Cheapest Car Insurance in Colorado (2024)
- Expertise: Auto insurance, home insurance and renters insurance
- Education: Sonoma State University (BA in English)
Aaron Besson has worked at LendingTree for more than seven years and has been a staff writer for the last five years. He specializes in producing research-backed content about auto, home and renters insurance. Aaron enjoys the deep dig into insurance data to get the right answers to hard questions. His work has been cited by CBS, iHeart Radio, the Sacramento Bee and Yahoo.
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.
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 | LendingTree score |
|---|---|---|
 State Farm | $1,510 |  |
 Geico | $1,786 |  |
 Progressive | $2,020 |  |
 Auto-Owners | $2,424 | Not rated |
 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. Along with affordable rates, State Farm also offers a variety of discounts. Auto-Owners is the next-cheapest company at $563 a year. The average driver in Colorado pays $897 a year for liability-only car insurance.
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. Both companies have average rates that are a little over $1,000 less than what the average 18-year old driver pays 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. Both companies have average rates that are well-below the state average of $3,089 for Colorado drivers with a ticket.
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
The amount of car insurance you need to drive legally will depend on Colorado’s insurance requirements.
- $25,000 bodily injury coverage per person
- $50,000 bodily injury coverage per accident
- $15,000 property damage coverage
Methodology
LendingTree uses insurance rate data from Quadrant Information Services using publicly sourced insurance company filings. Rates are based on an analysis of hundreds of thousands of car insurance quotes for a typical driver. Your own rates may be different.
Unless noted otherwise, quotes are for a full-coverage policy for a 30-year-old man with good credit and a clean driving record who drives a 2015 Honda Civic EX.
Minimum-liability policies provide liability coverage with the state’s required minimum limits.
Full-coverage policies include collision, comprehensive and liability coverage:
- 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
Our team of insurance experts rated insurance companies based on several categories. These categories include average rates, discounts, coverage options, third party customer service ratings, and app / website experience. We weighted these categories based on what customers value in an insurance company.
For 3rd party customer service ratings, we included NAIC’s Complaint Index scores and financial strength ratings from A.M. Best. NAIC Complaint Index scores are used to determine how satisfied customers are with their claims, while financial strength ratings from A.M. Best reflect the ability to pay out claims.