- Best car insurance companies in Colorado
- Cheapest car insurance companies in Colorado
- Average cost of car insurance in Colorado
- Colorado car insurance requirements
- Cheapest car insurance companies for minimum liability coverage in Colorado
- Cheapest car insurance cost in Colorado by age
- Cheapest car insurance companies in Colorado by driver profile
- Compare auto insurance rates by city in Colorado
- Car insurance premium trends in Colorado
- Methodology
- Compare Colorado car insurance rates with other states
Best car insurance companies in Colorado
Geico is the best car insurance company in Colorado, based on a 2024 analysis by Insurance.com, with an overall rating of 3.98.
Below is a full list of the top Colorado insurance companies based on price, NAIC complaint ratio and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.
| Company | AM Best | JD Power | NAIC | Insurance.com score | Average annual premium |
|---|---|---|---|---|---|
| Geico | A++ | 801 | 0.91 | 3.98 | $1,445 |
| State Farm | A++ | 783 | 0.7 | 3.86 | $1,950 |
| Auto-Owners | A++ | 808 | 0.5 | 3.73 | $2,874 |
| Allstate | A+ | 795 | 0.65 | 3.37 | $2,774 |
| Progressive | A+ | 828 | 0.65 | 3.35 | $2,796 |
| Farmers | A | 835 | 0.8 | 2.94 | $3,578 |
| Kemper Insurance | A- | 736 | 2.16 | 2.26 | $1,878 |
Cheapest car insurance companies in Colorado
We have gathered price quotes from all the major insurance providers in Colorado and put together a list of the cheapest car insurance companies. Based on our rate data, Geico offers the cheapest full coverage car insurance in Colorado with average rates of $1,445 annually or $120 a month.
Don't just go with the first insurer you come across. Comparison shopping is the key when it comes to finding the best deal on auto insurance. Get quotes from several different insurers and compare their rates
| Company | State minimum liability | 50/100/50 liability | 100/300/100 liability with $500 deductible |
|---|---|---|---|
| Geico | $227 | $347 | $1,445 |
| USAA | $283 | $427 | $1,559 |
| Southern Farm Bureau | $228 | $441 | $1,780 |
| Kemper Insurance | $400 | $593 | $1,878 |
| State Farm | $387 | $538 | $1,950 |
| Allstate | $761 | $1,062 | $2,774 |
| Progressive | $404 | $675 | $2,796 |
| Auto-Owners | $400 | $688 | $2,874 |
| Farmers | $824 | $1,744 | $3,578 |
| Acuity Insurance | $582 | $781 | $3,769 |
Average cost of car insurance in Colorado
The average car insurance rate in Colorado is $2,337 a year for a full coverage policy with a coverage level of 100/300/100, according to a rate analysis by Insurance.com. For the state minimum coverage, the average annual cost in Colorado is $437.
*USAA is only available to military members and their families
Auto insurance calculator
Most & least expensive ZIP codes for auto insurance in Colorado
Most Expensive
| ZIP code | City | Highest rate |
|---|---|---|
| 80834 | Seibert | $241 |
| 80815 | Flagler | $235 |
| 80862 | Wild Horse | $235 |
| 81064 | Pritchett | $234 |
Least Expensive
| ZIP code | City | Lowest rate |
|---|---|---|
| 81505 | Grand Junction | $164 |
| 81521 | Fruita | $165 |
| 81635 | Parachute | $165 |
| 81507 | Redlands | $165 |
The Colorado Division of Insurance says...
On July 6, 2021, Governor Polis signed Senate Bill (SB) 21-169 into law, which protects Colorado consumers from insurance practices that result in unfair discrimination on the basis of race, color, national or ethnic origin, religion, sex, sexual orientation, disability, gender identify, or gender expression. The legislation holds insurers accountable for testing their big data systems - including external consumer data and information sources, algorithms, and predictive models - to ensure they are not unfairly discriminating against consumers on the basis of a protected class. SB21-169 requires insurers to take corrective action to address any consumer harms that are discovered.
- The Colorado Division of InsuranceColorado car insurance requirements
In Colorado, you need a minimum of 25/50/25 liability car insurance coverage. Ohio’s state minimum liability insurance costs an average of $831 annually or $69 monthly.
Minimum liability insurance requirements for Colorado:
- Bodily injury liability (BI): $25,000 per person, $50,000 per accident
- Property damage liability (PD): $15,000 per accident
Cheapest car insurance companies for minimum liability coverage in Colorado
According to Insurance.com data, Geico provides the cheapest state minimum liability insurance, averaging $222 annually or $19 monthly.
