What's the Average Cost of Auto Insurance in Colorado?

The Zebra
Oct. 12, 2018

Car insurance is expensive in Colorado. The average auto insurance cost in Colorado is $1,435 annually — 0.6% more than the national average.

But car insurance premiums are impacted by factors other than state lines. Car insurance premiums take into account myriad considerations, including your age, gender, marital status, credit rating, and driving history.

We analyzed average Colorado car insurance prices by each of the primary rating factors. See below how much car insurance runs in each US location — or submit your zip code to receive unique rates from leading insurance companies.


Average Car Insurance Rates in Colorado by Age Bracket

It's a common phenomenon: as you grow older, your auto insurance expenditures change. Generally, auto insurance is more expensive for young drivers, as underwriters consider inexperienced drivers as more risky.

In Colorado, auto insurance costs $6,956 per year for a 16-year-old driver, compared to $1,289 annually for a client in their 50s.


COLORADO AUTO INSURANCE RATES BY AGE BRACKET
Age Average Yearly Rate
16 $6,955.50
17 $5,969.08
18 $5,272.83
19 $3,190.01
20s $1,901.85
30s $1,393.87
40s $1,363.40
50s $1,288.70
60s $1,303.28
70s $1,558.53



Average Auto Insurance Costs in Colorado by Gender

While gender doesn’t have as large an effect on car insurance rates as location or age, it is used as a rating factor. Men pay less than do women for auto insurance in Colorado, but the difference is just $26.68 annually.

COLORADO CAR INSURANCE RATES BY GENDER
Gender Average Annual Cost
Male $1,420.90
Female $1,447.58



Average Car Insurance Premiums in Colorado by Marital Status

One benefit of nuptials — aside from the honeymoon — is the lower prices you typically receive on your car insurance policy. In the state of Colorado, wedded motorists save $86 per year on auto insurance. This is more than the US average of $76.


COLORADO CAR INSURANCE RATES BY MARITAL STATUS
Marital Status Average Annual Premium
Single $1,420.90
Married $1,335.04
Divorced $1,420.90
Widowed $1,357.42



Average Car Insurance Costs in Colorado by Credit Tier

Car insurance companies reference credit score as a way of determining how reliable a prospective customer will be. Historical data show drivers who hold exceptional credit are usually more insurable car insurance customers: they are less likely to file claims insurance companies are compelled to cover.

In the state of Colorado, a driver who has excellent credit saves $1,556.87 each year on car insurance rates, compared to a driver who has a bad credit score. Learn more about how credit score may impact auto insurance expenses:


COLORADO CAR INSURANCE EXPENDITURES BY CREDIT LEVEL
Credit Tier Average Annual Rate
Very Poor (300-579) $2,797.45
Fair (580-669) $2,321.78
Good (670-739) $1,874.62
Very Good (740-799) $1,509.77
Exceptional (800-850) $1,240.57



Average Auto Insurance Costs for Bad Drivers in Colorado

If you’re defined as to be at fault after a car accident or convicted of a driving infraction, your insurance premiums are bound to grow. The more violations you accumulate, the pricier your car insurance gets.

In Colorado, your first minor at-fault crash will cost you $619.06 per year in car insurance premiums. A DUI or DWI — considered one of the most severe driving infractions — may increase your annual car insurance costs in Colorado by as much as $695.35.


COLORADO AUTO INSURANCE PRICES AFTER VIOLATIONS
Age Average Annual Rate
DUI/DWI $2,130.70
Reckless Driving $2,138.64
At-Fault Accident (<$1,000) $2,054.41
At-Fault Accident ($1,000-$2,000) $2,084.29
At-Fault Accident (>$2,000) $2,054.41
Open Container $1,863.34
Speeding (21-25 MPH > limit) $1,748.59
Speeding (16-20 MPH > limit) $1,736.37

If your car insurance premiums cost more than average, it's worth policy shopping to find affordable insurance coverage that meets your requirements.


Compare rates now!

Don't forget to share!