Key Takeaways
- State Farm has the cheapest car insurance in Denver, charging $66 a month for minimum coverage and $116 a month for full coverage.
- Denver drivers pay an average of $198 a month for full coverage — slightly more than the statewide average of $190.
- For minimum coverage, Denver drivers pay an average of $113, which is also just above the statewide average.
In this article
The cheapest car insurance companies in Denver, CO
State Farm has the cheapest car insurance rates in Denver for most coverage and driver types, including:
- Full and minimum coverage
- Drivers with a prior incident
- Drivers with bad credit
- Young drivers
Does this mean State Farm will be the cheapest car insurance company for you? Possibly, but it’s also possible a different company will offer you the lowest rates for the coverage you need. This is because car insurance rates are based on several factors, including the kind of car you drive and your driving record.
To get your best and cheapest rate, compare auto insurance quotes from several different companies.
Colorado car insurance state minimums
All drivers in Colorado must carry liability insurance that meets certain statewide minimums. Those requirements apply to coverage for bodily injury and property damage:
| Coverage type | State requirements |
|---|---|
| Bodily injury liability | $25,000 per person / $50,000 per accident |
| Property damage liability | $15,000 per accident |
Cheapest minimum-coverage auto insurance rates in Denver: State Farm
State Farm offers the cheapest minimum-coverage car insurance in Denver, charging $66 a month, on average.
The average cost of minimum car insurance is $113 a month in Denver, meaning State Farm offers savings of 42%.
| Insurance company | Monthly rate |
|---|---|
| State Farm | $66 |
| GEICO | $88 |
| Progressive | $106 |
| Allstate | $114 |
| Nationwide | $128 |
| American Family | $146 |
| Farmers | $204 |
| USAA* | $54 |
| Rates are for minimum-coverage car insurance for a 35-year-old male with a good driving record. *Only available to current/former military and their families. | |
Compare car insurance quotes from top companies in Denver
Cheapest full-coverage auto insurance rates in Denver: State Farm
Denver drivers should head to State Farm for cheap full-coverage car insurance. The company charges a city-leading average rate of $116 a month.
Citywide, the average cost of full-coverage car insurance is $198 a month, meaning State Farm’s average premium is a discount of 41%.
No state requires full-coverage auto insurance, but it’s never a bad idea for those with new or expensive vehicles. A typical full-coverage policy includes collision and comprehensive coverages, in addition to the state-required liability minimums.
| Insurance company | Monthly rate |
|---|---|
| State Farm | $116 |
| Progressive | $173 |
| GEICO | $185 |
| Allstate | $213 |
| American Family | $217 |
| Nationwide | $254 |
| Farmers | $319 |
| USAA* | $104 |
| Rates are for full-coverage car insurance for a 35-year-old male with a good driving record. *Only available to current/former military and their families. | |
Cheapest car insurance in Denver for drivers with bad credit: State Farm
State Farm also has the lowest car insurance rates for Denver drivers with bad credit, charging $233 a month.
Studies have shown a correlation between lower credit scores and riskier driving behavior, and many insurers have increased their rates accordingly. That’s the case in Denver, where the average driver with bad credit pays $323 a month for full coverage.
| Insurance company | Monthly rate |
|---|---|
| State Farm | $233 |
| GEICO | $273 |
| Progressive | $297 |
| Nationwide | $330 |
| Allstate | $348 |
| American Family | $364 |
| Farmers | $523 |
| USAA* | $215 |
| Rates are for full-coverage car insurance for a 35-year-old male with poor credit and a good driving record. *Only available to current/former military and their families. | |
Cheapest car insurance for drivers with a prior incident
State Farm is the best source of cheap car insurance for drivers with a prior incident. That includes those with a speeding ticket, accident or DUI on their record.
Cheapest for drivers with a speeding ticket: State Farm
State Farm has the cheapest car insurance for drivers with a ticket on their records at an average rate of $127 a month.
On average, Denver drivers with a speeding ticket pay $248 a month for full-coverage car insurance. This means State Farm offers coverage for almost half the citywide mean.
| Insurance company | Monthly rate |
|---|---|
| State Farm | $127 |
| Progressive | $223 |
| Allstate | $233 |
| GEICO | $248 |
| American Family | $255 |
| Nationwide | $327 |
| Farmers | $441 |
| USAA* | $130 |
| Rates are for full-coverage car insurance for a 35-year-old male with one speeding ticket on his driving record. *Only available to current/former military and their families. | |
Cheapest for drivers with an at-fault accident: State Farm
Drivers with an at-fault accident should head to State Farm for cheap auto insurance, where the average monthly rate is $137.
Overall, Denver drivers with an accident pay an average of $300 a month for full-coverage insurance. That’s over 50% more than the average for those with a clean record.
| Insurance company | Monthly rate |
|---|---|
| State Farm | $137 |
| Progressive | $254 |
| American Family | $300 |
| Allstate | $339 |
| GEICO | $357 |
| Nationwide | $427 |
| Farmers | $444 |
| USAA* | $151 |
| Rates are for full-coverage car insurance for a 35-year-old male with one at-fault accident on his driving record. *Only available to current/former military and their families. | |
Cheapest for drivers with a DUI: State Farm
State Farm also leads the way for drivers with a DUI, offering full coverage for an average $127 a month.
