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Geico provides the cheapest full coverage car insurance in Colorado at about $1,212 a year. Your specific rates may vary, but the average full coverage car insurance premium in Colorado is $162 per month, according to Insure.com’s 2022 rate analysis.

Car insurance is a legal requirement in most states, and Colorado is no exception. Colorado drivers are required to carry at least the minimum amount of liability coverage—$15,000 of personal property coverage per person, $25,000 for bodily injury per person and $50,000 for bodily injury per accident.

However, many drivers choose to purchase full coverage car insurance, which provides additional protection in the event of an accident.

What is full coverage car insurance in Colorado?

Full coverage car insurance includes bodily injury and property damage liability coverage, as well as comprehensive and collision coverage, according to the Insurance Information Institute (III). Collision insurance covers your vehicle if it’s damaged or destroyed in an accident, while comprehensive insurance provides protection against damage that is caused by something other than collisions such as weather or theft.

If you lease or finance your car in Colorado, your lender may ask you to purchase collision and comprehensive insurance beyond the state-mandated liability coverage. Every state except New Hampshire and Virginia requires drivers to get liability coverage, while comprehensive and collision coverage are optional. However, in Virginia, you have to pay an uninsured motorist fee of $500.

Average full coverage car insurance cost in Colorado

Full coverage insurance costs more than minimum liability insurance, but the extra cost is worth it for most drivers. Average cost of full coverage car insurance in Colorado is 15% more than the national average cost of full coverage insurance in the U.S.

There are different full coverage limits that a driver can purchase. However, Insure.com editors recommend that every driver should carry 100/300/100 coverage limits.

Cheapest full coverage car insurance rate in Colorado by company

Geico offers the cheapest full coverage car insurance in Colorado an average of $1,212 per year. It’s 38% less expensive than the average full coverage car insurance cost in Colorado. The rates will vary based on factors such as your driving history, age, ZIP Code and the make and model of your car.

When shopping for auto insurance, compare rates from multiple companies to make sure you’re getting the best deal.

Below are the annual rates for car insurance from major insurance companies.

CompanyFull coverage insurance cost
Geico$1,212
USAA$1,300
Nationwide$1,304
State Farm$1,565
Kemper Insurance$1,578
Progressive$1,704
Allstate$2,120
Auto-Owners$2,357
Farmers Insurance$2,731
American Family$2,736

Full coverage car insurance cost in Colorado by ZIP code

Full coverage car insurance premiums vary significantly by ZIP code. Insurance companies consider factors such as the crime rate in an area, the number of claims filed, types of claims filed to determine annual premiums. Below are the least and most expensive ZIP codes for full coverage car insurance.

Most expensive ZIP codes for car insurance in Colorado

Drivers living in the ZIP code 80219 pay the highest premiums at about $2,452 a year. ZIP codes with a higher number of car thefts or vandalism also tend to have higher car insurance rates.

Find below the most expensive ZIP codes for car insurance in Colorado.

ZIP codeFull coverage insurance cost
80219$2,452
81001$2,412
80223$2,399
81003$2,390
80239$2,361
80010$2,358
80247$2,354
80012$2,346
80017$2,343
80011$2,339

Least expensive ZIP codes for car insurance in Colorado

81507 ZIP code in Colorado has the cheapest full coverage auto insurance cost at an average price of $1,385 annually. Know the least expensive ZIP codes for car insurance in Colorado below.

ZIP codeFull coverage insurance cost
81507$1,385
81506$1,388
81524$1,396
81525$1,396
81504$1,402
81503$1,411
81505$1,412
81521$1,414
81523$1,431
81527$1,443

Colorado full coverage car insurance rate by age

Young drivers in Colorado tend to pay higher insurance rates than adult drivers because they are more likely to get into accidents and file claims on their insurance policy. A 16-year-old driver pays 342% more than a 40-year-old mature driver in Colorado, based on Insure.com’s analysis.

