Best car insurance in Colorado (2024)

The best car insurance companies in Colorado are American National, GEICO, State Farm, and USAA — though rates can depend on your driving record and other factors.

Headshot of Andrew Hurst
Headshot of Rachael Brennan

By

Andrew HurstSenior Editor & Licensed Auto Insurance ExpertAndrew Hurst is a senior editor and a licensed auto insurance expert at Policygenius. His work has also been featured in The New York Times, The Wall Street Journal, Forbes, USA Today, NPR, Mic, Insurance Business Magazine, ValuePenguin, and Property Casualty 360.&Rachael BrennanSenior Editor & Licensed Auto Insurance ExpertRachael Brennan is a senior editor and a licensed auto insurance expert at Policygenius. Her work has also been featured in MoneyGeek, Clearsurance, Adweek, Boston Globe, The Ladders, and AutoInsurance.com.

Edited by

Anna SwartzAnna SwartzSenior Managing EditorAnna Swartz is a senior managing editor who specializes in home, auto, renters, and disability insurance at Policygenius. Previously, she was a senior staff writer at Mic and a writer at The Dodo. Her work has also appeared in Salon, HuffPost, MSN, AOL, and Heeb.
|

Reviewed by

Maria FilindrasMaria FilindrasFinancial AdvisorMaria Filindras is a financial advisor, a licensed Life & Health insurance agent in California, and a member of the Financial Review Council at Policygenius.

Updated|3 min read

Expert reviewedExpert reviewedThis article has been reviewed by a member of ourFinancial Review Council to ensure all sources, statistics, and claims meet the highest standard for accurate and unbiased advice.Learn more about oureditorial review process.

Policygenius content follows strict guidelines for editorial accuracy and integrity. Learn about our editorial standards and how we make money.

The cheapest car insurance company in Colorado is American National, with an average rate of just $70 a month or $837 a year for full coverage. We found that GEICO, State Farm, USAA, and Farm Bureau also have the cheapest car insurance rates in Colorado.

Compare rates and shop affordable car insurance today

We don't sell your information to third parties.

The cost of car insurance depends on multiple factors, like your age, location, driving history, and other personal details, so it’s a good idea to compare quotes from different companies to find your best rates.

Average cost per month

American National

$70

GEICO

$95

State Farm

$106

USAA

$109

Farm Bureau

$118

Methodology & why you can trust our rates

Policygenius has analyzed car insurance rates provided by Quadrant Information Services for every ZIP code in all 50 states plus Washington, D.C. For full coverage policies, the following coverage limits were used:

  • Bodily injury liability: $50,000 per person/$100,000 per accident

  • Property damage liability: $50,000

  • Uninsured/underinsured motorist: $50,000 per person/$100,000 per accident

  • Comprehensive: $500 deductible

  • Collision: $500 deductible

In some cases, additional coverages were added where required by state or insurer.

Rates for overall average rate, rates by ZIP code, and cheapest companies determined using averages for single drivers ages 30, 35, and 45. Our sample vehicle was a 2017 Toyota Camry LE driven 10,000 miles/year.

Rates for driving violations and “Poor” credit determined using average rates for a single male 30-year-old driver with a credit score under 578.

Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.

Cheapest car insurance companies in Colorado

American National

American National logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.5

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Offers gap coverage

Offers classic car insurance

Mobile app

Why we chose itchevron icon

American National offers basic coverage along with some add-ons, including gap coverage, at a much cheaper average cost than its competitors.

Pros and conschevron icon

Pros

  • Lower-than-average rates

  • Offers gap insurance

  • Available in all 50 states

Cons

  • Few discounts

  • Minimal coverage options

More detailschevron icon

Why we chose American National:

American National offers affordable coverage whether you have a clean driving record or past violations, including an accident, DUI, or speeding ticket.

We also like that American National offers coverage add-ons like gap insurance, which may be a requirement if your car is leased or financed, and its ACE coverage, which pays extra for replacement parts if your car is damaged.

How does the cost of car insurance from American National compare to average in Colorado?

The average cost of car insurance from American National in Colorado is $70 a month or $837 per year, which is 55% cheaper than the statewide average.

GEICO

Logo for GEICO insurance company

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.7

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A++

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Offers classic car insurance

All 50 states

Offers motorcycle insurance

Good student discount

Mobile app

Usage-based discount

Why we chose itchevron icon

GEICO is among our picks for top car insurance companies in Colorado because of its low rates, convenient mobile app, and solid customer service.

