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.

Best home insurance companies in Alaska
Graph
Table
CompanyAM BestJD PowerNAICAverage annual premiumInsurance.com score
GeicoA++8010.91$1,4453.98
State FarmA++7830.7$1,9503.86
Auto-OwnersA++8080.5$2,8743.73
AllstateA+7950.65$2,7743.37
ProgressiveA+8280.65$2,7963.35
FarmersA8350.8$3,5782.94
Kemper InsuranceA-7362.16$1,8782.26

Data updated in 2024
Read our full methodology

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

CompanyState minimum liability50/100/50 liability100/300/100 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

Data updated in 2024
Read our full methodology

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

Average auto insurance rates in Colorado
30
16 17 18 19 20 21 22 23 24 25 30 35 40 45 50 55 60 65 70 75
Male
Male Female
80111 - Cherry Creek
For a 30-year-old male
$47 State minimum
$210 Full coverage
$73 Liability only

Most & least expensive ZIP codes for auto insurance in Colorado

Most Expensive

ZIP codeCityHighest rate
80834Seibert$241
80815Flagler$235
80862Wild Horse$235
81064Pritchett$234

Least Expensive

ZIP codeCityLowest rate
81505Grand Junction$164
81521Fruita$165
81635Parachute$165
81507Redlands$165
Data updated in 2024
Read our full methodology

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 Insurance

Colorado car insurance requirements

In Colorado, you need a minimum of 25/50/25 liability car insurance coverage. Colorado’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.

State minimum auto insurance coverage in Colorado
Company Liability insurance premiumMonthly 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

Data updated in 2024
Read our full methodology

Cheapest car insurance cost in Colorado by age

Southern Farm Bureau
Cheapest for teens
$3,282/yr
Learn more
company_name
Cheapest for adults
$1,425/yr
Learn more
company_name
Cheapest for seniors
$1,430/yr
Learn more

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.

Age group
Teen
Age
16
Table
Graph
State Farm$6,053$504
Geico$6,685$557
USAA$6,982$582
Allstate$8,821$735
Progressive$16,012$1,334
Farmers$17,275$1,440
Yearly premium

*USAA is available only to military members and their families

Data updated in 2024
Read our full methodology

Cheapest car insurance companies in Colorado by driver profile

company_name
Cheapest for at-fault accident
$2,223/yr
Learn more
company_name
Cheapest for DUI
$2,081/yr
Learn more
company_name
Cheapest for speeding ticket
$2,081/yr
Learn more

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.

CompanyClean recordAccidentSpeeding 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

Data updated in 2024
Read our full methodology

Compare auto insurance rates by city in Colorado

Auto insurance rates vary not just by state, but also by city. Cities have different levels of risk based on factors like accident rates, claim costs, weather and more. That means where you live in Colorado will impact what you pay. Below, we've gathered Colorado car insurance rates by city for comparison.

CityAnnual insurance premium
Aurora
$2,432
Boulder
$2,302
Castle Rock
$2,496
Colorado Springs
$2,349
Denver
$2,337
Evans
$2,366
Data updated in 2024
Read our full methodology

Car insurance rates change regularly, influenced by changes in the cost of repairs, claim rates and other factors. Recent years have seen car insurance rates rise across the country, but not every state has seen the same increases.

We've tracked car insurance premium trends in Colorado to show you how things have changed and help you prepare for potential changes in the future. Take a look at the chart below.

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.

Tip icon You might also be interested in