Are you a high-risk driver in Colorado? Don’t worry you’re not alone! Finding car insurance might seem tough, but there are great options out there just for you.
In this article, we’ll break down what makes a driver “high-risk drivers” and show you how to get the best car insurance at a price that won’t break the bank. You’ll learn which companies offer coverage for high-risk drivers in Colorado, how much it might cost, and tips to save money. By the end, you’ll feel confident about finding the right policy, even if your driving record isn’t perfect.
What Makes You a “High-Risk” Driver?
Accidents: If you caused one or more car crashes, even small ones, you’re seen as risky.
DUI/DWAI: Driving after drinking alcohol or using drugs makes you very dangerous on the road.
Speeding tickets: Getting caught driving too fast, especially more than once, shows unsafe behavior.
Young drivers: People under 25 often have less experience, so they’re more likely to make mistakes.
Bad credit: Having a low credit score can make insurance companies think you’re not responsible.
Best Insurance Companies for High-Risk Drivers
Here are some top for High risk drivers companies to check out:
| Insurance Company | Best For | Average Monthly Cost |
| GEICO | DUIs or speeding tickets | $150 -$200 |
| State Farm | Teens or reckless driving | $160 – $220 |
| USAA | Military Families | $140 – $180 |
| Progressive | Accident forgiveness | $170 – $230 |
How Much Does High-Risk Car Insurance Cost?
Here’s a look at the average yearly costs in Colorado:
- With a clean record: Around $1,435 per year.
- High-risk drivers: About $2,020 or more per year.
- Cities like Denver/Aurora: Higher rates, up to $2,379 per year.
Your exact cost may depend on your driving history, age, and location, but knowing these averages can help you plan your budget!
How Long Will You Be Labeled “High-Risk Driver”?
How long you stay a high-risk driver depends on your situation:
- Accidents/tickets: Usually 3–7 years on your record.
- DUI: Can stay for up to 10 years or longer.
- Bad credit: You can lower your rates by improving your credit score over time.
Knowing how long you’ll be considered high-risk drivers can help you make smart choices and work towards lowering your premiums faster!
What is SR-22 Insurance?
SR-22 insurance isn’t actually a type of insurance, it’s a form your insurance company files with the state to prove you have the required coverage.
You might need an SR-22 if you’ve had a DUI, been caught driving without insurance, or committed other serious driving violations.
The filing fee is small, but the real cost comes from higher insurance rates, as insurers see drivers needing an SR-22 as riskier. Understanding this requirement can help you stay compliant and work towards getting back to standard insurance rates.
What Happens if You Drive Without Insurance?
Big problems:
- Fines: Hundreds of dollars.
- License suspended: Can’t drive legally.
- Higher rates: Insurers see you as riskier.
What if No Company Will Insure You?
Colorado’s “assigned risk” plan:
- Last-resort option: State program guarantees coverage.
- Costs more: Rates are very high.
Ways to Lower Your Insurance Costs
Tips to save money:
Drive safely
Avoid tickets and accidents for at least three years. A clean driving record helps lower your rates over time.
Raise deductibles
Choose a higher deductible to reduce your monthly payments. Just be sure you can afford the out-of-pocket cost if you need to file a claim.
Improve credit score
Pay bills on time and reduce debts. In most states, a better credit score means lower insurance premiums.
Ask for discounts
Bundle your home and auto insurance or take a defensive driving course. Many companies offer discounts that can save you hundreds each year.
Best Cars to Lower Insurance Costs
With Safer cars You may find cheaper insurance:
- Honda CR-V: Around $4,911/year for full coverage.
- Ford Escape: $4,921/year.
- Avoid fast or luxury cars: They cost more to insure.
Steps to Improve Your Driving Record
How to get back to lower rates:
- Take a defensive driving class: Shows insurers you’re serious.
- Avoid gaps in coverage: Always keep insurance active.
- Check your record: Fix errors (like wrong tickets).
Conclusion
Finding car insurance as a high risk drivers in Colorado might feel stressful, but with the right knowledge and steps, you can get affordable coverage. Compare different companies, take advantage of discounts, and work on improving your driving record. Over time, your rates will go down, and you’ll be back on track with a policy that fits your budget and needs!
