Best Car Insurance in Colorado
Drivers in Colorado have a lot to look forward to when it comes to buying car insurance.
Not only are the rates on par with the national average, but a healthy amount of competition between providers means there are many additional ways to save.
In this article, we will look at the best car insurance in Colorado, as well as ways you can save to help you get the cheapest car insurance in Colorado.
Colorado Auto Insurance Requirements
All drivers in Colorado must carry liability insurance. This includes bodily injury liability and property damage liability.
The minimum limits for these coverages are also set by the state at 25/50/15.
This means that the minimum limits are as follows:
- Bodily injury liability per person: $25,000
- Bodily injury liability per accident: $50,000
- Property damage liability per accident: $15,000
Top 10 Picks For Cheap Car Insurance in Colorado
Here are the 10 best providers of cheap car insurance in Colorado:
Geico is one of the most popular car insurance providers nationwide and, in most cases, the cheapest one. This is also true in Colorado.
They have a long list of coverages and an even longer list of discounts. They are also known for their top quality mobile app that allows you to manage your account anywhere.
Geico also offers optional accident forgiveness, which is something that not all companies do.
Geico might not be the best choice for those looking for excellent customer service, but if you’re looking for low rates, it might be the perfect choice for you.
- One of the cheapest options in Colorado
- Optional accident forgiveness
- Many discounts available
Besides adjusting limits and deductibles, you can also add extras such as accident forgiveness, new car replacement, and deductible savings bank.
Get a quote online to easily see what discounts you qualify for.
These might include teen driver, multi-policy, family plan, pay in full, and many other discounts.
- Affordable, low rates
- Many extras to customize your policy
- Accident forgiveness
American Family is another auto insurance provider available in Colorado. They have good rates for young drivers as well as married couples and seniors.
They offer all basic coverages as well as gap coverage and roadside assistance.
The list of discounts is impressive and includes discounts for good driving, loyalty, teen safe driving, good student, and many others.
You can get a quote online, over the phone, or chat to see what discounts you qualify for.
American Family also works with agents who can assist with any questions you might have.
- Gap coverage
- Many discounts for youth, married couples, and senior drivers
- Local agents
It is one of the largest car insurance companies in the country and has a solid reputation.
State Farm has many ways to save, including a long list of discounts and programs for good drivers, both young and experienced.
Their mobile app allows you to do all operations from your phone, from getting a quote to filing a claim to contacting roadside assistance.
- Excellent customer service
- Saving programs for young and experienced drivers
- Highly rated mobile app for managing your insurance on-the-go
Esurance auto insurance is a great choice for those who prefer not to deal with insurance agents and get everything done quickly online.
Just by getting your quote online, you will receive a 5% discount. Other discounts available include multi-policy, paid in full, car safety features, and other discounts.
Esurance also has a savings program for good drivers – DriveSense. Esurance coverages include all standard ones as well as optional gap and rental car coverage.
- Good rates
- Online quotes
- DriveSense good drivers program
Allstate is known for its many coverages on offer as well as great customer satisfaction.
With Allstate, you can also insure your sound system, get rental reimbursement while your car is in the shop, as well as insure your classic or vintage car.
While their rates are not on the lowest end, they do offer many ways to save on your premiums. Their discounts include good student, good driver, new car discounts, and many others.
You can easily get a quote online or through a local agent to find out what the premium rate is for you.
- Many ways to save
- Good customer satisfaction
- Many extra coverages
Liberty Mutual offers high-quality auto insurance. They offer all basic car insurance coverages and some extra add ons, including rental car, accident forgiveness, and roadside assistance.
Their online quoting system makes it easy to see what rates they can offer to you and what discounts you qualify for.
The discounts include online purchase, multi-policy, accident-free, and many others.
- High quality car insurance
- Accident forgiveness
- Online quotes
The Hartford might be the best option for AARP members as well as drivers who are over 50 years old.
They offer affordable car insurance with many discounts available, including good student, multi-policy, hybrid or electric vehicle, and many more.
Besides all of the basic coverages, they also offer extra add ons, including roadside assistance, disappearing deductible, accident forgiveness, and in-home care.
The Hartford also has classic car insurance and 12-month rate protection.
