How much is the average car insurance in Colorado?

Who has the cheapest car insurance in Colorado?

Find Cheap Auto Insurance Quotes in Colorado

Rank Company Average annual rate
1 State Farm $438
2 Geico $589
3 Progressive $648
4 Allstate $737

What is the average cost of car insurance in Colorado?

The average car insurance rate in Colorado is $1,757 per year — 14% more than the national average. Aside from where you live, car insurance premiums are impacted by many factors. Auto insurance prices are based on a number of components, including your credit score, driving record, age, gender, and marital status.

How much does car insurance cost per month in Colorado?

In our research, we found that average car insurance cost in Colorado (CO) is $553 per year ($46 monthly) for a state minimum and $1,948 yearly ($162 monthly) for a full coverage policy.

Why is Colorado car insurance so high?

Car insurance in Colorado is expensive because the state has several densely populated cities with more drivers and more accidents, which drives rates up. In Colorado, you can expect to pay approximately $1,696 per year for full coverage car insurance or $636 per year for minimum coverage.

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What car insurance do I need in Colorado?

For motor vehicles, Colorado law requires the following minimum amount of liability insurance:

  1. $25,000 per person for bodily injury.
  2. $50,000 per accident for bodily injury.
  3. $15,000 per accident for property damage.

What is the minimum auto insurance coverage in Colorado?

Minimum insurance requirements for Colorado

The minimum amount of Colorado auto insurance coverage is $25,000/$50,000/$15,000. In the event of a covered accident, your limits for bodily injury are $25,000 per person, with a total maximum of $50,000 per incident.

Is car insurance in Colorado expensive?

Auto insurance is slightly more expensive than average in Colorado. The typical car insurance rate in Colorado is $1,435 per year — more than the national average by 0.6%. … Auto insurance premiums price based on a number of components, including your credit score, driving record, age, gender, and marital status.

What car insurance is the cheapest for full coverage?

GEICO, State Farm and USAA have the most affordable rates for full coverage car insurance for the average driver.

What is full coverage insurance in Colorado?

Full coverage insurance in Colorado is usually defined as a policy that provides more than the state’s minimum liability coverage, which is $25,000 in bodily injury coverage per person, up to $50,000 per accident, and $15,000 in property damage coverage.

Is car insurance cheaper in Colorado than California?

Expect to pay more for car insurance once you move. The typical annual auto insurance rate in California is $291 pricier than the average expense in Colorado. The exact cost will depend on your coverage level, driving and insurance history, and your auto insurance company.

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What is a fair price for car insurance?

The national average cost of car insurance is $1,592 per year, according to NerdWallet’s 2021 rate analysis. That works out to an average car insurance rate of about $133 per month. But that’s just for a good driver with good credit — rates vary widely depending on your history.

What is the best car insurance in Colorado?

Best car insurance companies in Colorado

Provider Average annual full coverage premium J.D. Power customer satisfaction score (Southwest region)
American Family $1,909 834/1,000
Geico $1,106 834/1,000
Progressive $3,024 803/1,000
State Farm $1,696 826/1,000

What are the worst insurance companies?

The following list contains the 11 WORST insurance companies in America:

  • State Farm. …
  • Anthem. …
  • Farmers. …
  • UnitedHealth. …
  • Global Life. …
  • Liberty Mutual. …
  • USAA. …
  • Progressive.


Who is the number 1 insurance company?

The Largest Auto Insurance Companies

1 State Farm 16.73%
2 Allstate 9.88%
3 Progressive 9.71%
4 Geico (Berkshire Hathaway) 9.49%
5 USAA 6.41%

Why is Colorado so expensive?

Classic supply and demand models combined with the fact that there is a finite amount of land and builders can’t keep up have caused real estate prices to skyrocket. … When coming from California where the median home price is $615,090 makes Colorado’s median price single family home of $428,364 look small.

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