The Cheapest Car Insurance in Colorado for June 2024
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Auto insurance is an important purchase, but finding cheap car insurance in Colorado isn’t always easy. The best way to find cheap car insurance is to compare rates from multiple insurers.
The cheapest car insurance company in Colorado is American National at $975 per year on average, or $81 per month, according to the most recent NerdWallet analysis of full coverage car insurance rates in Colorado. Meanwhile, the average cost of full coverage car insurance in Colorado is $2,366 per year, or about $197 per month.
Did your rates go up? Auto insurance prices are on the rise in Colorado. Be sure to get car insurance quotes from three or more companies to find the lowest rate possible.
Minimum coverage in Colorado is $546 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 $165 per year, on average, for minimum coverage car insurance for a 35-year-old driver with a clean driving record.
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Easily compare personalized rates to see how much switching car insurance could save you.How we chose the cheapest companies in Colorado
NerdWallet’s editorial team analyzed car insurance rates from 18 auto insurers in Colorado and listed the five cheapest options for drivers in several age brackets and with different histories, all driving a 2021 Toyota Camry LE. 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 the best 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:
- American National: $1,677 per year, or about $140 per month.
- Colorado Farm Bureau: $2,365 per year, or about $197 per month.
- Geico: $3,386 per year, or about $282 per month.
- American Family: $3,896 per year, or about $325 per month.
- California Casualty: $4,100 per year, or about $342 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:
- American National: $359 per year, or about $30 per month.
- California Casualty: $558 per year, or about $46 per month.
- Geico: $623 per year, or about $52 per month.
- Colorado Farm Bureau: $632 per year, or about $53 per month.
- Grange Insurance Association: $840 per year, or about $70 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:
- Geico: $985 per year, or about $82 per month.
- Grange Insurance Association: $1,120 per year, or about $93 per month.
- California Casualty: $1,122 per year, or about $94 per month.
- Colorado Farm Bureau: $1,144 per year, or about $95 per month.
- American National: $1,207 per year, or about $101 per month.
Cheapest auto insurance in Colorado for 20-year-old drivers with one speeding ticket
For drivers with a recent speeding ticket in Colorado, here are the companies with the lowest average rates for minimum coverage:
- American National: $435 per year, or about $36 per month.
- Geico: $655 per year, or about $55 per month.
- Colorado Farm Bureau: $831 per year, or about $69 per month.
- California Casualty: $887 per year, or about $74 per month.
- Grange Insurance Association: $932 per year, or about $78 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:
- American National: $543 per year, or about $45 per month.
- Colorado Farm Bureau: $798 per year, or about $67 per month.
- Geico: $915 per year, or about $76 per month.
- California Casualty: $1,042 per year, or about $87 per month.
- Grange Insurance Association: $1,186 per year, or about $99 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.
- American National: $587 per year, or about $49 per month.
- Colorado Farm Bureau: $945 per year, or about $79 per month.
- Geico: $1,206 per year, or about $101 per month.
- California Casualty: $1,312 per year, or about $109 per month.
- Progressive: $1,406 per year, or about $117 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 who want their state's minimum coverage can check with the following companies, which had the lowest average rates:
- American National: $1,013 per year, or about $84 per month.
- Travelers: $1,671 per year, or about $139 per month.
- Grange Insurance Association: $1,696 per year, or about $141 per month.
- Colorado Farm Bureau: $1,735 per year, or about $145 per month.
- Geico: $1,888 per year, or about $157 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:
- American National: $171 per year, or about $14 per month.
- California Casualty: $197 per year, or about $16 per month.
- Grange Insurance Association: $204 per year, or about $17 per month.
- Geico: $288 per year, or about $24 per month.
- Colorado Farm Bureau: $329 per year, or about $27 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:
- Grange Insurance Association: $2,264 per year, or about $189 per month.
- Travelers: $2,549 per year, or about $212 per month.
- Geico: $2,803 per year, or about $234 per month.
- American National: $3,409 per year, or about $284 per month.
- Colorado Farm Bureau: $3,433 per year, or about $286 per month.
Cheapest auto insurance in Colorado for 30-year-old drivers with one speeding ticket
For drivers with a recent speeding ticket in Colorado, here are the companies with the lowest average rates for minimum coverage:
- American National: $207 per year, or about $17 per month.
- Grange Insurance Association: $248 per year, or about $21 per month.
- Geico: $319 per year, or about $27 per month.
- California Casualty: $332 per year, or about $28 per month.
- Colorado Farm Bureau: $432 per year, or about $36 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:
- American National: $1,304 per year, or about $109 per month.
- Colorado Farm Bureau: $2,096 per year, or about $175 per month.
- Travelers: $2,166 per year, or about $181 per month.
