You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life ’ s fiscal travel. Bankrate ’ s editorial team writes on behalf of YOU – the proofreader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow rigorous guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no aim compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. then, whether you ’ re reading an article or a review, you can trust that you ’ re getting credible and dependable information. We respect your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in invest to ensure that happens. Our editors and reporters thoroughly fact-check column content to ensure the information you ’ ra read is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct recompense from our advertisers. Bankrate follows a rigorous editorial policy, so you can trust that we ’ re putting your interests first. Our award-winning editors and reporters create honest and accurate message to help you make the right fiscal decisions. All providers discussed on our web site are vetted based on the respect they provide. And we constantly review our criteria to ensure we ’ re putting accuracy first gear. Our policy team is composed of agents, data analysts, and customers like you. They focus on the points consumers care about most — price, customer serve, policy features and savings opportunities — then you can feel confident about which supplier is right for you. Bankrate follows a nonindulgent column policy, so you can trust that we ’ re putting your interests first base. All of our content is authored by highly qualify professionals and reviewed by subject matter experts, who ensure everything we publish is objective, accurate and desirable of your faith. Founded in 1976, Bankrate has a long racetrack phonograph record of helping people make chic fiscal choices. We ’ ve maintained this repute for over four decades by demystifying the fiscal decision-making process and giving people assurance in which actions to take adjacent. While we adhere to strict editorial integrity, this post may contain references to products from our partners. here ‘s an explanation for how we make money. This contentedness is powered by HomeInsurance.com ( NPN : 8781838 ). For more information, please see our Insurance disclosure. Colorado offers a overplus of outdoor activities, including hike, skiing and camping to take in views of the stunning view. In addition to nonmigratory drivers, Colorado is a popular state for tourists and visitors. With so many vehicles on its roads, drivers who live in Colorado should be specially mindful of what fiscal auspices their car insurance provides. Among the top insurers in the department of state, Geico and State Farm stand out as offering some of the best coverage, based on Bankrate ’ s extensive car insurance policy inquiry. On average, for car indemnity, Colorado drivers pay $ 2,016 per year for wax coverage, based on Bankrate ’ s review of quote annual premiums. many drivers in the Centennial State may begin their research by looking for long-familiar car indemnity companies. To identify the best car insurance companies in Colorado, Bankrate ’ s editorial team analyzed several top providers to narrow down the most competitive options on the basis of premiums, customer satisfaction and fiscal persuasiveness. When shopping for car insurance, Colorado residents may find our research helpful to make more informed decisions .
Best car insurance companies in Colorado
To find the best indemnity companies in Colorado, Bankrate ’ s editorial team reviewed several facets of each aircraft carrier, including 2021 average quoted premiums provided by Quadrant Information Services, coverage offerings, available discounts and third-party rankings from sources such as J.D. Power claims gratification and fiscal strength ratings from AM Best, Standard and Poor ’ second and Moody ’ sulfur. After analyzing how each company stacks up along these scales, we calculated a Bankrate Score on a 5.0 decimal point scale, indicating a supplier ’ s overall competitiveness relative to other lead insurers. If you are looking for the best car policy in Colorado, you may want to consider a quote from the following five major car insurance companies, which include Geico, State Farm, Progressive, American Family and Allstate :
|Car insurance company||Bankrate Score||Average annual full coverage premium||J.D. Power customer satisfaction score (Southwest region)|
Geico is known for offering broken premiums, and the company ’ second average rates in Colorado are no exception. however, it may be worth noting that Geico offers fewer coverage options compared to early major carriers, meaning its policies may be better suited for Colorado drivers seeking basic coverage. Geico offers a generous list of discounts to help you save extra money on your policy, which could make up for its limited add-ons, if budget is your primary coil concern. While the company scored slightly lower than the Southwest industry average in the 2021 J.D. Power Customer Satisfaction Study, it did earn a high Bankrate Score of 4.7 out of 5. Learn more: Geico Insurance reappraisal
State farm remains the largest car insurance company in the U.S. with 16.2 % market share. The company has hundreds of exclusive local agents throughout communities across Colorado, so if you prefer to handle your indemnity needs in-person, State Farm may be a good choice. State Farm has on-line and mobile app capabilities for digital policy management, but it scores just below industry average in the 2021 J.D. Power Digital Experience Study for service. however, State Farm offers a broad line of insurance products, including car, home plate and life insurance, making it a good option for one-stop policy shopping. The caller besides offers bank services as an extra fringe benefit. Learn more: State Farm Insurance revue
