If you’re a driver in Colorado Springs, finding affordable car insurance is key. Luckily, there are many options for low-cost car insurance in Colorado Springs that can save you money. You can choose from big names like GEICO and State Farm, or go for local insurers like American National. Each offers cheap auto coverage that suits your budget and needs.
The average monthly cost for full coverage car insurance in Colorado Springs is $236. This is 7% higher than the state average. For minimum coverage, drivers pay about $93 a month. But, there are ways to find the cheapest auto insurance Colorado Springs has.
Key Takeaways
- Colorado Springs drivers pay an average of $165 per month for car insurance, 5% higher than the state average.
- Full coverage costs $236 per month on average, while minimum coverage is $93 per month.
- State Farm, USAA, and American Family are among the cheapest insurers in Colorado Springs.
- American National offers the lowest rates for both minimum and full coverage policies.
- GEICO, Progressive, and USAA provide affordable options for high-risk drivers and military members.
Introduction to Cheap Auto Insurance in Colorado Springs
For drivers in Colorado Springs, finding affordable auto insurance is key. The city’s unique landscape and diverse population affect insurance costs. It’s important to know how car insurance works here.
Colorado law says drivers must have at least $25,000 per person and $50,000 per accident in Bodily Injury Liability (BIL) insurance. They also need $15,000 in Property Damage Liability (PDL) insurance. While cheap car insurance is possible, make sure it meets the state’s minimums.
- Colorado doesn’t require drivers to buy uninsured or underinsured motorist coverage, but it’s a good idea.
- Lenders often ask for collision or comprehensive coverage for leased or financed cars in Colorado.
- Driving without insurance in Colorado can lead to big fines and losing your license, showing why coverage is crucial.
Colorado has about 5.6 million people and 4.1 million licensed drivers, making for a varied insurance market. The state’s strong economy, with aerospace, high-tech, and tourism, affects auto insurance needs.
| Average Annual Auto Insurance Rates by Age and Gender in Colorado Springs | Cost |
|---|---|
| Single 17-year-old female | $8,014 |
| Single 17-year-old male | $9,026 |
| Single 25-year-old female | $2,818 |
| Single 25-year-old male | $2,981 |
| Married 35-year-old female | $2,584 |
| Married 35-year-old male | $2,553 |
| Married 60-year-old female | $2,373 |
| Married 60-year-old male | $2,473 |
| Average | $4,103 |
Average Cost of Car Insurance in Colorado Springs
Auto insurance in Colorado Springs offers various options and prices. The average yearly cost for full coverage car insurance is $3,259. This is more than the national average of $2,329. On the other hand, minimum coverage costs about $582 per year, which is a bit less than the national average.
Full Coverage vs. Minimum Coverage
The cost difference between full coverage and minimum coverage car insurance in Colorado Springs is big. Full coverage, which includes comprehensive and collision coverage, averages $202 per month or $2,428 annually. Minimum coverage costs around $54 per month or $654 per year on average.
For drivers wanting to save money, the minimum coverage might be a better choice. But, it’s key to think about the risks and benefits of each coverage level. This way, you can make sure you have the right protection.
“The average cost of car insurance in Colorado Springs is $3,259 per year for full coverage and $582 per year for minimum coverage.”
Top Car Insurance Companies in Colorado Springs
When looking for the best car insurance companies in Colorado, Colorado Springs has many great options. Experts say the top companies are Geico, Progressive, State Farm, Auto-Owners, and USAA.
These companies are known for their good rates, wide coverage options, and great customer service. Let’s dive into what each company offers to drivers in Colorado Springs:
- Geico – It’s known for affordable policies and a handy mobile app. Geico has some of the lowest rates in Colorado Springs, especially for high-risk drivers and those with bad credit.
- Progressive – It’s praised for its flexible coverage and new features like usage-based insurance. Progressive is a top pick for drivers in Colorado Springs who want to customize their policies.
- State Farm – Being one of the biggest insurance companies, State Farm is a trusted name. It offers personalized service and many discounts to customers in Colorado Springs.
