The Cheapest Car Insurance in Colorado for 2022

NerdWallet analyzed auto insurance rates to find you the cheapest car insurance in Colorado for a variety of ages and driving histories.
Dec 22, 2021

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Auto insurance is an important purchase, but finding cheap car insurance in Colorado isn’t always easy. That’s why it’s important to compare rates from multiple insurers.

The average cost of full coverage car insurance in Colorado is $1,950 per year, or about $162 per month, according to NerdWallet’s analysis. Minimum coverage in Colorado is $512 per year on average, but we found you can likely get a cheaper policy. For example, American National offers the cheapest rates in Colorado at $197 per year, on average, for minimum coverage car insurance for a 35-year-old driver with a clean driving record.

Looking for the cheapest car insurance in your city? NerdWallet analyzed auto insurance rates in some of the largest Colorado cities, including:

Cheapest car insurance company overall in Colorado

$63/month

3.0

NerdWallet rating 

Cheapest for minimum coverage

$16/month

3.0

NerdWallet rating 

Cheapest for young drivers

$119/month

3.0

NerdWallet rating 

Cheapest for drivers with poor credit

$63/month

4.5

NerdWallet rating 
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How we chose the cheapest companies in Colorado

NerdWallet’s editorial team analyzed car insurance rates from 16 auto insurers in Colorado and found the five cheapest options for drivers in several age brackets and with different histories, all driving a 2019 Toyota Camry L. For minimum coverage, we looked at rates that reflect the minimum requirements in Colorado. For full coverage, we used the below coverage limits:

  • $100,000 bodily injury liability per person.

  • $300,000 bodily injury liability per accident.

  • $50,000 property damage liability per accident.

  • $100,000 uninsured motorist coverage per person.

  • $300,000 uninsured motorist coverage per accident.

  • Collision coverage with a $1,000 deductible.

  • Comprehensive coverage with a $1,000 deductible.

Cheapest for 20-year-old drivers

Drivers in their 20s may have to get a lot of quotes to find cheap car insurance. Prices can be sky-high for younger 20-somethings, but tend to come down as drivers get more experience on the road. Still, some companies routinely have better insurance rates for young drivers, so it's best to shop around to find them.

Cheapest full coverage car insurance in Colorado for 20-year-olds

Drivers in Colorado with clean driving records may want to consider the following companies, which had the lowest average rates:

  1. American National: $1,432 per year, or about $119 per month.

  2. Geico: $1,520 per year, or about $127 per month.

  3. Colorado Farm Bureau: $2,262 per year, or about $188 per month.

  4. State Farm: $2,752 per year, or about $229 per month.

  5. Esurance: $2,858 per year, or about $238 per month.

Cheapest minimum coverage car insurance in Colorado for 20-year-olds

Drivers in Colorado who want just the state minimum coverage may want to check with these companies, which had the lowest average rates:

  1. Geico: $402 per year, or about $34 per month.

  2. American National: $447 per year, or about $37 per month.

  3. Colorado Farm Bureau: $674 per year, or about $56 per month.

  4. State Farm: $873 per year, or about $73 per month.

  5. Grange Insurance Association: $940 per year, or about $78 per month.

Cheapest auto insurance in Colorado for 20-year-olds with poor credit

Drivers with poor credit in Colorado should look at the following insurers with the lowest average rates for minimum coverage:

  1. Geico: $559 per year, or about $47 per month.

  2. Colorado Farm Bureau: $1,219 per year, or about $102 per month.

  3. Grange Insurance Association: $1,256 per year, or about $105 per month.

  4. Allstate: $1,342 per year, or about $112 per month.

  5. American National: $1,504 per year, or about $125 per month.

Cheapest auto insurance in Colorado for 20-year-old drivers with one at-fault crash

For drivers with a recent accident in Colorado, here are the companies with the lowest average rates for minimum coverage:

  1. American National: $631 per year, or about $53 per month.

  2. Geico: $631 per year, or about $53 per month.

  3. Colorado Farm Bureau: $835 per year, or about $70 per month.

  4. American Family: $956 per year, or about $80 per month.

  5. State Farm: $1,236 per year, or about $103 per month.

Cheapest auto insurance in Colorado for 20-year-old drivers after a DUI

The cheapest auto insurance we found after a DUI is shown here, alongside the insurers' average rates for minimum coverage.

  1. American National: $731 per year, or about $61 per month.

  2. Geico: $760 per year, or about $63 per month.

  3. Colorado Farm Bureau: $971 per year, or about $81 per month.

  4. American Family: $1,077 per year, or about $90 per month.

  5. Esurance: $1,222 per year, or about $102 per month.

Cheapest for 30-year-old drivers

By the time they reach their 30s, most drivers will enjoy cheaper car insurance rates than in their teens and 20s. Still, factors like a person’s driving record and car make and model can increase prices. Drivers in their 30s can get lower rates by shopping around and taking advantage of any car insurance discounts.

