Nestled in the heart of the American West, Colorado is a state of diverse beauty, from the soaring Rocky Mountains to its sweeping plains. A hub of outdoor activities, Colorado offers its residents access to some of the nation’s most stunning natural landscapes.
But whether they’re commuting through the bustling streets of Denver or cruising down scenic byways, Colorado drivers share a common need: reliable car insurance. Given the state’s diverse climate conditions, from sudden hailstorms to snowy mountain roads, having the right coverage becomes paramount.
However, amid all these considerations, there’s a prevailing question on every driver’s mind: How can one secure the best coverage without breaking the bank?
Here is our detailed guide on the Best car insurance in Colorado, where we’ll provide answers and ensure you’re well-equipped to make an informed decision.
Cheapest Car Insurance in Colorado
Navigating the car insurance landscape in Colorado can be scary, given the variety of options. However, it’s always a pleasant surprise to find insurance that is not only comprehensive but also affordable.
A recent analysis highlighted that American National emerges as the affordable frontrunner in Colorado. On average, their full coverage car insurance is priced at a competitive $842 per year, translating to approximately $70 per month.
This is significantly below the state average for full coverage, which is $2,698 annually or roughly $225 monthly.
Moreover, there’s room for even more savings when we shift our gaze to minimum coverage requirements. The average cost of minimum coverage in Colorado is around $636 annually. Yet, American National continues to defy these numbers.
They offer a rate as low as $165 per year for a 35-year-old driver with an unblemished driving record. This indicates a substantial savings potential for diligent consumers willing to research and make informed choices.
How We Chose the Cheapest Companies in Colorado
To ensure accuracy and relevance, our dedicated editorial team extensively analyzed car insurance rates in Colorado. Our research encompassed rates from 19 notable auto insurers, all for the model 2020 Toyota Camry L. By doing so, we aimed to present a standardized evaluation, facilitating better comparisons for our readers.
We considered diverse driver profiles, focusing on various age groups and distinct driving histories. This detailed approach ensures that our findings resonate with a broader audience, regardless of their age or past driving experiences.
When discussing the concept of ‘minimum coverage,’ we based our evaluations on rates that strictly align with Colorado’s state-mandated insurance minimums. On the other hand, for ‘full coverage,’ we meticulously defined our parameters to provide comprehensive insights. Below are the specific coverage limits we utilized:
Bodily Injury Liability:
$100,000 per person
$300,000 per accident
Property Damage Liability:
$50,000 per accident
Uninsured Motorist Coverage:
$100,000 per person
$300,000 per accident
Collision Coverage:
Deductible of $1,000
Comprehensive Coverage:
Deductible of $1,000
Cheap Car Insurance in Colorado
Getting insured doesn’t mean you have to break the bank. Several affordable options are available for residents, ensuring drivers can comply with regulations and protect their vehicles without straining their budget. We will discuss various companies’ cheapest and most comprehensive offers for various users.
Colorado Rates for Teen Drivers
Teenage drivers often face some of the highest premiums. The reason is rooted in statistics: younger drivers, due to their lack of experience, are perceived as a higher risk, leading to escalated insurance costs. In Colorado, this trend is evident as well.
For instance, 17-year-old male drivers face an average annual premium of $6,319, whereas their female counterparts, on average, pay slightly less at $5,653.
Among the plethora of insurance providers in the state, there are notable disparities in the rates offered for teenage drivers. For 17-year-old females, State Farm is the most budget-friendly option, presenting an average rate of $3,563. On the other hand, Geico offers the most affordable rate for 17-year-old males, averaging $3,907.
However, it’s essential to consider the broader landscape of rates across companies. Allstate, for example, charges $5,904 for females and $6,524 for males. American Family Insurance’s rates hover around $3,794 for females and $4,072 for males.
Farmers are on the higher end of the spectrum, with females facing a substantial $10,186 and males $11,055. Geico, as mentioned, offers rates at $3,744 for females and $3,907 for males. Nationwide’s figures are $4,813 for females and $5,691 for males.
