Colorado Auto Insurance [Rates + Cheap Coverage Guide]

Colorado requires a minimum of 25/50/15 of bodily injury and property damage coverage. Denver has the average highest rates at $396.87/mo.

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Daniel Walker
Licensed Insurance Agent

UPDATED: Apr 3, 2020

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Colorado Statistics SummaryDetails
Roadway Miles88,740
Vehicle Miles49 Billion
Vehicles Registered4,632,430
Population5,607,154
Most Popular VehicleSubaru Outback
Uninsured Drivers13.3%
Total Traffic Fatalities648
Speeding Fatalities230
DUI Fatalities177
Full Coverage Average Annual Premium$981.64

Liability Average Annual Premium$520.04
Collision Average Annual Premium$287
Comprehensive Average Annual Premium$174.61
Two Cheapest ProvidersGeico and State Farm

If you’re living in Colorado, you’re lucky. The recreational activities at your doorstep are endless and the beauty around you is breathtaking.

You may have noticed your car insurance rates rising recently. In fact, car insurance in Colorado has been rising three times the pace of inflation, according to the Denver Post.

Higher bills are something no one looks forward to. But what choice do you have? You don’t have to feel stuck. We’ll help you navigate the insurance requirements as well as help you find ways to save.

One great way to save is to compare auto insurance quotes and find the lower rate and then switch to that company. You can compare quotes right here for free.

Table of Contents

Colorado Car Insurance Coverage and Rates

The average Colorado resident drives just under 37 miles a day for a total of 13,443 in a year. Every mile on the road is a mile of risk for something to go wrong, especially when you live where ice and snow are possible half the year.

You need car insurance, but knowing how to get started finding the right kind of coverage can feel overwhelming.

You don’t need to worry. We’ll help you learn what is required, what you might want, and where you can find it for the best price.

Colorado Minimum Coverage

Colorado is a “fault” state. If you cause an accident, you are responsible to pay for all the damages. The state of Colorado requires car insurance with the minimum limits of 25/50/15 for anyone who drives. This is known as “basic coverage.”

Uninsured/underinsured motorist coverage can be rejected in writing. If not rejected, it will automatically be applied to a basic policy.

Colorado Minimum Coverage RequirementsRate
Bodily Injury Liability$25,000 per person
$50,000 per accident
Property Damage Liability$15,000 per accident
Uninsured/Underinsured Motorist Coverage*$25,000 per person
$50,000 per accident
Medical Payments (MedPay)*$5000

*May be waived if rejected. UUM must be rejected in writing. MedPay may be rejected in writing or in the same way you buy insurance.

If, on the off chance, you have 25 or more vehicles registered in your name, you have the option to self-insure. According to the Colorado General Assembly:

Self-insurance. Any individual who has over 25 vehicles registered to his or her name may qualify as a self-insurer by applying for a certificate of self-insurance from the state Insurance Commissioner.

The Insurance Commissioner must ensure that the individual will be able to pay the minimum coverages required by the state. For more information on self-insurance, contact the state’s Division of Insurance within the Department of Regulatory Agencies (DORA).

The average person doesn’t have 25 vehicles! So, chances are pretty high you need traditional auto insurance. Now you know how much insurance you’re required to have.

But is the requirement enough? Probably not if you have assets or future assets to protect. Imagine you have the minimum required limits and you cause an accident which totals a $60,000 truck. Your policy will pay the $15,000 limit, and you’ll be responsible for the remaining $45,000.

Most experts recommend liability limits of 100/300/50.

The Wall Street Journal recommends the following rule of thumb in regards to insurance coverage limits:

Make sure you’re covered for an amount equal to the total value of your assets (Add up the dollar values of your house, your car, savings, and investments).

Keep in mind that basic coverage provides you with liability protection. It does not pay to repair or replace your vehicle following an accident that you cause or after non-accident related damage. Full coverage, which includes comprehensive and collision insurance, is what you need for that protection.

If you have a lease or loan, you will likely be required to carry full coverage.

Next up, we’ll look at the average Colorado resident and what he or she pays for car insurance. What you pay will probably vary from this, but this will give you a baseline idea.

Premiums as a Percentage of Income

Your Disposable Personal Income (DPI) is what you make after taxes have been taken out. The table below shows Colorado car insurance as a percentage of income:

Annual Full Coverage
Average Premiums
Monthly Full Coverage
Average Premiums
Annual Per Capita
Disposable Personal Income
Monthly Per Capita
Disposable Personal Income
Percentage of Income
$939.52$78.29$43,609.00$3,634.082.15

Basic coverage is what is required by law. Full coverage includes liability, comprehensive, and collision insurance. We’ll break down the average cost of each.

Type of CoverageAverage Annual Cost
Liability$520.04
Collision$287
Comprehensive$174.61
Full Coverage$981.64

We’ve examined some statistics about what car insurance costs the average Coloradan. Now, we’re going to look at an important statistic concerning insurance companies: loss ratio.

Loss Ratio

Why does this stat matter? What is a loss ratio? Well, a loss ratio shows you the comparison of the premiums taken in to the claims paid out. It matters because it shows you where a company’s money is going: into the company or back to the consumer.

Murphy and Prachthauser sum it up well:

Lower pay loss ratio means the insurance company is paying more for salaries, defense costs, and advertising, rather than paying the policyholders who purchased their coverage. All other things being equal, try to find car insurance companies with a higher pay loss ratio.

Type of Coverage201220132014
Medical Payments (MedPay) 85.64%82.53%77.44%
Uninsured/Underinsured Motorist Coverage96.63%96.81%95.82%

Add-ons, Endorsements, Riders

Uninsured/Underinsured motorist coverage is included in a basic policy unless the consumer rejects it in writing. Before you reject it, consider the following statistics about uninsured motorists in Colorado:

Percentage of Motorists without InsuranceColorado's Rank Nationally
13.30%19th

Over 13 percent of Colorado drivers don’t have insurance! If they cause an accident with you and you don’t have Uninsured Motorist Coverage, you will wish you did.

