Car insurance is a must for all drivers, but finding Cheapest Full Coverage Car Insurance options in Colorado can be tough. Prices vary based on your driving history, location, and the type of coverage you choose.
State Farm offers the cheapest car insurance in Colorado, costing $1,948 per year or $162 per month. That’s 33% lower than the state average of $241 per month. For members of the military community, USAA provides the most affordable full-coverage rates overall.
This guide will help you find the best deals on car insurance to fit your needs and budget in Colorado.
Full-coverage car insurance costs by company
| Company | Annual Rate | Rating |
| State Farm | $1,948 | Excellent |
| Progressive | $2,569 | Very Good |
| Geico | $2,271 | Very Good |
| American Family | $2,528 | Good |
| Auto-Owners | $2,169 | Good |
| USAA* | $1,840 | Excellent |
“Note: USAA is only available to military members and their families.”
Cheapest Liability Insurance
State Farm offers the cheapest liability-only car insurance in Colorado at $57 per month, or $689 annually. Progressive follows with the next-cheapest rates at $61 per month, or $727 annually.
Liability Rates
| Company | Annual Rate |
| State Farm | $689 |
| Progressive | $727 |
| Geico | $784 |
| American Family | $786 |
| Auto-Owners | $806 |
| USAA* | $450 |
Cheapest Teen Insurance
State Farm offers the Cheapest Full Coverage Car Insurance for teens in Colorado, with liability insurance at $198 a month. Geico and American Family follow at $207 and $208 per month.
State Farm also has the cheapest full coverage car insurance for teens at $467 a month.
Teen Insurance Rates
| Company | Liability | Full Coverage |
| State Farm | $2,377 | $5,605 |
| Progressive | $3,497 | $10,935 |
| Geico | $2,488 | $6,220 |
| American Family | $2,501 | $7,150 |
| Auto-Owners | $3,107 | $7,102 |
| USAA* | $1,305 | $4,440 |
Young drivers often get cheaper full coverage car insurance when they’re added to their parent’s policy. They can also save money by:
- Doing well in school
- Taking a driver’s education class
- Going to college without bringing a car
Cheapest Insurance After Ticket
State Farm offers the cheapest Full Coverage car insurance for drivers with a Speeding ticket in Colorado at $174 per month, 7% less than Auto-Owners’ $188. While a speeding ticket usually raises rates by 29%, State Farm only increases rates by 7%.
Auto Insurance Rates After a Speeding Ticket
| Company | Annual Rate |
| State Farm | $2,086 |
| Auto-Owners | $2,262 |
| American Family | $2,972 |
| Geico | $3,036 |
| Progressive | $4,135 |
With a Speeding Ticket: State Farm charges $218 per month for liability, slightly lower than American Family’s $226.
Cheapest Insurance After an Accident
State Farm offers the cheapest auto insurance in Colorado for drivers with an at-fault accident, charging $186 per month. This is nearly half the state average of $376 and 38% less than Auto-Owners’ $301 monthly rate.
Insurance Rates After an Accident
After an Accident: State Farm averages $240 per month, 21% less than American Family’s $306.
| Company |
Annual Rate |
|---|---|
| State Farm | $2,237 |
| Auto-Owners | $3,615 |
| American Family | $3,748 |
| Geico | $4,300 |
| Progressive | $4,605 |
Cheapest Insurance After a DUI
Progressive offers the lowest rates for drivers with a DUI(Driving Under the Influence) in Colorado at $324 a month. Geico is next at $353 a month and has extra discounts for military, federal workers, and certain groups.
“DUI means driving while impaired by alcohol, drugs, or other substances that affect your ability to drive safely.”
Rates
| Company | Annual Rate | Monthly Rate |
| State Farm | $4,530 | $378 |
| Auto-Owners | $4,486 | $374 |
| American Family | $4,416 | $368 |
| Geico | $4,233 | $353 |
| Progressive | $3,892 | $324 |
Best for Drivers with Bad Credit
Geico offers the cheapest full coverage car insurance for Colorado drivers with bad credit at $280 per month, 22% less than American Family’s $359.
Drivers with bad credit in Colorado pay about $472 monthly on average. Improving your credit by paying off debt and avoiding late payments can help you qualify for better rates.
Rates
| Company | Annual Rate | Monthly Rate |
| State Farm | $7,778 | $648 |
| Auto-Owners | $6,577 | $548 |
| American Family | $4,303 | $359 |
| Geico | $3,355 | $280 |
| Progressive | $4,631 | $386 |
Cheapest Company
State Farm offers the cheapest full coverage car insurance rates in Colorado, but Auto-Owners has the better complaint rating from the National Association of Insurance Commissioners (NAIC).
While State Farm provides lower rates, Auto-Owners is available through independent agents, giving you the opportunity to compare quotes from multiple companies at once.
On the other hand, State Farm and Allstate work with exclusive agents, who can only offer quotes from their own companies. When shopping for the best deal, it’s important to consider both cost and customer service ratings
Car Insurance Laws in Colorado
In Colorado, car insurance is mandatory. You must have liability coverage of at least:
- Bodily Injury Liability: $25,000 per person, $50,000 per accident
- Property Damage Liability: $15,000
Additionally, some insurers may offer optional coverage such as comprehensive and collision insurance, which could be beneficial depending on the value of your car.
Difference Between Cheapest and Best Insurance
Cheapest Insurance:
- Costs less money every month.
- Gives basic protection, which might not cover everything.
- Has higher deductibles (you pay more before insurance helps).
- Might not have the best customer service.
Best Insurance:
- Gives more protection and covers more things.
- Might have lower deductibles (you pay less before insurance helps).
- Has better customer service.
- Offers extra features like roadside help or accident forgiveness.
Conclusion
State Farm is the cheapest full coverage car insurance in Colorado, especially for drivers with a clean record or after events like a speeding ticket or DUI. However, Auto-Owners is also a good option with lower complaint ratings and offers insurance through independent agents.
It’s important to compare prices and services to find the best deal for you. Consider both the cost and the customer service to choose the right insurance for your needs.
