The Cheapest Car Insurance in Colorado for March 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. American National: $1,867 per year, or about $156 per month.
  2. Colorado Farm Bureau: $2,352 per year, or about $196 per month.
  3. Geico: $3,724 per year, or about $310 per month.
  4. Auto-Owners: $4,754 per year, or about $396 per month.
  5. Farmers Union: $4,814 per year, or about $401 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. American National: $399 per year, or about $33 per month.
  2. Colorado Farm Bureau: $596 per year, or about $50 per month.
  3. Geico: $793 per year, or about $66 per month.
  4. California Casualty: $994 per year, or about $83 per month.
  5. State Farm: $1,239 per year, or about $103 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. Geico: $1,082 per year, or about $90 per month.
  3. American National: $1,343 per year, or about $112 per month.
  4. California Casualty: $1,685 per year, or about $140 per month.
  5. Grange Insurance Association: $1,824 per year, or about $152 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. American National: $485 per year, or about $40 per month.
  2. Colorado Farm Bureau: $783 per year, or about $65 per month.
  3. Geico: $856 per year, or about $71 per month.
  4. California Casualty: $1,333 per year, or about $111 per month.
  5. State Farm: $1,431 per year, or about $119 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: $605 per year, or about $50 per month.
  2. Colorado Farm Bureau: $752 per year, or about $63 per month.
  3. Geico: $1,244 per year, or about $104 per month.
  4. California Casualty: $1,564 per year, or about $130 per month.
  5. Farmers Union: $1,723 per year, or about $144 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: $653 per year, or about $54 per month.
  2. Colorado Farm Bureau: $891 per year, or about $74 per month.
  3. Geico: $1,528 per year, or about $127 per month.
  4. Farmers Union: $1,855 per year, or about $155 per month.
  5. California Casualty: $1,969 per year, or about $164 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. American National: $1,130 per year, or about $94 per month.
  2. Colorado Farm Bureau: $1,743 per year, or about $145 per month.
  3. Geico: $2,257 per year, or about $188 per month.
  4. Grange Insurance Association: $2,304 per year, or about $192 per month.
  5. State Farm: $2,313 per year, or about $193 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: $189 per year, or about $16 per month.
  2. California Casualty: $305 per year, or about $25 per month.
  3. Colorado Farm Bureau: $310 per year, or about $26 per month.
  4. Grange Insurance Association: $326 per year, or about $27 per month.
  5. Geico: $441 per year, or about $37 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: $3,073 per year, or about $256 per month.
  2. Grange Insurance Association: $3,078 per year, or about $257 per month.
  3. Colorado Farm Bureau: $3,448 per year, or about $287 per month.
  4. American National: $3,797 per year, or about $316 per month.
  5. Farmers Union: $3,990 per year, or about $333 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. American National: $231 per year, or about $19 per month.
  2. Grange Insurance Association: $398 per year, or about $33 per month.
  3. Colorado Farm Bureau: $407 per year, or about $34 per month.
  4. California Casualty: $430 per year, or about $36 per month.
  5. State Farm: $512 per year, or about $43 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: $1,451 per year, or about $121 per month.
  2. Colorado Farm Bureau: $2,106 per year, or about $175 per month.
  3. State Farm: $2,985 per year, or about $249 per month.
  4. Grange Insurance Association: $3,054 per year, or about $255 per month.
  5. California Casualty: $3,481 per year, or about $290 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: $1,530 per year, or about $128 per month.
  2. Colorado Farm Bureau: $2,052 per year, or about $171 per month.
  3. American Family: $3,185 per year, or about $265 per month.
  4. State Farm: $3,462 per year, or about $288 per month.
  5. California Casualty: $4,028 per year, or about $336 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. American National: $1,024 per year, or about $85 per month.
  2. Colorado Farm Bureau: $1,514 per year, or about $126 per month.
  3. State Farm: $2,253 per year, or about $188 per month.
  4. Geico: $2,273 per year, or about $189 per month.
  5. Farmers Union: $2,294 per year, or about $191 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: $179 per year, or about $15 per month.
  2. Colorado Farm Bureau: $224 per year, or about $19 per month.
  3. Grange Insurance Association: $352 per year, or about $29 per month.
  4. California Casualty: $392 per year, or about $33 per month.
  5. Geico: $444 per year, or about $37 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. Geico: $3,077 per year, or about $256 per month.
  3. Grange Insurance Association: $3,290 per year, or about $274 per month.
  4. American National: $3,434 per year, or about $286 per month.
  5. Farmers Union: $3,646 per year, or about $304 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. American National: $217 per year, or about $18 per month.
  2. Colorado Farm Bureau: $295 per year, or about $25 per month.
  3. Grange Insurance Association: $432 per year, or about $36 per month.
  4. State Farm: $518 per year, or about $43 per month.
  5. California Casualty: $553 per year, or about $46 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: $1,295 per year, or about $108 per month.
  2. Colorado Farm Bureau: $1,799 per year, or about $150 per month.
  3. State Farm: $2,903 per year, or about $242 per month.
  4. Grange Insurance Association: $3,276 per year, or about $273 per month.
  5. Travelers: $3,397 per year, or about $283 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: $1,359 per year, or about $113 per month.
  2. Colorado Farm Bureau: $1,747 per year, or about $146 per month.
  3. American Family: $3,141 per year, or about $262 per month.
  4. State Farm: $3,376 per year, or about $281 per month.
  5. Farmers Union: $3,859 per year, or about $322 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. American National: $991 per year, or about $83 per month.
