The Cheapest Car Insurance In Colorado (April 2024)

Company	Company - Logo	Forbes Advisor Rating	Forbes Advisor Rating	Average cost per year for good drivers	Average cost per month in Colorado for good drivers	Learn More CTA text	Learn more CTA below text	LEARN MORE
Colorado Farm Bureau Mutual		5.0		$1,531	$128	Get Quotes	Compare rates via EverQuote’s website
State Farm		4.5		$1,803	$150	Get Quotes	Compare rates via EverQuote’s website
USAA		4.5		$1,520	$127	Get Quotes	Compare rates via EverQuote’s website
Allied/Nationwide		4.0		$2,030	$169	Get Quotes	Compare rates via EverQuote’s website
Travelers		4.0		$1,940	$162	Get Quotes	Compare rates via EverQuote’s website

*USAA auto insurance is available only to members of the military, veterans and their families.

Comparing quotes to find cheap car insurance in Colorado shouldn’t be a time-consuming project. We evaluated insurers in Colorado to find the lowest costs.

Cheap Colorado car insurance for good drivers

USAA and Colorado Farm Bureau Mutual are the cheapest Colorado car insurance companies for good drivers, among the companies we analyzed.

Cheap car insurance in Colorado for drivers with a speeding ticket

A speeding ticket increases car insurance rates by 27% in Colorado. The exact rate increase will vary by insurance company. Even though you’ll get hit with higher insurance rates, you can still compare quotes for the best car insurance.

Colorado Farm Bureau Mutual and USAA have the lowest average rates for drivers with a speeding ticket in Colorado, so make sure to get quotes from those companies if you’re shopping for Colorado vehicle insurance and have a speeding ticket on your record.

Cheap Colorado car insurance for drivers who caused an accident with injury

Causing a car crash with an injury to someone else will make it difficult to find cheap car insurance. Our analysis found an average increase of 50% in Colorado compared to drivers with a good driving record.

If you cause an accident with an injury, Colorado Farm Bureau Mutual and USAA may have the most competitive prices among the insurance companies in our analysis.

Cheap Colorado car insurance for drivers with a DUI

Car insurance costs in Colorado go up an average of 70% if you have a DUI conviction on your record. You can still compare car insurance quotes to pinpoint better rates.

The cheapest Colorado car insurance companies for drivers with a DUI are Colorado Farm Bureau Mutual and State Farm, among the insurers we analyzed.

Cheap Colorado car insurance for drivers with poor credit

Colorado auto insurance companies usually charge drivers higher rates if they have poor credit. People with bad credit pay an average of 67% more for auto insurance in Colorado.

Colorado Farm Bureau Mutual and State Farm may be good choices if you’re looking for cheap Colorado auto insurance and you have poor credit.

Cheap Colorado car insurance for adding a teen driver

Adding a teen to your insurance increases rates by an average of 79% in Colorado, compared to rates for a married couple without a teen driver.

Check quotes from Colorado Farm Bureau Mutual and American Family if you’re looking for cheap car insurance for teens in Colorado.

Cheap Colorado car insurance for young drivers ages 18 to 25

Purchasing your own car insurance is a costly entry into adulthood. Our analysis found that American National and Colorado Farm Bureau Mutual offer the cheapest Colorado car insurance for young drivers.

Cheap Colorado car insurance for senior drivers ages 60-80

American National and Geico offer the best car insurance for seniors who are looking for cheap rates in Colorado. Older drivers should also find out if there’s a discount for taking a defensive driver class.

Colorado car insurance companies must offer a car insurance discount to drivers who are at least age 55 and who have completed an approved driver education course.

To get the discount, you must provide proof of completion, such as a certificate. The discount applies to the insurance for the vehicle for which the person is the principal operator. Drivers can renew the discount every three years by retaking a driver’s education course.

Least Expensive Vehicles for Insurance in Colorado

You can potentially save on your car insurance depending on what type of vehicle you buy. In Colorado, the Jeep Wrangler JL Sport, Honda CR-V LX and Ford Escape S are among the cheapest vehicles for car insurance, based on average rates for 50 top-selling 2021 models. The 20 least expensive are below.

