For law enforcement personnel, one of the more important factors that are looked at to determine the annual cost of car insurance is your zip code. Areas with high crime rates or more dense population will most likely pay more, whereas areas with lower vehicle theft rates and fewer weather claims benefit from having to pay less for coverage.
The next table ranks the highest-priced places in Colorado for police officers to buy an auto insurance policy in. Colorado Springs ranks #6 with the yearly price of $1,329 for coverage, which is about $111 monthly.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Pueblo | $1,440 |
| 2 | Denver | $1,383 |
| 3 | Lakewood | $1,378 |
| 4 | Aurora | $1,361 |
| 5 | Commerce City | $1,354 |
| 6 | Colorado Springs | $1,329 |
| 7 | Thornton | $1,320 |
| 8 | Centennial | $1,304 |
| 9 | Arvada | $1,295 |
| 10 | Security-Widefield | $1,291 |
| 11 | Northglenn | $1,290 |
| 12 | Ken Caryl | $1,274 |
| 13 | Parker | $1,270 |
| 14 | Littleton | $1,267 |
| 15 | Castle Rock | $1,248 |
| 16 | Brighton | $1,235 |
| 17 | Westminster | $1,234 |
| 18 | Highlands Ranch | $1,229 |
| 19 | Broomfield | $1,215 |
| 20 | Boulder | $1,195 |
| 21 | Greeley | $1,156 |
| 22 | Grand Junction | $1,154 |
| 23 | Longmont | $1,133 |
| 24 | Loveland | $1,107 |
| 25 | Fort Collins | $1,100 |
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Rate quotes are comparative as zip code location can alter coverage rates greatly.
The make and model of vehicle requiring insurance is one of the largest considerations when comparison shopping for the lowest-priced car insurance for police officers. Vehicles with lots of speed or power, poor safety features, or a history of substantial liability claims will cost substantially more to insure than more modest models. The data below outlines car insurance premiums for the most cost-effective automobiles to insure in Colorado.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX-P 4-Dr Sedan | $1,242 |
| Honda CR-V LX 4WD | $1,280 |
| Ford Escape XLT 4WD | $1,314 |
| Jeep Wrangler Unlimited Sahara 2WD 4-Dr | $1,383 |
| Toyota Tacoma 4WD | $1,390 |
| Ford Focus SES 4-Dr Sedan | $1,398 |
| Dodge Grand Caravan CV | $1,390 |
| Ford Explorer Eddie Bauer 2WD | $1,400 |
| Toyota Prius | $1,417 |
| Chevrolet Equinox LTZ AWD | $1,441 |
| Ford F-150 XL Super Cab 4WD | $1,446 |
| Nissan Altima 2.5 4-Dr Sedan | $1,472 |
| Chevrolet Impala LT | $1,480 |
| Volkswagen Jetta LE 4-Dr Sedan | $1,472 |
| Chevrolet Malibu Hybrid | $1,480 |
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Price data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Estimates do not factor in specific location which can affect prices noticeably.
By looking at the data, we can tell that makes and models like the Honda Accord, Honda CR-V, Ford Escape, Jeep Wrangler, and Toyota Tacoma are likely to be some of the most economical vehicles to insure for law enforcement personnel.
Impact of careless driving on Colorado Springs insurance rates
The easiest method to score the best insurance prices in Colorado Springs for law enforcement personnel is to drive carefully and have a clean driving record. The illustration below demonstrates how traffic citations and at-fault collisions can influence car insurance costs for different categories of driver ages. The premiums assume a single female driver, full physical damage coverage, $500 deductibles, and no discounts are factored in.
The data above shows the average cost of an auto insurance policy in Colorado per year with no accidents and a clean driving record is $1,578. Add in two speeding tickets and the average cost swells to $2,108, an increase of $530 each year. Now get one accident along with the two speeding tickets and the 12-month cost of insurance for police officers jumps again to an average of $2,640. That’s an increase of $1,062, or $89 per month, just for not being attentive to the road!
Types of discounts on Colorado Springs car insurance
Insurance companies that offer coverage for police officers may provide policy discounts that may potentially lower prices by as much as 35% or more if you are eligible for them. A list of insurance companies and some of the discounts are:
- State Farm discounts include good student, Drive Safe & Save, accident-free, passive restraint, and student away at school.
- Nationwide offers premium reductions for Farm Bureau membership, anti-theft, good student, multi-policy, defensive driving, business or organization, and family plan.
- GEICO may offer discounts for federal employee, air bags, multi-vehicle, emergency military deployment, military active duty, seat belt use, and anti-theft.
- AAA has savings for multi-policy, multi-car, anti-theft, good student, pay-in-full, education and occupation, and good driver.
- 21st Century offers discounts including homeowners, driver training, early bird, 55 and older, theft prevention, and automatic seat belts.
- The Hartford policyholders can earn discounts including bundle, vehicle fuel type, driver training, anti-theft, air bag, and defensive driver.
The example below visualizes the comparison of insurance rates with and without policy discounts. Data assumes a male driver, a clean driving record, no at-fault accidents, Colorado state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with accident-free, anti-theft, passive restraint, marriage, multiple vehicle, and multiple policy discounts applied. In this example, theaverage yearly reduction on insurance for police officers is 28% or $750.
Low rates can quickly become overpriced
Colorado insurance rates are influenced by many factors which can substantially decrease or increase your annual premium. Improving your credit score, buying another vehicle, or getting a couple of tickets can produce rate changes that can now make some companies cheaper than before.
And not only may your rating factors change, but auto insurance companies amend premium rates as often as every three months to adjust for gains or losses. Higher than normal claim frequency or severity can result in more expensive prices, while lower claim levels may produce lower-cost Colorado Springs car insurance rates.
As an example, the data below shows rates for the cheapest car insurance in Colorado Springs, CO for a 30-year-old female driver with no accidents, a clean driving record, and good credit. When quoting prices based on her current situation, The Hartford might quote the lowest car insurance rates in Colorado Springs at $1,001 a year. This is $577 less than the average price paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and Auto-Owners are also on the list of the most affordable Colorado Springs, CO auto insurance companies.
In the next rate comparison, we’ll give the driver from above a couple of claims, a lower credit rating, and a couple of points charged on her driving record. Since each company has a different process to set policy rates, comparing rates will most likely result in a slightly different list of affordable Colorado Springs car insurance companies as shown below.
Travelers now has the best price on car insurance in Colorado Springs, CO with State Farm, American Family, Progressive, and Amica now being in the top five. This illustrates why it is critical to compare many different companies to find the most affordable auto insurance quotes for police officers. Car insurance prices are made up of many different factors and can change substantially, so the best company the last time you checked may now be an over-priced policy.