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Compare Auto Insurance Quotes in Colorado to Get the Best Rates

Compare Auto Insurance Quotes in Colorado to Get the Best Rates

In Colorado, the elevation is high, but your insurance rates don’t have to be. Here at QuoteWizard, we’ve compiled useful insurance information from industry and government sources which Coloradans can use to find the best car insurance rates.

This page will show you which types of coverage are legally required in Colorado, inform you about important insurance laws, and provide you with both information about the cost of driving, and some insights about insurance risk in Colorado, all to help protect you and your family.

Average Colorado Car Insurance Rates

How much is car insurance in Colorado? On average, auto insurance in Colorado costs $821.19 per year. The national average annual cost is $866.31.

Car insurance rates in Colorado will vary depending on a driver’s policy limits, coverage, and the number and type of claims filed in their zip code. But, on average, Coloradans pay a bit less for car insurance than most Americans.

Colorado Average Annual Car Insurance Rates
Coverage Rates
Liability $500.72
Collision $270.86
Comprehensive $167.94
Total Cost Per Year $821.19
Price Per Month $68.43

Looking for car insurance in Colorado that provides the best coverage for an affordable rate? Shop around. Compare rates from a number of insurance companies.

QuoteWizard can help with that. We’ll connect you to top auto insurance companies so you can find a policy that protects you and your loved ones without breaking the bank.

Last year, 42,046 people used QuoteWizard to compare quotes from top companies and find the cheapest auto insurance rates in Colorado.

Top 10 Vehicles in Colorado

These are the most common vehicles owned by Colorado drivers requesting car insurance quotes through QuoteWizard in the past year.

  1. Ford F150
  2. Ford Ranger
  3. Honda Accord EX/LX
  4. Ford Explorer
  5. Jeep Grand Cherokee Laredo
  6. Chevrolet Silverado
  7. Chevrolet Blazer
  8. Ford Taurus
  9. Nissan Altima 2.5 S
  10. Honda Civic EX
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Best Car Insurance Companies in Colorado

This is our list of the most common car insurance companies reported by QuoteWizard users living in the state of Colorado last year. Out of the 42,046 Colorado drivers that used QuoteWizard to request insurance quotes last year, 5,056 had no car insurance.

  1. Geico
  2. Progressive
  3. Allstate
  4. Farmers
  5. Esurance
  6. Liberty Mutual
  7. Nationwide
  8. 21st Century
  9. AIG
Get a quote from some of these top rated insurers! Request Quote Get a Quote From Top Insurers

Colorado State Auto Insurance Laws

Car Insurance Minimum Coverage

Legally most US drivers are required to carry a minimum level of insurance, but those levels actually do vary from state to state.  In Colorado drivers need to follow what is known as the 25/50/15 rule when it comes to their insurance policies.

This means that any policy must include at least the following:

  • $25,000 of bodily injury or death of 1 person in any 1 accident
  • $50,000 of bodily injury or death of any 2 people in any 1 accident
  • $15,000 of injury to or destruction of property of others in any 1 accident

Remember you can purchase more inclusive plans that offer more coverage, but if you want the bare minimum required to keep you legal on the road, make sure your policy has the coverage above. And, if you’ve financed your car through a lender, they’ll require that you purchase collision and comprehensive coverage to protect their investment.

Required Proof of Car Insurance

All drivers in Colorado must be prepared to show proof of car insurance to law enforcement upon request. Proof of insurance will be required when registering or renewing the registration of motor vehicles. Any of the following are accepted as proof of insurance:

  • Insurance card from insurer
  • A copy of your insurance policy
  • A letter from your insurance company
  • Computer printout from insurer.
  • Facsimile of the proof of insurance.
  • Electronic image of proof of insurance card
  • Applicant’s insurer provided web based services
  • Electronic mail sent from the applicant’s insurer

Failure to show valid proof of insurance is a traffic infraction. Knowingly providing false evidence of insurance coverage is a misdemeanor.

Penalties

If you can’t prove that you meet the minimum Colorado insurance requirements, you could face the following penalties:

  • An appearance in court
  • A fine of at least $500
  • 4 points added to your driving record
  • Possible community service

First time offenders will have their license suspended until they can show proof of insurance. Subsequent offenses will result in an 8-month suspension.

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SR-22 Requirements

Colorado residents that have had their driver’s licenses suspended due to drunken driving convictions, reckless driving, driving uninsured or other violations must provide proof of financial responsibility by filing an SR-22 form. “SR” stands for safety responsibility and it certifies that a driver has the minimum amount of insurance required by state law. In Colorado, the minimum amount required to prove financial responsibility is:

  • $25,000 of bodily injury or death of 1 person in any 1 accident
  • $50,000 of bodily injury or death of any 2 people in any 1 accident
  • $15,000 of injury to or destruction of property of others in any 1 accident

Colorado state law requires that an SR-22 be carried for a minimum of 36 consecutive months. If a driver fails to renew their policy before expiration, a letter is sent to the state and the situation could result in the suspension of their license. In addition, the 3-year period will start over again. Once renewed, the license will be reinstated, but this can be a time-consuming process.

