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Are you searching for the best car insurance in Colorado? Our team understands that it can feel overwhelming, so we are here to help.

A great insurance company should offer value and handle claims quickly – so you can spend your time enjoying life in the Centennial State. To get the best car insurance rates in Colorado, shop around and get quotes from multiple top providers to compare your options.

 
 

In this article:

Cheapest Car Insurance Colorado

According to our rate estimates for full coverage insurance, USAA is the cheapest auto insurance provider in Colorado. A 35-year-old driver with a clean driving history and good credit score may pay an average of about $89 per month or $1,070 annually with the company. Geico, Nationwide, and Progressive are also cheap options in the state.

Colorado Car Insurance Provider Average Monthly Cost Estimate Average Annual Cost Estimate
USAA $89 $1,070
Geico $100 $1,198
Nationwide $110 $1,324
Progressive $119 $1,426
Travelers $125 $1,504
Auto-Owners $151 $1,806
American Family Insurance $170 $2,034
 

Average Car Insurance Cost Colorado

According to our full coverage rate estimates, Colorado drivers pay an average of $141 per month or $1,688 per year for an insurance policy. This is just two percent below the national average of $1,732.

Many factors are taken into account when determining the price of your insurance premium, including:

  • Your age, gender, and marital status
  • Your driving history
  • Your zip code
  • Type of vehicle you want to insure
  • Annual amount of miles you drive

To find the cheapest rates, we recommend reaching out to multiple companies to compare car insurance offerings.

Cheapest Colorado Car Insurance: Young Drivers

Younger drivers are more likely to get into an accident, so they pay more for car insurance. In Colorado, young drivers with a clean driving record and good credit history pay an average of $2,198 per year.

Colorado Car Insurance Company Monthly Rate Estimate Annual Rate Estimate
Geico $101 $1,206
USAA $125 $1,497
State Farm $144 $1,729
Nationwide $172 $2,064
Progressive $178 $2,137
 

Cheapest Colorado Car Insurance: Speeding Tickets

Colorado drivers with a recent speeding ticket on their record can expect to pay more for full coverage car insurance. On average, drivers pay $2,045 per year after getting a speeding ticket.

Colorado Car Insurance Company Monthly Rate Estimate Annual Rate Estimate
USAA $110 $1,324
State Farm $117 $1,403
Nationwide $137 $1,638
Geico $139 $1,663
Progressive $155 $1,864
 

Cheapest Colorado Car Insurance: Recent Accidents

Having a recent at-fault accident on your record can cause your insurance rates to skyrocket in Colorado. Based on our rate estimate research, drivers pay an average of $2,500 per year for full coverage car insurance after an accident.

Colorado Car Insurance Company Monthly Rate Estimate Annual Rate Estimate
State Farm $126 $1,507
USAA $128 $1,532
Nationwide $175 $2,105
Progressive $185 $2,215
Travelers $185 $2,223
 

Cheapest Colorado Car Insurance: Bad Credit

Your credit score impacts your car insurance rates in Colorado. Drivers with poor credit can expect to pay an average of $2,862 per year for full coverage car insurance

Colorado Car Insurance Company Monthly Rate Estimate Annual Rate Estimate
Geico $146 $1,750
Nationwide $156 $1,866
USAA $186 $2,237
Travelers $200 $2,402
Progressive $209 $2,511
 

5 Best Car Insurance Companies In Colorado

Our team researched the top providers in Colorado and recommends Geico, State Farm, Progressive, Allstate, and Esurance. All of them performed well in our research of the best car insurance companies, in which we ranked providers on the following:

  • Financial strength
  • Availability
  • Customer service
  • Cost
  • Coverage
  • Technology

Overall, we think Geico is the best choice for Colorado car insurance because of its reputation for quick claims and low average cost.

Best Colorado Car Insurance Motor1 Rating Average Annual Cost

1. Geico Car Insurance

4.6

$1,198

2. State Farm Car Insurance

4.6

$1,300

3. Progressive Insurance

4.6

$1,426

4. Allstate Insurance

4.2

$2,705

5. Esurance Auto Insurance

4.0

N/A

 

*Not all providers were included in our rate estimates in each state.

