What to Know about Car Insurance

in Colorado

Laws & Facts about Car Insurance in Colorado

All drivers in Colorado are required to have car insurance. In 2003, the state changed from a “no-fault” to a tort system. This means the driver that caused the accident is required to cover the associated costs. This change resulted in lower costs for car insurance, and made it so that the only portion of your car insurance that is required by the state is liability coverage; all other available coverage is optional.

More Colorado car insurance facts

  • CO drivers collect about $330 million in insurance claims/year.
  • There are about 27,000 collisions per year in Colorado.
  • Approximately 3,700 of these collisions result in injuries.
  • The average bodily injury claim is $16,640.

What is the Average Cost of Car Insurance in Colorado?

On average, Americans pay $1,311 a year for their car insurance. In Colorado, the average cost is slightly higher at $1,351. Every insurance company calculates rates in a different way, so comparing quotes can save you lots of money. Insurance agents can help you find the policy that offers all the coverage you want at the most competitive price.

Average Cost of Car Insurance Per Year in CO Compared to Surrounding States

car insurance graph

Why Choose an Independent Insurance Agent?

• Independent agents work for you not an insurance company
• Local agents understand the needs of people in your community
• Independent agents do the comparison-shopping legwork for you

Find an independent agent in Colorado 

My auto insurance was too expensive, so I looked for a different one. I heard from a friend that TrustedChoice was a good way to go. Their website worked well and the agent they matched me with found a better deal on an insurance company than the one I had in no time.

five stars Jeffrey of Littleton, CO Consumer Affairs

What Does a Car Insurance Policy Cover in Colorado?

A basic minimum-coverage policy in Colorado will provide liability insurance to cover third-party damage if you are responsible for a collision. Your policy must include property liability coverage of at least $15,000, and bodily injury liability coverage of at least $25,000 per person and $50,000 per accident. You can also choose to include optional coverage such as:

  1. Collision insurance: Covers the repair of collision damage to your own vehicle, regardless of fault. You accidentally rear-end an overly cautious driver sightseeing on Loveland Pass.
  2. Comprehensive insurance: Covers damage to your car when that is not related to a collision. A damaging summer hailstorm leaves your vehicle with several dents and a cracked windshield. 
  3. Uninsured motorist insurance: Covers the cost of your property damage and medical treatment if you are in an accident that was caused by an uninsured, underinsured, or hit-and-run driver.
  4. Medical payments insurance: Covers medical treatment for you and your passengers if you are injured in a collision, regardless of fault. You suffer significant injuries after hitting a deer on US-285.
  5. Roadside assistance insurance: Covers the cost of assistance and towing if your vehicle becomes disabled on the road. You run out of gas while taking in views on the Million Dollar Highway.

Top Insurance Companies that Support Independent Insurance Agents in Colorado

There are currently 252 independent insurance agencies in Colorado who are ready to help. Your agent can save you time and money by assisting you with comparison shopping. Because independent agents are free to work with several different insurance companies, they can obtain a variety of customized car insurance quotes for you to compare. That way, you can choose the policy that offers the best value.

Why go Independent

Why go Independent When looking for Car Insurance

  • One Call Multiple Quotes
  • Pay Less for More Coverage
  • Expertise in Your Community