The car, truck, or SUV you are seeking coverage for is probably the most important factor when trying to find the lowest-priced coverage for 17 year olds. Vehicles with higher performance, poor safety ratings, or a history of substantial liability claims will cost more to insure than more modest models.
The information below outlines insurance rates for a number of the most affordable automobiles to insure.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 2WD | $4,280 |
| Ford Escape XLT 4WD | $4,322 |
| Toyota Prius | $4,635 |
| Chevrolet Silverado LS Regular Cab 4WD | $4,764 |
| Ford Edge SE 2WD | $4,774 |
| Ford F-150 STX Regular Cab 4WD | $4,806 |
| Jeep Wrangler Sahara 4WD 2-Dr | $4,814 |
| Dodge Grand Caravan SE | $4,806 |
| Nissan Altima 2.5 4-Dr Sedan | $5,077 |
| Toyota RAV4 2WD | $5,085 |
| Chevrolet Impala LT | $5,077 |
| Toyota Camry LE | $5,086 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $5,118 |
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Data based on single female driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, and claim-free. Estimates do not factor in specific zip code location which can change coverage prices significantly.
Based upon the rates shown, you can assume that models like the Honda CR-V, Ford Escape, Toyota Prius, Chevrolet Silverado, and Ford Edge are most likely to be a few of the most budget-friendly vehicles to insure for teen drivers. The price for an auto insurance policy will tend to be more expensive because there is more exposure for 17 year olds, but overall those makes and models will probably have the cheapest car insurance rates available.
For teen drivers, one of the more important components that are looked at to help calculate auto insurance rates is your address. More densely populated places tend to have higher auto insurance costs, whereas less populated areas have the gratification of cheaper auto insurance rates.
The next table sorts the highest-priced places in Colorado for 17 year olds in which to buy car insurance. Colorado Springs ranks #8 with an annual premium of $1,329 for the average insurance policy, which is around $111 monthly.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Aurora | $1,417 |
| 2 | Pueblo | $1,397 |
| 3 | Denver | $1,383 |
| 4 | Commerce City | $1,368 |
| 5 | Security-Widefield | $1,343 |
| 6 | Northglenn | $1,342 |
| 7 | Lakewood | $1,337 |
| 8 | Colorado Springs | $1,329 |
| 9 | Ken Caryl | $1,313 |
| 10 | Arvada | $1,308 |
| 11 | Thornton | $1,307 |
| 12 | Littleton | $1,293 |
| 13 | Brighton | $1,285 |
| 14 | Westminster | $1,284 |
| 15 | Centennial | $1,278 |
| 16 | Castle Rock | $1,261 |
| 17 | Parker | $1,257 |
| 18 | Highlands Ranch | $1,241 |
| 19 | Boulder | $1,207 |
| 20 | Broomfield | $1,203 |
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Premium costs are approximated as the specific geographic location can impact coverage rates noticeably.
Deciding which companies quote the most affordable car insurance rates for 17 year olds will require a tad more effort than just comparing rates from one or two companies.
Every auto insurer uses different criteria for setting prices, so let’s take a look at the most affordable car insurance companies in Colorado Springs, CO. It’s important to understand that Colorado Springs, CO car insurance rates are impacted by many factors which can significantly increase or decrease your annual premium. Turning one year older, having a teenage driver, or getting a few speeding tickets can trigger price changes that can now make some companies cheaper than competitors.
