Real Estate

How Colorado Living Can Save You Money

When people decide where they want to live, they often think about the big cities. New York City, Los Angeles, and Chicago are the three big ones, but there are many others that give you those same large metropolitan area vibes. Denver and the surrounding areas in Colorado give you some of those same opportunities.

Colorado has many other defining characteristics that make it a unique state to live in, one that can save you a lot of money in the long run. Cheap auto insurance in Colorado isn’t hard to find. There are many smaller areas without much traffic, and this leads to great car insurance discounts. 

Colorado was one of the forbearers when it comes to lax drug laws, with marijuana being legalized in the state before the rest of the country. This liberal approach to activities that are crimes in other states means that you won’t get fined and lose your job as you would in other areas. 

We’ll talk about all of these reasons to live in Colorado and several more that will prove it’s a worthy place to choose as your home. 

Car Insurance in Colorado

Car insurance in Colorado differs depending on where you live in the state. If you live in a big city like Denver, your rates will be higher. Large metropolitan areas have lots of traffic, making it hard to be a defensive driver. No matter how much you pay attention to the road, there’s always someone else that can mess it up and crash into you.

When you live in one of the smaller areas in the state, like Pueblo, the risks of having high traffic decrease tremendously. This automatically brings the insurance rates down because there are fewer people to cause accidents on the road. 

You can get even better rates if you show that you have a clean driving record. Combining many safe-driving factors for your insurance company is the best way to get the most discounts on your policy. 

Pueblo is one of the more rural cities in Colorado. They are known for their dry weather compared to the rest of the state. This means there is less rain and snow, making it easier to drive safely. Take advantage of the elements and become a safer driver on dry roads. 

This will help you build good habits for when there are storms and you need to survive and even thrive in the chaotic climate. If you decide to move to a city in Colorado with more precipitation, consider buying a vehicle that moves well in the snow. Four-wheel drive SUVs are one of the best choices. 

Lots of Fun in Nature

When you live in huge areas like Los Angeles and New York City, it can be more difficult to find cheap entertainment. Everything is so expensive in these areas, from the restaurants to the indoor fun like Broadway. Sometimes you just want to have a little enjoyment without spending all of your money for the week. 

Colorado mixes big cities with lots of natural environments and fun outdoor activities. We all know about the mountains in the state, and they live up to their reputation. If you don’t like the snow, wait until the spring and summer months to go outdoors. This gives you the chance to still take in the sights and sounds of Colorado without the rough conditions. 

There are so many things to do in and around Rocky Mountain National Park. You can go zip lining if you are feeling adventurous. River rafting and flower picking are also great, inexpensive fun in the Colorado sun. You can even go digging for gold with mining tours. 

Go with big groups of friends so that you can share the expenses on any tour guides or gas used for driving. Many of the trips through the mountains require vehicles to traverse safely, and we know how high the fuel prices are at the moment. 

There are an estimated 400 plus National Parks in Colorado. See which ones allow for the least amount of money spent on transportation. Choose one that is close to your home so that you don’t have to drive as far to get to the park. 

Real Estate in Colorado

The average price of homes in Colorado comes in at cheaper rates than a state like California, but more expensive than southern and Midwestern states. Colorado has a lot of rural areas though for such a large state. Try looking for homes in these smaller cities that will allow you to save a lot of money compared to the big metropolitan areas.

Pueblo, the city we talked about earlier for auto insurance, is one of the cheapest areas in Colorado to live in. The small population compared to the rest of the state gives it a real estate advantage. 

Think about how you can find alternative means of living instead of buying a house if it is still too expensive for you. Renting an apartment or rooming with other people will help ease some of the prices.

Small Crimes in Colorado 

Colorado is known for being one of the most relaxed states in the country when it comes to small crimes like drug offenses. We already talked about the famous marijuana legalization that happened nearly a decade ago, but there are other ways that drugs aren’t nearly as criminalized in the state.

Many other drugs like cocaine and fentanyl that would normally be classified as felonies if possessed by someone are misdemeanors in Colorado. This means less money lost to fines if you are in possession. 

This is not to encourage drug use. This is simply saying that Colorado is a more progressive state that understands that taking money from people doesn’t help them get over drug abuse. If you are someone who needs a fresh start away from it all, Colorado is the place to be. 

Hopefully, you can see that Colorado is one of the best places in the country to live. There is a great balance of big city fun and small-town intimacy. This leads to less expensive real estate and car insurance. You also have great opportunities to get outside and enjoy the beauty of nature. It’s a great combination that is hard to pass up. 

Shawn Laib writes and researches for the auto insurance site, He wants to educate people about how they can save money on car insurance in Colorado. 

Christopher Stern

Christopher Stern is a Washington-based reporter. Chris spent many years covering tech policy as a business reporter for renowned publications. He has extensive experience covering Congress, the Federal Communications Commission, and the Federal Trade Commissions. He is a graduate of Middlebury College. Email:[email protected]

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