Pros and conschevron icon

Pros

  • Available in all 50 states

  • Easy-to-use digital tools

  • Plenty of discounts

Cons

  • Only sells through GEICO agents

  • Doesn’t underwrite its other products

More detailschevron icon

Why we chose GEICO

GEICO is a cheap option for Colorado drivers even if they have bad credit or a newly-licensed teen driver at home.

We also like GEICO’s convenient mobile app, which lets you estimate repair costs after an accident. GEICO also receives fewer complaints from its customers than expected, even though it’s one of the largest insurance companies in the country.

How does the cost of car insurance from GEICO compare to average in Colorado?

The average cost of car insurance from GEICO in Colorado is $95 a month or $1,135 per year, which is 39% cheaper than the statewide average.

State Farm

State Farm logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.8

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A++

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Coverage for rideshare drivers

Good student discount

Mobile app

Usage-based discount

Offers classic car insurance

Offers motorcycle insurance

Why we chose itchevron icon

State Farm is one of our top car insurance companies in Colorado thanks to its cheap rates and high customer service ratings. State Farm can even be an affordable pick for drivers with spotty records.

Pros and conschevron icon

Pros

  • Available in almost every state

  • Low rates for teens and drivers with accidents

  • High customer satisfaction ratings

Cons

  • Limited coverage options

More detailschevron icon

Why we chose State Farm:

State Farm’s average rates are cheap whether you have a clean or spotty driving record, which helps make it a top choice for car insurance in Colorado.

We also like State Farm’s customer service. State Farm has high customer satisfaction ratings and receives fewer complaints than average for the industry, according to the National Association of Insurance Commissioners.

How does the cost of car insurance from State Farm compare to the average in Colorado?

The average cost of State Farm car insurance in Colorado is $106 a month or $1,270 per year, which is 31% cheaper than the statewide average.

USAA

USAA logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starFull orange star

5.0

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A++

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

All 50 states

Bundle home & auto

Coverage for rideshare drivers

Good student discount

Usage-based discount

Offers classic car insurance

Mobile app

Offers motorcycle insurance

Why we chose itchevron icon

USAA has some of the best car insurance rates and customer service ratings of any company. Its add-ons, which include gap insurance, are straightforward but it’s only available for drivers associated with the military.

Pros and conschevron icon

Pros

  • Low rates

  • Available nationwide

  • High customer service ratings

Cons

  • Only available to military members and their families

More detailschevron icon

Why we chose USAA:

If you’re an active or retired member of the military or a part of a military family, USAA has some of the best car insurance in Colorado. USAA also offers gap coverage — which may be required if you have a car loan or lease.

One of the things we like most about USAA is its customer service. USAA consistently scores near the top of the J.D. Power Claims Satisfaction Study. It receives an average number of complaints for the industry, according to the National Association of Insurance Commissioners.

How does the cost of car insurance from USAA compare to average in Colorado?

The average cost of USAA car insurance in Colorado is $109 a month or $1,309 per year, which is 29% cheaper than the statewide average.

Farm Bureau

Farm Bureau Financial Services logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.7

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

All 50 states

Bundle home & auto

Good student discount

Mobile app

Offers classic car insurance

Usage-based discount

Why we chose itchevron icon

Farm Bureau offers cheap car insurance rates and basic coverage through its regional affiliates. It also offers high-scoring customer service.

Pros and conschevron icon

Pros

  • Cheap rates

  • Offers new car replacement

  • Special discount for drivers under 25

Cons

  • Not a ton of coverage options

More detailschevron icon

Why we chose Farm Bureau:

Farm Bureau is one of the cheapest companies for car insurance in Colorado. You have to be a Farm Bureau member to get coverage, but membership fees are low. Farm Bureau's rates are even affordable if you’re in a family with teen drivers or your driving record is spotty.

Farm Bureau also has great customer service in addition to the low rates. It doesn’t have a claims satisfaction rating from J.D. Power, but Farm Bureau receives very few complaints from its customers compared to the industry average.

How does the cost of car insurance from Farm Bureau compare to average in Colorado?

The average cost of car insurance from Farm Bureau in Colorado is $118 a month or $1,413 per year, which is 24% cheaper than the statewide average.

