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Many drivers ask how they can get cheap car insurance quotes in Colorado while still getting enough coverage. Though Colorado car insurance premiums are marginally higher than the national average, drivers in the state still have various affordable choices.

Colorado's population has risen dramatically in recent years. In the Centennial State, over 4244000 people have a driver's license. As a result, more than four million citizens in Colorado need car insurance.

You may be wondering what Colorado auto insurance laws are and where you can find the cheapest car insurance in Colorado if you're a newly licensed driver or if you've recently moved to Colorado.

Minimum Required Auto Insurance Coverage in Colorado

All states require you to buy such insurance coverage before you can register your car. According to the Colorado Insurance Department, all car owners must have at least the following:

Coverage Type Minimum Coverage Limit
Bodily Injury Liability Coverage (per person) $25,000 ($50,000 for injuries resulting in death)
Bodily Injury Liability Coverage (per accident) $50,000 ($100,000 for injuries resulting in death)
Property Damage Liability $15,000
Uninsured Motorist $25,000 bodily injury per person$50,000 bodily injury per accident
Personal Injury Protection $50,000

Do I Need More Than the Minimum Required State Coverage in Colorado?

It is always a good idea to purchase auto insurance that provides more coverage than the bare minimum to protect yourself financially. Although the premiums may be higher, you will save a lot of time, energy, and money in the long term.

Cheapest Car Insurance in Colorado for Minimum Required Coverage

The cheapest auto insurance in Colorado is determined by several factors, including the insurance company you select and the policy type you have. The lowest auto policy in Colorado is offered by American National for $213 per year for minimal coverage and $774 per year for full coverage, according to Way.com's sample rates from our analysis of quoted yearly premiums.

State Farm is likely to be your best pick if you're seeking the lowest auto insurance companies in Colorado. For basic coverage, full coverage, and various previous driving mishaps, the firm had the lowest rates identified in a Way.com review.

However, rates vary greatly depending on the car insurance companies, your region, your driving record, and other aspects. Compare quotes from various insurance to ensure you get the best deal. State Farm offers the cheapest car insurance in Colorado, with minimal liability coverage costing $462 per year and $38 per month.

Liability-only policies that meet the minimum coverage criteria are the cheapest vehicle insurance premiums. State Farm and Progressive have the lowest state minimum car insurance prices in Colorado on average.

State Farm offers the most affordable liability-only coverage. For minimum liability, the average cost of auto insurance in Colorado is $791 per year or $66 per month.

A quote from USAA is also recommended for eligible drivers. A minimal coverage policy costs $381 on average per year, less than State Farm. However, only active or retired military personnel and their families are eligible for coverage.

See what you could save on auto insurance

Average Cost of Auto Insurance Companies in Colorado

Auto insurance in Colorado costs an average of $471 for limited coverage and $2004 for maximum coverage. Colorado's premiums are much higher than the national average of $1746, which is much higher than what the average American pays for auto insurance.

With an average annual rate of $1281, State Farm is Colorado's cheapest insurance company for a full coverage policy. In Colorado, a minimal coverage policy only covers the expense of damage or injury caused by you in a car accident. Damage to your car is covered under a full coverage policy, including comprehensive and collision coverage, whether the damage occurs on or off the road.

Colorado is one of the most costly states for car insurance, with the average full coverage policy costing $2208 per year. Progressive is the next business with the largest discounts after State Farm.

Liability, collision, and comprehensive coverage are all included in full coverage packages. Comprehensive insurance protects your car from damage caused by causes other than driving, such as theft or weather damage. Collision insurance pays for damage to your car that isn't covered by another driver's liability insurance, such as hitting a pothole or a streetlight.

Cheapest car insurance quotes for Colorado drivers

If you're looking for car insurance, you can get a good deal without sacrificing coverage. In Colorado, numerous car insurance companies provide low prices for minimum and full coverage policies. We found some of Colorado's cheapest car insurance companies using average annual rate data.

According to our in-house analysis of the market, the best auto insurance in Colorado comes from one of these car insurance firms with comparing providers.

Cheap car insurance in Colorado for young Colorado drivers

Taking car insurance for an 18-year-old is never a cheap option. USAA offers the cheapest car insurance for 18-year-old drivers, with a stand-alone basic coverage policy costing $2911 on average.

