The Cheapest Car Insurance in Colorado

Coverage

• Full-coverage car insurance: American National, $960 per year
• Minimum-coverage car insurance: American National, $216 per year

Driving Record

• Good driving record: GEICO, $312 per year
• Bad driving record: State Farm, $1,284 per year

Teens

• Male teens: Kemper, $1,393 per year
• Female teens: Kemper, $2,015 per year

Military

• Current military personnel: USAA, $2,412 per year
• Veterans: USAA, $2,412 per year¹

• Allstate
• American Family
• Auto-Owners
• Colorado Farm Bureau
• Farmers
• GEICO
• Nationwide
• Progressive
• State Farm
• USAA

1. Get discounts from your provider. Save money on your car insurance by asking your agent for discounts. Common discounts from auto insurance providers include safe driving, bundling home and auto insurance, good student, and paid-in-full/good payer.
2. Opt for minimum coverage. Colorado requires automobile owners to carry liability insurance, at a minimum.² Sticking to the minimum required coverage means you’ll have the lowest possible prices on auto insurance; however, if you have a claim that costs more than your coverage limits, you’ll have to pay out of pocket for the other party’s damages and your own. Similarly, accidents with uninsured motorists will require collision coverage, as well as medical payments coverage for your and your passengers’ injuries.
3. Shop the market. Sometimes the best way to save money on your auto insurance premium is to switch your auto insurance provider.
4. Raise your deductible. A higher deductible translates to lower monthly premiums. Keep in mind, however, that you shouldn’t raise your deductible to a higher amount than you can pay out of pocket if you get into an accident tomorrow.

The minimum required car insurance for Colorado drivers is as follows.

• Property damage liability: There is a per-accident minimum of $15,000 in property damage liability. Property damage liability pays for damage to another person’s vehicle or property that you or someone else made while driving your car.
• Bodily injury liability: The bodily injury liability coverage limit is $25,000 if the incident involves one person, or $50,000 if the incident involves two or more parties. This only applies to people outside of your car.

Colorado allows you to self-insure only if you own more than 25 registered vehicles. You must apply for a certificate of self-insurance from the state insurance commissioner, whose job is to ensure that you can pay the minimum coverage the state requires. The insurance commissioner will determine the minimum required collateral.³

• Mail:
  • Department of Revenue
  • Division of Motor Vehicles
  • Section Name (Driver Control, Titles, Registration, etc.)
  • P.O. Box 173350
  • Denver, CO 80217-3350
• Phone: (303)-205-5600
• URL: https://dmv.colorado.gov/contact-us-dmv

The best way to find the cheapest auto insurance in Colorado is to shop around with different providers and compare car insurance quotes. Even if you’re happy with your current rate, it’s always worth getting quotes from providers known to offer cheap rates in your state. Average rates differ depending on zip code and other factors, so the cheapest car insurance rates may be different even for the exact same state minimums.

We recommend requesting quotes from American National, GEICO, Kemper, and State Farm. If you’re a member of the military or a veteran, USAA is usually the cheapest option. Don’t forget to ask about discounts that you qualify for — they could make a big difference to your premium!