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Best car insurance in Colorado for 2024

Updated Jul 01, 2024
According to Bankrate, Geico, State Farm, Progressive, American Family and Allstate are some of the best car insurance companies in CO.
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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Best car insurance companies in Colorado

To find the best auto insurance Colorado has to offer, Bankrate’s editorial team reviewed several facets of each carrier, including quoted premiums provided by Quadrant Information Services, coverage offerings and available discounts. We also examined third-party reviews from multiple sources, including overall customer satisfaction from the J.D. Power 2023 U.S. Auto Insurance Study and financial strength ratings from AM Best. Then, we assigned each a Bankrate Score on a five-point scale, indicating the provider’s overall competitiveness relative to other top insurers.

If you are looking for the best auto insurance in Colorado, you may want to consider the following auto insurance carriers: Geico, State Farm, Progressive, American Family and Allstate. Some of them even offer average rates below the Colorado average, which is $2,933 per year for full coverage and $536 for minimum coverage.

Insurance company
Bankrate Score
Info
Average full coverage rate Average min coverage rate
4.4
Rating: 4.4 stars out of 5
$1,728
$281
4.4
Rating: 4.4 stars out of 5
$3,295
$496
4.3
Rating: 4.3 stars out of 5
$2,896
$599
4.2
Rating: 4.2 stars out of 5
N/A
N/A
3.9
Rating: 3.9 stars out of 5
$4,078
$851

Geico

Best for discounts

Geico

4.4

Rating: 4.4 stars out of 5

Avg. full coverage premium

$144/mo

Avg. full coverage premium

$1,728/yr

Customer satisfaction

804/1,000

Progressive

Best for streamlined coverage packages

Progressive

4.4

Rating: 4.4 stars out of 5

Avg. full coverage premium

$275/mo

Avg. full coverage premium

$3,295/yr

Customer satisfaction

809/1,000

State Farm

Best for local offices

State Farm

4.3

Rating: 4.3 stars out of 5

Avg. full coverage premium

$241/mo

Avg. full coverage premium

$2,896/yr

Customer satisfaction

835/1,000

American Family

Best for coverage add-ons

American Family

4.2

Rating: 4.2 stars out of 5

Avg. full coverage premium

Not available

Avg. full coverage premium

Not available

Customer satisfaction

Not rated

Allstate

Best for telematics

Allstate

3.9

Rating: 3.9 stars out of 5

Avg. full coverage premium

$340/mo

Avg. full coverage premium

$4,078/yr

Customer satisfaction

801/1,000

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How Bankrate chose the best car insurance companies in Colorado

To find the best auto insurance in Colorado, Bankrate looked at a variety of factors that may be important to consider when choosing a car insurance provider. We started by collecting rate data from Quadrant Information Services to better understand pricing for the top companies.

We also awarded each Colorado auto insurance provider a Bankrate Score with a maximum of 5.0 points. Bankrate Scores are based on factors like financial strength, affordability, customer experience, online and mobile policy management tools, and availability. When comparing auto insurance providers, referencing Bankrate Scores and average rate data may help you identify the car insurance options that are right for you.

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Why you can trust Bankrate

Read our full methodology

To help Colorado drivers find the best car insurance, Bankrate’s insurance editorial team reviewed some of the largest insurers by market share. We based our picks on a well-rounded analysis of several metrics related to each company.

46

years of industry expertise

122

carriers reviewed

34.5K

ZIP codes examined

1.2M

quotes analyzed

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This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

How to find the best car insurance in Colorado

The best car insurance in Colorado may be different for everyone. Each driver requires specific coverage types that may or may not be available from certain insurers. Some drivers prioritize price, while others value customer service above all else. When you’re deciding which provider will work best, you may want to take into account the following.

New

What’s new in Colorado?
  • In October 2023, the Colorado Supreme Court began hearing a case that could potentially strike down insurance coverage for classic cars. The plaintiff is arguing that uninsured motorist insurance follows the driver, not the vehicle, so they could file a claim for classic cars they also own.
  • From 2022 to 2023, Colorado experienced the fifth-highest average full coverage rate increases in the country. Insurance experts point to the rising cost of parts and labor as a contributing factor, along with elevated levels of vehicle theft and poor post-pandemic driving habits.

Related content:

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This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

How much is car insurance in Colorado?

Colorado drivers pay an average annual premium of $536 for minimum coverage and $2,933 for full coverage, according to July 2024 rate data from Quadrant Information Services. Compared to the nationwide average annual premium of $2,278 for full coverage, Colorado’s average rate is higher. However, minimum coverage in Colorado costs about 22 percent less on average than the national average of $621 per year.

Although many factors contribute to Colorado’s rates, one reason the average cost of full coverage may be higher is the elevated number of fatal accidents in the Centennial State. Since 2011, accidents resulting in death in CO have been trending upward, with 754 incidents in 2022 compared to 400 in 2011. Car thefts have risen here more than in any other state, as well.

As such, insurance in Colorado is unsurprisingly more expensive than insurance in some neighboring states. For example, the average full coverage premium in Utah is $2,037 per year, and Wyoming drivers pay an average of $1,708 per year.

City Avg. annual full coverage premium Avg. savings vs. state average

Estimate your car insurance cost in Colorado

To help you get an idea of how much you might pay for car insurance, enter some basic information into Bankrate’s car insurance calculator below.

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Why we're asking
Methodology

Frequently asked questions

Methodology

Bankrate utilizes Quadrant Information Services to analyze July 2024 rates for ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2022 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should only be used for comparative purposes.

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46
years of industry expertise
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122
carriers reviewed
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34.5K
ZIP codes examined
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1.2M
quotes analyzed
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Written by
Natalie Todoroff
Writer, Insurance
Natalie Todoroff is an insurance writer and industry analyst for Bankrate. She is based in San Francisco and holds a personal lines insurance license in the state of California (CA license #4378151).
Edited by Editor, Insurance