How much does car insurance cost in Denver?
The typical Denver driver pays $1,949 per year for car insurance. That's pricier than the statewide average in Colorado ($1,757) and more expensive than the national average of $1,548. Keep reading to learn more about how much you can expect to pay based on your marital status, age, credit score, and other common factors in Denver.
CAR INSURANCE: DENVER RATES VS. STATE + NATIONAL AVERAGES
|Denver Average (per year)||Colorado Average||U.S. Average|
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Denver car insurance premiums by company
The company-by-company differences in car insurance rates can be substantial, so it's important to compare quotes thoroughly and choose your insurer carefully. For a typical insurance customer, USAA provides Denver's cheapest rates. See below the best options for affordable auto insurance in Denver. Don't forget to get car insurance quotes based on your driving profile.
DENVER CAR INSURANCE RATES BY COMPANY
|Insurer||Average Yearly Rate|
Denver auto insurance premiums by age
The age group that enjoys the lowest auto insurance rates in Denver are drivers in their 50s, who pay an average of $1,736per year. Rates for Denver drivers in their 60s are also relatively affordable, at just $1,761 per year.
Teenage drivers pay Denver's most expensive auto insurance rates. When Denver drivers hit their 20s, their insurance rates drop substantially. The cost differential between the auto insurance rates paid by teenage drivers and drivers in their 20s in Denver is $4,539, the largest such difference between any two age groups.
CAR INSURANCE RATES BY AGE TIER IN DENVER
|Age group||Average Annual Rate|
Denver car insurance premiums by gender and marital status
In some cases, a driver's marital status and gender may affect their car insurance rates. Married drivers in Denver pay $135 less than single drivers for car insurance. Married drivers pay less for car insurance than do single drivers in many locations. Rates for those who are widowed are also much cheaper than rates for those who are single. Interestingly enough, in Denver, single drivers pay more than those who are widowed.
Gender is another factor that can affect car insurance rates. In Denver, female drivers pay more for auto insurance than do male drivers: $12 per year, to be precise.
INSURANCE RATES IN DENVER BY MARITAL STATUS AND GENDER
|Gender/Marital Status||Average Annual Rate|
Denver auto insurance costs by accident and citation history
No matter where you live, keeping your driving record clean is a great way to keep your auto insurance rates low. Speeding tickets, reckless driving citations, DUIs and DWIs, and at-fault accidents all can trigger insurance rate hikes.
Denver drivers found guilty of reckless driving pay a steep price when it comes to auto insurance, facing a rate increase of $717 per year versus the city average. A ticket for speeding results in a $346 rate hike while a DWI or DUI violation costs $681per year in extra insurance expenditures.
DENVER CAR INSURANCE RATES AFTER A VIOLATION OR ACCIDENT
|Incident||Average Yearly Rate|
|At-fault Accident (damages less than $1,000)||$2,438|
|At-fault Accident (damages greater than $2,000)||$2,763|
|Speeding Ticket (16-20 mph over speed limit)||$2,295|
Denver car insurance rates by credit score
In many cases, a driver's credit level is closely correlated with their auto insurance rates. Denver drivers who improve their credit score from "Very Poor" (300-579) to "Exceptional" (800-850) can save as much as 57% on their car insurance premiums. Moving from "Very Poor" to "Fair" credit is a meaningful step toward saving money on auto insurance. In Denver, improving your credit to "Fair" could help you earn a $1,381 decrease in yearly insurance premiums.
DENVER AUTO INSURANCE RATES BY CREDIT SCORE
|Credit Tier||Average Annual Rate|
What drives up car insurance rates in Denver?
Where you live in Denver affects your car insurance rates. Besides your driving history and credit score, where you live is one of the biggest contributing factors to the car insurance rates you'll pay. The reason? Crime, theft and uninsured motorists vary by ZIP code. So if you find yourself in a neighborhood that doesn’t play well with others, car insurance companies may consider you a high risk to insure, meaning: your rates could be higher than those of a pal who lives just around the block. And, unfortunately Denver is no exception to the rule. From ZIP code 80234 to 80219, premiums rise by 22 percent—that’s $307.
Expensive Denver ZIP codes: 80239, 80205, 80204, 80223, 80219
Cheap Denver ZIP codes: 80234, 80241, 80127, 80123, 80233
Denver Driving Conditions
Inclement weather goes hand in hand with wet brakes, slick roads, and decreased visibility.
And that's not the worst of it. More than 700,000 weather-related car accidents occur each year. In Denver, you can expect 87 rainy days with an annual rainfall of 15.6 inches. Denver is also known to experience severe winter storms.
Rainy Days a Year
Avg. Annual Rainfall
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Driving in the Mile High City
Car Insurance Companies in Denver
The average Denverite's annual cost of coverage
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