As a driver in Colorado Springs, CO, finding the right car insurance is key. The average cost for full coverage is $292 a month, while minimum coverage is $52. To get the best deal, it’s smart to shop around and compare quotes from insurers like Geico, Progressive, and State Farm. These top companies offer various coverage options and competitive rates for different drivers.
Key Takeaways
- The average cost of car insurance in Colorado Springs is $292 per month for full coverage and $52 for minimum coverage.
- The top car insurance companies in Colorado Springs include Geico, Progressive, and State Farm, offering affordable coverage options.
- Drivers can save money by comparing quotes from multiple insurers and taking advantage of available discounts.
- Colorado requires minimum liability coverage of $25,000/$50,000/$15,000, as well as uninsured/underinsured motorist coverage.
- Additional coverage options like collision and comprehensive insurance can provide comprehensive protection for Colorado Springs drivers.
The Cheapest Car Insurance Companies in Colorado Springs
Looking for affordable car insurance in Colorado Springs, CO? Two companies are known for their low rates: Southern Farm Bureau and Geico.
Southern Farm Bureau: Affordable Minimum Coverage
Drivers wanting minimum coverage in Colorado Springs should check out Southern Farm Bureau. Their policies start at just $30 a month or $360 a year. This is about 5% cheaper than the average in the city.
Geico: Best Overall Value for Full Coverage
For full coverage in Colorado Springs, Geico is the top choice. Their rates average $126 a month or $1,518 a year. This is almost 21% less than what most people pay for full coverage.
By comparing quotes from these cheapest car insurance companies in Colorado Springs, drivers can find great coverage at low prices.
| Provider | Minimum Coverage | Full Coverage |
|---|---|---|
| Southern Farm Bureau | $30/month or $360/year | N/A |
| Geico | N/A | $126/month or $1,518/year |
Using Southern Farm Bureau for minimum coverage and Geico for full coverage, drivers in Colorado Springs can get the best rates. They’ll get the minimum coverage car insurance in Colorado Springs or the full coverage car insurance in Colorado Springs they need.
Average Cost of Car Insurance in Colorado Springs
Finding the right auto insurance in Colorado Springs can be tricky. Many things affect how much you’ll pay. The average car insurance cost in Colorado Springs is a bit higher than the national average. But, with some shopping around, drivers can find good deals.
Minimum Coverage Rates
The average cost of minimum coverage car insurance in Colorado Springs is about $54 a month or $654 a year. This is about 5% more than the national average. This basic coverage meets the state’s minimums and is a good choice for those watching their budget.
Full Coverage Rates
If you want more protection, the average cost of full coverage car insurance in Colorado Springs is $202 a month or $2,428 a year. This is about 21% more than the national average. Full coverage includes collision and comprehensive coverage. It offers more financial protection if you’re in an accident or if something else happens to your car.
| Coverage Level | Average Monthly Cost | Average Annual Cost | Comparison to National Average |
|---|---|---|---|
| Minimum Coverage | $54 | $654 | 5% higher |
| Full Coverage | $202 | $2,428 | 21% higher |
Knowing the average cost of car insurance in Colorado Springs helps drivers make better choices. They can look for the best coverage that fits their budget and driving habits.
Factors Affecting Car Insurance Rates in Colorado Springs
Car insurance rates in Colorado Springs can change a lot based on different things. A driver’s age, credit score, driving history, and where they live all matter. These things help decide how much insurance costs.
How old a driver is is a big factor in Colorado Springs. Young drivers, especially those under 25, usually pay more because they’re newer to driving. They’re more likely to be in accidents. Drivers in Colorado Springs will see their rates go down as they get more experience and drive safely.
A driver’s credit score also plays a big part. Insurers in Colorado Springs look at credit scores to see how risky a driver is. Those with bad credit often pay more. Factors affecting car insurance rates in Colorado Springs include not just driving history but also how well a driver manages money, shown in their credit.
