Best Lakewood, CO Auto Insurance in 2024 (Top 10 Companies Ranked)
Best Lakewood, CO auto insurance is offered by Progressive, American Family, and Geico, with rates from $50/month. Progressive offers customizable coverage, American Family excels in customer service, and Geico provides top discounts for safe drivers, making them leading choices in Lakewood.
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Heidi Mertlich
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Heidi works with top-rated insurance carriers to bring her clients the highest quality protection at the most competitive prices. She founded NoPhysicalTermLife.com, specializing in life insurance that doesn’t require a medical exam. Heidi is a regular contributor to several insurance websites, including FinanceBuzz.com, Insurist.com, and Forbes. As a parent herself, she understands the need ...
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UPDATED: Oct 12, 2024
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Full Coverage in Lakewood CO
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Full Coverage in Lakewood CO
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Full Coverage in Lakewood CO
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19,116 reviewsThe best Lakewood, CO auto insurance comes from Progressive, American Family, and Geico. These providers excel in offering comprehensive coverage and valuable discounts. Overall, Progressive is the top pick, providing customizable policies to meet diverse needs.
American Family is renowned for its exceptional customer service, while Geico is favored for its significant discounts for safe drivers, making them ideal choices for Lakewood residents.
Our Top 10 Company Picks: Best Lakewood, CO Auto Insurance
| Company | Rank | Bundling Discount | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 | #1 | 10% | A+ | Competitive Rates | Progressive |
 | #2 | 25% | A | Flexible Coverage | American Family |
 | #3 | 25% | A++ | Extensive Discounts | Geico |
 | #4 | 17% | B | Local Agents | State Farm |
 | #5 | 25% | A+ | Comprehensive Coverage | Allstate |
 | #6 | 25% | A | Multi-Policy Discount | Liberty Mutual |
 | #7 | 20% | A+ | Vanishing Deductible | Nationwide |
 | #8 | 20% | A | Customizable Policies | Farmers |
 | #9 | 5% | A+ | AARP Members | The Hartford |
 | #10 | 15% | A | Claims Support | CSAA |
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- Best Lakewood, CO auto insurance offers tailored coverage for local drivers
- Progressive is the top pick for its flexible policies and competitive rates
- Safe driver discounts enhance affordability for Lakewood, CO auto insurance
#1 – Progressive: Top Overall Pick
Pros
- Affordable Options: Progressive’s rates start around $50/month in Lakewood, CO, making it a budget-friendly choice for the best Lakewood, CO auto insurance.
- Innovative Tools: According to our Progressive auto insurance review, the ‘Name Your Price’ tool helps customers in Lakewood, CO, find policies that fit their budgets.
- Vast Coverage Choices: Progressive offers a diverse range of coverage options that cater to the various needs of drivers in Lakewood, CO.
Cons
- Limited Local Presence: Some drivers in Lakewood, CO, may find fewer local agents, impacting personalized service.
- Complex Policy Details: Policies can be intricate, requiring careful reading by customers in Lakewood, CO, to avoid misunderstandings.
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#2 – American Family: Best for Flexible Coverage
Pros
- Exceptional Customer Service: American Family is known for outstanding support in Lakewood, CO, contributing to its top reputation for auto insurance.
- Flexible Coverage Plans: Customizable policies enable drivers in Lakewood, CO, to tailor their auto insurance coverage to their needs.
- Numerous Discounts: Based on our American Family auto insurance review, discounts for safe driving and bundling can lower premiums for residents in Lakewood, CO.
Cons
- Higher Starting Rates: Premiums in Lakewood, CO, may be higher than some competitors, making it less appealing for budget-conscious consumers.
- Limited Availability of Discounts: Only some discounts may apply to some customers in Lakewood, CO, reducing potential savings.
#3 – Geico: Best for Extensive Discounts
Pros
- Strong Discount Programs: Geico’s extensive discounts make it a top contender for the best Lakewood, CO, auto insurance.
- User-Friendly Technology: Within our Geico auto insurance review, we highlight how the Geico app allows easy policy management for residents in Lakewood, CO.
- Solid Financial Backing: Geico’s affiliation with Berkshire Hathaway provides reliable financial security for policyholders in Lakewood, CO.
Cons
- Variable Customer Experience: Customer service reviews can be inconsistent in Lakewood, CO, leading to mixed experiences.
