For youthful drivers, one of the big factors that are looked at to help calculate the amount you pay each year for auto insurance is where you normally keep your vehicle. Areas with more people or higher crime rates will most likely have higher rates, whereas areas with less crime or weather claims receive better rates.
The following table lists the most costly cities in Colorado for young drivers to purchase car insurance in. Aurora is ranked #4 with the annual price of $1,361 for car insurance, which is about $113 monthly.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Denver | $1,425 |
| 2 | Pueblo | $1,397 |
| 3 | Lakewood | $1,365 |
| 4 | Aurora | $1,361 |
| 5 | Northglenn | $1,342 |
| 6 | Commerce City | $1,328 |
| 7 | Ken Caryl | $1,326 |
| 8 | Security-Widefield | $1,304 |
| 9 | Colorado Springs | $1,290 |
| 10 | Thornton | $1,281 |
| 11 | Centennial | $1,278 |
| 12 | Highlands Ranch | $1,267 |
| 13 | Castle Rock | $1,261 |
| 14 | Arvada | $1,256 |
| 15 | Littleton | $1,254 |
| 16 | Brighton | $1,235 |
| 17 | Westminster | $1,234 |
| 18 | Parker | $1,220 |
| 19 | Boulder | $1,207 |
| 20 | Broomfield | $1,203 |
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Premium costs are estimated as the specific Aurora residence address can influence premiums considerably.
The vehicle model you are insuring is one of the primary factors when quoting the cheapest auto insurance for young drivers. Vehicles with lots of horsepower, poor crash test ratings, or a history of substantial liability claims will cost more to insure than safer models. The next list presents car insurance costs for the more affordable automobiles to buy coverage for.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 2WD | $5,377 |
| Honda Accord EX 4-Dr Sedan | $5,385 |
| Ford Escape XLT 4WD | $5,425 |
| Toyota Prius | $5,802 |
| Ford F-150 FX2 Super Cab 2WD | $6,050 |
| Ford Edge Limited 2WD | $6,330 |
| Ford Focus S 4-Dr Sedan | $6,337 |
| Chevrolet Impala LS | $6,330 |
| Volkswagen Jetta LE 4-Dr Sedan | $6,378 |
| Toyota RAV4 Limited 4WD | $6,385 |
| Ford Fusion S 4-Dr Sedan | $6,378 |
| Jeep Grand Cherokee Laredo 4WD | $6,384 |
| Chevrolet Equinox LS AWD | $6,378 |
| Ford Explorer Limited 2WD | $6,428 |
| Dodge Grand Caravan SXT | $6,434 |
| Toyota Tacoma Double Cab 4WD | $6,428 |
| Hyundai Elantra SE 4-Dr Sedan | $6,705 |
| Toyota Camry SE | $6,711 |
| Honda Odyssey EX-L | $6,705 |
| Nissan Altima 3.5 SR 4-Dr Sedan | $6,755 |
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Cost estimates assume single female driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, and safe-driver. Price estimates do not factor in zip code location which can affect coverage rates substantially.
By looking at the data, we can tell that vehicles like the Honda CR-V, Honda Accord, and Ford Escape are the less-costly vehicles to insure for youthful drivers. Car insurance rates will be more costly because of the fact that there is more risk for young drivers, but overall those models will most likely have the best insurance prices available.
Comparing quotes for low-priced car insurance is tough enough, and figuring out which company offers the most affordable auto insurance rates for young drivers takes even more perseverance. Every auto insurer has their own formula to set policy rates, so let’s begin by taking a look at the auto insurance companies that tend to have lower prices in Aurora.
