Key Takeaways
- According to our research, Geico, Southern Farm Bureau, USAA, Auto-Owners and American National are the best cheap car insurance companies for most Colorado drivers.
- The average cost of full-coverage car insurance in Colorado is $3,010 per year or $251 per month, which is about 12% above the national average of $2,681 per year or $223 per month.
- Minimum coverage in Colorado costs $750 per year on average, about 14% cheaper than the national average of $869 per year.
We at the MarketWatch Guides team conducted an industry-wide review to find the best car insurance companies in the nation. In this article, we’ll introduce our top picks for the cheapest car insurance in Colorado and discuss how much you can expect to pay for coverage.
Our research team used the most recent available cost and rate data from Quadrant Information Services in order to highlight estimates from top providers in different categories. You’ll find estimates for different driver profiles and key information about Colorado insurance laws and regulations. You’ll also learn how you can pay less for your car insurance.
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Who Offers the Cheapest Car Insurance Rates in Colorado?
According to our rate data, American National Insurance offers the cheapest full-coverage car insurance and minimum liability coverage in Colorado. A full-coverage auto policy from American National costs $1,508 per year in Colorado, while you can get minimum coverage for about $278 per year. Geico and USAA also offer affordable auto insurance in the Centennial State.
Cheapest Car Insurance Rates In Colorado
Car insurance rates vary due to several factors, like your age, driving history and credit score. So, the cheapest rates for you will vary depending on your situation. Below we’ve listed the lowest rates for each category of coverage and driver profile we researched.
| Cheapest Car in Colorado (by category) | Company | Average Monthly Premium |
|---|---|---|
| Minimum Liability Coverage | American National | $23 |
| Full Coverage | American National | $126 |
| Young Drivers (16-Year-Olds) | Southern Farm Bureau | $353** |
| Seniors | American National | $105** |
| After a Speeding Ticket | American National | $142** |
| After an Accident | American National | $162** |
| After a DUI | American National | $168** |
| Bad Credit | Geico | $225** |
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More: Cheapest Car Insurance
Cheapest Car Insurance Companies in Colorado
In our research, we found that the five cheapest car insurance companies in Colorado are:
- Geico
- Southern Farm Bureau
- USAA
- Auto-Owners Insurance
- American National
You can click on any of the providers above to learn more or find out more about the state’s cheapest car insurance companies by large and medium-sized providers below.
Cheapest Large Insurance Companies in Colorado
According to J.D. Power, large insurers are ones that have written $4.5 billion or more in direct premiums in 2023 for personal auto. Among the large car insurance companies, Geico, USAA and State Farm are the cheapest. You’ll find the lowest rates on average from these providers in the Centennial State.
| Cheapest Large Car Insurance Company in Colorado | Minimum Coverage (Annual) | Full Coverage (Annual) | # of Discounts | Cost Rating (Entire U.S.)* | Learn More |
|---|---|---|---|---|---|
GeicoLearn More | $442 | $1,793 | 16 | 9.5 | Learn More |
USAALearn More | $401 | $1,828 | 13 | 9.8 | Learn More |
State FarmLearn More | $813 | $3,231 | 16 | 8.8 | Learn More |
| Cheapest Large Car Insurance Company in Colorado | Minimum Coverage (Annual) | Full Coverage (Annual) | # of Discounts | Cost Rating (Entire U.S.)* | Learn More |
|---|---|---|---|---|---|
GeicoLearn More | $442 | $1,793 | 16 | 9.5 | Learn More |
USAALearn More | $401 | $1,828 | 13 | 9.8 | Learn More |
State FarmLearn More | $813 | $3,231 | 16 | 8.8 | Learn More |
Read more: Largest Car Insurance Companies
Cheapest Midsize Insurance Companies in Colorado
J.D. Power defines midsize insurers as those that have written between $1 and $4.499 billion in direct premiums for personal auto. For midsize car insurance companies in Colorado, we found that Southern Farm Bureau, Auto-Owners Insurance and American Family Insurance provide the cheapest rates. You can compare their average premiums and cost ratings for each company below.