- Limited Local Agent Support: The focus on online services may leave some customers in Lakewood, CO, wanting more personal interaction.
#4 – State Farm: Best for Local Agents
Pros
- Broad Coverage Selection: State Farm offers comprehensive options, ensuring drivers in Lakewood, CO, can find the best coverage.
- Accident Forgiveness: This program helps maintain premiums for drivers in Lakewood, CO, after a minor accident.
- Strong Local Agent Network: In our State Farm auto insurance review, we note that many local agents in Lakewood, CO, provide personalized service and advice.
Cons
- Higher Premiums for Some: Young drivers in Lakewood, CO, may face steeper rates with State Farm.
- Claims Processing Delays: Some customers in Lakewood, CO, report slower claims resolutions.
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#5 – Allstate: Best for Comprehensive Coverage
Pros
- Diverse Policy Options: Allstate provides various coverage types, making it a good choice for the best Lakewood, CO, auto insurance.
- : Allstate’s stability ensures claims will be honored for residents in Lakewood, CO.
- Multiple Discounts Available: Explore our Allstate auto insurance review review to discover how discounts help reduce customer costs in Lakewood, CO.
Cons
- Higher Premiums: Some customers in Lakewood, CO, may find Allstate’s rates above average.
- Mixed Customer Service Reviews: Experiences with customer support in Lakewood, CO, can vary significantly.
#6 – Liberty Mutual: Best for Multi-Policy Discount
Pros
- Flexible Coverage Options: See our Liberty Mutual auto insurance review, where we discuss how customizable policies cater to various needs in Lakewood, CO.
- Unique Discounts: Savings for new car features can lower premiums for residents in Lakewood, CO.
- User-Friendly Tools: Online tools make policy management accessible for drivers in Lakewood, CO.
Cons
- Higher Rates for New Drivers: Premiums for new drivers in Lakewood, CO, can be steeper.
- Longer Claims Processing Times: Reports of slower claims handling in Lakewood, CO, can lead to customer dissatisfaction.
#7 – Nationwide: Best for Vanishing Deductible
Pros
- Extensive Coverage Options: Delve into our Nationwide auto insurance review which highlights the broad range of policies provided for drivers in Lakewood, CO.
- Strong Discount Programs: Bundling and safe driving discounts make insurance more affordable in Lakewood, CO.
- Member Perks: Additional benefits enhance the value of coverage for residents in Lakewood, CO.
Cons
- Inconsistent Customer Service: Experiences can vary for Nationwide customers in Lakewood, CO.
- Higher Rates for High-Risk Drivers: Premiums for high-risk drivers in Lakewood, CO, can be elevated.
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#8 – Farmers: Best for AARP Members
Pros
- Comprehensive Coverage Options: Farmers offers a variety of policies for the best Lakewood, CO auto insurance.
- Discounts for Bundling: There are significant savings for customers in Lakewood, CO, who bundle policies.
- Solid Customer Support: With our Farmers auto insurance review, you can learn how Farmers is known for reliable customer service in Lakewood, CO.
Cons
- Lengthy Claims Processing: Customers in Lakewood, CO, may experience delays with Farmers.
- Limited Customization: Some Lakewood, CO drivers may need more options than competitors.
#9 – The Hartford: Best for Claims Support
Pros
- High Customer Satisfaction Ratings: The Hartford excels in customer service in Lakewood, CO, enhancing its reputation.
- Accident Forgiveness Options: Discover our The Hartford auto insurance review, which explains how this feature helps keep premiums low for safe drivers in Lakewood, CO.
- Broad Coverage Selection: The Hartford provides various coverage types for drivers in Lakewood, CO.
Cons
- Higher Premiums for Young Drivers: Inexperienced drivers in Lakewood, CO, may face elevated rates.
- Limited Availability>: Not all services may be accessible in every state, affecting residents in Lakewood, CO.
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#10 – AAA: Best for Customizable Policies
Pros
- Affordable Premiums: AAA offers competitive pricing for the best Lakewood, CO auto insurance rates.
- Strong Customer Focus>: Emphasizing satisfaction leads to positive experiences for policyholders in Lakewood, CO.
- Comprehensive Coverage Choices: View our AAA auto insurance review, where AAA provides a variety of policies for drivers in Lakewood, CO.
