Finding affordable car insurance in Colorado Springs, CO, offers many options. The average cost for fully covered insurance here is 7% higher than the state average. Minimum coverage insurance costs about 5% more than the national average. Yet, with new tools and programs, drivers can save up to $900 a year.
Root’s safe driver program is a great example. It sets insurance rates based on how well you drive, not your age, location, or credit score. This means drivers with clean records in Colorado Springs can get better rates.
Key Takeaways
- The average cost of car insurance in Colorado Springs is $1,574 per year.
- Minimum coverage car insurance can cost as low as $30 per month for good drivers.
- Full coverage car insurance can be found for as low as $126 per month.
- Root’s safe driver program can potentially save drivers up to $900 a year on car insurance.
- Factors like driving record, age, and credit score can significantly impact car insurance rates in Colorado Springs.
The Cheapest Car Insurance Companies in Colorado Springs
Finding the right car insurance in Colorado Springs can seem tough, but don’t worry. We’ve found the top five companies with the cheapest rates. They also offer the lowest prices for both minimum and full coverage.
Top Five Car Insurance Companies for Colorado Springs
- Geico – Known for its budget-friendly policies, Geico is a top choice for cost-conscious drivers in Colorado Springs.
- Progressive – This insurer excels in providing affordable coverage for high-risk drivers, making it a viable option for those with less than perfect driving records.
- State Farm – While not the absolute cheapest, State Farm offers personalized service and competitive rates, making it a reliable choice for many Colorado Springs residents.
- Auto-Owners – This insurer consistently delivers some of the lowest premiums in the region, particularly for drivers with clean records.
- USAA – Exclusively serving military members and their families, USAA provides excellent value and top-notch customer service in Colorado Springs.
Lowest Rates for Minimum and Full Coverage
For the cheapest car insurance in Colorado Springs, our study shows American National, Geico, and USAA have the lowest minimum coverage rates. These rates start at $215, $274, and $298 a year, respectively. For full coverage, American National is the cheapest at $566 a year, followed by USAA at $749 and Allstate at $915.
Remember, your driving record, age, and credit score can change your car insurance costs in Colorado Springs. By comparing quotes from several top car insurance companies colorado springs, you can find the best rates minimum and full coverage colorado springs for your budget.
Average Cost of Car Insurance in Colorado Springs
Car insurance in Colorado Springs has a wide price range. The average cost for full coverage is $2,109 a year, higher than the state’s average. Minimum coverage costs about $621 annually, slightly above the national average.
Factors Affecting Car Insurance Premiums
Many things can change how much you pay for car insurance in Colorado Springs. These include:
- Your age
- Your credit score
- Your driving record
- The ZIP code where you live
Drivers with clean records and good credit pay less for insurance. But, accidents or traffic violations can raise your rates.
“The cheapest average rates for minimum coverage in Colorado are found with American National and Geico.”
To get the best deal on car insurance in Colorado Springs, compare quotes from different companies. Think about your own situation too.
Car Insurance Rates by Age in Colorado Springs
In Colorado Springs, car insurance rates change a lot with age. Young drivers, especially teenagers, pay much more than older, more experienced drivers. For example, a 16-year-old driver pays about $281 a month or $3,375 a year. But a 35-year-old driver only pays $54 a month or $654 a year.
Affordable Options for Teen Drivers
Finding cheap car insurance is hard for young drivers in Colorado Springs. But, some insurance companies offer better deals. Southern Farm Bureau, Geico, Auto-Owners, and USAA are good choices for teens looking to save money.
| Age Group | Average Annual Premium |
|---|---|
| Teens (16-19) | $7,616 |
| Young Adults (20-24) | $3,533 |
| Adults (25-59) | $2,207 |
| Seniors (60+) | $2,147 |
The table shows how car insurance rates change with age in Colorado Springs. By looking at these trends and choosing affordable options, young drivers can manage their costs and stay safe on the road.
Impact of Credit Score on Colorado Springs Car Insurance
Your credit score greatly affects your car insurance rates in Colorado Springs, CO. Insurance companies use credit scores to see how risky you are as a policyholder. Those with lower scores usually pay more for insurance.
