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Best Cheap Car Insurance in Colorado for 2021

April 30, 2021
Auto Insurance, Insurance
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own.

Car insurance rates can fluctuate greatly from one insurance company to the next and depending on personal factors such as your age, ZIP code, driving record and credit history.

To help you narrow the field and find the cheapest car insurance in Colorado, we analyzed rates from 27 auto insurers in Colorado and found the most affordable options for several driver types.

 

Cheapest car insurance in Colorado for 20-year-old drivers

Young drivers 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. To cut down on costs, young drivers might want to consider buying only state-mandated coverage, rather than full coverage insurance. Still, some companies routinely have lower insurance rates for drivers in their 20s, so it's best to shop around to find them.

Many insurance companies offer ways for young drivers to save, such as good student discounts for those in college or premium reductions for those who take a defensive driving course. If you live in an apartment, consider getting your renters and auto insurance from the same company to take advantage of bundling discounts.

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: $1,388 per year.
  2. Esurance: $1,609 per year.
  3. Geico: $1,667 per year.
  4. Allstate: $3,086 per year.
  5. State Farm: $3,165 per year.

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. American National: $447 per year.
  2. Geico: $475 per year.
  3. Esurance: $866 per year.
  4. California Casualty: $902 per year.
  5. Grange Insurance Association: $939 per year.

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: $672 per year.
  2. Allstate: $1,255 per year.
  3. Grange Insurance Association: $1,255 per year.
  4. Esurance: $1,315 per year.
  5. Acuity: $1,421 per year.

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.
  2. Geico: $761 per year.
  3. Esurance: $977 per year.
  4. California Casualty: $1,252 per year.
  5. Allstate: $1,322 per year.

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: $730 per year.
  2. Esurance: $901 per year.
  3. Geico: $912 per year.
  4. Allstate: $1,257 per year.
  5. Colorado Farm Bureau: $1,672 per year.

Cheapest car insurance in Colorado for 30-year-old drivers

By the time they reach their 30s, most drivers 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 car insurance discounts. You may be able to save by insuring multiple vehicles with the same carrier, or by bundling your auto policy with your home insurance. Also, keep an eye out for discounts based on your profession or affiliations; some insurers offer more affordable insurance rates for teachers, members of the military or alumni of certain colleges.

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. Esurance: $692 per year.
  2. American National: $765 per year.
  3. Geico: $1,012 per year.
  4. Grange Insurance Association: $1,635 per year.
  5. State Farm: $1,662 per year.

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.
  2. Geico: $273 per year.
  3. Grange Insurance Association: $282 per year.
  4. Auto-Owners: $429 per year.
  5. California Casualty: $430 per year.

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. Esurance: $1,216 per year.
  2. Geico: $1,499 per year.
  3. Grange Insurance Association: $2,184 per year.
  4. Acuity: $2,358 per year.
  5. American National: $2,573 per year.

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: $984 per year.
  2. Esurance: $1,261 per year.
  3. Geico: $1,812 per year.
  4. State Farm: $2,174 per year.
  5. Grange Insurance Association: $2,192 per year.

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. Esurance: $1,098 per year.
  2. American National: $1,103 per year.
  3. Geico: $2,072 per year.
  4. Allstate: $2,437 per year.
  5. State Farm: $2,569 per year.

Cheapest car insurance in Colorado for 40-year-old drivers

Drivers in their 40s tend to have better insurance rates than their younger counterparts 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.

Ask about discounts for signing up for autopay, paying your premium in full rather than quarterly or monthly, and opting for electronic statements. If you own your home, consider insuring it with the company that provides your auto insurance; most carriers offer bundling discounts.

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. Esurance: $662 per year.
  2. American National: $688 per year.
  3. Geico: $995 per year.
  4. State Farm: $1,625 per year.
  5. Grange Insurance Association: $1,654 per year.

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.
  2. Geico: $271 per year.
  3. Grange Insurance Association: $287 per year.
  4. California Casualty: $424 per year.
  5. State Farm: $437 per year.

