Best cheap car insurance in Arvada for 2021

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The average cost of car insurance in Arvada, Colorado, is $582 a year for minimum coverage and $1,968 for full coverage. With close to 4 million licensed drivers in the state, and a death rate of 10 drivers per 100,000 Arvada drivers need all of the financial protection that comes with car insurance.

To determine the best car insurance in Arvada, we looked at discounts, coverage options, financial strength, online tools and customer satisfaction scores from third-party ratings services.

Best car insurance companies in Arvada

Based on average premium costs provided by Quadrant Information Services, third-party ratings from companies like J.D. Power (customer satisfaction) and AM Best (financial strength), coverage options and discounts, we concluded that the best companies operating in Arvada to be American Family, Geico, State Farm, USAA and Farmers.

Insurance company J.D. Power customer satisfaction score
(Southwest region)
Average annual premium for minimum coverage Average annual premium for full coverage
American Family 850/1,000 $789 $2,044
Geico 829/1,000 $327 $1,055
State Farm 847/1,000 $513 $1,681
USAA* 863/1,000 $335 $1,237
Farmers 802/1,000 $573 $1,938

*USAA is not officially ranked by J.D. Power due to eligibility restrictions.

American Family

J.D. Power considers American Family to be the best car insurance company in the Southwest region after evaluating customer satisfaction over the past year. American Family Insurance received a score of 850 for 2021, showing that customers generally feel that their needs are met with this provider. This is exactly what you want when looking for an insurance company. It is not the cheapest on our list, but it does offer multiple discounts to help you save.

Geico

Based on our research, Geico offers, on average, the cheapest premiums in Arvada. It does not even matter which state you are in, as Geico is one of the cheapest insurance providers on the market. Not only is it cheap, but it also has lots of discounts to help you save even more. Geico also offers add-on coverages to help you customize your policy to what you need.

State Farm

State Farm is one of the few companies that offers a telematics discount. Called Drive Safe and Safe, this program helps users save money on their monthly premium when they allow State Farm to analyze their driving habits. State Farm claims that you can save up to 30% off your premium. Other discounts, coverage options and the many in-person agents make State Farm an accessible choice.

USAA

If it were not for its military requirement for people to receive coverage, USAA would be number one on J.D. Power’s customer satisfaction list. There are a lot of reasons to like USAA— chief among them is that drivers who switch to USAA save an average of $725 a year on their car insurance bill. USAA also offers services tailored specifically for service members, including insurance and other financial services.

Farmers

Farmers offers its customers 22 ways to save on their car insurance premium, which is a lot compared to its competition. Farmers also has some of the most coverage options in the business. By last count, it offered 19 ways to protect your car, including such coverage options as new car replacement and loss of use.

Cheapest car insurance in Arvada

Compared to the average cost of car insurance in Colorado, Arvada is more or less the same. Based on our research, it is only about $48 cheaper than the state average of $2,016 for full coverage, coming in at $1,968 annually. Compared to the U.S. average, however, it is $294 more expensive. If you are looking to save money, we recommend the companies below for the cheapest car insurance in Colorado.

Insurance company Average annual premium for minimum coverage Average annual premium for full coverage
Geico $327 $1,055
USAA $335 $1,237
Auto-Owners $477 $1,742
State Farm $513 $1,681
Farmers $573 $1,938

The great thing about these cheap insurance companies in Arvada is that they are all reputable. Each company has received top marks from companies like J.D. Power and AM Best, and each offers a wide array of coverage options. If you are looking for a tech-savvy option, try State Farm or Geico. If it is discounts you are after, Farmers is a great choice along with State Farm and Geico once again.

Arvada insurance requirements

Colorado state law requires all drivers to have the minimum amounts in liability coverage:

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

Though state law only requires Arvada residents to have a 25/50/15 policy, drivers in this region should strongly consider purchasing collision and comprehensive coverage, too. Plan on leasing or financing, and you may even be required to have them anyway to finalize the sale.

Car insurance discounts in Arvada

  • Defensive driving course: Most insurance companies reward drivers with a discount for taking a defensive driving course.
  • Good Student: If you are yourself or have a student on your policy who is under 25 and pulling in good grades, you may receive a discount with many carriers.
  • Multi policy: Purchase more than car insurance from your insurance company and you could end up getting a ‘multi-policy’ or ‘bundling’ discount.
  • Telematics: A telematics discount is where you install an app on your smartphone that analyzes your driving habits. If you routinely follow all driving laws the app will recognize that you are a safe driver and could reward you with a discount.
  • Anti-theft: Theft is a big reason behind many claims, and an anti-theft system thwarts many thieves. Have one and you will get a discount with many companies.

Though there are a lot of discounts drivers can receive in Arvada, most drivers save the most via bundling. All of the savings may not go specifically to car insurance, but your total insurance savings will be quite significant.

Frequently asked questions

What is the best car insurance company?

The best car insurance company depends on what your needs are. Narrow down your list of options and get quotes to determine which is best for you.

How much does car insurance in Arvada cost?

The average annual cost of car insurance in Arvada is $1,968 for full coverage. This is on par with the state average, which is $2,016. Both are more than the national average, which is currently $1,674.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our sample drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should be used for comparative purposes only. Your quotes may be different.

Written by
Lauren Ward
Insurance Contributor
Lauren Ward has nearly 10 years of experience in writing for insurance domains such as Bankrate, The Simple Dollar, and Reviews.com. She covers auto, homeowners, and life insurance, as well other topics in the personal finance industry.
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