Cheap Colorado Auto Insurance in 2024 (Cash Savings With These 10 Companies)
State Farm, Geico, and Liberty Mutual are the top suppliers of cheap Colorado auto insurance, with monthly premiums as low as $28. If you're a driver seeking for fair prices, extensive coverage, and first-rate customer service, these companies are the ones for you. Get your quote now.
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Tim Bain
Licensed Insurance Agent
Tim Bain is a licensed insurance agent with 23 years of experience helping people protect their families and businesses with the best insurance coverage to meet their needs. His insurance expertise has been featured in several publications, including Investopedia and eFinancial. He also does digital marking and analysis for KPS/3, a communications and marking firm located in Nevada.
Licensed Insurance Agent
UPDATED: Oct 25, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Oct 25, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
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19,116 reviewsCompany Facts
Min. Coverage in Colorado
A.M. Best Rating
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Pros & Cons
19,116 reviews
3,607 reviewsCompany Facts
Min. Coverage in Colorado
A.M. Best Rating
Complaint Level
3,607 reviewsState Farm, Geico, and Liberty Mutual are the best providers of cheap Colorado auto insurance for drivers seeking reasonable rates, comprehensive coverage, and excellent customer service, with monthly premiums as low as $28.
Because of its center location and being among the top ten states in the union, the state is connected by all main east-west roads. Colorado is crossed by five interstate highways and over fifteen federal routes. With that much room on the road, understanding auto insurance is undoubtedly necessary.
Our Top 10 Company Picks: Cheap Colorado Auto Insurance| Company | Rank | Monthly Rates | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 | #1 | $28 | B | Customer Service | State Farm |
 | #2 | $29 | A++ | Cheap Rates | Geico |
 | #3 | $30 | A | Customizable Policies | Liberty Mutual |
 | #4 | $32 | A+ | Vanishing Deductible | Nationwide |
 | #5 | $35 | A | Costco Members | American Family |
 | #6 | $36 | A+ | Qualifying Coverage | Progressive |
 | #7 | $49 | A | Safe Drivers | Farmers |
 | #8 | $50 | A+ | Claims Satisfaction | Allstate |
 | #9 | $57 | A++ | High-Risk Drivers | Kemper |
 | #10 | $63 | A | High-Risk Coverage | The General |
In this article, we’ll walk you through each law and compare quotes for Colorado auto insurance. We may also assist you if you’re prepared to get Colorado vehicle insurance. Enter your ZIP code above to receive free quotes.
- The typical monthly rate for full coverage auto insurance in Colorado is $28
- Colorado drivers must carry a coverage of 25/50/15
- Compare quotes from leading insurers to maximize your savings
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#1 – State Farm: Top Overall Pick
Pros
- Affordable Rates: State Farm offers some of the cheapest Colorado auto insurance rates starting at $28 per month, providing significant savings for many drivers. Delve more through our State Farm insurance review.
- Wide Availability: Its extensive network of agents and branches across Colorado makes it easy to access cheap Colorado auto insurance and personalized service.
- Strong Customer Service: Known for high customer service ratings, making the process of obtaining and managing cheap Colorado auto insurance smooth and reliable.
Cons
- Higher Premiums for Some: Drivers with poor credit or a history of claims may face higher premiums, impacting the affordability of cheap Colorado auto insurance.
- Claims Processing Delays: Some customers experience slower claims processing, which can affect the overall value of cheap Colorado auto insurance.
#2 – Geico: Best for Cheap Rates
Pros
- Low Premiums: Geico is well-known for offering some of the cheapest Colorado auto insurance rates, starting at $29 per month, ideal for budget-conscious drivers.
- User-Friendly Technology: Its advanced online platform and mobile app make managing cheap Colorado auto insurance easy and convenient. Read more through our Geico insurance review.
- Discount Opportunities: Provides various discounts, including those for good drivers and military personnel, making cheap Colorado auto insurance even more affordable.
Cons
- Limited Personal Interaction: Predominantly online and phone-based services may lack the personal touch, which can be a drawback when seeking cheap Colorado auto insurance.
- Variable Customer Service: Mixed reviews on customer service and claims handling can impact the overall experience of securing cheap Colorado auto insurance.
