Finding the best auto insurance in Colorado Springs can be tough. But knowing what affects car insurance rates can help drivers make better choices. Full coverage insurance in Colorado Springs is 7% more expensive than the state average. The average cost for a full coverage policy is $2,109 a year, which is more than the state’s average of $1,852.
Still, Colorado Springs drivers can save money by shopping around and comparing quotes. The top five car insurance companies in the city are Geico, Progressive, State Farm, Auto-Owners, and USAA. Each company offers different features and benefits to customers.
Key Takeaways
- Full coverage Colorado Springs car insurance costs 7% more than the state average.
- The average annual cost of full coverage car insurance in Colorado Springs is $2,109.
- Drivers can find the cheapest minimum coverage from American National, Geico, and USAA.
- Geico, USAA, and State Farm often offer the most affordable full coverage policies.
- Shopping around and comparing quotes can help Colorado Springs drivers find the best car insurance rates.
Introduction
This article will dive deep into the best auto insurance options in Colorado Springs, Colorado. We’ll look at what affects car insurance rates, highlight top insurance companies, and compare costs for different policies. Our aim is to help drivers in Colorado Springs find affordable and comprehensive car insurance.
We’ve looked at over 232 car insurance agencies in Colorado Springs to make your choice easier. We’ve picked the top 17 providers. These companies offer great coverage, good prices, and excellent customer service. They ensure you get the protection you need without breaking the bank.
| Company | Year Established | Key Details |
|---|---|---|
| ALINK Insurance Services | 1959 | Serving Colorado Springs for over 60 years |
| WestCo Insurance | N/A | Led by principal JP West with over 10 years of experience |
| Elite Insurance Services | N/A | Provides various coverage options for vehicles |
| Eklund Insurance, LLC | 1986 | Founded in 1986, with 90 years of combined team experience |
| Southern Colorado Insurance Center | N/A | Insures boats and motorcycles |
When looking at your options, think about customer reviews, ratings, and the coverage and discounts each provider offers. With the right auto insurance policy, you can drive with confidence and peace of mind in Colorado Springs.
“Finding the right car insurance can be a daunting task, but this comprehensive guide will make the process much easier. I’m confident that the information provided will help me find the most affordable and comprehensive coverage for my needs.”
Factors Affecting Car Insurance Rates in Colorado Springs
Car insurance rates in Colorado Springs change a lot based on several factors. These include the ZIP code, driving history, and age. Knowing these can help people in Colorado Springs find cheaper insurance.
Location and ZIP Code
Insurance costs in Colorado Springs differ by neighborhood and ZIP code. Busy areas with lots of cars and high theft rates lead to higher insurance costs. The cheapest ZIP code for insurance is 80919, with rates averaging $1,955 per year.
Driving Record
Accidents, speeding tickets, and DUIs greatly affect insurance rates in Colorado Springs. A speeding ticket can raise rates by 44%, an accident by 74%, and a DUI by 79%. Southern Farm Bureau and USAA offer cheaper rates for drivers with past violations.
Age and Credit Score
Young and old drivers, plus those with poor credit, pay more for insurance in Colorado Springs. 16-year-olds pay about $281 a month, but rates drop as drivers get older. Those with low credit can get the best rates from Geico.
Top Car Insurance Companies in Colorado Springs
When looking for the best car insurance in Colorado Springs, a few companies really stand out. Let’s explore three top choices and see how they meet the needs of drivers here.
GEICO: Best for Budget-Conscious Drivers
GEICO is a top pick for those wanting affordable full coverage car insurance in Colorado Springs, with rates around $1,518 a year. It’s also known for its solid financial standing and customer service, perfect for those watching their budget.
Progressive: Best for High-Risk Drivers
For drivers in Colorado Springs with a history of speeding tickets or accidents, Progressive is a good choice. Even though their full coverage rates are a bit higher at $3,338 annually, they might offer better deals for those considered high-risk.
State Farm: Best for Personalized Service
State Farm is famous for its personalized customer service, great for drivers in Colorado Springs who like a closer relationship with their agent. With average full coverage rates of $1,731 a year, it’s also a budget-friendly option.
| Insurance Company | Average Full Coverage Rates | Key Strengths |
|---|---|---|
| GEICO | $1,518 per year | Affordable, strong financial and customer service ratings |
| Progressive | $3,338 per year | Competitive rates for high-risk drivers |
| State Farm | $1,731 per year | Personalized customer service, fairly affordable |
Cheapest Minimum Coverage Car Insurance in Colorado Springs
Finding the most affordable car insurance in Colorado Springs is key. Southern Farm Bureau has the lowest rates for the minimum coverage needed in Colorado, at $30 per month or $360 a year. They are the top pick for drivers on a budget who need liability protection.
USAA and Geico also offer cheap minimum coverage in Colorado Springs. They charge about $32 and $33 per month, respectively. These companies make it easy for drivers to get the required liability protection without spending a lot.
| Insurance Provider | Average Monthly Cost for Minimum Coverage |
|---|---|
| Southern Farm Bureau | $30 |
| USAA | $32 |
| Geico | $33 |
Choosing these affordable options means Colorado Springs drivers can meet the state’s minimum insurance requirements without breaking the bank. By comparing quotes from these providers, you can find the best deal for your needs.
