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The state of Colorado had 4,066,580 licensed drivers in 2016, the last year for which data was available from the U.S. Federal Highway Administration. That means that there are plenty of people in Colorado who need auto insurance.

According to a study done by Quadrant Information Services on behalf of U.S. News, the average study rate for auto insurance is $1,556.74 in Colorado. There’s a lot of variation in that average rate, though, and we’ll take a closer look at the factors that affect the cost of car insurance for residents of Colorado. Important variables include age and gender, whether you live in an urban or a rural area, and habits that affect the type of risk you pose to an auto insurance company, such as credit score and driving habits.

Cheapest Car Insurance Companies in Colorado

The rates shown here are based on a study performed by Quadrant Information Services on behalf of U.S. News. The study examined rates from the largest car insurance companies in the United States, using certain driver profiles. Your rates will differ.

How We Found the Cheapest Car Insurance in Colorado

At U.S. News, we’re all about helping people make life’s important decisions. Our college rankings, launched in 1983, set the standard in educational rankings. Our rankings in other fields, like healthcare, government, and the automotive sphere, help people and thought leaders make choices that make lives better. Now we’re continuing to empower you with the information you need to make the right choices for your life with our Cheapest Car Insurance Rankings. 

Our Study Rates

For this study, U.S. News worked with Quadrant Information Services to analyze a report of insurance rates in all 50 states from the nine largest national car insurance companies, though not every company operates in every state. Quadrant obtained publicly available rate data that car insurers file with state regulators. Our study rates are based on profiles for both male and female drivers aged 25, 35, and 60. Vehicles used include the 2015 Honda Civic, 2015 Toyota RAV4, and 2015 Ford F-150, with annual mileage ranging from 6,000 and 12,000. Three car insurance coverage levels were used, as were credit tiers of good, fair, and poor. Clean driving records and records with one accident, one speeding violation, and one DUI were also used in the calculations of certain driver archetypes. 

To get the study rates shown here, we computed the mean rate for male and female drivers aged 25, 35, and 60 who drive 15,000 miles per year and have medium coverage, good credit, and a clean driving record. The rates shown here are for comparative purposes only and should not be considered “average” rates available by individual insurers. Because car insurance rates are based on individual factors, your car insurance rates will differ from the rates shown here. 

How Much Does Car Insurance Cost in Colorado?

See the Cheapest Car Insurance Companies

The data provided by Quadrant Information Services can help us help you figure out what to budget for car insurance as a resident of Colorado. This information reveals how rates differ among the state’s nine largest auto insurance companies based on customers’ demographics, annual mileage, driving habits, and location.

According to study data and our driver profiles, the average car insurance rate in Colorado is $1,556.74. Study data shows that our Colorado driver profiles have the highest average representative rates with Farmers, at $2,013.58, which is a 29% increase over the statewide average representative rate. American Family is close behind with a representative rate of $2,010.76, still 29% above average. The most affordable representative rates for our Colorado driver profiles are from USAA, at $1,063.00, and Geico, at $1,201.27. These study rates represent savings of 32% and 23% from the statewide average representative rate.

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Colorado Car Insurance Rates by Age

Company

25-year-old female

25-year-old male

35-year-old female

35-year-old male

60-year-old female

60-year-old male

Allstate

$1,686.96

$1,745.48

$1,654.47

$1,655.15

$1,471.68

$1,471.68

American Family

$2,389.57

$2,559.19

$1,825.66

$1,918.66

$1,680.20

$1,691.27

Farmers

$2,248.61

$2,286.53

$1,985.79

$1,967.88

$1,711.88

$1,880.81

Geico

$1,189.00

$1,210.23

$1,136.68

$1,215.93

$1,160.80

$1,294.99

Nationwide

$1,798.26

$1,950.65

$1,370.94

$1,438.72

$1,200.16

$1,330.11

Progressive

$1,955.57

$1,961.44

$1,670.68

$1,609.79

$1,469.19

$1,465.47

State Farm

$1,438.66

$1,671.86

$1,303.90

$1,303.90

$1,183.46

$1,183.46

USAA

$1,219.22

$1,324.82

$982.70

$982.64

$930.00

$938.61

In general, our driver profiles for 60-year-old women and men show the lowest representative rates in Colorado according to the data from our study. In most cases, insurance companies charge lower rates to women than men within the same age group, though in a few cases, the representative rates are the same. 