Meanwhile, the citywide average for those with a DUI is $302 a month — more than for those with an accident or speeding ticket on their record.
| Insurance company | Monthly rate |
|---|---|
| State Farm | $127 |
| Progressive | $205 |
| American Family | $255 |
| Allstate | $274 |
| GEICO | $355 |
| Farmers | $431 |
| Nationwide | $554 |
| USAA* | $213 |
| Rates are for full-coverage car insurance for a 35-year-old male with one DUI on his driving record. *Only available to current/former military and their families. | |
See how much you could save on car insurance
Cheapest car insurance for senior drivers: State Farm
Seniors looking for cheap car insurance at State Farm, where the average rate is $107 a month.
In general, seniors enjoy lower car insurance rates than their younger counterparts. That’s true in Denver, where the average rate for a senior is $179, around $20 lower than it is for a 35-year-old.
| Insurance company | Monthly rate |
|---|---|
| State Farm | $107 |
| Progressive | $158 |
| GEICO | $170 |
| American Family | $187 |
| Allstate | $193 |
| Nationwide | $217 |
| Farmers | $296 |
| USAA* | $102 |
| Rates are for full-coverage car insurance for a 65-year-old male with a clean driving record. *Only available to current/former military and their families. | |
Cheapest car insurance for young drivers: State Farm
State Farm also leads the way in Denver for cheapest car insurance for young drivers. The company charges $172 for minimum coverage and $314 for full coverage.
Young drivers are considered inexperienced and therefore risky to insure, which is why rates from most companies are often much higher.
| Insurance company | Minimum coverage | Full coverage |
|---|---|---|
| State Farm | $172 | $314 |
| GEICO | $243 | $534 |
| American Family | $308 | $466 |
| Allstate | $328 | $597 |
| Progressive | $438 | $843 |
| Nationwide | $445 | $887 |
| Farmers | $697 | $1,105 |
| USAA* | $128 | $254 |
| Rates are for an 18-year-old male with a clean driving record. *Only available to current/former military and their families. | ||
Cheapest car insurance for married drivers: State Farm
Married drivers will find the lowest car insurance premiums at State Farm, which charges $116 a month for full coverage.
| Insurance company | Monthly rate |
|---|---|
| State Farm | $116 |
| Progressive | $153 |
| American Family | $191 |
| Allstate | $209 |
| Nationwide | $223 |
| GEICO | $224 |
| Farmers | $304 |
| USAA* | $94 |
| Rates are for full-coverage car insurance for a married 35-year-old male with a good driving record. *Only available to current/former military and their families. | |
Car insurance laws in Colorado
No-fault car insurance
Colorado is not a no-fault car insurance state. Instead, it’s an at-fault – also known as tort – state. This means the driver deemed responsible for an accident is liable to pay for the victim’s damages.
Financial Responsibility Insurance Certificate (SR-22)
Like most states, Colorado sometimes requires drivers to file an SR-22 form when returning from a license suspension or revocation. This certificate simply states that the driver has an insurance policy meeting the state-mandated minimums.
Denver car insurance: FAQs
State Farm has Denver’s cheapest car insurance, offering minimum coverage for $66 a month and full coverage for $116. These are average rates, so what you pay could be higher or lower.
In Denver, drivers pay $113 a month for minimum-coverage car insurance, on average. For full coverage, the average is $198.
State Farm is the cheapest insurance company for Denver drivers with an at-fault accident. Its average monthly rate in this situation is $137 for full-coverage policies.
Methodology
The rates shown in this article are based on an analysis of more than 300,000 auto insurance quotes obtained from Quadrant Information Services for sample drivers from across Denver, Colorado.
Unless otherwise noted, our sample driver is a single 35-year-old with good credit. All sample drivers own a 2012 Honda Accord LX that they drive for an average of 13,500 miles per year.
Our senior base driver is a 65-year-old male with a good driving record. Our young base driver is an 18-year-old male with a good driving record.
Minimum-coverage rates reflect the cost of policies meeting the minimum liability limits required by the state.
Full-coverage policies include the following coverages, limits and deductibles:
- Bodily injury liability: $100,000 limit per person/$300,000 limit per accident
- Property damage liability: $100,000 limit
- Collision: $500 deductible
- Comprehensive: $500 deductible
Sources:
Auto insurance by city
- Denver
- Aurora
- Colorado Springs
QuoteWizard.com LLC has made every effort to ensure that the information on this site is correct, but we cannot guarantee that it is free of inaccuracies, errors, or omissions. All content and services provided on or through this site are provided "as is" and "as available" for use. QuoteWizard.com LLC makes no representations or warranties of any kind, express or implied, as to the operation of this site or to the information, content, materials, or products included on this site. You expressly agree that your use of this site is at your sole risk.