The car, truck, or SUV needing coverage is probably the most important factor when consumers are trying to find economical auto insurance for postal workers. Vehicles with economical engines, advanced safety features, or low incidents of liability claims will cost significantly less to insure than fast, unsafe models.
The data below shows insurance costs for a handful of the more affordable automobiles to buy coverage for.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 2WD | $1,188 |
| Ford F-150 XL Crew Cab 2WD | $1,334 |
| Ford Explorer XLT 2WD | $1,341 |
| Jeep Wrangler Rubicon 4WD 2-Dr | $1,334 |
| Hyundai Elantra GLS Touring Station Wagon | $1,364 |
| Honda Odyssey EX | $1,381 |
| Chevrolet Equinox LT 2WD | $1,408 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $1,435 |
| Ford Escape Limited 4WD | $1,477 |
| GMC Sierra SL Crew Cab 4WD | $1,510 |
| Dodge Grand Caravan CV | $1,527 |
| Chevrolet Silverado 3500HD LTZ Crew Cab 2WD | $1,564 |
| Ford Edge Limited 2WD | $1,581 |
| Volkswagen Jetta SE 2.5 Station Wagon | $1,594 |
| Chevrolet Malibu LS | $1,611 |
| Toyota RAV4 Sport 4WD | $1,616 |
| Toyota Camry Hybrid | $1,611 |
| Toyota Camry LE | $1,621 |
| Toyota Prius | $1,619 |
| Dodge Ram 3500 Crew Cab Laramie 2WD | $1,636 |
| Ford Focus SE 4-Dr Sedan | $1,690 |
| Chevrolet Impala LS | $1,695 |
| Jeep Grand Cherokee Laredo 2WD | $1,727 |
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Table data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, multi-policy, and homeowner. Table data does not factor in specific zip code location which can change coverage prices substantially.
By looking at the data, models like the Honda CR-V, Ford F-150, Ford Explorer, and Jeep Wrangler are most likely to be a few of the most budget-friendly vehicles to insure for postal employees.
For postal employees, one of the largest components that are looked at to help calculate the price you pay for insurance is your address in Colorado Springs. Areas with more people or higher crime rates are more likely to pay higher prices, whereas more rural areas tend to receive slightly lower rates.
The following table sorts the highest-priced areas in Colorado for postal workers to buy auto insurance in. Colorado Springs ranks #5 with an annual cost of $1,329 for the average insurance policy, which is around $111 monthly.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Pueblo | $1,397 |
| 2 | Denver | $1,383 |
| 3 | Aurora | $1,361 |
| 4 | Lakewood | $1,337 |
| 5 | Colorado Springs | $1,329 |
| 6 | Northglenn | $1,329 |
| 7 | Commerce City | $1,328 |
| 8 | Thornton | $1,320 |
| 9 | Arvada | $1,295 |
| 10 | Littleton | $1,293 |
| 11 | Security-Widefield | $1,291 |
| 12 | Ken Caryl | $1,274 |
| 13 | Westminster | $1,272 |
| 14 | Centennial | $1,265 |
| 15 | Highlands Ranch | $1,241 |
| 16 | Brighton | $1,235 |
| 17 | Parker | $1,233 |
| 18 | Castle Rock | $1,211 |
| 19 | Longmont | $1,168 |
| 20 | Broomfield | $1,167 |
| 21 | Grand Junction | $1,166 |
| 22 | Boulder | $1,159 |
| 23 | Greeley | $1,110 |
| 24 | Loveland | $1,063 |
| 25 | Fort Collins | $1,056 |
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Premium amounts are estimated as zip code location can lower or raise rates greatly.
Choosing a good quality insurance provider is difficult considering how many choices drivers have in Colorado. The company information listed below could help you pick which auto insurance companies you want to consider when shopping insurance around for postal workers. The ratings below include the largest companies in America, so smaller companies are not included in this list.