Below is the list of Colorado's most affordable car insurance companies with their state minimum coverage rates.
| Company | Liability insurance premium | Monthly liability insurance premium |
|---|---|---|
| Geico | $222 | $19 |
| Southern Farm Bureau | $228 | $19 |
| USAA* | $279 | $23 |
| State Farm | $387 | $32 |
| Progressive | $396 | $33 |
| Kemper Insurance | $397 | $33 |
| Auto-Owners | $419 | $35 |
| Acuity Insurance | $582 | $48 |
| Allstate | $761 | $63 |
| Farmers | $772 | $64 |
*USAA offers coverage only to military veterans and their family
Cheapest car insurance cost in Colorado by age
In Colorado, as in all states, car insurance rates are higher for teenagers as they are more prone to accidents due to their lack of experience on the road.
Southern Farm Bureau offers the cheapest car insurance for teen drivers in Colorado for $3,282 per year for full coverage car insurance.
Car insurance rates will decrease as teens get older and maintain a good driving record. Car insurance rates for adults 25+ and seniors 60+ are lower than those for teens and young adults.
Geico is the cheapest company for adults and seniors in Colorado for full coverage, with an average annual rate of $1,425 a year and $1,430 a year, respectively.
Compare car insurance rates by age
Select your age group and age below to see the insurance company and its
average annual and average monthly premium rates.
| Southern Farm Bureau | $3,999 | $333 |
| State Farm | $6,053 | $504 |
| Geico | $6,685 | $557 |
| USAA | $6,982 | $582 |
| Auto-Owners | $7,064 | $589 |
| Kemper Insurance | $8,761 | $730 |
| Allstate | $8,821 | $735 |
| Progressive | $16,012 | $1,334 |
| Farmers | $17,275 | $1,440 |
*USAA is available only to military members and their families
Cheapest car insurance companies in Colorado by driver profile
Accidents and tickets can negatively affect car insurance rates. Drivers who have accidents or tickets are considered a higher risk and will pay more.
The severity and frequency of the incidents will also play a role in the cost of insurance. For instance, drivers with a single minor accident may see a smaller increase in their rates compared to those with multiple major accidents.
Below are average Colorado rates by company for drivers with accidents and tickets on their driving record.
| Company | Clean record | Accident | Speeding ticket |
|---|---|---|---|
| USAA | $1,559 | $2,267 | $1,941 |
| State Farm | $1,950 | $2,223 | $2,081 |
| Geico | $1,445 | $2,528 | $2,467 |
| Kemper | $1,878 | $2,579 | $2,530 |
| Allstate | $2,774 | $3,952 | $3,000 |
| Auto-Owners | $2,874 | $3,987 | $3,279 |
| Progressive | $2,796 | $4,436 | $3,704 |
| Farmers | $3,578 | $5,500 | $6,051 |
*USAA is available only to military members and their families
Compare auto insurance rates by city in Colorado
Auto insurance rates in your city can differ significantly from the state average due to factors such as population density, increased instances of auto theft or accidents, and a few other factors. It's best to compare quotes from various insurance providers to find the most competitive rates for your specific city in Colorado.
| City | Annual insurance premium |
|---|---|
Aurora | $2,432 |
Boulder | $2,302 |
Castle Rock | $2,496 |
Colorado Springs | $2,349 |
Denver | $2,337 |
Evans | $2,366 |
Car insurance premium trends in Colorado
Car insurance average rates increase most years and various factors contribute to these changes, including shifts in economic conditions, changes in state laws, and the number and severity of insurance claims.
That's why it's important to keep track of car insurance premiums to make better decisions. The graph below shows how insurance rates in Colorado have increased or decreased from 2020 to 2023.
Whether you're planning to renew your policy with your current insurer or looking for a new one, this analysis is invaluable for making informed insurance choices.
Methodology
Insurance.com commissioned Quadrant Information Services in 2023 to field rates from major insurers in every state across most ZIP codes. Driver profile: male, age 40, driving a 2023 Honda Accord LX with full coverage of 100/300/100 with comprehensive and collision; $500 deductible.
The car insurance rates for drivers with accidents and tickets are averaged based on rates for the following accidents and tickets:
Accidents:
- 1 at-fault property damage accident over $2k
- 1 at-fault property damage accident under $2k
- At-fault bodily injury accident
- Single vehicle accident
Tickets:
- Distracted driving ticket
- Speeding ticket 1- 10 MPH over limit
- Speeding ticket 11- 29 MPH over limit
- Talking on cellphone ticket
- Texting ticket
Insurance.com analyzed rates from more than 34,000 ZIP codes, 56 million quotes, and 136 companies. Rates sourced from Quadrant Data Services are for comparison purposes only; your rates may differ.
Compare Colorado car insurance rates with other states
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