Finding affordable car insurance in Colorado gives drivers many choices. The average cost for full coverage is $2,293 yearly, or $191 monthly. For minimum coverage, it’s $547 yearly, or $46 monthly. By comparing quotes, Colorado residents can often find cheaper rates that meet their budget and needs.
Your age, driving history, coverage level, and location affect car insurance costs in Colorado. Younger drivers and those with a history of incidents pay more. But, older drivers with clean records can get the cheapest rates.
Key Takeaways
- The average full coverage car insurance rate in Colorado is $2,293 per year, or $191 per month.
- Minimum coverage car insurance in Colorado averages $547 per year, or $46 per month.
- Comparing quotes from multiple insurers is the best way to find the cheapest car insurance rates in Colorado.
- Age, driving history, coverage level, and location are the key factors that impact car insurance costs in Colorado.
- Younger drivers and those with prior incidents can expect to pay higher premiums.
Average Cost of Car Insurance in Colorado
The cost of car insurance in Colorado changes a lot. It depends on coverage, who drives the car, and where they live. The latest numbers show that a full-coverage policy costs about $2,173 a year or $181 a month. For the basic coverage, it’s $566 a year or $47 a month, which is 9% less than the national average.
The cheapest full-coverage insurance in Colorado is with Geico, State Farm, Nationwide, Progressive, and Allstate. For the basic coverage, Southern Farm Bureau, American National, and Geico have the lowest prices. Liability-only insurance is the cheapest, with Southern Farm Bureau at just $23 a month.
| Coverage Type | Average Annual Cost | Average Monthly Cost |
|---|---|---|
| Full Coverage | $2,173 | $181 |
| Minimum Coverage | $566 | $47 |
Car insurance in Colorado costs more than the national average. This is because of a growing population, higher repair costs, and more natural disasters like hail storms. In Aurora, Colorado, drivers pay the most for both full coverage ($3,647) and minimum coverage ($722).
“Geico, Southern Farm Bureau, and American National consistently offer the most affordable car insurance options in Colorado, regardless of coverage level or driver profile.”
Cheapest Car Insurance Companies in Colorado for Minimum Coverage
Looking for the cheapest car insurance in Colorado with minimum coverage? Our research shows some top choices. American National offers the cheapest minimum coverage at an average of $283 per year. Colorado Farm Bureau is close behind at $284 per year.
On the other end, Farmers Union Insurance has the highest cost at $1,019 per year. Remember, a minimum coverage policy in Colorado only covers basic liability for injuries and damage. You might want to think about getting full coverage for better protection.
| Insurance Company | Minimum Coverage Cost (Annual) |
|---|---|
| American National | $283 |
| Colorado Farm Bureau | $284 |
| Travelers | $454 |
| Geico | $529 |
| Farmers Union Insurance | $1,019 |
Whether you want the cheapest minimum car insurance in Colorado or a more comprehensive policy, comparing quotes is key. This helps you find the best coverage at a good price.
Cheapest Car Insurance Companies in Colorado for Full Coverage
Finding affordable full coverage car insurance in can be tough. But, many insurers offer good rates. American National P&C is a top choice with an average annual premium of just $721. Colorado Farm Bureau is close behind at $743 per year.
On the other end, Farmers Union Insurance has the highest full coverage costs in Colorado, at $2,180 annually. Full coverage insurance includes comprehensive and collision coverage, along with liability. This gives drivers more protection against various risks and costs.
| Insurance Company | Average Annual Premium for Full Coverage |
|---|---|
| American National P&C | $721 |
| Colorado Farm Bureau | $743 |
| Progressive | $1,585 |
| Geico | $1,786 |
| State Farm | $1,510 |
| Farmers Union Insurance | $2,180 |
By comparing quotes and adjusting coverage, Colorado drivers can find the cheapest full coverage car insurance. Your age, driving record, and vehicle type affect your premiums too.
cheapest car insurance colorado for Drivers with Prior Incidents
Finding affordable car insurance in Colorado is tough for drivers with past incidents like accidents or speeding tickets. Yet, some insurers offer lower rates for these high-risk drivers. Our analysis shows American National P&C is a top choice, with an average annual premium of $975 for drivers with prior incidents.
GEICO, Kemper, and Colorado Farm Bureau also offer cheap car insurance for Colorado drivers with accident or violation histories. These companies aim to provide competitive rates for high-risk drivers.
Drivers with past incidents pay much higher rates than those with clean records. Incident severity, frequency, and time since they happened affect premiums. So, finding the cheapest car insurance for drivers with prior incidents in Colorado is key to keeping costs down.
“Drivers with a history of accidents or violations can expect to pay significantly higher rates compared to those with clean records, so finding the cheapest available coverage is crucial.”
By comparing quotes from various insurers, Colorado drivers with prior incidents can find the most affordable options. This ensures coverage that meets their specific needs and driving habits.
