KUSA – Someone living in Five Points will pay more than $200 more per year for their car insurance than someone in Littleton, according to a study of car insurance rates from ValuePenguin.com.
The study got car insurance quotes for a 30-year old man with a good driving record who commutes in a Toyota Camry for multiple neighborhoods in the Denver area.
That man would pay $967 in Littleton versus $1,179 in Five Points the study found.
If you want to pay a lot in both rent and in car insurance, the study recommends living in LoDo, which had an average rate of $1,169.
FULL STUDY: Check out the full study here
Surprisingly, the Highlands was the second cheapest neighborhood involved in the study, which an average cost of $979. Golden, Belmar/Lakewood and South Broadway rounded out the top five cheapest places.
The third most expensive neighborhood for car insurance was East Colfax, with an average rate of $1,147. Uptown, Stapleton/Northfield and Capitol Hill/Congress Park were also considered some of the most expensive areas.
The site analyzed seven insurance companies in the Denver metro area. GEICO was the cheapest per year, and CO Farm Bureau was the most expensive – by a margin of more than $500.
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