Who Has Affordable Auto Insurance Rates for Unemployed Drivers in Colorado Springs?

It’s impossible to miss the catchy advertisements from auto insurance companies like Liberty Mutual, Progressive, and Farmers that make claims of big savings, so drivers just need to pick the company with the cutest commercial, right?

It’s not that easy, however, as there are a whole bunch of unknown aspects such as whether you are single or married, if you have ever had a gap in coverage, and the level of liability coverage you want, that all impact the price you pay. This article will discuss the different scenarios that increase car insurance cost and will hopefully give you a good start to your coverage search.

For the unemployed, one of the more important components that aid in calculating the annual cost of car insurance is the neighborhood you call home in Colorado Springs. Areas with more people or even just a higher incidence of claims tend to have more expensive car insurance rates, whereas less populated areas tend to receive slightly lower rates.

The table below sorts the most expensive areas in Colorado for unemployed drivers in which to purchase auto insurance. Colorado Springs makes the list at #6 with a yearly cost of $1,329 for the average policyholder, which is about $111 each month.

Car insurance prices in Colorado Springs
Rank City Annual Premium
1 Pueblo $1,455
2 Denver $1,425
3 Aurora $1,403
4 Commerce City $1,354
5 Lakewood $1,337
6 Colorado Springs $1,329
7 Northglenn $1,329
8 Arvada $1,308
9 Security-Widefield $1,304
10 Ken Caryl $1,287
11 Thornton $1,281
12 Brighton $1,273
13 Highlands Ranch $1,267
14 Centennial $1,265
15 Parker $1,257
16 Littleton $1,254
17 Westminster $1,234
18 Castle Rock $1,211
19 Boulder $1,207
20 Longmont $1,168
21 Broomfield $1,167
22 Grand Junction $1,154
23 Greeley $1,110
24 Loveland $1,107
25 Fort Collins $1,067
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Annual rates are approximated as the specific garaging location can impact auto insurance rates greatly.

The type of vehicle you are seeking coverage for is a large factor when shopping around for affordable auto insurance for unemployed drivers. Vehicles with limited top-end speed, an excellent safety record, or a track record of few liability claims will cost significantly less to insure than fast, unsafe models. The next table estimates car insurance costs for a number of the most budget-friendly vehicles to insure in Colorado.

Cheapest Vehicles to Insure in Colorado Springs, CO
Make, Model, and Trim Level Estimated Cost for Full Coverage
Ford Escape XLT 4WD $1,260
Honda Accord LX-P 4-Dr Sedan $1,348
Toyota Prius $1,365
Honda CR-V EX 2WD $1,393
Ford Explorer Eddie Bauer 4WD $1,485
Volkswagen Jetta S 2.5 Station Wagon $1,505
Toyota Corolla S $1,538
Kia Optima LX $1,563
Jeep Grand Cherokee Limited 4WD $1,565
Honda Odyssey EX W/Rear Entertainment $1,572
Chevrolet Impala LT $1,598
Chevrolet Equinox LT 2WD $1,608
Ford Edge SE AWD $1,605
Jeep Wrangler Unlimited Sport 2WD 4-Dr $1,614
Chevrolet Malibu Hybrid $1,643
GMC Sierra 2500HD SLT Extended Cab 4WD $1,651
Toyota RAV4 4WD $1,643
Chevrolet Silverado Crew Cab Hybrid 4WD $1,670
Toyota Camry Hybrid $1,677
Dodge Grand Caravan Crew $1,678
Ford F-150 SVT Raptor Super Cab 4WD $1,683
Ford Focus SES 4-Dr Sedan $1,683
Toyota Tacoma X-Runner 2WD $1,685
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Prices above based on single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Table data does not factor in vehicle location which can increase or decrease premium rates noticeably.

Based on these rates, we can expect vehicles like the Ford Escape, Honda Accord, and Toyota Prius are going to be the cheaper vehicles to insure for the unemployed.

The example below demonstrates how deductible levels can influence insurance costs when researching cheap insurance for unemployed drivers. The premiums assume a single female driver, comp and collision included, and no additional discounts are factored in.

In the chart above, a 30-year-old driver could lower their policy premium by $432 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $648 by choosing a $1,000 deductible. Youthful drivers, like the Age 20 chart data, could reduce their rates up to $966 each year just by choosing larger deductibles. If you make the decision to raise deductibles, it is important to have emergency funds available to satisfy the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.

Selecting the right auto insurance provider is hard considering how many choices there are in Colorado. The ranking information below could help you select which car insurance providers you want to consider when insurance shopping for unemployed drivers.

These rankings only include the largest auto insurers in America, so companies that only write business in Colorado or surrounding areas are not included in the list. To check rates from the insurers below and more, click here.

Top Ten Auto Insurance Companies for Unemployed Drivers in Colorado Springs, CO
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 98 100 100 94% A++ 98.6
American Family 98 89 100 86% A 95.4
State Farm 88 93 96 90% A++ 92.4
The Hartford 94 92 90 89% A+ 91.7
AAA Insurance 88 89 95 91% A 91.2
GEICO 84 93 93 89% A++ 90.3
The General 89 91 89 88% A- 90
Titan Insurance 90 87 91 95% A+ 89.6
Progressive 84 91 93 87% A+ 89.5
Allstate 85 90 92 88% A+ 89.3
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Data Source: Insure.com Best Car Insurance Companies

The Colorado Springs auto insurance agencies shown below can help you decide which auto insurance policy fits you best, since some drivers wish to get some professional advice when buying car insurance for unemployed drivers. It can be challenging to find coverage yourself, so getting advice from a licensed Colorado insurance agent can provide satisfaction knowing you have adequate protection in the event of a claim.

To locate a Colorado Springs car insurance agency in your neighborhood, click the link at the bottom.

Carlos Gonzalez, Jr. – State Farm Insurance Agent
1710 S Circle DrColorado Springs, CO 80910(719) 900-7431

Insurance Network of Co
2525 W Pikes Peak Ave # CColorado Springs, CO 80904(719) 635-9720

Bob Hawkins – State Farm Insurance Agent
5490 Powers Center Point #132Colorado Springs, CO 80920(719) 418-3377

More Colorado Springs, CO insurance agents

How to find economical auto insurance for unemployed drivers

The list below details some of the better thrifty ideas that can help Colorado Springs drivers get low-cost coverage.

The last item on the list is remarkably valuable, as was emphasized in the prior article. Rates can be adjusted at any time, so don’t hesitate to buy from a new company if a better deal can be had.

Many consumers stick with the same company and that’s fine, but it’s not a great idea if your bullheadedness ends up costing you lots of money. It only take a few minutes to compare prices and find cheaper car insurance for unemployed drivers in Colorado Springs.