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Last updated: May 27, 2025
Compare Cheap Auto Insurance in Colorado
The cheapest auto insurance in Colorado will depend on various factors, including your age, driving history and credit. Auto-Owners, Farm Bureau, GEICO and USAA tend to have the cheapest rates in the state.
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The average cost of full coverage auto insurance in Colorado is $2,365 per year, which is slightly below the national average of $2,399. For minimum coverage, the average cost is $628, which is right around the national average of $635. However, rates vary widely depending on your location and driving profile, so it’s best to compare quotes to find the best deal. Below, we outline the average costs and the insurers that offer the most competitive rates.
Overview
- The average cost of full coverage auto insurance in Colorado is $2,365 annually, and the annual average for minimum coverage is $628.
- Auto-Owners has the cheapest full coverage in Colorado and also stands out for exceptional customer service. USAA offers cheap rates and quality service, but it’s limited to military members, veterans and their families.
- GEICO and Farm Bureau also have lower-than-average rates in Colorado. Depending on your driver profile, you may also get a competitive quote from State Farm.
Jump to:
- Cheapest full coverage auto insurance in Colorado: Auto-Owners ($1,698 annually) and Farm Bureau ($1,758 annually)
- Cheapest minimum coverage: Farm Bureau ($378 annually) and USAA ($435 annually)
- Cheapest with a teen driver: American Family ($5,094 annually) and USAA ($5,204 annually)
- Cheapest with a speeding ticket: State Farm ($1,793 annually) and American National ($1,848 annually)
- Cheapest with an at-fault accident: Farm Bureau ($2,538 annually) and USAA ($2,672 annually)
- Cheapest with a DUI: Farm Bureau ($2,892 annually) and State Farm ($3,000 annually)
- Cheapest with low credit: GEICO ($2,661 annually) and USAA ($3,602 annually)
Cheapest Car Insurance in Colorado for Full Coverage: Auto-Owners
Auto-Owners has the cheapest full coverage car insurance in Colorado, with an average annual premium of $1,698. Farm Bureau and GEICO also provide competitive rates, with annual averages of $1,758 and $1,791, respectively.
| Provider | Annual full coverage | Monthly full coverage |
|---|---|---|
| Auto-Owners | $1,698 | $142 |
| Farm Bureau | $1,758 | $147 |
| GEICO | $1,791 | $149 |
| USAA | $1,870 | $156 |
| American Family | $1,953 | $163 |
| State Farm | $2,058 | $172 |
| Progressive | $2,329 | $194 |
| Allstate | $3,002 | $250 |
| Farmers | $3,593 | $299 |
| Colorado average | $2,365 | $197 |
| National average | $2,399 | $200 |
Cheapest Car Insurance in Colorado for Minimum Coverage: Farm Bureau
For minimum coverage, Farm Bureau and USAA offer the cheapest rates in Colorado, at $378 and $435 annually, respectively. Both rates are lower than the state average of $628.
| Provider | Annual minimum coverage | Monthly minimum coverage |
|---|---|---|
| Farm Bureau | $378 | $32 |
| USAA | $435 | $36 |
| GEICO | $478 | $40 |
| Progressive | $539 | $45 |
| State Farm | $676 | $56 |
| Auto-Owners | $684 | $57 |
| American Family | $690 | $58 |
| Allstate | $1,296 | $108 |
| Farmers | $1,346 | $112 |
| Colorado average | $628 | $52 |
| National average | $635 | $53 |
Cheapest Car Insurance in Colorado for Teen Drivers: American Family
Teen drivers face higher premiums due to their lack of experience. True to its name, American Family offers the cheapest auto insurance rates for households with teen drivers, with an average annual cost of $5,094. USAA ($5,204 annually) and GEICO ($5,261 annually) are the next cheapest for families with teens. USAA also offers a discount for young drivers who are transitioning off a family policy onto their own.
| Provider | Annual rate with a teen driver | Monthly rate with a teen driver |
|---|---|---|
| American Family | $5,094 | $425 |
| USAA | $5,204 | $434 |
| GEICO | $5,261 | $438 |
| American National | $6,480 | $540 |
| State Farm | $6,598 | $550 |
| Auto-Owners | $6,852 | $571 |
| Allstate | $6,917 | $576 |
| Progressive | $10,446 | $871 |
| Farmers | $14,153 | $1,179 |
| Colorado average | $7,576 | $631 |
| National average | $5,327 | $444 |
HEADS UP:
Younger drivers, especially young men, typically face higher rates. Check out our guide to adding a teen driver to your car insurance policy.
