Deciphering which companies offer the cheapest car insurance rates for handicapped drivers calls for more time than just comparing a company or two. Each auto insurance company uses their own method to determine premium rates, so let’s take a look at the most affordable car insurance companies in Colorado.
It’s important that readers know that Denver, CO car insurance rates are impacted by many factors which can significantly increase or decrease the policy price. Improving your credit score, increasing liability limits, or having an accident can trigger rate changes that can cause some rates to be cheaper than before.
Best Cheap Insurance Rates in Colorado
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $834 |
| 2 | Grange | $958 |
| 3 | USAA | $1,009 |
| 4 | Nationwide | $1,143 |
| 5 | Travelers | $1,171 |
| 6 | GEICO | $1,187 |
| 7 | Auto-Owners | $1,192 |
| 8 | State Farm | $1,246 |
| 9 | American Family | $1,314 |
| 10 | Amica | $1,340 |
| 11 | Progressive | $1,362 |
| 12 | California Casualty | $1,444 |
| 13 | Allied | $1,483 |
| 14 | Colorado Farm Bureau | $1,592 |
| 15 | Farmers | $1,629 |
| 16 | MetLife | $1,811 |
| 17 | Allstate | $2,055 |
| 18 | Encompass | $2,231 |
| 19 | Safeco | $2,447 |
| 20 | Titan | $2,630 |
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The Hartford may have some of the most affordable car insurance rates in Denver at around $834 annually. This is $744 less than the average rate paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and Travelers also are some of the cheapest Denver, CO insurance companies.
In the above rates, if you are a customer of USAA and switched to The Hartford, you could realize an annual savings of around $175. Colorado drivers with Nationwide could save as much as $309 a year, and Travelers customers might see rate reductions of $337 a year.
It’s important to note that these premiums are averaged across all ages of drivers and types of vehicles and and are not figured with an exact vehicle garaging location for handicapped drivers. So the insurer that can offer the best rates for your situation may not even be in the top 21 companies in the list above. That helps illustrate why you need to compare as many prices as possible using your own personalized driver profile and vehicle information.
One of the more important components that help determine the annual cost of car insurance is where your car is garaged in Denver. Areas with a lot of weather claims or more people will most likely pay more, whereas less populated areas have the gratification of cheaper auto insurance rates.
The information below rates the most expensive areas in Colorado for handicapped drivers in which to buy car insurance. Denver makes the list at #3 with the yearly price of $1,397 for coverage, which is about $116 monthly.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Pueblo | $1,455 |
| 2 | Aurora | $1,403 |
| 3 | Denver | $1,397 |
| 4 | Lakewood | $1,378 |
| 5 | Northglenn | $1,342 |
| 6 | Security-Widefield | $1,330 |
| 7 | Colorado Springs | $1,329 |
| 8 | Commerce City | $1,328 |
| 9 | Ken Caryl | $1,326 |
| 10 | Thornton | $1,307 |
| 11 | Littleton | $1,293 |
| 12 | Brighton | $1,285 |
| 13 | Highlands Ranch | $1,279 |
| 14 | Centennial | $1,265 |
| 15 | Parker | $1,257 |
| 16 | Arvada | $1,256 |
| 17 | Westminster | $1,246 |
| 18 | Castle Rock | $1,224 |
| 19 | Boulder | $1,195 |
| 20 | Broomfield | $1,179 |
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Information shown are approximated as the specific garaging location can raise or lower coverage rates greatly.
Choosing a highly-rated insurance provider can be a challenge considering how many choices drivers have in Denver. The company information in the next section could help you choose which insurers to look at when shopping insurance around for handicapped drivers. The rankings below are only made up of companies who write in the majority of U.S. states, so companies that focus mainly on Colorado business are not included in this list.
