Best cheap car insurance in Denver

Denver is the largest city in Colorado. It contributes to the four million drivers licensed in the state and the number of traffic deaths each year.

In 2017, Denver saw 49 fatalities and 478 injuries from serious accidents. Car insurance in Denver is mandatory, just like other cities. It can help drivers financially and legally against traffic violations.

Denver’s average driver pays $2,251 annually for full coverage insurance, and $611 for minimum coverage insurance. We evaluated the best Denver car insurance companies based on rates, coverage options, discounts, financial stability, customer satisfaction, and third-party scores.

Denver’s best car insurance companies

American Family, USAA Geico, Allstate, Farmers offer the best car insurance Denver has to offer. These providers offer lower rates, amazing discounts, multiple endorsements, financial strength scores, impressive third-party ratings, and great rates.

Allstate

Allstate is known for its digital resources and tools. Online calculators are available to help drivers determine how much and what kind of insurance they need. Allstate offers a highly rated mobile application where drivers can request roadside help, file a claim, and much more. Denver drivers have the option to customize their policy by adding endorsements or lowering their rates with discounts such as Drivewise(r), safe driver rewards program.

American Family

J.D. Power’s 2020 U.S. Auto Insurance Study, American Family tied with Geico for the top rated insurance provider in the Southwest region. In J.D. Power’s 2020 U.S. Auto Insurance Study American Family was tied with Geico as the top-rated insurer in the Southwest region. This includes Colorado. Although the company’s rates are higher than average, drivers have access to many coverage options and discounts. American Family offers a disappearing-deductible program where drivers can get up to $100 off their deductible each year.

Farmers

Denver drivers looking for flexible coverage will love Farmers. Farmers offers standard minimum and full coverage insurance. It also provides roadside assistance, loss of use protection, guaranteed value(tm), protection, full windshield coverage, and a waiver for the glass deductible. You can reduce your premium by enrolling in the signal(r) safe driving program or taking advantage of discounts.

Geico

Geico is a top-rated car insurance company in Denver. It is also one of the most affordable. Average drivers pay $1,131 annually for full coverage insurance and $293 for minimum coverage insurance. This is significantly lower than the average. Geico doesn’t offer any add-on coverages. However, drivers can benefit from generous discounts including savings for military personnel and federal employees.

USAA

USAA Car Insurance is available to Denver residents who are veterans or active duty military personnel. USAA is well-known for its customer service, strong coverage options, and low rates. Switching to USAA from another provider can save drivers an average of $700 annually. You can also save on military-specific coverages, such as a 15% discount for those who park their car on a military base.

Denver has the lowest car insurance

Denver car insurance can be costly. The rates are much higher than the average cost for Colorado insurance. The average Colorado driver spends $2,004 annually for full coverage insurance, and $466 for minimal coverage insurance. There are many insurance companies that offer lower rates than the average. These are the best car insurance companies in Denver.

These five companies offer the most affordable Denver car insurance, although each company has its pros and cons. Geico offers the best coverage, but it is also the least expensive. The customer service is poor and Geico is not the best. USAA on the other side has excellent customer service and many policy options. However, only active duty and retired military personnel are eligible for coverage.

Nationwide and State Farm have similar rates. However, Nationwide offers more coverage options and State Farm offers more discounts. Auto-Owners may be the most expensive provider, but drivers do get what they pay. This company is well-known for its excellent customer service, wide range of coverage options, and numerous savings opportunities.

J.D. rates Geico, USAA, and Allstate as above-average in terms of ratings. Power. Nationwide and State Farm are rated below-average, while Auto-Owners does not receive any rating. AM Best has given all five companies excellent financial strength ratings.

Denver insurance requirements

Denver residents who own a vehicle registered in Colorado must have car insurance. Drivers must have at least 25/50/15 personal insurance. This includes:

  • $25,000 bodily injury coverage per individual
  • $50,000 per accident bodily injury coverage
  • $15,000 in property damage coverage per accident

Denver’s cheapest policy is liability-only insurance. There is no guarantee that minimum coverage insurance will pay all the costs of an accident at fault. Insurance companies recommend that drivers buy more coverage than is necessary.
Some drivers may need to upgrade to full coverage insurance. To reduce the risk of the lender, drivers who lease or finance a car must have full coverage until they are repaid.

Denver Discounts on Car Insurance

Many Denver car insurance companies offer discounts that will help lower your insurance premium. These are some of the most common savings:

  • No claims: Drivers with no accidents or insurance claims in the past several years are usually eligible for a lower premium.
  • Multi-policy: Drivers can save money by combining multiple policies with one insurance company (e.g., a home or auto policy).
  • Multi-vehicle Insurance: Many drivers will be able to lower their annual premium by insuring multiple vehicles under the same policy.
  • Drivers who have completed a defensive driving course or another driver training program are eligible for discounts from insurance companies.

Questions frequently asked

Which is the best auto insurance company?

There are many auto insurance providers available, but not all will be right for everyone. You need to compare the coverage options and quotes from several providers in your area to determine the best auto insurance companies. Then, choose the one that suits you the best.

What is the cost of car insurance in Denver?

Denver’s average driver pays $2,251 annually for full coverage insurance. For minimum coverage insurance, the average driver pays $611. Car insurance quotes for Denver are determined by factors such as a driver’s ZIP code, credit score, claims history and type of car.

Denver: How much do I need car insurance?

Legally, drivers are required to have at least 25/50/15 personal coverage. For more protection, many drivers opt to purchase full coverage insurance, which covers both liability and the vehicle.