Cheapest Car Insurance in Colorado (2024)
Colorado drivers looking for inexpensive car insurance get the cheapest quotes for a full-coverage car insurance policy with State Farm, at an average of $1,510 a year. Geico is the next-cheapest option, at $1,786 a year.
Colorado residents pay an average of $2,542 a year for full-coverage car insurance. Many factors go into calculating your quote, and not all car insurance companies weigh risks the same way. This can lead to different premiums for close to the same coverage. To find the cheapest rate for the coverage you need, compare car insurance quotes from several companies.
Cheapest full-coverage car insurance in Colorado: State Farm
The most affordable rate for full-coverage car insurance in Colorado comes from State Farm, with an average rate of $1,510 a year. Geico is next, with an average rate of $1,786 a year.
Cheapest companies for full-coverage car insurance
| Company | Average annual rate |
|---|---|
| State Farm | $1,510 |
| Geico | $1,786 |
| Progressive | $2,020 |
| Auto-Owners | $2,424 |
| Nationwide | $2,800 |
| Allstate | $3,000 |
| American Family | $3,252 |
| Farmers | $4,624 |
| USAA* | $1,463 |
*USAA is only available to military members and their families.
Full-coverage car insurance isn’t a policy type. It’s the combination of liability, collision and comprehensive coverage. Collision coverage handles the damages to your car after an accident. Comprehensive coverage handles damages due to non-collision perils, such as a falling tree branch, as well as vandalism or theft of your car.
USAA has a cheaper average rate than State Farm; however, USAA limits its insurance coverage to currently serving and retired military personnel and their families.
While Colorado law does not mandate that drivers carry full-coverage car insurance, your lender will if you finance your vehicle to protect their investment.
Cheapest Colorado liability-only coverage: State Farm
State Farm has the cheapest liability-only car insurance coverage for Colorado drivers, charging an average annual rate of $519. Auto-Owners is the next-cheapest company at $563 a year.
The average cost for liability-only car insurance in Colorado is $897 a year.
Cheapest companies for liability car insurance
| Company | Average annual rate |
|---|---|
| State Farm | $519 |
| Auto-Owners | $563 |
| Geico | $625 |
| Progressive | $776 |
| Nationwide | $1,069 |
| Allstate | $1,209 |
| American Family | $1,389 |
| Farmers | $1,550 |
| USAA* | $375 |
Also known as “standard car insurance,” liability car insurance covers injuries and property damage you cause to others in an accident.
Cheapest rates for young drivers in Colorado: State Farm
Colorado teens pay the lowest rate for liability car insurance with State Farm, at an average rate of $1,792 a year. Geico also offers affordable coverage to young drivers, with an average rate of $1,879.
Young drivers in Colorado pay an average of $2,902 yearly for liability car insurance.
Cheapest liability car insurance companies for young drivers
| Company | Average annual rate |
|---|---|
| State Farm | $1,792 |
| Geico | $1,879 |
| Auto-Owners | $2,219 |
| Allstate | $3,043 |
| Progressive | $3,278 |
| American Family | $3,310 |
| Nationwide | $3,756 |
| Farmers | $5,775 |
| USAA* | $1,065 |
Teen drivers pay the most for auto insurance of any demographic. Car insurance companies see their inexperience behind the wheel as a high risk and charge them higher rates to offset their costs.
If you’re looking to lower the cost of car insurance for a young driver living with you, consider putting them on your policy. While this will raise your annual rate, it should still be cheaper than if you and your teen had separate car insurance policies.
Cheapest rates after a speeding ticket in Colorado: State Farm
State Farm has the lowest rate for Colorado drivers with a ticket on their record, at $1,616 yearly. Geico comes in second at $2,399 a year. The average rate for Colorado drivers with a ticket is $3,089.
Cheapest car insurance companies after a ticket
| Company | Average annual rate |
|---|---|
| State Farm | $1,616 |
| Geico | $2,399 |
| Auto-Owners | $2,483 |
| Progressive | $2,633 |
| Allstate | $3,293 |
| Nationwide | $3,387 |
| American Family | $3,899 |
| Farmers | $6,278 |
| USAA* | $1,815 |
A speeding ticket stays on your driving record in Colorado for seven years. You’ll probably see higher car insurance rates during that time.
Compare car insurance quotes from multiple companies to get your cheapest rate in this and other situations.
