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Insurance providers consider many factors before determining a car insurance rate in Colorado, such as age, number of drivers, coverage levels, driving record and credit history. The company can also make a huge difference in cost.

For example, American National has the cheapest full coverage policy in Colorado at around $541 annually for a 40-year-old, but the same policy costs $668 for a 25-year-old. Of the companies MoneyGeek reviewed quotes for, Acuity is the most expensive for both ages — $1,329 and $1,846, respectively, per year.

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2023

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Average Car Insurance Costs in Colorado (2023)

The average car insurance cost in Colorado is $985 per year for full coverage. There are several factors that affect how much you pay for a policy. Out of those factors, your driving record and coverage amount are the most influential.

Insurance companies in Colorado could charge you the following average rates based on your driving record:

  • Clean record: $985 per year
  • Speeding ticket: $1,313 per year
  • At-fault accident: $1,518 per year
  • DUI: $1,660 per year

These rates are for full coverage car insurance. Minimum coverage insurance has lower rates.

Driving Record
Annual Premium
Monthly Premium

Clean

$431

$36

Clean

$455

$38

Clean

$550

$46

Ticket

$587

$49

Ticket

$641

$53

At-Fault Accident

$690

$57

At-Fault Accident

$752

$63

Ticket

$753

$63

DUI

$755

$63

DUI

$829

$69

At-Fault Accident

$875

$73

DUI

$939

$78

Clean

$971

$81

Clean

$985

$82

Clean

$1,264

$105

Ticket

$1,313

$109

Ticket

$1,338

$112

At-Fault Accident

$1,518

$127

At-Fault Accident

$1,555

$130

DUI

$1,660

$138

Ticket

$1,683

$140

DUI

$1,704

$142

At-Fault Accident

$1,930

$161

DUI

$2,073

$173

Why Are Car Insurance Rates Moderate in Colorado?

The average full coverage car insurance rate in Colorado is slightly lower than the national average of $1,021 — car insurance in the state is moderately priced. The primary reasons behind moderate car insurance rates could be lower vehicle theft rates, lower urban population density and medium traffic density. But if Colorado car insurance is expensive for you, it might be because of your age or driving record.

Average Car Insurance Costs in Colorado by Company

The average cost of car insurance in Colorado might be misleading because costs vary greatly by insurer.

American National offers the lowest-priced minimum coverage insurance at roughly $216 per year, which is the cheapest liability-only policy you can get in Colorado (the company charges around $541 per year for full coverage). Allstate is the most expensive for minimum coverage, charging around $633 a year in Colorado (roughly $1,036 per year for full coverage).

Finding cheap full coverage car insurance in Colorado is possible by shopping around and comparing rates, even though the policy costs more than minimum coverage.

