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 is usually cheaper than standard car insurance since it doesn’t cover a Colorado driver’s vehicle. The cost varies depending on factors such as driving record, age, years of driving experience and location.
- 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.
One common scenario where non-owner car insurance comes into play is when individuals frequently rent cars for personal or business use. Instead of purchasing insurance through the rental car company, which can be expensive, non-owner car insurance can provide similar coverage at a more affordable cost.
Additionally, keeping continuous insurance coverage, such as non-owner insurance when you’re between vehicles, can help keep your insurance premiums lower in the future. It offers coverage if you’re involved in an accident and deemed at fault. However, it does not cover the vehicle you are driving.
Average non-owner car insurance cost in Colorado
Non-owner car insurance costs $24 a month or $282 per year in Colorado for coverage limits of 25/50/15.
This rate may be higher or lower based on your driving profile, age, location and insurance company.
Cheapest non-owner car insurance companies in Colorado
CarInsurance.com’s analysis shows that Auto-Owners offers the most affordable non-owner car insurance rates in Colorado, at $5 per month. Other insurers like Geico and State Farm also offer affordable premiums.
Your non-owner auto insurance rate may vary based on your driving history, ZIP code and coverage limits. Comparing quotes from multiple insurers can help you find the best insurance policy at affordable rates.
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 |
Note: *USAA is only available to military community members and their families.
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.
Both male and female teen drivers usually pay higher insurance premiums because they are considered higher risk due to their inexperience. As drivers age and gain more experience, they generally see a decrease in their insurance costs in Colorado.
See how much you’ll pay for non-owner car insurance by age and gender in the table below.
| 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 is another factor that influences non-owner car insurance rates. Cities with higher costs of living in Colorado generally pay higher insurance premiums, including non-owner car insurance.
See how much you’ll pay for non-owner car insurance in your city in the table below.
| 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 provides coverage for drivers who don’t own a car but still need insurance while driving someone else’s vehicle. This insurance primarily covers liability, helping you pay for any damages or injuries you may cause to others in the event of an accident.
In addition to covering accidents, non-owner car insurance can help fill in gaps, offering extra protection on top of the car owner’s existing policy. It gives the car owner peace of mind, knowing their insurance rates won’t increase because of an accident caused by someone else.
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.
Keeping continuous insurance coverage is key to securing lower rates in the future. This includes having non-owner car insurance when you don’t own a vehicle. Insurance companies often see gaps in coverage as a sign of high risk, which could lead to higher premiums.
By having non-owner car insurance during these gaps, you are demonstrating responsible and continuous insurance coverage, which can help keep your rates low in the future.
Final thoughts on non-owner car insurance in Colorado
Non-owner car insurance in Colorado is ideal for those who rent or borrow vehicles, use car-sharing services or are required to file an SR-22 form.
Non-owner car insurance provides valuable liability protection for individuals who regularly rent or borrow cars while behind the wheel. It can also work alongside the car owner’s coverage to offer additional protection.
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.
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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