Best Cheap Car Insurance in Denver for 2022
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Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
For some drivers, upgrading to full coverage insurance is mandatory. Drivers who have a leased or financed car are typically required to carry full coverage insurance until their loan is paid off, to reduce the lender’s risk.
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We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
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The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you. SHARE: Ixefra/Getty Images December 31, 2021 Elizabeth Rivelli is a contributing insurance writer for Bankrate and has years of experience writing for insurance domains such as The Simple Dollar, Coverage.com and NextAdvisor, among others Aylea Wilkins is an editor specializing in personal and home equity loans. She has previously worked for Bankrate editing content about auto, home and life insurance. She has been editing professionally for nearly a decade in a variety of fields with a primary focus on helping people make financial and purchasing decisions with confidence by providing clear and unbiased information. Bankrate logoThe Bankrate promise
At Bankrate, we strive to help you make smarter financial decisions. To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money. Our content is backed by LLC, a licensed entity (NPN: 19966249). For more information, please see our Insurance Disclosure. Bankrate logoThe Bankrate promise
Founded in 1976, Bankrate has a long track record of helping people make smart financial choices. We’ve maintained this reputation for over four decades by demystifying the financial decision-making process and giving people confidence in which actions to take next. Bankrate follows a strict , so you can trust that we’re putting your interests first. All of our content is authored by and edited by , who ensure everything we publish is objective, accurate and trustworthy. Our insurance team is composed of agents, data analysts, and customers like you. They focus on the points consumers care about most — price, customer service, policy features and savings opportunities — so you can feel confident about which provider is right for you. We guide you throughout your search and help you understand your coverage options. We provide up-to-date, reliable market information to help you make confident decisions. We reduce industry jargon so you get the clearest form of information possible. All providers discussed on our site are vetted based on the value they provide. And we constantly review our criteria to ensure we’re putting accuracy first. Bankrate logoEditorial integrity
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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. As the largest city in Colorado, Denver contributes not only to the four million licensed drivers in the state, but also to the total number of traffic fatalities caused every year. Compare rates and save on auto insurance today! Get quotes Close X RatesRates keep going up in 2022. Compare rates and save on auto insurance today! Get quotes Close X This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.Compare auto insurance rates
Answer a few questions to see personalized rates from top carriers. Save on auto insurance with quotes from trusted providers like: Drivers switch & save an average of $750+/year Arrow Right Are you overpaying for auto insurance? Arrow Right Safe drivers choose Allstate Arrow Right Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. See more providers in Choose from insurers in Show More RATE INCREASE ALERTRates increased up to 12% this year
Shop for a better rate before you renew your current policy. This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.Compare auto insurance rates
Answer a few questions to see personalized rates from top carriers. Save on auto insurance with quotes from trusted providers like: Drivers switch & save an average of $750+/year Arrow Right Are you overpaying for auto insurance? Arrow Right Safe drivers choose Allstate Arrow Right Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. See more providers in Choose from insurers in Show More Denver had in 2017 and 478 accidents that resulted in serious injuries. Like most other cities, car insurance is a mandatory requirement in Denver and is something that must not be neglected because it can protect drivers legally and financially against traffic violations and accidents. The average driver in Denver pays $2,251 per year for full coverage insurance and $611 per year for minimum coverage insurance. The best car insurance companies in Denver were analyzed on the basis of rates, coverage options and discounts, financial stability, third-party scores, and overall customer satisfaction.Best car insurance companies in Denver
The best car insurance in Denver is from American Family, USAA, Geico, Allstate and Farmers. These providers offer below-average rates, great discounts, multiple endorsement policies, good financial strength scores and impressive third-party ratings. Insurance company J.D. Power customer satisfaction score Average annual premium for minimum coverage Average annual premium for full coverage Allstate 830 / 100 $633 $1,949 American Family 834 / 100 $917 $2,577 Farmers 823 / 100 $612 $2,223 Geico 834 / 100 $293 $1,131 USAA 876 / 100 $341 $1,379Allstate
Allstate is well known for its digital tools and resources. Drivers can use online calculators to find out how much insurance coverage they need and what type of coverage they need. Allstate also has a highly-rated , where drivers can request roadside assistance, file a claim and more. In terms of coverage, Denver drivers can customize their policy with a number of endorsements and lower their rate with discounts, like the Drivewise safe driver rewards program. Learn more:American Family
In , American Family tied with Geico for the highest rated insurance provider in the Southwest region, which includes Colorado. The company has higher than average rates, but drivers get access to a wide variety of coverage options and discounts. American Family also has a disappearing deductible program, where drivers can save up to $100 on their deductible for each claims-free year. Learn more:Farmers
Farmers is a great choice for Denver drivers who are looking for customizable coverage. In addition to standard minimum and full coverage insurance, Farmers also offers roadside assistance, rental car coverage, loss of use coverage, Guaranteed Value protection, full windshield and glass coverage, a glass deductible waiver and more. Drivers can lower their premium by taking advantage of discounts or enrolling in the safe driver program. Learn more:Geico
Geico is one of the best car insurance companies in Denver, and it is also the cheapest. The average driver pays $1,131 per year for full coverage insurance and $293 per year for minimum coverage insurance, which is significantly below average. Geico does not offer many add-on coverages, but drivers can take advantage of generous , including savings for military personnel, federal employees, smart students and more. Learn more:USAA
Denver drivers who are active duty military personnel or veterans are eligible for USAA car insurance. USAA is known for its excellent customer service, robust coverage options and low rates. On average, drivers save over $700 per year when they switch to USAA from another provider. There are also military-specific coverages and savings, like a 15% discount on comprehensive insurance for drivers who garage their vehicle on a military base. Learn more:Cheapest car insurance in Denver
Car insurance in Denver can be expensive, and the rates are higher than the average cost of insurance in Colorado. To compare, the pays $2,004 per year for full coverage insurance and $466 per year for minimum coverage insurance. However, there are several insurance companies that offer below-average rates. These companies offer the cheapest car insurance in Denver: Insurance company Average annual premium for minimum coverage Average annual premium for full coverage Geico $293 $1,131 USAA $341 $1,379 Auto-Owners $456 $1,967 State Farm $532 $1,869 Nationwide $579 $1,808 Drivers can likely get the best cheap car insurance in Denver from these five providers, but each company has pros and cons. Geico has the most affordable policies, but the coverage is limited and the customer service is poorly rated. USAA, on the other hand, has great customer service and a variety of policy options, but only active duty and retired military members qualify for coverage. State Farm and Nationwide have similar average rates, but Nationwide has much better coverage options and State Farm has more discounts. Auto-Owners is the most expensive of the cheap providers, but drivers get what they pay for. The company is known for having good customer service, a variety of coverage options and multiple savings opportunities. In terms of ratings, Geico, USAA and Allstate are rated above average by . State Farm and Nationwide are rated below average, and Auto-Owners is not rated at all. However, all five companies have excellent financial strength ratings from AM Best.Denver insurance requirements
Car insurance is required for Denver drivers who have a registered vehicle in Colorado. Drivers must carry at least , which includes: $25,000 in bodily injury coverage per person $50,000 in bodily injury coverage per accident $15,000 in property damage coverage per accident Liability-only insurance is the cheapest policy available in Denver. However, there is no guarantee that minimum coverage insurance will cover the full cost of an at-fault accident. Because of that, insurance companies recommend that most drivers purchase more coverage than what is required.For some drivers, upgrading to full coverage insurance is mandatory. Drivers who have a leased or financed car are typically required to carry full coverage insurance until their loan is paid off, to reduce the lender’s risk.