The vehicle you are buying coverage for is a large factor in finding the lowest-priced car insurance for 20 year old women. Vehicles with lower performance, advanced safety features, or a low likelihood of liability claims will cost substantially less to insure than high performance models. The table below showcases coverage premiums for some of the most affordable automobiles to insure in Colorado.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 4WD | $2,498 |
| Honda Accord LX-P 4-Dr Sedan | $2,508 |
| Honda CR-V EX 4WD | $2,534 |
| Jeep Wrangler Sport 4WD 2-Dr | $2,607 |
| Hyundai Elantra SE Touring Station Wagon | $2,696 |
| Volkswagen Jetta S 2.5 Station Wagon | $2,705 |
| Toyota Prius | $2,735 |
| Ford F-150 STX Regular Cab 4WD | $2,802 |
| Dodge Grand Caravan SE | $2,807 |
| Ford Explorer XLT 4WD | $2,802 |
| Honda Odyssey EX W/Rear Entertainment | $2,928 |
| Chevrolet Malibu Hybrid | $2,964 |
| Jeep Grand Cherokee Laredo 2WD | $2,969 |
| Nissan Altima 2.5 4-Dr Sedan | $2,964 |
| Chevrolet Equinox LT 2WD | $2,972 |
| Toyota RAV4 Limited 4WD | $2,964 |
| Ford Fusion S 4-Dr Sedan | $2,972 |
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Data based on single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium amounts do not factor in the specific area where the vehicle is garaged which can modify price quotes significantly.
Based upon the table data, we can infer that makes and models like the Ford Escape, Honda Accord, and Honda CR-V should be some of the most affordable vehicles to insure for young women. The price for car insurance will be more expensive because of the fact that there is more liability risk for 20 year old women, but overall those models will have the cheapest car insurance rates available.
Shopping around for budget car insurance is difficult, and figuring out which company offers the lowest-priced car insurance rates for 20 year old women may require even more shopping around.
Every car insurance company has a proprietary formula for determining rates, so we’ll go over the car insurance companies with the most affordable rates in Colorado. Keep in mind that Colorado car insurance rates are impacted by many factors that will increase or decrease the price of your policy. This price variation is why drivers need to take the time to shop around when trying to find the cheapest auto insurance rates for 20 year old women. Insurance rates consist of many things and change dramatically, so the most economical option a year ago may now not even be in the top five.
Lowest Insurance Price Quotes for Women Age 20
The Hartford may have some of the most affordable car insurance rates in Colorado Springs at around $825 per year. Grange, USAA, GEICO, and Nationwide also are some of the cheapest Colorado Springs, CO auto insurance companies.
In the rate table above, if you currently have a policy with GEICO and switched to Grange, you might achieve annual savings of upwards of $192. Drivers with Nationwide could save as much as $194 a year, and Travelers customers might lower prices by $234 a year.
To discover how much you can save, click here to get a free quote or feel free to get quotes from the companies below.
Bear in mind that those policy rates are averaged across all drivers and vehicles and are not factoring in a vehicle location for 20 year old women. So the insurer that has the cheapest rates for you may not even be in the top 21 companies in the list above. That illustrates why you need to get rate quotes using your own personal information and vehicle type.
For young women, one of the big criteria that determine the amount you pay each year for auto insurance is your zip code. Regions with more people or even just more weather-related claims will most likely pay more, whereas areas with less congestion benefit from lower coverage costs.
