Comparing quotes for cheap auto insurance is easier said than done, and deciding which company quotes the cheapest insurance rates for 19 year olds will require even more diligence.
Each auto insurance company uses slightly different criteria to set premium rates, so let’s rank the most competitive insurance companies in Colorado.
Best Cheap Insurance Rates for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $834 |
| 2 | Grange | $987 |
| 3 | USAA | $1,029 |
| 4 | GEICO | $1,141 |
| 5 | Nationwide | $1,143 |
| 6 | Travelers | $1,183 |
| 7 | Auto-Owners | $1,192 |
| 8 | State Farm | $1,222 |
| 9 | American Family | $1,262 |
| 10 | Progressive | $1,362 |
| 11 | Amica | $1,381 |
| 12 | California Casualty | $1,444 |
| 13 | Allied | $1,483 |
| 14 | Farmers | $1,565 |
| 15 | Colorado Farm Bureau | $1,576 |
| 16 | MetLife | $1,811 |
| 17 | Allstate | $2,076 |
| 18 | Encompass | $2,253 |
| 19 | Safeco | $2,447 |
| 20 | Titan | $2,630 |
| View More Rates Go | ||
The Hartford may offer some of the best car insurance rates in Colorado Springs at around $834 annually. This is $744 less than the average premium paid by Colorado drivers of $1,578. Grange, USAA, GEICO, and Nationwide would also be considered some of the lowest-priced Colorado Springs, CO car insurance companies.
In this example, if you have coverage with Nationwide and switched to Grange, you could earn yearly savings of in the vicinity of $156. Drivers with Travelers may save as much as $196 a year, and Auto-Owners policyholders might lower prices by up to $205 a year.
These prices are averaged for all insureds and vehicles and and are not calculated with a specific zip code for 19 year olds. So the company that has the lowest price for you may not even be in the top 21 companies in the list above. That’s why you need to compare prices as often as possible using your own driver data and vehicle information.
The vehicle driven is one of the biggest factors when comparing quotes for the best cheap auto insurance for 19 year olds. Vehicles with limited top-end speed, good crash test ratings, or a positive history of liability claims will cost substantially less to insure than high performance models. The table below features coverage premiums for the most economical automobiles to insure.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 2WD | $3,536 |
| Honda Accord EX 4-Dr Sedan | $3,546 |
| Ford Escape XLT 4WD | $3,578 |
| Toyota Prius | $3,870 |
| Dodge Grand Caravan CV | $3,952 |
| Ford Explorer XLT 4WD | $3,957 |
| Honda Civic DX 4-Dr Sedan | $4,157 |
| Chevrolet Impala LS | $4,167 |
| Chevrolet Equinox LS AWD | $4,199 |
| Toyota RAV4 Limited 4WD | $4,207 |
| Jeep Grand Cherokee Laredo 2WD | $4,199 |
| Toyota Tacoma Double Cab 4WD | $4,207 |
| Hyundai Elantra Blue 4-Dr Sedan | $4,407 |
| Toyota Corolla S | $4,449 |
| Ford Edge Limited AWD | $4,455 |
| Toyota Camry SE | $4,449 |
| Ford F-150 Lariat King Ranch 2WD | $4,494 |
| Ford Fusion Sport 4-Dr Sedan | $4,502 |
| Chevrolet Malibu LTZ | $4,494 |
| Volkswagen Jetta SE 4-Dr Sedan | $4,502 |
| Honda Odyssey Touring | $4,494 |
| Chevrolet Silverado LTZ Crew Cab 4WD | $4,500 |
| Hyundai Sonata GLS 4-Dr Sedan | $4,519 |
| Start a Quote Go | |
Data rating is based on single female driver age 19, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, and claim-free. Rate quotes do not factor in vehicle location which can lower or raise premium rates significantly.
Based upon these rates, you can figure that models like the Honda CR-V, Honda Accord, Ford Escape, and Toyota Prius are going to be some of the more affordable vehicles to insure for teenage drivers. The price for an auto insurance policy will tend to be higher just because there is more inherent risk for 19 year olds, but overall those particular models will tend to have the best rates compared to other vehicles.
For teenage drivers, one of the big factors that are looked at to help calculate the amount you pay each year for auto insurance is where your car is garaged. Cities with larger populations or higher claim trends tend to pay more, whereas areas with less people or fewer weather incidents profit from lower rates.
