The cheapest car insurance company in Colorado is American National, with an average rate of just $70 a month or $837 a year for full coverage. We found that GEICO, State Farm, USAA, and Farm Bureau also have the cheapest car insurance rates in Colorado.
The cost of car insurance depends on multiple factors, like your age, location, driving history, and other personal details, so it’s a good idea to compare quotes from different companies to find your best rates.
Average cost per month | ||
|---|---|---|
American National | $70 | |
GEICO | $95 | |
State Farm | $106 | |
USAA | $109 | |
Farm Bureau | $118 |
Methodology & why you can trust our rates
Policygenius has analyzed car insurance rates provided by Quadrant Information Services for every ZIP code in all 50 states plus Washington, D.C. For full coverage policies, the following coverage limits were used:
Bodily injury liability: $50,000 per person/$100,000 per accident
Property damage liability: $50,000
Uninsured/underinsured motorist: $50,000 per person/$100,000 per accident
Comprehensive: $500 deductible
Collision: $500 deductible
In some cases, additional coverages were added where required by state or insurer.
Rates for overall average rate, rates by ZIP code, and cheapest companies determined using averages for single drivers ages 30, 35, and 45. Our sample vehicle was a 2017 Toyota Camry LE driven 10,000 miles/year.
Rates for driving violations and “Poor” credit determined using average rates for a single male 30-year-old driver with a credit score under 578.
Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.
Cheapest car insurance companies in Colorado
American National
Why we chose it
American National offers basic coverage along with some add-ons, including gap coverage, at a much cheaper average cost than its competitors.
Pros and cons
Pros
Lower-than-average rates
Offers gap insurance
Available in all 50 states
Cons
Few discounts
Minimal coverage options
More details
Why we chose American National:
American National offers affordable coverage whether you have a clean driving record or past violations, including an accident, DUI, or speeding ticket.
We also like that American National offers coverage add-ons like gap insurance, which may be a requirement if your car is leased or financed, and its ACE coverage, which pays extra for replacement parts if your car is damaged.
How does the cost of car insurance from American National compare to average in Colorado?
The average cost of car insurance from American National in Colorado is $70 a month or $837 per year, which is 55% cheaper than the statewide average.
GEICO
Why we chose it
GEICO is among our picks for top car insurance companies in Colorado because of its low rates, convenient mobile app, and solid customer service.
Pros and cons
Pros
Available in all 50 states
Easy-to-use digital tools
Plenty of discounts
Cons
Only sells through GEICO agents
Doesn’t underwrite its other products
More details
Why we chose GEICO
GEICO is a cheap option for Colorado drivers even if they have bad credit or a newly-licensed teen driver at home.
We also like GEICO’s convenient mobile app, which lets you estimate repair costs after an accident. GEICO also receives fewer complaints from its customers than expected, even though it’s one of the largest insurance companies in the country.
How does the cost of car insurance from GEICO compare to average in Colorado?
The average cost of car insurance from GEICO in Colorado is $95 a month or $1,135 per year, which is 39% cheaper than the statewide average.
State Farm
Why we chose it
State Farm is one of our top car insurance companies in Colorado thanks to its cheap rates and high customer service ratings. State Farm can even be an affordable pick for drivers with spotty records.
Pros and cons
Pros
Available in almost every state
Low rates for teens and drivers with accidents
High customer satisfaction ratings
Cons
Limited coverage options
More details
Why we chose State Farm:
State Farm’s average rates are cheap whether you have a clean or spotty driving record, which helps make it a top choice for car insurance in Colorado.
We also like State Farm’s customer service. State Farm has high customer satisfaction ratings and receives fewer complaints than average for the industry, according to the National Association of Insurance Commissioners.
How does the cost of car insurance from State Farm compare to the average in Colorado?
The average cost of State Farm car insurance in Colorado is $106 a month or $1,270 per year, which is 31% cheaper than the statewide average.
USAA
Why we chose it
USAA has some of the best car insurance rates and customer service ratings of any company. Its add-ons, which include gap insurance, are straightforward but it’s only available for drivers associated with the military.
Pros and cons
Pros
Low rates
Available nationwide
High customer service ratings
Cons
Only available to military members and their families
More details
Why we chose USAA:
If you’re an active or retired member of the military or a part of a military family, USAA has some of the best car insurance in Colorado. USAA also offers gap coverage — which may be required if you have a car loan or lease.
One of the things we like most about USAA is its customer service. USAA consistently scores near the top of the J.D. Power Claims Satisfaction Study. It receives an average number of complaints for the industry, according to the National Association of Insurance Commissioners.
