Best and Cheapest Car Insurance in Colorado (Save With These 10 Companies in 2024)

USAA, Liberty Mutual, and Geico have the best and cheapest car insurance in Colorado for drivers.

The best and cheapest car insurance companies in Colorado have great rates, various coverages, and plenty of discount opportunities.

Company	Rank	Monthly Rates	A.M. Best	Best For	Jump to Pros/Cons
	#1	$23	Military Benefits	A++	USAA
	#2	$28	Coverage Options	A	Liberty Mutual
	#3	$29	Low Deductibles	A++	Geico
	#4	$30	Local Agents	B	State Farm
	#5	$32	Bundling Discounts	A+	Nationwide
	#6	$34	Discount Options	A++	Travelers
	#7	$35	Loyalty Discounts	A	American Family
	#8	$36	Combining Discounts	A+	Progressive
	#9	$49	Available Discounts	A	Farmers
	#10	$50	Pay-Per-Mile Rates	A+	Allstate

Our guide goes over everything you need to know about the cheapest Colorado companies. Ready to shop for cheap Colorado insurance quotes? Enter your ZIP in our free quote tool.

What You Should Know

• USAA has the cheapest Colorado car insurance rates for veteran and military drivers
• Liberty Mutual and Geico have affordable Colorado insurance for all other drivers
• All Colorado drivers must carry at least minimum coverage to drive on Colorado's roads

On this page:

• Top Colorado Companies Rates and Discounts
• Cheapest Teen Car Insurance Rates in Colorado
• Cheapest Married Couple Car Insurance Rates in Colorado
• Cheapest Senior Car Insurance Rates in Colorado
• 10 Cheapest Cities in Colorado for Car Insurance
• 10 Most Expensive Cities in Colorado for Car Insurance
• Required Liability Car Insurance in Colorado
• How Colorado Companies Calculate Car Insurance Rates
• How to Save on Colorado Car Insurance Rates
• How Clearsurance Ranks Colorado Car Insurance Companies
• Finding the Best and Cheapest Colorado Car Insurance for You

#1 – USAA: Top Pick Overall

Pros

• Military Benefits: Colorado military customers get plenty of benefits from USAA, such as shopping discounts. Read our USAA review to learn more.
• Customer Service: Highly rated by Colorado drivers.
• Student Discounts: Good students in Colorado will get cheaper rates.

Cons

• Eligibility Restrictions: Military members, veterans, and their families are the only ones who can get USAA insurance.
• Limited Local Locations: There aren’t many offices for in-person support in Colorado.

#2 – Liberty Mutual: Best for Coverage Options

Pros

• Coverage Options: Liberty Mutual has roadside assistance and more for Colorado customers.
• Accident Forgiveness: First accidents may be forgotten for good Colorado drivers.
• Discount Options: Colorado customers can get good student discounts and more.

Cons

• Customer Reviews: Service ratings could be higher. Learn more in our Liberty Mutual review.
• High-Risk Rates: While Liberty Mutual is cheap for most customers, multiple driving infractions will make rates expensive.

#3 – Geico: Best for Low Deductibles

Pros

• Low Deductibles: Colorado customers can lower their deductibles or choose a zero dollar deductible at Geico.
• Bundling Discount: Choose Geico renters insurance or home insurance with your Colorado car insurance policy.
• User-Friendly: The company is user-friendly online for policy and claim management in Colorado.

Cons

• Limited Local Locations: There aren’t many local Geico offices for Utah residents.
• Gap Coverage Not Available: New cars can’t get gap coverage.

#4 – State Farm: Best for Local Agents

Pros

• Local Agents: Local Colorado insurance agents are available to customers. Find out more in our review of State Farm.
• Coverage Options: Add on optional Colorado coverages for your vehicle.
• Discount Variety: State Farm has bundling discounts and more for Colorado customers.

Cons

• Online Management Limitations: State Farm has most changes made through Colorado agents.
• A.M. Best Rating: The financial management could be better at State Farm.

#5 – Nationwide: Best for Bundling Discounts

Pros

• Bundling Discounts: Bundle Colorado home or renters insurance with auto insurance. Learn what else Nationwide offers in our Nationwide insurance review.
• Vanishing Deductibles: Not filing claims and being a safe driver pays off at Nationwide with vanishing deductibles.
• SmartMiles Insurance: Colorado coverage that customers pay for by the mile.

Cons

• Limited Local Agents: Local office branches may not be near Colorado customers.
• High-Risk Rates: Rates can be high for high-risk Colorado customers.

#6 – Travelers: Best for Discount Options

Pros

• Discount Options: Travelers has bundling discounts, good student discounts, and many more.
• IntelliDrive Program: Join to potentially save 30% on your Colorado auto insurance policy.
• Coverage Variety: Add optional Colorado coverages or purchase the bare minimum.

