cheap car insurance
colorado 2022
The Cheapest Car Insurance in Colorado
Cheapest Minimum Liability Car Insurance in Colorado
car insurance rates in Colorado are calculated based on assorted personalize factors. The cheapest car indemnity policy in Colorado is a liability coverage policy meeting the country ’ sulfur minimum insurance requirements. On average, the companies with the lowest rates for minimum liability coverage in Colorado are :
- GEICO: $373 per year
- State Farm: $558 per year
The cheapest car insurance for military members and their families in Colorado is USAA, at an average of $ 295 per year. The most expensive company is Progressive, which charges an average of $ 1,369 per year for alike coverage .
Cheapest Minimum Car Insurance in Colorado
These prices are lone estimates based on rates for an median Colorado driver and should not be used to compare insurance prices .
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Cheapest Full Coverage Car Insurance in Colorado
While full moon coverage car insurance costs more than the minimum liability coverage, the policy provides far more protection, including coverage for your own medical and car repair costs. Comparing car indemnity quotes from several companies can help you locate the best rates in the state of matter. The cheapest companies for full coverage policy in Colorado are, on average :
- GEICO: $872 per year
- Travelers: $1,039 per year
USAA is the cheapest full coverage car insurance in Colorado at an average cost of $ 695 per year. however, it is alone available for military members, veterans and their families. The company with the highest rates for full coverage is MetLife, with an average annual cost of $ 2,084 .
Cheapest Full Coverage Car Insurance in Colorado
The prices highlighted above are for an median driver in Colorado for a policy with comprehensive examination and collision policy with $ 100,000 for bodily injury liability per person, $ 300,000 for bodily injury indebtedness per accident and $ 100,000 for property damage per accident.
How to Compare Cheap Colorado Car Insurance Quotes Online
The majority of car insurance companies in Colorado allow you to request a quote through their websites .
- While requesting car insurance quotes in Colorado, specify the same coverage limits for all providers. For example, if you request a quote for $50,000 in bodily liability insurance per accident from one company, be sure to specify the same figure for all other providers.
- To quickly compare companies in Colorado, MoneyGeek’s car insurance calculator can help you compare quote estimates for average Colorado drivers. If you are looking for personalized quotes, you’ll have to enter more information.
- USAA, GEICO and State Farm are the top three cheap car insurance providers for a minimum liability policy.
Auto Insurance Calculator
country colorado historic period 30-65 drive record cleanse credit score excellent Vehicle Type compendious Vehicle year 2020 Liability Coverage state Min Comprehensive and Collision Insurance none sex female
Average Annual Auto Insurance Rates
Click the section of the wheel in your price range to see options. broken end on average high gear end Click your preferable price range to see ship’s company options. Click an insurance company below to visit their review page or continue to your individualized quotation. ship’s company average annual Rates 1 .USAA $ 303 2 .GEICO $ 407 3 .State Farm $ 560 4 .Travelers $ 647 5 .Nationwide $ 658
Cheapest Car Insurance for Drivers With a DUI in Colorado
Drivers with a DUI are considered bad in Colorado. therefore, they pay more for car policy than drivers with a clean criminal record. On median, car indemnity costs for drivers with a DUI are $ 2,187 per year, while drivers with a clean record pay $ 1,450 for similar coverage. The cheapest companies on average for full coverage car insurance for drivers with a DUI in Colorado are :
- State Farm: $1,251 per year
- Allstate: $1,534 per year
USAA is the most low-cost coverage for military members and their families at an average of $ 1,348 per class. Conversely, MetLife is the most expensive cable car insurance for drivers with DUIs at $ 4,516 per year on median .