Progressive charges $9,856 for females and a whopping $10,910 for males. State Farm, known for its affordable female rates, charges males around $4,524. Lastly, the USA, often celebrated for its competitive rates, offers $3,369 for females and $3,873 for males.
Cheapest for 20-year-old Drivers
Navigating the realm of car insurance for 20-year-old drivers in Colorado can feel overwhelming. Due to their age and limited driving experience, the rates are often high.
However, with patience and research, one can find more reasonable rates. As drivers gain experience, insurers tend to offer better rates. Some providers are more forgiving to young drivers than others, making it essential to shop around.
Cheapest full coverage car insurance in Colorado for 20-year-olds
For those 20-year-olds in Colorado with a pristine driving record, certain insurers stand out for their affordability. Top on the list is American National, offering a rate of roughly $127 monthly.
Colorado Farm Bureau and American Family follow closely, with their monthly rates rounding to $193 and $241, respectively. State Farm and Auto-Owners complete the top five, charging around $246 and $306 monthly.
Cheapest minimum coverage car insurance in Colorado for 20-year-olds
If minimum coverage satisfies your needs, a few insurers in Colorado should be on your radar. American National impresses again with a strikingly low monthly rate of $31.
Colorado Farm Bureau and State Farm also come recommended, with monthly charges of $53 and $76, respectively. California Casualty and Geico make the list, too, charging around $79 and $86 per month.
Cheapest auto insurance in Colorado for 20-year-olds with poor credit
Credit scores play a crucial role in finalizing insurance rates. A few insurers offer relatively affordable rates for those 20-year-olds grappling with poor credit in Colorado. Colorado Farm Bureau and American National are the forerunners, charging approximately $96 and $104 monthly.
Geico, California Casualty, and Grange Insurance Association follow suit, with monthly premiums between $113 and $137.
Cheapest auto insurance in Colorado for 20-year-olds with one speeding ticket
A recent speeding ticket can spike your insurance rates, but some providers are more lenient than others. American National offers the most competitive rate at around $38 monthly for those with a speeding violation. Colorado Farm Bureau, State Farm, Geico, and Auto-Owners round out the top picks, with their monthly rates spanning between $71 and $105.
Cheapest auto insurance in Colorado for 20-year-olds with one at-fault crash
Accidents happen, and when they do, they can elevate your insurance costs. However, some providers still offer competitive rates even post-accident. American National stands out with a monthly rate of about $47. Colorado Farm Bureau, State Farm, California Casualty, and Geico also make the cut, with their monthly rates ranging between $67 and $131.
Cheapest auto insurance in Colorado for 20-year-olds after a DUI
A DUI can heavily influence insurance rates, but affordable options still exist. American National is a top choice, with a monthly rate hovering around $51. Colorado Farm Bureau, State Farm, Progressive, and Geico offer competitive rates for those with a DUI, with monthly charges spanning from $79 to $147.
Cheapest for 30-year-old Drivers
When drivers hit their 30s in Colorado, they usually find themselves eligible for lower car insurance rates than their younger years. This dip in premiums is attributed to their additional years of driving experience. However, rates can fluctuate based on driving records or the car’s make and model. Drivers in this age bracket should scout for insurance discounts and periodically shop around to ensure they get the best deal.
Cheapest full coverage car insurance in Colorado for 30-year-olds
Companies offer attractive rates for full coverage for 30-year-old drivers in Colorado who maintain an impeccable driving record. American National leads the pack with an approximate monthly charge of $73. Following closely are State Farm, Colorado Farm Bureau, California Casualty, and Auto-Owners, with monthly rates between $116 and $163.
Cheapest minimum coverage car insurance in Colorado for 30-year-olds
Regarding the bare minimum coverage in Colorado, several insurers stand out regarding affordability. American National is the most economical option, costing about $14 monthly. Meanwhile, companies like California Casualty, Grange Insurance Association, Colorado Farm Bureau, and State Farm offer rates that hover around the $24 to $29 monthly mark.