State of Colorado Traffic Safety Laws

Distracted Driving Laws

To combat rising numbers of distracted drivers on state roadways, the state of Colorado regulates how drivers use communication devices. These regulations make it illegal for anyone to write, send, or read text messages when operating a motor vehicle. If a police officer sees you texting while driving, they can pull you over and ticket you $56 for the first violation and $106 for the second or subsequent violations.

New drivers between the ages of 16 and 17 with learner’s permits or intermediate driver’s licenses may not use cell phones or hands-free technology at all except in an emergency. Experienced Colorado drivers with full driver's licenses are allowed to make and receive calls using either handheld or hands-free devices.

Expressed Consent Law

Colorado’s Expressed Consent law requires that any driver submit to testing to determine the alcohol or drug content of their blood, breath, or urine when arrested for:

  • Driving Under the Influence (DUI)
  • Underage Drunk Driving (UDD)
  • Driving While Ability Impaired (DWAI)
  • Being considered  a “habitual user” of controlled substances

Refuse the test and you’ll face the following penalties:

  • First Offense: 1-year driver’s license suspension with no possibility of obtaining early reinstatement
  • Second Offense: 2-year driver’s license suspension, early reinstatement possible after 12 months
  • Third Offense: 3-year driver’s license suspension, early reinstatement possible after 12 months

Probationary driver’s licenses may not be obtained.

DUI & DWAI Law and Penalties

If you drive or operate a motor vehicle in the State of Colorado with a Blood Alcohol Content (BAC) of 0.08% or higher, you are guilty of Driving While Under the Influence (DUI). If your BAC is between 0.05% and 0.08%, you can be charged with Driving While Ability Impaired (DWAI).

The penalties for a first offense DUI or DWAI conviction are:

  • Jail time of up to 1 year (DUI) or up to 180 days (DWAI)
  • Fines of up to $1,000 (DUI) or $500 (DWAI)
  • License suspension of 9 months (DUI), no suspension for DWAI

The penalties for a second offense DUI or DWAI conviction are:

  • Jail time of up to 1 year (DUI and DWAI)
  • Fines of up to $1,500 (DUI and DWAI)
  • License suspension for 1 year (DUI and DWAI)
  • Required installation of an ignition interlock device

The penalties for a third offense DUI/DWI conviction are:

  • Between 90 days and 1 year in jail
  • A fine of between $900 and $5,000
  • License suspension for 30 months
  • Required installation of an ignition interlock device

The penalties for a fourth  or subsequent offense DUI or DWAI conviction are:

  • Jail time of up to 1 year (DUI and DWAI)
  • Fines of up to $1,500 (DUI) or up to $1,000 (DWAI)
  • License suspension for 2 years (DUI and DWAI)
  • Required installation of an ignition interlock device

The penalties for a DWAI with a previous DUI conviction are:

  • Jail time between 60 days and 1 year
  • Fines totaling between $800 and $1,200
  • Between 52 and 104 hours of community service

The penalties for a DUI with a previous DWAI conviction are:

  • Jail time between 70 days and 1 year
  • Fines totaling between $900 and $1,500
  • Between 56 and 112 hours of community service

In addition to court fines, jail time, lawyer fees, and community service, your insurance rates are going to skyrocket.

Child Restraint Law

Children under 1 year of age or weighing less than 20 pounds must be restrained in rear-facing infant seats in the back seat of your car. Children between the ages of 1 and 3 or between 20 and 40 pounds are required to ride in child safety seats. Children between the ages of 4 and 7 must use booster seats. All other children between the ages of 8 and 15 are required to use seat belts or other safety harnesses. The minimum penalty for failing to properly restrain children is $82 for a first offense.

Graduated Driver’s License Program

Colorado has implemented a 3-tier graduated driver license program for young drivers beginning with a learner’s permit and ending with full driver privileges once all conditions are met.

Teens are allowed to apply for a learner’s permit once the following criteria are met:

  • They’re at least 15 years of age and enrolled in a driver’s education program
  • They’re at least 15 ½ years of age and are in a driver awareness program
  • They’re at least 16 years of age and aren't enrolled in a driver's education or driver awareness program

Young drivers will also need to pass a written permit test. Drivers passing the test will qualify for various permits depending on their age:

  • Younger than 15 ½ - Driver Education Permit
  • Between 15 ½ and 16 - Driver Awareness Permit
  • Between 16 and 21 - Minor Instruction Permit

Each of these permits expires after 3 years.

