Finest low-cost car insurance in Boulder for 2021 – Bankrate.com

In 2019, 5,573 car accidents were reported in Boulder County, Colorado. Every driver in the city of Boulder is required by law to have auto insurance, and auto insurance can be an essential part of your financial health. The average cost of auto insurance in Boulder is $ 1,861 per year for fully comprehensive insurance and $ 545 per year for minimum insurance. American Family, USAA, State Farm, and Geico are some of the best low-cost auto insurance carriers in town.

However, drivers in Boulder can choose from a number of different auto insurances. To find the best auto insurance in Boulder, Bankrate's insurance writing team rated the largest auto insurance companies in Colorado based on criteria such as average premiums, insurance options, discounts, insurance features, and third-party rankings.

The best auto insurance in Boulder

According to our rating, the best auto insurances in Boulder are American Family, USAA, State Farm and Geico. We chose these companies because they offer affordable pricing, generous discounts, and strong third-party reviews.

insurance company J.D. Power score
(Southwest region)
Average annual premium for minimum coverage Average annual premium for fully comprehensive insurance
Geico 829 / 1,000 $ 282 $ 907
USAA * 863/1000 $ 318 $ 1,173
District farm 847 / 1,000 $ 507 $ 1,685
American family 850 / 1,000 $ 744 $ 1,682

* The USAA is not eligible for the official ranking at J.D. due to admission restrictions. Power entitled.

Geico

Geico is one of the cheapest auto insurances in Boulder, with rates well below the citywide average. Geico could be a great choice for drivers who need basic auto insurance and are buying auto insurance on a budget. Some of the discounts available through Geico include savings for good students, safe drivers, military personnel, federal employees, affinity groups, and a vehicle with advanced safety features.

Learn more: Geico Insurance Review

USAA

Boulderers can only obtain USAA coverage if they are an active, retired, or immediate family member. However, USAA offers some of the best auto insurance on the market with excellent customer service, affordable prices, and great discounts. With USAA, Boulder drivers can save money by leaving their vehicle on a military base, being a legacy customer, being a smart student, being a safe driver, and insuring a new vehicle.

Learn more: USAA insurance review

District farm

State Farm is the largest auto insurance company in the country and a popular choice among boulder drivers. State Farm offers limited auto insurance coverage options, but makes up for it with a long list of discounts. The company is one of the few to offer two rewards programs for safe drivers, including one specifically for young drivers under the age of 25. Drivers can also save money by bundling their policies, having no claims and insuring a vehicle with security features.

Learn more: Review of state farm insurance

American family

According to J.D. Power American Family has been ranked the Best Insurer for Overall Customer Satisfaction in the Southwest, which includes Colorado. In addition, the company is characterized by below-average tariffs, good discounts and a large number of additional services for individual coverage. Boulder drivers can purchase roadside assistance, accidental death and mutilation, and gap coverage to tailor their policies to their needs.

Learn more: American Family Insurance Review

Cheapest car insurance in Boulder

In Boulder, the average annual auto insurance rate is $ 1,861 for full coverage and $ 545 for minimum coverage. For comparison, the average cost of auto insurance in Colorado is $ 2,016 per year for fully comprehensive insurance and $ 518 per year for minimum coverage. Nationwide, the average annual car insurance premium is $ 1,674 for full insurance and $ 565 for a minimum policy.

Car insurance rates vary depending on the insurance company you choose. In addition, each driver pays a different tariff, which depends on factors such as age, vehicle type and driver's license. When looking for cheap auto insurance in Boulder you may want to seek quotes from these providers:

insurance company Average annual premium for minimum coverage Average annual premium for fully comprehensive insurance
Geico $ 282 $ 907
USAA $ 318 $ 1,173
Car owner $ 436 $ 1,669
District farm $ 507 $ 1,685
farmers $ 560 $ $ 1,912

The providers in the table above are some of the cheapest auto insurance in Colorado. However, you may want to compare insurers based on factors other than just price, such as: B. Insurance options and discounts.

Drivers looking for low rates and mobile tools might choose Geico, for example, but military personnel might be drawn to the USAA's special covers and discounts. Drivers looking for a local agent may be more suited to State Farm, Auto Owners, or Farmers. Understanding your individual needs and comparing offers can help you find an affordable policy that suits your circumstances.

Requirements for bouldering insurance

Drivers in Boulder must meet or exceed the minimum Colorado auto insurance requirements, abbreviated as 25/50/15. The minimum coverage limits include:

  • $ 25,000 in personal injury per person
  • $ 50,000 in personal injury per accident
  • $ 15,000 in property damage coverage per accident

Drivers who want a cheap rate can opt for a minimum insurance policy to keep costs down. Most insurance professionals, however, recommend higher liability limits if you can afford them. If you cause an accident and the damages and injuries exceed the limit of your policy, you will have to pay the rest out of pocket. Higher liability limits offer more financial protection.

Additionally, when you lease or finance your vehicle, most lenders require drivers to take out fully comprehensive insurance until the loan is repaid. Fully comprehensive insurance includes comprehensive and collision insurance.

Car insurance discounts in Boulder

Most Colorado auto insurance companies offer at least some discounts to help drivers lower their premiums. The exact savings differ between providers, but some of the most common are:

  • Discount for multiple policies: If you have auto and home, condominium, or renters insurance from the same company, you may be eligible for a discount.
  • Good student discount: Drivers under the age of 25 who maintain a specific GPA in school can often qualify for a lower car insurance rate.
  • Safe Vehicle Discount: If your car is equipped with safety features such as anti-lock brakes, airbags or an anti-theft device, you may be able to get a cheaper tariff.
  • New car discount: Insuring a new car can sometimes help you get a discount on your premium.

While auto insurance discounts can help you save money, each discount has a different potential for saving. When comparing insurers, look for the average savings for each discount that you can qualify for in order to get the lowest possible rate.

frequently asked Questions

What is the best car insurance?

The best car insurance is different for every driver because every driver has different insurance needs. The best provider for you is the one that suits your needs, including the coverage you need and how much you can pay for the insurance.

How much car insurance do I need in Boulder?

Drivers in Boulder are required to have at least 25/50/15 auto liability insurance. However, most insurance professionals recommend that most drivers increase their coverage limits or purchase a full insurance policy for additional protection. Working with a licensed agent can help you determine how much auto insurance you need, including what coverage and the tiers you need to purchase.

Do I need to buy full coverage in Boulder?

Full coverage is not required by law, but if you have a loan or lease on your vehicle you will likely need full coverage policy. Fully comprehensive insurance can also be useful if you own a new or expensive vehicle or do not have the financial means to pay for vehicle repairs out of pocket.

methodology

Bankrate uses Quadrant Information Services to analyze 2021 rates for all zip codes and airlines in all 50 states and Washington, DC Coverage Limits:

  • $ 100,000 personal injury liability per person
  • $ 300,000 liability per accident
  • $ 50,000 property damage liability per accident
  • $ 100,000 personal injury to an uninsured driver per person
  • $ 300,000 personal injury to an uninsured driver per accident
  • $ 500 deductible in case of collision
  • $ 500 deductible

To set the minimum coverage limits, Bankrate has used minimum coverage that meets the requirements of each state. Our example drivers own a 2019 Toyota Camry, commute five days a week, and drive 12,000 miles a year.

These are sample rates and should only be used for comparison purposes. Your quotes can be different.

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