Who Has the Cheapest Car Insurance Quotes in Colorado?

Who Has the Cheapest Car Insurance Quotes in Colorado?

Find Cheap Auto Insurance Quotes in Colorado

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We compared auto insurance quotes in the state of Colorado and found that the average cost of minimum liability car insurance, the cheapest type of policy, is $1,075 per year, or $90 per month.

But prices can change a lot depending on the insurer, your location, driving history and other factors. We suggest you compare rates across multiple insurers to make sure you get the best price.

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Below we've provided a guide on the cheapest car insurance companies in Colorado, on average. Or you can type your ZIP code above to start shopping for an insurance policy now.

Cheapest car insurance companies in Colorado for minimum coverage

The cheapest car insurance policies are the ones that only fulfill the minimum coverage requirements demanded by your state. On average, the lowest car insurance rates in Colorado are offered by:

  • State Farm
  • Progressive
  • Nationwide
This graph identifies the five companies in Colorado with the lowest average annual car insurance premiums

Find Cheap Auto Insurance Quotes in Colorado

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The average car insurance policy in Colorado costs our sample driver $1,075 per year. State Farm, the cheapest option, costs an average of only $348.

In fact, State Farm is easily the cheapest liability-only policy available for our sample driver. Progressive, the second most affordable company, costs $806 per year, over $450 more expensive.

Eligible drivers should also get a quote with USAA. A minimum coverage policy cost our driver $412 per year, making it the closest competitor to State Farm. But only active or former military members (and their family members) can obtain a policy.

RankCompanyAnnual premium
1State Farm$348
2Progressive$806
3Nationwide$991
4GEICO$1,096
5Allstate$1,274
6Farmers$1,518
7American Family$2,155
N/A*USAA$412
USAA was not ranked given its eligibility requirements.

Learn how we conducted this analysis in our: Methodology

The table above shows how all Colorado insurers stack up when quoted for a minimum coverage policy. Prices differ by hundreds or even thousands of dollars per year, so when looking for the best rates in your area, you should start with our cheapest recommendations and compare multiple companies.

Find out which companies are best for:

Cheapest full coverage car insurance in Colorado: State Farm

A minimum coverage policy in Colorado only covers the cost of damage or injury to others for which you're liable. A full coverage policy — which includes comprehensive and collision insurance — covers damage to your own car, whether that damage happens on or off the road.

Even after adding comprehensive and collision insurance, State Farm is still the cheapest insurance company in Colorado, with an average rate of $988 per year.

The average full coverage policy in Colorado cost our sample driver $3,164 per year, making it one of the most expensive states in the country. After State Farm, the next two companies with the biggest savings were:

  • Nationwide: At a cost of $2,298 per year, Nationwide is much more expensive than State Farm. But it's still 27% cheaper than the state average.
  • GEICO: It's only 8% cheaper than the state average, but GEICO could be a reasonably affordable option for Colorado drivers looking for full coverage.

Comprehensive insurance protects you against damage to your car caused by events not strictly related to driving, such as theft or weather damage. Collision insurance covers you against damage that happens while driving that is not covered by another driver's liability insurance, such as if you strike an inanimate object.

Cheapest full coverage car insurance after an accident: State Farm

A driver with a history of accidents or traffic violations is likely to pay much higher auto insurance rates in Colorado.

After our driver was responsible for an accident causing $2,000 in property damage, State Farm only raised rates 16%, and it remained the cheapest insurer on average.

Other insurance companies in our study raised rates by an average of 33% after the same accident. The company that penalized our driver the least was American Family, which only increased rates by 1%.

RankCompanyRate after accidentRate before accidentDifference )
1State Farm$1,143$988$155
2Nationwide$3,562$2,298$1,263
3American Family$4,546$4,516$31
4GEICO$4,546$2,920$1,626
5Progressive$4,593$3,269$1,324
6Allstate$5,155$3,810$1,345
7Farmers$8,154$5,848$2,306
N/AUSAA$2,071$1,663$408
Rates are for a year of coverage. The accident in question was the fault of the driver and caused $2,000 in property damage. USAA was not ranked in the table due to eligibility requirements.

