Auto Insurance in Colorado Springs CO

Car insurance in Colorado Springs, Colorado, can be pricey. Full coverage policies average $292 a month or $3,499 a year. This is 7% higher than the state average. But, drivers who shop around can find cheaper options.

For example, minimum coverage policies average $52 a month or $621 a year. This makes them the most affordable choice.

Key Takeaways

Full coverage car insurance in Colorado Springs costs 7% more than the state average
Minimum coverage policies average $52 per month, making them the most affordable option
Comparing quotes from multiple insurers is crucial to finding the best rates in Colorado Springs
Factors like age, driving record, and credit score can significantly impact car insurance costs
GEICO, Progressive, and State Farm are among the top insurers in the Colorado Springs area

Top Car Insurance Companies in Colorado Springs

When looking for the best car insurance in Colorado Springs, a few companies stand out. Geico, Progressive, and State Farm are top choices, each offering special benefits to drivers.

Geico: Best for Budget-Conscious Drivers

Geico is a top pick for those wanting to save money on car insurance in Colorado Springs. It offers competitive rates and many discounts. The average annual cost for basic coverage starts at just $302.

Progressive: Best for High-Risk Drivers

Progressive is great for drivers in Colorado Springs who are considered high-risk. This includes those with past accidents or DUIs. They offer rates that are often lower than other companies for these drivers.

State Farm: Best for Personalized Service

State Farm is a favorite in Colorado Springs for personalized service. They have a wide range of coverage options and discounts tailored to each driver’s needs. This makes them a great choice for those who want a more customized insurance plan.

By learning about these top companies, drivers in Colorado Springs can make a smart choice. They can find car insurance that meets their specific needs and budget.

Average Cost of Car Insurance in Colorado Springs

Colorado Springs is a city known for its beautiful mountains and strong economy. The cost of car insurance here varies by coverage level. On average, drivers pay $2,179 per year for insurance, which is a bit more than the state average.

Full Coverage Rates

Drivers looking for full coverage car insurance in Colorado Springs pay about $3,499 annually or $292 monthly. This is 7% higher than the state average. It shows how important it is to shop around for the best deals.

Minimum Coverage Rates

The cost for minimum coverage car insurance in Colorado Springs is $621 yearly or $52 monthly. This is about 5% above the national average of $625 yearly.

Coverage Type	Average Annual Premium	Average Monthly Premium
Full Coverage	$3,499	$292
Minimum Coverage	$621	$52

Knowing the average car insurance costs in Colorado Springs helps drivers make better choices. They can find coverage that meets their needs and budget.

Cheapest Minimum Coverage Providers

Looking for the cheapest car insurance in Colorado Springs? Several providers are great for minimum coverage. American National, Geico, and USAA offer rates from $360 to $393 a year.

American National has the cheapest coverage at $215 a year. Geico and USAA are close with rates of $360 and $393 annually.

Provider	Minimum Coverage Annual Rate
American National	$215
Geico	$360
USAA	$393

Minimum coverage is the cheapest but might not cover everything in an accident. Drivers should think about what they need to stay safe and financially secure in Colorado Springs.

“Choosing the right minimum coverage car insurance can be a delicate balance between cost and coverage. It’s essential to weigh your options and select a policy that aligns with your driving habits and financial situation.”

By looking at these top providers, drivers in Colorado Springs can get a good policy. They can save money without losing important protection on the road.

Cheapest Full Coverage Providers

Looking for the cheapest full coverage car insurance in Colorado Springs? You have many affordable options. GEICO is a top pick, with full coverage costs averaging just $1,518 a year.

USAA and State Farm also offer great deals. They charge about $1,706 and $1,731 annually for full coverage. These prices are way below the city’s average of $2,415 a year.

Insurance Provider	Average Annual Cost for Full Coverage
GEICO	$1,518
USAA	$1,706
State Farm	$1,731

Comparing quotes from these cheapest full coverage car insurance providers in Colorado Springs can save you a lot. You’ll get the coverage you need without breaking the bank.

“Opting for minimum coverage in Colorado can save money, with an average cost of $547 annually or $46 per month.”

How Age Affects Car Insurance Rates

Car insurance rates in Colorado Springs change a lot based on the driver’s age. Young drivers, especially those under 25, often pay more because they have less experience and are more likely to have accidents.

A 16-year-old driver in Colorado Springs might pay about $3,375 a year for full coverage. But a 25-year-old would pay around $800 a year for the same coverage. That’s a big difference of over $2,500 a year.

Cheapest Providers for Teen Drivers

For young drivers in Colorado Springs, some of the best deals on minimum coverage come from Southern Farm Bureau, Geico, Auto-Owners Insurance, and USAA. These companies offer discounts and programs just for teen and young adult drivers.

Provider	Minimum Coverage Rate (Annually)
Southern Farm Bureau	$1,300
Geico	$1,400
Auto-Owners Insurance	$1,500
USAA	$1,550

Knowing how age affects car insurance rates by age colorado springs helps young drivers find the best deals. They can look at car insurance for young drivers colorado springs options to save money.

Impact of Credit Score on Car Insurance

In Colorado Springs, your credit score can affect your car insurance rates. Drivers with poor credit often pay more than those with good credit. But, insurance companies can’t just look at your. They must also consider your driving history, age, and the car you drive.

