The cheapest full coverage car insurance in Colorado is $120, saving you $75 compared to the average cost of insurance in the state, which is around $195 per month.
CarInsurance.com has done the homework for you. We analyzed rates from various auto insurance companies in Colorado, such as Geico, Progressive, State Farm and more, so you can effortlessly compare their rates to find the most affordable option.
“Drivers looking to get the cheapest insurance premiums in Colorado should maintain continuous coverage and avoid any lapse. When it comes to shopping for a new insurance company, discounts may be applied if the drivers have maintained continuous coverage, which will help lower the annual premium,” says Lauren Mckenzie, senior insurance agent, A Plus Insurance.
- Geico has the cheapest car insurance rates in Colorado for full coverage at $120 a month among the companies analyzed by the team of CarInsurance.com.
- In Colorado, drivers with clean driving records pay 34% less than drivers with a DUI.
- The city of Fruita has the lowest auto insurance rates in Colorado, with an average premium of $1,861 per year.
- You can save up to 38% per year on your car insurance policy in Colorado by comparing price quotes from multiple insurers.
Which company offers the cheapest car insurance rates in Colorado?
Based on data analysis by CarInsurance.com, Geico provides the cheapest full coverage auto insurance rates for Colorado drivers at a monthly rate of $120 or $1,445 a year.
A full coverage policy bundles liability insurance, which is required by most states, with optional coverages like comprehensive and collision. These additional coverages come with a deductible, meaning you’ll have to pay a set amount out-of-pocket before your insurance kicks in.
Find out which insurance company offers the cheapest car insurance rates for full coverage in Colorado.
Cheapest car insurance rates in Colorado per month
| Company | Full coverage monthly rates |
|---|---|
| Geico | $120 |
| Southern Farm Bureau | $148 |
| Kemper Insurance | $157 |
| State Farm | $162 |
| Allstate | $231 |
| Progressive | $233 |
| Auto-Owners | $239 |
| Farmers | $298 |
| Acuity Insurance | $314 |
| USAA* | $130 |
Note: USAA is only available to military community members and their families.
Who pays the lowest auto insurance premiums in Colorado?
The cost of car insurance can vary greatly depending on your age, location, driving record, credit score, driving habits and vehicle type. However, some insurers may offer you more affordable rates than others based on your situation.
- Married drivers pay 6% less than single drivers.
- Colorado drivers with clean records pay 34% less than drivers who have a DUI on their record.
- Colorado drivers in their 20s pay 52% lower rates for insurance than a 16-year-old in Colorado.
- Adding a teen to your policy will cost you 76% less than having the teen purchase their own auto insurance policy.
- Drivers who are licensed for three or more years pay 22% less on their insurance premiums.
- Drivers insured for three or more years can save up to 20% on their insurance costs.
Cheapest companies for different coverage levels in Colorado
It’s no secret that car insurance quotes vary drastically from person to person and from company to company. Your car insurance premiums will also vary depending on the coverage level you choose, your driving history and other factors.
In addition to full coverage, there are also liability-only and state minimum policies. Unlike full coverage, liability-only and state minimum policies only cover damage to another driver’s bodily injury and property damage in the event of an accident.
Not all insurers offer the same coverage limits at the same price point. For instance:
- Geico is the cheapest for a state minimum policy.
- Geico has the cheapest rates for a liability-only policy (50/100/50).
- Geico offers the cheapest car insurance for a full coverage policy (100/300/100) in Colorado.
The numbers above (100/300/100) represent coverage of up to $100,000 per person for medical bills with a $300,000 cap per accident, as well as up to $100,000 for property damage.
Cheapest state minimum coverage in Colorado
State laws require all drivers to maintain a minimum level of car insurance coverage, also known as the state’s minimum coverage requirements. In Colorado, you must have at least the following insurance coverage on your car.
| Minimum coverage | Minimum limit |
|---|---|
| Minimum bodily injury liability | $25,000/$50,000 |
| Minimum property damage liability | $15,000 |
Read more about the minimum liability car insurance requirements by state
Below, you’ll see average annual rates for major insurance providers in Colorado, ranked from cheapest to most expensive for state minimum coverage.
| Company | State minimum annual rates |
|---|---|
| Geico | $227 |
| Southern Farm Bureau | $228 |
| State Farm | $387 |
| Kemper Insurance | $400 |
| Auto-Owners | $400 |
| Progressive | $404 |
| Acuity Insurance | $582 |
| Allstate | $761 |
| Farmers | $824 |
| USAA* | $283 |
Note: USAA is only available to military community members and their families.
Cheapest liability-only coverage in Colorado
Your liability-only coverage will cover the cost of property damage or bodily injury you cause in an accident, up to the policy limits.
