Cheapest Colorado Car Insurance Rates in 2024 (Save With These 10 Companies)

The table shows insurance rates across various ZIP codes and cities. In Grand Junction, average rates range from $274 to $279, with Allstate as the most expensive at $463 and Geico the cheapest at $176 to $186. Nearby cities like Fruita, Clifton, Mack, and Loma have similar patterns. Palisade and Whitewater have slightly higher average rates of $282 and $286.

Montrose, Glade Park, Laporte, Fort Collins, Timnath, Loveland, and Wellington show varying rates, with Farmers often the most expensive and Liberty Mutual the cheapest in Fort Collins, Timnath, Loveland, and Wellington. Cheapest rates generally range from $190 to $217.

Most Expensive Colorado Full Coverage Car Insurance Monthly Rates by ZIP Code & Provider

In various ZIP codes across Denver and Aurora, the average car insurance rates range from $372 to $397. Allstate is often the most expensive insurer, with rates peaking at $578, while Liberty Mutual consistently offers the cheapest rates, as low as $263 in Aurora. Notably, Farmers and USAA also appear as the most expensive insurers in some areas.

The disparity between the most and least expensive rates underscores the significant variation in insurance costs within these cities.

Compare Colorado Car Insurance Rates by City

Since the cheapest and most expensive ZIP codes are grouped in just a few cities, we want to broaden the search and look at cities’ car insurance rates.

Cheapest Colorado Full Coverage Car Insurance Monthly Rates by City & Provider

The table summarizes auto insurance rates across various cities, highlighting the most and least expensive companies. Allstate consistently appears as the most expensive insurer, with rates ranging from $365 in Laporte to $479 in Delta. Geico is often the cheapest option in many cities, with rates as low as $176 in Fruita, Mack, and Loma.

Liberty Mutual and Farmers also frequently appear as the least and most expensive companies, respectively, in certain cities. The rate differences among companies illustrate significant variation in insurance costs depending on the location and provider. The next table shows which cities have the most expensive car insurance rates.

Most Expensive Colorado Full Coverage Car Insurance Monthly Rates by City & Provider

In Colorado, car insurance monthly rates vary significantly across different cities, with the most expensive cities including Deer Trail, Aurora, and Conifer. Among the providers, Allstate frequently has the highest rates, reaching up to $543 in Deer Trail, while Liberty Mutual consistently offers the cheapest rates, as low as $221 in Calhan and Yoder.

Rates generally range from around $350 to $374, highlighting substantial price disparities depending on the provider and location.

Compare Car Insurance Rates in Your City: Find the Best Deal in Colorado

Is car insurance more expensive in Colorado? Easily compare car insurance rates by cities across Colorado. Start now to find the best deal for your location.

Colorado Car Insurance Cost by City

Start now to find the best deal for you.

Compare Colorado Car Insurance by Financial Ratings and Rates by Commute, Credit, and Driving Record

From Pike’s Peak to the Garden of the Gods, folks in Colorado have numerous opportunities to hike and explore ridges, plateaus, and other lofty places. One thing we know for sure is that most of those folks would rather be out exploring instead of looking and searching for cheaper rates on car insurance.

That’s why we’ve done all of the work for you and researched the best insurance carriers in Colorado, so you can make the best choice for your situation. We’ve looked at best car insurance companies‘ financial ratings and A.M. Best ratings as well as the different factors that affect rates. Keep reading to learn about Colorado’s auto insurance providers.

Colorado Car Insurance Companies Financial Ratings

Loss ratios play a large part in how secure a company is financially. That is why we want to include AM Best ratings, which look at loss ratios to determine if a company has solid financial security.

So to see how the 10 top car insurance companies in Colorado are doing, we’ve included the AM Best ratings for each.

Financial Strength Rating of the Top 10 Colorado Car Insurance Companies

The top 10 car insurance companies in Colorado by financial strength are led by State Farm, USAA, and Geico, each with an AM Best rating of A++. Progressive and Allstate follow with A+ ratings, while American Family and Farmers both hold A ratings.

Liberty Mutual also has an A rating, and Travelers, with an A++ rating, ranks among the strongest. Nationwide completes the list with an A+ rating.