The most expensive vehicles for auto insurance in Colorado among popular models are the Lexus ES 300H ($2,792 per year) and the Tesla Model S Performance/Plaid ($4,435 per year).

If you own a car in Colorado, you are required to purchase liability car insurance. Liability insurance pays for damage and injuries you cause to others. For example, if you back into your neighbor’s fence, your neighbor can make a claim against your liability insurance to pay for property damage. Car owners in Colorado must buy at least:

• $25,000 for bodily injury to one person
• $50,000 for bodily injury to multiple people in one accident
• $15,000 for property damage in one accident

This is typically written as 25/50/15.

But in many cases, Colorado’s minimum car insurance requirements are simply not enough. If you cause an accident with multiple injuries, you could quickly surpass $50,000 in medical expenses and you could be sued for the rest. If you have savings and assets, it’s important to buy more than the minimum requirements.

Colorado also requires your car insurance company to offer you uninsured motorist coverage (UM) and underinsured motorist coverage (UIM). UM pays for car damage and injuries when a driver with no insurance causes an accident. UIM pays for car damage and injuries when a driver who doesn’t have enough insurance causes an accident.

If you buy UM/UIM coverage, you must buy at least 25/50. You can reject this coverage in writing, but generally, these are coverage types worth having.

Medical Payments (MedPay)

Medical payments (MedPay) coverage pays your medical expenses if you’re injured in a car accident, no matter who is at fault. While your health insurance typically covers injuries, you can use MedPay to pay health insurance copayments, deductibles and co-insurance. In Colorado, $5,000 of MedPay coverage will automatically be added to your car insurance policy, under state law. You can opt out of it in writing or buy more.

Collision and Comprehensive Coverage

While Colorado law does not require you to purchase collision or comprehensive insurance, your car loan lender or leasing company most likely will. Together, collision and comprehensive coverage pay for a host of problems with your own vehicle, like car accidents, collisions with animals, car theft, vandalism, natural disasters (like floods and wildfires), hail, riots and falling objects (like tree branches).

In Colorado you can use your phone to show an auto insurance ID card. Check with your auto insurer to see if they have a mobile app that includes electronic ID cards.

Car insurance companies in Colorado look at a variety of factors to determine your car insurance rates, such as your driving history, past insurance claims and vehicle model. In Colorado, companies can also take a look at these factors.

About 16% of Colorado drivers have no insurance, according to the Insurance Research Council. If a driver with no insurance is legally responsible for a car accident, you could file a lawsuit against them. If you have uninsured motorist insurance, you could use that coverage.

Colorado law allows an insurance company to cancel a policy for any of the following reasons:

• Nonpayment of premium.
• You, your household members or anyone who customarily drives your car has had their driver’s license suspended or revoked during the policy period or during the 180 days immediately preceding the policy effective date.
• You knowingly made a false statement on your car insurance application.
• You knowingly and willfully made a false statement on a claim submitted to your car insurance company.

A car insurance company must give you 10 days notice of cancelation for nonpayment of premium and 30 days for all other reasons.

If you get caught driving without insurance in Colorado, you could face a fine of $500 or more, community service and a license suspension until you can provide proof of insurance.

If your car suffered extensive damage in a car accident or an event like a fire or flood, your insurer could declare your vehicle a total loss. Colorado state law says a car is totaled when the cost of repairs exceeds the car’s pre-accident retail fair market value.

The Colorado division of insurance monitors insurance companies and takes consumer complaints. You can download a form or file an online complaint.

To find the cheapest auto insurance companies in Colorado, we used rates from Quadrant Information Services, a provider of insurance data and analytics. Except where noted, rates are based on a 40-year-old female driver with a clean record insuring a new Toyota RAV4 with $100,000 in bodily injury liability coverage per person, $300,000 per accident and $100,000 in property damage liability (known as 100/300/100), uninsured motorist coverage and any other coverage required in the state. Rates also include collision and comprehensive insurance with a $500 deductible.

State averages for Colorado are based on rates from Wawanesa, Grange, Capital Insurance Group, Geico, Mercury, National General, USAA, California Capital, Esurance, Infinity, Progressive, State National, Workmen’s Auto, 21st Century, Alliance United, Auto Club, CSE, Kemper, CSAA, Farmers, Esurance and Acuity.