Cheapest and Best Car Insurance in Arvada, CO (2024)

In Arvada, Colorado, American National P&C offers the cheapest full coverage premiums, while Colorado Farm Bureau has the lowest rates for minimum coverage. For families with teens, Kemper is the most affordable provider. Acuity is the best for customer service and also ranks as the best overall for balance price and service. However, the best insurer depends on your individual needs and coverage preferences.

MoneyGeek found that Colorado Farm Bureau is the cheapest option in Arvada, providing residents with the cheapest car insurance. Here are the two most affordable providers:

• Colorado Farm Bureau: $281 per year
• American National P&C: $281 per year

Allstate has the most expensive minimum coverage policy in Arvada, with an annual premium of $887. The cost difference between Colorado Farm Bureau and Allstate is $606, underscoring the importance of comparing car insurance rates to ensure you are getting the best deal.

Colorado state law dictates the minimum car insurance coverage required with the following limits:

• $25,000 bodily injury per person
• $50,000 bodily injury per accident
• $15,000 property damage liability per accident

If you have the minimum coverage and are at fault in an accident, your policy would cover up to $25,000 for bodily injury per person. However, if an individual's medical expenses exceed this limit, you'd be responsible for the difference out of pocket. For all injuries in an accident, the policy would only pay up to $50,000, regardless of the number of people injured.

MoneyGeek found that American National P&C is the cheapest option in Arvada for drivers seeking the cheapest full coverage car insurance. Here are the top two most affordable providers in Arvada:

• American National P&C: $674 per year
• Colorado Farm Bureau: $742 per year

Kemper offers the most expensive full coverage policy in Arvada at $1,600 annually, costing $926 more than American National P&C. This rate difference underscores the importance of shopping around. Full coverage policies are more costly than minimum coverage because they provide comprehensive protection against theft, vandalism and accidents, no matter who's at fault.

A full coverage policy has enhanced liability limits, boosting coverage to $100,000 for bodily injury per individual, $300,000 for bodily injury per accident and $100,000 for property damage per accident. In industry terms, this enhanced plan is commonly referenced as a 100/300/100 policy.

The benefits of a full coverage policy extend beyond increased liability limits, including comprehensive and collision coverage:

• Collision Insurance: This covers the cost of repairs to your vehicle in the event of a collision, whether it involves a stationary object like a tree or light post or another vehicle. It also covers rollover accidents and pothole damage.
• Comprehensive Insurance: This provides financial protection against various non-collision-related incidents, such as vandalism, theft, fires, natural disasters or being struck by an animal.

If you have invested in a new vehicle, obtaining full coverage insurance is a strategic decision to protect your investment from unforeseen damages. However, owners of older vehicles may find that the additional expense of full coverage does not equate to sensible value. When determining how much car insurance you need, it's a matter of weighing the higher premiums associated with extensive coverage against the risk of being underinsured. The key is to strike a balance between adequate protection and cost-efficiency.

MoneyGeek found that American National P&C is the cheapest option in Arvada for drivers with a poor driving record seeking a full coverage policy. These are the cheapest companies for various offenses:

• Speeding Ticket: American National P&C ($788 per year)
• At-Fault Accident: American National P&C ($914 per year)
• DUI: Colorado Farm Bureau ($958 per year)

Kemper has the most expensive rate for drivers with a DUI on their record, with an annual premium of $3,698. Acuity is the most expensive for drivers with a speeding ticket or an at-fault accident, with an annual cost of $2,753 for both infractions. Different violations impact insurance rates, highlighting the importance of maintaining a good driving record.

In Arvada, insurance rates typically increase with the severity of a driving offense because insurers view more serious violations as indicative of higher risk. Drivers who have received a speeding ticket face an average annual rate of $2,097, while those with a DUI face a higher rate of $2,703. Given these substantial differences, drivers with offenses need to compare insurance rates to seek potential savings.

MoneyGeek found that Kemper is the best option in Arvada for the cheapest car insurance for teens.

