Average Cost of Auto Insurance in Boulder, CO, is $1,049

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The average cost of auto insurance in Boulder, CO, is $1,049. Car owners here can improve savings by comparing multiple auto insurance quotes from different auto insurers. The cost of auto insurance depends on numerous factors ranging from the make and model of the vehicle to the driver’s age.

Auto Insurance Requirements in Colorado:

  • $25,000 for bodily injury or death to a person in an accident;

  • $50,000 for bodily injury or death to all persons in any one accident; 

  • $15,000 for property damage in any one accident.

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Neighborhood:

The neighborhood one lives in Boulder can also have an impact on the cost of auto insurance. Zimlon offers the option of keying in one’s zip code to get accurate auto insurance quotes from multiple auto insurance companies. Depending on several factors like the make and model of the vehicle and the rate of auto thefts in the neighborhood, the price can vary within the city. 

Credit Score:

A healthy credit score will also determine the cost of one’s auto insurance. Possessing an “exceptional” or “good” credit score will reduce the cost of auto insurance for car owners, while a “poor” credit score can lead to a substantial increase in Boulder. The cost of auto insurance when the credit score is exceptional in Boulder is as low as $808, while it increases to $1,537 when the credit score is poor.

Demographics:

The cost of auto insurance depends on the driver’s age and gender. Women are generally considered to be safe drivers, making auto insurance cheaper for them. Auto insurance is most affordable for drivers who are in their fifties and sixties ($925 and $938). Auto insurance is expensive for teenagers since they lack driving experience. The average cost of auto insurance for teenagers in Boulder is $3,404.

Driving Record:

The driving record of car owners also has a direct impact on the cost of auto insurance. Getting charged for offenses such as DUI and driving without a proper license can have a long-term impact on Boulder’s cost of auto insurance. Post-DUI, the average cost of auto insurance increases to $1,586, from $1,049. Driving without a proper license can lead to an increase of $707.

Deductible:

Deductibles are among the most common factors affecting the rate of auto insurance in the country, and Boulder is no different. A high deductible leads to a decrease in the cost of auto insurance, while a low deductible can lead to an increase. The average cost of auto insurance on a low deductible ($500) is $1,902. This goes down to $1,607 when the deductible is higher ($1,000).