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How much is car insurance in Wheat Ridge?
|Area||Average Monthly Car Insurance Premium|
Compared to the rest of the Colorado, coverage in Wheat Ridge is about $4 a month cheaper.
Likewise, car insurance rates in Wheat Ridge are often favorable when viewed against the rest of the country. Car insurance rates for the United States as a whole are, on average, $13 more expensive than the rates you'd pay in Wheat Ridge.
Bear in mind that while these rates represent the expected monthly payments for residents of Wheat Ridge, it doesn't mean that's what you'll pay. There are a variety of factors that car insurance companies consider to determine how much to charge you to get your vehicle insured. Things like age, gender, vehicle make and model, driving record and, in some areas, credit score can all get factored into calculating the amount you'll be asked to pay each month.
We've analyzed the average rate for Wheat Ridge and broken down the different factors to help you understand what exactly you might be asked to pay. And if you think you might be overpaying for insurance, simply enter your ZIP Code below to learn more about rates in your area!
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Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
|45-54||Not Enough Data|
It's pretty safe to assume that the older you are, the longer you've been driving. That experience can turn into some real savings when it comes to car insurance bills. In this case, 18-24-year-olds pay $68 more than drivers 65 and older.
You can expect to see your monthly premium drop every 10 years or so. Drivers in Wheat Ridge may see their rates creep back up once they hit retirement age.
Average Car Insurance Rates by Gender
Female drivers pay, on average, slightly less than their male counterparts. While this isn't true in Wheat Ridge, the difference in monthly rates is minimal.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Your driving record can have a huge impact on your car insurance rates. A clean driving record will get you a lower rate than one with even just a single accident or infraction. Drivers in Wheat Ridge with a single accident will pay around $77 a month. In addition, drivers with a single ticket on their record can expect to pay around $92 a month on average.
Accidents, tickets, and other driving infractions can really add up when it comes to how much you pay. 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||$55|
|15 Years or Older||$66|
According to the first table above, trucks and vans are usually the cheapest vehicles to insure in Wheat Ridge, with drivers paying around $56 per month for auto insurance.
Car owners will see a monthly premium of about $70, while SUV owners by and large pay around $68 per month.
Your rates can also vary depending on the age of your vehicle. Generally, newer vehicles are going to be the most expensive to insure. Once your car is close to 5 years old, however, you may see your bill start to shrink a bit. In Wheat Ridge, vehicles four-to-five years old are the most expensive to insure.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$70|
More often than not, married policyholders will pay slightly less for car insurance coverage. This oftentimes is a result of owning multiple vehicles that are on the same policy, something that will often get you a discount.
In Wheat Ridge, the difference in rates based on relationship status can be as much as $13 a month.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$105|
Your living situation is another component of how insurance companies calculate your monthly rate. Homeowners in Wheat Ridge can expect to pay around $17 a month less than those who rent. But those who live at home with their parents can expect to pay significantly more.
Bundling your home or rental insurance and auto insurance policies can oftentimes reduce your average premiums, depending on your insurance company.
Car Insurance Companies in Wheat Ridge, CO
Recent trends in car insurance for Wheat Ridge drivers
Car insurance rates are frequently changing, so it's in your best interest to understand which way your area is trending before shopping for coverage.
In Wheat Ridge, car insurance rates decreased from 2017-2019, when they hit a low of $51. This shifted in 2020, when rates started to rise. They reached a high of $83 in 2021, and finished at $73 in 2022.
How does Wheat Ridge compare to neighboring areas?
Why are car insurance rates in Wheat Ridge different from other areas?
Car insurance companies will take into account several factors when they're figuring out how much to charge for a policy. Where you live will also have a significant impact on your personal policy. This may include things like:
- Total amount of drivers in the community
- General road safety (how many accidents each locality has)
- Availability of off-street parking
- Local crime rates
- Regional laws
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. Different cities and towns will each have different rates, so guides like these are a handy way to learn more.
How can I find the cheapest car insurance in Wheat Ridge?
Arming yourself with information about the average costs for drivers in your area will better prepare you for the real deal. The only way to know for sure what your rate will be is by asking for a quote from car insurance companies.
But hold on! Compare.com does all of that work for you. Just type in your ZIP below, answer a few questions about your driving profile, and you'll be comparing the cheapest quotes from numerous car insurance companies offering policies in Wheat Ridge.
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Wheat Ridge Insurance FAQs
What factors affect car insurance quotes in Wheat Ridge?
The factors that car insurance companies take into account when calculating your monthly cost include things you can't control like your gender and age, but also factors like your address, credit score, driving record and 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?
Crime rates, local laws, and parking situations -- all of which can change from city to city -- play a large role in the rates that car insurance companies may charge for coverage.
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 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, 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 Wheat Ridge 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.
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