Best cheap car insurance in Fort Collins for 2021

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Colorado has nearly four million drivers in Colorado, and every vehicle owner is required to carry a minimum amount of car insurance. In Fort Collins, the average cost of car insurance is $1,773 per year for a full coverage policy and $493 for a minimum coverage policy.

To find the best car insurance in Fort Collins, we compared some of the largest Colorado car insurance companies based on market share. Specifically, we evaluated each one based on its average rate, coverage options, discounts and third-party ratings.

Best car insurance companies in Fort Collins

Many insurance companies operate in Fort Collins, but based on our research, the best providers are American Family, State Farm, Geico and USAA. These providers stand out for offering affordable rates, good coverage options, impressive discounts and strong third-party ratings for overall customer satisfaction and financial strength. Here are the top providers organized by cheapest to most expensive full coverage premiums.

Insurance company J.D. Power customer satisfaction score
(Southwest region)
Average annual premium for minimum coverage Average annual premium for full coverage
Geico 829/1,000 $290 $982
USAA 863/1,000 $298 $1,173
American Family 850/1,000 $613 $1,373
State Farm 847/1,000 $444 $1,463

Geico

Based on our sample quote comparison, Geico has the cheapest car insurance in Fort Collins, with an average annual full coverage premium of $982. In addition to affordable coverage, Geico also offers some of the most comprehensive discounts in the industry. There are unique savings for military personnel, emergency deployment, federal employees, affinity groups, good students and having safety features in your vehicle, among many others.

USAA

USAA exclusively sells car insurance to active duty and retired military personnel. Fort Collins drivers who are eligible for USAA coverage can take advantage of the company’s excellent customer service, low rates and good discounts. Some of the discounts available through USAA include savings for garaging your vehicle on base, being a smart student, being a legacy customer, taking a defensive driving course and driving under a certain annual mileage.

American Family

In J.D. Power’s 2021 U.S. Auto Insurance Study, American Family ranked as the best company for overall customer satisfaction in the Southwest region (which includes Colorado). American Family offers affordable car insurance to drivers in Fort Collins, with good discounts and a wide range of endorsements. Drivers have the option to add roadside assistance, gap insurance, accident forgiveness, OEM coverage or rideshare insurance for more protection.

State Farm

State Farm is well known for offering low rates and generous discounts to drivers in Fort Collins. State Farm is one of the only car insurance companies that offer two safe driver rewards programs, including Steer Clear for drivers under 25 and Drive Safe & Save for drivers over 25. In addition, State Farm offers a number of common discounts, with savings for bundling policies, being claim-free, taking a driver training course and more.

Cheapest car insurance in Fort Collins

The average cost of car insurance in Fort Collins is $1,773 for a full coverage policy and $493 for a minimum coverage policy, which is much cheaper than the average rate in Colorado. For comparison, the average cost of car insurance in Colorado is $2,016 for full coverage and $168 for minimum coverage. Nationwide, the average rate is $1,674 for full coverage insurance.

Every car insurance company in Colorado charges a slightly different rate for coverage. In addition, personal factors like age, claim history and driving record will impact your rate. For comparison purposes, the table below highlights the cheapest car insurance rates in Fort Collins from the most popular carriers based on market share:

Insurance company Average annual premium for minimum coverage Average annual premium for full coverage
Geico $290 $982
USAA $298 $1,173
Auto-Owners $377 $1,574
State Farm $444 $1,463
Farmers $447 $1,731

These five providers offer the cheapest car insurance in Colorado. However, they are not all created equal. The best cheap provider for you might not be the cheapest option for your neighbor.

For example, you must be affiliated with the military in order to get coverage through USAA. Geico offers the cheapest average rates overall, but the coverage options are very limited. Farmers and Auto-Owners have slightly higher rates, but they offer lots of discounts and endorsements.

Another thing to consider is the third-party ratings for these companies. In J.D. Power’s most recent auto insurance study, USAA and State Farm were the only two providers rated above average. The rest of these companies are rated below average, or are not rated at all.

Fort Collins insurance requirements

In Fort Collins, drivers are required to carry a minimum amount of car insurance, which is abbreviated as 25/50/15. This includes the following personal liability coverages:

  • $25,000 in bodily injury coverage per person
  • $50,000 in bodily injury coverage per accident
  • $25,000 in property damage coverage per accident

While a minimum coverage policy is sometimes the cheapest option available, drivers should not opt for the least amount of coverage to get the cheapest rate. There is no guarantee that a minimum coverage policy will cover your full financial responsibilities in the event of an at-fault crash. In addition, drivers who lease or finance their vehicles are typically required to carry full coverage insurance until their loan is fully paid off.

Car insurance discounts in Fort Collins

One of the best ways to get affordable car insurance in Fort Collins is to take advantage of discounts. Most car insurance companies in Fort Collins offer savings, such as:

  • Multi-policy discount: Drivers who insure their vehicle and home with the same company can usually save money on their premium.
  • Pay in full discount: Paying your annual insurance premium upfront in one lump sum can often help you get a better rate.
  • Good student discount: Smart students who maintain a minimum GPA in school can sometimes qualify for a car insurance discount.
  • Safe vehicle discount: If your vehicle has certain safety features, like anti-lock brakes and airbags, you might qualify for a lower rate.

When comparing car insurance companies, it is a good idea to look at the percentage savings available for each discount, as this will differ between providers. For example, bundling your policies will usually yield large savings, whereas paying your annual premium in full usually comes with a much smaller discount.

Frequently asked questions

What is the best car insurance company?

The best car insurance company is different for every driver. It depends on factors like where you live, what type of coverage you need, how much you want to spend, what discounts you can qualify for and more.

How much does car insurance in Fort Collins cost?

In Fort Collins, the average cost of car insurance is $1,773 for full coverage and $493 for minimum coverage. However, keep in mind that car insurance rates are personalized based on things like your ZIP code, age, credit score and driving record.

How much car insurance do I need in Fort Collins?

Drivers in Fort Collins must carry at least 25/50/15 personal liability car insurance. However, it can be a good idea to raise your coverage limits for more protection or purchase a full coverage policy that includes protection for your vehicle.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 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 2019 Toyota Camry, 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.

Written by
Elizabeth Rivelli
Insurance Contributor
Elizabeth has two years of experience writing for insurance domains such as Bankrate.com, The Simple Dollar, Coverage.com and NextAdvisor, among others. In addition to auto insurance, Elizabeth regularly writes about home insurance, renters insurance and life insurance. She also covers industry trends and general insurance education.
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