Driving history is another big thing that matters. If a driver has had tickets, accidents, or made claims, they’re seen as a bigger risk. This means they’ll likely pay more for Colorado Springs car insurance rates.
Where a driver lives in Colorado Springs can also change their insurance costs. Some areas are seen as riskier because of crime, traffic, or natural disasters. This can make insurance more expensive for people living there.
| Factor | Impact on Colorado Springs Car Insurance Rates |
|---|---|
| Age | Younger drivers pay higher premiums |
| Credit Score | Lower credit scores lead to higher rates |
| Driving History | Violations, accidents, and claims result in higher rates |
| ZIP Code | Certain neighborhoods may be considered higher-risk, leading to increased premiums |
Knowing what affects car insurance rates in Colorado Springs can help drivers make better choices. This can lead to finding coverage that’s more affordable and suits their needs.
Cheapest Car Insurance for Teen Drivers in Colorado Springs
Finding the right car insurance can be tough, especially for young drivers in Colorado Springs. Luckily, some insurers offer affordable options just for teen drivers.
Our research shows that cheapest car insurance for teen drivers in Colorado Springs is with USAA. Their rates start at $75 a month. 
Geico and Liberty Mutual also offer good deals, starting at $84 and $95 a month, respectively.
These companies are not only budget-friendly but also well-regarded for their reliability, customer service, and coverage options. USAA, for example, has a top A+ rating from A.M. Best. Geico and Liberty Mutual have A++ and A ratings, too.
Remember, teen driver car insurance rates in Colorado Springs can change a lot. This depends on your age, gender, driving record, and coverage type. Generally, male teens pay a bit more because they’re seen as higher risk.
For colorado springs auto insurance for young drivers, checking out State Farm, American Family, Nationwide, Allstate, Progressive, and Farmers is smart. They offer good rates, many coverage choices, and discounts for young drivers.
Car Insurance Rates for Bad Credit in Colorado Springs
If you have a poor credit score in Colorado Springs, expect to pay more for car insurance. But, there are still ways to find affordable options. Geico is a top choice for those on a budget, offering coverage for as low as $43 a month or $510 a year. This is 7% less than the average cost for good credit.
For full coverage, American National is the cheapest, costing $566 a year. On the other end, Acuity is the priciest, at $1,405 annually. Drivers with poor credit should look at different insurers to find the best deals in Colorado Springs.
| Insurance Provider | Minimum Coverage Annual Rate | Full Coverage Annual Rate |
|---|---|---|
| Geico | $510 | $1,306 |
| American National | $215 | $566 |
| Colorado Farm Bureau | $274 | $718 |
| Acuity | $425 | $1,405 |
By comparing rates, drivers with poor credit in Colorado Springs can find affordable car insurance for bad credit and cheapest car insurance for bad credit in colorado springs. Knowing about colorado springs auto insurance for drivers with poor credit options helps you get the best coverage at a good price.
car insurance in colorado springs co for High-Risk Drivers
Having a less-than-perfect driving record can really affect your car insurance rates in Colorado Springs. A speeding ticket can increase your rates by 44%. An at-fault accident can raise them by 74%. And a DUI conviction can lead to a 79% increase.
But, some companies like Southern Farm Bureau, State Farm, and USAA offer better rates for high-risk drivers. They have policies starting at about $38 to $66 per month.
Rates After a Speeding Ticket
A speeding ticket can really hurt your car insurance rates in Colorado Springs. Companies see speeding as a higher risk, so they’ll increase your rates by about 44%. To lower the cost, look at options from Geico or Progressive. They often have better rates for minor infractions.
Rates After an At-Fault Accident
An at-fault accident can also greatly increase your car insurance costs in Colorado Springs. Rates go up by an average of 74%. Companies see this as a sign of higher risk and will raise your premiums.
But, some companies like State Farm and Nationwide might be more understanding of minor accidents. It’s a good idea to check their rates.
