Cheap Car Insurance in Colorado (June 2023)

If you’re looking for car insurance coverage in Colorado, you want to find the best fit for you, and that means finding an insurer that’s the best match for your credit scores, driving history, age, and other factors.

Here are the top options for cheap car insurance in Colorado based on specific criteria.

Best car insurance companies in Colorado

The right car insurer for you depends on your budget, needs, and preferences. Below are the best car insurance companies in Colorado based on their ideal market, average monthly costs, and Insurify Quality (IQ) Score. These scores consider various data points such as cost, reliability, and strength.

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Best car insurance overall in Colorado: State Farm

State Farm

State Farm offers Colorado drivers cheap car insurance, with monthly rates of $62 for liability coverage. That rate goes up to $91 per month for full-coverage auto insurance. The company also has an IQ Score of 4.4 out of 5.

State Farm’s high rating and low rates can be attractive for people looking for affordable and reliable car insurance coverage in Colorado, considering the average cost for Colorado car insurance is $233 per month. Plus, you may be eligible for numerous discounts — especially if you have multiple policies with the company. Teen drivers may also qualify for savings of up to 25% by getting good grades.

As the top car insurance company in the nation by market share, State Farm is a reputable insurer. It has relatively high customer satisfaction, with 882 points out of 1,000 in the J.D. Power 2022 U.S. Auto Claims Satisfaction Study.

Best cheap car insurance in Colorado: American Family

American Family

American Family car insurance has low rates for Colorado drivers, at $85 per month for liability coverage and $125 per month for full coverage. This is a considerably lower rate than the average cost of $233 per month. The company also has an IQ Score of 4.3 and is just below State Farm in customer satisfaction, receiving 874 points in the J.D. Power 2022 U.S. Auto Claims Satisfaction Study.^[1]

The company stands out for its various insurance products, including unique offerings such as insurance for farms and ranches, businesses, or snowmobiles. You could save up to 27% if you bundle American Family’s auto insurance, home insurance, and life insurance.

If you need customer assistance, you have several ways to reach out to a company representative, including mobile app, email, phone, or chat.

Best for value in Colorado: USAA

USAA

USAA offers some of the most competitive pricing in car insurance alongside high levels of customer satisfaction. The average cost of liability coverage with USAA is $80 per month. Full-coverage car insurance in Colorado costs $117 per month on average, based on Insurify data. The caveat is that USAA is exclusively available to current and past members of the military and their families. The general population doesn’t qualify for these rates.

Eligible Colorado drivers may get additional savings through the company’s plentiful discounts, including saving up to 3% with automatic payments, 10% by bundling home and auto policies, and 15% off your auto insurance when storing your vehicle at a military base.

USAA has an IQ Score of 4.5 and has a mobile app for consumers to easily handle their claims. USAA is a financial services company in addition to being an insurer.

Best car insurance for commuters in Colorado: GEICO

GEICO

GEICO is a good fit for commuters who may have higher rates elsewhere because of the large number of miles they drive. A GEICO policy costs $94 per month for liability coverage and $139 per month for full coverage. The company has an IQ Score of 4.3, and it also has above-average customer satisfaction, based on data from J.D. Power. 

To get these low rates as a commuter, you can look at GEICO’s discounts for safe driving or bundle your policies. You can choose from the standard car insurance coverage types, including liability, collision, comprehensive, and medical coverages. GEICO also offers rental reimbursement, emergency roadside assistance, and mechanical breakdown insurance.

Best car insurance for families in Colorado: Auto-Owners Insurance

Auto-Owners

Auto-Owners Insurance offers teen driver discounts and good student discounts for those with young drivers. Families can also get a multi-policy discount and save even more if they get life insurance coverage through Auto-Owners.

Liability coverage from Auto-Owners Insurance costs $110 per month. The premium rises to $162 per month for full-coverage car insurance. The company also has an IQ Score of 4.1. 

Auto-Owners doesn’t offer the lowest rates, but its rates are more affordable than many other car insurance companies in Colorado. 