Cons
- Inconsistent Customer Support: Customers in Lakewood, CO, often provide varying feedback on the quality of service they receive from AAA.
- Limited Coverage Options: Some Lakewood, CO drivers may find fewer unique options than larger competitors.
Lakewood’s Leading Auto Insurance Options
When selecting auto insurance in Lakewood, CO, it’s important to compare providers based on price and the specific features and services they offer. The table below summarizes key providers in the area, detailing their strengths in minimum and full coverage options.
Lakewood, CO Auto Insurance Monthly Rates by Provider & Coverage Level
| Insurance Company | Minimum Coverage | Full Coverage |
|---|---|---|
| $58 | $180 |
| $55 | $160 |
| $51 | $168 |
| $57 | $178 |
| $50 | $150 |
| $60 | $185 |
| $53 | $165 |
| $52 | $175 |
| $54 | $170 |
| $59 | $182 |
Among these, Progressive is the top choice due to its combination of customizable coverage, flexibility, and competitive rates. Geico and American Family also offer strong options, with Geico excelling in affordability, and American Family is known for its excellent customer service.
By understanding your coverage needs and comparing providers, you can find the best auto insurance plan that offers protection and value in Lakewood.
Maximizing Auto Insurance Discounts in Lakewood
When securing the best auto insurance in Lakewood, CO, taking advantage of available discounts can significantly lower your premiums while ensuring you receive the coverage you need.
Each provider offers a variety of discounts tailored to different circumstances and lifestyles, making it essential for drivers to understand what’s available to them.
Auto Insurance Discounts From the Top Providers in Best Lakewood, CO
| Insurance Company | Available Discounts |
|---|---|
| Accident forgiveness, Good student, Bundling policies, New vehicle discount, Claim-free discount |
| Bundling discount, Good student, Smart home technology, Claim-free discount, Vehicle safety features |
| Loyalty discount, Good student, Bundling, Home security system, Pay-in-full discount |
| Homeowner discount, Smart driver program, Good student, Bundling policies, Early sign-up discount |
| Good student, Multi-car, Anti-theft device, Military, Safe driving discount |
| New car discount, Multi-policy discount, Homeowner, Accident forgiveness, Claim-free discount |
| SmartRide (telematics), Multi-policy, Homeowner, Good driver, Safe vehicle discount |
| Multi-vehicle, Homeowner, Snapshot (telematics), Good student, Paid in full discount |
| Steer Clear program (for young drivers), Multi-policy, Homeowner, Safe driver, Teen driver discount |
| AARP discounts, Safe driving discounts, Homeowner discount, Multi-car, Claim-free discount |
For instance, Allstate and American Family provide bundling discounts, rewarding customers who combine multiple policies like auto and home insurance. Meanwhile, Geico and State Farm offer good student discounts, benefiting families with academically successful young drivers.
In addition, safe driving rewards are available from Progressive and Liberty Mutual, which recognize and lower rates for those with clean driving records.
By taking advantage of these discounts, drivers can find affordable premiums while ensuring they have the necessary coverage for peace of mind.
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Auto Insurance Coverage Requirements in Colorado
When exploring the best auto insurance options in Lakewood, CO, it’s essential to understand the state’s coverage requirements and how they can impact your premiums. In Colorado, the legal minimums for automobile insurance include:
| Coverage | Requirements | Most Common |
| Bodily Injury Liability | 25,000/50,000 | 100,000/300,000 |
| Property Damage Liability | 15,000 | 100,000 |
| Uninsured Motorist Bodily Injury | Not required | 100,000/300,000 |
| Medical Payments | Not required | 5,000 |
| Collision | Not required | 500 deductible |
| Comprehensive | Not required | 100 deductible |
While meeting these minimums may seem adequate, it’s important to consider that liability insurance only covers damages when you are at fault. If another driver causes an accident or if your car suffers damage due to unforeseen events, you’ll be left to cover those costs yourself.
Therefore, opting for additional coverage, such as collision and comprehensive, can provide vital financial protection. Additionally, customer service and claims handling efficiency are crucial elements to consider when selecting the best Lakewood, CO auto insurance.
Getting the best deal, comparing quotes from various providers, and inquiring about any available discounts that could further reduce your costs is wise.
