After a few driving violations, one of the largest considerations that are looked at to determine the annual cost of car insurance is your zip code. Areas with increased crime or more people tend to have higher auto insurance costs, whereas areas that tend to be more rural have the enjoyment of a little cheaper coverage.
The table below lists the most expensive cities in Colorado after a speeding ticket to purchase a policy in. Denver is ranked at #3 with a yearly premium of $1,383 for the average policy, which is about $115 monthly.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Pueblo | $1,412 |
| 2 | Aurora | $1,403 |
| 3 | Denver | $1,383 |
| 4 | Lakewood | $1,365 |
| 5 | Security-Widefield | $1,330 |
| 6 | Colorado Springs | $1,329 |
| 7 | Commerce City | $1,328 |
| 8 | Thornton | $1,320 |
| 9 | Centennial | $1,317 |
| 10 | Littleton | $1,293 |
| 11 | Northglenn | $1,290 |
| 12 | Westminster | $1,284 |
| 13 | Ken Caryl | $1,274 |
| 14 | Parker | $1,257 |
| 15 | Arvada | $1,256 |
| 16 | Castle Rock | $1,248 |
| 17 | Highlands Ranch | $1,241 |
| 18 | Brighton | $1,235 |
| 19 | Broomfield | $1,179 |
| 20 | Boulder | $1,159 |
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Prices are comparative as the specific area where the vehicle is garaged can decrease or increase insurance rates noticeably.
Finding dependable, affordable insurance is tough enough, and determining which company quotes the most affordable insurance rates after a speeding ticket requires even more shopping around. Every insurance provider has a different formula to determine rates, so let’s rank the overall cheapest insurance companies in Denver, CO.
Keep in mind that Colorado insurance rates are impacted by many factors that may substantially change the policy premium. Improving your credit score, buying a newer car, or getting a ticket for careless driving can cause premium changes that can now make some companies more affordable than before.
Find Cheaper Auto Insurance with Licence Points
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $834 |
| 2 | Grange | $949 |
| 3 | USAA | $999 |
| 4 | Nationwide | $1,109 |
| 5 | GEICO | $1,141 |
| 6 | Auto-Owners | $1,168 |
| 7 | Travelers | $1,219 |
| 8 | State Farm | $1,259 |
| 9 | American Family | $1,301 |
| 10 | Progressive | $1,362 |
| 11 | Amica | $1,381 |
| 12 | California Casualty | $1,458 |
| 13 | Allied | $1,483 |
| 14 | Colorado Farm Bureau | $1,576 |
| 15 | Farmers | $1,581 |
| 16 | MetLife | $1,885 |
| 17 | Allstate | $1,994 |
| 18 | Encompass | $2,231 |
| 19 | Safeco | $2,547 |
| 20 | Titan | $2,657 |
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The Hartford has some of the cheapest car insurance rates in Denver at around $834 a year. This is $744 less than the average rate paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO would also make the list of some of the cheapest Denver, CO car insurance companies.
In the rate table above, if you currently have a policy with Nationwide and switched to Grange, you could earn savings of upwards of $160. Insureds with GEICO might save as much as $192 a year, and Auto-Owners insureds might lower prices by $219 a year.
To discover how much you can save, click here to start a quote or visit several of the following companies.
These prices are averaged across all insureds and vehicles and are not factoring in a specific location after a speeding ticket. So the company that can offer the best rates for your situation may not even be in the list above. That helps illustrate why you need to get rate quotes using your own driver and vehicle profiles.
The vehicle driven is a large consideration when comparing the cheapest car insurance after a speeding ticket. Vehicles with more horsepower, poor crash test ratings, or a high likelihood of having liability claims will cost significantly more to insure than more modest models. The list below ranks coverage rates for a handful of the most affordable vehicles to buy insurance for.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape Limited 2WD | $1,923 |
| Hyundai Elantra GLS Touring Station Wagon | $2,071 |
| Honda CR-V LX 2WD | $2,181 |
| Chevrolet Impala LS | $2,186 |
| Ford Focus SE 4-Dr Sedan | $2,192 |
| Toyota RAV4 2WD | $2,227 |
| Chevrolet Equinox LS 2WD | $2,234 |
| Jeep Grand Cherokee Laredo 4WD | $2,227 |
| Chevrolet Malibu Hybrid | $2,234 |
| Volkswagen Jetta S 4-Dr Sedan | $2,227 |
| Ford Explorer Eddie Bauer AWD | $2,269 |
| Ford F-150 STX Regular Cab 2WD | $2,274 |
| Toyota Prius | $2,298 |
| Chevrolet Silverado 2500HD LTZ Crew Cab 4WD | $2,389 |
| Dodge Ram Crew Cab ST 4WD | $2,423 |
| Chevrolet Silverado 3500HD LT Crew Cab 2WD | $2,433 |
| Toyota Tacoma 4WD | $2,436 |
| Nissan Rogue SL AWD | $2,501 |
| Dodge Grand Caravan Crew | $2,507 |
| GMC Sierra 2500HD SLT Extended Cab 4WD | $2,511 |
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Data assumes single female driver age 50, two speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, and claim-free. Rates do not factor in garaging location in Denver, CO which can revise insurance rates considerably.