Cheapest auto insurance in Colorado for 30-year-olds with poor credit
A poor credit score can inevitably impact insurance rates, but certain providers in Colorado offer competitive rates even in such scenarios. Grange Insurance Association and State Farm are frontrunners for full coverage, with monthly charges of approximately $223 and $225, respectively. American National, Geico, and California Casualty follow suit with monthly rates ranging from $245 to $267.
Cheapest auto insurance in Colorado for 30-year-olds with one speeding ticket
A speeding ticket can put a dark spot on an otherwise clean record, but some companies still provide affordable rates for those with this violation. American National offers the lowest rate at roughly $17 per month. Grange Insurance Association, State Farm, California Casualty, and Colorado Farm Bureau also offer competitive rates, charging between $31 and $37 monthly.
Cheapest auto insurance in Colorado for 30-year-olds with one at-fault crash
Having an at-fault crash on one’s record can undeniably elevate premiums. However, American National is a favored choice for those in this predicament, charging about $95 monthly for full coverage. Other notable mentions are State Farm, Colorado Farm Bureau, American Family, and Grange Insurance Association, with monthly rates ranging from $150 to $222.
Cheapest auto insurance in Colorado for 30-year-olds after a DUI
A DUI conviction can significantly hike insurance rates. Nonetheless, affordable options are still accessible. American National proves to be a cost-effective choice, with a monthly rate of roughly $101. Colorado Farm Bureau, State Farm, American Family, and California Casualty also make the list, charging between $169 and $262 monthly for full coverage.
Cheapest for 40-year-old Drivers
In Colorado, drivers in their 40s typically enjoy better insurance rates than younger drivers. However, they still might find their premiums a tad higher than those for older age groups. Obtaining quotes from multiple insurers is essential to secure the most affordable rates. Pay-per-mile insurance can be an attractive option for those who drive infrequently, which bases its cost on the number of miles driven.
Cheapest full coverage car insurance in Colorado for 40-year-olds
40-year-old drivers in Colorado boasting clean driving records might want to contemplate the following providers offering the most competitive rates for full coverage:
American National, charging approximately $66 monthly, is at the top of the list. State Farm, Colorado Farm Bureau, American Family, and Auto-Owners are also great options, with monthly rates spanning from $112 to $159.
Cheapest minimum coverage car insurance in Colorado for 40-year-olds
Those seeking only the minimum coverage in Colorado should consider the following insurers recognized for their cost-effectiveness:
American National takes the lead with a mere $13 per month. Colorado Farm Bureau, Grange Insurance Association, State Farm, and California Casualty are contenders, with monthly rates fluctuating between $20 and $31.
Cheapest auto insurance in Colorado for 40-year-olds with poor credit
In Colorado, drivers challenged with a poor credit score might find the following companies to be more forgiving, offering the most affordable rates for full coverage:
State Farm and American National lead the charge with monthly fees of around $218 and $221, respectively. Grange Insurance Association, Geico, and Colorado Farm Bureau are viable choices, with monthly rates ranging between $239 and $245.
Cheapest auto insurance in Colorado for 40-year-old drivers with one speeding ticket
A single speeding ticket can make a noticeable difference in premiums. Nevertheless, the following companies offer the most attractive rates for minimum coverage in this scenario:
American National stands out with a rate of roughly $16 per month. Colorado Farm Bureau, Grange Insurance Association, State Farm, and auto owners follow suit, with monthly charges between $27 and $40.
Cheapest auto insurance in Colorado for 40-year-old drivers with one at-fault crash
Being responsible for a recent accident doesn’t mean affordable rates are out of reach. American National appears most budget-friendly for full coverage at around $85 monthly. State Farm, Colorado Farm Bureau, American Family, and Auto-Owners also present competitive rates that range from $146 to $228 per month.
Cheapest auto insurance in Colorado for 40-year-old drivers after a DUI
After facing a DUI, finding affordable insurance can be challenging, but the following companies offer the most competitive rates for full coverage:
American National is the top pick, with an approximate monthly rate of $90. Colorado Farm Bureau, American Family, State Farm, and Progressive also emerge as strong contenders, with their rates stretching between $143 and $248 per month. Use Beem to compare quotes from different insurance providers to get the best deal and upto 40% off on your policy.