When it comes to the driver profiles for 35-year-old men and women and 25-year-old men and women, there’s a lot of variation. Among these four groups, study data shows that the highest average representative rates and the lowest average representative rates change from company to company. This is a case where it really pays to shop around. 

To determine the average rates based on gender and age, we created driver profiles for males and females in each of the following ages: 25 years, 35 years, and 60 years. The profiles also have a clean driving record, insurance coverage for 12,000 miles per year, a medium level of insurance coverage, and a good credit score. We used three vehicles for our driver profiles: the 2015 Honda Civic, 2015 Toyota RAV4, and 2015 Ford F-150.

Colorado Car Insurance Rates by Mileage

Company

6,000 annual mileage

12,000 annual mileage

Allstate

$1,614.24

$1,614.24

American Family

$1,947.82

$2,010.76

Farmers

$2,013.59

$2,013.59

Geico

$1,151.79

$1,201.27

Nationwide

$1,514.81

$1,514.81

Progressive

$1,688.69

$1,688.69

State Farm

$1,223.05

$1,347.54

USAA

$995.85

$1,063.00

The good news is that in Colorado, based on our study data, many driver profiles pay the same rate, or close to it, regardless of annual mileage driven. Representative average rates for the lower mileage group come in at $1,518.73, and representative average rates for the higher mileage group come in at $1,556.74. Four of the eight car insurance companies in the study had the same average representative rate for both groups: Allstate, Farmers, Nationwide, and Progressive. The remaining four companies charged higher rates to customers who accumulated more miles, but the differences weren’t that big, $130 at most and much less for the remaining three companies. 

We created two driver profiles to compare how annual mileage can change car insurance rates: one with low mileage (6,000 miles per year) and one with high mileage (12,000 miles per year). The profiles covered males and females in the 25-, 35-, and 60-year-old age groups with a medium level of insurance coverage, a good credit score, and a clean driving record. The vehicles used in our study were the 2015 Honda Civic, 2015 Toyota RAV4, and 2015 Ford F-150.

Maryland Car Insurance Rates by Coverage Type

Company

Low

Medium

High

Allstate

$1,527.07

$1,614.24

$1,715.13

American Family

$1,960.57

$2,010.76

$2,133.43

Farmers

$1,796.98

$2,013.59

$2,272.16

Geico

$1,102.03

$1,201.27

$1,370.25

Nationwide

$1,531.47

$1,514.81

$1,554.36

Progressive

$1,563.16

$1,688.69

$1,816.74

State Farm

$1,243.41

$1,347.54

$1,467.47

USAA

$1,003.07

$1,063.00

$1,123.50

Our representative customer profiles show that residents of Colorado can expect to pay the lowest average rates for low coverage and the highest average rates for high coverage, with medium coverage falling somewhere between the two. Representative averages for our driver profiles came in at $1,465.97 for low coverage, $1,556.74 for medium coverage, and $1,681.63 for high coverage, a total increase of about 15% from the low end to the high end.. Survey data shows the lowest representative average rates for low coverage, medium coverage, and high coverage are all from USAA. The survey shows the highest representative average rates for low, medium, and high coverage are from American Family, Farmers, and Farmers, respectively.

We created identical profiles in our study to represent drivers, then found out how rates changed with the three levels of coverage. The profiles were assigned a clean driving record, a good credit score, and 12,000 miles of annual driving. We used both males and females aged 25, 35, and 60. The 2015 Honda Civic, 2015 Toyota RAV4, and 2015 Ford F-150 were the vehicles used in our analysis. 

Colorado Car Insurance Rates by Credit Score

Company

Low

Medium

High

Allstate

$1,527.07

$1,614.24

$1,715.13

American Family

$1,960.57

$2,010.76

$2,133.43

Farmers

$1,796.98

$2,013.59

$2,272.16

Geico

$1,102.03

$1,201.27

$1,370.25

Nationwide

$1,531.47

$1,514.81

$1,554.36

Progressive

$1,563.16

$1,688.69

$1,816.74

State Farm

$1,243.41

$1,347.54

$1,467.47

USAA

$1,003.07

$1,063.00

$1,123.50

Each of the eight insurance companies in the study charge the lowest representative average rates to customers with good credit, higher representative rates to customers with fair credit, and the highest representative rates to customers with poor credit, with average rates in our study across the state coming in at $1,556.74, $1,864.49, and $2,592.60, respectively. That means drivers with poor credit are facing premiums that are about 67% higher than drivers with good credit, on average. USAA has the lowest representative rate for drivers across the board, from good to poor credit.

