Are you trying to find one of the best automobile insurance coverage in Colorado? We perceive that it could really feel overwhelming, so we’re right here to assist.
An ideal insurance coverage firm ought to provide worth and deal with claims rapidly – so you possibly can spend your time having fun with life in Colorado. To get one of the best automobile insurance coverage charges in Colorado, begin by getting matched to one of the best worth suppliers. Merely enter your zip code into the shape beneath to get began.
On this article:
Least expensive Automotive Insurance coverage In Colorado
In accordance with our fee estimates for full protection insurance coverage, USAA is the most cost effective supplier in Colorado. A 35-year-old driver with a very good driving historical past might pay about $1,070 yearly with the corporate. Geico, Nationwide, and Progressive are additionally low cost choices for the state.
| Automotive Insurance coverage Supplier | Common Annual Value Estimate |
|---|---|
| USAA | $1,070 |
| Geico | $1,198 |
| Nationwide | $1,324 |
| Progressive | $1,426 |
| Vacationers | $1,504 |
| Auto-Homeowners | $1,806 |
| American Household Insurance coverage | $2,034 |
In accordance with the Nationwide Affiliation of Insurance coverage Commissioners (NAIC), Colorado automobile insurance coverage charges in 2018 averaged $1,133 per yr. That was a bit greater than the nationwide common of $1,057, which positioned Colorado within the fifteenth spot out of all the U.S. states for vehicle insurance coverage.
Right here’s a breakdown of the protection prices for automobile insurance coverage in Colorado that yr:
| Kind of Protection | Common Annual Expenditure in 2017 |
|---|---|
| Legal responsibility protection | $687 |
| Collision protection | $331 |
| Complete protection | $272 |
| Complete price | $1,133 |
*Most drivers carry legal responsibility protection however not essentially different varieties of auto insurance coverage. Complete common annual expenditure measures what Colorado drivers truly spent on auto insurance coverage in 2018.
Youthful drivers usually tend to get into an accident, in order that they pay extra for insurance coverage. In Colorado, a 24-year-old might pay 30 % greater than a 35-year-old, in response to our fee estimates.
| Age | Colorado Annual Automotive Insurance coverage |
|---|---|
| 24 | $2,198 |
| 35 | $1,688 |
In Colorado, males pay $23 extra per yr for full protection automobile insurance coverage than ladies on common.
| Gender | Colorado Annual Automotive Insurance coverage |
|---|---|
| Feminine | $1,676 |
| Male | $1,699 |
Colorado permits automobile insurance coverage firms to make use of credit score stories to set charges. A driver with honest credit score might pay 20 % extra, whereas a driver with poor credit score might pay 70 % extra for automobile insurance coverage.
| Credit score Score | Colorado Annual Automotive Insurance coverage |
|---|---|
| Good | $1,688 |
| Truthful | $2,016 |
| Poor | $2,862 |
In accordance with our fee estimates, a rushing ticket can increase your charges by 21 %, whereas being at fault in an accident can increase them by 48 %.
| Driving Report | Colorado Annual Automotive Insurance coverage |
|---|---|
| Clear | $1,688 |
| Rushing Ticket | $2,045 |
| At-Fault Accident | $2,500 |
| DUI | $2,591 |
5 Greatest Automotive Insurance coverage Corporations In Colorado
You’ve got choices for automobile insurance coverage in Colorado. In actual fact, you could really feel like you may have too many choices. To assist prevent effort and time, we now have discovered the highest 5 selections for automobile insurance coverage suppliers in Colorado. All of them carried out nicely in our analysis of one of the best automobile insurance coverage firms, the place we ranked suppliers on the next:
- Monetary power
- Availability
- Customer support
- Value
- Protection
- Know-how
Total, we predict Geico is the only option for Colorado automobile insurance coverage due to its repute for fast claims and low common price.
*Not all suppliers have been included in our fee estimates in every state.
In case you’re searching for good automobile insurance coverage charges in Colorado, Geico is a good place to start out. The corporate tends to be an reasonably priced possibility for a lot of Coloradans, together with drivers who’ve had tickets up to now.
The corporate wrote over $33 billion in premiums in 2020, in response to the NAIC. It has an A++ monetary power score from AM Greatest, and it has an A+ score from the Higher Enterprise Bureau (BBB).
Along with normal coverages, which we are going to talk about beneath, Geico presents an additional possibility referred to as mechanical breakdown insurance coverage that’s much like an prolonged guarantee. It applies to new or almost-new vehicles and covers repairs for mechanical gadgets, minus exclusions.
