Cheapest Car Insurance For College Students in Colorado 2025
GEICO is one of the best car insurance companies for college students in Colorado. State Farm is the cheapest provider, with an average annual rate of $2,112.
We’ve saved shoppers an average of $600 per year on their car insurance.
Colorado ranks among the top five most expensive states for auto insurance, and premiums climb even higher for college drivers compared to those in their mid‑twenties. Insurers often charge young drivers more due to their limited experience and higher likelihood of risky driving behaviors.
Recent data highlights the seriousness of the issue: fatal crashes involving college‑aged drivers in Colorado surged by 53% year‑over‑year. In response, the Colorado Department of Transportation has urged teenagers and young adults to adopt safer habits behind the wheel, emphasizing the importance of reducing distractions, obeying speed limits, and practicing responsible driving. By improving driver behavior, students can not only lower accident risks but also take advantage of discounts and strategies that help reduce car insurance costs.
Key Takeaways
Student drivers in Colorado must have car insurance that meets the state’s minimum requirements.
State Farm offers the cheapest insurance policy for students in Colorado, at an average annual rate of $2,112.
There are multiple ways to reduce the cost of car insurance for students in Colorado.
Best Car Insurance Companies For College Students In Colorado
When selecting car insurance for college students in Colorado, you need to consider your priorities and pick a policy that matches your needs, whether that is low rates or comprehensive coverage.
Use the table below to see our picks for the best auto insurers for students in Colorado.
| Company | Average Rate Per Year |
| State Farm | $2,112 |
| GEICO | $2,196 |
| Progressive | $2,280 |
| American Family | $2,256 |
| Allstate | $2,448 |
* These figures are estimates based on general market trends, and they may differ from your actual rate.
Cheapest Liability-Only Car Insurance For College Students In Colorado
Minimum coverage policies are often an effective way to decrease overall costs, but can leave you vulnerable in an accident. These low-cost plans will only cover the state minimum insurance needed to operate a vehicle, which means paying expenses out of pocket.
Minimum coverage policies are great options for college students as they provide the insurance needed to drive legally while keeping costs low.
As you can see from the table below, GEICO is the cheapest average option at $852 per year.
| Company | Average Rate Per Year |
| State Farm | $900 |
| Auto-Owners | $1,020 |
| GEICO | $852 |
| Progressive | $984 |
| American Family | $936 |
* These figures are estimates based on general market trends, and they may differ from your actual rate.
Cheapest Full Coverage Car Insurance For College Students In Colorado
College students who commute to campus or routinely drive for work should consider a full coverage policy over minimum coverage. These plans offer additional protection, often including liability, comprehensive, and collision coverage.
While the full coverage policies offer more protection, they come at a higher cost. It’s essential to weigh the benefits of the additional insurance against the extra monthly cost.
GEICO is the cheapest full coverage car insurance policy for students in Colorado, at an average annual rate of $1,392.
| Company | Average Rate Per Year |
| Allstate | $1,812 |
| State Farm | $2,112 |
| Nationwide | $2,280 |
| GEICO | $1,392 |
| Progressive | $2,208 |
* These figures are estimates based on general market trends, and they may differ from your actual rate.
Cheapest Car Insurance For College Students With Low-Mileage In Colorado
If you’re a college student who doesn’t plan on driving much throughout the school year, there’s no reason to pay for insurance you don’t need. While you’ll still need to maintain the state minimum auto insurance, most low-mileage policies offer discounted rates if you stay below a certain number of miles yearly.
The limit will vary between insurance companies but is usually around 7,500 to 10,000 miles annually.
Use the table below to view the cheapest low-mileage rates for college drivers in Colorado.
| Company | Average Rate Per Year |
| Progressive | $1,140 |
| GEICO | $1,104 |
| Allstate | $1,092 |
| State Farm | $1,164 |
| Nationwide | $1,056 |
* These figures are estimates based on general market trends, and they may differ from your actual rate.
