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.
How much is car insurance in Colorado? On average, auto insurance in Colorado costs $777.74 per year. The national average annual cost is $841.23.
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.
|Total Cost Per Year||$777.74|
|Price Per Month||$64.81|
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.
These are the 10 most common vehicles owned by Colorado drivers requesting car insurance quotes through QuoteWizard in the past year.
This is our list of the 10 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.
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:
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.
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:
Failure to show valid proof of insurance is a traffic infraction. Knowingly providing false evidence of insurance coverage is a misdemeanor.
If you can’t prove that you meet the minimum Colorado insurance requirements, you could face the following penalties:
First time offenders will have their license suspended until they can show proof of insurance. Subsequent offenses will result in an 8-month suspension.
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:
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.
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.
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:
Refuse the test and you’ll face the following penalties:
Probationary driver’s licenses may not be obtained.
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:
The penalties for a second offense DUI or DWAI conviction are:
The penalties for a third offense DUI/DWI conviction are:
The penalties for a fourth or subsequent offense DUI or DWAI conviction are:
The penalties for a DWAI with a previous DUI conviction are:
The penalties for a DUI with a previous DWAI conviction are:
In addition to court fines, jail time, lawyer fees, and community service, your insurance rates are going to skyrocket.
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.
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:
Young drivers will also need to pass a written permit test. Drivers passing the test will qualify for various permits depending on their age:
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:
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.
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.
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 average cost of car insurance in Colorado in 2013, the most recent year for which data was available, was $777.74 compared to a national average of $841.23. Colorado is ranked the 23rd most expensive state for car insurance.
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.
In 2013, there were 481 traffic fatalities in Colorado, a 1% increase from the state’s 472 traffic fatalities in 2012.
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.
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
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.
|2||9.2%||Farmers Insurance Group|
|4||9.1%||USAA Insurance Group|
|5||8.6%||Berkshire Hathaway Inc.|
|6||8.3%||American Family Insurance Group|
|8||2.1%||Nationwide Mutual Group|
|9||2.0%||Hartford Financial Services|
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