Who Has the Cheapest Car Insurance Rates in Highlands Ranch?

Highlands Ranch, CO was established as its own entity just under 30 years ago. Twelve miles south of Denver, Highlands Ranch is a suburb of Mile High City. It has a population of over 96,700 as of the 2010 census. Out of that population, 73.2% of residents aged 16 and older have jobs. They also have similar commute times to the rest of the nation, taking 25.5 minutes to get to work, which is just under the national average of 26.6 minutes.

What are the Insurance Requirements in Highlands Ranch?

Drivers in Colorado are required to carry motor vehicle insurance to drive legally. The minimum requirements are as follows:

  • Bodily Injury or death of one person: $25,000 per accident
  • Bodily injury or death for all persons: $50,000 per accident
  • Property Damage: $15,000 per accident

Although the minimum requirements legally get you on the road, the coverage could be inadequate. The coverage only offers payments for those who suffer losses in an accident. There is no coverage for the at-fault driver’s vehicle or personal property. Also, the coverage might not cover all the expenses incurred in the accident. If this is the case, the at-fault driver might have to cover the overage out of his own pocket.

Most Expensive and Least Expensive Insurance Rates by Zip Code

Cheap Car Insurance in Highlands Ranch by Insurer

The least expensive policies in the state come from GEICO. A minimum coverage policy starts at $335, while a full-coverage policy starts at $813. The next least expensive insurance company is State Farm with a minimum coverage premium of $356 and full coverage that starts at $1,241. Drivers who are searching for insurance coverage should not just consider the price, but also look at the company’s track record with paying claims as well as the customer service experience.

Use our guide to get a cheap car insurance quote today.

Low Cost Auto Insurance for Bad Credit in Highlands Ranch

The state of Colorado allows insurance companies to take potential insured drivers’ credit ratings into consideration when providing insurance quotes. This means that a driver with an excellent credit score will get better rates than a driver with a blemished credit history. Full coverage premiums for drivers with less-than-perfect credit can range from a low of $1,469 from GEICO to $3,839 from Farmers Insurance. For those with credit issues, shopping around is essential to ensure you find the best and most affordable policy.

Find out the which auto insurance company has the lowest rates for poor credit drivers.

Differences Between the Two Main Coverages

What is Liability Only Coverage?

Liability-only coverage is the cheapest option for automobile insurance. This coverage level only covers vehicles that are not at fault in an accident. Thus, if you carry liability-only coverage and cause an accident, the other driver will be covered by your policy. Any damage done to your car must be covered out of pocket, if at all.

Another way to think of liability insurance is that it protects you from claims made by another driver. Without the protection of insurance, you might be sued if you were to collide with another vehicle.

What is Full Coverage?

Full Coverage is a commonly used term which covers more than just the damage you might cause in an accident, or the coverage you are liable for. If your policy covers your liability to another vehicle, the damage done to your vehicle (collision insurance), and any incidental damage done to your car by any non-auto elements (comprehensive coverage), then you have a policy that is indeed full coverage. If you have a new car, you may wish to cover it with such a policy, as you might want the peace of mind that any damage will be covered by insurance.

What You Need to Know About the Differences Between the Car Insurance Types

The difference between full and liability coverage is quite dramatic. With liability, insurers gamble that they will only have to pay for one car in an accident. With a comprehensive or full coverage policy, insurance companies know that they are taking on more liability exposure and so their rates reflect the increased risk. In the case of a comprehensive policy, they might even have to cover claims for damages that don’t arise from a traffic incident.

Average Annual Car Insurance Rates in Colorado by City

Additional cities in Colorado you can check out.


Ways to Obtain a Lower Cost Auto Insurance Policy

There are many ways that you can save on auto insurance in Highlands Ranch:

  • Raise your deductible

    If you are willing to pay more money for a deductible, in the event of an accident, then you can lower your insurance rates substantially. You can lower your premium to around 10% just by raising your deductible to around $1,000.

  • Drop Collision Coverage on Old Cars

    Dropping collision coverage on older cars can really help save you a lot, especially for cars that are more than ten years old and only worth four or five thousand dollars. Think about it, if you have an accident while driving an older car, are you really going to pay to repair it or just buy a new car?

  • Check Insurance Rates for Your Car’s Make and Model

    The make and model of your car can make a big difference in how much you pay for auto insurance. Therefore, before purchasing a new car, be sure and check the insurance rates for it as some can be much higher than others.

  • Shop Around to Check Rates from Numerous Insurance Companies

    The chart in this article should be enough proof to know that there can be a big difference in what various insurance companies charge for auto insurance. That is why it is a good idea to check rates from a number of insurance companies before deciding which plan to choose.

  • Drive Fewer Miles

    One of the questions asked when applying for auto insurance rates, is how many miles you drive regularly. This is because the more miles you drive, the more risk you are to the insurance company and the higher your insurance cost will be. Try to drive fewer miles, if possible, to save more money on your premiums.

  • Maintain a Good driving record

    Being a safe driver can not only save your life, but it can also save you a lot of money, too. There is a big difference in how much people with accidents on their record have to pay, and what those without any accidents pay. Therefore, always drive safely.

  • Live in a less populated area

    Your location matters when it comes to auto insurance rates. If you live in a highly populated area, your rates will be higher than if you live in a lower-population area. The Jefferson and New Orleans areas have some of the highest rates in Louisiana, but if you live just 30 minutes outside of the city, you can expect your rates to go down.

This guide can help you find the best discounts on auto insurance.

These are the Common Reasons for Insurance Rates in Highlands Ranch CO

  • Gender
  • Marital Status
  • Age
  • Number of Violations
  • Credit Report/Score
  • Location
  • Driving Record
  • Insurance Company
  • Make and Model of your car
  • Your Insurance Plan
  • How many cars you have insured
  • Your Occupation
  • Miles you drive per year

Compare insurance company rates for drivers with a bad record here.

Helpful Highlands Ranch, Colorado Vehicle Resources:

Live Traffic Accidents by City

DMV (Find Locations, Vehicle Registration, Titles and Insurance Info)


Get a quote1.855.283.2631