Looking for cheap auto insurance in Colorado? You have many options. Geico, Southern Farm Bureau, USAA, State Farm, and Nationwide offer the best rates. The average cost for full-coverage car insurance in Colorado is $2,173 a year or $181 a month.
This is a bit higher than the national average. But, Colorado drivers can still find ways to get low-cost coverage.
The average cost for state minimum coverage is $566 a year or $47 a month. This is 9% lower than the national average. By understanding Colorado’s car insurance rates and exploring different providers, drivers can find affordable options that fit their needs and budget.
Key Takeaways:
- Geico, Southern Farm Bureau, USAA, State Farm, and Nationwide offer the cheapest car insurance rates in Colorado.
- The average cost of a full-coverage car insurance policy in Colorado is $2,173 per year, higher than the national average.
- The average cost of state minimum coverage in Colorado is $566 per year, 9% lower than the national average.
- Colorado drivers can save up to $2,542 per year on car insurance by comparing quotes.
- Drivers in Colorado can find affordable car insurance options by understanding the market and exploring different providers.
The Cheapest Car Insurance Companies in Colorado
Finding cheap car insurance in Colorado can be tough. But, we’ve found the top providers with the lowest rates. Geico, Southern Farm Bureau, USAA, State Farm, and Nationwide are the cheapest options.
Big insurers like Geico, State Farm, Nationwide, Progressive, and Allstate offer the lowest rates. Mid-size companies such as Southern Farm Bureau, Auto-Owners Insurance, and American Family Insurance also have great deals.
Geico is the cheapest for full coverage in Colorado, with an average annual cost of $1,306 or $109 monthly. For basic coverage, Southern Farm Bureau is the best, costing about $275 yearly or $23 monthly.
| Insurance Provider | Average Annual Premium for Full Coverage | Average Monthly Premium for Full Coverage |
|---|---|---|
| Geico | $1,306 | $109 |
| Southern Farm Bureau | $1,673 | $139 |
| USAA | $1,759 | $147 |
| State Farm | $1,844 | $154 |
| Nationwide | $1,853 | $154 |
By looking at rates from these top cheapest auto insurance companies in Colorado, drivers can find the best affordable car insurance providers in Colorado for their needs.
Average Cost of Car Insurance in Colorado
In Colorado, the cost of auto insurance varies a lot. The typical yearly cost for full-coverage car insurance is $1,346 or $112 monthly. State minimum coverage costs about $602 yearly or $50 monthly. This is a bit lower than the national average of $633 yearly.
Full Coverage and Minimum Coverage Costs
Car insurance in Colorado comes in two types: full coverage and minimum coverage. Full coverage, which includes liability, collision, and comprehensive insurance, costs Colorado drivers an average of $1,346 yearly. Minimum coverage, on the other hand, averages about $602 yearly. This is about 9% less than the national average of $633 yearly.
| Coverage Type | Average Annual Cost in Colorado | Average Annual Cost Nationwide |
|---|---|---|
| Full Coverage | $1,346 | $2,329 |
| Minimum Coverage | $602 | $633 |
These figures show that Colorado’s full coverage rates are a bit higher than the national average. But, the state’s minimum coverage rates are more affordable.
Cheap Auto Insurance Colorado: Finding the Best Rates
Looking for affordable car insurance in Colorado means shopping around and comparing quotes. Our team has looked into the latest data from top insurers. We aim to help you find the cheapest options that fit your needs and budget.
Colorado Farm Bureau is a top choice for cheap car insurance in Colorado. They have some of the lowest rates, especially for good drivers with clean records. Our data shows they offer the cheapest car insurance in Colorado for many driving profiles.
GEICO is also great for affordable auto coverage in Colorado. They have the cheapest rates for 80-year-olds at about $170 a month. For 20-year-olds, Colorado Farm Bureau offers coverage for $195 a month on average.
Comparing Minimum and Full Coverage Costs
When looking for cheap insurance, consider both minimum and full coverage. American National has the cheapest minimum coverage for 30-year-olds at $21 a month.