Compare Colorado Car Insurance Rates by Commute

At some companies, how far you commute each day influences your insurance rates. Beyond age, gender, location, marital status, and carrier, other factors that affect your quoted rates from each carrier are those that are specific to your individual situation such as how much coverage you want, credit history, and driving record.

Colorado Full Coverage Car Insurance Monthly Rates by Annual Mileage

Most company rates don’t change when the drive is shortened to a 10-mile commute.

Compare Colorado Car Insurance Rates by Credit History

The quality of your credit score impacts your insurance rates. In Colorado, the average credit score is 688, which is above the nationwide average of 675. Basically, this means motorists have an excellent chance of getting great rates because of their above-average credit scores with a good credit discount. It’s important to familiarize yourself and utilize discounts for savings.

The table below shows what you can expect to pay monthly on car insurance based on your credit history.

Colorado Full Coverage Car Insurance Monthly Rates by Credit Score

If you have insurance through Allstate and have poor credit, you can expect to pay nearly $3000 more for car insurance than someone with good credit.

Compare Colorado Car Insurance Rates by Driving Record

A clean driving record is the easiest way to keep rates down. As you can see from the information below, at Liberty Mutual, just one speeding violation can raise your rate by over $400.

Colorado Full Coverage Car Insurance Monthly Rates by Driving Record

Car insurance with a bad driving record will come with high rates. We encourage you to obey posted speed limit signs and NOT drink and drive.

Colorado Car Insurance Laws

Break a leg? You may have heard that saying before wishing someone good luck before a performance. But in Colorado, where skiing is one of the top activities in the state, it has a whole new meaning.

According to state law in Vail: Avoid Obstacles: Each skier shall stay clear of snow-grooming equipment, all vehicles, lift towers, signs, and any other equipment on the ski slopes and trails.

Delve more details on our “Understanding Car Insurance Codes and Laws.”

Well, duh…Nobody wants to crash into anything, let alone a snow plow careening down a hill at 60 mph, and you’ll probably end up with more than a broken leg. Not only will you be recovering from your injuries, but your wallet will be recovering from the citation you might receive for trying to take out an Aspen tree.

We know state laws are odd and sometimes confusing and vary from state to state. New residents may receive tickets for laws they didn’t know existed. Next, we help you uncover what the laws are, so check out our roundup of Colorado’s driving laws.

High-Risk Car Insurance in Colorado

If you have a bad driving record, it may be difficult to find an insurance company that is willing to insure you as a driver. Luckily, in most states, insurance companies have made programs available to provide affordable coverage for those who need high-risk car insurance. In Colorado, this program is known as the Colorado Automobile Insurance Plan.

According to Colorado’s DMV “The plan is a voluntary agreement between the state and all auto insurers licensed in Colorado. The deal is that if an insurer wants to do ANY auto insurance business in Colorado, then that insurer must agree to cover a share of high risk drivers when they are assigned.”

Low-Cost Car Insurance in Colorado

Some states have programs set up for those who receive benefits from government assistance programs or those who have a combined family income that is below the poverty level. Unfortunately, Colorado has no such plan in place. In order to obey the law, you must carry minimum liability coverage.

Automobile Insurance Fraud in Colorado

What is automobile insurance fraud?

• Creating a claim for damages or injuries that NEVER occurred (such as faking an accident)
• Adding extra costs onto a claim that is legitimate

Colorado has employed an Insurance Fraud Unit to investigate fraudulent activity throughout the state. Committing insurance fraud can result in fines and/or jail time.

Colorado Vehicle Licensing and Renewal Laws

Colorado, just like every other state, has mandatory licensing laws in addition to the statute of limitations and car insurance laws, which we previously covered. Colorado is in full compliance with the REAL ID Act passed by Congress and enforced by Homeland Security.

This means that a driver’s license or state ID issued by Colorado is an acceptable form of identification at federal facilities, airports, and nuclear power plants. As of October 1, 2020, anyone wishing to fly on a commercial flight or enter a federal facility must have a REAL ID-compliant form of identification. Learn more information with our “What to Know About Renewing Car Insurance Automatically.”