If you are looking for the best car insurance for students take a look at the table below:

COMPANY 18-YEAR-OLD FEMALE 18-YEAR-OLD MALE
Allstate $4,907 $5,402
American Family Insurance $5,610 $6,177
Farmers $9,941 $9,981
Nationwide $4,515 $5,279
Progressive $11,455 $12,945
State Farm $3,287 $4,171
USAA $2,911 $3,334
Statewide Average $5,758 $6,356

Cheap car insurance for Colorado drivers with a speeding ticket

USAA has the best rates for drivers who have recently received a speeding ticket, with full coverage rates around half of what other Colorado insurers charge. Esurance is a distant second, but you may save roughly $120 each year compared to the average.

COMPANY AVERAGE ANNUAL RATE
USAA $1,298
Esurance $1,326
State Farm $1,415
Nationwide $1,569
Allstate $1,805
Statewide Average $1,925
American Family Insurance $2,312
Farmers $2,419
MetLife $2,543
Progressive $3,181

Cheap auto insurance for Colorado drivers after a car accident

USAA offers the cheapest full coverage insurance for drivers who have committed accidents, at $1499 per year, a 16% increase in insurance prices.

A driver with a history of accidents or traffic offenses will almost certainly pay substantially higher auto insurance premiums in Colorado. After an accident, insurance firms in the state raise rates by an average of 47%.

USAA has the best rates for drivers who have recently received a speeding ticket, with full coverage rates around half of what other Colorado insurers charge. State Farm is a distant second, but you may save roughly $114 each year compared to the average.

COMPANY AVERAGE ANNUAL RATE
USAA $1,499
State Farm $1,515
Nationwide $2,011
Esurance $2,211
Allstate $2,242
Statewide Average $2,263
American Family Insurance $2,404
Farmers $2,730
MetLife $3,140
Progressive $4,014

Cheap car insurance quotes for Colorado drivers with a DUI

State Farm would have the cheapest pricing for complete coverage if you were recently convicted of driving under the influence (DUI). It only raises rates by 15%, which is significantly less than the national average.

Because a DUI is a serious driving crime, it's normal to see a significant rate hike as a result.

If you are looking for the best car insurance after DUI citation take a look at the table below:

COMPANY AVERAGE ANNUAL RATE
State Farm $1,415
Esurance $1,853
Geico $1,978
USAA $2,119
Allstate $2,141
Statewide Average $2,243
American Family Insurance $2,312
Nationwide $2,471
Farmers $2,678
Progressive $2,828
MetLife $4,526

Cheap car insurance for married Colorado drivers

State Farm offers the best rates for full coverage in Colorado for married drivers. The company, which already has the lowest rates in the state, does not provide married drivers a discount.

Most insurance firms charge married drivers cheaper premiums because they are considered less hazardous. Insurers in Colorado reduce rates for married drivers by 4% on average.

Company Annual Premium
State Farm $1,277
Progressive $1,877
Nationwide $2,225
American Family $2,405
Allstate $2,477
Farmers $3,113
USAA $1,241

Cheap full coverage car insurance quotes for young drivers with an accident history

After an accident, young drivers looking for the cheapest policy may be able to find it by browsing with State Farm. The company's average annual fee for minimum coverage is $1911.

Because insurers view at-fault accidents as a higher risk, they will typically boost rates more than a speeding ticket, and young Colorado drivers should anticipate rates to rise by 25% following an accident.

Company Annual rate
State Farm $1911
American Family $2793
Progressive $3663
Allstate $3864

Compare car insurance rates in top Cities

Colorado is one of the most costly states in the US for vehicle insurance, with an average full coverage policy costing $2214 per year, or $183 per month.

Although these averages can give you a decent indication of how costs may vary, your auto insurance rates likely be different. Location is only one element that affects auto insurance prices. Larger cities, such as Denver, will have higher rates because of the higher number of accidents and car thefts.