However, the company does have lower-than-average ratings from J.D. Power in both customer satisfaction and digital experience.^[1] Additionally, consumer ratings are relatively low on ConsumerAffairs.^[5]

Best car insurance for outdoor enthusiasts: State Auto 

State Auto

State Auto is a good option for outdoor enthusiasts because of its optional coverage. You can get roadside assistance and full safety glass coverage. If you have a lot of outdoor gear, the AutoXtended coverage endorsement can help protect your belongings. This endorsement covers personal effects, cell phones, pets, emergency travel, and more.

The cost of State Auto is $108 per month for liability coverage. Opting for full-coverage car insurance increases that amount significantly, to $354 per month.

State Auto’s IQ Score is also a bit lower than some other insurers, at 3.8. The company has an A+ rating on the Better Business Bureau (BBB) but has low customer ratings on the site.

Best car insurance for students: Allstate

Allstate

Allstate offers attractive discounts that students may be eligible for, including getting good grades for drivers younger than 25.

Drivers younger than 21 who keep their vehicle and are more than 100 miles from home may also qualify for a discount. Teen drivers who get teenSMART certified can also score savings as well, making Allstate the optimal choice for student drivers.

Because young drivers tend to pay higher premiums, it’s a good idea to find a company with discounts and affordable coverage. Though rates may vary for young or teen drivers, the average monthly cost of Allstate liability car insurance is $96 per month. Full-coverage car insurance with Allstate costs $141 per month.

Allstate’s IQ Score is 4.1, which is relatively high compared to other rated insurers. The company also has relatively high customer satisfaction and received 889 points in the J.D. Power 2022 U.S. Auto Claims Satisfaction Study.

Best car insurance for renters in Colorado: Progressive

Progressive

If you’re a renter in Colorado, you may be able to score additional savings when you bundle your auto insurance and rental insurance with Progressive. Your apartment complex may or may not require you to get renters insurance. But if you need coverage, this is a great way to save up to 4% when combined with auto insurance coverage. Progressive offers various pricing options and competitive rates.

The average monthly cost of liability insurance in Colorado from Progressive is $127. If you want more protection, full coverage costs $195 per month. You may be able to save even more with the company’s Snapshot program if you practice safe driving habits. Plus, with Progressive’s Name Your Price Tool, you can see what options fit your budget.

Progressive has an IQ Score of 4.1. It should be noted, though, that the company has below-average ratings in customer satisfaction when it comes to filing auto claims, according to data from J.D. Power.

Best car insurance for drivers who own homes in Colorado: Travelers

Travelers

Homeowners in Colorado can look for car insurance savings through Travelers, which offers a homeownership discount. The discount is available whether it’s a home or condo, and the company even offers it to people who have home insurance with another insurer. If you decide to bundle your auto and home policies, you can get a multi-policy discount, which can reduce your auto insurance premiums by up to 13%.

Travelers also offers liability insurance for $131 per month, with full-coverage rates at an average of $200 per month. If you have an electric or hybrid car, you may be eligible for a discount to lower your rates.

The company’s IQ Score stands at 4.3, one of the highest ratings among insurance companies. However, Travelers does have below-average customer satisfaction in claims, according to data from J.D. Power.^[1]  Additionally, Travelers also has a below-average rating in customer satisfaction for digital experience.^[1]

How Insurify’s experts used internal proprietary data to rate the top auto insurers

Data scientists at Insurify analyzed more than 40 million real-time auto insurance rates from our partner providers across the United States to compile the car insurance quotes, statistics, and data visualizations displayed on this page.

The car insurance data includes coverage analysis and details on drivers’ vehicles, driving records, and demographic information. Quotes for Allstate, Farmers, GEICO, State Farm, and USAA are estimates based on Quadrant Information Service’s database of auto insurance rates.

With these insights, Insurify is able to offer drivers insight into how companies price their car insurance premiums. The data included on this page represents averages across all driver ages, gender, credit scores, and driver profiles for Colorado drivers.

