For high risk drivers, one of the big considerations that aid in calculating car insurance rates is your address in Denver. Areas with high crime rates or more dense population tend to have more expensive auto insurance rates, whereas areas with less people or fewer weather incidents receive better rates.
The following table rates the most expensive places in Colorado for high risk drivers to buy an auto insurance policy in. Denver makes the list at #1 with the annual price of $1,439 for the average insured, which is around $120 monthly.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Denver | $1,439 |
| 2 | Aurora | $1,417 |
| 3 | Pueblo | $1,412 |
| 4 | Commerce City | $1,354 |
| 5 | Lakewood | $1,337 |
| 6 | Northglenn | $1,329 |
| 7 | Arvada | $1,308 |
| 8 | Thornton | $1,307 |
| 9 | Security-Widefield | $1,304 |
| 10 | Littleton | $1,293 |
| 11 | Westminster | $1,284 |
| 12 | Colorado Springs | $1,277 |
| 13 | Ken Caryl | $1,274 |
| 14 | Parker | $1,270 |
| 15 | Centennial | $1,265 |
| 16 | Brighton | $1,247 |
| 17 | Highlands Ranch | $1,229 |
| 18 | Castle Rock | $1,224 |
| 19 | Broomfield | $1,179 |
| 20 | Boulder | $1,159 |
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Rate information is approximated as specific location information can raise or lower coverage prices considerably.
The make and model of vehicle to be insured is one of the biggest factors that determines whether or not you can buy the cheapest coverage for high risk drivers. Vehicles with limited top-end speed, good crash test ratings, or a track record of few liability claims will cost substantially less to insure than high performance models. The list below illustrates insurance premiums for a selection of the more affordable vehicles to buy coverage for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 2WD | $4,911 |
| Ford Escape XLT 2WD | $4,921 |
| Honda Accord LX-P 4-Dr Sedan | $5,059 |
| Hyundai Elantra SE Touring Station Wagon | $5,398 |
| Toyota Prius | $5,506 |
| Ford F-150 FX2 Super Cab 2WD | $5,546 |
| Volkswagen Jetta 2.0T Station Wagon | $5,554 |
| Honda Odyssey EX | $5,757 |
| Ford Edge SE AWD | $5,929 |
| Ford Focus S 4-Dr Sedan | $5,982 |
| Toyota RAV4 Limited 2WD | $5,990 |
| Nissan Altima 2.5 4-Dr Sedan | $5,999 |
| Jeep Grand Cherokee Laredo 4WD | $6,048 |
| Chevrolet Malibu LS | $6,054 |
| Ford Fusion S 4-Dr Sedan | $6,048 |
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Prices above based on 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-policy, and multi-vehicle. Estimates do not factor in specific garaging location which can alter rates noticeably.
Looking at the data, cars like the Honda CR-V, Ford Escape, and Honda Accord are going to be some of the most economical vehicles to insure for high risk drivers. The price for an auto insurance policy will be more expensive just because there is more claim risk for high risk drivers, but overall those vehicles will probably have the least expensive rates compared to all other vehicles.
Deciding which companies quote the most affordable car insurance rates for high risk drivers takes a bit more effort than just comparing rates from one or two companies. Each insurance company has a different formula to set premium rates, so let’s rank the car insurance companies with the overall best prices in Colorado.
Find Cheaper Auto Insurance for Risky Drivers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $825 |
| 2 | Grange | $958 |
| 3 | USAA | $1,039 |
| 4 | GEICO | $1,141 |
| 5 | Nationwide | $1,155 |
| 6 | Auto-Owners | $1,156 |
| 7 | Travelers | $1,219 |
| 8 | State Farm | $1,259 |
| 9 | American Family | $1,275 |
| 10 | Progressive | $1,336 |
| 11 | Amica | $1,394 |
| 12 | Allied | $1,439 |
| 13 | California Casualty | $1,488 |
| 14 | Farmers | $1,565 |
| 15 | Colorado Farm Bureau | $1,640 |
| 16 | MetLife | $1,885 |
| 17 | Allstate | $2,055 |
| 18 | Encompass | $2,253 |
| 19 | Safeco | $2,522 |
| 20 | Titan | $2,630 |
| Quote Your Rates Go | ||
The Hartford offers some of the most affordable car insurance rates in Denver at around $825 a year. This is $753 less than the average premium paid by Colorado drivers of $1,578. Grange, USAA, GEICO, and Nationwide also are some of the lowest-priced Denver, CO insurance companies.
