Average Rate of Car Insurance in Arvada, CO, is $1,833

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The average cost of auto insurance in Arvada, CO, is $1,833. Car owners here can improve save more 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.

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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 of up to $2,990 in Arvada. 

Neighborhood:

The neighborhood one lives in Arvada 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. 

Deductible:

Deductibles are among the most common factors affecting the rate of auto insurance in the country, and Arvada 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 $1,230. This goes down to $1,039 when the deductible is higher ($1,000).

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 Arvada’s auto insurance cost. Post-DUI, the average cost of auto insurance increases to $2,771, from $1,833. 

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 the most affordable for drivers who are in their fifties and sixties at $1,616 and $1,639. Auto insurance is expensive for teenagers since they lack driving experience. The average cost of auto insurance for teenagers in Arvada is $5,948.