How to shop for the best car insurance in Colorado

To find the best car insurance coverage, you should shop around to find the best rate and options for your unique situation. That means getting quotes from a minimum of three insurance providers to compare.

“Understanding the ins and outs of car insurance in Colorado is key to ensuring you’re getting adequate coverage at a reasonable price,” says John Espenschied, owner of Insurance Brokers Group. “Remember to assess your needs, consider the factors that affect your premiums, and take advantage of available discounts to save money on your insurance policy. Whether you’re a new driver or a seasoned one, taking the time to research your options and learn about the coverage available in Colorado can go a long way in giving you peace of mind on the road.”

Here are some of the best practices to keep in mind when shopping for car insurance in Colorado:

1. Research three to five car insurance companies.

2. Look at car insurance quotes, coverage types, benefits, available discounts, and customer reviews.

3. Understand how much coverage you’re required to carry and what you need to feel comfortable and protected.

4. Sign up online, or through an insurance agent, to start your car insurance coverage.

5. Stay on top of paying your car insurance premiums, and practice safe driving habits.

How to get the cheapest car insurance in Colorado

The car insurance rate you get depends on many different factors, including your driving history, location, how much you drive, gender, age, and potentially your credit.

To get cheap car insurance in Colorado, consider the following:

• Raise your deductible. A higher deductible means you pay more out of pocket if there’s a claim, but it can result in lower car insurance premiums.

• Look for discounts that you may qualify for. Insurance companies may offer discounts based on safe driving, having multiple policies with the company, or an affiliation, such as being a military member or a teacher.

• Compare car insurance rates. Shopping around can help you find the best rates for your situation. Check out prospective rates from multiple insurers to make the search easier.

Minimum car insurance requirements in Colorado

Minimum liability car insurance requirements vary by state. In Colorado, you need to maintain the following car insurance coverage:

These requirements cover you if you’re found at fault for bodily injury, death, or damage to another party’s vehicle. While this is the minimum requirement, it only covers the other party if you’re found at fault and doesn’t cover your own property or injuries, which is where additional insurance coverage like collision, comprehensive, and medical payments protection can help.

Liability-only vs. full-coverage insurance in Colorado

Liability auto insurance is required in Colorado, though it only pays for damages or injuries to other parties. This coverage alone may make sense if your vehicle is older than 10 years and has little long-term value.

If you need higher levels of coverage, you can look into full-coverage insurance, collision, and comprehensive coverage. Collision insurance covers your vehicle in accidents or hitting other objects, while comprehensive covers damage due to other events like weather or theft.

Here’s a look at the cheapest auto insurance in Colorado by policy type. All insurers below are more affordable than the average of $233 per month for car insurance in Colorado. 

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Colorado car insurance rates by driving and accident history

Your driving history can affect your car insurance premiums. If you have a clean record, you’ll get the lowest rates, but drivers with speeding tickets or at-fault accidents will end up paying more. Colorado drivers with a driving under the influence (DUI) charge will pay the most.

Here’s a look at average monthly quotes for the cheapest car insurance in Colorado based on driving and accident history.

SR-22 insurance in Colorado

If you’ve been convicted of a DUI, you may need to have your insurer file an SR-22.

An SR-22 is a form your insurance company files with the department of motor vehicles (DMV) to verify that you’re carrying the state’s minimum auto insurance coverage. Failure to keep this form up to date could cause your license to be suspended.

If you purchase liability insurance and you require an SR-22, this form must be filed with the Colorado Department of Motor Vehicles. Not every insurer supports people who need to file an SR-22, but you can find coverage in Colorado through several insurers, including:

• American National

• Southern Farm Bureau

• GEICO

• USAA

• Grange

Colorado car insurance quotes by credit tier

Several states allow insurers to factor in your credit score when calculating your car insurance rates, and Colorado is one of these states.^[9] Your credit score shows how well you manage your finances and if you pay your bills on time. A good credit score ranges from 670 to 739, but the higher your credit score, the better your options will be.

