Non-owner car insurance covers people who drive but don’t own a car. This type of insurance provides liability coverage, which means it will cover any damages or injuries that you may cause to others while driving someone else’s vehicle. It’s important as it offers peace of mind and financial protection, saving you from potential out-of-pocket expenses from accidental liabilities.
Non-owner car insurance is usually cheaper than standard car insurance since it doesn’t cover a Colorado driver’s vehicle. The cost varies depending on factors such as driving record, age, years of driving experience and location.
- Non-owner car insurance costs an average of $24 a month in Colorado for the coverage limit of 25/50/15.
- The non-owner car insurance rate is $282 per year—lower than liability-only coverage of $717 for Colorado drivers.
- Auto-Owners offers the cheapest non-owner car insurance rates in Colorado at an average cost of $5 per month.
Do I need non-owner car insurance in Colorado?
Non-owner car insurance in Colorado is essential for those who often rent or borrow vehicles. It offers liability coverage in the event that you cause an accident while driving a car you rented or borrowed, helping protect you from costly out-of-pocket expenses. Additionally, it can act as supplementary coverage alongside the car owner’s existing insurance.
Non-owner car insurance often benefits people who frequently rent cars for personal or business use. Instead of opting for expensive coverage through the rental company, you can consider getting non-owner insurance that offers the same level of protection at a more affordable rate.
Additionally, keeping continuous insurance coverage, such as non-owner insurance when you’re between vehicles, can help keep your insurance premiums lower in the future. It offers coverage if you’re involved in an accident and deemed at fault. However, it does not cover the vehicle you are driving.
Average non-owner car insurance cost in Colorado
Non-owner car insurance costs an average of $24 a month and $282 per year in Colorado for the coverage limit of 25/50/15.
This rate may be higher or lower based on your driving profile, age, location and insurance company.
Cheapest non-owner car insurance companies in Colorado
Auto-Owners offers the cheapest non-owner car insurance rates in Colorado at an average cost of $5 per month, based on CarInsurance.com’s analysis. Other than Auto-Owners, Geico and State Farm also have cheap non-owner insurance premiums.
Your non-owner auto insurance rate may vary based on your driving history, ZIP code and coverage limits. Comparing quotes from multiple insurers can help you find the best insurance policy at affordable rates.
Below is a table showing the cheapest companies for non-owner car insurance in Colorado.
| Company | Annual full coverage rates | Monthly full coverage rates |
|---|---|---|
| Auto-Owners | $63 | $5 |
| Geico | $145 | $12 |
| State Farm | $240 | $20 |
| Kemper | $244 | $20 |
| Southern Farm Bureau | $349 | $29 |
| Acuity Insurance | $394 | $33 |
| Progressive | $471 | $39 |
| Farmers | $529 | $44 |
| USAA* | $126 | $11 |
Note: *USAA is only available to military community members and their families.
Non-owner car insurance in Colorado, by age and gender
Non-owner car insurance costs in Colorado vary by age and gender. If you add a male teen driver to your car insurance, expect to pay an average of $611 monthly, whereas if you add a 16-year-old female, you’ll pay $571 per month, based on CarInsurance.com’s analysis.
Young drivers, both male and female, typically pay higher insurance rates. Inexperienced drivers are more likely to be involved in accidents, which increases the risk for insurance companies. As drivers age, they gain more experience behind the wheel and thus pay lower rates compared to teen drivers in Colorado.
The table below shows the cost of non-owner car insurance based on age and gender.
| Driver age | Male | Female |
|---|---|---|
| Teens (16-19) | $525 | $491 |
| Young Adults (20-24) | $368 | $356 |
| Adults (25-60) | $282 | $285 |
| Seniors (65-75) | $310 | $305 |
Compare non-owner car insurance rates in neighboring states
Non-owner auto insurance in the biggest Colorado cities
In Fort Collins non-owner auto insurance costs $24 per month or $285 annually, while drivers in Greeley pay $24 monthly for the same coverage.
In Colorado, car insurance rates differ by city, as insurance companies assess the frequency of accidents, theft and vandalism when determining non-owner car insurance premiums.
The cost of living also determines the premiums. In areas with higher costs of living in Colorado, you can expect to pay more for non-owner insurance.
See how much you’ll pay for non-owner car insurance in your city in the table below.
| City | Annual full coverage rates | Monthly full coverage rates |
|---|---|---|
| Fort Collins | $285 | $24 |
| Greeley | $286 | $24 |
| Pueblo | $304 | $25 |
| Lakewood | $308 | $26 |
| Denver | $310 | $26 |
| Arvada | $311 | $26 |
| Colorado Springs | $316 | $26 |
| Westminster | $322 | $27 |
| Thornton | $324 | $27 |
| Aurora | $327 | $27 |
Affordable non-owner insurance in Colorado, by ZIP code
A Colorado driver aged 40 living in ZIP code 81652 pays $244 annually or $20 monthly for non-owner car insurance, while a 40-year-old in ZIP code 81422 with a clean driving record pays $245 per year or $20 per month.
When should you consider buying non-owner car insurance in Colorado?
Non-owner car insurance is for individuals who don’t own a vehicle but still need coverage when driving someone else’s car. It generally offers liability coverage, which protects you if you cause damage or injury to others while driving a rented or borrowed vehicle.
In addition to covering accidents, non-owner car insurance can help fill in gaps, offering extra protection on top of the car owner’s existing policy. It gives the car owner peace of mind, knowing their insurance rates won’t increase because of an accident caused by someone else.
For instance, if you’re driving a friend’s car and their insurance only includes minimum liability coverage, your non-owner policy can help cover any extra costs if the accident exceeds their policy’s limits.
Moreover, maintaining continuous insurance coverage is important for keeping your future insurance rates low. This includes having non-owner car insurance when you may not own a vehicle. Insurance companies often view gaps in coverage as high-risk behavior, which can result in higher premiums.
Maintaining non-owner car insurance during this time proves your commitment to continuous coverage, helping to keep your insurance rates more affordable in the long run.
Final thoughts on non-owner car insurance in Colorado
Non-owner car insurance in Colorado is ideal for those who rent or borrow vehicles, use car-sharing services or are required to file an SR-22 form.
Non-owner car insurance provides valuable liability protection for individuals who regularly rent or borrow cars while behind the wheel. It can also work alongside the car owner’s coverage to offer additional protection.
It is also beneficial for maintaining continuous insurance coverage, which can help keep your rates low in the future. Consider a non-owner car insurance policy if you frequently use vehicles that do not belong to you, and get quotes from three different companies to ensure you’re getting the best rate.
Resources & Methodology
Methodology
CarInsurance.com gathered data on non-owner car insurance rates from Quadrant Information Services. The rates are for non-owner state minimum liability only and the coverage limit varies by state.
To determine non-owner car insurance rates for different companies, CarInsurance.com used a sample profile of a 40-year-old male and female driver who owns a Honda Accord LX with no traffic violations on his record. We compared 53,409,632 insurance quotes across 34,588 ZIP codes from 170 insurance companies in the U.S.
Insurance company: Based on the analysis, we have created lists of the companies that offer non-owner insurance.
Age group: Non-owner car insurance rates are calculated by evaluating the sample profile for different age groups.
- Teens: Age 16-19
- Young adults: Age 20-24
- Adult drivers: Age 25-60
- Senior drivers: Age 65-75
To get non-owner car insurance rates for different cities and age groups we have compared 53,409,632 car insurance quotes across 34,588 ZIP codes from 75 company groups nationwide. These are sample rates and should only be used for comparison purposes.
These are sample rates and should only be used for comparison purposes.
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