- Auto-Owners – This company is great at tailoring coverage to what Colorado Springs drivers need. It’s a good choice for those looking for customizable policies.
- USAA – Serving military members, veterans, and their families, USAA is known for outstanding customer service and competitive rates. It’s a top choice for the military community in Colorado Springs.
| Insurance Company | Average Minimum Coverage Cost | Average Full Coverage Cost |
|---|---|---|
| Geico | $43 per month | $126 per month |
| Progressive | $54 per month | $152 per month |
| State Farm | $60 per month | $182 per month |
| Auto-Owners | $52 per month | $158 per month |
| USAA | $49 per month | $149 per month |
By comparing these top companies, Colorado Springs residents can find the right coverage for their needs and budget. Whether you need minimum liability or full-coverage, there’s a good option for you.
Geico: Best for Budget-Conscious Drivers
For those in Colorado Springs seeking affordable car insurance, Geico is a top choice. It’s known for its low rates, especially for minimum coverage. This makes it a go-to for saving money on auto insurance.
Geico is the cheapest for full coverage car insurance in Colorado, costing $1,306 a year or $109 monthly. This is much lower than the state’s average of $2,173 annually for full coverage. Geico’s competitive pricing makes it a great choice for drivers in Colorado Springs wanting to save on insurance.
| Insurer | Average Annual Full Coverage Cost | Average Monthly Full Coverage Cost |
|---|---|---|
| Geico | $1,306 | $109 |
| State Minimum Coverage | $566 | $47 |
Geico also offers discounts and customization options to lower premiums. These include good driver discounts and bundling policies. Colorado Springs residents can save more on their geico car insurance colorado springs with these options.
“Geico is an excellent choice for budget-conscious drivers in Colorado Springs who want to get the most value out of their car insurance policy.”
Whether you need a basic liability policy or full coverage, Geico is a good option. It’s worth considering when looking for the cheap auto insurance geico colorado springs that suits your budget and needs.
Progressive: Best for High-Risk Drivers
Drivers in Colorado Springs with tough driving records find Progressive a top pick. This includes those with speeding tickets, at-fault accidents, or DUIs. Progressive is known for helping high-risk drivers with good rates, despite their past issues.
Handling Driving Offenses
Progressive is a leader in offering affordable insurance for drivers with past offenses. It’s often the cheapest for those in Colorado Springs with speeding tickets, accidents, or DUIs on their record.
- Speeding Tickets: Progressive has some of the lowest rates for drivers with speeding tickets, with average annual premiums around $1,800.
- At-Fault Accidents: Drivers who caused an accident can get coverage from Progressive for about $2,100 a year.
- DUIs: For drivers with a DUI, Progressive is a top choice, with average annual premiums around $2,400.
Progressive offers discounted rates for high-risk drivers, making it the best choice for auto insurance in Colorado Springs for those with less-than-perfect driving histories.
State Farm: Best for Personalized Service
State Farm is a top choice for drivers in Colorado Springs looking for personalized auto insurance. It’s the biggest auto insurance company in the U.S. They have local agents who really listen to what you need and customize your coverage.
State Farm offers many insurance options, like comprehensive, collision, and liability coverage. They also cover everything from classic cars to RVs. This means drivers in Colorado Springs can easily find the right policy for their life.
Choosing State Farm lets you bundle policies like condo or homeowners insurance with your car insurance. This can save you a lot of money, over $50 a month on average. It’s a big reason why many people switch to State Farm.
State Farm doesn’t just offer car insurance. They have banking, investment planning, and even pet medical insurance through Trupanion. This makes them a great choice for those who want everything in one place and a customized insurance plan.
No matter if you’re new to driving or have years of experience, State Farm’s agents in Colorado Springs are here to help. They work with you to find the best auto insurance that fits your budget and needs. State Farm is known for its strong service, wide range of products, and focus on personalized care. It’s a top choice for anyone looking for state farm car insurance colorado springs.
