Best Auto Insurance Rates in Colorado

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Where to Get the Best Cheap Car Insurance in Colorado (2021)

State Farm and USAA are the cheapest car insurance companies in Colorado, according to QuoteWizard research. State Farm offers Colorado drivers full-coverage car insurance for $126 per month, on average, while USAA offers minimum-coverage car insurance for an average of $65 per month.

Of course, what you pay for car insurance depends on several factors, including your driving record, your vehicle and your age. As a result, Nationwide may be your best option for cheap car insurance in Colorado, or it might be GEICO or Allstate.

Keep reading to learn more about Colorado’s:

How much is car insurance in Colorado?

Minimum-coverage car insurance costs $99 per month in Colorado, on average. Full-coverage car insurance costs an average of $126 per month in the Centennial State.

A full-coverage car insurance policy usually includes liability, collision and comprehensive coverages. 

  • Liability coverage pays for damage and injuries you cause to other people and their property.
  • Collision coverage pays to repair or replace your vehicle if it’s damaged or destroyed in an accident.
  • Comprehensive coverage pays for damage to your vehicle caused by events like natural disasters, falling objects and theft.

Whether you opt for minimum or full coverage, where you buy a car insurance policy often has a big impact on how much it costs. Some companies, like Nationwide, State Farm and USAA, may offer you a premium that is cheaper than the state averages highlighted above. Other insurers may charge rates that are more expensive.

Where can I get cheap car insurance in Colorado?

USAA is the best company for cheap liability car insurance in Colorado, with an average monthly premium of $65. This is $34 per month less than the average cost of liability coverage in Colorado, which is $99 per month.

Nationwide and State Farm also offer cheap liability-only car insurance to Colorado drivers. Both offer an average premium of $69 per month, based on our data.

Cheapest liability car insurance in Colorado
Company Average monthly premium
USAA $65
Nationwide $69
State Farm $69
Farm Bureau $73
Allstate $86
State average $99
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

State Farm is the best company for cheap full-coverage auto insurance in Colorado, with an average monthly premium of $126. This is $57 per month less than the average cost of a full-coverage policy in Colorado, which is $183 per month.

USAA and Nationwide offer cheap full-coverage policies to drivers in Colorado, too. USAA’s average monthly premium is $135, while Nationwide’s is $145.

Cheapest full-coverage car insurance in Colorado
Company Average monthly premium
State Farm $126
USAA $135
Nationwide $145
Allstate $156
Farm Bureau $158
State average $183
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Cheapest car insurance rates in Colorado by age

As is true in every state, young drivers pay more for car insurance than older drivers in Colorado. The average 17-year-old driver pays $341 per month for a liability-only car insurance policy. The average 30-year-old driver pays about a fourth of that, or $95 per month.

 
 

Best car insurance companies in Colorado by age group

If you’re a teen driver in Colorado and you want the minimum amount of car insurance the state requires, USAA and State Farm are your best options for cheap coverage. USAA offered our sample teen driver an average monthly rate of $166 for a state-minimum policy, while State Farm’s average monthly rate was $174.

Cheapest minimum car insurance by age group
Age group Cheapest company Runner-up
Teens USAA State Farm
20s GEICO State Farm
30s State Farm USAA
40+ State Farm Farm Bureau
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Older drivers may get better and cheaper car insurance rates from other companies that serve Colorado, according to our analysis. A case in point: we found that GEICO offers the cheapest rates to Colorado drivers in their 20s, with an average rate of $88 per month for minimum coverage.

Cheapest full-coverage car insurance by age group
Age group Cheapest company Runner-up
Teens State Farm USAA
20s State Farm GEICO
30s State Farm Progressive
40+ State Farm Progressive
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

State Farm is your best option for cheap full-coverage car insurance in Colorado, regardless of your age. For example, State Farm offered our sample teen driver an average monthly rate of $326 for a full-coverage policy, and it offered our sample driver in their 30s an average rate of $101 per month.

GEICO, Progressive and USAA also offer cheap full-coverage auto insurance to Colorado drivers, so consider them when shopping for a policy and comparing quotes.

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Where to get cheap car insurance in Colorado for drivers with prior incidents

Age isn’t the only factor that impacts how much car insurance costs. Your driving record plays an important role in determining your premium, too. In particular, if you have speeding tickets, at-fault accidents or DUIs on your record, you can expect to pay more for car insurance than you would otherwise.

It is possible to find cheap car insurance with one or more incidents on your driving record, though — especially if you get coverage from the following companies.

Cheapest car insurance for drivers with a DUI: State Farm

State Farm is the best insurance company for Colorado drivers who have a DUI on their records. It offered our sample driver an average premium of $152 per month for full-coverage car insurance after a DUI. This is just $26 per month more than what it charges Colorado drivers with clean records.

Cheap car insurance in Colorado after a DUI
Company Monthly premium before DUI Monthly premium after DUI Difference
State Farm $126 $152 $26
Allstate $156 $207 $51
Farm Bureau $158 $212 $54
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Cheapest car insurance for drivers after an accident: Farm Bureau

Farm Bureau is the cheapest car insurance in Colorado if you have an at-fault accident on your driving record. It offered our sample driver with an accident a full-coverage policy for $180 per month, on average. That is only $22 more per month than it charges drivers with no accidents or incidents.

Cheap car insurance in Colorado after an accident
Company Monthly premium before accident Monthly premium after accident Difference
Farm Bureau $158 $180 $22
State Farm $126 $189 $63
USAA $135 $195 $60
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Cheapest car insurance for drivers after a speeding ticket: Farm Bureau and State Farm

Farm Bureau and State Farm are the best companies for cheap car insurance in Colorado if you have speeding tickets on your record. Both insurers offered our sample driver a full-coverage policy with an average monthly premium of $165.

Cheap car insurance in Colorado for speeding tickets
Company Monthly premium before accident Monthly premium after accident Difference
Farm Bureau $158 $165 $7
State Farm $126 $165 $39
USAA $135 $170 $35
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

What are the best car insurance companies in Colorado?

Allstate is the best auto insurance company in Colorado if customer service and satisfaction are as important to you as low rates.

Allstate received a score of 822 in J.D. Power’s 2020 U.S. Auto Insurance Satisfaction Study, where the regional average is 832 and higher scores are better than lower ones. It also earned a score of 0.63 in NAIC’s 2020 Complaint Index. That means customers filed fewer complaints against the company with state regulators than would be expected in the market.

Company J.D. Power 2021 U.S. Auto Insurance Satisfaction Study 2020 NAIC Complaint Index
Allstate 822 0.63
Farm Bureau N/A 0.70
State Farm 847 0.70
USAA 863 0.98
Note: J.D. Power assesses overall customer satisfaction on a 1,000-point scale. The NAIC Complaint Index is the rate at which customers file complaints to their state regulators. The median Complaint Index is 1.0.

Auto insurance requirements in Colorado

Colorado requires all vehicle owners to have a minimum of 25/50/15 liability car insurance coverage. This means Colorado drivers must carry at least:

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

SR-22 insurance 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.

An SR-22 proves you have at least the minimum amount of car insurance coverage the state requires.

Methodology

QuoteWizard conducted a comprehensive study of car insurance rates in Colorado using Quadrant Information Services. Unless otherwise stated, the quotes analyzed are for a single, 30-year-old male with a clean driving record. He operates a 2012 Honda Accord LX with an average annual mileage of 13,500 miles.

When discussing a full-coverage car insurance policy in this article, the driver had the following limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $100,000 property damage liability
  • $500 collision and comprehensive deductible

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