Cheap Colorado car insurance

The average car insurance rate in Colorado is $1,757 per year — 14% more than the national average.

Your car insurance premiums are impacted by factors aside from the state in which you live. Auto insurance premiums price based on a number of components, including your credit score, driving record, age, gender, and marital status.

We assessed Colorado auto insurance premiums by all of the significant rating factors. Read on to see how much car insurance runs in your state — or enter your ZIP code above to receive personalized quotes from leading insurers.

Cheap car insurance in Colorado

Cheap insurance for good drivers in Colorado

Drivers with good driving records typically enjoy lower car insurance costs than drivers with histories of speeding tickets, at-fault accidents, or DUI citations. Colorado drivers without a recent at-fault accident save almost 40% on their car insurance, on average, while Colorado drivers without a recent ticket save 17%. These figures are less than the national averages of a 50% savings without an at-fault accident and 25% savings without a speeding ticket. In addition to earning a cheaper premium for driving incident-free, you may qualify for a safe-driving bonus through your car insurance company. The amount of these discounts may vary, but they typically run between 5 and 10%.

COLORADO CAR INSURANCE AVERAGE SAVINGS FOR GOOD DRIVERS

Insurance rates by age bracket in Colorado

Young drivers (those between the ages of 16 and 25) pay extraordinarily high auto insurance rates, with those aged 16-19 paying the most expensive premiums of all. Because of the risk presented by inexperienced drivers, teens pay more than three times the national average for car insurance. In Colorado, the typical teen driver pays $5,713 annually — approximately 14% more than national average for teens, and more than three times more than the average Colorado driver.

COLORADO CAR INSURANCE RATES BY AGE GROUP

Average auto insurance premiums by gender in Colorado

While gender doesn’t have as sizable an effect on auto insurance premiums as a driver's location or age, it is used as a rating factor by car insurance companies.

COLORADO CAR INSURANCE PREMIUMS BY GENDER

Average car insurance premiums by marital status in Colorado

One benefit of nuptials — aside from the honeymoon — is the price cut you typically receive on insurance. In the state of Colorado, married drivers save $122 each year on car insurance. This is more than the national post-wedding price cut of $98.

COLORADO AUTO INSURANCE COSTS BY MARITAL STATUS

Average auto insurance rates in Colorado by credit tier

Auto insurers reference credit history as a way of determining how reliable a prospective customer will be. Data trends suggest drivers who maintain solid credit scores are more insurable auto insurance customers: they are less likely to file claims covered by insurance companies.

In Colorado, a driver who carries excellent credit can save over $1,700 per year in car insurance premiums, contrasted with a driver with a less-favorable credit score.

COLORADO AUTO INSURANCE COSTS BY CREDIT LEVEL

What are the Best Car Insurance Companies in Colorado?

Every car insurance company brags about its affordable costs. But just like with any product, the cheapest car insurance isn't always the finest choice. Considering the financial stakes, it's worth doing the due diligence to find the policy that protects your car completely in the event of a collision. Find the best value, instead of settling for the cheapest auto insurance available.

Compare top insurers' financial strength and claims satisfaction ratings to better understand the level of service they will provide. Claims satisfaction — measured by J.D. Power — is ranked on a scale of 2 to 5, with 5 being "among the best" and 2 being "the rest." Financial strength — calculated by A.M. Best and running from "Superior" to "Poor" — evaluates an insurer's financial strength and ability to fulfill its contractual and policy obligations.

What is the Best Car Insurance Coverage in Colorado?

The minimum allowed car insurance level in Colorado is $25,000 Bodily Injury per person, $50,000 Bodily Injury per accident, and $15,000 Property Damage per accident.

For the minimum required coverage in Colorado, be prepared to pay about $673 annually. This is more than the nationwide average by 8%. If you opt for better car insurance coverage, you can select a policy with comprehensive and collision coverage, insuring against the costs of auto collisions, theft, or weather incidents. It's worth noting that better coverage comes at a cost: in Colorado, a comprehensive policy with a $1,000 deductible costs $1,547, 130% more than basic insurance coverage. For comprehensive coverage with a $500 deductible, expect to pay 161% more than you might pay for a basic liability-only policy.

Compare average prices for basic, better, and best insurance levels in the following table.

Car Insurance Laws

State minimum insurance requirements in Colorado

In Colorado, the state minimum coverage requirement is liability with limits of:

• Bodily Injury $25,000 per person
• Bodily Injury $50,000 per accident
• Property Damage $15,000 per accident

Optional coverage in Colorado (varies by carrier):

• Comprehensive
• Collision
• Loan/Lease Payoff
• Medical and Funeral Services
• Rental Car Reimbursement
• Roadside Assistance
• Uninsured Motorist Bodily Injury
• Uninsured Motorist Property Damage

Liability coverage is legally required in Colorado and pays for injury and lost wages that you cause to another driver or their passengers as well as damage to the other driver’s vehicle in the event that you are considered “at fault” in an accident. The coverage limits are determined by each individual state and normally split into three categories. In Colorado, the minimum is listed as 25/50/15 and explained below:

• $25,000 bodily injury coverage per person. This is the maximum dollar amount that pays for a single person that you injure in an auto accident.
• $50,000 bodily injury coverage per accident. This is the maximum dollar amount that pays for all injuries that you cause in an accident if more than one person is hurt.
• $15,000 property damage per accident. This is the maximum dollar amount that pays for damage that you cause in an accident.

These numbers reflect the minimum limits required in Colorado but higher coverage amounts are available with most companies.

Colorado Auto Insurance FAQs

Is Colorado a no-fault state for car insurance?

No. Colorado is a tort state, meaning you are required to cover any bodily injury or property damage you cause.

Do you need insurance to register a car in Colorado?

Yes. In order to register a vehicle with Colorado's DMV, you're required to present proof of insurance for the vehicle you are registering.

How do you sign over a Colorado car title to insurance?

If you're selling a vehicle, you will need the title information, the emissions inspection certificate — if required in your county — and the bill of sale. The exact documents and details are available on Colorado's DMV website.

How Do Tickets Affect Car Insurance Rates in Colorado?

If you receive a ticket, your auto insurance costs will probably go up. By how much depends on the violation, your insurer's pricing standards, and differing local insurance risks and regulations. That's why tickets may have a different impact on insurance in your state compared to the national average.

Below is a look at typical auto insurance rates in Colorado after a few common violations.