Is car insurance more expensive in Denver?

Drivers who live in Denver pay almost exactly the same amount for car insurance as the average driver in Colorado, and their rate is quite close to the national average as well. The car insurance rate in the city is an average of $1,447, which is just $3 cheaper than the statewide average of $1,450.

Are car insurance rates high in Colorado?

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 car insurance cost 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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Why is insurance more expensive 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 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 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.

How much is full coverage car insurance in Colorado?

Colorado drivers have a variety of options when it comes to car insurance. However, average car insurance rates tend to be expensive in The Centennial State. The average premium costs $2,016 per year for full coverage and $518 per year for minimum coverage in Colorado.

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 does car insurance cost per month in Colorado?

The average car insurance cost in Colorado is $162 per month or $1,948 a year for a full coverage policy. Geico & State Farm have the cheapest auto insurance in Colorado for state minimum policy.

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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

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

Whats the average cost of living in Colorado?

Bottom line: The average cost of living in Colorado in 2021 is $5,598.53 and this number continues to climb every day.

Are new cars more expensive to insure?

While the list price of a new vehicle is usually more expensive than that of a used car, that isn’t always the case for insurance. State-of-the-art safety features, more easily replaceable parts, and other factors often contribute to the low cost-to-insure of some new cars.

How much should full coverage auto insurance cost?

Average Car Insurance Cost by State

State Annual Cost for Minimum Coverage Annual Cost for Full Coverage
Alaska $543 $1,573
Arizona $661 $1,787
Arkansas $631 $2,082
California $844 $2,518

Why are insurances so expensive?

California residents pay about $1,429 per year for car insurance on average, making it one of the most expensive states for car insurance. The state’s natural disasters, theft/vandalism rates and dense population contribute to these higher insurance costs.