Auto-Owners: Best for Customizable Coverage
Auto-Owners Insurance Co is a top choice for auto insurance in Colorado Springs. It has a MoneyGeek score of 65 out of 100 and an annual premium of $1,021. This provider is known for its customizable policies. Whether you’re a teen driver or looking for affordable coverage, Auto-Owners can tailor your policy to your needs.
Tailoring Your Policy
Auto-Owners is great because it offers customizable auto insurance colorado springs options. Customers can pick from various add-ons and endorsements. This way, you can create a policy that fits your lifestyle and budget. You can choose from liability-only coverage to comprehensive protection.
MoneyGeek found that Auto-Owners Insurance Co offers the best cheap coverage in Colorado Springs. It scored 70 out of 100 and costs $365 a year for policies that meet the state’s minimum coverage.
“The agents at Auto-Owners were incredibly helpful in tailoring my policy to my unique needs. They took the time to understand my driving habits and preferences, and helped me find the perfect coverage solution at a price I could afford.”
– Amy, Colorado Springs resident
Auto-owners car insurance colorado springs is great for young drivers, commuters, or anyone in between. It offers flexibility and affordability. With a focus on customer service and customizable coverage, Auto-Owners is perfect for drivers in Colorado Springs looking for a personalized insurance experience.
USAA: Best for Military Families and Veterans
In Colorado Springs, USAA car insurance is the top pick for military members, veterans, and their families. It offers coverage and benefits made just for them. The average cost for full coverage is $1,229 a year, making it the cheapest in Colorado Springs.
USAA shows its support with special offers for the military community. These include:
- Lower rates and special discounts for military members and their families
- Coverage for deployment and moving, so you’re always protected
- Personalized help from reps who get the unique challenges of military families
USAA is also known for its great customer satisfaction. J.D. Power gave it a score of 848 out of 1,000 in the Southwest Region. This is better than big names like State Farm, GEICO, and Allstate.
“USAA’s dedication to the military community is unparalleled. As a veteran, I can attest to the invaluable support and peace of mind they provide.”
For auto insurance for military colorado springs, USAA is the top choice. It offers great prices, coverage that fits your needs, and outstanding service.
cheap auto insurance colorado springs
Finding low-cost car insurance options in Colorado Springs can be tough, but it’s worth it. If you’re careful with your budget or want full coverage, you’ll find many affordable choices. These options are perfect for everyone’s needs.
The average cost for full coverage car insurance in Colorado Springs is $292 a month. You can get minimum coverage for just $52 a month. By comparing quotes from Geico, Progressive, and State Farm, you can save a lot on your insurance.
When looking for the most affordable auto coverage in Colorado Springs, your age, credit score, driving history, and ZIP code matter. But, there are ways to lessen the effect of these factors. This way, you can get low-cost car insurance that fits your budget and needs.
- Teenagers and those with a bad driving record might get lower rates with programs from Progressive.
- People with poor credit can find good deals, with State Farm often offering the best rates.
- Military members and their families can get special discounts and coverage through USAA.
By being informed and active in your search for affordable auto coverage in Colorado Springs, you can save a lot. You’ll make sure your car is covered without spending too much. Look into the many low-cost car insurance options and find the best one for you.
Factors Affecting Car Insurance Rates in Colorado Springs
If you drive in Colorado Springs, you know car insurance rates can change a lot. Knowing what affects these rates can help you choose better coverage and save money.
Location, Age, and Driving Record
Your location in Colorado Springs affects your car insurance rates. Places with more accidents, theft, or high population have higher rates. Your age and driving history also matter a lot.
Young drivers and those with past accidents or tickets are seen as riskier. This means they pay more for insurance.
Recently, Colorado’s car insurance costs have gone up a lot. It’s now the 11th most expensive state for car insurance. In 2023, the average full-coverage premium went up by $313. By 2033, Colorado could have the fourth-highest auto insurance rates, with an average of $2,968 a year.
But, there are ways to save on car insurance rates in Colorado Springs. You can increase your deductibles, use discounts, drive safely, and compare rates. These steps can lower your auto insurance prices in Colorado Springs.
