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Simply input your ZIP code, and allow us to guide you towards the most beneficial car insurance in your vicinity. We are like detectives of insurance policies, committed to sniffing out the most affordable coverage for you. We diligently compare all available insurers, recommend the optimal deductibles, and tirelessly search for every possible discount. We're here to ensure you get the best deal on your auto insurance!
Car Insurance in Colorado
What's the average cost of car insurance in Colorado and which company has the cheapest car insurance?
How much does car insurance cost in Colorado?
Let's explore the cost of auto insurance in Colorado and how it affects your wallet.
Car insurance in Colorado is not the most expensive, but rates are still above average compared to other U.S states. Although average rates are around $2,007 in larger cities, the price of car insurance can exceed $3,813 annually, especially for teenage drivers and for those with a bad driving record. Bodily injury (BI) liability coverage, for which the minimum insurance limits are set at $25000, is an insurance cover that helps you pay for medical expenses related to the other driver’s injuries. Property damage (PD) liability coverage pays toward property damage that you cause to others involved in a traffic accident. In Colorado, you are required to comply with the minimum PD liability insurance limits of $50000. Keep reading and find out who has the cheapest car insurance quotes in Colorado in 2023.
| minimum full coverage premium | average full coverage premium | |
|---|---|---|
| Colorado | $525 | $2,007 Your Rates? Get Quotes |
| Teen Drivers | $525 | $3,613 Your Rates? Get Quotes |
When deliberating on the best cheap car insurance in Colorado, there's no definitive answer. Generally speaking, policyholders in Colorado pay approximately $2,007 yearly for a full coverage premiums; however this number can differ considerably depending on your individual factors such as age and driving record. For example if you are a young driver under 25 years old then be prepared to face premiums of up to $3,211 annually!
On the other hand if you're an experienced motorist with good credit score and clean driving history then full-coverage policies may cost as little as only $1,004 per year. When it comes to finding the most affordable auto insurance in Colorado, GEICO offers some of the best rates around with an average cost of just $1,445 per year. Mercury is only slightly more expensive at $1,525 while Progressive rings in at close to $1,646 annually. State Farm and Allstate have annual rates approaching roughly $1,766 each year depending on where you live.
Minimum car insurance coverage in Colorado starts at $525Auto insurance requirements in Colorado
What does Colorado law mandate when it comes to vehicle coverage?
The State of Colorado has insurance limits for bodily injury liability per accident set at $50,000, which is the average rate across the United States. The minimum bodily injury liability coverage per person in Colorado is $25,000. This is relatively small and if you can afford it, definitely increase this amount according to your financial possibilities. Remember that the per-person limit applies to each person injured in an accident in Colorado. If you caused an accident in Colorado (if you're at fault), your property damage liability insurance coverage can cover up to a total of $15,000 for the other party's vehicle repairs.
| Minimum Coverage Type | Coverage Limits in CO |
|---|---|
| Bodily injury liability per person in Colorado | $25,000 Get Quotes |
| Bodily injury liability per accident in Colorado | $50,000 Get Quotes |
| Property damage liability per accident in Colorado | $15,000 Get Quotes |
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The typical annual cost of car insurance in California is approximately $2,007. Nonetheless, prices can vary depending on your location; in particular for smaller cities and towns the average rates might be as low as $1,004 a year! Moreover, you may want to know that basic liability coverage which meets with all minimum requirements set by state law starts at only $525 a year - this would mean less than sixty dollars each month. Are you curious about how much money could you save? All it takes is entering either the city or zip code in our website search tool...
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