City Average cost
Acres Green$2,290
Agate$2,407
Aguilar$2,077
Air Force Academy$2,325
Akron$2,103
Alamosa$1,999
Alamosa East$1,935
Allenspark$2,112
Alma$2,070
Almont$1,898
Amherst$2,114
Anton$2,162
Antonito$1,878
Applewood$2,328
Arapahoe$2,243
Arlington$2,221
Arriba$2,251
Arvada$2,221
Aspen$2,010
Atwood$2,170
Ault$2,014
Aurora$2,578
Austin$1,804
Avon$1,947
Avondale$2,201
Bailey$2,244
Basalt$1,875
Battlement Mesa$1,861
Bayfield$1,991
Bedrock$1,926
Bellvue$2,037
Bennett$2,360
Berkley$2,403
Berthoud$1,887
Bethune$2,242
Beulah$2,368
Black Forest$2,338
Black Hawk$2,219
Blanca$2,068
Blende$2,321
Blue River$1,981
Boncarbo$2,119
Bond$2,006
Boone$2,523
Boulder$2,080
Bow Mar$2,133
Branson$2,075
Breckenridge$1,983
Briggsdale$2,085
Brighton$2,108
Brookside$2,070
Broomfield$2,042
Brush$2,173
Buena Vista$1,918
Buffalo Creek$2,276
Burlington$2,242
Burns$2,017
Byers$2,444
Cahone$2,031
Calhan$2,279
Campo$2,117
Canon City$2,070
Capulin$1,937
Carbondale$1,858
Carr$1,989
Cascade$2,320
Castle Pines$2,279
Castle Pines North$2,275
Castle Rock$2,107
Cedaredge$1,839
Centennial$2,374
Center$1,944
Central City$2,182
Chama$2,083
Cherry Creek$2,354
Cherry Hills Village$2,409
Cheyenne Wells$2,228
Chromo$2,014
Cimarron$1,848
Cimarron Hills$2,538
Clark$1,987
Clifton$1,675
Climax$2,054
Coal Creek$2,122
Coaldale$2,081
Coalmont$2,104
Collbran$1,820
Colorado City$2,249
Colorado Springs$2,464
Columbine$2,157
Columbine Valley$2,323
Commerce City$2,290
Como$2,146
Conejos$1,964
Conifer$2,166
Cope$2,219
Copper Mountain$1,977
Cortez$1,976
Cory$1,818
Cotopaxi$2,119
Cowdrey$2,081
Craig$1,933
Crawford$1,877
Creede$1,980
Crested Butte$1,883
Crestone$1,971
Cripple Creek$2,292
Crook$2,126
Crowley$2,223
Dacono$2,139
Dakota Ridge$2,312
De Beque$1,763
Deer Trail$2,561
Del Norte$1,958
Delta$1,760
Denver$2,505
Derby$2,412
Dillon$1,901
Dinosaur$1,924
Divide$2,290
Dolores$1,923
Dove Creek$2,075
Dove Valley$2,361
Drake$2,030
Dumont$2,209
Dupont$2,416
Durango$1,879
Eads$2,094
Eagle$1,967
East Pleasant View$2,331
Eastlake$2,149
Eaton$1,986
Eckert$1,782
Eckley$2,207
Edgewater$2,532
Edwards$1,861
Egnar$2,018
El Jebel$1,922
El Moro$2,039
Elbert$2,142
Eldorado Springs$2,116
Elizabeth$2,236
Empire$2,171
Englewood$2,413
Erie$1,917
Estes Park$1,919
Evans$1,979
Evergreen$2,136
Fairmount$2,162
Fairplay$2,088
Federal Heights$2,391
Firestone$2,046
Flagler$2,270
Fleming$2,131
Florence$2,111
Florissant$2,136
Fort Carson$2,531
Fort Collins$1,868
Fort Garland$2,133
Fort Lupton$2,176
Fort Lyon$2,482
Fort Morgan$2,196
Fountain$2,455
Fowler$2,234
Foxfield$2,457
Franktown$2,265
Fraser$1,969
Frederick$2,097
Frisco$1,976
Fruita$1,720
Fruitvale$1,604
Galeton$2,029
Garden City$2,059
Gardner$2,183
Gateway$1,784
Genesee$2,337
Genoa$2,194
Georgetown$2,164
Gilcrest$2,047
Gill$2,031
Glade Park$1,758
Glen Haven$1,981
Glendale$2,595
Gleneagle$2,280
Glenwood Springs$1,900
Golden$2,130
Granada$2,182
Granby$1,956
Grand Junction$1,665
Grand Lake$2,016
Grand View Estates$2,271
Granite$1,999
Grant$2,125
Greeley$1,978
Green Mountain Falls$2,336
Greenwood Village$2,311
Grover$2,078
Guffey$2,182
Gunbarrel$2,060
Gunnison$1,970
Gypsum$1,940
Hamilton$1,949
Hartman$2,190
Hartsel$2,137
Hasty$2,185
Haswell$2,210
Haxtun$2,095
Hayden$1,895
Henderson$2,398
Hereford$2,056
Hesperus$2,045
Highlands Ranch$2,232
Hillrose$2,141
Hillside$2,039
Hoehne$2,130
Holly$2,191
Holly Hills$2,586
Holyoke$2,122
Homelake$2,029
Hooper$1,931
Hot Sulphur Springs$1,955
Hotchkiss$1,873
Howard$2,054
Hudson$2,099
Hugo$2,304
Hygiene$2,006
Idaho Springs$2,163
Idalia$2,188
Idledale$2,331
Ignacio$1,972
Iliff$2,108
Indian Hills$2,365
Inverness$2,357
Jamestown$2,222
Jaroso$2,060
Jefferson$2,124