The next table lists the highest-priced areas in Colorado for 19 year olds to purchase auto insurance in. Colorado Springs is ranked at #6 with the yearly price of $1,329 for coverage, which is about $111 per month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Aurora | $1,417 |
| 2 | Pueblo | $1,412 |
| 3 | Denver | $1,397 |
| 4 | Commerce City | $1,368 |
| 5 | Lakewood | $1,337 |
| 6 | Colorado Springs | $1,329 |
| 7 | Centennial | $1,304 |
| 8 | Security-Widefield | $1,304 |
| 9 | Northglenn | $1,303 |
| 10 | Arvada | $1,295 |
| 11 | Littleton | $1,293 |
| 12 | Ken Caryl | $1,287 |
| 13 | Brighton | $1,285 |
| 14 | Highlands Ranch | $1,279 |
| 15 | Westminster | $1,272 |
| 16 | Thornton | $1,268 |
| 17 | Castle Rock | $1,248 |
| 18 | Parker | $1,233 |
| 19 | Boulder | $1,207 |
| 20 | Broomfield | $1,179 |
| 21 | Longmont | $1,133 |
| 22 | Grand Junction | $1,132 |
| 23 | Greeley | $1,122 |
| 24 | Fort Collins | $1,089 |
| 25 | Loveland | $1,063 |
| Compare Rates Now Go | ||
Prices are estimated as vehicle location can change price quotes significantly.
Full coverage rates compared to liability only
Saving on insurance should be important to most people, and one of the quickest ways to buy cheap insurance for 19 year olds is to buy only liability coverage. The information below illustrates the comparison of auto insurance rates with full physical damage coverage and with liability coverage only. The price estimates are based on no accidents, no driving violations, $100 deductibles, single status, and no discounts are applied.
If we average the cost for ages 20 through 70, physical damage coverage on your policy costs $2,743 per year over having just liability coverage. A very common question is if buying full coverage is a good investment. There is no exact formula of when to phase out physical damage coverage, but there is a guideline you can consider. If the annual cost of coverage is more than around 10% of replacement cost minus your deductible, then you might want to consider buying only liability coverage.
There are some situations where dropping full coverage is not in your best interest. If you have an outstanding loan on your vehicle, you have to carry full coverage to protect the lienholder’s interest. Also, if you don’t have enough money to buy a different vehicle if your current one is totaled, you should not consider dropping full coverage.
Get discounts on Colorado Springs insurance rates
Insurance providers that provide policies for 19 year olds could also offer discounts that could lower prices by 40% or more if you are eligible to receive them. The best insurance companies and their possible discounts are outlined below.
- GEICO policyholders can earn discounts including membership and employees, five-year accident-free, military active duty, driver training, and federal employee.
- Auto-Owners Insurance may offer discounts for safe vehicle, company car, paperless, safe driver, multiple vehicles, and anti-lock brakes.
- American Family offers discounts including Steer into Savings, early bird, good driver, air bags, accident-free, and TimeAway discount.
- Esurance has discounts for anti-theft, online quote, Switch & Save, claim free, and paid-in-full.
- Progressive may have discounts that include homeowner, multi-vehicle, continuous coverage, good student, online quote discount, and online signing.
- State Farm may include discounts for Steer Clear safe driver discount, accident-free, multiple autos, anti-theft, and good student.
- AAA discounts include AAA membership discount, anti-theft, multi-car, pay-in-full, good driver, education and occupation, and good student.
The chart below illustrates the difference between premium costs with and without discounts applied to the rates. The premiums assume a male driver, no tickets, no at-fault accidents, Colorado state minimum liability limits, full physical damage coverage, and $250 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with multiple vehicle, passive restraint, multiple policy, defensive driving course, claim-free, and vehicle safety discounts applied. In this example, theaverage yearly reduction on insurance for 19 year olds is 28% or $838.
How to find more affordable car insurance for 19 year olds
The list below summarizes a few thrifty suggestions that can help drivers quote more affordable car insurance.
- Improve your credit
- Save money by insuring older vehicles for liability only
- Drive a car with a high safety rating
- Raise deductibles to save money
- Tickets and violations raise rates
- Remain accident-free and save
- Compare price quotes at least once a year
That last piece of advice is incredibly significant, as was pointed out in the prior information. Prices charged by car insurance companies in Colorado Springs can change considerably in a year, so drivers shouldn’t be resistant to buy a policy from a new company if a better rate can be found. Brand loyalty is not necessarily bad, but is isn’t recommended if that loyalty results in overpaying a considerable chunk of change every month. Take a few minutes and shop around to find cheaper auto insurance for 19 year olds.
If you aren’t clear which coverage you need and would like to get some professional advice when comparing insurance rates for teenage drivers, the insurance agencies below can answer your questions and help you decide which auto insurance policy fits you best. To find a Colorado Springs insurance agent using an interactive map, click the button below the list.
- State Farm Agent Scott Richter
5885 Stetson Hills Blvd #130 – Colorado Springs, CO 80923 – (719) 591-2300 - ALINK Insurance Services- Colorado Springs Location
2407 W Colorado Ave – Colorado Springs, CO 80904 – (719) 473-6262 - Allstate Insurance: Wermers Agency Inc
1283 Kelly Johnson Blvd – Colorado Springs, CO 80920 – (719) 471-6777