Cheapest Insurance Rates for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $859 |
| 2 | Grange | $949 |
| 3 | USAA | $1,029 |
| 4 | Nationwide | $1,109 |
| 5 | GEICO | $1,141 |
| 6 | Travelers | $1,183 |
| 7 | Auto-Owners | $1,192 |
| 8 | State Farm | $1,209 |
| 9 | American Family | $1,314 |
| 10 | Progressive | $1,322 |
| 11 | Amica | $1,381 |
| 12 | California Casualty | $1,488 |
| 13 | Allied | $1,497 |
| 14 | Colorado Farm Bureau | $1,576 |
| 15 | Farmers | $1,613 |
| 16 | MetLife | $1,830 |
| 17 | Allstate | $2,015 |
| 18 | Encompass | $2,165 |
| 19 | Safeco | $2,447 |
| 20 | Titan | $2,657 |
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The Hartford may have some of the most affordable car insurance rates in Aurora at around $859 a year. Grange, USAA, Nationwide, and GEICO would also be considered some of the more affordable Aurora, CO auto insurance companies.
In this example, if you currently have coverage with Grange and switched to The Hartford, you may realize savings of upwards of $90. Policyholders with USAA might save as much as $170 a year, and Nationwide customers might reduce rates by $250 a year.
Understand that those premiums are averaged for all types of drivers and the different vehicles they drive and and are not calculated with a vehicle location for young drivers. So the insurer that has the lowest price for you may not even be in the top 21 companies in the list above. That affirms the importance of why you need to get auto insurance quotes using your own personal information and vehicle type.
Impact of citations and accidents on Aurora insurance rates
The common sense way to get the best auto insurance premiums in Colorado for youthful drivers is to pay attention while driving and avoid getting tickets or having accidents. The example below shows how speeding tickets and fender-benders can raise insurance costs for each different age category. The price estimates are based on a married male driver, full coverage, $500 deductibles, and no discounts are applied to the premium.
The data charted above shows the average cost of an auto insurance policy per year with no accidents or violations is $1,877. Receive two speeding tickets and the average cost jumps to $2,589, an increase of $712 each year. Then throw in one accident along with the two speeding tickets and the 12-month cost of auto insurance for young drivers goes up to an average of $3,317. That’s an increase of $1,440, or $120 per month, just for being a careless driver!
The illustration below demonstrates how deductibles can affect insurance rates when getting quotes for cheap insurance for young drivers. The premiums are based on a single male driver, comprehensive and collision coverage, and no discounts are factored in.
The chart above illustrates that a 50-year-old driver could save $346 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $520 by changing to a $1,000 deductible. Youthful drivers, like the 20-year-old, could roll back prices up to $1,140 every year just by choosing larger deductibles. If you make the decision to raise deductibles, it will be necessary to have enough funds in savings to enable you to pay the extra out-of-pocket expense, which is the main drawback of higher deductibles.
The agents below are a good start to help you decide which policy fits your needs best, as some drivers wish to have professional advice when trying to find the best insurance rates for youthful drivers. It can be time-consuming to find the cheapest rate yourself, so using a licensed agent can provide you peace of mind knowing your coverage gives you suitable coverage if you ever need to use it.
To find an Aurora insurance agency by location nearest to you, click the link after the list.
Allstate Insurance: Larry Meurisse
1710 S Buckley Rd Unit 6 – Aurora, CO 80017 – (303) 752-1441
A All City Auto Insurance
9720 E Colfax Ave – Aurora, CO 80010 – (303) 364-0555
Lawrence Neal – State Farm Insurance Agent
15037 E Colfax Ave k – Aurora, CO 80011 – (303) 340-8849
View more Aurora, CO insurance agencies
How to find budget-friendly car insurance for young drivers
Lowering your rates is not difficult, and here are some thrifty suggestions that can help you locate lower-cost coverage.
- Increase your comprehensive and collision deductibles
- Drivers with good credit ratings often pay less
- Staying accident-free helps keep rates low
- Lower rates by purchasing a safer vehicle
- Older vehicles may not need full coverage
- Maintain a clean driving record
- Look for cheaper rates once a year by shopping around
The final tip is incredibly important, as was pointed out in the prior information. Car insurance prices can be changed at any time, so you should be ready to switch carriers if a better rate can be found.
Many drivers tend to have loyalty to a certain company, but it’s not a great idea if that devotion results in you overpaying hundreds of dollars a year. Now is a great time to compare rates to find cheaper auto insurance for young drivers in Aurora.