Cons

• IntelliDrive Rate Increases: Poor driving could potentially raise Colorado rates.
• Customer Reviews: Services could be improved upon. Read more in our Travelers review.

#7 – American Family: Best for Loyalty Discounts

Pros

• Loyalty Discounts: American Family lowers Colorado rates for repeat customers.
• Accident Forgiveness: Good Colorado drivers may have their first accident forgotten.
• Add-On Coverages: Colorado customers can add extras like roadside assistance.

Cons

• Online Management Limitations: In most cases, Colorado agents must be contacted.
• High-Risk Rates: Rates can be high for some Colorado drivers. Find out more in our American Family insurance review.

#8 – Progressive: Best for Combining Discounts

Pros

• Combining Discounts: Customers can combine multiple discounts to maximize Colorado savings.
• Snapshot Program: Customers could potentially save 30% on Colorado insurance.
• Loyalty Programs: Colorado customers can join loyalty programs at Progressive.

Cons

• Snapshot Rate Increase: Bad driving could potentially raise Colorado insurance rates.
• Customer Service Ratings: Ratings could be improved at Progressive, which we discuss in our Progressive review.

#9 – Farmers: Best for Available Discounts

Pros

• Available Discounts: Farmers has plenty of discounts available to Colorado customers. Read more in our Farmers review.
• Flexible Payment Options: Colorado customers have several options for payment frequency and payment method.
• Coverage Options: Rental car reimbursement and more can be added to Colorado policies.

Cons

• Customer Service Ratings: Customer service could have better ratings.
• Claims Processing: Some reviews mention slow processing of Colorado claims.

#10 – Allstate: Best for Pay-Per-Mile Rates

Pros

• Pay-Per-Mile Rates: Choose Milewise insurance to pay for Colorado insurance by the mile.
• Safe-Driving Discounts: Learn how good drivers in Colorado are rewarded in our Allstate review.
• Add-On Coverages: Colorado customers can get roadside assistance and more.

Cons

• Claim Reviews: Colorado customers have complaints about claims handling.
• Teen Driver Rates: Allstate is expensive for teens in Colorado.

Top Colorado Companies Rates and Discounts

When you're choosing a Colorado car insurance company, you want to make sure you're getting the right coverage for yourself. If you're like any number of consumers out there, you want low rates and stellar coverage with exceptional customer service.

Our hope at Clearsurance is to help you better understand how a company performs before you even purchase a policy so you can select the best auto insurance in Colorado. Take a look at the best Colorado car insurance companies average rates by coverage below.

Insurance Company	Minimum Coverage	Full Coverage
Allstate	$50	$166
American Family	$35	$118
Farmers	$49	$163
Geico	$29	$94
Liberty Mutual	$28	$92
Nationwide	$32	$107
Progressive	$36	$120
State Farm	$30	$94
Travelers	$34	$114
USAA	$23	$78

Full coverage is the best option for Colorado drivers, although it is more expensive. To save on full coverage, make sure to look for discounts at the cheapest companies.

With thousands of car insurance reviews from unbiased policyholders, we have reviews and rankings for hundreds of car insurance companies. We provide honest feedback and objective evaluations. It's not all about one thing. Things like coverage costs, customer satisfaction, and the financial strength of a company are important, which is why we get multiple quotes when you put in your zip code and answer a few questions.

Read More: What to Consider When Getting Car Insurance Quotes Online

We also look at reliability, auto insurance coverage, how quickly claims are processed, and many other factors. Simply looking at the cheapest provider wouldn't necessarily provide the most affordable option, so we consider all angles, and not just the minimum requirement.

In the tables above, you can sort through all the Colorado car insurance companies ranked on Clearsurance. The rating next to each company the insurer's Clearsurance score is based exclusively on the ratings provided by customers. Note: Only those companies with at least 25 car insurance reviews are eligible to appear in the best Colorado car insurance rankings.

Interested in learning more about one of these Colorado car insurance companies? You can visit the company's profile page to find out what additional coverage they offer, any discounts they offer and read car insurance reviews to learn from the experiences of other policyholders.

Cheapest Teen Car Insurance Rates in Colorado

Teen drivers inevitably cost more to insure. They're inexperienced, more likely to be in an accident, and they don't own houses or have other policies they can bundle. More companies are starting to offer teen drivers more pricing options, though. It's not just about cutting auto policy coverage to get the cheapest option.

Many companies offer the same coverage at lower rates if your teen driver maintains good grades or if you put a small telematics device in your car while they drive. Teens with clean records will also be rewarded, sometimes with additional discounts.

Learn More: Tips to Keep Teen Drivers Safe on the Road

Take a look at minimum coverage rates by gender at the cheapest companies for teens below.