Geico offers the cheapest car insurance for drivers with bad credit in Colorado Springs. Their rates average $510 per year, which is 7% less than the state average for those with good credit.

Insurance Provider	Average Rates for Minimum Coverage (Poor Credit)
Geico	$510 per year
Progressive	$571 per year
State Farm	$625 per year

Credit score is just one factor in setting your car insurance rates in Colorado Springs. Your driving history, age, and the car you drive also matter a lot.

“Around two-thirds of customers benefit from lower insurance premiums due to good insurance scores.”

If you have poor credit, don’t worry. You can still find affordable car insurance in Colorado Springs. Shop around, look for discounts, and keep a clean driving record. Remember, your credit score isn’t the only thing insurers look at. Focus on being a responsible driver overall.

auto insurance in colorado springs co

Driving in Colorado Springs has its own set of challenges. Having the right auto insurance is key. On average, Coloradans pay $1,574 a year for car insurance. Rates in Colorado Springs are often higher than the state average.

It’s important to compare quotes from different providers to get the best deal. Geico, Progressive, and State Farm are top insurers here. Geico offers budget-friendly options, Progressive helps high-risk drivers, and State Farm provides personalized service.

Colorado law requires a minimum of $25,000 per person and $50,000 per accident for Bodily Injury Liability. You also need $15,000 per accident for Property Damage Liability. But, it’s wise to choose more comprehensive coverage to protect yourself and your assets.

The average cost of full coverage auto insurance in Colorado Springs is about 21% higher than the national average.
The average cost of minimum coverage auto insurance in Colorado Springs is about 5% higher than the national average.

To find affordable options, compare quotes from various auto insurance providers in Colorado Springs. Shopping around can help you save hundreds on your premiums each year.

“Protecting your vehicle and your financial future is essential, and the right auto insurance coverage can provide the peace of mind you need on the roads of Colorado Springs.”

How Driving Record Impacts Rates

Your driving record is key to your car insurance rates in Colorado Springs. A speeding ticket can raise your rates by 44%. An at-fault accident can increase them by 74%. And a DUI can raise them by 79%. But, some insurance companies are more lenient than others.

Cheapest Providers After a Speeding Ticket

If you have a speeding ticket, Southern Farm Bureau, USAA, and Geico offer the cheapest coverage in Colorado Springs. They believe a single traffic ticket doesn’t mean you’re a high-risk driver. They offer competitive rates to help you get back on the road.

Cheapest Providers After an At-Fault Accident

An at-fault accident can make your car insurance rates go up in Colorado Springs. Southern Farm Bureau and USAA are the cheapest for minimum coverage. They offer rates of $455 and $582 a year, respectively. They know accidents can happen and offer reasonable premiums.

Cheapest Providers After a DUI

Drivers with a DUI can expect higher car insurance rates in Colorado Springs, with rates going up by 79%. But, Southern Farm Bureau, State Farm, and Geico offer the cheapest coverage for this group. Their annual rates range from $533 to $732.

Keeping a clean driving record is the best way to keep your insurance rates low in Colorado Springs. But if you’ve had a mistake, it’s important to shop around. Compare quotes from different insurers to find the best coverage for your needs.

Car Insurance Rates by ZIP Code

Car insurance rates in Colorado Springs, Colorado, can change a lot based on the ZIP code. Things like traffic, crime rates, and accidents affect how much you pay for insurance.

Our research shows that monthly auto insurance rates in Colorado Springs can go from $86.94 to $298.08. This depends on the ZIP code. Some areas are up to 5.8% cheaper or 4.1% more expensive than the average of $165.79 per month.

ZIP Code	Average Monthly Rate	Difference from City Average
80903	$86.94	-5.8%
80904	$174.32	+5.1%
80905	$298.08	+4.1%
80907	$138.76	-16.3%
80909	$174.32	+5.1%

Understanding colorado springs car insurance rates by zip code helps drivers in Colorado Springs make better choices. They can find the cheapest car insurance by zip code colorado springs for their area.

“Knowing the impact of your ZIP code on car insurance rates can help you find the most affordable coverage in Colorado Springs.”

Conclusion

Finding cheap car insurance in Colorado Springs means looking at different quotes from many companies. Things like your age, credit score, driving record, and where you live can change how much you pay. Knowing about average rates and top insurers helps Colorado Springs folks pick the best insurance for their budget and needs.

There are many coverage options available, from basic to full coverage. It’s important to know what Colorado Springs requires for insurance and what extra coverages are good to have. This includes things like coverage for accidents with uninsured drivers and medical payments.

When looking for car insurance, focus on customer satisfaction, coverage choices, and price. This way, Colorado Springs drivers can find policies that fit their needs. Whether you want something affordable or a full-coverage plan, doing your homework and comparing options can save you money and give you peace of mind.

FAQ

What is the average cost of full coverage car insurance in Colorado Springs?

In Colorado Springs, the average cost for full coverage car insurance is ,499 yearly or 2 monthly. This is 7% higher than the state average.

What is the average cost of minimum coverage car insurance in Colorado Springs?

Minimum coverage car insurance in Colorado Springs costs about 1 yearly or monthly. This is about 5% above the national average.

What are the cheapest providers for minimum coverage car insurance in Colorado Springs?

American National, Geico, and USAA offer the cheapest minimum coverage car insurance in Colorado Springs. Their average annual rates range from 0 to 3.