Auto Insurance: Colorado Vs Montana, Who's Cheaper?

The cost of auto insurance varies from state to state, and is determined by factors such as the number of licensed drivers, the cost of living, and the number of uninsured drivers. The average cost of full-coverage auto insurance in Colorado is $3,010 per year, or $251 per month, which is about 12% above the national average. In Montana, the average cost of full-coverage auto insurance is $1,894 per year, or $158 per month, which is about 19% below the national average. Therefore, auto insurance is cheaper in Montana than in Colorado.

Car insurance in Colorado is more expensive than in Montana

There are several reasons why car insurance rates vary from state to state. One factor is the number of uninsured drivers in the state. Montana has a relatively low rate of uninsured motorists, which helps to keep car insurance premiums affordable. On the other hand, Colorado has a higher rate of uninsured drivers, which contributes to higher insurance costs.

Another factor that affects car insurance rates is the cost of living in the state. Montana has a lower cost of living than Colorado, which means that car repairs and medical expenses tend to be lower, resulting in cheaper car insurance rates.

Additionally, the weather conditions and road conditions in a state can impact car insurance rates. Colorado experiences severe weather, such as hail storms, which can increase the number of car insurance claims. In contrast, Montana has milder weather, resulting in fewer weather-related claims and lower insurance rates.

The population density and number of licensed drivers in a state can also influence car insurance rates. Colorado has a higher population density and more licensed drivers than Montana, which can lead to more frequent accidents and higher insurance costs.

Finally, the state's minimum insurance requirements can also affect car insurance rates. Colorado has higher minimum insurance requirements than Montana, which means that drivers in Colorado are required to purchase more coverage, resulting in higher insurance costs.

Colorado has the fifth most expensive car insurance in the US

The cheapest car insurance company in Colorado is American National, at $975 per year on average, or $81 per month. Grange Insurance Association is another affordable option, with an average annual rate of $1,000.

The high cost of car insurance in Colorado could be related to the state's poor road conditions and relatively high rate of uninsured motorists. The state also has a high proportion of uninsured drivers, which can drive up insurance premiums.

To find cheaper car insurance in Colorado, it is recommended to compare rates from multiple insurers and take advantage of any available discounts.

The average annual premium for full coverage auto insurance in Colorado is $3,010

The average annual premium for full-coverage auto insurance in Colorado is $3,010, which is about 12% above the national average of $2,681 per year. This means that Colorado drivers pay higher average car insurance premiums than those in other states.

The high average cost of full-coverage auto insurance in Colorado is due to several factors, including the state's poor road conditions and relatively high rate of uninsured motorists. In addition, Colorado has stringent car insurance coverage requirements compared to many other states, which also contributes to higher premiums.

To find cheaper auto insurance rates in Colorado, it is recommended to compare quotes from multiple insurers and take advantage of any available discounts. Additionally, drivers can consider opting for minimum coverage, which costs an average of $750 per year in the state.

The cheapest car insurance company in Colorado is American National

If you want the cheapest policy possible, opt for minimum coverage. The average cost of minimum coverage in Colorado is $547 per year, or $46 per month. California Casualty offers the cheapest rates for minimum coverage in Colorado, at $154 per year, on average, for a 35-year-old driver with a clean driving record.

American National also offers the cheapest full-coverage car insurance for 35-year-old drivers with different driving records. For example, for drivers with a clean driving history, after a speeding ticket, or after a DUI, American National offers the cheapest rates.

According to MarketWatch, the average cost of full-coverage car insurance in Colorado is $3,010 per year or $251 per month, which is about 12% above the national average. MarketWatch also names American National as the cheapest car insurance company in Colorado, with average costs of $23 per month for minimum coverage and $126 per month for full coverage.

American National features affordable car insurance for all driver profiles in Colorado and offers optional roadside assistance, gap insurance, and Added Coverage Endorsement for replacement parts.

The most expensive car insurance company in Colorado is Allstate

The cost of car insurance varies from state to state, and there are many factors that influence the price of a premium. These include the number of licensed drivers, the cost of living, the number of uninsured drivers, and the state's minimum insurance requirements.

In Colorado, the average cost of full coverage car insurance is $2,415 per year, or $201 per month. This is about 40% more per year than the national average. The most expensive car insurance company in Colorado is Allstate, with an average rate of $3,340 per year, or $278 per month. This is about 25% more than the national average of $2,681 per year, or $223 per month.

Allstate's prices are higher than average due to a variety of factors. These include age, ZIP code, driving history, credit score, gender, and marital status. For example, teens typically pay the most for insurance, followed by drivers in their early 20s. Car insurance also tends to be more expensive in densely populated areas. Additionally, at-fault accidents, tickets, and convictions can raise insurance rates.

Despite its high prices, Allstate offers good coverage and has a range of discount programs and coverage options. These include standard options such as liability, collision, and comprehensive insurance, as well as add-ons like rideshare insurance, roadside coverage, and rental reimbursement. Allstate also offers two usage-based programs: Drivewise, which rewards safe driving habits, and Milewise, a pay-per-mile program.

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