The table below shows full coverage car insurance rates for drivers of different ages:

Age groupFull coverage annual premiums
Teen drivers (age 16-19)$6,775
Young drivers (age 20-24)$3,168
Adult drivers (age 25-64)$1,966
Senior drivers (age 65+)$1,889

Read our Guide to car insurance for teens for more information

Car insurance rates in Colorado by driver history

Your driving history is one of the main factors insurers look at when considering insurance rates. If you are responsible for a car accident or get convicted of a driving infraction, your auto insurance premiums will likely go up. However, if you have a clean driving record, insurance companies see you as a low-risk driver and you are likely to get cheap full coverage car insurance.

Cheapest full coverage car insurance after a speeding ticket in Colorado

Getting a speeding ticket is never any fun. Not only will you have to pay a fine, but your insurance rates may go up. A single speeding ticket can increase your rates by 21% or $455 in Colorado, based on Insure.com data.

But if you’re looking for affordable coverage, below are some insurers that offer cheap full-coverage car insurance after a speeding ticket.

CompanyAverage annual premiumNew rate after incident% Increase$ Increase
USAA$1,292$1,60224%$311
Nationwide$1,411$1,69020%$279
State Farm$1,633$1,7537%$120
Geico$1,285$2,04559%$761
Allstate$2,219$2,44310%$224
Progressive$1,915$2,44728%$532
Auto-Owners$2,199$2,47613%$277
Kemper$1,893$2,51333%$621
American Family$3,387$3,78112%$394
Farmers$3,073$3,81624%$743

Cheapest full coverage car insurance after an accident in Colorado

No one plans on getting into a car accident, but unfortunately, they happen. If you are in an accident and are at fault, you will probably see your car insurance premiums increase. However, this does not mean you can’t shop around to find the best rates.

State Farm offers the cheapest car insurance rates to drivers after an at-fault accident, at about $1873 a year. Below, you’ll see which companies have cheap car insurance for drivers with one accident on their record.

CompanyAverage annual premiumNew rate after incident% Increase$ Increase
State Farm$1,633$1,87315%$240
USAA$1,292$1,87745%$585
Nationwide$1,411$2,13651%$725
Geico$1,285$2,23874%$953
Kemper$1,893$2,60638%$713
Progressive$1,915$2,91252%$997
Auto-Owners$2,199$3,15844%$960
Allstate$2,219$3,34151%$1,122
American Family$3,387$3,91516%$528
Farmers$3,073$4,66952%$1,596

Cheapest full coverage car insurance after a DUI conviction in Colorado

If you’ve recently been convicted of a DUI, you may wonder how it will affect your car insurance rates. Most insurers will view you as a high-risk driver and will charge you higher rates.

The table below shows the insurance companies offering cheap car insurance rates to drivers after a DUI conviction.

CompanyAverage annual premiumNew rate after incident% Increase$ Increase
State Farm$1,633$1,7537%$120
Progressive$1,915$2,23117%$317
Geico$1,285$2,655107%$1,370
USAA$1,292$2,682108%$1,390
Nationwide$1,411$2,71793%$1,306
Allstate$2,219$2,90531%$687
Auto-Owners$2,199$3,73770%$1,538
American Family$3,387$3,78112%$394
Kemper$1,893$4,210122%$2,317
Farmers$3,073$5,94794%$2,874

When it comes to car insurance, everyone is always looking for ways to save. However, skimping on coverage to save a few dollars now could end up costing you dearly down the road.

Make sure you’re adequately protected and take into account your specific needs before buying an auto insurance policy.

Source:

Methodology

Insure.com gathered the quotes with the help of Quadrant Information Institute. We collected full coverage car insurance rates from major insurance companies for multiple ZIP codes across Colorado.

The full coverage rates are based on a sample driver profile of a 40-year-old man with a driving record and good credit score.

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Nupur Gambhir
Managing Editor

 
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Nupur Gambhir is a content editor and licensed life, health, and disability insurance expert. She has extensive experience bringing brands to life and has built award-nominated campaigns for travel and tech. Her insurance expertise has been featured in Bloomberg News, Forbes Advisor, CNET, Fortune, Slate, Real Simple, Lifehacker, The Financial Gym, and the end-of-life planning service.