progressive ’ south average full moon coverage premium is the highest on our list, but the car indemnity company offers respective perks that could make its high average premium worthwhile. If you want to have all your policy products with one carrier, Progressive may be a dear choice to consider. The company offers an categorization of intersection lines in addition to car policy, including home plate indemnity, business indemnity and even segway policy. however, Progressive did receive below-industry-average scores from J.D. world power for both customer gratification and claims serve. This indicates previous customers may have felt the serve they received from Progressive was lacking. Learn more: Progressive Insurance review
American Family is known for its high-quality customer serve, earning the highest overall customer satisfaction rate in the 2021 J.D. Power Southwest Region Study. For claims satisfaction, American Family ranked above the diligence average in the 2021 J.D. Power Auto Claims Satisfaction Study. In accession to plus customer have scores, American Family ’ second car insurance policies can be incredibly personalized, with options like ridesharing coverage, classic car insurance and roadside aid available to help you tailor your coverage to your needs. The company besides offers several discounts that could lower your agio. While it offers plenty of benefits, American Family ’ mho Bankrate Score is not amongst the highest of the “ best car insurance ” companies on our Colorado list. however, the company is financially hard and carries an A ( Excellent ) rat from AM Best. Learn more: american Family Insurance reappraisal
Read more: The Best Car Insurance Companies for 2022
Allstate offers several options to personalize your car insurance policy for greater fiscal protection, including accident forgiveness, sound system equipment coverage and ridesharing coverage. The company ’ randomness premiums are the second-highest on our list on modal, and it received the lowest Bankrate Score amongst the five companies we rated as “ best ” in Colorado. however, the party offers respective discounts that may help you save on your policy, specially if you choose to have your home indemnity through Allstate, equally well. Learn more: Allstate Insurance review
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Average car insurance cost in Colorado
For car insurance, Colorado drivers pay an average annual premium of $ 518 for minimum coverage and $ 2,016 per class for full coverage. Compared to the countrywide average annual premium of $ 1,674 for full coverage, Colorado ’ south average rates are 20 % higher. however, minimum coverage in Colorado is about 8 % less than the national average of $ 565 per year. Although there may be many factors contributing to Colorado ’ s higher average for full coverage rates, one may be the general increasing drift of fateful accidents in the Centennial State. Since 2011, the count of fateful collisions in Colorado has increased steadily, up to 633 incidents in 2021 from about 400 in 2011. car insurance rates are determined using more than a twelve risk-assessment factors. In Colorado, these factors include the carrier you choose, make and mannequin of your vehicle, coverage types and deductibles, geographic localization including your specific ZIP code, age, occupation, marital status, insurance-based credit score and your driving history. Since so many personal factors affect your cable car indemnity rates, your bounty will probable be different than the modal Colorado cable car policy rates .
How to find the best car insurance in Colorado
Each driver may require specific coverage types that may influence their decision on which cable car insurance company is best for their needs. When you ’ re deciding which provider will work good, you may want to take into report the follow considerations .
Consider minimum insurance requirements in Colorado
closely every express requires drivers to hold at least a minimal amount of liability insurance coverage. Colorado car policy laws mandate that each driver hold a certain amount of bodily injury and place price coverage types. mandate limits are listed on the Colorado General Assembly web site .
Consider lender requirements
Although you can drive legally with precisely the minimal amounts of coverage, most insurance experts recommend purchasing higher levels of coverage as a fiscal safe-conduct against a costly passing. If you cause an accident, your policy will only pay up to your policy limits. If you have state minimum coverage and the damages you cause are greater than your indemnity limits, you will be responsible for the overage out-of-pocket. These costs can quickly add up to thousands of dollars and could be financially devastating to you and your family. You may besides want to consider broad coverage policy, which generally includes optional comprehensive examination and collision coverage. These coverage types provide fiscal security for damage to your own fomite, angstrom well as larceny, vandalism and weather-related losses. If you have a lend or lease on your car, your lender will likely require you to carry full coverage. You could besides purchase col indemnity to help cover the difference between what your new cable car is worth and what you still owe on it after a claim payout, in the event it is totaled .
Consider driver risk impacts
car indemnity rates are personalized to each driver, depending on risk factors such as where you live, the car you drive and your centrifugal vehicle history. Everyone brings a unique specify of circumstances to their search for car policy. possibly you have a car loan, which means you will likely need full coverage policy. If you have a adolescent driver, you may benefit from student discounts that help combat the higher premiums insurers typically charge for young adults. Whatever your specific situation, you may want to look for companies that are suited to your needs .
