bestauto insuranceDenver2022Compare the Cheapest Car Insurance Quotes in Denver, CO
Drivers in Denver typically pay $1,447 per year for auto insurance, which is $3 less than the annual average premium in Colorado. GEICO, the cheapest widely-available insurer, offers an average rate of $872. MoneyGeek evaluated the cheapest by coverage amount and driving history. If you’re focused on quality and cost, MoneyGeek also recommended the best companies in the city.
Compare Auto Insurance Rates
Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.
Advertising & Editorial DisclosureLast Updated: 9/22/2022
Written By |
Mark Fitzpatrick
The cheapest auto insurer for full coverage and minimum liability insurance in Denver is GEICO, but this can vary by coverage amount and driving profile. GEICO is also the cheapest option for drivers with speeding tickets. USAA offers the most affordable rates to military members. MoneyGeek’s rating system identified State Farm as the best company that balances service and affordability.
bestauto insuranceDenver2022The Cheapest and Best Car Insurance in Denver
The Cheapest Car Insurance Companies in Denver
While full coverage car insurance costs more than the minimum state insurance, it offers higher coverage limits. On average, the cheapest insurance providers in Denver for full coverage car insurance are:
- GEICO: $872 per year
- Travelers: $1,012 per year
Military members may opt for policies from USAA, which is the cheapest in the city and costs roughly $686 per year.
The most expensive insurer for full coverage car insurance is Metlife, costing $2,016 per year on average. Depending on your coverage level and driving record, your rates could be different than these averages.
Cheapest Car Insurance in Denver
Full Coverage 100/300/100
- Company100/300/100per year
- 1.$686
- 2.$872
- 3.$1,012
- 4.$1,138
- 5.$1,152
MoneyGeek analyzed car insurance rates in Denver using a sample 40-year-old male driver with a full coverage car insurance policy. Details of the policy limits are in our methodology.
The minimum liability car insurance costs less than full coverage because it has lower limits and excludes comprehensive and collision insurance.
Full coverage car insurance policy contains the state minimum required insurance as well as:
- Comprehensive Insurance: This coverage pays for damages caused by theft, vandalism and other non-accident-related incidents.
- Collision Insurance: Pays for damages on your car resulting from hitting another vehicle or stationary object.
If you have an old vehicle, you may want to consider purchasing the state minimum or liability car insurance since these are cheaper. Purchasing a full coverage policy means that you may end up paying more than the value of your old car in insurance premiums.
Compare Car Insurance Rates in Denver
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
Cheapest Car Insurance in Denver for Minimum Coverage
The state minimum car insurance coverage is the most affordable in Denver. However, it may not offer sufficient coverage after an at-fault accident, and you might need to pay out of pocket to cover any extra costs.
On average, the most affordable minimum coverage car insurance providers in the city include:
- GEICO: $377 per year
- State Farm: $542 per year
For military members, USAA offers the cheapest state minimum car insurance at roughly $297 per year.
Progressive is the most expensive insurer in Denver, at $1,349 per year on average. This is around four times more expensive than GEICO.
State minimum car insurance costs differ based on several factors. Use the table below to see how rates vary across different coverage limits.
Cheapest Minimum Liability Car Insurance in Denver
State Minimum
- CompanyState Minimumper year
- 1.$297
- 2.$377
- 3.$542
- 4.$614
- 5.$622
The state minimum car insurance policy provides the least protection in Denver. It is the minimum required in the city and meets the 25/50/15 limit requirement for all cities in Colorado.
While the state minimum coverage costs less, you may need to pay for some medical or property damage costs if you get involved in an at-fault accident. For example, if you injure a third-party driver in an accident and the medical cost is $40,000, your state minimum coverage will only pay $25,000. You will need to cover the remaining amount.
Colorado Minimum Liability Requirements
- ItemDescription
- Bodily Injury and Property Damage$25,000 per person, $50,000 per accident and $15,000 for property damage. A more protective level is 100/300/100.
Cheapest Car Insurance in Denver if You Have Driving Violations
How much you pay for car insurance in Denver depends on your driving history. Speeding tickets, DUIs and at-fault accidents cause your rates to increase significantly. However, you can reduce your rates over time by improving your record.
On average, the cheapest car insurance companies in Denver for drivers with traffic violations are:
- Cheapest after a ticket: GEICO, $1,108 per year
- Cheapest after an at-fault accident: Travelers, $1,332 per year
- Cheapest after a DUI: State Farm, $1,244 per year
USAA offers the cheapest rates for drivers with speeding tickets and at-fault accidents but is only available to military members.
By comparing rates across providers, you can still find the cheapest car insurance rates even if you have a speeding ticket, DUI or other traffic violation on your driving record.
Cheapest Car Insurance in Denver With a Violation
Speeding Ticket
- CompanySpeeding Ticketper year
- 1.$836
- 2.$1,108
- 3.$1,244
- 4.$1,299
- 5.$1,325
Average Cost of Car Insurance in Denver
Denver$1,447
Colorado$1,450
U.S.$1,424
Drivers who live in Denver pay almost exactly the same amount for car insurance as the average driver in Colorado, and their rate is quite close to the national average as well. The car insurance rate in the city is an average of $1,447, which is just $3 cheaper than the statewide average of $1,450. It is also only about 1.6% more expensive than the national average.
Personalized Quotes to Get You the Cheapest Car Insurance in Denver
Not all drivers have the same circumstances. When shopping for a policy, you must get personalized car insurance quotes in Denver. Insurance companies consider your marital status, age, driving history and credit history, along with the make and model of your vehicle. A personalized quote will ensure that you get the best rate for you, not to mention that regularly getting one allows you to enjoy discounts or rebates. You may also find a cheaper provider as your circumstances change.
Compare Car Insurance Rates in Denver
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
The Best Car Insurance Companies in Denver
MoneyGeek ranked the best car insurance companies in Denver using factors like user satisfaction, financial stability and affordability scores. The top companies combine excellent customer service and affordable rates.
From our findings, the best car insurance companies in Denver overall are:
- State Farm: MoneyGeek score of 90 out of 100
- GEICO: MoneyGeek score of 90 out of 100
USAA had the highest MoneyGeek score, at 100 out of 100. However, it is not ranked among the best providers because its policies are limited to current and former military members as well as their families.
1
USAA
Score:100
2
State Farm
Score:90
3
GEICO
Score:90
4
Allstate
Score:83
5
CSAA
Score:83
6
Liberty Mutual
Score:83
7
American Family
Score:80
8
Travelers
Score:80
9
Safeco
Score:78
10
Farmers
Score:78
11
Progressive
Score:78
12
Nationwide
Score:75
Average Cost of Car Insurance by Postal Code
Location is also a major determinant of car insurance rates in Denver. Different ZIP codes have varying cases of crime, accidents and uninsured motorists. The riskier your ZIP code is, the higher the premium will likely be. In Denver, the most affordable ZIP code for auto coverage is 80229, where residents pay an average of $259 less per year than in 80219, the most expensive ZIP code for car insurance.
- Zip CodeState Minimumper year
- 80229$1,349
- 80221$1,355
- 80233$1,367
- 80239$1,555
- 80219$1,608
Factors That Impact Insurance Costs in Denver
In addition to individual driver needs and history, location-specific factors like the percentage of uninsured motorists and the rate of fatal accidents also contribute to car insurance rates in Denver. How Denver ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
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