Cheapest Car Insurance in Colorado With a Speeding Ticket: State Farm
Getting a speeding ticket can raise your insurance premiums, sometimes significantly. In Colorado, insurers may increase rates by around 20 to 30 percent after a ticket, depending on the severity and frequency of the violations on your driving record. You can mitigate the cost increase by shopping around for insurers that are more forgiving of minor infractions.
State Farm has the lowest average car insurance rate in Colorado for drivers with a speeding ticket, at $1,793. American National ($1,848 annually, on average) is the next cheapest.
| Provider | Annual rate with a speeding ticket | Monthly rate with a speeding ticket |
|---|---|---|
| State Farm | $1,793 | $149 |
| American National | $1,848 | $154 |
| USAA | $2,380 | $198 |
| American Family | $2,467 | $206 |
| GEICO | $2,502 | $209 |
| Allstate | $3,142 | $262 |
| Progressive | $3,448 | $287 |
| Farmers | $4,899 | $408 |
| Colorado average | $2,994 | $250 |
| National average | $2,511 | $209 |
Cheapest Car Insurance in Colorado With an At-Fault Accident: Farm Bureau
Causing an accident can hike your premiums by 40 percent or more. The severity and cost of the accident further influence the increase. If you have accident forgiveness with your current insurer, you might avoid this increase for a first-time incident. Otherwise, you can explore competitive rates from other companies to help you find a better deal.
In Colorado, Farm Bureau has the lowest average rate for drivers after an at-fault accident, at $2,538. However, State Farm’s rate increased the least from pre-accident rates. If you are already a State Farm customer, it might be best to stick with that insurer after an accident.
| Provider | Annual rate with an at-fault accident | Monthly rate with an at-fault accident |
|---|---|---|
| Farm Bureau | $2,538 | $212 |
| USAA | $2,672 | $223 |
| State Farm | $2,815 | $235 |
| American Family | $2,845 | $237 |
| GEICO | $3,476 | $290 |
| Progressive | $4,233 | $353 |
| Farmers | $4,961 | $413 |
| Allstate | $4,986 | $416 |
| Colorado average | $3,692 | $308 |
| National average | $2,821 | $235 |
Cheapest Car Insurance in Colorado With a DUI: Farm Bureau
A DUI conviction can cause insurance premiums to double or even triple. It categorizes you as a high-risk driver, making it harder to find affordable coverage. You may also need to file an SR-22 form to prove you carry the state’s minimum required coverage.
Farm Bureau has the lowest average rates for drivers with a DUI, at $2,892 annually. State Farm ($3,000 annually) is the next cheapest, which is one of the reasons we named it the best auto insurance in Colorado after a DUI. Progressive ($3,271 annually) also has rates below the state average and is known nationally as a major carrier that accepts drivers with DUIs. It’s crucial to compare quotes from multiple providers to find insurance, as some specialize in high-risk coverage.
| Provider | Annual rate with a DUI | Monthly rate with a DUI |
|---|---|---|
| Farm Bureau | $2,892 | $241 |
| State Farm | $3,000 | $250 |
| Progressive | $3,271 | $273 |
| American Family | $3,534 | $295 |
| GEICO | $3,643 | $304 |
| USAA | $3,747 | $312 |
| Allstate | $3,762 | $314 |
| Farmers | $4,338 | $362 |
| Nationwide | $6,257 | $521 |
| Colorado average | $3,795 | $316 |
| National average | $3,305 | $275 |
Cheapest Car Insurance in Colorado With Low Credit: GEICO
Colorado insurance laws allow credit scores to affect your premiums. Drivers with lower credit may pay substantially more, as insurers link credit history to risk. To find lower rates, consider working with companies that place less weight on credit scores or offer discounts for policy bundling and safe driving.
In Colorado, GEICO has the lowest average rate for drivers with low credit, at $2,661 annually. USAA’s average rate ($3,602 annually) also falls below the statewide average.
| Provider | Annual rate with low credit | Monthly rate with low credit |
|---|---|---|
| GEICO | $2,661 | $222 |
| USAA | $3,602 | $300 |
| Nationwide | $4,212 | $351 |
| Progressive | $4,345 | $362 |
| Allstate | $4,756 | $396 |
| State Farm | $5,267 | $439 |
| Farmers | $5,843 | $487 |
| Colorado average | $4,365 | $364 |
| National average | $3,377 | $281 |
Best Claims and Customer Satisfaction in Colorado: Auto-Owners and USAA
Auto-Owners scored above average for customer satisfaction in the Southwest, according to a recent J.D. Power survey. It also made the honor roll in CRASH Network’s Insurer Report Card, which surveys collision repair shop professionals on insurers’ claims practices. USAA consistently ranks the highest in both claims satisfaction and customer service in Colorado, according to J.D. Power surveys. Although USAA is excluded from the official rankings due to its eligibility requirements, its ratings are exceptional.
