Colorado Gov. Jared Polis (D) said the state’s auto insurance premiums rank fifth highest nationally and introduced a two-year roadmap to lower costs through measures such as additional speed cameras, theft prevention programs, and efforts to reduce uninsured motorists—all while improving road safety.
The issue is significant for Colorado drivers, who face some of the highest full-coverage auto insurance rates in the country. Bankrate data show that Colorado drivers pay an average of $3,203 annually for full-coverage auto insurance, placing the state fifth in the U.S. These high rates reflect factors such as dense traffic in metropolitan areas like Denver and frequent hailstorms, which drive up claims and premiums, according to Bankrate.
“I’m taking action to help lower costs… Our major action plan to increase public safety and reduce auto insurance premium costs targets safer roads, fewer accidents, and less auto theft—so your costs can finally go down… We’ve got to have an action plan to reduce automobile insurance rates,” Polis said.
Governor Polis shared on his official X account that Colorado’s full-coverage auto insurance rates rank among the highest in the nation. He said the roadmap focuses on five priority areas: road safety enhancements, auto theft reduction, lowering uninsured motorist rates, repair cost controls, and mitigating weather-related claims. The plan builds on prior state efforts to contain insurance costs while improving public safety.
The Center Square reports Colorado as the seventh costliest state for car insurance, with full-coverage averaging $3,230 per year. Early 2025 rates remained steady, but persistent challenges—such as auto theft and potential tariffs—may push premiums higher. Minimum coverage in the state averages $570 annually, slightly below the national average.
Nationally, Bankrate data indicate full-coverage insurance averages $2,697 per year. States such as Louisiana and Florida have higher premiums due to factors including accident frequency, uninsured drivers, and repair costs. Comparisons show Colorado’s rates are elevated even relative to other high-cost regions.
