- According to recent data, GEICO offers the cheapest full coverage car insurance in Colorado at $120 per month.
- Colorado drivers with a clean driving record pay 34% less for car insurance than drivers with a DUI.
- In Colorado, the city of Fruita has the most affordable car insurance rates at $1,861 annually.
- Comparing price quotes from multiple insurers can help you save up to 38% per year on your car insurance policy in Colorado.
The cheapest full coverage car insurance in Colorado is $120, saving you $75 compared to the average cost of insurance in the state, which is around $195 per month.
CarInsurance.com has done the homework for you. We analyzed rates from various auto insurance companies in Colorado, such as Geico, Progressive, State Farm and more, so you can effortlessly compare their rates to find the most affordable option.
“Drivers looking to get the cheapest insurance premiums in Colorado should maintain continuous coverage and avoid any lapse. When it comes to shopping for a new insurance company, discounts may be applied if the drivers have maintained continuous coverage, which will help lower the annual premium,” says Lauren Mckenzie, senior insurance agent, A Plus Insurance.
Which company offers the cheapest car insurance in Colorado?
GEICO offers the cheapest car insurance rates in Colorado for a full coverage policy with an average premium of $120 per month or around $1,445 per year, based on CarInsurance.com’s rate analysis.
A full coverage policy includes liability insurance, which is required by law in most states and optional coverage such as comprehensive and collision insurance, which typically have a deductible.
The below table shows the cheapest quotes in Colorado by different insurance carriers for a full coverage policy.
Cheapest car insurance rates in Colorado per month
| Company | Full coverage monthly rates |
|---|---|
| GEICO | $120 |
| Southern Farm Bureau | $148 |
| Kemper Insurance | $157 |
| State Farm | $162 |
| Allstate | $231 |
| Progressive | $233 |
| Auto-Owners | $239 |
| Farmers | $298 |
| Acuity Insurance | $314 |
| USAA* | $130 |
Note: USAA is only available to military community members and their families.
Who pays a lower insurance premium in Colorado?
Car insurance quotes vary based on several factors such as your age, location, driving record, credit score, driving habits and vehicle. Some insurance companies may offer cheaper policies for certain types of drivers than others. For instance:
- Married drivers pay 6% less than single drivers.
- Colorado drivers with clean records pay 34% less than drivers who have a DUI on their records.
- Colorado drivers in their 20s pay 52% lower rates for insurance than a 16-year-old in Colorado.
- Adding a teen to your policy will cost you 76% less than having the teen purchase their own auto insurance policy.
- Drivers who are licensed for three or more years pay 22% less on their insurance premiums.
- Drivers insured for three or more years can save up to 20% on their insurance costs.
Cheapest insurers for different coverage levels in Colorado
We all know that car insurance costs are different for everyone and can vary depending on your insurance company. Other than the insurer, your driving record and coverage levels also play a role in determining your premium.
Besides full coverage, there are liability-only and state-minimum car insurance policies. Liability only covers injuries and property damage to others in an accident.
Not all insurers offer the same coverage limits at the same price point. For instance:
- GEICO is the cheapest for a state minimum policy.
- GEICO has the cheapest rates for a liability-only policy (50/100/50).
- GEICO offers the cheapest car insurance for a full coverage policy (100/300/100) in Colorado.
The numbers above (100/300/100) represent up to $100,000 bodily injury with $300,000 bodily injury per accident and up to $100,000 for property damage.
Cheapest state minimum coverage in Colorado
State laws require all drivers to maintain a minimum level of car insurance coverage, also known as the state’s minimum coverage requirements. In Colorado, you must have at least the following insurance coverage on your car.
| Minimum coverage | Minimum limit |
|---|---|
| Minimum bodily injury liability | $25,000/$50,000 |
| Minimum property damage liability | $15,000 |
Read more about the minimum liability car insurance requirements by state
Below, you’ll see average annual rates for major insurance providers in Colorado, ranked from cheapest to most expensive for state minimum coverage.
| Company | State minimum annual rates |
|---|---|
| GEICO | $227 |
| Southern Farm Bureau | $228 |
| State Farm | $387 |
| Kemper Insurance | $400 |
| Auto-Owners | $400 |
| Progressive | $404 |
| Acuity Insurance | $582 |
| Allstate | $761 |
| Farmers | $824 |
| USAA* | $283 |
Note: USAA is only available to military community members and their families.
Cheapest insurance providers for liability-only coverage in Colorado
Liability-only coverage will financially protect you up to the specific policy limits for any damage, injuries or deaths resulting from an accident for which you’re responsible.