- Great rates for AARP members and senior drivers
- Disappearing deductible and accident forgiveness
- 12-month rate protection
Farmers Insurance is known for insuring farming vehicles, but they also offer auto insurance.
Their optional coverages include customized equipment coverage, accident forgiveness, and loss of use coverage that will help you to get home if your car breaks down.
Their discount list is pretty standard with good student, good driver, and bundle discounts on offer.
You can also save up to 15% by downloading Signal – a program that tracks your driving habits.
- Accident forgiveness
- Up to 15% discount with Signal
- Customized equipment coverage
USAA offers car insurance for all former and active military members as well as their families. If you can qualify to get your car insurance from USAA, it is most likely going to be the cheapest option for you.
Besides the low rates, they are also known for brilliant overall customer satisfaction.
USAA offers all of the basic coverages and extras such as accident forgiveness, rental reimbursement, and others.
Despite the low rates, USAA has discounts for good drivers, multi policyholders, and loyal customers, among others.
- Low rates for military members
- Excellent overall customer satisfaction
- Discounts for loyal customers
How To Save On Car Insurance in Colorado
While car insurance in Colorado is not on the expensive side, there are always ways to bring the premiums down even more.
There are factors that you cannot change like your age and gender, but there is a lot you can do with everything else.
While you cannot erase your driving record if you already had accidents, the future is up to you.
Most companies will give you a discount for every year without an accident. The same goes for your credit score. By maintaining a good score, you can expect your premiums to stay lower.
You can also adjust your deductibles and limits to get your premium down. Do be careful here, so you don’t have to empty the bank if an accident happens.
Another tip is for those buying a new car. You can check how much auto insurance would cost for different models before purchasing.
There are more ways to save on car insurance in Colorado and to summarize all of it, here are a few points for you to keep in mind:
- Drive safely and drive less where possible
- Maintain a good credit score
- Adjust deductibles and limits
- Choose coverages you really need
- Check insurance costs when buying a new car
- Get quotes from a few companies to compare rates
- Make sure to check discounts available
Car Insurance in Colorado FAQs
Who has the cheapest car insurance in Colorado?
The cheapest car insurance is very individual and will differ from driver to driver.
What you pay will depend on the driver (age, gender, credit score, driving record), the vehicle, the location, and other factors.
We looked at a few different scenarios, and the lowest average rates offered.
- Overall Cheapest: In most cases, Geico and Esurance offer the best rates for car insurance in the state of Colorado.
- Young Drivers: The cheapest car insurance for young drivers in Colorado is Geico, with an average yearly premium of $1,059 for full coverage and $356 for minimum coverage. These rates are calculated for a 25-year-old good driver.
- Minimum Coverage: The best average rate for the minimum coverage in Colorado is $359 from Geico for a 40-year-old good driver.
- Young drivers with poor credit: Here, Geico is the cheapest option, with an average cost of $484 per year for minimum coverage. This average is for a 25-year-old driver with poor credit and a good driving record.
How much does car insurance cost in Colorado?
The average car insurance cost in Colorado is a bit higher than the national average, with the yearly average premium working out at $1,761.
This is an average, and it doesn’t mean that this is how much you will pay for your car insurance. The cost depends on the coverages as well as the limits and deductibles you choose.
If you only choose to have the minimum coverage required, you might pay less than that. If you choose full coverage and some extra add ons, the premiums might go a little higher than the average.
Is car insurance more expensive in Colorado?
On average, car insurance is not too expensive in Colorado; it is just a bit higher than that of the national average.
Of course, this is only average, but it gives a good idea about the prices you can expect to pay. The state is a competitive space for car insurance, and this tends to bring the cost a bit down.
Of course, there are bigger cities within the state where the average cost goes up due to the higher likelihood of accidents.
Which Cheapest Car Insurance in Colorado is For You?
It is hard to pick one car insurance provider in Colorado that would be the most affordable one for everyone.
The rates depend on many factors, and different situations call for different requirements.
To find the most affordable insurance provider, you should get quotes from a few companies for the same or similar policies and see which one is offering the lowest rates.
It might be USAA if you’re a military member or Geico if you have poor credit. State Farm is known to be the cheapest for students and drivers who have had an accident.