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Car insurance in Denver costs $2,337 per year for full coverage – $195 monthly. In 2024, Geico offers the cheapest car insurance policy at $117 per month.

Denver is a city at the base of the Rocky Mountains with a population of slightly more than 700,000 people. If you are moving to Denver — or already live there — it is important to find the right car insurance policy. Fortunately, there are ways to get cheap car insurance in Denver that will provide the coverage you need. 

Key Takeaways

  • Full-coverage car insurance in Denver costs an average of $2,337 per year, higher than the nationwide average of $1,895.
  • The cheapest car insurance company for a full-coverage policy in Denver is Geico, at $117 monthly.
  • Car insurance rates in Denver are roughly in line with those of other large cities across the U.S. 

How to find the best car insurance in Denver

With the right tools and a little work, you can find the best car insurance policy in Denver that marries the coverage you need at a cost you can afford. 

Before shopping for car insurance, determine the type of policy you need, including the coverage necessary to protect yourself. Get quotes from at least three companies comparing similar coverage limits and options and ask about any discounts you qualify for. It’s always best to buy as much coverage as you can afford.

Cheapest car insurance company in Denver

Geico provides the cheapest car insurance in Denver, according to 2023 data. It costs an average of $1,399 annually to purchase a full-coverage policy from the insurer. The next cheapest car insurance companies are USAA and Southern Farm Bureau.

See other cheap car insurance rates in Denver in the table below.

Average annual rates from insurers in Denver, CO

CompanyAverage annual rates for state minimum Average annual rates for full coverage
Southern Farm Bureau$317$2,087
Kemper Insurance$546$2,297
State Farm$562$2,142
Acuity InsuranceNA$4,006

How much is car insurance in Denver per month?

Denver residents can expect to pay an average of $195 per month in full coverage car insurance cost, or $47 per month for the state minimum coverage.

Of course, some drivers pay less than this average, while others pay more. Factors that determine how much you pay for car insurance include the insurance company you choose and the amount of coverage you need. 

Other factors — including your age and gender, the type of car you drive, and your history of accidents and violations — also influence car insurance costs.

You can also increase your savings by searching out discounts and other ways to slash your premium costs. “Consider raising your deductible to lower your monthly insurance premium,” says Robert Passmore, APCIA department vice president, personal lines with the American Property Casualty Insurance Association

Monthly rates for car insurance in Denver, Colorado

Company Average monthly rates for state minimum Average monthly rates for full coverage
Southern Farm Bureau$26$174
Kemper Insurance$45$191
State Farm$47$178
Acuity InsuranceNA$334

How do rates in Denver compare to other large cities in the U.S.?

The cost of coverage in Denver is roughly comparable to what you would pay in other major cities. Denver drivers pay the same as other Colorado drivers – the statewide rate is $2,337 annually, the same as Denver’s $2,337.

See how much you can expect to pay for car insurance in several major U.S. cities in the table below.

Full-coverage car insurance costs in major U.S. metropolitan areas

CityFull-coverage cost
Los Angeles$3,149
New York$2,600
San Antonio$2,181
San Diego$2,324
San Jose$2,406
Las Vegas$2,594
El Paso$2,112
Fort Worth$2,030
Oklahoma City$2,373
San Francisco$2,777

Here’s what you need to know when driving in Denver

Denver is one of the biggest cities in the U.S., which has created traffic problems in the metro area. 

In 2022, drivers in Denver lost an average of 54 hours in traffic, according to INRIX, which looks at traffic patterns. That makes Denver the 17th most-congested city in the U.S. 

If you are driving in the Denver area during rush hour, you can expect to spend an extra 17.1 minutes in traffic, according to the website CoPilot. That places Denver at No. 29 among all cities in the nation when it comes to losing time due to rush hour. 

Other things to remember when driving around Denver:

  • Speed limits in Denver are typically 30 mph on residential roads, and 65 mph on urban highways. 
  • The major toll road in Denver is E-470, which runs through the suburbs of Denver and out to the Denver International Airport.  
  • There are more than 460 electric vehicle charging points in Denver, and more than half offer free charging. 