The information below ranks the highest-priced places in Colorado for 20 year old women to buy an auto insurance policy in. Colorado Springs is listed at #4 having an annual price of $1,329 for car insurance, which is around $111 each month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Pueblo | $1,440 |
| 2 | Aurora | $1,417 |
| 3 | Denver | $1,397 |
| 4 | Colorado Springs | $1,329 |
| 5 | Commerce City | $1,328 |
| 6 | Lakewood | $1,324 |
| 7 | Thornton | $1,320 |
| 8 | Centennial | $1,317 |
| 9 | Security-Widefield | $1,304 |
| 10 | Northglenn | $1,290 |
| 11 | Westminster | $1,284 |
| 12 | Ken Caryl | $1,274 |
| 13 | Arvada | $1,269 |
| 14 | Highlands Ranch | $1,267 |
| 15 | Littleton | $1,267 |
| 16 | Castle Rock | $1,248 |
| 17 | Brighton | $1,247 |
| 18 | Parker | $1,220 |
| 19 | Boulder | $1,195 |
| 20 | Broomfield | $1,179 |
| 21 | Grand Junction | $1,154 |
| 22 | Longmont | $1,133 |
| 23 | Greeley | $1,110 |
| 24 | Loveland | $1,096 |
| 25 | Fort Collins | $1,067 |
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Rate quotes are approximated as the specific geographic location can alter coverage rates substantially.
Full coverage rates compared to liability-only
Saving money when shopping for car insurance should be important to most people, and one of the fastest ways to pay less for insurance for 20 year old women is to not pay for full coverage. The information below shows the comparison of car insurance costs with full coverage compared to only the Colorado minimum liability coverage. The information is based on no claims, a clean driving record, $100 deductibles, marital status is single, and no policy discounts are applied.
If averaged out across all ages, comp and collision coverage costs $2,696 per year more than just buying liability only. That is a big expense that brings up the question if you should buy full coverage at all. There is no clear-cut formula to eliminate physical damage coverage on your policy, but there is a broad guideline. If the annual cost of your full coverage insurance is 10% or more of the replacement cost minus the deductible, then it might be time to buy liability only.
How accidents and tickets impact rates
The common sense way to get good car insurance rates in Colorado for young women is to be a cautious driver and avoid accidents and traffic citations. The chart below illustrates how traffic citations and accidents can influence car insurance costs for different age groups of insureds. The price estimates are based on a married male driver, full physical damage coverage, $100 deductibles, and no policy discounts are applied.
In the example above, the average cost of a car insurance policy per year with no accidents or violations is $2,296. Get two speeding tickets and the average cost rises to $3,182, an increase of $886 each year. Then add one accident along with the two speeding tickets and the 12-month cost of car insurance for 20 year old women increases to an average of $4,090. That’s an increase of $1,794, or $150 per month, just for being a less-than-perfect driver!
The professional agents shown below can help you decide which auto insurance coverages would be the best in your situation, as lots of people like to have some advice when shopping for cheaper insurance for young women. It can be time-consuming to find the best policy yourself, so getting advice from a licensed Colorado insurance agent can add satisfaction knowing you have suitable coverage if you have an accident. To locate a Colorado Springs car insurance agency close to you, click the button after the list.
- Benson Insurance Group, LLC
5155 N Academy, #110 – Colorado Springs, CO 80918 – (719) 622-3079 - A Better Choice Auto Insurance
1863 N Circle Dr – Colorado Springs, CO 80909 – (719) 667-1301 - State Farm: Dan Lewis
1867 S Academy Blvd – Colorado Springs, CO 80916 – (719) 434-3944 - Jensen Insurance Agency
125 N Parkside Dr #201f – Colorado Springs, CO 80909 – (719) 635-9557 - ALINK Insurance Services- Colorado Springs Location
2407 W Colorado Ave – Colorado Springs, CO 80904 – (719) 473-6262
More Colorado Springs, CO insurance agents
How to find budget-friendly insurance for 20 year old women
The list below shows some of the better money-saving solutions that can help Colorado Springs drivers get cheap auto insurance.
- Safer vehicles cost less to insure
- Do not insure for full coverage
- Buying home and auto together can help save money
- Improve your credit
- Try to not file small claims
- Increase your deductibles
- Ensure you have the best deal by shopping around regularly
The last item on the list is very significant, as we hit on in the article above. Prices charged by auto insurers in Colorado Springs change frequently, so don’t hesitate to change to a new company if you find a cheaper price. Being loyal to a particular company is commendable, but it’s not a good idea if that dedication is costing money that could be going to better use. In just a few minutes you could shop around to find cheaper auto insurance for 20 year old women.