Joes$2,192
Johnstown$1,967
Julesburg$2,156
Karval$2,250
Keenesburg$2,162
Ken Caryl$2,236
Kersey$2,048
Keystone$1,900
Kim$2,052
Kiowa$2,370
Kirk$2,199
Kit Carson$2,226
Kittredge$2,343
Kremmling$2,002
La Jara$1,897
La Junta$2,093
La Salle$2,021
La Veta$2,195
Lafayette$2,079
Lake City$2,023
Lake George$2,268
Lakewood$2,465
Lamar$2,164
Laporte$1,915
Larkspur$2,271
Las Animas$2,204
Lazear$1,887
Leadville$1,965
Leadville North$2,049
Lewis$1,925
Limon$2,330
Lincoln Park$2,070
Lindon$2,198
Littleton$2,203
Livermore$2,067
Lochbuie$2,195
Log Lane Village$2,237
Loma$1,703
Lone Tree$2,290
Longmont$1,893
Louisville$1,894
Louviers$2,244
Loveland$1,959
Lucerne$2,001
Lyons$1,875
Mack$1,697
Manassa$1,928
Mancos$2,000
Manitou Springs$2,395
Manzanola$2,257
Marvel$2,080
Masonville$1,980
Matheson$2,494
Maybell$1,912
McClave$2,258
McCoy$2,021
Mead$1,990
Meeker$1,933
Meredith$1,993
Meridian$2,243
Merino$2,141
Mesa$1,817
Mesa Verde National Park$2,033
Milliken$1,997
Minturn$1,955
Model$2,168
Moffat$1,970
Molina$1,845
Monarch$1,910
Monte Vista$1,820
Montrose$1,746
Monument$2,112
Morrison$2,248
Mosca$1,906
Mount Crested Butte$1,885
Mountain View$2,433
Mountain Village$2,102
Nathrop$1,909
Naturita$1,939
Nederland$2,200
New Castle$1,898
New Raymer$2,046
Niwot$2,054
North Washington$2,358
Northglenn$2,365
Norwood$2,052
Nucla$1,931
Nunn$1,968
Oak Creek$2,020
Ohio City$1,911
Olathe$1,796
Olney Springs$2,365
Ophir$2,058
Orchard$2,107
Orchard Mesa$1,739
Ordway$2,404
Otis$2,171
Ouray$2,000
Ovid$2,172
Padroni$2,115
Pagosa Springs$1,903
Palisade$1,755
Palmer Lake$2,244
Paoli$2,113
Paonia$1,890
Parachute$1,860
Paradox$1,947
Paragon Estates$2,109
Parker$2,186
Parlin$1,881
Parshall$2,014
Peetz$2,141
Penrose$2,177
Perry Park$2,259
Peyton$2,067
Phippsburg$1,991
Pierce$2,005
Pine$2,326
Pine Brook Hill$2,160
Pinecliffe$2,168
Pitkin$2,033
Placerville$2,025
Platteville$1,866
Pleasant View$1,933
Poncha Springs$1,916
Ponderosa Park$2,238
Powderhorn$1,914
Pritchett$2,126
Pueblo$2,467
Pueblo West$2,269
Ramah$2,456
Rand$2,084
Rangely$1,943
Red Cliff$1,977
Red Feather Lakes$2,073
Redlands$1,697
Redvale$1,955
Ridgway$1,975
Rifle$1,864
Rockvale$2,115
Rocky Ford$2,325
Roggen$2,097
Rollinsville$2,152
Romeo$1,949
Roxborough Park$2,212
Rush$2,444
Rye$2,273
Saguache$1,910
Salida$1,924
Salt Creek$2,337
San Luis$2,047
Sanford$1,915
Sargents$1,973
Security-Widefield$2,293
Sedalia$2,210
Sedgwick$2,197
Seibert$2,313
Severance$2,063
Shaw Heights$2,289
Shawnee$2,202
Sheridan$2,537
Sheridan Lake$2,206
Sherrelwood$2,387
Silt$1,867
Silver Plume$2,210
Silverthorne$2,003
Silverton$2,083
Simla$2,422
Slater$1,951
Snowmass$1,978
Snowmass Village$1,989
Snyder$2,108
Somerset$1,910
South Fork$1,966
Springfield$2,101
Steamboat Springs$1,859
Sterling$2,110
Stonegate$2,272
Stoneham$2,118
Strasburg$2,230
Stratmoor$2,566
Stratton$2,260
Sugar City$2,283
Sugarloaf$2,209
Superior$2,072
Swink$2,302
Tabernash$1,978
Telluride$2,103
The Pinery$2,279
Thornton$2,308
Timnath$2,075
Todd Creek$2,244
Toponas$2,018
Towaoc$1,988
Trinchera$2,034
Trinidad$2,041
Twin Lakes$2,210
Two Buttes$2,113
Upper Bear Creek$2,302
Usaf Academy$2,328
Vail$1,964
Vernon$2,146
Victor$2,284
Vilas$2,103
Villa Grove$1,921
Vona$2,283
Walden$2,070
Walsenburg$2,221
Walsh$2,098
Ward$2,189
Watkins$2,499
Welby$2,363
Weldona$2,123
Wellington$1,927
West Pleasant View$2,124
Westcliffe$2,081
Westminster$2,224
Weston$2,130
Wetmore$2,145
Wheat Ridge$2,448
Whitewater$1,776
Wiggins$2,144
Wild Horse$2,230
Wiley$2,183
Windsor$2,063
Winter Park$1,982
Wolcott$1,917
Woodland Park$2,363
Woodmoor$2,290
Woodrow$2,191
Woody Creek$1,972
Wray$2,117
Yampa$2,014
Yellow Jacket$1,962
Yoder$2,458
Yuma$2,179

