Cheapest Car Insurance In Colorado (2024)
The cheapest car insurance in Colorado comes from American National at $19 per month on average.
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As car insurance prices go up, it is recommended for drivers in Colorado to compare different policies to find the coverage that is most budget-friendly. Our reviews team has researched the best car insurance companies nationwide. We carefully examined how each provider is thought of, how satisfied customers are, what coverage options they offer, and the average cost.
In this review, we will show you the most effective methods to save money on insurance and reveal the places in Colorado where you can find the least expensive car insurance, specifically designed for your driving habits.
Key Points
- American National is the cheapest car insurance company in Colorado overall, with an average rate of $19 per month for minimum coverage and $121 per month for full coverage.
- GEICO and Southern Farm Bureau also offer affordable car insurance rates for many driver profiles.
- If you’re under 25 years old or have traffic violations, your car insurance rates will be higher than the average.
- You can save on car insurance by opting for minimum coverage, looking for discounts, increasing your deductible, and bundling your auto insurance with other policies.
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Car insurance companies have different ways of evaluating driver profiles, so the provider that is most affordable for one person may not be the most affordable for another. For instance, let’s take a look at the cheapest auto insurance providers and their rates based on different types of drivers in Colorado.
| Cheapest Car Insurance Company | Average Monthly Cost | Average Annual Cost | |
|---|---|---|---|
| Minimum coverage | American National | $19 | $234 |
| Full coverage | American National | $121 | $1,447 |
| 16-year-olds | Southern Farm Bureau | $100 | $1,204 |
| 45-year-olds | American National | $17 | $205 |
| High-risk drivers | American National | $28 | $340 |
| After a speeding ticket | American National | $24 | $283 |
| After an accident | American National | $29 | $354 |
| After a DUI | American National | $32 | $382 |
| Poor credit drivers | GEICO | $30 | $360 |
*Unless stated otherwise, average costs are minimum-coverage rates for single male drivers between the ages of 25 and 35 with a clean driving history.
What Is The Cheapest Car Insurance Company In Colorado?
In general, we discovered that when it comes to car insurance in Colorado, American National is the most affordable option for the majority of drivers. The following sections will cover the average monthly costs of both minimum- and full-coverage car insurance from the cheapest companies in Colorado.
These rates apply to drivers in Colorado who vary in age, location, and driving experience. The cheapest companies are organized by minimum coverage costs.
Cheapest Minimum Coverage In Colorado: American National
Drivers looking for the most affordable coverage that just meets Colorado state minimum requirements may find it at American National for about $19 per month or $234 per year on average.
| Cheapest Car Insurance in Colorado | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| American National | $19 | $234 |
| GEICO | $30 | $360 |
| Southern Farm Bureau | $30 | $361 |
| USAA | $34 | $404 |
| State Farm | $51 | $611 |
| Auto-Owners | $52 | $629 |
| Progressive | $54 | $647 |
| Farmers | $89 | $1,071 |
| Allstate | $94 | $1,122 |
Cheapest Full Coverage In Colorado: American National
American National is the best choice if you want the most comprehensive coverage at the best price. The provider offers full-coverage insurance for an average of $121 per month.
Full-coverage insurance policies in Colorado generally include liability insurance, uninsured/underinsured motorist coverage, collision coverage, and comprehensive insurance.
| Cheapest Car Insurance in Colorado | Average Monthly Cost | Average Annual Cost |
|---|---|---|
| American National | $121 | $1,447 |
| GEICO | $141 | $1,693 |
| Southern Farm Bureau | $158 | $1,900 |
| USAA | $180 | $2,163 |
| State Farm | $223 | $2,680 |
| Auto-Owners | $254 | $3,051 |
| Progressive | $272 | $3,264 |
| Allstate | $312 | $3,743 |
| Farmers | $328 | $3,935 |
Cheapest Car Insurance In Colorado: Age
Below, you’ll find average insurance costs for Colorado drivers ages 16 to 55 as well as the top five most affordable car insurance companies for each age group. Drivers ages 30 to 55 generally receive the most affordable car insurance rates due to their extensive road experience. Additionally, they have a lower likelihood of being involved in car accidents compared to younger drivers, as shown by statistics.
Average Car Insurance Rates By Age
| Age | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| 16 | $244 | $829 |
| 25 | $56 | $241 |
| 35 | $45 | $201 |
| 45 | $44 | $194 |
| 55 | $42 | $181 |
Cheapest Colorado Car Insurance: Young Drivers
As mentioned, teenage drivers and early 20s typically pay the most expensive car insurance rates. That’s mostly because these drivers don’t have as much practice driving and are more likely to break the rules of the road and get into car crashes.
