Wouldn’t life be great if we could look into our crystal ball and tell you that one special company that has the most affordable coverage for welfare recipients? It’s not that simple, unfortunately, as there are a whole bunch of unknown factors like what liability limits you need, how old you are, and your marital status, that all factor into the price you pay. The information below will cover the types of situations that result in high rates and should give you a jump start in finding the best auto insurance in Colorado.
Finding good, low-priced insurance is not always easy, and finding out which company has the lowest-priced car insurance rates for welfare recipients requires even more diligence.
Every insurance provider uses different criteria to determine rates, so to begin we’ll rank the car insurance companies that tend to be cheaper in Colorado.
Best Insurance Companies in Colorado
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $834 |
| 2 | Grange | $949 |
| 3 | USAA | $999 |
| 4 | Nationwide | $1,109 |
| 5 | GEICO | $1,141 |
| 6 | Auto-Owners | $1,192 |
| 7 | State Farm | $1,209 |
| 8 | Travelers | $1,219 |
| 9 | American Family | $1,301 |
| 10 | Amica | $1,340 |
| 11 | Progressive | $1,362 |
| 12 | California Casualty | $1,458 |
| 13 | Allied | $1,483 |
| 14 | Farmers | $1,613 |
| 15 | Colorado Farm Bureau | $1,640 |
| 16 | MetLife | $1,885 |
| 17 | Allstate | $2,055 |
| 18 | Encompass | $2,187 |
| 19 | Safeco | $2,522 |
| 20 | Titan | $2,657 |
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The Hartford generally has some of the most affordable 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, Nationwide, and GEICO also rank well as some of the lowest-priced Colorado Springs, CO car insurance companies.
As shown above, if you have coverage with USAA and switched to The Hartford, you may realize annual savings of about $165. Colorado drivers with Nationwide may save as much as $275 a year, and GEICO policyholders might see rate reductions of $307 a year.
It’s important to note that these policy rates are averaged across all drivers and vehicles and and are not figured with a specific location for welfare recipients. So the car insurance company that fits your situation best may not even be in the top 21 companies in the list above. That’s why you need to compare as many prices as possible using your own specific driver and vehicle information.
One of the many things that aid in calculating the annual cost of car insurance is where your car is garaged. Cities with larger populations will most likely pay more, whereas areas with lower crime rates and fewer weather claims receive better rates.
The table below sorts the highest-priced places in Colorado for welfare recipients to purchase auto insurance in. Colorado Springs shows up at #6 with the yearly price of $1,329 for the average insured, which is around $111 each month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Pueblo | $1,440 |
| 2 | Denver | $1,397 |
| 3 | Aurora | $1,375 |
| 4 | Lakewood | $1,365 |
| 5 | Security-Widefield | $1,343 |
| 6 | Colorado Springs | $1,329 |
| 7 | Northglenn | $1,329 |
| 8 | Commerce City | $1,328 |
| 9 | Centennial | $1,304 |
| 10 | Littleton | $1,293 |
| 11 | Thornton | $1,281 |
| 12 | Ken Caryl | $1,274 |
| 13 | Arvada | $1,269 |
| 14 | Highlands Ranch | $1,267 |
| 15 | Parker | $1,257 |
| 16 | Castle Rock | $1,248 |
| 17 | Brighton | $1,235 |
| 18 | Westminster | $1,234 |
| 19 | Broomfield | $1,203 |
| 20 | Boulder | $1,195 |
| Compare Prices Now Go | ||
Prices are approximated as the specific Colorado Springs residence address can modify auto insurance rates significantly.
Best car insurance company in Colorado
Insuring your vehicle with the right insurance provider is difficult considering how many different companies sell coverage in Colorado. The ranking data below may help you select which insurers to look at when trying to find the cheapest insurance for welfare recipients. The rankings below are only made up of the largest companies in the United States, so companies that may only write in Colorado are not taken into consideration for the list.
