The words “affordable” and “auto insurance” really shouldn’t be used in the same sentence, especially when looking for the best car insurance rates for teenage males. In an attempt to save some money, let’s lead off by showing you a few of the factors that determine auto insurance premiums, and find some ways to take the bite out of the next policy you buy.
One of the more important considerations that are looked at to determine the amount you pay for auto insurance is where you normally keep your vehicle in Denver. More densely populated places tend to have higher auto insurance costs, whereas areas with less congestion get the luxury of paying less.
The illustration below sorts the most expensive areas in Colorado for teenage males to buy auto insurance in. Denver is ranked at #2 with the yearly price of $1,397 for the average policyholder, which is about $116 each month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Pueblo | $1,455 |
| 2 | Denver | $1,397 |
| 3 | Aurora | $1,361 |
| 4 | Commerce City | $1,354 |
| 5 | Security-Widefield | $1,330 |
| 6 | Northglenn | $1,329 |
| 7 | Lakewood | $1,324 |
| 8 | Colorado Springs | $1,316 |
| 9 | Centennial | $1,304 |
| 10 | Arvada | $1,295 |
| 11 | Ken Caryl | $1,287 |
| 12 | Thornton | $1,281 |
| 13 | Highlands Ranch | $1,279 |
| 14 | Westminster | $1,272 |
| 15 | Castle Rock | $1,261 |
| 16 | Littleton | $1,254 |
| 17 | Brighton | $1,247 |
| 18 | Parker | $1,233 |
| 19 | Boulder | $1,195 |
| 20 | Broomfield | $1,167 |
| Get a Custom Quote Go | ||
Premium costs are comparative as the specific geographic location can impact prices considerably.
Finding cheap car insurance is not always easy, and deciding which companies quote the best auto insurance rates for teenage males will take even more work.
Each auto insurer has a proprietary method to establish rates, so we’ll go over the auto insurance companies with the most affordable rates in Denver. It’s important that readers know that Colorado auto insurance rates are calculated based on many things that may substantially change the price you pay. Things like getting older, having a teen driver, or getting into an accident may cause policy rate changes that can make some companies more expensive than others.
Best Car Insurance Prices for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $825 |
| 2 | Grange | $958 |
| 3 | USAA | $1,029 |
| 4 | Nationwide | $1,121 |
| 5 | Auto-Owners | $1,156 |
| 6 | GEICO | $1,176 |
| 7 | Travelers | $1,207 |
| 8 | State Farm | $1,259 |
| 9 | American Family | $1,262 |
| 10 | Progressive | $1,362 |
| 11 | Amica | $1,394 |
| 12 | Allied | $1,453 |
| 13 | California Casualty | $1,488 |
| 14 | Colorado Farm Bureau | $1,576 |
| 15 | Farmers | $1,629 |
| 16 | MetLife | $1,811 |
| 17 | Allstate | $1,994 |
| 18 | Encompass | $2,253 |
| 19 | Safeco | $2,447 |
| 20 | Titan | $2,711 |
| Compare Rates Now Go | ||
The Hartford has some of the cheapest car insurance rates in Denver at around $825 each year. This is $753 less than the average premium paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and Auto-Owners also rank well as some of the lowest-priced Denver, CO insurance companies.
In this example, if you are currently insured with Nationwide and switched to The Hartford, you might achieve an annual premium reduction of approximately $296. Drivers with Auto-Owners may save as much as $331 a year, and GEICO policyholders might see rate reductions of $351 a year.
Understand that those policy rates are averaged for all drivers and vehicles and and are not figured with an exact location for teenage males. So the insurer that fits your needs best may not even be in the top 21 companies in the list above. That’s why you need to get quotes using your own specific driver information and vehicle.
Auto insurance companies ranked
Picking the best insurance company can be a challenge considering how many different companies insure vehicles in Denver. The rank data listed below may help you select which auto insurers you want to consider purchasing coverage from.
These ratings are only comprised of the largest auto insurers in America, so companies that have a smaller presence are not included in this list. To get price quotes from these top insurers and more, click this link.
| 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 |
| Nationwide | 87 | 88 | 84 | 90% | A+ | 88.7 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
| Safeco | 85 | 85 | 85 | 86% | A | 85.8 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Does full coverage make sense?
