The words “low-priced” and “insurance” really shouldn’t be used in the same sentence, in particular when you are shopping around for the best car insurance for 18 year olds. Because of the high cost, let’s familiarize you with some situations that help determine insurance prices, and find some ways to reduce the cost of the next policy you buy.
Finding decent, affordable car insurance is not the easiest thing to accomplish, and finding out which insurers offer the best auto insurance rates for 18 year olds may require even more work. Every insurance provider uses their own method to set policy rates, so let’s rank the most affordable auto insurance companies in Denver, CO.
It’s a good idea to be aware that Colorado auto insurance rates are impacted by many things that can increase the price you pay. Simply turning a year older, buying a different vehicle, or getting into an accident can cause premium changes resulting in some companies being much cheaper than others.
Best Car Insurance Prices for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $859 |
| 2 | Grange | $978 |
| 3 | USAA | $1,039 |
| 4 | Nationwide | $1,143 |
| 5 | Auto-Owners | $1,168 |
| 6 | GEICO | $1,187 |
| 7 | State Farm | $1,209 |
| 8 | Travelers | $1,219 |
| 9 | American Family | $1,275 |
| 10 | Progressive | $1,336 |
| 11 | Amica | $1,340 |
| 12 | Allied | $1,453 |
| 13 | California Casualty | $1,488 |
| 14 | Farmers | $1,613 |
| 15 | Colorado Farm Bureau | $1,624 |
| 16 | MetLife | $1,830 |
| 17 | Allstate | $2,076 |
| 18 | Encompass | $2,187 |
| 19 | Safeco | $2,472 |
| 20 | Titan | $2,738 |
| View More Rates Go | ||
The Hartford offers some of the lowest car insurance rates in Denver at around $859 per year. Grange, USAA, Nationwide, and Auto-Owners would also be considered some of the cheapest Denver, CO auto insurance companies.
As shown in the table above, if you are insured with USAA and switched to The Hartford, you could see yearly savings of in the neighborhood of $180. Drivers with Nationwide might save as much as $284 a year, and Auto-Owners policyholders might cut rates by $309 a year.
To discover how much you can save, click here to start your custom quote or quote prices from the following companies.
Bear in mind that those policy rates are averaged for all drivers and vehicles in Colorado and do not factor in a specific location for 18 year olds. So the car insurance company that can offer the best rates for your situation may not even be in the list above. That point stresses why you need to get quotes using your own specific driver and vehicle information.
One of the many components that are looked at to determine the amount you pay each year for auto insurance is where you call home. Areas with a lot of weather claims or more people tend to have higher auto insurance costs, whereas areas with lower crime rates and fewer weather claims benefit from lower rates.
The following table sorts the most costly cities in Colorado for 18 year olds to purchase car insurance in. Denver makes the list at #3 with an annual cost of $1,383 for the average insured, which is about $115 each month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Pueblo | $1,455 |
| 2 | Aurora | $1,417 |
| 3 | Denver | $1,383 |
| 4 | Northglenn | $1,342 |
| 5 | Security-Widefield | $1,330 |
| 6 | Lakewood | $1,324 |
| 7 | Centennial | $1,317 |
| 8 | Colorado Springs | $1,316 |
| 9 | Commerce City | $1,314 |
| 10 | Ken Caryl | $1,313 |
| 11 | Littleton | $1,306 |
| 12 | Thornton | $1,281 |
| 13 | Brighton | $1,273 |
| 14 | Westminster | $1,272 |
| 15 | Arvada | $1,269 |
| 16 | Castle Rock | $1,248 |
| 17 | Highlands Ranch | $1,241 |
| 18 | Parker | $1,233 |
| 19 | Broomfield | $1,203 |
| 20 | Longmont | $1,168 |
| Find Cheaper Rates Go | ||
Information shown are approximated as specific location information can impact rates substantially.
Violations and accidents raise rates
One of the best ways to score affordable auto insurance rates in Denver for teen drivers is to be a careful driver and avoid accidents and traffic citations. The illustration below shows how violations and at-fault collisions increase car insurance rates for different insured age categories. The premium estimates are based on a married female driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied.
In the previous example, the average cost of auto insurance in Denver per year with no accidents and a clean driving record is $1,423. Receive two speeding tickets and the average cost swells to $2,022, an increase of $599 each year. Then add two accidents along with the two speeding tickets and the annual cost of auto insurance for 18 year olds jumps again to an average of $4,227. That’s an increase of $2,804, or $234 per month, just for not driving attentively!
The chart below illustrates how your choice of deductibles can affect yearly insurance costs when researching cheap insurance for 18 year olds. The premiums assume a married male driver, full coverage, and no discounts are factored in.
In the chart above, a 50-year-old driver could reduce rates by $244 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $370 by switching to a $1,000 deductible. Youthful drivers, like the 20-year-old category, could potentially save up to $814 each year by selecting a higher deductible.
When raising deductibles, it will now be necessary to have additional savings on hand to enable you to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
How to find more affordable insurance for 18 year olds
The list below shows many money-saving suggestions that can help Colorado drivers locate cheap coverage.
- Buying home and auto insurance together can earn discounts
- Buy a safer vehicle
- At-fault accidents will increase rates
- Avoid filing small claims
- Be a cautious driver
- Keep rates low by comparing prices once a year
That last idea is especially crucial, as was noted in this write-up. Prices charged by auto insurers in Denver can change in a short period of time, so don’t be hesitant to change to a new company if a cheaper price is available. Staying with the same car insurance company is fine, but it’s not recommended if that loyalty ends up costing big bucks every year. It only takes a couple minutes to shop around to find cheaper car insurance for 18 year olds.
If you aren’t sure which coverage to buy and prefer to get some professional input when shopping around for cheaper insurance for 18 year olds, the agents below can help you make a decision which car insurance policy is best. To locate an agency using an interactive map, click the button below the list.
- State Farm: Charles Insurance Agency
1165 S Broadway #114 – Denver, CO 80210 – (303) 777-7161 - Mile High Insurance Agency
4704 Harlan St #360 – Denver, CO 80212 – (303) 237-5445 - Hiram Licea – State Farm Insurance Agent
3600 Morrison Rd – Denver, CO 80219 – (303) 935-7475