How Much Does Car Insurance Cost in Colorado

Whether you’re shopping for car insurance, or preparing to renew your policy in Colorado, it is essential to know the cost. The average cost of car insurance in Colorado for minimum coverage is $81 per month, which is $972 per year, and for full coverage, it is $241 per month or $2,892 per year.

Compared to the annual national average of $828 for minimum coverage and $2,100 for full coverage, Colorado is slightly more expensive for minimum coverage and significantly pricier for full coverage.

Typically, neither the state nor the national average rate reflects your actual car insurance rate in Colorado. It is determined based on several factors such as your location, age group, gender, coverage level, driving record, vehicle type, and more.

So, to help you get a better and more accurate estimate of car insurance rates in Colorado, this guide breaks down the average rates based on various key factors as follows.

Average Car Insurance Rates in Colorado by City

The average cost of car insurance rates can significantly vary by city, mainly based on the average number and frequency of insurance claims. Usually, larger and more densely populated cities have a higher insurance rate due to more car accidents, crime rates, complex roads, and traffic systems.

Plus, as Colorado is prone to natural disasters, cities that are at higher risk of natural disasters like Denver and Fort Collins are likely to have higher car insurance rates. The table below shows the average car insurance rates in Colorado featuring 10 major cities.

Source: Bankrate and TheZebra as of May 2025

If you’re looking for a reliable insurance agency in Colorado offering affordable car insurance coverage options, consider checking our tailored coverage that’s designed for the best financial protection for every budget. Here you will find the cheapest car insurance in Colorado with the best coverage plans.

Car Insurance Costs in Colorado by Age Group and Gender

Age group is another prime factor when it comes to determining auto insurance rates in Colorado. Typically, younger drivers are commonly more involved in car accidents leading to higher insurance claims between the ages of 16 and 20.

According to the Colorado Department of Transporation typically 15 to 20-year-olds were responsible for up to 60% of fatal crashes with the number of fatalities rising from 82 in the year 2018 to 119 as of October 2024. Based on official reports, teenagers were responsible for more than 8,000 crashes in 2024.

Generally, younger drivers are more prone to accidents due to inexperience, maturity, and impulsive driving. So, that’s why car insurance rates of young drivers, particularly between the ages of 16 and 19, are the highest, and it drastically declines for age groups beyond 20 and above.  

Here’s a breakdown of the cost of car insurance by age group in Colorado.  

Source: Bankrate as of May 2025

Research Note: The car insurance rates of 16-year-olds are based on the discounts applied on their parent’s policy, whereas rates for 18-year-olds and above are all individual policies without discounts.

Plus, male drivers are typically charged a higher rate as they’re more prone to car accidents compared to female drivers.

Insurance Premiums by Gender in Colorado

Although it is prohibited to determine insurance rates based on gender in Colorado, male drivers are still charged slightly more than female drivers. The main reason behind it is, that male drivers cover more mileage than female drivers on average, so that means they’re on the road more often.

Also, male drivers are more prone to getting into reckless activities like unnecessary speeding, road stunts, and street racing which leads to a higher number of accidents and more insurance claims. So, that’s why male drivers pay a slightly more expensive car insurance rate than female drivers.

According to The Zebra, here’s the average annual premium of car insurance for male and female drivers in Colorado.

• Male Drivers: $1,420.90
• Female Drivers: $1,447.58

Colorado Car Insurance Cost by Coverage Level

When it comes to determining the cost of car insurance, it mainly depends on the types of car insurance coverage and their limits. If you're on a tight budget, you have the option to stick with just the state-required minimum liability auto insurance.

However, in most cases, minimum liability coverage isn’t adequate. For optimal financial protection, you can purchase full car insurance coverage which is the combination of mandatory and essential optional coverages which includes liability auto insurance, collision insurance, comprehensive insurance, gap insurance and more.

So, depending on your preferred coverage, here's an estimated average cost of car insurance by coverage level in Colorado as follows.

• State Minimum Liability Only Car Insurance Coverage: $81 per month or $972 per year.
• Full Car Insurance Coverage: $241 per month or $2,892 per year  

Note: The rates can vary depending on the types of coverage you purchase and their exact limits. There are more than 10 types of optional coverage, so the more coverage you buy, the higher your rate is likely to be.

How Your Driving Record Affect Insurance Rates in Colorado?

Insurers analyze the driving records of policyholders to determine their insurance rates. If you have a clean driving record with no accidents or legal penalties, then you may be offered a lower rate with discounts and bundle offers.

However, if you have a poor driving record for traffic violation offenses such as excessive speeding, reckless driving, and drunk driving, your insurance rate can significantly increase from 24% to 65% or more.

Plus, if you have gotten into any car accident recently or in the past 3 years, it can also influence your car insurance rate to increase, especially if you have claimed your car insurance coverage.

