You have probably seen the ads from companies like Allstate and The General that make promises of dirt cheap rates, so drivers should just choose any of them, right?
It’s just not that easy, however, as there are a ton of unknown elements like whether or not your vehicle has good safety ratings, your age, where you live, and if you have ever had a coverage lapse. In this article, we will cover the types of things that cause high car insurance rates and will hopefully give the reader a good beginning to your quest for cheaper car insurance in Colorado.
The make and model of vehicle that needs insurance is a large factor when looking for cheap car insurance for seniors. Vehicles with economical engines, good safety features, or a low likelihood of having liability claims will cost substantially less to insure than adrenaline junky models. The next list illustrates coverage rates for a handful of the most economical vehicles to buy insurance for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX 4-Dr Sedan | $1,060 |
| Ford Escape Limited 2WD | $1,086 |
| Honda CR-V EX 4WD | $1,092 |
| Chevrolet Silverado LS Regular Cab 4WD | $1,156 |
| Toyota Prius | $1,177 |
| Ford F-150 XL Crew Cab 2WD | $1,182 |
| Ford Edge SEL 2WD | $1,221 |
| Toyota Camry LE | $1,247 |
| Jeep Grand Cherokee Laredo 4WD | $1,255 |
| Toyota RAV4 Limited 4WD | $1,247 |
| Chevrolet Impala LT | $1,254 |
| Jeep Wrangler Unlimited Sport 2WD 4-Dr | $1,263 |
| Ford Explorer Limited 4WD | $1,273 |
| Dodge Grand Caravan Crew | $1,283 |
| Toyota Tacoma Double Cab TRD Sport Package 4WD | $1,273 |
| Hyundai Elantra Blue 4-Dr Sedan | $1,286 |
| Honda Civic LX 4-Dr Sedan | $1,295 |
| Honda Odyssey EX-L W/Navigation | $1,313 |
| Toyota Corolla S | $1,319 |
| Volkswagen Jetta SE 4-Dr Sedan | $1,339 |
| Chevrolet Malibu LTZ | $1,346 |
| Nissan Rogue SL 2WD | $1,339 |
| Ford Fusion SE 4-Dr Sedan | $1,349 |
| Compare Rates Now Go | |
Prices above based on married female driver age 60, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Price estimates do not factor in specific zip code location which can revise insurance rates greatly.
Looking at the data, we can presume that cars like the Honda Accord, Ford Escape, and Honda CR-V are most likely going to be the cheapest vehicles to insure for senior citizens.
For senior citizens, one of the largest factors that are used to help calculate the price you pay for insurance is where you keep your vehicle in Aurora. Cities with larger populations or higher claim trends are more likely to have higher rates, whereas areas with less people or fewer weather incidents have the enjoyment of a little cheaper coverage.
The following table sorts the most expensive places in Colorado for seniors to buy car insurance in. Aurora is ranked at #4 costing $1,375 for the average policyholder, which is about $115 monthly.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Pueblo | $1,455 |
| 2 | Denver | $1,439 |
| 3 | Lakewood | $1,378 |
| 4 | Aurora | $1,375 |
| 5 | Security-Widefield | $1,343 |
| 6 | Northglenn | $1,342 |
| 7 | Commerce City | $1,314 |
| 8 | Ken Caryl | $1,313 |
| 9 | Centennial | $1,304 |
| 10 | Colorado Springs | $1,290 |
| 11 | Highlands Ranch | $1,279 |
| 12 | Westminster | $1,272 |
| 13 | Thornton | $1,268 |
| 14 | Arvada | $1,256 |
| 15 | Littleton | $1,254 |
| 16 | Brighton | $1,247 |
| 17 | Castle Rock | $1,224 |
| 18 | Parker | $1,220 |
| 19 | Broomfield | $1,179 |
| 20 | Boulder | $1,159 |
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Premium amounts are estimated as the specific zip code location can raise or lower coverage prices noticeably.
Deciphering which company offers the best auto insurance rates for seniors may require more work than just comparing a company or two. Each auto insurance company used slightly different criteria to determine premium rates, so we need to take a look at the auto insurance companies that tend to have lower prices in Colorado.
We do need to point out that Aurora auto insurance rates are influenced by many factors which can substantially change the price you pay for coverage. Simply getting older, buying a different home, or having an at-fault accident can produce rate changes resulting in some rates now being more affordable than before.
