Updated: November 18, 2024
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In Colorado, Auto-Owners takes the top spot for overall car insurance needs according to MoneyGeek, while Acuity scores highest for those requiring minimum coverage. For families with teen drivers, Auto-Owners is also especially favorable.
For budget-focused drivers, explore the cheapest car insurance in Colorado, courtesy of MoneyGeek's research.
Best Car InsuranceColoradoBest Car Insurance in Colorado
Why Trust MoneyGeek? We created an insurance scoring system for providers in Colorado based on customer satisfaction, claims experience, essential coverages, affordability and financial stability using six independent sources.
These recommendations were updated in March 2024 to reflect the current best car insurance options in Colorado.
American National P&C stands out as the top car insurance provider in Colorado, boasting a MoneyGeek score of 86. The span of scores among rated insurers ranges from 86 to 59, highlighting the diversity in insurance performance. This scoring reflects MoneyGeek’s baseline evaluation, with individual scores possibly varying by driver profile.
How does MoneyGeek score companies?
At MoneyGeek, our scoring system is designed to prioritize customer satisfaction and affordability, with significant emphasis also placed on claims handling and offered coverages. Our comprehensive evaluation ensures consumers have access to the most relevant information for insurance decisions.
Certain insurers such as Colorado Farm Bureau and Farmers Union Insurance did not receive a MoneyGeek score due to incomplete data, particularly in claims handling. Nevertheless, Colorado Farm Bureau demonstrated strong performance in affordability. It is important for consumers to be aware that while these insurers display proficiency in particular areas, the incomplete dataset affects their overall evaluation.
| American National P&C | 86 | $721 |
| Acuity | 84 | $1,415 |
| Auto-Owners Insurance Co | 83 | $1,092 |
| American Family | 78 | $1,237 |
| GEICO | 76 | $991 |
| State Farm | 76 | $1,214 |
| Progressive | 72 | $1,278 |
| Nationwide | 70 | $1,353 |
| Allstate | 66 | $1,443 |
| Farmers | 65 | $1,505 |
| Kemper | 59 | $1,695 |
| Colorado Farm Bureau | No Data | $743 |
| Farmers Union Insurance | No Data | $1,158 |
American National P&C is the best option in Colorado for drivers seeking the best full coverage car insurance. Two top providers in Colorado stand out with their impressive MoneyGeek scores:
American National P&C distinguishes itself not only by offering the most affordable premiums but also by maintaining a high customer satisfaction score. This combination ensures that policyholders receive exceptional value and service. In Colorado, there is a wide spectrum of insurance companies that provide varying levels of cost and customer experience. For those on a budget, MoneyGeek also provides insight into the cheapest full coverage car insurance available in Colorado, helping you make an informed choice without compromising on quality.
Ranks 2nd for customer satisfaction.
Ranks 1st for claims handling.
Ranks 1st for cost; average annual premium of $721 for full coverage.
Offers rare coverages like Antique/Classic Car Insurance and Spare Parts Coverage.
Does not offer Original Equipment Manufacturer (OEM) coverage.
American National P&C leads with an exceptional MoneyGeek score, largely driven by high marks in customer satisfaction and affordability. It shines with coverage options tailored for a variety of needs. Gap Insurance is especially valuable, ensuring customers are not left in a financial lurch if their car is totaled, bridging the difference between the vehicle's assessed worth and the balance of an auto loan. Antique/Classic Car Insurance is also a standout, providing custom-tailored protection for the unique needs of vintage car collectors. Spare Parts Coverage is another prudent choice, covering the cost of spare parts for enthusiasts and helping to maintain vehicle integrity and value.
These coverage options underscore American National P&C's adaptability to diverse insurance requirements, complemented by a high customer satisfaction score of 33 (out of 35) and affordability score of 30 (out of 30), demonstrating the company's commitment to excellence and customer value.
Acuity is the best option in Colorado for car insurance with a focus on customer service. Its top MoneyGeek scores highlight its commitment to providing an exceptional service experience for its policyholders.