Find Cheaper Auto Insurance for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $834 |
| 2 | Grange | $958 |
| 3 | USAA | $1,039 |
| 4 | Nationwide | $1,143 |
| 5 | Travelers | $1,171 |
| 6 | GEICO | $1,187 |
| 7 | Auto-Owners | $1,204 |
| 8 | State Farm | $1,259 |
| 9 | American Family | $1,275 |
| 10 | Progressive | $1,322 |
| 11 | Amica | $1,381 |
| 12 | California Casualty | $1,458 |
| 13 | Allied | $1,483 |
| 14 | Colorado Farm Bureau | $1,592 |
| 15 | Farmers | $1,629 |
| 16 | MetLife | $1,830 |
| 17 | Allstate | $1,994 |
| 18 | Encompass | $2,231 |
| 19 | Safeco | $2,472 |
| 20 | Titan | $2,738 |
| Find Cheaper Rates Go | ||
The Hartford quotes some of the lowest car insurance rates in Colorado Springs at around $834 per year. Grange, USAA, Nationwide, and Travelers would also make the list of some of the more affordable Colorado Springs, CO car insurance companies.
As illustrated above, if you currently have a policy with Nationwide and switched to Grange, you might see a yearly price reduction of in the vicinity of $185. Drivers with Travelers might save as much as $213 a year, and GEICO insureds might reduce rates by $229 a year.
These prices are averaged across all types of drivers and the different vehicles they drive and and are not calculated with an exact zip code location for 17 year olds. So the company that can offer you the lowest price may not even be in the list above. That points out the importance of why you need to get rate quotes using your own driver information and specific vehicle type.
Colorado car insurance companies
Buying coverage from a highly-rated insurance company can be rather challenging considering how many companies are available to choose from in Colorado. The rank data in the lists below could help you decide which auto insurers to look at buying from.
The ratings below are only made up of major nationwide insurance companies, so companies that focus mainly on Colorado business are not included in these rankings. To compare rates from these and other top-rated companies, simply click here.
| 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 |
| Nationwide | 87 | 88 | 84 | 90% | A+ | 88.7 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
| Safeco | 85 | 85 | 85 | 86% | A | 85.8 |
| Travelers | 80 | 87 | 87 | 83% | A++ | 85.2 |
| Farmers Insurance | 78 | 87 | 88 | 79% | A | 84.3 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Bad driving habits will cost you more
One of the best ways to receive good car insurance premiums for teen drivers is to be a safe driver and avoid at-fault accidents and violations. The illustration below demonstrates how traffic citations and at-fault fender-benders can impact insurance rates for each age group. The data assumes a married male driver, comprehensive and collision coverage, $100 deductibles, and no policy discounts are applied.
In the previous example, the average cost of car insurance in Colorado per year with a clean driving record and no accidents is $1,720. Get written up for one speeding ticket and the average cost hikes up to $1,973, an increase of $254 each year. Then add two accidents along with the one speeding ticket and the yearly cost of car insurance for 17 year olds increases to an average of $4,104. That’s an increase of $2,384, or $199 per month, just for not being a responsible driver!
Here’s why price comparisons are so important
Colorado Springs, CO car insurance rates are impacted by many factors which can significantly increase or decrease the policy premium. Simply having another birthday, having a teenage driver, or getting into an accident can produce rate changes that may make certain companies cheaper than others. Not only may your risk profile change, but insurance companies amend premium rates every year in order to maintain liquidity for claims. Significantly higher losses can result in more expensive premiums, while profitable underwriting can result in more affordable Colorado Springs car insurance rates.
To illustrate this example, the bar chart below shows which company has the cheapest car insurance in Colorado Springs, CO for a 30-year-old male driver with no violations or accidents, and a high credit rating. When quoting prices based on his current risk profile, The Hartford offers the lowest car insurance rates in Colorado Springs at $1,049 a year. This is $529 less than the average rate paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO are also included in the cheapest Colorado Springs, CO auto insurance companies.
In this next rate comparison, we will give the driver in the first example an accident surcharge, poor credit, and a speeding citation. Since each insurance company has their own guidelines to set policy rates, comparing rates may now result in a different ranking of affordable companies as shown below.
Travelers now has the best price in Colorado Springs, CO with State Farm, American Family, Grange, and Amica also being competitive. This illustrates why Colorado drivers need to compare lots of rates when trying to get affordable car insurance quotes for 17 year olds.
Rates are determined by many things and can decrease or increase without notice, so the best price the last time you compared rates may now be quite expensive.