One of the many components that determine the amount you pay each year for auto insurance is where your residence is. Areas with more people or more claims like Pueblo, Denver, and Security-Widefield will most likely have higher rates, whereas areas that tend to be more rural can boast about having cheaper rates.

The table below lists the most expensive cities in Colorado for good drivers to buy auto insurance in.

Colorado cities ranked by car insurance cost
Rank City Average Per Year
1 Pueblo $1,455
2 Aurora $1,417
3 Denver $1,383
4 Lakewood $1,378
5 Security-Widefield $1,343
6 Centennial $1,317
7 Commerce City $1,314
8 Thornton $1,307
9 Littleton $1,306
10 Northglenn $1,290
11 Brighton $1,285
12 Colorado Springs $1,277
13 Ken Caryl $1,274
14 Westminster $1,272
15 Arvada $1,269
16 Castle Rock $1,261
17 Parker $1,257
18 Highlands Ranch $1,229
19 Broomfield $1,203
20 Boulder $1,195
21 Longmont $1,179
22 Grand Junction $1,166
23 Greeley $1,122
24 Loveland $1,074
25 Fort Collins $1,056
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Price information shown is approximated as the specific geographic location can increase or decrease premiums considerably.

Deciphering which company offers the most affordable auto insurance rates for good drivers in Colorado takes a bit more effort than just getting one or two price quotes. Every car insurance company has a different formula to determine premium rates, so let's take a look at the most competitive auto insurance companies in Colorado.

It's a good idea to know that Colorado auto insurance rates are calculated based on many things which can substantially change the price you have to pay for coverage. Getting older, increasing deductibles, or having a fender bender may generate price changes resulting in some companies being cheaper than competitors.

Find the Cheapest Car Insurance for Good Drivers

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Cheapest Colorado auto insurance companies
Rank Company Cost Per Year
1 The Hartford $859
2 Grange $958
3 USAA $1,029
4 Nationwide $1,143
5 Auto-Owners $1,168
6 Travelers $1,183
7 GEICO $1,187
8 State Farm $1,222
9 American Family $1,262
10 Progressive $1,322
11 Amica $1,394
12 Allied $1,483
13 California Casualty $1,502
14 Farmers $1,613
15 Colorado Farm Bureau $1,640
16 MetLife $1,830
17 Allstate $2,015
18 Encompass $2,231
19 Safeco $2,522
20 Titan $2,657
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The Hartford may have some of the cheapest car insurance rates in Colorado at around $859 per year. Grange, USAA, Nationwide, and Auto-Owners also qualify as some of the more affordable Colorado car insurance companies.

As illustrated above, if you are currently insured with Nationwide and switched to The Hartford, you might achieve a yearly price reduction of upwards of $284. Customers with Auto-Owners might save as much as $309 a year, and Travelers customers might reduce rates by $324 a year.

Understand that those estimates are averaged across all insureds and vehicles and and are not calculated with a price decrease for good drivers. So the auto insurance company that fits your situation best may not even be in the list above. That emphasizes why you need to quote rates from as many companies as possible using your own specific driver and vehicle information.

The vehicle needing coverage is probably the biggest factor when comparing quotes for the best cheap car insurance for good drivers. Vehicles with higher performance characteristics, a lack of safety features, or high incidents of liability claims will cost much more to insure than safer models. The next table features auto insurance costs for the most affordable vehicles to insure.

Cheapest Vehicles to Insure for Good Drivers in Colorado
Make and Model Estimated Cost for Full Coverage
Ford Escape Limited 2WD $879
Ford Explorer XLT AWD $961
Chevrolet Malibu LS $1,013
Dodge Grand Caravan SXT $1,032
Honda CR-V LX 4WD $1,051
Chevrolet Impala LTZ $1,066
Toyota Corolla S $1,073
Toyota Camry SE $1,066
Jeep Wrangler Sahara 4WD 2-Dr $1,101
Nissan Rogue SL AWD $1,139
Hyundai Elantra SE Touring Station Wagon $1,143
Toyota RAV4 4WD $1,162
Toyota Prius $1,169
Toyota Tacoma 4WD $1,177
Ford F-350 Super Cab Harley Turbo Diesel 2WD $1,184
Honda Civic LX-S 4-Dr Sedan $1,202
Ford Focus SES 4-Dr Sedan $1,208
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Data rating is based on single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Table data does not factor in garaging location in Colorado which can raise or lower coverage prices substantially.

Looking at the numbers, models like the Ford Escape, Ford Explorer, and Chevrolet Malibu are going to be some of the most economical vehicles to insure for safe drivers.

Buying coverage from the right car insurance company is hard considering how many companies there are to choose from in Colorado. The company information displayed below could help you analyze which providers you want to consider to insure your vehicles. These rankings include the companies with a significant amount of written premium nationwide, so smaller companies will not be included in the list.

Top 10 Major Auto Insurance Providers in Colorado Ranked by Claims Service

  1. State Farm
  2. Esurance
  3. AAA Insurance
  4. Progressive
  5. Liberty Mutual
  6. GEICO
  7. Allstate
  8. Titan Insurance
  9. The Hartford
  10. The General

Top 10 Major Auto Insurance Providers Overall in Colorado

  1. USAA
  2. American Family
  3. State Farm
  4. The Hartford
  5. AAA Insurance
  6. GEICO
  7. The General
  8. Titan Insurance
  9. Progressive
  10. Allstate

Liability only or full coverage

Paying less for auto insurance should be important to the majority of vehicle owners, and an effective way to buy cheap insurance for good drivers in Colorado is to not buy full coverage. The example below shows the difference between car insurance rates with full physical damage coverage compared to only buying liability only. The data assumes no violations or accidents, $500 deductibles, marital status is single, and no other discounts are factored in.

Averaged out for all age groups, physical damage insurance costs $2,245 per year over and above liability coverage. Many drivers may wonder if paying for full coverage is worth it. There is no specific rule of when to drop physical damage coverage, but there is a guideline you can use. If the annual cost of your full coverage insurance is 10% or more of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.

There are some conditions where buying only liability insurance is not recommended. If you still have a lienholder on your title, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should not opt for liability only.

The example below shows how choosing a deductible can influence insurance premiums when researching cheap insurance for good drivers in Colorado. The data is based on a single male driver, comprehensive and collision coverage, and no policy discounts are applied.

The chart above illustrates that a 30-year-old driver could lower rates by $326 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $490 by choosing a $1,000 deductible. Young drivers, like the age 20 example, could shave $948 or more by choosing larger deductibles on their policy. When using a larger deductible, it is essential to have additional funds in a savings account to allow you to cover the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.