Auto Insurance Quotes Colorado – From Colorado Springs to Grand Junction and Denver to Fort Collins, Colorado car insurance just got cheaper with Root. Download the root app, take a test drive and see what you can save on your car insurance rate. Good drivers can get quality auto insurance and save hundreds.
Traditional auto insurance companies base your rate on demographic data. This data includes your age, marital status and postal code. We know this is not the right way to provide car insurance. At Root, we base your car insurance quote primarily on how you drive, not who you are.
Auto Insurance Quotes Colorado
To legally operate a vehicle in Colorado, you must carry liability insurance and uninsured/underinsured motorist protection coverage. If you are found driving without it, you could face penalties.
Best Cheap Car Insurance For Those With A Bad Driving Record
You must also show proof of insurance if you are stopped by the police or involved in a car accident, or if you are registering your car for the first time or renewing your registration. Because Colorado accepts electronic proof of insurance, you’ll always have hassle-free, legal proof of coverage through the Root app on your phone.
You must carry liability coverage in Colorado. If you’re caught without it, you can get points on your license, a minimum fine of $500, a driver’s license suspension, and community service.
Liability coverage helps pay for property damage or bodily injury that occurs as a result of a car accident. It doesn’t cover damage to you or your family members (that’s medical payments or personal injury coverage) or your vehicle (but collision and comprehensive coverage does). These additional car insurance coverages can help you avoid serious expenses in the event of a major accident.
This insurance pays for damages, losses and injuries you suffer in the event of an accident caused by an uninsured driver. It also covers you in the event of an accident with an underinsured driver or a driver whose car insurance is insufficient to cover the damages.
Car Insurance Quotes Colorado: Finding The Best Coverage
You may be legally required to file an SR-22 form (also known as an SR22 insurance) from your insurance provider if your license has been suspended (or is at risk of suspension) or revoked.
SR-22 requirements vary based on the type of offense and number of offenses, and may be requested for a specific period of time. An SR-22 is not insurance; rather, it is a certificate presented by your insurance company that you maintain minimum liability insurance for a predetermined period of time.
If you do not maintain your Colorado auto insurance with a current SR-22, your driver’s license will be suspended. Basically, the insurance company notifies the DMV that you are not updating the SR-22 and the DMV fines you.
The average driver in Colorado pays $1,761  a year for their auto insurance, but many people pay much more, often to compensate for bad driving. Root does not insure high-risk drivers, so Root customers looking for Colorado car insurance can save up to $900 a year, all while enjoying fair and simple car insurance.
Cheapest Car Insurance In Colorado [october 2023]
Apples to Apples: When determining which auto insurance policy is right for you, make sure that the quotes you receive from each company include the same number of cars and drivers and the same levels of coverage. In other words, compare apples to apples to get a clear picture of your Colorado auto insurance premium.
Protect yourself: While each state has its own minimum required coverage, when it comes to protecting yourself, your passengers, and your vehicle, additional coverage can be worth higher monthly premiums. For example, snow and ice driving in Colorado can be dangerous. Drivers often need snow chains for safety. If you slide through an intersection and hit a sign, having the minimum state auto insurance required in Colorado won’t help pay for your car repairs, but collision coverage will.
When: There are certain times when it makes sense to switch car insurance companies: when you move, add or remove a car, or add or remove a driver. For what? These changes will affect your premium, so take the time to really consider your options and see if you can save money on Colorado car insurance. Securing the best coverage in Colorado without breaking the bank? Beem’s guide will help you make an informed decision.
Navigating the Colorado auto insurance landscape can be intimidating, with so many options. Our detailed guide to the cheapest car insurance in Colorado will answer all your questions.
What Is An Auto Insurance Quote?
Located in the heart of the American West, Colorado is a state of multifaceted beauty, from the Rocky Mountains to lush beaches. A hotbed of outdoor activities, Colorado offers its residents access to some of the nation’s most stunning natural scenery.
But whether they’re commuting through the bustling streets of Denver or traversing scenic byways, Colorado drivers share one common need: reliable auto insurance. Due to the diverse climatic conditions in the state, from sudden hail to snowy mountain roads, proper coverage becomes very important.
However, among all these considerations, there is one question on every driver’s mind: How to secure the best coverage without breaking the bank?
Here’s our detailed guide to the cheapest car insurance in Colorado, where we’ll provide the answers and make sure you’re well-equipped to make an informed decision. Beem offers a one-stop solution for all your car insurance needs, offering your preferred coverage options at the best rates.
How Much Does Car Insurance Cost? (2023 Rates)
Navigating the Colorado auto insurance landscape can be intimidating, with so many options. However, it is always a pleasant surprise to find not only comprehensive but also affordable insurance.
A recent analysis highlighted that American National is emerging as a low-cost pioneer in Colorado. On average, full coverage car insurance is competitively priced at $842 per year, which is around $70 per month.
This is below the national average for full coverage, which is $2,698 annually, or about $225 per month.
There is also the potential for even more savings if we shift our focus to minimum coverage requirements. The average cost of minimum coverage in Colorado is about $636 annually. However, American National continues to beat those numbers.
Cheap Car Insurance In Colorado (october 2023)
They offer as low as $165 a year for a 35-year-old driver with no driving record. This represents significant savings potential for responsible consumers willing to research and make informed choices.
To ensure accuracy and relevance, our dedicated editorial team has extensively researched Colorado auto insurance rates. Our research includes 19 notable car insurance rates, all for the 2020 Toyota Camry L model. By doing so, we aim to present a standardized assessment, facilitating better comparisons for our readers.
We consider different driver profiles, focusing on different age groups and different driving histories. This specific approach ensures that our findings will resonate, regardless of their age or past driving experience.
When discussing the concept of “minimum coverage,” we base our evaluations on rates that meet Colorado’s state-mandated insurance minimums. On the other hand, in order to be “full coverage”, we have carefully defined our parameters to provide comprehensive views. Below are the specific coverage limits we used:
Cheapest Car Insurance In Colorado: Cost And Providers (2023)
Insurance doesn’t mean you have to break the bank. There are several affordable options for residents to help drivers comply with regulations and protect their vehicles without straining the budget. We discuss the cheapest and most complete offers from different companies for different users.
Teen drivers face some of the biggest rewards. The reason is based on statistics: young drivers, due to their lack of experience, are considered a higher risk, which leads to increased insurance costs. This trend is also evident in Colorado.
For example, 17-year-old male drivers have an average annual premium of $6,319, while female drivers pay slightly less, averaging $5,653.
Among the many insurance providers in the state, there are significant differences in the rates offered for teenage drivers. For 17-year-old females, State Farm is the most budget-friendly option, with an average rate of $3,563. On the other hand, Geico offers the most favorable rate for 17-year-old males, averaging $3,907.
Home, Auto, Life, Farm And More
However, it is essential to consider the wider landscape of corporate rates. Allstate, for example, charges $5,904 for women and $6,524 for men. American Family Insurance rates are around $3,794 for women and $4,072 for men.
Farmers are at the lower end of the spectrum, with females at a remarkable $10,186 and males at $11,055. Geico, as mentioned, offers rates of $3,744 for women and $3,907 for men. The statewide figures are $4,813 for females and $5,691 for males.
Progressive costs $9,856 for women and a whopping $10,910 for men. State Farm, known for its good prices on women’s, costs about $4,524 for men. Finally, the US, often due to its competitive prices, offers $3,369 for women and $3,873 for men.