Best & Cheapest Car Insurance Colorado has to offer as Rated by Customers in 2022
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.
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. 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 table 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.
On this page:
- Who offers the cheapest teen car insurance rates in Colorado?
- Who offers the cheapest car insurance rates for a married couple in Colorado?
- Who offers the cheapest senior car insurance rates in Colorado?
- 10 Cheapest areas in Colorado for car insurance
- 10 Most expensive areas in Colorado for car insurance
- Minimum car insurance coverage and limits in Colorado
- Colorado’s uninsured motorists percentage
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.
State Farm has the cheapest average car insurance rates for teen drivers in Colorado when compared to the other four largest 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, State Farm leads the industry.
|Company||Female teen rates||Male teen rates|
|Farmers Insurance Group||$3,375||$3,689|
|State Farm Insurance Company||$1,235||$1,458|
These rates are based on profiles for 18-year-old male and female drivers in Alabama. The car used was a 2015 Honda Civic EX. We used the minimum car insurance state limits. The rates displayed should only be used for comparative purposes as individual rates in Colorado will differ. Rate data is provided by Quadrant Information Services.
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.
Note: This is only the average rates for the five largest car insurance companies in Colorado.
|Company||Married couple rates|
|Farmers Insurance Group||$2,190|
|State Farm Insurance Company||$2,266|
These rates are based on a 35-year-old married couple with two drivers and two vehicles on a policy. The cars used were two 2015 Toyota Highlander LEs. Full coverage was used with 100/300/50 limits and a $500 collision and comprehensive deductible. The drivers had 1 driving incident within the past 3 years, and they both have a good credit score. The rates displayed should only be used for comparative purposes as individual rates in Colorado will differ. Rate data is provided by Quadrant Information Services.
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.
Geico has the cheapest average car insurance rates for female senior drivers in Colorado. State Farm has the cheapest for male senior drivers among the largest auto insurers in Colorado.
|Company||Female senior rates||Male senior rates|
|Farmers Insurance Group||$980||$1,066|
|State Farm Insurance Company||$990||$990|
These rates are based on profiles for 65-year-old male and female drivers. The car used for each was a 2015 Toyota Camry LE. Full coverage was used with 100/300/50 limits and a $500 collision and comprehensive deductible. The drivers had zero incidents within the past three years and a good credit score. The rates displayed should only be used for comparative purposes as individual rates in Colorado will differ. Rate data is provided by Quadrant Information Services.
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 areas in Colorado have different car insurance rates based on factors such as car accidents in the area or crime rate in the area.
Out of all areas in Colorado, residents in Loveland get the cheapest car insurance on average. In the table below, you can see the top ten cheapest areas in Colorado for car insurance based on average rates for single adults.
|Area||Car insurance rates|
These rates are based on a 35-year-old single adult with one driver and one vehicle on a policy. The car used was a 2015 Toyota Highlander LE. Full coverage was used with 100/300/50 limits and a $500 collision and comprehensive deductible. The driver had one driving incident within the past three years and had a good credit score. The rates displayed should only be used for comparative purposes as individual rates in Colorado will differ. Rate data is provided by Quadrant Information Services.
You may find that based on where you live determines whether or not you'll see cheap rates. The most expensive area in Colorado for car insurance is the city of Pueblo. Car insurance rates vary by area 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 areas in Colorado for car insurance based on average rates for a single adult.
|Area||Car insurance rates|
These rates are based on a 35-year-old single adult with one driver and one vehicle on a policy. The car used was a 2015 Toyota Highlander LE. Full coverage was used with 100/300/50 limits and a $500 collision and comprehensive deductible. The driver had 1 driving incident within the past 3 years and had a good credit score. The rates displayed should only be used for comparative purposes as individual rates in Colorado will differ. Rate data is provided by Quadrant Information Services.
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 here.
Colorado state minimum requirements:
- 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.
When buying auto insurance, you should consider uninsured motorist insurance coverage. 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. 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 are car insurance rates calculated in Colorado?
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.
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:
- Your driving record
- How much you drive
- Marital status
- Your car’s make, model and year
- Your credit history
- Amount of car insurance coverage (required coverage and optional add-ons, such as collision and comprehensive)
- Any additional coverage options you choose
- If you've signed up for different discount programs
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 does location affect monthly premiums?
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.
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 can you save money on your car insurance in Colorado?
At the end of the day, the average driver would like to have the the best full-coverage policy at affordable prices from one of the best Colorado car insurance companies. While you never want to sacrifice quality to save a couple of dollars, there are some different ways you can lower your car insurance premium.
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
- Monitor price changes to your policy
- Shop for better insurance rates
How does Clearsurance rate and rank companies in Colorado?
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:
- 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.
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.
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.
Frequently Asked Questions
Who offers the cheapest teen car insurance rates in Colorado?
State Farm has the cheapest average car insurance rates for teen drivers in Colorado when compared to the other four largest car insurance companies in the state by market share.
Who offers the cheapest car insurance rates for a married couple in Colorado?
For a married couple in Colorado, GEICO has the cheapest average auto insurance rates for the profile we analyzed.
Who offers the cheapest senior car insurance rates in Colorado?
GEICO has the cheapest average car insurance rates for female senior drivers in Colorado while State Farm has the cheapest for male senior drivers among the largest auto insurers in Colorado.