Find the Cheapest Car Insurance for Mature Drivers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $825 |
| 2 | Grange | $949 |
| 3 | USAA | $999 |
| 4 | Nationwide | $1,109 |
| 5 | Travelers | $1,183 |
| 6 | GEICO | $1,187 |
| 7 | Auto-Owners | $1,204 |
| 8 | State Farm | $1,209 |
| 9 | American Family | $1,314 |
| 10 | Progressive | $1,322 |
| 11 | Amica | $1,340 |
| 12 | California Casualty | $1,458 |
| 13 | Allied | $1,483 |
| 14 | Farmers | $1,565 |
| 15 | Colorado Farm Bureau | $1,576 |
| 16 | MetLife | $1,885 |
| 17 | Allstate | $2,015 |
| 18 | Encompass | $2,253 |
| 19 | Safeco | $2,547 |
| 20 | Titan | $2,657 |
| Quote Your Rates Go | ||
The Hartford quotes some of the cheapest car insurance rates in Aurora at around $825 annually. Grange, USAA, Nationwide, and Travelers also make the cut as some of the cheapest Aurora, CO auto insurance companies.
As the example above demonstrates, if you buy coverage from USAA and switched to The Hartford, you might see a yearly savings of in the vicinity of $174. Policyholders with Nationwide may save as much as $284 a year, and Travelers insureds might realize rate reductions of up to $358 a year.
To find out how much you can save, click here to get a free quote or click several companies below for low rates.
Be aware that those policy prices are averages across all ages of drivers and types of vehicles and and are not figured with a specific vehicle garaging location for seniors. So the insurer that fits your needs best may not even be in the top 21 companies shown above. That affirms the importance of why you need to get auto insurance quotes using your own driver data and vehicle information.
Get discount Aurora car insurance rates
Insurers that offer coverage for seniors may have rate discounts that could lower prices by 30% or more if you are eligible. Large auto insurance companies and some of the discounts are:
- State Farm offers discounts including defensive driving training, driver’s education, Steer Clear safe driver discount, anti-theft, good student, and student away at school.
- Progressive offers discounts for good student, online signing, multi-policy, homeowner, and multi-vehicle.
- Progressive discounts include multi-vehicle, online signing, online quote discount, continuous coverage, multi-policy, homeowner, and good student.
- MetLife includes discounts for good student, multi-policy, defensive driver, claim-free, and accident-free.
- Farm Bureau has savings for multi-vehicle, 55 and retired, good student, safe driver, renewal discount, youthful driver, and driver training.
- GEICO offers premium reductions for multi-vehicle, membership and employees, military active duty, five-year accident-free, federal employee, and daytime running lights.
- SAFECO may offer discounts for anti-theft, drive less, homeowner, safe driver, bundle discounts, accident prevention training, and teen safety rewards.
The information below shows the comparison of insurance costs with and without discounts applied to the premium. The data assumes a female driver, no claims or violations, Colorado state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows the average rate with no discounts. The second shows the rates with homeowner, vehicle safety, passive restraint, marriage, multiple vehicle, and defensive driving course discounts applied. When drivers qualify for the discounts, theamount saved on auto insurance for seniors is 29% or $557.
The chart below illustrates how your deductible choice can raise or lower insurance rates when quoting cheap insurance for seniors. The data is based on a married female driver, comprehensive and collision coverage, and no discounts are applied to the premium.
As shown above, a 50-year-old driver could lower rates by $324 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $488 by changing to a $1,000 deductible. Even younger insureds, such as the 20-year-old chart data, can save $802 every year just by choosing larger deductibles. When increasing deductibles, it will be required to have additional funds squirreled away to satisfy the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
Last year’s bargain might be this year’s rip off
Aurora, CO auto insurance rates are impacted by many factors which can substantially change the price you have to pay. Improving your credit rating, moving across town, or getting caught speeding can trigger price changes that can make some companies more affordable than before. Not only may your situation change, but companies file new Colorado car insurance rates multiple times each year to adjust for heavy claims or excess profits. An extended period of higher than normal claims can cause high rates, while lower claims may produce cheaper Aurora car insurance rates.
The graph below analyzes the cheapest car insurance in Aurora, CO for a 35-year-old female driver with a good driving record, no prior claims, and good credit. If we estimate prices based on her current situation, The Hartford may offer the best car insurance rates in Aurora at $1,107 annually. This is $471 less than the average premium paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO round out the rest of the top five cheapest Aurora, CO auto insurance companies.
The chart below compares rates after we give the driver in the first chart a chargeable claim, a lower credit rating, and a speeding ticket. Since every insurance provider has their own process to set their prices, comparing insurance quotes may result in a new list of the cheapest car insurance companies in Aurora as shown below.
Travelers now has the cheapest rate in Aurora with State Farm, American Family, Progressive, and Grange now being in the top five. This illustrates why it is so important to compare rates when trying to get affordable auto insurance rates for seniors. Insurance prices are influenced by many things and change dramatically, so the best option two years ago may now be priced much higher than other options.