Major Factors in Cheap Auto Insurance in Lakewood, Colorado
Finding the best auto insurance in Lakewood, CO, it’s essential to understand the factors that affect your premiums. While some are beyond your control, others can be adjusted to help lower your rates.
Here’s a quick overview of critical factors impacting insurance costs in Lakewood.
Your ZIP Code
Auto insurance companies assess your risk based on where you live. In Lakewood, with a population of over 147,000, your rates might be influenced by the city’s traffic patterns, accident frequency, and crime statistics.
To gain profound insights, consult our extensive guide titled “When is high-risk auto insurance required?”
Heavily populated areas tend to see higher premiums due to increased accident risks, while areas with lower traffic congestion might offer more affordable rates.
Automotive Accidents
The number of accidents in Lakewood is an essential consideration for insurers. If you live in a neighborhood with a low accident rate, you may qualify for lower insurance premiums.
Lakewood’s accident statistics are relatively moderate, but it’s still vital to check your ZIP code’s specific safety record, as lower accident rates can lead to savings on auto insurance.
Auto Thefts in Lakewood
Auto theft is another factor insurers weigh when calculating premiums. Lakewood saw 521 auto thefts in 2010, and while the number fluctuates, living in areas with higher theft rates could result in higher insurance costs.
Installing anti-theft devices and alarms can help you reduce these costs, as many insurers offer discounts for vehicles equipped with security features.
Your Credit Score
In Colorado, your credit score is a significant factor in determining your insurance premium.
Insurance providers view drivers with excellent credit as lower risk, often offering them better rates, which is a key factor in how your credit score affects your car insurance premiums.
Conversely, drivers with poor credit could pay significantly more. Keeping your credit in good standing is an effective way to lower your car insurance premium in Lakewood.
Your Age
In Lakewood, younger drivers, particularly teenagers, are often charged much higher premiums due to their lack of driving experience. As you get older and gain more experience, you can expect to see your rates drop.
For younger drivers, seeking discounts for good grades or safe driving courses can help offset these higher costs.
Your Driving Record
Your driving record plays a critical role in your auto insurance cost. Drivers with a clean record in Lakewood can enjoy lower premiums, while those with accidents, tickets, or DUIs will face higher costs.
Some insurers in the area offer “accident forgiveness,” which can protect your rates after a minor incident.
To learn more, explore our comprehensive resource on insurance titled “<Car Insurance After A DUI.”
Your Vehicle
The car you drive significantly impacts your auto insurance premium, with luxury cars, sports models, and high-repair-cost vehicles ranking among the most expensive cars to insure, leading to increased rates.
More common, moderately priced cars like sedans or mid-sized SUVs are generally cheaper to insure in Lakewood. When choosing a vehicle, it’s essential to consider how it will affect your insurance costs.
By understanding these factors, you can make informed decisions and find the best auto insurance in Lakewood, CO, at a budget-friendly price. Always compare quotes from multiple providers for the best value.
Minor Factors in Cheap Auto Insurance in Lakewood, Colorado
Some often overlooked factors can impact your premiums when searching for the best auto insurance in Lakewood, CO. Being aware of these can help you make informed decisions and secure lower rates:
Your Marital Status
Married couples can save by bundling their auto insurance policies. Most insurers offer discounts for combining policies with your spouse, lowering monthly premiums.
Progressive is the top choice for Lakewood drivers, offering customizable coverage options and competitive pricing to meet diverse needs.
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Just be sure both policies are with the same company to benefit from these savings.
Your Gender
In today’s market, most insurance providers, including those offering Lakewood auto insurance, no longer significantly alter premiums based on gender.
This is just one of the many factors that affect your car insurance premium, and even if Lakewood, CO auto insurance companies consider it, the difference is usually minimal—around 2-3%.
Your Driving Distance to Work
The average commute time for Lakewood residents, many of whom travel to nearby Denver for work, is between 22-30 minutes. Reducing your annual mileage might lower your rates substantially, but it typically only results in a modest 3-4% reduction.
Lakewood, CO Report Card: Auto Insurance Premiums
| Category | Grade | Explanation |
|---|---|---|
| Uninsured Motorist Coverage | A | Essential due to a higher percentage of uninsured drivers. |
| Collision Coverage | A- | Strong protection against damages from accidents. |
| Comprehensive Coverage | B+ | Good for theft and non-collision incidents. |
| Liability Coverage | B | Meets state minimums but could benefit from higher limits. |
| Personal Injury Protection | B | Covers medical expenses; options may vary by provider. |
However, if you classify your vehicle for business use, expect your premium to increase by more than 10%.ost over 10% more to insure each month than vehicles used for work, school, or pleasure commutes.
