Colorado’s Cheapest Car Insurance: Cost and Providers (2022)

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*Our research team considers country factors when rating vendors. The ranking of providers in this table is specific to automobile insurance in Colorado.

#1 Geico: Editor’s Choice

JD Power Regional Assessment: 829/1000

AM Best Financial Strength Score: A++

Rating from the Better Business Bureau (BBB): A+

In our nationwide review of the best auto insurance companies, Geico ranks #1 for reputation, availability, coverage, cost, and customer experience. The auto insurance giant tends to offer some of the lowest average rates available in Colorado, especially for young drivers and drivers with poor credit.

Geico offers standard auto insurance policies as well as several add-on options, including emergency roadside service, rental reimbursement, and Mechanical Breakdown Insurance (MBI).

Keep reading: Geico Insurance Review

#2 State Farm: most popular supplier

JD Power Regional Assessment: 847/1000

AM Best financial strength rating: A++

BBB rating: A+

State Farm is the largest auto insurer in the country, according to the National Association of Insurance Commissioners (NAIC). The company is known for its high customer satisfaction rate and affordable price. State Farm offers a number of discounts for students and other young drivers.

Additionally, programs like Drive Safe & SaveMT and avoid The programs can help teen drivers and other high-risk drivers get cheaper coverage.

You can read more about the company in our State Farm Insurance Review.

#3 USAA: Low fares for the military

JD Power Regional Assessment: 863/1000

AM Best Financial Strength Score: A++

BBB rating: A+

USAA generally offers the cheapest auto insurance in Colorado for good drivers and drivers with a speeding ticket. However, the company’s insurance policies are only available to military members, veterans and their families.

In addition to affordable coverage and a wide range of discounts, USAA offers helpful add-ons such as Accident Forgiveness and Car Replacement Assistance.

Keep reading: USAA Insurance Review

#4 Progressive: Low rates for high-risk drivers

JD Power Regional Assessment: 835/1000

AM Best Financial Strength Score: A+

BBB rating: F

Progressive is a good option for drivers looking for usage-based insurance. The corporate snapshot® program customizes car insurance rates based on your actual driving, which means the duration and safety of your driving will impact what you pay. Most drivers receive an automatic insurance discount for their participation and receive a personalized rate upon renewal.

Progressive also offers popular additional coverage options such as loan/lease repayment – ​​essentially gap insurance – and deductible savings bank.

Our team contacted Progressive to comment on its low customer service scores and received no response.

Keep reading: Progressive insurance review

#5 Nationally: Best Usage-Based Insurance

JD Power Regional Assessment: N / A

AM Best Financial Strength Score: A+

BBB rating: A+

Nationwide tends to be one of the cheapest providers in Colorado, especially for people who have bad credit scores or recent accidents on their driving record. The company’s usage-based insurance, SmartMiles®, helps to stand out in the auto insurance industry. With the program, you pay a base rate and a mileage rate each month. This can be a good option for those who don’t commute or drive frequently.

Keep reading: National Insurance Examination

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