#3 – Liberty Manual: Best for Customizable Policies
Pros
- Customizable Policies: Liberty Mutual offers a range of customizable coverage options starting at $30 per month, allowing for affordable cheap Colorado auto insurance tailored to individual needs.
- Discounts for Bundling: Significant savings are available when bundling auto with home or other insurance policies, enhancing the affordability of cheap Colorado auto insurance.
- Comprehensive Coverage Options: Features like accident forgiveness and new car replacements add value to its cheap Colorado auto insurance policies. Explore more about this through our Liberty Mutual auto insurance review.
Cons
- Higher Rates for Some Drivers: Drivers with a history of claims or poor credit may face higher premiums, affecting the cost-effectiveness of cheap Colorado auto insurance.
- Complex Policy Terms: Some customers find policy details complicated, which can make understanding cheap Colorado auto insurance options more challenging.
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#4 – Nationwide: Best for Vanishing Deductible
Pros
- Competitive Pricing: Nationwide offers cheap Colorado auto insurance with rates starting at $32 per month, providing affordability for various drivers.
- Vanishing Deductible: Unique feature where your deductible decreases for each year of safe driving, adding value to cheap Colorado auto insurance policies.
- Customizable Coverage Options: Provides a range of coverage options and add-ons, enhancing the flexibility and affordability of cheap Colorado auto insurance.
Cons
- Higher Premiums for Some Drivers: Rates may be elevated for high-risk drivers, impacting the cost-effectiveness of cheap Colorado auto insurance. Gain further insights with our Nationwide insurance review.
- Complex Policy Details: Some customers find navigating policy details and options challenging, which can affect their experience with cheap Colorado auto insurance.
#5 – American Family Insurance: Best for Costco Members
Pros
- Affordable Coverage: American Family offers competitive rates starting at $35 per month, providing cheap Colorado auto insurance for many drivers.
- Discounts for Costco Members: Additional savings are available for Costco members, making cheap Colorado auto insurance even more cost-effective.
- Personalized Service: Known for tailored customer service, improving the experience of obtaining cheap Colorado auto insurance.
Cons
- Higher Premiums for Some: Premiums may be higher for certain drivers, impacting the overall affordability of cheap Colorado auto insurance.
- Limited Digital Tools: Fewer online tools and resources compared to some competitors may reduce convenience for managing cheap Colorado auto insurance. Discover more through American Family auto insurance review.
#6 – Progressive: Best for Qualifying Coverage
Pros
- Cost-Effective Policies: Progressive offers affordable rates starting at $36 per month, making it a strong option for cheap Colorado auto insurance. Find out more through our Progressive insurance review.
- Snapshot Program: Provides discounts through the Snapshot program for safe driving, enhancing the value of cheap Colorado auto insurance.
- Comprehensive Online Tools: Features a robust online platform for managing cheap Colorado auto insurance and filing claims easily.
Cons
- Claims Processing Issues: Some customers experience delays and issues with claims, which can impact the perceived value of cheap Colorado auto insurance.
- Variable Customer Service: Mixed reviews on customer service can affect overall satisfaction with cheap Colorado auto insurance.
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#7 – Farmers Insurance: Best for Safe Drivers
Pros
- Affordable Rates: Farmers offer competitive monthly rates starting at $49, providing affordable cheap Colorado auto insurance options.
- Customizable Policies: A wide range of coverage options and add-ons allows for tailored cheap Colorado auto insurance that meets individual needs. See our review of Farmers auto insurance review to learn more.
- Good Customer Service: Generally positive reviews for customer service enhance the experience of obtaining cheap Colorado auto insurance.
- Strong Financial Stability: A.M.’s Best rating of A reflects Farmers’ robust financial backing, supporting its cheap Colorado auto insurance policies.
Cons
- Higher Rates for High-Risk Drivers: Premiums can be elevated for drivers with poor credit or a history of claims, affecting the cost-effectiveness of cheap Colorado auto insurance.
- Mixed Claims Experience: Some customers report issues with claims processing, which can impact the overall value of cheap Colorado auto insurance.
#8 – Allstate: Best for Claims Satisfaction
Pros
- Variety of Coverage Options: Allstate offers a range of customizable coverage options starting at $50 per month, providing diverse choices for cheap Colorado auto insurance.
