Cheapest car insurance companies in Boulder
According to a study by Insurance.com, the cheapest car insurance companies in Boulder for 2023 are Geico and Southern Farm Bureau.
The car insurance company in Boulder that provides the cheapest car insurance premiums is Geico, with an average annual rate of $1,086 .
Car insurance costs may vary in Boulder based on your location, driving record, coverage level and the insurance company you choose. Increase your chances of getting the best deal by comparing car insurance quotes from multiple carriers. The following companies are known to offer the cheapest auto insurance rates in Boulder.
| Companies | Average annual rates |
|---|---|
| Geico | $1,086 |
| USAA | $1,362 |
| Southern Farm Bureau | $1,720 |
| Kemper Insurance | $1,883 |
| State Farm | $1,940 |
| Auto-Owners | $2,296 |
| Allstate | $2,512 |
| Progressive | $2,643 |
| Farmers | $3,839 |
| Acuity Insurance | $3,958 |
Cheapest car insurance cost in Boulder by Age Group
Southern Farm Bureau offers the cheapest full coverage car insurance for teenage drivers in Boulder, with an average annual cost of $3,418 per year. Insurance companies deem teenagers as "high-risk" drivers due to their inexperience and statistically higher accident rates. This elevated risk profile translates to significantly higher car insurance costs for young drivers compared to their older counterparts.
Getting lower rates isn't easy for young drivers, but they can take some steps to increase their chances of getting affordable insurance. Many insurance companies offer good student discounts to drivers who maintain a certain grade point average (GPA). Besides, teen drivers can lower premiums by staying on their parents' insurance.
Geico provides the cheapest car insurance coverage for young drivers in Boulder, with an annual premiumThe payment required for an insurance policy to remain in force. Auto insurance premiums are quoted for either 6-month or annual policy periods. of $1,570 on average.
An analysis of car insurance rates for Boulder drivers reveal a significant decrease in premiums for individuals in their 30s compared to those in their 20s. Geico offers the cheapest full-coverage car insurance rates at $1,075 per year.
Boulder senior drivers seeking affordable car insurance should look no further than Geico. It offers the cheapest car insurance rates for seniors, with an average annual premium of $1,172. It makes Geico a good choice for seniors who want to save money without sacrificing coverage.
| Company | Teens | Young Adults | Adults | Seniors |
|---|---|---|---|---|
| Acuity Insurance | N/A | $5,401 | $3,854 | $3,577 |
| Southern Farm Bureau | $3,418 | $2,590 | $1,821 | $2,065 |
| Geico | $3,852 | $1,570 | $1,075 | $1,172 |
| USAA | $4,595 | $2,184 | $1,386 | $1,415 |
| Auto-Owners | $5,229 | $3,556 | $2,314 | $2,228 |
| State Farm | $5,322 | $3,137 | $1,948 | $1,831 |
| Allstate | $6,076 | $3,493 | $2,549 | $2,405 |
| Kemper Insurance | $6,536 | $3,412 | $1,905 | $2,048 |
| Farmers | $8,589 | $4,754 | $3,682 | $3,840 |
| Progressive | $10,472 | $4,535 | $2,669 | $2,621 |
Cheapest car insurance companies in Boulder by driver profile
Insurers in Boulder consider various factors, including driver profile, to calculate car insurance premiums. You can expect to pay significantly higher rates if you have a history of accidents or traffic citations on your driving record. On the other hand, those with a clean driving record enjoy more affordable coverage.
Finding the cheapest car insurance in Boulder requires comparing quotes from multiple companies. This way, you can get the best coverage for your budget. Don't settle for the first offer; explore options for the most affordable fit.
Based on data analysis by Insurance.com's experts, these are the cheapest car insurance companies for Boulder drivers based on driver profile.
- Cheapest for a driver with poor credit: Geico
- Cheapest for a driver with a speeding ticket: USAA
- Cheapest for accident: State Farm
- Cheapest for DUI: State Farm
Cheapest for a driver with poor credit: Geico
The cheapest car insurance company for a driver with poor credit is Geico. It offers auto insurance for Boulder drivers at about $1,370 per year.
Below is a list of carriers that offer car insurance at an affordable rate for drivers with poor or less-than-perfect credit scores.
| Company | Average annual rates |
|---|---|
| Geico | $1,370 |
| Nationwide | $1,712 |
| USAA | $2,365 |
| Progressive | $2,492 |
| State Farm | $2,826 |
| Allstate | $3,168 |
| Farmers | $4,033 |
Cheapest for drivers with a speeding ticket: USAA
USAA offers the cheapest auto insurance rates for drivers with a speeding ticket in Boulder. It provides full coverage car insurance for drivers aged 30 at about $1,412 per year.
Some companies are known for providing the cheapest car insurance rates, but finding the most affordable policy depends highly on individual factors.
Comparing quotes from various car insurance companies can prove beneficial for getting the best deal. With this, you can get the coverage you need at an affordable price.
| Company | Average annual premium |
|---|---|
| USAA | $1,412 |
| State Farm | $1,519 |
| Geico | $1,601 |
| Nationwide | $1,712 |
| Progressive | $1,867 |
| Allstate | $2,129 |
| Farmers | $3,243 |
Cheapest auto insurance after an at-fault accident: State Farm
If you've had an accident, State Farm might be your best bet for affordable auto insurance.
For Boulder drivers with an at-fault accident, State Farm offers the cheapest average annual rate at $1,625. It's a great option if you're looking for affordable coverage that won't break the bank.
After an accident, your insurance rates are likely to go up. Finding a provider with competitive rates can help you minimize the financial impact.
| Company | Average annual rates |
|---|---|
| State Farm | $1,625 |
| Geico | $1,888 |
| USAA | $1,903 |
| Nationwide | $1,963 |
| Progressive | $2,392 |
| Allstate | $3,075 |
| Farmers | $3,745 |
Cheapest auto insurance after a DUI: State Farm
In Boulder, State Farm has the cheapest car insurance rates for individuals with DUI on their record. The company provides a full coverage policy at an average cost of $1,519 a year.
A DUI conviction can significantly affect your auto insurance rates. However, to keep your coverage rates low, it is important to compare quotes from various insurers before renewing or purchasing a new policy. Doing so ensures you get the most competitive rate for your situation.
| Company | Average annual rates |
|---|---|
| State Farm | $1,519 |
| Progressive | $2,084 |
| Geico | $2,603 |
| USAA | $2,694 |
| Nationwide | $2,725 |
| Allstate | $2,968 |
| Farmers | $3,854 |
Average car insurance cost in Boulder
In Boulder, the average annual cost for full coverage car insurance is around $2,302, which breaks down to approximately $192 per month. These rates are based on coverage levels of 100/300/100. On the other hand, the average yearly rate for state minimum coverage in Boulder is about $475.
Full coverage insurance costs more than the state minimum, but it provides comprehensive coverage for your car and coverage for other driver’s vehicle. To reduce your premium, you might want to compare quotes from various insurance companies.
| Average annual Rates | State minimum average |
|---|---|
| $2,302 | $475 |
Methodology
Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:
- 40-year-old male driver
- Honda Accord LX
- 12-mile daily commute, 10,000 annual miles
- Good credit
- Clean record
While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.
Rates are based on coverage limits of:
- $100,000 bodily injury per person
- $300,000 bodily injury per accident
- $100,000 property damage per accident
- $500 comprehensive and collision deductible
Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.
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