Advertiser Disclosure
Are yous searching for the best automobile insurance inwards Colorado? We empathise that it tin experience overwhelming, then we are here to aid.
A bully insurance fellowship should offer value and handgrip claims chop-chop – then y’all can spend your time enjoying life inward Colorado. To get the best automobile insurance rates in Colorado, kickoff past getting matched to the best value providers. Simply go in your zero code into the form below to go started.
In this article:
Cheapest Car Insurance In Colorado
According to our rate estimates for total coverage insurance, USAA is the cheapest provider in Colorado. A 35-twelvemonth-erstwhile driver alongside a practiced driving history may pay most $ane,070 annually amongst the company. Geico, Nationwide, and Progressive are too cheap options for the state.
Car Insurance Provider Average Annual Cost Estimate USAA $1,070 Geico $i,198 Nationwide $i,324 Progressive $1,426 Travelers $ane,504 Auto-Owners $ane,806 American Family Insurance $ii,034 What Is The Average Cost Of Car Insurance In Colorado?
According to the National Association of Insurance Commissioners (NAIC), Colorado auto insurance rates inwards 2018 averaged $ane,133 per yr. That was a bit higher than the national average of $1,057, which placed Colorado inward the 15th place out of all of the U.due south. states for machine insurance.
Here’second a breakdown of the coverage costs for machine insurance inward Colorado that year:
Type of Coverage Average Annual Expenditure in 2017 Liability coverage $687 Collision coverage $331 Comprehensive coverage $272 Total cost $i,133 *Most drivers comport liability coverage only non necessarily other types of automobile insurance. Total average annual expenditure measures what Colorado drivers really spent on automobile insurance inward 2018.
Annual Colorado Car Insurance Estimates By Age
Younger drivers are more probable to get into an accident, then they pay more for insurance. In Colorado, a 24-year-onetime may pay 30 per centum more than a 35-twelvemonth-one-time, according to our charge per unit estimates.
Age Colorado Annual Car Insurance 24 $2, $ane,688 Annual Colorado Car Insurance Estimates By Gender
In Colorado, men pay $23 more than per twelvemonth for full coverage car insurance than women on average.
Gender Colorado Annual Car Insurance Female $1,676 Male $one,699 Annual Colorado Car Insurance Estimates For Drivers With Bad Credit
Colorado allows machine insurance companies to role credit reports to prepare rates. A driver amongst fair credit may pay xx percentage more than, while a driver with pitiable credit may pay 70 pct more for auto insurance.
Credit Rating Colorado Annual Car Insurance Good $ane,688 Fair $ii,016 Poor $2,862 Annual Colorado Car Insurance Estimates For Bad Drivers
According to our rate estimates, a speeding ticket can enhance your rates past 21 percentage, piece existence at error in an accident can raise them past 48 percent.
Driving Record Colorado Annual Car Insurance Clean $one,688 Speeding Ticket $2,045 At-Fault Accident $two,500 DUI $ii,591 v Best Car Insurance Companies In Colorado
You take options for automobile insurance inward Colorado. In fact, you may experience similar you take likewise many options. To assistance save you fourth dimension and effort, we have constitute the height 5 choices for automobile insurance providers in Colorado. All of them performed good inward our research of the best car insurance companies, where we ranked providers on the following:
* Financial forcefulness
* Availability
* Customer service
* Cost
* Coverage
* Technology
Overall, nosotros intend Geico is the best option for Colorado auto insurance because of its reputation for quick claims in addition to low average price.
*Not all providers were included inward our charge per unit estimates inwards each state.
#1 Geico: Best For Cheap Car Insurance In Colorado
If you lot’re looking for proficient motorcar insurance rates inward Colorado, Geico is a nifty place to kickoff. The companionship tends to live an affordable selection for many Coloradans, including drivers who have had tickets inward the by.
The companionship wrote over $33 billion inwards premiums inward 2020, according to the NAIC. It has an A++ financial forcefulness rating from AM Best, too it has an A+ rating from the Better Business Bureau (BBB).
In addition to touchstone coverages, which nosotros volition discuss below, Geico offers an extra choice called mechanical breakdown insurance that is like to an extended warranty. It applies to novel or well-nigh-new cars too covers repairs for mechanical items, minus exclusions.
One downside is that the procedure of getting a quote in addition to buying Colorado machine insurance from Geico doesn’t stand out from the crowd. It performed below the manufacture average on the J.D. Power 2021 U.due south. Insurance Shopping Study℠.
Pros Cons A+ rating from the BBB together with A++ fiscal force rating from AM Best Average quotes feel Many choices for coverage Usage-based app not available inward all states High level of customer satisfaction Available inwards l states To acquire more nigh the auto insurance provider, cheque out our Geico auto insurance review.