| Cheapest Midsize Insurance Company in Colorado | Minimum Coverage (Annual) | Full Coverage (Annual) | # of Discounts | Cost Rating (U.S.) | Learn More |
|---|---|---|---|---|---|
| $343 | $1,945 | 11 | 9.2 | ||
Auto-OwnersLearn More | $726 | $2,322 | 12 | 9.0 | Learn More |
American Family Insurance Learn More | $963 | $2,511 | 16 | 9.3 | Learn More |
| Cheapest Midsize Insurance Company in Colorado | Minimum Coverage (Annual) | Full Coverage (Annual) | # of Discounts | Cost Rating (U.S.) | Learn More |
|---|---|---|---|---|---|
| $343 | $1,945 | 11 | 9.2 | ||
Auto-OwnersLearn More | $726 | $2,322 | 12 | 9.0 | Learn More |
American Family Insurance Learn More | $963 | $2,511 | 16 | 9.3 | Learn More |
Cheapest Car Insurance Coverage in Colorado
Coverage level has a major impact on how much you will pay for car insurance. Many quotes from providers include estimates for minimum-liability and full-coverage car insurance. Below are the cheapest auto insurance options in Colorado for both coverage types that we found.
Cheapest Liability Car Insurance in Colorado
The cheapest liability car insurance our team could find for Colorado drivers was $278 per year or $23 per month from American National. The average cost of liability auto insurance in Colorado is $750 per year or $63 per month.
| Company | Average Monthly Rate Estimate | Average Annual Rate Estimate |
|---|---|---|
| American National Insurance | $23 | $278 |
| Southern Farm Bureau | $29 | $343 |
| USAA* | $33 | $401 |
| Geico | $37 | $442 |
| California Casualty | $40 | $475 |
| *USAA auto insurance is only available to military members, veterans and their families. | ||
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Read more: Cheapest Liability-Only Auto Insurance
Cheapest Full-Coverage Car Insurance in Colorado
American National also offers the cheapest full-coverage car insurance policy on average in Colorado, costing $1,508 per year or $126 per month. The average cost of full-coverage car insurance in Colorado is $3,010 per year or $251 per month.
| Company | Average Monthly Rate Estimate | Average Annual Rate Estimate |
|---|---|---|
| American National Insurance | $126 | $1,508 |
| Geico | $149 | $1,793 |
| USAA* | $152 | $1,828 |
| Southern Farm Bureau | $162 | $1,945 |
| Auto-Owners Insurance | $193 | $2,322 |
| *USAA auto insurance is only available to military members, veterans and their families. **These rates are based on an unmarried 35-year-old driver with good credit and a clean driving history. Your rates will vary depending on a number of factors. | ||
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Read more: Cheapest Full-Coverage Car Insurance
Cheapest Car Insurance for Young Drivers in Colorado
Because they have less driving experience, young drivers often pay much more for car insurance than adults, according to our rate data. The series of tables below show the cheapest full-coverage car insurance for young drivers aged 16 through 25 in Colorado along with estimated monthly and annual costs.
Cheapest Colorado Car Insurance for 16-Year-Olds
Our research found that the Southern Farm Bureau offers the cheapest rates on average for 16-year-old drivers in the state at $353 per month on average.
| Company | Average Monthly Rate Estimate | Average Annual Rate Estimate |
|---|---|---|
| Southern Farm Bureau | $353 | $4,237 |
| Auto-Owners Insurance | $452 | $5,426 |
| Geico | $496 | $5,947 |
| State Farm | $656 | $7,871 |
| Allstate | $767 | $9,208 |
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Cheapest Colorado Car Insurance for 17-Year-Olds
On average, American National offers the cheapest car insurance for 17-year-old drivers in Colorado at $2,701 per year or $225 per month.
| Company | Average Monthly Rate Estimate | Average Annual Rate Estimate |
|---|---|---|
| American National Insurance | $225 | $2,701 |
| Southern Farm Bureau | $283 | $3,391 |
| USAA* | $413 | $4,955 |
| Geico | $444 | $5,325 |
| Auto-Owners Insurance | $449 | $5,393 |
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Cheapest Colorado Car Insurance for 18-Year-Olds
Based on our research, 18-year-old Colorado drivers can find cheap auto insurance through American National for $2,582 per year or $215 per month.