In fact, the fatal crash rate per mile driven for teen drivers was nearly three times the rate for drivers 20 years old and older in 2021, according to the Insurance Institute for Highway Safety.
Cheapest Colorado Car Insurance For 16-Year-Olds: Southern Farm Bureau
If you’re a teen driver or the parent of one, Southern Farm Bureau may be your best bet for finding the most affordable car insurance in Colorado.
The company’s cheapest average rates for 16-year-old drivers are $100 per month or $1,204 per year, which is relatively affordable compared to other states. If you’re looking for full coverage, the average is $314 per month or $3,768 per year from Southern Farm Bureau.
| Cheapest Car Insurance in Colorado | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| Southern Farm Bureau | $100 | $314 |
| GEICO | $122 | $528 |
| American National | $123 | $438 |
| USAA | $158 | $638 |
| Auto-Owners | $197 | $658 |
| State Farm | $208 | $710 |
| Progressive | $288 | $1,529 |
| Allstate | $395 | $790 |
| Farmers | $609 | $1,858 |
Cheapest Colorado Car Insurance For 25-Year-Olds: American National
Car insurance becomes cheaper for young drivers in their 20s when compared to what teenagers have to pay. However, the rates for this age group can still be high depending on the insurance company you select.
American National provides the cheapest car insurance costs on average at $21 per month or $250 per year for minimum coverage. American National costs $127 per month or $1,525 per year for full coverage.
| Cheapest Car Insurance in Colorado | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| American National | $21 | $127 |
| GEICO | $29 | $150 |
| Southern Farm Bureau | $37 | $176 |
| USAA | $37 | $199 |
| Progressive | $57 | $292 |
| State Farm | $58 | $251 |
| Auto-Owners | $62 | $290 |
| Farmers | $99 | $347 |
| Allstate | $100 | $339 |
Cheapest Colorado Car Insurance: Adult Drivers
People who are in their 40s usually have to pay the least amount of money for car insurance. You can compare typical car insurance expenses of drivers in their 30s, 40s, and 50s from the top five cheapest companies for each age group below.
Cheapest Colorado Car Insurance For 35-Year-Olds: American National
Drivers in their mid-30s may insure their cars at the cheapest cost by getting a minimum coverage car insurance policy from American National. The company offers average minimum-coverage costs of $18 per month or $218 per year. For full coverage, American National’s rates average $114 monthly or $1,369 annually.
| Cheapest Car Insurance in Colorado | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| American National | $18 | $114 |
| Southern Farm Bureau | $23 | $141 |
| USAA | $30 | $162 |
| GEICO | $31 | $132 |
| Auto-Owners | $43 | $219 |
| State Farm | $44 | $195 |
| Progressive | $51 | $252 |
| Farmers | $80 | $309 |
| Allstate | $87 | $284 |
Cheapest Colorado Car Insurance For 45-Year-Olds: American National
Forty-five-year-old drivers may find the most affordable minimum coverage from American National, with average rates of $17 per month or $205 per year. The cheapest full coverage comes from American National at $104 per month or $1,245 per year.
| Cheapest Car Insurance in Colorado | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| American National | $17 | $104 |
| Southern Farm Bureau | $19 | $128 |
| USAA | $28 | $153 |
| GEICO | $33 | $141 |
| Auto-Owners | $41 | $214 |
| State Farm | $45 | $191 |
| Progressive | $50 | $243 |
| Farmers | $76 | $299 |
| Allstate | $85 | $276 |
Cheapest Colorado Car Insurance For 55-Year-Olds: American National
People who are in their 50s usually get the most affordable car insurance rates in Colorado if they choose American National. The insurer’s average premiums are $16 monthly or $189 annually for minimum coverage. The cheapest full coverage option is from American National, costing $104 monthly or $1,245 annually
| Cheapest Car Insurance in Colorado | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| American National | $16 | $96 |
| Southern Farm Bureau | $21 | $129 |
| GEICO | $26 | $124 |
| USAA | $29 | $147 |
| Auto-Owners | $38 | $199 |
| State Farm | $43 | $179 |
| Progressive | $50 | $216 |
| Farmers | $70 | $277 |
| Allstate | $82 | $261 |
Cheapest Car Insurance In Colorado: High-Risk Drivers
Besides the kind of coverage you choose and how old you are, your driving safety significantly influences how much you will be charged for car insurance. Auto insurers typically determine if you’re a high-risk driver by looking at how many infractions are on your driving record, including speeding tickets, at-fault accidents, and DUI convictions.
