From Denver to Durango and every snow-covered peak between, Colorado's big cities, small towns, and mountain passes invite drivers to explore the Centennial State. To do so legally, though, you need car insurance.
How much is car insurance in Colorado?
According to MarketWatch, the average cost of "full coverage" Colorado auto policies is about $180 per month.* Policies with only the state-required minimum coverages and limits tend to be much less expensive, costing just under $50 monthly.* Your average monthly payment depends on several variables, such as:
Whether you carry “full coverage" or minimal coverage
The limits you choose
Your policy terms
How much you put toward your down payment
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Required Colorado auto insurance coverages
State minimums for bodily injury liability and property damage liability coverages are the lowest acceptable coverage limits you can carry to legally drive in the state.
Colorado's minimum car insurance coverage types and limits are:
Bodily injury liability insurance in Colorado
$25,000 for bodily injury liability or death of one person
$50,000 for bodily injury liability or death of two or more people
Property damage liability insurance in Colorado
$15,000 for property damage liability per accident
Optional car insurance coverages in Colorado
You can opt for additional protection by adding optional car insurance coverages to your policy. Here are a few we offer to Colorado drivers like you:
Uninsured motorist (UM)/Underinsured motorist (UIM) bodily injury
About 8% of American motorists* operate vehicles without insurance. While that figure may seem low, it means approximately one out of every twelve drivers you encounter on the road is uninsured. If you're in a crash with an uninsured driver, you might have to pay your own expenses. Uninsured motorist (UM) coverages can help bridge the gap between what insurance might cover and what you have to pay out-of-pocket.
Many drivers have just enough auto insurance coverage to drive legally in the state. While these drivers meet their state's requirements, state-mandated minimums are often insufficient to cover auto accident medical expenses—making these drivers “underinsured.” That's why adding underinsured motorist (UIM) bodily injury coverage to your policy can help.
Uninsured motorist (UM) property damage
You can add UM property damage liability coverage along with UM/UIM bodily injury. This coverage can help pay for your vehicle repairs when an uninsured driver damages it in an accident.
Comprehensive coverage
Comprehensive coverage can help protect you financially if your vehicle is damaged by something other than a collision, such as:
Falling objects
Fire
Natural disasters
Theft
Vandalism
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Medical payments
Injuries stemming from an auto accident can lead to medical bills that add up fast. If you and/or your passengers are injured in an accident, medical payments coverage can help pay for your necessary medical expenses—and, in a worst-case scenario, even funeral expenses.
Medical payments coverage applies regardless of who was at fault in the accident.
SR22 insurance in Colorado
If your Colorado driver’s license is suspended or revoked, you may have to file an SR22 form with your car insurance provider once your license is reinstated. An SR22 is a form that proves you meet your state’s car insurance coverage requirements—not a type of car insurance on its own.
Do I need a new SR22 if I switch car insurance providers?
If you cancel your insurance policy to switch to a new auto insurance company, your original car insurance company will alert the DMV that your old SR22 is no longer effective. You must file a new SR22 in Colorado with your new car insurance company, and then upload your new SR22 through the DMV portal.
If you don't do so in a timely fashion, your driver's license can be suspended or revoked. If your driving privileges are suspended or revoked, you'll need to contact the DMV and apply for reinstatement.
Car insurance discounts in Colorado
We believe in helping our customers get the most value out of their car insurance. As you customize your policy, look for car insurance discounts you could qualify for.
Discounts we offer in Colorado include:
Homeowners
Transfer from another provider
Multi-car policies
Quarterly payments
Policy paid-in-full
Advanced quote retrieval
Defensive driver class
Who has the cheapest car insurance in Colorado?
Determining the cheapest car insurance in Colorado is pretty subjective. After all, the average cost of a minimum coverage policy for you could be very different from another driver's minimum policy. That’s because rates may vary based on several factors, including your:
Insurance score
City of residence
Type of vehicle
Miles driven per day
Auto insurance company
Having car insurance coverage can help you stay legal behind the wheel in Colorado. It can also give you peace of mind knowing you're protected if you're involved in an accident. Start the free online quote process below or give us a call at 833-437-0583.
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Do you need more than Colorado car insurance?
These state resources can help you ensure you're set up to legally and safely drive in Colorado.
Colorado driver requirements and laws
To operate a vehicle in Colorado, you must:
Pass a driver skills test to prove your driving ability and understanding of Colorado road laws.
Possess the proper driving permit/license proving you can legally drive in the state.
Carry an active auto insurance policy that covers the Colorado minimum state insurance requirements.
Provide proof of auto insurance when you register your car.
If you're a new resident of Colorado, you must title your vehicle in Colorado. To obtain a title in the state, you must:
Disclose an accurate odometer reading
Possess a bill of sale for the vehicle
If you still have questions about driver requirements or the laws governing Colorado's roads, here are some informative links:
Colorado driver resources
Colorado Department of Transportation
The Colorado Department of Transportation offers a range of travel and safety resources.
Colorado Department of Motor Vehicles
On the Colorado Department of Motor Vehicles (DMV) site, you can renew your driver’s license, renew your vehicle registration, and more.
Colorado Division of Insurance
The Colorado Division of Insurance has valuable state-specific information on car insurance, renters and homeowners insurance, health insurance, and more.
*Data accuracy is subject to this article’s publication date.
