Cost of Owning a Car in Colorado
How Colorado’s gas prices, electricity rates, sales tax and insurance costs affect what you’ll typically pay to own a vehicle.
Colorado at a glance
Gas price
$3.55per gallon, illustrative averageElectricity
$0.14per kWh, illustrative averageSales tax
2.90%plus ~$90 average registrationInsurance in Colorado runs close to the national average in this model, reflected as a 1.00× multiplier on our base class rates.
What drives the cost in Colorado
Costs are held down mainly by sales tax (about $1,022 less over 5 years). (Figures are for a typical SUV compared with the average state.)
5-year cost by vehicle class in Colorado
Uses real market-average vehicle prices per class (from our 152-vehicle MarketCheck pull) combined with Colorado-specific tax, fee, fuel and insurance data.
Sedan
$32,8675-year estimate, $548/moSUV / crossover
$44,8175-year estimate, $747/moTruck
$46,9325-year estimate, $782/moElectric
$46,5945-year estimate, $777/moLuxury
$67,6295-year estimate, $1,127/moPopular vehicles: 5-year cost in Colorado
2026 Toyota RAV4
$34,2205-year cost in ColoradoFull breakdown →2026 Honda CR-V
$33,9755-year cost in ColoradoFull breakdown →2026 Toyota Camry
$30,0985-year cost in ColoradoFull breakdown →2026 Honda Civic
$26,2785-year cost in ColoradoFull breakdown →2026 Ford F-150
$58,6705-year cost in ColoradoFull breakdown →2026 Tesla Model Y
$36,9815-year cost in ColoradoFull breakdown →2026 Chevrolet Equinox
$39,1935-year cost in ColoradoFull breakdown →2026 Toyota Corolla
$26,2835-year cost in ColoradoFull breakdown →EV vs. gas in Colorado
At Colorado’s $0.14/kWh electricity and $3.55/gal gas, charging a typical EV at home costs about $554 a year, versus about $1,374 a year to fuel a typical gas sedan — a savings of $820 per year. Run your own numbers with the EV vs. gas calculator.