Drivers with unfavorable credit scores in Colorado Springs might pay up to 50% more for car insurance. Insurers think poor credit means you’re more likely to file claims. So, they charge more to cover that risk.
| Insurance Company | Rates for Drivers with Poor Credit | Rates for Drivers with Excellent Credit |
|---|---|---|
| Geico | $163 per month | $121 per month |
| State Farm | $187 per month | $143 per month |
| Allstate | $211 per month | $168 per month |
Geico is the cheapest for bad credit in Colorado Springs, offering policies for $43 a month or $510 a year. But, drivers with excellent credit can save up to 25% with the same insurers.
Credit is just one factor in setting insurance rates. Your driving history, age, and vehicle type also matter in Colorado Springs.
“Insurers reported that they can now accept some customers who would have been denied coverage using only traditional underwriting criteria, thanks to the use of credit-based insurance scores.”
If your credit is poor, compare quotes from many insurers to find the best deal. Improving your credit score can also save you money on insurance over time.
How Driving Record Affects Car Insurance Costs
Your driving record is key in setting your car insurance rates in Colorado Springs. If you have a bad record, you’ll pay more for insurance than those with clean records.
Rates After a Speeding Ticket
A speeding ticket can raise your car insurance rates in Colorado Springs by 44%. This means a driver paying $1,574 yearly for full coverage could see rates jump to about $2,260 after a speeding ticket. Luckily, some insurers like Southern Farm Bureau offer better rates for drivers with speeding, charging an average of just $41 a month.
Rates After an At-Fault Accident
Being at fault in a car accident can increase your Colorado Springs car insurance rates by 74%. This raises the average yearly premium from $1,574 to about $2,752 for full coverage after an accident.
Rates After a DUI
Having a DUI on your record can make your car insurance rates in Colorado Springs jump by 79%. This leads to an average annual premium increase from $1,574 to roughly $2,810, greatly affecting your costs.
| Driving Incident | Average Rate Increase | Average Annual Premium |
|---|---|---|
| Speeding Ticket | 44% | $2,260 |
| At-Fault Accident | 74% | $2,752 |
| DUI | 79% | $2,810 |
These stats show that keeping a clean driving record is key to affordable car insurance in Colorado Springs. Violations like speeding, accidents, and DUIs can greatly increase your premiums. But, being a safe and responsible driver can help you get the best rates.
“Improving your driving habits can lower your auto insurance costs in Colorado Springs. Defensive driving courses and avoiding incidents like speeding tickets and accidents can save you hundreds, even thousands, of dollars per year.”
Car Insurance Quotes Colorado Springs CO by ZIP Code
Your ZIP code in Colorado Springs can greatly affect your car insurance rates. Things like traffic, population density, crime, and accidents change across the city. This can make your insurance costs up to 5.8% cheaper or 4.1% more than the average in Colorado Springs.
People living in Colorado Springs should remember that where they live affects their insurance costs. Knowing how location changes insurance rates helps drivers make better choices. They can find the best coverage that fits their budget and needs.
| ZIP Code | Average Car Insurance Rate | Difference from City Average |
|---|---|---|
| 80903 | $133 | -5.1% |
| 80904 | $146 | +4.3% |
| 80905 | $139 | -0.7% |
| 80907 | $142 | +1.4% |
| 80909 | $148 | +5.7% |
The car insurance rates by zip code colorado springs change a lot across the city. For instance, drivers in the 80903 ZIP code might pay 5.1% less than the average. But, those in the 80909 ZIP code could pay 5.7% more. It’s important to know how location affects insurance in Colorado Springs to find the best deals.
“Location, location, location – it’s not just a real estate mantra, but a key factor in determining car insurance rates in Colorado Springs as well.”
Types of Car Insurance Coverage in Colorado
When looking at car insurance in Colorado, drivers need to know the state’s minimums and extra coverage options. It’s key to understand the different types to get the right mix of cost and protection.