| Company | Average Monthly Rate Estimate | Average Annual Rate Estimate |
|---|---|---|
| American National Insurance | $215 | $2,582 |
| Southern Farm Bureau | $266 | $3,190 |
| USAA* | $372 | $4,469 |
| Geico | $386 | $4,628 |
| Auto-Owners Insurance | $414 | $4,962 |
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Cheapest Colorado Car Insurance for 21-Year-Olds
American National offers the cheapest full-coverage car insurance rates on average for 21-year-old drivers in Colorado at $2,180 per year or $182 per month.
| Company | Average Monthly Rate Estimate | Average Annual Rate Estimate |
|---|---|---|
| American National Insurance | $182 | $2,180 |
| Geico | $206 | $2,467 |
| USAA* | $226 | $2,715 |
| Southern Farm Bureau | $228 | $2,736 |
| Auto-Owners Insurance | $358 | $4,297 |
Cheapest Colorado Car Insurance for 25-Year-Olds
On average, American National provides the cheapest full-coverage car insurance for 25-year-old drivers in Colorado at $1,584 per year or $132 per month.
| Company | Average Monthly Rate Estimate | Average Annual Rate Estimate |
|---|---|---|
| American National Insurance | $132 | $1,584 |
| Geico | $160 | $1,921 |
| USAA* | $178 | $2,135 |
| Southern Farm Bureau | $199 | $2,383 |
| California Casualty | $262 | $3,146 |
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Cheapest Car Insurance in Colorado for Seniors
On average, American National provides the cheapest full-coverage car insurance for senior drivers in Colorado. The sections below will break down costs for auto insurance in the state for 65 and 75-year-old drivers.
Read More: Cheapest Car Insurance for Seniors
Cheapest Car Insurance in Colorado for 65-Year-Olds
Of the Colorado’s car insurance providers, we found that American National offers the cheapest rates for drivers in their mid-60s, averaging $1,156 per year or $96 per month.
| Company | Average Monthly Rate Estimate | Average Annual Rate Estimate |
|---|---|---|
| American National Insurance | $96 | $1,156 |
| USAA* | $138 | $1,654 |
| Geico | $151 | $1,814 |
| Southern Farm Bureau | $159 | $1,908 |
| Auto-Owners Insurance | $186 | $2,227 |
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Cheapest Car Insurance in Colorado for 75-Year-Olds
Colorado drivers aged 75 can generally find the cheapest car insurance premiums through American National, with average costs of $1,378 per year or $115 per month.
| Company | Average Monthly Rate Estimate | Average Annual Rate Estimate |
|---|---|---|
| American National Insurance | $115 | $1,378 |
| Geico | $152 | $1,820 |
| USAA* | $162 | $1,949 |
| Southern Farm Bureau | $198 | $2,377 |
| Auto-Owners Insurance | $241 | $2,892 |
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Cheapest Car Insurance in Colorado for High-Risk Drivers
On average, American National provides the cheapest overall car insurance rates for Coloradoans with bad driving records, according to our research. Geico generally offers the cheapest rates for drivers with poor credit. The sections below provide monthly and annual average full-coverage rates for drivers who fall into one of these categories.
Read more: Best Cheap Car Insurance for High-Risk Drivers
Cheapest Colorado Car Insurance for Drivers With a Speeding Ticket
Getting a speeding ticket can cause your rates to go up. However, you can still find affordable rates with American National, averaging $1,702 per year or $142 per month for a full-coverage policy.
| Company | Average Monthly Rate Estimate | Average Annual Rate Estimate |
|---|---|---|
| American National Insurance | $142 | $1,702 |
| Southern Farm Bureau | $183 | $2,201 |
| USAA* | $190 | $2,284 |
| Auto-Owners Insurance | $218 | $2,622 |
| Geico | $220 | $2,640 |
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Cheapest Colorado Car Insurance for Drivers With a Recent Accident
If you’re found at-fault for a car accident, you may see higher rates for your auto premiums. Colorado drivers with an accident on their record can get the cheapest full coverage through American National, at average rates of $1,946 per year or $162 per month.
| Company | Average Monthly Rate Estimate | Average Annual Rate Estimate |
|---|---|---|
| American National Insurance | $162 | $1,946 |
| Southern Farm Bureau | $197 | $2,368 |
| USAA* | $220 | $2,638 |
| Geico | $292 | $3,509 |
| State Farm | $307 | $3,686 |
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Cheapest Colorado Car Insurance for Drivers With a DUI
If you have a DUI on your record, you’ll likely face much higher premiums. American National offers coverage at average rates of $2,016 per year or $168 per month, which is about 54% less than the state average for drivers with a DUI.
