Best Car Insurance Companies in Colorado Springs, CO


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ByMark Fitzpatrick
Edited byVictoria Copans
ByMark Fitzpatrick
Edited byVictoria Copans

Updated: May 20, 2024

Advertising & Editorial Disclosure

When shopping for auto insurance, it's important to take into account your specific needs and driver profile as they will affect which company is best for you. American National offers the best full and minimum coverage policies, and it's also best for young adults, seniors and drivers with offenses. Acuity is best for customer service, while Auto-Owners is best for teens and Allstate is the best choice for those with a new car.

MoneyGeek also compiled the cheapest car insurance companies in Colorado Springs for those looking to save on car insurance.

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2024

Table of Contents (Jump to Your Best Fit)

Why Trust MoneyGeek? MoneyGeek created a scoring system to rank Colorado insurers based on customer satisfaction, affordability, essential coverages, financial stability and claims management. MoneyGeek collected quote data from the Colorado Division of Insurance and Quadrant Information Services.

106,836Quotes Analyzed
 
14Companies Compared

Best Overall Car Insurance in Colorado Springs

In Colorado Springs, the following companies offer the best auto insurance:

  • American National: MoneyGeek score 83 out of 100 ($566 per year)
  • American Family: MoneyGeek score 69 out of 100 ($884 per year)

American National is our top pick among the 13 providers we ranked in Colorado Springs, largely due to its high customer satisfaction and affordability ratings. The insurer earned the third-highest score for customer satisfaction and ranked first for affordability, offering policyholders quality service for a low cost.

For military personnel, USAA is also worth checking out. The company earned a MoneyGeek score of 78 out of 100 and caters specifically to military members and their families. Our analysis of the best auto insurance providers in Colorado found that American National is also the best overall insurer in the state.

How was this MoneyGeek score calculated?

American National Insurance Company

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Ranked first for affordability and third for customer satisfaction

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Offers roadside assistance, rental car reimbursement and spare parts coverage

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Has a below-average claims management score

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Doesn't have accident forgiveness or new car replacement coverage

COMPANY HIGHLIGHTS

American National earned the highest MoneyGeek score out of the Colorado Springs auto insurance providers we evaluated. It offers a great balance between cost and customer service and has most essential coverages, including roadside assistance, rental car reimbursement and gap insurance.

Roadside assistance coverage provides customers with 24/7 support when their car breaks down. This includes towing, jump-starting the battery and flat tire repair. Meanwhile, rental car reimbursement coverage covers the cost of a rental car if your vehicle is in the shop due to a covered incident. Gap insurance helps make up the difference between what you still owe on your lease or loan and what your car is worth if it's totaled or stolen.

American National also offers some less common coverages, including spare parts coverage, which will pay out up to $1,000 to restock any damaged spare car parts in a covered loss.

How the Best Insurers in Colorado Springs Rank: MoneyGeek Scores and Costs

Of the 13 insurance providers MoneyGeek evaluated in Colorado Springs, Colorado, American National emerged as our top choice based on its affordability and customer service rating. It offers the lowest rate for full coverage in our comparison group at $566 per year.

Colorado Farm Bureau ranked the highest for customer satisfaction, but it didn't qualify for a MoneyGeek score due to insufficient data. Acuity earned the best claims management rating, but it is the most expensive provider in the city based on our analysis, which brought down its overall score.