Top 10 Large Auto Insurance Providers Overall in Colorado Springs
- USAA
- American Family
- State Farm
- The Hartford
- AAA Insurance
- GEICO
- The General
- Titan Insurance
- Progressive
- Allstate
Rate difference between full and liability-only coverage
Finding cheaper car insurance is probably important to the majority of people, and a good way to pay less for insurance for postal workers is to not pay for full coverage. The example below shows the difference between auto insurance costs with full physical damage coverage compared to only buying liability only. Data assumes no claims or violations, $250 deductibles, single marital status, and no policy discounts are applied.
As an overall average, physical damage coverage costs $1,845 per year over liability only. Many drivers will wonder if full coverage is worth the money. There is no clear-cut formula for eliminating comprehensive and collision coverage on your policy, but there is a general guideline. If the yearly cost of comp and collision coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might want to consider buying only liability coverage.
For example, let’s pretend your vehicle’s settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would receive is $5,000 after the deductible is paid. If premium cost is more than $500 annually for your policy with full coverage, then it might be time to buy liability only.
There are a few situations where removing full coverage is not a good plan. If you have an outstanding loan on your vehicle, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should not eliminate full coverage.
The importance of shopping around
Colorado car insurance rates are determined by lots of factors that may substantially change the cost of having a policy. Turning one year older, buying a home, or getting a ticket for running a stop sign can produce rate changes resulting in some companies being affordable when they were higher priced.
Not only may your situation change, but insurers file new rates every year to reflect underwriting profits or losses. Higher than normal claim frequency or severity may result in higher priced premiums, while a better loss history can cause cheaper Colorado Springs car insurance rates.
For example, the bar chart below demonstrates which company has the cheapest car insurance in Colorado Springs, CO for a 45-year-old female driver with no accidents or violations, and a decent credit rating. If we estimate rates based on her current risk profile, The Hartford might quote the lowest car insurance rates in Colorado Springs at $1,021 annually. This is $557 less than the average policy premium paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO are the remainder of the best Colorado Springs, CO auto insurance companies.
In this example, we will give the driver from the above example a claim surcharge, a little lower credit rating, and a traffic citation. Due to the fact that every auto insurer has a proprietary method to determine rates, comparing prices will most likely result in a slightly different list of cheap Colorado Springs auto insurance companies as shown below.
Travelers now has the lowest car insurance rate in Colorado Springs with State Farm, American Family, Progressive, and Amica also having competitive pricing. This example shows why drivers need to compare as many rates as possible to get cheap insurance rates for postal workers.
Insurance rates are influenced by many things and change substantially, so the cheapest company when you bought your policy may now not even be in the top five.
The Colorado Springs, CO, insurance agents below can most likely provide answers to your questions and help you determine which car insurance policy is best, since many people would rather have some professional guidance when comparing insurance rates for postal employees. It can be difficult to find the best policy on your own, so agents can provide peace of mind knowing your coverage gives you suitable coverage if you ever need to use it. To find an agent nearest to you, click the button at the bottom.
Tom Calvin – State Farm Insurance Agent
1311 E Fillmore St – Colorado Springs, CO 80907 – (719) 473-3600
American Family Insurance – Mario Aragon Agency Inc.
1135 E Fillmore St – Colorado Springs, CO 80907 – (719) 570-0707
Progressive Insurance
12710 Voyager Pkwy – Colorado Springs, CO 80921 – (719) 582-2759
More insurance agents in Colorado Springs, CO
How to find cheaper auto insurance for postal workers
It’s not impossible to find cheaper rates, and here are some money-saving solutions that can help Colorado Springs drivers get cheaper car insurance.
- Higher comprehensive and collision coverage deductibles will save money
- Drive safe vehicles
- Better credit rating means better rates
- Prevent rate increases by staying accident-free
- Do not get traffic tickets
- Compare prices frequently to find the best deal
That last piece of advice is extremely critical, as we discussed in the article above. Rates in Colorado Springs fluctuate considerably, so drivers shouldn’t be resistant to switch to a new company if a cheaper rate is available.
Being loyal to a particular company is commendable, but it’s not a great idea if that dedication is costing major coinage every year. Now is a great time to compare rates and find cheaper insurance for postal workers.