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Colorado Auto Insurance Requirements

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We compared auto insurance quotes in the state of Colorado to identify the cheapest insurers and rates in each city. Across the 70+ cities in our analysis, the average cost to insure a car with basic liability protection was $1,359 a year - about $113 a month. While rates can vary based on where a driver lives, the biggest impact on costs is variability in companies’ quotes. The highest quote in one city, for example, was $1,758 or 29% higher than the cheapest car insurance company’s quote. This illustrates why consumers should always get quotes from at least three companies so they can compare. Read more about this below, or type your zip code above now to see a list of cheap companies near you.

Colorado Auto Insurance Requirements

Colorado requires that all drivers maintain a minimum level of auto insurance coverage. Car insurance policies must include both bodily injury liability and property damage liability coverage. Below we've included the minimum limits for liability insurance in Colorado.
Type of Insurance
Colorado Required Minimum
Bodily Injury Liability$25,000 per person and $50,000 per accident
Property Damage Liability$15,000 per accident
In addition to the required coverages, Colorado residents also have the option to purchase auto insurance policies with additional coverages. Typical offerings include uninsured / underinsured motorist coverage, medical payments coverage as well as comprehensive and collision insurance.

Cheap Car Insurance in Colorado

The five companies with the cheapest car insurance rates in Colorado were: Grange, State Farm, American Family, Auto Owners and The Hartford. Together, the five cheapest companies in Colorado charged an average rate of $1,006 each year to insure a vehicle. Compared to the overall state average, these companies were 26% lower, on average.
This list is based on the companies’ average annual premiums for a sample 30 year old male motorist across 69 cities in Colorado. Just bear in mind that your actual quotes will be different depending on your characteristics and driving history. For more specific results, submit your zip code for a list of companies to begin comparing local cheap car insurance quotes.
CompanyYearly Rate
Grange Insurance Association$847
State Farm$967
American Family$1,025
Auto Owners$1,096
The Hartford$1,096
Allied$1,102
Progressive$1,160
Farmers$1,299
GEICO$1,497
Allstate$1,501
MetLife$1,596
Encompass$1,773
Colorado Farm Bureau$1,899
Unitrin$2,172

Cheapest Car Insurance in Colorado: by City

We’ll also take a look at how the cheapest rates and companies can vary across by city in Colorado. Often, where a driver lives and garages their vehicle heavily influences the insurance rates they see, and which companies have the best rates in that area.
This table below lists the three companies with the cheapest rates in 69 cities in Colorado, in alphabetical order. Yearly premiums are based on a single 30-year old male driver, so your actual quotes will be different and tailored to your insurance needs and circumstances. Next, we’ll provide more detail for a selection of cities in the Centennial State.

Denver, CO

Denver is the most expensive city for car insurance on our list with an average cost 29% higher than the state average. Auto insurance for Denver drivers can cost $1,758 a year. Nicknamed the Mile High City, Denver is situated at the foothills of the Rocky Mountains some 5,300 feet above sea level. It is home to more than 600,000 residents, the Denver Broncos, the Colorado Rockies, the Colorado Avalanche, and the Denver Nuggets.
Even though auto insurance is the most expensive in Denver, there is always room to save. For cheap auto insurance rates in Denver, we suggest starting with quotes from Grange, State Farm, and Auto Owners. The three insurers above had the best car insurance quotes, on average, of $1,152 per year for basic coverage of bodily liability and property damage. That’s a 34% decrease compared to the citywide mean. The next best provider with the lowest rates in Denver is American Family and Allied.

Colorado Springs, CO

The Centennial State’s second largest city, Colorado Springs is home to 426,000 residents and the United States Air Force Academy. There is a plethora of natural beauty for residents and visitors alike to enjoy. The city is situated at the base of Pike’s Peak, one of Colorado’s vaunted 14ers that inspired the national song “America, the Beautiful”. The local companies with the cheapest car insurance quotes in Colorado Springs are American Family, Auto Owners and Grange. On average, the five cheapest companies charged about $1,010 a year to insure a vehicle in the city. Compared to $1,379 (the average annual cost of car insurance in Colorado Springs), getting a quote from one of these providers could save the city’s drivers 27%.

Aurora, CO

Aurora is the fourth most expensive city for auto insurance in Colorado. Drivers in Aurora can pay $1,574 a year to insure their vehicles – about 16% costlier than the state average. With a population of 325,000, Aurora is the third most populous city in the Centennial State. The Buckley Air Force Base, which is Aurora’s largest employer, is located in Aurora.
Despite the city’s status as the second most expensive in the state, there is opportunity for consumers to lower their car insurance costs through comparing quotes. For civilians, Grange, Auto Owners and State Farm are three of the cheapest insurers in Aurora. These three providers had an average rate of $1,012 per year for basic liability and property damage coverage – which is $562 or 36% lower than what the typical Aurora insurer charges. American Family and the Hartford complete the top five providers with the best rates in Aurora for the average local driver.

Fort Collins, CO


Fort Collins has the second cheapest car insurance rates for our driver. It’s a university town – home to Colorado State University, to be specific – with a population of 144,000 located near the Rocky Mountains. Auto insurance here costs $1,178, which is 13% lower than the state average. For low-cost auto insurance near you in Fort Collins, we suggest obtaining quotes from Grange, Auto Owners and State Farm. Among these three companies, the average annual quote for the typical driver was $840, which would have saved him or her 29% compared to the city average. the city.

Pueblo, CO

Pueblo, the seventh largest city in Colorado with 107,000 residents, is our third most expensive city for auto insurance. The annual cost of auto insurance for the city’s drivers is $1,558, which is 15% costlier than the state average. Pueblo is nicknamed the “City of Heroes” for producing a number of Medal of Honor recipients. How can motorists save on insurance costs in Pueblo? We suggest obtaining and comparing quotes from Grange, American Family and Auto Owners. The three general providers had the lowest auto insurance rates in Pueblo by about 32% when compared to the citywide average ($1,056 versus $1,558). For two additional suggestions, Allied and State Farm round out the most affordable companies in Pueblo.

Arvada, CO

The traffic signal installed at the corner of Olde Wadsworth Boulevard and Grandview Avenue in Arvada was the first of its kind in Jefferson County. It is also said that former resident T. H. Krause invented the turn signal that governs rules of the roads today. When it comes to auto insurance, Arvada drivers can see costs of $1,365 a year.

Drivers in Arvada looking to save on car insurance costs should obtain and compare quotes from Grange, Auto Owners and State Farm at a minimum. At $932 per year, these three companies had some of the lowest rates for insured vehicles in Arvada. This figure represents a 32% decrease against what the typical insurance provider in the city charges.

Westminster, CO

Centrally located between Denver and Boulder, Westminster is a growing suburb community. It has been recognized by Money magazine as a “Best Place to Live”, and with sweeping views of the Rocky Mountains and access to a plethora of recreational activities – it’s easy to see how it garnered that distinction. At $1,382 per year, the local cost of automobile insurance is just $23 more than the state average. We found the best rates for auto insurance in Westminster at Grange, State Farm and Auto Owners – quotes among the three clustered around the $948 level. With these cheap rates, drivers could reduce their costs by 31% versus the average insurance company underwriting in Westminster.
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