Looking at the data, you can see that models like the Ford Escape, Hyundai Elantra, Honda CR-V, Chevrolet Impala, and Ford Focus will be a few of the most affordable vehicles to insure after a few driving violations.
The example below shows how choosing a deductible can impact annual premium costs when searching for cheap insurance after a speeding ticket. The rates are based on a single male driver, full physical damage coverage, and no policy discounts are applied.
The chart above illustrates that a 40-year-old driver could pocket $402 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $606 by choosing a $1,000 deductible. Younger drivers, like the 20-year-old category, could shave up to $1,332 or more just by using higher deductibles. When using a larger deductible, it’s a good idea to have additional funds in a savings account to be able to cover the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.
How accidents and violations affect rates
A great way to maintain the cheapest insurance premiums in Colorado after a few driving violations is to drive safely and avoid accidents and keep your driving record clean. The information below illustrates how traffic citations and accident claims can influence auto insurance costs for each different age group. The costs are based on a married male driver, full coverage, $250 deductibles, and no policy discounts are applied.
In the prior example, the average cost of an auto insurance policy per year with no accidents and a clean driving record is $1,576. Receive one speeding ticket and the average cost surges to $1,809, an increase of $234 each year. Now add one accident along with the one speeding ticket and the 12-month cost of insurance after a speeding ticket goes up to an average of $2,461. That’s an increase of $885, or $74 per month, just for not keeping your driving record clean!
Why you should be shopping around
Colorado insurance rates are based on many factors which can significantly increase or decrease the cost of a policy. Simply having another birthday, marrying your spouse, or getting caught speeding may cause policy rate changes that can cause some rates to be cheaper in comparison to the competition. Not only may your risk profile change, but companies file new Colorado auto insurance rates without warning to adjust for unexpected claims or profits. A period of increased losses may result in more expensive prices, while better underwriting can cause cheaper Denver car insurance rates.
The graph below analyzes the cheapest car insurance in Denver, CO for a 40-year-old female driver with a good driving record, no prior claims, and good financial standing. If we estimate rates based on her personal profile, The Hartford has the best car insurance rates in Denver at $1,117 per year. This is $461 less than the average rate paid by Colorado drivers of $1,578. Grange, USAA, GEICO, and Nationwide are the rest of the best Denver, CO auto insurance companies.
In this example, we will give the driver from the first set of rates some claims, a little lower credit rating, and a traffic citation. Because every insurance company has a unique formula for determining rates in each state, analyzing rates most likely will result in a slightly different list of the cheapest Denver car insurance companies as shown below.
Travelers now has the best car insurance rate in Denver with State Farm, American Family, Amica, and Progressive now rounding out the top five. This example illustrates why consumers need to take the time to compare many different companies when trying to find affordable insurance quotes after a speeding ticket.
Car insurance prices are impacted by many risk factors and change dramatically, so the most economical company six months ago may now cost much more than other companies.
If you aren’t sure which coverage to buy and prefer to have some advice when buying car insurance after a few driving violations, the professional agents shown below can provide answers to your questions and help you determine which is the best policy. To locate an agency close to where you live, click the button following the list or click here to compare rates now.
Henry Ham Agency, Inc
645 E Evans Ave – Denver, CO 80210 – (303) 744-1341
Bao Ngoc Nguyen – State Farm Insurance Agent
1699 S Federal Blvd b – Denver, CO 80219 – (303) 975-1100
Longevity Insurance Brokers
100 Fillmore St – Denver, CO 80206 – (720) 209-4598
Nationwide Insurance: Lloyd Pro Group Agency
1400 S Columbine St – Denver, CO 80210 – (970) 230-3020
American Family Insurance – Abbie Davis Tanner Agency Inc
2855 Speer Blvd Suite D – Denver, CO 80211 – (303) 333-0205
View more Denver, CO insurance agencies
Ideas to find budget-friendly car insurance after a speeding ticket
Lowering your rates is not difficult, and here are many thrifty suggestions that can help Colorado drivers locate lower-cost auto insurance.
- Avoid preventable accidents
- Drivers with good credit often pay less
- Do not get traffic tickets
- Safe vehicles generally have lower rates
- Remove physical damage coverage on older vehicles
- Increase your comprehensive and collision deductibles
- Comparison shop at least once a year
The final tip is extraordinarily vital, as we noted in the article above. Auto insurance prices fluctuate considerably, so don’t be hesitant to change to a new company if you can save money.
Many drivers tend to have loyalty to a certain company, but it’s not recommended if that devotion results in you overpaying hundreds of dollars year after year. In just a couple of minutes you could shop around and find cheaper auto insurance after a speeding ticket in Denver.