Colorado is a state with approximately 4.4 million licensed drivers in 2022, making it a significant and competitive market for insurance companies. To help Colorado drivers navigate their options and find the best and most affordable car insurance, the MarketWatch Guides team conducted extensive research to determine the top providers in the Centennial State. This article covers the top five recommended car insurance companies in Colorado, highlighting each company’s cost, coverage, and more.
Key Takeaways:
- The best car insurance in Colorado is USAA, known for its exceptional service to military members and their families. However, USAA is not available to everyone. Geico is a great alternative with competitive rates.
- All five recommended providers offer usage-based insurance programs, which help drivers save on premiums by monitoring and scoring their driving habits and awarding discounts.
- Exploring discounts, bundling policies, comparing quotes, and maintaining a clean driving record are effective ways to save on auto insurance in Colorado.
Best Car Insurance Companies in Colorado:
1. USAA: Best for Military Members
- Pros: Cheap rates, high customer satisfaction ratings
- Cons: Limited availability to military members and their families
- Coverage: Standard coverages plus optional add-ons like roadside assistance and rental reimbursement
- Reputation: Highly rated for customer satisfaction and financial strength
2. Geico: Best for Budget-Conscious Drivers
- Pros: Good ratings, low rates, high policy coverage limits
- Cons: Average customer satisfaction ratings
- Coverage: Standard coverages with optional add-ons and usage-based insurance discounts
- Reputation: Known for affordability and reliable service
3. Southern Farm Bureau: Best for Local Service
- Pros: Local agents, personalized service, deductible rewards program
- Cons: No online quoting platform
- Coverage: Standard coverages with optional add-ons like rental car coverage and roadside assistance
- Reputation: Strong commitment to customer service and financial stability
4. State Farm: Best Customer Experience
- Pros: A++ financial strength rating, good discount opportunities, usage-based insurance discounts
- Cons: Low BBB rating due to slow complaint response time
- Coverage: Standard coverages with optional add-ons and telematics programs
- Reputation: Highly rated for customer satisfaction and financial strength
5. American Family Insurance: Best for Family Policies
- Pros: Affordable policy choices, many add-on coverage options
- Cons: Mixed customer reviews
- Coverage: Standard coverages with optional add-ons and usage-based insurance programs
- Reputation: Reliable company with strong financial strength and customer satisfaction ratings
How to Get the Best Car Insurance in Colorado:
- Compare discounts offered by different providers
- Sign up for usage-based insurance programs to save on premiums
- Opt for minimum coverage if it fits your needs
- Maintain a clean driving record to avoid rate increases
- Keep your coverage active to prevent lapses
- Bundle policies with the same insurer for additional savings
Colorado Car Insurance Requirements:
- $25,000 bodily injury liability coverage per person
- $50,000 bodily injury liability coverage per accident
- $15,000 property damage liability coverage per accident
Average Cost of Car Insurance in Colorado:
- Minimum coverage: $47 monthly or $566 yearly on average
- Full coverage: $181 monthly or $2,173 yearly on average
Colorado Car Insurance Discounts:
- Multi-policy discount
- Good student discount
- Safe driver discount
- Automatic payments discount
- Continuous insurance discount
Best Colorado Car Insurance: The Bottom Line:
For the best car insurance in Colorado, consider USAA, Geico, Southern Farm Bureau, State Farm, and American Family Insurance. Each of these providers offers excellent coverage, competitive rates, and reliable customer service. Remember to compare quotes and coverage options to find the best fit for your car insurance needs.