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.
bestauto insuranceDenver2021The Cheapest and Best Car Insurance in Denver
The Cheapest Car Insurance Companies in Denver
In Denver, the most affordable car insurance companies for a full coverage policy are:
- USAA: $686 per year (only available to former and current military members)
- GEICO: $872 per year
In Denver, USAA has the lowest average annual premium of $686, but most people can’t purchase insurance from USAA because they only sell to military personnel and their families. With this in mind, the cheapest option for most people in Denver is GEICO, with an average rate of $872 per year. This is less than half as expensive as the city’s most costly providers, MetLife and Progressive.
The prices used for this study are based on a 40-year-old male driver with a full coverage policy, which includes liability insurance as well as comprehensive and collision insurance.
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- CompanyAmountper year
- 1.$686
- 2.$872
- 3.$1,012
- 4.$1,138
- 5.$1,152
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.
The Best Car Insurance Companies in Denver
MoneyGeek rated auto insurance companies in Denver to help drivers looking for a balance of affordability and quality service. Based on MoneyGeek’s scoring system, the best insurers in Denver for most drivers are:
- State Farm: MoneyGeek score of 90 out of 100
- GEICO: MoneyGeek score of 90 out of 100
USAA received the highest score in Denver by MoneyGeek's rating system. However, because USAA is only available to military members, veterans and their families, it is not listed as best overall.
To calculate the final scores out of 100, MoneyGeek evaluated various factors like J.D. Power user satisfaction, affordability and financial stability.
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
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.
Shopping around for car insurance in Denver could save you $575, which is enough to buy:
192Cups of Coffee
44Months of Your Favorite Streaming Service
Cheapest Car Insurance in Denver by Coverage Amount
In Denver and elsewhere, how much coverage you choose for your auto insurance will affect the price. A policy meeting only the state minimums costs an average of $810 in Denver. On the other hand, the average rate for a full coverage policy with higher liability limits is $1447 per year. That is a difference of $637.
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.
A state minimum liability-only policy is the cheapest option, so drivers may be tempted to opt for it. GEICO charges just $377 on average, per year, for this coverage, while a 50/100/50 liability-only policy costs an average of $469. This policy provides $50,000 of coverage for an individual’s injuries — with a limit of $100,000 per vehicle — and $50,000 for property damage. If you want to upgrade to 50/100/50 full coverage, GEICO charges an average of $715 per year. If you can afford it, it’s typically advisable to go for comprehensive coverage to keep yourself protected.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
Liability Only
- CompanyState Minimumper year50 / 100 / 50per year
- 1.$297$344
- 2.$377$469
- 3.$614$701
- 4.$542$663
- 5.$622$678
Full Coverage
- Company50 / 100 / 50per year100 / 300 / 100per year
- 1.$640$686
- 2.$715$872
- 3.$998$1,012
- 4.$1,009$1,152
- 5.$1,154$1,198
Cheapest Car Insurance in Denver if You Have Driving Violations
Drivers in Denver who have a clean record typically pay around $872 per year for comprehensive coverage from GEICO. However, if you have violations on your record, such as speeding tickets, at-fault accidents and DUIs, expect a more expensive rate. With GEICO, a speeding violation means you’ll add an average of $236 to the annual premium. You’ll also need to pay an average of $630 if you were at fault in an accident and an average $1,167 extra if you get a DUI on your record.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
- 1.$836$983$1,328
- 2.$1,244$1,335$1,244
- 3.$1,299$1,332$1,734
- 4.$1,108$1,502$2,039
- 5.$1,325$1,636$1,565
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
top ratedCar Insurance agentsDenver2021Top Agents Offering Affordable Car Insurance in Denver
1. Square State Insurance1312 17th St, Ste 188, Denver, CO, 80202
2. Longevity Insurance Brokers100 Fillmore St, Fl 5, Denver, CO, 80206
3. Steve Cronin - State Farm Insurance Agent1610 Wynkoop St, Ste 115, Denver, CO, 80202
4. Denver Insurance1127 Auraria Pkwy, Ste 22, Denver, CO, 80204
5. All Insurance Agency67 Knox Ct, Denver, CO, 80219
Insurance Providers That Serve Denver
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.
Methodology and Assumptions
MoneyGeek’s average premium rates for Denver are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.
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