Medical Payments is another coverage that is included in a basic Colorado policy but can be rejected in writing or in the form in which the policy was purchased (e.g. internet or phone).

There are several additional coverage options that you can learn more about to decide if they’re a good choice for your situation. We’ll look at those right here:

Pay-by-the-mile car insurance plans are growing in popularity, but currently, there are no companies offering by-the-mile plans in Colorado.

Progressive and Allstate both offer usage-based programs in Colorado. With these programs, you can get a discount based on how well and how much you drive.

Male Versus Female Rates in Colorado

We compiled actual quotes for hypothetical 25-year-olds. One hypothetical person was male, the other female. Besides that difference, all other variables were equal. Here’s how their rates compared:

GenderGeicoProgressive
25-year-old Female$130.54$69.33
25-year-old Male$108.21$64.71

Both companies charged the female driver more than the male.

In another study, we compared rates for 55-year-olds and with identical demographic and driving history information, besides gender, you can see how their rates compared:

GenderGeicoProgressive
55-year-old Female$177.93$50.08
55-year-old Male$172.38$47.67

Once again, the female quotes are slightly higher than the male quotes.

Cheapest and Most Expensive Colorado Insurance Rates by ZIP Code

Live in a neighborhood with busy roads or frequent thefts? Insurers may charge you more. The tables below show which ZIP codes have the most expensive and cheapest rates.

Cheapest ZIP Codes in ColoradoCityAverage by ZIP CodesMost Expensive CompanyMost Expensive Rate2nd Most Expensive Company2nd Most Expensive RateCheapest CompanyCheapest Rate2nd Cheapest Company2nd Cheapest Rate
81504GRAND JUNCTION$3,291.13Allstate$5,559.67Farmers$4,321.67GEICO$2,158.40Liberty Mutual$2,350.84
81505GRAND JUNCTION$3,299.49Allstate$5,559.67Farmers$4,391.99GEICO$2,106.05Liberty Mutual$2,360.44
81507GRAND JUNCTION$3,312.39Allstate$5,559.67Farmers$4,300.31GEICO$2,236.13Liberty Mutual$2,360.44
81501GRAND JUNCTION$3,314.33Allstate$5,134.33Farmers$4,336.53GEICO$2,236.13Liberty Mutual$2,434.26
80535LAPORTE$3,327.82Farmers$4,375.65Allstate$4,199.55Liberty Mutual$2,280.34USAA$2,837.72
81521FRUITA$3,330.77Allstate$5,559.67Farmers$4,352.53GEICO$2,106.05State Farm$2,610.96
80525FORT COLLINS$3,334.66Farmers$4,695.19Allstate$4,308.76Liberty Mutual$2,448.71USAA$2,707.04
81520CLIFTON$3,336.43Allstate$5,559.67Farmers$4,381.59GEICO$2,106.05Liberty Mutual$2,350.84
81503GRAND JUNCTION$3,338.85Allstate$5,559.67Farmers$4,452.48GEICO$2,158.40Liberty Mutual$2,360.44
81525MACK$3,344.40Allstate$5,431.16Farmers$4,591.98GEICO$2,106.05Liberty Mutual$2,551.75
81524LOMA$3,344.96Allstate$5,431.16Farmers$4,439.13GEICO$2,106.05Liberty Mutual$2,375.76
81506GRAND JUNCTION$3,346.16Allstate$5,559.67Farmers$4,308.80GEICO$2,158.40Liberty Mutual$2,434.26
80521FORT COLLINS$3,347.76Farmers$4,523.55Allstate$4,199.55Liberty Mutual$2,415.11GEICO$2,799.30
80537LOVELAND$3,361.47Farmers$4,562.20Allstate$4,377.44Liberty Mutual$2,555.08GEICO$2,746.43
80526FORT COLLINS$3,361.56Farmers$4,637.80Allstate$4,199.55Liberty Mutual$2,361.92GEICO$2,799.30
80538LOVELAND$3,366.63Farmers$4,650.88Allstate$4,319.84Liberty Mutual$2,603.47GEICO$2,746.43
81526PALISADE$3,381.38Allstate$5,431.16Farmers$4,485.57GEICO$2,158.40Liberty Mutual$2,603.97
80528FORT COLLINS$3,393.99Farmers$4,632.36Allstate$4,319.84Liberty Mutual$2,448.71USAA$2,749.54
80524FORT COLLINS$3,397.23Farmers$4,678.84Allstate$4,558.04Liberty Mutual$2,415.11USAA$2,707.04
81401MONTROSE$3,417.08Allstate$5,235.78Farmers$4,581.77GEICO$2,159.83Liberty Mutual$2,711.63
80549WELLINGTON$3,419.33Allstate$4,571.00Farmers$4,517.83Liberty Mutual$2,574.62State Farm$2,743.35
81523GLADE PARK$3,420.49Allstate$5,559.67Farmers$4,510.33GEICO$2,236.13Liberty Mutual$2,562.30
81403MONTROSE$3,421.86Allstate$5,235.78Farmers$4,525.94GEICO$2,159.83Liberty Mutual$2,711.63
80547TIMNATH$3,423.02Farmers$4,978.52Allstate$4,308.76Liberty Mutual$2,448.71GEICO$2,758.74
81527WHITEWATER$3,432.47Allstate$5,577.83Farmers$5,055.56GEICO$2,158.40Liberty Mutual$2,386.31

Denver’s average rates are nearly $500 higher than Grand Junction’s.

