Cheapest and Best Car Insurance in Centennial, CO (June 2024)

In Centennial, Colorado, American National P&C offers the cheapest full coverage, while Colorado Farm Bureau is the best choice for minimum coverage. If you have teens, Kemper provides the best rates. Acuity stands out for the best customer service and is the best overall for offering a balance of cost and service. Your ultimate choice should align with your specific needs and desired coverage.

MoneyGeek found that Colorado Farm Bureau offers the cheapest minimum coverage car insurance in Centennial. By comparing rates, Centennial residents can secure the cheapest car insurance options:

• Colorado Farm Bureau: $298 per year
• American National P&C: $303 per year

Allstate has the most expensive minimum coverage policy in Centennial, with an annual premium of $1,012. This $714 difference highlights the importance of shopping around for the best car insurance rates.

Colorado state-mandated minimum coverage car insurance includes the following limits:

• $25,000 bodily injury per person
• $50,000 bodily injury per accident
• $15,000 property damage liability per accident

If you have minimum coverage insurance and cause an accident, your policy may cover up to $25,000 for each injured person, with a total limit of $50,000 per accident. However, if the injuries cost more, you'll likely be responsible for the difference out of pocket.

MoneyGeek found that American National P&C is the cheapest option for the cheapest full coverage car insurance in Centennial. Here are the two most affordable providers:

• American National P&C: $726 per year
• Colorado Farm Bureau: $747 per year

Kemper offers the most expensive full coverage policy at $1,707 annually. There is a substantial $981 difference between the most affordable and priciest policies, underscoring the significance of comparing rates. Full coverage is typically costlier than minimum coverage due to its inclusive protection against various incidents.

A full coverage policy has enhanced liability limits compared to basic coverage, including $100,000 for bodily injury per person, $300,000 for each accident and $100,000 for property damage liability. This coverage is also referred to as a 100/300/100 policy.

In addition to these higher liability limits, full coverage extends to include both comprehensive and collision insurance:

• Collision Insurance: This covers the costs of repairing your car in the event of a collision with another vehicle or a stationary object like a tree or light post. It also covers rollover accidents and pothole damage.
• Comprehensive Insurance: This manages expenses arising from non-collision incidents, such as theft, vandalism, fires, natural disasters or being hit by an animal.

Opting for full coverage is particularly advisable when you own a new car to protect your sizable investment against potential losses. However, for older vehicles, the additional cost for full coverage may not always be a cost-effective choice. Deciding how much car insurance you need requires careful consideration between the cost of premiums and the risk of being underinsured. Striking the right balance is key to ensuring you are adequately protected without overpaying for coverage.

In Centennial, MoneyGeek found that the most affordable car insurance varies based on the specific infraction on your driving record. For those with a poor driving history seeking full coverage policies, These are the cheapest companies for drivers with a poor driving record:

• Speeding Ticket: American National P&C ($850 per year)
• At-Fault Accident: Colorado Farm Bureau ($935 per year)
• DUI: Colorado Farm Bureau ($974 per year)

The most expensive rate for drivers with a DUI is from Kemper at $3,910 per year. Acuity is the most expensive provider for drivers with a speeding ticket and an at-fault accident, with an annual cost of $3,085 for both infractions. The $124 cost difference between the cheapest option after a speeding ticket and a DUI shows how different violations can impact insurance costs differently.

In Centennial and other cities, insurance rates typically escalate with the severity of a driving offense due to the increased risk posed to insurers. A driver with a speeding ticket in Centennial could pay an average annual premium of $2,200, while a driver with a DUI might face a cost of about $2,841 per year. Drivers with offenses on their record should compare insurance quotes to secure potential savings.

MoneyGeek found that Kemper offers the cheapest car insurance for teens in Centennial, providing significant savings for families looking to insure young drivers.

• Kemper: $2091 per year for female teens and $1442 per year for male teens
• GEICO: $2169 per year for female teens and $2288 per year for male teens

These rates underscore the importance of comparing policies, illustrating that a family with a teen driver can benefit from an informed choice. Farmers is the most expensive provider in Centennial, charging an annual rate of $4,854 for female teen drivers and $5,174 for male teen drivers. These figures indicate how premiums can vary greatly among providers, highlighting why shopping around is necessary, especially considering the increased insurance risks associated with teen drivers.

