Minimum coverage in Colorado costs $518 per year, while full coverage costs $2,016 per year. If you want to find the cheapest car insurance in Colorado, get quotes from Geico, USAA, State Farm, Auto-Owners, and Farmers.
According to preliminary data from the Colorado Department of Transportation, there were 567 fatal car accidents in 2020, resulting in 615 deaths. Car insurance in Colorado is more than just a legal requirement: it is an important part of your overall financial plan that can protect you from the consequences of an accident. Finding low-cost car insurance is critical for many drivers.
Colorado's cheapest car insurance in 2021
In Colorado, there are numerous companies with average rates that are lower than the state average.
If you are looking for the cheapest car insurance in Colorado, you should start by getting quotes from the following companies:
Geico
The company's extensive list of discounts complements Geico's low average rates. You could save money by being a good student, a member of the military, a federal employee, or a good driver. However, Geico's policies do not allow for much customization and come with only a few optional coverages. Geico, on the other hand, could be a good fit if you prefer to manage your insurance online.The company came in first place in the service category.
USAA
If you are a current member of the military, a veteran, or a member of your immediate family, USAA's military-focused policies may be a good fit for you. In the 2021 U.S. Auto Insurance Study for the Southwest region, which includes Colorado, the company received the most points.
Customers are generally pleased with USAA's service, according to this data. The company offers a number of discounts that could help you save money on your coverage, such as discounts for parking your vehicle on a military base and storing your vehicle while you are deployed.
State Farm
State Farm sells its coverage through a nationwide network of agents, making it an appealing option for those who prefer to do business with local professionals. The company has a long history and has grown to become the largest insurer of private passenger vehicles in the United States.If you have a teen driver, State Farm's Steer Clear programme, in conjunction with its good student discount, may help you save money on your premium.
Auto-Owners
Auto-Owners may be a good choice if you want a company with low average rates and a variety of customization options. Minimum and full coverage with Auto-Owners are, on average, less expensive than Colorado's average premium.
Consider adding new car replacement, diminished value coverage, loan or lease gap coverage, or rental car coverage to your policy to personalise it. Auto-Owners also provides a variety of discounts that may help you save even more money.
Farmers
Farmers received a lower-than-average complaint index score for its auto insurance product from the National Association of Insurance Commissioners (NAIC). A score of 1.00 represents an average number of complaints; Farmers received a score of 0.79 for its auto insurance, indicating that the NAIC received fewer complaints from consumers than the national average.
Farmers also provides a comprehensive list of optional coverages to assist you in tailoring a policy to your specific needs.
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