Minimum Required Coverage
In Colorado, all drivers must have certain car insurance. This includes:
- Bodily Injury Liability: $25,000 per person, $50,000 per accident
- Property Damage Liability: $15,000 per accident
- Uninsured/Underinsured Motorist: $25,000 per person, $50,000 per accident
- Medical Payments: $5,000 per accident
If you don’t have these coverages, you could face big fines, lose your license, and need an SR-22. This can make insurance in Colorado Springs much more expensive.
Optional Additional Coverage
Many drivers in Colorado Springs choose extra coverages to protect their cars and finances. These include:
- Comprehensive: Covers damage from things like theft, vandalism, or natural disasters.
- Collision: Helps pay for repairs or a new car if you hit something else.
- Rental Car Reimbursement: Covers the cost of a rental car while yours is being fixed.
- Roadside Assistance: Offers help with flat tires, jump-starts, lockouts, and more.
Knowing what car insurance is required in Colorado and the extra options helps drivers in Colorado Springs pick the best policy for their needs and budget.
How to Get Cheap Car Insurance in Colorado Springs
Finding affordable car insurance in Colorado Springs is easier than you think. With some smart moves, drivers can save a lot on their auto coverage. One great way is by using usage-based insurance programs, like Root’s app.
The Root app tracks your driving habits through your smartphone. It looks at things like how you brake, speed up, and use your phone while driving. By passing the app’s driving test, drivers in Colorado Springs could save up to $900 per year on insurance. This new way of setting insurance prices, based on how you drive, can lead to big savings for safe drivers.
There are more ways to cut down your car insurance costs in Colorado Springs. You can compare quotes from different companies, look for discounts, and keep a clean driving record. These steps are key to ways to save on car insurance in colorado springs and tips for finding affordable auto coverage in colorado springs.
| Insurance Provider | Minimum Coverage | Full Coverage |
|---|---|---|
| American National | $215 per year | $566 per year |
| GEICO | $339 per year | N/A |
| Colorado Farm Bureau | $274 per year | N/A |
| Allstate | $649 per year | N/A |
| Acuity | N/A | $1,405 per year |
By looking into these options and actively managing your car insurance, drivers in Colorado Springs can find affordable coverage.
“Root’s safe driving policy could potentially save drivers up to $900 a year on car insurance in Colorado Springs.”
Comparing Quotes for Best Rates
Finding the cheapest car insurance in Colorado Springs means shopping around and comparing quotes. Rates change a lot between companies. What’s cheapest for one driver might not be for another, because of things like age, where you live, and your driving record.
Importance of Shopping Around
Drivers in Colorado Springs who compare car insurance quotes from various providers often find the best rates. Comparing car insurance quotes Colorado Springs shows how prices vary. It helps you pick the most affordable option for your needs. Why shopping around for car insurance is important in Colorado Springs is it lets you avoid paying too much for coverage.
Our research shows State Farm has the cheapest car insurance in Colorado Springs. They charge about $62 a month for the basic coverage and $111 for full coverage. Full-coverage insurance averages $194 a month across the city, making State Farm much cheaper.
| Insurance Provider | Minimum Coverage | Full Coverage |
|---|---|---|
| State Farm | $62/month | $111/month |
| Citywide Average | $108/month | $194/month |
By comparing car insurance quotes Colorado Springs and shopping around for car insurance in Colorado Springs, drivers can save a lot. They make sure they’re getting the best rates for their coverage needs.
Top Discounts for Colorado Springs Drivers
Colorado Springs drivers need to find ways to save on car insurance. There are common discounts that residents can look into to lower their premiums. These discounts vary by insurer but are often available.
The good driver discount is a top choice. Drivers with clean records, no accidents, and no major traffic violations can save a lot. The good student discount is also popular. It rewards students with good grades with lower rates.
Defensive driving courses offer another chance for savings. By taking an approved course, drivers in Colorado Springs can get discounts. This can lead to big savings on their insurance.
Colorado Springs residents can also save by using safety features in their cars. Insurers give discounts to drivers with cars that have anti-lock brakes, airbags, and anti-theft devices. This can lower their insurance rates.