| Provider | Southwest customer satisfaction (J.D. Power)1 | Claims satisfaction (J.D. Power)2 | CRASH Network Insurer Report Card grade3 |
|---|---|---|---|
| USAA | 733 | 726 | D+ |
| Auto-Owners | 659 | 692 | B (B+ in Great Lakes region) — honor roll |
| American Family | 656 | 692 | C+ |
| State Farm | 646 | 710 | C- |
| Allstate | 633 | 691 | D |
| Nationwide | 618 | 728 | C |
| GEICO | 618 | 692 | C- |
| Progressive | 614 | 672 | C |
| Farmers | 599 | 706 | C- |
| Average | 635 | 697 | C+ |
How to Find the Cheapest Rates in Colorado
Colorado drivers should compare multiple quotes and take advantage of discounts to secure the best rates. Here’s how:
- Compare multiple quotes. Rates vary by insurer, so it helps to shop around.
- Bundle policies. You can often get a discount when you purchase car insurance and homeowners or renters insurance from the same company. Ask insurers for other discounts for things like safe driving, good student status, or military service.
- Drive safely. You can lower your rates by maintaining a clean driving record.
- Increase your deductible. Consider raising your deductible to reduce your monthly premiums.
Average Auto Insurance Cost in Colorado by City
Geography plays a part in your auto insurance premium. Here’s a breakdown of what you might pay in various cities across Colorado:
| City | Annual full coverage | Monthly full coverage |
|---|---|---|
| Boulder | $2,105 | $175 |
| Arvada | $2,224 | $185 |
| Fort Collins | $2,258 | $188 |
| Pueblo | $2,492 | $208 |
| Colorado Springs | $2,601 | $217 |
| Denver | $2,692 | $224 |
| Aurora | $2,750 | $229 |
Minimum Car Insurance Requirements in Colorado
Colorado law mandates the following minimum auto insurance coverage:
- Bodily injury liability: $25,000 per person / $50,000 per accident
- Property damage liability: $15,000 per accident4
- Uninsured/underinsured motorist coverage: Not required, but strongly recommended5
Although minimum coverage may seem affordable, it might not provide sufficient protection in a serious accident. Consider increasing your coverage limits based on your needs.
DID YOU KNOW?
In Colorado, 18 percent of drivers are uninsured, making it one of the top 10 states for uninsured drivers.6
Frequently Asked Questions
Is Colorado an expensive state for car insurance?
Colorado’s average cost of full coverage auto insurance ($2,365) is right around the national average ($2,399). With an annual average of $628, minimum coverage auto insurance in Colorado is also right around the national average of $635 per year.
What car insurance coverage should I have in Colorado?
Colorado law requires at least bodily injury and property damage liability coverage. However, it’s wise to increase your liability limits above the state minimum, to $100,000/$300,000/$100,000, and to add comprehensive, collision and uninsured/underinsured motorist coverage if you can afford it.
How much is the average car insurance per month in Colorado?
The average cost of full coverage auto insurance in Colorado is $197 per month, while minimum coverage costs about $52 per month.
Staff Writer
Kate Romain combines her dedication to research with her love for writing and communications to deliver informative, comprehensive articles for those exploring insurance options. Her years of professional experience in writing and communications have well-equipped her to assist customers get the information they need to make smart insurance choices. Kate has also written for GigWolf, Boston Medical Center, and non-profit Writers Without Margins. She holds a BA in History and Politics and an MA in Creative Writing, both from the University of East Anglia.
Citations
2024 U.S. Auto Insurance Study. J.D. Power. (2024, Jun 1).
https://www.jdpower.com/business/press-releases/2024-us-auto-insurance-study2024 U.S. Auto Claims Satisfaction Study. J.D. Power. (2024, Oct 29).
https://www.jdpower.com/business/press-releases/2024-us-auto-claims-satisfaction-study2025 Insurer Report Card. CRASH Network. (2025).
https://www.crashnetwork.com/irc/Mandatory Automobile Insurance in Colorado. Colorado General Assembly. (2025).
https://leg.colorado.gov/content/mandatory-automobile-insurance-coloradoOptional Automobile Insurance Coverage. Colorado General Assembly. (2025).
https://leg.colorado.gov/content/optional-automobile-insurance-coverageFacts + Statistics: Uninsured Motorists. Insurance Information Institute. (2025).
https://www.iii.org/fact-statistic/facts-statistics-uninsured-motorists
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