You have probably seen the commercials from insurers like The General and Progressive guaranteeing enormous savings. So you should just pick the company with the cutest commercial, right?
It’s not quite that easy, unfortunately, as there are a lot of unknowns such as if you own or rent your home, whether you are female or male, and if you have a tendency to get into accidents. This article will detail these topics and also should give you a good start in finding the cheapest insurance.
The vehicle model that needs insurance is one of the largest considerations that determines whether or not you can buy cheap auto insurance for felons. Vehicles with economical engines, a great safety record, or a track record of few liability claims will cost quite a bit less to insure than higher performance models.
The list below ranks auto insurance prices for a handful of the cheapest vehicles to buy insurance for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 4WD | $1,144 |
| Honda Accord LX 4-Dr Sedan | $1,283 |
| Honda CR-V LX 4WD | $1,291 |
| Chevrolet Malibu Hybrid | $1,324 |
| Chevrolet Impala LT | $1,329 |
| Toyota Tacoma Double Cab 4WD | $1,324 |
| Ford F-150 Lariat Crew Cab 4WD | $1,350 |
| Hyundai Elantra SE Touring Station Wagon | $1,391 |
| Nissan Altima Hybrid 4-Dr Sedan | $1,420 |
| Chevrolet Equinox LTZ AWD | $1,430 |
| Chevrolet Silverado 2500HD LTZ Crew Cab 4WD | $1,420 |
| Honda Civic Hybrid 4-Dr Sedan | $1,425 |
| Ford Explorer XLT 4WD | $1,439 |
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Premium data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Price estimates do not factor in specific location information which can revise premium rates significantly.
Based upon the table data, you can infer that models like the Ford Escape, Honda Accord, and Honda CR-V are likely to be the most economical vehicles to insure for felons.
For felons, one of the largest considerations that aid in calculating car insurance rates is your zip code in Colorado Springs. Areas with more people or more claims tend to pay slightly more, whereas areas with less congestion receive better rates.
The next table shows the most costly cities in Colorado for felons to purchase auto insurance in. Colorado Springs comes in at #13 with the yearly price of $1,277 on average, which is about $106 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Denver | $1,425 |
| 2 | Pueblo | $1,412 |
| 3 | Aurora | $1,403 |
| 4 | Lakewood | $1,324 |
| 5 | Commerce City | $1,314 |
| 6 | Arvada | $1,308 |
| 7 | Security-Widefield | $1,304 |
| 8 | Centennial | $1,304 |
| 9 | Northglenn | $1,290 |
| 10 | Ken Caryl | $1,287 |
| 11 | Thornton | $1,281 |
| 12 | Highlands Ranch | $1,279 |
| 13 | Colorado Springs | $1,277 |
| 14 | Westminster | $1,272 |
| 15 | Littleton | $1,267 |
| 16 | Brighton | $1,235 |
| 17 | Parker | $1,233 |
| 18 | Castle Rock | $1,224 |
| 19 | Boulder | $1,207 |
| 20 | Broomfield | $1,203 |
| 21 | Longmont | $1,133 |
| 22 | Grand Junction | $1,132 |
| 23 | Greeley | $1,122 |
| 24 | Loveland | $1,074 |
| 25 | Fort Collins | $1,067 |
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Information shown are comparative as the vehicle garaging location can lower or raise premiums substantially.
Comparing quotes for low-cost car insurance is difficult, and finding out which companies have the lowest-priced car insurance rates for felons involves even more work. Each auto insurer uses a different method to determine rates, so we need to take a look at the most competitive car insurance companies in Colorado.
It’s important to know that Colorado Springs, CO car insurance rates are impacted by many things that may substantially change the price you have to pay for coverage. That is why it is critical to perform a complete rate comparison to get the cheapest insurance rates for felons. Auto insurance prices can be altered by many risk factors and can change without notice, so the best price the last time you shopped your coverage around may now be quite expensive.
