The vehicle model requiring coverage is one of the largest considerations when trying to find the most affordable coverage for single moms. Vehicles with reasonable performance levels, advanced safety features, or a low likelihood of liability claims will cost less to insure than fast, unsafe models. The list below shows insurance premiums for a number of the most budget-friendly vehicles to insure in Colorado.
Vehicle Insured | Estimated Cost for Full Coverage |
---|---|
Ford Explorer Eddie Bauer 2WD | $1,491 |
Honda CR-V LX 4WD | $1,520 |
Ford Escape Limited 2WD | $1,554 |
Dodge Grand Caravan Hero | $1,572 |
Toyota RAV4 Limited 4WD | $1,580 |
Jeep Wrangler Sport 4WD 2-Dr | $1,578 |
Honda Accord LX 4-Dr Sedan | $1,630 |
Toyota Corolla LE | $1,656 |
Ford Edge SE 2WD | $1,672 |
Toyota Prius | $1,682 |
Honda Civic Hybrid 4-Dr Sedan | $1,685 |
Volkswagen Jetta 2.0T 4-Dr Sedan | $1,690 |
Ford F-150 XLT Super Cab 2WD | $1,706 |
GMC Sierra 3500HD SLE Regular Cab 2WD | $1,716 |
Ford F-350 XLT Crew Cab Harley Edition 2WD | $1,745 |
Ford Fusion SEL AWD 4-Dr Sedan | $1,797 |
Toyota Camry LE | $1,800 |
Hyundai Elantra Blue 4-Dr Sedan | $1,860 |
GMC Sierra 2500HD SLT Extended Cab 2WD | $1,881 |
Honda Odyssey EX-L | $1,894 |
Dodge Ram Quad Cab Laramie 4WD | $1,913 |
Chevrolet Malibu Hybrid | $1,926 |
Toyota Tacoma Double Cab 4WD | $1,933 |
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Prices above based on single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Rate quotes do not factor in specific garaging location which can modify coverage prices significantly.
Based upon the rates shown, you can expect vehicles like the Ford Explorer, Honda CR-V, and Ford Escape are most likely going to be some of the cheaper vehicles to insure for single parents.
Establishing which company has the cheapest auto insurance rates for single moms will require a bit more effort than just getting one or two price quotes.
Each company uses their own method to set policy rates, so we’ll take a look at the most competitive auto insurance companies in Denver.
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Rank | Company | Cost Per Year |
---|---|---|
1 | The Hartford | $859 |
2 | Grange | $978 |
3 | USAA | $1,039 |
4 | Nationwide | $1,143 |
5 | GEICO | $1,176 |
6 | Auto-Owners | $1,204 |
7 | Travelers | $1,219 |
8 | State Farm | $1,246 |
9 | American Family | $1,314 |
10 | Progressive | $1,362 |
11 | Amica | $1,381 |
12 | California Casualty | $1,444 |
13 | Allied | $1,483 |
14 | Farmers | $1,565 |
15 | Colorado Farm Bureau | $1,576 |
16 | MetLife | $1,885 |
17 | Allstate | $1,994 |
18 | Encompass | $2,231 |
19 | Safeco | $2,547 |
20 | Titan | $2,711 |
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The Hartford may offer some of the best car insurance rates in Denver at around $859 a year. This is $719 less than the average rate paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO would also be considered some of the more affordable Denver, CO insurance companies.
As the example above demonstrates, if you buy coverage from Nationwide and switched to The Hartford, you might realize savings of approximately $284. Policyholders with GEICO may save as much as $317 a year, and Auto-Owners policyholders might reduce rates by $345 a year.
Bear in mind that those premium estimates are averaged across all insureds and vehicles and and are not figured with an exact location for single moms. So the car insurance company that fits your age and vehicle best may not even be in the list above. That’s why you need to quote rates from many companies using your own individual information.