Rates After a DUI Conviction
A DUI conviction can severely impact your car insurance rates in Colorado Springs. On average, drivers with a DUI see a 79% increase in premiums. Luckily, companies like Southern Farm Bureau and USAA offer programs for high-risk drivers. These programs can help you get affordable coverage.
“Having a clean driving record is crucial for maintaining affordable car insurance in Colorado Springs. However, if you’ve faced setbacks, there are still options available to get the coverage you need at a reasonable price.”
How ZIP Codes Impact Car Insurance Costs in Colorado Springs
Your ZIP code is key in setting your car insurance rates in Colorado Springs. A driver’s ZIP code can change their insurance costs by up to 5.8% less or 4.1% more than the city average. Areas with more traffic, accidents, and crimes pay more for insurance.
For instance, drivers in the 80910 ZIP code might pay about 4.1% more for insurance. But, those in the 80904 ZIP code could get rates up to 5.8% lower. This shows how much a neighborhood’s risk level can affect your insurance costs.
| ZIP Code | Average Car Insurance Rate | Percentage Difference from City Average |
|---|---|---|
| 80910 | $1,487 | 4.1% higher |
| 80904 | $1,390 | 5.8% lower |
| 80918 | $1,432 | 0.9% higher |
| 80917 | $1,408 | 1.4% lower |
| 80919 | $1,420 | 0.4% higher |
Knowing how zip codes affect car insurance rates in colorado springs is key for drivers looking to save. By looking at colorado springs car insurance rates by zip code and finding colorado springs neighborhoods with higher car insurance costs, you can make smart choices. This could help you save hundreds on your insurance each year.
Top Car Insurance Companies in Colorado Springs
In Colorado Springs, some car insurance companies are ahead of the rest. Geico, Progressive, and State Farm are top choices. They offer special benefits for different types of drivers.
Geico: Best for Budget-Conscious Drivers
Geico is known for its affordable car insurance in Colorado Springs. On average, customers pay about $797 per year for full coverage. This makes Geico a great pick for those watching their budget.
Progressive: Best for High-Risk Drivers
Progressive is a top choice for drivers with a history of accidents or tickets. It offers good rates for those with speeding tickets, accidents, or DUIs. This makes it ideal for high-risk drivers.
State Farm: Best for Personalized Service
State Farm is known for its personalized service in Colorado Springs. It’s a good option for drivers who want tailored coverage and great customer service. While not the cheapest, State Farm’s policies and discounts are worth considering.
When looking at the top car insurance companies in Colorado Springs, Geico, Progressive, and State Farm are top picks. They cater to different needs. Whether you’re on a budget, a high-risk driver, or value personalized service, these companies are worth exploring for your best car insurance companies for different driver profiles in Colorado Springs.
Comparison of Car Insurance Providers in Colorado Springs
Looking for the best car insurance in Colorado Springs means checking out different providers. USAA has the lowest rates, at about $1,323 a year. GEICO is just behind, with rates around $1,347 annually. These two are great for saving money for drivers in Colorado Springs.
For more coverage, the average full coverage insurance costs $2,179 a year here. This is way more than the minimum coverage, which is about $549. If you want more protection, consider State Farm for personalized service or Progressive for high-risk drivers.
Choosing the right car insurance in Colorado Springs depends on your needs, driving record, and budget. By looking at rates, coverage, and customer service of top insurers, you can pick the best policy for you.
FAQ
What is the average cost of car insurance in Colorado Springs, CO?
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Source Links
- Best Cheap Car Insurance in Colorado Springs, CO in 2024 | Bankrate
- Car insurance in Colorado Springs | Root Insurance
- Colorado Car Insurance | Get a Quote | Liberty Mutual
- Cheap Car Insurance in Colorado Springs, Colo.
- Cheapest Car Insurance Companies in Colorado Springs, CO (2024 Rates)
- Best Car Insurance in CO Springs, CO (2024) – Policygenius
- Cheapest Car Insurance in Colorado Springs for 2024 – NerdWallet
- Colorado car owners seeing increasingly higher insurance premiums compared to other states