 

#1 Geico Auto Insurance

If you’re looking for cheap car insurance rates in Colorado, Geico is a great place to start. The company tends to be an affordable option for many Coloradans, including young drivers and those with poor credit. 

The company wrote over $37 billion in premiums in 2021, according to the National Association of Insurance Commissioners (NAIC). It has an A++ financial strength rating from AM Best and an A+ rating from the Better Business Bureau (BBB).

In addition to standard coverages, Geico offers a unique coverage option called mechanical breakdown insurance, which is similar to an extended warranty. It applies to new or almost-new cars and covers repairs for mechanical items, minus exclusions.

Geico Pros Geico Cons
A+ rating from the BBB and A++ financial strength rating from AM Best Average quotes experience
Many choices for coverage  
High level of customer satisfaction  
 

To learn more about the car insurance provider, check out our Geico auto insurance review.


#2 State Farm Auto Insurance

It’s always a good idea to look at multiple companies when shopping for car insurance in Colorado. After Geico, State Farm is a great choice. State Farm is the largest car insurance provider in the U.S. and the largest insurer in Colorado specifically, according to the NAIC.

The company keeps customers’ budgets in mind – it cut rates by 4.7 percent in March 2018 and 3.7 percent in March 2019. In a state where rates have been on the rise, that can help many people save on their insurance.

State Farm performed above average on the J.D. Power 2021 U.S. Claims Satisfaction Study℠, and the company has an A+ rating from the BBB. State Farm's mobile app has a 4.6-star rating on Google Play and 4.8 on the App Store. Its other apps – Drive Safe & Save and Steer Clear, both of which provide discounts – also have similar ratings from thousands of State Farm customer reviews.

In addition to a range of standard coverage options, State Farm can provide coverage for travel expenses related to accidents, rideshare drivers, and roadside assistance. Depending on your situation, you could find a great rate on Colorado car insurance through State Farm.

State Farm Pros State Farm Cons
Largest auto insurer in the country Reported errors with autopay
Extensive selection of discounts for teens and students Not taking new customers in Massachusetts or Rhode Island
Positive customer reviews and easy quote process Higher rates than some competitors
Superior financial strength rating and A+ rating from the BBB  
 

To learn more about the auto insurance provider, check out our State Farm auto insurance review.


#3 Progressive Auto Insurance

Progressive offers some of the best car insurance for Colorado drivers who have a spotted driving history including DUIs or other reckless driving behavior. Progressive offers industry-exclusive tools and discounts that can help drivers save money on car insurance in Colorado.

Along with standard types of car insurance, you can get the following coverages:

  • Roadside assistance: Includes lockout services, fuel delivery, flat-tire changes, and towing
  • Loan/lease payoff: Covers the difference between your totaled car's market value and the amount you have left on your loan
  • Rental car reimbursement: Covers up to $50 per day for rental car reimbursement if your car is in the shop overnight for a covered repair
  • Custom parts and equipment coverage: Covers the cost of replacing aftermarket accessories after sustaining damage in a covered incident
  • Rideshare coverage: Covers Uber and Lyft drivers

Progressive also offers impressive discounts that give the company a leg-up on competitors, including the Snapshot® usage-based program. Once you're a customer, you can download this app on your phone to monitor safe driving habits that could qualify you for discounts. Progressive also offers the Name Your Price® tool, which lets you enter the amount you want to pay and get matched with Progressive car insurance plans that fit your budget.

Progressive Pros Progressive Cons
Easy quotes process Average claims process
Superior financial strength rating Mixed customer service reviews
Great choice for high-risk drivers Higher rates than some competitors
Several money-saving features  
 

Progressive also has discounts for good students, military personnel, and safe drivers. To learn more about this auto insurance provider, read our Progressive auto insurance review.


#4 Allstate Car Insurance

If you're looking for personalized service, Allstate provides great local agents for car insurance in Colorado. The provider has been in business since 1931, and it has earned an impressive industry standing with a financial strength rating of A+ from AM Best.