Best car insurance companies in Colorado

Everyone should try to find savings on car insurance, as some companies will charge hundreds of dollars more per year than others for similar coverage and service. But if you can afford it, you shouldn't sacrifice customer service quality just to get the lowest rate.

Below we've ranked the customer experience with Colorado insurers based on customer complaint rates. By this standard, the best insurance companies in Colorado are:

  • Nationwide
  • State Farm
  • Travelers

Given that State Farm has cheap rates and ranks well for customer satisfaction, it's a great starting point for Coloradans’ car insurance search. Nationwide is also one of the more affordable options in the state and ranks top for customer service with the lowest complaint rate.

Below, the 10 biggest car insurance companies are ranked by their complaint index.

RankCompanyMarket shareComplaint index
1Nationwide1.9%0.48
2State Farm16.4%0.57
2Travelers3.4%0.57
4GEICO8.9%0.62
5Allstate7.8%0.69
6American Family Insurance7.5%0.7
7Progressive11.4%0.91
8Farmers Insurance6.0%0.97
9USAA9.3%1.14
10Liberty Mutual (Safeco)6.8%1.69
The complaint index is based on data from the National Association of Insurance Commissioners. It is adjusted for the company's size, so complaints are measured in proportion to the amount of policies a company writes. The national median of the index is 1.0, so companies with a score below that have better than average customer service.

Jump ahead to learn about:

Colorado minimum auto insurance requirements

Colorado requires that all drivers maintain a minimum level of auto insurance coverage. Car insurance policies must include both bodily injury liability and property damage liability coverage. Below we've included the minimum limits for liability insurance in Colorado.

Type of insurance

Colorado required minimum
Bodily injury liability$25,000 per person and $50,000 per accident
Property damage liability$15,000 per accident

In addition to the required coverages, Colorado residents also have the option to purchase auto insurance policies with additional coverages. Typical offerings include uninsured / underinsured motorist coverage, medical payments coverage, as well as comprehensive and collision insurance.

Cheapest car insurance companies in Colorado: By city

From Denver to Colorado Springs and beyond, car insurance rates for the same driver can change a lot depending on where you live. And insurers will change their rates differently based on location.

However, across the 50 biggest cities in the state, three insurers stand out for affordability: State Farm, USAA and Nationwide. These three companies were the cheapest options for full coverage in all of those locations, making them good options to start your shopping.

Below, we highlight the three cheapest companies in each city for a full coverage policy for our sample driver.

