Boulder, CO Auto Insurance Rates, Quotes, Agents & Reviews
Zimlon, through its research, found that car owners in Boulder, CO, can avail multiple discounts on car insurance by taking various factors into consideration. These factors are explored in detail by Zimlon in the analysis below.
In Boulder, Colorado, the cheapest car insurance premiums are paid by middle-aged married men
In its recent analysis on car insurance policies in Boulder, CO, Zimlon shows that married male drivers pay the lowest premium of $318, whereas 21-year-old single male drivers incur the most expensive premium of $6,435. To conduct the study, Zimlon uses data published by the Colorado Department of Regulatory Agencies Division of Insurance.
Car insurance premiums are based on factors such as car model, driver age, coverage limit, deductible value, annual miles, and marital status. The vehicle chosen for the study is a 2012 Ford Fusion S FWD, 2.5 liter Duratec L4 Engine, 6-speed car. In addition, the following assumptions are made: the underinsured motorist per occurrence limit ranges between $50,000 and $3,00,000; the uninsured motorist per person limit is $25,000, $50,000, or $100,000; the property damage limit is $50,000; the per occurrence bodily injury limit ranges from $50,000 to $300,000; the bodily injury per person limit is $25,000, $50,000, or $100,000. In addition, the age range for all driver segments is between 21 and 68 years. Further, all drivers have a clean driving history and no accident record in the past three years. The drivers report driving about 30 miles to and from work every day.
35-year-old married male drivers: For this cohort, the cheapest premium starts from $318 and is offered by Shelter General Insurance Company, whereas the most expensive premium is $3,046 offered by LM General Insurance Company. The difference between the 75th and 25th percentiles in insurance premium is $369.
68-year-old married women drivers: Among all the cohorts, this driver group has the lowest difference between the 25th and 75th percentile at $296. Shelter General Insurance offers the cheapest insurance premium ($313) and LM General Insurance Company quotes the most expensive premium ($2,674).
21-year-old single male drivers: Privilege Underwriters Reciprocal Exchange offers the cheapest premium of $801 for this cohort and American Hallmark Insurance Company provides the most expensive premium at $6,435. The median premium for this cohort is Hartford Fire Insurance Company’s $1,602 . This cohort reports the highest savings between the 75th and 25th percentile at $723.
21-year-old single female drivers: For this cohort of young drivers, Privilege Underwriters Reciprocal Exchange offers the cheapest premium at $644 and American Hallmark Insurance company provides the most expensive premium at $5,113. The median premium for this category of drivers is Amica Mutual Insurance’s $1,391. The difference between the 75th and 25th percentile in insurance premiums is $612.
The following chart compares the prices for each cohort.
|Cohort||Cheapest Car Insurance Companies in Boulder, CO||Most Expensive Car Insurance Companies in Boulder, CO||Car Insurance Companies Offering Median Premium in Boulder, CO||25th Percentile of Car Insurance Premiums in Boulder, CO||75th Percentile of Car Insurance Premiums in Boulder, CO||Dollar Difference between 25th and 75th Percentiles||Percentage Difference between 25th and 75th Percentiles|
|21-year-old single female drivers||Privilege Underwriters Reciprocal Exchange ($644)||American Hallmark Insurance Company ($5,113)||Amica Mutual Insurance Company ($1,391)||IDS Property Casualty ($1,115)||Encompass Indemnity Company ($1,727)||$612||54.89%|
|35-year-old married male drivers||Shelter General Insurance Company ($318)||LM General Insurance Company ($3,046)||Amica Mutual Insurance Company ($865)||SECURA Supreme Ins. Co. ($654)||State Farm Mutual Insurance Company ($1,023)||$369||56.42%|
|21-year-old single male drivers||Privilege Underwriters Reciprocal Exchange ($801)||American Hallmark Insurance Company ($6,435)||Hartford Fire Insurance Company ($1,602)||SECURA Ins. A. Mut. Co. ($1,253)||State Farm Fire and Casualty Company ($1,976)||$723||57.7%|
|68-year-old married women drivers||Shelter General Insurance Company ($313)||LM General Insurance Company ($2,674)||Country Preferred Insurance Company ($753)||California Casualty Indemnity Exchange ($588)||State Farm Fire and Casualty Company ($884)||$296||50.34%|
The Zimlon survey received a multitude of responses from insurance customers. Among them, one consumer wrote “I’m satisfied with my auto insurance. I do not intent to change it.” Such high level of satisfaction toward an insurance policy is rare to find. Nevertheless, before deciding on the most suitable policy, it is import to carefully compare policies offered by other providers in the state.