Rates mentioned are for full coverage policies, and MoneyGeek scores were only assigned to companies if enough data could be found for each scoring component.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
American National P&CMoneyGeek Score (out of 100)83Annual Premium$566Satisfaction Score (out of 5)5Claims Score (out of 5)2Coverages Score (out of 5)4Stability Score (out of 5)3
GEICOMoneyGeek Score (out of 100)67Annual Premium$797Satisfaction Score (out of 5)4Claims Score (out of 5)2Coverages Score (out of 5)3Stability Score (out of 5)5
Colorado Farm BureauMoneyGeek Score (out of 100)No DataAnnual Premium$818Satisfaction Score (out of 5)5Claims Score (out of 5)No DataCoverages Score (out of 5)3Stability Score (out of 5)2
American FamilyMoneyGeek Score (out of 100)69Annual Premium$884Satisfaction Score (out of 5)4Claims Score (out of 5)3Coverages Score (out of 5)5Stability Score (out of 5)3
Auto-Owners Insurance CoMoneyGeek Score (out of 100)65Annual Premium$1,021Satisfaction Score (out of 5)4Claims Score (out of 5)3Coverages Score (out of 5)4Stability Score (out of 5)5
State FarmMoneyGeek Score (out of 100)63Annual Premium$922Satisfaction Score (out of 5)4Claims Score (out of 5)2Coverages Score (out of 5)3Stability Score (out of 5)5
AcuityMoneyGeek Score (out of 100)61Annual Premium$1,405Satisfaction Score (out of 5)5Claims Score (out of 5)4Coverages Score (out of 5)4Stability Score (out of 5)4
ProgressiveMoneyGeek Score (out of 100)58Annual Premium$1,017Satisfaction Score (out of 5)3Claims Score (out of 5)2Coverages Score (out of 5)4Stability Score (out of 5)4
NationwideMoneyGeek Score (out of 100)54Annual Premium$1,089Satisfaction Score (out of 5)3Claims Score (out of 5)2Coverages Score (out of 5)4Stability Score (out of 5)4
AllstateMoneyGeek Score (out of 100)54Annual Premium$1,063Satisfaction Score (out of 5)3Claims Score (out of 5)2Coverages Score (out of 5)4Stability Score (out of 5)4
KemperMoneyGeek Score (out of 100)32Annual Premium$1,112Satisfaction Score (out of 5)1Claims Score (out of 5)2Coverages Score (out of 5)1Stability Score (out of 5)2
Farmers Union InsuranceMoneyGeek Score (out of 100)No DataAnnual Premium$1,229Satisfaction Score (out of 5)5Claims Score (out of 5)No DataCoverages Score (out of 5)0Stability Score (out of 5)No Data
FarmersMoneyGeek Score (out of 100)47Annual Premium$1,265Satisfaction Score (out of 5)3Claims Score (out of 5)2Coverages Score (out of 5)4Stability Score (out of 5)3

Best Car Insurance in Colorado Springs for Customer Service

Regardless of cost, the best auto insurance providers in Colorado Springs for customer service are:

  • Acuity: MoneyGeek score 78 out of 100 ($1,405 per year)
  • American National: MoneyGeek score 67 out of 100 ($566 per year)

Acuity received the second-highest customer satisfaction rating and the highest claims management rating in our comparison group, but its excellent customer service doesn't come cheap — the company's average premium is the highest in the city.

How was this MoneyGeek score calculated?

Acuity

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Ranked first for claims management and second for customer satisfaction

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Offers roadside assistance, new car replacement and a coverage package

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Has limited add-on coverage options

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Doesn't provide accident forgiveness or deductible modification coverage

COMPANY HIGHLIGHTS

Acuity is the best option for Colorado Springs drivers who prioritize customer service over cost — it ranked very high for both customer satisfaction and claims management. It also offers most essential coverages but doesn't have a wide selection of less common coverages.

Acuity provides a personal auto enhancement coverage package, which will pay to replace lost or stolen keys, items damaged in an accident and an airbag following a non-collision discharge. It also includes coverage for a rental car or lodging after an accident, veterinary costs for pet injury due to an accident and benefits for accidental death and total disability.

The company's New Car Replacement add-on can save policyholders thousands of dollars if their car is destroyed in a covered loss, replacing it with a brand new car of the same or similar model. This coverage is ideal for drivers with newer cars. For older vehicles, Acuity pays 25% above the vehicle's current value.

What Makes an Insurer Best for Customer Service?

Acuity is our top recommendation for the best car insurance company for customer service because it earned high ratings for claims handling and customer satisfaction, according to J.D. Power and the National Association of Insurance Commissioners (NAIC). These ratings indicate that the company is responsive to customer complaints and is helpful when drivers file claims.

American National, our runner-up, is much cheaper than Acuity but has lower claims management and customer satisfaction ratings.

Best Cheap Car Insurance in Colorado Springs

Based on an analysis of affordability and service quality for policies that only meet Colorado’s minimum coverage requirements, the best companies in Colorado Springs are:

  • American National P&C: MoneyGeek score 83 out of 100 ($215 per year)
  • Auto-Owners: MoneyGeek score 70 out of 100 ($365 per year)

Minimum coverage policies are the most affordable, but they also include the least amount of liability coverage and provide no coverage for damage to your own car. The minimum car insurance requirements mandated in Colorado are applicable across all cities in the state.

