Colorado Car Insurance Rates
Average insurance prices in Colorado for 2018 are $1,386 every 12 months for full coverage insurance. Comprehensive, collision, and liability cost an estimated $308, $564, and $358, respectively. Pueblo and Denver have the most expensive average rates, and the two most popular companies in Colorado are State Farm and Allstate.
Average rate for full coverage: $1,386
Policy rates broken down by type of insurance:
40-year-old driver, full coverage with $500 deductibles, and good driving record
Average Price Range for Auto Insurance in Colorado
Using a 40-year-old driver as an example, Colorado insurance prices go from the cheapest price of $426 for liability-only coverage to a much higher rate of $2,998 for a policy for a high-risk driver.
These price ranges illustrate why anyone shopping for car insurance should compare rates for a targeted area and their own driving history, instead of depending on average rates.
Use the form below to get accurate rates for your location.
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Recommended Companies for Cheap Colorado Insurance
The chart estimates Colorado auto insurance rates for different coverage choices and risks. The cheapest discount rate is $797. Colorado drivers who use higher $1,000 deductibles will pay $1,188. The average rate for a driver around age 40 using $500 deductibles is $1,386. Using more expensive $100 deductibles for physical damage coverage can cost as much as $1,770. Drivers with multiple violations and accidents could be charged at least $2,998. The price for full coverage insurance for a teenage driver is $5,104.
Auto insurance rates in Colorado are also quite variable based on deductibles and policy limits, your risk profile, and your choice of vehicle.
If you have some driving violations or you were responsible for an accident, you are probably paying $1,600 to $2,200 in extra premium each year, depending on your age. High-risk driver insurance can cost from 43% to 129% more than a normal policy. View High Risk Driver Rates
Using high physical damage deductibles could save up to $590 annually, while increasing your policy's liability limits will increase premiums. Switching from a 50/100 liability limit to a 250/500 limit will increase rates by as much as $322 extra every year. View Rates by Deductible or Liability Limit
The company you choose affects the cost of coverage. Each company has a slightly different rate calculation, and prices can be substantially lower or higher depending on individual risk factors. In Colorado, car insurance prices range from $842 with The Hartford to as much as $2,968 with Unitrin. Companies like Grange, USAA, and Nationwide fall in the middle.Those are not necessarily the prices you would pay, as where you live in Colorado, your vehicle make and model, and your driving record have to be factored in.
|Rank||Company||Market Share||Average Rate|
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Source: National Association of Insurance Commissioners (NAIC) 2015 Market Share Report and The Zebra
An older driver with a good driving record and higher deductibles may pay as low as $1,300 per year on average for full coverage. Rates are much higher for teenage drivers, since even excellent drivers will have to pay at least $5,100 a year. View Rates by Age
The type of car, truck, or SUV you buy is a primary factor in determining the price of car insurance in Colorado. Buying a less expensive and lower-performance model will have a lower insurance cost thanks to cheaper repair costs and reduced frequency of accidents.
The following table shows car insurance premium estimates for some of the more popular vehicles that are insured in Colorado.
|Make and Model||Premium||% to Avg|
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Annual estimated premium for full coverage, $500 deductibles, driver age 40 with clean driving record.
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The area you live in makes a big difference in auto insurance prices. Rural areas could have rates as low as $1,100 a year, while some neighborhoods in Pueblo and Denver may see rates upwards of $1,900. Even different areas close to each other in the same city can have large rate differences.
These geographic rate differences illustrate the importance of getting rates for your specific Colorado zip code.
Since rates can be so different, the only way to figure out who has the best car insurance rates is to compare rates from multiple companies. Every company uses a different method to calculate rates, and quoted rates may be quite different.
Colorado Auto Insurance Articles
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Rate Tables and Charts
Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident
If a financial responsibility filing is required, the additional charge below may also apply.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$104|
|5-yr Claim Free||$89|
|Paid in Full/EFT||$65|
Discounts are estimated and may not be available from every company or in every state.