Bundling home and auto insurance is another smart move. Many providers offer discounts to customers who combine these policies. This can lead to big savings.
By looking into all the discounts they can get, Colorado Springs drivers can save on car insurance. This makes insurance more affordable.
| Discount Type | Description | Potential Savings |
|---|---|---|
| Good Driver | For drivers with clean records | Up to 25% |
| Good Student | For young drivers with high GPAs | Up to 15% |
| Defensive Driving | For completing an approved course | Up to 10% |
| Vehicle Safety Features | For cars with anti-lock brakes, airbags, etc. | Up to 15% |
| Bundle Home and Auto | For combining home and auto policies | Up to 20% |
How Your Driving Habits Impact Rates
Your driving habits are key in Colorado Springs when it comes to car insurance rates. Insurers look at your driving to figure out your risk level and set your premiums. Usage-based insurance (UBI) programs are a new way to make insurance more fair.
Usage-Based Insurance Programs
UBI, or pay-as-you-drive insurance, is becoming more popular in Colorado Springs. It uses tech like mobile apps or car devices to track your driving. This lets insurers offer rates based on how you drive.
For drivers in Colorado Springs, UBI can change the game. If you drive safely, you could get big discounts. This is great for young or high-risk drivers who usually pay more.
Root Insurance is a UBI program in Colorado Springs. By using the Root app and driving a test route, you can show how well you drive. If you’re safe and careful, you could save a lot on insurance each year.
To save money with UBI in Colorado Springs, drive well. Avoid speeding and risky moves to show you’re a safe driver. This could lower your insurance rates.
Your driving habits really affect your car insurance rates in Colorado Springs. By using UBI and driving safely, you can control your insurance costs. This gives you peace of mind and saves you money.
Insuring High-Risk Drivers in Colorado Springs
Finding car insurance in Colorado Springs can be tough for drivers with bad driving records. But, there are ways to get the coverage you need.
High-risk drivers often pay more, up to $1,761 a year. Yet, companies like Southern Farm Bureau, State Farm, and USAA offer affordable options for those with poor driving histories in Colorado Springs.
- Root customers in Colorado could save up to $900 a year on car insurance compared to high-risk drivers.
- Failing to keep your Colorado car insurance active with an SR-22 could result in losing your driver’s license again.
- Root also offers Collision, Rental Car, Personal Injury Protection, Medical Payments, Comprehensive (including glass coverage), and Roadside Assistance in Colorado.
For high-risk drivers in Colorado Springs, it’s key to compare quotes from different companies. This helps find the best rates and coverage that meet your needs. By looking into these special programs and discounts, even those with a bad driving record can get the protection they need.
| Car Insurance Company | Specialty |
|---|---|
| Geico | Best for budget-conscious drivers |
| Progressive | Best for high-risk drivers |
| State Farm | Best for personalized service |
| Auto-Owners | Best for customizable coverage |
| USAA | Best for military families and veterans |
By exploring the options and comparing quotes, high-risk drivers in Colorado Springs can find the coverage for drivers with poor driving records in colorado springs they need. This ensures they stay safe on the roads.
Tips for Lowering Car Insurance Premiums
Drivers in Colorado Springs often look for ways to cut their car insurance costs. Luckily, there are several strategies that can help keep premiums low. Colorado Springs residents can use these tips to save money on their car insurance.
Maintaining a Good Driving Record
Keeping a clean driving record is a key way to lower car insurance costs in Colorado Springs. Avoiding accidents and tickets helps drivers get the best rates. Safe driving in Colorado means lower insurance costs, showing how important it is to drive responsibly.
Bundling Policies
Another great way to get cheap auto coverage in Colorado Springs is to bundle your home and auto insurance. This can lead to big savings since insurers often give discounts for bundling. Bundling makes things easier and can lower your insurance costs.
Using these tips, Colorado Springs drivers can reduce their car insurance costs. They can make sure they’re getting the best value for their insurance money.
