Cheapest car insurance companies in Denver
Geico and Southern Farm Bureau have the cheapest car insurance premiums for Denver drivers in 2023, based on a data study by Insurance.com.
Geico offers the cheapest car insurance premiumThe payment required for an insurance policy to remain in force. Auto insurance premiums are quoted for either 6-month or annual policy periods. for Denver drivers at an annual rate of $1,399 a year, on average.
In Denver, what you pay for car insurance depends on factors such as your location, driving history, coverage level, and the insurance carrierAn insurance carrier is the company that provides your car insurance policy and pays claims.. Take time to compare price quotes from at least three insurers to get the best coverage at an affordable rate. The table below shows the car insurance companies with cheap insurance rates.
| Companies | Average annual rates |
|---|---|
| Geico | $1,399 |
| USAA | $1,584 |
| Southern Farm Bureau | $2,087 |
| State Farm | $2,142 |
| Kemper Insurance | $2,297 |
| Auto-Owners | $2,744 |
| Progressive | $2,981 |
| Allstate | $3,029 |
| Acuity Insurance | $4,006 |
| Farmers | $4,021 |
Cheapest car insurance cost in Denver by Age Group
Southern Farm Bureau stands out as Denver's cheapest auto insurance company for teen drivers at an average annual of $4,061. Insurance providers classify teenagers as high-risk drivers, and that's why they typically face increased insurance costs compared to other age groups.
Teenagers can lower their insurance costs by strategically utilizing the good student discount or remaining listed as a driver on their parent's policy.
When compared to other car insurance companies, Geico turned out to be the cheapest car insurance company for young drivers in Denver, offering full coverage at an annual average cost of $2,002.
An analysis of car insurance rates for Denver 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 $1,387 per year.
Geico is the cheapest option for senior drivers in Denver, with an average premium of $1,523 a year, significantly lower than most competitors, based on Insurance.com's in-depth data analysis.
| Company | Teens | Young Adults | Adults | Seniors |
|---|---|---|---|---|
| Acuity Insurance | N/A | $5,487 | $4,484 | $4,089 |
| Southern Farm Bureau | $4,061 | $3,094 | $2,205 | $2,500 |
| Geico | $4,933 | $2,002 | $1,387 | $1,523 |
| USAA | $5,474 | $2,567 | $1,612 | $1,651 |
| State Farm | $6,007 | $3,503 | $2,154 | $2,048 |
| Auto-Owners | $6,496 | $4,352 | $2,768 | $2,668 |
| Allstate | $7,730 | $4,257 | $3,080 | $2,947 |
| Kemper Insurance | $8,087 | $4,191 | $2,323 | $2,512 |
| Progressive | $8,312 | $5,110 | $3,012 | $2,981 |
| Farmers | $8,942 | $4,676 | $3,966 | $3,971 |
Cheapest car insurance companies in Denver by driver profile
Insurers in Denver 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.
It's important to compare insurance quotes from at least three carriers to find the cheapest insurance company in Denver that suits your budget.
Here's a list of car insurance companies that offer cheap insurance rates in Denver 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 Denver drivers at about $1,661 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 | $1,661 |
| Nationwide | $1,912 |
| USAA | $2,685 |
| Progressive | $3,101 |
| State Farm | $3,130 |
| Allstate | $3,827 |
| Farmers | $4,548 |
Cheapest for drivers with a speeding ticket: USAA
In Denver, USAA provides the cheapest car insurance premiums for drivers aged 30 with speeding tickets on their record at an annual cost of $1,593, on average.
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 | $1,593 |
| State Farm | $1,698 |
| Nationwide | $1,916 |
| Geico | $1,932 |
| Progressive | $2,321 |
| Allstate | $2,546 |
| Farmers | $3,636 |
Cheapest auto insurance after an at-fault accident: State Farm
Finding affordable car insurance rates after an at-fault accident isn't easy, but if you compare quotes, you might find a policy that fits your budget.
In a recent data analysis, Insurance.com found that State Farm offers the cheapest car insurance rates for Denver drivers with at-fault accidents. It provides coverage at an average annual cost of $1,822.
| Company | Average annual rates |
|---|---|
| State Farm | $1,822 |
| USAA | $2,151 |
| Nationwide | $2,202 |
| Geico | $2,264 |
| Progressive | $2,938 |
| Allstate | $3,689 |
| Farmers | $4,213 |
Cheapest auto insurance after a DUI: State Farm
State Farm is the cheapest option for Denver drivers seeking affordable auto insurance rates after a DUI conviction, at an annual rate of $1,698, on average.
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 | $1,698 |
| Progressive | $2,565 |
| Nationwide | $3,073 |
| Geico | $3,077 |
| USAA | $3,077 |
| Allstate | $3,542 |
| Farmers | $4,347 |
Average car insurance cost in Denver
In Denver, the annual cost of car insurance for the coverage level of 100/300/100 is $2,337 or around $195 per month. However, the average yearly rate for state minimum coverage in Denver is $563.
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 |
|---|---|
| $2,337 | $563 |
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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