The Cheapest Car Insurance in Colorado for April 2024

American National offers the cheapest car insurance in Colorado, with an average annual rate of $1,087 for full coverage.
Andrew Marder
By Andrew Marder 
Updated
Edited by Lacie Glover

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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 $1,087 per year on average, or $91 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 $2,670 per year, or about $223 per month.

Minimum coverage in Colorado is $614 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 $185 per year, on average, for minimum coverage car insurance for a 35-year-old driver with a clean driving record.

How we chose the cheapest companies in Colorado

NerdWallet’s editorial team analyzed car insurance rates from 17 auto insurers in Colorado and listed the five cheapest options for drivers in several age brackets and with different histories, all driving a 2020 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.

Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our writing and data analyses. You can trust the prices we show you because our data analysts take rigorous measures to eliminate outliers and inaccuracies in pricing data, which include rates from every locale in Colorado where coverage is offered and data is available. When comparing rates for different coverage amounts, ages and backgrounds, we change only one variable at a time, so you can easily see how each factor affects pricing.

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:

  1. Colorado Farm Bureau: $2,352 per year, or about $196 per month.
  2. Allstate: $7,146 per year, or about $596 per month.
  3. American Family: $5,033 per year, or about $419 per month.
  4. American National: $1,867 per year, or about $156 per month.
  5. Auto-Owners: $4,754 per year, or about $396 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. Colorado Farm Bureau: $596 per year, or about $50 per month.
  2. Allstate: $1,766 per year, or about $147 per month.
  3. American Family: $2,123 per year, or about $177 per month.
  4. American National: $399 per year, or about $33 per month.
  5. Auto-Owners: $1,343 per year, or about $112 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. Colorado Farm Bureau: $1,078 per year, or about $90 per month.
  2. Allstate: $2,432 per year, or about $203 per month.
  3. American Family: $3,081 per year, or about $257 per month.
  4. American National: $1,343 per year, or about $112 per month.
  5. Auto-Owners: $3,854 per year, or about $321 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:

  1. Colorado Farm Bureau: $783 per year, or about $65 per month.
  2. Allstate: $1,966 per year, or about $164 per month.
  3. American Family: $2,303 per year, or about $192 per month.
  4. American National: $485 per year, or about $40 per month.
  5. Auto-Owners: $1,544 per year, or about $129 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. Colorado Farm Bureau: $752 per year, or about $63 per month.
  2. Allstate: $2,568 per year, or about $214 per month.
  3. American Family: $2,556 per year, or about $213 per month.
  4. American National: $605 per year, or about $50 per month.
  5. Auto-Owners: $2,389 per year, or about $199 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. Colorado Farm Bureau: $891 per year, or about $74 per month.
  2. Allstate: $2,478 per year, or about $207 per month.
  3. American Family: $2,441 per year, or about $203 per month.
  4. American National: $653 per year, or about $54 per month.
  5. Auto-Owners: $3,020 per year, or about $252 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:

  1. Colorado Farm Bureau: $1,743 per year, or about $145 per month.
  2. Allstate: $3,415 per year, or about $285 per month.
  3. American Family: $2,959 per year, or about $247 per month.
  4. American National: $1,130 per year, or about $94 per month.
  5. Auto-Owners: $2,606 per year, or about $217 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. Colorado Farm Bureau: $310 per year, or about $26 per month.
  2. Allstate: $748 per year, or about $62 per month.
  3. American Family: $1,090 per year, or about $91 per month.
  4. American National: $189 per year, or about $16 per month.
  5. Auto-Owners: $563 per year, or about $47 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. Colorado Farm Bureau: $3,448 per year, or about $287 per month.
  2. Allstate: $4,657 per year, or about $388 per month.
  3. American Family: $4,290 per year, or about $358 per month.
  4. American National: $3,797 per year, or about $316 per month.
  5. Auto-Owners: $8,096 per year, or about $675 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:

