How to Compare Car Insurance Quotes 2024
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LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

Cheapest Car Insurance in Colorado (2024)

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Content was accurate at the time of publication.

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.

Find the Cheapest Car Insurance Quotes in Your Area

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.

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

CompanyAverage 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

Rates are for full-coverage car insurance for a 30-year-old male with a clean driving record. *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.

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

CompanyAverage 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

Rates are for liability-only car insurance for a 30-year-old male with a clean driving record. *USAA is only available to military members and their families.

Also known as “standard car insurance,” liability car insurance covers injuries and property damage you cause to others in an accident.

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

CompanyAverage 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

Rates are for liability-only car insurance for an 18-year-old male with a clean driving record. *USAA is only available to military members and their families.

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.

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

CompanyAverage 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

Rates are for full-coverage car insurance for a 30-year-old male with one speeding ticket. *USAA is only available to military members and their families.

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.

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

CompanyAverage 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

Rates are for full-coverage car insurance for a 30-year-old male with one accident. *USAA is only available to military members and their families.

Find the Cheapest Car Insurance Quotes in Your Area

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

CompanyAverage 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

Rates are for full-coverage car insurance for a 30-year-old male with one DUI. *USAA is only available to military members and their families.

In Colorado, a DUI stays on your driving record for 10 years. During this time, you will see higher car insurance rates.

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

CompanyAverage 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

Rates are for full-coverage car insurance for a 30-year-old male with poor credit. *USAA is only available to military members and their families.

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.

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

CityAverage 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

Rates are for full-coverage car insurance for a 30-year-old male with a clean driving record.

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