How Much are Auto Insurance Rates for Unemployed Drivers in Aurora?

For the unemployed, one of the big considerations that determine the annual cost of car insurance is where you keep your car in Aurora. Regions with more people or even just more weather-related claims tend to have higher auto insurance costs, whereas areas with lower vehicle theft rates and fewer weather claims have the benefit of cheaper car insurance.

The next table sorts the highest-priced places in Colorado for unemployed drivers to purchase car insurance in. Aurora shows up at #2 with a yearly cost of $1,403 for car insurance, which is approximately $117 each month.

How much does car insurance cost in Aurora, CO?
Rank City Annual Premium
1 Denver $1,425
2 Aurora $1,403
3 Pueblo $1,397
4 Security-Widefield $1,343
5 Lakewood $1,337
6 Commerce City $1,328
7 Centennial $1,317
8 Colorado Springs $1,316
9 Arvada $1,308
10 Northglenn $1,303
11 Littleton $1,293
12 Brighton $1,285
13 Thornton $1,281
14 Ken Caryl $1,274
15 Westminster $1,234
16 Parker $1,233
17 Highlands Ranch $1,229
18 Castle Rock $1,211
19 Boulder $1,207
20 Longmont $1,179
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Annual rates are estimated as specific Aurora zip code can increase or decrease coverage rates greatly.

The vehicle model you are insuring is one of the largest factors that determines whether or not you can buy low-cost coverage for unemployed drivers. Vehicles with high performance engines, poor safety features, or a high likelihood of having liability claims will cost substantially more to insure than more modest models.

The information below illustrates car insurance rates for a selection of the cheapest vehicles to insure.

Cheapest Vehicles to Insure in Aurora, CO
Make, Model, and Trim Level Estimated Cost for Full Coverage
Honda CR-V EX 2WD $1,336
Ford Escape XLT 2WD $1,461
Toyota Prius $1,482
Jeep Wrangler Sahara 4WD 2-Dr $1,497
Ford Explorer XLT 4WD $1,506
Ford Edge SE AWD $1,555
Ford F-150 XL Regular Cab 2WD $1,576
Toyota Tacoma Double Cab TRD Sport Package 4WD $1,615
Ford Focus SES 4-Dr Sedan $1,638
Honda Odyssey LX $1,656
Chevrolet Equinox LTZ AWD $1,698
Toyota RAV4 Limited 2WD $1,732
Volkswagen Jetta LE 4-Dr Sedan $1,741
Chevrolet Malibu LS $1,732
Chevrolet Impala LS $1,740
Dodge Grand Caravan Crew $1,820
Hyundai Elantra SE 4-Dr Sedan $1,826
Toyota Camry SE $1,834
Toyota Corolla XLE $1,826
Dodge Ram Crew Cab Sport 4WD $1,836
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Price data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Premium costs do not factor in vehicle garaging location which can revise coverage prices greatly.

By looking at the data, you can figure that makes and models like the Honda CR-V, Ford Escape, Toyota Prius, Jeep Wrangler, and Ford Explorer will definitely be a few of the most economical vehicles to insure for the unemployed.

Finding out which insurers offer the best car insurance rates for unemployed drivers will involve a bit more work in order to find the most economical policy. Every insurance provider has a proprietary formula to set policy rates, so let’s rank the most affordable car insurance companies in Aurora.

It’s important to understand that Aurora car insurance rates are impacted by many things that may substantially change the price you have to pay for coverage. Getting older, buying a home instead of renting, or getting a ticket for careless driving may generate price changes resulting in some rates now being more affordable than competitors.

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The Hartford may have some of the lowest car insurance rates in Aurora at around $834 annually. Grange, USAA, Nationwide, and Auto-Owners also qualify as some of the most economical Aurora, CO auto insurance companies.

In this example, if you currently have a policy with Nationwide and switched to Grange, you could realize a yearly price reduction of about $168. Insureds with Auto-Owners could save as much as $181 a year, and GEICO customers might cut rates by $189 a year.

