Non-Owner Car Insurance in Colorado

Colorado has seven insurers that offer non-owner car insurance, with American National providing the cheapest non-owner policy at $38 per month. That's a savings of $46 compared to the most expensive option, making it worth your time to shop around. 

You'll need to call insurers directly since online quote tools aren't available for non-owner coverage, and not all major carriers provide this type of policy.

Traditional car insurance costs more because it includes comprehensive and collision coverage for your vehicle, while non-owner insurance is one of the more affordable types of car insurance since it's liability-only. 

Non-owner policies meet Colorado's minimum requirements by covering property damage and injuries you cause to others. You'll pay less, but you won't have protection for damage to your own vehicle.

The seven insurers in MoneyGeek's comparison average $61 a month for non-owner car insurance. Colorado's overall average is $78 a month ($938 annually). Comparing quotes from multiple providers is the most reliable way to find savings within that range.

Personal characteristics and coverage choices shape non-owner car insurance rates in Colorado more than state laws do.

• Choice of insurer: Rates vary between companies. American National offers the most affordable option at $38 monthly, while Auto-Owners charges $84 for similar coverage. Shopping around can save you significant money.

• Driver age and experience: Age impacts your premiums across all insurance types. In Colorado, seniors pay the least at $60 monthly, young drivers pay $62, and adults face the highest rates at $73 per month.

• Driving history: Your record directly affects what you'll pay. Clean driving keeps costs down, but an accident raises your monthly premium to $81, and a DUI pushes it to $84 per month.

• Coverage limits: Higher liability limits increase your costs. Basic minimum coverage runs $78 monthly, while full coverage with higher limits jumps to $118 per month.

If you rent cars frequently, borrow vehicles from friends or need to file an SR-22 without owning a car, non-owner car insurance might be what you're looking for. Non-owner car insurance provides liability coverage for individuals who drive but don't own a vehicle. This type of policy meets Colorado's minimum liability requirements of $25,000 for bodily injury per person, $50,000 per accident, and $15,000 for property damage.

The policy doesn't cover damage to the vehicle you're driving, which is an important limitation to understand. It covers liability for injuries and damages you cause to others when you're behind the wheel. When borrowing a car, non-owner insurance provides liability coverage for you as the driver. When renting a car, though, non-owner insurance may not cover rental vehicles, so you might need additional coverage from the rental company.

Non-owner car insurance is a legitimate product that's fully recognized in Colorado. This type of coverage meets the state's financial responsibility requirements for drivers who don't own a vehicle and can fulfill SR-22 requirements when the state mandates them. 

Getting non-owner coverage means you'll need to call insurance companies directly or work with an agent. Online quotes aren't available for these specialized policies, so you won't see this option on insurer websites. MoneyGeek found average rates and phone numbers for insurers who offer policies in Colorado.

Non-owner insurance works for Colorado drivers who don't own vehicles but frequently rent or borrow cars, need continuous coverage, or must meet license reinstatement requirements.

• Regular car rentals: Rental companies charge daily liability fees that accumulate fast. A non-owner policy covers all rentals consistently and costs less than paying per-day rental insurance for frequent renters.
• Frequent vehicle borrowing: When you borrow friends' or family members' cars regularly, their insurance pays if you cause an accident, but their rates go up. A non-owner policy pays claims first, keeping their premiums intact.
• License reinstatement: Colorado requires proof of insurance to reinstate a suspended license. A non-owner policy satisfies that requirement even without a vehicle.
• Continuous coverage: Gaps in your insurance history push future rates up. A non-owner policy keeps that history clean so you don't pay a penalty when you eventually buy a car.

A non-owner policy isn't appropriate for those who:

• Own a vehicle because a standard auto policy is required
• Borrow cars only occasionally because the ongoing cost isn't justified
• Have access to a household vehicle's insurance because getting added to that policy is more practical
• Need coverage for a single trip because rental company insurance handles one-off situations

For the full process, read MoneyGeek's guide on how to get car insurance without a car.

Not sure non-owner coverage is right for you? Start with the [cheapest car insurance in Colorado] to see if a standard policy saves you more.

Here are answers to common questions about non-owner insurance in Colorado:

MoneyGeek gathered Colorado auto insurance rates from the Colorado Division of Insurance and Quadrant Information Services, analyzing 240 quotes from seven providers.

Coverage Levels

Rates were evaluated at minimum coverage levels. Colorado's minimums are:

• $25,000 bodily injury liability per person
• $50,000 bodily injury liability per accident
• $15,000 property damage liability per accident

Driver Profile

Quotes are based on a standardized profile:

• 40-year-old man
• Clean driving record
• Good credit history

Learn more about MoneyGeek's car insurance methodology.