One of the more important criteria that determine the annual cost of car insurance is where your car is garaged in Denver. Cities with larger populations or higher claim trends will most likely have higher rates, whereas areas with lower crime rates and fewer weather claims have the benefit of cheaper car insurance.
The next table rates the highest-priced places in Colorado for single moms in which to buy car insurance. Denver comes in at #2 with the annual price of $1,383 for the average insurance policy, which is about $115 each month.
Rank | City | Premium Per Year |
---|---|---|
1 | Pueblo | $1,455 |
2 | Denver | $1,383 |
3 | Lakewood | $1,378 |
4 | Aurora | $1,361 |
5 | Commerce City | $1,354 |
6 | Security-Widefield | $1,343 |
7 | Northglenn | $1,342 |
8 | Colorado Springs | $1,316 |
9 | Ken Caryl | $1,287 |
10 | Westminster | $1,284 |
11 | Centennial | $1,278 |
12 | Arvada | $1,269 |
13 | Thornton | $1,268 |
14 | Littleton | $1,254 |
15 | Castle Rock | $1,248 |
16 | Brighton | $1,247 |
17 | Highlands Ranch | $1,241 |
18 | Parker | $1,233 |
19 | Broomfield | $1,203 |
20 | Boulder | $1,171 |
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Annual rates are comparative as specific Denver zip code can decrease or increase insurance rates greatly.
The chart below shows how choosing a deductible can impact annual premium costs when searching for cheap insurance for single moms. The data is based on a single male driver, comp and collision included, and no additional discounts are factored in.
In the chart above, a 40-year-old driver could lower rates by $290 a year by increasing from a $100 deductible up to a $500 deductible, or save $436 by selecting a $1,000 deductible. Even younger drivers, such as the 20-year-old chart data, could lower their rates as much as $948 every year just by using higher deductibles. When using a larger deductible, it is necessary to have enough funds in savings to allow you to cover the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
Colorado auto insurance companies ranked
Selecting the best insurer can be difficult considering how many choices there are in Colorado. The ranking data in the lists below could help you choose which insurers to look at when shopping insurance around for single moms.
The ratings below are only made up of the companies with a significant amount of written premium nationwide, so companies that only write business in Colorado or surrounding areas are not included in the list. If you’d like to compare prices from many more Colorado auto insurance companies, simply click here.
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 |
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Data Source: Insure.com Best Car Insurance Companies
How violations and accidents impact rates
The common sense way to obtain good auto insurance prices in Denver for single parents is to drive attentively and avoid accidents and violations. The example below highlights how traffic violations and at-fault fender-benders can raise insurance costs for different age groups. The rate quotes are based on a married male driver, comprehensive and collision coverage, $1,000 deductibles, and no additional discounts are factored in.
The data charted above shows the average cost of an auto insurance policy in Colorado per year with no violations or accidents is $1,692. Get written up for two speeding tickets and the average cost jumps to $2,326, an increase of $634 each year. Now include one accident along with the two speeding tickets and the 12-month cost of auto insurance for single moms goes up to an average of $2,973. That’s an increase of $1,281, or $107 per month, just for not driving attentively!
If you have coverage questions and would like to have the advice of a professional agent when buying car insurance for single moms, the agents listed below can probably help you make a decision which car insurance policy is best.
To find a Denver insurance agent in your neighborhood, click the button after the list.
- Todd Savage – State Farm Insurance Agent
2401 E 6th Ave – Denver, CO 80206 – (303) 722-1139 - All Insurance Agency
67 Knox Ct – Denver, CO 80219 – (303) 935-3661 - Mile High Insurance Agency
4704 Harlan St #360 – Denver, CO 80212 – (303) 237-5445 - Caramel Russell-Rouse – State Farm Insurance Agent
999 S Monaco Pkwy #200 – Denver, CO 80224 – (303) 424-0420 - Allstate Insurance: Paul Novak
3900 E Mexico Ave # 105 – Denver, CO 80210 – (303) 320-7859