Average Car Insurance Rates With a DUI
Driving while under the influence is not only dangerous for you and others, but it can besides be costly. According to the Centers for Disease Control and Prevention ( CDC ), 1,548 people were killed in traffic crashes in Colorado due to drunk driving between 2008 and 2019. During the 30 days prior to being surveyed, 1.8 % of adults in Colorado reported driving after having excessively much to drink. If you get a DUI, you ‘ll likely pay goodly fines and motor hotel fees and may have to attend alcohol education or treatment programs. additionally, your car indemnity premium is likely to spike. If you have a DUI on your record in Colorado, you may need to shop around for cable car insurance to find a lower rate. The costs of a DUI can cursorily compound. During a 13-years period, you could end up paying an extra $ 40,000 in policy costs after a DUI. Maintaining a clean and jerk driving commemorate after a DUI, paying your car insurance premiums on meter, and comparing quotes regularly can help keep your costs down over time.
Cheapest Car Insurance in Colorado for Drivers With an At-Fault Accident
car indemnity bounty prices increase after an at-fault accident. In Colorado, drivers with an at-fault accident pay an average of $ 1,981 per year. In Colorado, the cheapest car insurance policy providers for drivers with at-fault accidents are :
- State Farm: $1,344 per year
- Travelers: $1,370 per year
USAA is the cheapest choice for drivers with at-fault accidents in Colorado. however, only military families are eligible for USAA policies .
Cheapest Car Insurance With an At-Fault Accident
Having a slate on your record for speeding or distracted drive can increase your car indemnity premium. According to the National Highway Traffic Safety Administration ( NHTSA ), 588 Colorado car accidents were caused by perturb drive in 2018. Driving while distracted can cause accidents, so some insurers see tickets as a hazard. Colorado country laws prohibit all hand-held device use for drivers younger than 18 and prohibit text message for all drivers, according to the Governors Highway Safety Association. Avoiding distracted driving can help keep you safe and help you maintain lower indemnity costs. If you get a rush or distracted driving ticket, your insurance rates may go up. Your insurance company can besides re-evaluate your rate if you get a moving misdemeanor, but you can besides look for early policy options. Shopping around after you get a slate may help you find lower rates than your current provider offers. colorado
Cheapest Car Insurance Companies in Colorado for Drivers With Bad Credit
car policy companies in Colorado consider citation score as a component when calculating their annual rates. Drivers with badly scores are required to pay higher premiums than those with strong credit. Colorado drivers with poor people citation scores pay an average of $ 2,421 per year, closely $ 1,000 more than a driver with full credit. insurance companies that provide the best full coverage rates for drivers with regretful credit scores in the state are :
- GEICO: $1,280 per year
- Travelers: $1,582 per year
similarly priced as GEICO, USAA offers military members and their families an low-cost option at $ 1,230 per year on average. meanwhile, MetLife has the highest average rate for drivers with bad credit rating in Colorado, at $ 4,146 per year .
Average Car Insurance Rates for Drivers With Bad Credit
In Colorado, many policy companies use credit scores as one of many factors to inform car insurance rates. In Colorado, the average credit score of 718 is above the national median of 703, according to Experian. If you have poor credit, you may have to compare rates from multiple insurers to find the best rates in Colorado. While it can take meter to improve your accredit mark, doing so could help lower your car indemnity premiums and improve other areas of your fiscal liveliness in the long run.
Cheapest Car Insurance in Colorado for Seniors
If you are a nonmigratory of Colorado and a elder driver, your cable car insurance rates may be higher than young adults and middle-aged drivers. The average monetary value of car insurance for senior drivers in the country is $ 1,575 per class, roughly $ 125 more than a 40-year-old driver with similar coverage would pay. The cheapest providers in Colorado for senior drivers with full coverage are :
- State Farm: $1,127 per year
- Allstate: $1,127 per year
USAA is the cheapest car policy for senior drivers in Colorado at an average of $ 788 per year. This option is only available for military members, veterans and their families. Farmers is the highest average rates for Colorado seniors, with a typical annual bounty of $ 2,205 .
