Cheapest Car Insurance in Colorado

Learn more about our methodology and editorial guidelines.

Who Offers The Cheapest Car Insurance Rates In Colorado?

According to our rate data, Geico offers the cheapest full coverage insurance in Colorado, while Southern Farm Bureau offers the cheapest car minimum insurance coverage. For a year of Geico car insurance, you’ll pay around $337 for minimum liability and $1,306 for full coverage. With Southern Farm Bureau, you can expect to pay an average of $275 per year for a minimum liability policy and $1,673 for a full coverage plan.

Cheapest Car Insurance Rates In Colorado

Car insurance rates vary due to several factors, like your age, driving history and credit score. So, the cheapest rates for you will vary depending on your situation. Below we’ve listed the lowest rates for each category of coverage and driver profile we researched.

Cheapest Car in Colorado (by category)	Company	Average Monthly Premium
Minimum Liability Coverage	Southern Farm Bureau	$23
Full Coverage	Geico	$109
Young Drivers	Southern Farm Bureau***	$303**
Seniors	Geico	$101**
After a Speeding Ticket	State Farm	$145**
After an Accident	State Farm	$154**
After a DUI	State Farm	$145**
Bad Credit	Geico	$163**

More: Cheapest Car Insurance

---

Cheapest Car Insurance Companies In Colorado

In our research, we found that the five cheapest car insurance companies in Colorado are: 

1. Geico
2. Southern Farm Bureau
3. USAA
4. State Farm
5. Nationwide

You can click on any of the providers above to learn more or find out more about the state’s cheapest car insurance companies by large and medium-sized providers below.

Cheapest Large Insurance Companies in Colorado

According to J.D. Power, large insurers are ones that have written $4.5 billion or more in direct premiums for personal auto. Among the large car insurance companies, Geico, State Farm, Nationwide, Progressive and Allstate are the cheapest. You’ll find the lowest rates on average from these providers in the Centennial State.

ColoradoRank	Company	Minimum Coverage (Annual)	Full Coverage (Annual)	# Discounts	Cost Rating (Entire US)*
1.	Geico	$337	$1,306	12	9.1
2.	State Farm	$370	$1,623	16	9.3
3.	Nationwide	$537	$1,695	10	9.7
4.	Progressive	$645	$2,762	9	7.8
5.	Allstate	$794	$2,808	11	7.4
**	USAA	$319	$1,640	13	9.7
**USAA auto insurance is only available to military members, veterans and their families.

More: Largest Car Insurance Companies

Cheapest Mid-Size Insurance Companies in Colorado

J.D. Power defines mid-size insurers as those that have written between $1 and $4.499 billion in direct premiums for personal auto. For mid-size car insurance companies in Colorado, we found that Southern Farm Bureau, Auto-Owners Insurance and American Family Insurance provide the cheapest rates. You can compare their average premiums and cost ratings for each company below.

ColoradoRank	Company	Minimum Coverage (Annual)	Full Coverage (Annual)	# of Discounts	Cost Rating (US)
1.	Southern Farm Bureau	$275	$1,673	11	9.2
2.	Auto-Owners Insurance	$412	$2,145	12	8.6
3.	American Family Insurance	$963	$2,511	16	9.5

---

Cheapest Car Insurance Coverage in Colorado

Coverage level has a major impact on how much you will pay for car insurance. Many quotes from providers include estimates for minimum-liability and full-coverage car insurance. 

Below are the cheapest auto insurance options in Colorado for both coverage types that we found.

Cheapest Liability Car Insurance in Colorado

The cheapest liability car insurance our team could find for Colorado drivers was $23 per month for a minimum liability policy from Southern Farm Bureau.

Company	Average Monthly Rate	Average Annual Rate
Southern Farm Bureau	$23	$275
Geico	$28	$337
State Farm	$31	$370
Auto-Owners Insurance	$34	$412
Nationwide	$45	$537
USAA*	$27	$319
*USAA auto insurance is only available to military members, veterans and their families.

