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How much does car insurance cost in Colorado?

How a lot is car insurance in Colorado ? That depends on a kind of factors, including :

  • Age
  • Sex
  • Driving history
  • State
  • Location
  • Car make and model
  • Deductible
  • Coverage amount
  • Discounts
  • Marital status
  • Credit score

presently, car policy rates in Colorado average $ 518 per year for minimal coverage and $ 2,016 per class for full coverage. This is slightly higher than the U.S. national average – $ 565 annually for minimal coverage and $ 1,674 annually for wide.

Colorado car insurance rates by company

Each company charges a different measure for a variety of reasons. Below are the peak companies that Colorado drivers have to choose from. As you ’ ll see, sometimes the rates are dramatically different from one ship’s company to the following .

Colorado car insurance rates by city

average car indemnity rates in Colorado vary based on where you live in the state, as does the best car indemnity company for you. Cities with higher populations are statistically more probable to have a higher frequency of claims. Below are the top 20 cities ranked by population with their match average premium costs to the proper. The share increase is how much more ( or less ) these city averages are compared to the modal annual Colorado premium of $ 2,017 for full coverage .

City Average annual premium for full coverage % increase in average annual premium
Denver $2,232 11%
Colorado Springs $2,178 8%
Aurora $2,281 13%
Fort Collins $1,773 -12%
Lakewood $2,130 6%
Pueblo $2,323 15%
Thornton $2,018 0%
Arvada $1,968 -2%
Boulder $1,861 -8%
Westminster $1,941 -4%
Greeley $1,826 -9%
Longmont $1,839 -9%
Centennial $2,067 3%
Highlands Ranch $1,957 -3%
Loveland $1,720 -15%
Grand Junction $1,643 -19%
Broomfield $1,881 -7%
Parker $2,014 0%
Littleton $1,985 -2%
Castle Rock $1,970 -2%

Cost of living in Colorado and car insurance

When shopping for the best car policy rates in Colorado, it ’ south important to factor in your early expenses so that you ’ re looking at your total animation costs. The graph below shows the median annual cost of live in Colorado, including the average cost of car insurance. Use this graph as a guide to help determine your overall expenses so that you can decide what insurance rates fit in your budget .

Colorado car insurance rates by age

Younger drivers are more likely to get into an accident because of their lack of experience behind the bicycle. As they mature and get more experience, the cost they pay goes down. *16-year-old and 17-year-old calculated on parent ’ randomness policy disclosure

Colorado car insurance rates by driving record

Colorado car indemnity rates are greatly affected by driving history. The table below illustrates the percentage increase you can expect after a major offense :

Driving incident Average annual full coverage premium in Colorado % increase in average annual premium
Speeding ticket $2,440 21%
Accident $2,845 41%
DUI $3,286 63%

How to save on car insurance in Colorado

If you utilize the below strategies, you should be able to lower your Colorado cable car insurance rates :

  • Compare providers: Every provider charges a different amount because every provider has its own pricing algorithm. For example, how your credit score impacts your car insurance premium will vary from company to company. It’s because of this that it is always worth your time and effort to shop around for a cheaper provider.
  • Increase your deductible: A high deductible will most likely help to lower the amount you pay each month, but it will also lower the amount you receive in the event of an accident.
  • Drive an older car: An older car costs less to insure because it costs less to replace. To keep you and your family safe, just make sure it has a high safety rating (note: this will also help your insurance costs).
  • Discounts: Most major providers offer a variety of discounts to help lower your premium. The trick is to compare providers and the amount of savings you’ll receive with each.
  • Increase your credit score: Lower credit scores have been linked with a higher frequency of claims. Increase your credit score and your insurance provider should lower your premium.

Colorado insurance requirements

Colorado is a 25/50/15 state of matter. This means that you must be carrying enough indemnity to cover up to :

  • $25,000 per person for bodily injury
  • $50,000 per accident for bodily injury
  • $15,000 per accident for property damage

Though this is a set of money, Colorado drivers may want to consider purchasing more coverage if they can. There are many valid reasons to do this. For starters, should any natural weather event damage your car, you ’ ll be forced to pay for the repairs out of pocket. If you had comprehensive, it would probably not be necessity. Another cause is if you are hit by an uninsured motorist who has zero assets, taking that person to court won ’ thyroxine perplex you anywhere. All of your medical bills and property damage would be left to you to take caution of .

Frequently asked questions

Is Colorado a no-fault state?

No, Colorado is not a no-fault country. It is a tort submit, which means the at-fault driver must pay for any damages caused by his or her tug .

Is uninsured motorist coverage required in Colorado?

No, but each policy provider must at least crack it.

Required or not, Colorado drivers should powerfully consider it because the express has a 13.3 % uninsured motorist pace ( according to the latest sketch by Insurance Information Institute ) .


Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean drive record, dependable credit and the stick to full coverage limits :

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimal coverage limits, Bankrate used minimal coverages that meet each country ’ mho requirements. Our base profile drivers own a 2019 Toyota Camry, permute five days a week and drive 12,000 miles annually .

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