Some standout coverage options from Allstate include:

  • Personal umbrella insurance: Covers the cost of repairs after at-fault claims that exceed your policy's liability limits
  • Rideshare insurance: Best for drivers who want coverage while driving for a rideshare service like Uber or Lyft
  • Mexico travel insurance: Covers you while driving in Mexico
  • Drivewise®: A usage-based safe driving app that grants you up to 15 percent off for practicing good driving habits

While Allstate's rates tend to be higher than most competitors, it offers quality coverage with great customer service, which can be worth the extra cost.

Allstate Pros Allstate Cons

Works through a network of local agents

Expensive

Superior financial strength rating

Mixed customer reviews

Mileage-based discount program available

 
 

If Allstate car insurance interests you, read more about coverage in our Allstate auto insurance review.


#5 Esurance Auto Insurance

Esurance is owned by Allstate but has completely separate auto insurance coverage and discounts. The insurer has a solid industry reputation with a B+ rating from the BBB and an A+ rating from AM Best for financial strength.

Esurance also offers discounts that could help Colorado drivers save money on car insurance, including:

  • Fast 5 discount: Save five percent on your first term of coverage for starting an online quote in the car insurance buying process.
  • DriveSense: Esurance's app qualifies customers for safe driving discounts.
  • Fuelcaster: Get help finding cheap gas in your location.
  • Coverage counselor: Complete a short survey to determine which Esurance auto insurance plans would best fit your needs before you get a quote.
  • Esurance mobile app: File claims, manage the vehicles on your policy, view your insurance card, and more with the app.
  • E-Star: E-star facilities mark 1,400 repair shops within the Esurance network. If you choose one of these for repairs, repairs are guaranteed for the time you own the car.
Esurance Pros Esurance Cons

Superior financial strength rating from AM Best

High rates

Multiple apps and online tools to access your account

Customers cannot meet with agents in-person

 

Mixed customer service reviews

 

To find out more about this provider's coverage, read our complete Esurance auto insurance review.

If you are ready to compare auto insurance quotes to find the best Colorado car insurance for you, enter your zip code in the tool below.

 

What Is The Minimum Required Colorado Car Insurance?

Every state has financial responsibility laws that dictate what type of insurance is mandatory. Most states only require liability insurance – this type covers bodily injury and property damage for other people in accidents that you cause.

In the case of Colorado, you are required to carry the following minimum insurance coverage:

  • Bodily injury liability: $25,000 per person and $50,000 per accident
  • Property damage liability: $15,000 per accident

You’ll see these limits written as 25/50/15 when shopping for auto insurance in Colorado. Since these are liability coverage, they apply to other people in accidents you cause. It might sound like $25,000 is a good amount of bodily insurance coverage, but it can actually disappear pretty quickly. Bodily injury coverage pays for another party’s medical bills, lost wages, pain and suffering, and funeral costs. It can also pay for legal fees if someone sues you because of an accident.

According to the Insurance Information Institute, the average bodily insurance claim in 2018 was $15,785. Some states only require $15,000 in coverage, but the Colorado car insurance minimum gives you a bit more room. However, that’s just the average. If you happen to cause a more serious accident, you might have to pay well beyond that amount. Unfortunately, your insurance company won’t cover any more than your policy limits allow, and you’ll have to pay for the excess liability.


MedPay: Colorado Car Insurance State Suggestion

Even if you select the minimum requirements for coverage when shopping for car insurance in Colorado, you’ll notice that medical payments coverage (MedPay) is included automatically. MedPay covers your medical costs no matter who caused the accident. Colorado auto insurance regulations require carriers to offer $5,000 in MedPay when you request a quote. If you don't want MedPay coverage, you have to decline it in writing.

Should I Get MedPay Coverage?

Most Coloradans have at least $5,000 in MedPay. The policy only adds a few dollars to a monthly payment, and it can be a lifeline for people who don’t have health insurance since they can get treatment right away.

Another nice thing about MedPay is that it doesn’t carry a deductible. People who have health insurance can even use MedPay to pay their health insurance deductible to avoid out-of-pocket costs after an accident. MedPay in Colorado applies to anyone who is in your car at the time of the accident, whether they have a policy with MedPay or not.

Finally, health insurance companies have a right to reimbursement when you settle a bodily injury claim. For example, let’s say you were the victim in an accident and needed $10,000 in medical care. You filed a claim with the other driver’s insurance company and had to wait two years for settlement, but your own health insurance company paid for your care in the short term. After your claim was settled, your health insurance company required you to pay back the $10,000 you received for treatment.

