Get Car Insurance Quotes in Denver, CO
See rates in Denver from Progressive, Allstate, Nationwide and other top companies.
How much does car insurance cost in Denver?
The cost of car insurance in Denver can be quite high, with an average payment of $1,198 for a six-month policy, or $200 per month, for drivers. These rates exceed both the state average of Colorado and the national average, which are $1,080 and $880, respectively. Our survey indicates that 40% of our Denver customers are paying too much for car insurance coverage. Fortunately, based on our latest data, USAA's current rates are nearly 46% lower than the industry standard, with a six-month policy costing only $775.
Whether you are satisfied with your current provider, exploring other options, or seeking more information about auto insurance in Denver, The Zebra is here to assist. Let's delve into how various factors, such as age, credit score, and location, can impact your premiums and find ways to secure the best possible rate.
|Car Insurance in Denver vs. Colorado||Avg. 6 Mo. Premium|
The cheapest car insurance companies in Denver
USAA is the cheapest auto insurer in Denver at $129 per month or $775 for a six-month policy. But USAA car insurance is only available to members, so be sure to check your eligibility.
In second place is State Farm, which costs $147 per month (or $882 for a six-month term).
Rounding out the list is Colorado Farm Bureau as the third-cheapest insurance company in Denver. On average, a CO Farm Bureau policy in Denver costs $941 per six-month policy.
Are you paying too much for auto insurance?
Denver car insurance rates by company
As per our 2023 data, Denver residents can find the cheapest car insurance rates for full coverage with USAA, which offers $129 per month or $775 for a six-month policy. Keep in mind that USAA is designed for military members, so check to see if you're eligible for their coverage. Following closely behind, State Farm offers the second-lowest rates with $147 per month or $849 for a six-month policy.
If you're looking for more information on top-rated car insurance companies, The Zebra's Customer Satisfaction Survey can be a valuable resource. Let us help you make an informed decision about your car insurance coverage.
Cheapest car insurance companies in Denver, CO
Dynamic auto insurance data methodology
Methodology: The auto insurance rates displayed above and throughout this page are dynamic, meaning the data will refresh when the most recent information is made available. Rates are based on a sample driver profile — a 30-year-old single male driver with a Honda Accord and full coverage. This profile was adjusted based on common pricing factors used by major car insurance companies, like age, coverage level, driving record and others.
Shop around for the best rates
When searching for affordable car insurance in Denver, comparing policies is essential. Our online comparison tool makes the process easy and hassle-free. By entering your ZIP code, you can view rates from leading insurers such as State Farm, Progressive, GEICO, Nationwide, and more. In just a few minutes, you can find the best and most affordable car insurance coverage that suits your needs. Let us help you simplify the process of shopping for car insurance. Try our online comparison tool today and secure the best rates for your Denver car insurance.
Average car insurance in Denver by rating factor
Denver drivers' individual car insurance rates are determined by insurers based on a range of rating factors. These rating factors refer to details about the driver that insurers use to assess the level of risk they pose. Such rating factors can include age, gender, location, credit score, and other relevant factors. Although most insurance companies use similar rating factors, the extent to which these factors influence a driver's premium can vary.
It's worth noting that some rating factors may change over time, which means that the most suitable car insurance provider for a driver may also change. Obtaining new quotes regularly can help drivers determine whether they are still receiving the best rates for their coverage needs.
Q: I didn't have an accident — Why is my insurance going up?
A: In Denver, the cost of car insurance is determined by various rating factors, including end-of-year earnings, which compare the revenue of premiums to the cost of paying out claims. Even if you have a perfect driving record with no claims, you may still be charged higher rates by a specific insurer due to increased business expenses in your area. At The Zebra, we understand that navigating the world of car insurance can be confusing and overwhelming. That's why our team is here to help you find the most competitive rates and the coverage you need. Contact us today to explore your options and find the best possible car insurance coverage for your needs and budget.
Auto insurance premiums by age in Denver
Age plays a significant role in the determination of car insurance rates by insurance companies in Denver. Teen drivers and their parents may be surprised to discover that they are subject to considerably higher auto insurance premiums than other age groups. Insurers have collected data indicating that teens have a higher accident rate, and as a result, they carry the burden of the highest car insurance costs in many locations. Through these increased expenses, the insurance company can offset the cost of claims.
In Denver, new policy premiums for teen drivers are over $5,000 higher per year than those for drivers in their 20s. While it may not seem entirely fair, it's crucial to keep in mind that the insurance company's objective is to help mitigate the risk associated with inexperienced drivers. As you grow older and gain more experience, your rates will gradually become more reasonable.
