Average Car Insurance Cost in Colorado (Updated Rates)

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If you are looking for auto insurance in Colorado, knowing how much it will cost is a promising idea. The average premium for car insurance in Colorado is $1,940 per year or $162 per month. While the national average is $1,682. There is a difference of $258 more between the national average and the state average.

If you live here, you know that already. But do you know why? There are a range of factors that affect car insurance rates. A few of them are –age group, gender, driving history, credit score, and location where you live.

Apart from the factors which affect auto insurance rates, this guide also talks about the average rate of full coverage in state, companies offering cheap monthly premiums for car insurance, average car insurance rates by cities in Colorado, and car insurance rates by age group.

Shop around and compare quotes to save money on your auto insurance. Keep reading the guide to make sure the insurance policy does not cost you more than your requirements.

Summary of average car insurance cost in Colorado
Average annual cost $1,940	Average per month cost $162	Average cost for state minimum coverage $467 / Year
Cheapest car insurance company Geico ($1,212/ Year)	Average cost for young drivers $3,002 / Year	Average cost for Senior drivers $1,842 / Year

Key Takeaways

The average car insurance cost in Colorado is $1,940 per year, based on Insure.com’s analysis.
In Colorado, the average premium for car insurance is $162 per month.
Geico has the cheapest car insurance rates in Colorado, at an average annual rate of $1,212 a year.

Average car insurance cost in Colorado per month

In Colorado, the average premium for car insurance is $162 per month.

The price for the same coverage may differ between companies, which is true of every auto insurance company. When looking for car insurance rates in Colorado, it is a promising idea to get quotes from many firms.

As per the rate analysis conducted by Insure.com, the company which offers cheapest car insurance premiums in Colorado is Geico. The average annual cost is $1,212 while the average cost per month is $101. The second-best option available is, USAA, offering insurance at an average per month cost of $108.

The table below lists the other available car insurance companies which offer car insurance in Colorado, along with their average cost per month and average annual cost.

Company name	Average per month cost	Average annual cost
Geico	$101	$1,212
USAA	$108	$1,300
Nationwide	$109	$1,304
State Farm	$130	$1,565
Kemper Insurance	$131	$1,578
Progressive	$142	$1,704
Allstate	$177	$2,120
Auto-Owners	$196	$2,357
Farmers Insurance	$228	$2,731
American Family	$228	$2,736

Read our guide to best car insurance companies

Average cost of car insurance by coverage levels in Colorado

The amount of coverage you purchase has an impact on how much car insurance costs in Colorado. Your premium is determined by your liability limits, as well as whether you want comprehensive and collision coverage.

Liability only insurance protects a third party’s property damage and personal injuries in the event of an accident. In the case of a collision, having only liability coverage on your auto insurance would not cover your injuries or personal property damage since you are the driver responsible for the accident. If your coverage limit is 50/100/50 Liability only, the average cost per year in Colorado is $726.

When you add more coverage to your policy, your insurance premium increases. As the insurance provider will have to compensate you if you are in an accident or suffer damage in any other manner. Hence, the average cost of full coverage car insurance in Colorado is $1,940 per year.

For someone who does not own the car, but frequently rents a car, non-owner state minimum liability coverage is best suited. It is like liability-only coverage and covers for property damage and bodily injury caused to another driver. In Colorado, the average annual cost for non-owner state minimum liability only is $333.

And for those who wish to save money on car insurance premiums can opt to have only the state minimum liability coverage, to be able to legally drive in the state. The state minimum liability only coverage costs $467 per year in Colorado.

Coverage limits	Average annual cost
50/100/50 Liability Only	$726
100/300/100 Liability with $500 Comp/Coll Deductible	$1,940
Non-Owner State Minimum Liability Only	$333
State Minimum Liability Only	$467

Average car insurance cost in Colorado by City

Your car insurance premium is determined by a variety of factors, including your state, city, and even ZIP code. The incidence of accidents and the likeliness of vehicle theft or vandalism can influence the overall cost of a city or ZIP code.

