The words “cheap” and “auto insurance” really shouldn’t be used in the same sentence, especially when you are trying to find the best car insurance for welfare recipients. Because it’s not cheap, let’s start off by going over some things the can have a considerable influence on insurance premiums, and figure out some ways to take a little off the next policy you buy.
One of the more important components that are looked at to help calculate the amount you pay each year for auto insurance is where you keep your car in Aurora. Cities with larger populations or higher claim trends tend to pay slightly more, whereas areas with less congestion have the luxury of lower rates.
The table below rates the most expensive cities in Colorado for welfare recipients to buy auto insurance in. Aurora is ranked at #2 costing $1,403 for the average insurance policy, which is approximately $117 each month.
|Rank||City||Premium Per Year|
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Price information shown is comparative as the specific garaging location can modify coverage rates greatly.
The type of vehicle to be insured is one of the largest factors when trying to find cheaper insurance for welfare recipients. Vehicles with average performance, a great safety record, or a track record of few liability claims will cost significantly less to insure than adrenaline junky models.
The information below showcases auto insurance premiums for a number of the most affordable automobiles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Honda Accord LX 4-Dr Sedan||$1,197|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$1,314|
|Ford Escape Limited 2WD||$1,403|
|Toyota RAV4 Limited 4WD||$1,416|
|Toyota Tacoma Double Cab 4WD||$1,424|
|Honda CR-V LX 4WD||$1,468|
|GMC Sierra SLE Crew Cab 4WD||$1,515|
|Chevrolet Silverado LS Crew Cab 4WD||$1,522|
|Nissan Rogue S AWD||$1,520|
|Ford Explorer XLT 2WD||$1,540|
|Honda Civic SI 4-Dr Sedan||$1,562|
|Ford Focus SES 2-Dr Coupe||$1,592|
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Data variables include single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Estimates do not factor in zip code location which can alter insurance rates greatly.
Based on these rates, we can infer that vehicles like the Honda Accord, Jeep Wrangler, Ford Escape, and Toyota RAV4 will definitely be some of the most affordable vehicles to insure for drivers on welfare.
The example below illustrates how choosing a deductible can impact insurance costs when trying to find cheap insurance for welfare recipients. The costs are based on a single female driver, comp and collision included, and no discounts are taken into consideration.
The chart above illustrates that a 40-year-old driver could lower rates by $376 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $566 by changing to a $1,000 deductible. Young drivers, such as the 20-year-old example, could drop their prices $966 or even more by choosing a higher deductible. If you make the decision to raise deductibles, it’s a good idea to have plenty of money set aside to be able to cover the extra out-of-pocket expense. That is the one drawback of using higher deductibles.
Full coverage rates vs. liability-only in Aurora
Paying less for auto insurance is probably important to the majority of drivers, and a good way to reduce the cost of insurance for welfare recipients is to only buy liability insurance. The example below shows the comparison of insurance costs with full physical damage coverage compared to only buying liability only. The data is based on no violations or accidents, $100 deductibles, single status, and no discounts are factored in.
Averaged out for all age groups, full coverage costs an additional $2,696 per year more than just insuring for liability. That proposes the question if paying for full coverage is a waste of money. There is no clear-cut formula of when to eliminate physical damage coverage, but there is a general guideline. If the yearly cost of full coverage is more than around 10% of the settlement you would receive from your company, then it might be time to consider dropping full coverage.
Low rates today, overpriced tomorrow
Colorado auto insurance rates are influenced by many factors which can significantly increase or decrease the cost of a policy. Simply improving your credit, buying a different vehicle, or getting a driving violation can trigger rate changes resulting in some rates now being more affordable than before.
Not only that, but insurance companies amend pricing multiple times each year to adjust for gains or losses. Unexpectedly high claims can result in higher prices, while long-term profits can cause cheaper Aurora car insurance rates.
For instance, the bar chart below shows which company has the cheapest car insurance in Aurora, CO for a 40-year-old female driver with no prior claims, no tickets, and a good credit rating. When quoting prices based on her personal risk profile, The Hartford has the most affordable car insurance rates in Aurora at $1,056 per year. This is $522 less than the average rate paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and Auto-Owners round out the rest of the most affordable Aurora, CO auto insurance companies.
In this next rate comparison, we will give the driver from the first example a claim, a lower credit score, and a blemish on her driving record. Because every insurance company has their own unique process to set premium rates, comparing prices may now show a new list of companies as shown below.
GEICO now has the best auto insurance rate in Aurora, CO with State Farm, American Family, Progressive, and Amica also being competitive. This demonstrates why Aurora drivers need to shop around when trying to get affordable auto insurance rates for welfare recipients. Insurance rates are influenced by many factors and change dramatically, so the cheapest company the last time you compared rates may now be wasting a lot of money.
The agents shown below can answer your questions and help you decide which auto insurance policy fits you best, since some drivers aren’t sure which coverage they need and prefer to get some professional input when trying to find lower insurance rates for welfare recipients. It can be complicated to find the best coverage on your own, and using a licensed agent can add comfort knowing you have adequate protection in the event of a claim.
To find an auto insurance agency using an interactive map, click the button at the bottom or click here to compare rates now.
All Drivers Insurance
12142 E Mississippi Ave – Aurora, CO 80012 – (303) 695-1000
American Family Insurance – Patricia Davis
1627 S Havana St e – Aurora, CO 80012 – (303) 360-9831
Allstate Insurance: Danielle Shannon Agency
6820 S Liverpool St d – Aurora, CO 80016 – (303) 676-8071