Non-owner car insurance is perfect for those who drive occasionally but don’t own a car. It provides liability coverage, ensuring that any damages or injuries you cause to others while driving someone else’s car are covered. With this insurance, you can drive knowing you’re financially protected.
Non-owner car insurance generally costs less than standard car insurance because it doesn’t cover the vehicle you’re driving. However, insurance rates vary based on your age, driving history and location.
Carinsurance.com Insights
- Non-owner car insurance costs an average of $24 a month in Colorado for the coverage limit of 25/50/15.
- The non-owner car insurance rate is $282 per year—lower than liability-only coverage of $717 for Colorado drivers.
- Auto-Owners offers the cheapest non-owner car insurance rates in Colorado at an average cost of $5 per month.
Do I need non-owner car insurance in Colorado?
Non-owner car insurance in Colorado is crucial for individuals who frequently rent or borrow vehicles. It provides liability coverage if you cause an accident while driving a vehicle not owned by you, protecting you from potential out-of-pocket expenses. It can also supplement any existing coverage the car owner may have.
Non-owner car insurance is ideal for those who occasionally rent or borrow cars for personal or business purposes. Rather than opting for the expensive insurance offered by rental companies, you can get non-owner car insurance that offers similar coverage at a more affordable price.
Furthermore, maintaining continuous insurance coverage, including non-owner insurance when you’re between cars, can help keep your insurance rates low in the future. It can protect you if you’re involved in an accident and are found to be at fault. However, it doesn’t provide coverage for the vehicle you’re driving.
Average non-owner car insurance cost in Colorado
Non-owner car insurance costs an average of $24 a month and $282 per year in Colorado for the coverage limit of 25/50/15.
This rate can vary depending on factors such as your driving history, age, location and the insurance company.
Cheapest non-owner car insurance companies in Colorado
Auto-Owners offers the cheapest non-owner car insurance rates in Colorado at an average cost of $5 per month, based on CarInsurance.com’s analysis. Other than Auto-Owners, Geico and State Farm also have cheap non-owner insurance premiums.
Non-owner auto insurance rates may vary based on your driving record, ZIP code, and coverage needs. It’s a good idea to compare quotes from multiple insurers to find the best rate for your specific situation.
See the cheapest companies for non-owner car insurance in Colorado in the table below.
| Company | Annual full coverage rates | Monthly full coverage rates |
|---|---|---|
| Auto-Owners | $63 | $5 |
| Geico | $145 | $12 |
| State Farm | $240 | $20 |
| Kemper | $244 | $20 |
| Southern Farm Bureau | $349 | $29 |
| Acuity Insurance | $394 | $33 |
| Progressive | $471 | $39 |
| Farmers | $529 | $44 |
| USAA* | $126 | $11 |
Non-owner car insurance in Colorado, by age and gender
Non-owner car insurance costs in Colorado vary by age and gender. If you add a male teen driver to your car insurance, expect to pay an average of $611 monthly, whereas if you add a 16-year-old female, you’ll pay $571 per month, based on CarInsurance.com’s analysis.
Young drivers, both male and female, typically pay higher insurance rates. Inexperienced drivers are more likely to be involved in accidents, which increases the risk for insurance companies. As drivers age, they gain more experience behind the wheel and thus pay lower rates compared to teen drivers in Colorado.
The table below shows the cost of non-owner car insurance based on age and gender.
| Driver age | Male | Female |
|---|---|---|
| Teens (16-19) | $525 | $491 |
| Young Adults (20-24) | $368 | $356 |
| Adults (25-60) | $282 | $285 |
| Seniors (65-75) | $310 | $305 |
Compare non-owner car insurance rates in neighboring states
Non-owner auto insurance in the biggest Colorado cities
In Fort Collins the average cost of non-owner auto insurance is $24 per month or $285 per year, and Greeley drivers pay $24 a month for the same coverage.
In Colorado, car insurance rates differ by city, as insurance companies assess the frequency of accidents, theft and vandalism when determining non-owner car insurance premiums.
The cost of living also determines the premiums. In areas with higher costs of living in Colorado, you can expect to pay more for non-owner insurance.
See the table below for the cost of non-owner car insurance in your city.
| City | Annual full coverage rates | Monthly full coverage rates |
|---|---|---|
| Fort Collins | $285 | $24 |
| Greeley | $286 | $24 |
| Pueblo | $304 | $25 |
| Lakewood | $308 | $26 |
| Denver | $310 | $26 |
| Arvada | $311 | $26 |
| Colorado Springs | $316 | $26 |
| Westminster | $322 | $27 |
| Thornton | $324 | $27 |
| Aurora | $327 | $27 |
Affordable non-owner insurance in Colorado, by ZIP code
In Colorado, a 40-year-old driver living in ZIP code 81652 pays $244 a year or $20 per month for non-owner insurance, while the coverage costs $245 a year or $20 per month for a driver in ZIP code 81422 with a clean driving record.
When should you consider buying non-owner car insurance in Colorado?
Non-owner car insurance is designed for individuals who do not own a vehicle but still need coverage for the times they drive a car that is not their own. This type of insurance typically provides liability coverage, which means it will cover any damages or injuries that you may cause to others while driving someone else’s vehicle.
Non-owner car insurance provides coverage for accidents and can serve as an additional layer of protection that complements the car owner’s current policy. It reassures the car owner that they won’t have to worry about their insurance rates going up due to an accident caused by another driver.
For example, if you are driving a friend’s car and they only have minimum liability coverage, your non-owner insurance can help cover any additional expenses if the accident exceeds their policy limits.
Moreover, maintaining continuous insurance coverage is important for keeping your future insurance rates low. This includes having non-owner car insurance when you may not own a vehicle. Insurance companies often view gaps in coverage as high-risk behavior, which can result in higher premiums.
Maintaining non-owner car insurance during this time proves your commitment to continuous coverage, helping to keep your insurance rates more affordable in the long run.
Final thoughts on non-owner car insurance in Colorado
Non-owner car insurance is a good option in Colorado to get auto insurance liability coverage if you rent or borrow vehicles occasionally, use a car-sharing service or need to file an SR-22 form.
Non-owner car insurance is a valuable type of coverage for individuals who frequently rent or borrow vehicles. It provides liability protection while driving someone else’s car and can supplement any existing coverage the car owner may have.
By maintaining continuous coverage with a non-owner car insurance policy, you can keep your rates lower in the future. If you regularly use rented or borrowed vehicles, get quotes from multiple insurance companies to ensure you get the best deal.
Resources & Methodology
Methodology
CarInsurance.com gathered data on non-owner car insurance rates from Quadrant Information Services. The rates are for non-owner state minimum liability only and the coverage limit varies by state.
To determine non-owner car insurance rates for different companies, CarInsurance.com used a sample profile of a 40-year-old male and female driver who owns a Honda Accord LX with no traffic violations on his record. We compared 53,409,632 insurance quotes across 34,588 ZIP codes from 170 insurance companies in the U.S.
Insurance company: Based on the analysis, we have created lists of the companies that offer non-owner insurance. USAA also made it to the list, but it provides services only to current and former military members and their families.
Age group: Non-owner car insurance rates are calculated by evaluating the sample profile for different age groups.
- Teens: Age 16-19
- Young adults: Age 20-24
- Adult drivers: Age 25-60
- Senior drivers: Age 65-75
To get non-owner car insurance rates for different cities and age groups we have compared 53,409,632 car insurance quotes across 34,588 ZIP codes from 75 company groups nationwide. These are sample rates and should only be used for comparison purposes.
These are sample rates and should only be used for comparison purposes.
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