Average Car Insurance Rates For High-Risk Drivers
Drivers who are considered high-risk pay car insurance rates that are higher than the average rates because of the multiple violations on their driving records. On average, Colorado motorists who are deemed high-risk may find the most affordable rates from American National for minimum coverage or American National for full coverage.
| Cheapest Car Insurance in Colorado | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| American National | $28 | $152 |
| Southern Farm Bureau | $41 | $187 |
| GEICO | $51 | $237 |
| USAA | $54 | $287 |
| State Farm | $58 | $244 |
| Progressive | $69 | $379 |
| Auto-Owners | $91 | $360 |
| Farmers | $121 | $432 |
| Allstate | $126 | $399 |
Cheapest Colorado Car Insurance For Drivers With A Speeding Ticket: American National
Drivers with a speeding citation on their record can generally find the most affordable coverage from American National, with average rates of $24 per month or $283 per year for minimum coverage and $135 per month or $1,625 per year for full coverage.
| Cheapest Car Insurance in Colorado | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| American National | $24 | $135 |
| GEICO | $39 | $201 |
| Southern Farm Bureau | $40 | $180 |
| USAA | $42 | $225 |
| State Farm | $56 | $239 |
| Auto-Owners | $60 | $276 |
| Progressive | $67 | $359 |
| Allstate | $104 | $341 |
| Farmers | $114 | $412 |
Cheapest Colorado Car Insurance For Drivers With An At-Fault Accident: American National
Getting into a car accident in Colorado can also make your car insurance costs go up. American National tends to offer the most affordable rates on average at about $29 per month or $354 per year for minimum coverage and $157 per month or $157 per year for full coverage.
| Cheapest Car Insurance in Colorado | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| American National | $29 | $157 |
| Southern Farm Bureau | $38 | $194 |
| USAA | $50 | $253 |
| GEICO | $54 | $257 |
| State Farm | $62 | $255 |
| Progressive | $77 | $424 |
| Auto-Owners | $93 | $367 |
| Farmers | $128 | $447 |
| Allstate | $149 | $458 |
Cheapest Colorado Car Insurance For Drivers With A DUI: American National
If you’re a motorist with a drunk driving conviction, you may find the cheapest minimum car insurance in Colorado from American National for $32 per month or $382 per year on average. They also have rates of $165 monthly or $1,981 annually for full coverage.
| Cheapest Car Insurance in Colorado | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| American National | $32 | $165 |
| Southern Farm Bureau | $45 | $188 |
| State Farm | $56 | $239 |
| GEICO | $59 | $251 |
| Progressive | $65 | $353 |
| USAA | $70 | $381 |
| Auto-Owners | $118 | $435 |
| Farmers | $122 | $436 |
| Allstate | $125 | $400 |
Cheapest Colorado Car Insurance For Drivers With Poor Credit: GEICO
People who have bad credit are charged more for car insurance. Those who don’t have the best credit history may want to check out GEICO, which has an average minimum-coverage rate of $40 per month or $477 per year and an average full-coverage rate of $212 per month or $2,548 per year.
| Cheapest Car Insurance in Colorado | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| GEICO | $40 | $212 |
| Southern Farm Bureau | $58 | $306 |
| USAA | $61 | $369 |
| American National | $65 | $406 |
| Progressive | $76 | $472 |
| Farmers | $129 | $509 |
| Allstate | $135 | $521 |
| Auto-Owners | $151 | $817 |
| State Farm | $204 | $871 |
Average Cost Of Car Insurance In 10 Colorado Cities
The location in Colorado where you reside is also a contributing factor to the cost of your car insurance. Auto insurance companies consider drivers riskier to cover in areas with:
- Larger numbers of people
- There are a higher number of vehicles driving on the streets.
- More car accidents happening more often.
- More instances of breaking traffic rules
- More incidents of car theft and auto vandalism
- Extreme weather conditions
Certain factors that increase the chances of a risk happening have a bigger impact on people who have cars in big cities. That’s why drivers in busy cities have to pay the most on average for the minimum amount of car insurance. On the other hand, drivers in rural areas, where there is less crime and fewer people, are more likely to have lower rates.
| City | Minimum-Coverage Average Monthly Cost | Full-Coverage Average Monthly Cost |
|---|---|---|
| Denver | $68 | $228 |
| Colorado Springs | $61 | $221 |
| Aurora | $66 | $221 |
| Arvada | $59 | $196 |
| Parker | $58 | $204 |
| Greeley | $49 | $181 |
| Loveland | $50 | $170 |
| Fort Collins | $49 | $176 |
| Longmont | $54 | $176 |
| Highlands Ranch | $62 | $197 |
Top 5 Car Insurance Companies In Colorado
Besides the price, we examined more than 40 insurance companies to determine the top five providers for people in Colorado. We looked at their coverage, service, and reliability. Based on our research, we found American National to be the best provider for most drivers in Colorado. Here are the ratings we gave to our top picks.
