Cheapest car insurance companies in Colorado Springs
After an in-depth analysis, Insurance.com found that Geico and State Farm are the cheapest car insurance companies in Colorado Springs for 2023.
The car insurance company in Colorado Springs that provides the cheapest car insurance premiums is Geico, with an average annual rate of $1,608 .
In Colorado Springs, what you pay for car insurance depends on factors such as your location, driving history, coverage level, and the insurance carrierAn insurance carrier is the company that provides your car insurance policy and pays claims.. Take time to compare price quotes from at least three insurers to get the best coverage at an affordable rate. The table below shows the car insurance companies with cheap insurance rates.
| Companies | Average annual rates |
|---|---|
| USAA | $1,586 |
| Geico | $1,608 |
| State Farm | $2,049 |
| Kemper Insurance | $2,187 |
| Southern Farm Bureau | $2,238 |
| Auto-Owners | $2,732 |
| Allstate | $2,998 |
| Progressive | $3,185 |
| Farmers | $3,941 |
Cheapest car insurance cost in Colorado Springs by Age Group
In Colorado Springs, Southern Farm Bureau is the cheapest car insurance company for teenagers, offering full coverage policies at $4,120 a year, on average. Teenagers often face higher car insurance rates due to statistical data indicating that they pose a greater risk on the roads.
Teens can maintain lower car insurance premiums by leveraging the good student discount or by remaining on their parent’s existing policy as long as feasible.
For young drivers in Colorado Springs, Geico has the cheapest auto insurance rates, with an average annual cost of $2,293 annually.
For Colorado Springs drivers entering their 30s, car insurance becomes significantly more affordable compared to their younger years. Geico provides the cheapest car insurance premiums, offering full coverage policies at $1,589 annually.
With an average annual premiumThe payment required for an insurance policy to remain in force. Auto insurance premiums are quoted for either 6-month or annual policy periods. of $1,624, USAA offers Colorado Springs's senior drivers the cheapest car insurance premiums, ensuring financial security and peace of mind behind the wheel.
| Company | Teens | Young Adults | Adults | Seniors |
|---|---|---|---|---|
| Acuity Insurance | N/A | N/A | $4,622 | $4,087 |
| Southern Farm Bureau | $4,120 | $3,200 | $2,351 | $2,638 |
| USAA | $5,296 | $2,552 | $1,614 | $1,624 |
| Geico | $5,374 | $2,293 | $1,589 | $1,637 |
| State Farm | $5,594 | $3,300 | $2,057 | $1,939 |
| Auto-Owners | $6,012 | $4,164 | $2,744 | $2,565 |
| Kemper Insurance | $7,451 | $3,932 | $2,212 | $2,363 |
| Allstate | $7,470 | $4,133 | $3,041 | $2,878 |
| Progressive | $8,031 | $5,318 | $3,209 | $3,084 |
| Farmers | $8,927 | $4,738 | $3,974 | $4,011 |
Cheapest car insurance companies in Colorado Springs by driver profile
Insurers in Colorado Springs consider various factors, including driver profile, to calculate car insurance premiums. You can expect to pay significantly higher rates if you have a history of accidents or traffic citations on your driving record. On the other hand, those with a clean driving record enjoy more affordable coverage.
Finding the cheapest car insurance in Colorado Springs requires comparing quotes from multiple companies. This way, you can get the best coverage for your budget. Don't settle for the first offer; explore options for the most affordable fit.
In Colorado Springs, these insurance companies offer cheap car insurance rates based on your driver profile.
- Cheapest for a driver with poor credit: Nationwide
- Cheapest for a driver with a speeding ticket: USAA
- Cheapest for accident: State Farm
- Cheapest for DUI: State Farm
Cheapest for a driver with poor credit: Nationwide
If you're a Colorado Springs driver with poor credit, Nationwide is the cheapest car insurance company for you, based on Insurance.com's in-depth data analysis. It offers a full-coverage car insurance policy at an average cost of $2,053 annually.
Drivers with poor or bad credit scores in Colorado Springs can consider the following car insurance companies to get the affordable car insurance coverage.
| Company | Average annual rates |
|---|---|
| Nationwide | $2,053 |
| Geico | $2,055 |
| USAA | $2,881 |
| State Farm | $3,331 |
| Progressive | $3,497 |
| Allstate | $3,767 |
| Farmers | $4,195 |
Cheapest for drivers with a speeding ticket: USAA
USAA has the cheapest car insurance premiums for drivers with speeding ticket violations on their records in Colorado Springs. Its full coverage car insurance policy costs an average of $1,692 per year for drivers aged 30.
Find the best car insurance company for your needs by comparing quotes from different carriers. Don't assume that the cheapest option for someone else will also be the cheapest for you. Take the time to shop around and get the coverage that best suits your needs.
| Company | Average annual premium |
|---|---|
| USAA | $1,692 |
| State Farm | $1,792 |
| Nationwide | $2,044 |
| Geico | $2,317 |
| Allstate | $2,481 |
| Progressive | $2,597 |
| Farmers | $3,429 |
Cheapest auto insurance after an at-fault accident: State Farm
According to Insurance.com's analysis, State Farm tops the list of cheap car insurance providers in Colorado Springs for drivers involved in at-fault accidents, with an average annual cost of $1,915. After being in an at-fault accident, finding cheap car insurance rates might seem challenging, but by comparing quotes, you can find a policy that aligns with your budget.
| Company | Average annual rates |
|---|---|
| State Farm | $1,915 |
| USAA | $2,266 |
| Nationwide | $2,349 |
| Geico | $2,692 |
| Progressive | $3,292 |
| Allstate | $3,588 |
| Farmers | $3,950 |
Cheapest auto insurance after a DUI: State Farm
Buying car insurance doesn't have to break the bank. State Farm offers the cheapest full coverage policy in Colorado Springs for drivers with a DUI, with an average annual premium of $1,792.
Following a DUI conviction, it's likely that your auto insurance premiums will increase. To get affordable premiums, compare car insurance quotes from various providers. Comparison shopping can help you find the best possible offer.
| Company | Average annual rates |
|---|---|
| State Farm | $1,792 |
| Progressive | $2,876 |
| USAA | $3,233 |
| Nationwide | $3,279 |
| Allstate | $3,442 |
| Geico | $3,504 |
| Farmers | $4,051 |
Average car insurance cost in Colorado Springs
Full coverage car insurance in Colorado Springs for a coverage limit of 100/300/100 is $2,349 per year or $196 per month, while the state minimum coverage costs an average of $510 a year.
Full coverage insurance costs more than the state minimum, but it provides comprehensive coverage for your car and coverage for other driver’s vehicle. To reduce your premium, you might want to compare quotes from various insurance companies.
| Average annual Rates | State minimum average |
|---|---|
| $2,349 | $510 |
Methodology
Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:
- 40-year-old male driver
- Honda Accord LX
- 12-mile daily commute, 10,000 annual miles
- Good credit
- Clean record
While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.
Rates are based on coverage limits of:
- $100,000 bodily injury per person
- $300,000 bodily injury per accident
- $100,000 property damage per accident
- $500 comprehensive and collision deductible
Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.
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