Insurance agent writing on clipboard after accident cars.

How Much is the Average Car Insurance Per Month in Colorado?

Colorado, known for its picturesque landscapes and outdoor adventures, is a popular destination for drivers. In this article, we will explore the average cost of car insurance per month in Colorado and discuss the factors that influence these rates. By understanding car insurance costs, you can make informed decisions and find the best policy for your needs.

Introduction to Car Insurance in Colorado

Colorado, like most states in the United States, requires drivers to carry a minimum amount of car insurance coverage. The minimum requirements in Colorado are:

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

These minimums are in place to protect drivers and ensure they have the financial means to cover damages and injuries caused in an accident.

Factors Affecting Car Insurance Rates in Colorado

There are several factors that insurance companies consider when determining your monthly car insurance premium in Colorado. Some of the key factors include:

  1. Age: Younger drivers, especially those under 25, tend to have higher insurance rates due to their inexperience and higher likelihood of being involved in an accident.
  2. Driving record: A clean driving record with no accidents or traffic violations can lead to lower insurance rates.
  3. Location: Urban areas with higher traffic and crime rates generally have higher insurance premiums.
  4. Vehicle make and model: Luxury, high-performance, and newer vehicles often have higher insurance rates due to the increased cost of repairs and replacement.
  5. Coverage levels: The more coverage you choose, the higher your insurance rates will be.
  6. Credit score: A good credit score can result in lower insurance premiums, as insurers see financially responsible individuals as less risky.

Average Monthly Car Insurance Rates in Colorado

As of 2021, the average monthly car insurance premium in Colorado was around $130. However, this figure can vary significantly depending on the factors mentioned above. For example, a young driver with a sports car living in a high-crime area could pay significantly more than an experienced driver with a family sedan living in a low-crime neighborhood.

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Reducing Your Car Insurance Premiums in Colorado

There are several ways you can work on reducing your car insurance premiums in Colorado:

  1. Shop around: Compare quotes from multiple insurance providers to find the best rates and coverage for your needs.
  2. Bundle policies: Combining your car insurance with other policies, such as homeowners or renters insurance, can result in discounts.
  3. Raise your deductible: A higher deductible can lower your monthly premium, but remember that you’ll have to pay more out-of-pocket in case of an accident.
  4. Drive safely: Keeping a clean driving record can lead to lower insurance rates over time.
  5. Take advantage of discounts: Many insurance companies offer discounts for things like good grades, defensive driving courses, and low annual mileage.

Shopping for Car Insurance in Colorado

When shopping for car insurance in Colorado, it’s essential to compare not only the rates but also the coverage and customer service. Look for reviews and ratings from customers to get an idea of their experiences with the company.

Additionally, consider working with an independent insurance agent who can help you navigate the process and find the best policy for your needs.


In conclusion, the average car insurance premium per month in Colorado can vary significantly depending on various factors. By understanding these factors and taking proactive steps to reduce your premiums, you can find a policy that suits your needs and budget. Remember to shop around, compare quotes, and consider customer reviews to make an informed decision about your car insurance coverage in Colorado.

Read More: How much does car insurance cost in Denver?

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