Factors Influencing the Cost of Car Insurance in Greeley, CO

Compare Quotes from Top Providers and Save now!

The average cost of auto insurance in Greeley, CO, is $1,010. It is lower than the cost of insurance in neighboring places such as Evans, La Salle-Gilcrest, La Salle, Windsor, and Garden City. Several factors can affect the cost of auto insurance in Greeley. A thorough comparison of different auto insurance quotes will help car owners obtain an insurance quote that best suits their coverage needs. Zimlon also offers the option of keying in one’s zip code to get accurate auto insurance quotes.

factors_influencing_the_cost_of_car_insurance_in_greeley_co

Some of the factors that could increase the cost of auto insurance are as follows:

Age Group:

The cost of auto insurance differs in different parts of the city. The cost of auto insurance is the lowest for drivers in the age groups of fifty and sixty ($891 and $903). The cost of auto insurance for teenagers continues to be high, at $3,277. As the above graph indicates, the cost of auto insurance can vary from one age group to another. It also depends on the neighborhood and the make and model of the vehicle.

Deductibles:

This is one of the most common factors influencing the cost of auto insurance in Greeley, CO. A low deductible ($500) usually increases the cost of auto insurance, whereas a high deductible ($1,000) lowers it. For example, the average cost of auto insurance when the deductible is $500 is $1,431, and it decreases to $1,208 when the deductible is $1,000.

DUI:

DUIs can prove to be extremely expensive for car owners in every city of the country. This can have a lasting impact on insurance rates as well. The cost of auto insurance post-DUI in Greeley can be as high as $1,527. 

Credit Score:

A low credit score could also mean an increase in the cost of auto insurance. Moreover, auto insurance increases when the credit score is “poor” or “average.” The cost of auto insurance for a driver with an exceptional credit score is as low as $867. It increases to $1,373 and $1,647 when the credit score is average or poor.

Driving Violations:

Driving Violations such as driving with an expired license or speeding can also have a severe impact on the cost of auto insurance in Greeley, CO, mainly because it increases the amount of risk being covered by insurers. Speeding (+ $247) or driving with an expired license (+ $681) can prove to be quite expensive.

Other factors that could make auto insurance expensive include not using anti-theft equipment. Comparing quotes is of utmost importance to reduce the cost of auto insurance in the city.