Cheap auto insurance in Colorado with bad credit

Company Avg. Annual Premium
Nationwide $2,400
USAA $2,948
State Farm $3,145
Farmers $3,793
Allstate $4,541
Progressive $4,782

Colorado auto insurance rate by violation

Accident/Violation Avg. Annual Premium % Rate Increase $ Rate Increase
None $2,188 1% $1
One Med/PIP claim $2,198 1% $20
Not-at-fault accident $2,243 4% $65
Two Med/PIP claims $2,243 4% $66
One comp claim $2,248 4% $70
Two comp claims $2,323 7% $146
Failure to wear a seat belt $2,376 10% $209
Failure to show documents $2,423 12% $245
Child safety restraint $2,425 12% $248
Driving without lights $2,433 12% $256
Driving with expired registration $2,518 16% $340
Texting while driving $2,561 18% $384
Cell phone violation $2,588 19% $411
Failure to yield $2,614 21% $437
Illegal turn $2,614 21% $437
Failure to stop at a red light $2,614 21% $437
Following too closely $2,615 21% $437
Driving too slowly $2,619 21% $441
Improper passing $2,633 21% $456
Speeding 6 - 10 MPH over limit $2,641 22% $464
Speeding 11 - 15 MPH over limit $2,649 22% $472
Speeding 16 - 20 MPH over limit $2,649 22% $472
At-fault accident - less than $1000 $2,652 22% $474
Wrong way/wrong lane $2,655 22% $477
Speeding in school zone $2,669 23% $491
Passing school bus $2,709 25% $532
Operating a vehicle without permission $2,815 30% $637
In 65 MPH zone $2,816 30% $638
Speeding 21 - 25 MPH over limit $2,868 32% $690
Open container $3,005 40% $827
At-fault accident - $1000-$2000 $3,205 48% $1,027
At-fault accident - greater than $2000 $3,205 48% $1,027
Driving with a suspended license $3,389 56% $1,212
Reckless driving $3,662 69% $1,484
Refusal to submit to a chemical test $3,712 71% $1,534
Racing $3,769 74% $1,592
DUI $3,804 75% $1,636
Leaving scene of an accident/hit and run $3,939 81% $1,772

