Car Insurance in Colorado
Figures updated
What Colorado drivers pay, the legal minimum and the cheapest insurers.
- $153.Average monthly cost for full coverage.
- 25/50/15.Lowest liability limits.
- 10th of 51.Most costly state (1st = highest).
Car insurance rates in Colorado
Full coverage costs the average Colorado driver $1,835 each year, or about $153 monthly. Policies that carry only the legal minimum average $831 each year. The amount is 14% higher than the yearly US average of $1,613.
| Coverage in Colorado | Per year | Per month |
|---|---|---|
| Liability | $831 | $69 |
| Collision | $483 | $40 |
| Comprehensive | $521 | $43 |
| Full coverage (all three) | $1,835 | $153 |
Source: NAIC 2024 Auto Insurance Database Average Premium Supplement (PDF).
The legal minimum for Colorado
At least 25/50/15 liability is required in Colorado. Each person hurt is covered up to $25,000, and everyone hurt in one crash up to $50,000. The $15,000 limit applies to damage to other people's property.
Colorado uses an at-fault system. If someone causes a crash, their liability cover pays.
Although uninsured motorist cover isn't required, insurers must offer it in most states.
Lowest-cost insurers in the Colorado rate guide
Single male, age 25, principal operator, under 10 miles to work one way, clean record, 15,000 mi/yr, 2019 Toyota Camry LE, 25/50/15 + comp/coll $1,000 ded. The state's comparison guide lists these as yearly premiums.
| Rank | Insurer | Per year | Per month |
|---|---|---|---|
| 1 | Tesla Property & Casualty, Inc. | $2,002 | $167 |
| 2 | Toggle Insurance Company | $2,520 | $210 |
| 3 | Horace Mann Insurance Company | $2,646 | $220 |
| 4 | Progressive | $2,680 | $223 |
| 5 | Integon National Insurance Company | $2,716 | $226 |
Source: Colorado Division of Insurance (DORA): Auto Insurance Premiums Report (Ins_Survey_Reports, AUTO).
How many drivers in Colorado have no insurance?
In 2023, about 20% of Colorado drivers had no car insurance, ranking 9th highest among the 51. If one of them hits you, uninsured motorist cover pays your bills.
Learn more about car insurance in Colorado
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