  2. Colorado Farm Bureau: $1,458 per year, or about $121 per month.
  3. Farmers Union: $2,078 per year, or about $173 per month.
  4. State Farm: $2,163 per year, or about $180 per month.
  5. Grange Insurance Association: $2,206 per year, or about $184 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: $173 per year, or about $14 per month.
  2. Colorado Farm Bureau: $213 per year, or about $18 per month.
  3. Grange Insurance Association: $314 per year, or about $26 per month.
  4. California Casualty: $389 per year, or about $32 per month.
  5. Geico: $405 per year, or about $34 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. Grange Insurance Association: $2,948 per year, or about $246 per month.
  3. Geico: $2,980 per year, or about $248 per month.
  4. Farmers Union: $3,135 per year, or about $261 per month.
  5. American National: $3,329 per year, or about $277 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. American National: $209 per year, or about $17 per month.
  2. Colorado Farm Bureau: $280 per year, or about $23 per month.
  3. Grange Insurance Association: $388 per year, or about $32 per month.
  4. Geico: $490 per year, or about $41 per month.
  5. State Farm: $512 per year, or about $43 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: $1,257 per year, or about $105 per month.
  2. Colorado Farm Bureau: $1,724 per year, or about $144 per month.
  3. State Farm: $2,780 per year, or about $232 per month.
  4. Grange Insurance Association: $2,934 per year, or about $245 per month.
  5. Farmers Union: $3,229 per year, or about $269 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: $1,317 per year, or about $110 per month.
  2. Colorado Farm Bureau: $1,668 per year, or about $139 per month.
  3. American Family: $2,899 per year, or about $242 per month.
  4. State Farm: $3,246 per year, or about $271 per month.
  5. Farmers Union: $3,849 per year, or about $321 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. American National: $879 per year, or about $73 per month.
  2. Colorado Farm Bureau: $1,526 per year, or about $127 per month.
  3. State Farm: $1,982 per year, or about $165 per month.
  4. Farmers Union: $2,089 per year, or about $174 per month.
  5. Geico: $2,201 per year, or about $183 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: $161 per year, or about $13 per month.
  2. Colorado Farm Bureau: $262 per year, or about $22 per month.
  3. Grange Insurance Association: $320 per year, or about $27 per month.
  4. California Casualty: $352 per year, or about $29 per month.
  5. Geico: $407 per year, or about $34 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: $2,953 per year, or about $246 per month.
  2. American National: $2,957 per year, or about $246 per month.
  3. Grange Insurance Association: $3,036 per year, or about $253 per month.
  4. Colorado Farm Bureau: $3,050 per year, or about $254 per month.
  5. Farmers Union: $3,155 per year, or about $263 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. American National: $195 per year, or about $16 per month.
  2. Colorado Farm Bureau: $345 per year, or about $29 per month.
  3. Grange Insurance Association: $392 per year, or about $33 per month.
  4. State Farm: $492 per year, or about $41 per month.
  5. Geico: $493 per year, or about $41 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: $1,123 per year, or about $94 per month.
  2. Colorado Farm Bureau: $1,818 per year, or about $152 per month.
  3. State Farm: $2,558 per year, or about $213 per month.
  4. Grange Insurance Association: $3,006 per year, or about $251 per month.
  5. Farmers Union: $3,255 per year, or about $271 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: $1,176 per year, or about $98 per month.
  2. Colorado Farm Bureau: $1,777 per year, or about $148 per month.
  3. American Family: $2,871 per year, or about $239 per month.
  4. State Farm: $3,008 per year, or about $251 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. American National: $963 per year, or about $80 per month.
  2. Colorado Farm Bureau: $1,772 per year, or about $148 per month.
  3. State Farm: $2,031 per year, or about $169 per month.
  4. Geico: $2,425 per year, or about $202 per month.
  5. Farmers Union: $2,442 per year, or about $204 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. American National: $221 per year, or about $18 per month.
  2. Grange Insurance Association: $364 per year, or about $30 per month.
  3. California Casualty: $402 per year, or about $34 per month.
  4. Colorado Farm Bureau: $403 per year, or about $34 per month.
  5. State Farm: $459 per year, or about $38 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. Geico: $3,151 per year, or about $263 per month.
  2. American National: $3,229 per year, or about $269 per month.
  3. Grange Insurance Association: $3,410 per year, or about $284 per month.
  4. Colorado Farm Bureau: $3,542 per year, or about $295 per month.
  5. Farmers Union: $3,547 per year, or about $296 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. American National: $269 per year, or about $22 per month.
  2. Grange Insurance Association: $444 per year, or about $37 per month.
  3. State Farm: $528 per year, or about $44 per month.
  4. Colorado Farm Bureau: $540 per year, or about $45 per month.
  5. Geico: $574 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:

  1. American National: $1,275 per year, or about $106 per month.
  2. Colorado Farm Bureau: $2,137 per year, or about $178 per month.
  3. State Farm: $2,662 per year, or about $222 per month.
  4. Grange Insurance Association: $3,386 per year, or about $282 per month.
  5. American Family: $3,526 per year, or about $294 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. American National: $1,341 per year, or about $112 per month.
  2. Colorado Farm Bureau: $2,130 per year, or about $178 per month.
  3. American Family: $3,063 per year, or about $255 per month.
  4. State Farm: $3,149 per year, or about $262 per month.
  5. Allstate: $4,095 per year, or about $341 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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