Most Expensive ZIP Codes in ColoradoCityAverage by ZIP CodeMost Expensive CompanyMost Expensive Rate2nd Most Expensive Company2nd Most Expensive RateCheapest CompanyCheapest Rate2nd Cheapest Company2nd Cheapest Rate
80219DENVER$4,762.40Allstate$6,635.51Farmers$6,600.49USAA$3,345.01Liberty Mutual$3,514.27
80223DENVER$4,757.54Farmers$6,750.80Allstate$6,481.50Liberty Mutual$3,591.58GEICO$3,680.74
80010AURORA$4,722.91Allstate$6,709.57Farmers$6,345.60Liberty Mutual$3,454.53USAA$3,525.81
80230DENVER$4,693.01Allstate$6,939.29Farmers$5,866.11Liberty Mutual$3,477.44USAA$3,530.73
80012AURORA$4,677.64Allstate$6,831.76Farmers$5,996.27USAA$3,530.73Liberty Mutual$3,565.22
80246DENVER$4,673.75Allstate$6,913.77Farmers$6,273.18Liberty Mutual$3,309.16USAA$3,516.53
80204DENVER$4,672.66Allstate$6,481.50Farmers$6,153.74Liberty Mutual$3,560.88USAA$3,657.89
80220DENVER$4,642.72Allstate$6,744.02Farmers$6,276.00Liberty Mutual$3,413.46USAA$3,530.73
80247DENVER$4,642.34Allstate$6,831.76Farmers$5,763.39Liberty Mutual$3,442.19USAA$3,530.73
80045AURORA$4,620.43Allstate$6,709.57Farmers$5,817.07Liberty Mutual$3,454.53USAA$3,530.73
80239DENVER$4,581.88Allstate$6,523.66Farmers$5,864.52Liberty Mutual$3,441.92USAA$3,525.81
80205DENVER$4,576.50Farmers$6,325.44Allstate$6,283.66GEICO$3,461.13USAA$3,484.32
80203DENVER$4,567.76Allstate$6,411.14Farmers$6,104.04Liberty Mutual$3,292.91GEICO$3,369.30
80011AURORA$4,550.80Allstate$6,523.66Farmers$5,979.90USAA$3,244.30Liberty Mutual$3,442.19
80047AURORA$4,547.13Allstate$6,074.05Farmers$5,683.22Liberty Mutual$3,565.22State Farm$3,687.16
80207DENVER$4,527.63Farmers$6,369.66Allstate$5,928.00Liberty Mutual$3,406.04USAA$3,530.73
80206DENVER$4,526.04Farmers$6,145.16Allstate$5,853.97Liberty Mutual$3,368.61GEICO$3,369.30
80014AURORA$4,525.03Allstate$6,565.34Farmers$6,007.98Liberty Mutual$3,155.03USAA$3,504.28
80218DENVER$4,521.67Allstate$6,283.66Farmers$6,002.72Liberty Mutual$3,321.71GEICO$3,322.81
80216DENVER$4,519.40Farmers$6,451.96Allstate$6,074.49Liberty Mutual$3,315.08GEICO$3,544.79
80224DENVER$4,505.94Allstate$6,496.63Farmers$6,063.86Liberty Mutual$3,389.52USAA$3,504.28
80017AURORA$4,500.52Allstate$6,671.40Farmers$5,906.67Liberty Mutual$3,402.15USAA$3,405.74
80202DENVER$4,497.08Allstate$6,296.06Farmers$6,112.84Liberty Mutual$3,352.37GEICO$3,414.64
80231DENVER$4,475.84Allstate$6,496.63Farmers$5,769.53Liberty Mutual$3,429.51USAA$3,530.73
80211DENVER$4,464.23Allstate$6,086.89Farmers$6,033.88GEICO$3,243.61Liberty Mutual$3,369.71

Cheapest and Most Expensive Colorado Insurance Rates by City

ZIP codes only give insight into a few cities’ rates, so let’s take a look at car insurance rates by city.

Cheapest Cities in ColoradoAverage by CityMost Expensive CompanyMost Expensive Rate2nd Most Expensive Company2nd Most Expensive RateCheapest CompanyCheapest Rate2nd Cheapest Company2nd Cheapest Rate
Clifton$3,313.78Allstate$5,559.67Farmers$4,351.63GEICO$2,132.23Liberty Mutual$2,350.84
Grand Junction$3,322.24Allstate$5,474.60Farmers$4,358.02GEICO$2,179.02Liberty Mutual$2,389.97
Laporte$3,327.82Farmers$4,375.65Allstate$4,199.55Liberty Mutual$2,280.34USAA$2,837.72
Fruita$3,330.77Allstate$5,559.67Farmers$4,352.53GEICO$2,106.05State Farm$2,610.96
Mack$3,344.40Allstate$5,431.16Farmers$4,591.98GEICO$2,106.05Liberty Mutual$2,551.75
Loma$3,344.96Allstate$5,431.16Farmers$4,439.13GEICO$2,106.05Liberty Mutual$2,375.76
Loveland$3,366.63Farmers$4,650.88Allstate$4,319.84Liberty Mutual$2,603.47GEICO$2,746.43
Palisade$3,381.38Allstate$5,431.16Farmers$4,485.57GEICO$2,158.40Liberty Mutual$2,603.97
Fort Collins$3,388.15Farmers$4,696.20Allstate$4,352.61Liberty Mutual$2,417.45USAA$2,757.68
Wellington$3,419.32Allstate$4,571.00Farmers$4,517.83Liberty Mutual$2,574.62State Farm$2,743.35
Montrose$3,419.47Allstate$5,235.78Farmers$4,553.86GEICO$2,159.83Liberty Mutual$2,711.63
Glade Park$3,420.49Allstate$5,559.67Farmers$4,510.33GEICO$2,236.13Liberty Mutual$2,562.30
Timnath$3,423.02Farmers$4,978.52Allstate$4,308.76Liberty Mutual$2,448.71GEICO$2,758.74
Berthoud$3,425.56Allstate$4,665.40Farmers$4,491.22Liberty Mutual$2,618.43GEICO$2,705.72
Whitewater$3,432.47Allstate$5,577.83Farmers$5,055.56GEICO$2,158.40Liberty Mutual$2,386.31
Masonville$3,433.77Farmers$4,786.19Allstate$4,291.74Liberty Mutual$2,603.47GEICO$2,858.45
Delta$3,436.14Allstate$5,752.64Farmers$4,616.66GEICO$2,107.48Liberty Mutual$2,494.42
Gateway$3,452.59Allstate$5,449.29Farmers$4,796.02GEICO$2,288.48Liberty Mutual$2,562.30
Evans$3,468.17Allstate$5,069.20Farmers$4,680.78Liberty Mutual$2,446.28GEICO$2,553.81
Glen Haven$3,468.96Farmers$4,916.37Allstate$4,291.74Liberty Mutual$2,618.37GEICO$2,879.57
Olathe$3,473.78Allstate$5,571.82Farmers$4,793.37GEICO$2,159.83Liberty Mutual$2,542.41
Austin$3,481.55Allstate$5,449.29Farmers$4,803.01GEICO$2,237.56State Farm$2,581.05
Monte Vista$3,488.11Allstate$5,021.13Farmers$4,822.69GEICO$2,533.48Liberty Mutual$2,599.59
Drake$3,488.53Farmers$4,987.95Allstate$4,291.74Liberty Mutual$2,618.37GEICO$2,879.57
Cimarron$3,499.94Allstate$5,235.78Farmers$4,336.23State Farm$2,717.05Liberty Mutual$2,734.33

