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Affordable car insurance providers in Colorado include State Farm, USAA, and American Family.
Colorado drivers pay $233 monthly on average for full-coverage car insurance, compared to the national average of $193. What you'll actually pay varies based on several factors, including your age, driving record, and location. Getting quotes from multiple insurance companies remains the best way to know what your rates will be.
Below, we analyze the most affordable car insurance options in Colorado by coverage level, driver profile, and insurer.
Affordable full-coverage car insurance in Colorado
Colorado's average monthly full-coverage insurance cost is $233, while the national average sits at $193. Among Colorado's cheapest car insurance providers, State Farm, USAA, and American Family stand out.
| Average monthly full coverage cost | ||
| Colorado average | $233 | |
| National average | $193 | |
| State Farm | $119 | |
| USAA | $154 | |
| American Family | $165 | |
| Progressive | $178 |
Affordable liability-only car insurance in Colorado
State Farm, Progressive, and Sun Coast are among the most affordable liability car insurance providers in Colorado.
Colorado's average monthly premium for liability-only coverage is $111 per month, compared to the national average of $106.
| Average monthly liability-only cost | |
| Colorado average | $111 |
| National average | $106 |
| State Farm | $87 |
| Progressive | $87 |
| Sun Coast | $91 |
| Root | $91 |
Cheap car insurance in Colorado by age
Age significantly impacts insurance costs. Car insurance for teens typically carries the highest rates, with Colorado policies averaging $413 per month due to their limited driving experience.
Rates begin declining as drivers enter their 20s, with policies averaging $296 per month. The downward trend continues for drivers in their 30s and 40s, with costs around $249 and $237 per month, respectively.
Premiums can increase again for drivers in their 60s and beyond, however. Colorado seniors pay an average of $190 per month in their 60s and $186 in their 70s.
This age-based premium fluctuation reflects varying risk levels associated with each age group, with younger drivers considered higher risk and older drivers sometimes facing increased rates due to factors like health and driving habits.
| Age group | Average monthly full coverage cost | Average monthly liability-only cost |
| Teens | $413 | $196 |
| 20s | $296 | $140 |
| 30s | $249 | $118 |
| 40s | $237 | $112 |
| 50s | $218 | $103 |
| 60s | $190 | $90 |
| 70s | $186 | $88 |
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Cheap car insurance in Colorado for high-risk drivers
Having a moving violation or accident on your record typically increases car insurance premiums. Below are the average costs in Colorado for drivers with an accident, speeding ticket, or DUI on their record, based on rates for car insurance if you have a bad driving record.
| Violation | Average monthly full coverage cost | Average monthly liability-only cost |
| Accident | $276 | $131 |
| Speeding ticket | $280 | $133 |
| DUI | $376 | $178 |
Compare low-cost car insurance after an accident
For drivers with an accident on their record, State Farm, USAA, and American Family provide affordable car insurance in Colorado. Drivers with an accident pay an average monthly full-coverage premium of $276.
| Company | Average monthly full coverage cost | Average monthly liability-only cost |
| State Farm | $144 | $106 |
| USAA | $188 | $137 |
| American Family | $203 | $148 |
Average rate:
Compare low-cost car insurance after a speeding ticket
For drivers with a speeding ticket, State Farm, USAA, and American Family provide affordable car insurance in Colorado. Full coverage costs an average of $280 per month for those with a speeding ticket on their record.
| Company | Average monthly full coverage cost | Average monthly liability-only cost |
| State Farm | $142 | $104 |
| USAA | $186 | $135 |
| American Family | $201 | $146 |
Compare low-cost car insurance after a DUI conviction
Colorado drivers with a DUI can find affordable full coverage car insurance with State Farm, USAA, and American Family. The average rate for full coverage for drivers with a DUI on their record reaches $376.
| Company | Average monthly full coverage cost | Average monthly liability-only cost |
| State Farm | $183 | $134 |
| USAA | $236 | $172 |
| American Family | $253 | $184 |
Cheap car insurance in Colorado by credit score
Colorado drivers with excellent credit pay an average of $217 per month. By contrast, drivers with poor credit face higher premiums, with rates beginning at $292 per month.
This rate difference reflects how credit scores impact insurance pricing, with poor credit typically resulting in higher premiums due to the perceived risk of non-payment.
| Credit score | Average monthly cost of full coverage | Average monthly cost of liability-only |
| Excellent | $217 | $103 |
| Good | $229 | $109 |
| Average | $241 | $114 |
| Poor | $292 | $139 |
FAQs
What is the minimum car insurance required in Colorado?
Colorado mandates a minimum liability coverage of $25,000 per person and $50,000 per accident for bodily injury, along with $15,000 for property damage. These are often referred to as 25/50/15 coverage limits.
Can I use my out-of-state car insurance after moving to Colorado?
No, once you become a Colorado resident, you must obtain car insurance that meets the state's minimum requirements. Out-of-state policies are not valid for vehicles registered in Colorado.
What factors influence car insurance rates in Colorado?
Insurance premiums in Colorado can be affected by various factors, including your driving history, age, credit score, type of vehicle, and location. Urban areas may have higher rates due to increased traffic and accident risks.
Are there special considerations for driving in Colorado's mountainous regions?
Yes, mountainous terrains can present unique challenges such as sudden weather changes and wildlife crossings. It's advisable to consider comprehensive coverage and roadside assistance when frequently driving in these areas.
What should I do if I can't afford car insurance in Colorado?
If you're struggling to afford car insurance, consider shopping around for quotes, exploring discounts, or adjusting your coverage levels. Some insurers offer usage-based programs that could lower your premiums based on driving habits.
Bottom line
While these companies might offer the lowest rates in Colorado, they may not provide the cheapest coverage for your specific car insurance needs. The most effective way to find the right company for you is to obtain quotes from multiple insurance providers and compare them based on price and service.
Data throughout provided by Insurify.
Average rate:
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