Remember that these policy rates are averages across all insureds and vehicles and do not factor in a vehicle location for unemployed drivers. So the company that fits your age and vehicle best may not even be in the top 21 companies in the list above. That illustrates why you need to quote rates from many companies using your own personal information and vehicle type.

How accidents and violations affect rates in Aurora

One of the best ways to get low car insurance premiums for the unemployed is to drive safely and not have accidents or get tickets. The diagram below highlights how speeding tickets and at-fault accidents can drive up auto insurance rates for different age groups. The data assumes a married female driver, full physical damage coverage, $250 deductibles, and no policy discounts are applied.

In the prior example, the average cost of an auto insurance policy in Aurora per year with no violations or accidents is $1,423. Factor in one speeding ticket and the average cost swells to $1,657, an increase of $234 each year. Then throw in two accidents along with the one speeding ticket and the annual cost of car insurance for unemployed drivers goes up to an average of $3,672. That’s an increase of $2,249, or $187 per month, just for not being a responsible driver!

The example below demonstrates how choosing different deductibles can impact annual premium costs when trying to find cheap insurance for unemployed drivers. The premium estimates are based on a single female driver, full physical damage coverage, and no discounts are applied.

As shown above, a 50-year-old driver could save $280 a year by switching from a $100 deductible up to a $500 deductible, or save $422 by choosing a $1,000 deductible. Even younger insureds, like the age 20 example, could shave as much as $706 each year just by choosing higher deductibles.

If you do decide to increase your deductibles, it’s a good idea to have plenty of savings on hand to enable you to pay the extra out-of-pocket expense, which is the one shortcoming of high deductibles.

Types of discounts on Aurora auto insurance

Car insurance for the unemployed in Aurora, COCar insurance companies that offer coverage for unemployed drivers may also offer special discounts that can reduce rates by as much as 35% or more if you qualify. A few of the larger companies and a partial list of their discounts can be found below.

The information below illustrates the difference between auto insurance rates with and without policy discounts. The prices are based on a female driver, no violations or accidents, Colorado state minimum liability limits, comprehensive and collision coverage, and $500 deductibles.

The first bar for each age group shows premium with no discounts. The second shows the rates with anti-theft, homeowner, defensive driving course, claim-free, vehicle safety, and safe-driver discounts applied. When taking advantage of discounts, theamount saved on car insurance for unemployed drivers is 28% or $437.

Why you are probably overpaying for car insurance

Aurora, CO car insurance rates are determined by lots of factors that control the price you have to pay. Improving your credit score, buying a different vehicle, or having an at-fault accident may cause policy rate changes resulting in some companies being more affordable than competitors.

Additionally, companies amend pricing as often as every quarter in order to maintain liquidity for claims. An unexpected high level of claims may result in increased policy costs, while profitable underwriting can produce cheaper Aurora car insurance rates.

The data below shows the cheapest car insurance in Aurora, CO for a 40-year-old female driver with no accidents, a clean driving record, and great credit. When comparing rates based on her personal risk profile, The Hartford may offer the cheapest car insurance rates in Aurora at $1,118 per year. This is $460 less than the average rate paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and Auto-Owners are the rest of the most affordable Aurora, CO auto insurance companies.

The chart below compares rates after we give the driver from above a chargeable claim, less-than-perfect credit, and a traffic citation. Since every insurance provider has a different process to determining premium rates, comparing insurance quotes may now show a completely different list of companies as shown below.

Travelers now has the cheapest rate in Aurora with State Farm, American Family, Grange, and Progressive also being competitive. This example demonstrates why it is critical to do a thorough rate comparison to find the most affordable car insurance quotes for unemployed drivers. Insurance prices are calculated by many different factors and can decrease or increase without notice, so the best price the last time you shopped your coverage around may now not even be in the top five.