Who Has Affordable Colorado Springs Auto Insurance for 17 Year Olds?

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.

Cheapest Vehicles to Insure in Colorado Springs, CO
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.

How much is car insurance in Colorado Springs?
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.

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Cheapest Colorado car insurance ranked by price
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
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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.

Best Car Insurance Companies for 17 Year Olds in Colorado
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
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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.