Cheapest Car Insurance For College Students With Driving Violations In Colorado
Driving violations can significantly increase the amount a driver pays for monthly coverage, regardless of age. College students will likely experience an even more significant rate increase after an accident or ticket due to their already high-risk rating.
One way to mitigate the damage of a driving violation is to work with a company like State Farm that specializes in insuring motorists with a history of tickets or accidents.
| Company | Average Rate Per Year |
| GEICO | $2,640 |
| State Farm | $1,800 |
| Auto‑Owners | $2,580 |
| American Family | $2,460 |
| Progressive | $2,280 |
* These figures are estimates based on general market trends, and they may differ from your actual rate.
Average Cost Of Car Insurance For College Students In Colorado – By City
Where you live in Colorado can have a significant impact on your car insurance premiums.
Use the table below to view average rates for different cities in Colorado.
| City | Average Monthly Cost |
| Denver | $242 |
| Colorado Springs | $240 |
| Aurora | $250 |
| Fort Collins | $192 |
| Boulder | $206 |
* These figures are estimates based on general market trends, and they may differ from your actual rate.
Average Cost Of Car Insurance For 18-Year-Old College Students In Colorado
State Farm offers the cheapest rates for 18-year-old college drivers in Colorado, at an average monthly cost of $275.
| Car Insurance Provider | Average Monthly Cost |
| GEICO | $334 |
| State Farm | $275 |
| Nationwide | $399 |
| Auto-Owners | $282 |
| Progressive | $585 |
* These figures are estimates based on general market trends, and they may differ from your actual rate.
Average Cost Of Car Insurance For 19-Year-Old College Students In Colorado
GEICO provides the cheapest policy for 19-year-old college students in Colorado, averaging $186 per month.
| Car Insurance Provider | Average Monthly Cost |
| Allstate | $206 |
| State Farm | $242 |
| GEICO | $186 |
| Auto-Owners | $248 |
| Progressive | $273 |
* These figures are estimates based on general market trends, and they may differ from your actual rate.
Average Cost Of Car Insurance For 20-Year-Old College Students In Colorado
The cheapest auto insurance rates for a 20-year-old college driver can be found with GEICO, averaging $166 per month.
| Car Insurance Provider | Average Monthly Cost |
| State Farm | $214 |
| GEICO | $166 |
| Progressive | $246 |
| Allstate | $184 |
| Auto-Owners | $216 |
* These figures are estimates based on general market trends, and they may differ from your actual rate.
Average Cost Of Car Insurance For 21-Year-Old College Students In Colorado
The most affordable college student car insurance policy for a 21-year-old can be found at Progressive, with an average monthly cost of $175.
| Car Insurance Provider | Average Monthly Cost |
| NY Central Mutual (NYCM) | $285 |
| GEICO | $210 |
| Progressive | $175 |
| Allstate | $325 |
| USAA | $245 |
* These figures are estimates based on general market trends, and they may differ from your actual rate.
Average Cost Of Car Insurance For 22-Year-Old College Students In Colorado
22-year-old student car insurance can be found from $110 per month, with a GEICO auto policy.
| Car Insurance Provider | Average Monthly Cost |
| State Farm | $168 |
| GEICO | $110 |
| Progressive | $179 |
| Nationwide | $181 |
| Allstate | $144 |
* These figures are estimates based on general market trends, and they may differ from your actual rate.
Average Cost Of Car Insurance For 23-Year-Old College Students In Colorado
23-year-old college drivers can find affordable insurance from GEICO at an average monthly cost of $89.
| Car Insurance Provider | Average Monthly Cost |
| GEICO | $89 |
| Kemper | $202 |
| Progressive | $167 |
| State Farm | $150 |
| Allstate | $140 |
* These figures are estimates based on general market trends, and they may differ from your actual rate.
Average Cost Of Car Insurance For 24-Year-Old College Students In Colorado
The cheapest car insurance policy for a 24-year-old college student is $135 per month, which can be found with Allstate.
| Car Insurance Provider | Average Monthly Cost |
| State Farm | $138 |
| Farmers | $139 |
| Auto-Owners | $142 |
| Progressive | $155 |
| Allstate | $135 |
* These figures are estimates based on general market trends, and they may differ from your actual rate.