For detailed information, refer to our comprehensive report titled “Cheap Pay-Per-Mile Insurance.”
Your Coverage and Deductibles
Raising your deductible is an effective strategy if you want to increase your coverage without inflating your monthly payments.
Lakewood, CO Auto Accident & Insurance Claim Statistics
| Factor | Value |
|---|---|
| Annual Accidents | 1,200 |
| Average Claims per Year | 800 |
| Fatal Accidents | 10 |
| Injury Accidents | 300 |
| Percentage of Claims | 66.70% |
You can cut your premium significantly while maintaining adequate coverage by boosting your deductible by a few hundred dollars, making it easier to find competitive auto insurance quotes in Lakewood.
Your Education
Higher education can lead to lower premiums. Lakewood drivers with college degrees enjoy better rates than those with only a high school diploma.
Nearby cities like Denver and Golden offer a range of higher education institutions, providing opportunities for those looking to further their education and save on insurance, including access to cheap auto insurance quotes.
To find affordable auto insurance in Lakewood, understand how these factors impact your premiums. Review them, compare quotes, and avoid settling for less value.
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Navigating Auto Insurance Options in Lakewood, CO
Finding the best auto insurance in Lakewood, CO, requires evaluating top providers like Progressive, American Family, and Geico, each with unique strengths.
Progressive offers customizable coverage and competitive pricing, making it ideal for varied lifestyles. American Family is known for its excellent customer service, while Geico appeals to budget-conscious drivers with significant discounts for safe driving.
Residents can also save through bundling policies and good student discounts. Lakewood drivers can make informed choices by understanding Colorado’s coverage requirements and factors influencing premiums, such as ZIP code and driving history.
Ultimately, comparing quotes and leveraging discounts will help secure affordable and comprehensive and collision auto insurance tailored to individual needs, making it easier to find the best car insurance in Lakewood.
Uncover affordable auto insurance rates from the top providers by entering your ZIP code below.
Frequently Asked Questions
Can someone drive my car if they are not on my insurance in Colorado?
Anyone with a valid driver’s license can drive your vehicle, but your insurance will cover damages if they have an accident.
How does Lakewood, CO, auto insurance work?
Drivers must carry minimum liability coverage, but many choose additional coverage like collision and comprehensive. Premiums vary based on factors like driving history and vehicle type.
Explore your auto insurance options by entering your ZIP code into our free comparison tool below today.
What happens if I get hit by an uninsured driver in Lakewood, CO?
If an uninsured driver hits you, your uninsured motorist coverage can help cover your damages and medical expenses as long as you have this insurance.
What happens if someone else drives my car and gets in an accident in Lakewood?
Your insurance typically covers damages if someone else drives your car and gets into an accident, depending on your policy’s terms. Coverage can vary based on limits, deductibles, and exclusions, so review your policy for details.
Is Lakewood, CO, an expensive state for car insurance?
Premiums for car insurance in Lakewood, CO, may be higher due to population density and traffic patterns. Still, costs vary by individual circumstances, making comparing car insurance quotes in Lakewood essential.
What are the requirements for commercial auto insurance in Lakewood, CO?
Businesses must carry liability insurance that meets state minimums, with additional coverage based on usage.
Can I register my car in Colorado without insurance?
You can only register a vehicle in Colorado with proof of insurance, as the state requires at least minimum liability coverage for all vehicles.
What is full coverage insurance in Lakewood, CO?
Full coverage insurance typically includes liability, collision, and comprehensive coverage, protecting you from various risks on the road.
Can I get insurance without a license in Colorado?
You must have a valid driver’s license to obtain auto insurance in Colorado, as insurers require proof of legal driving ability.
To delve deeper, refer to our in-depth report titled “Can you get auto insurance without a license?”
Who is the most trusted insurance company in Lakewood?
Progressive is often considered the top choice among car insurance companies in Lakewood, with American Family and Geico also recommended for their competitive rates and good service.
Get the best auto insurance rates possible by entering your ZIP code below into our free comparison tool today.