Cheapest for 50-year-old Drivers
Drivers in their 50s in Colorado typically enjoy more favorable car insurance rates than most other age groups. As these individuals approach their 60s, they will likely benefit from even further reductions due to their accumulating driving experience.
Nonetheless, gender and location can introduce variability in the premium amount. Thus, it’s wise for drivers to shop around and find the best deals. Our list of economic auto insurance providers is an excellent starting point.
Cheapest full coverage car insurance in Colorado for 50-year-olds
For 50-year-old drivers in Colorado who boast a clean driving record, American National emerges as a top choice, charging an average of about $64 monthly. Following closely are State Farm at $108, Colorado Farm Bureau at $118, American Family at $137, and Auto-Owners rounding off the list at $152 monthly.
Cheapest minimum coverage car insurance in Colorado for 50-year-olds
American National leads the selection with an attractive deal of around $12 a month for those inclined towards just the state’s minimum coverage. In its wake are Colorado Farm Bureau at $19, Grange Insurance Association at $24, State Farm at $29, and California Casualty finishing the lineup at $31 monthly.
Cheapest auto insurance in Colorado for 50-year-olds with poor credit
Navigating the insurance landscape with a poor credit score can take time and effort. However, State Farm stands out in this segment, offering a commendable monthly rate of $210. Grange Insurance Association is just a little behind at $214, neither is American National, also at $214, followed by Geico with $230, and finally, American Family wrapping it up at $233 per month.
Cheapest auto insurance in Colorado for 50-year-old drivers with one speeding ticket
A recent infraction like a speeding ticket can inevitably cause premiums to rise. Nevertheless, American National provides a ray of hope with its enticing rate of about $15 per month. Colorado Farm Bureau’s offering of $26, Grange Insurance Association’s $30, State Farm’s $33, and Auto-Owners at $37 per month also make the list of favorable options.
Cheapest auto insurance in Colorado for 50-year-old drivers with one at-fault crash
Accidents can significantly affect insurance rates, but American National offers some respite with its competitive rate of $82 per month for those who’ve recently been at fault in a crash. Colorado Farm Bureau also presents an attractive option at $140, closely followed by State Farm at $141, American Family at $157, and Grange Insurance Association making its mark at $213 monthly.
Cheapest auto insurance in Colorado for 50-year-old drivers after a DUI
A DUI can complicate the pursuit of affordable insurance. Still, American National shines brightly with its $86 monthly rate. Colorado Farm Bureau’s $136, American Family’s $153, State Farm’s $166, and Progressive’s offering of $231 monthly demonstrate that there are still cost-effective options available post-DUI.
Cheapest for 60-year-old Drivers
In Colorado, 60-year-olds typically enjoy cheaper car insurance rates than many other demographics. However, they might notice an uptick in prices as they age. To secure affordable car insurance, individuals in their 60s are advised to shop around and discover the best possible rate extensively. Furthermore, tapping into any available senior citizen discounts can result in additional savings.
Cheapest full coverage car insurance in Colorado for 60-year-olds
For those in Colorado with a pristine driving record, considering American National might be advantageous, with a monthly premium of around $57. Other noteworthy insurers in this category include State Farm at $100 monthly, Colorado Farm Bureau at $124, American Family, charging about $134, and Auto-Owners at approximately $146 a month.
Cheapest minimum coverage car insurance in Colorado for 60-year-olds
American National remains a prominent choice for 60-year-olds who prefer the state’s minimum coverage at a monthly rate of $12. Other contenders offering competitive rates are Colorado Farm Bureau at $23, Grange Insurance Association at $25, State Farm at $26, and California Casualty at $28 per month.
Cheapest auto insurance in Colorado for 60-year-olds with poor credit
Credit scores are crucial to determining insurance rates. For those grappling with a subpar credit rating in Colorado, American National emerges as a frontrunner with a monthly charge of $193. Similarly priced, State Farm also offers a rate of $193, followed by Grange Insurance Association at $220, Geico at $228, and American Family close behind at $229 per month.