Best car insurance companies in Colorado

The best car insurance company in Colorado is USAA. USAA has the highest scores on J.D. Power’s 2023 Auto Insurance Study for the Southwest region, which includes Colorado. [1] This survey measures how policyholders feel about their insurance company’s service, billing, claims, and price.

State Farm, American Family, The Hartford, and CSAA also earned top scores in Colorado, and, unlike USAA, they’re available to anyone.

Company

Score

1

USAA

879

2

State Farm

835

3

American Family

828

3

The Hartford

828

5

CSAA

819

Cheapest car insurance companies by age in Colorado

Your age plays a big factor in how much you pay for car insurance. Young drivers pay higher rates, because drivers who’ve been licensed for only a few years are more likely to have an accident and end up filing claims.

Age

Cheapest company

Average cost

16

Farm Bureau

$3,233

18

American National

$1,837

21

American National

$1,371

25

American National

$923

30

American National

$880

35

American National

$845

45

American National

$786

55

American National

$714

60

American National

$692

65

American National

$709

70

American National

$791

Collapse table

Choosing the right car insurance company in Colorado

Buying car insurance may seem complicated, but it’s easier if you break it down into what’s most important to you, and see how companies stack up. Here’s what you should consider:

  • Total cost: Some companies offer better value than others for the same coverage. Shop around to find the best rates.

  • Coverage: The more coverage you get, the better protected you’ll be in case of an accident.

  • Customer service: If you ever need to submit a claim, the last thing you want is to get a headache dealing with the insurer. Looking at customer service and claims satisfaction scores can help narrow down your choices.

Policygenius makes it easy to compare options from top companies, so you can choose the coverage you need at a price that works for you.

Compare rates and shop affordable car insurance today

We don't sell your information to third parties.

Car insurance rates for drivers with driving violations in Colorado

We found that American National has some of the cheapest rates if you have a driving violation on your record. The more violations you have, the more expensive your insurance will be — and it can be hard to find any coverage if you have too many.

A bar graph showing the cheapest car insurance companies if you have a driving violation in Colorado.

Violation

American National

GEICO

State Farm

USAA

Farm Bureau

At-fault accident

$1,232

$1,887

$1,475

$1,961

$1,875

Suspended license

$1,406

$1,789

$1,384

$2,693

$1,854

Open container

$1,232

$1,563

$1,384

$2,173

$1,854

Expired registration

$1,042

$1,288

$1,384

$1,743

$1,771

Driving without lights

$1,042

$1,621

$1,384

$1,544

$1,771

Running a red light

$1,042

$1,621

$1,384

$1,743

$1,771

Following too closely

$1,042

$1,621

$1,384

$1,743

$1,771

Hit and run

$1,406

$2,463

$1,384

$3,017

$1,854

Not-at-fault accident

$909

$1,207

$1,294

$1,405

$1,545

Passing a school bus

$1,186

$1,621

$1,384

$2,173

$1,771

Reckless driving

$1,406

$2,463

$1,384

$2,173

$1,854

Collapse table

Cheapest car insurance after an accident in Colorado

The cheapest car insurance company in Colorado after an at-fault accident is American National. On average, car insurance from American National costs $103 a month, or $1,232 a year with an at-fault accident on your record.

Rates for drivers with an at-fault accident

American National

$1,232

State Farm

$1,475

Farm Bureau

$1,875

GEICO

$1,887

USAA

$1,961

Cheapest car insurance for drivers with a DUI in Colorado

The cheapest car insurance company in Colorado if you have a DUI on your record is American National. Having a DUI usually makes car insurance very expensive, but American National’s average rates are $109 a month or $1,308 a year with a DUI.

Rates for drivers with DUIs

American National

$1,308

State Farm

$1,384

Farm Bureau

$1,854

GEICO

$2,128

USAA

$2,851

Cheapest car insurance for drivers with a speeding ticket in Colorado

The cheapest car insurance after a speeding ticket in Colorado is American National. On average, American National is $87 a month or $1,042 a year with a speeding ticket on your record.

Rates for drivers with speeding tickets

American National

$1,042

State Farm

$1,384

USAA

$1,743

Farm Bureau

$2,004

GEICO

$2,463

→ Read more about finding SR-22 insurance in Colorado

Cheapest car insurance for drivers with bad credit in Colorado

The lower your credit score, the more you’ll pay for car insurance. Colorado drivers with poor credit may still be able to find affordable rates, however, since some car insurance companies charge less than others, even to drivers with bad credit.