- Discounts for Bundling: Savings are available when bundling auto with other policies, enhancing the affordability of cheap Colorado auto insurance.
- Strong Claims Satisfaction: Positive reviews for claims satisfaction contribute to the overall value of cheap Colorado auto insurance. Get more information from this through our Allstate insurance review.
Cons
- Higher Premiums for Some Drivers: Rates may be higher for drivers with a history of claims or poor credit, impacting the affordability of cheap Colorado auto insurance.
- Complex Policy Terms: Some customers find the terms and conditions complex, making it harder to understand cheap Colorado auto insurance options.
#9 – Kemper: Best for High-Risk Drivers
Pros
- Affordable Coverage: Offers some of the cheapest Colorado auto insurance rates starting at $57 per month, making it a budget-friendly choice for many drivers.
- High-Risk Coverage: Specializes in providing coverage for high-risk drivers who might struggle to find affordable options elsewhere, offering cheap Colorado auto insurance to a broader audience.
- Flexible Payment Options: Provides various payment plans, including installment options, to accommodate different financial situations and make cheap Colorado auto insurance more accessible.
Cons
- Higher Rates for Low-Risk Drivers: While Kemper offers affordable rates for high-risk drivers, those with clean driving records may face higher premiums, which can be a disadvantage for those seeking the cheapest Colorado auto insurance. Take a look at our Kemper auto insurance review to learn more.
- Mixed Customer Reviews: Some customers report dissatisfaction with claims processing and customer service, which can affect overall satisfaction with cheap Colorado auto insurance.
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#10 – The General: Best for High-Risk Coverage
Pros
- Affordable Rates: Offers competitive pricing for cheap Colorado auto insurance, with rates starting at $63 per month, making it a cost-effective option.
- High-Risk Coverage: Specializes in providing coverage for high-risk drivers, making it a suitable choice for those seeking cheap Colorado auto insurance despite a challenging driving history.
- Flexible Payment Plans: Offers various payment options to accommodate different budgets, enhancing the affordability of cheap Colorado auto insurance.
Cons
- Higher Premiums for Some: Rates might be higher for drivers with a clean driving record, which can affect those seeking the cheapest Colorado auto insurance.
- Limited Coverage Options: This may offer fewer coverage options compared to competitors, which can be a drawback for those seeking more comprehensive cheap Colorado auto insurance solutions. Read more in our article called, “Affordable Instant Auto Insurance Quotes.”
Colorado Auto Insurance Rate Overview
Colorado stands out as one of the states with the cheapest auto insurance rates compared to the rest of the nation. While it’s common for insurance premiums in major cities to be higher than the national average, Colorado defies this trend.
Colorado Auto Insurance Monthly Rates by Coverage Level & Provider| Insurance Company | Minimum Coverage | Full Coverage |
|---|---|---|
| Allstate | $50 | $166 |
| American Family | $35 | $118 |
| Farmers | $49 | $163 |
| Geico | $29 | $94 |
| Kemper | $57 | $175 |
| Liberty Mutual | $30 | $92 |
| Nationwide | $32 | $107 |
| Progressive | $36 | $120 |
| State Farm | $28 | $94 |
| The General | $63 | $190 |
Statewide, the average cost of auto insurance in Colorado is less than $91, which is notably lower than the national average of approximately $120. This lower cost includes both urban and rural areas across the state.
Even in Denver, Colorado's largest city, the average insurance rate remains around $1,440, which is on par with the national average rather than exceeding it, as is typical in other large cities.Ty Stewart Licensed Insurance Agent
This means that drivers in Colorado can generally expect to pay less for auto insurance, whether they live in a rural area or a bustling city like Denver.
Colorado’s Auto Insurance Guidelines
In Colorado, all drivers must carry a minimum of $25,000 in bodily injury liability coverage per person, $50,000 per accident, and $15,000 for property damage. The state follows a tort system, meaning the at-fault driver and their insurance are responsible for covering damages.
While Colorado’s minimum requirements are similar to other states, the state benefits from having fewer weather-related fatal crashes, which can result in lower collision and comprehensive insurance costs.
