Lakewood, CO Car Insurance

The Zebra
July 25, 2018

Car Insurance in Lakewood

On average, Lakewood premiums exceed Colorado's average by $76. Why don't we get started on how to save on car insurance in Lakewood?

  • City Average: $1,511
  • State Average: $1,435
  • National Average: $1,427

Lakewood Car Insurance by Gender and Marital Status

Car insurance premiums in Lakewood are affected by driver attributes such as gender and marital status. Married individuals save approximately 6% per year on car insurance compared to those who are single. Rates for those who are widowed are moderately cheaper than rates for those who are single. $42 is the amount by which men's and women's car insurance premiums deviate.

  • Female: $1,553
  • Male: $1,511
  • Single: $1,511
  • Married: $1,424
  • Divorced: $1,511
  • Widowed: $1,451

Lakewood Car Insurance by Age

Teenage drivers have the highest rates out of all the age groups. They have typical car insurance payments of $6,000 per year. The greatest decrease in premiums between any age group is from the teenage age bracket to the 20s, as drivers in Lakewood start saving $3,950. In Lakewood, turning 60 means a rise in car insurance premiums. Up until then, transitioning between age groups means decreasing prices. When you look across all age groups, drivers in their 50s have the smallest car insurance rates. Their rates typically average $1,381. Those in their 60s ($1,409) aren’t paying significantly more.

  • Teenagers: $6,000
  • 20s: $2,049
  • 30s: $1,485
  • 40s: $1,458
  • 50s: $1,381
  • 60s: $1,409
  • 70s: $1,721

Lakewood Car Insurance by Accident or Violation History

Do you have an accident or violation history? That can have an impact on your car insurance rates. Accidents happen, even to safe drivers, so be prepared and learn the effect one can have on your rates. For individuals in Lakewood with at-fault accidents, $714 is the amount by which annual insurance premiums can be expected to rise. $783 is the additional cost per year for drivers with a DUI in Lakewood, compared to the city average of $1,511. Reckless driving will push your premiums up as well, with average rates of $2,265. That is 50% higher than the city average.

  • DUI: $2,294
  • Reckless Driving: $2,265
  • At-fault Accident (damages less than $1000): $2,225
  • At-fault Accident (damages greater than $2000): $2,225
  • Speeding Ticket (16-20 mph over speed limit): $1,833

Lakewood Car Insurance by Credit Rating

Improving your credit can save you a good amount of money. Those in the bottom credit tier (300-579) normally pay more than twice as much on premiums than those in the top credit tier (800-850). The most significant benefit of better credit occurs when upgrading from Very Poor (300-579) to Fair (580-669), by which drivers can save an average of $381 per year.

  • Very Poor: $2,922
  • Fair: $2,444
  • Good: $1,988
  • Very Good: $1,607
  • Exceptional: $1,317

Compare over 200 insurance companies at once!

Location pin icon
Your information is secure.