| Company | Average Monthly Rate Estimate | Average Annual Rate Estimate |
|---|---|---|
| American National Insurance | $168 | $2,016 |
| Southern Farm Bureau | $191 | $2,287 |
| State Farm | $287 | $3,449 |
| Geico | $293 | $3,516 |
| USAA* | $308 | $3,694 |
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Cheapest Colorado Car Insurance for Drivers With Poor Credit
Insurers typically charge people with poor credit scores much higher rates on average than those with good scores. Geico offers an average rate for Colorado drivers with poor credit that is 57% less than the state average of $6,255 per year.
| Company | Average Monthly Rate Estimate | Average Annual Rate Estimate |
|---|---|---|
| Geico | $225 | $2,699 |
| USAA* | $308 | $3,702 |
| Southern Farm Bureau | $324 | $3,887 |
| Acuity Insurance | $468 | $5,612 |
| California Casualty | $476 | $5,707 |
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How To Get Cheap Car Insurance in Colorado
As with any state, the best way to get cheap car insurance in Colorado is comparing rates from multiple providers and looking for deals in your area. We recommend speaking with an insurance agent to learn more about how to save on auto insurance in the state.
Cheap Car Insurance Quotes Colorado
When getting a car insurance quote from a provider, companies use a variety of factors to determine your rates.
The most significant factors that insurers use to determine car insurance costs in Colorado include:
- Your age
- Your location
- The gender listed on your driver’s license
- Your driving history
- Your credit score
- Your marital status
- The make, model, year and mileage of your vehicle
- The deductible you choose
Read more: Compare Car Insurance
Cheap Auto Insurance Quotes in Colorado by ZIP
Below, you can get personalized cheap auto insurance quotes for your location in Colorado.
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Car Insurance Discounts in Colorado
The table below compares car insurance deals and discounts by top providers in the Centennial State, which we’ll discuss in further detail below.
| Colorado Car Insurance Discounts | Geico | Southern Farm Bureau | USAA | Auto-Owners |
|---|---|---|---|---|
| Multi-policy | ✓ | ✓ | ✓ | ✓ |
| Multi-vehicle | ✓ | ✓ | ✓ | |
| Safe driver | ✓ | ✓ | ||
| Student | ✓ | ✓ | ✓ | ✓ |
| Defensive driving | ✓ | ✓ | ✓ | |
| Driver training | ✓ | ✓ | ✓ | |
| New vehicle | ✓ | ✓ | ||
| Car safety equipment | ✓ | ✓ | ✓ | |
| Loyalty | ✓ | ✓ | ✓ | |
| Military | ✓ |
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Here are more details about the standard auto insurance discounts:
- Multi-policy: Bundle two or more insurance policies with the same company, such as home and auto insurance
- Multi-vehicle: Insure multiple cars under the same policy or combine auto insurance policies
- Military: Applies whether you’re an active military member or veteran
- Senior: Typically applies to policyholders who are 55 and older
- Homeowners: If you own a home, you may qualify for this discount
- Good student: For college and high school students under 25 who maintain a B average in their courses
- Good driver: Applies to drivers with a clean driving record (no at-fault accidents, DUIs or speeding tickets in the last three years)
- Defensive driving: Those who take a defensive driving course tend to qualify for this discount
- Driver training: Get a discount by taking a driver education training course
- New car: Given to drivers who purchase a new car, typically three model years or newer
- Safe car: Applies if your vehicle has safety features like anti-theft technology
- Paperless: Receive a discount by opting to receive your documents through email
- Pay-in-full: Save on your car insurance premium by paying your policy in full up front
Best Cheap Car Insurance in Colorado
The cheapest car insurance companies in Colorado include Geico, Southern Farm Bureau, USAA, State Farm and American National, according to our research. Below, we go into further detail on each company’s offerings, reputation, customer ratings and history.
