SOURCE: InsWeb Corporation

InsWeb Corporation

May 18, 2011 10:08 ET

InsWeb.com: Median Colorado Auto Insurance Rate Now $816 per Household

SACRAMENTO, CA--(Marketwire - May 18, 2011) - The median six-month Colorado auto insurance rate has increased approximately 5.2 percent over the last 12 months to reach $816 according to InsWeb (NASDAQ: INSW), a leading online insurance comparison provider.

InsWeb also reported median Colorado auto insurance rates segmented by specific demographic groups. These include:

Demographic GroupMedian Six-Month Rate
Men$859
Women$769
Age Group: 19 and younger$1,684
Age Group: 20 to 24$1,118
Age Group: 25 to 29$854
Age Group: 30 to 39$791
Age Group: 40 to 49$736
Age Group: 50 to 59$687
Age Group: 60 to 74$756
Age Group: 75 and older$898

Additional rate statistics:

  • A household that pays the Colorado median rate of $816 and earns the Colorado household median annual income of $47,508 pays approximately 3.4 percent of its gross income for car insurance. According to InsWeb's car insurance affordability index, Colorado is the 21st most affordable state in which to insure a vehicle. Currently, Massachusetts is the most affordable state with an affordability factor of 1.8 percent, while Louisiana is the most expensive with a factor of 7.2 percent.

  • Men in Colorado pay a median auto insurance rate that is nearly 12 percent higher than the rate paid by women.

  • Drivers in Colorado 19 years of age and younger pay a median auto insurance rate that is more than double the rates paid by every other age segment except those ages 20 to 24 and ages 75 and older.

Colorado drivers who want to learn more about saving on their auto insurance and compare insurance quotes from leading national providers can visit InsWeb.com.

About InsWeb

InsWeb Corporation (NASDAQ: INSW) owns and operates a network of leading insurance marketplace and education websites. Founded in 1995 and headquartered in Sacramento, California, InsWeb's primary properties include InsWeb.com, MedHealthInsurance.com, LocalInsuranceAgents.com, and AgentInsider.com. InsWeb has invented multiple e-commerce and online insurance distribution technologies and owns the following patents: 6,898,597; 7,107,325; 7,389,246; 7,640,176 and 7,707,505.

About InsWeb's Median Rate Data

To determine median auto insurance rates, InsWeb uses a proprietary system that tracks the rates of multiple insurance carriers in each state. Rates are based on actual customer profiles that can include multiple drivers, multiple vehicles and other variables.
For more information, please contact InsWeb.

Contact Information

  • Media Contact:
    Jonathon D. Tudor
    InsWeb Corporation
    (916) 853-3386
    Email Contact