Key Points

• American National and Travelers have the cheapest car insurance in the city according to our sources.

•  Lakeside Insurance Center on W. 120th Avenue provides the best service in Frederick according to Yelp and Google

Best Car Insurance Brokers and Agencies in Frederick

We compared Yelp and Google to find cheap car insurance in Frederick. According to their reviews, we think they’ll be able to find the best price and offer the best service

Lakeside Insurance Center LLC	4.8 / 5	5 / 5	5 / 5
Malyka Korgan – State Farm Insurance	5 / 5	4.8 / 5	–
Carbon Valley Insurance	5 / 5	4.6 / 5	–

Cheap Car Insurance in Frederick

Finding affordable car insurance in Colorado can be challenging due to varying factors such as age, driving record, and location. However, by understanding the options available and knowing where to look, drivers can secure the best rates to fit their budgets. This guide provides an overview of cheap car insurance in Colorado, drawing from insights provided by MarketWatch, NerdWallet, and MoneyGeek.

Factors Influencing Car Insurance Rates in Frederick

Age and Driving Experience

Insurance rates often vary significantly based on the driver’s age and experience. Younger drivers and those with less experience typically face higher premiums due to a higher risk profile. For example, a 25-year-old driver in Colorado might pay an average of $1,700 annually, while a 40-year-old driver might pay around $1,300 annually for the same coverage.

Driving Record

A clean driving record can lead to lower insurance premiums. Conversely, having accidents or traffic violations can increase the cost of insurance. For instance, a driver with a clean record might pay around $1,400 annually, whereas a driver with a speeding ticket might pay closer to $1,800 annually. More severe violations, such as DUIs, can lead to rates exceeding $2,500 annually.

Location

Urban areas with higher traffic density and crime rates usually result in higher insurance premiums compared to rural areas. For example, drivers in Denver might pay an average of $1,800 annually, while those in smaller towns like Fort Collins might pay around $1,400 annually. Additionally, areas prone to natural disasters like hailstorms can also see higher premiums.

Minimum Coverage Requirements in Colorado

Colorado law requires drivers to carry a minimum amount of car insurance to legally drive. These requirements include:

• Bodily Injury Liability: $25,000 per person and $50,000 per accident.
• Property Damage Liability: $15,000 per accident.
• Uninsured/Underinsured Motorist Coverage: Equal to bodily injury liability limits.

While minimum coverage can reduce premiums, it’s often advisable to consider higher limits or additional coverage to ensure adequate protection.

Top Companies for Cheap Car Insurance in Frederick

Several insurance companies offer competitive rates in Colorado. Here’s a look at some of the top providers:

American National

American National is known for its competitive rates and excellent customer service. They offer various discounts that can help reduce premiums, such as safe driver discounts and multi-policy discounts. On average, American National offers rates around $1,013 annually for full coverage. Discounts can further reduce rates by 10% to 30%, making it a popular choice for budget-conscious drivers.

Travelers

Travelers is another popular choice for affordable car insurance. Their rates are often lower than the average, and they provide numerous discount options, including good student discounts and military discounts. Travelers’ average annual rate for full coverage in Colorado is about $1,671. They also offer accident forgiveness and mechanical breakdown insurance, providing additional value to policyholders.

Colorado Farm Bureau

Colorado Farm Bureau offers competitive rates and a range of discounts, such as those for bundling auto and home insurance or maintaining continuous coverage. Their Snapshot program can also help safe drivers save money by monitoring and rewarding good driving habits. Colorado Farm Bureau’s average annual rate for full coverage in Colorado is around $1,735. The company’s Name Your Price tool allows drivers to find a policy that fits their budget.

USAA

For military members and their families, USAA offers some of the most competitive rates and comprehensive coverage options. With average annual rates around $1,640, USAA is often the cheapest option for those eligible. They also provide excellent customer service and a variety of discounts, including those for safe driving and bundling policies.

Cheap Car Insurance Frederick: A Guide To Lowering Your Costs

Tips for Finding the Cheapest Car Insurance

Compare Multiple Quotes: One of the best ways to find cheap car insurance is to compare quotes from multiple insurers. Online comparison tools can make this process easier and more efficient. Rates can vary significantly between providers, with some offering as low as $1,200 annually and others up to $2,000. Taking the time to compare can lead to substantial savings.

Look for Discounts: Insurance companies offer a variety of discounts that can significantly lower your premiums. Common discounts include those for good driving records, bundling policies, being a good student, and having safety features in your vehicle. These discounts can reduce your annual premium by 10% to 30%. Additionally, many insurers offer discounts for completing defensive driving courses or installing anti-theft devices.

Consider Your Coverage Needs: Evaluate your coverage needs carefully. While it’s important to have adequate coverage, you may find that you can save money by adjusting your coverage levels or deductibles. Increasing your deductible from $500 to $1,000 could lower your annual premium by approximately 15%. Similarly, opting for liability-only coverage if you drive an older vehicle can significantly reduce costs.

Maintain a Good Credit Score: In Frederick, insurance companies can use your credit score to help determine your premiums. Maintaining a good credit score can lead to lower rates. Pay bills on time, reduce debt, and check your credit report regularly to ensure it remains accurate.

Special Considerations for Colorado Drivers

Weather Conditions

Colorado’s weather can be unpredictable, with hailstorms and snow affecting driving conditions. Comprehensive coverage, which averages around $300 annually, can protect against weather-related damages. Drivers should also consider adding collision coverage, averaging $400 annually, to cover damages from accidents.

Vehicle Theft Rates

Certain areas in Colorado have higher vehicle theft rates, which can influence insurance costs. Comprehensive coverage can help protect against theft, with rates averaging around $250 annually in high-theft areas. Installing anti-theft devices can also help lower premiums and provide peace of mind.

High-Risk Drivers

For high-risk drivers, finding affordable insurance can be more challenging. Consider insurers like The General or Dairyland, which specialize in high-risk policies. These companies offer more flexible underwriting criteria and can provide coverage options for those with poor driving records or multiple violations.

Conclusion

Securing cheap car insurance in Colorado involves understanding the factors that influence rates and knowing where to find the best deals. By comparing quotes, seeking out discounts, and tailoring coverage to your needs, you can find an insurance plan that offers both affordability and protection. Companies like American National, Travelers, Colorado Farm Bureau, and USAA provide excellent options for Colorado drivers looking to save on car insurance without sacrificing quality. With the right approach, you can secure comprehensive coverage at a reasonable cost, ensuring peace of mind on the road.

How We Rank and Researched

To compile the information for this article we used a team of researchers to assess results based on Yelp, Google, and Facebook and ranked based on the highest ratings and popular local establishments. We also used search engine results to pull and consolidate multiple reviews to ensure we provide an unbiased opinion based on multiple sources