Based on profiles of male and female drivers aged 25, 35, and 60, our study verified that credit scores affect car insurance rates. We created a profile for each level of credit score (good, fair, and poor) and assigned the profiles a clean driving record, a good credit score, a medium level of insurance coverage, and 12,000 miles of annual driving. The 2015 Honda Civic, 2015 Toyota RAV4, and 2015 Ford F-150 were the vehicles used in our analysis. 

Colorado Car Insurance Rates by Driving Record

Company

Good

Fair

Poor

Allstate

$1,614.24

$1,967.72

$2,676.89

American Family

$2,010.76

$2,255.91

$2,986.95

Farmers

$2,013.59

$2,235.74

$3,340.63

Geico

$1,201.27

$1,493.32

$1,785.37

Nationwide

$1,514.81

$1,786.53

$2,129.46

Progressive

$1,688.69

$2,107.55

$2,816.22

State Farm

$1,347.54

$1,769.15

$2,751.79

USAA

$1,063.00

$1,299.96

$2,253.51

With most insurance companies, our driver profile with a single DUI offense paid the highest representative average rates out of these groups, based on study data. However, Allstate, Farmers, Progressive, and State Farm charged a higher representative average rate to drivers with one accident, while Progressive also charged a higher representative average rate to drivers with one speeding violation, and State Farm’s representative average rates for a speeding violation and a DUI are the same. 

The average study rate for a clean driving record, based on our data, came in at $1,556.74. For one speeding violation, our driver profiles showed an average representative rate of $1,835.01, or an increase of 18%. The average representative rate for the driver profile with one accident went up to $2,046.91, an increase of about 31%. For a single DUI, the driver profile’s average representative rate came in at $2,190.02, an increase of about 41%. It’s clear that any of these violations will make a driver’s rate go up. It’s also clear that drivers with any of these violations should shop around for insurance because there is a lot of variation. 

To find out just how much of an effect a person's driving record has on insurance rates, we made driving profiles with a clean record, with one speeding violation, with one accident, and with one instance of driving under the influence (DUI). These driving record representative profiles were based on 25-, 35-, and 60-year-old males and females who drove 12,000 miles per year and had a medium level of insurance coverage and a good credit score. Vehicles used in the analysis were the 2015 Honda Civic, 2015 Toyota RAV4, and 2015 Ford F-150.

Colorado Car Insurance Rates by City

City

Average Rate

Arvada

$1,565.42

Aurora

$1,811.90

Boulder

$1,455.26

Centennial

$1,597.05

Colorado Springs

$1,700.68

Denver

$1,766.96

Fort Collins

$1,371.98

Greeley

$1,423.44

Lakewood

$1,745.74

Pueblo

$1,915.18

The study also looked at representative average rates for 10 Colorado cities with our driver profiles for males and females in each of the following ages: 25 years, 35 years, and 60 years. The profiles also have a clean driving record, insurance coverage for 12,000 miles per year, a medium level of insurance coverage, and a good credit score. We used three vehicles for our driver profiles: the 2015 Honda Civic, 2015 Toyota RAV4, and 2015 Ford F-150. Fort Collins ($1,371.98) and Greeley ($1,423.44) had the least expensive representative rates, while driver profiles for Pueblo ($1,915.18) and Aurora ($1,811.90) had the highest average representative rates. 

Within each state, insurance rates can vary dramatically from city to city. To get a sense of how these differences affect car insurance premiums, we looked at average representative rates across 10 of Iowa’s top cities. In our study, we used male and female driver profiles aged 25, 35, and 60 who put 12,000 miles on the odometer each year. Our profiles have medium insurance coverage, a clean driving record, and good credit. We included three vehicles in our study: the 2015 Honda Civic, 2015 Toyota RAV4, and 2015 Ford F-150.

Colorado Auto Insurance Minimum Coverage Requirements

Colorado requires liability insurance coverage for bodily injury and property damage.

The minimum for bodily injury liability coverage is $25,000 per person and $50,000 per accident, and the minimum for property damage liability coverage is $15,000 per accident. 