For full coverage, Colorado Farm Bureau has the lowest rates. For 40-year-olds, the average monthly cost is $124. GEICO offers full coverage for 50-year-olds at $154 a month.
Your age, driving history, credit score, and coverage level affect your insurance rates in Colorado. By comparing quotes from different insurers, you can find the most affordable coverage that meets your needs.
“Shopping around and comparing multiple quotes is the best way to find the cheapest car insurance in Colorado that suits your budget and coverage requirements.”
Cheapest Minimum Liability Coverage in Colorado
Looking for affordable car insurance in Colorado can really help. American National P&C offers the lowest cost minimum liability car insurance colorado at about $283 a year. Colorado Farm Bureau is close behind with a yearly cost of $284 for best prices for state minimum coverage in colorado.
At the other end, Farmers Union Insurance has the highest cost at $1,019 a year. This shows how different insurers can charge for the same basic coverage.
| Insurance Provider | Average Yearly Premium for Minimum Liability Coverage |
|---|---|
| American National P&C | $283 |
| Colorado Farm Bureau | $284 |
| Geico | $315 |
| State Farm | $377 |
| Auto-Owners Insurance | $398 |
| Nationwide | $422 |
| Farmers Union Insurance | $1,019 |
Choosing the lowest cost minimum liability car insurance colorado from American National P&C or Colorado Farm Bureau is smart. It helps drivers meet Colorado’s minimum coverage needs without spending too much. This can save money for other important things.
Cheapest Full Coverage Auto Insurance in Colorado
Finding affordable full coverage car insurance in Colorado is key for drivers who want good protection without spending too much. Geico is often the cheapest full-coverage car insurance policy in Colorado, costing $109 a month or $1,306 a year.
Other great options for low-cost full coverage auto insurance in Colorado are State Farm, Southern Farm Bureau, Nationwide, and Auto-Owners Insurance. To get the lowest premiums for comprehensive and collision coverage in Colorado, compare quotes from these trusted insurers. Think about your driving history, the type of vehicle you have, and any discounts you might get.
Top Providers and Average Rates
Here’s a table to help you see the most affordable full coverage car insurance options in Colorado. It shows the top providers and their average yearly rates:
| Insurance Provider | Average Annual Rate for Full Coverage |
|---|---|
| Geico | $1,306 |
| State Farm | $1,414 |
| Southern Farm Bureau | $1,492 |
| Nationwide | $1,543 |
| Auto-Owners Insurance | $1,584 |
By looking at these most affordable full coverage car insurance options in Colorado, drivers can choose wisely. They can find the lowest premiums for comprehensive and collision coverage that suit their budget and needs.
Affordable Car Insurance for Specific Driver Profiles
Finding cheap auto insurance colorado for young drivers, seniors, and those with prior incidents is key. Young drivers in Colorado often pay more for car insurance than adults.
For 16-year-olds, the cheapest full-coverage plan is with Southern Farm Bureau, costing about $303 a month. 17-year-olds can get the lowest rates, also with Southern Farm Bureau, at $231 a month.
As drivers get older, their insurance costs go down. Geico has the best rates for 19- and 25-year-olds in Colorado, costing $1,926 and $1,453 a year, respectively. Geico also has the cheapest full-coverage for seniors in Colorado, at $1,205 a year.
| Driver Profile | Cheapest Provider | Average Monthly Premium |
|---|---|---|
| 16-year-old | Southern Farm Bureau | $303 |
| 17-year-old | Southern Farm Bureau | $231 |
| 19-year-old | Geico | $160.50 |
| 25-year-old | Geico | $121.08 |
| Senior (60+) | Geico | $100.42 |
Drivers with prior incidents, like accidents or traffic violations, face a tough time finding affordable insurance in Colorado. But, companies like American National P&C, Colorado Farm Bureau Mutual, and Geico offer good rates for them.
“Navigating the complexities of car insurance can be daunting, but with the right information and research, drivers in Colorado can find affordable coverage that meets their unique needs.”