#1 Geico
9.3/10
Geico Overview
| Cheapest Minimum | Cheapest Full | Best for | Number of Discounts |
|---|---|---|---|
| $37 per month | $149 per month | • Full-coverage drivers • Seniors • Young drivers • Drivers with poor credit | 16 |
*Above rates are average company estimates for Colorado drivers.
Geico has a wide range of discounts and earned ratings that were at or above 9 out of 10 points for all our research categories in our nationwide review of the best car insurance companies. These categories included reputation, availability, coverage, cost and customer experience.
Geico Insurance Cost and Coverage in Colorado
Geico’s full-coverage auto insurance costs an average of $1,793 per year or $149 per month in Colorado. This is around 40% cheaper than the state average of $3,010.
Along with standard car insurance coverage, Geico offers several add-on options, including emergency road service, rental car reimbursem*nt and mechanical breakdown insurance (MBI).
Top Geico Car Insurance Discounts in Colorado
We’ve highlighted the top discounts available with Geico below for the state of Colorado:
- Multiple vehicle: If you insure multiple vehicles with Geico, you can lower your premium up to 25%.
- Colorado defensive driving discount: In Colorado, you can save on your policy if you take a state course.
- Colorado drivers education course: You can get a discount up to 10% if you complete a driver’s education course.
- Military: If you are in the military, you can save up to 15% on your premium.
- Geico DriveEasy: You can save just by enrolling in the program and practicing safe driving habits.
Keep reading: Geico Insurance Review
#2 Southern Farm Bureau
8.7/10
Southern Farm Bureau Overview
| Cheapest Minimum | Cheapest Full | Best for | Number of Discounts |
|---|---|---|---|
| $29 per month | $162 per month | Some young drivers and liability car insurance policies | 11 |
*Above rates are average company estimates for Colorado drivers.
In business since 1947, Southern Farm Bureau offers auto insurance to drivers in just six states, including Colorado. Despite its limited state availability, it offers some of the best and cheapest insurance rates in the Centennial State, we found.
Southern Farm Bureau Cost and Coverage in Colorado
The average overall cost of a full-coverage policy from Southern Farm Bureau is $1,945 per year or $162 per month, which is about 35% cheaper than the Colorado state average.
You’ll find the standard types of insurance with Southern Farm Bureau in addition to:
- Classic car insurance
- Motorcycle insurance
- Motor home insurance
- RV insurance
- Commercial auto insurance
Top Southern Farm Bureau Discounts in Colorado
The company offers these discounts in Colorado:
- Colorado Multi-policy discount: You can save if you purchase multi policies through Southern Farm Bureau, such as a life, farm or ranch or business insurance.
- Colorado defensive driving discount: Save on your car insurance policy by taking a defensive driving course.
- Colorado good student discount: Receive a discount on your premium if you are a full-time student maintaining a solid B average or higher.
- Driver’s education discount: If you take a driver’s ed course, you can get a discount on your premium.
- Customer loyalty discount: Get a discount on your policy if you have been a loyal customer with Southern Farm Bureau.
#3 USAA
9.3/10
USAA Overview
| Cheapest Minimum | Cheapest Full | Best for | Number of Discounts |
| $33 per month | $152 per month | Veterans and active military members | 13 |
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*Above rates are average company estimates for Colorado drivers.
USAA generally offers cheap car insurance in Colorado for good drivers and drivers with a speeding ticket. However, the company’s insurance policies are only available for military members, veterans and their families.
USAA Cost and Coverage in Colorado
On average, USAA costs $1,828 per year or $152 per month for a full-coverage policy. This makes it around 39% cheaper than the state average.
In addition to affordable coverage and a wide range of discounts, USAA offers helpful add-ons such as accident forgiveness and car replacement assistance.
Top USAA Insurance Discounts in Colorado
The list below provides a look at some of the best USAA insurance discounts in Colorado. These include:
- Clean driving record discount: If you have a clean driving record, you may qualify for a discount on your USAA car insurance policy.
- Student driver discount: Those in college or high school with a solid grade point average (GPA) may get a discount on their premium.
- Colorado USAA SafePilot: If you drive safely, you can save up to 30% through the USAA SafePilot driving program.
- Multi-policy discount: You can get a discount if you bundle more than one policy with USAA, such as home and auto.
- Vehicle storage discount: If you’re deployed or storing your insured car for any reason, you can get up to 60% off your insurance premium.
