Cheap Car Insurance in Colorado
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Colorado Car Insurance Minimums
Colorado requires all drivers to carry minimum liability insurance. Here are the state-mandated minimums:
Bodily Injury (per person)
$25,000
Bodily Injury (per accident)
$50,000
Property Damage
$15,000
At-fault (tort) state.
Source: C.R.S. § 10-4-620 (liability limits 25/50/15); C.R.S. § 10-4-609 (UM/UIM); C.R.S. § 10-4-635 (medical payments), verified 2026-09-01.
What drives car insurance rates in Colorado
Average spend per insured vehicle, 2023
$1,453
Colorado drivers spent $1,453 per insured vehicle on liability, collision and comprehensive in 2023, against $1,282 nationally.
Claims paid per premium dollar, 2023
74.4¢
Auto insurers in Colorado paid 74.4 cents in claims for every premium dollar in 2023; the median state was 72 cents.
Traffic deaths per 100 million miles, 2024
1.25
Colorado recorded 689 traffic deaths in 2024, 1.25 per 100 million vehicle miles against 1.19 nationally. Injury claims follow crash severity.
Vehicle thefts per 100,000 residents, 2025
305
Colorado reported 18,337 motor vehicle thefts in 2025, 305 per 100,000 residents, from 490.6 the year before. Theft claims are paid under comprehensive coverage.
Natural-hazard loss rank
#25
FEMA ranks Colorado #25 of 51 for expected annual loss from natural hazards; flood accounts for 46% of that loss, and comprehensive coverage is what pays for flood damage.
- Average spend per insured vehicle, 2023: NAIC Auto Insurance Database Report, 2023 data
- Claims paid per premium dollar, 2023: NAIC Profitability by Line by State, 2023
- Traffic deaths per 100 million miles, 2024: NHTSA Fatality Analysis Reporting System, 2024
- Vehicle thefts per 100,000 residents, 2025: FBI Crime in the United States, 2025
- Natural-hazard loss rank: FEMA National Risk Index
Largest auto insurers in Colorado
The ten insurer groups that wrote the most auto premium in Colorado in 2025, with their share of the state total of $7.8 billion.
| # | Insurer group | Market share | Premiums written |
|---|---|---|---|
| 1 | State Farm Group | 23.07% | $1.8 billion |
| 2 | Progressive Group | 15.9% | $1.2 billion |
| 3 | United Services Automobile Association Group | 11.36% | $885 million |
| 4 | Allstate Insurance Group | 9.14% | $711 million |
| 5 | Berkshire Hathaway Group | 6.9% | $537 million |
| 6 | Farmers Insurance Group | 6.29% | $489 million |
| 7 | Liberty Mutual Group | 5.96% | $464 million |
| 8 | American Family Insurance Group | 4.38% | $341 million |
| 9 | Travelers Group | 3.15% | $245 million |
| 10 | Sentry Insurance Group | 2.31% | $180 million |
Source: NAIC Market Share Reports, 2025 data, direct premiums written by insurer group. GEICO writes inside Berkshire Hathaway Group. Ranking is market commentary; it says nothing about which carriers a quote comparison includes.
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