Rates for drivers with bad credit

GEICO

$1,636

Nationwide

$2,408

State Farm

$2,546

USAA

$2,830

American National

$3,058

Cheapest car insurance in Colorado by city

Car insurance rates depend on local factors like crime rates, population density, the number of accidents nearby, and available parking. Here are the cheapest car insurance companies in the 10 most populated cities in Colorado.

Largest cities

Cheapest company

Average yearly rate for the cheapest company

Overall citywide average

Denver

American National

$1,005

$2,173

Colorado Springs

American National

$960

$2,109

Aurora

American National

$1,036

$2,211

Fort Collins

American National

$757

$1,666

Lakewood

American National

$897

$2,063

Thornton

American National

$879

$1,966

Arvada

American National

$831

$1,877

Westminster

American National

$854

$1,897

Pueblo

American National

$959

$2,149

Greeley

American National

$776

$1,787

Collapse table

Compare rates and shop affordable car insurance today

We don't sell your information to third parties.

Buying car insurance in Colorado

Drivers are required to have car insurance in Colorado. The minimum amount of coverage required by law is:

  • Bodily injury liability coverage per person: $25,000

  • Bodily injury liability coverage per accident: $50,000

  • Property damage liability coverage: $15,000

It's particularly important to have car insurance because Colorado is an at-fault state. This means that the insurance of the driver who is found to be at-fault for an accident is responsible for paying for the other driver’s repair bills and medical costs.

Colorado drivers must have proof of insurance in their car at all times. If you are unable to show proof of car insurance when it’s requested, you may face serious penalties.

How to get cheap car insurance in Colorado

The cost of car insurance tends to increase in Colorado, even for good drivers. Fortunately, despite increasing rates there are a few simple tips for keeping your rates low, no matter who you are:

  • Drive safely: Avoid driving violations, especially accidents, if you want to get better rates. 

  • Compare quotes: Compare rates from multiple companies to be sure you’re getting the cheapest coverage.

  • Bundle policies: Get your home, auto, renters or motorcycle insurance from the same company and you can save big.

  • Reshop: Shop around for car insurance every six months to a year to make sure you’re not missing out on better rates with another company .

Find car insurance in your city:

Compare rates and shop affordable car insurance today

We don't sell your information to third parties.

Frequently asked questions

How can I save on my car insurance in Colorado?

The best way to get a low car insurance rate in Colorado is to maintain your credit, avoid accidents and traffic violations, shop around for a policy every year or so, and bundle multiple policies with the same company.

Is Colorado a no-fault state?

No, Colorado is an at-fault state. The car insurance of the driver who is found to be at-fault for an accident is responsible for paying everyone’s related expenses.

Does Colorado require car insurance?

Yes, you are required to have car insurance in Colorado. Colorado requires that drivers have at least $25,000 per person/$50,000 per accident in bodily injury liability coverage and at least $15,000 in property damage liability coverage.

How much is car insurance per month in Colorado?

Drivers in Colorado pay an average of $154 per month for car insurance, or $1,852 per year.

References

dropdown arrow

Policygenius uses external sources, including government data, industry studies, and reputable news organizations to supplement proprietary marketplace data and internal expertise. Learn more about how we use and vet external sources as part of oureditorial standards.

  1. J.D. Power

    . "

    2023 Auto Insurance Claims Satisfaction Study

    ." Accessed December 08, 2023.

Authors

Andrew Hurst is a senior editor and a licensed auto insurance expert at Policygenius. His work has also been featured in The New York Times, The Wall Street Journal, Forbes, USA Today, NPR, Mic, Insurance Business Magazine, ValuePenguin, and Property Casualty 360.

Rachael Brennan is a senior editor and a licensed auto insurance expert at Policygenius. Her work has also been featured in MoneyGeek, Clearsurance, Adweek, Boston Globe, The Ladders, and AutoInsurance.com.

Editor

Anna Swartz is a senior managing editor who specializes in home, auto, renters, and disability insurance at Policygenius. Previously, she was a senior staff writer at Mic and a writer at The Dodo. Her work has also appeared in Salon, HuffPost, MSN, AOL, and Heeb.

Questions about this page? Email us at .