The make and model of vehicle to be insured is one of the main factors when quoting cheap auto insurance after a speeding ticket. Vehicles with economical engines, modern passenger safety features, or low incidents of liability claims will cost substantially less to insure than fast, unsafe models.
The table below shows car insurance premiums for some of the most cost-effective vehicles to insure.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Dodge Grand Caravan SE||$2,194|
|Ford Explorer XLT 4WD||$2,200|
|Ford Edge SEL AWD||$2,274|
|Chevrolet Malibu Hybrid||$2,319|
|Toyota RAV4 Sport 2WD||$2,326|
|Toyota Camry LE||$2,319|
|Honda CR-V EX-L 4WD||$2,324|
|Hyundai Elantra SE Touring Station Wagon||$2,348|
|Ford F-150 STX Regular Cab 4WD||$2,414|
|Honda Odyssey EX-L W/Rear Entertainment||$2,446|
|Honda Accord EX-L 4-Dr Sedan||$2,473|
|Ford Escape Limited 4WD||$2,479|
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Data based on single female driver age 40, two speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, and claim-free. Price information does not factor in garaging location in Aurora, CO which can decrease or increase premium rates significantly.
Based on these rates, we can tell that vehicles like the Dodge Grand Caravan, Ford Explorer, Ford Edge, and Chevrolet Malibu are going to be the less-costly vehicles to insure after a few driving violations.
Finding decent, affordable insurance is tough enough, and determining which companies have the most affordable insurance rates after a speeding ticket may require even more rate comparisons. Each insurance company has a proprietary formula to determine rates, so let’s begin by examining the most budget-friendly insurance companies in Aurora.
It’s important that you understand Aurora, CO insurance rates are calculated based on many things which can substantially change your annual premium. Improving your financial situation, buying another vehicle, or getting caught speeding may cause policy rate changes that can cause some rates to be more expensive than competitors.
Find Cheaper Car Insurance with Licence Points
|Rank||Company||Cost Per Year|
|15||Colorado Farm Bureau||$1,640|
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The Hartford may have some of the lowest car insurance rates in Aurora at around $850 per year. This is $728 less than the average premium paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and Travelers are also some of the more affordable Aurora, CO auto insurance companies.
As the example above demonstrates, if you buy coverage from Travelers and switched to Grange, you could realize yearly savings of around $225. Customers with GEICO could save as much as $229 a year, and Auto-Owners insureds might reduce rates by $234 a year.
Bear in mind that those estimates are averaged across all drivers and vehicles and and are not calculated with a specific vehicle garaging location after a speeding ticket. So the company that is best suited for you may not even be in the top 21 companies shown above. That affirms the importance of why you need to get rate quotes from many companies using your own driver data and vehicle information.
One of the many components that determine the amount you pay for auto insurance is where you call home in Aurora. Cities with more crime and/or more people will most likely have higher rates, whereas areas that tend to be more rural benefit from lower prices.
The information below shows the most expensive cities in Colorado after a speeding ticket to purchase car insurance in. Aurora is listed at #3 with an annual cost of $1,361 for coverage, which is around $113 monthly.
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Premium costs are comparative as the vehicle garaging location can affect coverage prices noticeably.
Impact of violations and accidents on rates
The ideal way to receive the cheapest insurance rates after a few driving violations is to be a careful driver and have a clean driving record. The diagram below illustrates how violations and fender-benders drive up insurance premiums for different age groups of insureds. The premium estimates are based on a single female driver, comprehensive and collision coverage, $250 deductibles, and no discounts are taken into consideration.
In the previous example, the average cost of an auto insurance policy in Colorado per year with no accidents and a clean driving record is $2,340. Add in two speeding tickets and the average cost swells to $3,142, an increase of $802 each year. Then add one accident along with the two speeding tickets and the annual cost of insurance after a speeding ticket jumps again to an average of $3,960. That’s an increase of $1,620, or $135 per month, just for not being a responsible driver!
The diagram below illustrates how your deductible choice can impact insurance costs when trying to find cheap insurance after a speeding ticket. The data is based on a married female driver, full coverage, and no policy discounts are applied.
As shown above, a 40-year-old driver could lower their policy premium by $288 a year by switching from a $100 deductible up to a $500 deductible, or save $436 by switching to a $1,000 deductible. Younger drivers, such as the Age 20 example, could reduce their rates $712 or even more by using a higher deductible.
If you do make the decision to raise your deductibles, it is necessary to have plenty of money set aside to enable you to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
Here’s why you should shop around
Aurora insurance rates are impacted by many factors that will increase or decrease the price you have to pay. Simply having another birthday, filing a claim, or getting a DUI can trigger price changes that can now make some companies affordable when they were higher priced.
Not only may your risk profile change, but insurance companies file new rates without warning to adjust for unexpected claims or profits. Heavier than normal losses can result in rate hikes, while lower claim expenses can result in more affordable Aurora car insurance rates.
To illustrate this example, the data below shows the company with the cheapest car insurance in Aurora, CO for a 35-year-old male driver with no prior claims, no tickets, and a good credit rating. If we compare prices based on his current risk factors, The Hartford has the cheapest car insurance rates in Aurora at $1,107 annually. This is $471 less than the average price paid by Colorado drivers of $1,578. Grange, USAA, GEICO, and Nationwide are the rest of the cheapest Aurora, CO auto insurance companies.
The next chart shows rates after we give the driver from above a claim, less-than-perfect credit, and a couple of points charged on his driving record. Since each auto insurer has a proprietary formula to set premium rates, getting updated rate quotes may result in a significantly different list of cheap Aurora auto insurance companies as shown below.
Travelers now has the lowest car insurance rate in Aurora with State Farm, American Family, Progressive, and Amica also being competitive. This shows why consumers need to shop around to find the lowest auto insurance quotes after a speeding ticket.
Car insurance prices are made up of many different factors and can change without notice, so the cheapest company the last time you shopped around may now be wasting a lot of money.
If you prefer to have the advice of a professional agent when trying to find lower insurance rates after a few driving violations, the agents shown below can help you make a decision which is the best policy. To find an auto insurance agency nearest to you, click the link after the list.
Allstate Insurance: Mark Graham
1450 S Havana St Ste 308 – Aurora, CO 80012 – (303) 755-2600
Farmers Insurance – Patricia Rusho
13780 E Rice Pl #112 – Aurora, CO 80015 – (303) 317-2411
Farmers Insurance – Holly Mullins
14221 E 4th Ave #100 – Aurora, CO 80011 – (303) 366-7101
Tips for buying cheaper insurance after a speeding ticket
The list below details some money-saving ideas that can help you get lower-cost car insurance.
- Maintain a safe distance and avoid accidents
- Drive vehicles with five-star safety ratings
- Buying your home and auto policies from the same company can earn a discount
- Drop full coverage on older vehicles
- Better credit rating means better rates
- Comparison shop at least once a year
That last idea is extraordinarily critical, as we noted in the article above. Coverage rates adjust frequently, so don’t be tentative to change to a new company if a better deal can be had. Having brand loyalty is commendable, but it’s not a good idea if that dedication is costing money that could be used for better things. In just a couple of minutes you could shop around and find cheaper insurance after a speeding ticket in Aurora.