Golden, CO Car Insurance

On average, Golden drivers pay a monthly average rate of around $63 for their car insurance. Read our guide below to learn more about your specific rates.
Compared to their surrounding area, how do rates in Golden stack up? What about against the rest of Colorado? What can Golden residents expect to pay for their car insurance? You can see the cost breakdowns and contributing factors in the charts and writeups below:  

How much is car insurance in Golden?

Area Average Monthly Car Insurance Premium
Golden$63
CO$71
United States$80

Looking at the chart above, you can see it's around $8 a month cheaper to insure your vehicle in Golden than it is in the rest of Colorado.

Likewise, when compared to the national average, the cost for auto insurance in Golden is lower. On average, it's about $17 less to insure your vehicle in Golden than it is in the rest of the United States.

While these are the average costs to insure your vehicle in Golden, keep in mind that you could end up paying a different amount. Insurance companies weigh a variety of factors when determining how much to charge you for car insurance. Age, gender, vehicle make and model, driving record, and in some cases, your credit score, are all taken into consideration when calculating the final dollar amount you'll be asked to pay each month.

We've broken down average rates for Golden to help you understand what your policy's monthly premium will cost. To find out if you're overpaying for your area, just enter your ZIP Code below and find out in minutes!

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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18Not Enough Data
18-24$96
25-34$54
35-44$66
45-54Not Enough Data
55-64$44
65+$54

The more time you have behind the wheel, the more experienced of a driver you should be. It also makes sense that the more experienced of a driver you are, the safer you are. In this case, 18-24-year-olds pay $42 more than someone who is at retirement age.

You can expect to see your monthly premium drop every 10 years or so. Golden drivers may see their rates start to rise again once they hit retirement age.

Average Car Insurance Rates by Gender

Gender Average
Male$62
Female$64

On average, female drivers pay slightly less for car insurance than their male counterparts. In Golden, although men do pay a bit less on their monthly auto coverage, the cost is about the same for either group.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$75
Multiple Accidents$113
1 Ticket$85
Multiple Tickets$110

Depending on your driving record, your rates can vary quite a lot. A clean driving record will obviously get you a lower rate than one with accidents or infractions. In Golden, drivers with one accident on their record will experience rates around $75 a month. Likewise, if you have one ticket, you'll be looking at an average rate of around $85.

Regardless of where you live, accidents, tickets, and other driving infractions can greatly increase your premium. In order to keep your monthly bill down and get the cheapest car insurance possible, keep your record clean and drive safely.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$75
2-3 Years$49
4-5 Years$60
6-7 Years$74
8-10 Years$63
11-14 Years$61
15 Years or Older$63

If you look at the first table above, you'll see that SUVs are by and large the cheapest vehicles to insure in Golden, with drivers paying around $59 per month for insurance.

Truck and van drivers will see rates of about $62, while the rates for car owners average out to about $64 per month.

Your rates can also vary depending on how old your vehicle is. Generally, newer vehicles are going to be the most expensive to insure. However, if your car is a few years old, you can expect to see your rates start dropping back down. In Golden, vehicles less than one year old are the most expensive to insure.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$63
Married$65
Divorced$61
Widowed$49

On average, car insurance is slightly cheaper for married policyholders. This usually happens because companies will extend special discounts to policyholders with multiple vehicles that are on the same policy.

While married drivers normally pay less than single drivers, in Golden both groups pay about the same rate.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$59
Rent$68
Live with parents$93

Another factor taken into consideration is your housing situation. If you rent your home or apartment, expect to pay around $9 a month more than homeowners in Golden. But if you live with your parents, your rates will be significantly higher.

Depending on your insurance company, they may offer you a discount if you bundle your home or renters insurance with your auto policy.

Car Insurance Companies in Golden, CO

Recent trends in car insurance for Golden drivers

The average rates for car insurance are constantly changing, so it's a good idea to know the recent trends in your area before picking an insurance policy.

The rates for car insurance in Golden had been decreasing from 2016-2017, when they hit a low of $58. This pattern leveled out in 2018, when they began to rise, and have continued moving in that direction through 2021, when insurance rates reached a high of $80 a month.

How does Golden compare to neighboring areas?

Why are car insurance rates in Golden different from other areas?

Car insurance companies look at numerous factors when they're choosing how much to charge for a policy. A few of these factors affecting your personal policy have already been mentioned, but others are based around where you call home. These include things like:

  • Local laws
  • Road Safety (frequency of car accidents)
  • Amount of drivers in the region
  • Amount of off-street parking
  • Crime rates

While you won't have the ability to change these factors yourself, they can be handy to keep in mind when seeking a new policy or considering a move. Realizing that different towns and cities will all have different rates, guides like these can be a good way to get a lay of the land of your corner of the world.

How can I find the cheapest car insurance in Golden?

While getting familiar with what the average costs are for drivers like you can be helpful as you get an idea of what you might pay, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.

Fortunately, Compare.com will handle the heavy lifting for you. Enter your ZIP below, respond to a few questions, and you'll be comparing the cheapest quotes from the many car insurance companies that offer policies in Golden.

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Golden Insurance FAQs

What factors affect car insurance quotes in Golden?

Auto insurance companies take a wide array of factors into consideration when calculating your monthly payment. These include things like your vehicle's year, make and model, your gender and age, as well as your credit score, driving record, marital status, and address.

Why is the cost of car insurance in Golden different from other neighboring cities?

Things like parking situations, local laws, and crime rates, which are dependent on your address and area you live in, can significantly affect the cost of insurance relative to other cities.

Which car insurance company will offer me the cheapest rate in Golden?

Since the factors that go into calculating your monthly payment vary from person to person, there isn't one company that will always offer the cheapest rate to everybody. You can be confident that you're receiving the best price possible however, by using sites like Compare.com to compare multiple quotes at once.

Do I need to change my insurance if I move to Golden?

Whenever you relocate or experience another major life event, such as getting married or finding a new job, you should consider re-evaluating your current insurance policy. By using services like Compare.com to compare quotes from multiple companies at once, you can be sure to capture any new savings brought about by your new situation.

Do I need to wait for my policy to expire to switch to a different car insurance company?

No, you can switch companies at any point, no matter how much time is left on your current policy. If you're thinking about moving to Golden or are wondering if you're paying the best rate for your current area, take 10 minutes and visit Compare.com to find out for sure.

Find your best rate in just a few minutes