Average Cost Of Car Insurance For 25-Year-Old College Students In Colorado
State Farm offers the cheapest auto policies for 25-year-old college students in Colorado at $81 per month.
| Car Insurance Provider | Average Monthly Cost |
| State Farm | $81 |
| Progressive | $136 |
| Auto-Owners | $130 |
| Farmers | $149 |
| Allstate | $131 |
* These figures are estimates based on general market trends, and they may differ from your actual rate.
Average Cost Of Car Insurance On Family Policy Vs. Individual Policy
| Insurance Company | Family Policy | Individual Student Policy |
| State Farm | $92 | $175 |
| American Family | $98 | $185 |
| Allstate | $110 | $200 |
| GEICO | $95 | $180 |
| Progressive | $105 | $190 |
* These figures are estimates based on general market trends, and they may differ from your actual rate.
Discounts can help college students save money, but every policy is different. With PolicyOwl, you can upload your current policy and instantly see whether your student driver is fully protected
How Can College Students Save Money On Car Insurance In Colorado
Car insurance premiums in Colorado are often much higher for college students than for older drivers. Whether you remain on a parent’s policy or purchase your own, there are several strategies to help reduce costs.
Student-Specific Discounts
Academic performance can directly impact premiums. Students who maintain a high GPA, make the Dean’s List, or stay on the Honor Roll often qualify for discounts. Additional savings may apply if:
- You attend school more than 100 miles from home and leave your car behind
- You maintain a clean driving record free of accidents or violations
Affiliation Discounts
Membership in fraternities, sororities, honor societies, or alumni associations can unlock savings. Many insurers in Colorado partner with these organizations to provide reduced rates.
Choosing Between Used And New Cars
While a new car may seem like a thoughtful gift, it often comes with higher insurance costs. Premiums are based on repair expenses, theft rates, and risk factors. Older or less expensive vehicles are generally cheaper to insure because they cost less to repair and are less likely to be stolen.
Vehicle Security And Safety Improvements
Colorado college students face risks from distracted driving, drowsy driving, speeding, and poor road conditions. Research from the University of Colorado Boulder shows fatal accidents among college-age drivers increase during daylight savings due to reduced sleep and visibility. Installing safety features can help reduce risks and lower premiums:
- Daytime running lights: Average discounts of around 3%
- Airbags: Savings of 23%–30% on medical payments or personal injury coverage
- Anti-lock brakes: Added protection when braking suddenly, often rewarded with discounts
These savings vary by provider but can often be combined with other student discounts for maximum benefit.
How To Buy Car Insurance As A College Student In Colorado
For Colorado college students, purchasing car insurance for the first time can feel overwhelming. Thankfully, platforms like Insuranceopedia make the process easier by letting you compare costs, deductibles, and premiums from multiple providers at once.
Step 1: Compare Multiple Quotes
Start by reviewing at least three quotes from different insurers. Online platforms allow you to enter your information once and instantly see how different companies stack up, including discounts that may apply to your situation.
Step 2: Gather Essential Information
Before requesting quotes, collect all necessary details:
- Vehicle information (VIN, make, and model)
- Driver’s license number
- Driving history
- Policyholder details from any previous coverage
Having this information ready ensures accurate quotes and avoids delays.
Step 3: Decide On Coverage Levels
Colorado law requires minimum liability coverage, but you may want to add collision, comprehensive, or higher coverage limits depending on your car’s age and value. Optional add-ons like gap insurance or roadside assistance can provide extra protection but will increase premiums.
Step 4: Create A Personal Budget
Determine how much you can afford in premiums and deductibles. Remember that higher deductibles lower monthly premiums, but you’ll need savings set aside to cover unexpected claims. Some insurers also offer discounts if you pay annually instead of monthly.
Step 5: Purchase And Transition Smoothly
Once you’ve chosen the best policy, complete the purchase online or through an agent. After paying your first premium, you’ll receive proof of coverage and your insurance card. If you’re switching providers, notify your old insurer to avoid billing overlaps.