Cheapest Full Coverage Car Insurance in Colorado Springs
Residents of Colorado Springs can find affordable full coverage auto insurance from top providers. Full coverage car insurance includes liability, comprehensive, and collision coverage. It costs an average of $2,428 per year in Colorado. This is about 21% higher than the national average of $2,008 per year.
Geico offers the cheapest full coverage rates in the city at $1,518 annually. USAA comes next at $1,706, and State Farm at $1,731 per year on average.
Average Annual Costs
| Insurance Provider | Average Annual Cost for Full Coverage |
|---|---|
| Geico | $1,518 |
| USAA | $1,706 |
| State Farm | $1,731 |
By comparing quotes from top insurers like Geico, USAA, and State Farm, Colorado Springs drivers can find the most affordable full coverage options. This helps meet their unique needs and budgets.
Car Insurance Rates by ZIP Code in Colorado Springs
Location and ZIP code are key in Colorado Springs for car insurance rates. The city’s different neighborhoods and living costs affect how much drivers pay for insurance.
The cheapest ZIP code for car insurance in Colorado Springs is 80919. It has an average annual rate of $1,955 for full coverage. Other cheap areas are 80904 ($2,006 per year) and 80921 ($2,010 per year).
| ZIP Code | Average Annual Rate for Full Coverage |
|---|---|
| 80919 | $1,955 |
| 80904 | $2,006 |
| 80921 | $2,010 |
| 80929 | $2,092 |
| 80903 | $2,097 |
The most expensive areas for car insurance are 80929 and 80903. Both average over $2,090 annually for full coverage. Drivers in these areas pay much more for insurance than others in the city.
Knowing how car insurance rates vary by ZIP code helps Colorado Springs drivers make better choices. By comparing rates and finding the best deals in their area, they can save hundreds on insurance each year.
Car Insurance Rates for Drivers with Violations in Colorado Springs
In Colorado Springs, drivers with certain violations on their record face higher car insurance rates. The impact of these infractions varies by insurance provider.
Rates for Drivers with DUIs
Drivers in Colorado Springs with a DUI see a big hike in car insurance rates. On average, a DUI raises premiums by 79%. Yet, Southern Farm Bureau offers the cheapest DUI coverage at $44 per month or $533 annually. State Farm follows at $46 per month, and Geico at $61 per month.
Rates for Drivers with Speeding Tickets
Speeding tickets lead to higher car insurance costs in Colorado Springs, with a 44% average increase. USAA offers the best rates for speeding violations, at $40 per month or $477 annually. Southern Farm Bureau and Geico are also good choices for drivers with speeding tickets.
“Maintaining a clean driving record is crucial for keeping car insurance costs low in Colorado Springs.”
Car Insurance Rates for Drivers with Poor Credit in Colorado Springs
Having a low credit score can really raise car insurance rates in Colorado Springs. On average, rates go up by over 30% for those with poor credit compared to those with good credit. Geico offers the cheapest options for drivers with poor credit, costing $43 a month or $510 a year.
For drivers with poor credit, full coverage car insurance in Colorado Springs costs about $319 a month. This is compared to $223 a month for those with good credit who choose State Farm. This shows how much a low credit score can increase insurance costs.
To lower these higher costs, drivers in Colorado Springs should compare quotes from different insurers. By shopping around, they can save hundreds of dollars a year on insurance.
Other factors like driving history, age, and location also affect insurance costs in Colorado Springs. By understanding these factors, drivers can find the most affordable insurance options. This helps them meet their needs and budget.
best auto insurance colorado springs
The top auto insurance companies in Colorado Springs are Geico, USAA, and State Farm. They are known for their affordable rates, excellent customer service, and strong financial health. This makes them leaders in the local market.
Geico: Most Affordable Full Coverage
Geico is the go-to for affordable full coverage auto insurance in Colorado Springs. Their rates are about $1,518 a year, much lower than the city average of $2,428. They also offer easy-to-use online tools and 24/7 customer support, making them a great choice for those on a budget.
USAA and State Farm: Competitive Pricing and Service
USAA and State Farm may not have the cheapest rates, but they offer great value. They have strong customer service and are financially stable. USAA is perfect for military members and their families. State Farm has a large network of agents and many coverage options.
These three companies offer reliable auto insurance at great prices in Colorado Springs. By comparing quotes and looking at what each offers, locals can find the best policy for their budget and needs.
| Insurance Provider | Avg. Annual Full Coverage Cost | Key Strengths |
|---|---|---|
| Geico | $1,518 | Most affordable full coverage rates, user-friendly digital experience |
| USAA | $1,785 | Competitive pricing, strong customer service, tailored for military families |
| State Farm | $2,050 | Competitive pricing, extensive agent network, variety of coverage options |
Comparing Quotes and Finding the Best Rates
To get the best auto insurance rates in Colorado Springs, drivers should compare quotes from many providers. Discounts for safe driving, good credit, or insuring more vehicles can save a lot. Also, combining home and auto insurance with one carrier can lower costs.
