How much does car insurance cost per month in Colorado?

The average cost of full coverage car insurance in Colorado is $1,950 per year, or about $162 per month, according to NerdWallet’s analysis. Minimum coverage in Colorado is $512 per year on average, but we found you can likely get a cheaper policy.

How much is car insurance a month in Colorado?

Car insurance in Colorado costs $60 monthly ($725 per year) for minimum coverage, on average, and around $175 per month ($2,101 annually) for a full-coverage policy.

Is auto insurance in Colorado expensive?

Auto insurance is slightly more expensive than average in Colorado. The typical car insurance rate in Colorado is $1,435 per year — more than the national average by 0.6%. Your car insurance premiums are impacted by factors aside from the state in which you live.

How Much Does full coverage insurance cost in Colorado?

Currently, car insurance rates in Colorado average $518 per year for minimum coverage and $2,016 per year for full coverage. This is slightly higher than the U.S. national average – $565 annually for minimum coverage and $1,674 annually for full.

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How much is car insurance a month Denver?

Average Denver Car Insurance Rates

Coverage Men Women
Collision $433 $461
Comprehensive $168 $173
Total Cost Per Year $1,263 $1,355
Price Per Month $105 $113

How much car insurance do I need in Colorado?

Minimum insurance requirements for Colorado

The minimum amount of Colorado auto insurance coverage is $25,000/$50,000/$15,000. In the event of a covered accident, your limits for bodily injury are $25,000 per person, with a total maximum of $50,000 per incident.

What is the cheapest car insurance in Denver?

Cheapest Car Insurance in Denver

  • USAA. $686.
  • GEICO. $872.
  • Travelers. $1,012.
  • Esurance. $1,138.
  • State Farm. $1,152.
  • Nationwide. $1,198.
  • Allstate. $1,207.
  • Farmers. $1,918.

How much is insurance on a 50K car?


Coverage Level Average Annual Premium
$50K/$100K/$50K Bodily Injury/Property Damage — $1,000 Comprehensive/Collision $1,443
$50K/$100K/$50K Bodily Injury/Property Damage — $500 Comprehensive/Collision $1,626
State Minimum — Liability Only $573

Why is car insurance high in Colorado?

Car insurance in Colorado is expensive because the state has several densely populated cities with more drivers and more accidents, which drives rates up. In Colorado, you can expect to pay approximately $1,696 per year for full coverage car insurance or $636 per year for minimum coverage.

What is the average cost of car insurance in Denver Colorado?

According to ValuePenguin, the average cost of car insurance in Denver, Colorado, is $1949 per year. This is in comparison to the state’s average of $1757 per year, and the national average, which is $1548 per year.

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How much is insurance for a new driver in Colorado?

The Cheapest Car Insurance in Colorado for 2022

Cheapest car insurance company overall in Colorado
American National $63/month
American National $16/month
Cheapest for young drivers
American National $119/month

How much is car insurance in Colorado for a 16 year old?

Average car insurance cost for a 16-year-old by state

State Average premium increase for insuring a 16-year-old male Average premium increase for insuring a 16-year-old female
Arizona $3,005 $2,417
Arkansas $3,038 $2,371
California** $3,777 $3,710
Colorado $3,298 $2,574

What car insurance do I need in Colorado?

Colorado Auto Insurance Minimum Requirements

  1. Bodily injury: $25,000 per person, $50,000 per accident.
  2. Property damage: $15,000 per accident.
  3. Uninsured motorist: $25,000 per person, $50,000 per accident*
  4. Medical payments: $5,000 per accident*

What is a comprehensive insurance?

Comprehensive coverage helps cover the cost of damages to your vehicle when you’re involved in an accident that’s not caused by a collision. Comprehensive coverage covers losses like theft, vandalism, hail, and hitting an animal. … Comprehensive coverage is an optional coverage you can carry to help protect your vehicle.

How much is rental insurance in Colorado?

In Colorado, the average cost of renters insurance is $128 per year, which is $31 less than the national average of $159. A renter in the state pays about $11 per month, or $3 less than the monthly U.S. average.