#2 State Farm: Runner-Up For Colorado Car Insurance
It’second ever a proficient idea to look at more than than i companionship when shopping for motorcar insurance inwards Colorado. After Geico, State Farm machine insurance is a corking selection. State Farm is the largest auto insurance provider in the U.due south. and the largest insurer in Colorado, according to the NAIC.
The fellowship keeps customers’ budgets inwards listen – it cut rates by four.seven percent in March 2018 as well as 3.seven per centum in March 2019. In a land where rates have been on the ascent, that tin can assist many people salvage on their insurance.
State Farm performed higher up average on the J.D. Power 2020 U.southward. Claims Satisfaction Study℠, together with the society has an A+ rating from the BBB. State Farm’second mobile app has a 4.seven-star rating on Google Play too four.8 on the App Store. Its other apps – Drive Safe & Save in addition to Steer Clear, both of which furnish discounts – likewise accept like ratings from thousands of State Farm client reviews.
In improver to a range of standard coverage options, State Farm tin supply coverage for travel expenses related to accidents, rideshare drivers, as well as roadside aid. Depending on your state of affairs, you lot could discover a not bad rate on Colorado automobile insurance through State Farm.
Pros Cons Largest machine insurer inwards the country Reported errors alongside autopay Extensive pick of discounts for teens and students Not taking novel customers inward Massachusetts or Rhode Island Positive client reviews together with slowly quote procedure Higher rates than close to competitors Available inward 48 states Superior financial strength rating in addition to A+ rating from the BBB To larn more than almost the car insurance provider, bank check out our State Farm automobile insurance review.
#iii Progressive: Best For High-Risk Drivers
Progressive offers approximately of the best auto insurance for Colorado drivers who accept a spotted driving history including DUIs or other reckless driving behavior. Progressive offers manufacture-exclusive tools together with discounts that tin assist drivers relieve money on motorcar insurance inward Colorado.
Along with measure types of car insurance, y’all can get the following coverages:
* Roadside assist:Includes lockout services, fuel delivery, apartment-tire changes, together with towing
* Loan/lease payoff:Covers the departure between your totaled car’second market value too the sum you take left on your loan
* Rental car reimbursement: Covers up to $fifty per solar day for rental machine reimbursement if your auto is in the shop overnight for a covered repair
* Custom parts and equipment coverage:Covers the cost of replacing aftermarket accessories afterward sustaining impairment inward a covered incident
* Rideshare coverage:Covers Uber together with Lyft drivers
Progressive as well offers impressive discounts that give the fellowship a leg-upward on competitors, such equally the Name Your Price®tool and the Snapshot®plan that aid customers relieve coin:
* Name Your Price:When you’re getting a Progressive quote online, go in the total you lot want to pay in addition to go matched amongst Progressive car insurance plans that check your budget.
* Snapshot:Once yous’re a client, you lot tin download this app on your call up to monitor safe driving habits that could qualify yous for discounts.
Pros Cons Easy quotes procedure Average claims procedure Superior financial force rating and A rating from the BBB Mixed client service reviews Great option for high-chance drivers Higher rates than approximately competitors Several money-saving features Progressive too has discounts for skilful students, armed forces personnel, as well as safety drivers. To larn more than almost this motorcar insurance provider, read ourProgressive auto insurance review.
#4 Allstate: Best Local Service
Allstate provides not bad local agents for machine insurance in Colorado. The provider has been in business concern since 1931, in addition to it has earned an impressive manufacture standing amongst an A+ rating from the BBB in addition to a fiscal force rating of an A+ from AM Best.
Some standout coverage options from Allstate include:
* Personal umbrella insurance:Covers the cost of repairs afterwards at-fault claims that top your policy’s liability limits
* Rideshare insurance: Best for drivers who desire coverage piece driving for a rideshare service like Uber or Lyft
* Mexico go insurance: Covers you patch driving in United Mexican States
* Drivewise®:A exercise-based condom driving app that grants y’all upwardly to xv percentage off for practicing practiced driving habits
Pros Cons Works through a network of local agents inwards all 50 states
Expensive
Superior fiscal forcefulness rating and an A+ rating from the BBB
Mixed client service reviews
Mileage-based discount plan available
If Allstate motorcar insurance interests yous, read more than nearly coverage inwards ourAllstate automobile insurance review.
#v Esurance: Best High-Tech Car Insurance In Colorado
Esurance is owned by Allstate but has completely separate machine insurance coverage too discounts. The insurer has an impressive reputation with an A- rating from the BBB and an A+ from AM Best for financial force.