- Grange Insurance Association: $2,218 per year, or about $185 per month.
- American Family: $2,711 per year, or about $226 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.
- American National: $1,373 per year, or about $114 per month.
- Colorado Farm Bureau: $2,055 per year, or about $171 per month.
- American Family: $2,835 per year, or about $236 per month.
- Travelers: $2,922 per year, or about $244 per month.
- Grange Insurance Association: $2,936 per year, or about $245 per month.
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:
- American National: $915 per year, or about $76 per month.
- Colorado Farm Bureau: $1,506 per year, or about $126 per month.
- Travelers: $1,568 per year, or about $131 per month.
- Grange Insurance Association: $1,806 per year, or about $151 per month.
- Geico: $1,918 per year, or about $160 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:
- American National: $161 per year, or about $13 per month.
- Grange Insurance Association: $220 per year, or about $18 per month.
- Colorado Farm Bureau: $238 per year, or about $20 per month.
- California Casualty: $257 per year, or about $21 per month.
- Geico: $303 per year, or about $25 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:
- Travelers: $2,331 per year, or about $194 per month.
- Grange Insurance Association: $2,412 per year, or about $201 per month.
- Geico: $2,723 per year, or about $227 per month.
- Colorado Farm Bureau: $3,010 per year, or about $251 per month.
- American National: $3,085 per year, or about $257 per month.
Cheapest auto insurance in Colorado for 40-year-old drivers with one speeding ticket
For drivers with a recent speeding ticket in Colorado, here are the companies with the lowest average rates for minimum coverage:
- American National: $195 per year, or about $16 per month.
- Grange Insurance Association: $270 per year, or about $23 per month.
- Colorado Farm Bureau: $313 per year, or about $26 per month.
- Geico: $319 per year, or about $27 per month.
- California Casualty: $430 per year, or about $36 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:
- American National: $1,163 per year, or about $97 per month.
- Colorado Farm Bureau: $1,795 per year, or about $150 per month.
- Travelers: $2,040 per year, or about $170 per month.
- Grange Insurance Association: $2,372 per year, or about $198 per month.
- American Family: $2,688 per year, or about $224 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.
- American National: $1,219 per year, or about $102 per month.
- Colorado Farm Bureau: $1,743 per year, or about $145 per month.
- Travelers: $2,766 per year, or about $230 per month.
- American Family: $2,779 per year, or about $232 per month.
- Grange Insurance Association: $3,152 per year, or about $263 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 cheap auto 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:
- American National: $889 per year, or about $74 per month.
- Colorado Farm Bureau: $1,451 per year, or about $121 per month.
- Travelers: $1,460 per year, or about $122 per month.
- Grange Insurance Association: $1,628 per year, or about $136 per month.
- Geico: $1,757 per year, or about $146 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:
- American National: $155 per year, or about $13 per month.
- Grange Insurance Association: $190 per year, or about $16 per month.
- Colorado Farm Bureau: $226 per year, or about $19 per month.
- Geico: $260 per year, or about $22 per month.
- California Casualty: $280 per year, or about $23 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:
- Travelers: $2,118 per year, or about $177 per month.
- Grange Insurance Association: $2,174 per year, or about $181 per month.
- Geico: $2,505 per year, or about $209 per month.
- Colorado Farm Bureau: $2,899 per year, or about $242 per month.
- American National: $2,987 per year, or about $249 per month.
Cheapest auto insurance in Colorado for 50-year-old drivers with one speeding ticket
For drivers with a recent speeding ticket in Colorado, here are the companies with the lowest average rates for minimum coverage:
- American National: $187 per year, or about $16 per month.
- Grange Insurance Association: $234 per year, or about $20 per month.
- Geico: $288 per year, or about $24 per month.
- Colorado Farm Bureau: $298 per year, or about $25 per month.
- California Casualty: $471 per year, or about $39 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:
- American National: $1,127 per year, or about $94 per month.
- Colorado Farm Bureau: $1,716 per year, or about $143 per month.
- Travelers: $2,086 per year, or about $174 per month.
- Grange Insurance Association: $2,146 per year, or about $179 per month.
- American Family: $2,482 per year, or about $207 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.
- American National: $1,181 per year, or about $98 per month.
- Colorado Farm Bureau: $1,666 per year, or about $139 per month.
- American Family: $2,556 per year, or about $213 per month.
- Grange Insurance Association: $2,834 per year, or about $236 per month.
- Travelers: $2,854 per year, or about $238 per month.
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 car 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:
- American National: $789 per year, or about $66 per month.
- Colorado Farm Bureau: $1,523 per year, or about $127 per month.
- Travelers: $1,554 per year, or about $130 per month.
- Grange Insurance Association: $1,682 per year, or about $140 per month.
