t be used together, specifically when you are looking for the lowest insurance prices for 17 year olds. To help control this cost, let’s start the ball rolling by going over a few of the things that impact car insurance rates, and come up with some ways to lower the cost of your next policy.
For teen drivers, one of the more important criteria that are used to help calculate the price you pay for insurance is your zip code in Aurora. More densely populated places will most likely have higher rates, whereas areas that tend to be more rural can boast about having cheaper rates.
The next table lists the highest-priced places in Colorado for 17 year olds to purchase car insurance in. Aurora makes the list at #4 with an annual cost of $1,361 for coverage, which is approximately $113 monthly.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Pueblo | $1,397 |
| 2 | Denver | $1,383 |
| 3 | Lakewood | $1,365 |
| 4 | Aurora | $1,361 |
| 5 | Commerce City | $1,354 |
| 6 | Ken Caryl | $1,326 |
| 7 | Thornton | $1,320 |
| 8 | Littleton | $1,306 |
| 9 | Centennial | $1,304 |
| 10 | Northglenn | $1,303 |
| 11 | Arvada | $1,295 |
| 12 | Security-Widefield | $1,291 |
| 13 | Colorado Springs | $1,290 |
| 14 | Brighton | $1,273 |
| 15 | Castle Rock | $1,261 |
| 16 | Westminster | $1,246 |
| 17 | Parker | $1,233 |
| 18 | Highlands Ranch | $1,229 |
| 19 | Broomfield | $1,215 |
| 20 | Boulder | $1,171 |
| 21 | Longmont | $1,168 |
| 22 | Grand Junction | $1,132 |
| 23 | Greeley | $1,122 |
| 24 | Fort Collins | $1,100 |
| 25 | Loveland | $1,096 |
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Prices are comparative as specific Aurora zip code can raise or lower rates significantly.
Deciding which companies offer the cheapest car insurance rates for 17 year olds will involve a bit more work than just quoting one company’s rates.
Each insurance company uses their own formula for determining rates in each state, so let’s rank the car insurance companies with the overall best prices in Colorado.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $850 |
| 2 | Grange | $949 |
| 3 | USAA | $999 |
| 4 | GEICO | $1,141 |
| 5 | Nationwide | $1,155 |
| 6 | Auto-Owners | $1,204 |
| 7 | Travelers | $1,207 |
| 8 | State Farm | $1,222 |
| 9 | American Family | $1,262 |
| 10 | Progressive | $1,322 |
| 11 | Amica | $1,340 |
| 12 | Allied | $1,439 |
| 13 | California Casualty | $1,458 |
| 14 | Farmers | $1,581 |
| 15 | Colorado Farm Bureau | $1,624 |
| 16 | MetLife | $1,830 |
| 17 | Allstate | $2,015 |
| 18 | Encompass | $2,187 |
| 19 | Safeco | $2,447 |
| 20 | Titan | $2,738 |
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The Hartford quotes some of the cheapest car insurance rates in Aurora at around $850 annually. Grange, USAA, GEICO, and Nationwide also qualify as some of the most economical Aurora, CO car insurance companies.
As shown in the rates above, if you are a policyholder with GEICO and switched to Grange, you might achieve an annual premium reduction of in the neighborhood of $192. Policyholders with Nationwide may save as much as $206 a year, and Auto-Owners customers might realize rate reductions of up to $255 a year.
If you would like to find cheaper car insurance rates, click here to begin a quote or visit several of the following companies.
Understand that those prices are averages across all types of drivers and the different vehicles they drive and do not factor in a specific zip code for 17 year olds. So the company that can offer you the best price may not even be in the top 21 companies shown above. That point stresses why you need to get rate quotes from many companies using your own specific driver and vehicle information.
The car, truck, or SUV needing coverage is probably the most important factor that determines whether or not you can buy the lowest-priced car insurance for 17 year olds. Vehicles with lots of speed or power, a lack of modern safety features, or a high likelihood of having liability claims will cost quite a bit more to insure than more economical and safe models. The next list estimates insurance costs for some of the most economical automobiles to insure.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Hyundai Elantra GLS Touring Station Wagon | $5,060 |
| Honda CR-V LX 2WD | $5,068 |
| Honda Accord EX-L 4-Dr Sedan | $5,426 |
| Ford Escape Limited 4WD | $5,434 |
| Toyota Prius | $5,477 |
| Ford Edge SE 2WD | $5,631 |
| Ford Explorer XLT 2WD | $5,679 |
| Ford F-150 XL Crew Cab 4WD | $5,729 |
| Honda Odyssey EX W/Rear Entertainment | $5,950 |
| Chevrolet Impala LS | $5,955 |
| Toyota RAV4 2WD | $5,997 |
| Nissan Altima 2.5 4-Dr Sedan | $6,005 |
| Chevrolet Equinox LT 2WD | $5,997 |
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Prices above based on single female driver age 17, 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 your specific Aurora, CO location which can affect premium rates greatly.
Based upon these rates, we can tell that vehicles like the Hyundai Elantra, Honda CR-V, and Honda Accord should be a few of the most economical vehicles to insure for teen drivers. Prices will tend to be more expensive just because there is more liability risk for 17 year olds, but in general those makes and models will have the lowest insurance rates compared to other types of vehicles.
What is the best car insurance company in Colorado?
Ending up with the best insurance company can be challenging considering how many different companies sell coverage in Colorado. The rank data in the next section could help you pick which companies you want to consider buying from. The ratings below include companies with a national presence, so companies that only write business in Colorado or surrounding areas 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
Do you need full coverage?
Paying a lower price for car insurance should be important to the majority of drivers, and an easy way to pay lower rates for insurance for 17 year olds is to not insure for full coverage. The example below shows the comparison of insurance costs with full coverage compared to only the Colorado minimum liability coverage. The data assumes no claims, a clean driving record, $100 deductibles, marital status is single, and no discounts are factored in.
If all age groups are averaged, physical damage insurance costs $2,013 per year more than carrying just liability coverage. Many drivers will wonder when is it safe to stop buying full coverage. There is no clear-cut formula to drop comp and collision coverage, but there is a broad guideline. If the annual cost of your full coverage insurance is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.
There are some cases where dropping full coverage is not financially feasible. If you still owe money on your vehicle, you have to keep full coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should not opt for liability only.
Why it’s important to shop around
Colorado car insurance rates are impacted by many factors that control the cost of your policy. Improving your credit rating, filing a claim, or having an accident can cause premium changes resulting in some rates now being much cheaper than others.
Not only that, but insurers amend premium rates every year in order to offset underwriting gains or losses. A period of higher than normal claims can cause more expensive premiums, while a profitable period may produce more affordable Aurora car insurance rates.
As an example, the data below shows the companies that have the cheapest car insurance in Aurora, CO for a 40-year-old male driver with a good driving record, no prior claims, and excellent credit. Based on his current situation, The Hartford quotes the cheapest car insurance rates in Aurora at $1,096 each year. This is $482 less than the average premium paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO are also included in the best Aurora, CO auto insurance companies.
In the next rate comparison, we’ll give the driver from the first set of rates an at-fault accident, a lower credit rating, and a traffic ticket or two. Due to the fact that each insurance company has a proprietary formula to determine rates, comparing quotes most likely will result in a substantially altered list of affordable companies as shown below.
Travelers now has the cheapest rate in Aurora, CO with State Farm, American Family, Grange, and Progressive now being in the top five. This example demonstrates why it is crucial to compare as many rates as possible when trying to get affordable auto insurance quotes for 17 year olds. Car insurance prices are impacted by many risk factors and can change substantially, so the best option six months ago may now be quite expensive.