Read more: Cheapest Liability-Only Auto Insurance

Cheapest Full-Coverage Car Insurance in Colorado

Geico tends to offer the cheapest full-coverage car insurance policy on average in Colorado, costing $109 per month or $1,306 per year. 

Company	Average Monthly Rate	Average Annual Rate
Geico	$109	$1,306
State Farm	$135	$1,623
Southern Farm Bureau	$139	$1,673
Nationwide	$141	$1,695
Auto-Owners Insurance	$179	$2,145
USAA*	$137	$1,640
*USAA auto insurance is only available to military members, veterans and their families.

Read more: Cheapest Full-Coverage Car Insurance

---

Cheapest Car Insurance for Young Drivers in Colorado

Because they have less driving experience, young drivers often pay much more for car insurance than adults, according to our rate data. The series of tables below show the cheapest full-coverage car insurance for young drivers aged 16 through 25 in Colorado along with estimated monthly and annual costs.

Cheapest Colorado Car Insurance for 16-Year-Olds

Our research found that Southern Farm Bureau offers the cheapest rates on average for 16-year-old drivers in the state at $303 per month on average. 

Company	Average Monthly Rate	Average Annual Rate
Southern Farm Bureau	$303	$3,638
Geico	$419	$5,030
State Farm	$434	$5,205
Nationwide	$438	$5,252
Auto-Owners	$504	$6,052

Cheapest Colorado Car Insurance for 17-Year-Olds

On average, Southern Farm Bureau offers the cheapest car insurance estimates for 17-year-old drivers at $231 per month or $2,775 per year.

Company	Average Monthly Rate	Average Annual Rate
Southern Farm Bureau	$231	$2,775
State Farm	$328	$3,932
Geico	$344	$4,129
American Family Insurance	$387	$4,648
USAA*	$301	$3,606
*USAA auto insurance is only available to military members, veterans and their families.

Note: Costs were taken from 2022 information.

Cheapest Colorado Car Insurance for 18-Year-Olds

Based on our research, 18-year-old Colorado drivers can find cheap auto insurance through Southern Farm Bureau for $218 per month or $2,620 per year.

Company	Average Monthly Rate	Average Annual Rate
Southern Farm Bureau	$218	$2,620
Geico	$247	$2,958
State Farm	$290	$3,480
American Family Insurance	$352	$4,229
USAA*	$256	$3,075
*USAA auto insurance is only available to military members, veterans and their families.

Note: Costs were taken from 2022 information.

Cheapest Colorado Car Insurance for 19-Year-Olds

19-year-old Colorado drivers can find the cheapest rates through Geico for $161 per month or $1,926 per year.

Company	Average Monthly Rate	Average Annual Rate
Geico	$161	$1,926
Southern Farm Bureau	$207	$2,486
State Farm	$257	$3,079
Allstate	$280	$3,356
USAA*	$226	$2,707
*USAA auto insurance is only available to military members, veterans and their families.

Note: Costs were taken from 2022 information.

Cheapest Colorado Car Insurance for 21-Year-Olds

In the Centennial State, Geico offers the cheapest rates on average at $122 per month or $1,460 per year for a full coverage policy.

Company	Average Monthly Rate	Average Annual Rate
Geico	$122	$1,460
Southern Farm Bureau	$189	$2,268
State Farm	$202	$2,418
Nationwide	$227	$2,727
USAA*	$155	$1,865
*USAA auto insurance is only available to military members, veterans and their families.

Note: Costs were taken from 2022 information.

Cheapest Colorado Car Insurance for 25-Year-Olds

On average, Geico provides the cheapest car insurance estimates for an annual premium for 25-year-old drivers at $1,453 per year or $121 per month.

Company	Average Monthly Rate	Average Annual Rate
Geico	$121	$1,453
State Farm	$161	$1,932
Nationwide	$162	$1,944
Southern Farm Bureau	$173	$2,072
USAA*	$164	$1,971
*USAA auto insurance is only available to military members, veterans and their families.

