Car insurance costs in Colorado depend on various factors, including your age, driving history and coverage levels. Drivers can try limiting coverage to state minimum requirements or shopping around for quotes from multiple insurers – though many will still end up paying more than the national average for auto coverage. Insurify offers data from over 40 million real-time car insurance rates so drivers can gain insight into which variables impact premiums most significantly and find strategies for saving on auto coverage.
Colorado state minimum car insurance requirements include $25,000 of bodily injury coverage per person and $15,000 for property damage liability coverage, which covers medical bills, repair expenses, and replacement services incurred due to an accident caused by your vehicle. Adding comprehensive and collision coverage may raise your rates but will provide extra protection in an accident situation; using our car insurance calculator you can determine exactly how much extra will be due as an extra payment for these extra coverages.
Your driving history has a significant effect on your car insurance premium. A DUI conviction or speeding ticket could increase it significantly; however, there may still be ways you can lower it by decreasing coverage or raising liability limits with higher deductible payments.
Insurers also take gender and age into consideration when calculating risk levels and setting premiums, with male drivers typically paying more for car insurance than female drivers; younger drivers usually incur the highest rates due to inexperience. Furthermore, credit scores have an impact on premium rates as insurers may take late or missed payments into consideration when setting rates.
Make and model of your vehicle are also key factors in determining how much car insurance costs in Colorado, since insurers will base your rate on factors like crash ratings, repair costs and likelihood of theft for each type of car. An SUV typically has higher premiums due to their larger size and weight – both factors that increase accident risks.
Finally, your location can influence your premium. Accident frequencies, repair costs and theft or vandalism rates all vary by city; thus, premiums could vary accordingly. Our car insurance calculator can help you estimate just how much living in each particular city will add to overall car insurance costs.
Comparing rates among the leading car insurers in Colorado will allow you to identify which provider provides the most affordable coverage. The tables below contain average monthly and annual premium rates from each of Colorado’s five leading auto insurers as well as their minimum and maximum coverage levels.