Clifton and Grand Junction have the cheapest car insurance rates in the state.

Most Expensive Cities in ColoradoAverage by CityMost Expensive CompanyMost Expensive Rate2nd Most Expensive Company2nd Most Expensive RateCheapest CompanyCheapest Rate2nd Cheapest Company2nd Cheapest Rate
Aurora$4,485.52Allstate$6,378.06Farmers$5,847.54Liberty Mutual$3,300.77USAA$3,457.18
Denver$4,451.50Allstate$6,122.07Farmers$6,017.55Liberty Mutual$3,345.16GEICO$3,449.52
Boone$4,416.55Allstate$6,195.05Farmers$5,955.20Liberty Mutual$2,782.94GEICO$3,359.96
Edgewater$4,413.46Farmers$6,279.67Allstate$6,091.35Liberty Mutual$3,136.43USAA$3,400.44
Conifer$4,356.88Allstate$6,303.70Farmers$5,645.34Liberty Mutual$2,816.90USAA$3,577.09
Pueblo$4,351.79Allstate$6,223.13Farmers$5,783.22Liberty Mutual$3,135.55GEICO$3,382.29
Kittredge$4,345.37Allstate$6,303.70Farmers$5,735.63Liberty Mutual$3,023.84USAA$3,281.91
Blende$4,307.21Allstate$6,286.45Farmers$5,462.17Liberty Mutual$3,128.26GEICO$3,359.96
Avondale$4,286.82Allstate$6,244.99Farmers$5,848.93Liberty Mutual$3,067.77GEICO$3,359.96
Pine$4,286.70Allstate$6,227.20Farmers$5,552.36Liberty Mutual$2,775.42USAA$3,350.30
Evergreen$4,275.74Allstate$6,303.70Farmers$5,490.26Liberty Mutual$3,023.84Nationwide$3,512.42
Cherry Hills Village$4,274.05Farmers$6,150.27Allstate$5,954.43Liberty Mutual$3,261.13GEICO$3,375.68
Berkley$4,258.11Farmers$5,906.16Allstate$5,785.95Liberty Mutual$3,185.40GEICO$3,219.53
Beulah$4,258.06Allstate$6,153.61Farmers$5,941.29Liberty Mutual$3,078.33American Family$3,353.48
Dupont$4,256.69Allstate$6,074.49Farmers$5,865.45Liberty Mutual$3,047.65GEICO$3,160.61
Kiowa$4,237.52Farmers$5,700.89Allstate$5,428.33Liberty Mutual$2,768.05GEICO$3,618.34
Pueblo West$4,237.11Allstate$6,244.99Farmers$5,447.51Liberty Mutual$3,149.36GEICO$3,268.81
Deer Trail$4,231.16Farmers$6,520.12Allstate$5,470.96Liberty Mutual$2,838.41State Farm$3,395.95
Calhan$4,227.68Farmers$5,999.58Allstate$5,669.62Liberty Mutual$2,646.84USAA$3,494.59
Fort Carson$4,204.82Allstate$6,083.85Farmers$5,557.52Liberty Mutual$2,867.51State Farm$3,357.87
Idaho Springs$4,194.17Allstate$6,032.22Farmers$5,510.99Liberty Mutual$3,168.00GEICO$3,170.65
Yoder$4,188.72Allstate$5,685.45Farmers$5,647.34Liberty Mutual$2,646.84State Farm$3,548.46
Indian Hills$4,187.74Farmers$5,975.56Allstate$5,645.56Liberty Mutual$2,975.13USAA$3,281.91
Lakewood$4,174.68Allstate$6,070.40Farmers$5,830.34Liberty Mutual$3,093.81GEICO$3,205.94
Buffalo Creek$4,171.50Farmers$5,663.46Allstate$5,569.05Liberty Mutual$2,929.81USAA$3,350.30

Colorado Car Insurance Companies

You have so many options for who to use as your insurer. It’s hard to know where to begin. Who’s going to give me the best rates? Who is going to be the easiest to work with? Who’s good?!

We’ll answer those questions and show you how to get started finding the best insurance company for you.

When you choose a car insurance company, its reputation matters as much as or more than its rates. We’ll show how the largest companies rate in the areas of financial stability and customer satisfaction.

Financial Ratings

AM Best is a credit rating agency. They evaluate insurance companies and then give them a grade based on their financial stability. The table below shows the ten largest insurance companies in Colorado by market share with their AM Best rating.

CompanyAM Best Rating
AllstateA+
American FamilyA
FarmersA
GeicoA++
Liberty MutualA
NationwideA+
ProgressiveA+
State FarmA++
TravelersA++
USAAA++

Customer Satisfaction Ratings

JD Power Auto Insurance Raitings Southwest Region

Companies in Colorado With the Least and Most Complaints

When you deal with an insurance company, ideally, you’ll work together and both be satisfied with the outcome. That doesn’t always happen, and when the consumer is dissatisfied, he or she can file a complaint. Those complaints, whether justified or not are considered in the complaint ratios shown below.