Cheapest full coverage car insurance in Colorado for 30-year-olds

Drivers in Colorado with clean driving records may get the lowest rates from these companies:

  1. American National: $789 per year, or about $66 per month.

  2. Geico: $958 per year, or about $80 per month.

  3. Esurance: $1,140 per year, or about $95 per month.

  4. State Farm: $1,437 per year, or about $120 per month.

  5. Colorado Farm Bureau: $1,673 per year, or about $139 per month.

Cheapest minimum coverage car insurance in Colorado for 30-year-olds

Drivers in Colorado who want their state's minimum coverage can check with the following companies, which had the lowest average rates:

  1. American National: $202 per year, or about $17 per month.

  2. Geico: $241 per year, or about $20 per month.

  3. Grange Insurance Association: $282 per year, or about $24 per month.

  4. State Farm: $382 per year, or about $32 per month.

  5. Colorado Farm Bureau: $386 per year, or about $32 per month.

Cheapest auto insurance in Colorado for 30-year-olds with poor credit

Drivers with poor credit in Colorado should consider the following companies with the lowest average rates for full coverage:

  1. Geico: $1,417 per year, or about $118 per month.

  2. Esurance: $2,090 per year, or about $174 per month.

  3. Grange Insurance Association: $2,359 per year, or about $197 per month.

  4. American National: $2,655 per year, or about $221 per month.

  5. State Farm: $2,776 per year, or about $231 per month.

Cheapest auto insurance in Colorado for 30-year-old drivers with one at-fault crash

For drivers in Colorado with a recent accident, here are the lowest average rate options for full coverage:

  1. American National: $1,017 per year, or about $85 per month.

  2. Geico: $1,682 per year, or about $140 per month.

  3. State Farm: $1,862 per year, or about $155 per month.

  4. Colorado Farm Bureau: $2,020 per year, or about $168 per month.

  5. Esurance: $2,226 per year, or about $186 per month.

Cheapest auto insurance in Colorado for 30-year-old drivers after a DUI

For the cheapest auto insurance after a DUI, we found the following options for full coverage.

  1. American National: $1,139 per year, or about $95 per month.

  2. Geico: $1,892 per year, or about $158 per month.

  3. Esurance: $1,930 per year, or about $161 per month.

  4. Colorado Farm Bureau: $1,981 per year, or about $165 per month.

  5. State Farm: $2,201 per year, or about $183 per month.

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Cheapest for 40-year-old drivers

Drivers in their 40s tend to have better insurance rates than their younger counterparts on average, but still pay more than older age groups. Shopping around for cheap car insurance quotes with multiple insurers is the best way to find lower rates. Good drivers who don’t get behind the wheel often might want to consider pay-per-mile insurance, which charges drivers by how many miles they drive.

Cheapest full coverage car insurance in Colorado for 40-year-olds

Drivers in Colorado with clean driving records may want to think about the following companies, which had the lowest average rates:

  1. American National: $709 per year, or about $59 per month.

  2. Geico: $949 per year, or about $79 per month.

  3. Esurance: $1,071 per year, or about $89 per month.

  4. State Farm: $1,402 per year, or about $117 per month.

  5. Colorado Farm Bureau: $1,449 per year, or about $121 per month.

Cheapest minimum coverage car insurance in Colorado for 40-year-olds

Drivers in Colorado who want just the minimum coverage may want to check prices from these companies, which had the lowest average rates:

  1. American National: $192 per year, or about $16 per month.

  2. Geico: $239 per year, or about $20 per month.

  3. Grange Insurance Association: $287 per year, or about $24 per month.

  4. Colorado Farm Bureau: $295 per year, or about $25 per month.

  5. State Farm: $386 per year, or about $32 per month.

Cheapest auto insurance in Colorado for 40-year-olds with poor credit

Drivers with poor credit in Colorado can check out the following insurers with the lowest average rates for full coverage:

  1. Geico: $1,402 per year, or about $117 per month.

  2. Esurance: $1,948 per year, or about $162 per month.

  3. American National: $2,383 per year, or about $199 per month.

  4. Grange Insurance Association: $2,388 per year, or about $199 per month.

  5. State Farm: $2,719 per year, or about $227 per month.

Cheapest auto insurance in Colorado for 40-year-old drivers with one at-fault crash

For drivers with a recent accident living in Colorado, here are the companies with the lowest average rates for full coverage:

  1. American National: $905 per year, or about $75 per month.

  2. Geico: $1,653 per year, or about $138 per month.

  3. Colorado Farm Bureau: $1,732 per year, or about $144 per month.

  4. State Farm: $1,824 per year, or about $152 per month.

  5. Esurance: $2,114 per year, or about $176 per month.

Cheapest auto insurance in Colorado for 40-year-old drivers after a DUI

The cheapest full coverage auto insurance we found for drivers with a DUI came from the following companies.