Compare Cheap Insurance Quotes for Felons
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $850 |
| 2 | Grange | $958 |
| 3 | USAA | $1,039 |
| 4 | Nationwide | $1,155 |
| 5 | Travelers | $1,183 |
| 6 | GEICO | $1,187 |
| 7 | Auto-Owners | $1,204 |
| 8 | State Farm | $1,246 |
| 9 | American Family | $1,314 |
| 10 | Progressive | $1,336 |
| 11 | Amica | $1,394 |
| 12 | Allied | $1,453 |
| 13 | California Casualty | $1,458 |
| 14 | Farmers | $1,581 |
| 15 | Colorado Farm Bureau | $1,592 |
| 16 | MetLife | $1,830 |
| 17 | Allstate | $1,994 |
| 18 | Encompass | $2,187 |
| 19 | Safeco | $2,472 |
| 20 | Titan | $2,711 |
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The Hartford normally has some of the best car insurance rates in Colorado Springs at around $850 a year. This is $728 less than the average premium paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and Travelers also rank well as some of the cheapest Colorado Springs, CO car insurance companies.
As shown in the rates above, if you buy coverage from Travelers and switched to Grange, you might see savings of approximately $225. Colorado drivers with GEICO may save as much as $229 a year, and Auto-Owners policyholders might lower prices by up to $246 a year.
Remember that these policy prices are averaged across all insureds and vehicles and and are not figured with a specific zip code for felons. So the auto insurance company that fits your age and vehicle best may not even be in the top 21 companies in the list above. That emphasizes why you need to get quotes using your own driver and vehicle profiles.
Liability only or full coverage
Saving money when shopping for car insurance should be important to most people, and one of the best ways to buy cheaper insurance for felons is to only buy liability coverage. The illustration below visualizes the comparison of premium costs with full coverage and liability only. The rates are based on no claims, a clean driving record, $500 deductibles, drivers are single, and no discounts are applied.
If we average all the age groups together, physical damage coverage costs $1,656 per year more than carrying just liability coverage. Many drivers may wonder if you should buy full coverage. There is no exact rule of when to phase out comp and collision coverage, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than 10% of replacement cost minus your deductible, then it could be time to drop full coverage.
How careless driving impacts car insurance rates
The recommended way to receive low car insurance rates for felons is to drive safely and avoid getting tickets or having accidents. The chart below demonstrates how speeding tickets and at-fault collisions increase insurance costs for each different age category. The rates are based on a married male driver, full physical damage coverage, $1,000 deductibles, and no additional discounts are factored in.
In the previous example, the average cost of auto insurance in Colorado Springs per year with no accidents and a clean driving record is $1,359. Add in two speeding tickets and the average cost hikes up to $1,868, an increase of $509 each year. Then add in one accident along with the two speeding tickets and the annual cost of car insurance for felons goes up to an average of $2,385. That’s an increase of $1,026, or $86 per month, just for not being a responsible driver!
Get discounts on Colorado Springs insurance rates
Insurance providers that offer cheap quotes for felons may also give you discounts that can lower rates by as much as 35% if you are eligible. The best car insurance companies and a partial list of their discounts are shown below.
- AAA has savings for good student, good driver, multi-policy, multi-car, education and occupation, and AAA membership discount.
- Progressive offers discounts including online signing, continuous coverage, online quote discount, multi-vehicle, multi-policy, and good student.
- State Farm has discounts for good student, multiple autos, defensive driving training, anti-theft, accident-free, driver’s education, and good driver.
- Esurance discounts include multi-car, multi-policy, renters, Pac-12 alumni, defensive driver, online shopper, and claim free.
- Nationwide policyholders can earn discounts including good student, business or organization, multi-policy, family plan, and anti-theft.
The information below illustrates the difference between yearly insurance costs with and without discounts applied. The premiums are based on a female driver, no claims or violations, Colorado state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with multiple policy, passive restraint, defensive driving course, claim-free, vehicle safety, and marriage discounts applied. When drivers qualify for the discounts, the average savings per year on car insurance for felons is 28% or $588.
If you have coverage questions and would like to have a professional recommendation when comparing insurance rates for felons, the agents listed below can aid you in deciding which insurance coverage you need.
To locate an agency near you, click the button link following the list or click here to get price quotes now.
- Roberto Martinez – State Farm Insurance Agent
1216 Academy Blvd N – Colorado Springs, CO 80909 – (719) 574-0210 - ALINK Insurance Services- Colorado Springs Location
2407 W Colorado Ave – Colorado Springs, CO 80904 – (719) 473-6262 - Jensen Insurance Agency
125 N Parkside Dr #201f – Colorado Springs, CO 80909 – (719) 635-9557 - American Family Insurance – Diane Christensen
1957 W Uintah St – Colorado Springs, CO 80904 – (719) 477-1636