Cheap Car Insurance in Colorado for 2024

Rocky Mountain Highs and Car Insurance Updates:

Embark on Colorado’s breathtaking roads with these essential updates for 2024:

Colorado Vehicle Code Changes:

• Distracted driving crackdown: As of July 1st, holding a phone while driving is completely prohibited, even at stoplights. Hands-free devices are still allowed. (Source: Colorado House Bill 1299)
• Motorcycle lane splitting: No changes to the current law allowing lane splitting under specific conditions like slow traffic and maintaining a 15 mph speed difference. (Source: Colorado Revised Statutes Title 42)
• Electric vehicle (EV) incentives: Colorado offers EV tax credits and rebates to encourage sustainable transportation. Explore available programs through the Colorado Department of Revenue. (Source: Colorado Department of Revenue)

Inexpensive Auto Insurance Quotes in Colorado (2024):

(Sources: The Zebra, Value Penguin)

The cost of car insurance in Colorado varies depending on factors such as ZIP code, driving history, vehicle type, and insurance coverages selected.

Factors Affecting Automobile Insurance

Not only do your insurance rates vary depending on where you live and the vehicle you drive, but several other factors can also influence the cost of vehicle insurance in Colorado. This includes:

• Age.
• Gender.
• Marital status.
• Driving history.
• Credit score.
• Insurance company.
• Coverages.

Colorado is a fault state. This means that if an accident occurs, the driver at fault will be responsible for paying for injuries and damages.

In Colorado, every automobile on the road must have liability car insurance.

If you cause an accident, liability insurance covers the other party’s bodily injuries, as well as damage to their vehicle or property.

If you drive your car without minimum liability car insurance, you could receive a fine of $550 or more.

In Colorado, causing a car accident without auto insurance can lead to a suspended driver’s license unless you pay for the resulting damages or injuries.

To help you find cheap car insurance in the Colorado, we’ve compared cheap car insurance quotes from insurance companies in these Colorado counties:

• El Paso.
• Denver.
• Arapahoe.
• Jefferson.
• Adams.

Some of the cheapest car insurance companies with lower car insurance in Colorado are:

• Sun Coast.
• Bristol West.
• Dairyland.
• The General.
• State Auto.
• Kemper Auto.

Because the cost of automobile insurance in Colorado is dependent on your unique driving profile, we’ve gone a step further, we gathered car insurance quotes for these types of drivers:

• Good drivers (those with a clean driving record).
• Young drivers (those aged between 16 and 25).
• Bad drivers (those with a history of traffic violations).

Minimum Liability Auto Insurance in Colorado

Minimum liability insurance is a popular choice because you pay much cheaper car insurance premiums. However, it only covers the other driver’s injuries and property damage.

This means that minimum liability auto insurance in Colorado doesn’t include protection for damage to your own vehicle or injuries sustained by you or your passengers.

The minimum liability car insurance requirements in Colorado State are:

• $25,000 for bodily injury or death to any one person in an accident.
• $50,000 for bodily injury or death to all persons in any one accident.
• $15,000 for property damage in any given accident.

If you’re found to be at-fault in a car accident and you do not meet the minimum liability car insurance requirements, you will be held personally responsible for paying the other party’s medical bills, legal bills, and lost wages.

Bodily injury insurance is a crucial component of liability insurance. It covers medical expenses for individuals injured in an accident, excluding the policyholder.

We have found that on average, the cost of a minimum liability auto insurance policy in Colorado State is $231.90 per month.

Sun Coast offers the cheapest car insurance rates for minimum liability coverage, which costs on average $148.40 per month.

Inexpensive Full Coverage Car Insurance in Colorado

Unless you have significant savings, it would be beneficial to have full coverage car insurance to cover you in the event of the following scenarios:

• Theft or theft of parts.
• Non crash damage (e.g., natural disasters, fire, flooding).
• A broken windshield.
• Car damage from hitting an animal.

Without full coverage car insurance, you risk facing a situation where your car is undriveable due to repair costs. This can lead to significant inconvenience and financial hardship.

To provide you with the best information on Colorado auto insurance, we’ve compared quotes from four different insurers.

We have found that on average, the cost of a car insurance policy in Colorado is $330.17 per month.

The two cheapest automobile insurance quotes in Colorado from carriers are:

• Sun Coast with average rates of $171.80.
• Travelers with average rates of $248.40.

Affordable Car Insurance in Colorado for Drivers with Clean Driving Records

The best way to prevent an increase in your annual insurance premium is to maintain a clean driving record free of traffic violations and accidents.

Drivers with a clean record are in a good position to find cheap insurance in Colorado. Auto insurance companies consider good drivers to be people who:

• Have not been the cause of any car accidents.
• Not committed traffic offenses.
• Have a good credit score.
• Have not been issued speeding tickets.
• No reckless driving charges om record.
• Have no DUI convictions.

Some car insurance companies will offer an additional discount if you have completed an accredited defensive driving course.

We looked at the average price of car insurance offered by car insurance companies in Colorado for good drivers.

We have found that on average, the cost of auto insurance for good drivers in Colorado is $265.97 per month.

The two low cost car insurance companies for good drivers are:

• Sun Coast with average rates of $171.80 per month.
• Travelers with average rates of $228.20 per month.

Cheaper Car Insurance in Colorado for High-Risk Drivers

Drivers with incidents on their record such as an at-fault accident or a DUI (driving under the influence) pay higher auto insurance in Colorado.

Drivers with prior traffic violations are regarded by car insurance companies as being a higher risk to insure than those who have a clean traffic record.

Consequently, insurance companies believe high-risk drivers are more likely to file future claims against their auto insurance policies.

