Cheapest Colorado Car Insurance Rates in 2024 (Save With These 10 Companies)
The cheapest Colorado car insurance rates start at $23 per month with USAA, Geico, and State Farm. These companies offer the best rates due to their extensive discounts, reliable customer service, and comprehensive coverage options. Find out how each company ensures you get the most affordable coverage.
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Laura D. Adams
Insurance & Finance Analyst
Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...
Insurance & Finance Analyst
UPDATED: Aug 12, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Aug 12, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
6,434 reviews
Company Facts
Min. Coverage in Colorado
A.M. Best Rating
Complaint Level
Pros & Cons
6,434 reviews
19,116 reviews
Company Facts
Min. Coverage in Colorado
A.M. Best Rating
Complaint Level
Pros & Cons
19,116 reviews
17,757 reviews
Company Facts
Min. Coverage in Colorado
A.M. Best Rating
Complaint Level
Pros & Cons
17,757 reviews
The top pick overall for the cheapest Colorado car insurance rates is USAA, with Geico and State Farm also offering competitive options.
These companies stand out due to their low monthly rates, extensive coverage options, and exceptional customer service. USAA provides the best rates starting at $23 per month, particularly for military members and their families. Learn more and compare military personal car insurance rates.
Company Rank Monthly Rates A.M. Best Best For Jump to Pros/Cons
#1 $23 A++ Military Discounts USAA
#2 $27 A++ Low Rates Geico
#3 $28 B Customer Service State Farm
#4 $29 A Customizable Coverage Liberty Mutual
#5 $32 A+ Accident Forgiveness Nationwide
#6 $34 A++ Multi-Policy Discounts Travelers
#7 $35 A Family Discounts American Family
#8 $36 A+ Snapshot Program Progressive
#9 $49 A Coverage Options Farmers
#10 $50 A+ Safe Driver Allstate
Geico and State Farm follow closely, offering affordability without compromising on coverage. In this article, we’ll explore why these three providers are the best choices for Colorado drivers.
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Get the right car insurance at the best price — enter your ZIP code above to shop for coverage from the top insurers.
#1 – USAA: Top Overall Pick
Pros
- Military Discounts: USAA offers exceptional discounts for military members and their families for Colorado car insurance.
- Lowest Rates: USAA offers the cheapest Colorado car insurance rates starting at $23 per month.
- Superior Customer Service: According to our USAA car insurance review, USAA is known for its outstanding customer service and support for Colorado car insurance policyholders.
Cons
- Eligibility Restrictions: USAA Colorado car insurance is only available to military members, veterans, and their families.
- Limited Physical Locations: USAA has fewer physical locations for Colorado car insurance compared to some competitors.
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#2 – Geico: Best for Low Rates
Pros
- Competitive Rates: Geico offers competitive figures with Colorado car insurance rates starting at $27 per month.
- Easy Online Quotes: Geico provides a simple and quick online quote process for Colorado car insurance policyholders.
- Strong Financial Rating: Our examination of Geico car insurance review shows A++ rating from A.M. Best, indicating financial stability for Colorado car insurance.
Cons
- Customer Service Variability: Some Colorado car insurance customers report inconsistent experiences with Geico’s customer service.
- Limited Local Agents: Geico has fewer local agents for Colorado car insurance compared to some other major insurers.
#3 – State Farm: Best for Customer Service
Pros
- Excellent Customer Service: The results of our State Farm car insurance review suggests State Farm is renowned for its high-quality customer service for Colorado car insurance.
- Wide Coverage Options: State Farm offers a variety of coverage options for Colorado car insurance tailored to individual needs.
- Local Agents: State Farm has a strong network of local agents providing personalized service for Colorado car insurance policyholders.
Cons
- Higher Premiums: State Farm’s Colorado car insurance rates might be higher compared to other low-cost options.
- Limited Discounts: State Farm’s Colorado car insurance discounts may not be as comprehensive as some competitors.
#4 – Liberty Mutual: Best for Customizable Coverage
Pros
- Flexible Coverage Options: Our Liberty Mutual car insurance review highlights Liberty Mutual allows for highly customizable Colorado car insurance policies.
- Accident Forgiveness: Liberty Mutual offers accident forgiveness to prevent Colorado car insurance rates increase after an accident for Colorado car owners.
- Discount Opportunities: Various discounts are available for Colorado car insurance, including for safe driving and multiple policies.
Cons
- Higher Monthly Rates: Liberty Mutual’s Colorado car insurance rates are slightly higher, starting at $29 per month.
- Mixed Customer Reviews: Customer satisfaction varies for Colorado car insurance, with some complaints about the claims process.
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#5 – Nationwide: Best for Accident Forgiveness
Pros
- Accident Forgiveness: Nationwide offers accident forgiveness to avoid rate hikes after an accident for Colorado car insurance.
- Vanishing Deductible: The deductible decreases over time with safe driving for Colorado car insurance.
- Comprehensive Discounts: Nationwide provides multiple discount opportunities for Colorado car insurance, including for bundling policies. Check out further information on Nationwide car insurance discounts for savings.