Here are the average annual rates for liability insurance coverage from major carriers in Colorado, ranked in the order of the cheapest to the most expensive. The coverage limits for these rates are $50,000 for bodily injury per person, $100,000 for bodily injury per accident and $50,000 for property damage.
| Company | Liability only annual rates |
|---|---|
| GEICO | $347 |
| Southern Farm Bureau | $441 |
| State Farm | $538 |
| Kemper Insurance | $593 |
| Progressive | $675 |
| Auto-Owners | $688 |
| Acuity Insurance | $781 |
| Allstate | $1,062 |
| Farmers | $1,744 |
| USAA* | $427 |
Note: USAA is only available to military community members and their families.
Cheapest full coverage in Colorado
Full coverage car insurance policies consist of comprehensive and collision insurance. Comprehensive and collision protect against accidents, theft, vandalism and natural disasters.
Ideally, full coverage means you have insurance that’s appropriate for your income, assets and risk profile. Lenders require full coverage from those who finance their cars.
The table below shows the average annual rates from major insurance providers in Colorado, listed by cost, for a full coverage policy of $100,000 for bodily injury per person, $300,000 for bodily injury per accident and $100,000 for property damage, with comprehensive and collision coverage and a $500 deductible.
| Company | Full coverage annual rates |
|---|---|
| GEICO | $1,445 |
| Southern Farm Bureau | $1,780 |
| Kemper Insurance | $1,878 |
| State Farm | $1,950 |
| Allstate | $2,774 |
| Progressive | $2,796 |
| Auto-Owners | $2,874 |
| Farmers | $3,578 |
| Acuity Insurance | $3,769 |
| USAA* | $1,559 |
Note: USAA is only available to military community members and their families.
Learn more about who has the cheapest full coverage auto insurance
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Cheapest car insurance in Colorado by driving history
In Colorado, driving history significantly impacts car insurance costs. Insurance companies use this information to evaluate the risk of insuring a driver. Drivers with clean records pose less risk, leading to lower premiums.
Insurance companies consider traffic violations like speeding tickets, DUIs and at-fault accidents as indicators of risky driving behavior. So, they charge higher premiums to drivers with these violations on their record.
In Colorado, drivers with a history of such violations typically pay $688 more annually than drivers with clean records.
Cheap car insurance rates in Colorado after a speeding ticket
A speeding ticket can impact your Colorado car insurance rates, but finding affordable options is still possible. Among the carriers analyzed, State Farm has the cheapest car insurance premiums for individuals with a speeding ticket at an average cost of $1,753 a year.
| Company | Rates before speeding | After speeding (1-29 mph over limit) | % difference | $ difference |
|---|---|---|---|---|
| State Farm | $1,633 | $1,753 | 7% | $120 |
| Nationwide | $1,410 | $2,032 | 44% | $621 |
| GEICO | $1,310 | $2,241 | 71% | $931 |
| Progressive | $1,895 | $2,426 | 28% | $530 |
| Allstate | $2,213 | $2,438 | 10% | $224 |
| Auto-Owners | $2,199 | $2,547 | 16% | $349 |
| Kemper Insurance | $1,916 | $2,583 | 35% | $667 |
| Farmers | $2,579 | $3,260 | 26% | $681 |
| American Family | $3,348 | $3,732 | 11% | $385 |
| USAA* | $1,269 | $1,574 | 24% | $305 |
Note: USAA is only available to military community members and their families.
Cheapest car insurance premiums in Colorado after a DUI conviction
Colorado drivers with a DUI on their record can get the cheapest car insurance from State Farm at an average of $1,753 a year, followed by Progressive with an annual premium of $2,211 annually, based on recent data.
If you have a clean record, you are likely to pay 34% less for car insurance than someone with a DUI.
| Company | Rates before DUI | Rates after a DUI | % difference | $ difference |
|---|---|---|---|---|
| State Farm | $1,633 | $1,753 | 7% | $120 |
| Progressive | $1,895 | $2,211 | 17% | $316 |
| GEICO | $1,310 | $2,695 | 106% | $1,385 |
| Nationwide | $1,410 | $2,716 | 93% | $1,306 |
| Allstate | $2,213 | $2,899 | 31% | $686 |
| Farmers | $2,579 | $3,456 | 34% | $876 |
| American Family | $3,348 | $3,732 | 11% | $385 |
| Auto-Owners | $2,199 | $3,737 | 70% | $1,538 |
| Kemper Insurance | $1,916 | $4,259 | 122% | $2,343 |
| USAA* | $1,269 | $2,635 | 108% | $1,366 |
Note: USAA is only available to military community members and their families.
Cheap car insurance rates after an at-fault accident in Colorado
State Farm is the cheapest car insurance company for drivers with a history of at-fault accidents with an annual premium of $1,873.
Nationwide is the second most affordable option, providing full-coverage car insurance with an average annual premium of $2,135.
