Colorado Car Insurance

Have you ever thought about the cost of auto insurance in Colorado? According to NerdWallet, the average car insurance cost can vary but ranges on average from $2,347 per year.¹ Several factors can influence car insurance rates, but the top three cost factors are typically:  

• Driving record: Your driving history plays a crucial role. Accidents, tickets, and other violations can result in higher premiums.
• Age and gender: Younger, inexperienced drivers often face higher rates. Gender can also be a factor, as some statistics suggest that young males may have higher accident rates.
• Coverage and deductibles: The type and amount of coverage you choose and your deductible (the amount you pay before insurance kicks in) can significantly impact your rates.

When it comes to car insurance in Colorado, it's more important you get the coverage you need—and that satisfies state laws—than focus on the cost.

But cost is an important factor, so start by considering your financial situation. Determine what your budget allows, and as you compare car insurance policies, pay attention to each policy’s coverage limits and deductibles.

After that, you should talk to an insurance agent. Our reps ask pertinent questions to uncover the types of car insurance coverage you need. You'll understand what you're getting because they'll walk through real-life scenarios. You'll be valued and they'll advocate for what’s best for you; they don’t just sell you a package. 

Yes, every driver in Colorado must have insurance before driving.  The state requires minimum levels of bodily injury liability and property damage liability coverage.

• Bodily injury liability: Pays for injuries to others in an accident caused by you.
• Property damage liability: Helps pay for damage to property of others in an accident caused by you.
• Underinsured motorist coverage*: Covers physical and property damages resulting from an accident with another driver who has some auto insurance, but not enough to cover costs of the accident.
• Uninsured motorist coverage*: Covers physical and property damages resulting from an accident with another driver who has no auto insurance.

*Colorado insurers are legally required to offer underinsured and uninsured motorist coverage, but drivers are allowed to reject both.