Company
Annual Premium
Monthly Premium

American National P&C

$216

$18

American National P&C

$248

$21

American National P&C

$259

$22

Colorado Farm Bureau

$302

$25

GEICO

$330

$27

Auto-Owners Insurance Co

$364

$30

GEICO

$364

$30

State Farm

$368

$31

GEICO

$368

$31

Auto-Owners Insurance Co

$384

$32

State Farm

$391

$33

American Family

$409

$34

Colorado Farm Bureau

$435

$36

American Family

$443

$37

Kemper

$458

$38

Nationwide

$468

$39

Nationwide

$482

$40

Progressive

$502

$42

State Farm

$502

$42

Kemper

$504

$42

Acuity

$508

$42

Farmers Union Insurance

$514

$43

Auto-Owners Insurance Co

$522

$44

Progressive

$525

$44

Kemper

$526

$44

American National P&C

$532

$44

American National P&C

$541

$45

American Family

$553

$46

Colorado Farm Bureau

$561

$47

Farmers Union Insurance

$563

$47

Acuity

$574

$48

Farmers Union Insurance

$584

$49

Progressive

$589

$49

Farmers

$598

$50

Allstate

$616

$51

Farmers

$629

$52

Allstate

$633

$53

American National P&C

$668

$56

Nationwide

$671

$56

Allstate

$722

$60

Farmers

$739

$62

Acuity

$747

$62

GEICO

$759

$63

GEICO

$765

$64

State Farm

$824

$69

American Family

$835

$70

Colorado Farm Bureau

$837

$70

GEICO

$860

$72

State Farm

$910

$76

Auto-Owners Insurance Co

$925

$77

American Family

$959

$80

Allstate

$969

$81

Progressive

$970

$81

Nationwide

$970

$81

Progressive

$985

$82

Colorado Farm Bureau

$1,021

$85

Auto-Owners Insurance Co

$1,031

$86

Allstate

$1,036

$86

Nationwide

$1,057

$88

Kemper

$1,150

$96

Farmers Union Insurance

$1,158

$96

Farmers

$1,187

$99

American Family

$1,188

$99

State Farm

$1,189

$99

Progressive

$1,205

$100

Kemper

$1,217

$101

Farmers

$1,223

$102

Farmers Union Insurance

$1,248

$104

Allstate

$1,266

$106

Colorado Farm Bureau

$1,281

$107

Acuity

$1,328

$111

Acuity

$1,329

$111

Nationwide

$1,388

$116

Auto-Owners Insurance Co

$1,390

$116

Farmers Union Insurance

$1,442

$120

Kemper

$1,443

$120

Farmers

$1,486

$124

Acuity

$1,846

$154

Insurance Rates

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MONEYGEEK’S COLORADO CAR INSURANCE CALCULATOR

Besides your policy’s coverage limits, your car insurance rate depends on personal factors like age and driving record. You can use MoneyGeek’s Colorado car insurance calculator to estimate your auto insurance cost from multiple insurers.

Average Car Insurance Costs in Colorado by Coverage Level

The average cost of car insurance in Colorado can range from $431 per year for the minimum required coverage to $1,209 per year for the most coverage possible. As you increase liability limits, be prepared to pay a higher cost.

A full coverage policy with comprehensive and collision insurance will significantly increase your car insurance cost in Colorado — hundreds of dollars a year. But you can lower the cost of the policy by increasing your deductible.

Average annual car insurance rates by coverage tier

A minimum coverage policy in Colorado is the cheapest car insurance available. It’s important to know that this policy does not have comprehensive and collision coverage and comes with the lowest-possible liability limits.

You can get increased liability limits, such as 50/100/50 or 100/300/100, in insurance shorthand. A liability-only policy with 50/100/50 has the following:

  • $50,000 in bodily injury liability per person
  • $100,000 in bodily injury liability per accident
  • $50,000 in property damage liability per accident

The maximum liability option you can buy from most insurers is 300/500/300.

With liability-only insurance, you only have financial protection against damage or injuries to others. But adding comprehensive and collision insurance to get a full coverage policy financially protects against damage to your vehicle.

Average Car Insurance Costs in Colorado by Age

Age affects your car insurance cost in Colorado; primarily, young or inexperienced drivers looking for car insurance get more expensive rates. The average cost of a full coverage policy for different age groups is the following:

  • 22–29: $1,264 per year
  • 30–59: $985 per year
  • 60+: $971 per year

You might not notice much of an increase in car insurance from 30 to 60. Your insurance may decrease slightly in your 60s and beyond. And drivers in their 20s often pay a higher rate for car insurance, as do drivers over 30 that are new to the road.

Age
Annual Premium
Monthly Premium

22-29

$550

$46

22-29

$1,264

$105

30-59

$985

$82

30-59

$431

$36

60 +

$455

$38

60 +

$971

$81

Average Car Insurance Costs in Colorado for Teens

Insurers often charge significantly high rates to insure teen drivers. Teens under 18 cannot legally purchase a policy without a parent or guardian as a co-signer, and it is much more cost-effective for them to be on a family policy.

For example, a Colorado family policy with a 16-year-old male driver costs roughly $2,994 annually. But the teen driver pays around $6,807 annually for an individual policy.

Rates may drastically change by age. We found that the cost with a 19-year-old male driver on a family policy is around $2,408 annually. But with a 22-year-old driver on a family policy, the cost is roughly $2,125 a year.

Rates also vary based on gender in Colorado, as male teens often get more expensive quotes than female teens. And what company you choose for car insurance can make a difference in finding cheap car insurance for teen drivers.