Obviously, a large company will have more complaints than a small company due to the sheer volume of business they conduct, so what matters more than the number of complaints is the complaint ratio.

How many complaints does a company receive per one million dollars of business? The answer is the complaint ratio.

These are the companies that had the best complaint ratios in the state.

Company NameTotal ComplaintsConfirmed ComplaintsComplaint RatioCompany NameTotal ComplaintsConfirmed ComplaintsComplaint Ratio
AIG000MetLife430.17
Essentia000Nationwide Agribusiness630.18
Farmers Alliance Mutual000360 Insurance110.2
Grange000Farmers53180.2
Great Northern100.08USAA32110.2
Country Preferred200.09Geico620.21
Travelers Home and Marine200.12Liberty Mutual43160.21
Amica Mutual420.15State Farm174620.21
SECURA Supreme100.15Horace Mann100.22

Next are the companies that had the worst complaint ratios.

Company NameTotal ComplaintsConfirmed ComplaintsComplaint RatioCompany NameTotal ComplaintsConfirmed ComplaintsComplaint Ratio
Occidental Fire & Casualty21512.36Financial Indemnity811.03
Young America39152.74Permanent General of Ohio49150.95
Loya76272.49Safeway1950.91
Mendota28132.45Central Mutual410.88
National General1131.78Nationwide Affinity830.85
Alpha Property & Casualty621.39Nationwide Mutual1020.84
Arizona Automobile4181.37IDS Property Casualty1430.79
Twin City Fire4421.18Liberty Mutual Fire1030.78
Permanent General721.16Viking Insurance410.75

Complaint Ratios for Colorado’s 10 Largest Car Insurers

Here’s how the largest companies by market share compare for complaint ratios.

Insurance CompanyMarket SharePremiums WrittenComplaint Ratio
State Farm Group19.81%$906,9180.19
USAA Group10.20%$467,0790.16
GEICO9.89%$452,5850.28
Progressive Group9.62%$440,2740.75
Allstate Insurance Group8.49%$388,4450.34
American Family Insurance Group8.41%$384,8920.3
Farmers Insurance Group7.22%$330,473NR
Liberty Mutual Group6.97%$319,1660.36
Travelers Group2.82%$129,187NR
Nationwide Corp Group2.00%$91,5470.17

Colorado Car Insurance Rates by Company

Below is a list of the most expensive and the cheapest car insurance companies in Colorado by their average rates.

Cheapest CompaniesRateMost Expensive CompaniesRate
USAA$782.90American Hallmark$4,408.66
USAA Casualty$807.74LM Insurance Corporation$3,761.54
Hartford Casualty$819.44LM General$3,397.64
Progressive Direct$845.84Metropolitan Casualty$2,751.98
National General Assurance$863.50Metropolitan Property and Casualty$2,733.37
Owners$866.89Pharmacists Mutual$2,667.51
Horace Mann$898.52Electric$2,276.12
Nationwide Private Client$904.90Safeway$2,133.85
The Cincinnati$909.15Employers Mut Cas Co$2,107.18
Nationwide Mutual$923.95Safeco Insurance Company of America$1,979.75
IDS Property Casualty$925.55National Farmers Union Prop & Cas$1,851.67
Garrison Property and Casulty$950.27Arizona Auto$1,837.51
CSAA General$956.30360$1,799.90
Auto-Owners$960.90Loya$1,791.13
Nationwide Agribusiness$993.66Country Casualty$1,727.11
Farmers Insurance Exchange$1,032.77Amica Mutual$1,658.20
United Fire & Casualty$1,034.94American National General$1,638.35
Geico Casualty$1,058.89Encompass Indemnity$1,613.30
Colorado Farm Bureau Mutual$1,069.23Mendota$1,600.02
Grange Insurance Association$1,080.59Allstate Fire and Casualty$1,548.48

Largest Car Insurance Companies in Colorado

Insurance CompanyPremiums WrittenMarket Share
State Farm Group$906,91819.81%
USAA Group$467,07910.20%
GEICO$452,5859.89%
Progressive Group$440,2749.62%
Allstate Insurance Group$388,4458.49%
American Family Insurance Group$384,8928.41%
Farmers Insurance Group$330,4737.22%
Liberty Mutual Group$319,1666.97%
Travelers Group$129,1872.82%
Nationwide Corp Group$91,5472.00%

There are hundreds of licensed insurers to choose from in Colorado, 858 to be exact.

DomesticForeignTotal Number of Licensed Insurers
10848858

Comparing quotes will help you know where to get started. Once you find the company that offers the best rates to you, do some more research into their financial rating, customer satisfaction rating, and complaint ratios. Then, you can confidently choose your insurer.

Don’t stop now that you know how to choose an insurance company! Make sure your rates stay as low as possible by being a good driver. We’ll show you the laws you need to know to keep your driving record clean.

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Colorado Laws

It would take a long time to memorize every law in Colorado. It’s important to follow the laws, but it can be confusing. We’ll help clear the confusion by listing some of the driving laws most important to know.

Car Insurance Laws

Insurance companies in Colorado don’t have free reign to set rates however they want. Although they have leeway, they are governed.

Car Insurance Rate-setting Regulations

While rates are regulated by “open competition,” if the insurance commissioner decides the rates are excessive or could be harmful to the company’s solvency, the commissioner will regulate the rates.

High-risk Insurance

If your license has been revoked or suspended, you may need to file an SR-22 to have your licenses reinstated. The SR-22 form is available from your insurance company but it is not an insurance policy.

The form is just assurance that you will have car insurance coverage. If your policy is canceled, the form ensures the insurer will notify the DMV of insurance cancellation, at which point, your license will be suspended.

