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Who Has the Cheapest Car Insurance Quotes in Colorado? (2023)
Who Has the Cheapest Car Insurance Quotes in Colorado? (2023)
State Farm has the cheapest car insurance in Colorado, with an average rate of $34 per month for a minimum coverage policy and $99 per month for full coverage.
Best cheap car insurance in Colorado
To help Colorado drivers find the best cheap car insurance, we 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 companies in Colorado for minimum coverage
State Farm has the best cheap car insurance in Colorado. A minimum liability policy costs $34 per month, which is 43% cheaper than the Colorado state average.
The average cost of car insurance in Colorado is $60 per month for minimum coverage.
Find Cheap Auto Insurance Quotes in Colorado
Eligible drivers should also get a quote from USAA. A minimum coverage policy costs an average of $28 per month, making it the cheapest in Colorado. But only active or former military members and their families can get a policy.
Cheapest minimum coverage car insurance in CO
Company | Monthly rate | |
|---|---|---|
| State Farm | $34 |
| Auto-Owners | $38 |
| Geico | $51 |
| Progressive | $65 |
| Nationwide | $70 |
*USAA is only available to current and former military members and their families.
Along with State Farm, drivers can find low rates for minimum coverage from Auto-Owners and Geico.
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 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.
Cheapest full coverage car insurance quotes in Colorado: State Farm
State Farm is the cheapest insurance company in Colorado for a full coverage policy. Its rates average $99 per month.
Geico, Auto-Owners and Progressive also have cheap quotes for full coverage.
In Colorado, a full coverage policy costs an average of $168 per month. That's more than double the rate for minimum coverage.
Cheapest full coverage car insurance in CO
Company | Monthly rate |
|---|---|
| State Farm | $99 |
| Geico | $144 |
| Auto-Owners | $158 |
| Progressive | $161 |
| American Family | $172 |
*USAA is only available to current and former military members and their families.
Cheapest car insurance quotes for drivers with prior incidents in Colorado: State Farm
State Farm has the best cheap car insurance in Colorado for drivers with a speeding ticket, accident or DUI.
If you don't have a clean driving record, you'll almost always pay more for car insurance. That makes it even more important to shop around for car insurance to find the best price for you.
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 $107 per month. That's nearly half of average rates.
Auto-Owners is a distant second, though you could still save nearly $41 per month compared to the average.
Cheapest car insurance in CO after a speeding ticket
Company | Monthly rate |
|---|---|
| State Farm | $107 |
| Auto-Owners | $162 |
| Geico | $194 |
| American Family | $196 |
| Progressive | $203 |
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 $114 per month for full coverage, which is an increase of only 15%.
The next-cheapest company is American Family, which costs nearly twice as much as State Farm. Auto insurers in Colorado raise rates by an average of 44% after an accident.
Company | Monthly rate |
|---|---|
| State Farm | $114 |
| American Family | $222 |
| Auto-Owners | $223 |
| Progressive | $226 |
| Geico | $269 |
Cheapest car insurance quotes after a DUI in Colorado: State Farm
If you were recently convicted of driving under the influence (DUI), State Farm has the cheapest quotes in Colorado. Full coverage costs an average of $107 per month, which is an increase of only 8%. That's far less than what is typical in Colorado.
Company | Monthly rate |
|---|---|
| State Farm | $107 |
| Progressive | $188 |
| American Family | $196 |
| Allstate | $253 |
| Auto-Owners | $263 |
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 48% after a DUI.
Cheapest car insurance for drivers with poor credit: State Farm
State Farm has the lowest quotes for a driver with poor credit, with an average rate of $194 per month. That's 35% cheaper than average compared to other top companies in Colorado.
Company | Monthly rate |
|---|---|
| State Farm | $194 |
| Geico | $211 |
| Nationwide | $257 |
| Progressive | $280 |
| American Family | $293 |
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 77% more for car insurance than drivers with a good credit score.
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 minimum coverage policy from State Farm costs $118 per month for young drivers. Full coverage costs $278 per month.
Cheapest car insurance for teens in Colorado
Company | Liability only | Full coverage |
|---|---|---|
| State Farm | $118 | $278 |
| Geico | $151 | $384 |
| Auto-Owners | $155 | $413 |
| American Family | $162 | $303 |
| Allstate | $237 | $480 |
Minimum coverage in Colorado costs an average of $204 per month for an 18-year-old driver. That's $144 more per month than a 30-year-old driver pays for the same coverage.
Cheapest quotes for young drivers after a ticket: State Farm
State Farm has the cheapest quotes for young drivers with a ticket in Colorado. It has an average cost of $131 per month for minimum coverage.
Company | Monthly rate |
|---|---|
| State Farm | $131 |
| Auto-Owners | $163 |
| Geico | $177 |
| American Family | $180 |
| Allstate | $273 |
Young drivers with a ticket typically have higher rates when they renew or shop for auto insurance. On average in Colorado, quotes increase by 13% for young drivers after a speeding ticket.
Cheapest car insurance for teen drivers after an accident: State Farm
Young drivers looking for the cheapest policy after an accident can find affordable quotes with State Farm. The company's average rate is $144 per month for minimum coverage.
Company | Monthly rate |
|---|---|
| State Farm | $144 |
| American Family | $225 |
| Geico | $237 |
| Auto-Owners | $276 |
| Nationwide | $296 |
Causing a car accident usually increases rates more than a speeding ticket because insurers see it as a higher risk. Young Colorado drivers can expect rates to increase by 29% after an accident.
Cheapest quotes for married drivers: State Farm
State Farm has the cheapest rates in Colorado for married drivers. The company doesn't give a discount for married drivers, but its low prices overall means it's still the best deal.
On average, car insurance in Colorado costs 4% less for married drivers. Nationwide and Progressive give married drivers the biggest discount, each dropping rates by 12%.
Cheapest full coverage car insurance for married drivers in Colorado
Company | Monthly rate per car |
|---|---|
| State Farm | $99 |
| Progressive | $141 |
| American Family | $155 |
| Auto-Owners | $158 |
| Nationwide | $161 |
Most insurance companies offer slightly cheaper quotes for married drivers. That's because insurers see them as less risky drivers.
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 $197 per month.
Redlands, near Grand Junction, has the cheapest rates, at $125 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 cities, and car insurance in Denver is 13% more expensive than the state average.
Car insurance quotes by Colorado city
City | Monthly rate | % from average |
|---|---|---|
| Acres Green | $174 | 4% |
| Agate | $188 | 12% |
| Aguilar | $168 | 0% |
| Air Force Academy | $176 | 5% |
| Akron | $180 | 7% |
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 explaining the limits for each type of claim.
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.
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 $34 per month, and full coverage costs $99 per month. USAA has even better rates for minimum coverage, but only people with military ties are eligible.
How much is car insurance in Colorado?
The average cost of car insurance in Colorado is $60 per month for a minimum coverage policy. A full coverage policy in Colorado costs $168 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 17th most expensive state for minimum coverage and the 10th 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 $189 per month for full coverage. That's 13% more expensive than the average statewide. In comparison, drivers in Colorado Springs pay $186 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
We 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, such as American National, were not considered.
The base policy for the study was a full coverage policy with the following limits:
Coverage | Limit |
|---|---|
| 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, we compared quotes 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.