---

Cheapest Car Insurance in Colorado for Seniors

On average, Geico provides the cheapest car insurance in Colorado for seniors with average annual rates of $1,205 for a full-coverage policy. The sections below will break down costs for auto insurance in the state for 65-75-year-old drivers.

Read More: Cheapest Car Insurance For Seniors

Cheapest Car Insurance in Colorado for 65-Year-Olds

Of the nation’s largest car insurance providers, we found that Geico offers affordable rates for drivers in their mid-60s, averaging $94 per month or $1,124 per year. 

Company	Average Monthly Rate	Average Annual Rate
Geico	$94	$1,124
State Farm	$116	$1,388
Nationwide	$126	$1,508
Southern Farm Bureau	$136	$1,637
USAA*	$101	$1,216
*USAA auto insurance is only available to military members, veterans and their families.

Note: Costs were taken from 2022 information.

Cheapest Car Insurance in Colorado for 75-Year-Olds

Drivers can generally find affordable car insurance premiums through companies like Geico, which costs an average of $107 per month or $1,286 per year.

Company	Average Monthly Rate	Average Annual Rate
Geico	$107	$1,286
State Farm	$130	$1,563
Nationwide	$147	$1,759
Southern Farm Bureau	$167	$2,005
USAA*	$119	$1,422
*USAA auto insurance is only available to military members, veterans and their families.

Note: Costs were taken from 2022 information.

---

Cheapest Car Insurance in Colorado for High-Risk Drivers

On average, State Farm provides the cheapest overall car insurance rates for bad driving records, according to our research. Geico generally offers the cheapest rates for drivers with poor credit. The sections below provide monthly and annual average full-coverage rates for drivers who fall into one of these categories.

Read More: Best Cheap Car Insurance For High-Risk Drivers

Cheapest Colorado Car Insurance for Drivers With a Speeding Ticket

Getting a speeding ticket can cause your rates to go up. However, you can still find affordable rates with State Farm, averaging $145 per month or $1,736 per year for a full-coverage policy.

Company	Average Monthly Rate	Average Annual Rate
State Farm	$145	$1,736
Southern Farm Bureau	$157	$1,884
Geico	$161	$1,929
Nationwide	$171	$2,048
USAA*	$170	$2,043
*USAA auto insurance is only available to military members, veterans and their families.

Cheapest Colorado Car Insurance for Drivers With a Recent Accident

If you’re found at-fault for a car accident, you may see higher rates for your auto premiums. You’ll likely find the cheapest rates with an accident on record with State Farm, at an average of $154 per month or $1,849 per year.

Company	Average Monthly Rate	Average Annual Rate
State Farm	$154	$1,849
Southern Farm Bureau	$169	$2,032
USAA	$195	$2,338
Geico	$207	$2,489
Nationwide	$219	$2,627
USAA*	$195	$2,338
*USAA auto insurance is only available to military members, veterans and their families.

Cheapest Colorado Car Insurance for Drivers With a DUI

If you have a DUI on your record, you’ll likely face much higher premiums. State Farm offers an average rate almost 80% less than the state average at $145 per month or $1,736 per year.

Company	Average Monthly Rate	Average Annual Rate
State Farm	$145	$1,736
Southern Farm Bureau	$163	$1,954
Geico	$206	$2,467
American Family Insurance	$250	$2,998
Nationwide	$280	$3,361

Cheapest Colorado Car Insurance for Drivers With Poor Credit

Insurers typically charge people with poor credit scores much higher rates on average than those with higher scores. Geico offers an average rate for Colorado drivers that is 10% less than this state average at $163 per month or $1,952 per year.

Company	Average Monthly Rate	Average Annual Rate
Geico	$163	$1,952
Nationwide	$200	$2,396
State Farm	$271	$3,247
Southern Farm Bureau	$279	$3,345
USAA*	$278	$3,330
*USAA auto insurance is only available to military members, veterans and their families.

---

How to Get Cheap Car Insurance in Colorado

As with any state, the best way to get cheap car insurance in Colorado is comparing rates from multiple providers and looking for deals in your area. We recommend speaking with an insurance agent to learn more about how to save on auto insurance in the state.

