One of the more important things that are looked at to help calculate the price you pay for insurance is where you live in Aurora. Areas with more people or higher crime rates are more likely to have higher rates, whereas areas with lower crime rates and fewer weather claims have the gratification of cheaper auto insurance rates.
The table below rates the most costly cities in Colorado for low mileage drivers to purchase a policy in. Aurora shows up at #2 having an annual price of $1,417 for the average policyholder, which is about $118 monthly.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Pueblo | $1,440 |
| 2 | Aurora | $1,417 |
| 3 | Denver | $1,397 |
| 4 | Commerce City | $1,368 |
| 5 | Lakewood | $1,365 |
| 6 | Northglenn | $1,329 |
| 7 | Ken Caryl | $1,326 |
| 8 | Security-Widefield | $1,304 |
| 9 | Colorado Springs | $1,290 |
| 10 | Thornton | $1,281 |
| 11 | Highlands Ranch | $1,279 |
| 12 | Parker | $1,270 |
| 13 | Arvada | $1,269 |
| 14 | Littleton | $1,267 |
| 15 | Centennial | $1,265 |
| 16 | Brighton | $1,235 |
| 17 | Westminster | $1,234 |
| 18 | Castle Rock | $1,211 |
| 19 | Broomfield | $1,167 |
| 20 | Boulder | $1,159 |
| 21 | Longmont | $1,144 |
| 22 | Grand Junction | $1,132 |
| 23 | Greeley | $1,122 |
| 24 | Fort Collins | $1,100 |
| 25 | Loveland | $1,063 |
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Rate information is approximated as the specific garaging location can impact insurance rates significantly.
The vehicle model you are buying coverage for is a significant factor when quoting the best coverage for low mileage drivers. Vehicles with more horsepower, a lack of modern safety features, or a history of substantial liability claims will cost quite a bit more to insure than safer, lower-performance models. The table below outlines coverage rates for a number of the most economical vehicles to buy coverage for.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 4WD | $1,502 |
| Honda CR-V LX 4WD | $1,552 |
| Toyota Tacoma 2WD | $1,594 |
| Chevrolet Impala LT | $1,626 |
| GMC Sierra SLE Regular Cab 2WD | $1,635 |
| Nissan Altima 2.5 4-Dr Sedan | $1,626 |
| Dodge Grand Caravan Crew | $1,655 |
| Toyota Prius | $1,668 |
| Jeep Wrangler Rubicon 4WD 2-Dr | $1,681 |
| Hyundai Elantra Blue 4-Dr Sedan | $1,689 |
| Ford Focus SEL 4-Dr Sedan | $1,681 |
| Jeep Grand Cherokee SRT-8 4WD | $1,742 |
| Honda Odyssey Touring | $1,750 |
| GMC Sierra 2500HD SLE Extended Cab 4WD | $1,742 |
| Toyota RAV4 Limited 2WD | $1,779 |
| Chevrolet Malibu LT | $1,813 |
| Honda Accord EX 2-Dr Coupe | $1,829 |
| Chevrolet Silverado LS Crew Cab 2WD | $1,858 |
| Ford Explorer Limited AWD | $1,869 |
| Nissan Rogue SL 2WD | $1,903 |
| Chevrolet Equinox LTZ AWD | $1,911 |
| Ford Edge Limited AWD | $1,914 |
| Toyota Corolla XLE | $1,924 |
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Price data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Rate quotes do not factor in zip code location which can increase or decrease coverage rates significantly.
Based on these rates, you can expect models like the Ford Escape, Honda CR-V, Toyota Tacoma, Chevrolet Impala, and GMC Sierra are going to be a few of the cheapest vehicles to insure for infrequent drivers.
The chart below shows how choosing a deductible can impact premium costs when trying to find cheap insurance for low mileage drivers. The rate quotes are based on a single male driver, full physical damage coverage, and no other discounts are factored in.
In the chart above, a 50-year-old driver could reduce rates by $290 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $436 by selecting a $1,000 deductible. Younger drivers, like the 20-year-old example, could shave as much as $948 annually just by choosing larger deductibles. If you do decide to increase your deductibles, it is essential to have additional funds in a savings account to be able to pay the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
Illustration showing the impact of accidents and violations
The obvious way to receive the best insurance premiums for infrequent drivers is to pay attention while driving and avoid accidents and violations. The illustration below highlights how speeding tickets and accident claims increase car insurance rates for different categories of driver ages. The data is based on a married male driver, comp and collision included, $1,000 deductibles, and no other discounts are factored in.
In the example above, the average cost of a car insurance policy in Colorado per year with no violations or accidents is $1,254. Add in one speeding ticket and the average cost swells to $1,444, an increase of $190 each year. Next add two accidents along with the one speeding ticket and the annual cost of insurance for low mileage drivers jumps again to an average of $3,227. That’s an increase of $1,972, or $164 per month, just for being a less-than-perfect driver!
How to find low-cost car insurance for low mileage drivers
Here are a few penny-pinching solutions that can help you get more affordable coverage.
- At-fault accidents will increase rates
- Vehicles with safetly features generally cost less to insure
- Better credit rating means better rates
- Do not get traffic citations
- Raise deductibles
- Do not waste money insuring older vehicles for full coverage
- Comparison shop at least once a year
The final tip is remarkably necessary, as we stressed in the prior information. Prices charged by car insurance companies in Aurora can be changed at any time, so don’t be afraid to buy from a new company if a cheaper rate is available. Many drivers have brand loyalty and that’s fine, but it’s not a good idea if that dedication is costing money that could be used for better things. It only takes a couple minutes to shop around and find cheaper car insurance for low mileage drivers.