Who Has the Best Car Insurance Rates in Denver?
State Farm has the cheapest full coverage car insurance in Denver, Colorado, at an average of $180 per month. It's also the cheapest for minimum coverage, at $67 per month.
Compare Car Insurance Rates in Denver
Best cheap car insurance companies in Denver, CO
How we chose the top companies
Cheapest car insurance in Denver: State Farm
State Farm has the cheapest rate for full coverage in Denver, at $180 per month.
That rate is $24 per month cheaper than the second-cheapest company (Geico), and one-third cheaper than the city average of $272 per month.
If you're a veteran or affiliated with the military, USAA is an even better option. Its average price of $162 per month is even cheaper than State Farm, and its customer service is top-notch. But you can only buy a policy if you've served in the military, or your parent or spouse has had USAA insurance.
Compare Car Insurance Rates in Denver
Cheapest full coverage car insurance in Denver
Company | Monthly rate | |
|---|---|---|
| State Farm | $180 |
| Geico | $204 |
| Auto-Owners | $207 |
| Progressive | $240 |
| American Family | $250 |
*USAA is only available to current and former military members and their families.
Cheapest liability insurance quotes in Denver: State Farm
State Farm has Denver's lowest car insurance rates for minimum coverage, with prices just a bit cheaper than Progressive.
State Farm's average rate is $67 per month for minimum coverage, which is 29% cheaper than the city average. Progressive is one dollar more, at $68 per month, but State Farm has stronger customer service.
Eligible drivers should get an insurance quote from USAA. At just $43 per month, the company, which only sells policies to current and former military members, as well as qualifying family members, charges rates that are half as expensive as the city average.
Best cheap liability car insurance in Denver
Company | Monthly rate |
|---|---|
| State Farm | $67 |
| Progressive | $68 |
| Geico | $73 |
| Auto-Owners | $77 |
| American Family | $78 |
*USAA is only available to current and former military members and their families.
Cheapest car insurance for young drivers: State Farm
The cheapest rates for young drivers in Denver come from State Farm, both for minimum and full coverage. The company charges an average rate of $230 per month for liability-only coverage and $528 per month for full coverage.
On average, car insurance for a Denver 18-year-old costs $339 per month for a minimum liability policy and $836 for full coverage.
Geico has the second-cheapest rates for teen drivers. Its rates are about one-third cheaper than average for both full and minimum coverage.
Cheapest car insurance for young Denver drivers
Company | Liability only | Full coverage |
|---|---|---|
| State Farm | $230 | $528 |
| Geico | $236 | $569 |
| American Family | $247 | $705 |
| Auto-Owners | $295 | $687 |
| Progressive | $339 | $1,047 |
*USAA is only available to current and former military members and their families.
Teen Denver drivers pay about three and a half times what 30-year-olds pay for minimum coverage. In general, young drivers generally pay more than adult drivers do.
Try to stay on your parents' auto insurance policy if you're a teen driver. It's the best way to keep your car insurance rates affordable.
Other ways to keep your auto insurance rates low include taking a defensive driving course and getting good grades to score a good student discount.
Cheapest car insurance for people with a speeding ticket: State Farm
State Farm has the cheapest insurance for Denver drivers who have a speeding ticket.
State Farm customers with a ticket generally pay around $194 per month for full coverage, or 45% less than the Denver average.
Cheapest car insurance after a speeding ticket in Denver
Company | Monthly rate |
|---|---|
| State Farm | $194 |
| Auto-Owners | $216 |
| Geico | $272 |
| American Family | $294 |
| Allstate | $367 |
*USAA is only available to current and former military members and their families.
Speeding makes a relatively small impact on your car insurance rates compared to other driving incidents. Rates for full coverage increase by 29% after a speeding ticket in Denver — far less than the 57% increase you'll see after an at-fault accident and 80% after a DUI citation.
Cheapest car insurance in Denver after an accident: State Farm
State Farm has the cheapest rates for Denver drivers after an at-fault accident, charging $208 per month for full coverage.
That's less than half the city average, and $140 per month less than Auto-Owners, the second-cheapest option.
Cheapest car insurance after an accident
Company | Monthly rate |
|---|---|
| State Farm | $208 |
| Auto-Owners | $348 |
| American Family | $365 |
| Geico | $391 |
| Progressive | $437 |
*USAA is only available to current and former military members and their families.