Acuity stands out in Colorado for its exceptional customer satisfaction and claims handling, which are the biggest contributors to its high MoneyGeek score. Although Acuity has higher rates, you are paying for a more consistent service experience that gives you confidence in the support they offer when it counts.
Efficient and compassionate claims handling can make a substantial difference in the speed and satisfaction of post-accident resolutions, ensuring that customers feel valued and supported throughout their moments of need.
Ranks 1st for customer satisfaction.
Ranks 1st for claims handling.
Offers Full Glass Coverage and New Car Replacement.
Provides Roadside Assistance, Gap Insurance and Rental Car/Travel Reimbursement.
Acuity's high MoneyGeek Score is mainly due to its outstanding satisfaction and claims handling ratings. Acuity offers unique safety-oriented options such as Full Glass Coverage, which ensures all safety glass components can be repaired without out-of-pocket expenses, a reassuring feature for customers.
Additionally, its New Car Replacement offers users financial security with enhanced vehicle replacement conditions. Coverage Package, a bundled personal auto enhancement extends multiple protections, adding substantial value to the policy. With top-tier satisfaction and claims scores of 45 (out of 45) and 30 (out of 30), respectively, policyholders benefit from exceptional service quality and reliable coverage, affirming Acuity's high standing.
Acuity is the best option in Colorado for drivers seeking the most outstanding car insurance for minimum coverage.
Acuity stands out for its excellent combination of high satisfaction, affordability and claims handling scores, which are key contributors to its MoneyGeek score. This is particularly impressive when considering that Acuity offers policies for the minimum insurance required by law in Colorado at an annual cost of $594.
In Colorado, while it's possible to find cheaper car insurance for minimum coverage, be aware of the potential drawbacks. Opting for only the minimum required coverage can leave drivers insufficiently protected in the event of a serious accident, resulting in out-of-pocket expenses that far exceed the money saved on premiums. Hence, considering additional coverage could prove to be a wiser long-term financial move.
Offers common discounts such as bundling, multiple car and safe driving.
Ranks 1st for customer satisfaction.
Ranks 1st for claims handling.
Offers rare discounts like new customer and advanced safety features.
Ranks 9th for cost, average annual premium of $594 for minimum coverage.
Acuity's high MoneyGeek Score is driven chiefly by its top-notch customer satisfaction and excellent claims handling, each scoring a perfect 25 (out of 25) and 20 (out of 20), respectively. The average driver enjoys a modest annual premium at $594.
Acuity offers all of the most common discounts including Bundling, Good Student, Multiple Car and Safe Driving – a testament to its breadth of savings opportunities. Furthermore, customers can benefit from Pay In Full discounts, enticing those who can afford upfront payments with substantial savings. Similarly, those who drive vehicles equipped with Advanced Safety Features can enjoy additional cost reductions, incentivizing the adoption of safer driving technology.
The company's remarkable stability score of over 4 (out of 5) and an impressive coverage score of nearly 9 (out of 10) further cement its standing as a reliable and comprehensive insurer.
In Colorado, driver age significantly influences car insurance rates due to cost variability and age-specific coverages and discounts. MoneyGeek found that Auto-Owners is the top choice for teens with a score of 92 due to its blend of satisfaction (34), affordability (22) and a $2,211 annual premium. For young adults and seniors, American National P&C leads with scores of 86, offering high satisfaction (33) and the best affordability (30), with premiums at $892 and $706, respectively.
Best for teens: Auto-Owners
Best for seniors: American National P&C
Best for young adults: American National P&C
Auto-Owners is the best option in Colorado for teens seeking quality car insurance.
Auto-Owners distinguishes itself with high marks in satisfaction and claims handling, which are significant factors for customers seeking dependable service and support. Particularly for teen drivers in Colorado, Auto-Owners offers not only comprehensive coverage but also a high level of customer satisfaction, which is reflected in its superior MoneyGeek score. While the annual premium is $2,211, adding a teen to a family policy is a more cost-effective option than obtaining an individual policy for them, ensuring they benefit from cheap car insurance for a teen in Colorado.