Cheap Auto Insurance Colorado: City-Based Rates
Looking for cheap car insurance in Colorado can be tricky. The state’s different places and people affect rates a lot. Rates change a lot from city to city because of things like how many people live there, how much traffic there is, and crime rates.
To get the best affordable coverage options in different Colorado locations, compare quotes from many insurers in your area. When looking at car insurance rates in cities, consider these things:
- Places like Denver and Colorado Springs have higher rates because of more traffic and accidents.
- Small towns usually have lower rates because they have fewer claims and less risk.
- Areas with more crime or car theft have higher rates to cover the extra risk.
- Places with lots of young, new drivers can have higher rates too.
| City | Average Annual Minimum Coverage | Average Annual Full Coverage |
|---|---|---|
| Denver | $512 | $1,159 |
| Colorado Springs | $437 | $1,032 |
| Aurora | $473 | $1,087 |
| Lakewood | $465 | $1,071 |
| Pueblo | $398 | $931 |
Knowing the car insurance prices by city in Colorado helps drivers find good deals. By shopping around, you can get the right coverage without spending too much.
Discounts for Cheaper Car Insurance in Colorado
Getting affordable car insurance in Colorado is easier with the right discounts. These discounts help drivers save money on their auto coverage. They also make cost-effective protection for their vehicles more accessible.
One popular discount is the good driver discount. It rewards drivers with clean records. Keeping a clean driving history can lead to big savings on insurance. Also, good student discounts are there for young drivers who do well in school. These discounts help lower the cost for this age group.
- Safe vehicle discounts: Cars with safety features like anti-lock brakes and airbags can get you discounts.
- Defensive driving course discounts: Taking a defensive driving course can also save you money with many insurers in Colorado.
- Home and auto bundle discounts: Combining your car and home insurance can lead to big savings on both.
Knowing about car insurance discounts in Colorado and ways to save money on auto coverage in Colorado helps drivers get the best rates. Reviewing your options and looking for discounts can lead to cheaper insurance. This way, you can get the most affordable car insurance in Colorado.
| Discount Type | Average Savings |
|---|---|
| Good Driver | Up to 25% |
| Good Student | Up to 20% |
| Safe Vehicle | Up to 15% |
| Defensive Driving Course | Up to 10% |
| Home and Auto Bundle | Up to 20% |
“By taking advantage of applicable discounts, Colorado drivers can significantly reduce their auto insurance costs and enjoy more affordable coverage.”
Conclusion
Drivers in Colorado can find affordable car insurance by comparing quotes from top providers. Companies like Geico, Southern Farm Bureau, USAA, State Farm, and Nationwide offer good options. Understanding what affects rates, such as coverage level and discounts, helps make better choices.
Car insurance in Colorado Springs costs about $54 a month for the minimum coverage. Full coverage is around $202 a month. Younger drivers pay more. Southern Farm Bureau has the cheapest liability insurance for good drivers, and Geico is best for full coverage.
In Denver, minimum coverage is about $61 a month, and full coverage is $208. The best providers for coverage in Denver are Southern Farm Bureau, Geico, USAA, State Farm, and Nationwide. Getting a speeding ticket, causing an accident, or DUI can raise rates. It’s important for Colorado drivers to shop around and use discounts.
FAQ
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Source Links
- Cheapest Car Insurance in Colorado (2024) | LendingTree
- Cheap Car Insurance in Colorado for 2024
- Cheapest Car Insurance in Colorado (August 2024)
- Cheap Car Insurance in Colorado for August 2024 – NerdWallet
- Cheapest Car Insurance in Colorado
- Average Cost of Car Insurance in Colorado in 2024 | Bankrate
- How Much Is Car Insurance in Colorado? (August 2024)
- Get Cheap Car Insurance In Colorado 2024
- Colorado Car Insurance ~ Get Colorado Auto Insurance Quotes
- Cheapest Car Insurance in Colorado for 2024 | Bankrate
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