Cheapest Low-Income Car Insurance in Colorado

American National P&C claims the dominant position in Colorado's budget insurance market, securing the lowest rates for virtually every driver category except those with bad credit. The company charges adults just $29 per month, young drivers $34, seniors $33, and maintains competitive pricing for violations including speeding tickets at $35, accidents at $41, and DUIs at $47 monthly.

GEICO steps in as the most affordable choice for bad credit drivers at $52 per month, the only profile where American National P&C doesn't lead. Colorado ranks among the more affordable states nationally, with average minimum coverage sitting well below the $53 national baseline, and costs across the country spanning from Wyoming's $22 monthly average to New York's $121. Within Colorado, the pricing gap between cheapest and most expensive providers remains moderate compared to high-cost states, making it relatively easy for low-income drivers to find budget-friendly coverage.*

*All rates in this table, except for adults, are based on a modified profile of a 40-year-old driver with good credit and a clean record insuring a 2012 Toyota Camry. The age ranges are 22 to 29 for young drivers, 30 to 59 for adults and 60+ for seniors.

Kemper and GEICO split Colorado's family insurance market leadership, with Kemper offering married couples with teens the lowest rate at $49 monthly while GEICO delivers the best deal for couples without children at just $28 per month. Auto-Owners Insurance Co provides single parents with teens the most affordable coverage at $136, significantly higher than the $49 married couples pay through Kemper. 

Colorado ranks well below the $83 national average for families with teenage drivers, positioning it among more affordable states compared to expensive markets like Florida at $164 or Louisiana at $159 monthly. Adding a teen to a Colorado family policy costs approximately $21 when comparing GEICO's married rates ($28 without teens versus Kemper's $49 with teens), while single-parent households pay roughly $87 more monthly than married couples with similar coverage. The state's competitive pricing landscape creates substantial savings opportunities, with gaps reaching $139 between cheapest and most expensive providers for married couples with teens.*

*Rates for couples and single parents with teens apply to a 16-year-old driver. Those for a married couple without children are based on a 40-year-old male with good credit and a clean driving record.

Colorado drivers must meet these minimum car insurance requirements:

• $25,000 in bodily injury liability per person
• $50,000 in bodily injury liability per accident
• $15,000 in property damage liability per accident

If you’re leasing or financing a car, you'll need a split of 100/300/100 liability coverage and comprehensive and collision protection.

American National offers the most affordable car insurance for most low-income drivers in Colorado. High-risk drivers can find competitive rates with Progressive for DUIs, American National for accidents and GEICO for bad credit. Explore various providers using different methods to secure the best deal.

Finding affordable car insurance can be tricky for low-income drivers. Here are answers to common questions to help you save money.

Study Overview

MoneyGeek analyzed Colorado auto insurance rates using data from the Colorado Division of Insurance and Quadrant Information Services.

Data Acquisition, Depth and Analysis

MoneyGeek analyzed 328,384 quotes from 14 companies across 370 ZIP codes to determine the average cost of car insurance for drivers with low income in Colorado.

Sample Driver Profile

We used a sample driver profile with the following attributes to determine average car insurance rates for low-income drivers in Colorado:

• 40-year-old male
• 2012 Toyota Camry LE
• Clean driving record
• 12,000 miles driven annually

To determine rates for specific driver profiles, we adjusted factors such as age, family status, driving history and credit standing.

Our study defines seniors as 60 or older, young drivers as 22 to 29 and adults as 30 to 59. Married couples with a child include 40-year-old male and female drivers with a 16-year-old teen. Single parents with children are 40-year-old male or female drivers with a 16-year-old teen.

Coverage Levels and Deductibles

Our data shows rates for minimum coverage, which follows the requirements set by Colorado law, and offers affordable options for low-income drivers.