Colorado’s population has climbed significantly over the years. More than 4,244,000 residents have a driver’s license in the Centennial State. That means more than four million people in Colorado need to have car insurance.
Best car insurance companies in Colorado
According to J.D. Power’s 2020 U.S. Auto Insurance Study and our own expertise in the industry with evaluating providers, the best car insurance in Colorado comes from one of these car insurance companies.
|Provider||Average annual full coverage premium||J.D. Power customer satisfaction score|
Allstate offers a variety of coverage options, including accident forgiveness, roadside assistance and preferred repair services. If you don’t drive a lot, you can take advantage of the program for drivers with low annual mileage, and rideshare drivers can get extra protection for when they are on the job. Allstate offers plenty of discounts to help people save more on their premiums.
American Family is known for offering unique auto insurance discounts for a number of things, including switching their car insurance from a competitor. They also offer a volunteer discount for young drivers under the age of 25. We recommend American Family to any driver who wants to take advantage of discounts.
If you are trying to save money, consider getting a quote from Geico. Geico has the lowest average premiums, partly thanks to its wide network and extensive discount list. While you will still want to get several quotes because rates will depend on your circumstances, Geico has a strong chance of being in the lower range of rates for a lot of people. The provider also offers some unique benefits, such as insurance in Mexico if you want to take a road trip there.
If you just want basic insurance coverage with the standard discounts, Progressive has what you need. The provider also offers a few additional coverage options, like gap insurance coverage and rental car reimbursement if you need a car for a while if you got in an accident and your vehicle needs repairs. Options like roadside assistance and loan/lease payoff can help you have greater peace of mind when you’re driving.
We chose State Farm for the safe driver and safe vehicle discounts, along with a few other categories of discounts, like savings for loyal customers. If you’re confident in your safe driving skills, State Farm has a few programs that can save you money on your premium, including one for young drivers to learn safe driving habits. State Farm also has additional coverage options that can help you customize your policy for your circumstances.
Average car insurance cost in Colorado
In Colorado, the average annual cost of car insurance is $466 for minimum coverage and $2,004 for full coverage. Compared to the nationwide average cost of car insurance of $1,738, Colorado’s rates are much higher than what the average American pays for car insurance.
|Average annual premium for minimum coverage in Colorado||Average annual premium for full coverage in Colorado|
How to get the best car insurance
Car insurance is personalized to each driver, depending on rate factors such as where you live, the car you drive, and your driver history. When searching for the best car insurance in Colorado for you, consider your needs for car insurance coverage:
- Evaluate your needs: Your car lender may have different requirements for your insurance coverage, so check with them before purchasing to make sure you get the appropriate coverage limits and deductibles. Also consider if you have circumstances that will affect your rate, such as having teenagers, poor credit or a history of accidents.
- Consider state factors: One of the main components of what makes up the price of your car insurance Colorado is the minimum amount of car insurance required by your state. According to the Colorado General Assembly, the minimum coverage limits for liability insurance, which provides coverage for bodily injury and property damage, are $25,000 for bodily injury or death to any one person in an accident, $50,000 for bodily injury or death to all persons in any one accident, and $15,000 for property damage in any one accident.
Car insurance discounts in Colorado
There are a number of available auto insurance discounts from providers in Colorado, but they will vary from agency to agency. If you’re switching insurance companies, ask if they offer a transfer discount because you may be able to save money by switching companies.
|Discount||Allstate||American Family||Geico||Progressive||State Farm|
|Automatic payment/paperless billing||X||X|
|Defensive driving course||X||X||X|
|Low annual mileage||X||X||X|
|Occupational or organizations||X||X|
|Safe driver/accident free||X||X||X||X||X|
Frequently asked questions
What do I need to get car insurance in Colorado?
To get car insurance in Colorado, you’ll need a few things to make the process happen quickly. This includes your VIN and license plate number, current mileage and mileage driven every year, personal information and current coverage limits or minimum required by your lender.
How quickly can I get car insurance in Colorado?
If you have all of your documentation together and you have no problems with your driving record, you may be able to get coverage as soon as the next business day. Get a quote with a few reputable lenders to see how soon they can offer you coverage.
Is Colorado a no-fault state for car insurance?
No, Colorado is considered an at-fault state. That means the driver who causes an accident is responsible for paying for the other driver’s losses through their car insurance.
Bankrate utilizes Quadrant Information Services to analyze rates for all ZIP codes and carriers in all 50 states and Washington, D.C. 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 coverages that meet each state’s requirements. Our sample drivers own a 2018 Honda Accord, commute five days a week and drive 12,000 miles annually.
These are sample rates and should be used for comparative purposes only. Your quotes may be different.