- Geico: $1,757 per year, or about $146 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:
- American National: $146 per year, or about $12 per month.
- Grange Insurance Association: $198 per year, or about $17 per month.
- Geico: $260 per year, or about $22 per month.
- Colorado Farm Bureau: $278 per year, or about $23 per month.
- California Casualty: $289 per year, or about $24 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:
- Travelers: $2,190 per year, or about $183 per month.
- Grange Insurance Association: $2,248 per year, or about $187 per month.
- Geico: $2,493 per year, or about $208 per month.
- American National: $2,657 per year, or about $221 per month.
- American Family: $2,968 per year, or about $247 per month.
Cheapest auto insurance in Colorado for 60-year-old drivers with one speeding ticket
For drivers with a recent speeding ticket in Colorado, here are the companies with the lowest average rates for minimum coverage:
- American National: $176 per year, or about $15 per month.
- Grange Insurance Association: $240 per year, or about $20 per month.
- Geico: $305 per year, or about $25 per month.
- Colorado Farm Bureau: $366 per year, or about $31 per month.
- California Casualty: $484 per year, or about $40 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:
- American National: $1,003 per year, or about $84 per month.
- Colorado Farm Bureau: $1,811 per year, or about $151 per month.
- Grange Insurance Association: $2,216 per year, or about $185 per month.
- Travelers: $2,276 per year, or about $190 per month.
- American Family: $2,472 per year, or about $206 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.
- American National: $1,055 per year, or about $88 per month.
- Colorado Farm Bureau: $1,780 per year, or about $148 per month.
- American Family: $2,532 per year, or about $211 per month.
- Grange Insurance Association: $2,928 per year, or about $244 per month.
- Progressive: $2,980 per year, or about $248 per month.
Cheapest for 70-year-old drivers
Car insurance costs may start to rise for 70-year-old drivers. To find the cheapest possible coverage, shop around and compare quotes from multiple companies. Also, look for insurers that offer discounts for seniors. For example, some insurers offer discounts to senior drivers who take a defensive driving course.
Cheapest full coverage car insurance in Colorado for 70-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:
- American National: $859 per year, or about $72 per month.
- Travelers: $1,765 per year, or about $147 per month.
- Colorado Farm Bureau: $1,781 per year, or about $148 per month.
- Grange Insurance Association: $1,902 per year, or about $159 per month.
- American Family: $1,954 per year, or about $163 per month.
Cheapest minimum coverage car insurance in Colorado for 70-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:
- American National: $199 per year, or about $17 per month.
- Grange Insurance Association: $230 per year, or about $19 per month.
- California Casualty: $341 per year, or about $28 per month.
- Geico: $353 per year, or about $29 per month.
- Colorado Farm Bureau: $430 per year, or about $36 per month.
Cheapest auto insurance in Colorado for 70-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:
- Travelers: $2,541 per year, or about $212 per month.
- Grange Insurance Association: $2,542 per year, or about $212 per month.
- Geico: $2,722 per year, or about $227 per month.
- American National: $2,899 per year, or about $242 per month.
- American Family: $3,131 per year, or about $261 per month.
Cheapest auto insurance in Colorado for 70-year-old drivers with one speeding ticket
For drivers with a recent speeding ticket in Colorado, here are the companies with the lowest average rates for minimum coverage:
- American National: $241 per year, or about $20 per month.
- Grange Insurance Association: $280 per year, or about $23 per month.
- Geico: $412 per year, or about $34 per month.
- State Farm: $567 per year, or about $47 per month.
- Colorado Farm Bureau: $575 per year, or about $48 per month.
Cheapest auto insurance in Colorado for 70-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:
- American National: $1,141 per year, or about $95 per month.
- Colorado Farm Bureau: $2,151 per year, or about $179 per month.
- Grange Insurance Association: $2,498 per year, or about $208 per month.
- Travelers: $2,620 per year, or about $218 per month.
- American Family: $2,633 per year, or about $219 per month.
Cheapest auto insurance in Colorado for 70-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.
- American National: $1,206 per year, or about $101 per month.
- Colorado Farm Bureau: $2,150 per year, or about $179 per month.
- American Family: $2,717 per year, or about $226 per month.
- Progressive: $3,239 per year, or about $270 per month.
- Grange Insurance Association: $3,312 per year, or about $276 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 68 of the 70 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.
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 2021 Toyota Camry LE for all drivers and assumed 12,000 annual miles driven.
We analyzed rates for drivers 20 to 70 years old in ten-year increments. For the average cost of full and minimum coverage in each state, we looked at 35-year-old drivers.
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. Some insurance companies included in this article may have made changes in their underwriting practices and no longer issue new policies in your state.
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