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Cheapest Automobile insurance Quotes in Colorado
Vehicle or Automobile insurance is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle.
In this article we are going to take a look at the Cheapest Automobile insurance Quotes in Colorado.
Best Cheapest Automobile insurance Quotes in Colorado
State Farm has the best quotes among the top auto insurance companies in Colorado, with an average rate of $452 per year for a minimum coverage policy and $1,275 per year for full coverage.
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 $1,275 per year.
The average full coverage policy costs $2,198 per year in Colorado, making it one of the most expensive states for car insurance. After State Farm, the next two companies with the biggest savings are Geico and Progressive.
| Company | Annual rate | Monthly rate |
|---|---|---|
| State Farm | $1,275 | $106 |
| Geico | $1,998 | $166 |
| Progressive | $2,136 | $178 |
| Allstate | $2,349 | $196 |
| Nationwide | $2,432 | $203 |
| American Family | $2,617 | $218 |
| Farmers | $3,398 | $283 |
| USAA* | $1,380 | $115 |
*USAA is only available to current and former military members and their families.
A minimum coverage policy in Colorado only covers the cost of damage or injury you've caused in a car accident. A full coverage policy — which includes comprehensive and collision — covers damage to your own car, whether that damage happens on or off the road.
Full coverage policies include liability coverage plus collision and comprehensive 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 for damage to your car that's not covered by another driver's liability insurance, such as if you hit a pothole or streetlight.
Cheap car insurance quotes for drivers with prior incidents: State Farm
Unfortunately, having a less-than-perfect driving history can make your car insurance rates increase substantially. If you've recently been at fault in an accident or caught driving over the speed limit, you're likely to pay much higher rates than before. And that makes it even more important to shop around for the best price for you.
For drivers who have caused accidents, State Farm offers the cheapest full coverage insurance at $1,477 per year, only raising insurance rates 16%.
A driver with a history of accidents or traffic violations is likely to pay much higher auto insurance quotes in Colorado. Insurance companies in the state raise rates by an average of 47% after an accident.
| Company | Annual rate | Monthly rate |
|---|---|---|
| State Farm | $1,477 | $123 |
| Progressive | $2,956 | $246 |
| American Family | $3,226 | $269 |
| Allstate | $3,575 | $298 |
| Geico | $3,722 | $310 |
| Nationwide | $4,034 | $336 |
| Farmers | $4,671 | $389 |
| USAA* | $1,947 | $162 |
*USAA is only available to current and former military members and their families.
Cheapest car insurance after a speeding ticket: State Farm
State Farm offers the lowest quotes to drivers with a recent speeding ticket, with full coverage rates around half the average price among Colorado insurers. Allstate is a distant second, though you could still save nearly $114 per year compared to the average.
| Company | Annual rate | Monthly rate |
|---|---|---|
| State Farm | $1,375 | $115 |
| Allstate | $2,593 | $216 |
| Progressive | $2,657 | $221 |
| Geico | $2,673 | $223 |
| American Family | $2,911 | $243 |
| Nationwide | $3,108 | $259 |
| Farmers | $4,629 | $386 |
| USAA* | $1,715 | $143 |
*USAA is only available to current and former military members and their families.
Cheapest car insurance rates after a DUI: Progressive
If you were recently convicted of driving under the influence (DUI), Progressive has the best quotes for full coverage. It increases rates by a scant 15% — far less than is typical nationwide.
A DUI is a serious driving offense, so it's common to see a very large rate increase afterward. For example, Nationwide more than doubles insurance costs after a DUI.
| Company | Annual rate | Monthly rate |
|---|---|---|
| Progressive | $2,461 | $205 |
| American Family | $2,911 | $243 |
| Allstate | $3,097 | $258 |
| State Farm | $3,110 | $259 |
| Geico | $3,646 | $304 |
| Farmers | $4,539 | $378 |
| Nationwide | $5,207 | $434 |
| USAA* | $2,866 | $239 |
*USAA is only available to current and former military members and their families.
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 $187 per month. That's 29% cheaper than the average compared to other top companies in Colorado.
While a poor credit score doesn't indicate you're a bad driver, insurers see it as a sign that you might be more likely to get into an accident or file a claim. As a result, you're likely to pay more for car insurance in most states, including Colorado.
| Company | Annual rate | Monthly rate |
|---|---|---|
| State Farm | $2,248 | $187 |
| Geico | $2,540 | $212 |
| Nationwide | $3,047 | $254 |
| Progressive | $3,280 | $273 |
| Allstate | $3,414 | $284 |
| American Family | $3,446 | $287 |
| Farmers | $4,933 | $411 |
| USAA* | $2,596 | $216 |
*USAA is only available to current and former military members and their families.
Cheapest car insurance quotes for married drivers: State Farm
Married drivers can look to State Farm for Colorado's cheapest rates for full coverage. The company, which already has the cheapest rates in the state, doesn't give a discount for married drivers. Geico gives married drivers the biggest discount, dropping rates 7%.
Most insurance companies offer slightly cheaper quotes for married drivers, as insurers see them as less risky drivers. On average, Colorado insurers drop rates 4% for married drivers.
| Company | Annual rate | Monthly rate |
|---|---|---|
| State Farm | $1,275 | $106 |
| Progressive | $1,875 | $156 |
| Geico | $2,150 | $179 |
| Nationwide | $2,220 | $185 |
| American Family | $2,402 | $200 |
| Allstate | $2,470 | $206 |
| Farmers | $3,106 | $259 |
| USAA* | $1,238 | $103 |
*USAA is only available to current and former military members and their families.