Keep reading: USAA Insurance Review
Compare: USAA vs. Geico
#4 Auto-Owners Insurance
8.8/10
Auto-Owners Insurance Overview
| Cheapest Minimum | Cheapest Full | Best for | Number of Discounts |
| $60 per month | $193 per month | High-risk drivers and young drivers | 12 |
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*Above rates are average company estimates for Colorado drivers.
Auto-Owners Insurance provides affordable auto coverage for a wide range of Colorado drivers. This includes some of the cheapest rates for both the youngest and oldest motorists. Auto-Owners also features low coverage rates for Colorado drivers with a speeding ticket.
Auto-Owners Insurance Cost and Coverage in Colorado
Auto-Owners offers full-coverage car insurance at average rates of $2,322 per year or $193 per month. This is about 23% cheaper than the state average. The insurer has all standard types of car insurance with add-ons including roadside assistance, diminished value coverage and rental car gap insurance.
Top Auto-Owners Insurance Discounts in Colorado
Here’s a look at the best Colorado auto insurance discounts offered by Auto-Owners:
- Green discount: All you have to do to receive this discount from Auto-Owners is sign up for paperless billing.
- Payment history discount: Paying your premium on time for the past 36 months can unlock savings with Auto-Owners.
- Good student discount: Full-time students who maintain at least a B average can save up to 20%.
Keep reading: Auto-Owners Insurance Review
#5 American National Insurance
8.1/10
American National Overview
| Cheapest Minimum | Cheapest Full | Best for | Number of Discounts |
| $23 per month | $126 per month | All driver profiles | 5 |
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*Above rates are average company estimates for Colorado drivers.
American National features consistently affordable car insurance for all driver profiles in Colorado. The company doesn’t offer as many add-on coverages or discounts as the other insurers on this list.
American National Insurance Cost and Coverage in Colorado
American National offers full-coverage car insurance at average rates of $1,508 per year or $126 per month, which is about half as much as the Colorado average cost.
You’ll find all the standard types of auto coverage with American National, as well as optional roadside assistance, gap insurance and Added Coverage Endorsem*nt that covers replacement parts.
Top American National Insurance Discounts in Colorado
Here’s a look at the best discounts American National offers to Colorado drivers:
- Association discount: Members of certain organizations and clubs receive discounted rates with American National.
- Fresh start discount: Applying for a new American National policy before your current policy expires unlocks this discount.
- Three-line discount: Bundling auto, home and life insurance with American National leads to discounted premiums.
Average Car Insurance Cost in Colorado
Colorado drivers pay higher average car insurance premiums than those in other states. Our research found that the average cost of full-coverage auto insurance in the Centennial State is $3,010 per year or $251 per month. This is about 12% more expensive than the national average rates of $2,681 per year or $223 per month.
Read more: Average Car Insurance Cost
Colorado Car Insurance Cost by Age
Below you can compare average rates for drivers from 16 to 75 in the state:
| Age | Average Monthly Rate Estimate | Average Annual Rate Estimate |
|---|---|---|
| 16 | $518 | $6,211 |
| 17 | $442 | $5,300 |
| 18 | $396 | $4,748 |
| 19 | $465 | $5,577 |
| 21 | $358 | $4,302 |
| 25 | $267 | $3,203 |
| 35 | $251 | $3,010 |
| 45 | $229 | $2,752 |
| 55 | $211 | $2,536 |
| 65 | $216 | $2,589 |
| 75 | $257 | $3,087 |
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Colorado Auto Insurance Costs by City
Colorado insurance rates vary by city to account for different risk factors. Typically, drivers in urban areas pay higher rates than those in rural areas. This table shows the average rate estimates, according to our research, for several Colorado cities based on the profile of an unmarried 35-year-old driver with good credit and a clean driving record.