Auto insurance pricing trends in Colorado

Year Avg. Annual Premium — Colorado Yearly Change — Colorado Avg. Annual Premium — USA Yearly Change — USA
2021 $1,697 -$1 $1,539 $56
2020 $1,708 -$56 $1,493 -$51
2019 $1,774 $74 $1,554 $33
2018 $1,710 -$26 $1,531 $94
2017 $1,746 $298 $1,447 $79
2016 $1,458 -$19 $1,378 $98
2015 $1,487 $56 $1,290 $61
2014 $1,441 $186 $1,239 $44
2013 $1,265 $27 $1,205 -$70
2012 $1,248 $58 $1,286 $92

How to find the best car insurance in Colorado

While your insurance agent sets your rates, there are many things you can do to find cheap auto insurance quotes in Colorado:

  • Shop around: Rates will differ a lot from one person to the next and from one business to the next. Finally, each person can shop around for the company that provides the best deal for their specific situation.
  • Increase your car insurance deductibles: The relationship between your insurance car insurance deductibles and your premiums is usually direct. The lower the premiums, the higher the car insurance deductibles, and vice versa. Higher car insurance deductibles will help you save money per month if you're willing to pay a higher cost in the event of an accident.
  • Bundle the insurance policies: Customers who have two or more policies with the same organization are almost always eligible for a multi-policy discount. You will save money on your premium by combining your car insurance with your homeowners' or renters' insurance.
  • Pay the whole premium upfront: Customers usually charge a monthly premium by insurance providers but plans typically last six months. When you pay your entire premium upfront, most carriers give you a discount. In most cases, if you switch companies throughout your contract, the insurer will refund the unused premium.
  • Take advantage of discounts: All of the major insurance companies offer car insurance discounts. Good driver discounts, good student discounts, and discounts for car safety features are among the most popular. Some discounts are applied to your policy automatically if you qualify, while others require you to opt in.

See what you could save on auto insurance

Reasons Why Auto Insurance Costs More in Colorado

Colorado auto insurance has been on the rise every year. Customers are witnessing a 15% or more increase in their prices. So, what occurred, and, more importantly, what can you do about the growing cost of auto insurance? To know more you can read all about it here.

Things to Know About Car Insurance When Moving to Colorado

Anyone with more than 25 cars registered to their name can qualify as a self-insurer by asking for a certificate of self-insurance from the state Insurance Commissioner. The Insurance Commissioner must guarantee that the person will afford the state's minimum coverage requirements.

How to Get Discounts on Car Insurance in Colorado

There are a variety of auto insurance discounts available in Colorado, but they will vary from agency to agency. If you're changing insurance providers, see if they have a transition discount. You could be able to save money by moving.

Discount How It Works
Good Driver Drivers with a clean record and no claims history save on insurance.
Driver Education Insurance companies are required by state law to provide a discount to older drivers who complete an approved defensive driving course. Drivers must be 50 years of age or older to qualify.
Continuously Insured Drivers who have been insured for 6 months or more save on insurance.
Billing and Payments If you pay for your policy in full, set up automatic payments, pay online, or go paperless, you can save.
Policy Bundling Insure multiple vehicles or get different policy types (like home and auto) from the same company can earn a discount.
Good Student Young drivers with a “B” average or higher are eligible for discounts.
Usage-Based Some insurance companies offer discounts for drivers who are willing to have their driving habits monitored by an electronic device attached to their car and/or their smartphone.
Safety Features Cars featuring multiple airbags, anti-lock brakes, daytime running lights, and other safety add-ons can save on car insurance.
Anti-Theft Systems Car alarms, LoJack, steering wheel locks, or other anti-theft features can make comprehensive coverage more affordable.