Top 10 Large Auto Insurance Providers in Denver Ranked by Value
- USAA
- American Family
- The Hartford
- Titan Insurance
- The General
- AAA Insurance
- State Farm
- Nationwide
- Safeco
- Esurance
Top 10 Large Auto Insurance Providers in Denver Ranked by Customer Satisfaction
- Titan Insurance – 95%
- USAA – 94%
- AAA Insurance – 91%
- Nationwide – 90%
- State Farm – 90%
- The Hartford – 89%
- GEICO – 89%
- Allstate – 88%
- 21st Century – 88%
- The General – 88%
Liability-only versus full coverage
Saving money on car insurance is the goal of the majority of drivers, and one easy way to lower the cost of insurance for handicapped drivers is to not buy comprehensive and collision coverage. The example below shows the comparison of annual premium costs with full coverage and liability only. The costs are based on no driving violations, no at-fault accidents, $1,000 deductibles, single marital status, and no discounts are taken into consideration.
Averaged for all ages 20 through 70, full coverage costs $1,967 per year more than insuring for liability only. A very common question is if buying full coverage is worth the money. There is no set guideline of when to drop physical damage insurance, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is more than around 10% of the settlement you would receive from your company, then it might be time to buy liability only.
For example, let’s pretend your vehicle’s replacement value is $6,500 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would receive is $5,500 after the deductible is paid. If you are paying more than $550 a year to have full coverage, then it might be time to buy liability only.
Get discounts on Denver insurance rates
Car insurance companies that offer coverage for handicapped drivers may additionally offer premium discounts that could lower prices by as much as 30% if you meet specific eligibility requirements. The best car insurance companies and a partial list of their discounts can be found below.
- Progressive may offer discounts for good student, online signing, homeowner, multi-vehicle, continuous coverage, and online quote discount.
- Farmers Insurance offers discounts for bundle discounts, multi-car, homeowner, mature driver, and pay in full.
- Farm Bureau offers discounts including 55 and retired, safe driver, renewal discount, multi-vehicle, good student, and youthful driver.
- State Farm has savings for multiple autos, good driver, Drive Safe & Save, good student, safe vehicle, and multiple policy.
- GEICO has discounts for defensive driver, anti-theft, air bags, daytime running lights, membership and employees, multi-policy, and federal employee.
- SAFECO may include discounts for drive less, safe driver, teen safety rewards, bundle discounts, multi-car, and anti-lock brakes.
- Liberty Mutual may have discounts that include multi-policy, exclusive group savings, new graduate, hybrid vehicle, newly married, multi-car, and preferred payment discount.
The information below shows the difference between insurance premiums with and without discounts being applied to the rates. The price estimates are based on a female driver, no claims, a clean driving record, Colorado state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with defensive driving course, safe-driver, anti-theft, passive restraint, homeowner, and multiple vehicle discounts applied. When drivers take advantage of discounts, theaverage amount saved on car insurance for handicapped drivers is 28% or $528.
Why you should shop around
Denver, CO car insurance rates are calculated based on many things that will increase or decrease the policy price. Turning one year older, marrying your spouse, or getting a ticket for running a stop sign can trigger changes in premium that can make some companies cheaper in comparison to the competition.
Additionally, insurers change premium rates at least once a year in order to protect their financial rating. A period of increased losses may result in rate increases, while a lower level of claims can cause cheaper Denver car insurance rates.
The graph below analyzes the cheapest car insurance in Denver, CO for a 35-year-old female driver with no accidents, a clean driving record, and a high credit rating. When comparing rates based on her personal profile, The Hartford might quote the cheapest car insurance rates in Denver at $1,091 each year. This is $487 less than the average premium paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO are the remaining top five cheapest Denver, CO auto insurance companies.
Let’s now give the driver from the first set of rates some claims, a little lower credit rating, and a speeding ticket. Due to the fact that every auto insurer uses their own method to set policy rates, getting updated rate quotes could result in a completely different list of the cheapest companies as shown below.
Travelers now has the cheapest car insurance in Denver, CO with State Farm, American Family, Grange, and Amica completing the list. This example illustrates why it is important to shop around when trying to get the lowest insurance rates for handicapped drivers. Prices consist of many factors and can decrease or increase without notice, so the best price six months ago may now be priced much higher than other options.