Best Auto Insurance Rates in Colorado

On average, your neighbors pay $71 a month.

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Compare Auto Insurance in Colorado

The elevation in Colorado is high, but your insurance rates don’t have to be. This useful insurance information can help Coloradans find the best car insurance rates.

Find out how your rates stack up, how to get better rates, and more.

Average Colorado Car Insurance Rates

How much is car insurance in Colorado? On average, insurance in Colorado costs $857.44 per year. The national average annual cost is $889.01.

Prices will vary depending on policy limits, coverage, and local claim rates. On average, Coloradans pay a bit less for car insurance than most Americans.

Colorado Average Annual Car Insurance Rates
Coverage Rates
Liability $520.04
Collision $287.00
Comprehensive $174.61
Total Cost Per Year $857.44
Price Per Month $71.45

The graph below shows the change in Colorado's average auto insurance rate from 2011 to 2015, the most recent year the data is available. According to the III, Colorado car insurance rates increased from $728 in 2011 to $855 in 2015, a jump of $127, or 17.45 percent.

Colorado average car insurance rates

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

QuoteWizard can help. We’ll connect you to top auto insurance companies. You can find a great policy without breaking the bank.

Last year, 42,046 people used QuoteWizard to compare car insurance quotes in Colorado from multiple companies.

Top 10 Vehicles in Colorado

These are the most common cars owned by Colorado-based QuoteWizard users:

  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
Get a quote for your vehicle. Request Quote Get a Quote For Your Vehicle

Best Car Insurance Companies in Colorado

These are the most common car insurance companies reported by QuoteWizard users in Colorado. Out of the 42,046 Coloradans that used QuoteWizard to request insurance quotes last year, 5,056 had no car insurance.

What company suits your needs best? You can study them side by side on our compare page. We've compiled guidelines for the 30 biggest insurance companies in America. Getting educated is the first step to getting the right policy.

Best High Risk Insurance Companies

Are you a Colorado resident in search of high-risk insurance? You can find coverage through the Colorado Motor Vehicle Insurance Plan (CO AIP). This is a state-sponsored plan that helps high-risk drivers get a policy.

CO AIP requires insurance companies to cover a set amount of high-risk drivers. Insurers must cover a percentage of high-risk drivers that is equal to their market sure. So, for example, if GEICO covers 10 percent of all Colorado drivers, they must also cover 10 percent of the state's high-risk drivers.

Insurers may balk at covering high-risk drivers because it can cost them money. But Colorado's approach means the risk of covering such drivers is shared by every company. It also means that Coloradans can usually buy high-risk insurance from any company, rather than a high-risk insurer.

With that in mind, these companies offer high-risk insurance policies:

Best Rideshare Insurance Companies

Colorado was the first state to formally authorize rideshare companies. That legislation includes insurance requirements. Under state law, drivers must have minimum liability coverage while working for Uber or Lyft.

Uber and Lyft cover drivers when they have a passenger in the car. But when drivers are en route to a passenger, they aren't covered by Uber or Lyft's insurance. Since they're technically working, their personal insurance policy probably won't cover them, either. That leaves rideshare drivers unprotected during part of their day.

That's where rideshare insurance comes in. It bridges the gap between personal insurance and Uber and Lyft's company insurance. And fortunately, it's pretty cheap.

These companies offer rideshare insurance in Colorado:

Colorado Rideshare Insurance Companies and Rates
Company Cost/Rates
Allstate $20 / Year
Farmers $15 / month
GEICO $13 / month
American Family $23 / month
Metlife Cost Per Mile
State Farm $20 / Month
USAA $6 / Month
Safeco $10 / Month
Travelers Get A Quote
Cost/Rates: "The rates displayed are estimated costs. Drivers rates can vary based on location, driving record and vehicle"

Best Teen Driver Insurance Companies

Teenage drivers pay the highest insurance rates of any age group. Why? Simply put, they make mistakes behind the wheel. Between car accidents and citations, teens are a big liability for insurance companies.

Our research shows that teen drivers pay an average of $438 a month for an individual policy. That number drops to $278 to add a teen to their parent's policy. Even then, that's a substantial amount.