Below, you’ll see average annual rates for major insurance providers in Colorado, ranked from cheapest to most expensive for liability insurance coverage. The coverage limit for the below-mentioned rates is $50,000 for bodily injury per person, $100,000 for bodily injury per accident and $50,000 for property damage.
| Company | Liability only annual rates |
|---|---|
| Geico | $347 |
| Southern Farm Bureau | $441 |
| State Farm | $538 |
| Kemper Insurance | $593 |
| Progressive | $675 |
| Auto-Owners | $688 |
| Acuity Insurance | $781 |
| Allstate | $1,062 |
| Farmers | $1,744 |
| USAA* | $427 |
Note: USAA is only available to military community members and their families.
Cheapest full coverage in Colorado
Full coverage car insurance policies consist of comprehensive and collision insurance. Comprehensive and collision protect against accidents, theft, vandalism and natural disasters.
Ideally, full coverage means you have insurance that’s appropriate for your income, assets and risk profile. Lenders require full coverage from those who finance their cars.
The table below shows the average annual rates from major insurance providers in Colorado, listed by cost, for a full coverage policy of $100,000 for bodily injury per person, $300,000 for bodily injury per accident and $100,000 for property damage, with comprehensive and collision coverage and a $500 deductible.
| Company | Full coverage annual rates |
|---|---|
| Geico | $1,445 |
| Southern Farm Bureau | $1,780 |
| Kemper Insurance | $1,878 |
| State Farm | $1,950 |
| Allstate | $2,774 |
| Progressive | $2,796 |
| Auto-Owners | $2,874 |
| Farmers | $3,578 |
| Acuity Insurance | $3,769 |
| USAA* | $1,559 |
Note: USAA is only available to military community members and their families.
Learn more about who has the cheapest full coverage auto insurance
Cheapest auto insurance in Colorado by driving history
Your driving history impacts insurance premiums in Colorado, as insurance companies use this factor to assess the risks associated with providing coverage for a driver.
A clean driving record is the key to affordable car insurance. Traffic violations like speeding, DUIs and at-fault accidents can significantly increase your insurance premiums – insurers consider drivers with these violations on their records risky.
In Colorado, drivers with a history of traffic violation pay an average of $688 more per year than those with a clean record. Choose responsible driving habits to save money and protect yourself and others on the road.
Cheap car insurance in Colorado after a speeding ticket
If you have a speeding ticket on your Colorado driving record and you are looking for cheap car insurance, State Farm offers the cheapest full-coverage auto insurance for drivers with a speeding ticket, with an average rate of $1,753 per year.
| Company | Rates before speeding | After speeding (1-29 mph over limit) | % difference | $ difference |
|---|---|---|---|---|
| State Farm | $1,633 | $1,753 | 7% | $120 |
| Nationwide | $1,410 | $2,032 | 44% | $621 |
| Geico | $1,310 | $2,241 | 71% | $931 |
| Progressive | $1,895 | $2,426 | 28% | $530 |
| Allstate | $2,213 | $2,438 | 10% | $224 |
| Auto-Owners | $2,199 | $2,547 | 16% | $349 |
| Kemper Insurance | $1,916 | $2,583 | 35% | $667 |
| Farmers | $2,579 | $3,260 | 26% | $681 |
| American Family | $3,348 | $3,732 | 11% | $385 |
| USAA* | $1,269 | $1,574 | 24% | $305 |
Note: USAA is only available to military community members and their families.
Cheapest car insurance in Colorado after a DUI conviction
State Farm offers the cheapest car insurance to Colorado drivers with a DUI conviction at $1,753 per year and Progressive has the second-cheapest insurance premiums at $2,211 a year, based on recent data.
Drivers with clean driving records can expect to pay an average of 34% less than those with a history of DUI.
| Company | Rates before DUI | Rates after a DUI | % difference | $ difference |
|---|---|---|---|---|
| State Farm | $1,633 | $1,753 | 7% | $120 |
| Progressive | $1,895 | $2,211 | 17% | $316 |
| Geico | $1,310 | $2,695 | 106% | $1,385 |
| Nationwide | $1,410 | $2,716 | 93% | $1,306 |
| Allstate | $2,213 | $2,899 | 31% | $686 |
| Farmers | $2,579 | $3,456 | 34% | $876 |
| American Family | $3,348 | $3,732 | 11% | $385 |
| Auto-Owners | $2,199 | $3,737 | 70% | $1,538 |
| Kemper Insurance | $1,916 | $4,259 | 122% | $2,343 |
| USAA* | $1,269 | $2,635 | 108% | $1,366 |
Note: USAA is only available to military community members and their families.
Cheap car insurance rates in Colorado after an at-fault accident
If you’re a driver with an at-fault accident on your record, State Farm is the cheapest option, offering car insurance at an average cost of $1,873 annually.
Nationwide is the second most affordable option, providing full-coverage insurance to drivers with a history of at-fault accidents at an average cost of $2,135.
