Best Auto Insurance Rates in Colorado Springs, Colorado

On average your neighbors pay $103 a month

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Best, Cheapest Car Insurance in Colorado Springs

State Farm has the cheapest average rates for both minimum and full-coverage auto insurance in Colorado Springs, Colo. The company's average rate for minimum coverage is $61 a month, and full coverage is $109 a month.

In addition to the car insurance company you choose, other factors, such as your age and driving history, affect your final quote.

We'll help you find the best car insurance coverage at the best price while driving in Colorado Springs:

Average car insurance rates in Colorado Springs

According to our most recent data, Colorado Springs residents pay $1,239 a year for minimum auto insurance, or $103 a month. Drivers in the city pay almost 4% more than the Colorado average insurance rate of $1,193 a year. They also pay 19% more than the national average cost of car insurance of $1,044 a year.

How much does car insurance cost in Colorado Springs?
Location Annual rate Monthly rate
Colorado Springs $1,239 $103
Colorado $1,193 $99
U.S. $1,044 $87
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Cheapest car insurance companies in Colorado Springs

The following table shows the average minimum and full-coverage car insurance rates from the top car insurance companies operating in Colorado Springs. State Farm has the cheapest car insurance in Colorado Springs, with minimum coverage at $61 a month and full coverage at $109 a month.

Minimum and full-coverage car insurance rates in Colorado Springs
Company Minimum coverage Full coverage
State Farm $61 $109
USAA $67 $145
GEICO $68 $154
Progressive $71 $134
Allstate $90 $162
Nationwide $137 $289
Farmers $157 $256
American Family $175 $269
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Car insurance rates in Colorado Springs by age

Teenage drivers are considered the highest-risk group for auto insurance companies to cover. This is because teenage drivers are the most likely to get into accidents due to their inexperience.

Drivers in Colorado Springs see the highest car insurance rates from ages 16 to 20. By age 25, car insurance goes down and evens out from ages 30 to 65. Drivers then start seeing average auto insurance rates increase again due to the effects of age on reflexes and vision.

 

Why does car insurance in Colorado Springs cost so much?

When auto insurance companies calculate premiums, they take into account regional factors that can affect your auto insurance rate. Here are some factors specific to Colorado Springs that may drive up your car insurance premium:

Population density

Colorado Springs has a current population of almost half a million people. This makes it the second-largest city in Colorado. More drivers on the road means more car accidents. Car insurance companies figure how many other drivers you're sharing the road with when calculating your rate.

Heavy snow

Colorado Springs sees an average of 57.3 inches of snow a year. This is just over twice the national average of 27.8 inches of snow. Between reduced visibility and icy roads, heavy snowfall adds significant risk to driving. This is reflected in premiums.

Auto theft

According to the Colorado Bureau of Investigation's 2020 crime statistics report, there were nearly 31,000 vehicle thefts in Colorado in 2020. That's a 39% increase over the more than 22,000 car thefts that occurred in Colorado in 2019.

The more car thefts in an area, the more expensive your premium may be. The best way to lower the risk of auto theft in your ZIP code is to install a car security system and park your car off the street, if possible.

Personal factors that may affect your car insurance rates in Colorado Springs

Your personal driving history affects your car insurance rates. Keeping a clean record goes a long way towards keeping your premium low. Car insurance for bad drivers is considerably more expensive. 

Auto insurance rate increases by offense
Company Cheapest monthly rates after an accident Cheapest monthly rates after a DUI Cheapest monthly rates after a speeding ticket
Allstate $253 $214 $179
American Family $392 $323 $323
Farmers $361 $347 $358
GEICO $292 $288 $208
Nationwide $484 $629 $372
Progressive $201 $161 $176
State Farm $129 $119 $119
USAA $209 $304 $183
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Minimum car insurance limits in Colorado

Colorado state law requires drivers to carry the following minimum auto insurance limits throughout the state:

  • Individual body injury liability: $25,000 per person
  • Total body injury liability: $50,000 per accident
  • Property damage liability: $15,000 per accident

While these limits may seem adequate, they're in place more so to fulfill state liability laws than to provide you with sufficient car insurance coverage. One long hospital stay or court trial can surpass those limits quickly. You will have to pay anything over your policy limits out of pocket. In order to provide yourself with realistic, affordable coverage, we recommend the following limits:

  • Individual body injury liability: $100,000 per person
  • Total body injury liability: $300,000 per accident
  • Property damage liability: $100,000 per accident

Methodology

We used Quadrant Information Services to generate thousands of car insurance quotes from every ZIP code in Colorado Springs from the following providers:

  • Allstate
  • American Family
  • Farmers
  • GEICO
  • Nationwide
  • Progressive
  • State Farm
  • USAA

Our sample driver was a 35-year-old with a clean record who drives a 2012 Honda Accord LX 13,500 miles per year. Minimum coverage is based on Colorado's minimum insurance requirements. Full coverage is based on the following limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $100,000 property damage liability
  • $500 collision and comprehensive deductible

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