Fort Collins, CO Auto Insurance | Cheap Car Insurance in Fort Collins, CO

Minimum liability coverage for Colorado auto insurance is 25/50/15. Since every part of the state is different, drivers searching for affordable insurance in Fort Collins should understand the ins and outs of the market so they can get a good deal.

Farmers, The Hartford, State Farm, Amica, and Allied rank as some of the best Fort Collins car insurance companies. Those looking for cheap coverage in Fort Collins will find Farmers leading the way by offering auto insurance at $30 per month.

Are you looking for cheap auto insurance in Fort Collins, Colorado? You can easily find the best coverage rates where you live. To obtain free Fort Collins auto insurance quotes from top providers today, type your ZIP code into the quote box on this page.

Auto Insurance Coverage Requirements in Colorado

If you want to drive legally in Colorado, you will need to purchase the following minimum requirements:

Remember that liability coverage only pays out on claims if the incident in question is one that you caused or are found liable for. In any other situation, you will be financially responsible for your vehicle. If you are currently financing your automobile, your lender may require additional coverage regardless of legal minimums.

Although the average Colorado driver pays around $130 monthly for their auto insurance policy, Fort Collins drivers may be able to drive legally for as low as $40 per month.

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Auto Insurance Rates Fort Collins, Colorado

Who has the cheapest auto insurance in Colorado? The following table breaks down rates from top providers.

Considering their good reputation, you may be asking, “Is USAA the cheapest auto insurance?” We left USAA off this list as their policies are typically reserved for military families. So, when it comes to insurance companies that are available to everyone, who really has the cheapest car insurance in Fort Collins?

There are a variety of companies to research, including local independent insurance agents such as Welsh Insurance Fort Collins. Farmers, Geico, Amica, and State Farm Fort Collins in particular tend to offer impressively low rates on policies. However, if you’re thinking about switching providers, there is more to consider than just low Fort Collins, CO auto insurance rates. Customer service is equally important, as well as their claims process.

Keep in mind that the data presented above is specific to Fort Collins, so if you’re searching for Denver, CO auto insurance or Aurora, CO auto insurance, you may get different results.

Auto insurance agents and advisors in Fort Collins consider numerous factors when determining insurance quotes, including a driver’s gender, credit score, experience, profession, and current insurance coverage and limits.

Additionally, affordable Fort Collins, CO auto insurance differs from company to company. Check with a car insurance broker to make sure you’re still paying the most favorable rate. For even more information, check in with the Colorado Division of Insurance and the Colorado Division of Financial Services to ensure your selected provider is licensed to sell insurance products in the Centennial State.

Major Factors in Cheap Auto Insurance in Fort Collins, Colorado

The amount of money you pay for car insurance largely depends on where you live. For example, a person asking “Who has the cheapest auto insurance in NC?” may be having trouble finding a reliable provider in North Carolina. The same can be said for Colorado residents.

Fort Collins car insurance companies take several factors into consideration when creating an auto insurance policy. The following video explains this in greater detail.

Many of these factors are difficult or impossible to change, such as your credit rating or where you live. Other factors your car insurance company may consider include:

Your ZIP Code

Your auto insurance rates may differ depending on where you live. In general, highly populated cities have higher coverage rates because the higher amount of drivers on the road increases the likelihood of an accident. The population of Fort Collins is 152,061 and the median household income is $56,464.

Automotive Accidents

Fatal accident statistics are very low for a city with a population of over 150,000. Because of this, Fort Collins drivers are eligible for lower rates.

Auto Thefts in Fort Collins

Finding cheap auto insurance can be difficult if you are at risk for auto theft. Certain vehicle models are attractive to thieves, as are vehicles that are parked in large cities.

There were 140 stolen vehicles in Fort Collins in 2013. Comprehensive coverage will help protect you from auto theft. However, since the rate of theft in Fort Collins is so low, you may be able to reduce or remove your comprehensive coverage and get lower monthly premiums.

Your Credit Score

Auto insurance providers put a lot of stock into your credit score. The better your credit, the lower your rate will be, whereas a poor credit score may significantly raise your rates. As you can see in the following chart, some companies will charge you double (or more) than someone with excellent credit.

Your Age

Young drivers face a particularly harrowing burden when paying for their first auto insurance policy. Because of their inexperience, they are significantly more likely to get into a serious accident. That’s why some companies charge them two to three times higher premiums than someone twice their age.

Your Driving Record

Serious driving violations, such as DUIs or reckless driving citations, can send your monthly premiums through the roof. Some companies may even refuse to cover you altogether if you have these on your record. If you only have minor citations, such as a speeding ticket, ask your Fort Collins, CO auto insurance company if you can save money with “Accident Forgiveness”.

Your Vehicle

If you have a common, inexpensive car, it will be much easier to fix or replace than an expensive luxury vehicle. Additionally, an inexpensive car doesn’t require an extensive, comprehensive insurance policy.

Minor Factors in Cheap Auto Insurance in Fort Collins, CO

Some people who find themselves in a tough situation might go searching on Craigslist in Fort Collins to find cheap auto insurance. Instead of leaving your fate to the internet, keep in mind that certain elements outside of your control will determine your rates.

Your Marital Status

Married couples can save on automobile insurance by bundling their policies. If you have other forms of insurance, such as homeowners or renters insurance, you can save even more by bundling those together as well.

Your Gender

Thankfully, many insurance companies are phasing out the outdated practice of charging drastically different rates based on gender. Some companies still charge a two to three percent difference, though rarely much more.

Your Driving Distance to Work

Work commutes are fairly short in Fort Collins, ranging from 15-19 minutes on average, with some areas experiencing commutes above 20 minutes or more. Nearly three-quarters of motorists drive to work each day in their car, with only six to nine percent carpooling. Infrequent drivers may only save three to four percent on their monthly costs. Business vehicle owners, on the other hand, can expect to pay 11% higher premiums.

Your Coverage and Deductibles

You might be able to add more coverages to your current policy if you raise your deductible. While this will make your out-of-pocket expenses much higher, the cheaper monthly payments will help in the event that you need to file a claim.

Your Education

Insurance companies have a habit of offering lower coverage rates to drivers who have pursued higher levels of education. In Fort Collins, 30% of drivers have earned a bachelor’s degree, whereas many others are either working on a college degree or have attained a high school diploma.

Although not necessarily a college town, Colorado State University still maintains a large presence in the city. CSU has four campuses in total, all of them located in Larimer County. CSU offers a variety of degrees in everything from business to liberal arts, with a heavy emphasis on environmental sciences.

Determining your individual financial risk can be very difficult or impossible for the typical insurance shopper. Insurance companies have an advantage over consumers due to their statistics and experiential knowledge.

Now that you have a better understanding of how to secure an affordable Fort Collins auto insurance policy, use our free online tool to start comparing quotes.

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How We Conducted Our Auto Insurance Analysis

We calculated our average rate based on the following metrics: a married, 34-year-old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home. Miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device