Car insurance discounts in Colorado
Carriers typically offer multiple car insurance discounts to Coloradans, but note that claim discounts and handiness will vary from company to company. common discounts that many car insurers offer include :
- Young driver discounts: If you have a young driver to insure, they may qualify for several different discounts. This includes good student discounts (maintain an “B” average in high school or college), student away at school discounts and driver education discounts.
- Safe driver discounts: Proving that you’re a safe driver may save you money on your car insurance. If you exhibit safe practices through a usage-based telematics program, which monitors your driving habits, or if your vehicle has safety features like anti-lock brakes or side curtain airbags, you may qualify for a discount.
- Other discounts: If you bundle more than one insurance policy type with the same company, such as home and auto insurance, you may qualify for a discount on both policies. If you have more than one car, you may be able to earn a multi-vehicle discount by insuring both cars with the same company.
Every ship’s company offers different types and levels of discounts and has varied eligibility requirements, so the best way to make sure you are utilizing all the discounts that you qualify for is to talk to a licensed insurance professional such as your policy agent or your insurance company ’ sulfur customer service congressman .
Frequently asked questions
What is the cheapest car insurance company in Colorado?
While we have highlighted some of the best cable car insurance providers in the Centennial State, we found the cheapest car insurance providers in Colorado based on our study of quote average annual premiums. Our extensive research showed american National, Geico, Grange, USAA and State Farm to be the cheapest options in the state. While these companies offer the cheapest premiums in Colorado, on median, the cheapest company for you may be unlike based on your unique characteristics. Car policy companies use different algorithm to determine rates as partially of their underwrite process. Some companies may place more weight on your driving history, while others might care more about your claims history. In addition, one company might offer a greater count of discounts that apply to you. For these reasons, you may want to request quotes from respective different car policy providers to find the cheapest option for you. Working with a license policy agent may be helpful in this process .
What do I need to get car insurance in Colorado?
Although every caller is different, you will need to provide some basic information to get an car insurance quote. Auto insurers will typically ask for the identify, date of give birth and driver ’ s license number for all the drivers in your family. You will besides need the vehicle recognition count ( VIN ) for all your vehicles. If you have an active car insurance policy, it might be helpful to have your declarations page handy while you are requesting quotes, as most of the necessary information that insurers will need to generate a quote is summarized on this page ( typically found at the front of your insurance policy ) .
How quickly can I get car insurance in Colorado?
If you have all of your documentation together and no major minus marks on your drive record, you may be able to get car coverage the same sidereal day you request a quotation. however, allowing yourself clock to shop your coverage with several companies is best for finding the correct match. The Triple-I recommends getting a minimum of three quotes from a mix of national and regional insurers to compare coverage options and costs .
What is the difference between minimum coverage and full coverage?
minimum coverage refers to the least come of coverage required by each state. Full coverage typically means that you besides have coverage for damage to your own fomite in the shape of comprehensive coverage and collision coverage. however, policy coverage exists on a spectrum. technically, you can have state minimum liability limits and calm purchase comprehensive examination and collision coverage, mean you would have full coverage. You can besides purchase higher liability limits and no vehicle coverage, meaning that you have liability-only coverage that is higher than the country minimum. If you are not sure how much coverage you need, talking to an policy professional might be helpful. It is important to note that most Insurance professionals recommend you purchase enough coverage to provide adequate fiscal protection for you and your family .
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, dear credit and the comply 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 minimum coverage limits, Bankrate used minimum coverage that meets each state ’ mho requirements. Our base profile drivers own a 2019 Toyota Camry, commute five days a workweek and drive 12,000 miles per annum. These are sample rates and should alone be used for comparative purposes.
Bankrate Scores chiefly reflect a slant social station of industry-standard ratings for fiscal potency and customer have in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. We know it is significant for drivers to be confident their fiscal security covers the likeliest risks, is priced competitively and is provided by a financially-sound company with a history of positive customer support. To determine how well the best car insurance companies satisfy these priorities, third-party agency ratings from J.D. Power, AM Best, S & P, NAIC, and Moodys had the most impact on the companies ’ Bankrate Scores. As price is a common consideration for drivers, we analyzed quoted premiums based on 40-year-old male and female drivers with a 2019 Toyota Camry. This profile, assessed across more than 35,000 ZIP codes in the U.S., provided a basis on which drivers may compare each provider. While coverage options, insurance company handiness, affordability and customer experience are frequently the top priorities, Bankrate besides analyzed each insurance company ’ randomness on-line and mobile resources for policy management and claims handling. indemnity is quickly evolving to keep pace with our digital global, so these aspects besides carried weight in determining Bankrate Scores .