Cheapest Car Insurance in Colorado

Category

Cheapest Company

Drivers with a Military Affiliation

USAA

Young Adult Drivers

GEICO

Married Adult Drivers

GEICO

Senior Male Drivers

State Farm

Senior Female Drivers

GEICO

Drivers with Good Credit

GEICO

Drivers with Poor Credit

GEICO

Drivers with a Clean Record

GEICO

Drivers with One Speeding Violation

State Farm

Drivers with One Accident

Nationwide

Drivers with One DUI

State Farm

Low-mileage Drivers

GEICO

High-mileage Drivers

GEICO

Drivers with Low Coverage

GEICO

Drivers with High Coverage

GEICO

Drivers with Used Cars

GEICO

Drivers with New Cars

GEICO

In Colorado, customers can expect to pay the lowest overall rates by sticking with low coverage, maintaining a good credit score, and avoiding scenarios that can blemish their driving record.

The cost of car insurance in Colorado also varies based on your particular city or town. Auto insurance companies aren’t exactly forthcoming about the processes they use to determine rates, but if you live in a ZIP code with high car theft or accident rates, chances are your rates will be on the higher side because you and your car will be at a higher risk.

To find which car insurance company offers the lowest rates, our study used representative driver profiles with good credit, medium insurance coverage, and a clean driving record. Our profiles included males and females aged 25, 35, and 60 who drove 12,000 miles per year. The vehicles used in our study were the 2015 Honda Civic, 2015 Toyota RAV4, and 2015 Ford F-150.

Why Car Insurance Rates Vary in Colorado

Regardless of what state you live in, auto insurance companies will always charge higher rates to drivers who pose a higher risk. That means inexperienced drivers, such as teenagers and young adults, pay very high rates, which eventually go down as they gain experience and demonstrate responsibility behind the wheel. Other factors, such as being married and maintaining good credit, are also seen by insurance companies as signs of responsibility and worthy of lower insurance rates.

westend61 / Getty Images

Where you live within the state of Colorado also plays a significant role in how much you can expect to pay for insurance, with urban dwellers generally being charged more because they are more at risk for damage to their car from accidents or theft.

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How to Get the Cheapest Car Insurance in Colorado

Finding the cheapest car insurance in Colorado isn’t any different than getting cheap auto insurance in other states. The best way to save money on car insurance, at least among matters within your control, is to maintain a clean driving record. If you avoid speeding tickets, crashes, DUIs, and other moving violations, you’ll save money in more ways than one.

Beyond that, your best bets are to shop around and to look for common car insurance discounts. Multipolicy discounts, also known as bundling discounts, are a popular offering from most major insurance carriers. These discounts kick in when you insure multiple vehicles with the same company or purchase more than one policy from the same carrier – combining auto with homeowners or renters insurance, for example. Other common discounts include good driver discounts, student discounts, good student discounts, employer or affinity discounts (if you work for a company or are a member of a club with a group rate with a specific insurance company), and discounts for your profession, such as teachers, active members of the military, and veterans. A certificate of completion from an approved driver training course nets a discount from some companies. If you have a short commute or don’t drive very often, see if you meet your insurer’s threshold for a low-mileage discount, if available.

Some insurance companies let you save even more money with discounts for your specific vehicle. If your car is new or comes with certain anti-theft or safety systems, you may qualify for a break on your premiums. Some companies will also give you a break if you opt in to a tracking program, which uses a car-based device or smartphone app to report your driving habits to your insurance company. Check to see if you can get a discount by enrolling in paperless billing, online billing, or automatic payment systems. 

Important Laws Around Auto Insurance in Colorado

Let’s take a look at Colorado’s laws that relate specifically to car insurance, as well as some important laws to remember while driving in Colorado. It might not seem like the rules of the road have much to do with auto insurance, but moving violations and other driving-related offenses can add points to your driver’s license and make you seem like a bigger risk to insurance companies. That, in turn, can make your auto insurance rates go up.

Colorado Driving Laws and Punishments

Driving laws and penalties vary from state to state, and Colorado’s laws are worth a review for residents and visitors. Keep in mind that if you are convicted of these offenses or other driving violations, they can result in higher auto insurance rates.

In Colorado, adult drivers are allowed to use cell phones for voice calls, though they may not text or use the internet while driving. Drivers under age 18 may not use wireless devices while driving except in an emergency.

westend61 / Getty Images

Drivers under 18 who are convicted of using a wireless device while driving face a $50 fine and see one point added to their license for the first offense and receive one point and a $100 fine for subsequent offenses. These offenses are considered Class A traffic infractions. Adults who are convicted of text messaging while driving face more serious consequences. The first offense is considered a Class 2 misdemeanor, which carries penalties of four points and a $300 fine, and subsequent offenses are considered a Class 1 misdemeanor, with penalties of four points plus up to a year in prison, a fine of $1,000, or both.