How was this MoneyGeek score calculated?

American National Insurance Company

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An affordable minimum coverage policy costs $215 per year

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Offers bundling, multiple car and early signing discounts

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Ranked first for affordability and third for customer satisfaction

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Doesn't offer safe driving or paperless discounts

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Has a below-average claims handling score

COMPANY HIGHLIGHTS

American National is our top insurer for minimum coverage car insurance policies in Colorado Springs due to its high affordability and customer satisfaction ratings. This means that customers don't have to sacrifice quality service in order to get a cheap policy.

The company also provides discounts to drive down your insurance cost further. Its bundling discount allows you to save on auto premiums if you have home, auto and life insurance policies with American National. In addition, its multiple car discount allows you to save on premiums when you insure more than one vehicle with the company.

American National also has an early signing discount, which is less common among other insurers. With this discount, drivers can save on premiums when they apply for a new policy before their current one expires.

What Makes an Insurer the Best Cheap Option?

Choosing cheap insurance sometimes means going with a company that has worse customer service, but American National allows Colorado Springs Drivers to get affordable rates — it ranked first on our comparison group — without sacrificing quality customer service.

Auto-Owners, our runner-up, scored higher for claims management but ranked lower for customer satisfaction and is more expensive than American National.

Best Car Insurance in Colorado Springs for Young Adults

The following companies provide the best car insurance for young adults in Colorado Springs:

  • American National: MoneyGeek score 83 out of 100 ($696 per year)
  • American Family: MoneyGeek score 70 out of 100 ($1,105 per year)

American National earned top marks for affordability and ranked third for customer satisfaction in our study, offering policyholders great value for money.

How was this MoneyGeek score calculated?

American National Insurance Company

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Has the cheapest full coverage premiums at $696 per year

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Ranks highly for affordability and customer satisfaction

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Has a below average claims management score

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Has an average coverage score

COMPANY HIGHLIGHTS

American National is the best auto insurer for young adults in Colorado Springs due to its cost-effective rates and excellent customer service. Although the company does not offer discounts specifically tailored to young drivers, it makes up for it with its affordable full coverage premiums.

Although not specific to young drivers, the early signing discount offered by American National may be beneficial to young adults who apply for a new policy before their current one expires.

The insurer also offers essential coverages such as roadside assistance and car rental/travel reimbursement, which can be useful to young drivers if they get into an accident or experience a mechanical breakdown — roadside assistance provides 24/7 emergency help like fuel delivery, towing service, locksmith service, tire changes and more, while rental car reimbursement pays for a rental car is the covered vehicle is being repaired.

What Makes an Insurer Best for Young Adults?

When selecting an auto insurance provider, young adults should evaluate companies that provide inexpensive policies and coverages that meet their needs. College students should consider insurers that offer student-related discounts, such as safe driving, distant student or good student discounts. Although American Family has a better claims management rating, American National is cheaper and has a higher customer satisfaction score.

Best Car Insurance in Colorado Springs for Teens and Their Families

For teens on a family policy, the best car insurance providers in Colorado Springs are:

  • GEICO: MoneyGeek score 66 out of 100 ($2,273 per year)
  • Auto-Owners: MoneyGeek score 62 out of 100 ($3,322 per year)

GEICO stands out for its high customer satisfaction and affordability ratings, making it an ideal option for teens searching for top-notch service at an affordable price. In Colorado Springs, teen drivers can save an average of $3,923 annually by being added to their parent's policy instead of opting for an individual policy. Keep in mind that in most cases, teens under 18 cannot legally purchase their policy without a parent or guardian as a cosigner. We analyzed the best car insurance for teens to help you determine the best option for you.

How was this MoneyGeek score calculated?

GEICO

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Ranks second for affordability, costing about $2,273 per year

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Offers a good student discount

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Has an excellent customer satisfaction score

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Has a worse-than-average claims management score

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Offers limited coverage options

COMPANY HIGHLIGHTS

GEICO earned the highest MoneyGeek score out of the eight insurers we evaluated and ranked second for both customer satisfaction and affordability.

