What You Need to Know About Car Insurance in Colorado
Located in eastern Colorado, Greeley is one of the state’s most charming small towns. Officially part of the Denver suburbs, it boasts panoramic views of the majestic Rocky Mountains and 300+ days of sunshine every year. Some of Greeley’s top attractions include the Poudre River Trail, Colorado Model Railroad Museum, Centennial Village Museum, Pawnee National Grasslands, and the Union Colony Civic Center.
All Greeley drivers must have an active auto insurance policy to drive legally in Colorado. Failure to provide proof of insurance at a traffic stop will result in a suspended driver’s license and registration on top of fines and reinstatement fees. Keep reading to learn more about auto insurance in Colorado, including the average rates paid by age, zip code, and nearby cities in the area.
How Much Does Car Insurance Cost in Greeley, CO?
The average monthly premium paid by Greeley drivers is $120 for full coverage, slightly lower than the Colorado average of $130 and much lower than the national average of $140. Full coverage includes protection to help you pay for damages to your vehicle, even if you are at fault for an incident.
The state-required minimum average is $44, which is just slightly lower than the national average of $47. This coverage provides basic liability or bodily injury and property damage. It will only be used in the event you are at fault for an accident to pay for the damages you cause to someone else. Your liability will never be used to pay for your own damages.
Why is Insurance so Cheap in Colorado?
Coloradans are fortunate on the one hand that their state only requires a minimal amount of liability coverage. On the other hand, that small amount of protection isn’t going to “protect” much if you slide on an icy patch and total someone’s brand new car. Consider that Colorado only requires this amount for car insurance:
- $25,000 bodily injury/death liability per person
- $50,000 bodily injury/death liability per accident
- $15,000 property damage liability per accident
What that means is if you choose to carry the smallest amount (which is also the cheapest car insurance in Greeley), you’ll also only have roughly $15,000 (minus your deductible) to help pay for that car you hit when you slid on the ice. Most new cars cost around $30,000 these days – you can see where it might hurt financially to have to come up with an additional $15,000 out of pocket.
Also, Greely is a smaller town so there isn’t the huge traffic congestion and crime of larger metropolitan areas. That translates to fewer overall claims and personal lawsuits, which means lower auto insurance premiums for everybody.
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Affordable Car Insurance Rates Comparison by Cities in Colorado
For the average monthly premium paid in Colorado cities, see our breakdown below.
|City||Full Coverage Insurance||Liability Insurance Coverage|
Affordable Car Insurance Rates by Zip Code in Greeley, CO
Every zip code in Greeley pays a different average monthly premium thanks to several factors including theft and claims rates.
For the average monthly premium paid by Greeley residents by zip code, see our breakdown below.
|Zip Code||Full Coverage Insurance||Liability Insurance Coverage|
Low-Cost Car Insurance Rates by Age in Greeley, CO
Age is a heavy deciding factor when insurers determine how high or how low your premiums are. Expect younger drivers to pay significantly higher premiums than older drivers, thanks to a shorter driving record and higher overall incident rate.
For the average monthly premium paid by Greeley residents by age, see our breakdown below.
|Age||Full Coverage Insurance||Liability Insurance Coverage|
Unless otherwise specified, we use the following methodology to arrive at our average cost: male, age 30, lowest possible legal coverage allowed by Colorado. Your rates will be determined by several factors, including your age, your gender and the amount of coverage you want to purchase.
Driving Conditions in Greeley, CO
How Many FataI Accidents Happen in Greeley?
In 2019, there were four fatal road traffic accidents in Greeley involving eight vehicles and nine people.
How Are the Road Infrastructure and Bridges in Greeley, Colorado?
Greeley’s Public Works Department works to upgrade and maintain all road infrastructure, streets, and bridges in the region to improve traffic flow and safety. Example programs include snow/ice control, pavement upgrades, pothole repairs, and stormwater maintenance. Its Engineering Division I division also works to plan, review, inspect, and implement transportation upgrades.
For more information on Greeley’s Public Works Department, visit City of Greeley – Public Works.
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Car Insurance Factors Allowed in Greeley, CO
Every auto insurance company uses numerous underwriting factors to determine your premiums. Some of these factors include:
- Zip code of residence
- Credit score
- Claims history
- Driving an older make and model vehicle
- Discount eligibility
- Number of in-vehicle safety features
Discounts for Car Insurance in Greeley, Colorado
Greeley drivers can take advantage of all kinds of auto insurance discounts. They generally fall under four categories: policy-based, usage-based, driver-characteristic, and vehicle-based discounts.
Discounts available to Colorado drivers include, but are not limited to:
As your life circumstances change, we recommend calling your insurance provider every 6 months to a year to see if you qualify for any new discounts. For example, switching to an older make and model vehicle or adding homeowners coverage to your policy qualify for a small discount.
What Are the Penalties for Driving Without Insurance in Greeley, CO?
Driving without insurance in Colorado is classified as a Class 1 misdemeanor, punishable with a suspended driver’s license and registration, fines, administrative fees, and even jail time depending on the severity of the offense.
First-time offenders will pay a fine of at least $5,000 and see a driver’s license and registration suspension until proof of insurance is provided. Reinstatement requires a $95 fee and a filed SR-22 form for three years that lets the state of Colorado know that you are carrying the minimum required liability limits to drive legally in the state.
Second-time offenders will see increased fines of at least $1,000 with the same $95 fee and SR-22 filing rules.
Each offense will tack on four points to your driving record.
Unfortunately, you can also expect your premiums to increase after being reclassified as a high-risk driver, which happens when you get an SR-22. However, assuming a clean driving record, your premiums can lower gradually after the three-year mark.
Remember, the state of Colorado requires that all drivers carry minimum liability limits of $25,000 in bodily injury liability per person, $50,000 in bodily injury liability per accident, and $15,000 in property damage liability per accident.
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Low-Cost Car Insurance in Greeley, CO. Today!
With all of the financial strain of owning a vehicle, Freeway Insurance is on hand to help you find an affordable auto insurance policy that meets all of your coverage needs.
Getting started with Freeway Insurance is easy. Request a quote online, visit a Greeley office near you, or call 800-777-5620 for a free no-obligation consultation with one of our friendly agents to review your options. We look forward to speaking with you soon!