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Last updated: May 1, 2023

The Cheapest Car Insurance in Colorado

Review the cheapest coverage options in your state.

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Colorado requires all licensed drivers to carry auto insurance. The cost of your car insurance premiums depends on a number of factors, including age, driving record, and the amount of coverage you purchase. The average annual cost of auto insurance in Colorado is $1,172, which is 12 percent above the national average of $1,047.

In a state with above-average auto insurance costs, you’ll want to shop around to find the best deal. We’ve taken some of the stress out of that process by compiling information on the cheapest car insurance in Colorado.

Cheapest Car Insurance Companies in Colorado


  • 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


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


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


USAA only sells to military members, veterans, and their families.

The Best Car Insurance in Colorado

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

Save With the Cheapest Auto Insurance Companies in Colorado

  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.


In Colorado, it is legal for insurance companies to account for credit score and gender when making decisions about insurance premiums. As a result, men and people with bad credit pay more for car insurance.

How Much Coverage Do You Need?

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

Colorado Department of Motor Vehicle Information

  • 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:


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!

Frequently Asked Questions

What is the average cost of auto insurance in Denver?

The average annual premium in Denver is $2,569, which is 54 percent higher than the average auto insurance rate across the state of Colorado.

How much is the average car insurance per month in Colorado?

The average monthly car insurance payment in Colorado is $98, based on an average annual cost of $1,172, according to the National Association of Insurance Commissioners. This number is based on a number of factors that can vary greatly on an individual basis, including age, driving record, and the make and model of your vehicle. Generally, you may have trouble finding cheap car insurance rates in Colorado, as average costs are higher than the national average of $1,047.

Is it illegal not to have car insurance in Colorado?

Yes, it is illegal not to have car insurance in Colorado. Drivers in Colorado are required to carry liability insurance, including bodily injury to another person or persons, or property damage to another person’s vehicle or property when the insured is at fault for an accident. If you get caught driving without insurance, it could result in a fine of at least $1,000, eight months of license suspension, one year in jail, 40 hours of community service, and four points on your driver’s license.

Is Colorado a no-fault state?

No, Colorado is not a no-fault state. You may sue the responsible party at any time if you get hurt or incur property damage as a result of a car accident.

How long do at-fault accidents stay on your record in Colorado?

A major incident, such as an at-fault collision, stays on your driving record for up to three years in Colorado.


  1. Colorado Car Insurance. USAA. (2023).

  2. Mandatory Automobile Insurance in Colorado. Colorado General Assembly. (2023).

  3. HOUSE BILL 03-1188. General Assembly of the State of Colorado. (2003, May 2).