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Average Cost of Car Insurance in Colorado Springs

Colorado Springs$1,407
Colorado$1,450
U.S.$1,424

The average car insurance in Colorado Springs is $1,407 annually, which is 3% less than the $1,450 average in the state of Colorado. Drivers in this city also pay 1.2% less than the average annual premium in the United States. The national average annual premium is $1,424.

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The Best Cheap Car Insurance Companies in Colorado Springs

Among the car insurance companies in Colorado Springs, USAA offers the most affordable annual premium at an average of $705. However, it is important to note that this company has a strict policy when it comes to membership. Only active-duty and former members of the military and their spouses or children can take advantage of the company's policies. Meanwhile, the second most affordable car insurance in Colorado Springs is from GEICO. The annual premium for GEICO policyholders is an average of $858. Apart from those two brands, the next cheapest auto insurance averages (in order of cost) come from Esurance, Travelers, Nationwide, State Farm, Allstate, American Family, Farmers, Progressive and MetLife. The average annual premium for MetLife customers in Colorado Springs is $2,118.

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Personalized Quotes to Get You the Cheapest Car Insurance in Colorado Springs

Car insurance companies in Colorado Springs determine quotes based on several factors, such as the person's age, gender, car make and model, driving history, credit score and ZIP code, among other factors. Any changes in your specific circumstances can affect the cost of your annual auto insurance premium.

For example, the average annual premium from GEICO for a 40-year-old male is $858. A similar policy for an 18-year-old male is $3,165 — $2,307 more than what the 40-year-old male pays. Comparing personalized quotes regularly can help you find out if you are qualified for certain rebates or discounts.

Compare Car Insurance Rates in Colorado Springs

Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.

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Cheapest Car Insurance in Colorado Springs by Coverage Amount

How much car insurance coverage you purchase in Colorado Springs also affects how much your policy will cost. Coverage includes required liability coverage and optional items like collision, comprehensive, and deductibles.

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Colorado Minimum Liability Requirements

  • Item
    Description
  • Bodily Injury and Property Damage
    $25,000 per person, $50,000 per accident and $15,000 for property damage. A more protective level is 100/300/100.

Auto insurance companies write plans to express the limitations of each type and level of coverage. For example, GEICO offers the state minimum liability, $354. The plan includes $25,000 for bodily injury or the death of an individual in an accident, $50,000 for bodily injuries or death to all people involved in an accident and $15,000 for property damage per accident.

GEICO also offers 50/100/50 liability-only and full-coverage plans, which cover $50,000 worth of medical bills, with $100,000 total per accident and $500,000 for property damage liability. A liability-only plan is generally cheaper than a full-coverage plan. If you are looking for a company that offers the smallest price difference between those two options, then you may want to consider Allstate. Its 50/100/50 liability only is close in cost to their premium for full coverage. If you are looking for a more comprehensive full-coverage plan, then the 100/300/100 plan may be right for you. The cheapest option for this coverage is from USAA at $705. GEICO comes in second at $858.

Average Car Insurance Premiums by Coverage Type

Liability Only
Full Coverage
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Cheapest Car Insurance in Colorado Springs if You Have Tickets

Having a clean driving history can also help you get cheap car insurance in Colorado Springs. Generally, drivers with moving violations in their records will receive more expensive premiums. For instance, State Farm policyholders with no violations may pay, on average, $1,135. If they were to receive a speeding ticket or DUI, you may have to pay more. Getting a DUI can bump that State Farm policy from $1,135 to $1,226.

Average Cost of Car Insurance by Postal Code

Each ZIP code has different levels of crime and accidents as well as different driver demographics. So, where you live in Colorado Springs will affect the cost of your car insurance premium. People living in the 80920 ZIP code get the most affordable annual premium of $1,334. Drivers in the city’s most expensive ZIP code (80916), in terms of auto insurance, pay $1,461 on average for their annual premium.

  • Zip Code
    State Minimumper year
  • 80920
    $1,334
  • 80918
    $1,391
  • 80906
    $1,441
  • 80916
    $1,461

Factors That Impact Insurance Costs in Colorado Springs

In addition to individual driver needs and history, location-specific factors like the percentage of uninsured motorists and the rate of fatal accidents also contribute to car insurance rates in Colorado Springs. How Colorado Springs ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.

accident2 icon
Most Accidents With Fatalities75th/300
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Most Car Thefts234th/300
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Most Uninsured Motorists by State19th/50
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Personal Injury Protection RequiredNo
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Most Annual Rainfall218th/300
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Most Rainy Days174th/300

Shopping around for car insurance in Colorado Springs could save you $549, which is enough to buy:


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183Cups of Coffee
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42Months of Your Favorite Streaming Service

Methodology and Assumptions

MoneyGeek’s average premium rates for Colorado Springs are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.

Compare Car Insurance Rates in Colorado Springs

Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.

Insurance Rates

About the Author


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The MoneyGeek editorial team has decades of combined experience in writing and publishing information about how people should manage money and credit. Our editors have worked with numerous publications including The Washington Post, The Daily Business Review, HealthDay, and Time, Inc., and have won numerous journalism awards. Our talented team of contributing writers include mortgage experts, veteran financial reporters, and award-winning journalists. Learn more about the MoneyGeek team.


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