Find Cheap Auto Insurance Quotes in Your Area
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.
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
Find Cheap Auto Insurance Quotes in Your Area
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 option 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.
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%.
|Rank||Company||Rate after accident||Rate before accident||Difference )|
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:
- State Farm
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.
|Rank||Company||Market share||Complaint index|
|6||American Family Insurance||7.5%||0.7|
|10||Liberty Mutual (Safeco)||6.8%||1.69|
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.
|Castle Pines||State Farm||$1,034|
|Castle Rock||State Farm||$1,080|
|Colorado Springs||State Farm||$1,100|
|Commerce City||State Farm||$1,079|
|Federal Heights||State Farm||$1,079|
|Fort Collins||State Farm||$890|
|Fort Lupton||State Farm||$1,036|
|Fort Morgan||State Farm||$927|
|Glenwood Springs||State Farm||$885|
|Grand Junction||State Farm||$812|
|Steamboat Springs||State Farm||$983|
|Wheat Ridge||State Farm||$1,143|
|Woodland Park||State Farm||$1,076|
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.
- Colorado Springs
- Fort Collins
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 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 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.
|Rank||City||Average annual car insurance premiums|
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 type||Study 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.