Who Has The Best Car Insurance Rates in Denver?

We surveyed seven of the top auto insurance companies in Denver in order to get a detailed understanding of which companies offered the best rates and which companies are charging too much. Overall, GEICO had the best rates in Denver, with an average annual cost of just $751. We also did a breakdown of costs across 14 neighborhoods in the Denver area, so Denverites can see how their car insurance prices compares with that of their neighbors'. To get multiple quotes from insurers near you, input your ZIP code in the box above.

Cheapest Car Insurance Companies in Denver

After surveying seven insurance companies in 14 neighborhoods in the Denver area, we found that in each area GEICO offered the best prices overall. At GEICO, our sample driver profile would expect to pay an average of $751 per year, a 30% savings from the city average of $1,083.

State Farm also offered competitive rates, with its average annual rate $823 of coming in about 10% more expensive than GEICO. However, car insurance rates can vary by driver based on age, car type and driving history, so drivers looking to find the lowest possible price for car insurance should always check multiple companies. This way, you can be sure you're paying the smallest amount you can for automobile insurance.

Several other insurers fell in the range of $1,000 to $1,100 per year. Meanwhile, Colorado Farm Bureau offered the most expensive rates to Denverites, charging nearly double the amount for car insurance coverage that GEICO does, with an average price of $1,646 per year.

Average Cost of Car Insurance in Denver: by Neighborhood

In our neighborhood-by-neighborhood analysis of car insurance prices around Denver, we found a moderate gap in prices. Overall, the cheapest area for car insurance, Littleton, worked out to be about 18% cheaper than the most expensive neighborhood we found, Five Points. However, when considering only the two cheapest car insurance companies, that annual price gap shrinks to only 11%, or $72 per year.

Best Auto Insurance Companies in Denver

Our overall recommendation for car insurance companies goes to GEICO. It had the best rates overall and possesses excellent financial stability and consistent customer service: JD. Power gave GEICO a four out of five ranking in its claims satisfaction survey. For our sample driving profile, GEICO offered rates 35% cheaper than the city average and less than half the price of the most expensive insurer, Colorado Farm Bureau.

If you prefer having an in-person relationship with your agent, we recommend State Farm. Its rates were only a few dollars more per month than GEICO, but there are numerous State Farm agents around the Denver area—a service that GEICO does not provide.

Car Theft Statistics in Denver

Though it doesn't take the top spot, Denver is among the most likely places in Colorado to have your car stolen. It places second statewide and 20th across the country when it comes to the number of car thefts per capita. Only the Pueblo metropolitan area had higher rates of car theft.

Auto Insurance Agents in Denver

Though most major car insurance companies allow you to purchase your policy and make a claim online, Denverites who prefer to deal directly with an agent near them have plenty of options. We've compiled a list of local independent and captive car insurance agents in 14 neighborhoods in Denver who can work with you in person to find the right insurance policy for your needs.

Minimum Auto Insurance Requirements in Denver, Colorado

You're required to have a minimum level of insurance in order to drive a car in the state of Colorado. Below, we've included the minimum insurance limits for each required coverage.

Methodology

The sample quotes we obtained were for a 30 year old single male driving a Toyota Camry that he owns. His credit is excellent and he has opted for basic coverage by Colorado state standards. In a typical year, our driver travels between 10,000 and 15,000 miles in his vehicle which he uses to commute to and from work. Our driver has zero accidents or traffic incidents of record in the past five years.