“Maintaining a clean driving record and bundling policies are two of the most effective ways for Colorado Springs drivers to lower their car insurance premiums.”
| Strategy | Potential Savings |
|---|---|
| Maintaining a Good Driving Record | Lowest policy rates for safe drivers |
| Bundling Home and Auto Policies | Significant discounts, typically 15-30% |
| Increasing Deductibles | Up to 40% reduction in collision and comprehensive coverage costs |
| Usage-Based Insurance (UBI) | Around 10% discount for safer drivers |
| Improving Credit Score | Potential savings on premiums |
Dealing with Car Insurance Rate Increases
If you live in Colorado Springs, you might have seen car insurance rates go up a lot lately. The average car insurance premium in Colorado has jumped by 53% since 2013. This makes Colorado one of the pricier places to insure your car. High theft rates, a growing population, and more accidents and deaths on the roads are some reasons why rates have risen.
When dealing with car insurance rate hikes in Colorado Springs or what to do when car insurance premiums go up in Colorado Springs, here are some tips to help:
- Shop around and compare quotes. Don’t just take the first rate you see. Check with several insurers to find the best deal for you.
- Look for discounts. You might qualify for lower rates if you have safety features, drive safely, or bundle policies.
- Review your coverage. See if you can lower your premiums by adjusting your deductibles or reducing optional coverage.
- Keep a clean driving record. Avoid tickets and accidents to help keep your rates down.
Dealing with higher car insurance costs in Colorado Springs can be tough. But, being proactive and careful with your coverage can really help. By following these steps, you can handle car insurance rate hikes in Colorado Springs and control your car insurance premiums.
“One car owner in Colorado saw their insurance costs rise from nearly $180 a month in 2022 to $388 a month in 2024, a staggering 116% increase.”
Reviewing your policy and comparing quotes from different providers can lead you to the best coverage at a good price. This ensures you’re not paying too much for your car insurance in Colorado Springs.
Choosing the Right Coverage Levels
When picking determining appropriate car insurance coverage levels in Colorado Springs, it’s key to balance cost and protection. Colorado requires only Liability and Uninsured/Underinsured Motorist coverage. But, adding Comprehensive and Collision coverages can protect your vehicle more.
Deciding on coverage depends on your vehicle’s value and your financial situation. By carefully looking at your needs, Colorado Springs residents can find a policy that offers good protection without costing too much.
The average car insurance cost in Colorado is $97.30 per month for a liability-only policy from Progressive. Yet, drivers who switch and save with Progressive save nearly $750 on average. This shows that comparing quotes can help Colorado Springs residents get the best coverage at a good price.
| Insurance Provider | Average Savings for Switching Customers |
|---|---|
| Allstate | $775 |
| GEICO | $740 |
| State Farm | $565 |
By thinking about your vehicle’s value, your driving record, and your finances, Colorado Springs residents can choose the right coverage. This way, they can protect their car and their money.
Conclusion
The data shows us a lot about car insurance in Colorado Springs. The average cost here is higher than the national average. But, there are ways for people to get affordable coverage.
Things like age, credit score, driving record, and where you live can change how much you pay. So, it’s smart for drivers in Colorado Springs to look around, compare prices, and use discounts to save money.
Using apps like Root’s can also help save up to $900 a year. By knowing about car insurance in Colorado Springs and making smart choices, drivers can get the right coverage without spending too much.
To find cheap auto insurance in Colorado Springs, compare prices from different companies, look for discounts, and think about usage-based insurance. With the right strategy, drivers can get the protection they need without spending a lot.
Source Links
- Car insurance in Colorado Springs | Root Insurance
- Cheap Car Insurance in Colorado Springs, Colo.
- Home & Auto Insurance in Colorado Springs, CO
- Cheapest Car Insurance Companies in Colorado Springs, CO (2024 Rates)
- Best Cheap Car Insurance in Colorado Springs, CO in 2024 | Bankrate
- Best Car Insurance in CO Springs, CO (2024) – Policygenius
- Best Auto Insurance In Colorado Springs, Colorado-Your Guide To Affordable Rates In 2024
- Average Cost of Car Insurance in Colorado in 2024 | Bankrate
- Average car insurance cost in Colorado Springs, CO