Saving money when shopping for auto insurance is probably important to the majority of people, and an effective way to pay lower rates for insurance for teenage males is to not pay for full coverage. The chart below shows the comparison of insurance rates with liability coverage only compared to full coverage. The prices are based on no claims or violations, $250 deductibles, drivers are single, and no discounts are taken into consideration.
Averaged for all age groups, full coverage on your policy costs an additional $2,040 per year more than carrying just liability coverage. At some point, almost every driver questions if paying for full coverage is worth it. There is no set rule to delete physical damage insurance, but there is a broad guideline. If the annual cost of your full coverage insurance is 10% or more of the settlement you would receive from your company, then you might consider buying liability only.
Get discounts on Denver auto insurance
Car insurance companies that offer quotes for teenage males could also offer price discounts that can reduce rates by 35% or more if you can meet the requirements. A few popular companies and a selection of discounts are included below.
- The Hartford has discounts for vehicle fuel type, air bag, anti-theft, driver training, bundle, good student, and defensive driver.
- American Family offers discounts for TimeAway discount, defensive driver, good student, bundled insurance, air bags, mySafetyValet, and good driver.
- Progressive may offer discounts for online quote discount, good student, multi-vehicle, continuous coverage, and online signing.
- Travelers policyholders can earn discounts including save driver, multi-policy, continuous insurance, home ownership, payment discounts, and early quote.
- Farmers Insurance may have discounts that include good student, multi-car, switch companies, mature driver, and bundle discounts.
- USAA has savings for annual mileage, vehicle storage, good student, military installation, and loyalty savings.
- Liberty Mutual offers premium reductions for hybrid vehicle, new graduate, newly married, preferred payment discount, and teen driver discount.
The information below illustrates the comparison of car insurance costs with and without discounts being applied to the rates. The premiums assume a female driver, no accidents or driving violations, Colorado state minimum liability limits, full physical damage coverage, and $1,000 deductibles.
The first bar for each age group shows the price with no discounts. The second shows the rates with paperless filing, good student, vehicle safety, passive restraint, anti-theft, and paid-in-full discounts applied. With discounts applied, the average savings per year on auto insurance for teenage males is 28% or $498.
The insurance agencies below can help you determine which auto insurance coverages would be the best in your situation, as some drivers aren’t sure which coverage they need and prefer to have professional advice when shopping for cheaper insurance for teenage males. It can be challenging to find the best policy yourself, so a licensed agent can bring peace of mind knowing your policy gives you sufficient coverage for your assets. To find an auto insurance agency close to you, click the button link following the list.
Moody Insurance Agency
8055 E Tufts Ave #1000 – Denver, CO 80237 – (303) 824-6600
FUSA Insurance Agency
7900 E Union Ave #200 – Denver, CO 80237 – (303) 752-5806
Dagley Insurance and Financial Services Inc
2055 S Federal Blvd – Denver, CO 80219 – (303) 975-1229
All Insurance Agency
67 Knox Ct – Denver, CO 80219 – (303) 935-3661
Austin Domsch – State Farm Insurance Agent
400 S Colorado Blvd #890 – Denver, CO 80246 – (303) 321-0895
More insurance agents in Denver, CO
How to find more affordable auto insurance for teenage males
It’s not impossible to find cheaper rates, and here are some penny-pinching suggestions that can help drivers quote cheap coverage.
- Save money by observing traffic laws and speed limits
- Raise your physical damage coverage deductibles
- Accident-free drivers may qualify for discounts
- Full coverage is expensive so only insure older vehicles for liability only
- Pay less by remaining claim-free
- Compare quotes from other companies often
That last idea is extremely important, as was discussed in the article above. Coverage prices change constantly, so drivers shouldn’t be reluctant to buy from a different company if a better deal can be had.
Brand loyalty is great, but we do not recommend it if your bullheadedness ends up costing you money that could be going to better use. Now is a great time to compare prices and find cheaper auto insurance for teenage males in Denver.