The Cheapest Colorado Car Insurance Companies (2024)

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Colorado is a beautiful state with diverse landscapes, rich culture, and abundant outdoor activities. However, Colorado is also a state with high car insurance rates, due to factors such as weather, traffic, crime, and regulations. According to Compare.com, the average cost of car insurance in Colorado is $864 per year for full coverage and $438 per year for minimum coverage. However, the actual cost of car insurance in Colorado may vary depending on several factors, such as your age, gender, location, driving record, credit score, vehicle, and coverage options. Therefore, if you are looking for the cheapest car insurance in Colorado, you need to compare quotes from different companies and find the best deal for your needs and budget.

In this article, we will provide you with a list of the cheapest car insurance companies in Colorado, based on various sources, such as Compare.com, U.S. News, and CarInsurance.com. We will also provide you with some tips and resources on how to get the cheapest car insurance rates in Colorado.

The Cheapest Car Insurance Companies in Colorado

According to our rate analysis, the cheapest car insurance companies in Colorado are:

Geico

Geico is the cheapest car insurance company in Colorado, with an average annual rate of $1,109 for full coverage and $439 for minimum coverage, according to Compare.com. Geico is also the cheapest car insurance company in Colorado for state-minimum coverage, full coverage, good drivers, and drivers with a speeding ticket, according to U.S. News. Geico offers a variety of discounts, such as for good driving, good student, multiple vehicles, multiple policies, and anti-theft device.

State Farm

State Farm is the second-cheapest car insurance company in Colorado, with an average annual rate of $1,491 for full coverage and $528 for minimum coverage, according to Compare.com. State Farm is also the cheapest car insurance company in Colorado for drivers with a DUI, according to U.S. News. State Farm offers a variety of discounts, such as for good driving, good student, multiple vehicles, multiple policies, and defensive driving.

USAA

USAA is the third-cheapest car insurance company in Colorado, with an average annual rate of $1,520 for full coverage and $527 for minimum coverage, according to Compare.com. USAA is also the cheapest car insurance company in Colorado for military families, according to CarInsurance.com. USAA offers a variety of discounts, such as for military, federal employee, good driver, good student, multiple vehicles, multiple policies, and anti-theft device. However, USAA is only available to members of the military, veterans, and their families.

Colorado Farm Bureau Mutual

Colorado Farm Bureau Mutual is the fourth-cheapest car insurance company in Colorado, with an average annual rate of $1,531 for full coverage and $528 for minimum coverage, according to Compare.com. Colorado Farm Bureau Mutual is a local company that offers personalized service and competitive rates to its customers. Colorado Farm Bureau Mutual offers a variety of discounts, such as for good driving, good student, multiple vehicles, multiple policies, and anti-theft device.

Travelers insurance company

Travelers is the fifth-cheapest car insurance company in Colorado, with an average annual rate of $1,940 for full coverage and $528 for minimum coverage, according to Compare.com. Travelers is a national company that offers a wide range of coverage options and benefits to its customers. Travelers offers a variety of discounts, such as for continuous insurance, online quote, paperless, pay in full, automatic payment, and Snapshot.

These are the cheapest car insurance companies in Colorado, based on the average annual rates for full coverage and minimum coverage. However, these rates may not reflect your actual insurance costs, as they may vary depending on your personal and vehicle information, your coverage options, and your location. Therefore, you need to compare quotes from different companies to find the cheapest car insurance for your specific situation.

How to Get the Cheapest Car Insurance Rates in Colorado

There are several ways to get the cheapest car insurance rates in Colorado, such as:

1. Compare quotes from multiple companies: One of the best ways to find the cheapest car insurance in Colorado is to compare quotes from different companies, as they may offer different rates, discounts, or services for the same coverage. You can use online tools, such as Compare.com, U.S. News, or CarInsurance.com, to compare rates from multiple providers in your area. You can also contact local agents or brokers, who can offer you customized advice and access to exclusive deals. To get a car insurance quote, you will need to provide some basic information, such as your name, address, date of birth, driver’s license number, vehicle make, model, year, and VIN, current insurance provider and policy number, desired coverages, limits, and deductibles, and driving record, including any accidents, violations, or claims in the past few years.

2. Choose the right coverage and deductible: Another way to find the cheapest car insurance in Colorado is to choose the right coverage and deductible for your needs and budget. Coverage is the amount of protection that the insurance company provides you in case of an accident, and deductible is the amount of money that you have to pay out of pocket before the insurance company pays the rest of the claim. The more coverage and the lower deductible you have, the more expensive your car insurance will be, and vice versa. Therefore, you need to balance the cost and the benefit of your coverage and deductible, and avoid paying for unnecessary or excessive coverage, or choosing a deductible that is too high or too low for your financial situation.

By using these methods, you can find the cheapest car insurance rates in Colorado, and save money on your car insurance premium.

Conclusion

Car insurance is a necessary and important expense for drivers in Colorado, but it does not have to be a costly one. By finding the cheapest car insurance companies in Colorado, and by getting the cheapest car insurance rates in Colorado, you can enjoy the peace of mind and the protection that car insurance provides, without breaking the bank.


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