Boulder and Fort Collins offer the bestprice for Chevrolet Silverado in Colorado
The Chevrolet Silverado is one of the best options when it comes to full-size pickup trucks. This Chevy has been in production since 1998 and has been doing brilliantly ever since. The third generation of this vehicle is going to be in the market 2014 onwards. If you are looking for a used full-size pickup truck in the state of Colorado, here are the few things that need to be considered first.
Do not rush to the decision of purchasing the used vehicle from just any city in Colorado. The truth is, if you take some time to look at the figures in different cities of your state, you can save a lot on the upfront cost and the insurance rates. This chart that has been provided below gives you the rates for a used Chevrolet Silverado in the different cities of Colorado.
|City||Insurance Average ($)||Median Price ($)||Insurance Percentage (%)|
If spending a lot initially is something you cannot do you should consider buying your Silverado from Boulder and Fort Collins. Both these places command the least upfront cost on a used Chevrolet Silverado. The price difference between the two as upfront cost is hardly $1000. The insurance rates are also near about the same. So, it is convenient for you to pick this used vehicle from either of the two cities your first choice should be Boulder, followed by Fort Collins.
It is going to be really expensive if you purchase this car from Springs or even Aurora for that matter. The insurance rate is Springs is not even much lower when compared to Aurora. Do not go to purchase it from another city for a difference of $1000 only as chances are that you will end up spending that much money on getting the car home. If you are a resident of Aurora and Springs, however, you should definitely look for the car in either Boulder or Fort Collins to save some money.
Average Cost of Auto Insurance in Boulder, CO, is $1,049
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.
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.
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.
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.
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.
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).
Factors that can influence the cost of car insurance in Boulder, CO are listed below. It is imperative to understand these factors in order to reduce the cost of car insurance. It is also essential to strike a balance between the cost of insurance and the coverage requirements.
- Boulder, CO Auto Insurance Rates
- Boulder, CO Auto Insurance for Different Deductible
- How the Age of Driver Affects Insurance Rates in Boulder, CO
- Multi Vehicle Insurance Savings in Boulder, CO
- How Credit Score Affects Car Insurance Rates in Boulder, CO
- How DUI Affects Auto Insurance Premiums in Boulder, CO
- How Driving Violations Affect Auto Insurance Rates in Boulder, CO
- Boulder, CO Auto Insurance Discounts on Anti Theft Feature
- Boulder, CO Auto Insurance Company Reviews
Boulder, CO Auto Insurance Rate Comparisons with Neighboring Locations | Back to Top
The following table compares the cost of insurance in Boulder, CO with that of other cities in and around Boulder.
|Boulder||Paragon Estates||Louisville||Pine Brook Hill||Eldorado Springs||Seven Hills|
|Average Insurance Rates||$1,049||$2,202||$1,945||$2,199||$2,157||$1,827|
Boulder, CO Auto Insurance Rates vary Based on Deductibles in Neighboring Cities | Back to Top
The following table makes a comparison of the variation in car insurance rates in and around Boulder, CO based on the change in deductibles. A higher deductible leads to a decrease in the cost of car insurance.
|Location||Low Deductible ($500)||High Deductible ($1000)|
|Pine Brook Hill||$1,810||$1,529|
Boulder, CO Auto Insurance Rates Based on the Age of the Driver | Back to Top
Teenagers in Boulder, CO usually pay a much higher car insurance rate compared to the rest of the state as they are generally considered to be less responsible behind the wheel. Middle-aged drivers are likely to pay lower car insurance premiums if they are considered to be safer drivers by insurance companies.