Discounts and Bundling
Smart drivers in Colorado Springs can lower their auto insurance costs with various discounts. Some top discounts include:
- Safe driving discounts for a clean driving record
- Good credit discounts for a high credit score
- Multi-vehicle discounts for insuring more cars
- Bundling discounts for combining home and auto insurance
By looking into these discounts and bundling policies, Colorado Springs folks can cut their insurance costs. This helps them find the best rates for their budget.
“I switched to GEICO and saved over $50 a month on my auto insurance in Colorado Springs. The process was quick and easy, and the customer service has been great.” – Sarah, Colorado Springs Resident
| Insurance Provider | Average Monthly Cost for Minimum Coverage | Average Monthly Cost for Full Coverage |
|---|---|---|
| Liberty Mutual | $196 | $450.60 |
| State Farm | $215 | $566 |
| GEICO | $302 | $450 |
| American National | $215 | $566 |
| Colorado Farm Bureau | $274 | $649 |
Colorado’s Minimum Car Insurance Requirements
In Colorado, all drivers must have a certain level of car insurance. You need at least $25,000 for bodily injury per person, $50,000 for each accident, and $15,000 for property damage. This is the minimum to legally drive in Colorado.
But, experts say you should think about getting more insurance. Getting higher coverage means better protection if you’re in an accident. Think about your car’s value, your driving record, and how much risk you’re okay with when picking your coverage.
- Bodily injury liability coverage: $25,000 per person, $50,000 per accident
- Property damage liability coverage: $15,000 per accident
- Uninsured/Underinsured motorist coverage: $25,000 per person, $50,000 per accident
- Medical payments coverage: $5,000 (automatically offered unless rejected)
Knowing the minimums and extra options helps Colorado drivers stay safe on the road. Talking to an insurance agent can help find the right policy for you. This way, you can be sure you’re covered.
“Adequate car insurance coverage is essential for Colorado drivers to protect themselves and their assets in the event of an accident.”
Tips for Lowering Car Insurance Costs in Colorado Springs
As a Colorado Springs driver, you can lower your car insurance costs in several ways. Comparing quotes and taking advantage of discounts are good starts. You can also keep a clean driving record, boost your credit score, and choose higher deductibles.
Keeping a clean driving record is key. Safe drivers in Colorado get cheaper insurance because insurers like responsible drivers. Staying away from traffic tickets and accidents can cut your premiums a lot.
Improving your credit score is another smart move. Insurers use credit info to set insurance prices, and those with good credit often pay less. Boosting your credit can lower your insurance costs.
Choosing higher deductibles can save you money too. Going from a $200 to a $500 deductible can save 15 to 30% on collision and comprehensive coverage. A $1,000 deductible could save you up to 40%.
Also, regularly check and adjust your coverage to avoid paying for things you don’t need. Making sure your policy matches your current needs can help you save on car insurance in Colorado Springs.
| Insurance Provider | Annual Premium for Full Coverage | MoneyGeek Score |
|---|---|---|
| American National P&C | $566 | 83 out of 100 |
| Acuity | $1,405 | 78 out of 100 |
| Colorado Farm Bureau | $818 | N/A |
| American Family | $884 | 69 out of 100 |
| Auto-Owners Insurance Co | $1,021 | 65 out of 100 |
| USAA (military only) | N/A | 78 out of 100 |
By using these tips, drivers in Colorado Springs can lower their car insurance costs and get more affordable coverage.
Conclusion
Finding the best auto insurance in Colorado Springs means looking at many factors. These include coverage options, customer service, financial strength, and cost. By shopping around and using discounts, drivers can get good coverage at a fair price. Top companies like Geico, USAA, and State Farm offer great rates and products for Colorado Springs drivers.
When looking at car insurance in Colorado Springs, there are many choices. Your location, driving history, age, and credit score affect your rates. It’s important to compare quotes from different providers to find the best deal. Using discounts, bundling policies, and knowing Colorado’s minimum coverage can help you save money.
Whether you’re watching your budget, have a high-risk driving record, or want personalized service, Colorado Springs has you covered. By researching and comparing options, you can make a smart choice. This way, you get reliable and affordable car insurance coverage.
Source Links
- Best Cheap Car Insurance in Colorado Springs, CO in 2024 | Bankrate
- Best Car Insurance in CO Springs, CO (2024) – Policygenius
- 17 Best Colorado Springs, CO Local Car Insurance Agencies | Expertise.com
- Cheapest Car Insurance in Colorado
- Car Insurance In Colorado | Fred Loya Insurance
- Car Insurance Rates by State in 2024 | Ranking Most and Least Expensive States
- Colorado Auto Insurance Premiums
- How Much Is Car Insurance in Colorado? (August 2024)
- Cheap Car Insurance in Colorado Springs, Colo.
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