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. Esurance: $1,156 per year.
  2. Geico: $1,472 per year.
  3. Grange Insurance Association: $2,210 per year.
  4. Acuity: $2,294 per year.
  5. American National: $2,314 per year.

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: $878 per year.
  2. Esurance: $1,213 per year.
  3. Geico: $1,771 per year.
  4. American Family: $2,111 per year.
  5. State Farm: $2,128 per year.

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: $982 per year.
  2. Esurance: $1,050 per year.
  3. Geico: $2,059 per year.
  4. Allstate: $2,437 per year.
  5. American Family: $2,511 per year.

Cheapest car insurance in Colorado for 50-year-old drivers

Drivers in their 50s have, on average, cheaper auto insurance rates than most other age groups. 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 cheapest price you can. Our list of the best cheap car insurance companies is a good place to start.

Some insurers offer senior discounts to policyholders in their 50s, though some may require you to take a defensive driving course to snag the savings. If you’ve been with your insurer for many years, you may qualify for a loyalty discount. Still, it’s a good idea to check with other companies periodically to make sure you’re not paying too much.

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. Esurance: $648 per year.
  2. American National: $664 per year.
  3. Geico: $1,003 per year.
  4. Acuity: $1,488 per year.
  5. Grange Insurance Association: $1,492 per year.

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: $179 per year.
  2. Grange Insurance Association: $257 per year.
  3. Geico: $280 per year.
  4. California Casualty: $404 per year.
  5. Auto-Owners: $407 per year.

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. Esurance: $1,096 per year.
  2. Geico: $1,485 per year.
  3. Grange Insurance Association: $1,995 per year.
  4. Acuity: $2,029 per year.
  5. American National: $2,233 per year.

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: $845 per year.
  2. Esurance: $1,209 per year.
  3. American Family: $1,944 per year.
  4. Grange Insurance Association: $1,999 per year.
  5. Geico: $2,016 per year.

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: $944 per year.
  2. Esurance: $1,040 per year.
  3. Geico: $2,261 per year.
  4. American Family: $2,304 per year.
  5. Allstate: $2,308 per year.

Cheapest car insurance in Colorado for 65-year-old drivers

Although 65-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 mid-60s should shop around to find the lowest rate.

Drivers in this age group should also take advantage of any available discounts for senior citizens. For example, some companies will discount your rate if you take a defensive driving course. You may also be able to save money after retirement if you’re driving fewer miles each year.

Finally, consider whether you need all the coverage you currently have. If you’re not commuting to work each day, for instance, you may not need rental reimbursement coverage when your own car is in the shop for repairs.

Cheapest full coverage car insurance in Colorado for 65-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.
  2. Esurance: $693 per year.
  3. Geico: $1,033 per year.
  4. State Farm: $1,476 per year.
  5. Acuity: $1,502 per year.

Cheapest minimum coverage car insurance in Colorado for 65-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: $200 per year.
  2. Grange Insurance Association: $300 per year.
  3. Geico: $309 per year.
  4. California Casualty: $386 per year.
  5. State Farm: $411 per year.

Cheapest auto insurance in Colorado for 65-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. Esurance: $1,127 per year.
  2. Geico: $1,531 per year.
  3. Acuity: $2,049 per year.
  4. American National: $2,106 per year.
  5. Grange Insurance Association: $2,313 per year.

Cheapest auto insurance in Colorado for 65-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: $810 per year.
  2. Esurance: $1,288 per year.
  3. American Family: $1,932 per year.
  4. State Farm: $1,945 per year.
  5. Geico: $2,129 per year.

Cheapest auto insurance in Colorado for 65-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: $909 per year.
  2. Esurance: $1,114 per year.
  3. Geico: $2,246 per year.
  4. American Family: $2,300 per year.
  5. State Farm: $2,308 per year.

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 30 of the 40 driver profiles we examined.

» MORE: Best car insurance for veterans and military

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 from an average of 14 insurers in each state and Washington, D.C., 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 2018 Toyota Camry L for all drivers and assumed 12,000 annual miles driven.
  • We analyzed rates for drivers 20 to 80 years old in five-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 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.

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