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GEICO offers the cheapest auto insurance rates in Colorado at about $1,124 a year or $94 monthly for an average driver profile. However, many factors go into deciding your insurance premium. Insurance companies use your driving record, the type of car you drive, and the coverage you select as metrics to determine your average annual car insurance cost.

Best auto insurance companies in Colorado

Based on Insurance.com's rate analysis, Nationwide is our top pick for the best auto insurance company in Colorado. It has earned 4.9 auto star rating, highest among the carriers surveyed. Apart from Nationwide, USAA, Hartford, MetLife and State Farm are the other top performers on the list of best car insurance companies.

Compare insurance providers based on their auto star ratings and decide which one is the right option for you.

CompanyAuto star ratings
Nationwide4.9
USAA4.8
Hartford4.7
MetLife4.4
State Farm4.0
Liberty Mutual3.9
Safeco3.7
Geico3.4
CSAA Insurance Group3.3
Travelers3.2

Cheapest car insurance companies in Colorado

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. You may be surprised at how much difference there can be in rates from one company to another.

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 a rate analysis by Insurance.com, GEICO is the cheapest auto insurance company in Colorado that offers insurance policies at $1,124 annually or $94 a month, on average.

CompanyAverage annual premiumAverage monthly premium
GEICO Casualty Co$1,124$94
USAA Casualty$1,162$97
Nationwide P&C$1,423$119
State Farm Mutl Automobile Ins$1,542$128
Unitrin Safeguard$1,727$144
Progressive Direct$1,903$159
Allstate F&C$2,037$170
American Family$2,071$173
Owners$2,110$176
Metropolitan P&C$2,948$246
Farmers Ins Exchange$3,303$275

Cheapest car insurance cost in Colorado for teens

State Farm is the cheapest car insurance company in Colorado for teen drivers. Its average annual premium for teenagers is $4,082 or $340 a month.

The difference in costs between the teen and adult group is significant. Drivers in the youngest age group pay more than the drivers in the oldest age group. There are several reasons for this difference. Teen drivers are more likely to be involved in accidents and to make claims on their insurance policies. They are also more likely to be driving illegally without insurance. All these reasons lead to higher insurance rates for teenage drivers.

CompanyAverage annual premium
State Farm Mut Auto$4,082
Geico Cas Co$5,205
Nationwide Prop & Cas$5,861
Allstate Fire & Cas$5,908
Progressive Direct$8,613
Farmers Ins Exch$12,188

Cheapest car insurance cost in Colorado for young adults

Geico is the cheapest car insurance company in Colorado for young adults, based on Insurance.com's rate analysis. Its average annual premium is $2,036 or $170 a month.

The insurance rates for young drivers are more expensive than adult drivers because they have a short history of safe driving and lack of experience on the road.

If you’re a young driver and still studying and looking for ways to save on your car insurance, make sure you take advantage of the discounts for which you are eligible. And for those who aren't students anymore, they can avail themselves of other discounts offered by insurance companies to save on their insurance premium.

CompanyAverage annual premium
Geico Cas Co$2,036
State Farm Mut Auto$2,523
Allstate Fire & Cas$2,603
Nationwide Prop & Cas$2,862
Progressive Direct$2,964
Farmers Ins Exch$3,711

Cheapest car insurance cost in Colorado for adults

Geico is the cheapest car insurance company in Colorado for adults. Its average annual premium is $1,527 or $127 a month.

When most drivers reach their mid 20s, they enjoy cheaper car insurance rates than in their teen years and early 20s. Still, the cost of car insurance varies due to factors such as a person’s driving record and the make or model they drive.

Adult drivers can lower the cost of auto insurance by shopping around and availing themselves of any discounts available. Another way to save on your premium is by insuring more than one vehicle with the same company, or by bundling your home and auto insurance policies.

CompanyAverage annual premium
Geico Cas Co$1,527
State Farm Mut Auto$1,614
Nationwide Prop & Cas$1,615
Allstate Fire & Cas$1,996
Progressive Direct$1,998
Farmers Ins Exch$2,880

Cheapest car insurance cost in Colorado for seniors

Nationwide is the cheapest auto insurance company for senior drivers in Colorado. Its average annual premium is $1,433 or $119 a month.

