Cheap Car Insurance in Colorado
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Between unpredictable mountain weather, busy city traffic, and rising costs of living, owning a car in Colorado can get expensive. Every dollar you save matters, making affordable car insurance in Colorado more critical than ever.
Car insurance is required by state law, but that doesn’t mean you should overpay for it. We’ll walk you through the average insurance costs across the state, which companies offer the best rates, and what you can do to lower your premium. Whether you live in Denver, Colorado Springs, Boulder, or the Western Slope, we’ll help you find cheap car insurance in Colorado that fits your budget.
Average Car Insurance Premiums in Colorado
On average, car insurance in Colorado costs about $3,225 per year for full coverage and $569 annually for state minimum coverage. That’s slightly above the national average for full coverage, which is around $2,679. However, it’s cheaper than the average state minimum of $808 per year.
Several things may influence the higher-than-average full coverage insurance in Colorado:
- Heavy snowfall and winter driving hazards
- Dense traffic in urban areas
- High rates of auto theft and hail damage
- Rising repair and healthcare costs
Still, with the right strategy and provider, you can lock in affordable insurance in Colorado that meets your needs without overpaying.
Top Affordable Car Insurance Companies in Colorado
When you’re looking for cheap insurance in Colorado, it’s smart to start with companies that have a good mix of low prices and reliable service. Here’s a breakdown of some of the most affordable providers in the state, based on average annual premiums:
| Company (click to see reviews) | Average Annual Premium in Colorado |
|---|---|
| The Hartford | $1,517 |
| Travelers Insurance | $1,542 |
| AAA Insurance/Auto Club | $1,549 |
| Dairyland Insurance | $1,587 |
| American Family Insurance | $1,588 |
| State Farm | $1,635 |
| Nationwide Insurance | $1,721 |
| Esurance | $1,727 |
| Liberty Mutual | $1,746 |
| USAA (military families only) | $1,754 |
| Allstate | $1,764 |
| Safeco | $1,767 |
| Farmers Insurance | $1,843 |
| Progressive Insurance | $1,845 |
| The General | $1,864 |
While your exact insurance quotes will vary based on your situation, this list is a great place to start to find the cheapest insurance in Colorado that meets your needs
Best Budget-Friendly Insurer
If your main goal is to find the cheapest car insurance Colorado has to offer, you want to focus on premiums first and put together a list of the cheapest options. From there, review all the carrier’s features, service ratings, and financial stability. Then select the best overall provider. However, keep in mind that quality insurance is about more than just cheap premiums.
Best for Comprehensive Coverage
If you are looking for more than just basic protection, review all the options each carrier offers and choose those with options that best suit your needs. For example, if you have a financed vehicle, you may prefer an insurer that offers GAP as an option. Compile a list of suitable options and choose the best price from that group.
Need help finding the right company? Start with our Colorado car insurance guide to learn more about coverage types and providers.
Key Factors Affecting Car Insurance Rates in Colorado
Car insurance costs can vary a lot, as many personal and local factors affect your rate. Here’s what can drive your insurance prices up or down in Colorado:
- Local weather risks: Snowstorms, hail, and ice lead to more accidents and damage claims.
- Population density: Urban areas such as Denver and Aurora have higher rates of accidents and thefts.
- Driving history: Having a clean Colorado driver's license with no tickets, accidents, or DUIs can help keep those rates low.
- Age and experience: Younger drivers typically pay more because they’re considered higher risk.
- Vehicle type: Expensive or high-performance cars cost more to insure.
- Credit score: In Colorado, your credit score may still be used to calculate your premium.
Understanding these factors helps you know what insurers are looking at and where you can make improvements to save money over time.
Tips To Save on Car Insurance in Colorado
You can lower your Colorado insurance premiums in several ways. Here are some steps you can take:
- Bundle policies: Combine your auto and home or renters insurance for a discount.
- Keep your record clean: Avoid tickets and accidents for the best rates.
- Ask about discounts: Good student, low mileage, safe driver, and military discounts can all help.
- Raise your deductible: Choosing a higher deductible — the amount you pay out of pocket before insurance covers a damage claim — can lower your monthly cost.
- Drive less: Usage-based or pay-per-mile programs can save money if you drive under 10,000 miles per year.
- Shop around every 12 months: Rates change, and you might find a better deal elsewhere.
Compare Quotes To Find the Cheapest Car Insurance for You
Even two people with the same car and ZIP code can get significantly different quotes. That’s why comparing personalized quotes is key to finding the best deal.
To get the most accurate comparison, make sure you:
- Provide the same info to each insurer (same coverage limits, deductible, etc.)
- Ask for quotes on state-minimum and full coverage insurance
- See if they offer online tools or local agents for support for additional discounts
Don’t settle for the first offer — get at least three to five quotes to see what your options are. Start comparing Colorado car insurance quotes and see how much you could save today. EverQuote’s online interface lets you compare multiple insurance quotes in one place.
FAQs
Who has the cheapest car insurance in Colorado?
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Who normally has the cheapest car insurance in Colorado?
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Premiums are sourced from over 30,000 zip codes across 200 insurance companies. We estimate premiums based on public filings for policies seeking 50/100 in liability with $500 deductibles for collision and comprehensive coverage. Estimated rates are based on a 35-year-old single female with a good credit score and no history of accidents or violations driving a 2023 Toyota RAV4 LE. We partner with Quadrant Information Services to source our data and assume no unique benefits or discounts are applied for these rates (unless otherwise stated). Your own rates may be different.