Colorado car insurance calculator

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As a motorist in Colorado, understanding the significance of securing car insurance that complies with the state’s minimum requirements is crucial. Yet, discovering the optimal coverage that aligns with your budget can be a challenging endeavor. This is where our Colorado car insurance calculator proves invaluable.

Utilize our auto insurance calculator to approximate your annual and monthly car insurance expenses in Colorado, taking into account your vehicle’s make and model. This empowers you to make well-informed decisions about your coverage.

Colorado car insurance calculator

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*It is recommended that you should get full coverage car insurance for vehicles 2020 or newer.

Methodology

Insure.com commissioned Quadrant Information Services to calculate average auto insurance rates for vehicles from 2006 to 2023.

Our hypothetical driver is a 40-year-old male who commutes 12 miles to work each day, with policy limits of 100/300/50 ($100,000 for injury liability for one person, $300,000 for all injuries and $50,000 for property damage in an accident) and a $500 deductible on collision and comprehensive coverage.

Rates for vehicles up until 2023 includes uninsured motorist coverage (since some states require it, we do it for all) and PIP or Medical Payments, if it is required by state law. This hypothetical driver has a clean record and good credit.

For liability 100/300 is rates the same hypothetical driver but with liability limits of 100/300/50, uninsured/underinsured motorist in matching amounts and PIP or MedPay, if required by state. We recommend limits this high, even if you have only liability coverage. A state-minimum policy includes only the basic state liability limits and any other state-required coverages, such as uninsured motorist or PIP.

Averages were calculated using data from six large carriers, such as Allstate, Farmers, GEICO, Nationwide, Progressive and State Farm. Rates were averaged across multiple ZIP codes and insurance companies. Average rates are for comparative purposes; your rate will depend on your personal factors.

How much is vehicle model important in calculating car insurance in Colorado

In Colorado, the type and model of your car can really affect how much you pay for car insurance. Insurers look at things like your car’s make and model to decide on the cost of premiums.

For example, the yearly car insurance cost for a full coverage policy on a 2022 Acura ILX 2.4L is $1,936, while the average insurance premiums for a Toyota 4Runner Limited in Colorado are $2,046 annually. That’s a difference of $110 more compared to the Acura ILX 2.4L.

How insurers calculate car insurance in Colorado using car model year

In Colorado and many other places, a car’s model year can influence how much you pay for car insurance. For example, someone with a 2021 Chevrolet Blazer 2LT pays around $1,619 a year for insurance, whereas the car insurance rate for a 2022 Chevrolet Blazer 2LT is $2,018 per year.

Does the cost of car insurance in Colorado decrease as a vehicle gets older?

In general, car insurance costs decrease for older car models in Colorado. As a vehicle ages, it typically loses value due to depreciation. Since car insurance covers the cost of repair or replacement of a vehicle, the insurance company’s liability decreases when insuring an older vehicle. This results in lower Colorado car insurance premiums.

Individuals driving a 2020 Honda Accord LX in Colorado pay $156 monthly for a full coverage car insurance policy; conversely, car insurance for the 2022 Honda Accord LX costs every month in Colorado is $159 which is $3 more than the 2020 model.

Older vehicles may be less attractive to thieves than newer models with advanced security features. The lower risk of theft can also lead to lower insurance premiums.

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Auto insurance premiums vary significantly from city to city, so drivers need to be sure they’re getting the best deal. Insure.com has done the research for you. Get more information on auto insurance rates by city below.

Car insurance rates in Colorado by city

Car insurance cost estimate in Colorado

The typical cost for car insurance in Colorado is around $1,940 annually or $162 per month. However, your actual premium might differ depending on the coverage you select. Here’s an estimate of car insurance expenses in Colorado for various coverage levels.

50/100/50 Liability Only	Full Coverage	Non-Owner State Minimum Liability Only	State Minimum Liability Only
$726	$1,940	$333	$467

The bottom line: Colorado car insurance calculator

The car insurance calculator for Colorado calculates your rates using details like where you live and the year, make, and model of your vehicle. Simply input your information, and the calculator will give you estimated quotes. Keep in mind that rates can differ, so it’s a good idea to get quotes from different insurers to find the best deal that suits your needs.