In a lot of states, Driving Under the Influence (DUI) and Driving While Impaired (DWI) are interchangeable. Colorado considers them to be separate but related offenses, though they use Driving While Ability is Impaired (DWAI) instead of DWI.

These offenses are based on blood alcohol concentration, measured by percent. For adults, DWAI is the lower of the two, with a limit of 0.05 percent. The limit for a DUI is 0.08 percent for drivers older than 21 and 0.02 percent for drivers younger than 21.

For the first DWAI offense, penalties consist of eight points on your driver’s license, a fine of $200 to $1,500, up to a year in jail, and up to 96 hours of community service. For the first DUI offense, your driver’s license will be revoked for nine months, a fine of $600 to $1,000 will be imposed, and you could spend up to a year in jail and serve up to 96 hours of community service. For the first DWAI or DUI offense for drivers under age 21, their driver’s license will be suspended for three months to a year, and they'll receive a penalty of four points on their driver’s license.

The penalties increase for subsequent offenses. In some cases, the court may order an ignition interlock device. In addition to these court-imposed penalties, the state Division of Motor Vehicles has the right to suspend your license.

Drivers who do not meet Colorado’s minimum insurance requirements are breaking the law by driving. If your insurance policy is canceled or lapses, or if you fail to show proof of insurance when requested by a police officer during a traffic stop, you are in violation of the law. Note that if you have insurance but are unable to show proof, the officer will probably look it up in the state database, but you can still be issued a ticket for failing to carry proof of insurance.

The penalties for driving without insurance in Colorado are steep and include a fine of at least $500, four points on your driver’s license, and community service. Furthermore, your license will be suspended. For the first offense, you can have your license reinstated by showing proof of insurance, but for subsequent offenses, the suspension can last up to eight months. If you let your insurance lapse, your rates will likely go up when you reapply for insurance.

Colorado Car Insurance FAQs

Is Car Insurance Required in Colorado?

Yes, car insurance is required in Colorado. Colorado requires motorists to carry auto insurance with specific minimums. If you recently moved to Colorado or are registering a vehicle, you should be prepared to shop for liability insurance.

Which Cars Are Required To Be Insured in Colorado?

Any car that is registered in Colorado must carry Colorado’s minimum insurance.

When Should I Get Car Insurance in Colorado?

You’ll need car insurance before you can register a vehicle in Colorado, whether you just moved to the state or just purchased a new vehicle. The Colorado Department of Revenue Division of Motor Vehicles needs to see proof of insurance that meets the state minimum requirements before processing a new registration.

What Happens if My Car Is Not Properly Insured in Colorado?

Colorado has a variety of penalties for drivers who cannot provide proof of insurance upon request. The penalties can include four points on your driver’s license, a minimum fine of $500, possible driver’s license suspension, and community service.

Is Colorado a No-Fault State?

No, Colorado is not a no-fault state. Colorado currently uses the fault system, also known as the tort system. This means responsibility, or fault, is established for an accident, and that determines who is eligible for compensation. 

In a no-fault state, any driver involved in an accident can collect compensation from their own insurance company regardless of whether they had a role in causing the crash. Colorado was a no-fault state until 2003, but the law was changed to reduce the cost of insurance premiums and help prevent abuse of their insurance system.

Do I Need Uninsured Motorist Coverage in Colorado?

No, uninsured motorist coverage is not required by the state of Colorado.

Is Liability Insurance Required in Colorado?

Yes, liability insurance is required in Colorado with specific minimums. Drivers in Colorado must carry coverage for bodily injury and property damage. The minimum for bodily injury liability coverage is $25,000 per person and $50,000 per accident. The minimum for property damage liability coverage is $15,000 per accident.

If you are caught without liability insurance In Colorado, the penalties can include four points on your driver’s license, a minimum fine of $500, possible driver’s license suspension, and community service.

Does Colorado Accept Digital Insurance Cards?

Yes, Colorado is one of many states that accepts digital insurance cards. If you need to show proof of your auto insurance policy, you can pull up your smartphone instead of digging through your wallet or your glove box for a paper card. If you are in Colorado and would like to use a digital insurance card, contact your insurance provider for guidance.

The Best Car Insurance Companies in 2020

Our Car Insurance Ranking

  1.     USAA
  2.     Geico
  3.     Allstate
  4.     State Farm
  5.     Farmers
  6.     Progressive
  7.     American Family
  8.     Nationwide
  9.     Travelers

The Cheapest Car Insurance Companies in 2020

Average Annual Rates:

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