Cheapest Car Insurance Quotes in Colorado (2024)
State Farm has the best cheap car insurance in Colorado, at $126 per month for full coverage.
Find Cheap Auto Insurance Quotes in Colorado
Best cheap car insurance companies in Colorado
To help Colorado drivers find the best cheap car insurance, ValuePenguin compared rates from top auto insurance companies across every ZIP code in the state.
Car insurance quotes for minimum coverage meet Colorado state requirements. Full-coverage quotes include higher liability limits than state minimums, along with collision and comprehensive coverage.
The best auto insurance companies in Colorado are based on affordability, availability, convenience and customer service reviews.
Cheapest car insurance quotes in Colorado: State Farm
State Farm is the cheapest insurance company in Colorado for a full-coverage policy. Its rates average $126 per month.
Geico and Progressive also have cheap quotes for full coverage.
In Colorado, a full-coverage policy costs an average of $212 per month. That's more than double the rate for minimum coverage.
Find Cheap Auto Insurance Quotes in Colorado
Cheapest full-coverage car insurance in CO
Company | Monthly rate | |
|---|---|---|
| State Farm | $126 |
| Geico | $149 |
| Progressive | $168 |
| Auto-Owners | $202 |
| Nationwide | $233 |
*USAA is only available to current and former military members and their families.
If you or someone in your family is an active-duty or former military service member, you should also get a quote from USAA. A full-coverage policy from the provider costs an average of $122 per month, making it cheaper than other major insurers in Colorado.
Cheapest liability insurance quotes in Colorado: State Farm
State Farm has the best cheap car insurance in Colorado. A minimum-liability policy costs $43 per month, which is 42% cheaper than the state average.
The average cost of car insurance in Colorado is $75 per month for minimum coverage.
Along with State Farm, drivers can also find low rates for minimum coverage from Auto-Owners and Geico.
Cheapest minimum-coverage car insurance in CO
Company | Monthly rate |
|---|---|
| State Farm | $43 |
| Auto-Owners | $47 |
| Geico | $52 |
| Progressive | $65 |
| Nationwide | $89 |
*USAA is only available to current and former military members and their families.
Find Cheap Auto Insurance Quotes in Colorado
Cheapest car insurance for young drivers in Colorado: State Farm
The cheapest car insurance overall for 18-year-old drivers in Colorado is from State Farm.
A full-coverage policy from State Farm costs $360 per month for young drivers. Minimum coverage costs $149 per month.
Cheapest car insurance for teens in Colorado
Company | Liability only | Full coverage |
|---|---|---|
| State Farm | $149 | $360 |
| Geico | $157 | $397 |
| Auto-Owners | $185 | $501 |
| Allstate | $254 | $483 |
| Progressive | $273 | $795 |
Minimum coverage in Colorado costs an average of $242 per month for an 18-year-old driver. That's $167 more per month than a 30-year-old driver pays for the same coverage.
Cheap car insurance after a speeding ticket: State Farm
State Farm has the cheapest quotes for drivers with a recent speeding ticket. A full-coverage policy from State Farm costs around $135 per month. That's 48% cheaper than the state average.
Geico is a distant second, though you could still save nearly $57 per month compared to the average cost.
Cheapest car insurance in CO after a speeding ticket
Company | Monthly rate |
|---|---|
| State Farm | $135 |
| Geico | $200 |
| Auto-Owners | $207 |
| Progressive | $219 |
| Allstate | $274 |
Cheapest car insurance after an accident: State Farm
State Farm has the cheapest full-coverage insurance for drivers who have caused an accident. Quotes average $144 per month for full coverage, which is an increase of only 15%.
The next-cheapest company is Progressive, which costs $104 more per month than State Farm. Auto insurers in Colorado raise rates by an average of 45% after an accident.
Company | Monthly rate |
|---|---|
| State Farm | $144 |
| Progressive | $248 |
| Geico | $277 |
| Auto-Owners | $279 |
| Nationwide | $366 |
Cheapest car insurance for young drivers after a ticket or accident: State Farm
State Farm has the cheapest quotes for young drivers with a ticket or accident on their record in Colorado.
State Farm has an average rate of $164 per month for minimum coverage for young drivers after a traffic ticket. That's $110 per month cheaper than the state average.
Young drivers looking for the cheapest policy after an accident pay an average $181 per month for minimum coverage from State Farm. That's 45% cheaper than the state average.
Company | Ticket | Accident |
|---|---|---|
| State Farm | $164 | $181 |
| Geico | $183 | $246 |
| Auto-Owners | $194 | $329 |
| Progressive | $287 | $317 |
| Allstate | $291 | $455 |
Young drivers with a ticket or accident typically see higher rates when they renew their policy or shop for auto insurance. Quotes increase by 13% on average in Colorado for young drivers after a speeding ticket and 37% after an accident.
Cheapest car insurance quotes after a DUI in Colorado: Progressive
If you were recently convicted of driving under the influence (DUI), Progressive has the cheapest quotes in Colorado. Full coverage from Progressive costs an average of $214 per month, which is an increase of 27%. That's far less than the average rate after a DUI in Colorado.
Company | Monthly rate |
|---|---|
| Progressive | $214 |
| Geico | $271 |
| Allstate | $325 |
| American Family | $325 |
| Auto-Owners | $326 |
A DUI is a serious driving offense, so it's common to see a large rate increase afterward. On average, car insurance companies in Colorado raise rates by 63% after a DUI.
Cheapest car insurance for drivers with poor credit: Geico
Geico has the lowest quotes for a driver with poor credit, with an average rate of $218 per month. That's less than half the average price of other top companies in Colorado.