As shown above, if you are currently insured with GEICO and switched to Grange, you might realize a yearly price reduction of about $183. Customers with Nationwide may save as much as $197 a year, and Auto-Owners customers might realize rate reductions of up to $198 a year.
If you want to see how much you could save, click here to get a free quote or click through to the companies below.
Bear in mind that those rates are averaged for all types of insureds and vehicles and do not factor in an exact zip code location for high risk drivers. So the insurer that can offer you the best price may not even be in the top 21 companies shown above. That is why you need to get auto insurance quotes using your own driver and vehicle profiles.
Finding a high-quality auto insurance company can be challenging considering how many companies there are to choose from in Denver. The company rank data shown below can help you choose which car insurance providers to look at when comparing rate quotes. These rankings are only comprised of large nationwide companies, so companies with more of a regional focus will not be included in the list.
Top 10 Large Auto Insurance Companies Overall in Denver
- USAA
- American Family
- State Farm
- The Hartford
- AAA Insurance
- GEICO
- The General
- Titan Insurance
- Progressive
- Allstate
Top 10 Large Auto Insurance Companies in Denver Ranked by Value
- USAA
- American Family
- The Hartford
- Titan Insurance
- The General
- AAA Insurance
- State Farm
- Nationwide
- Safeco
- Esurance
Reckless driving habits raise Denver car insurance rates
The easiest way to earn affordable car insurance rates in Colorado for high risk drivers is to drive safe and avoid accidents and traffic violations. The diagram below shows how traffic citations and at-fault fender-benders can drive up premium costs for each different age category. The prices are based on a married female driver, comp and collision included, $500 deductibles, and no other discounts are factored in.
The data above shows the average cost of car insurance per year with no accidents or violations is $1,396. Receive one speeding ticket and the average cost swells to $1,626, an increase of $230 each year. Now add in one accident along with the one speeding ticket and the annual cost of car insurance for high risk drivers increases to an average of $2,269. That’s an increase of $873, or $73 per month, just for not driving attentively!
The example below illustrates how your deductible choice can impact annual premium costs when researching cheap insurance for high risk drivers. The premium estimates are based on a single female driver, full physical damage coverage, and no policy discounts are applied.
The chart above illustrates that a 30-year-old driver could lower their car insurance rates by $432 a year by switching from a $100 deductible up to a $500 deductible, or save $648 by selecting a $1,000 deductible. Younger drivers, like the 20-year-old category, could shave up to $966 or even more just by choosing larger deductibles. When increasing deductibles, it’s a good idea to have spare funds to enable you to cover the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
How to find low-cost auto insurance for high risk drivers
The list below summarizes many money-saving suggestions that can help Colorado drivers buy lower-cost coverage.
- Drivers with good credit often pay less
- Buy vehicles with good safety ratings
- Raise physical damage deductibles
- Violations and traffic tickets increase rates
- Avoid at-fault accidents and claims
- Compare quotes from other companies often
The last idea is certainly vital, as we pointed out in the prior information. Prices charged by car insurance companies can be adjusted at any time, so drivers shouldn’t be reluctant to switch companies if a lower-cost policy is available.
Many drivers prefer to stick with one company, but it’s not a good idea if that stubbornness costs you hundreds of dollars year after year. In just a few minutes you could shop around to find cheaper car insurance for high risk drivers in Denver.
If you have coverage questions and would like to have a little guidance when comparing insurance rates for high risk drivers, the agents below can most likely provide answers to your questions and help you determine which coverages you need.
To locate a Denver auto insurance agent using an interactive map, click the button at the bottom of the list or click here to get price quotes now.
- Allstate Insurance: Paul Novak
3900 E Mexico Ave # 105 – Denver, CO 80210 – (303) 320-7859 - Gonzalez Insurance Agency
6450 E Colfax Ave – Denver, CO 80220 – (303) 320-4901 - Aspen Insurance Agency
2238 S Broadway – Denver, CO 80210 – (303) 777-2991 - Don Middleton – State Farm Insurance Agent
1900 Wazee St #1538 – Denver, CO 80202 – (303) 595-5500