The words “low-priced” and “insurance” really shouldn’t be used in the same sentence, in particular when you are looking for the lowest insurance rates for 4×4 vehicles. To help control this cost, let’s take a look at a few of the things that can significantly affect insurance premiums, and find some ways to reduce the price of your next policy.
One of the more important considerations that determine car insurance rates is where your residence is. Areas with more people or even just a higher incidence of claims tend to have more expensive auto insurance rates, whereas areas with lower vehicle theft rates and fewer weather claims have the enjoyment of a little cheaper coverage.
The next table lists the most expensive cities in Colorado for 4×4 vehicles to buy an auto insurance policy in. Aurora is ranked #3 with an annual cost of $1,417 for car insurance, which is about $118 monthly.
|Rank||City||Premium Per Year|
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Prices are comparative as the specific garaging location can alter premiums substantially.
Finding out which companies have the lowest-priced auto insurance rates for 4×4 vehicles will require more work in order to find coverage that fits your budget.
Each auto insurer has their own process for setting rates, so let’s rank the auto insurance companies that tend to have lower prices in Colorado. It’s a good idea to know that Colorado auto insurance rates are determined by lots of factors which can significantly increase or decrease the price of your policy. Improving your credit score, buying a home, or getting a reckless driving citation can trigger price changes that may make certain companies more affordable than competitors.
Find the Best Cheap Insurance for 4×4’s
|Rank||Company||Cost Per Year|
|15||Colorado Farm Bureau||$1,640|
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The Hartford may offer some of the lowest car insurance rates in Aurora at around $850 each year. Grange, USAA, Nationwide, and GEICO are also some of the best Aurora, CO car insurance companies.
In this example, if you are a policyholder with USAA and switched to The Hartford, you might achieve an annual savings of roughly $149. Colorado drivers with Nationwide could save as much as $271 a year, and GEICO policyholders might see rate reductions of $326 a year.
It’s important to note that these rates are averaged across all types of drivers and the different vehicles they drive and do not take into consideration a specific zip code for 4×4 vehicles. So the auto insurance company that fits your age and vehicle best may not even be in the list above. That affirms the importance of why you need to compare rates from as many companies as possible using your own personal information and vehicle type.
The vehicle you are seeking coverage for is one of the largest factors that determines if you can find the cheapest auto insurance for 4×4 vehicles. Vehicles with higher performance characteristics, a lack of modern safety features, or a high likelihood of having liability claims will cost much more to insure than more modest models.
The table below illustrates coverage costs for a selection of the more affordable automobiles to buy insurance for.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda Accord LX 4-Dr Sedan||$1,090|
|Ford Escape XLS 4WD||$1,245|
|Honda CR-V LX 2WD||$1,251|
|Chevrolet Equinox LS AWD||$1,289|
|Chevrolet Malibu LS||$1,299|
|Toyota RAV4 4WD||$1,289|
|Ford Explorer Limited AWD||$1,315|
|Ford F-150 SVT Raptor Super Cab 4WD||$1,321|
|Ford Edge SE 2WD||$1,356|
|Hyundai Elantra GLS 4-Dr Sedan||$1,358|
|Toyota Camry XLE||$1,363|
|Honda Odyssey EX-L||$1,358|
|Jeep Grand Cherokee Limited 4WD||$1,384|
|Chevrolet Impala LS||$1,441|
|Nissan Rogue SL AWD||$1,451|
|Ford Focus SES 2-Dr Coupe||$1,458|
|GMC Sierra 2500HD SLT Extended Cab 4WD||$1,451|
|Chevrolet Silverado LS Regular Cab 2WD||$1,462|
|Dodge Grand Caravan Hero||$1,464|
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Cost estimates assume married female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Price information does not factor in specific zip code location which can decrease or increase insurance rates significantly.
Based on these rates, makes and models like the Honda Accord, Ford Escape, and Honda CR-V will be the cheaper vehicles to insure for off-road vehicles.
The information below highlights how deductible selection can increase or decrease insurance costs when researching cheap insurance for 4×4 vehicles. Data assumes a single male driver, full coverage, and no policy discounts are applied.
The data above shows that a 40-year-old driver could lower their policy premium by $290 a year by switching from a $100 deductible to a $500 deductible, or save $436 by selecting a $1,000 deductible. Younger drivers, such as the Age 20 example, could lower their rates $948 every year just by choosing larger deductibles. If you do make the decision to raise your deductibles, it will be necessary to have plenty of discretionary funds to enable you to cover the extra out-of-pocket expense that is associated with using high deductibles.
Ratings for Aurora auto insurance companies
Picking the right insurer is difficult considering how many companies sell insurance in Aurora. The ranking information shown below can help you analyze which auto insurance companies to look at comparing rates from.
The rankings below include large insurance companies, so companies with more of a regional focus are not included in the list. To view rates from these top insurers and more, follow this link.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Does it make sense to buy full coverage?
Paying less for auto insurance is probably important to most people, and one great way to save on the cost of insurance for 4×4 vehicles is to not buy full coverage. The illustration below shows the difference between car insurance costs with and without full coverage. The information is based on no claims or driving citations, $1,000 deductibles, marital status is single, and no other discounts are factored in.
Averaged for all age groups, comprehensive and collision coverage on your policy costs an extra $1,476 per year over and above liability coverage. At some point, about every driver wonders if paying for full coverage is worth it. There is no clear-cut rule of when to phase out physical damage coverage on your policy, but there is a general guideline. If the yearly cost of full coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.
There are a few cases where dropping full coverage is not a good plan. If you have an outstanding loan on your vehicle, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not opt for liability only.
If you wish to have a little guidance when trying to find the best insurance rates for 4×4 vehicles, the agents listed below are a good start to help you determine which coverages are best. To find an Aurora insurance agent near you, click the link after the list.
Bob Massie – State Farm Insurance Agent
15290 E 6th Ave #220 – Aurora, CO 80011 – (303) 364-8298
Allstate Insurance: Mark Graham
1450 S Havana St Ste 308 – Aurora, CO 80012 – (303) 755-2600
State Farm Insurance Agency – Jason Hart
15201 E Moncrieff Pl e – Aurora, CO 80011 – (720) 920-9043
Colorado Insurance Professionals, Inc.
13693 E Iliff Ave – Aurora, CO 80014 – (303) 755-8600