Geico offers the cheapest auto insurance rates in Colorado at about $1,212 a year or $101 monthly, on average. That’s below the average Colorado car insurance rate of $1,804 a year.
Cheap isn’t everything, but an Insurance.com analysis of rates, complaints, and financial stability found Geico to be the best insurance company overall in Colorado, in addition to the low rates.
Many factors go into your insurance premium. Insurance companies use your driving record, the type of car you drive, and the coverage you select to determine your average annual car insurance cost.
Read on to compare Colorado insurance rates by company, age and more.
Key takeaways
- Geico is the best car insurance company in Colorado, with a low complaint ration and an overall rating of 4.95.
- Geico is also the cheapest car insurance company in Colorado at $1,212 per year.
- Geico has the cheapest rates for teens, while Nationwide has the cheapest rates for drivers with tickets or accidents.
Average cost of car insurance in Colorado
The average car insurance rate in Colorado is $1,804 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.
Best car insurance companies in Colorado
Geico is the best car insurance company in Colorado, based on a 2023 analysis by Insurance.com, with an overall rating of 4.95.
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.
| Insurance company | AM Best | Average annual rate | NAIC Complaint ratio | Insurance.com score |
|---|---|---|---|---|
| Geico | A++ | $1,212 | 0.77 | 4.95 |
| USAA | A++ | $1,300 | 0.99 | 4.82 |
| Nationwide | A+ | $1,304 | 0.66 | 4.59 |
| State Farm | A++ | $1,565 | 0.52 | 4.38 |
| Progressive | A+ | $1,704 | 0.73 | 4.21 |
| Auto-Owners | A++ | $2,357 | 0.64 | 3.92 |
| Allstate | A+ | $2,120 | 0.95 | 3.78 |
| Farmers | A | $2,167 | 0.77 | 3.47 |
| American Family | A | $2,736 | 0.57 | 2.99 |
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 is the cheapest auto insurance company in Colorado with average rates of $1,212 annually or $101 a month, on average for a full coverage policy.
| Company | State minimum | 50/100/50 liability only | 100/300/100 liability with $500 comp/coll deductible |
|---|---|---|---|
| Geico | $222 | $318 | $1,212 |
| USAA | $231 | $341 | $1,300 |
| Nationwide | $474 | $585 | $1,304 |
| State Farm | $346 | $486 | $1,565 |
| Kemper Insurance | $343 | $530 | $1,578 |
| Progressive | $520 | $743 | $1,704 |
| Allstate | $660 | $857 | $2,120 |
| Farmers | $561 | $939 | $2,167 |
| Auto-Owners | $460 | $771 | $2,357 |
| American Family | $554 | $1,482 | $2,736 |
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.
Geico offers the cheapest car insurance for teen drivers in Colorado for $4,124 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 Nationwide is the cheapest company for seniors in Colorado for full coverage, with an average annual rate of $1,226 a year and $1,203 a year, respectively.
| Age (group) | Company Group | Avg. Annual Premium |
|---|---|---|
| Teens (16-19) | Geico | $ 4,124 |
| Teens (16-19) | USAA | $ 4,133 |
| Teens (16-19) | State Farm | $ 4,167 |
| Teens (16-19) | Nationwide | $ 4,515 |
| Teens (16-19) | American Family | $ 5,049 |
| Teens (16-19) | Kemper Insurance | $ 5,834 |
| Teens (16-19) | Auto-Owners | $ 5,979 |
| Teens (16-19) | Allstate | $ 5,981 |
| Teens (16-19) | Progressive | $ 8,203 |
| Teens (16-19) | Farmers | $ 10,004 |
| Young Adults (20-24) | Geico | $ 1,753 |
| Young Adults (20-24) | USAA | $ 2,020 |
| Young Adults (20-24) | Nationwide | $ 2,227 |
| Young Adults (20-24) | State Farm | $ 2,475 |
| Young Adults (20-24) | Allstate | $ 2,741 |
| Young Adults (20-24) | Progressive | $ 2,811 |
| Young Adults (20-24) | Farmers | $ 2,881 |
| Young Adults (20-24) | Kemper Insurance | $ 2,908 |
| Young Adults (20-24) | American Family | $ 3,576 |
| Young Adults (20-24) | Auto-Owners | $ 3,824 |
| Adults (25-55) | Geico | $ 1,226 |
| Adults (25-55) | USAA | $ 1,310 |
| Adults (25-55) | Nationwide | $ 1,317 |
| Adults (25-55) | State Farm | $ 1,589 |
| Adults (25-55) | Kemper Insurance | $ 1,602 |
| Adults (25-55) | Progressive | $ 1,730 |
| Adults (25-55) | Allstate | $ 2,099 |
| Adults (25-55) | Farmers | $ 2,180 |
| Adults (25-55) | Auto-Owners | $ 2,416 |
| Adults (25-55) | American Family | $ 2,734 |
| Seniors (60-75) | Nationwide | $ 1,203 |
| Seniors (60-75) | Geico | $ 1,218 |
| Seniors (60-75) | USAA | $ 1,276 |
| Seniors (60-75) | State Farm | $ 1,448 |
| Seniors (60-75) | Progressive | $ 1,678 |
| Seniors (60-75) | Kemper Insurance | $ 1,741 |
| Seniors (60-75) | Allstate | $ 1,957 |
| Seniors (60-75) | Farmers | $ 2,144 |
| Seniors (60-75) | Auto-Owners | $ 2,353 |
| Seniors (60-75) | American Family | $ 2,541 |
Cheapest car insurance companies in Colorado by driver profile
Accidents and tickets can negatively affect car insurance rates.
The severity and frequency of the incidents will also play a role in 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 | Ticket |
|---|---|---|---|
| USAA | $1,292 | $1,877 | $1,602 |
| Nationwide | $1,411 | $2,136 | $1,690 |
| Geico | $1,285 | $2,238 | $1,743 |
| State Farm | $1,633 | $1,873 | $1,753 |
| Kemper | $1,893 | $2,606 | $2,443 |
| Allstate | $2,219 | $3,341 | $2,443 |
| Progressive | $1,915 | $2,912 | $2,466 |
| Auto-Owners | $2,199 | $3,158 | $2,482 |
| Farmers | $2,468 | $3,440 | $3,303 |
| American Family | $3,387 | $3,915 | $3,781 |
Methodology
Insurance.com commissioned Quadrant Information Services in 2022 to field rates from up to six major insurers every state across most ZIP codes. Driver profile: male, age 40, driving 2021 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.
