If you’re searching for cheap car insurance in Colorado, you’re in the right place. Drivers in Colorado pay an average of $2,173 annually or about $181 per month for full coverage car insurance. However, you can find more affordable options by shopping around and comparing quotes.
Whether you’re a young driver, a seasoned motorist, or someone in between, understanding how car insurance works in Colorado and how rates are determined is key to saving money.
Cheap Car Insurance Colorado: How to Find Affordable Rates
Factors That Influence Car Insurance Rates
The cost of car insurance in Colorado is influenced by several factors, including:
- Age: Younger drivers tend to pay higher premiums due to their inexperience.
- Driving History: A clean driving record can significantly lower your rates.
- Location: Your zip code can impact your rates, as urban areas often have higher accident rates.
- Vehicle Type: The make and model of your car can affect premiums.
- Credit Score: Insurers consider your credit history when calculating rates.
Since every driver’s situation is unique, it’s essential to compare quotes from at least three different companies. This way, you can find the best coverage that suits your budget and needs.
| Factor | Impact on Rates |
| Age | Higher for younger drivers |
| Driving History | Clean records lead to lower rates |
| Location | Urban areas may have higher rates |
| Vehicle Type | Expensive cars cost more to insure |
| Credit Score | Better scores mean lower premiums |
Cheapest Car Insurance Companies in Colorado
One of the most important decisions you’ll make is choosing the right insurance company. Here are the cheapest car insurance providers in Colorado based on a 35-year-old driver with good credit and a clean driving record:
- Geico: $1,636 per year
- State Farm: $1,623 per year
- USAA: $1,640 per year
- Southern Farm Bureau: $1,673 per year
- Nationwide: $1,695 per year
Shopping around is key to securing the best rates for your needs.
| Company | Average Annual Cost |
| Geico | $1,636 |
| State Farm | $1,623 |
| USAA | $1,640 |
| Southern Farm Bureau | $1,673 |
| Nationwide | $1,695 |
Cheap Car Insurance Colorado – Best Rates for Different Age Groups
Top Five Cheapest Car Insurance for 20-Year-Old Drivers
Young drivers, especially those in their 20s, often face higher premiums due to inexperience. But finding affordable options is possible.
Here are the cheapest options for a 20-year-old driver in Colorado
- American National: $1,526 per year ($127 per month)
- Colorado Farm Bureau: $2,317 per year ($193 per month)
- American Family: $2,897 per year ($241 per month)
- State Farm: $2,958 per year ($246 per month)
- Auto Owners: $3,668 per year ($306 per month)
| Company | Annual Cost | Monthly Cost |
| American National | $1,526 | $127 |
| Colorado Farm Bureau | $2,317 | $193 |
| American Family | $2,897 | $241 |
| State Farm | $2,958 | $246 |
| Auto Owners | $3,668 | $306 |
Top Five Cheapest Car Insurance for 35-Year-Old Drivers
By the time you reach your mid-30s, your car insurance rates tend to stabilize. Here’s what 35-year-old drivers in Colorado typically pay:
- American National: $789 per year ($66 per month)
- State Farm: $1,345 per year ($112 per month)
- Colorado Farm Bureau: $1,472 per year ($123 per month)
- American Family: $1,881 per year ($150 per month)
- Auto Owners: $1,912 per year ($159 per month)
| Company | Annual Cost | Monthly Cost |
| American National | $789 | $66 |
| State Farm | $1,345 | $112 |
| Colorado Farm Bureau | $1,472 | $123 |
| American Family | $1,881 | $150 |
| Auto Owners | $1,912 | $159 |
Top Five Cheapest Car Insurance for 60-Year-Old Drivers
At 60, drivers often enjoy the lowest rates due to their experience. Here are the cheapest options:
- American National: $688 per year ($57 per month)
- State Farm: $1,245 per year ($100 per month)
- Colorado Farm Bureau: $1,486 per year ($124 per month)
- American Family: $1,609 per year ($134 per month)
- Auto Owners: $1,749 per year ($146 per month)
| Company | Annual Cost | Monthly Cost |
| American National | $688 | $57 |
| State Farm | $1,245 | $100 |
| Colorado Farm Bureau | $1,486 | $124 |
| American Family | $1,609 | $134 |
| Auto Owners | $1,749 | $146 |
Cheap Car Insurance Colorado – Tips to Save Money
- Shop Around: Get quotes from multiple companies.
- Bundle Policies: Combine home and auto insurance for discounts.
- Maintain a Clean Driving Record: Avoid accidents and tickets.
- Consider Higher Deductibles: A higher deductible can lower premiums.
- Tap Into Discounts: Look for good driver, student, or military discounts.
| Tip | Benefit |
| Shop Around | Find the best rates |
| Bundle Policies | Save money |
| Clean Driving Record | Lower premiums |
| Higher Deductibles | Reduced premiums |
| Discounts | Additional savings |
FAQs
What is the average cost of car insurance in Colorado?
Drivers in Colorado pay an average of $2,173 annually or $181 per month for full coverage. However, you can find cheaper options by shopping around.
How can I lower my car insurance rates?
You can lower your rates by maintaining a clean driving record, shopping around, bundling policies, and taking advantage of discounts.
Do young drivers always pay more for car insurance?
Yes, younger drivers generally pay higher premiums due to their inexperience and higher risk of accidents. Shopping around can help find the best rates.
Melanie Lopez is a passionate content specialist at American National Car Insurance, dedicated to simplifying car insurance for every American driver. With years of industry expertise, she crafts informative and engaging articles to help users make confident insurance decisions.