Teen drivers may find GEICO's discounts beneficial, such as its good student discount for those with good academic standing and a driver's education discount for those who complete a defensive driving course. GEICO also offers other discounts for certain safety equipment installed in your car, such as airbags, anti-lock brakes and anti-theft systems.

In addition, the company offers add-on coverages such as roadside assistance and Mechanical Breakdown Insurance (MBI) that can be useful for teens. Roadside assistance covers the cost of flat tires, towing, jump starts and lockout services, while MBI provides better coverage than most dealer extended warranties, as it includes all parts and systems rather than a specific list of items. It is available for new or leased cars that are less than 15 months old and have less than 15,000 miles.

Read MoneyGeek's GEICO Auto Insurance Review

What Makes an Insurer Best for Teens?

Teens and their parents should look for an insurance company that offers competitive rates and discounts for young drivers. It's also wise to choose an insurer that offers useful coverages like roadside assistance and accident forgiveness. GEICO covers all of these bases for teens in El Paso. Auto-Owners has higher ratings for claims processing but is a bit pricier than State Farm.

Best Car Insurance in Colorado Springs for Seniors

In Colorado Springs, the best car insurance companies for seniors are:

  • American National: MoneyGeek score 83 out of 100 ($548 per year)
  • American Family: MoneyGeek score 72 out of 100 ($777 per year)

American National came out on top in this category because it has the most affordable rates for seniors and earned the third-highest customer satisfaction rating in our comparison group. Drivers in their 60s usually pay rates comparable to those in their 30s through 50s, though rates tend to rise in their 70s.

How was this MoneyGeek score calculated?

American National Insurance Company

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Has the cheapest premium at $548 per year

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Offers gap insurance

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Has excellent customer satisfaction and affordability ratings

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Has a below-average claims management rating

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Offers limited coverage options

COMPANY HIGHLIGHTS

American National offers excellent customer service and affordable plans, making it a great option for senior drivers in Colorado Springs. It also provides useful coverage for seniors, including roadside assistance and rental car and/or travel reimbursement coverage.

Roadside assistance is an essential coverage that provides 24/7 help for towing, tire repairs, locksmith services and more if your car breaks down. If you're involved in an accident, rental car and/or travel reimbursement coverage helps pay for a rental vehicle while yours is being repaired.

American National also offers gap insurance, which helps cover the difference between your remaining balance on your lease or loan and the current value of your car if it's totaled. Seniors with classic cars may benefit from the company's antique/classic car insurance coverage.

What Makes an Insurer Best for Seniors?

Seniors in their 60s generally pay less than other age groups for car insurance since they are considered safe drivers. Older drivers should look for a policy that provides personal injury protection (PIP) or medical payments coverage in case they're injured in an accident and need medical care. American National does not have any discounts specifically for seniors, but it offers competitive rates and excellent service. American Family has more extensive coverage options but falls short in customer satisfaction and affordability.

Best Car Insurance in Colorado Springs for Drivers With Offenses

The companies offering the best car insurance for drivers with offenses in Colorado Springs are:

  • American National: MoneyGeek score 83 out of 100 ($834 per year)
  • American Family: MoneyGeek score 78 out of 100 ($1,016 per year)

American National is our number one pick for drivers with violations due to its low rates and outstanding customer service — qualities that are particularly important for those with poor driving records since they tend to pay higher rates.

Car insurance premiums typically increase based on the severity of the offense. For example, drivers with a DUI in Colorado Springs will pay an average of $667 more per year than those with clean driving records, while drivers with a speeding violation only pay an average of $422 more per year.

How was this MoneyGeek score calculated?

American National Insurance Company

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Has the most affordable premium at $834

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Offers roadside assistance, rental car and/or travel reimbursement, and gap insurance

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Ranked highly for affordability and customer satisfaction

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Has limited add-on coverages

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Earned a below-average claims management rating

COMPANY HIGHLIGHTS

With American National, policyholders with poor driving records can benefit from relatively low premiums, a good customer service reputation and a number of essential coverage options, such as roadside assistance and rental car and/or travel reimbursement.