Cheap Car Insurance Quotes Colorado

When getting a car insurance quote from a provider, companies use a variety of factors to determine your rates.

The most significant factors that insurers use to determine car insurance costs in Colorado include:

• Your age
• Your location
• The gender listed on your driver’s license
• Your driving history
• Your credit score
• Your marital status
• The make, model, year and mileage of your vehicle
• The deductible you choose

Read More: Compare Car Insurance

Cheap Auto Insurance Quotes in Colorado by ZIP

Below, you can get personalized cheap auto insurance quotes for your location in Colorado.

Car Insurance Discounts in Colorado

The table below compares car insurance deals and discounts by top providers in the Centennial State, which we’ll discuss in further detail below.

Colorado Car Insurance Discounts	Southern Farm Bureau	Geico	State Farm	Auto-Owners	Nationwide
Multi-policy	✔	✔	✔	✔	✔
Multi-vehicle		✔	✔	✔
Safe driver		✔	✔		✔
Student	✔	✔	✔	✔	✔
Defensive driving	✔	✔	✔		✔
Driver training	✔	✔	✔
New vehicle		✔	✔
Car safety equipment		✔	✔	✔	✔
Loyalty	✔	✔
Military		✔

Here are more details about the standard auto insurance discounts:

• Multi-policy: Bundle two or more insurance policies with the same company, such as home and auto insurance
• Multi-vehicle: Insure multiple cars under the same policy or combine auto insurance policies
• Military: Applies whether you’re an active military member or veteran
• Senior: Typically applies to policyholders who are 55 and older
• Homeowners: If you own a home, you may qualify for this discount
• Good student: For college and high school students under 25 who maintain a B average in their courses
• Good driver: Applies to drivers with a clean driving record (no at-fault accidents, DUIs or speeding tickets in the last three years)
• Defensive driving: Those who take a defensive driving course tend to qualify for this discount
• Driver training: Get a discount by taking a driver education training course
• New car: Given to drivers who purchase a new car, typically three model years or newer
• Safe car: Applies if your vehicle has safety features like anti-theft technology
• Paperless: Receive a discount by opting to receive your documents through email
• Pay-in-full: Save on your car insurance premium by paying your policy in full up front

---

Best Cheap Car Insurance in Colorado

The cheapest car insurance companies in Colorado include Southern Farm Bureau, Geico, State Farm, Auto-Owners and Nationwide, according to our research. Below, we go into further detail on each company’s offerings, reputation, customer ratings and history.

---

Average Car Insurance Cost in Colorado

Drivers in the Centennial State pay slightly higher rates for car insurance compared to those in other states. Our research found that the average estimated rate for full-coverage car insurance in Colorado is $2,173 per year or $181 per month, based on the profile of an unmarried 35-year-old driver with a good credit score and a clean driving record. That’s about 8% higher than the national average of $2,008 per year.

Read More: Average Car Insurance Cost

Colorado Car Insurance Cost by Age

Below you can compare average rates for drivers from 16-55 in the state:

Age	Average Monthly Rate	Average Annual Rate
16	$704	$8,453
25	$211	$2,535
35	$181	$2,173
45	$174	$2,087
55	$161	$1,935

Colorado Auto Insurance Costs by City

Colorado insurance rates vary by city to account for different risk factors. Typically, drivers in urban areas pay higher rates than those in rural areas. This table shows the average rate estimates, according to our research, for several Colorado cities based on the profile of an unmarried 35-year-old driver with good credit and a clean driving record.