| Overall Rating | Cost | Coverage | Reliability | Service | |
|---|---|---|---|---|---|
| #1 State Farm | 4.7 | 4.3 | 4.6 | 5.0 | 4.5 |
| #2 GEICO | 4.5 | 4.2 | 4.2 | 4.9 | 4.3 |
| #3 Progressive | 4.5 | 4.0 | 4.8 | 4.8 | 4.1 |
| #4 USAA | 4.5 | 4.7 | 4.8 | 4.5 | 4.3 |
| #5 Allstate | 4.4 | 3.8 | 4.6 | 4.8 | 4.2 |
*The overall and category ratings above are based on nationwide factors.
How To Get The Cheapest Car Insurance In Colorado
In Colorado, you have a few options to reduce your car insurance expenses. These include:
- Opting for minimum coverage: If you choose the minimum coverage required by your state, you will get the least expensive car insurance available.
- Seeking out discounts: Most insurance companies have multiple discounts that can help cut down on premium costs, from military and good student discounts to discounts for drivers that remain accident free for five years.
- Raising your deductible: A higher deductible will lower your premium costs, but you’ll have to pay more out of pocket if you file a claim.
- Bundling your auto insurance: You can often bundle your auto insurance with a homeowners insurance policy or other type of coverage to earn a discount.
- Comparing quotes: Obtaining quotes from different companies can give you an idea of which provider will give you the best offer.
Many insurance companies also offer usage-based insurance programs, which can help you save money. These programs use telematics to monitor your driving habits–from your speed and braking to the time of day you drive. If you drive safely, you may be eligible for a significant discount. However, certain programs may increase your rates if you engage in risky driving behaviors.
Some companies also offer diminishing deductibles and accident forgiveness. A diminishing deductible option decreases your deductible amount each time you renew your policy. Accident forgiveness ensures that your rates won’t increase after your first accident with the company.
What Does Colorado Require For Car Insurance?
Drivers in Colorado must meet minimum insurance requirements as outlined by state law, which include basic liability insurance and uninsured/underinsured motorist (UM/UIM) coverage:
- $50,000 bodily injury liability per accident
- $25,000 bodily injury liability per person
- $15,000 property damage liability per accident
Liability coverage only takes care of other parties’ injuries and property damages in an accident that you cause. UM/UIM covers your injuries and property damages, but only in the case that the at-fault driver has little to no auto insurance.
Getting comprehensive insurance will ensure that your car is covered if stolen, vandalized, or damaged by floods, fire, animals, or other natural disasters. Collision insurance covers your car repairs after an accident.
Our Take: Best Cheap Car Insurance In Colorado
When it comes to both minimum and full coverage, American National is the best and cheapest auto insurance company for most drivers in Colorado. While the above costs can give you an idea of what you’d pay for car insurance in Colorado, getting a personalized quote will help give you a more accurate picture of what you’ll pay.
Many companies offer quick and free tools online that allow you to get a quote. Alternatively, you can directly contact an insurance agent or representative from the company. Once you have gathered quotes from three or more providers, compare them to find the best option for you.
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Best Cheap Car Insurance In Colorado: FAQ
Here are some frequently asked questions about car insurance in Colorado:
How much is car insurance per month in Colorado?
Is Colorado Car Insurance Cheaper?
How We Rate Insurers
Our review process aims to deliver consistent and unbiased assessments of car insurance providers. While there are multiple qualities that make a car insurance company successful, our review team focuses on those we believe are the most important for consumers:
- Cost: Cost can be difficult to compare between insurers because so many factors impact annual premiums. The cheapest insurer for one driver may not be the cheapest for another. To determine our cost score, we look at insurance rate estimates generated by Quadrant Information Services, discount opportunities, and consumer reports.
- Coverage: To determine our coverage score, we look at the number of coverage options available as well as coverage limits and deductible options. Our ratings also take into account additional services and benefits like roadside assistance.
- Reliability: It’s important that an auto insurer is able to meet its claims obligations. Companies with a strong financial strength rating from AM Best score best in this category. Established insurers with a long history of reliable service also receive positive marks.
- Service: We comb through customer reviews on sites like the Better Business Bureau (BBB) to learn about customer experiences. Insurers with a low volume of complaints score well in this area. We also consider the claims process, giving higher ratings to car insurance providers that offer easy-to-use claims apps.
*Data accurate at time of publication.