Cheapest car insurance companies for teen drivers in Denver, CO
Auto insurance premiums for minimum coverage in Denver
The level of coverage you choose is a large part of what you pay for car insurance rates. According to our data, 29% of Denver drivers only carry the state minimum required coverage. While, technically, this is enough coverage in the eyes of the law, only having the state minimum coverage level leaves you at risk of being underinsured.
Adding collision coverage or comprehensive coverage (commonly known as "full coverage" when purchased together) will increase your rate, but also increases your peace of mind and financial security in the event of an accident. These coverages typically require a deductible, which can also impact your rates, but sometimes you can use that to your advantage. Consider raising your deductible, as this will inversely lower your monthly rate.
Also, consider extras such as roadside assistance or uninsured motorist coverage. While they will also add to your overall car insurance premiums, experts at The Zebra still recommend carrying these options to stay as protected as possible.
Cheapest car insurance companies for minimum coverage in Denver, CO
- Minimum: State liability coverage only
- Basic: State liability + collision and comprehensive (full) coverage
- Better: Better liability limits at 50/100/50. Full coverage included with towing and rental car benefits. May include additional personal medical benefits and uninsured/underinsured motorist coverage.
- Best: Best liability limits at 100/300/50. Full coverage included with better towing and rental car benefits and better personal medical benefits and increased uninsured/underinsured coverage.
The basic level of coverage is the most popular with our customers in Denver, but it might not be right for you. We also understand that carrying the state minimum coverage is a budget-friendly solution, but it can leave you in serious risk. Colorado's 25/50/15 liability limits provide coverage for damage you cause up to $25,000 per person in bodily injury, $50,000 per accident in bodily injury and $15,000 for property damage. This would most likely be sufficient for a minor incident or fender-bender, but when bodily injury or multiple vehicles are involved, it could leave you in a precarious position.
Learn more about insurance laws in Colorado.
Denver car insurance rates by credit score
In Denver and many other states, credit score is one of the factors used to determine auto insurance premiums. Insurance companies use credit scores to set rates for a variety of reasons. Historical data analysis suggests that drivers with lower credit scores are more likely to make claims, experience lapses in coverage, and engage in risky driving practices. Since bad credit is correlated with increased risk, drivers with lower credit scores will typically pay higher premiums.
Our analysis reveals that Denver drivers with poor credit scores (300-579) pay 99% more in premiums compared to those with excellent credit scores (800-850). The majority of Denver drivers have a credit score that falls in the excellent (720+) category, according to our 2023 research. Based on our findings, USAA is the cheapest car insurance option for Denver drivers in this credit score range.
Cheapest car insurance companies for bad credit in Denver, CO
Auto insurance rates with an at-fault accident
At-fault and collision-type accidents are the most common insurance claims. In Denver, an at-fault accident resulted in an increase in the average monthly car insurance rates by anywhere from $45 to $97 in 2023. The cheapest insurance provider in Denver following an at-fault accident is USAA.
For consistently affordable auto insurance rates it's critical to maintain a clean driving record, regardless of where you live. Your premiums will be affected by various factors, including reckless driving charges, DUIs and DWIs, speeding tickets, and at-fault accidents. The severity of the citation or accident determines how long your premiums will be affected, with the duration ranging from three to five years. While at-fault accidents and speeding tickets typically remain on your record for three to five years, DUIs and DWIs can have a more long-lasting effect.
Cheapest car insurance companies after an at-fault accident in Denver, CO
Denver car insurance rates by violation
Below you can see how much different violations and claims will increase your rate in Denver.
