Best Colorado Springs, CO Auto Insurance in 2024
Colorado Springs, CO auto insurance rates average $342/mo. You can get cheap auto insurance in Colorado Springs, CO by comparing Colorado Springs car insurance quotes from companies like Amica and USAA. CO state minimum requirements for auto insurance in Colorado Springs, CO are $25,000/$50,000/$15,000.
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Eric Stauffer
Licensed Insurance Agent
Eric Stauffer is an insurance agent and banker-turned-consumer advocate. His priority is educating individuals and families about the different types of insurance coverage. He is passionate about helping consumers find the best coverage for their budgets and personal needs. Eric is the CEO of C Street Media, a full-service marketing firm and the co-founder of ProperCents.com, a financial educat...
Licensed Insurance Agent
UPDATED: Aug 2, 2024
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- Colorado Springs, CO auto insurance averages $342/mo.
- Cheap auto insurance in Colorado Springs, Colorado is possible by comparing rates
- State minimum requirements for auto insurance in Colorado is $25,000/$50,000/$15,000.
- Amica Insurance as one of the top insurance companies in Colorado Springs.
Did know Colorado Springs auto insurance is $300 less than the national average for auto insurance rates? You can save up to $691 through policy discounts, but you have to meet certain conditions.
Continue reading to learn more about cheap auto insurance in Colorado Springs, CO, and how you can compare companies like Amica Insurance to other Colorado Springs insurance companies.
Start comparing cheap auto insurance in Colorado Springs, CO, by entering your ZIP code in the FREE comparison tool above.
Colorado Springs Auto Insurance Rates
Location is one of the factors that determine auto insurance. The key to cheap car insurance in Colorado Springs, CO, is age, gender, commute, coverage level, credit history, driving record, and the type of vehicle you drive.
For this section, we’ll go through each factor that determines auto insurance. You’ll see how factor affects auto insurance and why policy discounts are important.
Does age & gender affect my auto insurance rates in Colorado Springs?
As of August 1, 2019, six states in the United States outlawed auto insurance rates based on gender.
Colorado is one of many states that use gender-based auto insurance rates. Colorado Springs, CO auto insurance quotes for different ages come in a variety of annual rates.
Let’s examine auto insurance by age and gender.
| Marital Status, Age, and Gender | Colorado Springs Average Annual Rates |
|---|---|
| Single 17-year-old female | $8,014 |
| Single 17-year-old male | $9,026 |
| Single 25-year-old female | $2,818 |
| Single 25-year-old male | $2,981 |
| Married 35-year-old female | $2,584 |
| Married 35-year-old male | $2,553 |
| Married 60-year-old female | $2,373 |
| Married 60-year-old male | $2,473 |
| Average | $4,103 |
The young drivers pay some of the highest insurance rates you can find. Fortunately, young drivers can easily qualify for good student discounts, as well as discounts for taking educational driving courses.
What ZIP codes have the cheapest auto insurance rates in Colorado Springs?
Where you park your car each night will have a major impact on your auto insurance rate. Generally, car insurance is cheaper in rural areas because fewer cars are driven in those areas.
Rural areas have a smaller chance that you will get into a collision with another vehicle. Here are the average annual auto insurance rates for each Colorado Springs ZIP code.
| Colorado Springs ZIP Codes | Average Annual Rates |
|---|---|
| 80920 | $3,583 |
| 80919 | $3,617 |
| 80921 | $3,632 |
| 80907 | $3,654 |
| 80924 | $3,696 |
| 80923 | $3,696 |
| 80904 | $3,716 |
| 80918 | $3,729 |
| 80922 | $3,734 |
| 80939 | $3,780 |
| 80925 | $3,781 |
| 80906 | $3,787 |
| 80938 | $3,787 |
| 80951 | $3,792 |
| 80946 | $3,806 |
| 80917 | $3,806 |
| 80912 | $3,810 |
| 80926 | $3,814 |
| 80927 | $3,828 |
| 80905 | $3,841 |
| 80902 | $3,844 |
| 80909 | $3,847 |
| 80903 | $3,876 |
| 80928 | $3,891 |
| 80929 | $3,904 |
| 80930 | $3,915 |
| 80910 | $3,968 |
| 80916 | $4,028 |
The cheapest ZIP code is “80920,” while the most expensive ZIP code is “80916.” Auto insurance in these areas is determined by chances to encounter an accident, vehicle thefts, and a number of claims.
Which companies have the best auto insurance rates in Colorado Springs?
We’ve come to the section where we compare auto insurance rates of different Colorado Springs, CO auto insurance companies. The auto insurance companies in this section are the top companies by market share. Let’s see how much they cost in Colorado Springs, CO.
Cheapest Colorado Springs, CO Auto Insurance Company Rates
Where you get auto insurance will also determine your annual rate. Some companies are more expensive than others.