These insurance companies offer great policies for Colorado teen drivers:

Colorado State Auto Insurance Laws

Car Insurance Minimum Coverage

US drivers are required to carry a minimum level of insurance. Those levels vary from state to state. Colorado drivers must follow the 25/50/15 rule with their insurance policies.

This means that any policy must include at least:

  • $25,000 for bodily injury or death of one person in one accident
  • $50,000 for bodily injury or death of any two people in one accident
  • $15,000 for injury or destruction of property of others in one accident

These coverage levels are required by state law. Remember, you can purchase plans that offer more coverage. If you're financing your car, your lender may require you to add collision and comprehensive coverage.

Though Colorado only requires 25/50/15 coverage, it's not a great idea to have minimum coverage.

Recommended Coverage Levels

While minimum coverage is cheaper in Colorado, it becomes more expensive if you file a claim. Why? Minimum coverage does not include comprehensive or collision coverage. It's easy to exceed minimum coverage levels after an accident. You can end up with substantial out-of-pocket costs if you exceed your coverage.

Minimum coverage pays for damages to other people, their car, and their property. Minimum coverage does not cover you, your injuries, or your property. If you have minimum coverage and you cause an accident, you're on the hook for your expenses.

Collision coverage pays for damages to your car after an accident. Comprehensive coverage pays for damages that don't involve another car. That includes natural disasters, falling tree branches, theft, and vandalism. With Colorado's snowy winters, collision and comprehensive coverage are a good bet.

With that in mind, we recommend that Colorado drivers buy the following coverage:

  • Individual Body Injury Liability: $100,000
  • Total Bodily Injury Liability: $300,000
  • Property Damage Liability: $100,000

If you can afford it, buy comprehensive and collision coverage. You should choose a reasonable deductible. Also consider uninsured/underinsured coverage. This covers damages caused by drivers who have little or no insurance. Finally, medical payment coverage and personal injury protection covers medical costs after an accident.

Required Proof of Car Insurance

All drivers in Colorado must be prepared have proof of car insurance. Proof of insurance is also required when registering your car. There are many acceptable forms of proof of insurance in Colorado.

Failure to show valid proof of insurance is a traffic infraction. Traffic infractions can cause your insurance rates to rise. In Colorado, penalties for failing to show proof of insurance include adding four points to your license. Getting points on your license correlates with insurance rate hikes.

Colorado drivers saved up to $383 on their car insurance policies by comparing rates through our simple form.
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SR-22 Requirements

Colorado residents with driving violations may need an SR-22. What's an SR-22? This document that proves you have liability coverage. It's often required after these charges:

  • Reckless driving
  • Driving uninsured
  • DUI

“SR” stands for safety responsibility, and it proves that a driver has the legally required amount of insurance. In Colorado, the minimum amount required for an SR-22 is 25/50/15. An SR-22 requirement almost guarantees an insurance rates raise.

Colorado law requires drivers to maintain an SR-22 for at least 36 months. If a driver fails to renew their policy before expiration, it can lead to a license suspension. An SR-22 is costly and time-consuming.

State of Colorado Traffic Safety Laws

Distracted Driving Laws

Distracted driving is increasingly common. According to the NHTSA, 391,000 people were injured due to distracted driving accidents in 2015. In Colorado, it's illegal to text while driving. Citation fees are $56 for the first violation and $106 for the second. These citations go on your driving record. That, in turn, raises your insurance rates.

Colorado drivers between the ages of 16 and 17 may not use cell phones at all except in an emergency. Drivers with full licenses in Colorado can make and receive calls while driving -- but no texting.

Expressed Consent Law

This law says that drivers suspected of impaired driving must consent to a blood test. Refuse the test and you’ll face license suspension.

DUI & DWAI Law and Penalties

If you drive in Colorado with a BAC of 0.08% or higher, you are guilty of DUI. If your BAC is between 0.05% and 0.08%, you can be charged with Driving While Ability Impaired (DWAI).

