Are You A Teen Wanting Affordable Car Insurance?


Lena Siscoe

Toyota Corolla

Lena Siscoe, Staff Writer

Teens in Colorado are at a disadvantage when it comes to car insurance. Insurance companies skyrocket the rates for teen drivers. By raising the rates, insurance companies are making it difficult for teens to get car insurance. Here are some tips for all you teens out there who want affordable car insurance.

The average teen driver in Colorado pays $2,251 per year for full coverage insurance and $611 per year for minimum coverage insurance. A helpful tip most drivers don’t know. If you are currently insured in Colorado, drive less than 50 miles/day, and live in a qualified zip code, you can get an affordable auto insurance rate. Additionally, if you have no DUIs or traffic tickets in the last 3 years, you can get additional savings. Drivers in Colorado are not being told about this and it’s hurting the pockets of many teens.

Sites like My Insurance Savings and Zebra can help teens find more affordable insurance companies and rates so they can get the most out of their money. Survey data from Longmont indicates that it is possible to save up to $610 per year on car insurance rates.

Most teens would agree that the cost of auto insurance can be very high. Having high insurance rates can have a huge impact on the average teen’s budget. It’s very important that you research and get quotes from insurance companies and dig into what they don’t tell you. Before deciding include taking some extra steps such as comparing policies and providers, choosing an affordable level of cover, avoiding auto-renewals on policies, and increased vehicle security.

It is important to remember that the cost of car insurance can vary based on a range of factors. This includes the vehicle you drive. This is important to consider. As a teen get an “insurance friendly” vehicle. Cars that are nice and pricey, are a favorite target for car thieves. If your car is expensive to repair or is considered “high performance” you will most likely have a much higher insurance cost.

Before you buy a car, contact your insurer to get a quote on what it will cost to insure. Your driving history is also important, as well as your age, and where your vehicle is registered.

Average Car Insurance Rates By Age Courtesy Of (nerdwallet)

Another helpful tip is that some insurance companies in Colorado do offer some discounts. These are based on everyday life factors like school or if you live with your parents or guardian. Get on your parents’ or guardians’ insurance policy. It’s cheaper to add a teenager to a parents’ or guardians policy, rather than be insured separately.

Students listen up! GOOD GRADES PAY OFF! Most insurers offer a discount, some as high as 25%, for students who maintain a B average.

Driver experience is important! Graduated Driver Licensing law in Colorado requires teens to log 50 hours with an experienced driver. Taking a formal driver’s training course will likely save on insurance. Many companies offer up to a 10% discount.

Being auto insured is important when you’re a licensed driver. Colorado offers many ways for teens to get affordable car insurance; it just takes a little bit of digging. We want all the students at Frederick High School and in the community to be able to drive affordably and safely. Ask your insurance company about some of these helpful tips, or if you’re looking to get insured these will be helpful when looking for auto insurance.