Top 10 Major Auto Insurance Providers Overall in Colorado Springs
- USAA
- American Family
- State Farm
- The Hartford
- AAA Insurance
- GEICO
- The General
- Titan Insurance
- Progressive
- Allstate
Top 10 Major Auto Insurance Providers in Colorado Springs Ranked by Customer Satisfaction
- Titan Insurance – 95%
- USAA – 94%
- AAA Insurance – 91%
- Nationwide – 90%
- State Farm – 90%
- The Hartford – 89%
- GEICO – 89%
- Allstate – 88%
- 21st Century – 88%
- The General – 88%
The example below demonstrates how choosing different deductibles can increase or decrease premium costs when getting quotes for cheap insurance for welfare recipients. The data is based on a single female driver, comp and collision included, and no discounts are taken into consideration.
A 30-year-old driver could lower their car insurance rates by $318 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $482 by selecting a $1,000 deductible. Young drivers, like the 20-year-old example, could roll back prices up to $706 each year by choosing larger deductibles on their policy. If you do decide to increase your deductibles, it is necessary to have enough savings set aside to satisfy the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
Get discount Colorado Springs auto insurance
Insurance providers that sell policies for welfare recipients may also provide premium discounts that may potentially lower prices by 40% or more if you meet the requirements. Large car insurance companies and their possible discounts are included below.
- State Farm has discounts for driver’s education, multiple autos, anti-theft, defensive driving training, student away at school, and good student.
- Esurance has savings for DriveSense, renters, Pac-12 alumni, anti-lock brakes, paid-in-full, anti-theft, and homeowner.
- Progressive may have discounts that include homeowner, good student, continuous coverage, online quote discount, multi-policy, and online signing.
- Liberty Mutual discounts include multi-car, teen driver discount, preferred payment discount, newly retired, and newly married.
- Auto-Owners Insurance may offer discounts for good student, group or association, multi-policy, company car, paid in full, and mature driver.
- GEICO offers discounts including daytime running lights, good student, multi-vehicle, air bags, anti-theft, and membership and employees.
The information below shows the difference between car insurance costs with and without some available policy discounts. The data is based on a female driver, no violations or accidents, Colorado state minimum liability limits, full physical damage coverage, and $250 deductibles.
The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with multiple policy, accident-free, claim-free, defensive driving course, safe-driver, and multiple vehicle discounts applied. When discounts are factored in, theaverage yearly reduction on car insurance for welfare recipients is 28% or $533.
What aren’t you shopping around?
Colorado car insurance rates are impacted by many things that may substantially change the price you have to pay for coverage. Simply improving your credit, having a teen driver, or getting into an accident may cause policy rate changes that may make certain companies more affordable than before.
Also, insurers file new Colorado auto insurance rates as often as every three months to help ensure profitability. Higher than normal claim frequency or severity may result in increased policy costs, while less frequent claims can result in more affordable Colorado Springs car insurance rates.
To illustrate this point, the bar chart below shows which company has the cheapest car insurance in Colorado Springs, CO for a 45-year-old female driver with no prior accidents, a clean driving record, and great credit. If we estimate prices based on her current risk factors, The Hartford might quote the lowest car insurance rates in Colorado Springs at $1,028 each year. This is $550 less than the average policy premium paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO are the remainder of the top five cheapest Colorado Springs, CO auto insurance companies.
In this next rate comparison, we will give the driver from above a chargeable accident, less-than-perfect credit, and a few blemishes on her driving record. Since each auto insurer has a unique approach to determine rates, comparing prices will most likely result in a different ranking of companies as shown below.
Travelers now has the lowest price on auto insurance in Colorado Springs with State Farm, American Family, Grange, and Progressive also being competitive. This example shows why Colorado drivers need to compare many different companies to find the best insurance rates for welfare recipients. Car insurance prices can be altered by many different factors and can change substantially, so the most economical option two years ago may now cost much more than other companies.