Colorado Car Insurance Laws

Colorado is referred to as a "fault state." This means that the driver who caused a traffic accident is liable for any costs incurred due to property damage or injuries sustained during the collision. This includes lost wages, fatalities, car damage, and physical damage to the city. The at-fault driver's insurance company will pay up to the policyholder's car insurance limits, but the policyholder must pay anything over that out of pocket.

Colorado Auto Insurance Requirements

Most states require you to have certain types of coverage with minimum liability limits as a matter of law. When selecting how much to buy, think about what assets you want to cover and how much you can afford.

In Colorado, limits for physical injury are $25,000 per person and $50,000 per accident—commonly referred to as "25/50."

Colorado car insurance PIP requirements

PIP coverage is a mainstay, and part of the minimum needed coverage for automobile owners in no-fault states. However, in a state like Colorado, this type of coverage is significantly more limited. To illustrate the point, it's helpful to know Colorado's minimum mandated coverage, which includes:

Insurance for bodily injury liability for $25,000 per person/$50,000 per accident Liability insurance for property damage for $15,000

Carriers must also provide at least $5,000 in medical payment (Med Pay) coverage, which works similarly to PIP in that it compensates for certain types of expenses regardless of responsibility.

While car insurance companies are required to offer at least $5,000 in Med Pay coverage, which can be denied in writing by prospective buyers, some Colorado drivers choose to acquire this coverage at even greater limits as protection if they are found to be at fault in a crash.

Proof of Auto Insurance in Colorado

All drivers in Colorado are required by law to have auto insurance. Anyone who drives or parks a car on Colorado's public roads must provide evidence of insurance. Driving without adequate auto insurance exposes you to financial liability in the event of a traffic accident.

Auto Insurance Data Methodology

The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.

Quotes are typically based on a full coverage policy average unless otherwise noted within the content.

These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com

Frequently Asked Questions

Who has the cheapest car insurance in Colorado?

The average car insurance premium is $438. State Farm is the least expensive policy in Colorado.

What is the average cost of car insurance in Colorado?

The average insurance premium in Colorado is $435 annually, 0.6% higher than the national average.

Why is car insurance so expensive in Colorado?

Insurance premiums usually are higher in states with a higher cost of living. The more people in a given location, the greater the statistical likelihood of an accident. While the weather in Colorado is generally pleasant, the mountains can make the weather unpredictably unpredictable at times. Weather-related accidents account for about 21% of all crashes in the United States. Driving can be difficult as a result of this.

Who has the best auto insurance rates in Colorado?

The following car insurance companies have the best car insurance rates in Colorado:

  • State Farm - $1667
  • Allstate - $1690
  • American Family - $2114
  • Progressive - $3022

Does Colorado require car insurance?

In Colorado, car owners are expected to have liability insurance. If the insured is at fault for an accident, liability insurance covers physical harm to another person as well as property damage to another's car or property.

Is Colorado a no-fault car insurance state?

Colorado is a fault jurisdiction when it comes to car accidents. The fault-based scheme is the more conventional of the two insurance claim solutions. The person who caused the accident must compensate you for your losses. The driver will not cover these expenses. These expenses would be covered by his or her insurance provider up to the policy limits.

Does insurance follow the car or driver in Colorado?

When you lend your car to someone in Colorado, you're just letting them borrow your car insurance. You'll be the one to pay if they get into a car accident, and if a lawsuit is made, the insurance premium will almost certainly go up.

What is considered full coverage auto insurance in Colorado?

Full coverage insurance in Colorado is typically characterized as a policy that offers more than the state's minimum liability coverage, $25000 per person for bodily injury, $50000 per accident for property harm, and $15000 for property damage.

What is the minimum auto insurance coverage in Colorado?

The state mandates the following minimum coverages, though higher coverages can be purchased: $25000 for a single person's bodily injury or death in an accident; $50000 for all persons' bodily injury or death in an accident; and $15000 for property damage in an accident.

How does car insurance work in Colorado?

Although higher coverages can be purchased, the state requires the following minimum coverages: $25000 for one person's bodily injury or death in an accident; $50000 for all persons' bodily injury or death in an accident; and $15000 for property damage in an accident.

Learn more by city and state for car insurance



Learn more by city and state for car insurance




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