In a Nutshell
Are you getting the best price on your car insurance in Colorado? Whether you’ve got a spotless driving record or need a more customized solution, we’ve done the work to find the cheapest car insurance for minimum coverage in the Centennial State for several different driver profiles.Note from our editor: Maybe you’re searching for car insurance for the first time or want to do some insurance shopping to help lower your monthly premium? This article can serve as a starting point for your car insurance research. There are a lot of factors when it comes to the cost of car insurance, so while you may not see the exact premiums we’ve researched, they can give you an idea of some of the insurers offering the cheapest rates in your state.
Whether you’re craving stunning outdoor views or a vibrant food scene, Colorado delivers. And when you’re paying less for car insurance, you’ll have more money to spend on your next adventure.
We looked at estimated car insurance rates on basic coverage from a range of companies to calculate the average cost of car insurance in Colorado.
Unless otherwise noted, we based our calculations on a relatively neutral driver profile — no tickets, accidents or claims, for example — to evenly compare and get a baseline view of insurers’ rates (see our full methodology). Everyone’s different, so we also looked at other factors that affect car insurance, like your age, driving history and credit scores, to find affordable car insurance for several different drivers.
Read on to learn about Colorado’s average car insurance rates and our findings for the cheapest options on basic coverage in the state.
- Cheap car insurance in Colorado
- 5 cheapest car insurance companies in Colorado
- Cheapest state-minimum car insurance in Colorado
- Cheapest car insurance for good credit in Colorado
- Cheapest car insurance for poor credit in Colorado
- Cheapest car insurance for drivers with multiple claims in Colorado
- Cheapest car insurance for young drivers in Colorado
- Colorado auto insurance requirements
- Is usage-based insurance available in Colorado?
- FAQs about lowest car insurance rates in Colorado
- Methodology
Cheap car insurance in Colorado
Average monthly premiums for basic car insurance in Colorado range from just over $55 per month to nearly $140 per month, depending on the type of coverage and driver profile.
Average monthly auto insurance premiums in Colorado
| Driver or coverage | Avg. monthly cost |
|---|---|
| State-minimum car insurance in Colorado | $58.34 |
| Drivers with poor credit in Colorado | $91.60 |
| Drivers with multiple claims in Colorado | $138.33 |
| Young drivers in Colorado | $100.88 |
5 cheapest car insurance companies in Colorado
In most instances, American National P&C and Grange offered the cheapest insurance policies for Colorado drivers. For the five cheapest car insurance companies in Colorado, we calculated minimum-coverage rates based on a specific Colorado driver whose profile may differ from yours when it comes to factors like age or driving history (see full methodology).
Many factors work together to determine your insurance premium, so if that doesn’t describe you, head below, where we look at the cheapest car insurance on state-minimum coverage in Colorado for people with excellent and poor credit, as well as younger drivers.
1. American National P&C
Our Colorado driver profile could qualify for basic car insurance from American National P&C for as little as $23.58 per month. Optional coverages include 24-hour roadside assistance, gap insurance, and Added Coverage Endorsement, or ACE, which helps cover replacement parts. American National also offers several discount opportunities for bundling policies and remaining claim-free.
2. Grange
Headquartered in Ohio, Grange sells insurance exclusively through agents. Our Colorado driver profile could qualify for minimum car insurance through Grange for as little as $29.33 per month. Aside from the standard coverage options, Grange also offers uninsured/underinsured motorist coverage, roadside assistance and new car replacement. Drivers can also take advantage of OnTrack, Grange’s auto savings program that rewards drivers for tracking their safe-driving habits through their smartphones.
3. Colorado Farm Bureau Mutual
Colorado Farm Bureau Mutual offers car insurance for our Colorado driver profile for as little as $35.42 per month for basic auto coverage. The company employs agents throughout Colorado and offers home, business, farm and ranch, life and auto insurance. Plus, there’s an app that allows you to review your policies, report a claim, contact an agent, and request emergency roadside assistance 24 hours a day.
4. USAA
USAA offers insurance coverage to U.S. military members, as well as their spouses and children. Drivers like our Colorado profile could see rates for basic car insurance from USAA for $36.91 per month. USAA offers a wide range of discounts, including multipolicy and multicar discounts, an automatic payment discount, and a discount for storing your car in a garage on a military base. With the USAA SafePilot program, drivers can track their driving habits and save up to 30%.
Check out more reviews of USAA auto insurance.5. Geico
Our Colorado driver profile could see car insurance rates on basic coverage from Geico for as little as $41.61 per month. Geico offers an extensive list of discounts for vehicle equipment, driving habits, driver education, driver affiliations and loyalty. And in addition to typical full-coverage options, Geico also offers 24/7 roadside assistance, rental reimbursement and mechanical breakdown insurance.
Check out more reviews of Geico auto insurance.Cheapest state-minimum car insurance in Colorado
Sometimes, you just want the minimum coverage to keep your car legal. If that’s the case, you’re looking for Colorado’s state-minimum insurance.
We found five auto insurance companies that have the lowest estimated rates for drivers interested in state-minimum coverage only.
5 cheapest car insurance picks in Colorado for state-minimum coverage
| 1 | American National P&C | $23.58/month |
| 2 | Grange | $29.33/month |
| 3 | Colorado Farm Bureau Mutual | $35.42/month |
| 4 | USAA | $36.91/month |
| 5 | Geico | $41.61/month |
Cheapest car insurance for good credit in Colorado
Good credit can be a gateway to cheaper car insurance because companies may believe you to be less risky. Your driving record also makes a difference, so it’s best to have good credit and a history of no accidents or claims.
These five companies may provide the cheapest car insurance on basic coverage for Colorado drivers with good credit.
5 cheapest car insurance companies in Colorado for those with good credit
| 1 | American National P&C | $16.08/month |
| 2 | Grange | $26.50/month |
| 3 | Colorado Farm Bureau Mutual | $29.11/month |
| 4 | USAA | $32.63/month |
| 5 | Geico | $37.73/month |
Cheapest car insurance for poor credit in Colorado
Your credit isn’t the only factor insurance companies look at when determining the cost of your monthly premium, so if you have less-than-perfect credit, you can likely still find affordable car insurance.
If you’re still working on improving your credit scores, you may still find cheap car insurance on minimum coverage through these five companies.
5 cheapest car insurance companies in Colorado for those with poor credit
| 1 | Grange | $38.33/month |
| 2 | Geico | $49.24/month |
| 3 | Nationwide | $64.38/month |
| 4 | USAA | $65.61/month |
| 5 | Colorado Farm Bureau Mutual | $68.13/month |
Cheapest car insurance for drivers with multiple claims in Colorado
If you’ve made insurance claims in the past, they’ll show up in your loss history report, something insurers take into account when determining how much to charge for insurance. Drivers with multiple claims may pay slightly more for car insurance than those with no history of claims.
The following companies offer the most-affordable basic insurance for Colorado drivers with multiple claims.
5 cheapest car insurance companies in Colorado for multiple claims
| 1 | American National P&C | $43.92/month |
| 2 | Grange | $54.00/month |
| 3 | Colorado Farm Bureau Mutual | $56.08/month |
| 4 | American Family | $73.35/month |
| 5 | Geico | $97.81/month |
Cheapest car insurance for young drivers in Colorado
Insurance underwriting is all about risk, and many insurance companies believe younger drivers are riskier to insure than more-experienced drivers. As a result, younger drivers often pay a bit more for insurance.
The following companies have the lowest estimated rates on basic coverage for 18- to 21-year-old drivers.
5 cheapest car insurance companies in Colorado for young drivers
| 1 | American National P&C | $45.25/month |
| 2 | Geico | $57.60/month |
| 3 | Grange | $65.83/month |
| 4 | USAA | $70.91/month |
| 5 | Colorado Farm Bureau Mutual | $72.67/month |
Colorado auto insurance requirements
Colorado law requires $25,000 for bodily injury for one person in an accident and $50,000 for total bodily injury in an accident. It also requires $15,000 for property damage in any one accident. If you’re leasing your car, your lender may have additional liability requirements.
Is usage-based insurance available in Colorado?
Usage-based insurance (or UBI) is vehicle insurance that allows customers to pay premiums based on their driving behavior. Several companies offer usage-based insurance in Colorado.
FAQs about lowest car insurance rates in Colorado
For our Colorado driver profile, American National P&C and Grange offered the cheapest insurance policies for Colorado drivers.
Full-coverage auto insurance includes bodily injury, property damage, uninsured motorist, personal injury protection, collision and comprehensive coverages. Colorado mandates a minimum 25/50/15 auto insurance policy, which is not considered full coverage. However, your lender may require full coverage if you are financing your car.
Colorado has middle-of-the-road car insurance rates compared to the rest of the U.S. It may be slightly more expensive than average.
Methodology
This article’s estimated rates are the lowest based on the profile of a driver aged 36 to 45 living in Colorado. The rates displayed assume a single driver on the insurance policy with no tickets on their driving record and no claims or coverage lapses. The vehicle used in this estimate is valued between $20,000 and $30,000 and has annual mileage of 12,000 to 15,000.
Note that the rates are provided every six months by Quadrant Information Services. Quadrant Information Services doesn’t include all insurance companies in its rate data. These are estimated rates meant only to provide a frame of reference and comparison. Your rates may vary depending on a range of factors, such as your age, vehicle driving habits and history.
Average monthly premium for full coverage car insurance includes bodily injury, property damage, uninsured motorist, personal injury protection, collision and comprehensive coverages. Average monthly premium for state-minimum car insurance includes Colorado-mandated 25/50/15 policy. Estimated rates for insurance for good credit apply to scores 720 and above. Estimated rates for insurance for poor credit apply to scores from 350 to 579. Estimated rates for young drivers include those age 18 to 21. Estimated rates for those with multiple claims are calculated based on two claims.