• Kemper: $1,970 per year for female teens and $1,359 per year for male teens
• GEICO: $2,197 per year for female teens and $2,318 per year for male teens

These rates reflect the cost to cover a combination of two parents and a teen driver. Farmers has the most expensive policies for teen drivers, with an annual premium of $4,665 for female teens and $4,972 for male teens. The annual difference between the cheapest and most expensive options for female teens is $2,695. This difference underscores the importance of comparing rates for families with teenage drivers, who are typically considered high-risk.

In Arvada, as in many cities, teen drivers looking for car insurance face higher premiums when purchasing an individual policy compared to being added to a family plan. On average, a teen's individual annual premium is $6,732, whereas the average family annual premium is lower at $3,049. One major reason for this disparity is the perceived risk associated with insuring inexperienced teen drivers. Insurers generally view these drivers as high-risk, resulting in elevated rates. Teens may also have difficulty being approved for individual policies due to their lack of credit history and driving experience. For cost efficiency and greater approval chances, it's advantageous for teens to be insured on a family plan.

MoneyGeek found that American National P&C offers the cheapest car insurance for military backgrounds in Arvada.

• American National P&C: $674 per year
• Colorado Farm Bureau: $742 per year

Although USAA ranks third with an annual premium of $841, it is known to cater specifically to active-duty military members, veterans and their families. If you have a military background, you might consider USAA for its tailored services despite it not being the absolute cheapest in Arvada.

Comparing car insurance rates in Arvada can lead to significant savings. Yet, evaluating three or more providers can take over an hour.

MoneyGeek's car insurance calculator can help expedite this process. By inputting details such as age, driving history, credit score and coverage preferences, you can quickly receive a tailored rate estimate.

Choosing the right auto insurance boils down to what you prioritize: cost, coverage, service quality or other factors. MoneyGeek's analysis using distinct rating criteria for each category has pinpointed the premier insurance providers in Arvada for different needs:

• Best overall: Acuity (MoneyGeek score 85 out of 100)
• Best for service: Acuity (MoneyGeek score 96 out of 100)
• Best cheap: Acuity (MoneyGeek score 86 out of 100)

Acuity has the top scores across all categories and is the unparalleled choice for drivers seeking optimal value, service and affordability in their car insurance.

MoneyGeek found that Acuity is the best option in Arvada for drivers in search of the best car insurance. Consumers should consider the following top providers:

• Acuity: MoneyGeek score of 85 out of 100 ($1,224 per year)
• American National P&C: MoneyGeek score of 78 out of 100 ($674 per year)

Acuity stands out in Arvada with a high MoneyGeek score, particularly excelling in customer satisfaction and claims handling. These elements demonstrate the insurer's commitment to meeting client expectations and providing quality service. The score is for a comprehensive full coverage policy.

MoneyGeek found that Acuity is the best option in Arvada for top-notch car insurance customer service, regardless of rates.

• Acuity: MoneyGeek score of 96 out of 100 ($1,224 per year)
• American Family: MoneyGeek score of 76 out of 100 ($1,279 per year)

Acuity stands out in the car insurance market due to its exceptional customer satisfaction and claims handling scores. These elements greatly contributed to its near-perfect MoneyGeek score, reinforcing its position as a leading provider of car insurance services.

MoneyGeek found that Acuity is the best option in Arvada for drivers looking for cheap car insurance with a strong overall value.

• Acuity: MoneyGeek score of 86 out of 100 ($533 per year)
• American National P&C: MoneyGeek score of 80 out of 100 ($281 per year)

Acuity distinguishes itself through its affordable premiums, claims handling and customer satisfaction, which are critical components of the MoneyGeek score. The company’s score reflects a balanced approach to pricing and service, providing a competitive offering for a minimum coverage policy.

In Arvada, Colorado, the average car insurance cost is $1,187. This figure is lower than the state average of $1,228. Colorado's average is cheaper than the national average of $1,720. This reveals that residents of Arvada and Colorado as a whole are paying significantly less for car insurance compared to the average American driver.

A myriad of factors influence car insurance rates. Although location is just one of them, it can heavily impact premiums. Insurers consider local factors such as accident rates, traffic density, theft rates and even weather conditions when setting premiums. Fort Collins has the most affordable city premium at $857 per year, while Denver has the most expensive annual cost at $1,142. There is a difference of $285 within the state. It is worth noting that areas outside city centers with less traffic congestion may have even lower rates.