Jump ahead to see more detail on: Colorado's 5 most populous cities

CityCompanyAnnual premium
AlamosaState Farm$893
USAA$1,613
Nationwide$1,974
ArvadaState Farm$1,013
USAA$1,534
Nationwide$2,374
AspenState Farm$1,009
USAA$1,775
Nationwide$2,199
AuroraState Farm$1,151
USAA$1,658
Nationwide$2,959
BerthoudState Farm$914
USAA$1,456
Nationwide$2,170
BoulderState Farm$1,028
USAA$1,433
Nationwide$2,098
BrightonState Farm$994
USAA$1,497
Nationwide$2,357
BroomfieldState Farm$957
USAA$1,472
Nationwide$2,218
Castle PinesState Farm$1,034
USAA$1,558
Nationwide$2,521
Castle RockState Farm$1,080
USAA$1,583
Nationwide$2,521
CentennialState Farm$1,042
USAA$1,513
Nationwide$2,514
Colorado SpringsState Farm$1,100
USAA$1,654
Nationwide$2,424
Commerce CityState Farm$1,079
USAA$1,590
Nationwide$2,495
CortezState Farm$968
USAA$1,705
Nationwide$2,240
CraigState Farm$953
USAA$1,775
Nationwide$2,124
DeltaState Farm$779
USAA$1,595
Nationwide$1,959
DenverState Farm$1,165
USAA$1,687
Nationwide$2,817
DurangoState Farm$916
USAA$1,725
Nationwide$2,136
EvansState Farm$885
USAA$1,392
Nationwide$2,170
Federal HeightsState Farm$1,079
USAA$1,593
Nationwide$2,481
FirestoneState Farm$952
USAA$1,441
Nationwide$2,171
Fort CollinsState Farm$890
USAA$1,381
Nationwide$2,170
Fort LuptonState Farm$1,036
USAA$1,524
Nationwide$2,244
Fort MorganState Farm$927
USAA$1,808
Nationwide$2,682
FountainState Farm$1,030
USAA$1,711
Nationwide$2,481
FrederickState Farm$951
USAA$1,411
Nationwide$2,244
FruitaState Farm$789
USAA$1,505
Nationwide$1,821
Glenwood SpringsState Farm$885
USAA$1,772
Nationwide$2,236
Grand JunctionState Farm$812
USAA$1,486
Nationwide$1,821
GreeleyState Farm$974
USAA$1,417
Nationwide$2,170
JohnstownState Farm$974
USAA$1,456
Nationwide$2,170
LafayetteState Farm$946
USAA$1,359
Nationwide$2,098
LakewoodState Farm$1,025
USAA$1,552
Nationwide$2,526
LamarState Farm$852
USAA$1,861
Nationwide$2,258
LittletonState Farm$1,043
USAA$1,629
Nationwide$2,510
LongmontState Farm$922
USAA$1,430
Nationwide$2,098
LouisvilleState Farm$928
USAA$1,432
Nationwide$2,098
LovelandState Farm$892
USAA$1,367
Nationwide$2,170
MillikenState Farm$885
USAA$1,456
Nationwide$2,170
MontroseState Farm$856
USAA$1,595
Nationwide$1,959
MonumentState Farm$1,129
USAA$1,635
Nationwide$2,416
NorthglennState Farm$1,039
USAA$1,554
Nationwide$2,472
ParkerState Farm$1,120
USAA$1,558
Nationwide$2,415
PuebloState Farm$1,167
USAA$1,826
Nationwide$2,636
RifleState Farm$823
USAA$1,775
Nationwide$2,236
Steamboat SpringsState Farm$983
USAA$1,615
Nationwide$2,220
SterlingState Farm$945
USAA$1,808
Nationwide$2,281
WellingtonState Farm$826
USAA$1,452
Nationwide$2,170
Wheat RidgeState Farm$1,143
USAA$1,564
Nationwide$2,371
Woodland ParkState Farm$1,076
USAA$1,837
Nationwide$2,177

To give Coloradans some more insight into how insurance rates change based on company and location, we've provided a detailed analysis of the five largest cities in the state below.

Car insurance in Colorado's five most populous cities

State Farm is the cheapest company in each city, but that's just for our sample driver. It's possible one of these other insurers is the cheapest for you, making it worth your time to begin by comparing at least three insurers.

Auto insurance in Denver, CO

  • Average annual cost = $3,571 (fourth most expensive out of 50 cities)
  • Thirteen percent more expensive than the Colorado average

The biggest city in the state ranks as one of the most expensive. The insurance company that increases its rates the most in Denver is Nationwide. It charges $2,298 for the state as a whole but $2,817 in Denver.

Auto insurance in Colorado Springs, CO

  • Average annual cost = $3,421 (eighth most expensive out of 50 cities)
  • Eight percent more expensive than the Colorado average

Colorado Springs residents will find high prices, too. However, those eligible for USAA should definitely get a quote. It was the only insurance company that decreased rates in this city compared to the state average, and a great option for those looking for cheap car insurance in Colorado Springs.