Age
Annual Family Premium
Monthly Family Premium
Annual Individual Premium
Monthly Individual Premium

16

$2,843

$237

$6,198

$517

16

$2,994

$250

$6,807

$567

17

$2,777

$231

$5,001

$417

17

$3,018

$252

$5,890

$491

18

$2,424

$202

$4,344

$362

18

$2,539

$212

$4,871

$406

19

$2,302

$192

$2,795

$233

19

$2,408

$201

$3,193

$266

20

$2,414

$201

$2,533

$211

20

$2,521

$210

$2,850

$237

21

$1,831

$153

$1,946

$162

21

$1,891

$158

$2,173

$181

22

$2,000

$167

$1,813

$151

22

$2,125

$177

$1,992

$166

23

$2,038

$170

$1,687

$141

23

$2,178

$182

$1,815

$151

24

$1,956

$163

$1,618

$135

24

$2,054

$171

$1,709

$142

25

$1,824

$152

$1,482

$124

25

$1,880

$157

$1,526

$127

Average Car Insurance Costs in Colorado for New Cars vs. Older Cars

MoneyGeek’s analysis shows that insurers charge an average of $1,291 per year to insure a new vehicle in Colorado with full coverage, which is nearly 28% more than the policy’s cost for an older car.

There are many reasons behind the higher insurance cost of new cars, such as higher cost of repairs, theft rates and actual cash value (ACV).

Since the ACV of a vehicle relates to the amount the insurer will pay in case of a total loss, insuring an older vehicle with a lower ACV may result in a more affordable rate.

New car drivers that lease or finance their car must have full coverage car insurance because it includes comprehensive and collision insurance that covers damages to the vehicle. But even if you own the car outright, having comprehensive and collision insurance is a good idea.

Model Year
Annual Premium
Monthly Premium

2022 Vehicle

$444

$37

2022 Vehicle

$447

$37

2012 Vehicle

$469

$39

2012 Vehicle

$472

$39

2022 Vehicle

$549

$46

2012 Vehicle

$577

$48

2012 Vehicle

$962

$80

2012 Vehicle

$1,012

$84

2022 Vehicle

$1,191

$99

2012 Vehicle

$1,268

$106

2022 Vehicle

$1,291

$108

2022 Vehicle

$1,626

$135

Average Car Insurance Costs in Colorado by Driving Record

Your motor vehicle record significantly affects your auto insurance premium. You could pay the following average rate in Colorado based on your driving history:

  • Clean record: $985 per year
  • Speeding ticket: $1,313 per year
  • At-fault accident: $1,518 per year
  • DUI: $1,660 per year

If your violation is more severe, such as a DUI, insurers will likely charge you a higher rate than someone with, for example, a speeding ticket.

And how much more you pay than a clean record driver can depend on the insurance company, as some penalize drivers with a moving violation more than others. That's why it is important to gather multiple quotes and find the ones offering the cheapest car insurance for drivers with bad records.

Driving Record
Annual Premium
Monthly Premium

Clean

$431

$36

Clean

$455

$38

Clean

$550

$46

Ticket

$587

$49

Ticket

$641

$53

At-Fault Accident

$690

$57

At-Fault Accident

$752

$63

Ticket

$753

$63

DUI

$755

$63

DUI

$829

$69

At-Fault Accident

$875

$73

DUI

$939

$78

Clean

$971

$81

Clean

$985

$82

Clean

$1,264

$105

Ticket

$1,313

$109

Ticket

$1,338

$112

At-Fault Accident

$1,518

$127

At-Fault Accident

$1,555

$130

DUI

$1,660

$138

Ticket

$1,683

$140

DUI

$1,704

$142

At-Fault Accident

$1,930

$161

DUI

$2,073

$173

Average Car Insurance Costs in Colorado by Credit Score

The credit history of a driver may impact the cost of their auto insurance policy in Colorado. Drivers with poor credit-based insurance scores pay an average of $1,641 per year for a full coverage policy, while the same policy costs around $770 per year with an excellent credit history.