The steep cost of adding a teen to a car insurance policy is partly due to their inexperience behind the wheel, which statistically leads to a higher risk of accidents. This is consistent across Colorado and other states. Insurers mitigate this risk by charging higher premiums for teen drivers, underlining the importance of researching the best options to find quality coverage that is also affordable.
Offers Good Student and Distant Student discounts.
Ranks 1st for claims handling.
Ranks 6th for cost; average annual premium is $2,211.
Lacks Driver's Education discount.
Auto-Owners stands out for its impeccable Coverage and Stability scores, both receiving a perfect 10 (out of 10) and 5 (out of 5), respectively. These top scores are pivotal to its exceptional MoneyGeek Score of 92.
Auto-Owners excels with rare coverages such as Diminished Value Coverage, which could offer financial protection beyond standard collision repair value if your car is involved in an accident. Additionally, Accident Forgiveness means rates won't spike after your first at-fault accident, providing peace of mind. While the company doesn't cater specifically to young drivers, its comprehensive coverages ensure reliable protection for drivers of all ages.
American National P&C is the best option in Colorado for seniors needing car insurance.
American National P&C stands out primarily due to its high satisfaction and affordability scores, which contribute significantly to its near-perfect MoneyGeek score. It is also the most economical, with an annual cost of $706 for a senior policy. For seniors looking for cheap car insurance in Colorado, a policy from American National P&C may be slightly more expensive than for individuals in younger demographics, but it offers considerable value for the price.
Car insurance for seniors does not always equate to higher costs than for middle-aged adults in Colorado and other states. Rates employed by MoneyGeek typically reflect prices for seniors in their early 60s. However, it is expected that premiums will generally increase for individuals in their seventies and eighties. If cost is the prime concern, explore cheap car insurance options for seniors in Colorado.
Offers both roadside assistance and rental car/travel reimbursement.
Ranks 2nd for non-claims customer satisfaction.
Ranks 1st for affordability, average annual premium of $706 for full coverage.
American National P&C excels in customer satisfaction and affordability, with scores of 33 (out of 35) and 30 (out of 30), respectively, driving its impressive overall MoneyGeek Score of 86. It doesn't offer a senior discount, but its competitive rate of $706 a year and extensive coverages provide value for customers across various demographics.
For seniors, American National P&C provides practical coverages that alleviate travel concerns. Roadside Assistance is available 24 hours, offering peace of mind for unexpected situations on the road. Additionally, should an accident occur, the Rental Car and/or Travel Reimbursement ensures that customers remain mobile and encounter minimal disruption to their plans. These services, combined with the company's high satisfaction and affordability scores, position American National as a top choice for policyholders seeking reliable and cost-effective insurance solutions.
American National P&C is the best option in Colorado for young adults seeking car insurance. With a comprehensive analysis focusing on drivers in their 20s, the spotlight is on these top providers:
American National P&C stands out for its exceptional balance between affordability and customer satisfaction. Key components contributing to its top MoneyGeek score include high ratings in claims handling and coverage options. Additionally, at an annual premium of $892, young adults can secure an economical policy despite knowing that cheap car insurance for a young adult in Colorado commands a higher price tag than more experienced drivers.
The cost of insuring young adults is relatively higher due to their inexperience behind the wheel, which statistically correlates with a higher likelihood of filing claims. Insurance companies in Colorado and beyond hedge against this risk by setting premiums accordingly for this demographic.
Ranks 2nd for customer satisfaction.
Ranks 1st for cost, average annual premium of $892 for full coverage.
Offers discounts for early signing, bundling and multiple car policies.