Insurance companies charge mature drivers much less than they do for teen drivers, but as drivers get into their senior years, a lot of those discounts dry up. You can save a lot of money by comparing car insurance rates. Senior drivers might be able to save hundreds of dollars on their insurance premium by shopping around.

CompanyAverage annual premium
Nationwide Prop & Cas$1,433
State Farm Mut Auto$1,487
Geico Cas Co$1,536
Progressive Direct$1,785
Allstate Fire & Cas$1,930
Farmers Ins Exch$2,744

Cheapest Car Insurance Companies in Colorado by Driver Profile

While location is a major factor in determining your car insurance rates, your driving profile also plays a role. Some drivers struggle with a bad driving record, but a clean record doesn't have to hurt your wallet. If you have been convicted of any traffic violations or have multiple accidents under your belt, then your auto insurance rates may skyrocket.

Make sure you compare rates of insurance companies to find the best policy for you. No matter what your driving history looks like, you can still find affordable coverage in Colorado.

Cheapest auto insurance for drivers with poor credit: Geico

Geico is the cheapest car insurance company for drivers a with poor credit score. Its average annual premium is $1,722 or $144 a month. It's important to know that your credit score can affect your rates with insurers. One company might charge more because of your poor credits, but another could offer the same coverage for less money. The best way to get lower rates is by getting multiple quotes from different companies and seeing which one offers a better price

CompanyAverage annual premium
Geico$1,722
Nationwide$2,085
USAA$2,797
Unitrin$2,822
State Farm$3,184
Progressive$3,354
Allstate$3,624
Farmers Ins$4,061
Owners$4,144
American Family$4,194
Metropolitan$6,960

Cheapest auto insurance for drivers with a speeding tickets: USAA

USAA is the cheapest car insurance company for drivers with a speeding ticket. Its average annual rate for Colorado drivers is $1,631, based on a rate analysis by Insurance.com.

If you get a speeding ticket, your car insurance rates might go up. However, how much a speeding ticket affects your rates will depend on the type of violation, insurance company’s pricing strategy and regulations in your state.

The data below shows the companies that offer cheap insurance rates for drivers with a speeding ticket in Colorado.

CompanyAverage annual premium
USAA$1,631
State Farm$1,696
Geico$1,988
Nationwide$2,084
Progressive$2,389
Unitrin$2,391
Allstate$2,399
Owners$2,471
Farmers Ins$3,168
American Family$3,561
Metropolitan$5,654

Cheapest auto insurance after at-fault accident: State Farm

State Farm is the cheapest car insurance company for drivers with an accident record. Its annual average cost for drivers with an at-fault bodily injury accident is $1,810. The only way to get cheap car insurance after an accident is by comparing rates. So, don't forget to compare insurers based on their average annual premium to get an affordable rate.

CompanyAverage annual premium
State Farm$1,810
USAA$1,849
Geico$2,045
Nationwide$2,204
Unitrin$2,428
Progressive$2,826
Owners$3,064
American Family$3,120
Allstate$3,279
Farmers Ins$3,460
Metropolitan$6,284

Cheapest auto insurance after a DUI: State Farm

The cheapest car insurance company for drivers with a DUI is State Farm. Its average premium cost is $1,696 or $141 a month.

When you get pulled over for driving under the influence, your insurance rates are going to skyrocket. This is because it signals that drivers with a DUI have a higher chance of getting into accidents. A DUI conviction can have a huge impact on your insurance rates, but shopping around may help you save money.

CompanyAverage annual premium
State Farm$1,696
Progressive$2,186
Geico$2,380
USAA$2,732
Nationwide$2,770
Allstate$2,855
Farmers Ins$3,365
American Family$3,561
Owners$3,625
Unitrin$3,938
Metropolitan$8,292

Average cost of car insurance in Colorado

The average car insurance rate in Colorado is $1,941 a year for a full coverage policy with coverage level of 100/300/100 for a driver age 30, according to a rate analysis by Insurance.com. That’s $485 more than the national average $1,456. For the state minimum coverage, the average annual cost in Colorado is $500.

State minimum average annual rateFull coverage average annual rate
$500$1,941