| City in Colorado | Estimated Monthly Cost | Estimated Annual Cost |
|---|---|---|
| Arvada | $236 | $2,834 |
| Aurora | $270 | $3,248 |
| Brighton | $240 | $2,880 |
| Broomfield | $223 | $2,681 |
| Centennial | $237 | $2,851 |
| Colorado Springs | $266 | $3,203 |
| Denver | $281 | $3,378 |
| Fort Collins | $213 | $2,557 |
| Fountain | $262 | $3,151 |
| Greeley | $226 | $2,717 |
| Highlands Ranch | $239 | $2,869 |
| Lafayette | $216 | $2,592 |
| Lakewood | $263 | $3,161 |
| Littleton | $238 | $2,861 |
| Longmont | $215 | $2,585 |
| Pueblo West | $257 | $3,085 |
| Thornton | $249 | $2,990 |
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Colorado Car Insurance Rates vs. Other States
It’s typically more expensive to get car insurance in Colorado than in many other states. Below you can compare average rates for Colorado vs. other states.
| State | Monthly Full-Coverage Average | Annual Full-Coverage Average |
|---|---|---|
| Alabama | $171 | $2,048 |
| Alaska | $176 | $2,116 |
| Arizona | $261 | $3,127 |
| Arkansas | $200 | $2,398 |
| California | $253 | $3,040 |
| Colorado | $251 | $3,010 |
| Connecticut | $225 | $2,699 |
| Delaware | $280 | $3,364 |
| Florida | $316 | $3,795 |
| Georgia | $242 | $2,907 |
| Hawaii | $132 | $1,581 |
| Idaho | $132 | $1,588 |
| Illinois | $254 | $3,054 |
| Indiana | $162 | $1,949 |
| Iowa | $166 | $1,994 |
| Kansas | $202 | $2,421 |
| Kentucky | $212 | $2,545 |
| Louisiana | $363 | $4,357 |
| Maine | $122 | $1,460 |
| Maryland | $245 | $2,943 |
| Massachusetts | $218 | $2,620 |
| Michigan | $339 | $4,067 |
| Minnesota | $205 | $2,463 |
| Mississippi | $178 | $2,140 |
| Missouri | $218 | $2,613 |
| Montana | $197 | $2,368 |
| Nebraska | $188 | $2,252 |
| Nevada | $322 | $3,870 |
| New Hampshire | $147 | $1,766 |
| New Jersey | $253 | $3,034 |
| New Mexico | $195 | $2,335 |
| New York | $343 | $4,112 |
| North Carolina | $189 | $2,271 |
| North Dakota | $169 | $2,029 |
| Ohio | $138 | $1,660 |
| Oklahoma | $271 | $3,256 |
| Oregon | $201 | $2,408 |
| Pennsylvania | $326 | $3,909 |
| Rhode Island | $243 | $2,921 |
| South Carolina | $210 | $2,519 |
| South Dakota | $216 | $2,590 |
| Tennessee | $186 | $2,237 |
| Texas | $263 | $3,156 |
| Utah | $204 | $2,451 |
| Vermont | $128 | $1,539 |
| Virginia | $173 | $2,070 |
| Washington | $176 | $2,110 |
| Washington, D.C. | $220 | $2,636 |
| West Virginia | $192 | $2,308 |
| Wisconsin | $167 | $2,003 |
| Wyoming | $149 | $1,794 |
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Colorado Car Insurance Requirements
Colorado law requires drivers to carry liability car insurance. This insurance covers other drivers and their passengers and other vehicles in accidents that you cause. Colorado drivers need to purchase the following state minimum required coverage and coverage limits:
- Bodily injury liability: $25,000 per person and $50,000 per accident
- Property damage liability: $15,000 per accident
Minimum Personal Colorado Auto Insurance Requirements
When you shop for car insurance in Colorado, you’ll see these limits written as 25/50/15. These policies, which only fulfill the minimum requirements, are typically the cheapest auto insurance policies. However, they do not cover you or your vehicle in an accident. If you’re looking for more complete insurance coverage, we recommend looking into a full-coverage policy, which can cover:
- Collision coverage
- Comprehensive coverage
- Medical payments (MedPay)
- Uninsured motorist/underinsured motorist coverage (UM/UIM)
Colorado Commercial Auto Insurance Requirements
If you own a business, you are required to have commercial auto insurance coverage that depends on the weight of the vehicle and its use:
- 1 to 8 people: $500,000 CSL*
- 9 to 15 people: $1.5 million CSL
- 16 to 32 people: $3 million CSL
- 33 or more people: $5 million CSL
For home or vehicle movers, requirements are:
- Less than 10,000 pounds: $300,000 CSL
- 10,000 pounds or more: $750,000 CSL
- Towing carriers: $750,000 CSL
*Combined single limit policy, which has a maximum dollar amount that covers any combination of injuries or property damage in an incident.