One draw back is that the method of getting a quote and shopping for Colorado automobile insurance coverage from Geico doesn’t stand out from the group. It carried out beneath the {industry} common on the J.D. Energy 2021 U.S. Insurance coverage Purchasing Research℠.
| Execs | Cons |
|---|---|
| A+ score from the BBB and A++ monetary power score from AM Greatest | Common quotes expertise |
| Many selections for protection | Utilization-based app not accessible in all states |
| Excessive degree of buyer satisfaction | |
| Accessible in 50 states |
To study extra concerning the automobile insurance coverage supplier, take a look at our Geico auto insurance coverage evaluate.
It’s at all times a good suggestion to have a look at multiple firm when searching for automobile insurance coverage in Colorado. After Geico, State Farm auto insurance coverage is a good selection. State Farm is the most important automobile insurance coverage supplier within the U.S. and the most important insurer in Colorado, in response to the NAIC.
The corporate retains prospects’ budgets in thoughts – it minimize charges by 4.7 % in March 2018 and three.7 % in March 2019. In a state the place charges have been on the rise, that may assist many individuals save on their insurance coverage.
State Farm carried out above common on the J.D. Energy 2020 U.S. Claims Satisfaction Research℠, and the corporate has an A+ score from the BBB. State Farm’s cellular app has a 4.7-star score on Google Play and 4.8 on the App Retailer. Its different apps – Drive Secure & Save and Steer Clear, each of which offer reductions – even have related rankings from hundreds of State Farm buyer evaluations.
Along with a variety of normal protection choices, State Farm can present protection for journey bills associated to accidents, rideshare drivers, and roadside help. Relying in your scenario, you may discover an awesome fee on Colorado automobile insurance coverage by State Farm.
| Execs | Cons |
|---|---|
| Largest auto insurer within the nation | Reported errors with autopay |
| Intensive choice of reductions for teenagers and college students | Not taking new prospects in Massachusetts or Rhode Island |
| Optimistic buyer evaluations and straightforward quote course of | Greater charges than some rivals |
| Accessible in 48 states | |
| Superior monetary power score and A+ score from the BBB |
To study extra concerning the auto insurance coverage supplier, take a look at our State Farm auto insurance coverage evaluate.
Progressive presents a number of the finest automobile insurance coverage for Colorado drivers who’ve a noticed driving historical past together with DUIs or different reckless driving conduct. Progressive presents industry-exclusive instruments and reductions that may assist drivers lower your expenses on automobile insurance coverage in Colorado.
Together with normal varieties of automobile insurance coverage, you may get the next coverages:
- Roadside help: Contains lockout companies, gasoline supply, flat-tire modifications, and towing
- Mortgage/lease payoff: Covers the distinction between your totaled automobile’s market worth and the quantity you may have left in your mortgage
- Rental automobile reimbursement: Covers as much as $50 per day for rental automobile reimbursement in case your automobile is within the store in a single day for a coated restore
- Customized components and gear protection: Covers the price of changing aftermarket equipment after sustaining harm in a coated incident
- Rideshare protection: Covers Uber and Lyft drivers
Progressive additionally presents spectacular reductions that give the corporate a leg-up on rivals, such because the Title Your Worth® instrument and the Snapshot® program that assist prospects lower your expenses:
- Title Your Worth: If you’re getting a Progressive quote on-line, enter the quantity you need to pay and get matched with Progressive automobile insurance coverage that suit your price range.
- Snapshot: As soon as you are a buyer, you possibly can obtain this app in your telephone to observe secure driving habits that would qualify you for reductions.
| Execs | Cons |
|---|---|
| Straightforward quotes course of | Common claims course of |
| Superior monetary power score and A score from the BBB | Blended customer support evaluations |
| Nice selection for high-risk drivers | Greater charges than some rivals |
| A number of money-saving options |
Progressive additionally has reductions for good college students, army personnel, and secure drivers. To study extra about this auto insurance coverage supplier, learn our Progressive auto insurance coverage evaluate.
Allstate offers nice native brokers for automobile insurance coverage in Colorado. The supplier has been in enterprise since 1931, and it has earned a powerful {industry} standing with an A+ score from the BBB and a monetary power score of an A+ from AM Greatest.
Some standout protection choices from Allstate embrace:
- Private umbrella insurance coverage: Covers the price of repairs after at-fault claims that exceed your coverage’s legal responsibility limits
- Rideshare insurance coverage: Greatest for drivers who need protection whereas driving for a rideshare service like Uber or Lyft
- Mexico journey insurance coverage: Covers you whereas driving in Mexico
- Drivewise®: A usage-based secure driving app that grants you as much as 15 % off for working towards good driving habits
| Execs | Cons |
|---|---|
Works by a community of native brokers in all 50 states | Costly |
Superior monetary power score and an A+ score from the BBB | Blended customer support evaluations |
Mileage-based low cost program accessible |
|
If Allstate automobile insurance coverage pursuits you, learn extra about protection in our Allstate auto insurance coverage evaluate.
