For health professionals, one of the more important factors that determine auto insurance rates is where you keep your vehicle in Denver. More densely populated places are more likely to pay higher prices, whereas areas with fewer weather claims and lower vehicle theft rates get the luxury of paying less.
The next table rates the most expensive areas in Colorado for nurses to purchase auto insurance in. Denver comes in at #2 with an annual cost of $1,397 on average, which is about $116 each month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Pueblo | $1,397 |
| 2 | Denver | $1,397 |
| 3 | Lakewood | $1,365 |
| 4 | Aurora | $1,361 |
| 5 | Commerce City | $1,328 |
| 6 | Thornton | $1,307 |
| 7 | Security-Widefield | $1,304 |
| 8 | Northglenn | $1,290 |
| 9 | Ken Caryl | $1,287 |
| 10 | Westminster | $1,284 |
| 11 | Colorado Springs | $1,277 |
| 12 | Brighton | $1,273 |
| 13 | Littleton | $1,267 |
| 14 | Centennial | $1,265 |
| 15 | Arvada | $1,256 |
| 16 | Highlands Ranch | $1,229 |
| 17 | Castle Rock | $1,224 |
| 18 | Parker | $1,220 |
| 19 | Broomfield | $1,215 |
| 20 | Boulder | $1,195 |
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Premium amounts are comparative as zip code location can modify coverage prices substantially.
Trying to find low-cost auto insurance is hard enough, and deciding which insurers offer the cheapest car insurance rates for nurses takes a bit more work.
Every car insurance company uses different criteria to determine rates, so we need to take a look at the overall cheapest car insurance companies in Denver. It’s a good idea to know that Denver car insurance rates are influenced by many factors which can substantially change your annual premium. Improving your credit score, buying a home, or getting a couple of tickets may prompt premium changes resulting in some companies being more expensive than competitors.
Best Car Insurance Prices for Health Occupations
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $850 |
| 2 | Grange | $978 |
| 3 | USAA | $1,009 |
| 4 | Nationwide | $1,143 |
| 5 | GEICO | $1,176 |
| 6 | Travelers | $1,183 |
| 7 | Auto-Owners | $1,192 |
| 8 | State Farm | $1,259 |
| 9 | American Family | $1,314 |
| 10 | Progressive | $1,322 |
| 11 | Amica | $1,340 |
| 12 | California Casualty | $1,488 |
| 13 | Allied | $1,497 |
| 14 | Colorado Farm Bureau | $1,592 |
| 15 | Farmers | $1,629 |
| 16 | MetLife | $1,830 |
| 17 | Allstate | $2,076 |
| 18 | Encompass | $2,187 |
| 19 | Safeco | $2,547 |
| 20 | Titan | $2,657 |
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The Hartford quotes some of the cheapest car insurance rates in Denver at around $850 a year. This is $728 less than the average price paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO also are some of the most economical Denver, CO auto insurance companies.
In this example, if you currently have coverage with GEICO and switched to Grange, you might realize savings of roughly $198. Policyholders with Travelers might save as much as $205 a year, and Auto-Owners policyholders might reduce prices by as much as $214 a year.
Understand that those rates are averaged for all types of drivers and the different vehicles they drive and and are not calculated with a specific zip code for nurses. So the insurer that fits your age and vehicle best may not even be in the top 21 companies in the list above. That’s why you need to compare prices as often as possible using your own specific driver and vehicle information.
The diagram below demonstrates how deductible levels can impact annual premium costs when trying to find cheap insurance for nurses. The data is based on a married female driver, comprehensive and collision coverage, and no discounts are factored in.
The chart above illustrates that a 50-year-old driver could reduce rates by $324 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $488 by changing to a $1,000 deductible. Even younger insureds, such as the Age 20 example, could lower their rates $802 annually just by using higher deductibles.
When increasing deductibles, it is important to have plenty of discretionary funds to cover the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
Picking the top company can be challenging considering how many different companies insure vehicles in Colorado. The company ratings displayed below could help you analyze which auto insurance companies you want to consider when trying to find the cheapest insurance for nurses.
These ratings are for the largest companies in America, so companies that may only write in Colorado are not taken into consideration for these rankings. To get price quotes and find cheaper insurance for nurses, click here.
Top 10 Large Auto Insurance Providers Overall in Denver
- USAA
- American Family
- State Farm
- The Hartford
- AAA Insurance
- GEICO
- The General
- Titan Insurance
- Progressive
- Allstate
Top 10 Large Auto Insurance Providers in Denver Ranked by Claims Service
- State Farm
- Esurance
- AAA Insurance
- Progressive
- Liberty Mutual
- GEICO
- Allstate
- Titan Insurance
- The Hartford
- The General
What aren’t you shopping around?
Colorado car insurance rates are impacted by many things that will increase or decrease the price you have to pay for coverage. Simply having a birthday, buying a different vehicle, or having an accident can trigger changes in premium that can cause some rates to be more affordable than competitors. In addition, insurance companies file new Colorado auto insurance rates multiple times each year to ensure their profitability. Higher than normal claim frequency or severity may cause a rate increase, while profitable underwriting can result in cheaper Denver car insurance rates.
As an example, the bar chart below shows which companies have the cheapest car insurance in Denver, CO for a 35-year-old female driver with no prior accidents, a clean driving record, and a decent credit rating. Based on her current situation, The Hartford may offer the cheapest car insurance rates in Denver at $1,095 a year. This is $483 less than the average price paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO are also included in the cheapest Denver, CO auto insurance companies.
The chart below compares rates after we give the driver from the first example an accident surcharge, less-than-perfect credit, and a few blemishes on her driving record. Since each auto insurance company has their own process for setting prices, comparing prices will most likely result in a different ranking of cheap Denver auto insurance companies as shown below.
Auto-Owners now has the lowest price on auto insurance in Denver with State Farm, Grange, American Family, and Progressive now being in the top five. This illustrates why drivers need to perform an extensive rate comparison when trying to find the lowest car insurance rates for nurses.
Car insurance prices are calculated by many things and can change substantially, so the best option a year ago may now be quite expensive.