Average Car Insurance Rates for Seniors
many seniors find that their cable car policy rates increase as they senesce. While some policy companies may raise rates for older drivers, there are discounts and options available for older drivers. If you drive infrequently, have taken a driver safety class, or have a vehicle with enhanced condom features, you may qualify for extra discounts. Colorado state law requires drivers 61 and older to renew driver ‘s licenses every five years and requires vision tests for drivers ages 66 and older. The state of matter accepts written reports about potentially dangerous drivers from law enforcement, courts, physicians and finale relatives. The country mandates that Colorado car indemnity policies be discounted for residents of 55 and older ; policy rebate ranges from 10 % to 15 %, provided the drivers take a DMV-approved drive course.
Cheapest Car Insurance in Colorado for Young Drivers
Age is besides an crucial factor affecting the cost of car policy in Colorado. policy providers consider young drivers as riskier to insure. Therefore, new drivers tend to have higher agio rates. On average, the annual premium for 16-year-old drivers in Colorado is $ 3,764. A 25-year-old, on the other pass, pays an modal of $ 1,485 per year. Based on median rates, Allstate is the cheapest party for young drivers between ages 16-20. interim, GEICO is most normally the cheap for those who are 21-25 years old .
Annual Car Insurance In Colorado for Young Drivers
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- age average cost Cheapest party company price
- 16
$3,764
Allstate
$2,435
- 17
$3,494
Allstate
$2,091
- 18
$3,207
Allstate
$2,008
- 19
$2,901
Allstate
$1,972
- 20
$2,545
Allstate
$1,728
- 21
$2,028
GEICO
$1,295
- 22
$1,879
GEICO
$1,167
- 23
$1,717
GEICO
$1,017
- 24
$1,626
GEICO
$973
- 25
$1,485
GEICO
$911
In Colorado, doss rates for young drivers aged 16- to 19-years old have been ampere a lot as four times higher than those of older drivers, according to the Colorado Department of Transportation ( CDOT ). It ‘s normally your best bet to add unseasoned drivers to an existing car policy and check into whether your policy caller offers good scholar discounts. Always notify the indemnity company if your car will be used in another state for more than 30 days.
Insurance Rate Information for Military Drivers and Veterans
With more than 34,000 active-duty military personnel living in the state, Colorado has more than 10 times those on active duty in neighboring Wyoming. military men and women and veterans in Colorado can take advantage of discounts available to them on car insurance, either from specialization carriers or major policy companies. Call around or inquiry on-line for the best deals. military personnel from other states must still insure their vehicles while operate on in Colorado, although the department of state grants exemptions for possession tax. To get the exemption, complete a Nonresidents and Military Service Exemption from Specific Ownership Tax Affidavit ( Form DR 2667 ) and deliver it to the local title and registration office .
Average Rates for Colorado service members
25 years
$1,303
50 years
$1,020
25 years
$1,244
50 years
$1,041
Car Insurance in Colorado: What You Need to Know
Colorado requires all drivers to insure their cars before registering or driving them .
Proof of Insurance in Colorado
You must prove that you carry at least the minimal needed Colorado car policy in the human body of an indemnity poster or a picture on a cell telephone. Colorado will besides accept as validation :
- A copy of your car insurance policy
- A letter from your insurance company, if it shows the company letterhead
- A computer printout from an insurer
- A faxed of proof of insurance
- Email from your car insurer
You ‘ll need to show proof of car indemnity in Colorado :
- When you register your vehicle (or renew the registration)
- If a law enforcement officer asks for it
- If you are in a crash
Minimum Liability Insurance Requirements in Colorado
car owners in Colorado are required to carry liability insurance. This policy covers bodily wound to another person and damage to another ‘s fomite or property when the insured is at demerit for an accident. The adopt minimal coverages are required by the state, although you may purchase higher coverages :
- $25,000 for bodily injury or death to one person in an accident
- $50,000 for bodily injury or death to all persons in any one accident
- $15,000 for property damage in any one accident
While those are the minimal requirements, many consumer advocates recommend that policyholders looking to protect their assets get at least $ 100,000/ $ 300,000 in indebtedness coverage per person and per accident, respectively. If you owe money on your car, you should besides consider comprehensive and collision coverage to protect your own vehicle .