The table below shows how each of these incidents can substantially increase your car insurance premiums in Colorado.

How Vehicle Type Influences Insurance Costs in Colorado?

Vehicle type is another key factor when it comes to evaluating your car insurance cost in Colorado. This is mainly because your insurer will have to cover your vehicle’s repair, and replacement costs up to your coverage limit when you claim your car insurance after an accident. So, your vehicle’s type has a direct impact on your car insurance premium.

Here are some estimates of the average car insurance cost based on vehicle type, make, and model for a 35-year-old driver with a clean record.

• Toyota Camry: $2,261
• Toyota Prius: $2,508
• Honda Accord: $2,489
• Honda Odyssey: $2,485
• Ford F-150: $2,676

Source: CarEdge as of May 2025

Does Vehicle Age Affect the Cost of Car Insurance in Colorado?

Yes, in fact, vehicle age is a significant factor when it comes to determining car insurance rates here in Colorado. Generally, newer cars are more expensive to repair and replace compared to older models, so that’s why insurance premiums are costlier for newer cars.

According to MoneyGeek, the average cost of full coverage car insurance can cost you $1,291 per year, whereas the premium for a 10-year-old car can be about $1,012 per year. This is an estimated average cost; the actual cost will typically depend on your vehicle, its current condition, and various other factors.

Car Insurance Costs by Credit Score in Colorado

Credit scores are used to determine whether someone pays their credit card bills or dues on time. A good credit score reflects that the dues have been paid timely, and a poor credit score means there have been delays in payment.

So, if you have an excellent credit score, you may get discounts and even reduced car insurance premiums, and with a good credit score, you can get a standard premium. However, if your credit score is average or poor, you will be charged a significantly higher amount.

Here’s the average estimate of car insurance costs by credit score in Colorado.

How Marital Status Affect Car Insurance in Colorado?

Married people are deemed more responsible as they have a trendline for safer driving practices compared to single drivers. So, that’s why married couples often get the advantage of lower car insurance premiums.

On average, a married person pays at least 6% less car insurance premiums compared to single drivers. Based on the average annual car insurance premium in Colorado, if the cost of full coverage car insurance is $2,892 per year for a single driver, then a married person will have to pay around $2,718 per year. Plus, if you’re married, you can also get discounts, bundle offers, and other car insurance plans that are designed for couples.

Learn More: How Does Marital Status Affect Car Insurance Costs?

Estimating Your Car Insurance in Colorado

If you’re looking for an estimate of the average car insurance costs in Colorado, you can use various online tools. Here are some of the best online car insurance calculators to get an average estimate with just a few basic details.

• MoneyGeek Car Insurance Calculator
• NerdWallet Car Insurance Calculator
• MarketWatch Car Insurance Calculator
• Bankrate Car Insurance Calculator
• CarEdge Car Insurance Calculator
• ValuePenguin Car Insurance Calculator  

Tips to Save on Your Colorado Car Insurance

The car insurance rate in Colorado is significantly higher than the national average. On average, minimum coverage costs about 17% more, while full coverage is roughly 38% more expensive.

But as car insurance is universally charged based on your individual profile, here are some effective tips to save on car insurance premiums in Colorado.

• Maintain a clean driving record
• Ensure a good credit score
• Compare quotes from multiple insurers
• Go for discounts and bundle offers
• Use telematics or usage-based insurance
• Consider limiting optional coverages
• Increase your deductibles if it’s necessary
• Review and update your policy annually

The Bottom Line

Here’s a recap; the average car insurance rate in Colorado is $972/year for minimum coverage, and $2,892 per year for full coverage. Compared to the national average of $828/year for minimum coverage and $2,100 for full coverage, the average cost of car insurance is significantly more expensive in Colorado.

But that’s just the average cost, typically car insurance rates are determined based on your individual driving records, location, age, vehicle type, credit score, and many other factors that have been discussed throughout the article.

If you're shopping for car insurance in Colorado and want a more accurate estimate, we can help. You can use our online feature to find an agent nearby for a free quote and consultation.

Frequently Asked Questions (FAQs)

How much is car insurance per month in Colorado?

The average cost of minimum coverage for car insurance in Colorado is $81 per month, and for full coverage, it’s $241 per month.

Is Colorado an expensive state for car insurance?

Yes, compared to the national average Colorado’s average car insurance rate is significantly more expensive. Colorado’s minimum coverage rate is $972 for minimum coverage per year and $2,892 for full coverage per year. Compared to that, the national average cost of car insurance is $828/year for minimum coverage and $2,100 for full coverage.

So, if it’s compared in percentage then Colorado’s average minimum coverage is 17% more expensive, while its average full coverage is around 38% more expensive than the national average.

Why is Colorado car insurance so high?

Colorado’s car insurance rate is so high mainly because it has various populated cities with high accident and crime rates, along with terrible weather conditions which leads to a high number of insurance claims.