Cheapest car insurance for young drivers in Colorado: State Farm
The cheapest car insurance overall for 18-year-old drivers is from State Farm, which has an average cost of $1,559 for a stand-alone minimum coverage policy.
| Company | Liability only | Full coverage |
|---|---|---|
| State Farm | $1,559 | $3,689 |
| American Family | $2,019 | $4,247 |
| Geico | $2,042 | $5,342 |
| Allstate | $2,966 | $6,465 |
| Progressive | $3,256 | $8,839 |
| Nationwide | $3,790 | $9,696 |
| Farmers | $4,219 | $10,321 |
| USAA* | $1,028 | $3,147 |
*USAA is only available to current and former military members and their families.
Cheapest car insurance quotes for young drivers after a ticket: State Farm
When looking for a cheap policy, we recommend young drivers with a ticket get a quote from State Farm, which has an average cost of $1,732 per year for minimum coverage.
Young drivers with a ticket will see their premiums rise when they renew or shop for auto insurance. On average in Colorado, premiums will increase by close to 13% for young drivers who get a speeding ticket.
| Company | Annual rate | Monthly rate |
|---|---|---|
| State Farm | $1,732 | $144 |
| American Family | $2,237 | $186 |
| Geico | $2,392 | $199 |
| Progressive | $3,380 | $282 |
| Allstate | $3,422 | $285 |
| Nationwide | $4,078 | $340 |
| Farmers | $5,217 | $435 |
| USAA* | $1,152 | $96 |
*USAA is only available to current and former military members and their families.
Cheapest car insurance for teen drivers after an accident: State Farm
Young drivers looking for the cheapest policy after an accident may be able to find affordable quotes with State Farm. The company's average rate is $1,905 per year for minimum coverage.
An at-fault accident will often increase rates more than a speeding ticket because insurers see it as a higher risk, and young Colorado drivers can expect rates to jump 25% after an accident.
| Company | Annual rate | Monthly rate |
|---|---|---|
| State Farm | $1,905 | $159 |
| American Family | $2,783 | $232 |
| Geico | $3,237 | $270 |
| Progressive | $3,651 | $304 |
| Allstate | $3,857 | $321 |
| Nationwide | $4,174 | $348 |
| Farmers | $5,217 | $435 |
| USAA* | $1,203 | $100 |
*USAA is only available to current and former military members and their families.
Best car, Automobile insurance companies in Colorado
State Farm is our top recommendation for the best insurance company in Colorado, owing to a strong combination of affordable quotes, customer service and coverage options. We also took into account the result of J.D. Power's Auto Insurance Claims Satisfaction Survey.
Geico is the next-best option, and it offers a convenient user experience for buying car insurance and updating your policy online. Nationwide is also a good choice if you want a range of ways to customize coverages, including pay-per-mile insurance.
| Company | Editor's rating | J.D. Power | AM Best |
|---|---|---|---|
| State Farm | 847 | A++ | |
| American Family | 850 | A | |
| Geico | 829 | A++ | |
| Farmers | 802 | A | |
| Nationwide | 786 | A+ | |
| Progressive | 835 | A+ | |
| Allstate | 822 | A+ | |
| USAA* | 863 | A++ |
*USAA is only available to current and former military members and their families.
J.D. Power's survey scores are out of 1,000 and represent how satisfied customers are with their insurers. AM Best's financial strength rating is a letter grade describing an insurer's financial ability to pay out claims. The highest grade is A++.
Colorado minimum auto insurance requirements
Colorado requires that all drivers maintain minimum limits for liability insurance. Car insurance policies must include both bodily injury liability and property damage liability coverage.
| 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 uninsured/underinsured motorist, medical payments, comprehensive and collision coverage.
Average car insurance cost in Colorado by city
The average cost of a full coverage policy in Colorado is $2,198 per year, or $183 per month, making it one of the most expensive states in the country for car insurance.
Glendale is the most expensive city for car insurance in Colorado, with full coverage quotes costing an average of $2,595 per year. Fruitvale is the cheapest city, at $1,604 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 auto insurance quotes will be different. In general, big cities such as Denver will have more expensive rates because there are more accidents and car thefts.
| City | Average annual cost | Percent from average |
|---|---|---|
| Acres Green | $2,290 | 5% |
| Agate | $2,407 | 11% |
| Aguilar | $2,077 | -4% |
| Air Force Academy | $2,325 | 7% |
| Akron | $2,103 | -3% |
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Recap of the cheapest automobile insurance quotes in Colorado
- Minimum coverage: State Farm
- Full coverage: State Farm
- After an at-fault accident: State Farm
- After a speeding ticket: State Farm
- After a DUI: Progressive
- Poor credit history: State Farm
- Married drivers: State Farm
- Young drivers: State Farm
- Young drivers after a ticket: State Farm
- Young drivers after an accident: State Farm
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 ($452 per year) and full coverage ($1,275 per year). We found even better prices for minimum coverage at USAA, but only people affiliated with the military are eligible.
How much is car insurance in Colorado?
The average cost of auto insurance in Colorado is $66 per month, or $791 per year, for a minimum coverage policy. The average cost for a full coverage policy is $183 per month, or $2,198 per year.
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 15th most expensive state for minimum coverage and the 10th most expensive state for a full coverage policy. Colorado car insurance rates 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/$50,000 of liability coverage for bodily injury and $15,000 to cover property damage. Colorado doesn't require personal injury protection, as it is not a no-fault state. Uninsured motorist coverage isn't required either.
What is the average cost of insurance in Denver?
The average price of car insurance in Denver is $2,505 per year for full coverage, which is about 15% more expensive than the average statewide. However, it's not the most expensive city in Colorado for insurance — we found higher rates in cities like Glendale, Holly Hills and Aurora.
What's the best car insurance company in Colorado?
The best-rated insurance companies in Colorado for customer service are State Farm, American Family and USAA. These insurers consistently received positive reviews for their claims process and have strong customer service reputations.
