Colorado is a great state for many reasons, but car insurance may not be one of them. In fact, Colorado ranks as one of the most expensive states in the nation when it comes to car insurance. If you’re looking to buy a car in Colorado or are planning on living in the state, it’s important to know how much car insurance costs so that you can budget for it. In this blog post, we will explore how much car insurance costs in Colorado and some tips on how to get the best deal. We’ll also discuss some factors you need to consider when shopping for car insurance.
What Does Colorado Car Insurance Cover?
Colorado car insurance can be expensive depending on your driving record and the policy you select. The table below shows the average cost of car insurance for a single person in Colorado, as of May 2016.
What Are the Rates in Colorado?
In Colorado, the rates for car insurance can vary depending on your driving record and age. For drivers with no criminal history, the average annual rate is $1,821. For drivers with a minor traffic violation or one misdemeanor conviction, the rate jumps to $3,966. Drivers with two misdemeanors or more will pay an annual rate of $7,756.
For those over the age of 65, the rates are significantly reduced. The average rate for a 65-year-old driver without any convictions is $622 per year. For drivers with one conviction, the rate goes up to $2,404 per year. Drivers with two or more convictions pay an annual rate of only $1,056 per year.
How to Save on Colorado Car Insurance
If you’re looking to save on car insurance in Colorado, there are a few things you can do. First, make sure to get quotes from multiple providers to get the best rate. Second, try to stay accident-free – this will help your rates go down. Finally, be sure to keep your policy current and review your coverage regularly.
Before packing your bags and moving to Colorado, it’s important to know whether or not the state’s car insurance is expensive. According to the Insurance Institute for Highway Safety, Colorado was ranked as having the seventh-most expensive car insurance in the country. However, this doesn’t mean that you have to stick around if you don’t like high prices. There are plenty of other states that offer great car insurance rates without sacrificing safety. So before making any decisions, make sure you do your research and compare prices first.