Colorado insurance costs are crushing vehicle owners

Car insurance rates saw more than a 20% increase in 2023 and a 53% increase in the last 10 years, representing the second highest increase in the country. Colorado also has the 11th highest insurance rates of any state in the U.S.

[markminer]

Insurance cost is just the tip of the iceberg. Look at the cost of new vehicles! Even if accident rates remain the same, the repair and replacement costs are skyrocketing. Add fuel, food, housing, and people are struggling everywhere.

[andrewordog]

They've got to make sure they have enough money to give the CEO his multi million dollar bonus.

[fueledbymusic]

I pay about $60 a month for my main daily driver 11 year old Kia Rio. Liability only.

[OGBulls]

160 is so cheap lol i was paying 200 for liability on my 2000 civic on my mdx it is 550 a month for full

[tjts]

Meanwhile Geico announced all time record profits in 2023.

[AKrn]

This whole country is screwed, you don't need to list individually.

[Dfgbuiiyyyybb]

Regarding relaxed rules for getting a license. There’s no requirement to show that you can drive on a major highway and no requirement to show that you can back into a parking spot or parallel park.

Car insurance is basically a scam I’m in my early 40’s zero accidents, zero speeding tickets and I work from home so my 3yr old car has 20, 000 miles on and and I’m seeing rates as high as $1, 700 a year.

[tater_chip_]

😂😂 Colorado is the cheaper little brother of Alaska.

[jmdec]

Insurance lobbyists killing business and far beyond sensible. I had the strangest 3 times increases within a year.

[ruckuslifeMKE]

I've saved hundreds of dollars per month by switching to no insurance

[aowi]

Food, insurance, medical, housing all up, but biden says we are just fine. Trust the government, they are here to help.

[GT]

Too many people driving around while high. There’s also lots of illegal aliens driving around recklessly with no license or insurance.

[ojuybbo]

They want every dime you make and need to see you living out of it while they go on expensive trips laughing at us

[thedon]

$500 25% increase for me this year insure a 12 year old sedan and 8 year old SUV

[Sarcastic_Asmodeus]

Costs of cars, size, auto thefts, and uninsured are way up. These insurance companies are also leeching off the good drivers to pay for states like Florida and Texas that have way more natural disasters. It's just cheaper to join all these people on the roads and just not pay for insurance anymore. Lol

[jackycane]

Insurance premiums has nothing to do with the Federal government! Has to do with the State actuarial calculations based on amount of crashes, amount of claims, number and type of vehicles stolen, risks caused by weather conditions and geographic location!

[MrDan]

I got a clean driving record. Here in Washington Sate I pay $106 for full coverage on my 2005 4runner and $92 for my 1987 F150 I drive 3 times a month if that!

[ge]

Thanks Millard Fillmore. That's what you get for voting Whig.

[scott]

This is 1 of the many reasons I drive an old truck that’s paid for. Basic coverage is now $65/month. Just went up from $62/month.

[dmoney]

Hey, since the 70s when the cap was removed from insurance companies. It's has never worked out for the insured. Nothing ever gets done. Senators and governors are to worried about giving immigrants housing.