City in Colorado	Estimated Monthly Cost	Estimated Annual Cost
Grand Junction	$102	$1,225
Loveland	$114	$1,373
Lafayette	$119	$1,429
Longmont	$119	$1,433
Fort Collins	$120	$1,441
Broomfield	$122	$1,463
Boulder	$124	$1,493
Littleton	$126	$1,517
Greeley	$128	$1,532
Westminster	$128	$1,541
Brighton	$129	$1,547
Arvada	$130	$1,563
Centennial	$131	$1,570
Thornton	$132	$1,580
Highlands Ranch	$132	$1,586
Northglenn	$133	$1,593
Parker	$138	$1,652
Commerce City	$138	$1,653
Castle Rock	$138	$1,660
Security-Widefield	$143	$1,715
Denver	$145	$1,740
Pueblo	$145	$1,745
Lakewood	$146	$1,753
Aurora	$149	$1,783
Colorado Springs	$150	$1,797

Note: Costs were taken from 2022 information.

Colorado Car Insurance Rates vs. Other States

It’s typically more expensive to get car insurance in Colorado than in many other states. Below you can compare average rates for Colorado vs. other states.

State	Average Annual Minimum-Liability Premium	Average Annual Full-Coverage Premium
Alabama	$502	$1,775
Alaska	$486	$1,685
Arizona	$635	$2,008
Arkansas	$451	$2,038
California	$602	$2,313
Colorado	$566	$2,173
Connecticut	$980	$1,919
Delaware	$1,194	$2,881
Florida	$1,385	$3,244
Georgia	$680	$1,973
Hawaii	$529	$1,656
Idaho	$378	$1,402
Illinois	$441	$1,541
Indiana	$432	$1,587
Iowa	$274	$1,563
Kansas	$475	$1,918
Kentucky	$682	$2,522
Louisiana	$925	$3,040
Maine	$380	$1,238
Maryland	$901	$1,833
Massachusetts	$754	$2,430
Michigan	$1,360	$3,643
Minnesota	$481	$1,766
Mississippi	$453	$1,658
Missouri	$560	$2,104
Montana	$398	$1,979
Nebraska	$356	$1,871
Nevada	$1,283	$2,788
New Hampshire	$415	$1,362
New Jersey	$1,332	$2,513
New Mexico	$536	$1,943
New York	$870	$2,088
North Carolina	$469	$1,627
North Dakota	$445	$1,916
Ohio	$536	$1,599
Oklahoma	$516	$2,278
Oregon	$953	$1,925
Pennsylvania	$437	$1,981
Rhode Island	$1,036	$2,357
South Carolina	$701	$1,845
South Dakota	$328	$2,291
Tennessee	$404	$1,524
Texas	$683	$2,205
Utah	$732	$1,928
Vermont	$310	$1,199
Virginia	$545	$1,781
Washington	$561	$1,616
Washington D.C.	$686	$2,218
West Virginia	$604	$2,177
Wisconsin	$408	$1,694
Wyoming	$308	$1,702

---

Colorado Car Insurance Requirements

Colorado law requires drivers to carry liability car insurance. This insurance covers other drivers and their passengers and other vehicles in accidents that you cause. Colorado drivers need to purchase the following state minimum required coverage and coverage limits:

• Bodily injury liability: $25,000 per person and $50,000 per accident
• Property damage liability: $15,000 per accident

Minimum Personal Colorado Auto Insurance Requirements

When you shop for car insurance in Colorado, you’ll see these limits written as 25/50/15. These policies, which only fulfill the minimum requirements, are typically the cheapest auto insurance policies. However, they do not cover you or your vehicle in an accident. If you’re looking for more complete insurance coverage, we recommend looking into a full-coverage policy, which can cover:

• Collision coverage
• Comprehensive coverage
• Medical payments (MedPay)
• Uninsured motorist/underinsured motorist coverage (UM/UIM)

Colorado Commercial Auto Insurance Requirements

If you own a business, you are required to have commercial auto insurance coverage that depends on the weight of the vehicle and it’s use:

• 1-8 people: $500,000 CSL
• 9-15 people: $1.5 million CSL
• 16-32 people: $3 million CSL
• 33 or more people: $5 million CSL

For home or vehicle movers, requirements are:

• Less than 10,000 pounds: $300,000 CSL
• 10,000 pounds or more: $750,000 CSL
• Towing carriers: $750,000 CSL

Is It Illegal To Drive Without Car Insurance in Colorado?