Esurance is owned by Allstate however has utterly separate auto insurance coverage protection and reductions. The insurer has a powerful repute with an A- score from the BBB and an A+ from AM Greatest for monetary power.
Esurance additionally presents reductions that would assist Colorado drivers lower your expenses on automobile insurance coverage, together with:
- Quick 5 low cost: Save 5 % in your first time period of protection for beginning a web based quote within the automobile insurance coverage shopping for course of.
- DriveSense: Esurance’s app qualifies prospects for secure driving reductions.
- Fuelcaster: Get assist discovering low cost fuel in your location.
- Protection counselor: Full a brief survey to find out which Esurance auto insurance coverage would finest suit your wants earlier than you get a quote.
- Esurance cellular app: File claims, handle the automobiles in your coverage, view your insurance coverage card, and extra with the app.
- E-Star: E-star services mark 1,400 restore retailers throughout the Esurance community. In case you select certainly one of these for repairs, repairs are assured for the time you personal the automobile.
| Execs | Cons |
|---|---|
Superior monetary power score from AM Greatest | Excessive charges |
A number of apps and on-line instruments to entry your account | Clients can not meet with brokers in-person |
| Blended customer support evaluations |
To search out out extra about this supplier’s protection, learn our full Esurance auto insurance coverage evaluate.
If you’re prepared to check a number of auto insurance coverage quotes to seek out one of the best Colorado automobile insurance coverage for you, enter your zip code within the instrument beneath.
What Is The Minimal Required Colorado Automotive Insurance coverage?
Each state has monetary duty legal guidelines that dictate what sort of insurance coverage is obligatory. Most states solely require legal responsibility insurance coverage – this kind covers bodily harm and property harm for different folks in accidents that you simply trigger.
Within the case of Colorado, you might be required to hold this minimal insurance coverage protection:
- $25,000 bodily harm legal responsibility per individual
- $50,000 bodily harm legal responsibility per accident
- $15,000 property harm legal responsibility per accident
You’ll see these limits written as 25/50/15 when searching for auto insurance coverage in Colorado. Since these are legal responsibility protection, they apply to different folks in accidents you trigger. It’d sound like $25,000 is an efficient quantity of bodily insurance coverage protection, however it could truly disappear fairly rapidly. Bodily harm protection pays for one more get together’s medical payments, misplaced wages, ache and struggling, and funeral prices. It will possibly additionally pay for authorized charges if somebody sues you due to an accident.
In accordance with the Insurance coverage Info Institute, the common bodily insurance coverage declare in 2018 was $15,785. Some states solely require $15,000 in protection, however the Colorado automobile insurance coverage minimal provides you a bit extra room. Nonetheless, that’s simply the common. In case you occur to trigger a extra critical accident, you might need to pay nicely past that quantity. Sadly, your insurance coverage firm gained’t cowl any greater than your coverage limits enable, and also you’ll must pay for the surplus legal responsibility.
MedPay: Colorado Automotive Insurance coverage State Suggestion
Even when you choose the minimal necessities for protection when searching for automobile insurance coverage in Colorado, you’ll discover that medical funds protection (MedPay) is included routinely. MedPay covers your personal medical prices regardless of who precipitated the accident. Colorado auto insurance coverage rules require carriers to supply $5,000 in MedPay while you request a quote. If you wish to go with out MedPay protection, it’s important to decline it in writing.
Nicely, it began with Colorado Senate Invoice 08-011 which was handed in 2008. At the moment, the legislature noticed an issue with the Colorado automobile insurance coverage system. Trauma well being suppliers handled automobile crash victims instantly however then needed to wait many months to obtain compensation. Compensation could be paid out when the declare was settled, however it may take months and even years for that to occur.
Due to the 2008 invoice, most Coloradans have a minimum of $5,000 in MedPay. The coverage solely provides a couple of {dollars} to a month-to-month fee, however it has helped the trauma care system immensely. It will also be a lifeline for individuals who don’t have medical health insurance since they’ll get remedy instantly.
One other good factor about MedPay is that it doesn’t carry a deductible. Individuals who have medical health insurance may even use MedPay to pay their medical health insurance deductible to keep away from out-of-pocket prices after an accident. MedPay in Colorado additionally applies to anybody who’s in your automobile on the time of the accident, whether or not they have a coverage with MedPay or not.