In Centennial and other cities, teenage drivers face higher auto insurance costs when opting for individual policies. On average, a standalone teen policy costs $7,010 annually, while it costs $3,168 per year when added to a family plan. The disparity in rates is due to insurers factoring in the elevated risk associated with teenage drivers; a lack of driving experience results in a higher likelihood of accidents. Teens may also struggle to secure an individual policy because insurance providers consider their limited financial resources and unestablished credit history a high risk. A family plan is often the more viable and budget-friendly option for insuring teen drivers.

MoneyGeek found that American National P&C is the cheapest option in Centennial for those seeking the cheapest car insurance for military backgrounds.

• American National P&C: $726 per year
• Colorado Farm Bureau: $747 per year

Although not the absolute cheapest, USAA ranks third with an annual premium of $860 and is well-regarded for its tailored services for active-duty military members.

Comparing car insurance rates is key to unlocking savings. However, evaluating three or more companies can take over an hour.

MoneyGeek's car insurance calculator streamlines this process. By inputting factors like age, driving history, credit score and coverage preferences, you can promptly receive tailored rate estimates.

Choosing the best auto insurance for you depends on how much you value service, cost, coverage and other factors. MoneyGeek's tailored scoring system weighs these elements to recommend Centennial's top providers for distinct needs:

• Best overall: Acuity (MoneyGeek score 84 out of 100)
• Best for service: Acuity (MoneyGeek score 96 out of 100)
• Best cheap: Acuity (MoneyGeek score 85 out of 100)

Acuity excels in all three categories, standing out in Centennial as the best for overall value, unrivaled service and affordability. It caters to drivers who desire comprehensive, high-quality insurance without compromising on cost.

MoneyGeek found that Acuity offers the best option in Centennial if you seek the best car insurance. Here's how the top providers rank according to MoneyGeek’s comprehensive scoring system:

• Acuity: MoneyGeek score of 84 out of 100 ($1364 per year)
• American National P&C: MoneyGeek score of 78 out of 100 ($726 per year)

Acuity leads the market in Centennial for overall performance, with its satisfaction and claims scores indicating a seamless customer experience. Keep in mind that these ratings are for a full coverage policy, ensuring robust protection for discerning vehicle owners.

MoneyGeek found that Acuity is the best option in Centennial for car insurance based on customer service, without considering the cost.

• Acuity: MoneyGeek score of 96 out of 100 ($1,364 per year)
• American Family: MoneyGeek score of 76 out of 100 ($1,214 per year)

Acuity stands out due to its top-tier performance in customer satisfaction and claims handling, which are the largest contributors to its high MoneyGeek score. Acuity is a solid choice in the Centennial area if you are looking for an attentive and supportive insurance experience.

MoneyGeek found that Acuity is the best option in Centennial for consumers seeking affordable yet quality car insurance.

• Acuity: MoneyGeek score of 85 out of 100 ($616 per year)
• Auto-Owners: MoneyGeek score of 80 out of 100 ($450 per year)

Acuity stands out due to its remarkable claims and satisfaction rankings, which strongly influence its MoneyGeek score. This score reflects a minimum coverage policy tailored to balance cost without compromising the essentials of insurance quality.

In Centennial, the average cost of car insurance is $1,235 per year. This premium is marginally above the Colorado state average of $1,228 per year. However, both these figures are significantly below the national average of $1,720, indicating a difference of $492 when comparing the state and national averages.

Various factors affect car insurance rates, including driving history, car model and personal demographics. However, location remains a significant aspect due to its influence on factors such as accident rates, thefts and urban density. Denver has the highest annual premium at $1,400, demonstrating the impact of a bustling city environment on insurance costs. Fort Collins boasts the lowest rate at $1,052 per year, illustrating how less trafficked areas can contribute to more favorable insurance rates. In non-city regions with even lower traffic density, rates could be even more favorable.