Factors that Affect Car Insurance Rates for Drivers with Prior Incidents
- Severity and frequency of prior incidents (accidents, speeding tickets, DUIs, etc.)
- Time elapsed since the prior incident occurred
- Driver’s overall driving history and risk profile
- Geographic location within Colorado
- Vehicle type and coverage levels
- Credit score and other personal factors
Cheapest Car Insurance for Young Drivers in Colorado
For teen drivers in Colorado, Kemper offers the most affordable full coverage car insurance when added to a family policy. Kemper’s average annual premium is $1,393 for male teens and $2,015 for female teens. GEICO is the second cheapest option, with average rates of $2,215 for male teens and $2,103 for female teens. Farmers Insurance has the highest premiums for teen drivers in Colorado, costing an average of $4,465 per year for males and $4,206 per year for females. Teens can save a lot by being added to a family plan instead of buying their own policy.
Affordable Options for Young Drivers
Several insurers offer cheapest car insurance for young drivers colorado with competitive rates:
- American National P&C: $43.25/month
- GEICO: $57.10/month
- Colorado Farm Bureau Mutual: $79.33/month
- Cal Casualty: $101.88/month
- USAA: $102.09/month
These options give young drivers in Colorado affordable coverage choices. They help them save on their cheapest car insurance for teen drivers colorado.
“Kemper offers the cheapest full coverage car insurance for teen drivers in Colorado, with average annual premiums of $1,393 for males and $2,015 for females when added to a family policy.”
Cheapest Car Insurance Rates by City in Colorado
Car insurance rates in Colorado change a lot based on where you live. Urban areas like Denver and Colorado Springs usually have higher rates than rural areas. This is because of things like how many people live there, how often accidents happen, and the cost of living.
The city of Montrose has the lowest auto insurance rates in Colorado, with an average cost of $1,071 a year. Grand Junction, Durango, and Canon City also have lower rates, at $1,095, $1,110, and $1,116 respectively.
When looking for car insurance in Colorado, it’s smart to compare quotes from different companies. Think about your city or region to find the best deals. This way, you can save a lot on your car insurance each year.
| City | Average Annual Car Insurance Premium |
|---|---|
| Montrose | $1,071 |
| Grand Junction | $1,095 |
| Durango | $1,110 |
| Canon City | $1,116 |
The cheapest car insurance rates by city in Colorado can change a lot. Always shop around and compare quotes to get the best coverage for your needs and where you live.
Car Insurance Discounts in Colorado
If you drive in Colorado, you can save money on car insurance. By looking into different discounts, you can get cheaper coverage. Some discounts you might find include:
- Safe driver discount: If you have a clean driving record with no accidents or tickets, you could get this discount.
- Bundling discount: Buying auto and home insurance from the same company can save you a lot of money.
- Good student discount: Students with high grades might be able to get this discount.
- Defensive driving course discount: Taking a defensive driving course can lower your insurance costs.
- Military/veteran discount: If you’re in the military, a veteran, or a family member of one, you might get special discounts.
- Low mileage discount: If you drive less each year, you could save money with this discount.
Looking into these discounts can help Colorado drivers save on car insurance in colorado. This way, you can get more value for your money.
| Discount Type | Average Savings |
|---|---|
| Safe Driver | 5-25% |
| Bundling | 10-25% |
| Good Student | 10-15% |
| Defensive Driving | 5-10% |
| Military/Veteran | 10-15% |
| Low Mileage | 5-15% |
Using these car insurance discounts colorado residents can save a lot on their yearly premiums.
How to Get Cheap Car Insurance in Colorado
Finding cheap car insurance in Colorado is easy with some effort. Start by comparing quotes from different companies. Rates can change a lot between companies. So, it’s smart to get quotes from 3-4 providers to find the best deal.
Keeping a clean driving record is key to low insurance rates in Colorado. Avoiding accidents and traffic violations helps keep your rates down. Also, think about adjusting your coverage to balance protection and cost. While the minimum coverage is the cheapest, adding comprehensive and collision coverage can protect you more in an accident.
Don’t forget to look for ways to lower your car insurance costs in Colorado. You can save money with discounts for good driving, good grades, military service, and more. Raising your deductible can also cut your monthly premium. But make sure you can afford the extra costs if you need to file a claim.
FAQ
What is the average cost of car insurance in Colorado?
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Source Links
- Get Cheap Car Insurance In Colorado 2024
- Colorado Car Insurance ~ Get Colorado Auto Insurance Quotes
- Cheapest Car Insurance in Colorado
- Average Cost of Car Insurance in Colorado in 2024 | Bankrate
- Cheap Car Insurance in Colorado for August 2024 – NerdWallet
- Cheapest Car Insurance in Colorado for 2024 | Bankrate
- Cheapest Car Insurance in Colorado (2024) | LendingTree
- Colorado Car Insurance | Get a Quote | Liberty Mutual
- Best Car Insurance in Colorado (2024) – Policygenius++
