Non-Owner Car Insurance in Colorado: The Cheapest Options and What You Need to Know

Colorado drivers pay an average of $715 per year for a non-owner car insurance policy. On average, GEICO offers the cheapest rate in the state at $192 per year. Read on to find out more about how non-owner car insurance in Colorado works and when it is the right option.

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Last Updated: 3/5/2022
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Generally, non-owner car insurance is a good option if you frequently rent cars or use car-sharing services. Colorado drivers who need proof of insurance to get their license reinstated also benefit from this type of policy.

Drivers with a clean driving record pay an average of $715 per year for non-owner car insurance in Colorado. The average cost increases to $951 annually for those with a serious driving violation, such as a DUI.

MoneyGeek analyzed non-owner auto insurance costs in Colorado to help you understand when you should or shouldn’t get a policy.

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Cheapest Non-Owner Car Insurance Companies in Colorado

Non-owner car insurance is less expensive than a regular auto insurance policy. You can save more money by shopping around and comparing prices between insurance providers.

MoneyGeek’s analysis found that the cheapest widely available insurance providers for non-owner car insurance in Colorado are:

  • GEICO: $192 per year
  • Travelers: $398 per year

On the other hand, Progressive is the most expensive company, with an average rate of $1,466 per year.

The prices are for a 40-year-old driver with a non-owner car insurance policy with the limits detailed in MoneyGeek’s methodology.

Cheapest Non-Owner Car Insurance Companies in Colorado

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  • Company
    Annual Premium
    Monthly Premium
  • GEICO
    $192
    $16
  • USAA
    $195
    $16
  • Travelers
    $398
    $33
  • State Farm
    $529
    $44
  • Nationwide
    $879
    $73
  • MetLife
    $1,007
    $84
  • Farmers
    $1,052
    $88
  • Progressive
    $1,466
    $122
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How Much Is Non-Owner Car Insurance in Colorado?

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The average rate of non-owner insurance in Colorado for a driver with a clean record is $715 per year. Meanwhile, a traditional auto insurance policy for the same driver costs an average of $864, a difference of $149.

The average cost of non-owner car insurance for drivers with a DUI is $951 per year, while regular car insurance for those with a DUI costs an average of $1,238 annually.

Cheapest SR-22 Non-Owner Car Insurance Companies in Colorado

A major driving violation can lead to license suspension, and SR-22 filing is necessary for reinstatement. You will need proof of insurance when filing an SR-22 in Colorado. If you do not own a vehicle, your most affordable option is non-owner SR-22 car insurance.

The cheapest widely available companies offering non-owner SR-22 insurance for Colorado drivers with a DUI are:

  • GEICO: $365 per year
  • Travelers: $471 per year

USAA non-owner SR-22 car insurance with a DUI costs an average of $346 per year and is the most affordable option for drivers with a military background. The most expensive option is MetLife at $2,033 per year on average.

Cheapest SR-22 Non-Owner Car Insurance Companies in Colorado

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  • Company
    Annual Premium
    Monthly Premium
  • USAA
    $346
    $29
  • GEICO
    $365
    $30
  • Travelers
    $471
    $39
  • State Farm
    $529
    $44
  • Nationwide
    $879
    $73
  • Farmers
    $1,427
    $119
  • Progressive
    $1,559
    $130
  • MetLife
    $2,033
    $169
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What Is Non-Owner Car Insurance in Colorado?

Non-owner car insurance, also called non-owner liability car insurance in Colorado, has liability coverage and meets the minimum car insurance coverage requirement set by the state.

If you want better protection, you can add uninsured or underinsured motorist coverage.

It’s important to note that non-owner car insurance doesn’t include comprehensive and collision insurance, also known as full coverage.

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In Colorado, non-owner car insurance still needs to meet the state minimum coverage requirements, which include:

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

Who Should Get Non-Owner Car Insurance in Colorado?

Non-owner car insurance in Colorado is suitable for certain types of drivers, particularly the following:

  • Drivers who need their license reinstated. If you incur a serious driving violation, such as a DUI, you may get your license suspended. To reinstate your license, you’ll have to file an SR-22 form to prove that your insurance meets the state minimum requirements. Non-owner car insurance is an affordable option.
  • Drivers renting cars or using car-sharing services often. If you rent cars frequently, buying a rental car insurance policy can be much more expensive in the long run. Non-owner car insurance is a cheaper option. It’s also a good option if you drive a borrowed car and the owner’s policy does not have enough coverage.
  • Drivers who currently do not own a vehicle but want to maintain insurance coverage and avoid a lapse. An insurance lapse happens when you give up your car insurance. This can significantly increase your insurance rates. Non-owner car insurance will help maintain your coverage and ensure that your rates remain low for a standard policy in the future.

Who Shouldn’t Get Non-Owner Car Insurance in Colorado?

Non-owner car insurance is not always necessary. If, for example, you are a Denver resident who frequently borrows a car from a friend or relative, you will be covered under their auto insurance policy since they are giving you permission to drive their vehicle. If you only rent a car once in a while, such as when you go on vacation, buying rental car insurance from the rental company is enough.

How to Get Non-Owner Car Insurance in Colorado

MoneyGeek made sure that all insurance providers listed on this page offer non-owner car insurance in Colorado. However, getting an online quote for a policy may not be available for all companies. The best way for you to get non-owner car insurance is to call for a quote. You can check the contact information for the insurance providers listed below.

Contact Non-Owner Car Insurance Companies in Colorado
  • Company
    Contact Number
  • GEICO
    800-207-7847
  • USAA
    800-531-8722
  • Travelers
    866-248-9970
  • State Farm
    800-782-8332
  • Nationwide
    877-669-6877
  • MetLife
    800-422-4272
  • Farmers
    888-327-6335
  • Progressive
    888-671-4405

Frequently Asked Questions About Colorado Non-Owner Car Insurance

While some may find the differences between regular auto insurance and non-owner car insurance confusing, it’s not hard to understand them. Learning the answers to some frequently asked questions about non-owner car insurance in Colorado can help you make the right choice for your needs.

Methodology

MoneyGeek used data gathered in partnership with Quadrant Information Services. The quotes were sourced from various companies across Colorado and calculated for a 40-year-old driver, both with a safe driving record and a DUI. The non-owner car insurance policies in this analysis meet the state minimum car insurance requirements, except for liability insurance that had the following limits:

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

All data for standard auto insurance policies used for comparison had the same limits.