Does not offer Good Student, Distant Student and Driver's Education discounts
American National P&C secures a strong MoneyGeek score thanks largely to exceptional satisfaction (33 out of 35) and affordability (30 out of 30), indicating a balance of quality service and value. While the company does not offer Good Student, Distant Student and Driver's Education discounts, its strong performance in key categories effectively compensates for this absence. It does offer Rental Car and/or Travel Reimbursement and Roadside Assistance, enhancing its service offerings.
Those seeking comprehensive protection from American National P&C can benefit Antique/Classic Car Insurance, catering to the unique needs of vintage vehicle owners with tailored protection. Additionally, policyholders are supported by Spare Parts Coverage, underlining the insurer's emphasis on convenience for clients. Gap Insurance is also available, providing valuable financial protection against losses incurred when a vehicle is totaled and the payout is less than the remaining loan balance. American National P&C's commitment to a broad spectrum of policyholder needs is evident through these coverage options.
American National P&C is the best option in Colorado for drivers with driving offenses.
American National P&C stands out due to its combination of high satisfaction and affordability scores, making it a top pick for individuals requiring coverage in Colorado. The MoneyGeek analysis incorporates data from a mix of offenders, including those with speeding tickets, at-fault accidents and DUIs. Significant factors contributing to American National P&C's score were its satisfaction and affordability, ensuring drivers with offenses get valuable coverage at a competitive rate. With an annual cost of $958, drivers with offenses seeking cheap car insurance as a high risk driver in Colorado can find a more affordable option, though typically they may pay more than drivers without infractions.
Car insurance premiums tend to be higher in Colorado and other states after a ticket, at-fault accident or DUI due to the heightened risk that these drivers pose to insurers. Incidents on a driving record are predictive of potential future claims, thereby leading to increased insurance costs for affected drivers.
Ranks 2nd for customer satisfaction.
Ranks 2nd for claims handling.
Ranks 2nd for cost, average annual premium of $958 for full coverage with driving offenses.
Offers roadside assistance and rental car/travel reimbursement.
Lacks accident forgiveness and new/better car replacement.
American National P&C's MoneyGeek Score of 86 is underpinned by its exceptional satisfaction (33 out of 35) and strong affordability (30 out of 30), anchoring its industry-leading position. With an average annual premium of $958, it stands as an affordable choice for those with driving offenses.
American National P&C offers an array of coverages enhancing the driving experience, particularly benefitting those with a less-than-perfect driving record. Key coverages include Rental Car and/or Travel Reimbursement, which covers vehicle expenses when your car is unfit for driving after a covered accident. Furthermore, Roadside Assistance offers 24-hour help, promising peace of mind for unexpected incidents on the road.
The availability of practical coverages and attractive discounts like Bundling and Multiple Car signifies a tailored approach to meet diverse insurance needs. American National P&C exemplifies the blend of customer satisfaction, affordability and comprehensive coverage, thereby offering real value to consumers seeking a reliable insurance partner.
Farmers is the best option in Colorado for drivers with new cars:
Farmers distinguishes itself not only by its high MoneyGeek score but also because it provides important coverages for new drivers. MoneyGeek filtered out insurers that don't offer New Car Replacement and/or Better Car Replacement coverages, which are important for drivers with new cars.
Key factors influencing the MoneyGeek score include customer satisfaction with the claims process and cost-effectiveness. With Farmers' annual cost of $1,913, opting for an insurer that includes New or Better Car Replacement could offer substantial financial benefits in case of an accident. This is because such a policy compensates for a new vehicle rather than paying merely the depreciated value of the car.
Ranks 1st for claims handling.
Offers New Car Replacement coverage.
Ranks 3rd for customer satisfaction.
Farmers leads has a MoneyGeek Score of 92 due to its perfect scores in claims handling (20 out of 20) and coverage (10 out of 10) underscore its commitment to comprehensive policies and customer satisfaction, echoing the value it provides. The company's average annual premium is $1,913.