Esurance as well offers discounts that could aid Colorado drivers salve money on auto insurance, including:
* Fast 5 discount:Save 5 per centum on your beginning term of coverage for starting an online quote inwards the car insurance buying procedure.
* DriveSense:Esurance’sec app qualifies customers for rubber driving discounts.
* Fuelcaster: Get aid finding cheap gas inward your location.
* Coverage counselor:Complete a brusque survey to make up one’s mind which Esurance machine insurance plans would best check your needs before y’all become a quote.
* Esurance mobile app:File claims, contend the vehicles on your policy, opinion your insurance menu, as well as more with the app.
* east-Star:due east-star facilities mark i,400 repair shops inside the Esurance meshing. If yous pick out 1 of these for repairs, repairs are guaranteed for the fourth dimension y’all own the motorcar.
Pros Cons Superior fiscal strength rating from AM Best
High rates
Multiple apps too online tools to access your business relationship
Customers cannot come across amongst agents in-soul
Mixed client service reviews
To observe out more than near this provider’sec coverage, read our completeEsurance auto insurance review.
If you lot are make to compare multiple automobile insurance quotes to observe the best Colorado auto insurance for yous, go in your zilch code inwards the tool below.
What Is The Minimum Required Colorado Car Insurance?
Every state has financial responsibleness laws that dictate what type of insurance is mandatory. Most states exclusively call for liability insurance – this type covers bodily injury and holding damage for other people inwards accidents that y’all effort.
In the instance of Colorado, you are required to conduct this minimum insurance coverage:
* $25,000 bodily injury liability per somebody
* $50,000 bodily injury liability per accident
* $15,000 property impairment liability per accident
You’ll run into these limits written equally 25/50/xv when shopping for car insurance inwards Colorado. Since these are liability coverage, they utilise to other people in accidents yous campaign. It power sound like $25,000 is a proficient sum of bodily insurance coverage, only it tin can really disappear pretty rapidly. Bodily injury coverage pays for another political party’second medical bills, lost wages, hurting in addition to suffering, in addition to funeral costs. It tin can too pay for legal fees if person sues yous because of an accident.
According to the Insurance Information Institute, the average bodily insurance claim in 2018 was $xv,785. Some states solely necessitate $15,000 inwards coverage, but the Colorado motorcar insurance minimum gives you lot a scrap more room. However, that’second merely the average. If y’all come about to crusade a more than serious accident, yous might have to pay good beyond that amount. Unfortunately, your insurance companionship won’t embrace whatsoever more than your policy limits permit, in addition to you’ll take to pay for the excess liability.
MedPay: Colorado Car Insurance State Suggestion
Even if you lot choose the minimum requirements for coverage when shopping for motorcar insurance inward Colorado, y’all’ll notice that medical payments coverage (MedPay) is included automatically. MedPay covers your own medical costs no matter who caused the accident. Colorado car insurance regulations involve carriers to offering $v,000 in MedPay when you lot asking a quote. If you lot want to become without MedPay coverage, y’all accept to turn down it inward writing.
Why Does Colorado Suggest This Coverage?
Well, it all started alongside Colorado Senate Bill which was passed in 2008. At that fourth dimension, the legislature saw a job amongst the Colorado auto insurance arrangement. Trauma health providers treated automobile crash victims correct away just then had to expect many months to receive compensation. Compensation would be paid out when the claim was settled, simply it could accept months or fifty-fifty years for that to pass off.
How Does MedPay Work?
Because of the 2008 nib, virtually Coloradans take at least $five,000 in MedPay. The policy alone adds a few dollars to a monthly payment, simply it has helped the trauma care organization immensely. It tin can also be a lifeline for people who don’t have wellness insurance since they can go handling correct away.
Another overnice thing virtually MedPay is that it doesn’t comport a deductible. People who accept wellness insurance tin even purpose MedPay to pay their wellness insurance deductible to avoid out-of-pocket costs afterward an accident. MedPay in Colorado besides applies to anyone who is inwards your car at the time of the accident, whether they have a policy with MedPay or not.
Finally, health insurance companies have a right to reimbursement when y’all settle a bodily injury claim. For case, permit’s say you were the victim in an accident and needed $10,000 inwards medical aid. You filed a claim amongst the other driver’s insurance society and had to look 2 years for settlement, merely your own wellness insurance fellowship paid for your aid inward the brusk term. After your claim was settled, your wellness insurance fellowship and then required you to pay dorsum the $10,000 y’all received for handling.
