Cheapest Car Insurance in Colorado for 2024

You're taking a risk when you drive without auto insurance in Colorado. You could get hit with a hefty fine and find it difficult to purchase a policy when ready. Check out these companies if you're concerned about the price (and who isn't). We've combed through Colorado auto insurance options, and these are the lowest rates we found.

• Cheapest overall: Geico
• Cheapest with a clean driving record: Geico
• Cheapest for teens: Colorado Farm Bureau
• Cheapest for seniors: Geico
• Cheapest for military members: Geico
• Cheapest for minimum coverage: Geico
• Cheapest with a DUI: State Farm
• Cheapest with excellent credit: American National
• Cheapest with poor credit: Geico
• Cheapest for commuting: Geico
• Cheapest with a prior accident: American Family
• Cheapest with a speeding ticket: Geico

Cheapest car insurance in Colorado overall: Geico

As you'll notice, Geico has the lowest overall rates in the state, but not by much. As you look through the car insurance companies listed on this page, several companies show up time and time again.

Check out our full list of best car insurance companies in Colorado.

Cheapest car insurance in Colorado with a clean driving record: Geico

You'll find that drivers with clean driving records are rewarded. Insurance companies know that drivers with a clean driving record are less likely to receive a speeding ticket, get into an accident, or make a claim.

Cheapest car insurance in Colorado for teens: Colorado Farm Bureau

If your teen is driving, you probably know just how expensive it can be to insure them. These five companies have somehow managed to keep their prices (relatively) low.

Cheapest car insurance in Colorado for seniors: Geico

Once you get to a certain age and have been driving for a while, insurance companies begin to think, "Hmm, this driver has decades of experience. We won't need to charge them as much for coverage." Evidently, these five companies all had the same idea about providing cheap car insurance to those in their golden years..

Cheapest car insurance in Colorado for military members: Geico

Sometimes, military members receive large discounts to write home about, but sometimes they don't. If you're looking for real savings, you might want to check out Geico first.

Cheapest car insurance in Colorado for minimum coverage: Geico

If you have minimum coverage (sometimes called "liability insurance") and cause an accident, your insurer will pay to repair the property you hit. However, liability insurance will not pay to repair your vehicle. If you decide to purchase minimum coverage, here are the lowest rates we found.

Cheapest car insurance in Colorado with a DUI: State Farm

If you're caught driving drunk, you likely know that you can be arrested and will most certainly face a fine. However, the incident will also go on your driving record. Insurers check that record before offering a premium quote, and once an insurer knows that you've driven while intoxicated, you're viewed as a high-risk driver. State Farm comes in as the cheapest auto insurance with a DUI.

Cheapest car insurance in Colorado with excellent credit: American National

Some of the lowest auto insurance rates go to drivers with excellent credit scores. While it may not seem fair at first blush, studies show that drivers with strong credit scores tend to make fewer insurance claims.

Cheapest car insurance in Colorado with poor credit: Geico

Unfortunately, studies also show that drivers with low credit scores are more likely to file a claim. Insurers build this additional risk into their rates. Here are the five companies in Colorado offering the lowest rates to drivers with not-so-great credit. Remember, you should only have to pay this rate for a short time. Once you've boosted your credit score, your rates should drop.

Cheapest car insurance in Colorado for commuting: Geico

Insurance companies appear to get a little twitchy when it comes to drivers who spend much time on the road. That's because they know you're statistically more likely to be involved in an accident and make a claim.

Cheapest car insurance in Colorado with a prior accident: American Family

It seems like a double-whammy to be involved in an accident and then have to pay a higher auto insurance rate. However, the event is typically on your driving record for three to five years once you're in an accident. Once it drops off, your rates should decrease.

Cheapest car insurance in Colorado with a speeding ticket: Geico

You might want to be careful if you're known for your lead foot. A single speeding ticket is enough to raise your insurance rate. Here are the five companies with the least scary rates for drivers with a speeding ticket on their record.

Colorado auto insurance costs versus the national average

The national average rate for car insurance is $3,017. In Colorado, the average rate is 6% higher at $3,220.

Car insurance discounts available in Colorado

Discounts are one of the easiest ways to reduce the cost of auto insurance. However, each company has its own menu of discounts. Be sure to ask about auto insurance discounts before buying your next policy, or call your agent to make sure you're not currently missing discounts you're eligible for. Here's a list of some of the most common discounts available:

• Bundling discount
• Paying in full discount
• Loyalty discount
• Autopay discount
• Federal employee discount
• Safe driver discount
• Multiple vehicle discount
• Driver training discount
• New car discount
• Organizational discount
• Paperless discount
• Claims-free discount

Minimum auto insurance requirements in Colorado

Auto owners in the state are required to carry, at a minimum, liability insurance. Here's what minimum coverage includes:

• $25,000 for bodily injury or death to any one person in an accident
• $50,000 for bodily injury or death to all persons in any one accident
• $15,000 for property damage in any one accident

Our auto insurance methodology

Our insurance products are then rated on a scale of one to five stars, primarily focusing on:

Pricing

With so many options for insurance across the board these days, it's easiest, and quite effective, to first look at the bottom line. Do single out competitive prices across insurance categories it's important to focus on:

• Deductibles
• Terms
• Coverage
• The fine print

Discounts

Insurance provides coverage for unexpected financial burdens and piece of mind. But it's important to check your policies and see how you can lower your premium. Insurance companies offer discounts for all sorts of things now from safe driving to good grades to automatic bill pay. Pay attention to:

• Discounts offered
• Variety of discounts
• Discount qualifications

Perks/Benefits

The benefits of insurance these days have gone far beyond just what your policy covers. Most companies and policies come with perks -- some of which may be completely unrelated to your insurance policy. Take a look at:

• Non-pricing related perks offered
• Benefits unrelated to your coverage
• Perks that stand out in the industry
• Will you actually use the benefit?

Customer Service/Claims Process

Policy research and coverage options are great, but how is the process when you have to actually use your insurance policy? The best coverage doesn't hold much value if it's a hassle to get paid out. Pay special attention to:

• How hard it is to file a claim
• If your provider has a history of resisting payouts
• The customer satisfaction scores for your provider