Finding reliable, budget car insurance is not the easiest thing to accomplish, and finding out which company quotes the best car insurance rates for 16 year olds calls for even more diligence. Each auto insurer uses slightly different criteria to determine rates, so we need to take a look at the lowest cost car insurance companies in Aurora, CO.
It’s important to understand that Aurora car insurance rates are based on many factors which can substantially change the price you pay. Simply having another birthday, marrying your spouse, or getting a DUI can trigger price changes that can make some companies affordable when they were higher priced.
Find the Best Cheap Insurance for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $825 |
| 2 | Grange | $958 |
| 3 | USAA | $999 |
| 4 | Nationwide | $1,109 |
| 5 | Auto-Owners | $1,168 |
| 6 | GEICO | $1,176 |
| 7 | Travelers | $1,183 |
| 8 | State Farm | $1,246 |
| 9 | American Family | $1,275 |
| 10 | Progressive | $1,362 |
| 11 | Amica | $1,381 |
| 12 | Allied | $1,439 |
| 13 | California Casualty | $1,488 |
| 14 | Colorado Farm Bureau | $1,592 |
| 15 | Farmers | $1,613 |
| 16 | MetLife | $1,811 |
| 17 | Allstate | $1,994 |
| 18 | Encompass | $2,231 |
| 19 | Safeco | $2,522 |
| 20 | Titan | $2,630 |
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The Hartford generally has some of the cheapest car insurance rates in Aurora at around $825 a year. Grange, USAA, Nationwide, and Auto-Owners would also make the list of some of the lowest-priced Aurora, CO insurance companies.
In the above rates, if you are a customer of Grange and switched to The Hartford, you might realize a yearly savings of upwards of $133. Drivers with USAA could save as much as $174 a year, and Nationwide insureds might lower prices by up to $284 a year.
To discover how much you can save, click here to start your custom quote or visit any of the low-priced companies below.
Bear in mind that those policy rates are averages for all drivers and vehicles and and are not calculated with an exact vehicle garaging location for 16 year olds. So the auto insurance company that fits you best may not even be in the top 21 companies shown above. That’s why you need to get car insurance quotes using your own driver data and vehicle information.
The make and model of vehicle that needs insurance is one of the primary factors when comparing affordable insurance for 16 year olds. Vehicles with limited top-end speed, a plethora of safety features, or a positive history of liability claims will cost substantially less to insure than high performance models. The table below illustrates insurance rates for a selection of the more affordable automobiles to insure.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Hyundai Elantra GLS Touring Station Wagon | $5,718 |
| Ford Escape XLS 2WD | $5,728 |
| Honda Accord LX-P 4-Dr Sedan | $5,718 |
| Honda CR-V EX 2WD | $5,727 |
| Toyota Prius | $6,176 |
| Honda Odyssey LX | $6,376 |
| Ford Explorer XLT AWD | $6,432 |
| Ford Focus S 4-Dr Sedan | $6,724 |
| Chevrolet Impala LS | $6,733 |
| Chevrolet Malibu LS | $6,781 |
| GMC Sierra SLE Crew Cab 2WD | $6,791 |
| Toyota RAV4 4WD | $6,781 |
| Volkswagen Jetta S 4-Dr Sedan | $6,786 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $6,834 |
| Dodge Grand Caravan SXT | $6,844 |
| Ford F-150 FX2 2WD | $6,834 |
| Honda Civic EX 4-Dr Sedan | $7,075 |
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Data rating is based on single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, and safe-driver. Estimates do not factor in specific Aurora, CO garaging location which can alter price quotes significantly.
Based upon the rates shown, we can presume that makes and models like the Hyundai Elantra, Ford Escape, Honda Accord, and Honda CR-V should be a few of the most affordable vehicles to insure for new drivers. Auto insurance rates will be more costly just due to the fact that there is more liability exposure for 16 year olds, but in general those particular models will probably have the best insurance prices possible.
For new drivers, one of the more important criteria that aid in calculating the cost of insurance is where you call home in Aurora. Larger areas will most likely pay more, whereas areas with less people or fewer weather incidents have the luxury of cheap car insurance rates.