If you’re found at fault in an accident, it can significantly raise your insurance premiums. Insurance companies view at-fault incidents as a sign of higher risk, leading to higher costs for coverage.
| Company | Rates before accident | Rates after accident | % difference | $ difference |
|---|---|---|---|---|
| State Farm | $1,633 | $1,873 | 15% | $240 |
| Nationwide | $1,410 | $2,135 | 51% | $725 |
| GEICO | $1,310 | $2,287 | 75% | $978 |
| Kemper Insurance | $1,916 | $2,634 | 37% | $718 |
| Progressive | $1,895 | $2,889 | 52% | $994 |
| Auto-Owners | $2,199 | $3,158 | 44% | $960 |
| Allstate | $2,213 | $3,334 | 51% | $1,121 |
| Farmers | $2,579 | $3,551 | 38% | $972 |
| American Family | $3,348 | $3,864 | 15% | $517 |
| USAA* | $1,269 | $1,846 | 45% | $577 |
Note: USAA is only available to military community members and their families.
Check out the most affordable insurance options in your neighboring state
Cities with the lowest auto insurance rates in Colorado
Your location plays a key role in determining your car insurance premium. Insurance companies analyze claim data in your area to assess the risk of insuring you. Areas with higher accident rates or theft statistics have higher premiums.
In Colorado, Fruita stands out as the city with the lowest auto insurance rates, at an average of $1,861 per year.
Insurers base these rates on various factors such as theft statistics, collision rates and incidents of vandalism to assess risk in different areas. Additionally, your individual driving history, vehicle make and age play a role in calculating the premiums you pay.
The table below shows a list of cities in Colorado with the most affordable car insurance rates.
| City | Full coverage annual rates |
|---|---|
| Fruita | $1,861 |
| Redlands | $1,868 |
| Grand Junction | $1,879 |
| Orchard Mesa | $1,884 |
| Clifton | $1,894 |
| Loma | $1,894 |
| Glade Park | $1,906 |
| Mack | $1,936 |
| Whitewater | $1,941 |
| Palisade | $1,942 |
Learn about the 10 most important factors that affect car insurance rates
Average savings on car insurance in Colorado
If you compare car insurance quotes, you could enjoy an annual saving of around 38% on a full coverage policy in Colorado.
While the actual savings may differ for each person, comparing price quotes before buying a policy can help you find affordable insurance.
Car insurance discounts in Colorado: Save on premiums
In Colorado, car insurance companies offer various discounts to drivers, such as safe driver and bundling discounts to help you save on your premiums. Learn more about some common car insurance discounts in Colorado below.
| Discount type | % difference | $ difference |
|---|---|---|
| Air bags | 2% | $33 |
| Anti-theft device | 2% | $57 |
| Daily commute | 11% | $301 |
| Days advanced purchase | 7% | $183 |
| Education | 25% | $524 |
| Electronic funds transfer | 3% | $83 |
| Electronic signature | 10% | $202 |
| Homeowner | 7% | $166 |
| Lower annual mileage | 5% | $101 |
| Loyalty – years renewal with company | 9% | $219 |
| Marital status | 6% | $132 |
| Multi policy | 9% | $223 |
| Paperless/electornic documents | 4% | $99 |
| Payment type | 10% | $272 |
| Primary use | 11% | $284 |
| Profession | 9% | $189 |
| Safety devices | 3% | $67 |
| Telematics | 9% | $188 |
| Years insured | 19% | $537 |
| Years licensed | 21% | $909 |
The bottom line on cheap car insurance in Colorado
Based on our research, if you are a good driver, GEICO is the cheapest in Colorado for a full coverage policy.
We know that finding the best and cheapest auto insurance coverage is essential, but so is getting the right amount of protection.
The best way to find affordable car insurance in Colorado is to know and understand the coverage you need, compare quotes, apply for discounts and maintain a clean driving record. Even if you have tickets or accidents, it’s still possible that the company will offer you a policy at affordable rates.
Resources &Methodology
Methodology
CarInsurance.com commissioned Quadrant Information Services to field rates in 2023 from all the major insurers in nearly every ZIP code of Colorado for three different coverage levels:
- Full coverage policy with limits 100/300/100, including comprehensive and collision coverage and a $500 deductible.
- Liability-only with limits 50/100/50.
- State-minimum car insurance limits of 25/50/15.
The rates are based on the sample profile of a 40-year-old male and female driving a Honda Accord LX with a clean driving record and a good credit score. We have compared 53,409,632 car insurance quotes from 75 company groups across 34,588 ZIP Codes.
Violations:
Car insurance rates are calculated by evaluating the sample profile of a 40-year-old driver for a full coverage policy with limits 100/300/100, including comprehensive and collision coverage, and a $500 deductible, with the following incidents applied: clean record, at-fault accident, DUI conviction and speeding ticket.
Discounts:
Car insurance discount rates are for a full coverage policy with limits of 100/300/50 and a $500 comprehensive and collision deductible based on the sample profile of a 40-year-old male driver. To gather the data, our data experts compared 2,677,890 insurance quotes across various ZIP Codes.
The rates are for comparison purposes only and your exact rates may vary.
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