Auto insurance in Aurora, CO

  • Average annual cost = $3,656 (second most expensive out of 50 cities)
  • Sixteen percent more expensive than the Colorado average

Aurora is the most expensive of the five biggest cities in Colorado. Nationwide and American Family charge much more here than they do for the state as a whole: 29% and 25%, respectively. USAA actually charges less here than it does elsewhere.

Auto insurance in Fort Collins, CO

  • Average annual cost = $2,733 (eighth cheapest out of 50 cities)
  • Fourteen percent less expensive than the Colorado average

Despite its population, Fort Collins is one of the cheapest big cities for full coverage car insurance. All of our sample insurers charge less in Fort Collins compared to their averages for the state. American Family actually offers the biggest discount, lowering rates by 24%, though it is still one of the more expensive options.

Auto insurance in Lakewood, CO

  • Average annual cost = $3,632 (third most expensive out of 50 cities)
  • Fifteen percent more expensive than the Colorado average

Lakewood auto insurance is pricey, but shoppers should look to State Farm or USAA. State Farm only charges 4% higher in Lakewood compared to its state average, while USAA lowers its rates by 7%.

Average cost of auto insurance in Colorado: By city

The average cost of a full coverage policy in Colorado is $3,164 per year, or $264 per month, making it one of the most expensive states in the country. Below, we've listed average insurance rates for the 50 biggest cities in the state.

  • Pueblo is the most expensive city of all. Full coverage car insurance costs an average of $3,833 per year there.
  • Fruita is the cheapest city. The same policy costs $2,551 per year.

Location is just one factor affecting auto insurance prices and although these averages can give you a good idea of how prices may vary, your quotes will be different.

RankCityAverage annual car insurance premiums
1Fruita$2,551
2Grand Junction$2,555
3Delta$2,647
4Loveland$2,662
5Montrose$2,680
6Wellington$2,700
7Berthoud$2,719
8Fort Collins$2,733
9Evans$2,751
10Johnstown$2,780
11Milliken$2,817
12Longmont$2,845
13 (tie)Lafayette$2,862
13 (tie)Louisville$2,862
15Firestone$2,864
16Alamosa$2,871
17Greeley$2,882
18Steamboat Springs$2,910
19Rifle$2,914
20Cortez$2,934
21Boulder$2,939
22Broomfield$2,951
23Frederick$2,953
24Glenwood Springs$2,955
25Castle Rock$3,005
26Craig$3,017
27Fort Lupton$3,037
28Durango$3,044
29Brighton$3,051
30Aspen$3,068
31Lamar$3,079
32Parker$3,093
33Castle Pines$3,113
34Littleton$3,120
35Monument$3,149
36Arvada$3,176
37Centennial$3,190
38Sterling$3,206
39Northglenn$3,226
40Fort Morgan$3,310
41Federal Heights$3,323
42Commerce City$3,380
43Colorado Springs$3,421
44Fountain$3,434
45Wheat Ridge$3,470
46Woodland Park$3,492
47Denver$3,571
48Lakewood$3,632
49Aurora$3,656
50Pueblo$3,833

Methodology

We analyzed rates across over 400 cities for our analysis. When obtaining a quote, we used the profile of a 30-year-old male driving a 2015 Honda Civic EX.

The cheapest insurance in the state can be bought when you buy a minimum coverage policy. In other words, a policy meeting Colorado's state requirements.

When we analyzed a full coverage policy, which provides more extensive protection, it had the following limits and deductibles:

Coverage typeStudy limits
Bodily liability$50,000 per person / $100,000 per accident
Property damage$25,000 per accident
Uninsured/underinsured motorist bodily injury$50,000 per person / $100,000 per accident
Comprehensive and collision$500 deductible

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.

Mark is a Senior Research Analyst for ValuePenguin focusing on the insurance industry, primarily auto insurance. He previously worked in financial risk management at State Street Corporation.

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.

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