Penalties For Driving Without Car Insurance in Colorado

Colorado has a Motorist Insurance Information Database (MIIDB) program to which the police and DMV have access. Registration information is updated in the MIIDB daily, and insurance information is updated weekly or more. There are penalties for driving without insurance.

For the first offense, the penalty includes a minimum fine of $500, four points on the driver’s license, a suspension until proof of insurance is provided to the DMV, and up to 40 hours of possible community service. For the second offense, the penalty increases to a minimum fine of $1,000, with the same four points, a four-month license suspension, and up to 40 hours of possible community service.

• Electronic picture of a current insurance card or pdf file of coverage on a phone, tablet, or another electronic device
• Insurance card
• Declaration page
• Letter/Binder from the insurance company on their letterhead

Above are the following forms of proof of insurance are accepted in Colorado. It’s important to keep physical proof of insurance in Colorado.

Teen Driver Laws in Colorado

To begin driving in Colorado, teens must be 15 and enrolled and attending a driving class to apply for a learner’s license. Before teens can apply for a regular license or a restricted license, the Insurance Institute for Highway Safety (IIHS) specifies that teens must meet the requirements below.

Learner’s permits can be obtained at age 15 if enrolled in driver’s education, at 15 1/2 with a completed driver-awareness course, or at 16 without either. A restricted license requires holding a learner’s permit for one year if under 18, and an unrestricted license can be obtained at 17 with a year of holding a restricted license or at 18 otherwise.

Uncover more insights with our “Compare Teen Driver Car Insurance Rates.”

Learner’s permit holders must be supervised by a licensed parent, guardian, or their adult appointee. Restricted license holders face passenger and nighttime driving restrictions in their first year, with no passengers under 21 for the first six months and a limit of one for the next six months, and no driving between midnight and 5 a.m. unless certain exceptions apply.

Cell phone use is prohibited for all drivers under 18. Obtaining a restricted license requires an affidavit of liability from a parent or guardian if under 18 and completion of 50 hours of supervised driving, including 10 at night. An unrestricted license requires holding a restricted license for one year if under 18.

Older Driver License Renewal Procedures in Colorado

Older drivers in Colorado have to renew their licenses every five years, which is the same renewal procedure as the general population. The only difference is how they can renew. For the general population, license renewals are limited to two consecutive renewals online before requiring an in-person visit, with the option of every other renewal being completed by mail.

For individuals over the age of 66, the renewal process allows for every other renewal to be conducted by mail, thus reducing the need for frequent in-person renewals. This system provides a balance between convenience and the necessity for periodic in-person verification.

Essential Tips for New Residents on Navigating the Colorado Licensing Process

Considering a move to Colorado? Here are the guidelines for getting a new Colorado driver’s license. The Colorado DMV website says you need a Colorado license within 30 days of residency. The residency requirements are as follows:

• Own or operate a business in Colorado OR
• Are gainfully employed in Colorado OR
• Reside in Colorado for 90 consecutive days

Your valid driver’s license from your previous state of residence should be enough for you not to have to take a driving or written exam. When you go to the DMV to get a Colorado license, be prepared with the following documentation:

• A valid driver’s license from the previous state of residence
• Proof of your social security number
• Two proofs of current Colorado address
• Proof of lawful presence
• Money for fees

Also, proof of adequate vision is required for driver’s licenses and permits. After becoming a Colorado resident, you must register your vehicle within 90 days.

License Renewal in Colorado

Driver licenses must be renewed every five years, and it is important not to wait until your license expires to begin the renewal process. Renewals can be completed through three methods: online, in person, or by mail. However, there are specific restrictions on renewing online or by mail.

You are permitted to renew by mail only every other renewal cycle, and you can renew online only two consecutive times. Additionally, individuals who are 66 years old and older are limited to renewing by mail every other renewal at most. Discover more details in our guide titled “Can you renew your car insurance early?”

Colorado Rules of the Road

We all should obey the rules, but if you are new to the state, there may be laws you’re unfamiliar with. That is why we’ve assembled a list of several important laws to help keep you in good standing and on the road. Know more information on our “Does a negligent driving ticket affect car insurance rates?”