The table below shows what you can expect to pay each month based on your credit tier in Colorado.

Car insurance quotes in Colorado cities

Car insurance rates can vary by city within Colorado. Some larger cities may have more traffic or a higher number of accidents, leading to higher car insurance rates. Cities that experience more theft or vandalism can also see higher insurance rates.

Here are the average monthly quotes for car insurance in 11 Colorado cities.

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Colorado car insurance rates by driver age

Young drivers, especially teen drivers, have a higher likelihood of getting into a fatal accident, according to the Centers for Disease Control and Prevention. As such, your age can affect your car insurance rate, as insurers consider certain age groups more likely to file a claim.

As you can see from the table below, teenagers in Colorado pay the highest rate for car insurance. Rates drop further in the 20s and 30s age bracket and mostly trend downward.

Colorado car insurance FAQs

Insurify Insights

How Colorado Drivers Measure Up

While most drivers know that car insurance quotes are determined in part by your personal driving history, many may be unaware that rates are also impacted by the average risk of the drivers around you as well. Check out Insurify's latest analysis of driving records in Colorado below:

Methodology

Drawing from an internal database of over 4 million car insurance applications, the research team at Insurify analyzes patterns in car ownership and driver behavior - including how Colorado drivers measure up to their fellow motorists across the United States in areas including speeding, DUIs, and more.
Insurify Insights publishes data-driven articles, trend analyses, and national rankings each week on all factors related to cars and those who drive them.

Ford F-Series Pickup

Most Popular Car in Colorado

#7

State with the Most Speeding Tickets Rank

#8

State with the Moving Violations Rank

#12

State with the Most DUIs Rank

#18

State with the most Suspended Licenses

• Accidents in Colorado

  While car accidents are a sadly unavoidable feature of time spent on the road, rates of accidents do vary from city to city and from state to state. Colorado is the #15 state in the country for drivers with an at-fault accident on their driving record.

  • Rank among states: #15
  • Percent of drivers in Colorado with an accident: 9.6%
• DUIs in Colorado

  While driving while intoxicated is never acceptable, it’s a more common offense than many assume. Colorado is the #12 state in the country for drivers with a prior drunk driving conviction.

  • Rank among states: #12
  • Percent of drivers in Colorado with a DUI: 2%
• Reckless Driving in Colorado

  Reckless driving refers to a specific traffic violation: when drivers willfully act dangerously in spite of the risks they’re imposing on both themselves and others. Colorado is the #13 state in the country for drivers with a reckless driving offense on record.

  • Rank among states: #13
  • Percent of drivers in Colorado with a reckless driving offense: 1.7%
• Rude Driving in Colorado

  The Insurify team classifies rude drivers as those who commit one or more of the following driving offenses: failure to yield or failure to stop, improper backing, passing where prohibited, tailgating, street racing, or hit-and-run. Colorado is the #11 state in the country for drivers with a rude driving violation on record.

  • Rank among states: #11
  • Percent of drivers in Colorado with a rude driving violation: 2%
• Speeding in Colorado

  Exceeding the speed limit can endanger others and have a serious impact on your insurance costs. Colorado is the #7 state in the country for drivers with a speeding ticket on record.

  • Rank among states: #7
  • Percent of drivers in Colorado with a speeding ticket: 11.4%
• Failure to Yield Rates in Colorado

  Failing to yield the right of way isn’t just frustrating for other drivers; it’s dangerous, too. Colorado is the #10 state in the country for drivers with a failure to yield violation on record.

  • Rank among states: #10
  • Percent of drivers in Colorado with a failure to yield violation: 0.2%

Insurify Insights

Insurify's team of data scientists and content specialists presents Insurify Insights, a series of automotive, home, and health studies focusing on the topics that impact us all. through expert analysis of over 4 million car insurance applications and an array of top data sources, the Insurify Insights team produces new data-driven articles, trend analyses, regional superlatives, and national rankings every week. See Insurify Insights as featured in Forbes, Fox News, USA Today, NPR, and more.