Car Insurance with Bad Credit in Colorado

The Zebra
March 12, 2019

Car insurance can be expensive if you have bad credit. Car insurance companies utilize credit score as a primary rating factor, setting prices based partially on drivers’ credit histories. Because car insurers use historical data showing drivers with bad credit are more apt to file car insurance claims, they account for for this risk by charging more expensive rates.

Car insurance rates with bad credit depends on which company you choose, where you live, and a few other rating factors. We've gathered below typical insurance rates for drivers with bad credit in major Colorado cities, along with rates from a few of the most popular insurance companies, , along with tips on how to save on car insurance with bad credit in Colorado.


Car insurance for drivers with bad credit in Colorado:

  1. Average rates
  2. Prices by city
  3. Costs by company

Auto insurance rates with bad credit in Colorado

Colorado drivers pay an average penalty of $1,600 each year for having a credit score in the “worst” tier. Drivers in the "poor" or "below fair to poor" credit tiers will also face more costly-than-average auto insurance rates.


COLORADO CAR INSURANCE RATES WITH BAD CREDIT

Credit TierAverage Annual Rate in Colorado
Worst$3,036
Poor$2,647
Below Fair to Poor$2,479
Average — All Credit Tiers$1,435

Paying too much for car insurance? Compare rates today!

Compare rates from top car insurance companies.


Car insurance rates with a bad credit score in Colorado cities

Car insurance rates will also vary based on the specific area where you park your car. Car insurance companies use your ZIP code to better understand your likelihood of filing a claim: the more claim-prone your area,, the more you'll pay.

See below major Colorado cities and their average car insurance rates for drivers with low credit scores.


BAD CREDIT CAR INSURANCE RATES IN COLORADO CITIES

CityAverage Annual Rate — Worst CreditAverage Annual Rate — Poor CreditAverage Annual Rate — Below Fair to Poor Credit
Denver$3,267$2,867$2,685
Colorado Springs$3,165$2,768$2,592
Aurora$3,253$2,857$2,677
Fort Collins$2,633$2,304$2,159
Lakewood$3,103$2,720$2,550

Get quotes from leading insurance companies!

Compare rates from top car insurance companies.


Best car insurance companies for bad credit in Colorado

Another factor that contributes to how much you pay for car insurance is the company you select. Every auto insurance company rates policies differently, giving rating factors varying weights in their pricing calculations. Credit can be a primary pricing differentiator between insurance companies. In Colorado, the cheapest insurance company with bad credit is GEICO, which offers average savings of $704 per year in comparison to the second-cheapest company, American Family.

See rates from leading auto insurance companies in Colorado for drivers with bad credit.


COLORADO CAR INSURANCE PREMIUMS WITH BAD CREDIT — TOP CARRIERS

CompanyAverage Annual Rate — Worst Credit Tier
GEICO$1,461
American Family$2,165
State Farm$2,536
Progressive$3,291
USAA$3,445

If you're finding auto insurance with a low credit score, remember these tips:

  1. See car insurance quotes
  2. Be smart with your claims
  3. Know what determines car insurance rates

Compare rates from top car insurance companies.