Lastly, medical health insurance firms have a proper to reimbursement while you settle a bodily harm declare. For instance, let’s say you have been the sufferer in an accident and wanted $10,000 in medical care. You filed a declare with the opposite driver’s insurance coverage firm and needed to wait two years for settlement, however your personal medical health insurance firm paid to your care within the brief time period. After your declare was settled, your medical health insurance firm then required you to pay again the $10,000 you obtained for remedy.
Nonetheless, medical health insurance firms can’t request reimbursement from MedPay claims. So, within the situation above, let’s say you utilize $5,000 from MedPay and $5,000 out of your well being insurer. In that case, you’d nonetheless get a $10,000 settlement, however you’d solely must pay again $5,000 to your medical health insurance firm.
Different Colorado Automotive Insurance coverage Coverages
Beneath are a couple of extra frequent varieties of automobile insurance coverage in Colorado. These choices are past the state minimal protection necessities, however it may be a good suggestion to have them.
- Collision: This pays for repairs to your automobile from harm attributable to an accident. It will possibly apply no matter who’s at fault. If you weren’t at fault in an accident, your Colorado automobile insurance coverage firm will search reimbursement from the at-fault get together.
- Complete automobile insurance coverage: This protection pays for repairs not associated to an accident. It covers hearth harm, flood, vandalism, and hail, for instance. Complete protection additionally carries a deductible. The time period “full protection” often means the mixture of legal responsibility, collision, and complete protection.
- Underinsured motorist/uninsured motorist (UIM/UM): This protection protects you from accidents attributable to somebody with out sufficient insurance coverage or none in any respect. Whereas UM/UIM technically is available in bodily harm and property harm varieties, you possibly can solely get bodily harm UM/UIM below auto insurance coverage in Colorado. That’s as a result of your property harm legal responsibility additionally covers UM/UIM claims in Colorado.
- Private harm safety (PIP): This selection covers medical payments regardless of who’s at fault. Nonetheless, it could additionally cowl misplaced wages, demise advantages, and childcare prices after an accident, which MedPay doesn’t cowl. PIP often has a deductible, as nicely. PIP isn’t as frequent in Colorado right this moment because it was earlier than 2003 – that’s when Colorado switched from a no-fault system to a fault-based system.
Some Colorado auto insurance coverage firms might provide additional choices like:
- Hole protection: In case your automobile is totaled, this feature covers the distinction between your automobile’s present worth and the quantity you may have left to pay in your mortgage.
- Roadside help plans: Many Colorado auto insurance coverage firms can present help with towing, jump-starts, spare set up, and extra.
- Accident forgiveness insurance coverage: With this feature, your common charges gained’t go up due to one accident. Relying on the corporate, you should buy this protection or you possibly can obtain it as a reward for a number of claim-free years.
- Rental reimbursement: This pays towards a rental automobile whereas your motorized vehicle is within the store after a coated restore. Insurance coverage firms in Colorado can require you to have collision or complete protection to get this feature.
Ultimate Ideas On Automotive Insurance coverage In Colorado
Finally, the extent of protection you select comes all the way down to what you might be most snug with, and the supplier you choose ought to be the one which’s finest to your particular person wants. We suggest getting automobile insurance coverage quotes from a number of completely different firms when searching for Colorado auto insurance coverage.
Enter your zip code within the instrument beneath to gather and evaluate automobile insurance coverage quotes from suppliers accessible in your state:
Methodology
In an effort to supply correct and unbiased info to customers, our skilled evaluate group collects knowledge from dozens of auto insurance coverage suppliers to formulate rankings of one of the best insurers. Corporations obtain a rating in every of the next classes, in addition to an total weighted rating out of 5.0 stars.
- Trade Standing: Insurers with robust monetary rankings and customer-first enterprise practices obtain the very best scores on this class.
- Availability: We think about availability by state in addition to exclusions for particular teams of drivers.
- Protection: This score relies on varieties of insurance coverage accessible, most protection limits, and add-on insurance policies.
- Value and Reductions: Our analysis group evaluations auto insurance coverage fee estimates generated by Quadrant Info Companies for quite a lot of drivers in each state. Corporations with decrease costs and plenty of automobile insurance coverage low cost alternatives obtain one of the best scores.
- Buyer Service: We comb by buyer evaluations and shopper suggestions research from consultants like J.D. Energy.
- Know-how: Auto insurers with cellular apps, superior on-line companies and telematics usually tend to meet shopper wants.
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