Cheapest auto insurance in Colorado for 60-year-old drivers with one speeding ticket
A recent speeding violation can put a dent in one’s insurance affordability. However, American National provides some relief with its $15 monthly rate. Other insurers offering competitive rates under this circumstance include Grange Insurance Association at $30, State Farm and Colorado Farm Bureau at $31, and Auto-Owners with a monthly fee of $36.
Cheapest auto insurance in Colorado for 60-year-old drivers with one at-fault crash
Having been responsible for a recent accident can lead to heightened insurance costs. Nevertheless, American National extends an offer of $74 per month. Other viable options for those in this situation are State Farm at $131 monthly, Colorado Farm Bureau at $148, American Family at $153, and Auto-Owners, which charges around $208 monthly.
Cheapest auto insurance in Colorado for 60-year-old drivers after a DUI
Facing the aftermath of a DUI conviction can be daunting when seeking affordable insurance. American National, however, offers a competitive $78 monthly rate. Other companies extending reasonable rates post-DUI include Colorado Farm Bureau at $145 monthly, American Family at $150, State Farm at $154, and Progressive at approximately $223 per month.
Cheapest for 70-year-old Drivers
As drivers age into their 70s, they might witness a gradual increase in their car insurance premiums in Colorado. To ensure they’re getting the most cost-effective policy, it’s pivotal for these senior drivers to shop around, diligently gathering quotes from multiple providers. Moreover, some insurance companies extend discounts to senior drivers, especially those who undergo defensive driving courses. These discounts can prove beneficial in achieving affordable rates.
Cheapest full coverage car insurance in Colorado for 70-year-olds
American National is a frontrunner for senior Coloradans, boasting clean driving records and offering full coverage at an approximate monthly rate of $63. State Farm is just a little behind, with its monthly charge of around $104. Other commendable options for full coverage include American Family at $137 per month, Colorado Farm Bureau at $145, and California Casualty rounding off the top five with a rate of about $154 monthly.
Cheapest minimum coverage car insurance in Colorado for 70-year-olds
If minimal coverage is what a 70-year-old driver in Colorado is after, then American National, with its $17 monthly rate, might be worth considering. Other insurers offering competitive minimum coverage rates include Grange Insurance Association at $28 monthly, State Farm at $29, California Casualty at $32, and Colorado Farm Bureau, which charges around $36 monthly.
Cheapest auto insurance in Colorado for 70-year-olds with poor credit
When a 70-year-old driver in Colorado struggles with poor credit, State Farm offers a ray of hope with a monthly premium of $201. American National offers a slightly steeper rate at $212 per month, followed by American Family at $234, Geico at $246, and Grange Insurance Association at about $248 per month.
Cheapest auto insurance in Colorado for 70-year-old drivers with one speeding ticket
Traffic violations such as speeding can have an impact on insurance rates. Nonetheless, American National offers a competitive rate of around $20 monthly for those with a recent ticket. Other insurance providers to consider in this scenario are State Farm at $33 per month, Grange Insurance Association at $34, Auto-Owners with a $45 rate, and California Casualty coming in at approximately $47 monthly.
Cheapest auto insurance in Colorado for 70-year-old drivers with one at-fault crash
Being accountable for a recent accident can considerably elevate insurance premiums. Yet, American National provides an offer at about $84 monthly. Other insurers providing competitive rates for those with recent accidents include State Farm at $136 per month, American Family at $159, Colorado Farm Bureau with its $175 rate, and California Casualty at roughly $235 monthly.
Cheapest auto insurance in Colorado for 70-year-old drivers after a DUI
DUI convictions often result in hefty insurance premiums. However, American National has positioned itself competitively with a rate of $89 monthly post-DUI. Other insurance providers with compelling post-DUI rates are American Family at $154 monthly, State Farm at $161, Colorado Farm Bureau with its $175 offer, and Progressive at about $259 per month.
How Much Is Full Coverage Car Insurance in Colorado?