Driving without adequate car insurance in Colorado is considered a Class 1 misdemeanor offense. If you are caught, you could face at least $500 and up to $1,000 in fines, up to 40 hours of community service and up to one year in jail. These penalties increase if you get caught again.

Being caught driving without car insurance in Colorado can also earn you four points on your license. Your driver’s license may also be suspended. If that’s the case, you may need to file an SR-22 certificate.

How To Get Car Insurance in Colorado

We recommend drivers reach out to Geico, State Farm and Nationwide for car insurance quotes. USAA is also a smart choice for military members, veterans and their families, as it generally offers some of the lowest car insurance rates in the state for those who qualify.

Whether you’re shopping around or need car insurance coverage, the best thing you can do is reach out to companies to compare car insurance quotes. Each provider weighs factors differently, so you will likely find varying rates depending on the company.

---

Cheap Car Insurance in Colorado: The Bottom Line

In this article, we reviewed the auto insurance companies with some of the cheapest coverage and rates in the state of Colorado. We also looked at the average cost of car insurance and coverage requirements in the Centennial State. While we’ve found that Geico is the best cheap car insurance company in Colorado, we encourage you to gather quotes from multiple providers on our top-rated list to find the best price for your car.

---

Cheapest Car Insurance in Colorado: FAQ

Below are some frequently asked questions about cheap car insurance in Colorado:

How much is the average car insurance per month in Colorado?

According to our research, Colorado drivers pay an average of $181 per month or $2,173 per year for a full-coverage car insurance policy. This is about 8% higher than the national average. For state minimum liability coverage, the average cost of car insurance is $47 per month or $566 per year, making it 10% lower than the national average.

What is the lowest form of car insurance?

Liability-only car insurance is the minimum coverage required by most states, which is why it’s typically the cheapest type of car insurance overall. Most liability-only policies include bodily injury liability and property damage liability, which pay for damages and injuries to other drivers and their passengers in an accident. With this coverage, neither you nor your vehicle are covered.

What is the average cost of car insurance in Colorado?

Our research shows that the average cost of car insurance in Colorado is $2,173 per year. However, your car insurance quote will depend on your situation and vehicle.

Are car insurance rates high in Colorado?

Colorado car insurance rates are 8% higher than the national average. However, depending on the city you live in, rates in Colorado can be higher in more densely populated areas with more drivers and accidents.

What do I need to do to register my car in Colorado?

To register your vehicle in Colorado, you will need your title, identification information, proof of Colorado Vehicle Emissions and proof of insurance. If your car was titled in another state, you must complete a vehicle identification number (VIN) verification.

Does Colorado require car inspections?

Colorado drivers are required to complete an emissions inspection each time a vehicle changes ownership. In some cases, you may be required to complete an emissions test for your registration renewal card. Also, if your vehicle is six model years old or older, you must receive an emissions test once every year to every five years.

---

Our Methodology

Because consumers rely on us to provide objective and accurate information, we created a comprehensive rating system to formulate our rankings of the best car insurance companies. We collected data on dozens of auto insurance providers to grade the companies on a wide range of ranking factors. The end result was an overall rating for each provider, with the insurers that scored the most points topping the list.

Here are the factors our ratings take into account:

• Cost: Auto insurance rate estimates generated by Quadrant Information Services and discount opportunities were both taken into consideration.
• Coverage: Companies that offer a variety of choices for insurance coverage are more likely to meet consumer needs.
• Reputation and experience: Our research team considered market share, ratings from industry experts and years in business when giving this score.
• Availability: Auto insurance companies with greater state availability and few eligibility requirements scored highest in this category.
• Customer experience: This score is based on volume of complaints reported by the NAIC and customer satisfaction ratings reported by J.D. Power. We also considered the responsiveness, friendliness and helpfulness of each insurance company’s customer service team based on our own shopper analysis.

Our credentials:

• 800 hours researched
• 45 companies reviewed
• 8,500+ consumers surveyed

*Data accurate at time of publication.