Cons
- Higher Premiums: Nationwide’s Colorado car insurance rates are higher, starting at $32 per month in Colorado.
- Limited Availability: Some discounts and programs for Colorado car insurance may not be available in all areas.
#6 – Travelers: Best for Multi-Policy Discounts
Pros
- Significant Discounts: Travelers offers substantial discounts for bundling multiple policies for Colorado car owners.
- Financial Strength: Travelers has an A++ rating from A.M. Best, indicating strong financial stability for Colorado car insurance.
- Extensive Coverage Options: According to our Travelers car insurance review, Travelers provides a wide range of coverage options for Colorado car insurance to suit various needs.
Cons
- Average Customer Service: Some Colorado car insurance owners report average customer service experiences.
- Higher Rates: Starting at $34 per month, Travelers’ Colorado car insurance rates are higher compared to other budget options.
#7 – American Family: Best for Family Discounts
Pros
- Family Discounts: American Family offers discounts tailored for families, making it an affordable option for Colorado car insurance.
- Excellent Financial Rating: Our American Family car insurance review highlights the company’s strong financial rating of A for Colorado car insurance.
- Good Customer Service: Known for providing good customer service and support for Colorado car insurance.
Cons
- Higher Premiums: American Family’s Colorado car insurance rates start at $35 per month, which is higher than some competitors.
- Limited Availability: Coverage options and discounts for Colorado car insurance may not be available in all areas.
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#8 – Progressive: Best for Snapshot Program
Pros
- Usage-Based Discounts: Our Progressive car insurance review highlights Progressive’s Snapshot program offers discounts based on driving habits for Colorado car insurance.
- Competitive Rates: Progressive offers competitive Colorado car insurance rates starting at $36 per month.
- Extensive Coverage Options: Progressive provides a variety of coverage options and add-ons for Colorado car insurance.
Cons
- Mixed Customer Reviews: Customer satisfaction varies for Colorado car insurance, with some complaints about the claims process.
- Potential Rate Increases: Rates may increase if Snapshot data indicates high-risk driving behavior for Colorado car insurance.
#9 – Farmers: Best for Coverage Options
Pros
- Comprehensive Coverage: Farmers offers a wide range of coverage options tailored to individual needs of Colorado car insurance owners.
- Strong Customer Support: According to our Farmers car insurance review, Farmers is known for providing strong customer support and service for Colorado car insurance policyholders.
- Discount Opportunities: Various discounts are available Colorado car insurance, including for safe driving and multiple policies.
Cons
- Higher Monthly Rates: Farmers’ Colorado car insurance rates higher, starting at $49 per month in Colorado.
- Mixed Reviews: Some customers report issues with Colorado car insurance’s claims process and rate increases.
#10 – Allstate: Best for Safe Driver
Pros
- Safe Driver Discounts: Allstate offers significant discounts for safe driving for Colorado car insurance.
- Comprehensive Coverage: Insights from our Allstate car insurance review shows Allstate provides a variety of coverage options to meet different needs for Colorado car insurance.
- Strong Financial Rating: Allstate has an A+ rating from A.M. Best for Colorado car insurance, indicating financial stability.
Cons
- Higher Premiums: Allstate’s rates start at $50 per month, which is higher compared to other budget options for Colorado car insurance owners.
- Mixed Customer Reviews: Customer satisfaction varies for Colorado car insurance, with some complaints about customer service and claims handling.
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Compare Colorado Car Insurance Rates and Coverage Options
The median household income in Colorado was over $69,117, and drivers, on average paid over $82 for car insurance per month. That’s way too high for us! However you feel about it, we think consumers in the Centennial State are spending way too much money on car insurance.
USAA offers the best value with Colorado car insurance rates starting at just $23 per month, making it a top choice for affordability and comprehensive coverage.
Scott W. Johnson Licensed Insurance Agent
There has to be a better way. What is 25/50/15? If you cause an accident, you’ll want to know what liability insurance means. The basic coverage requirements in Colorado which all motorists must have for liability car insurance coverage are:
- $25,000 to cover death or injury per person
- $50,000 to cover total death or injury per accident
- $15,000 to cover property damage per accident
Liability insurance pays all individuals and drivers, passengers, pedestrians, etc. who are owed compensation for property damage and/or injuries resulting from a car accident that you or anyone under your policy causes. If you cause a wreck, liability insurance pays everyone affected by the accident.
Colorado Car Insurance Rates by Coverage Level
How much is the average car insurance in Colorado? In Colorado, car insurance rates vary significantly depending on the provider and the level of coverage selected. For minimum coverage, the monthly rates range from as low as $23 with USAA to as high as $50 with Allstate.
In contrast, for full coverage, rates start at $78 with USAA and can go up to $166 with Allstate. Geico and State Farm offer competitive pricing for full coverage car insurance, both charging $94, while Liberty Mutual’s full coverage rate is slightly higher at $92.
