One of the more important considerations that are used to help calculate car insurance rates is where you live in Denver. Cities with larger populations tend to have more expensive auto insurance rates, whereas areas that tend to be more rural profit from lower rates.
The information below rates the most costly cities in Colorado for drivers under 21 to buy an auto insurance policy in. Denver is listed at #1 with the yearly price of $1,439 for the average insured, which is around $120 per month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Denver | $1,439 |
| 2 | Aurora | $1,403 |
| 3 | Pueblo | $1,397 |
| 4 | Lakewood | $1,365 |
| 5 | Commerce City | $1,354 |
| 6 | Thornton | $1,320 |
| 7 | Centennial | $1,317 |
| 8 | Colorado Springs | $1,316 |
| 9 | Ken Caryl | $1,313 |
| 10 | Littleton | $1,306 |
| 11 | Northglenn | $1,303 |
| 12 | Arvada | $1,295 |
| 13 | Security-Widefield | $1,291 |
| 14 | Brighton | $1,285 |
| 15 | Westminster | $1,284 |
| 16 | Parker | $1,270 |
| 17 | Highlands Ranch | $1,267 |
| 18 | Castle Rock | $1,248 |
| 19 | Boulder | $1,207 |
| 20 | Broomfield | $1,203 |
| 21 | Grand Junction | $1,166 |
| 22 | Longmont | $1,144 |
| 23 | Greeley | $1,122 |
| 24 | Fort Collins | $1,100 |
| 25 | Loveland | $1,074 |
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Annual rates are comparative as the specific garaging location can decrease or increase premiums considerably.
The make and model of vehicle you are buying coverage for is a significant factor that determines whether or not you can buy cheap coverage for drivers under 21. Vehicles with more horsepower, poor passenger safety features, or high incidents of liability claims will cost more to insure than more modest models.
The list below showcases car insurance premiums for a selection of the most budget-friendly automobiles to insure.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 2WD | $4,564 |
| Hyundai Elantra GLS Touring Station Wagon | $4,570 |
| Honda Accord LX 4-Dr Sedan | $4,564 |
| Honda CR-V EX-L 2WD | $4,625 |
| Jeep Wrangler Sport 4WD 2-Dr | $4,723 |
| Volkswagen Jetta S 2.5 Station Wagon | $4,944 |
| Toyota Prius | $5,002 |
| Ford F-150 STX Super Cab 2WD | $5,039 |
| Ford Explorer XLT 4WD | $5,100 |
| Dodge Grand Caravan CV | $5,109 |
| Honda Civic DX 4-Dr Sedan | $5,358 |
| Ford Edge SE AWD | $5,364 |
| Chevrolet Impala LT | $5,419 |
| Chevrolet Malibu LS | $5,427 |
| Chevrolet Silverado LS Extended Cab 4WD | $5,419 |
| Toyota RAV4 Limited 2WD | $5,427 |
| Toyota Tacoma Double Cab TRD Sport Package 4WD | $5,477 |
| Ford Focus SES 4-Dr Sedan | $5,676 |
| Honda Odyssey EX-L | $5,737 |
| Chevrolet Equinox LTZ AWD | $5,796 |
| Ford Fusion SEL 4-Dr Sedan | $5,803 |
| Nissan Altima Hybrid 4-Dr Sedan | $5,796 |
| Toyota Corolla XRS | $5,803 |
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Data based on single male driver age 19, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, and claim-free. Prices do not factor in garaging location in Denver, CO which can alter premiums noticeably.
Based upon the table data, we can infer that cars like the Ford Escape, Hyundai Elantra, Honda Accord, and Honda CR-V are some of the more affordable vehicles to insure for minors. Auto insurance rates will tend to be higher because of the fact that there is a higher risk for drivers under 21, but overall those vehicles will probably have the lowest prices possible.
Locating low-priced insurance is easier said than done, and deciding which insurers offer the cheapest auto insurance rates for drivers under 21 takes a little more work. Each insurer has a proprietary method for determining prices, so let’s take a look at the most affordable auto insurance companies in Colorado.
It’s important to know that Denver auto insurance rates are based on many factors that control the price you pay for coverage. Things like having a birthday, buying a home instead of renting, or having an at-fault accident may prompt premium changes resulting in some rates now being cheaper in comparison to the competition.
Best Auto Insurance Prices for Minors
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $825 |
| 2 | Grange | $987 |
| 3 | USAA | $1,009 |
| 4 | Nationwide | $1,121 |
| 5 | GEICO | $1,176 |
| 6 | Travelers | $1,183 |
| 7 | Auto-Owners | $1,204 |
| 8 | State Farm | $1,209 |
| 9 | American Family | $1,314 |
| 10 | Progressive | $1,336 |
| 11 | Amica | $1,381 |
| 12 | California Casualty | $1,444 |
| 13 | Allied | $1,453 |
| 14 | Farmers | $1,565 |
| 15 | Colorado Farm Bureau | $1,576 |
| 16 | MetLife | $1,830 |
| 17 | Allstate | $2,015 |
| 18 | Encompass | $2,231 |
| 19 | Safeco | $2,522 |
| 20 | Titan | $2,711 |
| Quote Your Rates Go | ||
The Hartford offers some of the best car insurance rates in Denver at around $825 a year. Grange, USAA, Nationwide, and GEICO also are some of the most economical Denver, CO insurance companies.
