Figuring out which company has the lowest-priced insurance rates for drivers requiring a SR22 will require a little more sweat in order to find the lowest price quote. Each company has a different formula to determine premium rates, so we’ll take a look at the insurance companies that tend to be cheaper in Aurora, CO.
It’s a good idea to know that Aurora insurance rates are influenced by many factors which can substantially decrease or increase the price you pay. Simply having another birthday, getting divorced, or getting a ticket for running a stop sign can trigger price changes that may make certain companies more affordable than competitors.
Find Cheaper Auto Insurance for SR22 Drivers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $825 |
| 2 | Grange | $949 |
| 3 | USAA | $999 |
| 4 | Nationwide | $1,143 |
| 5 | GEICO | $1,152 |
| 6 | Travelers | $1,183 |
| 7 | Auto-Owners | $1,192 |
| 8 | State Farm | $1,259 |
| 9 | American Family | $1,262 |
| 10 | Progressive | $1,376 |
| 11 | Amica | $1,381 |
| 12 | Allied | $1,439 |
| 13 | California Casualty | $1,502 |
| 14 | Farmers | $1,613 |
| 15 | Colorado Farm Bureau | $1,640 |
| 16 | MetLife | $1,885 |
| 17 | Allstate | $1,994 |
| 18 | Encompass | $2,231 |
| 19 | Safeco | $2,472 |
| 20 | Titan | $2,630 |
| Find Your Rate Go | ||
The Hartford normally has some of the best car insurance rates in Aurora at around $825 a year. Grange, USAA, Nationwide, and GEICO also rank well as some of the cheaper Aurora, CO car insurance companies.
As shown in the table above, if you are a policyholder with USAA and switched to The Hartford, you might see an annual premium reduction of about $174. Insureds with Nationwide might save as much as $318 a year, and GEICO policyholders might reduce rates by $327 a year.
Bear in mind that those policy prices are averages across all ages of drivers and types of vehicles and do not factor in an exact location for drivers requiring a SR22. So the auto insurance company that fits you best may not even be in the list above. That illustrates why you need to get rate quotes from many companies using your own specific driver information and vehicle.
The make and model of vehicle you are insuring is one of the main factors that determines if you can find the best cheap insurance for drivers requiring a SR22. Vehicles with more horsepower, poor passenger safety features, or a high likelihood of having liability claims will cost much more to insure than more modest models. The next table illustrates coverage costs for a selection of the cheaper automobiles to buy insurance for.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 4WD | $4,382 |
| Hyundai Elantra GLS Touring Station Wagon | $4,514 |
| Honda Accord LX 4-Dr Sedan | $4,564 |
| Honda CR-V EX-L 4WD | $4,622 |
| Toyota Prius | $4,719 |
| Chevrolet Silverado LS Regular Cab 4WD | $5,107 |
| Chevrolet Equinox LS AWD | $5,189 |
| Toyota RAV4 4WD | $5,199 |
| Chevrolet Malibu LS | $5,347 |
| Dodge Grand Caravan Hero | $5,353 |
| Honda Civic LX 4-Dr Sedan | $5,374 |
| Chevrolet Impala LT | $5,399 |
| Ford F-150 Lariat Super Cab 4WD | $5,404 |
| Jeep Grand Cherokee Laredo 4WD | $5,399 |
| Ford Explorer Eddie Bauer 4WD | $5,408 |
| Toyota Camry XLE | $5,424 |
| Toyota Tacoma Double Cab TRD Sport Package 4WD | $5,459 |
| Compare Rates Now Go | |
Above prices assume single male driver age 30, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, multi-vehicle, and multi-policy. Prices do not factor in vehicle garaging location which can revise price quotes greatly.
By looking at the data, cars like the Ford Escape, Hyundai Elantra, Honda Accord, Honda CR-V, and Toyota Prius are going to be some of the cheaper vehicles to insure for high risk drivers. Prices will tend to be more expensive anyway just because there is more exposure for drivers requiring a SR22, but overall those makes and models will have the cheapest rates that you’ll find.
Types of discounts on Aurora insurance rates
Car insurance companies that offer cheap quotes for drivers requiring a SR22 could also offer policy discounts that can reduce rates by 35% or more if you meet specific criteria. Companies and some of the premium reductions they offer are outlined below.
- GEICO may offer discounts for air bags, five-year accident-free, military active duty, seat belt use, and membership and employees.
- USAA may have discounts that include driver training, multi-vehicle, military installation, multi-policy, and vehicle storage.
- Progressive includes discounts for multi-policy, continuous coverage, multi-vehicle, online signing, homeowner, good student, and online quote discount.
- American Family has discounts for defensive driver, bundled insurance, good student, TimeAway discount, Steer into Savings, accident-free, and early bird.
- Esurance offers discounts for online shopper, good student, online quote, homeowner, and anti-theft.
- Farmers Insurance has savings for electronic funds transfer, early shopping, good student, teen driver, and pay in full.
- State Farm discounts include driver’s education, multiple policy, accident-free, anti-theft, Drive Safe & Save, safe vehicle, and defensive driving training.
The diagram below compares insurance prices with and without policy discounts. The rate quotes are based on a female driver, one accident and two traffic tickets, Colorado state minimum liability limits, comprehensive and collision coverage, and $500 deductibles.
The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with paperless filing, marriage, continuous coverage, multiple policy, passive restraint, and paid-in-full discounts applied. When these discounts are applied to the policy premium, the average amount saved each year on insurance for drivers requiring a SR22 is 28% or $739.
Careless Aurora drivers pay higher rates
The easiest method to score good insurance premiums in Aurora for high risk drivers is to be a cautious driver and avoid traffic citations and accidents. The illustration below demonstrates how traffic citations and at-fault fender-benders impact insurance costs for different categories of driver ages. The prices are based on a single female driver, comp and collision included, $250 deductibles, and no policy discounts are applied.
The data in the chart shows the average cost of an auto insurance policy in Colorado per year with no accidents and a clean driving record is $1,754. Factor in two speeding tickets and the average cost surges to $2,351, an increase of $598 each year. Now add one accident along with the two speeding tickets and the annual cost of insurance for drivers requiring a SR22 jumps again to an average of $2,948. That’s an increase of $1,195, or $100 per month, just for being a little careless behind the wheel!
What is the best insurance company in Colorado?
Choosing the best car insurance provider can be a challenge considering how many companies there are in Aurora. The company information displayed below may help you pick which car insurance companies you want to consider shopping your coverage with.
These ratings are for major nationwide insurance companies, so companies that only write business in Colorado or surrounding areas are not taken into consideration for these rankings. To view rates from the most competitive companies in Colorado, just click here.
Top 10 Large Auto Insurers in Aurora Ranked by Customer Satisfaction
- Titan Insurance – 95%
- USAA – 94%
- AAA Insurance – 91%
- Nationwide – 90%
- State Farm – 90%
- The Hartford – 89%
- GEICO – 89%
- Allstate – 88%
- 21st Century – 88%
- The General – 88%
Top 10 Large Auto Insurers in Aurora Ranked by A.M. Best Rating
- USAA – A++
- Travelers – A++
- State Farm – A++
- GEICO – A++
- Esurance – A+
- Nationwide – A+
- Allstate – A+
- Progressive – A+
- Titan Insurance – A+
- The Hartford – A+