Compare the Cheapest Car Insurance Quotes in Colorado Springs, CO

GEICO offers the most affordable quotes in Colorado Springs for full coverage policies, liability insurance and ticketed drivers. If you are a member of a military family, annual premiums offered by USAA may be the cheapest overall. However, MoneyGeek ranked State Farm as the best car insurance company in the city due to its superior service and general affordability.

bestauto insuranceColorado Springs

2023

The Cheapest and Best Car Insurance in Colorado Springs

Cheapest Overall - GEICO

Cheapest State Minimum - USAA

Cheapest With a Driving Violation - USAA

Best Overall - State Farm

In Colorado Springs, the following two companies offer the most affordable full coverage insurance policies, on average:

• GEICO: $858 per year
• Esurance: $999 per year

It's worth noting that, while USAA offers the city's cheapest full coverage car insurance quotes at $705 per year, their policies are only available to military members and their families.

GEICO quotes the average cheapest rate in the city, roughly 147% less than the quote from MetLife, the most expensive insurer for a similar plan. A full coverage insurance policy includes comprehensive and collision coverages, but the annual premiums will differ based on the amount of liability coverage levels you select.

Cheapest Car Insurance in Colorado Springs

MoneyGeek conducted this study by evaluating average insurance costs for a 40-year-old male driver under a full coverage insurance policy.

Apart from liability coverages, a full coverage car insurance policy has the following two coverages and is thus more expensive than a liability-only policy.

• Collision Coverage: Covers your vehicle in the event of a collision with another car.
• Comprehensive Coverage: Protects your car against losses that are not the result of an accident, such as theft, fire damage and collision with an animal.

If your car is an older model, a full coverage policy can cost more than the replacement value. In this instance, a state-mandated minimum or liability-only insurance policy may be preferable.

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.

COMPARE QUOTES

The cheapest insurance policy only provides the basic minimum coverage. The following companies offer the city's most affordable minimum liability insurance:

• GEICO: $354 per year
• State Farm: $546 per year

Military personnel may qualify for the cheapest quote in the city, $288 from USAA. GEICO is around $991 cheaper than Progressive, the most expensive insurer, quoting an average of $1,345 per year for state minimum liability-only.

Minimum coverage policies are cheaper because they have lower coverage limits. However, without comprehensive and collision coverages, you may be at risk of having insufficient coverage in the event of an accident.

The table below illustrates the effect of increasing liability limits on insurance rates.

Cheapest Minimum Liability Car Insurance in Colorado Springs

Colorado drivers are required by law to have a minimum of 25/50/15 liability auto insurance. While this can be the lowest insurance in Colorado Springs, you also get the least protection. That means if you are responsible for an accident, you may be responsible for paying more out of pocket.

For example, if the other party's medical expenditures exceed $25,000, your liability insurance will cover the first $25,000, but you must pay the balance.

Your car insurance premiums may increase significantly if you receive a traffic ticket in Colorado Springs for a moving violation, such as speeding or driving under the influence (DUI). The city's cheapest average insurance premiums are as follows, based on the most often committed traffic violations:

• Cheapest after a ticket: GEICO, $1,090 per year
• Cheapest after an at-fault accident: State Farm, $1,316 per year
• Cheapest after a DUI: State Farm, $1,226 per year

For people with a history of speeding tickets and at-fault accidents, USAA is the cheapest insurer. The company offers policies only to military families.

Regardless of the offense, you can reduce your future insurance premiums if you rebuild your driving record to one without violations. In the meantime, shop around for the best insurance rates.

Cheapest Car Insurance in Colorado Springs With a Violation

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.

COMPARE QUOTES

MoneyGeek compared car insurance companies in Colorado Springs based on customer service quality and affordability. According to our study, the following companies provide the best auto insurance in Colorado Springs:

• State Farm: MoneyGeek score of 90 out of 100
• GEICO: MoneyGeek score of 90 out of 100

USAA, on the other hand, was the clear winner in Colorado Springs, with the highest scores of 100 out of 100. Because the company's policies are limited to military personnel and their dependents, it was not featured on the list of best companies.

MoneyGeek ranked these car insurance companies using several factors: insurer financial stability, customer satisfaction and affordability. We used multiple resources to perform this study, including findings by data analytics and consumer intelligence company J. D. Power.

Expand All Rankings +

1

GEICO

Score:86

-

4.3/5

Affordability

4/5

Claims

4/5

User Satisfaction

5/5

Financial Stability

2

State Farm

Score:85

-

4.1/5

Affordability

4/5

Claims

5/5

User Satisfaction

5/5

Financial Stability

3

Travelers

Score:81

+

4/5

Affordability

4/5

Claims

3.5/5

User Satisfaction

5/5

Financial Stability

4

Allstate

Score:74

+

3.5/5

Affordability

4/5

Claims

4/5

User Satisfaction

4.5/5

Financial Stability

5

Nationwide

Score:74

+

3.7/5

Affordability

3.5/5

Claims

3.5/5

User Satisfaction

4.5/5

Financial Stability

6

Esurance

Score:68

+

3.1/5

Affordability

3.7/5

Claims

4.2/5

User Satisfaction

4.5/5

Financial Stability

7

American Family

Score:60

+

2.5/5

Affordability

4/5

Claims

4/5

User Satisfaction

4/5

Financial Stability

8

Farmers

Score:46

+

1.6/5

Affordability

4/5

Claims

4/5

User Satisfaction

4/5

Financial Stability

9

MetLife

Score:37

+

0.9/5

Affordability

4.1/5

Claims

3.5/5

User Satisfaction

4.5/5

Financial Stability

10

Progressive

Score:23

+

0/5

Affordability

3.5/5

Claims

3.5/5

User Satisfaction

4.5/5

Financial Stability

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.

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.

Most Accidents With Fatalities75th/300

Most Car Thefts234th/300

Most Uninsured Motorists by State19th/50

Personal Injury Protection RequiredNo

Most Annual Rainfall218th/300

Most Rainy Days174th/300

About Mark Fitzpatrick

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Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.

Mark 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 economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.

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