The information below rates the most expensive places in Colorado for 16 year olds to purchase a policy in. Aurora is listed at #3 with a yearly cost of $1,375 for car insurance, which is approximately $115 monthly.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Pueblo | $1,412 |
| 2 | Denver | $1,383 |
| 3 | Aurora | $1,375 |
| 4 | Commerce City | $1,368 |
| 5 | Lakewood | $1,365 |
| 6 | Ken Caryl | $1,326 |
| 7 | Colorado Springs | $1,316 |
| 8 | Arvada | $1,308 |
| 9 | Thornton | $1,307 |
| 10 | Centennial | $1,304 |
| 11 | Security-Widefield | $1,304 |
| 12 | Northglenn | $1,290 |
| 13 | Westminster | $1,284 |
| 14 | Highlands Ranch | $1,279 |
| 15 | Littleton | $1,267 |
| 16 | Parker | $1,257 |
| 17 | Brighton | $1,247 |
| 18 | Castle Rock | $1,224 |
| 19 | Broomfield | $1,203 |
| 20 | Boulder | $1,159 |
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Rates are estimated as specific Aurora zip code can lower or raise coverage rates noticeably.
Do you need full coverage?
Saving money on car insurance should be important to most drivers, and one of the quickest ways to buy cheap insurance for 16 year olds is to only buy liability coverage. The information below illustrates the comparison of insurance prices with full physical damage coverage and with liability coverage only. The information is based on no violations or accidents, $100 deductibles, single marital status, and no discounts are applied.
If we average the cost for ages 20 through 70, full coverage on your policy costs $2,743 per year over and above liability coverage. At some point, every insured wonders if you should buy full coverage. There is no exact formula to delete full coverage, but there is a guideline you can consider. If the yearly cost of full coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might want to consider buying only liability coverage.
Selecting the right car insurance provider can be rather challenging considering how many choices drivers have in Colorado. The ranking data below can help you pick which auto insurers you want to consider comparing prices from. The rankings below include large, nationwide insurance companies, so smaller companies are not factored into this list.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 98 | 100 | 100 | 94% | A++ | 98.6 |
| American Family | 98 | 89 | 100 | 86% | A | 95.4 |
| State Farm | 88 | 93 | 96 | 90% | A++ | 92.4 |
| The Hartford | 94 | 92 | 90 | 89% | A+ | 91.7 |
| AAA Insurance | 88 | 89 | 95 | 91% | A | 91.2 |
| GEICO | 84 | 93 | 93 | 89% | A++ | 90.3 |
| The General | 89 | 91 | 89 | 88% | A- | 90 |
| Titan Insurance | 90 | 87 | 91 | 95% | A+ | 89.6 |
| Progressive | 84 | 91 | 93 | 87% | A+ | 89.5 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Nationwide | 87 | 88 | 84 | 90% | A+ | 88.7 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
| Safeco | 85 | 85 | 85 | 86% | A | 85.8 |
| Travelers | 80 | 87 | 87 | 83% | A++ | 85.2 |
| Farmers Insurance | 78 | 87 | 88 | 79% | A | 84.3 |
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Data Source: Insure.com Best Car Insurance Companies
Here’s why you should shop around
Aurora, CO car insurance rates are influenced by many factors that control the price you pay. Simply having a birthday, marrying your spouse, or getting a ticket for careless driving may cause policy rate changes that can make some companies more affordable than competitors. And not only may your rating factors change, but auto insurance companies modify pricing as often as every three months to help ensure profitability. Higher than normal claims can result in higher prices, while a profitable period can cause lower-cost Aurora car insurance rates.
The bar chart below shows the companies that have the cheapest car insurance in Aurora, CO for a 45-year-old male driver with a good driving record, no prior claims, and a high credit rating. Based on his personal risk profile, The Hartford has the most affordable car insurance rates in Aurora at $1,056 a year. This is $522 less than the average premium paid by Colorado drivers of $1,578. Grange, USAA, GEICO, and Nationwide are the remainder of the most affordable Aurora, CO auto insurance companies.
In the next rate comparison, we’ll give the driver from the first set of rates an accident surcharge, a lower credit rating, and an imperfect driving record. Since each insurance company has a proprietary formula for setting rates, comparing rates will most likely result in a substantially altered list of cheap Aurora auto insurance companies as shown below.
State Farm now has the cheapest auto insurance in Aurora, CO with Travelers, American Family, Grange, and Progressive now being in the top five. This example demonstrates why Colorado drivers need to shop around when trying to find the most economical auto insurance quotes for 16 year olds. Rates are made up of many risk factors and change frequently, so the cheapest option the last time you compared rates may now be quite expensive.