As shown in the table above, if you currently have a policy with Nationwide and switched to Grange, you may see an annual savings of upwards of $134. Drivers with GEICO may save as much as $189 a year, and Travelers insureds might realize rate reductions of up to $196 a year.
If you would like to find cheaper car insurance rates, click here to get quotes or visit any of the companies below.
These estimates are averages across all insureds and vehicles and are not factoring in an exact vehicle garaging location for drivers under 21. So the insurer that has the cheapest rates for you may not even be in the top 21 companies in the list above. That points out the importance of why you need to get rate quotes from many companies using your own specific driver and vehicle information.
How accidents and tickets impact rates
The easiest method to snag affordable auto insurance premiums in Denver for minors is to pay attention while driving and avoid accidents and keep your driving record clean. The chart below illustrates how speeding tickets and at-fault collisions drive up yearly insurance costs for different categories of driver ages. The premiums are based on a married male driver, comprehensive and collision coverage, $500 deductibles, and no policy discounts are applied.
In the previous example, the average cost of auto insurance in Colorado per year with no accidents and a clean driving record is $1,411. Get one speeding ticket and the average cost increases to $1,623, an increase of $212 each year. Then throw in one accident along with the one speeding ticket and the annual cost of auto insurance for drivers under 21 increases to an average of $2,208. That’s an increase of $797, or $66 per month, just for being a careless driver!
Selecting a highly-rated insurance company can be challenging considering how many choices you have in Denver. The rank data displayed below could help you analyze which coverage providers you want to consider shopping your coverage with. These rankings are for companies with a national presence, so companies with more of a regional focus will not be included in these rankings.
Top 10 Major Auto Insurance Providers Overall in Denver
- USAA
- American Family
- State Farm
- The Hartford
- AAA Insurance
- GEICO
- The General
- Titan Insurance
- Progressive
- Allstate
Why are you paying too much for Denver car insurance?
Denver auto insurance rates are influenced by many factors that will increase or decrease the cost of coverage. Simply having a birthday, buying a different home, or getting a speeding ticket may prompt premium changes that can now make some companies more affordable than before.
Not only may your situation change, but auto insurance companies change their prices as often as every three months in order to protect their financial rating. Heavier than normal losses may result in price increases, while profitable underwriting may produce cheaper Denver car insurance rates.
For instance, the chart below demonstrates which company has the cheapest car insurance in Denver, CO for a 40-year-old female driver with a good driving record, no prior claims, and solid credit. When quoting prices based on her current risk profile, The Hartford quotes the lowest car insurance rates in Denver at $1,106 each year. This is $472 less than the average rate paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and Auto-Owners are also on the list of the most affordable Denver, CO auto insurance companies.
In this next rate comparison, we will give the driver from the first set of rates a claim surcharge, bad credit, and an imperfect driving record. Since every car insurance company uses their own formula for determining rates, analyzing rate quotes could now result in a different ranking of affordable Denver car insurance companies as shown below.
Travelers now has the lowest price on auto insurance in Denver, CO with State Farm, American Family, Progressive, and Grange now rounding out the top five. This example demonstrates why Denver drivers need to take the time to shop around when trying to find the most budget-friendly car insurance quotes for drivers under 21.
Insurance rates are calculated by many risk factors and can increase or decrease at any time, so the most economical company the last time you shopped your coverage around may now be one of the more expensive options.
If you aren’t clear which coverage you need and would like to have a consultation when trying to find lower insurance rates for drivers under 21, the agencies below are a good start to help you determine which car insurance company is the best fit. To locate an agency close to where you live, click the button at the bottom of the list.
Sorhage and James Insurance
1660 S Albion St # 1005 – Denver, CO 80222 – (303) 759-4551
Allstate Insurance: Denise Hoffman
535 16th St #350 – Denver, CO 80202 – (303) 628-0554
Madison Insurance Group
600 S Cherry St #900 – Denver, CO 80246 – (800) 636-6185
View more Denver, CO insurance agents
How to find low-cost car insurance for drivers under 21
Below you’ll find a few thrifty ideas that can help Denver drivers buy lower-cost coverage.
- Get cheaper liability coverage by choosing a safer vehicle
- Buying home and auto insurance together can earn discounts
- Violations like speeding or DUI increase rates
- Do not waste money insuring older vehicles for full coverage
- Maintain a safe distance and avoid accidents
- Avoid filing small claims
- Compare prices as often as possible
That last piece of advice is extraordinarily necessary, as was stressed in this write-up. Car insurance prices can change in a short period of time, so don’t be afraid to buy from a new company if you can find a cheaper rate. Being loyal to a particular company is commendable, but is isn’t recommended if it’s costing you hundreds of dollars year after year. In less than five minutes you could compare rates to find cheaper auto insurance for drivers under 21 in Denver.