However, health insurance companies can’t request reimbursement from MedPay claims. So, in the scenario above, let’s say you use $5,000 from MedPay and $5,000 from your health insurer. In that case, you would still get a $10,000 settlement, but you would only have to pay back $5,000 to your health insurance company.


Other Colorado Car Insurance Coverages

Below are a few more common types of car insurance in Colorado. These options are beyond the state minimum coverage requirements, but it can be a good idea to have them.

  • Collision: This pays for repairs to your car from damage caused by an accident. It can apply regardless of who is at fault. If you were not at fault in an accident, your Colorado car insurance company will seek reimbursement from the at-fault party.
  • Comprehensive car insurance: This pays for repairs not related to an accident, such as fire damage, flood, vandalism, and hail. Comprehensive coverage carries a deductible.
  • Underinsured motorist/uninsured motorist (UIM/UM): This coverage protects you from accidents caused by someone without enough insurance or none at all. While UM/UIM technically comes in bodily injury and property damage varieties, you can only get bodily injury UM/UIM under auto insurance in Colorado. That’s because your property damage liability also covers UM/UIM claims in Colorado.
  • Personal injury protection (PIP): This option covers medical bills no matter who is at fault. However, it can also cover lost wages, death benefits, and childcare costs after an accident, which MedPay doesn’t cover. PIP usually has a deductible, as well. PIP isn’t as common in Colorado today as it was before 2003 – that’s when Colorado switched from a no-fault system to a fault-based system.

Some Colorado auto insurance companies may offer extra options like:

  • Gap coverage: If your car is totaled, this option covers the difference between your car’s current value and the amount you have left to pay on your loan.
  • Roadside assistance plans: Many Colorado auto insurance companies can provide assistance with towing, jump-starts, spare installation, and more.
  • Accident forgiveness insurance: With this option, your average rates won’t go up because of one accident. Depending on the company, you can purchase this coverage or you can receive it as a reward for multiple claim-free years.
  • Rental reimbursement: This pays toward a rental car while your motor vehicle is in the shop after a covered repair. Insurance companies in Colorado can require you to have collision or comprehensive coverage to get this option.

Final Thoughts On Car Insurance In Colorado

Ultimately, the level of coverage you choose comes down to what you are most comfortable with, and the provider you select should be the one that’s best for your individual needs. We recommend getting car insurance quotes from several companies when shopping for Colorado auto insurance.

 
 

FAQ: Colorado Car Insurance

Who has the cheapest car insurance in Colorado?

According to our rate estimates, USAA offers the cheapest car insurance in Colorado at $1,070 per year on average for full coverage. However, not everyone qualifies for USAA. Geico offers the next best rate at $1,198 per year.

What is the best car insurance company in Colorado?

After comparing many providers on price, coverage, and customer service, we chose Geico as the best car insurance company in Colorado. Geico offers very affordable rates plus a wide range of coverage options for drivers to choose from.

How much does car insurance cost per month in Colorado?

Full coverage car insurance in Colorado costs $141 per month on average, or about $1,688 per year. What you pay depends on a number of personalized factors.


Methodology

In an effort to provide accurate and unbiased information to consumers, our expert review team collects data from dozens of auto insurance providers to formulate rankings of the best insurers. Companies receive a score in each of the following categories, as well as an overall weighted score out of 5.0 stars.

  • Industry Standing: Insurers with strong financial ratings and customer-first business practices receive the highest scores in this category.
  • Availability: We consider availability by state as well as exclusions for specific groups of drivers.
  • Coverage: This rating is based on types of insurance available, maximum coverage limits, and add-on policies.
  • Cost and Discounts: Our research team reviews auto insurance rate estimates generated by Quadrant Information Services for a variety of drivers in every state. Companies with lower prices and many car insurance discount opportunities receive the best scores.
  • Customer Service: We comb through customer reviews and consumer feedback studies from experts like J.D. Power.
  • Technology: Auto insurers with mobile apps, advanced online services and telematics are more likely to meet consumer needs.

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