Cheapest car insurance in Denver

 Car insurance in Denver can be expensive, with rates that are higher than the state average. In comparison, the average Colorado driver pays $2,004 for full coverage insurance and $466 for minimum coverage insurance. However, there are a number of insurance companies that offer lower-than-average rates.

These five companies are likely to offer the best cheap car insurance in Denver, but each has advantages and disadvantages. Geico offers the most affordable policies, but the coverage is limited and the customer service is rated poorly. USAA, on the other hand, has excellent customer service and a wide range of policy options, but coverage is limited to active duty and retired military personnel.

State Farm and Nationwide have comparable average rates, but Nationwide offers more coverage options and State Farm offers more discounts. Auto-Owners is the priciest of the low-cost providers, but drivers get what they pay for. The company is well-known for providing excellent customer service, a wide range of coverage options, and numerous savings opportunities. 

In terms of ratings, J.D. Power ranks Geico, USAA, and Allstate as above average. State Farm and Nationwide are rated below average, while Auto-Owners is unrated. AM Best, on the other hand, rates all five companies as having excellent financial strength.

Insurance requirements in Denver

 

Car insurance is required for Denver drivers who own a Colorado-registered vehicle. Drivers must have at least 25/50/15 personal liability insurance, which covers the following: 

Per person, $25,000 in bodily injury coverage is provided.

 

Per accident, $50,000 in bodily injury coverage is provided.

 

Property damage coverage of $15,000 per accident

The cheapest policy available in Denver is liability-only insurance. There is no guarantee, however, that minimum coverage insurance will cover the entire cost of an at-fault accident. As a result, insurance companies advise most drivers to purchase more coverage than is required.

 

Upgrading to full coverage insurance is required for some drivers. To reduce the lender's risk, drivers who have a leased or financed car are typically required to carry full coverage insurance until the loan is paid off.

Denver car insurance discounts

 

Most car insurance companies in Denver offer discounts to help drivers reduce their insurance premiums. Here are some examples of common savings: 

Claims-free: Drivers with no insurance claims or accidents in the last several years typically qualify for a lower premium.

 

Drivers who combine multiple policies with the same insurance company, such as a home and auto policy, can get a lower rate.

 

Multi-vehicle: Insuring multiple vehicles on the same policy will often result in a lower annual premium for the driver.

Defensive driving course: Many insurance companies provide discounts to drivers who complete an approved defensive driving course or other driver training programme.