Farmers' New Car Replacement coverage is a boon for owners of new vehicles. In the event of a total loss within the first model year and a certain mileage limit, policyholders are not just compensated for the depreciated value, but they receive sufficient funds to purchase a brand-new car. This coverage helps mitigate the financial hit of depreciation that new car owners face, providing peace of mind and financial stability in the aftermath of an unexpected loss.
American National P&C is the best option in Colorado for car insurance for military members, rivaled closely by USAA.
Although USAA is a commendable option for military individuals, it was slightly outpaced by American National P&C because the MoneyGeek Score favor a synthesis of quality service and cost-efficiency.
American National P&C's $721 annual premium denotes significant value, making them an attractive option for those in search of the cheapest car insurance in Colorado for military drivers. This underscores the provider's adeptness at delivering quality service that acknowledges the financial concerns of military families.
Ranks 3rd for customer satisfaction.
Ranks 1st for affordability, average annual premium of $721 for full coverage.
Offers rental car/travel reimbursement and gap insurance.
American National P&C excels with strong performance in satisfaction (32 out of 35) and affordability (30 out of 30), pivotal components of its MoneyGeek Score of 85. With an average annual premium of $721, the company offers competitively priced insurance solutions.
American National P&C provides customers with a range of insurance coverages. For instance, Gap Insurance fills the financial gap between the actual cash value of a vehicle and the balance still owed on it if the vehicle is totaled, which can be incredibly valuable in the aftermath of an accident. The company also offers Antique/Classic Car Insurance, which is perfect for ensuring that treasured vintage cars get the specialized protection they deserve.
Additionally, Spare Parts Coverage is available for those who keep a stock of spare parts, safeguarding against losses in the often overlooked area of parts replacement. These coverages collectively bolster the coverage score to an impressive 9 (out of 10), indicating robust options for discerning drivers.
In Colorado, the premier car insurance providers excel by offering a blend of affordability, robust financial health and customer service excellence. MoneyGeek has rigorously evaluated these companies to aid you in your search. But if you decide to undertake this research independently, follow these steps to ensure you make an informed decision:
In Colorado, exceptional customer service is important for car insurers due to the state's diverse driving conditions and the need for reliable support in the event of a claim. Shoppers are advised to consult independent data providers such as JD Power and the NAIC for comprehensive insights into a company's service record. According to MoneyGeek's research, Acuity leads in customer satisfaction with a perfect score of 45 out of 45 and excels in claims handling with a full score of 30 out of 30, marking it as the top choice for service in Colorado.
Comparing car insurance quotes in Colorado can lead to significant savings without compromising on service quality. Drivers should conduct their own research, because the most affordable option can vary based on individual circumstances. MoneyGeek's analysis identifies Acuity as the best insurer for minimum coverage, offering an annual premium of $594, making it an attractive choice for cost-conscious consumers seeking reliable insurance.
Selecting the right coverages is a pivotal aspect of choosing a car insurer. Drivers should thoroughly research to ensure their chosen insurer provides coverages that align with their needs. In Colorado, American Family distinguishes itself by achieving a perfect coverage score of 10, indicating it offers all four key coverages: Rental Car and/or Travel Reimbursement, Roadside Assistance, Gap Insurance and Original Equipment Manufacturer coverage.
The financial stability of a car insurer is paramount, because it reflects the company's ability to pay out claims. Researching this metric is vital for peace of mind. In Colorado, Auto-Owners and State Farm both boast a perfect stability score of 5 out of 5, according to MoneyGeek, which corresponds to an A++ rating from A.M. Best. This denotes an exceptionally low risk of financial failure, ensuring that claims will be honored.
The best car insurance options for you largely depend on your specific needs and preferences. We’ve answered some of the most common questions to help you make the right purchase.
Acuity stands out as the best for cheap car insurance in Colorado, with an annual premium of just $594 for minimum coverage. The company's overall MoneyGeek score is 84. While minimum coverage policies are the most affordable, they may not provide comprehensive protection. It's advisable to compare rates to potentially find affordable full coverage options.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
