Boulder Car Insurance

The Zebra
May 30, 2018

Car Insurance in Boulder

Colorado has premiums that are relatively similar to the national average, as they are within $8 of one another. Going over some tips below about how to save on Boulder car insurance can save you money.

  • City Average: $1,332
  • State Average: $1,435
  • National Average: $1,427

Boulder Car Insurance by Credit Rating

There is a discrepancy of $1,407 a year between car insurance premiums for individuals with Exceptional credit (800-850) and Very Poor credit (300-579). Drivers will see the largest percent decrease in premiums when they upgrade their credit from Good (670-739) to Very Good (740-799). That change can save them 19% per year.

  • Very Poor: $2,567
  • Fair: $2,149
  • Good: $1,748
  • Very Good: $1,415
  • Exceptional: $1,160

Boulder Car Insurance by Accident or Violation History

Maintaining an untarnished driving record is vital if you want to keep your insurance premiums minimal. A DUI will increase your car insurance premiums more than other driving violations. $691 is the extra cost per year for drivers with a DUI in Boulder, compared to the city average of $1,332. Reckless driving will push your rates up as well, with typical rates of $2,003! Nobody plans on being in an accident, but stuff happens, so be aware of what can happen to your rates following one. In Boulder, those who are found at-fault in an accident pay 48% more than the city average on car insurance each year.

  • DUI: $2,023
  • Reckless Driving: $2,003
  • At-fault Accident (damages less than $1000): $1,966
  • At-fault Accident (damages greater than $2000): $1,966
  • Speeding Ticket (16-20 mph over speed limit): $1,616

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Boulder Car Insurance by Gender and Marital Status

Car insurance premiums in Boulder differ depending on driver attributes such as gender and marital status. Premiums are more costly for women than for men. Women normally pay 3% more than men each year for insurance. Married individuals save roughly 6% per year on car insurance compared to those who are single. Rates for those who are widowed are relatively cheaper than rates for those who are single.

  • Female: $1,368
  • Male: $1,332
  • Single: $1,332
  • Married: $1,258
  • Divorced: $1,332
  • Widowed: $1,279

Boulder Car Insurance by Age

Drivers in Boulder see the greatest dip in premiums when they reach their 20s, as they save an average of 66% from moving out of the teenage age bracket. Turning 60 triggers a rise in insurance rates, but up until that point drivers can anticipate premium reductions when they progress between age groups. Teenage drivers have the biggest premiums out of all the age groups. They have car insurance payments that average $5,301 per year. Drivers in their 50s save money on insurance, as they have the smallest rates among all age groups, paying only $1,219 annually. Those in their 60s ($1,246) aren’t paying much more.

  • Teenagers: $5,301
  • 20s: $1,805
  • 30s: $1,309
  • 40s: $1,284
  • 50s: $1,219
  • 60s: $1,246
  • 70s: $1,527