Expensive doesn’t automatically equal more services. To get the best services, you’ll have to see what the company offers. Let’s start with auto insurance rates.
| Company | Average Annual Rates |
|---|---|
| Liberty Mutual | $2,814 |
| USAA | $3,379 |
| Geico | $3,511 |
| State Farm | $3,638 |
| American Family | $3,788 |
| Nationwide | $3,800 |
| Progressive | $4,409 |
| Allstate | $5,786 |
| Farmers | $5,798 |
Liberty Mutual appears to be the cheapest auto insurance company in Colorado Springs. USAA car insurance is the second cheapest company, but USAA is only available to military service members and their immediate families. Geico and State Farm auto insurance in Colorado Springs is the next cheapest companies.
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Best Auto Insurance for Commute Rates
The average number of miles a person drives in Colorado is 12,614 miles per year. That’s slightly higher than the maximum number of miles for commute rates. Let’s look at the average annual rates from companies based on commute mileage.
| Companies | Average Annual Rates for 10 Miles Commute 6,000 Annual Mileage | Average Annual Rates for 25 miles commute 12,000 Annual Mileage |
|---|---|---|
| Liberty Mutual | $2,814 | $2,814 |
| USAA | $3,283 | $3,475 |
| Geico | $3,436 | $3,586 |
| State Farm | $3,546 | $3,729 |
| American Family | $3,707 | $3,870 |
| Nationwide | $3,800 | $3,800 |
| Progressive | $4,409 | $4,409 |
| Allstate | $5,786 | $5,786 |
| Farmers | $5,798 | $5,798 |
Liberty Mutual, Allstate, Farmers, Nationwide, and Progressive charge the same annual rate regardless of the miles you drive during the policy period.
Best Auto Insurance for Coverage Level Rates
The coverage level is determined by the minimum requirements for auto insurance. Colorado Springs is a city in Colorado. Therefore, the city is compliant with Colorado’s auto insurance minimum requirements.
What is the minimum car insurance in Colorado? According to Colorado General Assembly, the Colorado minimum requirements for auto insurance are $25,000 for bodily injury or death of one person per accident, $50,000 for bodily injury or death of multiple people per accident, and $15,000 for property damage per accident.
You may see the minimum requirements listed as 25/50/15, which is the lowest coverage rule in Colorado. You can increase the coverage rule to 50/100/50 or 100/300/100, but you’ll have to pay more on your auto insurance policy.
Let’s look at the average annual rates based on coverage levels.
| Companies | Average Annual Rates with Low Coverage | Average Annual Rates with Medium Coverage | Average Annual Rates with High Coverage |
|---|---|---|---|
| Liberty Mutual | $2,623 | $2,801 | $3,018 |
| Geico | $3,108 | $3,435 | $3,990 |
| USAA | $3,213 | $3,380 | $3,545 |
| State Farm | $3,352 | $3,640 | $3,920 |
| American Family | $3,586 | $3,866 | $3,912 |
| Nationwide | $3,767 | $3,801 | $3,833 |
| Progressive | $4,005 | $4,425 | $4,798 |
| Farmers | $5,037 | $5,710 | $6,646 |
| Allstate | $5,422 | $5,762 | $6,172 |
Liberty Mutual remains the cheapest auto insurance company in Colorado Spring, CO. Progressive, Farmers, and Allstate are the most expensive auto insurance companies even at low coverage levels.
Best Auto Insurance for Credit History Rates
Most drivers don’t realize how important their credit score is when determining their monthly rates. Auto insurance companies will look at your credit to determine if you’re a risk.
According to the Federal Trade Commission, there’s a correlation between credit history and risk.
Auto insurance companies agree that customers with a low credit score have a higher chance to file a claim, so they issue more expensive rates to drivers with low credit scores. Here are the average annual rates based on credit history.
| Companies | Aveage Annual Rates with Poor Credit | Aveage Annual Rates with Fair Credit | Aveage Annual Rates with Good Credit |
|---|---|---|---|
| Liberty Mutual | $4,010 | $2,470 | $1,963 |
| Geico | $4,226 | $3,511 | $2,796 |
| Nationwide | $4,595 | $3,638 | $3,168 |
| American Family | $4,920 | $3,504 | $2,939 |
| USAA | $4,987 | $2,857 | $2,294 |
| Progressive | $5,017 | $4,283 | $3,929 |
| State Farm | $5,043 | $3,248 | $2,622 |
| Farmers | $6,746 | $5,461 | $5,187 |
| Allstate | $7,394 | $5,682 | $4,281 |
Liberty Mutual and Geico are the cheapest auto insurance companies based on poor credit history. Drivers with fair and good credit can save money if they go with Liberty Mutual, USAA, State Farm, and Geico.
You can clearly see that drivers with poor credit are being charged anywhere from 25 to 50 percent more for auto insurance than those with good credit.
Best Auto Insurance for Driving Record Rates
Auto insurance companies are increasingly offering “Accident Forgiveness” discounts for drivers with minor violations on their records. However, there are limits to these discounts.
