What is the average monthly car insurance in Colorado?

We compared auto insurance quotes in the state of Colorado and found that the average cost of minimum liability car insurance, the cheapest type of policy, is $864 per year, or $72 per month. But prices can change a lot depending on the insurer, your location, driving history and other factors.

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

Denver has the largest population of all the cities in Colorado, which translates to higher auto insurance rates. Statewide, the average cost of minimum coverage car insurance is $72 per month, but the average cost in Denver is $91 — 26% higher.

Are insurance rates higher in Colorado?

In Colorado, average yearly car insurance premiums increased by $272 in the past year. The usual driver in Colorado now pays an average rate of $1,682 each year.

Why is Colorado insurance so high?

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.

Is auto insurance more expensive 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%. Auto insurance premiums price based on a number of components, including your credit score, driving record, age, gender, and marital status.

Why is Colorado auto insurance so high?

How much does insurance cost per 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 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.

How much is full coverage insurance?

Full coverage car insurance is more expensive than policies that only include liability insurance. But you can still find savings with the right insurer. The average cost of a full coverage car insurance policy is $2,399 per year or $200 per month.

Does insurance follow the car or driver in Colorado?

After all, you pay your premiums and you own the car, so you may expect that your insurance will only cover you. However, Colorado is one of many states where car insurance actually follows the vehicle, not the driver.

Does Colorado have free HealthCare?

Health First Colorado (Colorado’s Medicaid program) is free or low-cost health care for Colorado children and adults who qualify. Coloradans who meet specific monthly income requirements can get insurance through Health First Colorado.

What is the best car insurance company in Colorado?

Checking their list, the top car insurance companies for Colorado (doing business in the state, although they may be headquartered elsewhere) are Amica Mutual, State Farm, and Geico. Amica Mutual is the JDPA award winner, and State Farm and Geico each have a four-circle JDPA rating.

What is the average car insurance in Colorado?

Colorado’s annual premiums for auto insurance are on the higher side — on average $1,383 per year, compared to the nationwide average of $1,009. That said, how much you’ll pay can vary a lot depending on your car, your coverage, and your address. Use our tool to find your best rates: It pays to shop around.

What is car insurance in Colorado?

In Colorado, car insurance is mandatory for all drivers. Auto insurance regulations are enforced by the Colorado Department of Regulatory Agencies , Division of Insurance. Until 2003, Colorado was a “no-fault state, but changed the law in order to help reduce the cost of insurance premiums and help prevent claims abuses.

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