By FOX SPORTS Staff
Bale was crowned the PFA Player of the Year two weeks ago ahead of Suarez, Robin Van Persie, Michael Carrick, Juan Mata and Eden Hazard.
The Welsh international's fearsome form has seen him score 20 goals in 30 games so far this season, a healthy return which has helped propel Tottenham Hotspur into contention for a spot in the top four; Spurs are currently fifth in the table on 65 points, two points behind fourth placed Arsenal but with a game in hand over their arch-rivals.
Suarez has three more goals than Bale to his name, albeit having played three games more than the Spurs star.
And Collymore, who made 61 appearances for Liverpool, believes the Uruguayan international has been more consistent than Bale throughout the course of the season and hence should have won the Player of the Year award.
"It is time to define exactly what makes someone footballer of the year," Collymore wrote in The People.
"Because while I congratulate Gareth Bale for the spectacular moments that have helped him land a hat-trick of prizes from fellow players and football writers, he has not been the best, most consistent player this term. Luis Suarez has.
"The Liverpool forward has been superb week in, week out. He carried the team through stages of the season and provided goals at a time when Fabio Borini was the only other front-man at the club.
"His performances and strike rate have been fantastic. But he won nothing.
"He was voted into the PFA Team of the Year so his peers clearly acknowledged his performances. But it seems most of them thought Bale had been better."
Collymore also suggested that Bale only won the award ahead of Suarez because voters were turned off by the Liverpool striker's controversial personality.
"When I was voting in my playing days I would simply judge people on how they had performed on the pitch," Collymore added.
"These days I'm not sure that's the case.
"I do not want to take anything away from Bale. He has produced some stunning moments this season.
"But there is also part of me that suspects that his golden-boy reputation and Clark Kent looks have helped him hoover up all these prizes.
"I don't want football to become a popularity contest. Sure, take personality into account, but what matters most, what should always matter most, is what happens inside those white lines.
"I want this to remain a sport in which technical brilliance and consistent top performances are rewarded, not overlooked.
"So, no matter what anyone else says, I believe Suarez is the true player of the year."
Suarez is currently serving a 10-match ban for a petulant bite on Branislav Ivanovic and will miss Liverpool's next Premier League fixture against Fulham.