How does the cost of car insurance from USAA compare to average in Colorado?
The average cost of USAA car insurance in Colorado is $109 a month or $1,309 per year, which is 29% cheaper than the statewide average.
Farm Bureau
Why we chose it
Farm Bureau offers cheap car insurance rates and basic coverage through its regional affiliates. It also offers high-scoring customer service.
Pros and cons
Pros
Cheap rates
Offers new car replacement
Special discount for drivers under 25
Cons
Not a ton of coverage options
More details
Why we chose Farm Bureau:
Farm Bureau is one of the cheapest companies for car insurance in Colorado. You have to be a Farm Bureau member to get coverage, but membership fees are low. Farm Bureau's rates are even affordable if you’re in a family with teen drivers or your driving record is spotty.
Farm Bureau also has great customer service in addition to the low rates. It doesn’t have a claims satisfaction rating from J.D. Power, but Farm Bureau receives very few complaints from its customers compared to the industry average.
How does the cost of car insurance from Farm Bureau compare to average in Colorado?
The average cost of car insurance from Farm Bureau in Colorado is $118 a month or $1,413 per year, which is 24% cheaper than the statewide average.
Best car insurance companies in Colorado
The best car insurance company in Colorado is USAA. USAA has the highest scores on J.D. Power’s 2023 Auto Insurance Study for the Southwest region, which includes Colorado. [1] This survey measures how policyholders feel about their insurance company’s service, billing, claims, and price.
State Farm, American Family, The Hartford, and CSAA also earned top scores in Colorado, and, unlike USAA, they’re available to anyone.
Company | Score | |
|---|---|---|
1 | USAA | 879 |
2 | State Farm | 835 |
3 | American Family | 828 |
3 | The Hartford | 828 |
5 | CSAA | 819 |
Cheapest car insurance companies by age in Colorado
Your age plays a big factor in how much you pay for car insurance. Young drivers pay higher rates, because drivers who’ve been licensed for only a few years are more likely to have an accident and end up filing claims.
Age | Cheapest company | Average cost |
|---|---|---|
16 | Farm Bureau | $3,233 |
18 | American National | $1,837 |
21 | American National | $1,371 |
25 | American National | $923 |
30 | American National | $880 |
35 | American National | $845 |
45 | American National | $786 |
55 | American National | $714 |
60 | American National | $692 |
65 | American National | $709 |
70 | American National | $791 |
Choosing the right car insurance company in Colorado
Buying car insurance may seem complicated, but it’s easier if you break it down into what’s most important to you, and see how companies stack up. Here’s what you should consider:
Total cost: Some companies offer better value than others for the same coverage. Shop around to find the best rates.
Coverage: The more coverage you get, the better protected you’ll be in case of an accident.
Customer service: If you ever need to submit a claim, the last thing you want is to get a headache dealing with the insurer. Looking at customer service and claims satisfaction scores can help narrow down your choices.
Policygenius makes it easy to compare options from top companies, so you can choose the coverage you need at a price that works for you.
Car insurance rates for drivers with driving violations in Colorado
We found that American National has some of the cheapest rates if you have a driving violation on your record. The more violations you have, the more expensive your insurance will be — and it can be hard to find any coverage if you have too many.
Violation | American National | GEICO | State Farm | USAA | Farm Bureau |
|---|---|---|---|---|---|
At-fault accident | $1,232 | $1,887 | $1,475 | $1,961 | $1,875 |
Suspended license | $1,406 | $1,789 | $1,384 | $2,693 | $1,854 |
Open container | $1,232 | $1,563 | $1,384 | $2,173 | $1,854 |
Expired registration | $1,042 | $1,288 | $1,384 | $1,743 | $1,771 |
Driving without lights | $1,042 | $1,621 | $1,384 | $1,544 | $1,771 |
Running a red light | $1,042 | $1,621 | $1,384 | $1,743 | $1,771 |
Following too closely | $1,042 | $1,621 | $1,384 | $1,743 | $1,771 |
Hit and run | $1,406 | $2,463 | $1,384 | $3,017 | $1,854 |
Not-at-fault accident | $909 | $1,207 | $1,294 | $1,405 | $1,545 |
Passing a school bus | $1,186 | $1,621 | $1,384 | $2,173 | $1,771 |
Reckless driving | $1,406 | $2,463 | $1,384 | $2,173 | $1,854 |
Cheapest car insurance after an accident in Colorado
The cheapest car insurance company in Colorado after an at-fault accident is American National. On average, car insurance from American National costs $103 a month, or $1,232 a year with an at-fault accident on your record.