The following are the average full coverage car insurance rates based on credit history in Colorado:

  • Excellent: $770 per year
  • Good: $937 per year
  • Fair: $1,144 per year
  • Below fair: $1,358 per year
  • Poor: $1,641 per year

Insurance providers may differ on how they penalize drivers with bad credit scores — compare rates to find insurers offering the most affordable car insurance for drivers with poor credit.

Credit Score
Average Annual Premium
Average Monthly Premium

Excellent

$346

$29

Excellent

$355

$30

Good

$418

$35

Excellent

$427

$36

Good

$429

$36

Fair

$509

$42

Good

$517

$43

Fair

$522

$43

Below Fair

$606

$51

Below Fair

$619

$52

Fair

$633

$53

Poor

$692

$58

Poor

$708

$59

Excellent

$722

$60

Excellent

$738

$62

Below Fair

$760

$63

Excellent

$770

$64

Excellent

$772

$64

Excellent

$787

$66

Excellent

$808

$67

Poor

$873

$73

Good

$878

$73

Good

$898

$75

Good

$937

$78

Good

$939

$78

Good

$958

$80

Excellent

$959

$80

Excellent

$960

$80

Good

$984

$82

Excellent

$1,008

$84

Fair

$1,070

$89

Fair

$1,096

$91

Fair

$1,144

$95

Fair

$1,146

$95

Fair

$1,172

$98

Good

$1,172

$98

Good

$1,172

$98

Fair

$1,205

$100

Good

$1,233

$103

Below Fair

$1,265

$105

Below Fair

$1,299

$108

Below Fair

$1,355

$113

Below Fair

$1,358

$113

Below Fair

$1,394

$116

Fair

$1,433

$119

Below Fair

$1,434

$120

Fair

$1,437

$120

Fair

$1,514

$126

Poor

$1,518

$127

Poor

$1,566

$130

Poor

$1,633

$136

Poor

$1,641

$137

Poor

$1,679

$140

Below Fair

$1,705

$142

Below Fair

$1,714

$143

Poor

$1,731

$144

Below Fair

$1,814

$151

Poor

$2,061

$172

Poor

$2,078

$173

Poor

$2,195

$183

Average Car Insurance Costs in Colorado by City

A policyholder’s city in Colorado and even their ZIP code have an impact on the cost of car insurance. MoneyGeek found that the most expensive full coverage policy is in Denver, with an average cost of $1,142 per year. The least expensive full coverage policy is available in Fort Collins at roughly $857 annually.

Denver may be more expensive than the average cost in the state and other cities because of a denser population or higher car theft rate.

City
Full Coverage Annual Premium
Minimum Coverage Annual Premium

Arvada

$1,250

$576

Arvada

$975

$451

Arvada

$965

$476

Aurora

$1,420

$653

Aurora

$1,103

$509

Aurora

$1,092

$537

Boulder

$1,151

$534

Boulder

$895

$419

Boulder

$886

$442

Centennial

$1,298

$611

Centennial

$1,009

$478

Centennial

$1,000

$503

Colorado Springs

$1,296

$559

Colorado Springs

$1,014

$438

Colorado Springs

$994

$461

Denver

$1,469

$662

Denver

$1,142

$518

Denver

$1,128

$545

Fort Collins

$1,093

$487

Fort Collins

$857

$384

Fort Collins

$842

$404

Greeley

$1,131

$484

Greeley

$886

$380

Greeley

$868

$401

Highlands Ranch

$1,259

$580

Highlands Ranch

$983

$454

Highlands Ranch

$971

$478

Lakewood

$1,336

$598

Lakewood

$1,045

$468

Lakewood

$1,026

$493

Pueblo

$1,348

$557

Pueblo

$1,063

$437

Pueblo

$1,028

$459

Thornton

$1,314

$618

Thornton

$1,019

$483

Thornton

$1,013

$510

Westminster

$1,262

$585

Westminster

$981

$458

Westminster

$974

$483

Insurance Rates

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FAQ About Car Insurance Costs in Colorado

You might have many questions regarding car insurance in Colorado. MoneyGeek answered the following frequently asked questions to help you understand your available options and other essential details.

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.

Mark earned a master’s degree in Economics and International Relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.