However, wellness insurance companies tin can’t asking reimbursement from MedPay claims. So, inwards the scenario to a higher place, allow’s order you use $five,000 from MedPay in addition to $v,000 from your wellness insurer. In that case, yous would still go a $ten,000 small town, just y’all would exclusively take to pay dorsum $5,000 to your health insurance society.
Other Colorado Car Insurance Coverages
Below are a few more mutual types of motorcar insurancein Colorado. These options are beyond the land minimum coverage requirements, just it tin can live a adept idea to have them.
* Collision: This pays for repairs to your machine from harm caused by an accident. It can utilise regardless of who is at fault. If you lot were not at error inward an accident, your Colorado automobile insurance company will seek reimbursement from the at-error political party.
* Comprehensive auto insurance: This coverage pays for repairs non related to an accident. It covers fire harm, flood, vandalism, as well as hail, for case. Comprehensive coverage as well carries a deductible. The term “total coverage” unremarkably way the combination of liability, collision, and comprehensive coverage.
* Underinsured motorist/uninsured motorist (UIM/UM): This coverage protects y’all from accidents caused by person without enough insurance or none at all. While UM/UIM technically comes inwards bodily injury in addition to belongings impairment varieties, y’all tin solely go bodily injury UM/UIM under machine insurance inward Colorado. That’second because your belongings damage liability as well covers UM/UIM claims inward Colorado.
* Personal injury protection (PIP): This option covers medical bills no thing who is at error. However, it can likewise cover lost reward, decease benefits, and childcare costs afterwards an accident, which MedPay doesn’t embrace. PIP normally has a deductible, as well. PIP isn’t as common inwards Colorado today every bit it was earlier 2003 – that’sec when Colorado switched from a no-mistake organisation to a error-based organization.
Some Colorado motorcar insurance companies may offer extra options similar:
* Gap coverage: If your machine is totaled, this option covers the divergence between your automobile’s current value as well as the amount y’all have left to pay on your loan.
* Roadside help plans: Many Colorado automobile insurance companies tin supply aid with towing, bound-starts, spare installation, and more.
* Accident forgiveness insurance: With this option, your average rates won’t go upward because of 1 accident. Depending on the company, y’all tin purchase this coverage or yous can receive it as a reward for multiple claim-gratis years.
* Rental reimbursement: This pays toward a rental auto spell your motor vehicle is inward the store later on a covered repair. Insurance companies in Colorado tin involve yous to have collision or comprehensive coverage to get this choice.
Final Thoughts On Car Insurance In Colorado
Ultimately, the level of coverage y’all choose comes downwards to what you lot are virtually comfortable with, too the provider you take should live the one that’second best for your individual needs. We recommend getting auto insurance quotes from several different companies when shopping for Colorado auto insurance.
Enter your cipher code inward the tool below to collect as well as compare motorcar insurance quotes from providers available inward your country:
Who has the cheapest automobile insurance in Colorado?
According to our rate estimates, USAA offers the cheapest machine insurance inward Colorado at $ane,070 per yr on average for full coverage. However, non everyone qualifies for USAA. Geico offers the next best charge per unit at $one,198 per twelvemonth.
What is the best machine insurance fellowship inwards Colorado?
After comparing many providers on toll, coverage, and customer service, nosotros chose Geico every bit the best motorcar insurance fellowship inwards Colorado. Geico offers rattling affordable rates plus a wide range of coverage options for drivers to choose from.
How much does automobile insurance price per calendar month inward Colorado?
Drivers inwards Colorado pay almost $94 per month for auto insurance on average according to the NAIC. However, that number can rising every bit high equally $240 or more if y’all accept bad credit or a bad driving tape.
Methodology
In an attempt to render accurate too unbiased data to consumers, our practiced review squad collects data from dozens of car insurance providers to formulate rankings of the best insurers. Companies have a grade inwards each of the following categories, as well every bit an overall weighted grade out of five.0 stars.
* Industry Standing: Insurers amongst potent financial ratings and client-beginning concern practices receive the highest scores inwards this category.
* Availability: We regard availability past land too as exclusions for specific groups of drivers.
* Coverage: This rating is based on types of insurance available, maximum coverage limits, in addition to add-on policies.
* Cost in addition to Discounts: Our inquiry squad reviews machine insurance rate estimates generated by Quadrant Information Services for a variety of drivers in every land. Companies with lower prices together with many machine insurance discount opportunities receive the best scores.
* Customer Service: We comb through customer reviews too consumer feedback studies from experts like J.D. Power.
* Technology: Auto insurers alongside mobile apps, advanced online services together with telematics are more than probable to encounter consumer needs.
More On Insurance:
Read our other insurance articles:
