Cheapest Car Insurance Quotes in Colorado (2024)
State Farm has the best cheap car insurance in Colorado, at $126 per month for full coverage.
Find Cheap Auto Insurance Quotes in Colorado
Best cheap car insurance companies in Colorado
How we chose the top companies
Best and cheapest car insurance in Colorado
- Cheapest full coverage: State Farm, $126/mo
- Cheapest minimum liability: State Farm, $43/mo
- Cheapest for young drivers: State Farm, $149/mo
- Cheapest after a ticket: State Farm, $135/mo
- Cheapest after an accident: State Farm, $144/mo
- Cheapest for teens after a ticket: State Farm, $164/mo
- Cheapest after a DUI: Progressive, $214/mo
- Cheapest for poor credit: Geico, $218/mo
Monthly rates based on full coverage car insurance for a 30-year-old man. Some rates use different ages or coverage limits.
State Farm, Geico and Auto-Owners all have reliable customer service and cheaper rates than average. Progressive also has cheap rates, but its customer service isn't great.
State Farm and Geico offer online quotes, so you can quickly find the cheapest rates for you. However, you'll need to contact a local independent insurance agent to get a quote from Auto-Owners.
Cheapest car insurance quotes in Colorado: State Farm
State Farm has the cheapest full-coverage car insurance in Colorado.
Full coverage from State Farm costs around $126 per month. That's $86 per month less than the Colorado average of $212.
Geico and Progressive also have affordable full coverage rates.
Find Cheap Auto Insurance Quotes in Colorado
Cheap full coverage insurance in Colorado
Company | Monthly rate | |
|---|---|---|
| State Farm | $126 |
| Geico | $149 |
| Progressive | $168 |
| Auto-Owners | $202 |
| Nationwide | $233 |
*USAA is only available to current and former military members and their families.
If you or someone in your family is a military member or veteran, you should also get a quote from USAA.
A full-coverage policy from USAA costs an average of $122 per month, which is the cheapest rate in Colorado.
Cheapest liability insurance in Colorado: State Farm
State Farm has the best cheap liability insurance in Colorado, at $43 per month.
That's $32 per month cheaper than the Colorado state average of $75.
Along with State Farm, Auto-Owners and Geico also offer low rates for liability insurance.
Best cheap liability car insurance in CO
Company | Monthly rate |
|---|---|
| State Farm | $43 |
| Auto-Owners | $47 |
| Geico | $52 |
| Progressive | $65 |
| Nationwide | $89 |
*USAA is only available to current and former military members and their families.
Find Cheap Auto Insurance Quotes in Colorado
Cheap insurance for teen drivers in CO: State Farm
State Farm has the cheapest car insurance for young drivers in Colorado.
A full coverage policy from State Farm costs $360 per month for an 18-year-old driver. Liability-only car insurance costs $149 per month at State Farm.
Colorado auto insurance quotes for teens
Company | Liability only | Full coverage |
|---|---|---|
| State Farm | $149 | $360 |
| Geico | $157 | $397 |
| Auto-Owners | $185 | $501 |
| Allstate | $254 | $483 |
| Progressive | $273 | $795 |
Minimum coverage in Colorado costs an average of $242 per month for an 18-year-old driver. That's $167 more per month than a 30-year-old driver pays for the same coverage.
The best way for young drivers to save on car insurance is by sharing a policy with their parents. This is typically much cheaper than buying two separate policies.
You can also lower your rates with discounts geared toward young drivers. For example, most companies offer a good student discount to full-time students with a 3.0 GPA or better.
Cheap Colorado auto insurance after a speeding ticket: State Farm
State Farm has the cheapest quotes for drivers with a recent speeding ticket. A full coverage policy from State Farm costs around $135 per month. That's $122 per month cheaper than the state average.
Geico is a distant second, but you could still save nearly $57 per month compared to the average cost.
Cheapest car insurance in CO after a speeding ticket
Company | Monthly rate |
|---|---|
| State Farm | $135 |
| Geico | $200 |
| Auto-Owners | $207 |
| Progressive | $219 |
| Allstate | $274 |
Cheapest insurance in Colorado after an accident: State Farm
State Farm has the cheapest full-coverage insurance after an accident. Quotes average $144 per month for full coverage, which is an increase of only 14%.
The next-cheapest company is Progressive, which costs $104 more per month than State Farm.
Most affordable car insurance in Colorado after an accident
Company | Monthly rate |
|---|---|
| State Farm | $144 |
| Progressive | $248 |
| Geico | $277 |
| Auto-Owners | $279 |
| Nationwide | $366 |
Car insurance companies in Colorado raise rates by an average of 45% after an accident. That's an average increase of $96 per month for full-coverage insurance.
There are a number of ways you can lower your insurance rates after an accident.
- Compare rates from multiple companies. The difference between the cheapest and most expensive company in Colorado after an accident is $384 per year. This means you could save a lot of money just by shopping around for the best rate.
- Qualify for discounts. You can typically save quite a bit by bundling your auto insurance with a home or renters policy. Many companies also offer safe driving programs. These programs allow you to earn a large discount by practicing safe driving habits.
- Get rid of any coverage you don't need. For example, if you own your car outright, you can consider canceling your comprehensive and collision coverage. These coverages can be costly, but without them, your insurance won't pay for damage to your vehicle after an accident.
Cheapest quotes in Colorado for teens after a ticket or accident: State Farm
State Farm has the cheapest quotes for Colorado teens with a ticket or accident on their record.
State Farm costs around $164 per month for liability coverage for young drivers after a traffic ticket. That's $110 per month cheaper than the state average.
State Farm is also the cheapest option after an accident. At $181 per month for liability coverage, State Farm is $150 per month cheaper than the state average.
Cheap auto insurance in Colorado for young drivers with a ticket or accident
Company | Ticket | Accident |
|---|---|---|
| State Farm | $164 | $181 |
| Geico | $183 | $246 |
| Auto-Owners | $194 | $329 |
| Progressive | $287 | $317 |
| Allstate | $291 | $455 |
Young drivers with a ticket or accident typically pay more for car insurance than those with a clean record. Colorado quotes increase by around 13% for young drivers after a speeding ticket and 37% after an accident.
Don't rush to switch car insurance companies right after a ticket or accident.
Your insurance typically won't go up until your policy renews. As such, you should start comparing quotes a few weeks before your current policy expires.
Inexpensive car insurance in Colorado after a DUI: Progressive
Progressive has the cheapest quotes in Colorado for drivers with a recent DUI. Full coverage from Progressive costs an average of $214 per month, which is an increase of 27%. That's less than the average rate after a DUI in Colorado by $132 per month.
Most affordable CO car insurance after a DUI
Company | Monthly rate |
|---|---|
| Progressive | $214 |
| Geico | $271 |
| Allstate | $325 |
| American Family | $325 |
| Auto-Owners | $326 |
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 63% after a DUI.
Affordable car insurance in Colorado for drivers with poor credit: Geico
Geico has the lowest quotes for a driver with poor credit, at around $218 per month. That's less than half the average price of other top companies in Colorado.
Best car insurance in CO if you have poor credit
Company | Monthly rate |
|---|---|
| Geico | $218 |
| Progressive | $284 |
| Nationwide | $330 |
| Allstate | $417 |
| American Family | $437 |
A poor credit score doesn't mean you're a bad driver. However, insurance companies see it as a sign that you could be more likely to file a claim. As a result, drivers in Colorado with poor credit pay more than double what drivers with a good credit score pay for car insurance.
Top car insurance companies in Colorado
USAA is the best-rated car insurance company in Colorado.
It has affordable quotes, dependable customer service and useful coverage options. However, USAA sells policies only to people in the military, veterans and their families.
State Farm is the best option for drivers who don't qualify for USAA. Its combination of low prices and good customer service make it the best car insurance company in the country.
Best auto insurance companies in Colorado
Company |
Editor's rating
|
J.D. Power
|
A.M. 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 is as important as finding the cheapest quote in Colorado.
If you get into an accident, great customer service can make it easy to file a claim and fix your car quickly. A company with poor customer service can add to your stress and delay your ability to get back on the road.
Average car insurance cost in Colorado by city
The most expensive city for car insurance in Colorado is Deer Trail, east of Denver.
Full coverage quotes in Deer Trail cost an average of $249 per month.
Fruitvale, near Grand Junction, along with the nearby towns of Loma and Redlands, all tie for the cheapest rates, at $157 per month.
Colorado car insurance quotes by city
City | Monthly rate | % from average |
|---|---|---|
| Acres Green | $217 | 2% |
| Agate | $238 | 12% |
| Aguilar | $214 | 1% |
| Air Force Academy | $220 | 4% |
| Akron | $228 | 8% |
Location is just one factor that affects auto insurance quotes. Rates are typically more expensive in areas that have more car accidents and thefts or severe weather.
Rates are also more expensive in big cities. Car insurance in Denver, the state capital and the biggest city in Colorado, is 12% more expensive than the state average.
Colorado auto insurance requirements
All drivers in Colorado must have liability insurance. Policies must have limits of at least 25/50/15, which is a shorthand way of expressing the limits for each type of insurance.
- Bodily injury liability: $25,000 per person and $50,000 per accident
- Property damage liability: $15,000 per accident
Colorado drivers can buy more coverage than the state requirement. Options include coverage for uninsured motorists, medical payments, collision and comprehensive.
What's the best car insurance coverage for Colorado drivers?
Full coverage insurance is the best choice for most Colorado drivers.
Frequently asked questions
What's the cheapest car insurance in Colorado?
State Farm has the cheapest insurance for most drivers in Colorado. Liability coverage costs $43 per month, and full coverage costs $126 per month. USAA has even better rates, but only military members, veterans and their families are eligible.
How much is car insurance in Colorado?
The average cost of car insurance in Colorado is $75 per month for a liability policy. A full coverage policy costs $212 per month, on average.
Are car insurance rates expensive in Colorado?
Yes, Colorado car insurance rates are high compared to the rest of the country. Colorado is the sixth-most expensive state for minimum coverage and the 17th-most expensive state for a full coverage policy. Colorado car insurance quotes are expensive because of the state's 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 $238 per month for full coverage. That's 12% more expensive than the state average. In comparison, drivers in Colorado Springs pay $232 per month, on average.
What's the best car insurance company in Colorado?
The top insurance companies in Colorado are USAA and State Farm. These companies consistently get positive reviews for their claims processes and have reputations for dependable customer service.
Methodology
ValuePenguin experts collected thousands of quotes from all ZIP codes across Colorado. Rates are for a 30-year-old single man with good credit and no prior insurance claims. He owns a 2015 Honda Civic EX.
Rates are for a full coverage policy with comprehensive and collision coverage, and higher liability coverage limits than state minimums.
- Bodily injury liability: $50,000 per person; $100,000 per accident
- Property damage liability: $25,000 per accident
- Uninsured or 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 insurance company 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.