|Age of Driver||Insurance Cost|
Boulder, CO Car Insurance Discounts for Multi-Car Insurance | Back to Top
Car owners in Boulder, CO can obtain discounts if they insure multiple vehicles with the same insurer. The average savings one can obtain are as follows:
|Number of Cars||Auto Insurance Cost||Total Savings|
Savings on 2 Vehicles bundle:$315
Savings on 3 Vehicles bundle:$472
Savings on 4 Vehicles bundle:$629
Boulder, CO Post- DUI Auto Insurance Rates | Back to Top
Driving Under Influence (DUI) can be an added burden on your wallet. The cost of auto insurance will go up post-DUI. The below graph does a comparison of auto insurance rates before and after DUI in and around Boulder, CO.
|Location||Average Insurance Cost||Post DUI Insurance Rate|
|Pine Brook Hill||$2,199||$3,324|
Boulder, CO Auto Insurance Rates Based on Credit Score | Back to Top
Car insurance companies can use the Credit Score of car drivers to determine car insurance rates. Car drivers with good credit can avail of substantial discounts on car insurance rates.
|Credit Score||Insurance Cost|
Boulder, CO Auto Insurance Rates can Increase Based on Driving Violations | Back to Top
Auto insurance rates tend to increase depending on the type and number of driving violations. The driving violations can stay on the record for a considerable amount of time leading to higher auto insurance rates. The severity of the driving violation and place of residence will determine how long the violation stays on record.
|Driving Violation||Cost Increase||Total Insurance Cost|
|Driving Without Headlights||+$46||$1,095|
|Driver's Failure In Showing Documents||+$102||$1,151|
|Driving With An Expired Registration||+$108||$1,157|
|Driving At A Considerably Slow Pace||+$228||$1,277|
|Using A Cellphone While Driving||+$240||$1,289|
|Running A Red Light||+$244||$1,293|
|Driving A Vehicle Without The Required Permission||+$326||$1,375|
|Driving With An Expired/Suspended License||+$707||$1,756|
Boulder, CO Auto Insurance Rates Based on Anti-Theft Feature | Back to Top
Cars that are equipped with safety devices are less prone to thefts. As a result, auto insurance companies provide a considerable amount of discounts to vigilant car owners. The discounts vary depending on the type and number of safety devices installed.
|Anti Theft Feature||Insurance Cost|
|Active Disabling Device||$1,007|
|Passive Disabling Device||$976|
Latest Auto Insurance Reviews in Boulder, CO | Back to Top
USAA has very good customer service. What I really like about them is they cater to veterans and military. I'm a veteran of the United States Marine Corps so they are great to work with.
USAA is also our auto insurance company. They insure both our home and our car and our truck. The only thing they do not insure is our motorcycles.
Compared to other providers, the coverage was very sufficient in that we did not have to pay out of pocket for the remainder of our loan. Also helped set us up for a rental car while on the market for a new car.
This insurance company cover $25k accident cover per occurrence and premium about $1900 per year to cover 2 cars with 2 drivers. Per accidents happen need to pay $1000.
I have always received helpful and fast customer service with USAA, and they always go out of their way to make sure I understand everything before hanging up.
USAA is competitive in my state. Massachusetts is not the easiest place for insurance as it's under a lot of different regulations then most states.
I would recommend because I have received great service, the only I would request is to see if I qualify for any other discounts or decrease.
The policy is OK, didn't have any accedints yet! so until now it's ok, towing is fast and realable too, will see if I got an issue how it's covring..
The app is unmatched - it is so slick and easy to use. The customer service department is so friendly and knowledgeable and always available to me.
I do not like that insurance is required by law. It allows them to charge more for their service and make a lot of money off of hard working people.
I am very happy with the premium that progressives offers. It is very cheap compared to other companies. I pay $68 dollars a month, and I compared it to State Farm insurance and they were $92 a month.
I like the services and customer service that they provide. I also like the price that I pay and the ability to bundle services to save additional money. I also like their quick response when I had an issue and needed to put in a claim.
difficult to make due date changes, but it is easy to make policy changes, so they even out. i haven't had any issues with esurance. i don't dislike anything about the company or my dealings with them.