  1. American National: $1,012 per year, or about $84 per month.

  2. Colorado Farm Bureau: $1,680 per year, or about $140 per month.

  3. Esurance: $1,818 per year, or about $152 per month.

  4. Geico: $1,883 per year, or about $157 per month.

  5. State Farm: $2,153 per year, or about $179 per month.

Cheapest for 50-year-old drivers

Drivers in their 50s have cheaper car insurance rates than most other age groups on average. Prices will continue to drop as they inch toward their 60s and gain more driving experience. Rates can still vary depending on other factors such as a driver’s gender and location, so it’s smart to shop around to find the best rate. Our list of the best cheap car insurance companies is a good place to start.

Cheapest full coverage car insurance in Colorado for 50-year-olds

Drivers in Colorado with clean driving records may want to get quotes from these insurers, which had the lowest average rates:

  1. American National: $684 per year, or about $57 per month.

  2. Geico: $963 per year, or about $80 per month.

  3. Esurance: $1,038 per year, or about $86 per month.

  4. State Farm: $1,361 per year, or about $113 per month.

  5. Colorado Farm Bureau: $1,392 per year, or about $116 per month.

Cheapest minimum coverage car insurance in Colorado for 50-year-olds

Drivers in Colorado who opt for the state minimum coverage may want to consider the following companies, with the lowest average rates:

  1. American National: $180 per year, or about $15 per month.

  2. Geico: $246 per year, or about $20 per month.

  3. Grange Insurance Association: $257 per year, or about $21 per month.

  4. Colorado Farm Bureau: $283 per year, or about $24 per month.

  5. State Farm: $384 per year, or about $32 per month.

Cheapest auto insurance in Colorado for 50-year-olds with poor credit

Drivers with poor credit in Colorado can check with the following companies, which showed the lowest average rates for full coverage:

  1. Geico: $1,423 per year, or about $119 per month.

  2. Esurance: $1,829 per year, or about $152 per month.

  3. Grange Insurance Association: $2,153 per year, or about $179 per month.

  4. American National: $2,300 per year, or about $192 per month.

  5. State Farm: $2,620 per year, or about $218 per month.

Cheapest auto insurance in Colorado for 50-year-old drivers with one at-fault crash

For drivers living in Colorado with a recent accident, here are the insurers with the lowest average full coverage rates:

  1. American National: $871 per year, or about $73 per month.

  2. Colorado Farm Bureau: $1,657 per year, or about $138 per month.

  3. State Farm: $1,779 per year, or about $148 per month.

  4. Geico: $1,890 per year, or about $158 per month.

  5. Esurance: $2,088 per year, or about $174 per month.

Cheapest auto insurance in Colorado for 50-year-old drivers after a DUI

The cheapest auto insurance we found for drivers with a recent DUI comes from the following companies, listed with rates for full coverage.

  1. American National: $973 per year, or about $81 per month.

  2. Colorado Farm Bureau: $1,606 per year, or about $134 per month.

  3. Esurance: $1,782 per year, or about $148 per month.

  4. Geico: $2,069 per year, or about $172 per month.

  5. State Farm: $2,099 per year, or about $175 per month.

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Cheapest for 60-year-old drivers

Although 60-year-olds have cheaper car insurance rates than many other age groups on average, prices will start increasing as they get older. To find cheap auto insurance for seniors, drivers in their 60s should make sure to shop around to find the best rate. Drivers in this age group should also take advantage of any available discounts for senior citizens.

Cheapest full coverage car insurance in Colorado for 60-year-olds

Drivers in Colorado with clean driving records may want to think about getting quotes from these companies, which had the lowest average rates:

  1. American National: $626 per year, or about $52 per month.

  2. Esurance: $1,005 per year, or about $84 per month.

  3. Geico: $1,006 per year, or about $84 per month.

  4. State Farm: $1,281 per year, or about $107 per month.

  5. Colorado Farm Bureau: $1,461 per year, or about $122 per month.

Cheapest minimum coverage car insurance in Colorado for 60-year-olds

Drivers in Colorado who want just the state minimum coverage may want to check with these insurers, which had the lowest average rates:

  1. American National: $173 per year, or about $14 per month.

  2. Geico: $262 per year, or about $22 per month.

  3. Grange Insurance Association: $265 per year, or about $22 per month.

  4. Colorado Farm Bureau: $330 per year, or about $28 per month.

  5. State Farm: $363 per year, or about $30 per month.

Cheapest auto insurance in Colorado for 60-year-olds with poor credit

Drivers with poor credit in Colorado can look at the following companies with the lowest average rates for full coverage:

  1. Geico: $1,490 per year, or about $124 per month.

  2. Esurance: $1,762 per year, or about $147 per month.

  3. American National: $2,103 per year, or about $175 per month.

  4. Grange Insurance Association: $2,222 per year, or about $185 per month.

  5. State Farm: $2,470 per year, or about $206 per month.

Cheapest auto insurance in Colorado for 60-year-old drivers with one at-fault crash

For drivers with a recent accident living in Colorado, here are the companies with the lowest average rates for full coverage:

  1. American National: $801 per year, or about $67 per month.

  2. State Farm: $1,662 per year, or about $138 per month.

  3. Colorado Farm Bureau: $1,745 per year, or about $145 per month.

  4. Geico: $2,012 per year, or about $168 per month.

  5. Esurance: $2,035 per year, or about $170 per month.

Cheapest auto insurance in Colorado for 60-year-old drivers after a DUI

The cheapest auto insurance we found after a DUI came from the following companies, shown with their average rates for full coverage.

  1. American National: $896 per year, or about $75 per month.

  2. Colorado Farm Bureau: $1,706 per year, or about $142 per month.

  3. Esurance: $1,729 per year, or about $144 per month.

  4. State Farm: $1,979 per year, or about $165 per month.

  5. Geico: $2,024 per year, or about $169 per month.

Cheapest car insurance for military families

If you're an active member of the military or a veteran — or have an immediate family member who is — chances are you'll get a relatively cheap rate with USAA, a company that isn't available to the general public.

Because of that restriction, USAA isn't ranked with the others, but it was among the cheapest five auto insurance options for 36 of the 48 driver profiles we examined.

Minimum auto insurance limits required in Colorado

Colorado drivers are required to carry liability insurance, which helps pay for others' injuries or property damage if you're responsible for a crash.

The minimum coverage levels you must buy in Colorado are:

  • $25,000 bodily injury liability per person.

  • $50,000 bodily injury liability per accident.

  • $15,000 property damage liability per accident.

Liability car insurance covers the cost of any damage, injuries or deaths you cause in a car accident, up to your policy’s predefined limits.

But it’s often best to buy more than the bare minimum to avoid being left vulnerable to lawsuits or major accident bills. You also want to consider other coverage types such as collision and comprehensive, which pay for damage to or theft of your own car.

Check out NerdWallet's guide to state car insurance requirements.

Alternative car insurance in Colorado

Colorado drivers who can’t get coverage on the open market because of past crashes or other factors can apply for coverage through the Colorado Motor Vehicle Plan.

For more help finding Colorado car insurance at the most competitive price, try NerdWallet’s comparison shopping tool.

Methodology

For our “good driver” profile, NerdWallet averaged insurance estimates for single male and female drivers with good credit and no tickets or violations. The analysis included 5-10 of the largest insurance companies in each state; smaller insurers were also included when rates were available. Liberty Mutual and its subsidiaries were excluded from our analysis as rates were not available.

For full coverage policies, we used the following coverage limits:

  • $100,000 bodily injury liability per person.

  • $300,000 bodily injury liability per accident.

  • $50,000 property damage liability per accident.

  • $100,000 uninsured motorist coverage per person.

  • $300,000 uninsured motorist coverage per accident.

  • Collision coverage with a $1,000 deductible.

  • Comprehensive coverage with a $1,000 deductible.

In states where required, minimum additional coverages were added. Some policies include additional coverages at the insurer’s discretion.

We used a 2019 Toyota Camry L for all drivers and assumed 12,000 annual miles driven.

We analyzed rates for drivers 20 to 60 years old in ten-year increments.

We used the same assumptions for all other driver profiles, with the following exceptions:

  • For drivers with minimum coverage, we adjusted the numbers above to reflect the minimum required coverage by law in the state.

  • We changed the credit tier from “good” to “poor” as reported to the insurer to see rates for drivers with poor credit.

  • For drivers with one at-fault crash, we added a single at-fault crash that happened six months ago, resulting in $10,000 in property damage and no bodily injury claim.

  • For drivers with a DUI, we added a single drunken driving violation that happened six months ago.

We looked at 35-year-old drivers to find the cheapest company overall, the cheapest company for minimum coverage and the cheapest company for drivers with poor credit in states where credit history is used to price rates. We looked at 20-year-old drivers to find the cheapest company for young drivers.

These are rates generated through Quadrant Information Services. Your own rates will be different.

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