Optional coverages such as medical payments, rental car coverage, and uninsured motorist protection are available for those seeking additional protection.
Auto insurance rates in Colorado are fairly average, with various factors like ZIP code, age, and gender influencing premiums. Enter your ZIP code now to begin comparing
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Company-Specific Auto Insurance Rates in Colorado
While Colorado generally offers low auto insurance rates compared to the national average, prices can vary significantly between insurance providers.
The largest companies, which dominate the market share in the state, often have different pricing structures based on various factors such as customer base, coverage options, and risk assessments.
Understanding which companies hold the most market share can provide insight into which providers are most trusted and potentially offer the best rates.
For drivers in Colorado, comparing rates between these major companies is crucial to finding the most cost-effective and comprehensive auto insurance coverage.
Accident and Theft Trends in Colorado
Colorado has seen a decrease in car accidents and fatalities since 2005, with 2009 fatalities dropping to 465 from 606 in 2005. The state’s fatality rate of 9.25 per 100,000 is below the national average of 11.01.
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Frequently Asked Questions
What are the average auto insurance rates in Colorado?
The average auto insurance rates in Colorado are less than the national average, with the statewide average being less than $91 per month. Even in major cities like Denver, the average rate is still around $120 per month.
What are the minimum auto insurance requirements in Colorado?
In Colorado, all drivers are required to meet the state’s minimum auto insurance coverage requirements. These include $25,000 for bodily injury per person, $50,000 for bodily injury per accident, and $15,000 for property damage per accident.
These minimum coverage amounts are established to ensure that drivers have sufficient liability coverage in the event of an accident they cause. Enter your ZIP code today.
Does Colorado offer any programs to assist low-income individuals with obtaining auto insurance?
Colorado has a program called the Colorado Automobile Insurance Plan (CAIP), which helps individuals who are unable to obtain auto insurance through traditional channels due to financial difficulties or other reasons.
CAIP assigns high-risk drivers to insurance companies that participate in the program, potentially offering auto insurance discounts for those who qualify.
Can I pay for my Colorado auto insurance policy in installments?
Many insurance companies in Colorado offer flexible payment options, including the possibility to pay for your auto insurance policy in installments. Check with your insurance provider to see if they offer this option and if there are any additional fees or requirements associated with it.
What should I do if I’m involved in an auto accident in Colorado?
If you’re involved in an auto accident in Colorado, take the necessary steps to ensure your safety and the safety of others involved. Exchange insurance information with the other driver(s), document the accident scene and report the incident to your insurance company.
It’s important to cooperate with law enforcement and seek medical attention if needed. Enter your ZIP code today.
Can I use auto insurance from another state if I move to Colorado?
If you move to Colorado, it’s generally required to obtain auto insurance that meets the state’s minimum requirements.
While some out-of-state policies may provide temporary coverage during a move, it’s advisable to contact an insurance provider in Colorado and update your policy to comply with the state’s regulations.
Colorado’s minimum coverage requirements are relatively modest, which helps keep premiums lower compared to states with higher minimum coverage levels, where premiums tend to be higher due to increased risk and coverage.
Which insurance companies are highlighted as providing the cheapest Colorado auto insurance, and what are their starting monthly rates?
The article highlights State Farm, Geico, and Liberty Mutual as offering the cheapest Colorado auto insurance, with rates starting at $28, $29, and $30 per month, respectively. Enter your ZIP code today.
How do Colorado’s lower accident and theft statistics contribute to the generally lower auto insurance premiums in the state?
Colorado’s decrease in car accidents and thefts, partly due to the implementation of anti-theft recovery systems, results in fewer claims and lower overall risk for insurers, contributing to lower auto insurance premiums in the state.
What are the advantages and disadvantages of using online tools versus in-person services for managing cheap Colorado auto insurance policies?
Online tools offer convenience and easy management, while in-person services provide personalized assistance but may be less accessible and require more time.
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Tim Bain
Licensed Insurance Agent
Tim Bain is a licensed insurance agent with 23 years of experience helping people protect their families and businesses with the best insurance coverage to meet their needs. His insurance expertise has been featured in several publications, including Investopedia and eFinancial. He also does digital marking and analysis for KPS/3, a communications and marking firm located in Nevada.
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