Roadside assistance is available 24/7 and covers locksmith labor, towing services, mechanical repairs and gas, oil or tire deliveries, which is a useful option for those with a history of accidents. Rental car and/or travel reimbursement is another good coverage to have and pays for a rental car or lodging and transportation costs if you're involved in an accident and your vehicle is unusable.

American National also offers gap insurance, which will help cover the difference between your car's current value and what you still owe on your leases or loan if it gets totaled in an accident.

What Makes an Insurer Best for Drivers With Offenses?

The best insurance company for drivers with offenses provides reasonable rates and discounts to counteract higher premiums. American National offers the cheapest premium in our comparison group and earned excellent customer satisfaction ratings, making it our winner for drivers with offenses. American Family is also a solid option with more coverage options and a slightly higher claims management score, but it falls behind American National in affordability and customer satisfaction.

Best Car Insurance in Colorado Springs for Drivers With New Cars

The best company for those with a new car in Colorado Springs is Allstate. Here are our top picks:

  • Allstate: MoneyGeek score 55 out of 100 ($1,462 per year)
  • Kemper: MoneyGeek score 50 out of 100 ($1,306 per year)

We ranked insurers for this category based on cost and quality of service for drivers with a 2022 model car in Colorado Springs. We only considered companies that provide new or better car replacement coverage, which pays for a new car should your current vehicle be deemed a total loss following an accident. Allstate came out on top in this category thanks to its high customer satisfaction and coverage scores.

How was this MoneyGeek score calculated?

Allstate

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Offers new car replacement coverage

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Ranked first for customer satisfaction

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Has a wide range of coverage options

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Has a low affordability score, with an average annual premium of $1,426

COMPANY HIGHLIGHTS

For new car owners in Colorado Springs, Allstate is our top pick due to its quality service and extensive coverages. The company's new car replacement coverage is particularly useful for drivers with new cars. If you total your car and it's two model years old or less, Allstate will pay to replace it with a brand-new car of the same make and model.

The company also offers gap insurance, which waives the difference between your insurance settlement and the balance remaining on your car loan or lease if your car is totaled or stolen. Meanwhile, Allstate's accident forgiveness coverage ensures that your premium won't increase after an accident — regardless of who was at fault — and its custom parts coverage covers a loss to custom equipment in your vehicle, such as special carpeting or decals.

Read MoneyGeek's Allstate Auto Insurance Review

What Makes an Insurer Best for Drivers With New Cars?

Due to its high ratings from J.D. Power’s customer satisfaction study and the National Association of Insurance Commissioners (NAIC) customer complaint index, Allstate is our top selection for drivers with new cars. It provides new car replacement coverage, which is an important coverage option for drivers with newer cars. Kemper, our second-best option, is the most affordable of the two but lags behind in terms of customer service.

How to Find the Best Car Insurance in Colorado Springs for You

To find the best auto insurance for you in Colorado Springs, you'll need to consider cost, service reputation and financial stability. We've collected data and conducted analyses to help you find the best option, but you may also follow these steps to do your own research.

1
Research customer service reputations in Colorado Springs

MoneyGeek collected this information for you, but you can also get customer satisfaction and complaint data by checking out J.D. Power's satisfaction ratings and NAIC complaint ratios for the insurers you're researching. You can also find more information on the Colorado Division of Insurance website.

2
Compare quotes

MoneyGeek has provided average quotes for drivers in Colorado Springs, but the rates you're quoted will vary based on personal factors. To get an accurate understanding of the cost of your insurance premiums, we recommend comparing quotes from at least three different insurance companies.

3
Find the coverages you want in Colorado Springs

Before deciding on a specific insurance company, make sure they provide the coverage you need, as not all insurers offer the same coverage and discounts in every state.

4
Check financial stability ratings

When deciding on a car insurance provider, it's important to take into account their financial stability as this reflects their ability to pay out claims. Larger insurance companies are generally more stable financially, while regional insurers may have lower financial stability ratings.

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FAQs About the Best Car Insurance in Colorado Springs

One size does not fit all when it comes to auto insurance — the best insurer for you depends on your unique needs and preferences. MoneyGeek answered the most frequently asked questions about Colorado Springs auto insurance to help you find the best fit.

What is the best car insurance company in Colorado Springs?
What is the best cheap car insurance company in Colorado Springs?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.