best-car-insurance-in-colorado

Colorado’s breathtaking landscapes make it arduous to keep away from rubbernecking behind the wheel. So, earlier than you find yourself in a fender bender, it’s good to discover the perfect automobile insurance coverage in Colorado. From 2013 to 2017, visitors accidents rose practically 10% within the Centennial State, based on a 2019 Colorado Department of Transportation report. Finding the finest auto insurance coverage in Colorado isn’t troublesome and we’ve narrowed the sphere for you. When reviewing automobile insurance coverage corporations, The Simple Dollar makes use of the SimpleRating methodology, evaluating elements most essential to customers, like coverages, buyer satisfaction, accessibility, reductions and assist. 

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The finest auto insurance coverage corporations in Colorado 

  • Best for One-Stop Shopping: State Farm
  • Best for Military Members
  • Best Optional Coverages: American Family
  • Best Discounts: Allstate
  • Best Pay-per-Mile Program: Progressive

Minimum vs. full protection automobile insurance coverage quotes in Colorado 

Company Average Price for State Minimum Average Price for Full Coverage
State Farm $848.57 $2,799.53
USAA $578.64 $2,206.98
American Family $1,053.04 $2,812.29
Allstate $862.73 $2,427.80
Progressive $1,304.97 $4,010.79

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Best for one-stop purchasing – State Farm

State Farm operates from coast to coast, offering a veritable buffet of economic merchandise.

SimpleRating

4.6 / 5.0

SimpleRating State Farm 4.6

If you’re like most customers, you want extra than simply auto insurance coverage. State Farm delivers with insurance coverage to your boat, condominium, manufactured house, motorbike, motorhome, off-road automobile, pet, rental property and small enterprise. If you buy automobile insurance coverage and a rental, house, life or renters insurance coverage coverage, it can save you as much as 17% in your auto coverage. And, if you happen to purchase State Farm automobile insurance coverage for a couple of automobile, you might qualify for as much as a 20% low cost.

Best for army members – USAA

USAA serves the U.S. army neighborhood with a great deal of automobile insurance coverage reductions that deserve saluting.

USAA solely presents its services and products to U.S. Military members, pre-commissioned officers, veterans and their youngsters and spouses. The service meets the particular wants of army households by providing as much as a 15% low cost on complete protection once you storage your car on base and as much as a 60% low cost for automobiles saved whereas on deployment. USAA presents a wealth of protection to guard your house, leisure automobiles and small enterprise, whereas additionally offering a full line of banking, funding and retirement merchandise.

Best optionally available coverages – American Family

American Family presents all the usual coverages you want, plus some spectacular optionally available coverages.

SimpleRating

4.6 / 5.0

SimpleRating American Family 4.6

American Family pulls forward of the pack with optionally available coverages that some suppliers don’t supply. Following a lined loss, OEM protection, accessible for cars below seven years outdated, pays to revive your automobile utilizing real manufacture’s components as a substitute of aftermarket elements. American Family additionally presents mortgage/lease hole protection for brand new automobiles and emergency roadside help protection, which covers a bunch of breakdown bills, like battery jumps, fuel supply, locksmith service, roadside repairs and towing.

Best reductions – Allstate

Hold on to extra of your hard-earned money by making the most of Allstate’s low cost packages.

Allstate gives unbelievable automobile insurance coverage coverages and extends an spectacular collection of reductions to scale back your premium. You can save simply by shopping for a brand new car and qualify for even higher financial savings in case your journey is provided with anti-lock brakes and anti-theft units. Allstate rewards good college students with a reduction and provides their dad and mom a break once they join computerized funds, purchase a number of insurance policies and at all times pay their premium on time.

Best pay-per-mile program – Progressive

Progressive’s Snapshot program helps you avoid wasting dough once you drive safely.

SimpleRating

4.2 / 5.0

SimpleRating Progressive 4.2

Snapshot, Progressive’s usage-based insurance coverage program, extends a reduction to policyholders who keep good driving habits. To take part in Snapshot, you will need to obtain an app to your cell system. The app displays your braking and acceleration, mileage, telephone use once you’re behind the wheel and the time of day you drive. It additionally information your journey particulars, which you’ll be able to overview after finishing a drive. Progressive boasts that Snapshot members earn a median signup low cost of $37 and save a median of $145 on their auto insurance coverage premiums.

Choosing your Colorado automobile insurance coverage supplier

Finding reasonably priced insurance coverage is essential, but additionally contemplate every firm’s monetary power and customer support observe file. AM Best is a superb supply for researching an insurer’s monetary stability and J.D. Power is a wonderful useful resource to discover service rankings and rankings. Always search for a Colorado automobile insurer that may present the perfect mixture of coverages, worth and repair. When you store for auto insurance coverage, get a number of quotes from native and nationwide suppliers.

Local service

Pros 

  • Personal contact
  • Regional experience

Cons 

  • Often fewer insurance coverage merchandise
  • Limited service space

National service

Pros

  • More services and products
  • Wider number of optionally available coverages
  • Better know-how

Cons

  • Less private
  • Some suppliers don’t have native places of work

Colorado’s minimal automobile insurance coverage necessities

Colorado regulation requires all car house owners to hold:

  • $25,000 in bodily harm protection for the accidents or dying of 1 particular person in a single accident.
  • $50,000 in bodily harm protection for the accidents or deaths of a couple of particular person in a single accident.
  • $15,000 in property injury legal responsibility protection.