Insurance Company Minimum Coverage Full Coverage
Allstate $50 $166
American Family $35 $118
Farmers $49 $163
Geico $27 $94
Liberty Mutual $29 $92
Nationwide $32 $107
Progressive $36 $120
State Farm $28 $94
Travelers $34 $114
USAA $23 $78
On the other hand, American Family provides the lowest full coverage rate among the major insurers at $118. Progressive and Nationwide also offer full coverage, with monthly rates of $120 and $107, respectively. Farmers’ rates for full coverage are at $163, which is on the higher end of the spectrum.
This variation underscores the importance of comparing insurance providers to find the most cost-effective option based on one’s coverage needs.
Colorado Car Insurance Rates as a Percentage of Income
The per capita disposable income in Colorado is $36,345. On average, residents spend $82 a year on car insurance. To put this amount in perspective, the countrywide monthly average cost of car insurance in Colorado is $81.
This means people in Colorado are comparable with the countrywide average but pay more than neighboring states. New Mexico car insurance rates and Wyoming car insurance rates costs monthly around $78 and $70, respectively.
Frequently Asked Questions
What factors affect car insurance rates in Colorado?
Several factors can affect car insurance rates in Colorado. These factors include your age, driving record, the make and model of your car, your credit history, the coverage options you choose, and the deductible amount. Additionally, factors such as the local crime rate, population density, and traffic conditions in your specific area of Colorado may also influence insurance rates.
Are there any specific insurance considerations for Colorado?
Colorado is known for its diverse climate and topography, which can present unique challenges for drivers. For example, areas with higher elevation may experience harsh winter conditions, such as snow and ice. Therefore, it is advisable for drivers in Colorado to consider comprehensive coverage, which can help protect against damage caused by weather events, as well as collision car insurance coverage for accidents.
How can I find affordable car insurance in Colorado?
To find affordable car insurance, shop around and compare quotes from various providers in Colorado. Consider coverage options, deductibles, and available discounts. Maintaining a good driving record, bundling policies, and utilizing discounts like safe driver or multi-vehicle can also lower premiums. See if you’re getting the best deal on car insurance by entering your ZIP code below.
Are there any specific discounts available for car insurance in Colorado?
Insurance providers in Colorado may offer various discounts for car insurance. Common discounts include safe driver discounts, multi-policy discounts, good student discounts, and discounts for vehicles equipped with safety features such as anti-lock brakes or airbags. It’s advisable to check with insurance providers to see which discounts may apply to you.
Is Colorado a no-fault state?
Colorado is an at-fault state, which means the person who causes an accident is financially responsible for property damage and injuries they cause. Familiarize yourself and compare no-fault car insurance as well.
What are the cheapest car insurance companies in Colorado?
State Farm, Geico, and Auto-Owners tend to be the companies with cheapest car insurance in Colorado, though you might find more affordable rates elsewhere.
What is the basic auto insurance in Colorado?
In Colorado, the minimum car insurance requirements include liability coverage. The state law mandates a minimum coverage of $25,000 for bodily injury per person, $50,000 for bodily injury per accident, and $15,000 for property damage per accident. It’s important to note that these are the minimum requirements, and it’s often recommended to consider higher coverage limits for better protection.
Who has the cheapest car insurance in Colorado?
USAA offers the best value with Colorado car insurance rates starting at just $23 per month, making it a top choice for affordability and comprehensive car insurance coverage.
How much is car insurance per month in Colorado?
In Colorado, minimum coverage ranges from $23 with USAA to $50 with Allstate. Full coverage starts at $78 with USAA and can go up to $166 with Allstate. Rates vary with other insurers, so comparing providers is key to finding the best deal.
What is the lowest form of car insurance?
Liability insurance is typically the least expensive type of car insurance. This is because it solely covers expenses related to bodily injuries and property damage for others if you are responsible for an accident. It does not provide coverage for damages to your own vehicle or any costs related to your injuries.
Is Colorado cheaper than California?
Although the cost of living in Colorado is 31% above the national average, it remains 35-40% more affordable compared to California. While new home prices are higher than in other states, rental rates are relatively low, and utility expenses are significantly reduced. Obtain more knowledge on our “Cheapest California Car Insurance Rates.”
Is Colorado an expensive state for car insurance?
In Colorado, drivers typically spend about $244 per month for comprehensive car insurance and $45 per month for basic coverage. Among the insurers reviewed, American National and Geico offer the lowest average rates for full coverage in the state. Our free online comparison tool below allows you to compare cheap car insurance quotes instantly — just enter your ZIP code to get started.
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Enter your ZIP code below to view companies that have cheap car insurance rates.
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Laura D. Adams
Insurance & Finance Analyst
Laura Adams is one of the nation’s leading finance, insurance, and small business authorities. As an award-winning author, spokesperson, and host of the top-rated Money Girl podcast since 2008, millions of readers and listeners benefit from her practical advice. Her mission is to empower consumers to live healthy and rich lives by planning for the future and making smart money decisions. She rec...
Insurance & Finance Analyst
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.