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Polis Unveils Plan to Lower Colorado Auto Insurance Rates Within Two Years

State actions aim to reduce claim drivers, with any premium relief likely to trail the data insurers use.

Overview

  • Colorado targets a drop from No. 5 to No. 10 in most expensive full-coverage rankings, which would equate to roughly $275 in annual savings based on Bankrate’s $3,233 average premium.
  • The administrative roadmap expands safety and speed cameras in high‑risk areas such as work zones, boosts DUI and distracted‑driving enforcement, and adds sobriety checkpoints to improve road safety.
  • The plan ramps up theft prevention and sets new tools to spot uninsured motorists, including real‑time checks through the DMV database, after reported auto thefts fell 25% year over year and 63% since 2022.
  • Hail losses are a key focus, with the state preparing stronger alerts and consumer mitigation guidance through emergency management training and early warning systems.
  • The Division of Insurance will flag repair shops suspected of inflating costs while continuing rate reviews, and the governor’s office will publish a progress dashboard as rate effects are expected to lag improvements.