Writing this article would sure be easy if we could just give you the name of the single best car insurance company that has the rock bottom lowest rates in Colorado. Unfortunately, it’s just not that easy, as there are a lot of unknown aspects such as whether you are a man or a woman, what liability limits you need, the miles you drive each year, and your driving record, that all factor into the price you pay. In this article, we will cover the things that influence insurance rates and will hopefully give you some help in finding cheaper rates.
One of the more important considerations that are looked at to help calculate car insurance rates is where you choose to live. Cities with larger populations will most likely have higher rates, whereas less populated areas tend to receive slightly lower rates.
The next table shows the most costly cities in Colorado for drivers with bad credit to buy an auto insurance policy in. Aurora makes the list at #3 with an annual premium of $1,375 for the average policy, which is approximately $115 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Denver | $1,425 |
| 2 | Pueblo | $1,397 |
| 3 | Aurora | $1,375 |
| 4 | Lakewood | $1,365 |
| 5 | Northglenn | $1,342 |
| 6 | Security-Widefield | $1,330 |
| 7 | Commerce City | $1,328 |
| 8 | Centennial | $1,317 |
| 9 | Colorado Springs | $1,316 |
| 10 | Arvada | $1,295 |
| 11 | Ken Caryl | $1,287 |
| 12 | Westminster | $1,284 |
| 13 | Thornton | $1,281 |
| 14 | Highlands Ranch | $1,279 |
| 15 | Parker | $1,257 |
| 16 | Littleton | $1,254 |
| 17 | Brighton | $1,247 |
| 18 | Castle Rock | $1,224 |
| 19 | Broomfield | $1,215 |
| 20 | Boulder | $1,207 |
| 21 | Longmont | $1,168 |
| 22 | Grand Junction | $1,154 |
| 23 | Greeley | $1,110 |
| 24 | Fort Collins | $1,089 |
| 25 | Loveland | $1,063 |
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Table data uses approximated as specific Aurora garaging address can change auto insurance rates noticeably.
The make and model of vehicle driven is one of the largest factors when comparing quotes for the most affordable coverage for drivers with bad credit. Vehicles with limited speed and performance, an excellent safety record, or low incidents of liability claims will cost substantially less to insure than adrenaline junky models. The information below estimates coverage prices for the cheapest vehicles to buy insurance for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Jeep Wrangler Sport 4WD 2-Dr | $1,465 |
| Honda CR-V EX 2WD | $1,554 |
| Ford Escape XLS 2WD | $1,563 |
| Ford Explorer XLT AWD | $1,586 |
| Ford F-150 XLT Crew Cab 2WD | $1,592 |
| Jeep Grand Cherokee Laredo 4WD | $1,677 |
| Chevrolet Impala LT | $1,683 |
| Toyota Prius | $1,726 |
| Ford Edge Sport AWD | $1,769 |
| Nissan Altima 2.5 S 4-Dr Sedan | $1,775 |
| Toyota Corolla S | $1,769 |
| Ford Focus S 4-Dr Sedan | $1,798 |
| Chevrolet Silverado LT Extended Cab 2WD | $1,807 |
| Volkswagen Jetta 2.0T 4-Dr Sedan | $1,801 |
| Toyota RAV4 Limited 4WD | $1,836 |
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Data variables include single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Prices do not factor in the specific area where the vehicle is garaged which can decrease or increase rates significantly.
Based upon the table data, you can conclude that makes and models like the Jeep Wrangler, Honda CR-V, and Ford Escape are likely to be the less-costly vehicles to insure for people with poor credit. The cost of a car insurance policy will be higher anyway just due to the fact that there is more liability exposure for drivers with bad credit, but in general those particular models will most likely have the least expensive rates compared to all other vehicles.
The example below highlights how deductible selection can impact insurance costs when trying to find cheap insurance for drivers with bad credit. The rate quotes are based on a married male driver, comprehensive and collision coverage, and no discounts are factored in.
A 50-year-old driver could reduce rates by $244 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $370 by selecting a $1,000 deductible. Younger drivers, like the 20-year-old example, could roll back prices $814 or more just by choosing larger deductibles.
When raising deductibles, it will be required to have enough savings set aside to pay the extra out-of-pocket expense that comes with higher deductibles.
Finding a highly-rated auto insurance provider is difficult considering how many choices drivers have in Aurora. The rank data below can help you pick which companies to look at comparing rate quotes with. The ratings below include companies that write coverage in many states, so companies that may only write in Colorado are not included in this list.
Top 10 Large Car Insurance Companies in Aurora Ranked by Claims Service
- State Farm
- Esurance
- AAA Insurance
- Progressive
- Liberty Mutual
- GEICO
- Allstate
- Titan Insurance
- The Hartford
- The General
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Colorado auto insurance rates are impacted by many factors which can significantly increase or decrease the policy premium. Getting older, increasing liability limits, or having an at-fault accident may cause policy rate changes that can make some companies more affordable than the competition.
Not only may things change on your end, but auto insurance companies modify rates every year to adjust for gains or losses. Higher than usual claims may cause high rates, while a profitable period may cause more affordable Aurora car insurance rates.
As an example, the data below demonstrates which company has the cheapest car insurance in Aurora, CO for a 35-year-old male driver with no prior claims, no tickets, and great credit. If we estimate rates based on his personal risk profile, The Hartford may offer the best car insurance rates in Aurora at $1,119 each year. This is $459 less than the average price paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and Auto-Owners are the rest of the best Aurora, CO auto insurance companies.
In the next rate comparison, we’ll give the driver from the first example a chargeable accident, less-than-perfect credit, and a blemish on his driving record. Because every insurance company has a unique approach for establishing rates, getting updated rate quotes may result in a significantly different list of the cheapest car insurance companies in Aurora as shown below.
Travelers now has the best price on car insurance in Aurora, CO with State Farm, American Family, Amica, and Progressive now being in the top five. This example shows why consumers need to perform an extensive rate comparison to find cheap car insurance rates for drivers with bad credit.
Prices can be determined by many factors and change substantially, so the most economical option the last time you checked may now be costing you a lot of money.