Fault vs. No-Fault

Colorado is a fault-based state which means if you are the cause of a car accident, you are responsible for any damage caused.

Seat Belt and Car Seat Laws

Do seat belt laws impact my car insurance? According to seat belt laws, all passengers in the front seat of a vehicle driven in Colorado must be wearing a seat belt. Additionally, children 16 years and younger are required to be properly restrained no matter where they are sitting. Currently, riding in the cargo section of a pick-up truck is prohibited unless the cargo area is fully or partially enclosed on all four sides.

Keep Right and Move Over Laws

Colorado traffic laws mandate that you must keep right when traveling slower than the average speed of traffic around you. Generally, the left lane is for faster traffic and passing.

Speed Limits

Maximum posted speed limits are 75 mph on rural interstates, 65 mph on urban interstates, 65 mph on limited access roads, and 65 mph on all other roads. These are the mandated safe speed to drive your car.

Ridesharing

Rideshare services like Uber and Lyft mandate that all their drivers carry personal car insurance that meets the minimum requirements. However, if drivers wish to purchase a commercial car insurance policy, these are the companies that provide coverage.

• Allstate
• American Family
• Farmers
• Geico
• MetLife
• Safeco
• State Farm
• USAA

The state of Colorado was the first to pass a regulatory bill for ridesharing companies in 2014.

Automation on the Road

According to the Insurance Institute for Highway Safety (IIHS) “Automation is the use of a machine or technology to perform a task or function that was previously carried out by a human. In driving, automation involves using radar, camera and other sensors to gather information about a vehicle’s surroundings, which is then used by computer programs to perform parts or all of the driving task on a sustained basis.”

Currently, Colorado does allow the deployment of autonomous vehicles with no restrictions on having an operator in the vehicle.

Colorado Safety Laws

Up next, we take a closer look at the safety laws in Colorado, so you can arrive alive. These includes, DUI, marijuana-influenced, and distracted driving laws. Know more information on what are the DUI insurance laws in Colorado. Let’s delve on each:

DUI Laws

Driving while impaired has disastrous results for everyone involved, that’s why strict laws are in place to prevent such tragedies. In Colorado alone, drunk driving caused 177 deaths in 2017. Each state differs in how they address drunk driving and therefore have different penalties. The penalties get worse with each subsequent offense.

Marijuana-Impaired Driving Laws

Driving under the influence of drugs is illegal and is subject to the same penalties as driving under the influence of alcohol. Because controlled amounts of marijuana consumption are legal in Colorado, permissible inference of 5 nanograms of THC is permissible.

Distracted Driving Laws

Text messaging while driving is prohibited for all drivers. Persons under 18 are prohibited from using a wireless telephone while driving.

Colorado Road Related Fatalities and EMS Response Time

Now that you have a good understanding of Colorado state laws, let’s dive into some facts that you might not know. While insurance is important, it is also crucial to know what to keep your eyes out for on the road. Car accidents can and do happen, and next, we’re going to show you statistics for different kinds of accidents in Colorado.

Fatalities (All Crashes) by County

Here are the Colorado counties with the most fatalities over the past five years.

Colorado Road Fatalities Five-Year Tread by County

Over the past five years, Colorado’s road fatalities have generally shown a slight increase across most counties. El Paso, Denver, Arapahoe, Jefferson, Larimer, Pueblo, Boulder, and Garfield counties all experienced modest rises in fatalities, with Denver consistently having the highest numbers.

Weld and Adams counties also saw slight increases, though their trends were more stable compared to the other counties.

Fatalities by Roadway

Next, we have a 10-year comparison of traffic fatalities on urban vs. rural roadways.

Colorado Road Fatalities Ten-Year Tread by Roadway Type

Over the past decade, Colorado has seen a consistent rise in road fatalities on both rural and urban roadways. Rural fatalities increased from 228 in 2014 to 300 in 2023, while urban fatalities rose more sharply from 260 to 460 over the same period. This trend underscores the growing need for improved road safety measures across the state.