Insurance Company	Female	Male
Allstate	$338	$196
American Family	$90	$121
Farmers	$262	$262
Geico	$79	$84
Liberty Mutual	$87	$95
Nationwide	$109	$144
Progressive	$208	$236
State Farm	$86	$108
Travelers	$209	$292
USAA	$65	$75

USAA has the cheapest average car insurance rates for teen drivers in Colorado when compared to the other cheapest car insurance companies in the state by market share. Parents can bundle their policy with multi-car discounts, homeowners policies, and more with their chosen insurance providers. In many ways, USAA leads the industry.

Cheapest Married Couple Car Insurance Rates in Colorado

For a married couple in Colorado, Geico has the cheapest average auto insurance rates. This is why it's best to not only look at the cheapest carriers, but also the larger named insurers as well. Sometimes they come out on top, even if you think they may not be the cheapest company.

Read More: Best Car Insurance Companies for Married Couples

Below, take a look at the minimum coverage rates for married couples in Colorado.

Insurance Company	Monthly Rates
Allstate	$61
American Family	$45
Farmers	$60
Geico	$27
Liberty Mutual	$30
Nationwide	$43
Progressive	$45
State Farm	$39
Travelers	$40
USAA	$34

Note: This is only the average rates for the 10 cheapest car insurance companies in Colorado.

Married couples in Colorado might save more than our sample case by combining insurance policies. You can have multiple cars on one policy or have homeowners, auto, and other policies with your insurance company. Renters and auto insurance is another popular combination. The easiest way to tell is by getting insurance quotes.

Cheapest Senior Car Insurance Rates in Colorado

Seniors often have affordable rates due to driving experience, less time spent on the road, and other factors, making it easier to find the best car insurance for senior drivers. The table below displays average minimum rates for senior drivers from the cheapest companies in Colorado.

Insurance Company	Female	Male
Allstate	$49	$50
American Family	$33	$33
Farmers	$44	$48
Geico	$25	$27
Liberty Mutual	$23	$26
Nationwide	$28	$30
Progressive	$34	$34
State Farm	$26	$26
Travelers	$32	$32
USAA	$22	$22

USAA has the cheapest average car insurance rates for female senior drivers in Colorado.USAA also has the cheapest rates for male senior drivers among the largest auto insurers in Colorado.

10 Cheapest Cities in Colorado for Car Insurance

The neighborhood you live in plays into your rates. The average cost in Denver could be different than the average cost in Colorado Springs. Different cities in Colorado have different car insurance rates based on factors such as car accidents in the area or crime rate in the area.

In the table below, you can see the top ten cheapest cities in Colorado for car insurance based on average rates for single adults.

City	Monthly Rates
Loveland	$105
Laporte	$105
Fort Collins	$106
Timnath	$107
Grand Junction	$107
Loma	$108
Mack	$108
Fruita	$108
Berthoud	$108
Wellington	$108

Out of all cities in Colorado, residents in Loveland get the cheapest car insurance on average. However, area is just one factor. Drivers with poor driving records will still find it difficult to get cheap car insurance in cheap areas.

10 Most Expensive Cities in Colorado for Car Insurance

Car insurance rates vary by city in Colorado because of differing driving behavior, frequency of accidents and crime rate in different areas. The table below displays the top 10 most expensive cities in Colorado for car insurance based on average rates for a single adult.

City	Monthly Rates
Pueblo	$141
Avondale	$141
Boone	$140
Beulah	$139
Agate	$138
Holly	$138
Matheson	$138
Simla	$138
Limon	$138
Rush	$138

You may find that based on where you live determines whether or not you'll see cheap rates. The most expensive city in Colorado for car insurance is the city of Pueblo (Read More: Why is car insurance so expensive?).

Required Liability Car Insurance in Colorado

Colorado's car insurance laws are similar to those in many states. In order to be a legal driver in Colorado, you are required to obtain bodily injury and property damage liability insurance. We've listed the minimum requirements needed below, but it's worth considering purchasing higher limits to ensure you aren't underinsured in the event of a costly accident. The minimum coverage only covers the other driver if you're at fault.

You can learn more about different car insurance coverages and what the limits mean in our practical guide for understanding car insurance.

Colorado state minimum requirements:

Liability:

• Bodily injury — $25,000 per person
• Bodily injury — $50,000 per accident
• Property damage — $15,000 per accident

Bodily injury liability provides coverage for injuries sustained by the other vehicle's driver and passengers if you are held responsible for an accident. This coverage also kicks in to defend you in the event of any legal claims.

Property damage liability provides coverage in the event you damage someone else's property in a car accident. It's most commonly the other vehicle, but also includes things like a home or fence.

