Best Cheap Auto Insurance in Denver, Colorado (2023)

Situated at the base of the Rocky Mountains, Denver, Colorado, has 300 days of sunshine each year, natural beauty, and sweeping mountain views. As the state capital, Denver is the most-populous city in Colorado, which could explain why Denver drivers pay an average auto insurance rate of $242 per month — $103 more than the national average. 

Some insurers, including State Farm and USAA, offer affordable policies without sacrificing quality or coverage. Keep in mind that the cheapest company for you may be different depending on your unique situation and insurance needs. 

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Best car insurance companies in Denver

If you’re in the market for car insurance in Denver, you have plenty of options. However, a few companies stand out thanks to their affordable rates, excellent customer service, and variety of coverage and discount options. Insurify considered those factors and each company’s Insurify Quality (IQ) scores to determine the best car insurance companies for Denver drivers.

Best insurer for cheap rates: State Farm

Best insurer for military members: USAA

Best insurer for discounts: American Family

Cheapest liability-only car insurance in Denver

If your goal is to find the cheapest car insurance, a liability insurance policy is generally the way to do so. Liability insurance pays for damage to other individuals and their property due to an accident you’ve caused.

It protects the other drivers, as well as your financial well-being. Nearly every state, including Colorado, requires all drivers to carry liability insurance at the very minimum.

The below rates are estimated rates current as of: Monday, September 18 at 12:00 PM PDT. 

Data reviewed by Konstantin Halachev

Konstantin HalachevVice President of Engineering

• 7+ years experience in data analysis

• Ph.D. in Computational Biology

Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.

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Insurance Company	Average Monthly Quote
State Farm	55
USAA	71
American Family	77
Sun Coast	77
GEICO	85
Allstate	86
Safeco	91
State Auto	96
Progressive	97
Auto-Owners	99
The General	102
Midvale Home & Auto	105
Foremost	107
Bristol West	115
Dairyland	116
Direct Auto	135
Nationwide	136
Travelers	140
Farmers	146
Liberty Mutual	162

Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

Cheapest full-coverage car insurance in Denver

If you’d prefer more robust insurance coverage, consider getting full-coverage insurance. This type of policy includes liability insurance along with other coverages that protect your own vehicle, including comprehensive coverage, collision coverage, and uninsured motorist coverage.

Not everyone needs full coverage, but you should have it if you can’t afford costly repairs to your vehicle — or to replace your vehicle altogether — after an accident.

The below rates are estimated rates current as of: Monday, September 18 at 12:00 PM PDT. 

Data reviewed by Konstantin Halachev

Konstantin HalachevVice President of Engineering

• 7+ years experience in data analysis

• Ph.D. in Computational Biology

Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.

Read Editorial Guidelines

View Full Bio

Insurance Company	Average Monthly Quote
State Farm	108
USAA	139
American Family	148
GEICO	165
Allstate	167
Nationwide	180
Safeco	184
Sun Coast	186
Progressive	189
Auto-Owners	192
Direct Auto	211
Midvale Home & Auto	211
Travelers	226
Liberty Mutual	245
Bristol West	253
Dairyland	280
Farmers	282
Foremost	284
The General	284
State Auto	303

Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

Car insurance requirements in Colorado

Like most other states, Colorado requires all drivers to carry liability insurance. Colorado is an at-fault insurance state, which means the driver at fault for an accident is financially responsible for any damages. Colorado’s minimum insurance limits, listed in the table below, are on par with most other states.^[1]

Colorado also has a stipulation that allows anyone with at least 25 registered vehicles to apply for a certificate of self-insurance. But this is mainly targeted at business owners, as few individuals will meet this requirement.^[2]

Colorado drivers also have access to several optional insurance coverages, including:

Uninsured/underinsured motorist coverage

This coverage pays for damage to your vehicle if you’re involved in an accident where the driver at fault doesn’t have sufficient insurance — or any insurance at all — to cover the damage.

Collision coverage

If you’re involved in any sort of collision with your vehicle, this coverage will pay for the damages, regardless of whether the collision is with another vehicle or something else.

Comprehensive coverage

If you damage your car in an incident other than an accident, your comprehensive coverage will pay for it. For example, it would cover damage from natural disasters, theft, falling objects, and more.

Medical payments coverage

Your bodily injury liability coverage pays for other people’s medical bills if you cause an accident. Medical payments coverage pays for your own medical bills, regardless of who caused the accident.^[3]

Cheapest car insurance for drivers with an incident

Your driving record is one of the most important factors that affect your insurance premiums.

