The words “affordable” and “insurance” probably shouldn’t be used together, specifically when you are trying to find the cheapest car insurance for government employees. Because it’s so expensive, let’s introduce you to some of the factors that significantly impact auto insurance premiums, and come up with some ways to lower the price of the next policy you buy.
Locating low-cost insurance is tough enough, and figuring out which companies quote the best insurance rates for government employees will take additional perseverance.
Every car insurance company uses slightly different criteria for determining rates, so first we will examine the insurance companies that tend to be cheaper in Colorado. It’s important to know that Denver insurance rates are based on many factors which can substantially change the price you have to pay. This price variation is why it is crucial to compare rates to find the most economical insurance quotes for government employees. Insurance prices are impacted by many different factors and can change substantially, so the cheapest option six months ago may now cost much more than other companies.
Lowest Insurance Price Quotes in Colorado
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $825 |
| 2 | Grange | $949 |
| 3 | USAA | $1,029 |
| 4 | Nationwide | $1,109 |
| 5 | Travelers | $1,171 |
| 6 | GEICO | $1,187 |
| 7 | Auto-Owners | $1,192 |
| 8 | State Farm | $1,246 |
| 9 | American Family | $1,314 |
| 10 | Progressive | $1,336 |
| 11 | Amica | $1,340 |
| 12 | Allied | $1,439 |
| 13 | California Casualty | $1,458 |
| 14 | Colorado Farm Bureau | $1,576 |
| 15 | Farmers | $1,581 |
| 16 | MetLife | $1,830 |
| 17 | Allstate | $2,076 |
| 18 | Encompass | $2,187 |
| 19 | Safeco | $2,447 |
| 20 | Titan | $2,630 |
| Find Cheaper Rates Go | ||
The Hartford may offer some of the lowest car insurance rates in Denver at around $825 each year. This is $753 less than the average price paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and Travelers would also be considered some of the best Denver, CO insurance companies.
As the rates illustrate above, if you have coverage with USAA and switched to The Hartford, you might achieve annual savings of approximately $204. Colorado drivers with Nationwide may save as much as $284 a year, and Travelers policyholders might see rate reductions of $346 a year.
Understand that those rates are averages across all drivers and vehicles and are not factoring in an exact zip code location for government employees. So the company that can offer you the best rate may not even be in the top 21 companies shown above. That is why you need to compare as many prices as possible using your own individual information.
One of the many components that are used to help calculate the annual cost of car insurance is where you keep your car. Areas with a lot of weather claims or more people tend to have more expensive car insurance rates, whereas areas that tend to be more rural benefit from having to pay less for coverage.
The following table lists the priciest cities in Colorado for government employees to buy car insurance in. Denver is listed at #2 costing $1,383 for coverage, which is about $115 monthly.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Pueblo | $1,455 |
| 2 | Denver | $1,383 |
| 3 | Lakewood | $1,378 |
| 4 | Aurora | $1,375 |
| 5 | Commerce City | $1,354 |
| 6 | Security-Widefield | $1,343 |
| 7 | Northglenn | $1,329 |
| 8 | Thornton | $1,320 |
| 9 | Centennial | $1,317 |
| 10 | Brighton | $1,285 |
| 11 | Colorado Springs | $1,277 |
| 12 | Ken Caryl | $1,274 |
| 13 | Parker | $1,270 |
| 14 | Littleton | $1,267 |
| 15 | Highlands Ranch | $1,267 |
| 16 | Castle Rock | $1,261 |
| 17 | Arvada | $1,256 |
| 18 | Westminster | $1,246 |
| 19 | Broomfield | $1,203 |
| 20 | Boulder | $1,159 |
| 21 | Grand Junction | $1,154 |
| 22 | Longmont | $1,133 |
| 23 | Greeley | $1,122 |
| 24 | Loveland | $1,063 |
| 25 | Fort Collins | $1,056 |
| Compare Rates Now Go | ||
Premium costs are comparative as the specific garaging location can change price quotes considerably.
The type of vehicle that is being insured is one of the main factors when looking for affordable auto insurance for government employees. Vehicles with high performance features, a lack of modern safety features, or a history of substantial liability claims will cost substantially more to insure than safer, lower-performance models.