Uninsured Motorists in Colorado

When buying auto insurance, you should consider uninsured motorist insurance. This is not a required coverage in Colorado, but it offers you protection in the event a uninsured or underinsured driver is at-fault in an accident with you. In short, if their limits don't cover your injuries and you pay to have higher limits on your side, it'll kick in past what their limits are.

Learn More: What is uninsured motorist coverage?

It may raise your annual costs a little, but having coverage in the event of an accident, where you need liability per person injured, may save you from a mountain of medical bills.

Generally, underinsured and uninsured coverage amounts match the collision coverage on your auto policy. According to 2015 data from the Insurance Information Institute, 13.3 percent of Colorado’s drivers are uninsured — the 19th highest in the United States.

How Colorado Companies Calculate Car Insurance Rates

When searching and comparing quotes from the best auto insurance companies in Colorado, it can be a frustrating customer experience trying to understand how your insurance rates are calculated. If you have a clean driving record, you might still be paying more than your neighbor who also has a clean driving record.

Learn More: What is considered a clean driving record?

While there is no exact formula that each car insurance company uses when providing you a quote for your potential annual rates, there are many factors that do contribute to the price you pay for your insurance. Among the factors that car insurers consider are:

• Age, Gender, & Marital Status
• Driving Record & Annual Mileage
• Your Car’s Make, Model, and Year
• Location & Credit Score
• Amount of Car Insurance Coverage

Some of these aren't choices, but if you have the ability to follow through on even a few of these suggestions, you may be able to net yourself more affordable rates of coverage.

How Location Affects Colorado Car Insurance Rates

One of the biggest misunderstandings when it comes to insurance rates is that the history of drivers in your area also contributes to how much you pay. For instance, even if you go two years without an accident, if there were a lot of accidents near you recently, your rates might still go up. Why is that the case?

Everybody is supposed to carry proof of insurance. When this happens, a few accidents here and there are no big deal. They can be paid out because many others are paying the lowest rates possible without incurring damages.

Read More: Why did my car and homeowners insurance rates increase?

If you live in an area with a lot of uninsured drivers, the pool of coverage rates that insurance companies have to draw from to cover an accident gets smaller. So the cost has to be split among fewer drivers.

Likewise, if you're in an area with a high claims rate compared to the national average, insurers see even safe drivers as a higher risk. So while they won't refuse to provide you with a coverage policy, you'll pay a higher rate on said auto coverage to balance out the other high-risk drivers.

How to Save on Colorado Car Insurance Rates

While you never want to sacrifice quality to save a couple of dollars, there are some different hacks to save money on your car insurance rates.

Here are six ways you may be able to lower your car insurance rates:

• Bundle your car insurance with other policies
• Consider raising your deductibles
• Pay your car insurance policy in full
• Try usage-based car insurance
• Shop for better insurance rates

At the end of the day, the average driver would like to have the best full-coverage policy at affordable prices from one of the best Colorado car insurance companies. Following the above tips will help you get affordable coverage.

How Clearsurance Ranks Colorado Car Insurance Companies

Consistent with its mission towards greater transparency, Clearsurance does not keep its rating and ranking formulas in a black box, the way that some insurers may keep their rates for drivers under lock and key. Our algorithm analyzes a range of inputs from our independent community of insurance customers, including:

• Price
• Customer Service
• Claim service
• Likelihood to renew

The algorithm also takes into account customer feedback. Most consumers rely heavily on customer satisfaction ratings. What do you like about the insurance company you're using? What do you not like? Do you have specific comments on things they could do better?

We also look at patterns in the industry and the mission of the company. Are they community service oriented? Are they looking out for the best interests of their customers or just trying to make money?

Even if you're just looking for the minimum coverage requirements, price shouldn't be the only consideration. You want a company that has a solid financial strength rating within its community; an insurer who can't stand by their claims isn't going to be useful at all.

Read More: Insurance Claims Rating for Top 10 Largest Car Insurance Companies

Clearsurance does all the work to bring reviews and other data together to help you make an informed decision. We review cheap auto insurance whether you're looking for liability coverage only or full coverage car insurance.

Finding the Best and Cheapest Colorado Car Insurance for You

Whether you're buying your insurance direct or going through an agent, understanding the different car insurance coverage options is a must.

Do you know what is covered by comprehensive coverage? Are you familiar with uninsured motorist coverage? Do you know how a deductible works? Have you gotten auto insurance quotes for similar coverage to see what you're actually getting?

We want to make sure you’re equipped with a proper knowledge of car insurance, so check out our car insurance guide. Looking for more educational information about car insurance? Check out our car insurance blog for more information and topics related to car insurance.

Ready to shop for cheap Colorado auto insurance quotes? Compare rates now with our free quote comparison tool.