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How much is car insurance in Wheat Ridge?
|Area||Average Monthly Car Insurance Premium|
Auto insurance coverage in Wheat Ridge is about $7 cheaper than it is in the rest of Colorado.
Similarly, when compared to the national average, the cost for auto insurance in Wheat Ridge is lower. On average, it's about $16 less to insure your vehicle in Wheat Ridge than it is in the rest of the U.S.
Although these are the average car insurance rates in Wheat Ridge, you could end up paying something different. Insurance companies take an array of factors into consideration when determining how much to charge you to insure your vehicle. Age, gender, vehicle make and model, driving record, and in some cases, your credit score, are all factored into assessing the final dollar amount you'll be asked to pay each month.
We've broken down average rates for Wheat Ridge to help you understand what your policy's monthly premium will cost. If you think you might be overpaying for insurance in your area, enter your ZIP below and find out!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
It makes sense that the older you are, the more experience you have driving, right? That experience pays off when it comes to auto insurance. As you can see, 18-24-year-olds pay $60 more than drivers of retirement age.
You can expect to see your monthly premium drop every 10 years or so. You may see your rates start to rise again once you hit retirement in Wheat Ridge.
Average Car Insurance Rates by Gender
On average, female drivers pay slightly less than male drivers for car insurance. In Wheat Ridge, although men do pay a little bit less on their monthly auto insurance coverage, the price is about the same for either group.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Your driving record can have a tremendous impact on your car insurance rates. Drivers who avoid accidents and tickets will pay much lower rates than those with infractions. The rate for drivers in Wheat Ridge with a single accident on their record is about $73 a month. Similarly, if you have one ticket on your record, you will be looking at an average rate of around $66.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$55|
|15 Years or Older||$63|
In Wheat Ridge, the cheapest vehicles to insure are typically trucks and vans, with drivers paying around $53 per month for insurance.
Car owners will see a monthly bill of about $70, while SUV owners usually pay around $58 a month.
In addition to vehicle type, you can also expect to see slightly different rates depending on the age of your vehicle. Generally, newer vehicles are going to be the most expensive to insure. However, your rates may start to drop back down once your car is a few years old. In Wheat Ridge, the most expensive vehicles to insure are vehicles eight-to-ten years old.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$66|
Generally, car insurance is slightly cheaper for married policyholders. This usually happens because companies will offer special discounts to policyholders with multiple vehicles that are on the same policy.
Married couples, on average, pay less than single drivers do to insure their vehicles. This holds true in Wheat Ridge, with married couples paying about $10 less per month.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$105|
Your living accommodations is another factor that affects your monthly rate. In Wheat Ridge, homeowners can expect to pay around $12 a month less than those who rent. But if you live with your parents, your rates will be significantly higher.
Bundling your home or rental insurance with your auto insurance can oftentimes reduce your average costs, depending on your insurance company.
Car Insurance Companies in Wheat Ridge, CO
Recent trends in car insurance for Wheat Ridge drivers
The average rates for car insurance are constantly changing, so it's a good idea to know the recent trends in your area when selecting an auto insurance policy.
The cost of car insurance coverage in Wheat Ridge have been mixed as of late, it increased in 2016, declined in 2018, and rose again in 2020, before finishing at $66 in 2021.
How does Wheat Ridge compare to neighboring areas?
Why are car insurance rates in Wheat Ridge different from other areas?
There are a variety of factors car insurance companies take into consideration when deciding how much to charge for coverage. While we've discussed the ones that affect your personal policy, others are based around where you call home. These include things like:
- Amount of off-street parking
- Amount of drivers
- Area crime rates
- Road Safety (frequency of car accidents)
- Regional regulations
It's good to be aware of these factors (even though you may not be able to do much to influence them) as you shop for a new policy or consider relocating. Different towns and cities will all have different average rates, so guides like these are a great place to get started.
How can I find the cheapest car insurance in Wheat Ridge?
While understanding what the average costs are for drivers like you can be helpful as you get an idea of what you might end up paying, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.
But hold on! Compare.com can handle all of this for you. Just punch in your ZIP Code below, answer a few questions related to the factors we outlined above, and you'll be quickly comparing the cheapest quotes from many of the car insurance companies offering coverage in Wheat Ridge.
Wheat Ridge Insurance FAQs
What factors affect car insurance quotes in Wheat Ridge?
Car insurance companies calculate quotes based on a wide array of factors. These include things like your age and gender, but also factors like your driving record, address, credit score, marital status, as well as your vehicle's year and make and model.
Why is the cost of car insurance in Wheat Ridge different from other neighboring cities?
Things like crime rates, local laws, and parking situations, 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 Wheat Ridge?
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 Wheat Ridge?
Any major life event, whether it be moving to a new area, finding a new job, getting married, or any other notable event always presents a good opportunity to re-evaluate your current insurance policy. Regardless of your previous rate, there may be cheaper options in your new location, so it's a good idea to use services like Compare.com to compare quotes from dozens of companies side-by-side.
Do I need to wait for my policy to expire to switch to a different car insurance company?
No. In fact, you can swap companies at any point, regardless of how much time is left on your current coverage. So, whether you're moving to Wheat Ridge or just curious about rates in your area, why not take 10 minutes to see if Compare.com can save you money?