The table below depicts the top popular cities in Colorado:

City	Average annual cost
Denver	$2,225
Colorado Springs	$2,179
Aurora	$2,285
Fort Collins	$1,723
Lakewood	$2,165
Thornton	$2,026
Arvada	$1,938
Westminster	$1,956
Pueblo	$2,301
Centennial	$1,970

Auto insurance premiums vary significantly from city to city, so drivers need to be sure they’re getting the best deal. Insure.com has done the research for you. Get more information on auto insurance rates by city below.

Car insurance rates in Colorado by city

Average car insurance cost in Colorado by age of the driver

Age is also a consideration when it comes to auto insurance rates. Teens are more likely to be in automobile accidents than any other generation. For example, the average annual rate for young drivers in Colorado is $3,002 while for seniors is $1,842. Here, the rate for young drivers is $1,160 more than the rate for senior drivers.

According to statistics, young drivers are more likely to be in a vehicle accident than more experienced drivers. As a result, they are deemed high-risk and costly to insure. They are considered a high-risk driver because of over-speeding and less driving experience on road. Although, premiums start to rise again about age 70 when some aspects of aging start affecting driving abilities.

Average car insurance cost in Colorado for young drivers

The average car insurance cost for female young drivers in Colorado is $2,836 per year or $236 per month and rate for a male young driver is $3,168 per year or $264 per month.

The average annual rates for young male and female drivers are listed in the table below:

Age of driver	Average annual cost for Male drivers	Average annual cost for Female drivers
18	$6,383	$5,603
19	$4,560	$3,963
20	$4,202	$3,669
21	$3,308	$2,940
22	$2,941	$2,653
23	$2,766	$2,515
24	$2,625	$2,400
25	$2,333	$2,193

Average car insurance cost in Colorado for senior drivers

In Colorado, the cost of car insurance for senior female driver is $1,820 per year or $152 per month and cost of car insurance for male senior driver is $1,865 per year or $155 per month.

Age of driver	Average annual cost for Male drivers	Average annual cost for Female drivers
65	$1,775	$1,750
70	$1,908	$1,874
75	$2,139	$2,048

Cheapest cars to insure in Colorado

Make	Model	Average annual premium
Mazda	CX-5 S	$1,689
Ford	Transit Connect Titanium	$1,693
Chrysler	Voyager LX	$1,709
Honda	HR-V EX	$1,733
Honda	CR-V EX	$1,739
Mazda	MX-5 Miata Grand Touring	$1,749
Subaru	Forester 2.5I	$1,772
Jeep	Compass High Altitude	$1,773
Jeep	Wrangler Rubicon	$1,773
GMC	Savana G2500	$1,787

Most expensive cars to insure in Colorado

Make	Model	Average annual premium
Maserati	Quattroporte	$6,547
Audi	RS6 Avant Quattro	$5,739
Maserati	Ghibli Modena	$5,674
Maserati	Ghibli GT	$5,519
Audi	RS E-tron GT	$5,357
BMW	M760i xDrive	$5,093
Maserati	Ghibli Trofeo	$5,018
Maserati	Levante Trofeo	$4,785
BMW	M8 Competition XDrive	$4,722
BMW	750xi	$4,715

Note: For coverage limit: 100/300/50 liability with a $500 comprehensive and collision deductible.

Methodology

Insure.com gathered data with the help of Quadrant Information Services from major insurance companies across Colorado. The rates are based on the profile of a 40-year-old male who drives a Honda Accord LX with a clean record and full coverage policy.

The coverage limit for a full coverage policy is 100/300/100 liability with a $500 comprehensive and collision deductible. The numbers 100/300/100 represent $100,000 coverage for bodily injury per person, $300,000 in bodily injury per accident and $100,000 for property damage.