Knowing what affects car insurance rates in Colorado Springs helps you make smart choices. Your location, age, and driving history are key factors. Being aware of these can help you find the best auto insurance for your needs.
Tips to Save on Car Insurance in Colorado Springs
Finding the right car insurance in Colorado Springs can seem tough, but there are ways to cut costs. By comparing quotes and using discounts, you can save money. Let’s look at the ways to save on car insurance in Colorado Springs.
- Compare Quotes: Colorado residents should compare quotes from at least three different providers. This helps find the best rates for their needs.
- Raise Deductibles: Up your deductible to lower your insurance premiums. This is a big savings for safe drivers with a good record.
- Leverage Discounts: Many insurance companies offer discounts like safe driver, multi-policy, good student, and low-mileage. These can help reduce insurance premiums.
- Maintain a Clean Driving Record: A clean driving record is key for lower insurance rates. Accidents and violations can raise your premiums.
- Consider Usage-Based Insurance: Choosing usage-based or pay-per-mile insurance can be a smart way to save on car insurance costs in Colorado Springs for drivers with low mileage.
By using these tips, Colorado Springs drivers can significantly reduce their car insurance costs. The secret to saving on car insurance in Colorado Springs is to stay informed, compare options, and use discounts and programs.
“Exploring cost-saving opportunities is the first step to finding the most affordable car insurance in Colorado Springs.”
Comparing Quotes for Cheap Auto Insurance in Colorado Springs
Finding the best deal on auto insurance in Colorado Springs means comparing quotes from different providers. By comparing car insurance quotes colorado springs, drivers can save hundreds of dollars each year.
The average cost for minimum-coverage car insurance in Colorado Springs is about $54 monthly or $654 yearly. Southern Farm Bureau offers the cheapest liability insurance at just $30 monthly or $360 yearly. For full-coverage, Geico has the best rates, averaging $126 monthly or $1,518 yearly.
Age, credit score, ZIP code, and driving history greatly affect car insurance rates in Colorado Springs. Teen drivers face rates up to $281 monthly, while those with a clean record might pay as low as $30 monthly for minimum coverage.
| Insurance Provider | Minimum Coverage | Full Coverage |
|---|---|---|
| Southern Farm Bureau | $30/month | N/A |
| Geico | N/A | $126/month |
| American National | $215/year | $566/year |
By comparing car insurance quotes colorado springs and finding the best deal on auto insurance colorado springs, drivers can get the best coverage at a good price. Shopping around and comparing rates can greatly reduce your insurance costs.
“The key to finding cheap car insurance in Colorado Springs is to compare quotes from multiple providers. This allows you to find the best coverage at the lowest possible price.” – Insurance Expert
Conclusion
Colorado Springs drivers can find affordable auto insurance by comparing quotes from top providers like Geico, Progressive, State Farm, Auto-Owners, and USAA. Your driving history and personal details affect the cost of car insurance. By following the tips in this article, you can save money and get the coverage you need.
Drivers in Colorado Springs can find competitive rates from many reputable insurers. With the right coverage, discounts, and a clean driving record, you can get affordable insurance that suits your needs. Always review your policy, look for discounts, and compare quotes to get the best value for your money.
Finding cheap auto insurance in Colorado Springs is possible with careful research and exploring different providers and options. By using the insights and strategies from this article, you can find the right protection at a good price. This way, you can navigate the car insurance market and save money.
Source Links
- Cheap Car Insurance in Colorado Springs, CO, Starting at $51
- Cheapest Car Insurance Companies in Colorado Springs, CO (2024 Rates)
- Colorado Car Insurance
- Colorado Springs, CO Auto Insurance | Cheap Auto Insurance in Colorado Springs, Colorado | AutoInsuranceEZ.com
- Car Insurance | Free AAA Auto Insurance Quote
- Best Car Insurance in CO Springs, CO (2024) – Policygenius
- Cheap Car Insurance in Colorado Springs, Colo.
- Average Cost of Car Insurance in Colorado in 2024 | Bankrate
- Cheapest Car Insurance in Colorado
- Best Car Insurance in Colorado
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