Cheap Car Insurance in Colorado

Cheap Car Insurance in Colorado

It is mandatory to get car insurance in Colorado for drivers to drive legally in the state. Auto insurance costs may be 10-15% higher in Colorado than in other states in the USA. Different companies in Colorado provide car insurance at different rates. According to data gathered by MyMoneyMyQuotes following are the cheap car insurance providers that offer car insurance at affordable rates in Colorado:

Name of the Company Average annual car insurance premiums
The Hartford $847
Auto-Owners $1185
Travelers $1201
USAA $1410
Cal Casualty $1478
Allied $1499
State Farm $1536
Nationwide $1677
Titan $1801
MetLife $1853
Esurance $1872
Allstate $1893
Grange $1920
GEICO $2116
American Family $2283
Unitrin $2378
Colorado Farm Bureau $2480
Safeco $2502
Farmers $2610
Metropolitan $2773
Progressive $2957
Encompass $3486

Cheap car insurance in Colorado for good drivers 

Car insurance companies may charge high car insurance premiums from drivers in Colorado with histories of speeding tickets, at-fault accidents, or DUI citations. Car insurance companies in Colorado may provide 10-15% discounts on car insurance premiums to those who have a good driving history but discount rates vary from company to company. You can save money on a car insurance policy in Colorado by maintaining a good driving record. 

  • Drivers with no traffic ticket may save $316 on car insurance premiums in Colorado. 
  • Drivers may save $706 on car insurance premiums if they have an accident-free record in Colorado.
  •  By maintaining a good credit history you may save $1013 on car insurance premiums in Colorado. 

Cheap car insurance for inexperienced drivers in Colorado

Most auto insurance providers may charge high auto insurance premiums in Colorado from young or inexperienced drivers because inexperienced drivers are riskier for auto insurance companies than experienced drivers.  Auto insurance premiums in Colorado vary according to the age of the drivers. Some companies charge high auto insurance costs from young drivers in Colorado. 

Age Average annual auto insurance premiums
16 $7420
17 $6396
18 $5608
19 $3446
20s $2136
30s $1730
40s $1670
50s $1553
60s $1558
70s $1762

Affordable auto insurance in Colorado for high-risk drivers

Car insurance companies in Colorado charge high auto insurance premiums from those drivers who have a bad driving history as compared to the drivers who have no at-fault accidents, speeding tickets, or DUIs. Drivers with a good driving record in Colorado can save money on auto insurance policies because auto insurance companies check the driving record of the past 3 to 5 years to decide the car insurance cost. Drivers with a good driving history and good credit record in Colorado may get discounts on car insurance policies.

Average auto insurance cost by gender in Colorado

Some car insurance companies in Colorado may charge different auto insurance premiums from men and women.

Gender Average annual auto insurance premium
Male $1762
Female $1763

Average auto insurance premiums in Colorado by Marital Status

In Colorado, married drivers may save $126 on a car insurance policy. Most car insurance companies in Colorado charge higher car insurance premiums from single drivers than married drivers. 

Marital Status Average annual car insurance premiums
Single $1763
Married $1640
Divorced $1763
Widowed $1684

Average car insurance premiums by credit score in Colorado

Car insurance companies in Colorado consider a credit score of the driver to decide the car insurance policy cost. Car insurance providers in Colorado provide car insurance policies at cheaper rates to those drivers who have a good credit record than those who have a bad credit record because drivers with good credit scores are less likely to file claims.

Credit Level Average annual auto insurance premiums
Very poor $3232
Fair $2642
Good $2214
Very Good $1860
Exceptional $1530

Best car insurance companies in Colorado

Some companies in Colorado charge lower car insurance premiums than others. To get the best auto insurance policy in Colorado you should check the reputation and services of the insurance companies because finding an affordable car insurance policy is not just enough. You can find the best auto insurance company in Colorado by comparing car insurance quotes from different car insurance providers. According to the data gathered by the MyMoneyMyQuotes following are the best car insurance providers in Colorado:

  1. Allied
  2. Allstate
  3. American Family
  4. Amica
  5. Auto-Owners
  6. Colorado Farm Bureau
  7. Encompass
  8. Farmers
  9. GEICO
  10. MetLife
  11. Nationwide
  12. Progressive
  13. State Farm
  14. Travelers
  15. USAA

What auto insurance coverage is mandatory to purchase for drivers in Colorado?

The average annual cost to get the minimum required coverage in Colorado may be around $678. The minimum required coverage for drivers in Colorado to drive legally in the state is:

Coverage type Coverage limit
Bodily injury coverage per person $25000
Bodily injury per accident $50000
Property damage per accident $15000

 

The state minimum auto insurance requirements in Colorado

The state minimum auto insurance coverage requirement in Colorado is liability coverage.

  1. $25000 bodily injury coverage per person is required in Colorado.
  2. $50000 bodily injury coverage per accident is required in Colorado.
  3. $15000 property damage coverage per accident is required in Colorado.

Other types of optional coverages in Colorado are:

  1. Comprehensive
  2. Collision
  3. Roadside Assistance
  4. Uninsured Motorist Bodily Injury
  5. Loan/Lease Payoff
  6. Medical and Funeral Services
  7. Rental Car Reimbursement
  8. Uninsured Motorist Property Damage

Fine for driving without car insurance in Colorado

If anyone caught driving without a car insurance policy in Colorado then the police may charge a fine. 

Car insurance prices by cities in Colorado

Car insurance premiums in Colorado may vary from city to city. In some cities of Colorado, car insurance prices are high compared to others.

City Average annual insurance premiums
Pueblo $2187
Aurora $2014
Lakewood $2013
Denver $1955
Colorado Springs $1900
Commerce City $1846
Security-Widefield $1783
Northglenn $1765
Centennial $1752
Parker $1746
Arvada $1738
Littleton $1700
Castle Rock $1685
Highlands Ranch $1683
Brighton $1670
Greeley $1640
Boulder $1636
Broomfield $1625
Longmont $1593
Fort Collins $1540
Loveland $1476
Grand Junction $1397

If you are looking for a car insurance deal in Colorado, you can compare car insurance quotes provided for free by MyMoneyMyQuotes.com to get yourself the best possible deal.

MyMoneyMyQuotes

MyMoneyMyQuotes

Leave a Reply

Your email address will not be published. Required fields are marked *