You can change insurance companies while you’re required to file an SR-22, but you must get a new SR-22 with the new company before the old one goes out of effect.

Your license may be suspended for any of the following:

  • A DUI conviction
  • Driving without insurance
  • Repeat traffic offenses

Windshield Coverage

Some insurance companies may offer windshield replacement with comprehensive coverage, but there are no laws requiring insurers to cover windows.

Automobile Insurance Fraud in Colorado

The insurance industry estimates that fraud accounts for 10 percent of its operating costs. Why does that matter? If 10 percent of an insurance company’s income goes to fraudulent activities, that essentially means 10 percent of your premiums are being thrown away.

If companies didn’t have to throw that money out, they could reduce your rates.

There are two classifications of fraud: hard and soft.

  • Hard Fraud – A purposefully fabricated claim or accident
  • Soft Fraud – A misrepresentation of information to the insurance company

Soft fraud is more common than hard fraud. Twenty to 40 percent of consumers admitted to lying to their insurer about one of the following:

  • Number of annual miles driven
  • Number of drivers in the household
  • How the vehicle would be used

Committing insurance fraud is a crime, even if you’re “just” telling a white lie to get a lower rate. If you suspect insurance fraud, you can fill out and turn in this form.

Misrepresentation to an insurance company is considered a misdemeanor and falsifying claims is a class 5 felony.

Colorado has employed an Insurance Fraud Unit to investigate fraudulent activity throughout the state. According to the Attorney General’s Office, The Unit also works closely with other agencies including the National Insurance Crime Bureau (NICB), Colorado Division of Insurance, FBI, and local police departments.

They are working to eliminate insurance fraud in the state.

Statute of Limitations

The length of time you have to make a claim in Colorado cannot exceed the state’s statute of limitations.

Property DamageBodily Injury
Three yearsThree years

The clock starts ticking on the day of the accident. Any lawsuit or claim about that accident will be dismissed if it’s made more than three years after that date.

In the case of an accident-related fatality, the statute of limitations is two years from the day of the death.

Vehicle Licensing Laws

These are important laws to get familiar with. Your car has to be registered and insured to go on the road. If not, you’ll pay.

Penalties for Driving Without Insurance

Colorado has a Motorist Insurance Information Database (MIIDB) program to which the police and DMV have access. Registration information is updated in the MIIDB daily and insurance information is updated weekly or more. The following table lists the penalties for driving without insurance in Colorado:

PenaltyFirst OffenseSecond Offense
Fine$500 minimum$1,000 minimum
PointsFourFour
License SuspensionUntil you show proof of insurance to the DMVFour months
Community ServicePossible up to 40 hoursPossible up to 40 hours

Proof of Insurance

The following forms of proof of insurance are accepted in Colorado

  • Electronic – picture of current insurance card or pdf file of coverage on a phone, tablet, or another electronic device
  • Insurance Card
  • Declaration Page
  • Letter/Binder – from the insurance company on their letterhead

Affidavit of Non-use

According to the Colorado DMV, “Colorado residents who wish to register vehicles that will not be operated for a period of time or are temporarily residing out of state with valid out of state insurance, may complete the Affidavit of Non-use and submit it to their county motor vehicle office.”

Teen Driver Laws

Since adopting Graduated Driver Licensing laws in 2002, teen motor vehicle fatalities have dropped 67 percent! Here are the restrictions and requirements parents and teens need to know.

RestrictionsLearner's PermitRestricted LicenseUnrestricted License
Age15 – if enrolled, attending, and participating in driver's ed
15 1/2 – if completed a four-hour driver-awareness course
16 – if none of above
If under 18, one year after obtaining learner's permit17 – if held restricted license 12 months
18 – otherwise
PassengersMust be supervised by a licensed parent/guardian or their licensed adult appointeeFirst six months – no passengers under 21
Second six months – limit of one passenger under 21
(exceptions: siblings, family emergencies)
No restrictions
HoursNo restrictionsFirst year – no driving between midnight and 5 a.m. (exceptions: presence of a parent/guardian, driving to and from school activities or work, family emergency, being an emancipated teen)No restrictions
Cell Phone UseForbiddenForbiddenForbidden if under 18
Pre-requisitesIf under 18, parent or guardian must sign an affidavit of liabilityCompletion of 50 hours supervised driving, 10 of which at nightIf under 18, holding a restricted license for one year

Older Driver License Renewal

Older drivers must get their licenses renewed every five years, which is the same requirement for the general population. The only difference is how they can renew. The exceptions to getting a license renewed in person are as follows:

  • General population – limited to two consecutive renewals online before having to go in person or every other renewal by mail
  • Over 66 years old – every other renewal may be by mail

New Resident Licensing

If you’ve recently moved to Colorado, you may be curious about when you’re required to get a Colorado license. The Colorado DMV website says you need a Colorado license within 30 days of residency. The residency requirements are as follows:

  • Own or operate a business in Colorado OR
  • Are gainfully employed in Colorado OR
  • Reside in Colorado for 90 consecutive days

Your valid driver license from your previous state of residence should be enough for you to not have to take a driving or written exam. When you go to the DMV to get a Colorado license, be prepared with the following documentation:

  • A valid driver license from the previous state of residence
  • Proof of your social security number
  • Two proofs of current Colorado address
  • Proof of lawful presence
  • Money for fees

After becoming a Colorado resident, you must register your vehicle within 90 days.

License Renewal

Driver licenses must be renewed every five years. You should not wait until your license expires.

Renewals may be completed online, in person, or by mail. There are restrictions on renewing online or by mail:

  • May renew by mail only every other renewal
  • Limited to two times in a row renewing online
  • Those 66 years and older are limited to renewing by mail every other renewal at most

Rules of the Road

Colorado is a fault state, so the person at fault in an accident is responsible to pay for damages done to the other party. A fault state is also known as a tort state.

Keep Right and Move Over Laws

When driving, you must keep right when traveling slower than the average speed of traffic around you. On roads with a speed limit over 65 mph, the left lane is reserved for passing.