Company | Monthly rate |
|---|---|
| Geico | $218 |
| Progressive | $284 |
| Nationwide | $330 |
| Allstate | $417 |
| American Family | $437 |
A poor credit score doesn't mean you're a bad driver. However, insurance companies see it as a sign that you could be more likely to file a claim. As a result, drivers in Colorado with poor credit pay more than double what drivers with a good credit score pay for car insurance.
Best car insurance companies in Colorado
USAA is the best car insurance company in Colorado.
It has affordable quotes, dependable customer service and useful coverage options. However, USAA only sells policies to people in the military, veterans and their families.
State Farm is the best option for drivers who don't qualify for USAA. Its combination of low prices and good customer service make it the best car insurance company in the country.
Best car insurance in Colorado
Company |
Editor's rating
|
J.D. Power
|
A.M. Best
|
|---|---|---|---|
| USAA | 881 | A++ | |
| State Farm | 842 | A++ | |
| Auto-Owners | 837 | A++ | |
| Geico | 835 | A++ | |
| Nationwide | 815 | A+ |
Choosing an insurance company with excellent customer service scores is as important as finding the cheapest quote.
If you get into an accident, great customer service can make it easy to file a claim and get paid quickly. A company with poor customer service can add to your stress and delay your ability to get back on the road.
Average car insurance cost in Colorado by city
The most expensive city for car insurance in Colorado is Deer Trail, east of Denver. Full-coverage quotes there cost an average of $249 per month.
Fruitvale, near Grand Junction, along with the nearby towns of Loma and Redlands, all tie for the cheapest rates, at $157 per month.
Location is just one factor that affects auto insurance quotes. Rates are typically more expensive in areas that have more car accidents, thefts or weather hazards.
Rates are also more expensive in big cities. Car insurance in Denver, the state capital and the biggest city in Colorado, is 12% more expensive than the state average.
Car insurance quotes by Colorado city
City | Monthly rate | % from average |
|---|---|---|
| Acres Green | $217 | 2% |
| Agate | $238 | 12% |
| Aguilar | $214 | 1% |
| Air Force Academy | $220 | 4% |
| Akron | $228 | 8% |
Colorado minimum auto insurance requirements
Colorado requires all drivers to have liability insurance. Policies must have a coverage limit of at least 25/50/15, which is a shorthand way of expressing the limits for each type of insurance.
Coverage | Required limit |
|---|---|
| Bodily injury liability | $25,000 per person; $50,000 per accident |
| Property damage liability | $15,000 per accident |
Colorado drivers can choose to buy more coverage than what's required. Options include coverage for uninsured motorists, medical payments, collision and comprehensive.
What's the best car insurance coverage for Colorado drivers?
The cheapest car insurance is a liability policy that meets Colorado's minimum coverage requirements.
A minimum-coverage policy in Colorado only pays for damage or injuries you cause in a car accident. A full-coverage policy includes comprehensive and collision to pay for repairs to your own car, even if you cause an accident.
Full coverage may be required if you have a car loan or lease. It may also be smart to get full coverage if your car is worth more than $5,000 or is less than eight years old.
Frequently asked questions
What's the cheapest car insurance in Colorado?
State Farm has the cheapest insurance for most drivers in Colorado. Minimum coverage costs $43 per month, and full coverage costs $126 per month. USAA has even better rates for minimum coverage, but only former or current military members and their families are eligible.
How much is car insurance in Colorado?
The average cost of car insurance in Colorado is $75 per month for a minimum-coverage policy. A full-coverage policy costs $212 per month, on average.
Are car insurance rates expensive in Colorado?
Yes, Colorado car insurance rates are high compared to the rest of the country. Colorado is the sixth-most expensive state for minimum coverage and the 17th-most expensive state for a full-coverage policy. Colorado car insurance quotes are expensive because of the state's extreme weather conditions and densely populated cities.
How much car insurance do I need in Colorado?
Colorado law requires that you have at least $25,000 of liability coverage for bodily injury per person and $50,000 per accident, and $15,000 to cover property damage.
What is the average cost of auto insurance in Denver?
The average price of car insurance in Denver is $238 per month for full coverage. That's 12% more expensive than the state average. In comparison, drivers in Colorado Springs pay $232 per month, on average.
What's the best car insurance company in Colorado?
The best-rated insurance companies in Colorado are USAA and State Farm. These companies consistently get positive reviews for their claims processes and have reputations for dependable customer service.
Methodology
ValuePenguin experts collected thousands of quotes from all ZIP codes across Colorado. Rates are averaged from the state's largest insurance companies. Companies with a smaller presence in Colorado were not considered.
Unless otherwise noted, rates are for a full-coverage policy with comprehensive and collision coverage, and higher liability coverage limits than state minimums.
- Bodily injury liability: $50,000 per person; $100,000 per accident
- Property damage liability: $25,000 per accident
- Uninsured or underinsured motorist bodily injury: $50,000 per person; $100,000 per accident
- Comprehensive and collision: $500 deductible
For our minimum-coverage policy, quotes are for a policy with the minimum required limits in Colorado.
Rates for young drivers are for minimum-coverage policies. For other rate analyses (credit score, driving incidents and marital status), full-coverage quotes were modified for each type of driver.
ValuePenguin's analysis used insurance rate data from Quadrant Information Services. These rates were publicly sourced from insurer filings and should be used for comparative purposes only. Your own quotes may be different.
Editorial Note: The content of this article is based on the author's opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.