“If you have a history of accidents or traffic violations, you are considered a higher-risk driver, and insurance companies will charge you more for coverage,” says John Espenschied, owner of Insurance Brokers Group in Missouri. “On the other hand, if you have a clean driving record, you are considered a lower-risk driver, and your premiums will be lower.”

Violations such as speeding tickets, driving under the influence, and at-fault accidents are all likely to increase your rates. The amount your rates increase will depend on the severity of the violation.

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Cheapest car insurance for drivers with a speeding ticket

A speeding ticket is one of the most common violations that can increase your insurance rates. The effect on your premiums will depend on several factors, including your driving record at the time of the ticket.

Someone with three speeding tickets will see a greater increase than someone with just one because they’re at a higher risk. Additionally, someone who got a ticket for driving 20 miles per hour over the speed limit might see their rates increase more than someone driving only 10 miles per hour over the limit, for example.

The below rates are estimated rates current as of: Monday, September 18 at 12:00 PM PDT. 

Data reviewed by Konstantin Halachev

Konstantin HalachevVice President of Engineering

• 7+ years experience in data analysis

• Ph.D. in Computational Biology

Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.

Read Editorial Guidelines

View Full Bio

Insurance Company	Average Quote: Full Coverage	Average Quote: Liability Only
State Farm	154	78
USAA	198	101
American Family	211	110
GEICO	235	121
Allstate	238	123
Nationwide	257	194
Safeco	262	130
Sun Coast	265	110
Progressive	270	138
Auto-Owners	274	141
Direct Auto	301	193
Midvale Home & Auto	301	150
Travelers	322	200
Liberty Mutual	349	231
Bristol West	361	164
Dairyland	399	165
Farmers	402	208
Foremost	405	153
The General	405	146
State Auto	432	137

Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

Cheapest car insurance for drivers with an at-fault accident

If you’re found to be at fault for an accident, you can expect your insurance premiums to increase unless you have accident forgiveness on your policy. The amount your premiums will rise depends on the severity and cost of the claim, as well as your existing driving record. 

Depending on the situation, your premiums could also increase after an accident that wasn’t your fault, but the increase likely wouldn’t be as significant.

The below rates are estimated rates current as of: Monday, September 18 at 12:00 PM PDT. 

Data reviewed by Konstantin Halachev

Konstantin HalachevVice President of Engineering

• 7+ years experience in data analysis

• Ph.D. in Computational Biology

Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.

Read Editorial Guidelines

View Full Bio

Insurance Company	Average Quote: Full Coverage	Average Quote: Liability Only
State Farm	143	73
USAA	184	94
American Family	196	102
GEICO	219	113
Allstate	222	114
Nationwide	239	180
Safeco	244	121
Sun Coast	247	102
Progressive	251	129
Auto-Owners	255	131
Direct Auto	280	179
Midvale Home & Auto	280	139
Travelers	300	186
Liberty Mutual	325	215
Bristol West	336	153
Dairyland	372	154
Farmers	374	194
Foremost	377	142
The General	377	135
State Auto	402	127

Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

Cheapest car insurance for drivers with a DUI

A DUI — or driving under the influence — is one of the more serious driving offenses. In fact, a DUI can result in being denied car insurance coverage altogether. And if you do find coverage, you’ll probably see a large spike in your insurance rates.^[4]

The average auto insurance premium roughly doubles when you compare the premiums of someone with a clean driving record to someone with a DUI, according to Insurify data.

The below rates are estimated rates current as of: Monday, September 18 at 12:00 PM PDT. 

Data reviewed by Konstantin Halachev

Konstantin HalachevVice President of Engineering

• 7+ years experience in data analysis

• Ph.D. in Computational Biology

Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.

Read Editorial Guidelines

View Full Bio

Insurance Company	Average Quote: Full Coverage	Average Quote: Liability Only
State Farm	165	84
USAA	212	108
American Family	226	118
GEICO	252	130
Allstate	255	131
Nationwide	275	208
Safeco	281	139
Sun Coast	284	118
Progressive	289	148
Auto-Owners	293	151
Direct Auto	322	206
Midvale Home & Auto	322	160
Travelers	345	214
Liberty Mutual	374	247
Bristol West	386	176
Dairyland	428	177
Farmers	431	223
Foremost	434	163
The General	434	156
State Auto	463	147

Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

Cheapest car insurance for seniors

Generally speaking, car insurance premiums tend to decrease as you age. The older you are, the more driving experience you have and the safer the driving decisions you likely make. However, this trend eventually reverses course. Once drivers reach their 70s, insurers consider them senior and riskier and increase insurance rates.