  1. Colorado Farm Bureau: $407 per year, or about $34 per month.
  2. Allstate: $942 per year, or about $79 per month.
  3. American Family: $1,210 per year, or about $101 per month.
  4. American National: $231 per year, or about $19 per month.
  5. Auto-Owners: $647 per year, or about $54 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. Colorado Farm Bureau: $2,106 per year, or about $175 per month.
  2. Allstate: $4,564 per year, or about $380 per month.
  3. American Family: $3,586 per year, or about $299 per month.
  4. American National: $1,451 per year, or about $121 per month.
  5. Auto-Owners: $3,678 per year, or about $306 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. Colorado Farm Bureau: $2,052 per year, or about $171 per month.
  2. Allstate: $4,504 per year, or about $375 per month.
  3. American Family: $3,185 per year, or about $265 per month.
  4. American National: $1,530 per year, or about $128 per month.
  5. Auto-Owners: $4,339 per year, or about $362 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:

  1. Colorado Farm Bureau: $1,514 per year, or about $126 per month.
  2. Allstate: $3,282 per year, or about $273 per month.
  3. American Family: $2,798 per year, or about $233 per month.
  4. American National: $1,024 per year, or about $85 per month.
  5. Auto-Owners: $2,541 per year, or about $212 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. Colorado Farm Bureau: $224 per year, or about $19 per month.
  2. Allstate: $748 per year, or about $62 per month.
  3. American Family: $1,090 per year, or about $91 per month.
  4. American National: $179 per year, or about $15 per month.
  5. Auto-Owners: $539 per year, or about $45 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. Colorado Farm Bureau: $3,026 per year, or about $252 per month.
  2. Allstate: $4,647 per year, or about $387 per month.
  3. American Family: $4,290 per year, or about $358 per month.
  4. American National: $3,434 per year, or about $286 per month.
  5. Auto-Owners: $7,874 per year, or about $656 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:

  1. Colorado Farm Bureau: $295 per year, or about $25 per month.
  2. Allstate: $942 per year, or about $79 per month.
  3. American Family: $1,210 per year, or about $101 per month.
  4. American National: $217 per year, or about $18 per month.
  5. Auto-Owners: $620 per year, or about $52 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. Colorado Farm Bureau: $1,799 per year, or about $150 per month.
  2. Allstate: $4,444 per year, or about $370 per month.
  3. American Family: $3,576 per year, or about $298 per month.
  4. American National: $1,295 per year, or about $108 per month.
  5. Auto-Owners: $3,570 per year, or about $297 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. Colorado Farm Bureau: $1,747 per year, or about $146 per month.
  2. Allstate: $4,353 per year, or about $363 per month.
  3. American Family: $3,141 per year, or about $262 per month.
  4. American National: $1,359 per year, or about $113 per month.
  5. Auto-Owners: $4,204 per year, or about $350 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:

  1. Colorado Farm Bureau: $1,458 per year, or about $121 per month.
  2. Allstate: $3,077 per year, or about $256 per month.
  3. American Family: $2,549 per year, or about $212 per month.
  4. American National: $991 per year, or about $83 per month.
  5. Auto-Owners: $2,421 per year, or about $202 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. Colorado Farm Bureau: $213 per year, or about $18 per month.
  2. Allstate: $726 per year, or about $61 per month.
  3. American Family: $1,013 per year, or about $84 per month.
  4. American National: $173 per year, or about $14 per month.
  5. Auto-Owners: $497 per year, or about $41 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. Colorado Farm Bureau: $2,913 per year, or about $243 per month.
  2. Allstate: $4,327 per year, or about $361 per month.
  3. American Family: $3,945 per year, or about $329 per month.
  4. American National: $3,329 per year, or about $277 per month.
  5. Auto-Owners: $7,468 per year, or about $622 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:

  1. Colorado Farm Bureau: $280 per year, or about $23 per month.
  2. Allstate: $898 per year, or about $75 per month.
  3. American Family: $1,134 per year, or about $95 per month.
  4. American National: $209 per year, or about $17 per month.
  5. Auto-Owners: $571 per year, or about $48 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. Colorado Farm Bureau: $1,724 per year, or about $144 per month.
  2. Allstate: $4,228 per year, or about $352 per month.
  3. American Family: $3,300 per year, or about $275 per month.
  4. American National: $1,257 per year, or about $105 per month.
  5. Auto-Owners: $3,373 per year, or about $281 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. Colorado Farm Bureau: $1,668 per year, or about $139 per month.
  2. Allstate: $4,070 per year, or about $339 per month.
  3. American Family: $2,899 per year, or about $242 per month.
  4. American National: $1,317 per year, or about $110 per month.
  5. Auto-Owners: $3,958 per year, or about $330 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:

