Non-owner car insurance protects you against bodily injury and property damage liabilities if you’re involved in an accident when using a borrowed or rented car. You may also use non-owner auto insurance as proof of coverage to have your license reinstated after a severe driving violation, like a DUI.
In Colorado, our analysis finds that GEICO has the lowest average non-owners car insurance rates for drivers with a clean record and drivers with violations. The same company offers the best coverage for customers interested in balancing costs and exceptional service.
Table of Contents
Cheapest Non-Owner Car Insurance in Colorado
- Drivers with clean records: GEICO ($24 per month)
- Drivers with violations: GEICO ($38 per month)
Insurance providers charge higher premiums after a traffic infraction. In Colorado, you will pay an average of $14 more per month for the cheapest non-owners insurance if you have a violation on your record.
Cheapest Non-Owner Car Insurance With a Clean Driving Record in Colorado
- GEICO: $24 per month
- Auto-Owners: $30 per month
Colorado drivers with a military connection may opt for a non-owner car insurance policy from USAA at an average monthly premium of $24.
The average monthly cost of non-owner insurance from the most affordable providers in Colorado is $27, much cheaper than the national average of $43. Note that your actual rate may differ depending on your unique profile and coverage preferences.
Compare Auto Insurance Rates
Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.
The minimum coverage car insurance limits for a standard policy also apply to non-owner car insurance. Colorado’s required liability limits include the following:
- $25,000 for bodily injury liability per person
- $50,000 for bodily injury liability per accident
- $15,000 for property damage liability
A policy that only meets the minimum requirements may be the most affordable but insufficient for your coverage needs. Before purchasing a policy, you should determine how much coverage you require.
Cheapest Non-Owner SR-22 Car Insurance in Colorado
- GEICO: $38 per month
- State Farm: $40 per month
USAA offers non-owners the most affordable SR-22 insurance, with an average monthly cost of $35. However, only current and former military members and their families are eligible for these policies.
In most states, including Colorado, an SR-22 demonstrates proof of insurance after a severe traffic violation like an at-fault accident or DUI. These kinds of traffic offenses tend to increase your rates significantly. Colorado’s most affordable SR-22 non-owner insurance policies average $39 monthly, lower than the national average by $20.
An SR-22 proves to the state that you meet the mandatory coverage limits after a severe traffic violation, such as an at-fault accident or a DUI. It is not a type of insurance policy. Your insurer files the SR-22 form with the Colorado Division of Motor Vehicles on your behalf.
If your SR-22 is not kept current, your insurer will inform the state that the form is no longer in effect despite being required. This breach may result in the suspension of your driver's license.
What Is Non-Owner Car Insurance?
If you use a rented or borrowed vehicle but need auto insurance in Colorado, non-owner car insurance is an option for financial protection.
Non-owner car insurance must meet the state’s minimum auto insurance requirements, including bodily injury and property damage protection. However, the policy lacks comprehensive collision coverage and will not pay for injuries to yourself or damages to the driven vehicle.
Non-owner car insurance is generally cheaper than standard car insurance policies. You can lower your rates further by accessing quotes from different providers. The table below compares the features of non-owner insurance and a full coverage standard insurance policy.
Personal injury protection
Rental car liability
Average Cost of Non-Owner Car Insurance in Colorado
Colorado’s non-owner car insurance costs an average of $43 per month. This rate is equal to the national average non-owner car insurance premium.
Although rates vary based on where you live, other factors like your age, car model and driving history have a more significant impact on your actual costs.
Non-Owner Car Insurance Cost Comparison: National vs. State
This is 0% more expensive.
Best Non-Owner Car Insurance in Colorado
The overall best non-owner auto insurance in Colorado comes from the following providers:
- GEICO: MoneyGeek score 77 out of 100 ($24 per month)
- Auto-Owners: MoneyGeek score 75 out of 100 ($30 per month)
- State Farm: MoneyGeek score 68 out of 100 ($37 out of 100)
Customer satisfaction ratings from J.D. Power, AM Best’s financial stability ratings, affordability scores and other factors formed MoneyGeek’s ranking data for determining Colorado’s top non-owner car insurance providers.
Below is an overview of our top three picks to help you choose the best insurer for your situation.
GEICO offers an excellent combination of affordability and high customer satisfaction to most drivers, including non-car owners. The insurer boasts several discounts that can help further reduce its already low premiums. You can receive a discount for insuring multiple cars, bundling car insurance with other plans, installing an anti-theft system and maintaining good grades if you are a student.
Nevertheless, GEICO may not be the best for drivers looking for exceptional customer experience since the company receives significantly more customer complaints than average.
With relatively cheap non-owners insurance coverage and a track record of maintaining financial stability, Auto-Owners ranked second for Colorado residents seeking non-owner car insurance. The company offers excellent customer service, evidenced by its high customer satisfaction score.
Auto-Owners’ customers may qualify for various discounts. These include deals for insuring multiple cars, bundling policies, opting for paperless billing and anti-theft system installation discounts. The insurer also offers popular add-on coverages like rental car and travel reimbursement and roadside assistance. However, it does not allow customers to obtain a quote online, making it less convenient to shop for rates.
On average, State Farm offers the third-cheapest policies for non-owners in Colorado and stands out due to its high customer satisfaction and financial stability scores. However, the insurer may not be able to handle customer claims as efficiently as some of its competitors.
State Farm offers discounts for bundling policies, insuring multiple cars and installing airbags and anti-theft systems. Although the company offers roadside assistance and rental car or travel reimbursement as add-on coverage options, it lacks other popular coverages, like accident forgiveness and Original Equipment Manufacturer coverage.
Should You Get Non-Owner Car Insurance in Colorado?
Non-owner car insurance is helpful if you drive borrowed or rented cars occasionally or need to avoid lapses in your insurance coverage. You may also consider non-owners insurance after the state revokes your license because of a severe traffic infraction, like an at-fault accident or DUI. The following driver profiles stand to gain the most from non-owner car insurance.
Who Should Consider Non-Owner Car Insurance?
Providers design non-owner car insurance for drivers who borrow cars from family members and friends. This insurance covers third-party injury and property damage expenses after an accident. Non-owner car insurance is more affordable than a standard policy but still meets Colorado's minimum coverage requirements.
If you occasionally drive a rental car, consider purchasing non-owner auto insurance in Colorado to protect you from liabilities if you are involved in an at-fault accident. Non-owner policies usually provide more extensive protection than the insurance policies offered by car rental companies.
Drivers between cars
Drivers pay more for car insurance if the insurer spots a lapse in coverage history. Non-owner car insurance offers an excellent option for drivers who recently sold their car and won’t be driving for some time. Non-owner insurance can help avoid higher premiums once you are ready to purchase standard car insurance again.
License reinstatement seekers
If the state suspends your driver’s license after a traffic infraction, you may need to buy non-owner car insurance before filing an SR-22 form. Without insurance, it may be impossible to reinstate your suspended or revoked license.
Non-owners in Colorado should exercise caution when they come across companies that offer “one-day insurance” policies. These are not available in the state and could be a scam. Drivers who need insurance for a brief period should consider buying it from their car rental company. Several options are available for drivers interested in purchasing temporary auto insurance in Colorado.
Frequently Asked Questions About Non-Owner Car Insurance in Colorado
Non-owner car insurance differs significantly from standard car insurance. We answered some frequently asked questions about non-owner auto insurance in Colorado to help you find the best policy for your needs.
About Mark Fitzpatrick