The table below shows coverage premiums for the most economical vehicles to insure.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 2WD | $1,328 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $1,461 |
| Chevrolet Impala LS | $1,545 |
| Toyota RAV4 Sport 4WD | $1,576 |
| Volkswagen Jetta LE 4-Dr Sedan | $1,582 |
| Dodge Grand Caravan Crew | $1,605 |
| Ford Escape XLT 2WD | $1,631 |
| Hyundai Elantra GLS 4-Dr Sedan | $1,658 |
| Toyota Prius | $1,686 |
| GMC Sierra 2500HD SLE Regular Cab 4WD | $1,693 |
| Nissan Rogue SL 2WD | $1,692 |
| Toyota Camry Hybrid | $1,802 |
| Toyota Camry Hybrid | $1,811 |
| Start a Quote Go | |
Table data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Price information does not factor in Denver, CO location which can increase or decrease premiums substantially.
Based on these rates, we can expect models like the Honda CR-V, Jeep Wrangler, and Chevrolet Impala will be some of the most economical vehicles to insure for state and federal workers.
The information below shows how choosing a deductible can impact insurance costs when getting quotes for cheap insurance for government employees. The rate quotes are based on a married male driver, full physical damage coverage, and no discounts are factored in.
As shown above, a 40-year-old driver could lower rates by $244 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $370 by using a $1,000 deductible. Youthful drivers, like the 20-year-old category, could drop their prices as much as $814 every year by choosing a larger deductible amount.
When raising deductibles, it will be required to have additional funds in a savings account to enable you to pay the extra out-of-pocket expense that is associated with using high deductibles.
Discounts on Denver auto insurance
Auto insurance companies that provide coverage for government employees may also offer discounts that can reduce rates by 30% or more if you are eligible for them. A list of insurance companies and some of the premium reductions they offer are outlined below.
- State Farm policyholders can earn discounts including Drive Safe & Save, driver’s education, accident-free, anti-theft, student away at school, and defensive driving training.
- Progressive offers premium reductions for good student, continuous coverage, multi-policy, online quote discount, homeowner, and online signing.
- Progressive offers discounts for online signing, online quote discount, homeowner, multi-policy, continuous coverage, and good student.
- MetLife may offer discounts for claim-free, good driver, accident-free, multi-policy, good student, defensive driver
- Farm Bureau discounts include renewal discount, multi-policy, 55 and retired, safe driver, and driver training.
- GEICO includes discounts for anti-lock brakes, membership and employees, multi-policy, daytime running lights, military active duty, anti-theft, and multi-vehicle.
- SAFECO has savings for drive less, homeowner, anti-theft, teen safety rewards, safe driver, and bundle discounts.
The chart below shows the difference between insurance premiums with and without discounts being applied to the rates. The information is based on a male driver, no claims or violations, Colorado state minimum liability limits, full physical damage coverage, and $250 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with passive restraint, homeowner, multiple vehicle, marriage, anti-theft, and multiple policy discounts applied. With discounts applied, theaverage amount saved on insurance for government employees is 28% or $562.
Should you buy full coverage?
Paying less for insurance is probably important to the majority of vehicle owners, and an effective way to find cheap insurance for government employees is to only pay for liability coverage. The illustration below illustrates the difference between insurance costs with full coverage and liability only. The rates are based on a clean driving record, no at-fault accidents, $1,000 deductibles, marital status is single, and no discounts are factored in.
If we average the cost for all age groups, full coverage on your policy costs an additional $1,598 per year over having just liability coverage. That proposes the question if buying full coverage is a good investment. There is no set guideline for excluding physical damage coverage, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than around 10% of the replacement cost minus the deductible, then it’s probably a good time to buy liability coverage only.
How to find budget-friendly insurance for government employees
The list below shows a few penny-pinching suggestions that can help you quote lower-cost auto insurance.
- Drive a car with a high safety rating
- Frequent claims may make car insurance unaffordable
- Being accident-free can lower rates significantly
- Bundle home or renters insurance to earn a discount on car insurance
- Ensure your driving record is clean
- Compare rates regularly and switch companies to save money
The last tip is remarkably necessary, as was noted in the prior information. Car insurance rates in Denver adjust often, so don’t be hesitant to change insurance companies if a more affordable rate is found. Having a favorite company is great, but it isn’t a good idea if that stubbornness costs you hundreds every year. It takes less than five minutes to compare prices and find cheaper insurance for government employees.
If you wish to get some help when trying to find the best insurance rates for state and federal workers, the agencies below are willing to aid you in deciding which coverage fits your budget.
To find a Denver insurance agency close to you, click the link after the list.
Dagley Insurance and Financial Services Inc
2055 S Federal Blvd – Denver, CO 80219 – (303) 975-1229
Alan Deines – State Farm Insurance Agent
2120 S Ash St Unit 150 – Denver, CO 80222 – (303) 388-4400
Bob Chapman – State Farm Insurance Agent
2335 E Evans Ave – Denver, CO 80210 – (303) 777-3005