Do College Students Need Their Own Insurance, Or Can They Stay On A Parent’s?
In Colorado, all drivers must carry auto insurance and keep proof of coverage whenever driving or parking on public roads. For college students, whether you need your own policy or can remain on a parent’s plan depends largely on where you call “home.”
Staying On A Family Policy
Students who maintain their parents’ home as their permanent residence can typically remain on a parent or guardian’s insurance policy. This applies even if you live in a dorm or student housing while attending college. Keeping coverage under a family policy often reduces costs, and many insurers offer additional discounts for students who:
- Leave their car at home while away at school
- Park their vehicle in a garage or campus lot but still list their parents’ home as their permanent address
When Students Need Their Own Policy
If you move out permanently and keep your car at your own residence, insurers generally require you to purchase a separate policy. Once your vehicle is registered and primarily parked at your new address, Colorado law mandates that you carry your own coverage.
Colorado Car Insurance Laws To Know
Colorado laws prohibit insurance companies from using external consumer data or information to discriminate against customers when approving policies or setting policy premiums.
Insurance coverage requires liability insurance with a minimum of $25,000 for bodily injury or death to any one person, $50,000 for bodily injury to all involved people, and $15,000 for property damage.
Conviction in Colorado of certain traffic offenses can result in driving privileges being suspended or revoked, as well as a requirement to carry SR-22 insurance.
Collision coverage is not required in Colorado, but if you purchased your car with a loan, it is very likely that your bank will require it as part of your lender agreement.
Failure to maintain the right insurance coverage or driving without proof of insurance can result in penalties of up to 40 hours in community service, license suspension until insurance is proven, a fine of at least $500, and four points added to your license.
Compare College Student Rates To Other U.S. States
| State | Average Annual Premium |
| Alabama | $3,460 |
| Alaska | $3,276 |
| Arizona | $3,412 |
| Arkansas | $3,557 |
| California | $4,016 |
| Colorado | $3,937 |
| Connecticut | $3,325 |
| Delaware | $3,663 |
| Florida | $4,294 |
| Georgia | $3,570 |
| Hawaii | $3,117 |
| Idaho | $3,028 |
| Illinois | $3,132 |
| Indiana | $3,115 |
| Iowa | $3,230 |
| Kansas | $3,500 |
| Kentucky | $3,828 |
| Louisiana | $4,483 |
| Maine | $2,775 |
| Maryland | $3,346 |
| Massachusetts | $3,326 |
| Michigan | $3,952 |
| Minnesota | $3,511 |
| Mississippi | $3,608 |
| Missouri | $3,582 |
| Montana | $3,793 |
| Nebraska | $3,502 |
| Nevada | $3,660 |
| New Hampshire | $2,865 |
| New Jersey | $3,502 |
| New Mexico | $3,649 |
| New York | $3,470 |
| North Carolina | $3,341 |
| North Dakota | $3,265 |
| Ohio | $3,017 |
| Oklahoma | $3,738 |
| Oregon | $3,278 |
| Pennsylvania | $3,472 |
| Rhode Island | $3,661 |
| South Carolina | $3,422 |
| South Dakota | $3,880 |
| Tennessee | $3,277 |
| Texas | $3,643 |
| Utah | $3,425 |
| Vermont | $2,919 |
| Virginia | $3,069 |
| Washington | $3,208 |
| West Virginia | $3,605 |
| Wisconsin | $3,264 |
| Wyoming | $3,358 |
* These figures are estimates based on general market trends, and they may differ from your actual rate.
Our Methodology
To find the cheapest car insurance rates for college students in Colorado, we analyzed findings from numerous car insurance rating sites, some of which analyzed rates from public filings obtained by Quadrant Information Services. We also utilize the combined twenty-five years of experience from our team of insurance experts to evaluate each carrier.
It’s important to note that even though the rates listed in this guide are accurate, premiums shift daily and can fluctuate based on each driver.
About Doug Schaffer