High-Risk Auto Insurance Program in Colorado
Colorado has a bad car policy platform — the Colorado Motor Vehicle Insurance Plan ( CO AIP ) — created to provide automobile policy to eligible drivers who could not get coverage otherwise. Check with your policy company to see if you qualify for CO AIP .
Alternatives to Insurance in Colorado
Although there is an alternative to car insurance in Colorado, the state does not make it bum. Drivers must pay $ 35,000 in cash or hold a guarantor bind in the same sum .
How Much Coverage Do You Need in Colorado?
Colorado ‘s minimum indebtedness coverage of 25/50 is well below experts ‘ recommendations of 100/300. If you factor in the cost of operating room or an extend hospital stay, you ‘ll see why : $ 50,000 is much not enough to cover costs, and at-fault drivers are creditworthy for coming up with anything beyond that measure. Given the high issue of drivers cruising the state without an indemnity policy, you may besides want to consider uninsured/underinsured motorist coverage, which policy companies in the state must offer. last, collision and comprehensive coverage — both of which must be offered to consumers by law — can prove valuable. such coverage ensures that your own vehicle gets repaired should you be at mistake or if your car is damaged in a rash or other natural disaster. however, you may want to skip such policies for older vehicles that are not worth very a lot.
Cheapest Car Insurance in Colorado by City
car policy costs may besides vary greatly within a state, depending on the city where you live. For case, drivers from Fort Collins pay the cheapest cable car indemnity in Colorado. The average rate in the city is $ 1,112 per class. The average cost of policy in the most expensive city, Pueblo, is $ 1,518 per year. These rates are based on a car insurance policy with wax coverage. Click your city to learn more about car insurance in your area .
Average Insurance Rate by City in Colorado
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- City annually monthly
- 1 .Aurora $ 1,512 $ 126
- 2 .Colorado Springs $ 1,407 $ 117
- 3 .Denver $ 1,447 $ 121
- 4 .Fort Collins $ 1,112 $ 93
- 5 .Greeley $ 1,156 $ 96
- 6 .Lakewood $ 1,459 $ 122
- 7 .Pueblo $ 1,518 $ 127
FAQs About Car Insurance in Colorado
car policy questions in Colorado revolve around coverage limits and costs. Some of the most common FAQs include :
The company with the cheap car insurance in Colorado is USAA, although it merely serves stream and retire military members and their families. The most low-cost provider for most residents is GEICO, with a cost of $ 373 for the country ’ s minimum liability policy .
You can lower your rates by maintaining a clean drive history and comparing quotes from versatile providers before purchasing your cable car policy .
The average price of car policy in Colorado is $ 1,450 per year .
You will pay an average of $ 121 per month for car policy in this country.
Expert Advice on Finding Cheap Car Insurance in Colorado
- What are the key factors drivers in Colorado should look for when searching for the best car policy coverage ?
- What steps can drivers in Colorado take to find low-cost cable car insurance ?
Maclyn L. Clouse, PhD Sorenson Distinguished Professor of Finance at the University of Denver
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guarantee you ‘re getting the best rate for your car policy. Compare quotes from the crown policy companies. widget-location-pin About the author
Laura Longero is an award-winning writer, content strategist, and communications leader with 15 years of experience in journalism, public relations and marketing for start-ups to ball-shaped companies. A talented storyteller, she leads creative teams to produce target, high-quality message. Highly organized and detail-oriented with a diagonal for action, she has a solid sense of urgency in driving projects to completion and enjoys creating order from chaos. Laura possesses exceptional experience in construction and leading teams – with a lament eye for strong talent, specially in cultivating future leaders .