When stationary vehicles with emergency lights are presents, drivers must vacate the lane nearest those vehicles if safe to do so, or they must slow down.

Speed Limits

Type of RoadwaySpeed Limit
Rural Interstates75 mph
Urban Interstates65 mph
Other Limited Access Roads65 mph
Other Roads65 mph

Seatbelt Laws

Colorado requires drivers and front seat passengers 16 years old and older to wear a seatbelt. A violation is a secondary offense. You can’t be pulled over for no seatbelt use alone. But you can be pulled over for another offense and ticketed for failure to wear a seatbelt. The minimum fine is $65.

For unbelted passengers under 16 years old, the offense is primary and you may be pulled over for that reason alone.

Riding in the cargo section of a pick-up truck is prohibited unless the cargo area is fully or partially enclosed on all four sides.

Car Seat Laws

Type of Car Seat RequiredAgeWeight
Rear-facing Child Safety SeatUnder 1 year oldUnder 40 pounds if under 1 year old
Under 20 pounds if over 1 year old
Forward-facing or Rear-facing Child Safety Seat1–4 years old20–40 pounds
Forward-facing Safety Seat, Booster Seat, or With Safety Belt-Positioning Device4–8 years oldOver 40 pounds
Seat Belt or Child Restraint SystemOver 8 years oldNo weight restrictions when over 8 years old

Child safety seat laws are primary and you can be pulled over for violating them. The table above lists Colorado’s car seat requirements. The penalty is a $65 fine and a six dollar surcharge.

Ridesharing

The following insurance companies offer coverage for ridesharing services:

  • Farmers
  • USAA
  • Geico
  • Allstate
  • SafeCo
  • State Farm
  • MetLife
  • American Family

The level of coverage available for ride-sharing varies. Some of these companies won’t provide coverage while a customer is in the car, others will with a surcharge, but none of these companies will drop you for offering ride-sharing services.

Colorado was the first to pass a regulatory bill for ridesharing companies in 2014. The bill requires ride-sharing companies to provide their drivers with insurance from app on to app off. Experts say this bill protects other consumers from rising insurance costs to subsidize ride-sharing insurance costs.

Automation on the Road

Red Light Cameras

IssueStatus
Statewide or localized?Statewide (requires local ordinance)
Violations?Red light
Who receives citation?Vehicle owner
Who is liable?Driver
What image is captured?Tag and driver
Penalty?$75, no points

Red light cameras are used in Colorado. The fine for a violation is $75 and there are no points added to your record. If you are stopped in person for a red light offense, the fine is $110 and four points are added to your license.

Speed Enforcement Cameras

Statewide or localized?Restricted to construction and school zones, residential areas, or adjacent to a municipal park; requires local ordinance and officer must be present
Violations?Speed
Citations issued to whom?Owner
Who is liable?Driver
What image is captured?Tag and Driver
Penalty?$40 maximum fine ($80 in school zones), no points, warning only for first violation within 10 mph of speed limit

Speed enforcement cameras are also used in Colorado. If you are stopped the traditional way, the fine is $151 and four points are added to your license.

Puffing Laws

When it’s cold outside and your vehicle has frost on the windshield, you may be tempted to start it and let it warm up while you go back inside. That’s called “puffing” and in Colorado puffing is illegal. The reasoning behind this law is to prevent vehicle theft.

The only exception is that you can use remote start if you have it because then your vehicle is locked and the keys aren’t in the ignition.

Safety Laws

Without a standard, each person would decide for himself or herself how to drive best. Sometimes they’d make good decisions, and sometimes not.

DUI Laws

The first three DUI offenses are classified as misdemeanors. The fourth and following offenses are class 4 felonies. There is no official lookback period, so any DUI, no matter how far in the past can be considered in your sentence.

Colorado has two levels of intoxicated driving offenses:

  • Driving Under the Influence (DUI) – Blood alcohol content 0.08 percent or higher
  • Driving While Ability Impaired (DWAI) – Blood alcohol content 0.05 percent to 0.07 percent

The penalties for driving under the influence in Colorado are below:

Penalty TypeFirst Driving While Ability
Impaired (DWAI)
First Driving Under the Influence (DUI)Second DUI or DWAIThird and Subsequent DUIs and DWAIs
Revoked LicenseEight points on licenseNine monthsOne yearTwo years
ImprisonmentTwo days to 180 daysFive days to one year10 days to one year60 days to one year
Fine$200–$500$600–$1000$600–$1500$600–$1500
Community Service24 to 48 hours24 to 48 hours48 to 120 hours48 to 120 hours

A law went into effect recently eliminating a loophole and mandating all persons with a felony DUI conviction to spend time behind bars.

Drug-impaired Driving Laws

Driving under the influence of drugs is illegal and is subject to the same penalties as driving under the influence of alcohol.

Distracted Driving Laws

Hand-held banNo
Young drivers all cellphone banUnder 18 years old
Texting banAll drivers
EnforcementPrimary

The table above outlines the cellphone and texting restrictions in Colorado. The penalties for using a handheld device illegally while driving are as follows:

Class of DriverFirst OffenseSecond and Subsequent Offenses
Minor Drivers (all cellphone use)Class A traffic infraction
One point on license
$50 fine
One point on license
$100 fine
Adult Drivers (text messaging)Class 2 misdemeanor traffic offense
Four points on license
$300 fine
Bodily injury or proximate cause of death to another, class 1 misdemeanor
Four points on license
$1000 fine and/or up to one year imprisonment

Points

The point system for minors under 18 years old using a handheld device while driving are as follows:

TimeframePoints requiring suspension
Within 12 months6
At any point before turning 187

The point system for 18 to 21 year olds using a handheld device while driving are as follows:
TimeframePoints requiring suspension
Within 12 months9
Within 24 months12
At any point between ages 18 and 2114

The point system for adults 21 and older using a handheld device while driving are as follows:
TimeframePoints requiring suspension<
Within 12 months12
Within 24 months18

Colorado Can’t-miss Facts

There are a lot of interesting facts about Colorado. We’re going to focus on some of the facts related to driving that are interesting and helpful to know.

