Find the Best Car Insurance Companies in Denver, CO

How to choose a car insurance company in Denver

The average cost of car insurance in Denver is $1,562 per year. Rates vary depending on where the insurer resides. Some of Denver's highest annual rates by ZIP code are below.

• 80219 – $1,680
• 80223 – $1,676
• 80246 – $1,666
• 80230 – $1,664

Here are some of the lowest annual rates:

• 80521 (Fort Collins) – $1,196
• 80535 (Laporte) – $1,201
• 80537 (Campion) – $1,203
• 80525 (Fort Collins) – $1,209

Check out average rates for surrounding cities:

• Louisville: $1,297
• Longmont: $1,277
• Niwot: $1,390
• Northglenn: $1,463
• Parker: $1,381

Even the lowest rates in Colorado are still higher than the national average rate, which is about $900 per year for coverage. In fact, Colorado's insurance premiums rose at the third-fastest rate throughout the United States in recent years. Insurance experts say Colorado insurance rates are rising with the large number of people relocating to Colorado and the corresponding increase in claims being filed.

Also, Colorado ranks in the top five states for increasing collision claim costs, and CDOT reports that fatal crashes rose 24 percent over recent years. Finally, another factor in higher insurance rates is that Colorado is one of the states with the highest hailstorm claims.

Car insurance coverage requirements in Denver

Colorado drivers must carry liability insurance, which covers only the other car and driver when an accident is your fault. Colorado drivers must have liability coverage at these minimums:

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

Proof of car insurance is also required to register your vehicle or to renew registration. For more tips on what to look for in car insurance in Denver, the Colorado Department of Regulatory Agencies maintains useful resources.