Best Auto Insurance Rates in Colorado

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Cheap Car Insurance in Colorado

American National offers the cheapest car insurance rates in Colorado, according to a QuoteWizard survey of the state’s providers.

Our data shows that the average Colorado driver pays $429 per year for full-coverage auto insurance if they get it from American National. And they pay $225 per year if they get the minimum amount of auto insurance the state requires from this Texas-based company.

Both amounts are far below the state averages for these types of car insurance. Based on our research, the average driver in Colorado pays $1,431 a year for full coverage and $769 a year for state-minimum coverage.

In this article, you’ll learn more about where you can find cheap car insurance in Colorado. You’ll also learn about:

Where can I get the cheapest auto insurance in Colorado?

American National offers the cheapest full-coverage car insurance in Colorado, with a $429 average annual premium. This is based on rates we recently collected for a typical driver. American National also offers the cheapest minimum car insurance in the state, with a $225 average annual premium.

A number of other companies offer affordable car insurance rates to Colorado drivers, too. Grange sent us a quote for state-minimum coverage that was $435 per year. And Acuity Mutual sent us a quote for the same type of policy that was $455 per year. Both quotes were more than $300 below what we found to be the state average for such coverage.

cheapest car insurance in colorado

In terms of full-coverage auto insurance, although American National led the pack here by a good margin, Auto-Owners and Colorado Farm Bureau also sent our sample driver affordable rates. The rate quote Auto-Owners sent us was for $1,013 per year. Colorado Farm Bureau’s quote was for $1,025 per year. Both quotes were more than $400 below the state average for full-coverage car insurance policies.

cheapest full-coverage car insurance in colorado

What about the companies that offered our driver rates above the state average? You still should consider them when you shop for car insurance. The quotes they sent our sample driver may be quite different from the ones they send you. This is because the cost of car insurance is determined by many rate factors, including where you live and what you drive. Your driving record plays an important role as well.

What are the best car insurance companies in Colorado?

American National, Auto-Owners and Grange offer the best car insurance rates in Colorado, according to our research.

American National is our top choice overall because we found it to offer the cheapest rates for state-minimum and full-coverage car insurance. Grange is our runner-up for cheap minimum car insurance, however, while Auto-Owners is our runner-up for cheap full coverage, which typically includes liability, collision and comprehensive protection.

American National: best value

American National offered our sample driver the cheapest rates for both minimum and full-coverage car insurance. For that reason alone, we think it’s the best option overall for Coloradans looking for affordable auto coverage.

The rate quote American National sent us for state-minimum coverage was $225 per year. That’s $544 less than the state average of $769 per year for this type of car insurance.

For full coverage, American National’s quote was $429 per year. This is $1,002 less than the state average of $1,431 per year — a difference of nearly $84 per month.

Grange: runner-up for cheap minimum coverage

Although the $435 average annual premium Grange offered us was $210 more than what American National offered, that was still good enough for it to take second place in our survey of Colorado auto insurance companies.

Also, Grange’s quote for minimum car insurance coverage was $334 per year less than the state average for this kind of coverage. That’s a difference of about $28 per month.

Auto-Owners: runner-up for cheap full coverage

None of the companies we surveyed for this article could compete with American National in terms of rate quotes for full-coverage auto insurance. Auto-Owners led the rest of the pack, though, with its offering of $1,013 per year.

That amount is $418 per year — or $35 per month — less than the state average for full coverage.

We found American National, Auto-Owners and Grange to be the best car insurance companies in Colorado, but none of them are among the state’s most popular car insurance companies.

According to data provided by S&P Global, American National, our top pick overall, writes 0.6% of Colorado’s car insurance policies. That puts it in 21st place in terms of state market share.

most popular car insurance companies in colorado

Auto-Owners, our runner-up for full-coverage car insurance, writes just under 1% of Colorado’s auto policies. That’s good enough for it to be ranked 13th in the state for market share. Grange, our runner-up for minimum coverage, writes 0.16% of the state’s auto policies, which puts it in 37th place.

What is Colorado’s most popular auto insurance company? State Farm. It writes 18% of the state’s policies. USAA, Progressive and Allstate are the state’s second, third and fourth most popular providers of car insurance. They write 13%, 11% and 9% of Colorado’s auto coverage, respectively.

What are Colorado’s auto insurance requirements?

Colorado requires all vehicle owners to carry at least a minimum amount of liability car insurance coverage.

Specifically, Colorado drivers need at least:

  • $25,000 of coverage for bodily injury or death to any one person in an accident.
  • $50,000 of coverage for bodily injury or death to all persons in any one accident.
  • $15,000 of coverage for property damage in any one accident.

SR-22 insurance requirements in Colorado

If the state suspends or revokes your driver’s license, you may have to file an SR-22 form with the Colorado Division of Motor Vehicles for three to five years after it’s reinstated.

Some states require people to file SR-22s after they suspend their licenses for:

  • Getting too many speeding tickets or other traffic citations.
  • Driving recklessly or being cited for another major moving violation.
  • Driving under the influence (DUI, DWI or DWAI).
  • Driving without car insurance.

An SR-22 form proves you are carrying at least the state-minimum amount of liability car insurance coverage.

Methodology

We conducted a comprehensive study of auto insurance rates in Colorado through Quadrant Information Services. The quotes we collected were for a 35-year-old male. He is single and has an excellent credit score and a clean driving record. He owns a 2012 Honda Accord and drives it 15,000 miles a year, on average. His car insurance policy has 100/300/50 coverage limits and a $1,000 deductible, where applicable.

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