Rates for drivers with an at-fault accident | |
|---|---|
American National | $1,232 |
State Farm | $1,475 |
Farm Bureau | $1,875 |
GEICO | $1,887 |
USAA | $1,961 |
Cheapest car insurance for drivers with a DUI in Colorado
The cheapest car insurance company in Colorado if you have a DUI on your record is American National. Having a DUI usually makes car insurance very expensive, but American National’s average rates are $109 a month or $1,308 a year with a DUI.
Rates for drivers with DUIs | |
|---|---|
American National | $1,308 |
State Farm | $1,384 |
Farm Bureau | $1,854 |
GEICO | $2,128 |
USAA | $2,851 |
Cheapest car insurance for drivers with a speeding ticket in Colorado
The cheapest car insurance after a speeding ticket in Colorado is American National. On average, American National is $87 a month or $1,042 a year with a speeding ticket on your record.
Rates for drivers with speeding tickets | |
|---|---|
American National | $1,042 |
State Farm | $1,384 |
USAA | $1,743 |
Farm Bureau | $2,004 |
GEICO | $2,463 |
→ Read more about finding SR-22 insurance in Colorado
Cheapest car insurance for drivers with bad credit in Colorado
The lower your credit score, the more you’ll pay for car insurance. Colorado drivers with poor credit may still be able to find affordable rates, however, since some car insurance companies charge less than others, even to drivers with bad credit.
Rates for drivers with bad credit | |
|---|---|
GEICO | $1,636 |
Nationwide | $2,408 |
State Farm | $2,546 |
USAA | $2,830 |
American National | $3,058 |
Cheapest car insurance in Colorado by city
Car insurance rates depend on local factors like crime rates, population density, the number of accidents nearby, and available parking. Here are the cheapest car insurance companies in the 10 most populated cities in Colorado.
Largest cities | Cheapest company | Average yearly rate for the cheapest company | Overall citywide average |
|---|---|---|---|
Denver | American National | $1,005 | $2,173 |
Colorado Springs | American National | $960 | $2,109 |
Aurora | American National | $1,036 | $2,211 |
Fort Collins | American National | $757 | $1,666 |
Lakewood | American National | $897 | $2,063 |
Thornton | American National | $879 | $1,966 |
Arvada | American National | $831 | $1,877 |
Westminster | American National | $854 | $1,897 |
Pueblo | American National | $959 | $2,149 |
Greeley | American National | $776 | $1,787 |
Buying car insurance in Colorado
Drivers are required to have car insurance in Colorado. The minimum amount of coverage required by law is:
Bodily injury liability coverage per person: $25,000
Bodily injury liability coverage per accident: $50,000
Property damage liability coverage: $15,000
It's particularly important to have car insurance because Colorado is an at-fault state. This means that the insurance of the driver who is found to be at-fault for an accident is responsible for paying for the other driver’s repair bills and medical costs.
Colorado drivers must have proof of insurance in their car at all times. If you are unable to show proof of car insurance when it’s requested, you may face serious penalties.
How to get cheap car insurance in Colorado
The cost of car insurance tends to increase in Colorado, even for good drivers. Fortunately, despite increasing rates there are a few simple tips for keeping your rates low, no matter who you are:
Drive safely: Avoid driving violations, especially accidents, if you want to get better rates.
Compare quotes: Compare rates from multiple companies to be sure you’re getting the cheapest coverage.
Bundle policies: Get your home, auto, renters or motorcycle insurance from the same company and you can save big.
Reshop: Shop around for car insurance every six months to a year to make sure you’re not missing out on better rates with another company .
Find car insurance in your city:
Frequently asked questions
How can I save on my car insurance in Colorado?
The best way to get a low car insurance rate in Colorado is to maintain your credit, avoid accidents and traffic violations, shop around for a policy every year or so, and bundle multiple policies with the same company.
Is Colorado a no-fault state?
No, Colorado is an at-fault state. The car insurance of the driver who is found to be at-fault for an accident is responsible for paying everyone’s related expenses.
Does Colorado require car insurance?
Yes, you are required to have car insurance in Colorado. Colorado requires that drivers have at least $25,000 per person/$50,000 per accident in bodily injury liability coverage and at least $15,000 in property damage liability coverage.
How much is car insurance per month in Colorado?
Drivers in Colorado pay an average of $154 per month for car insurance, or $1,852 per year.
