Cheapest Teen Driver Auto Insurance in Colorado (Top 10 Affordable Companies in 2024)
USAA, Geico, and Liberty Mutual have the cheapest teen driver auto insurance in Colorado. USAA is the cheapest overall at $75/mo, and State Farm has the lowest rates for age 16 with student discounts of up to 25%. Compare the top providers to find the best CO insurance for teens today.
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Daniel Walker
Licensed Auto Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Auto Insurance Agent
UPDATED: Apr 27, 2024
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Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Apr 27, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
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6,433 reviewsCompany Facts
Avg. Monthly Rate for Teen Driver
A.M. Best Rating
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19,116 reviewsCompany Facts
Avg. Monthly Rate for Teen Driver
A.M. Best Rating
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19,116 reviews
3,606 reviewsCompany Facts
Avg. Monthly Rate for Teen Driver
A.M. Best Rating
Complaint Level
Pros & Cons
3,606 reviewsUSAA, Geico, and Liberty Mutual have the cheapest teen driver auto insurance in Colorado.
Other great companies for cheap Colorado auto insurance include State Farm, American Family, and more.
| Company | Rank | Monthly Rates | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 | #1 | $75 | A++ | Military Savings | USAA |
 | #2 | $84 | A++ | Cheap Rates | Geico |
 | #3 | $95 | A | Customizable Polices | Liberty Mutual |
 | #4 | $108 | A++ | Many Discounts | State Farm |
 | #5 | $121 | A | Student Savings | American Family |
 | #6 | $144 | A+ | Usage Discount | Nationwide |
 | #7 | $196 | A+ | Add-on Coverages | Allstate |
 | #8 | $236 | A+ | Online Convenience | Progressive |
 | #9 | $262 | A | Local Agents | Farmers |
 | #10 | $292 | A++ | Accident Forgiveness | Travelers |
Compare rates with our free tool today to find the best Colorado auto insurance rates for teens.
- USAA has the best insurance for teen drivers
- Geico teenage driver insurance costs are also low
- Teens must meet Colorado auto insurance requirements to drive
#1 – USAA: Top Pick Overall
Pros
- Military Savings: USAA members get affordable rates and shopping and travel discounts.
- Customer Service: USAA is top-rated for its customer service. Find out more in our USAA review.
- Good Student Discount: Students with a B+ or 3.0 average or higher will qualify for a good student discount.
Cons
- Military Exclusive: Only veterans, military, and their families can qualify for USAA insurance.
- Virtual Communication: USAA has few in-person agents.
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#2 – Geico: Best for Cheap Rates
Pros
- Cheap Rates: Geico has the cheapest average rates on the market for non-military drivers. Discover more about Geico’s rates in our Geico auto insurance review.
- Simple Claims: Geico has a simple claims process, and drivers have the option to file claims online.
- Young Driver Discounts: Geico offers plenty of discounts that young drivers can qualify for, such as good driver or good student discounts.
Cons
- Fewer Add-Ons: Geico has fewer add-on insurance coverages than other companies.
- High DUI Rates: Geico has higher than average rates for drivers with DUIs.
#3 – Liberty Mutual: Best for Customizable Policies
Pros
- Customizable Policies: Liberty Mutual has easily customized policies. Learn about what coverages are offered in our Liberty Mutual review.
- 24/7 Support: Liberty Mutual offers customers 24/7 support with policies and claims.
- Bundling Discount: Customers can save by purchasing multiple types of insurance from Liberty Mutual.
Cons
- Availability of UBI Discount: A few states don’t have Liberty Mutual’s UBI discount.
- Customer Reviews: Liberty Mutual has some negative reviews regarding claims processing.
#4 – State Farm: Best for Many Discounts
Pros
- Many Discounts: State Farm has good student discounts and many others. Learn about its discount options in our review of State Farm.
- Local Service: State Farm has local agents to assist with policies and claims.
- Coverage Options: State Farm has extras like roadside assistance and rideshare coverage.
Cons
- Availability of UBI Discount: Not all states have State Farm’s usage-based discount.
- Agent Purchases: You must find a local agent to complete your purchase.
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#5 – American Family: Best for Student Savings
Pros
- Student Savings: American Family has good student discounts for student savings.
- Gap Insurance: American Family offers gap insurance for new cars, which not all companies carry. Learn about the company’s coverages in our American Family review.
- Customer Service: American Family has good customer service ratings.
Cons
- Availability: American Family sells insurance in only a few states.
- Rates for Poor Drivers: American Family’s rates for high-risk drivers may not be as cheap as those of other companies.
#6 – Nationwide: Best for Usage Discount
Pros
- Usage Discount: Nationwide offers a discount to drivers participating in its good driver program.
- Vanishing Deductibles: Nationwide reduces deductibles for claims-free customers.
- Discount Options: Nationwide offers good student discounts, good driver discounts, etc.
Cons
- Availability: Nationwide doesn’t sell insurance in a few states.
