Aug 14, 2024 - News
Colorado's average car insurance costs, charted
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The blows to the pocketbook keep coming. Not only is home insurance in Colorado among the nation's highest, so is car insurance.
Why it matters: Both contribute to the state's cost of living.
By the numbers: The average annual cost of car insurance in the state reached $2,619 through June, according to new data from Insurify.
- Colorado ranks 16th in the country and easily exceeds the national average.
Between the lines: One factor in home and car insurance rates is severe weather.
- And you guessed it: Colorado is home to higher risks for thunderstorms, hail and tornadoes than much of the country.