Colorado Teen Auto Insurance Premium Examples

Colorado Teen Auto Insurance Premium Examples



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These auto insurance rate examples are from a large Colorado insurance company, based on one male and one female teen.  While premiums will vary by driver and company, these examples clearly demonstrate that while teens as a group pay more for insurance because they are the highest risk drivers, as individual drivers, if teens follow the rules and are able to take advantage of all the safety discounts, they can significantly reduce what they (and their parents) pay for auto insurance. In this example, a young driver could see the price of their insurance more than double after one ticket and one accident.

Just to emphasize, the company used better than average coverage for our rate examples, not barebones coverage, so they are not the company's lowest prices. All are based on the teen driving a 2003 Honda, normal use.

Male Teen Driver

Newly licensed male teen driver, 6-mo. auto policy

No tickets or accidents Good driver, driver training, good student, and multi-car discounts

One ticket
Loses the good driver discount (others still apply)

One ticket and one accident Loses the good driver discount, (other discounts still apply); includes an accident surcharge

Pueblo, CO

$1,101

$1,206

$2,637

Parker, CO

$994

$1,092

$2,430

Weld County, CO

$869

$953

$2,121

El Paso County, CO

$949

$1,042

$2,306

 

 

Female Teen Driver

Newly licensed female teen driver, 6-mo. auto policy

No tickets or accidents Good driver, driver training, good student, and multi-car discounts

One ticket
Loses the good driver discount (others still apply)

One ticket and one accident Loses the good driver discount, (other discounts still apply); includes an accident surcharge

Pueblo, CO

$898

$984

$2,152

Parker, CO

$811

$891

$1,982

Weld County, CO

$709

$778

$1,730

El Paso County, CO

$774

$850

$1,878

 source: http://www.rmiia.org/auto/teens/Buying_Auto_Insurance.asp

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