Colorado legalized marijuana in 2012. Police in the state are trained to test drivers for marijuana impairment. If you have five nanograms of THC in your system, you can be charged with a DUI.

The penalties for a first offense DUI or DWAI 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

Punishment increases with each subsequent infraction. In addition to court fines, jail time, and lawyer fees, your insurance rates are going to skyrocket. Our research shows that drivers can expect to pay $830 more per year for car insurance after a DUI.

Senior Drivers in Colorado

Car insurance rates often increase around the time drivers turn 65. It's a small increase for drivers with clean records.

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 online. They must also show proof of a successful vision exam within the last 6 months.

Vehicles Registered in Another State

Do you drive a car in Colorado that's registered in another state? If so, you must have the type of insurance required by that state. You must be able to provide proof of this insurance to law enforcement.

Car Insurance Risk in Colorado

Traffic Fatalities

Colorado traffic fatalities have risen by 24 percent since 2014. Colorado's Department of Transportation attributes the spike in driving deaths to a larger trend. This trend has national fatality rates up 8 percent.

  2012 2013 2014 2015 2016
Fatalities 447 472 481 547 605

Vehicle Thefts

Colorado's vehicle theft rate rose by nearly 30 percent from 2014 to 2015. 14,859 car thefts were reported in the state 2015. That amounts to about $88.7 million in losses.

According to the RMIIA, these were the areas in Colorado with the highest car theft rates in 2015:

  1. Denver – 4005 thefts
  2. Colorado Springs – 1491 thefts
  3. Aurora – 1182 thefts
  4. Pueblo – 815 thefts
  5. Lakewood – 743 thefts
  6. Adams County – 578 thefts
  7. Thornton – 568 thefts

If you live in one of these areas, you may face higher insurance rates.

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.

According to the NICB 2016 Hot Wheels Report, these are the most commonly stolen cars in Colorado:

  1. 1997 Honda Accord
  2. 1998 Honda Civic
  3. 2006 Ford Pick-up
  4. 2000 Jeep Grand Cherokee
  5. 2000 Chevrolet Pick-up
  6. 2001 Dodge Pick-up
  7. 2004 Subaru Impreza
  8. 2001 Subaru Legacy
  9. 1997 Toyota Camry
  10. 2002 Ford Explorer

Uninsured Motorists

According to a 2015 study by the III, 13.3 percent of Colorado drivers were uninsured. That’s the 19th worst percentage in the country. Colorado drivers may face higher rates because of this fact.

The Cost of Driving in Colorado

Average Colorado Car Insurance Rates

The average cost of car insurance in Colorado is $857.44. The national average is $889.01. Colorado is ranked the 18th most expensive state for car insurance.

Fuel Taxes

As of July 2017, Colorado taxes gasoline at 22 cents per gallon. The Federal fuel tax is 18.4 cents per gallon. Coloradans pay 40.4 cents per gallon in taxes every time they fill their tanks.

Save Money With Discounts

Want cheaper car insurance? There are many auto insurance discounts Colorado drivers can use. Get a quote and find potential discounts.

  1. Buy a new car. You can earn a new car discount from many insurance companies.
  2. Drivers 55 and up can qualify for age discounts.
  3. Drop comprehensive coverage from your policy.
  4. Did you get married? Insurance companies often offer discounts to married drivers.
  5. Avoid tickets or accidents. People with clean driving records earn lower insurance rates.
  6. Live in a safe area with low crime rates. Drivers in neighborhoods with bad crime and lousy driving conditions file more claims.
  7. Get a car with modern safety features or anti-theft devices.
  8. Bundle your auto policy with homeowners or renters insurance. Bundling can earn you discounts of 15%.
  9. Enroll in a defensive driving course at a certified driving school.
  10. Shop around and compare cheap car insurance quotes in Colorado.

Colorado Department of Insurance - DORA

Colorado DOI Home Page
Insurance Commissioner:
Marguerite Salazar
1560 Broadway, Suite 850
Denver, CO 80202
(303) 894-7499
Toll Free:
(800) 930-3745

File a Consumer Insurance Complaint

Online Form
(303) 894-7490

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