How much car insurance do I need in Denver?

Colorado law requires you to purchase a minimum amount of liability car insurance coverage. These amounts are: 

  • $25,000 for bodily injury or death to one person in any one accident.
  • $50,000 for bodily injury or death to all persons in any one accident.
  • $15,000 for property damage in any one accident.

However, these minimum levels of coverage will not be adequate for most drivers. 

Many drivers will prefer to carry much higher levels of liability coverage so they are better protected financially. In addition, liability insurance does not cover you or your car. 

That means drivers also might be interested in going beyond the minimums and protecting their own vehicles by purchasing insurance beyond the minimum, such as comprehensive and collision coverage. 

If you don’t know how much coverage you need, consult an insurance agent to help. 

Average cost of car insurance in Denver

The average cost of full-coverage car insurance in Denver is $2,337 annually. That compares to a statewide average of  $2,337 and a nationwide average of $1,895. 

Annual average rates in Denver for state minimum coverage and full coverage

State minimum coverage in DenverAnnual full coverage rates in Denver

How much does car insurance in Denver cost with violations?

Moving violations on your driving record will increase your car insurance rates. Moving violations like speeding tickets cause a significant but manageable rise in rates. Other types of violations can make rates climb much higher. This is particularly true if you are convicted of a DUI. 

See rate increases in Denver in the table below by violation.

Violation typeRate increase percentage
At-fault accident49%
Bad credit66%

Cheapest car insurance in Denver by age

Your age will impact how much you pay for car insurance. The youngest drivers tend to pay the highest rates. The oldest drivers also are likely to pay more. See how much you can expect to pay by age in the table below.

Annual rates for state minimum and full coverage car insurance in Denver, by age

AgeState minimum coverageFull coverage

Compare auto insurance rates in Denver by ZIP code 

Where you live also plays a role in how much you pay for car insurance. Here are the Denver area ZIP codes with the cheapest and most expensive car insurance rates. 

See the tables below for the cheapest and most expensive ZIP codes for car insurance in Denver. 

Cheapest annual car insurance rates in Denver, by ZIP code 

ZIP codeAverage annual rate

Most expensive annual car insurance rates in Denver, by ZIP code 

ZIP codeAverage annual rate

Our recommendations: Car insurance for drivers in Denver

If low prices are your top focus when shopping for car insurance, Geico might be your best choice. It has the lowest average rates in our survey. 

However, it’s often a mistake to shop by price alone. It is crucial to make sure you have exactly the coverage you need, even if you have to pay a little more for it. 

Shopping around and gathering quotes from several insurance companies is the best way to get the coverage you need at the best price. 

A full coverage insurance policy with liability limits of 100/300/100 is the best option for most drivers. Consider increasing your liability limits as you accumulate wealth and your net worth increases. Purchasing as much car insurance as you can afford will give you peace of mind as you navigate the roads of Denver.

Resources & Methodology


Denver Convention & Visitors Bureau. “Denver at a Glance.” Accessed February 2024.

Colorado General Assembly. “Mandatory Automobile Insurance in Colorado.” February 2024

CoPilot. “Cities That Lose the Most Time in Rush Hour Traffic.” Accessed February 2024.

Hertz. “Denver Driving Guide.” Accessed February 2024.

INRIX. “Denver CO.” Accessed February 2024.


In 2024, commissioned Quadrant Information Services to pull rates for a 40-year-old who has a 12-mile commute and drives a 2023 Honda Accord LX 10k miles annually. The hypothetical driver has full coverage, carrying policy limits of 100/300/100 with $500 deductibles for comprehensive and collision coverages. We analyzed 51,088,003 insurance quotes from 167 companies across 34,588 ZIP codes in every state and Washington, D.C.

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Chris Kissell
Contributing Researcher


Chris Kissell is a Denver-based writer and editor with work featured on U.S. News & World Report, MSN Money, Fox Business, Forbes, Yahoo Finance, Money Talks News and more.