Locating low-cost car insurance is confusing at best, and determining which company quotes the lowest-priced car insurance rates for teenage females may require even more diligence. Each insurance company has their own guidelines for setting prices, so let’s take a look at the lowest cost car insurance companies in Colorado.
It’s important to know that Aurora car insurance rates are based on many factors that control the price you have to pay for coverage. That is why it is important to shop around with many companies when trying to get the most affordable insurance rates for teenage females. Rates can be determined by many things and can decrease or increase without notice, so the best option when you bought your policy may now cost much more than other companies.
Best Insurance Companies for Teens
|Rank||Company||Cost Per Year|
|14||Colorado Farm Bureau||$1,592|
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The Hartford has some of the lowest car insurance rates in Aurora at around $825 per year. This is $753 less than the average rate paid by Colorado drivers of $1,578. Grange, USAA, GEICO, and Nationwide are also some of the more affordable Aurora, CO car insurance companies.
In this example, if you are currently insured with Grange and switched to The Hartford, you may realize an annual savings of about $124. Insureds with USAA might save as much as $204 a year, and GEICO insureds might see rate reductions of $316 a year.
Bear in mind that those estimates are averaged for all types of drivers and the different vehicles they drive and are not factoring in a specific vehicle garaging location for teenage females. So the insurer that is most affordable for your situation may not even be in the top 21 companies shown above. That point stresses why you need to quote rates from many companies using your own personal information and vehicle type.
The type of vehicle you are seeking coverage for is one of the biggest factors when trying to find the cheapest auto insurance for teenage females. Vehicles with high performance engines, poor safety ratings, or a track record of large liability claims will cost significantly more to insure than safer, lower-performance models.
The next table features coverage rates for a number of the cheapest automobiles to buy coverage for.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Ford Escape XLS 4WD||$5,056|
|Honda Accord LX-P 4-Dr Sedan||$5,062|
|Honda CR-V EX 4WD||$5,103|
|Ford Edge SE 2WD||$5,645|
|Chevrolet Impala LS||$5,953|
|Nissan Altima 2.5 4-Dr Sedan||$5,999|
|Chevrolet Equinox LT AWD||$6,004|
|Ford Fusion S 4-Dr Sedan||$5,999|
|Toyota Camry LE||$6,007|
|Toyota Tacoma Double Cab 4WD||$5,999|
|Volkswagen Jetta S 4-Dr Sedan||$6,005|
|Jeep Grand Cherokee Laredo 2WD||$5,999|
|Toyota RAV4 4WD||$6,006|
|GMC Sierra SL Extended Cab 2WD||$5,999|
|Ford F-150 SVT Raptor Super Cab 4WD||$6,045|
|Ford Explorer Limited 4WD||$6,053|
|Dodge Grand Caravan SXT||$6,045|
|Ford Focus SEL 4-Dr Sedan||$6,262|
|Hyundai Elantra GLS 4-Dr Sedan||$6,308|
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Data variables include single female driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, and claim-free. Information does not factor in specific Aurora, CO garaging location which can decrease or increase prices noticeably.
Based upon the rates shown, vehicles like the Ford Escape, Honda Accord, Honda CR-V, Toyota Prius, and Ford Edge are most likely going to be some of the most economical vehicles to insure for teen girls. The price for car insurance will tend to be more expensive anyway just because there is more inherent risk for teenage females, but overall those particular vehicles will probably have the lowest prices available.
For teen girls, one of the big considerations that aid in calculating car insurance rates is where your residence is in Aurora. More populated areas will most likely pay more, whereas areas with less congestion have the gratification of cheaper auto insurance rates.
The illustration below ranks the most expensive cities in Colorado for teenage females to buy an auto insurance policy in. Aurora is ranked #3 with a yearly premium of $1,417 for car insurance, which is around $118 each month.
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Annual rates are estimated as specific Aurora garaging address can affect auto insurance rates greatly.
Full coverage versus liability-only in Aurora
Reducing premiums for car insurance is important to the majority of vehicle owners, and an effective way to reduce the cost of insurance for teenage females is to buy only liability coverage. The example below illustrates the comparison of annual premium costs with and without full coverage. The rate quotes are based on no claims or driving violations, $250 deductibles, single marital status, and no additional discounts are factored in.