Cheapest rates after an accident in Colorado: State Farm
Colorado drivers with an accident on their record get the most affordable car insurance rate with State Farm, at an average of $1,731 a year. Progressive comes in second at $2,974 a year.
Colorado drivers pay an average of $3,691 a year for full-coverage insurance after an accident.
Cheapest car insurance companies after an accident
| Company | Average annual rate |
|---|---|
| State Farm | $1,731 |
| Progressive | $2,974 |
| Geico | $3,320 |
| Auto-Owners | $3,350 |
| Nationwide | $4,386 |
| Allstate | $4,511 |
| American Family | $4,562 |
| Farmers | $6,334 |
| USAA* | $2,047 |
Best rates after a DUI in Colorado: Progressive
If you have a DUI in Colorado, you’ll find your cheapest car insurance rate with Progressive. It charges these drivers $2,566 a year, on average, for full coverage. Geico is the next option at $3,251 a year.
Colorado drivers with a DUI pay an average of $4,201 a year.
Cheapest car insurance companies after a DUI
| Company | Average annual rate |
|---|---|
| Progressive | $2,566 |
| Geico | $3,251 |
| Allstate | $3,896 |
| American Family | $3,899 |
| Auto-Owners | $3,909 |
| State Farm | $3,921 |
| Nationwide | $5,610 |
| Farmers | $6,158 |
| USAA* | $2,975 |
In Colorado, a DUI stays on your driving record for 10 years. During this time, you will see higher car insurance rates.
Best Colorado rates for bad credit: Geico
To get cheap car insurance with poor credit in Colorado, get a quote from Geico. It offers the state’s cheapest average rate $2,614 a year for these drivers. Progressive has the second-lowest rate at $3,412 a year.
Colorado drivers with poor credit pay an average of $4,858 a year for car insurance
Cheapest car insurance companies for drivers with poor credit
| Company | Average annual rate |
|---|---|
| Geico | $2,614 |
| Progressive | $3,412 |
| Nationwide | $3,956 |
| Allstate | $5,006 |
| American Family | $5,247 |
| State Farm | $5,760 |
| Farmers | $7,169 |
| Auto-Owners | $7,614 |
| USAA* | $2,946 |
Car insurance companies see a link between credit status and the chances of filing a claim. This is still a controversial topic, and credit-based insurance scoring is banned or limited in some states.
Colorado insurance rates by city
Of Colorado’s 25 biggest cities, Grand Junction has the cheapest car insurance rates at an average of $1,890 a year. Aurora has the highest average rate in the state, at $2,939 a year.
Car insurance rates by city in Colorado
| City | Average annual rate |
|---|---|
| Arvada | $2,569 |
| Aurora | $2,939 |
| Boulder | $2,386 |
| Brighton | $2,506 |
| Broomfield | $2,402 |
| Castle Rock | $2,550 |
| Centennial | $2,684 |
| Colorado Springs | $2,780 |
| Commerce City | $2,749 |
| Denver | $2,850 |
| Erie | $2,337 |
| Fort Collins | $2,224 |
| Grand Junction | $1,890 |
| Greeley | $2,309 |
| Lakewood | $2,817 |
| Littleton | $2,567 |
| Longmont | $2,304 |
| Loveland | $2,194 |
| Northglenn | $2,626 |
| Parker | $2,586 |
| Pueblo | $2,909 |
| Thornton | $2,608 |
| Westminster | $2,543 |
| Wheat Ridge | $2,803 |
| Windsor | $2,322 |
Minimum coverage for car insurance in Colorado
Colorado’s required liability car insurance coverage limits are:
- $25,000 bodily injury coverage per person
- $50,000 bodily injury coverage per accident
- $15,000 property damage coverage
Methodology
LendingTree obtains rates from insurance company filings reported to Quadrant Information Services. Rates shown in this article are based on an analysis of car insurance quotes for sample drivers.
Unless stated otherwise, we used thousands of car insurance quotes from across Colorado for a 30-year-old man with good credit and no tickets, accidents or DUIs driving a 2015 Honda Civic EX.
For full-coverage policies, the following coverage limits were used:
- Bodily injury liability: $50,000 per person, $100,000 per accident
- Property damage liability: $25,000
- Uninsured motorist: $50,000 per person, $100,000 per accident, where required by law
- Personal injury protection: Minimum limits, where required by law
- Collision: $500 deductible
- Comprehensive: $500 deductible