Once you’ve had your instruction permit for 12 months, you may take the driving test and apply for a Minor Driving License, which expires 20 days after your 21st birthday. This license has the following restrictions:

  • You may not carry non-family passengers under 21 years of age until you’ve had your license 6 months
  • You may not carry more than one non-family passenger under 21 years of age until you’ve had your license 1 year
  • You may not drive between the hours of 12 am and 5 am until you’re 18 or have had your license 1 year

Senior Drivers in Colorado

Colorado requires drivers to renew their driver's licenses every 10 years. Drivers 61 years of age and older must renew their licenses every 5 years. Drivers 66 years of age and older may no longer renew their licenses electronically and those renewing by mail must show that they’ve passed a vision exam within the last 6 months.

Seat Belt Laws

Colorado requires that anyone riding in the front seat who is 18 years of age or older wear a seat belt at all times. Passengers riding in the back seat of moving vehicles aren't required to wear seat belts unless they’re under 18 years of age. The maximum seat belt violation fine is $71 for a first offense.

Vehicles Registered in Another State

When you drive a vehicle in Colorado that’s required to be registered in another state, you must have the type of insurance required by that state. You must be able to provide proof of this insurance to law enforcement upon request.

The Cost of Driving in Colorado

Average Colorado Car Insurance Rates

The average cost of car insurance in Colorado in 2014, the most recent year for which data was available, was $821.19 compared to a national average of $866.31. Colorado is ranked the 21st most expensive state for car insurance.

Fuel Taxes

As of January 2016, the state of Colorado taxes gasoline at 22 cents per gallon. When added to the Federal fuel tax of 18.4 cents per gallon, residents of Colorado can expect to pay a total of 40.4 cents per gallon in taxes every time they fill their tanks.  Colorado taxes diesel fuel at 20.50 cents per gallon. When added to the Federal diesel tax of 24.4 cents per gallon, Coloradans will pay a total of 44.90 cents in taxes per gallon at the pump for diesel fuel.

Car Insurance Risk in Colorado

Traffic Fatalities

In 2013, there were 481 traffic fatalities in Colorado, a 1% increase from the state’s 472 traffic fatalities in 2012.

2010 2011 2012 2013
Total Fatalities 450 447 472 481

Vehicle Thefts

Colorado had 12,574 vehicle thefts reported in 2013, a .4% increase compared to 2013 when 12,524 vehicles were reported stolen. In 2014, the vehicle theft rate was 234.8 per 100,000, a slight decrease from the 2013 rate of 237.6 per 100,000.

The vehicle theft rate in Colorado is nearly the same as the overall US vehicle theft rate, which was 216.2 per 100,000 in 2014.

Top 10 Most Stolen Vehicles in Colorado

Some cars are more prone to theft than others, so be sure to check the list below to see if your car is a target on the streets.

Source: National Insurance Crime Bureau - Hot Wheels Report 2014

  1. 1997 Honda Civic
  2. 1996 Honda Accord
  3. 1997 Ford Pick-Up (Full Size)
  4. 1999 Chevrolet Pick-Up (Full Size)
  5. 2001 Jeep Cherokee/Grand Cherokee
  6. 1995 Acura Integra
  7. 2001 Dodge Pick-Up (Full Size)
  8. 1999 Toyota Camry
  9. 2002 Ford Explorer
  10. 1999 Subaru Legacy

Uninsured Motorists

In 2012 it was estimated that 16.2% of drivers on Colorado roads had no car insurance. This number is well above the national average of 12.6% and ranks Colorado 9th in the nation for uninsured motorists.

Top 10 Colorado Auto Insurance Companies - Market Share

Source:Insurance Information Institute 
Rank Market Share Company
1 10.1% Progressive Corp.
2 9.2% Farmers Insurance Group
3 9.1% Allstate Corp
4 9.1% USAA Insurance Group
5 8.6% Berkshire Hathaway Inc.
6 8.3% American Family Insurance Group
7 5.4% Liberty Mutual
8 2.1% Nationwide Mutual Group
9 2.0% Hartford Financial Services

Colorado Department of Insurance - DORA

Website:
Colorado DOI Home Page
Insurance Commissioner:
Marguerite Salazar
Address:
1560 Broadway, Suite 850
Denver, CO 80202
Phone:
(303) 894-7499
Toll Free:
(800) 930-3745
Email:
dora_ins_website@state.co.us

File a Consumer Insurance Complaint

Website:
Online Form
Phone:
(303) 894-7490
Email:
insurance@dora.state.co.us

Sources:

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