How Much Does Car Insurance Cost In Colorado?

On average, drivers pay $253 per month for car insurance in Colorado, according to 2021 rates.

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Average Cost of Car Insurance in Colorado

A trip through Colorado might tempt you to see the grasslands in the Great Plains, stand on the Four Corners, or peer up at Mount Elbert, the state's tallest peak. Most Coloradans push their love of nature to the weekends and commute to work and school during the week.

More than 62 percent of the Centennial State's 5.8 million people live in the Greater Denver metropolitan area. Maybe it's all the activity that makes Colorado the 17th most expensive location for car insurance in the U.S.

0.1%2.3%15.9%50%84.1%97.7%99.9%Average cost: $25350%

Insurify's comparison tool will help you make sure you're getting the best possible quote based on your needs and location. You can have peace of mind you're not paying any more than the average price in your state, and customers save $48 per month on average.

What Is the Average Cost of Car Insurance in Colorado by Age?

Even the most enterprising teenagers will have trouble coming up with $434 without some help from mom and dad. That’s the average monthly cost of car insurance for teenagers in Colorado. Twentysomethings do a little better, seeing a $150 drop once they add more driving experience.

Coloradans in their 30s, 40s, and 50s get a deal that sneaks below the state average. Zoom past retirement to the folks in their 70s for the best rates. Seven decades earns you a price that's less than half of what the teenagers pay. Past 80, the rate pops back up, though it’s still much lower on average than the rate for teens.

AgeAvg. Monthly Rate
Teens$434
20s$281
30s$223
40s$224
50s$210
60s$196
70s$190
>80s$218

What Is the Average Cost of Car Insurance in Colorado by Gender?

Men pay seven percent more than women in the Centennial State. This discrepancy is due to the fact that women drive more safely than men do. Men also tend to buy bigger, more expensive vehicles, which increases their average rates.

GenderAvg. Monthly Rate
Male$263
Female$245

Does Marital Status Influence the Average Cost of Car Insurance in Colorado?

Maybe $180 a year is enough of a reason for you to flip from single to married (but probably not!). That’s the discrepancy between the average monthly car insurance rate for single and married drivers in Colorado.

The economists and financial experts argue that married folks have a higher average net worth and greater stability. That's a practical reason to fall in love, but the romance will probably come from somewhere other than your car insurance bill.

Marital StatusAvg. Monthly Rate
Married$243
Single$258

What Are the Minimum Car Insurance Requirements in Colorado?

Colorado law requires liability insurance to cover injuries and property damage caused to others. You must have $25,000 in bodily injury liability per person and $50,000 per accident, and $15,000 in property damage liability per accident. To cover your car, pick up comprehensive and collision coverage.

colorado

How Does Credit History Affect Colorado Car Insurance Rates?

Does your credit have anything to do with the way you drive? Maybe not, but your credit score does impact the cost of your car insurance in Colorado.

If you look at the data, you’ll see that drivers with good credit pay more than those with average credit, and those with average credit pay more than those with poor credit. What's going on? Drivers with better credit can finance more expensive cars and afford higher levels of coverage, which increases their average insurance costs. But even with that fact, getting your credit score above 800 will save you $27 per month over the state average. That's "excellent."

Credit HistoryAvg. Monthly Rate
Poor$243
Average$248
Good$259
Excellent$226

What Is the Average Cost of Car Insurance in Colorado for High-Risk Drivers?

"Safety first" is not just a mantra that saves lives. It also saves money. Common sense tells us that the safest drivers will pay the least, and safe drivers qualify for "good driver" and "accident-free" discounts. But what if your record is less than perfect?

Drivers with a speeding ticket in Colorado will pay $30 more per month on average—plus fines. Drivers with an at-fault accident on their insurance record should expect to see monthly rates increase by around $26. Accidents happen, but driving safely and keeping a clean record are the best ways to avoid rate hikes. Remember, violations and accidents will stay on your insurance history for years to come. Still, you can still take a defensive driver course to reduce your monthly payment.

Driving HistoryAvg. Monthly Rate
No Violation$242
At-Fault Accident$268
Speeding$272

Tips for Researching Colorado Car Insurance Rates

The Centennial State's prices and premiums differ by location, company, and vehicle. Colorado was in the top 10 for population growth over the last decade as of 2019, and the people keep coming. Will insurance prices also rise? Coloradans hope not.

If you desire the best deal, try Insurify’s comparison tool. You'll generate 10+ real quotes and unlock savings and discounts. In less than two minutes, you can find the coverage you deserve at a price you can afford.

FAQs - Colorado Car Insurance

Why is car insurance so expensive in Colorado?

There are many different factors that go into the how expensive your car insurance is. That said, some of the reasons why you could be paying so much for your insurance include: living in a state with high minimum insurance requirements, being a young or new driver, committing past traffic offenses like at-fault accidents or DUIs, and having a low credit score.

Do car insurance rates vary by county in Colorado?

Auto insurance costs will vary between locations and insurance carriers, depending on the county Colorado. Insurify analyzed the latest data for the five most populous cities in Colorado to find you the cheapest quotes in each of these metropolitan areas.

Which providers have the best auto insurance ratings in Colorado?

'The way to find the carrier with the best auto insurance ratings in Colorado and save on your insurance premiums is to compare quotes from all companies in your area. Use a car insurance quotes comparison site like Insurify to compare up to 10+ real quotes for your specific driver profile and unlock savings and discounts. Rates can fluctuate greatly based on whether you''re a safe driver or a high risk one, but you should never overpay. Insurify provides the cheapest car insurance quotes and companies in your area in just a few seconds.'

How much do annual auto insurance rates increase in Colorado?

During the past three years in the United States, national premium costs have risen an average of 4.5 percent annually. In states where quotes have risen, this figure has been 7.8 percent; and in those where rates have fallen, prices have decreased by approximately 6.0 percent. Individual rates by state will of course vary depending on the driver’s history and a multitude of factors.