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, our editorial team compiled quotes from top auto insurance companies across every ZIP code in the state. Quotes for minimum coverage meet the Colorado state requirements of $25,000 in bodily injury liability coverage per person and $50,000 per accident, plus $15,000 in property damage coverage. Full coverage quotes include higher liability limits than state minimums, along with collision and comprehensive coverage.
Additionally, we rated the best auto insurance companies in Colorado based on affordability for different drivers, coverage 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 liability.
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.
The cheapest car insurance policies are liability-only policies that meet the minimum coverage requirements. Along with State Farm, drivers can find the lowest state minimum car insurance quotes in Colorado from Auto-Owners and Geico.
A minimum coverage policy in Colorado only pays for damage or injuries you've caused in a car accident. A full coverage policy includes comprehensive and collision.
Comprehensive insurance protects you against damage to your car caused by events not strictly related to driving, like theft or weather damage. Collision insurance covers damage to your car if you're in an accident or hit a pothole, regardless of fault.
Cheapest full coverage car insurance quotes in Colorado: State Farm
State Farm is the cheapest insurance company in Colorado for a full coverage policy, with an average rate of $99 per month.
The average full coverage policy costs $168 per month in Colorado, making it one of the cheapest states for full coverage car insurance. Geico, Auto-Owners and Progressive also offer cheaper-than-average quotes.
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.
Cheap 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 on their record.
A less-than-perfect driving history will almost always lead to an increase in your car insurance rate. That makes it even more important to shop around for car insurance to find the best price for you.
Cheapest car insurance after a speeding ticket: State Farm
State Farm offers the cheapest quotes to drivers with a recent speeding ticket. A full coverage policy from State Farm costs around $107 per month, which is 47% cheaper than average.
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 offers the cheapest full coverage insurance for drivers who have caused accidents at $114 per month for full coverage. That's an increase of only 15%.
In comparison, insurance companies 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: Progressive
If you were recently convicted of driving under the influence (DUI), State Farm has the cheapest quotes for full coverage at $107 per month. It increases rates by only 8% — far less than 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 |
While a poor credit score doesn't indicate you're a bad driver, insurers see it as a sign that you're more likely to get into an accident or file a claim. As a result, you'll pay 77% more for car insurance in Colorado than a driver 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, while 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 |
The average cost of a minimum-coverage car insurance policy is $204 per month for an 18-year-old driver in Colorado. 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 will have higher rates when they renew or shop for auto insurance. On average in Colorado, quotes will increase by 13% for young drivers who get 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 |
An at-fault 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 offers married drivers Colorado's cheapest rates for full coverage. The company, which already has the cheapest quotes in the state, doesn't give a discount for married drivers.
On average, car insurance in Colorado costs 4% less for married drivers. Nationwide and Progressive give married drivers the biggest discount, dropping rates by 12%.
Cheapest 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.
State Farm is the best option for drivers that don't qualify for USAA. Many Colorado drivers can't get insurance from USAA because it only sells policies to people in the military, veterans and their families.
Best car insurance in Colorado
Company |
Editor's rating
|
J.D. Power
|
AM 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're in an accident, great customer service can help make it a less stressful experience by investigating and paying your claim quickly. A company with poor customer service scores may have a longer claims process, which could take more time for you to get back on the road.
Average car insurance cost in Colorado by city
Deer Trail is the most expensive city for car insurance in Colorado, with full coverage quotes costing an average of $197 per month. Redlands is the cheapest city at $125 per month.
Location is just one factor affecting auto insurance quotes. Big cities will generally have more expensive rates because there are more accidents and car thefts. For example, car insurance in Denver is 13% more expensive than the statewide average.
City | Monthly cost | % 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 maintain minimum limits for liability insurance. Car insurance policies must include limits of 25/50/15 of bodily injury liability and property damage liability coverage.
Coverage | Required limit |
|---|---|
| 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 uninsured/underinsured motorist, medical payments, comprehensive and collision coverage.
Frequently asked questions
What's the cheapest car insurance in Colorado?
State Farm has the cheapest insurance for most drivers in Colorado for minimum coverage ($34 per month) and full coverage ($99 per month). USAA has even better prices 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 relatively high compared to the rest of the country. Colorado ranks as 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 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 15% more expensive than the average statewide. In comparison, drivers in Colorado Springs can expect to pay $186 per month.
What's the best car insurance company in Colorado?
The best-rated insurance companies in Colorado for customer service are USAA and State Farm. These insurers consistently receive positive reviews for their claims process and have reputations for dependable customer service.
Methodology
We collected thousands of rates from ZIP codes across Colorado for the state's largest insurers. Our sample driver was a 30-year-old man with a clean driving record and good credit score who drives a 2015 Honda Civic EX.
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/underinsured motorist bodily injury | $50,000 per person/$100,000 per accident |
| Comprehensive and collision | $500 deductible |
For our minimum coverage policy, we received quotes for a policy with the minimum required limits in Colorado.
For other rate analyses (credit score, driving incidents and marital status), the base policy listed above was changed to reflect the new driver. Rates for young drivers are for minimum coverage policies.
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.