Car insurance rate increases after violations and citations in Denver, CO
|Accident/Violation||Avg. 6 Mo. Premium||% Rate Increase||$ Rate Increase|
|One Med/PIP claim||$1,204||0%||$5|
|Two Med/PIP claims||$1,229||3%||$30|
|One comp claim||$1,232||3%||$33|
|Two comp claims||$1,274||6%||$76|
|Failure to wear a seat belt||$1,314||10%||$115|
|Failure to show documents||$1,335||11%||$136|
|Child safety restraint||$1,336||11%||$137|
|Driving without lights||$1,340||12%||$141|
|Driving with expired registration||$1,387||16%||$188|
|Texting while driving||$1,412||18%||$213|
|Cell phone violation||$1,427||19%||$228|
|Failure to yield||$1,443||20%||$244|
|Failure to stop at a red light||$1,443||20%||$244|
|Following too closely||$1,443||20%||$245|
|Driving too slowly||$1,445||21%||$246|
|Speeding 6 - 10 MPH over limit||$1,457||22%||$258|
|Speeding 16 - 20 MPH over limit||$1,461||22%||$262|
|Speeding 11 - 15 MPH over limit||$1,461||22%||$262|
|Wrong way/wrong lane||$1,467||22%||$268|
|At-fault accident - less than $1000||$1,471||23%||$272|
|Speeding in school zone||$1,474||23%||$275|
|Passing school bus||$1,496||25%||$297|
|In 65 MPH zone||$1,561||30%||$362|
|Operating a vehicle without permission||$1,566||31%||$367|
|Speeding 21 - 25 MPH over limit||$1,590||33%||$392|
|At-fault accident - greater than $2000||$1,781||49%||$583|
|At-fault accident - $1000-$2000||$1,781||49%||$583|
|Driving with a suspended license||$1,908||59%||$709|
|Refusal to submit to a chemical test||$2,078||73%||$879|
|Leaving scene of an accident/hit and run||$2,205||84%||$1,007|
Why is car insurance in Denver so expensive?
Auto insurance rates in Denver can be pricey for many reasons. The city's high cost of living is one factor that can result in insurance companies charging more to cover their costs. Additionally, other factors like credit history, driving record, and coverage level can also impact insurance rates. In the forthcoming paragraphs, we will delve into why car insurance is costly in Denver, regardless of your driving profile.
Your premiums are determined not only by your credit score and driving record but also by the specific neighborhood in which you reside. ZIP codes throughout Denver can experience varying levels of crime, theft, and uninsured drivers. If you live in an area known for higher crime rates, it is likely that your auto insurance premiums will be higher than those who live in safer areas.
Expensive Denver ZIP codes: 80219, 80223, 80247, 80239, 80249
Cheap Denver ZIP codes: 80234, 80233, 80123, 80260, 80229
The damage caused by weather-related perils can and has bankrupted insurance companies. Because of this risk, it’s expensive for auto insurance companies in certain geographical locations to do business. As such, they will raise their rates to anticipate further weather-related losses. Damage to your vehicle caused by flooding is covered under your comprehensive coverage, and flooding can happen just about anywhere, including the Denver area.
As Denver's population continues to boom, it leads to more drivers on the road, as well, and therefore accidents. The costs of accident-related claims are passed along to other drivers in the area through higher premiums — even for drivers who are safe or don't use their vehicles often. According to our data, about 27% of drivers in Denver are not currently insured, and if an uninsured driver hits you in Denver, you could be left paying for the damage yourself. We suggest purchasing uninsured motorist coverage (UMP) as a part of your insurance policy to help protect against situations with uninsured drivers.
Bundling insurance policies in Denver
Even with car insurance rates escalating across the nation, don't lose hope as there are still methods for trimming expenses. When scouting for a new auto insurance policy, evaluate the potential benefits of bundling it with your existing home or renters insurance. By opting for this bundling strategy, you may frequently secure a generous discount — potentially reducing your combined premiums by 10% or more. Enhance your understanding of the perks associated with bundling home and car insurance policies.
If you currently have separate home and car insurance policies, it could be helpful to explore if bundling them can reduce costs. More often than not, the savings make the attempt more than worth it.
Cheapest car insurance companies for bundling home and auto insurance in Denver, CO
Even though some things may be beyond your influence, drivers have the ability to enhance their profiles to make them more attractive to insurance companies. The most valuable advice we can offer is to conduct research and compare quotes from numerous auto insurance providers to find the most affordable rate that meets your coverage and service requirements. This is particularly crucial if there have been any changes in your personal circumstances, such as moving, celebrating a birthday, or improving your credit score. Bear in mind that certain insurers are more expensive than others, so don't be hesitant to switch providers.
Find the best rates for both auto and home insurance in minutes!
Frequently asked questions
How much is car insurance in Denver?
The average for a six-month auto insurance policy in Denver is $1,198 for a six-month policy or $200 per month. This is more expensive than both the national and Colorado state averages.
What is the cheapest car insurance in Denver?
USAA is the carrier with the cheapest rates in Denver, coming in at an average of $775 per six-month policy. However, USAA coverage is only available to USAA members.
How much is car insurance in Denver for teenagers?
Teenagers in Denver pay over $4,000 for a six-month policy or $716 per month. Because car insurance is so expensive for teen drivers who have their own policy, we recommend that young drivers be added to their parents' policies to significantly bring down the cost.
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About The Zebra
The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.
- The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
- The Zebra’s insurance content is not subject to review or alteration by insurance companies or partners.
- The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
- The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.