Best insurance for teen drivers in Colorado

If you are a teen driver in Colorado looking for the best auto insurance, you might be wondering how to compare the different options available. There are many factors to consider, such as coverage, price, customer service, claims experience and discounts. In this paragraph, we will compare in detail the major auto insurance companies that have the best auto insurance for teen drivers in Colorado and the average annual cost of insurance for teens offered by the major auto insurance companies.

According to Bankrate, the best car insurance companies in Colorado for 2023 are Geico, State Farm, Progressive, American Family and Allstate. These companies offer average rates below the Colorado average, which is $2,121 for full coverage and $500 for minimum coverage. Here are the average annual premiums for full coverage policies for teen drivers from these companies:

- Geico: $2,020

- State Farm: $2,736

- Progressive: $3,072

- American Family: $3,456

- Allstate: $4,032

As you can see, Geico offers the lowest rate for teen drivers in Colorado, followed by State Farm. Progressive, American Family and Allstate are more expensive, but they may have other benefits that appeal to you.

Besides price, you should also consider the customer satisfaction ratings, claims experience ratings and coverage options of each company. According to MoneyGeek, American National P&C has the best customer satisfaction rating in Colorado with a score of 4.7 out of 5. Acuity has the best claims experience rating with a score of 2.3 out of 5. Kemper has the most coverage options, including rare ones like spare parts coverage and new car replacement coverage.

Another factor to consider is the discounts available for teen drivers. According to AAA Colorado, you can get a free teen membership and a 24% savings on your teen's auto insurance for completing the teenSMART program. According to Bankrate, you can also get discounts for good grades, driver education courses, low mileage and safety features.

Based on these factors, you can decide which company suits your needs and budget best. You can also compare quotes from different companies online or through an agent to find the best deal for you.