The below rates are estimated rates current as of: Monday, September 18 at 12:00 PM PDT. 

Data reviewed by Konstantin Halachev

Konstantin HalachevVice President of Engineering

• 7+ years experience in data analysis

• Ph.D. in Computational Biology

Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.

Read Editorial Guidelines

View Full Bio

Insurance Company	Average Quote: Full Coverage	Average Quote: Liability Only
State Farm	46	23
USAA	59	30
American Family	63	33
GEICO	70	36
Allstate	71	36
Nationwide	76	58
Safeco	78	39
Sun Coast	79	33
Progressive	80	41
Auto-Owners	81	42
Direct Auto	89	57
Midvale Home & Auto	89	45
Travelers	96	59
Liberty Mutual	104	69
Bristol West	107	49
Dairyland	119	49
Farmers	120	62
Foremost	120	45
The General	120	43
State Auto	129	41

Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

Cheapest car insurance for teens

Teen drivers pay the highest insurance premiums of any age group due to their lack of experience and propensity to engage in high-risk driving activities like speeding, distracted driving, and driving without a seat belt.^[5]

“Statistically, teens are more likely to get into accidents than older drivers, and insurance companies charge higher premiums to offset this risk,” says Espenschied. ”However, there are ways for teens to lower their insurance premiums, such as taking a driver’s education course and qualifying for good student discounts.”

Another way young drivers can save money on insurance is to stay on their parents’ policy. It’s far cheaper to add a teen to a responsible adult’s policy than for a teen to get their own policy.

The below rates are estimated rates current as of: Monday, September 18 at 12:00 PM PDT. 

Data reviewed by Konstantin Halachev

Konstantin HalachevVice President of Engineering

• 7+ years experience in data analysis

• Ph.D. in Computational Biology

Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.

Read Editorial Guidelines

View Full Bio

Insurance Company	Average Quote: Full Coverage	Average Quote: Liability Only
State Farm	198	101
USAA	254	130
American Family	271	141
GEICO	302	155
Allstate	305	157
Nationwide	329	249
Safeco	337	166
Sun Coast	340	141
Progressive	346	177
Auto-Owners	351	181
Direct Auto	386	247
Midvale Home & Auto	386	192
Travelers	413	256
Liberty Mutual	448	296
Bristol West	463	210
Dairyland	512	212
Farmers	516	267
Foremost	520	196
The General	520	187
State Auto	554	176

Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.

How to get the cheapest car insurance in Denver

When you’re shopping for car insurance in Denver, it’s natural to want to find the best price. Here are a few ways you can find cheaper car insurance rates:

• Comparison shop. The best way to find cheap car insurance is to get quotes from multiple insurance companies. You can get quotes directly from each insurer or use an insurance-comparison website.

• Save with discounts. Most insurance companies have a number of discounts available to drivers to help them save money on their policies. You can save by bundling your home and auto policies, paying your premium up front, having a safe vehicle, and more.

• Raise your credit score. Insurance companies in most states consider your credit score as a factor when setting insurance rates. Generally speaking, the better your credit score, the less you’ll pay for insurance.

• Revisit your policy. Take another look at your policy to see if you could adjust your coverage limits or raise your deductible. You want to make sure they’re still at a level that would be affordable if you’re in an accident, but adjusting them could lower your premiums.

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Denver car insurance quotes by credit tier

In most states, including Colorado, insurance companies can use your credit score as a factor when setting your insurance rates. Credit is often an indicator of risk, so if you have a good credit score, you’ll likely have low insurance rates.

“Studies have shown that people with lower credit scores are more likely to file insurance claims, and insurance companies charge higher premiums to offset this risk,” says Espenschied.

Is car insurance more expensive in Denver?

Drivers in Colorado pay insurance premiums slightly higher than the national average and more expensive than the majority of states, according to data from the National Association of Insurance Commissioners (NAIC).^[6]

Denver’s rates are slightly higher than the state average of $223. These higher rates could be a result of the city’s higher population and high rate of car thefts. In fact, Denver ranks second on the list of the cities with the most car thefts in the U.S.^[7]

More cities in Colorado

Denver’s auto insurance rates are higher than the state’s average. However, several cities throughout the state, including Aurora and Colorado Springs, have higher full-coverage auto rates than Denver. But other larger cities, like Boulder and Fort Collins, have cheaper insurance rates.

Denver car insurance FAQs