- DUI Rates: Nationwide’s rates can be more expensive than average for DUI drivers. Our review of Nationwide goes over rates in more detail.
#7 – Allstate: Best for Add-On Coverages
Pros
- Add-On Coverages: Allstate offers extras like rideshare insurance. We go over Allstate’s coverage options in our review of Allstate.
- Availability: Allstate sells auto insurance in every state.
- Accident Forgiveness: Customers can sign up for Allstate’s accident forgiveness program.
Cons
- Availability of UBI Discount: A few states don’t have Allstate’s UBI discount.
- Limited Agents: It can be harder to find a local Allstate agent if you want in-person assistance.
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#8 – Progressive: Best for Online Convenience
Pros
- Online Convenience: Customers can make policy changes and file claims online at Progressive.
- Budget Tool: Customers can check how much coverage they can afford at Progressive.
- Coverage Options: Progressive offers add-ons like gap insurance. Learn about its coverage options in our Progressive review.
Cons
- UBI Discount Increased Rates: Progressive raises rates for some drivers if drivers score poorly in the UBI program.
- Mixed Customer Service Reviews: Progressive has some negative customer ratings.
#9 – Farmers: Best for Local Agents
Pros
- Local Agents: Farmers’ local agents offer in-person assistance.
- Discount Options: Farmers offers teen driver discounts. Read our Farmers review to learn about the company’s discount options.
- Coverage Options: Farmers has extras like roadside assistance for customers.
Cons
- Availability of UBI Discount: A few states don’t offer a discount for usage-based driving.
- High-Risk Driver Rates: Drivers with poor driving records may not find the best rates at Farmers.
#10 – Travelers: Best for Accident Forgiveness
Pros
- Accident Forgiveness: Some drivers may avoid increased rates with Travelers’ accident forgiveness program.
- Coverage Options: Travelers offers extras like new car replacement. Our review of Travelers covers its coverage options.
- Discount Options: Travelers has a decent selection of discount options.
Cons
- Customer Service: Travelers’ has some negative ratings.
- Higher Rates for Select Drivers: Drivers with poor driving records may have more expensive rates than the average.
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Colorado Teen Driving Laws and Requirements
Colorado teens must meet Colorado minimum auto insurance requirements.
Colorado requires all drivers to have 25/50/15 of liability insurance. Teens will benefit from full coverage, not just liability insurance, as it offers better financial protection on Colorado auto insurance claims.Dani Best Licensed Insurance Producer
Look at the table below to see the cost differences between minimum and full coverage.
| Age & Gender | Minimum Coverage | Full Coverage |
|---|---|---|
| 16-Year-Old Female | $170 | $582 |
| 16-Year-Old Male | $188 | $617 |
| 17-Year-Old Female | $165 | $550 |
| 17-Year-Old Male | $183 | $585 |
| 18-Year-Old Female | $153 | $406 |
| 18-Year-Old Male | $161 | $474 |
| 19-Year-Old Female | $145 | $380 |
| 19-Year-Old Male | $152 | $445 |
| 20-Year-Old Female | $138 | $360 |
| 20-Year-Old Male | $145 | $422 |
| 21-Year-Old Female | $132 | $340 |
| 21-Year-Old Male | $139 | $400 |
Getting quotes from cheap companies like Geico may help you find a better deal on full coverage.
Penalties for Driving Without Insurance in Colorado
Driving without auto insurance is a serious offense. If drivers are caught without auto insurance and are unable to provide proof of insurance to meet the Colorado proof of insurance law, the penalties are fines, suspended licenses, suspended registrations, and even jail time. Drivers will then have to reinstate licenses and registration through the Colorado DMV.
Why Colorado Teen Auto Insurance Rates Are High
A few of the top seven factors that affect auto insurance rates are accidents, DUIs, and tickets.
| Age & Gender | Speeding Ticket | At-Fault Accident | DUI/DWI |
|---|---|---|---|
| 16-Year-Old Female | $640 | $698 | $874 |
| 16-Year-Old Male | $679 | $739 | $926 |
| 17-Year-Old Female | $605 | $660 | $825 |
| 17-Year-Old Male | $643 | $702 | $877 |
| 18-Year-Old Female | $447 | $487 | $609 |
| 18-Year-Old Male | $521 | $568 | $711 |
| 19-Year-Old Female | $418 | $456 | $570 |
| 19-Year-Old Male | $489 | $534 | $668 |
| 20-Year-Old Female | $396 | $432 | $540 |
| 20-Year-Old Male | $464 | $506 | $633 |
| 21-Year-Old Female | $374 | $408 | $510 |
| 21-Year-Old Male | $440 | $480 | $600 |
Location is another factor that could result in a Colorado auto insurance rate increase or decrease.
