The Average Cost of Car Insurance in Colorado

The statewide average premium for car insurance in Colorado is $1,171 a year or $97 a month. That’s 11 percent more expensive than the national average of $1,047. ¹ Again, average rates will vary drastically based on many factors that insurance providers consider when calculating premiums, such as age, gender and credit score. This means the averages we present are not exact figures for your personal situation.

Here’s a detailed look at how your personal background and driving history might contribute to your car insurance rates in Colorado.

By Age

Younger drivers tend to pay the highest car insurance rates because they get into more accidents and receive traffic violations compared to the rest of the population. Senior drivers over the age of 70 can also expect to pay higher-than-average rates for similar reasons, which you’ll see in the table below.

Here’s the full cost breakdown by age in Colorado:

By Gender

On average, men pay more than women for car insurance because they tend to get into accidents and receive traffic violations at higher rates than women. That trend holds up in Colorado, where men will pay slightly more for car insurance on average.

By Marital Status

Married couples tend to pay their premiums on time, report fewer claims and receive fewer traffic violations than single drivers. Insurance providers consider all of those factors when determining rates of married couples, which tend to be lower than those of unmarried drivers.

By Coverage Level

Although you only need liability coverage ― property damage and bodily injury coverage ― to drive in Colorado, we recommend getting full coverage and uninsured motorists/underinsured motorist protection with limits as high as you can afford.

Here are the cheapest car insurance companies in Colorado based on background and demographic.

Although car insurance rates differ from driver to driver and provider to driver, there are a few best practices you can follow to ensure you’re getting the cheapest rates in Colorado.

1. Compare car insurance quotes from multiple car insurance companies before choosing a provider.
2. Drive a vehicle with low insurance costs. Small SUVs, standard SUVs and pickup trucks are some of the cheapest cars to insure.
3. Maintain a good credit score.
4. If you don’t drive a lot, take advantage of a pay-per-mile plan.
5. Increase your deductibles.
6. Drive safely.

Here are the minimum insurance requirements to drive legally in Colorado:

• $25,000 for bodily injury per person
• $50,00 for bodily injury per accident
• $15,000 for property damage per accident⁴

Although technically, you can drive with minimum limits in Colorado, we recommend increasing your limits as much as you can afford to ensure that you and your passengers are well protected.

Colorado is an at-fault state that follows the modified comparative negligence rule, which states that if a driver is 50 percent at-fault in an accident, they lose their right to receive compensation for any damages. So if the other driver is at-fault for 80 percent of the accident and your damages are $10,000, the other driver’s provider will cover $8,000 and your provider will pay $2,000.

An SR-22 certificate of financial responsibility proves you have the minimum insurance requirements to drive in Colorado. You may need an SR-22 if you have a history of car accidents, traffic violations or other serious violations, such as a DUI. The state may ask you to carry an SR-22 for up to three years, and the DMV could suspend your license if you don’t maintain your SR-22 during that time.⁵

Although Coloradons pay more than most of the country on average, you can still find affordable insurance by asking your agent about discounts, driving safely, taking advantage of pay-per-mile programs and comparing quotes.

Be sure to shop around when looking for the best car insurance plan. With more than 300 home and car insurance companies in Colorado, it will pay to take your time to find the best provider for your unique needs.⁶

AutoInsurance.com has more than 20 years of experience connecting drivers to providers and collecting data about what makes some car insurance providers more successful than others. We look at key insights related to things like a driver’s marital status, credit score, driving history, location and several other factors to determine which Coloradans qualify for the best car insurance rates with which providers, on average.