Full coverage car insurance in Colorado encompasses state-mandated requirements and typically includes comprehensive and collision coverage. On average, rates for 70-year-olds, for instance, range from around $757 annually with companies like American National to about $1,843 with California Casualty. These prices can vary based on various factors, such as driving record, vehicle type, and location within the state.
Average Annual Car Insurance Rates in Colorado by Company
Different insurance companies offer varying rates in Colorado. For a 70-year-old seeking full coverage, American National offers one of the most competitive rates at approximately $757 per year.
Other providers like State Farm and American Family follow closely with rates around $1,245 and $1,646 annually, respectively. Colorado Farm Bureau and California Casualty also provide full coverage options priced at $1,744 and $1,843 annually.
How Much Is Liability-Only Coverage Car Insurance in Colorado?
Liability-only car insurance covers damages to other people and their property if you’re at fault in an accident. For 70-year-olds in Colorado, this coverage can be as low as $199 per year with American National or up to approximately $426 per year with Colorado Farm Bureau. It’s crucial to remember that these rates are just averages and could vary based on individual circumstances.
Minimum Car Insurance Requirements in Colorado
Colorado mandates drivers to have a certain amount of liability insurance. This ensures they can cover costs if they’re at fault in an accident. The exact requirements can change, but typically, they include bodily injury and property damage coverage. Drivers should always verify the current state-mandated minimums to ensure compliance.
Tips for How to Get Cheap Car Insurance in Colorado
To secure cheap car insurance in Colorado, consider the following tips:
- Shop around and talk to various insurers to compare quotes.
- Take advantage of discounts, especially those offered to senior citizens or for taking defensive driving courses.
- Maintain a clean driving record.
- Consider increasing your deductible, but ensure it’s an amount you can afford.
- Bundle insurance policies, like home and auto, if possible.
No-Fault Insurance in Colorado
As of my last update in September 2021, Colorado is not a no-fault state. This means the driver found at fault in an accident is responsible for the damages. However, insurance regulations and rules can change, so it’s always a good idea to check current state laws or consult an insurance professional in Colorado.
Conclusion
Car insurance is essential for drivers in Colorado, not just for legal compliance but also for financial protection. Rates vary by age, driving record, and company, so shopping around is essential. By following the tips mentioned above and staying informed about state requirements, drivers can find a policy that offers both affordability and ample coverage. Use Beem to get the best auto insurance coverage for your needs with upto 40% off on the policy.
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Frequently Asked Questions
Is car insurance required in Colorado?
Yes, car insurance is required in Colorado.
Which cars are required to be insured in Colorado?
All vehicles operating on the roads in Colorado are required to be insured.
When should I get car insurance in Colorado?
It would help if you got car insurance in Colorado before driving or registering a vehicle.
How much car insurance do I need in Colorado?
Colorado mandates drivers to have minimum liability insurance covering bodily injury and property damage.
How much is car insurance in my city in Colorado?
Car insurance rates vary depending on your city in Colorado; it’s best to obtain local quotes for accurate pricing.
What happens if my car is not properly insured in Colorado?
Driving without insurance in Colorado can lead to fines, license suspension, and other penalties.
Is Colorado a no-fault state?
No, Colorado is not a no-fault state. The at-fault driver can be responsible for damages in an accident.
Do I need uninsured motorist coverage in Colorado?
While the provided information doesn’t specify, it’s always advisable to consider uninsured motorist coverage for added protection.
Is liability insurance required in Colorado?
Yes, liability insurance is required in Colorado to cover bodily injury and property damage.
Does Colorado accept digital insurance cards?
While the provided data doesn’t specify, many states, including Colorado, have adopted the acceptance of digital insurance cards. It’s best to verify with local regulations.
Is insurance expensive in Colorado?
The cost of insurance in Colorado varies based on factors like age, driving record, and the insurance company. For 70-year-olds, full coverage can range from $757 to $1,843 per year.
What’s the average cost of car insurance in Colorado?
The average cost varies based on demographics and coverage. For 70-year-olds, full coverage averages between $757 and $1,843 annually.