| Age & Gender | Aurora | Boulder | Colorado Springs | Denver | Fort Collins |
|---|---|---|---|---|---|
| 16-Year-Old Female | $595 | $575 | $585 | $605 | $565 |
| 16-Year-Old Male | $630 | $610 | $620 | $640 | $600 |
| 17-Year-Old Female | $563 | $543 | $553 | $573 | $533 |
| 17-Year-Old Male | $598 | $578 | $588 | $608 | $568 |
| 18-Year-Old Female | $415 | $395 | $405 | $425 | $385 |
| 18-Year-Old Male | $483 | $463 | $473 | $493 | $453 |
| 19-Year-Old Female | $389 | $369 | $379 | $399 | $359 |
| 19-Year-Old Male | $454 | $434 | $444 | $464 | $424 |
| 20-Year-Old Female | $369 | $349 | $359 | $379 | $339 |
| 20-Year-Old Male | $431 | $411 | $421 | $441 | $401 |
| 21-Year-Old Female | $349 | $329 | $339 | $359 | $319 |
| 21-Year-Old Male | $409 | $389 | $399 | $419 | $379 |
As you can see, Denver auto insurance will differ in cost from Aurora or Boulder auto insurance. If you want to find the cheapest auto insurance in Denver, shop around for quotes.
Adding a Teen Driver to a Parent’s Policy
It is cheaper adding a driver to car insurance on a parents’ policy than having teens purchase their own.
| Age & Gender | Individual Policy | Parent's Policy |
|---|---|---|
| 16-Year-Old Female | $582 | $349 |
| 16-Year-Old Male | $617 | $370 |
| 17-Year-Old Female | $550 | $330 |
| 17-Year-Old Male | $585 | $351 |
| 18-Year-Old Female | $406 | $244 |
| 18-Year-Old Male | $474 | $284 |
| 19-Year-Old Female | $380 | $228 |
| 19-Year-Old Male | $445 | $267 |
| 20-Year-Old Female | $360 | $216 |
| 20-Year-Old Male | $422 | $253 |
| 21-Year-Old Female | $340 | $204 |
| 21-Year-Old Male | $400 | $240 |
Teens can stay on a parent’s policy for as long as they reside with their parents.
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Money-Saving Tips for Teens: Colorado Auto Insurance
To save on Colorado auto insurance for a 15-year-old and up, make sure to shop at the companies with the cheapest teen auto insurance.
| Insurance Company | Minimum Coverage | Full Coverage |
|---|---|---|
| Allstate | $196 | $576 |
| American Family | $121 | $356 |
| Farmers | $262 | $770 |
| Geico | $84 | $248 |
| Liberty Mutual | $95 | $279 |
| Nationwide | $144 | $423 |
| Progressive | $236 | $691 |
| State Farm | $108 | $318 |
| Travelers | $292 | $857 |
| USAA | $75 | $219 |
You can also get discounts from the cheapest companies.
Good student discounts can be a great way for teens to save.
Get the Cheapest Teen Driver Auto Insurance in Colorado
To find the cheapest auto insurance for drivers under 25, shop around at the cheapest Colorado auto insurance companies. Teens can also get good student discounts and participate in safe-driving courses to lower costs on Colorado auto insurance for a 16-year-old or older.
Ready to find cheap teen auto insurance in Colorado today? Enter your ZIP code into our free tool to get started.
Frequently Asked Questions
Is Colorado an expensive state for auto insurance?
Yes, Colorado has more expensive rates than the nationwide average.
How much is auto insurance per month in Colorado?
16-year-old drivers pay an average of $179/mo for minimum coverage in Colorado. Enter your ZIP code below to compare rates for 16-year-old drivers in Colorado.
What age range pays most for Colorado auto insurance?
16-year-olds pay the most for Colorado auto insurance, so check out our guide to cheap auto insurance for 16-year-olds.
What is the bare minimum auto insurance in Colorado?
Colorado auto insurance laws require drivers to carry bodily injury and property damage liability insurance in the amount of 25/50/15.
What is the cheapest teen auto insurance in Colorado?
USAA has the cheapest teen auto insurance in Colorado. However, Geico, Liberty Mutual, and State Farm auto insurance in Colorado are also affordable.
Who is cheaper for teen driver auto insurance in Colorado, Geico or Progressive?
Geico is cheaper for teen driver insurance in Colorado (read more: Geico vs. Progressive Auto Insurance Review).
Is Allstate or Geico more expensive for teens in Colorado?
Allstate is more expensive for teens in Colorado.
What is the cheapest auto insurance for an 18-year-old in Colorado?
USAA and Geico have the cheapest auto insurance for 18-year-old drivers.
Can a 17-year-old get their own car insurance in Colorado?
Yes, 17-year-olds can get their own auto insurance as long as they follow Colorado teen driving laws. Make sure to shop around to get the best deal on cheap auto insurance for 17-year-olds.
What is the best Colorado insurance company for a 16-year-old boy?
USAA and Geico have the best rates for 16-year-olds.
Can I insure a car that’s not in my name in Colorado?
You can insure a car not in your name if you prove insurable interest.
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Daniel Walker
Licensed Auto Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Auto Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