Insurance rates for full coverage in Denver jump by 57% after an at-fault accident, from $272 per month to $427, on average.
Cheapest insurance in Denver for teens with a ticket or accident: State Farm
State Farm has the cheapest car insurance in Denver for teens with a recent speeding ticket or crash on their record.
After a speeding ticket, minimum coverage from State Farm costs $254 per month for an 18-year-old. That's one-third less than the the city average.
After an at-fault crash, minimum coverage from State Farm costs just $279 per month — 41% cheaper than average in Denver.
Company | Ticket | Accident |
|---|---|---|
| State Farm | $254 | $279 |
| American Family | $268 | $357 |
| Geico | $279 | $383 |
| Auto-Owners | $310 | $525 |
| Allstate | $437 | $689 |
*USAA is only available to current and former military members and their families.
Cheapest car insurance for drivers with a DUI: Progressive
Progressive has the most affordable rates for Denver drivers who have been caught driving under the influence (DUI). Progressive charges drivers who have a DUI citation an average of $368 per month for full coverage.
That makes Progressive's rates one-quarter cheaper than the city average for drivers with a DUI, which is $489 per month.
Cheapest car insurance after a DUI in Denver
Company | Monthly rate |
|---|---|
| Progressive | $368 |
| Geico | $387 |
| State Farm | $426 |
| Auto-Owners | $433 |
| American Family | $436 |
*USAA is only available to current and former military members and their families.
Cheapest car insurance for drivers with poor credit: Geico
Geico has the cheapest rates for drivers who have a low credit score. Geico's average rate is $302 per month for full coverage, which is one-third less than the city average. Geico is also more than $100 cheaper per month than the next-most-affordable company, American Family.
Cheapest car insurance for Denver drivers with poor credit
Company | Monthly rate |
|---|---|
| Geico | $302 |
| American Family | $424 |
| Progressive | $433 |
| Allstate | $561 |
| Nationwide | $590 |
*USAA is only available to current and former military members and their families.
Having poor credit does not mean you're a bad driver, but insurance companies have found drivers with bad credit tend to file more claims. Drivers with poor credit in Denver pay about twice as much as those with good credit.
Average car insurance cost in Denver, by neighborhood
Drivers living in North Westminster pay the lowest rates for car insurance in the Denver area.
They pay an average of $235 per month for full coverage.
Meanwhile, residents of Harvey Park pay the most, at $289 per month.
Certain ZIP codes experience higher traffic or crime rates, which can cause insurers to increase prices to account for risk. The difference between Denver's cheapest and most expensive ZIP codes is $54 per month.
ZIP | Monthly rate | % from average |
|---|---|---|
| 80014 | $272 | 5% |
| 80110 | $253 | -3% |
| 80123 | $237 | -9% |
| 80202 | $263 | 1% |
| 80203 | $267 | 3% |
What's the best car insurance coverage in Denver?
Most people in Denver should choose full coverage car insurance.
Full coverage pays to repair your car if it's damaged, whether in a crash or because of something else. It includes collision and comprehensive coverages:
-
Comprehensive coverage: Covers noncollision incidents, such as animal or weather damage, theft or vandalism.
- Collision coverage: Covers repairs to your own car resulting from collisions with stationary objects or other cars, regardless of who was at fault.
Full coverage also usually includes liability protections that go beyond what's included with minimum coverage.
Minimum liability is the most affordable form of auto insurance. However, the low rate means forfeiting any protection for your own car. Minimum liability insurance in Colorado only helps you pay for the other driver's injuries and property damage; it doesn't help you pay for any injuries or damage you sustain.
While the average cost of full coverage car insurance in Colorado is $241 per month, the average cost in Denver is 13% higher.
Methodology
ValuePenguin collected quotes from the largest insurers in Colorado. Unless otherwise noted, rates are for a 30-year-old man with a 2015 Honda Civic EX and a full coverage policy with the following limits.
- Bodily injury liability: $50,000 per person and $100,000 per accident
- Property damage liability: $25,000 per accident
- Medical payments coverage: $10,000
- Uninsured and underinsured motorist bodily injury: $50,000 per person and $100,000 per accident
- Comprehensive and collision: $500 deductible
This ValuePenguin study used insurance rate data from Quadrant Information Services. Rates were publicly sourced from insurer filings. They should be used for comparative purposes only, as your own quotes may differ.
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.