Bear in thoughts that the state solely units minimal protection necessities. It’s finest to buy a coverage with larger limits to scale back your monetary danger. Consider this, based on the U.S. Centers for Medicare and Medicaid Service, mending a damaged leg can value $7,500 and a three-day hospital keep can lead to a $30,000 invoice. And the typical value of a brand new mid-size automobile runs round $25,000, based on Kelley Blue Book. If you solely carry the state required minimal coverages, you can find yourself paying 1000’s of {dollars} from your individual pocket if you happen to’re at fault for an accident.

How a lot does automobile insurance coverage value in Colorado?

In 2017, Americans paid a median automobile insurance coverage premium of $1,005, based on the Insurance Information Institute. The identical 12 months, Coloradans paid a median of $1,050, rating fifteenth most costly state for automobile insurance coverage within the nation. On common, Colorado motorists paid round $640 for legal responsibility protection, $326 for collision and $228 for complete.

[ More: The Best Home and Auto Insurance Bundles ]

But common charges don’t paint an correct image of what you’ll pay for auto insurance coverage. Insurers set charges primarily based on a number of elements, together with your age, credit standing, driving file and placement. Your annual mileage, the form of automobile you drive and the categories and ranges of protection you buy additionally play a major position within the premium you’ll pay. When searching for a specific make and mannequin of car, it’s a good suggestion to get a couple of insurance coverage quotes earlier than making a purchase order.

Colorado automobile insurance coverage FAQs

Yes. State regulation requires all drivers to hold minimal ranges of bodily harm and property injury legal responsibility coverages. If you financial an car, your lender would require you to buy collision and complete protection, too.

In Colorado, driving with out insurance coverage is a category I misdemeanor, punishable by a minimal nice of $500, for the primary offense. For subsequent offenses, the court docket can impose a nice of $1,000 or extra, and attainable imprisonment.

Among our prime picks, USAA presents essentially the most reasonably priced automobile insurance coverage. State Farm has the second lowest charges for state required coverages and Allstate presents the second lowest charges for full protection. Keep in thoughts that the premiums we publish right here don’t mirror the worth you’ll pay for auto insurance coverage. When searching for the perfect auto insurance coverage in Colorado, request quotes from a number of insurers to get essentially the most correct fee.

Too lengthy, didn’t learn?

Colorado requires all drivers to hold minimal ranges of bodily harm and property injury legal responsibility insurance coverage. But don’t fear, as a result of Colorado motorists get pleasure from reasonably priced insurance coverage charges, just a bit above the nationwide common. Providers supply the identical commonplace coverages, however reductions, optionally available coverages and product traces fluctuate amongst carriers.

We welcome your suggestions on this text and would love to listen to about your expertise with the insurers we advocate. Contact us at inquiries@thesimpledollar.com with feedback or questions.

Last editorial replace – 12/14/2020, up to date editorial shopping for information and added new suggestions.

The SimpleRating makes it simple to match services and products featured right here on The Simple Dollar in a clear, open and trustworthy means. We fee these services and products utilizing 5 elements and common them to calculate a single SimpleRating. For auto insurance coverage, we examine:

  • Discounts
  • Coverage choices
  • Support
  • Customer satisfaction
  • Accessibility

You can learn extra about every issue and the main points of every rating in our auto insurance coverage methodology. Use our rankings and editorial suggestions as you store for the perfect auto insurance coverage that matches your protection wants.

Car insurance coverage charges:  We used insurance coverage charges from Quadrant Information Services. This contains analyzing 1000’s of charges from all 50 states that had been publicly sourced from 2019 insurer filings. Rates are primarily based on a 30-year-old male or feminine that had a clear driving file. Full Coverage premiums assumed a $500 collision and complete deductible, and we checked out those that had each good and poor credit score. These charges ought to be used to tell your automobile insurance coverage purchasing course of, however your individual quote might differ.

Why do some manufacturers have totally different SimpleScores on totally different pages?

To make sure the SimpleRating is as useful and correct as attainable, we developed distinctive standards for each class we examine at The Simple Dollar. Since most manufacturers supply quite a lot of monetary options, their services and products will rating otherwise relying on what we’re scoring on a given web page.

However, it’s additionally attainable for a similar product from the identical model to have a number of SimpleScores. For occasion, if we examine State Farm’s house insurance coverage based on our standards for the perfect house insurance coverage, it scores a 3.8 out of 5. But after we examine State Farm based on the factors for the perfect auto insurance coverage, it scores larger, because the options the corporate presents can fluctuate by the kind of insurance coverage.

Discounts

We seemed on the variety of reductions every firm presents — extra reductions imply the next rating.

Coverage Options

We awarded larger scores to the businesses which have essentially the most protection choices.

Support

We awarded larger scores to lenders with essentially the most channels for buyer assist.

Customer Satisfaction

We leveraged the J.D. Power 2019 Auto Insurance Satisfaction Study℠ to see how clients rated their expertise with every firm. (If an organization wasn’t included in J.D. Power’s research, we skipped this side and averaged the 4 remaining side scores.)

Accessibility

We seemed on the degree of accessibility of every firm –– the extra sources they’ve the upper their rating.