Is It Illegal To Drive Without Car Insurance in Colorado?
Driving without adequate car insurance in Colorado is considered a Class 1 misdemeanor offense. If you are caught, you could face at least $500 and up to $1,000 in fines, up to 40 hours of community service and up to one year in jail. These penalties increase if you get caught again.
Being caught driving without car insurance in Colorado can also earn you four points on your license. Your driver’s license may also be suspended. If that’s the case, you may need to file an SR-22 certificate.
How To Get Car Insurance in Colorado
We recommend drivers reach out to Geico, State Farm, Auto-Owners Insurance and American National for car insurance quotes. USAA is also a smart choice for military members, veterans and their families, as it generally offers some of the lowest car insurance rates in the state for those who qualify.
Whether you’re shopping around or need car insurance coverage, the best thing you can do is reach out to companies to compare car insurance quotes. Each provider weighs factors differently, so you’ll likely find varying rates depending on the company.
Cheap Car Insurance in Colorado: The Bottom Line
In this article, we reviewed the auto insurance companies with some of the cheapest coverage and rates in the state of Colorado. We also looked at the average cost of car insurance and coverage requirements in the Centennial State. While we’ve found that Geico is the best cheap car insurance company in Colorado, we encourage you to gather quotes from multiple providers on our top-rated list to find the best price for your car.
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Cheapest Car Insurance in Colorado: FAQ
Below are some frequently asked questions about cheap car insurance in Colorado:
According to cost data from Quadrant Information Services, Colorado drivers pay an average of $3,010 per year or $251 per month for full-coverage car insurance. This is about 12% more than the national average of $2,681 per year or $223 per month. Minimum liability coverage in Colorado ($750 per year on average) is about 14% cheaper than the national average.
Liability-only car insurance is the minimum coverage required by most states, which is why it’s typically the cheapest type of car insurance overall. Most liability-only policies include bodily injury liability and property damage liability, which pay for damages and injuries to other drivers and their passengers in an accident. With this coverage, neither you nor your vehicle are covered.
Our research shows that the average cost of full-coverage car insurance in Colorado is $3,010 per year. However, your car insurance quote will depend on your driving record, credit history, vehicle and more.
Colorado full-coverage car insurance rates are about 12% higher than the national average. However, depending on the city you live in, rates in Colorado can be higher in more densely populated areas with more drivers and accidents.
To register your vehicle in Colorado, you’ll need your title, identification information, proof of Colorado Vehicle Emissions and proof of insurance. If your car was titled in another state, you must complete a vehicle identification number (VIN) verification.
Colorado drivers are required to complete an emissions inspection each time a vehicle changes ownership. In some cases, you may be required to complete an emissions test for your registration renewal card. Also, if your vehicle is six model years old or older, you must receive an emissions test once every year to every five years.
Our Methodology
Because consumers rely on us to provide objective and accurate information, we created a comprehensive rating system to formulate our rankings of the best car insurance companies. We collected data on dozens of auto insurance providers to grade the companies on a wide range of ranking factors. The end result was an overall rating for each provider, with the insurers that scored the most points topping the list.
Here are the factors our ratings take into account:
- Coverage (30% of total score): Companies that offer a variety of choices for insurance coverage are more likely to meet consumer needs.
- Cost and Discounts (25% of total score): Auto insurance rate estimates generated by Quadrant Information Services and discount opportunities are both taken into consideration.
- Industry Standing (20% of total score): Our research team considers market share, ratings from industry experts and years in business when giving this score.
- Customer Experience (15% of total score): This score is based on volume of complaints reported by the National Association of Insurance Commissioners (NAIC) and customer satisfaction ratings reported by J.D. Power. We also consider the responsiveness, friendliness and helpfulness of each insurance company’s customer service team based on our own shopper analysis.
- Availability (10% of total score): Auto insurance companies with greater state availability and few eligibility requirements score highest in this category.
Our credentials:
- 800 hours researched
- 130+ companies reviewed
- 8,500+ consumers surveyed
*Data accurate at time of publication.
If you have feedback or questions about this article, please email the MarketWatch Guides team at editors@marketwatchguides.com.