On average, full coverage on your policy costs $1,845 per year over having just liability coverage. That may make you wonder if buying full coverage is worth the expense. There is no definitive formula that is best for determining when to drop full coverage, but there is a general guideline. If the annual cost of coverage is more than around 10% of the settlement you would receive from your company, then it could be time to drop full coverage.
For example, let’s pretend your vehicle’s replacement cost is $11,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would get paid by your company is $10,000 after you pay the deductible. If you are paying more than $1,000 a year for physical damage coverage, then it might be time to consider dropping full coverage.
How accidents and violations affect rates
The easiest way to enjoy affordable car insurance premiums in Colorado for teen girls is to drive safe and not have accidents or get tickets. The information below highlights how traffic violations and at-fault fender-benders drive up premium costs for different insured age categories. The costs are based on a single male driver, full physical damage coverage, $1,000 deductibles, and no policy discounts are applied.
The data in the chart shows the average cost of auto insurance in Colorado per year with a clean driving record and no accidents is $1,967. Factor in one speeding ticket and the average cost rises to $2,221, an increase of $254 each year. Now get one accident along with the one speeding ticket and the yearly cost of car insurance for teenage females increases to an average of $2,928. That’s an increase of $961, or $80 per month, just for not being more responsible behind the wheel!
Why you should be shopping around
Aurora car insurance rates are impacted by many factors which can substantially decrease or increase the price you have to pay. Turning one year older, moving to a different location, or getting a couple of tickets can trigger price changes that can cause some rates to be affordable when they were higher priced.
Not only that, but companies change their prices as often as every three months to adjust for heavy claims or excess profits. Unexpectedly high claims may cause more expensive premiums, while profitable underwriting can result in cheaper Aurora car insurance rates.
To illustrate this example, the graph below shows which company has the cheapest car insurance in Aurora, CO for a 35-year-old female driver with no violations or accidents, and great credit. If we look at prices based on her personal profile, The Hartford might offer the most affordable car insurance rates in Aurora at $1,099 per year. This is $479 less than the average policy premium paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and Travelers are also on the list of the best Aurora, CO auto insurance companies.
Let’s now give the driver from the first example a chargeable claim, poor credit, and a couple of points charged on her driving record. Since each insurance company has a proprietary formula for determining prices, comparing rates will most likely result in a significantly different list of the cheapest Aurora car insurance companies as shown below.
Auto-Owners now has the best car insurance rate in Aurora, CO with State Farm, American Family, Progressive, and Amica also having competitive pricing. This example proves why it is important to compare lots of rates to find the lowest insurance rates for teenage females.
Insurance rates are impacted by many factors and can increase or decrease at any time, so the lowest-price company the last time you checked may now be one of the more expensive options.
How to find low-cost auto insurance for teenage females
It’s not impossible to find cheaper rates, and here are many penny-pinching suggestions that can help drivers get cheap auto insurance.
- Having at-fault accidents will increase rates
- Try to remain claim-free
- Bundle home and auto and save
- Safe vehicles cost less to insure
- Violations like speeding or DUI increase rates
- Compare prices as often as possible
That final tip is extremely valuable, as we stressed in the prior article. Rates in Aurora can be changed at any time, so don’t be tentative to buy from a new company if you can save money.
Many drivers prefer to stick with one company, but is isn’t recommended if that loyalty ends up costing thousands of dollars over the life of your policy. Take a couple minutes and compare prices and find cheaper auto insurance for teenage females.
If you aren’t sure which coverage to buy and prefer to have a professional recommendation when comparing insurance rates for teen girls, the agents below can probably provide answers to your questions and help you determine which insurance coverage you need.
To locate an Aurora car insurance agency close to you, click the button link following the list or click here to get price quotes now.
State Farm: Joel Kruschwitz
9801 E Colfax Ave – Aurora, CO 80010 – (303) 344-1175
Focus Insurance Agency
2993 S Peoria St #144 – Aurora, CO 80014 – (303) 695-6220
State Farm Insurance Agency – Jason Hart
15201 E Moncrieff Pl e – Aurora, CO 80011 – (720) 920-9043
Melissa Kitowski – State Farm Insurance Agent
13750 E Rice Pl Ste 101 – Aurora, CO 80015 – (303) 680-6666