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Car Insurance Quotes Colorado
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 operating in your area.
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.
Cheapest Car Insurance in Colorado: by City
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 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 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 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 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 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.
Best Car Insurance Companies in Colorado
To determine who the best car insurance company is in Colorado, we’ve chosen
one quantitative metric: insurers’ confirmed complaint index numbers. While
there are many qualitative factors consumers should consider, a complaint index
number is one uniform standard that multiple companies can be measured against.
The index number compares a company’s share of confirmed complaints versus its
share of business or premiums in Colorado. A confirmed complaint is a complaint
founded by the state of Colorado to violate a law or disregard a contractual
policy provision. The lower a complaint index number, the better the auto
insurance company has performed relative to its competitors.A number of auto insurance companies in Colorado lead the group with zero justified complaints - 21st Century, Acuity Insurance, and AIG are just a few examples based on an alphabetic sort. Out of the top six cheap car insurance companies in our graph above, USAA, State Farm, and American Family rank better than other companies. Farmers and GEICO performed slightly worse than the average insurer in Colorado based on this metric.
Cost of Car Insurance in Colorado: Averages by City
From Loveland to Denver, below is a graph ranking cities from those with the
lowest costs to the highest costs. The list is anchored by two of the
Centennial State's most populous cities, and represents a sample size that is
66% of the overall state population. Across these sixty plus cities, the mean
annual cost of car insurance is $1,359. A slight majority of the cities - 53%
to be exact - had average rates that were higher than the state average, while
47% tended towards the less expensive half.
How We Conducted the Study
We based our study on the auto insurance rates for a 30 year old male
driving in sixty eight cities in Colorado. He owns his own home and drives a
2011 Toyota Camry about 12,000 miles a year to and from work for the most part.
He has had a clean driving and traffic record for the past five years and a
good credit history as well.The rates are based on roughly twice the insurance coverage mandated by the state of Colorado. Colorado requires auto insurance with a minimum of bodily injury protection of $25,000 per person up to $50,000 per accident, and $15,000 for property damage per accident.