Fatalities by Crash Type

Over the years from 2019 to 2023, Colorado has seen a noticeable increase in road fatalities across various crash types. Single vehicle crashes rose steadily from 355 in 2019 to 395 in 2023. Fatalities involving large trucks also showed a gradual increase, going from 90 in 2019 to 98 in 2023. Speeding-related fatalities climbed significantly from 260 in 2019 to 320 in 2023.

Colorado Road Fatality by Crash Type

Rollover crashes, similarly, experienced a rise from 242 in 2019 to 270 in 2023. Fatalities due to roadway departures grew from 350 in 2019 to 390 in 2023. Finally, intersection-related fatalities increased from 200 in 2019 to 220 in 2023. This data highlights a consistent upward trend in road fatalities across all these categories over the five-year period.

Fatalities Involving Speeding by County

In recent years, Colorado counties have experienced a troubling rise in speeding-related fatalities. El Paso County leads with a total of 66 deaths from 2021 to 2023, showing a consistent increase each year. Denver County is close behind, with 65 deaths over the same period, also rising annually. Jefferson County follows with 60 deaths, and both Weld and Adams counties report 56 fatalities each.

Counties in Colorado With the Most Speeding Deaths

Arapahoe County experienced 53 deaths, while Larimer had 40. Pueblo County, despite having fewer deaths overall, still saw a significant rise with 24 fatalities. Garfield and Douglas counties, with 21 and 20 deaths respectively, also show an upward trend. This data underscores a growing concern about speeding-related accidents across these counties.

Fatalities in Crashes Involving an Alcohol-Impaired Driver by County

In Colorado, road fatalities involving alcohol-impaired drivers have been recorded across various counties from 2021 to 2023, with El Paso County showing the highest numbers over the three years, totaling 61 fatalities. Denver follows with a total of 53 fatalities, while Weld County and Adams County have recorded 45 and 44 fatalities, respectively.

Colorado Road Fatality Involving an Alcohol-Impaired Driver by County

Jefferson and Arapahoe counties both reported a total of 41 and 38 fatalities, respectively. Larimer County’s total stands at 31, with Pueblo County reporting 16 fatalities, and Garfield, Boulder, and Douglas counties have notably lower totals of 15, 12, and 12, respectively.

Teen Drinking and Driving

In 2016, Colorado law enforcement arrested 217 teenagers (under the age of 18) for drunk driving. This number places Colorado as the 7th worst state in the U.S. for underage drinking and driving.

Below are the facts concerning underage (under 21 years old) drinking-related fatalities:

• 1.2 fatalities per 100,000 people in Colorado
• 1.2 fatalities per 100,000 people national average

These statistics highlight a critical issue that demands ongoing attention and action to protect young lives and reduce underage drinking and driving incidents. Check out more information on our “Can getting speeding tickets or a DUI cancel my car insurance?”

EMS Response Time

If you or someone you know is in an accident, you want help to arrive as FAST as possible. Check out the response times for emergency personnel in rural and urban areas. In Colorado, there is a notable disparity between rural and urban Emergency Medical Services (EMS) response and transport times.

Rural vs. Urban EMS Response and Transport Times in Colorado

Rural areas see a much longer total time from crash to hospital arrival, averaging 48.96 minutes, compared to 28.16 minutes in urban areas. Specifically, it takes about 7.33 minutes for EMS notification in rural regions, with an additional 12.01 minutes for EMS arrival and 36.68 minutes for transport to the hospital.

In urban areas, EMS notification is quicker at 1.33 minutes, with arrival at the scene taking 5.09 minutes and transport to the hospital averaging 22.23 minutes. This underscores the extended delays and challenges in rural emergency care compared to urban settings.

Summary: Navigating Colorado’s Car Insurance Landscape

Finding affordable car insurance rates in Colorado involves comparing quotes from various providers to secure the best rate. USAA, Geico, and State Farm are top contenders for budget-friendly options with strong coverage and customer service. Keep in mind the factors influencing your rates, such as age, driving record, and location.

Utilize discounts and adjust coverage levels to further reduce costs. By thoroughly researching and comparing, you can ensure you’re getting the most value for your insurance dollar. Our free quote comparison tool allows you to shop for quotes from the top providers near you by entering your ZIP code below.