  1. Colorado Farm Bureau: $1,526 per year, or about $127 per month.
  2. Allstate: $2,970 per year, or about $248 per month.
  3. American Family: $2,477 per year, or about $206 per month.
  4. American National: $879 per year, or about $73 per month.
  5. Auto-Owners: $2,337 per year, or about $195 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. Colorado Farm Bureau: $262 per year, or about $22 per month.
  2. Allstate: $714 per year, or about $60 per month.
  3. American Family: $1,013 per year, or about $84 per month.
  4. American National: $161 per year, or about $13 per month.
  5. Auto-Owners: $486 per year, or about $40 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. Colorado Farm Bureau: $3,050 per year, or about $254 per month.
  2. Allstate: $4,208 per year, or about $351 per month.
  3. American Family: $3,894 per year, or about $325 per month.
  4. American National: $2,957 per year, or about $246 per month.
  5. Auto-Owners: $7,215 per year, or about $601 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:

  1. Colorado Farm Bureau: $345 per year, or about $29 per month.
  2. Allstate: $897 per year, or about $75 per month.
  3. American Family: $1,134 per year, or about $95 per month.
  4. American National: $195 per year, or about $16 per month.
  5. Auto-Owners: $558 per year, or about $47 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. Colorado Farm Bureau: $1,818 per year, or about $152 per month.
  2. Allstate: $4,104 per year, or about $342 per month.
  3. American Family: $3,276 per year, or about $273 per month.
  4. American National: $1,123 per year, or about $94 per month.
  5. Auto-Owners: $3,262 per year, or about $272 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. Colorado Farm Bureau: $1,777 per year, or about $148 per month.
  2. Allstate: $3,952 per year, or about $329 per month.
  3. American Family: $2,871 per year, or about $239 per month.
  4. American National: $1,176 per year, or about $98 per month.
  5. Auto-Owners: $3,829 per year, or about $319 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:

  1. Colorado Farm Bureau: $1,772 per year, or about $148 per month.
  2. Allstate: $3,035 per year, or about $253 per month.
  3. American Family: $2,646 per year, or about $221 per month.
  4. American National: $963 per year, or about $80 per month.
  5. Auto-Owners: $2,532 per year, or about $211 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:

  1. Colorado Farm Bureau: $403 per year, or about $34 per month.
  2. Allstate: $760 per year, or about $63 per month.
  3. American Family: $1,106 per year, or about $92 per month.
  4. American National: $221 per year, or about $18 per month.
  5. Auto-Owners: $600 per year, or about $50 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:

  1. Colorado Farm Bureau: $3,542 per year, or about $295 per month.
  2. Allstate: $4,343 per year, or about $362 per month.
  3. American Family: $4,145 per year, or about $345 per month.
  4. American National: $3,229 per year, or about $269 per month.
  5. Auto-Owners: $7,781 per year, or about $648 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:

  1. Colorado Farm Bureau: $540 per year, or about $45 per month.
  2. Allstate: $954 per year, or about $80 per month.
  3. American Family: $1,252 per year, or about $104 per month.
  4. American National: $269 per year, or about $22 per month.
  5. Auto-Owners: $691 per year, or about $58 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:

  1. Colorado Farm Bureau: $2,137 per year, or about $178 per month.
  2. Allstate: $4,260 per year, or about $355 per month.
  3. American Family: $3,526 per year, or about $294 per month.
  4. American National: $1,275 per year, or about $106 per month.
  5. Auto-Owners: $3,681 per year, or about $307 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.

  1. Colorado Farm Bureau: $2,130 per year, or about $178 per month.
  2. Allstate: $4,095 per year, or about $341 per month.
  3. American Family: $3,063 per year, or about $255 per month.
  4. American National: $1,341 per year, or about $112 per month.
  5. Auto-Owners: $4,366 per year, or about $364 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 70 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.

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 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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