Are Auto Insurance Rates Going Up in Colorado?

Most drivers can attest to the fact insurance rates commonly increase year-over-year. But car insurance is complex: justifications for rate hikes and price cuts vary, and may differ based on the driver's location.

Location is among the primary rating factors used by insurance companies to set rates. The local area and state in which a vehicle is parked and operated are weighed when setting car insurance rates — a phenomenon that comes down to state laws and the differing levels of risk associated with insuring cars in various areas of the country.

Because car insurance pricing is multi-faceted, year-over-year rate changes vary widely by state. Car insurance rates could be on their way up annually in a given state while decreasing for drivers a single state over.

See below auto insurance pricing trends in Colorado. If your policy isn't following your state's trend, consider shopping for a more affordable policy. The Zebra's car insurance comparison tool allows you to get auto insurance rates based on your specific profile — enter your ZIP below to get started.

Car insurance rate trends in Colorado

In Colorado, average yearly car insurance premiums increased by $272 in the past year. The usual driver in Colorado now pays an average rate of $1,682 each year.

The general trend in Colorado is leaning toward more expensive car insurance costs. From 2015 to 2018, rates went up by an average of $323 each year. At the same time, auto insurance rates nationwide have jumped in the past few years, climbing from $1,280 in 2015 to $1,470 in 2018.

Year Avg. Annual Premium — Colorado Yearly Change — Colorado Avg. Annual Premium — US Yearly Change — USA
2018 $1,682 $272 $1,470 $32
2017 $1,410 -$37 $1,437 $69
2016 $1,447 $88 $1,368 $88
2015 $1,359 $180 $1,280 $51
2014 $1,179 -$77 $1,229 $34
2013 $1,256 $205 $1,195 -$80
2012 $1,051 $107 $1,276 $82

If your rates are rising faster than the average in your state, shop around for a better deal.

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How are car insurance rates changing in major cities in Colorado?

Car insurance prices are set at the local level, with many location-specific variables influencing premiums. That means drivers can see major differences in their auto insurance rates, based on their ZIP code or city. For example, Colorado Springs drivers experienced a larger premium increase (9.5%) than did drivers in Lakewood (9.3%) between 2018 and 2017.

See below annual rate changes in large Colorado cities. If your city is expensive — and moving isn't on the table — you can always shop around for a more affordable rate.

City Avg. Premium Increase — 2018 vs. 2017
Colorado Springs 9.5%
Lakewood 9.3%
Aurora 9.1%
Fort Collins 8.9%
Denver 8.7%

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Renata Balasco photo
Renata BalascoAssociate Content Strategist

Renata is a licensed insurance professional and content strategist responsible for creating home and auto insurance guides for The Zebra.

Renata's background in technical writing and her experience working in the insurance industry informs her work. She holds a bachelor’s degree in communications.

Renata's work has been cited by Car and Driver