If you’re accountable for an accident, it can significantly affect your insurance premiums, as insurance companies see at-fault incidents as a sign of higher risk, leading to increased costs for coverage.
| Company | Rates before accident | Rates after accident | % difference | $ difference |
|---|---|---|---|---|
| State Farm | $1,633 | $1,873 | 15% | $240 |
| Nationwide | $1,410 | $2,135 | 51% | $725 |
| Geico | $1,310 | $2,287 | 75% | $978 |
| Kemper Insurance | $1,916 | $2,634 | 37% | $718 |
| Progressive | $1,895 | $2,889 | 52% | $994 |
| Auto-Owners | $2,199 | $3,158 | 44% | $960 |
| Allstate | $2,213 | $3,334 | 51% | $1,121 |
| Farmers | $2,579 | $3,551 | 38% | $972 |
| American Family | $3,348 | $3,864 | 15% | $517 |
| USAA* | $1,269 | $1,846 | 45% | $577 |
Note: USAA is only available to military community members and their families.
Check out the most affordable insurance options in your neighboring state
Colorado cities with the lowest auto insurance rates
Where you live significantly impacts your car insurance cost. Insurance companies consider the number and cost of claims in your area to determine the risk of insuring vehicles. Areas with higher accident risks or theft rates tend to have higher premiums to compensate for the increased risk.
Fruita is the city with the lowest premiums in Colorado at an annual auto insurance rate of $1,861.
Insurance providers rely on statistical data regarding thefts, collisions and vandalism to analyze the likelihood of such incidents occurring in a particular area. Besides driving history, your car model and age play a significant role in determining your insurance premiums.
Find below a list of Colorado cities with the lowest car insurance rates.
| City | Full coverage annual rates |
|---|---|
| Fruita | $1,861 |
| Redlands | $1,868 |
| Grand Junction | $1,879 |
| Orchard Mesa | $1,884 |
| Clifton | $1,894 |
| Loma | $1,894 |
| Glade Park | $1,906 |
| Mack | $1,936 |
| Whitewater | $1,941 |
| Palisade | $1,942 |
Explore the top 10 factors that influence car insurance rates
Average savings on car insurance in Colorado
If you compare car insurance quotes, you could enjoy an annual saving of around 38% on a full coverage policy in Colorado.
While the actual savings may differ for each person, comparing price quotes before buying a policy can help you find affordable insurance.
Car insurance discounts in Colorado: Save on premiums
In Colorado, car insurance companies offer various discounts to drivers, such as safe driver and bundling discounts to help you save on your premiums. Learn more about some common car insurance discounts in Colorado below.
| Discount type | % difference | $ difference |
|---|---|---|
| Air bags | 2% | $33 |
| Anti-theft device | 2% | $57 |
| Daily commute | 11% | $301 |
| Days advanced purchase | 7% | $183 |
| Education | 25% | $524 |
| Electronic funds transfer | 3% | $83 |
| Electronic signature | 10% | $202 |
| Homeowner | 7% | $166 |
| Lower annual mileage | 5% | $101 |
| Loyalty – years renewal with company | 9% | $219 |
| Marital status | 6% | $132 |
| Multi policy | 9% | $223 |
| Paperless/electornic documents | 4% | $99 |
| Payment type | 10% | $272 |
| Primary use | 11% | $284 |
| Profession | 9% | $189 |
| Safety devices | 3% | $67 |
| Telematics | 9% | $188 |
| Years insured | 19% | $537 |
| Years licensed | 21% | $909 |
The bottom line on cheap auto insurance in Colorado
Based on our findings, Geico provides the cheapest rates for a full coverage policy in Colorado if you have a good driving record.
It’s important to find the cheapest auto insurance and ensure you have the right amount of protection for your needs.
To get affordable car insurance in Colorado, figure out the coverage you require, compare quotes from different companies, look for discounts and keep a good driving record.
Resources & Methodology
Methodology
CarInsurance.com commissioned Quadrant Information Services to field rates in 2023 from all the major insurers in nearly every ZIP code of Colorado for three different coverage levels:
- Full coverage policy with limits 100/300/100, including comprehensive and collision coverage and a $500 deductible.
- Liability-only with limits 50/100/50.
- State-minimum car insurance limits of 25/50/15.
The rates are based on the sample profile of a 40-year-old male and female driving a Honda Accord LX with a clean driving record and a good credit score. We have compared 53,409,632 car insurance quotes from 75 company groups across 34,588 ZIP Codes.
Violations:
Car insurance rates are calculated by evaluating the sample profile of a 40-year-old driver for a full coverage policy with limits 100/300/100, including comprehensive and collision coverage, and a $500 deductible, with the following incidents applied: clean record, at-fault accident, DUI conviction and speeding ticket.
Discounts:
Car insurance discount rates are for a full coverage policy with limits of 100/300/50 and a $500 comprehensive and collision deductible based on the sample profile of a 40-year-old male driver. To gather the data, our data experts compared 2,677,890 insurance quotes across various ZIP Codes.
The rates are for comparison purposes only and your exact rates may vary.
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