What is the best car insurance to have in Colorado?

What is the best car insurance to have in Colorado?

Best car insurance companies in Colorado

Car insurance company Bankrate Score J.D. Power customer satisfaction score
Geico 4.6 871/1,000
State Farm 4.4 881/1,000
Progressive 4.1 856/1,000
American Family 3.7 862/1,000

What is the average cost of auto insurance in Colorado?

Currently, car insurance rates in Colorado average $518 per year for minimum coverage and $2,016 per year for full coverage. This is slightly higher than the U.S. national average – $565 annually for minimum coverage and $1,674 annually for full.

Why is Colorado auto insurance so expensive?

Car insurance in Colorado is expensive because the state has several densely populated cities with more drivers and more accidents, which drives rates up. In Colorado, you can expect to pay approximately $1,696 per year for full coverage car insurance or $636 per year for minimum coverage.

How much is car insurance a month in Colorado?

In our research, we found that average car insurance cost in Colorado (CO) is $553 per year ($46 monthly) for a state minimum and $1,948 yearly ($162 monthly) for a full coverage policy.

Are car insurance rates high in Colorado?

On average, car insurance costs about $1,600 a year in Colorado. This can range from an average of $1,020 at Geico to about $2,535 at Progressive, according to our study. Compared to other states, our study found Colorado to be on the pricey side, with average rates that are 21% above the national average.

Is auto insurance expensive in Colorado?

How Much Does Car Insurance Cost in Colorado? Auto insurance is slightly more expensive than average in Colorado. The typical car insurance rate in Colorado is $1,435 per year — more than the national average by 0.6%. Your car insurance premiums are impacted by factors aside from the state in which you live.

Is auto insurance high in Colorado?

Auto insurance is slightly more expensive than average in Colorado. The typical car insurance rate in Colorado is $1,435 per year — more than the national average by 0.6%. Auto insurance premiums price based on a number of components, including your credit score, driving record, age, gender, and marital status.

Does Colorado car insurance cost more?

Car insurance in Colorado is more expensive than the national average, which is around $1,500 annually for full coverage and about $600 per year for minimum coverage. As the cost of providing insurance goes up, the premiums insurers charge also rise. All insured drivers share the increasing cost of insurance.

Why is Colorado so expensive?

Classic supply and demand models combined with the fact that there is a finite amount of land and builders can’t keep up have caused real estate prices to skyrocket. This population creates a housing shortage and drives prices up. This is the unfortunate side effect of Colorado’s great success.

Why is insurance so expensive?

Common causes of overly expensive insurance rates include your age, driving record, credit history, coverage options, what car you drive and where you live. Anything that insurers can link to an increased likelihood that you will be in an accident and file a claim will result in higher car insurance premiums.

Is Colorado a no fault state for auto insurance?

Colorado used to be a no-fault state, but since 2003, it is not any longer. Now, Colorado is an at-fault state. If you sustained injuries in a car accident, you must file a claim with the at-fault driver’s insurance.

Is auto insurance more expensive in Colorado?

Who has the best cheap car insurance in Colorado?

The Hartford generally has some of the cheapest car insurance rates in Colorado Springs at around $825 per year. Grange, USAA, Nationwide, and GEICO would also make the list of some of the cheapest Colorado Springs, CO auto insurance companies.

What company has the cheapest car insurance?

Full coverage of 100/300/100 with comprehensive and collision; $500 deductible. As you can see, among top insurers from whom rates were commissioned, Geico is the cheapest car insurance company in the nation’s capital and every state, except the following:

What is the average car insurance in Colorado?

Colorado’s annual premiums for auto insurance are on the higher side — on average $1,383 per year, compared to the nationwide average of $1,009. That said, how much you’ll pay can vary a lot depending on your car, your coverage, and your address. Use our tool to find your best rates: It pays to shop around.

Who has the cheapest full coverage auto insurance?

– Erie. Erie insurance is only available within Washington, D.C. – USAA. USAA limits its services to military members and their families but remains one of the most top-ranked insurance providers. – Amica. Amica ranks high amongst J.D. – Geico. GEICO insurance is a great pick for multi-faceted nationwide coverage. – Auto Owners. – Progressive. – State Farm.