Some of the offenses that may lead to someone being considered a high-risk driver include:

• Reckless driving.
• Speeding tickets.
• Unpaid insurance policy premiums.
• A poor credit rating.

The average cost of car insurance for bad drivers in Colorado is $325.36 per month.

The two cheapest auto insurance companies for bad drivers are:

• Sun Coast with average rates of $238.00 per month.
• Liberty Mutual with a rate of $239.00 per month.

Inexpensive Car Insurance in Colorado for Young Drivers

Since young drivers have less experience behind the wheel and tend to get into accidents more often, insurers typically charge them higher insurance rates compared to more mature drivers.

Good student and driver safety course discounts and staying on a parent’s policy for as long as possible can help young drivers get low cost auto insurance.

We’ve compared the cost of car insurance for young drivers in Colorado to help you save on auto insurance costs.

Bristol West offers the cheapest vehicle insurance quotes for young drivers with average rates of $361.80 per month.

Tips for Finding Affordable Vehicle Insurance

Take note of lender requirements

If your car is financed or leased, banks or other financial institutions are likely to require that you have liability insurance, comprehensive and collision insurance.

Full coverage car insurance protects your lender if you’re in a car accident or your car is stolen and you can no longer afford to meet your monthly payments.

Therefore, you should avoid letting your vehicle insurance lapse, as single interest car insurance is significantly more costly than standard coverage.

Compare inexpensive auto insurance quotes from different insurance companies

Even if you believe you’ve found an inexpensive auto insurance quote, it’s always recommended to compare insurance quotes from multiple providers.

The only way to be completely certain that you’re getting the best price for car insurance is to compare affordable automobile insurance quotes from multiple insurers.

You can do this yourself, but it is time consuming. To obtain a car insurance quote, you’ll need to contact each insurance company either by phone or online.

Search for discounts

Top vehicle insurance companies in Colorado have a variety of discounts, so almost anyone can find ways to save.

You may be able to get a discount if you’re a student, veteran, good driver, homeowner, willing to go paperless, and more. Make sure you ask your Agent or insurance company.

Coverage may be based on where you live

Car insurance prices can vary a lot based on the zip code where you reside in Colorado.

On average, drivers that live in the most expensive parts of Colorado spend over $800 more per year for full coverage car insurance than those living in the least expensive areas.

Car Insurance Companies in Colorado

1. State Auto

Established in 1921, State Auto takes great pride in being innovative and doing things differently, especially when it comes to:

• Overall customer service.
• Customer flexibility.
• Innovation and technology.

In addition to car insurance, State Auto offers homeowners insurance and umbrella insurance.

State Auto also offers the following types of coverage:

• Liability: Covers your liability to others for bodily injury or property damage for which you are legally at fault.
• Medical payments/personal injury protection: Pays medical bills for you and others, including doctor, hospital, and surgical expenses, without regard to negligence.
• Uninsured/underinsured motorists: Pays for bodily injury resulting from a hit-and-run driver, a driver with no insurance, or a driver who is inadequately insured.
• Collision: Covers damage to your auto resulting from an accident.

2. Bristol West

Founded in 1973, Bristol West’s national footprint makes it one of the top ten biggest insurance companies in the U.S.

Bristol West was originally created to provide high risk drivers with non-standard car insurance, and has since expanded its services to all types of drivers.

Some of the benefits offered by Bristol West include:

• Multiple policy bundling discounts.
• Personalized car insurance policies.
• Rideshare coverage.
• Medical payments.
• Gap coverage.
• Towing and roadside assistance.

Automobile Insurance in Colorado FAQs

What are the car insurance requirements in Colorado?

Colorado law requires all drivers to obtain a certain amount of car insurance, which is often called minimum coverage.

• Bodily injury liability – $25,000 per person / $50,000 per accident.
• Property damage – $15,000 per accident.

What are the penalties for driving without auto insurance in Colorado? 

According to the Colorado State Department of Licensing, if you drive without the required insurance, you could be ordered to pay a fine of $550 or more.

In addition, if you don’t have insurance, your license may be suspended if you cause a car accident and you’re unable to pay the injured parties’ damages.

What automobile insurance discounts are available in Colorado State?

In Colorado, car insurance companies consider factors such as employment, credit rating, as well as residential and marital status when setting auto insurance rates.

What reasons suspend my license in Colorado?

Reasons for the suspension of your license include:

• Alcohol and drug-related offenses.
• Driving without liability insurance.
• Points based suspensions.
• Not paying child support.
• Criminal convictions.

If you’re caught driving on a suspended or revoked license you can be charged with a misdemeanor.

In many cases, the maximum penalty is six months in jail and a fine of $500.

If you have a second or subsequent conviction within five years, consequently, you won’t be eligible for a driver’s license for three years.

Is car insurance mandatory in Colorado?

Yes, all Colorado drivers must carry at least the minimum required liability insurance to drive.

However, liability insurance only applies to the damage the other driver sustains, so you may consider also getting a full coverage automobile insurance policy to protect yourself from high out of pocket costs.

How do I find cheap car insurance in Colorado?

The best way to find cheap car insurance in Colorado is to get at least four inexpensive auto insurance quotes from different insurance companies.

Additionally, you should also compare them to see which one offers you the best deductibles and coverage limits at the cheapest insurance price.

Should you get cheaper car insurance in Colorado?

The cheapest car insurance quote may not always be the best option. On average, you can get cheaper auto insurance rates by opting for less coverage, but this leaves you exposed as you will get limited protection.

For instance, a state minimum policy in Colorado will not cover the cost of damages to your car would have an accident and needs repairs