Nationwide Raises Auto Rates for 30,000 Colorado Drivers

For most of the state of Colorado, the beginning of summer means beautiful weather, scenic hikes, and mountain biking. But some drivers are seeing their excitement dampened as Nationwide raises rates by 16% for over 30,000 customers.

Effective June 11, 2024, over 22,000 Nationwide Property & Casualty Insurance Company customers will see a rate increase of 16.7%. Meanwhile another 11,000 customers at Nationwide General Insurance Company will have their rates raised 16%. This change will result in an average policy cost increase of $501 and $518 for each subsidiary’s customers, respectively.

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According to 2019 data, Nationwide is the #10 insurance carrier in Colorado by market share. Customers looking to switch may want to consider top providers in the state, including State Farm, Progressive, or USAA. Check out our quoting tool to compare rates!

How to Lower Your Auto Insurance Premium in Colorado

Looking to switch to a more affordable auto insurance policy? Here are some tips for Colorado drivers to lower costs.

Get Multiple Quotes and Compare

To get a good deal on car insurance, the first thing you’ll want to do is check out different plans across carriers. Since prices can fluctuate from year to year, comparing options can save you a lot of money. You can even use online tools to find a plan that fits your needs in no time!

Be a Good Driver

Many insurance providers will offer special rates for safe drivers, since they’ll be less likely to incur costs. Good driver discounts typically require customers to be incident-free for a given number of years, depending on the carrier, and can range from 10-40% off.

Find Discounts and Bundles

When’s the last time you looked for auto insurance discounts? Odds are, there are plenty of programs you haven’t even heard of. Some popular examples include new car discounts for those driving new vehicles, defensive driver discounts for those who’ve taken a defensive driving course, or even good student discounts for those who meet a minimum GPA.

If you have multiple insurance policies, you can also often save money by bundling them. Look into combining your home and auto insurance, or putting multiple cars in your household under one policy.