You don’t want to miss what’s next: The hottest vehicles for thieves. Is your car on the list?

Vehicle Theft in Colorado

Even in the safest cities and states, you need to cautious of potential vehicle thefts. Vehicle thefts are rising in the state.

Top Make and Model for Theft

The table below shows the top 10 most stolen vehicles in Colorado.

RankMake/ModelYear of VehicleThefts
1Honda Civic19971380
2Honda Accord19971167
3Ford Pickup (Full Size)2005595
4Jeep Cherokee/Grand Cherokee1999594
5Chevrolet Pickup (Full Size)2000450
6Dodge Pickup (Full Size)2001308
7Subaru Legacy1996215
8Acura Integra1994208
9Toyota Camry1989203
10Toyota Corolla2014170

Vehicle Theft by City

Now, we’ll look at the top 10 Colorado cities by number of thefts:

CityNumber of Thefts
Arvada197
Aurora1,000
Colorado Springs1,928
Commerce City183
Denver3,487
Greeley186
Lakewood623
Pueblo528
Thornton352
Westminster322

Risky and Harmful Behavior

For your information, we’ve listed the statistics of driving-related fatalities below by county.

Read also about The penalties for a DUI conviction in Colorado.

Fatality Rates by County

County20132014201520162017
Adams3332446064
Arapahoe2130374645
Boulder1216192431
Denver4042525449
El Paso6353484877
Garfield7881021
Jefferson4342554841
Larimer2024334436
Pueblo1419122034
Weld3555555566

Fatality Rates Rural Versus Urban

Type of Roadway2008200920102011201220132014201520162017
Rural296252247227233244228260266277
Urban252213203220241238260285342369

Fatalities by Person Type

Person TypeVehicles Type20132014201520162017
OccupantsPassenger Car141176163187199
OccupantsLight Truck – Pickup7756776678
OccupantsLight Truck – Utility85708585104
OccupantsLight Truck – Van146212427
OccupantsLight Truck – Other00102
OccupantsLarge Truck1110131826
OccupantsBus00011
OccupantsTotal Occupants331319364383437
MotorcyclistsTotal Motorcycle8794106125103
NonoccupantsPedestrian5063597992
NonoccupantsBicyclist and Other Cyclist1210131616
NonoccupantsOther/Unknown Nonoccupants22550
NonoccupantsTotal Nonoccupants647577100108
Occupants, Motorcyclists, and NonoccupantsTotal Traffic-elated Fatalities482488547608648

Fatalities by Crash Type

Crash Type20132014201520162017
Total Fatalities (All Crashes)*482488547608648
(1) Single Vehicle284273305344335
(2) Involving a Large Truck5663648687
(3) Involving Speeding151168217211230
(4) Involving a Rollover197166195212228
(5) Involving a Roadway Departure287285304295330
(6) Involving an Intersection (or Intersection Related)118127153200190

(1) Crash Involved Only One Coded Vehicle
(2) Crash Involved at Least One Large Truck
(3) Crash Involved at Least One Vehicle Speeding
(4) Crash Involved at Least One Vehicle That Rolled Over
(5) Crash Involved at Least One Vehicle That Departed the Roadway (FHWA Definition)
(6) Crash Occurred Within an Intersection or Within the Approach to an Intersection
*A Fatality Can Be in More Than One Category. Therefore Sum of the Individual Cells Will Not Equal the Total Due to Double Counting

Fatalities Involving Speeding by County

County201520162017Three-year Total
Adams17192056
Arapahoe17191753
Denver28221565
Douglas48820
El Paso15222966
Garfield561021
Jefferson22201860
Larimer9151640
Pueblo441624
Weld25112056

Fatalities in Crashes Involving an Alcohol-impaired Driver by County (BAC 0.08 percent or greater)

County201520162017Three-year Total
Adams11151844
Arapahoe12131338
Boulder53412
Denver15182053
Douglas45312
El Paso17202461
Garfield37515
Jefferson1991341
Larimer8121131
Pueblo331016
Weld19131345

Teen Drinking and Driving

Unfortunately, Colorado ranks number seven nationally for under 18 drunk driving arrests.

DUI Arrests Under 18

Number of ArrestsArrests per One Million PeopleRank Nationally
217172.037

Under 21 Drinking and Driving Fatalities

Per every 100,000 people, Colorado experienced 1.2 alcohol-related fatalities for residents under 21 years old. Colorado ranks at exactly the U.S. average for deaths per capita in that age group.

EMS Response Time

Location of IncidentTime of Crash to EMS NotificationNotification to ArrivalArrival at Scene to Hospital ArrivalTime of Crash to Time of Hospital Arrival
Rural7.3312.0136.6848.96
Urban1.335.0922.2328.16

Transportation

How does the commute look for Colorado residents? How many own a car? How do they get to work? We’ll answer those questions next.

Car Ownership

In Colorado, 40.9 percent of households owned two cars in 2018. That’s slightly above the national average of 40.3 percent.

Commute Time

The average commute time lasted 23.7 minutes in 2018, which is slightly lower than the national average. A little more than 2 percent of workers have “super commutes,” which are 90 minutes or longer.

Commuter Transportation

Almost 75 percent of Coloradoans drive alone on their daily commute. Equal numbers of workers either carpooled or worked at home at 8.5 percent.

Top Cities for Traffic Congestion

CityHours Spent in TrafficPeak (Time in Traffic)Daytime (Time in Traffic)Overall (Time in Traffic)
Boulder2413%10%10%
Colorado Springs158%6%7%
Denver3613%7%8%
Greeley127%7%6%
Pueblo75%4%4%

Now, you have a great foundation for understanding what you need for insurance, what you can expect your rates to be, and how you can stay safe and obey the traffic laws.

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