Most of them won’t apply to serious citations, such as a DUI or a Reckless Driving charge. Let’s examine the auto insurance rates of different companies based on driving records.
| Companies | Average Annual Rates with a Clean Record | Average Annual Rates with 1 Speeding Violation | Average Annual Rates with 1 Accident | Average Annual Rates with 1 DUI |
|---|---|---|---|---|
| USAA | $2,463 | $2,776 | $3,015 | $5,263 |
| Geico | $2,466 | $3,224 | $3,861 | $4,493 |
| Liberty Mutual | $2,473 | $2,906 | $2,894 | $2,984 |
| American Family | $2,802 | $3,177 | $3,971 | $5,203 |
| Nationwide | $2,930 | $3,221 | $3,994 | $5,057 |
| State Farm | $3,330 | $3,638 | $3,945 | $3,638 |
| Progressive | $3,804 | $4,435 | $5,383 | $4,015 |
| Farmers | $4,896 | $5,780 | $6,299 | $6,215 |
| Allstate | $4,933 | $5,589 | $5,679 | $6,941 |
Overall, Liberty Mutual is the cheapest auto insurance company based on driving records. USAA is the second-cheapest company, while Farmers is the most expensive auto insurance company when determining insurance based on driving record. Not only are accidents and DUIs expensive, but you may end up losing your coverage.
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What affects auto insurance rates in Colorado Springs?
You just looked at auto insurance quotes under a Colorado Spring ZIP and you’re probably wondering what affects auto insurance rates. Road conditions, vehicle theft, and how long it takes for commutes from work to home are additional factors that go overlooked.
Continue reading through this sub-section to learn more about how these factors affect your auto insurance rate.
Colorado Springs Road Conditions
The National Transporation Research Nonprofit, or TRIP, reports road conditions of metro areas across the United States.
Colorado Springs appears as one of the most popular metro areas in the organization’s research. Here’s a review of the latest Colorado Springs road conditions report.
- Poor Share: 37 percent
- Mediocre Share: 25 percent
- Fair Share: 16 percent
- Good Share: 21 percent
Vehicle operating costs (VOC) are also included in the reports.
VOC is the cost of vehicle use including repairs, mile deprection cost, repairs, general car maintenance, tires, and fuel.
For Colorado Springs, the VOC is $702.
Vehicle Theft in Colorado Springs
According to the Federal Bureau of Investigations (FBI), Colorado Springs had 2,399 motor vehicle thefts in 2018.
Watch this news report on vehicle theft in Colorado Springs.
Safe neighborhoods are communities where the crime rate is the lowest. Neighborhood Scout reported 10 areas in Colorado Springs that are the safest.
- Fort Carson
- Route 115 / Turkey Canyon Ranch Rd
- Black Forest
- Vollmer Rd / Shoup Rd
- Gleneagle
- E Woodmen Rd / Meridian Rd
- Allegheny Dr / Oak Hills Dr
- Black Forest Hwy / Baker Rd
- Route 94 / Peyton Hwy
- Route 115 / Star Ranch Rd
Despite being listed as the top 10 safest neighborhoods, Colorado Springs crime index is 8, where 100 is the measure as the safest index.
How many crimes happen within a year? Here is the latest Colorado Springs annual crime report.
| Type of Crimes | Number of Crimes | Crime Rate (per 1,000) |
|---|---|---|
| Violent Crimes | 2,623 | 5.55 |
| Property Crimes | 15,834 | 33.5 |
| Total | 18,457 | 39.05 |
Neighborhood Scout’s research shows that you’re more likely to encounter a property crime than a violent crime. Colorado Springs’ annual crime rates are higher than the Colorado state average and the national average.
The chances you’ll be a victim of violent crime in Colorado Springs is one in 180, while the state of Colorado chances is one in 252.
What about property crime chances? The chances you could be a victim of property crime is one in 30, but the chances for the state of Colorado is one in 37.
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Traffic Congestion in Colorado Springs, CO
Technology has made it easier to track traffic. Inrix is one of the organizations that rank metro areas across the world. Let’s look at the latest Inrix traffic report of Colorado Springs.
| Colorado Springs Traffic Data | Statistics |
|---|---|
| Most Congested City in the Country | 116th |
| Most Congested City in the World | 682nd |
| Driving time spent in congestion in 2019 | 14 hours |
| Cost of congestion per driver | $207 |
| Inner-city last-mile speed | 23 MPH |
Inner-city commute times are much longer due to the higher population in the urban area. The farther you go out from urban areas, the less the commute time.
Allstate America’s Best Drivers Report
Another popular annual report is Allstate America’s Best Driver’s. The report ranks cities based on the performance of drivers.
Currently, Colorado Springs overall ranking is 13th. The average number of claims is 12, while hard-braking events are 22. per 1,000 miles.
How is traffic in Colorado Springs?
According to Data USA, it can take about 15 to 23 minutes to commute to work for the average Colorado Springs driver. Nearly 80 percent of workers prefer to drive to work in their own car.
Only around 12 to 16 percent choose to carpool.
If you have your vehicle insured as a business vehicle, get ready to pay more on your auto insurance rates. On average, business vehicles cost 10 to 12 percent more to insure than those that are primarily driven for work/school/pleasure.
Also, if you’re worried about your yearly mileage, don’t be. Even if you drive above-average distances, it shouldn’t increase your premiums by more than 2-3 percent.
If you want to start comparing cheap car insurance in Colorado Springs, CO auto insurance companies right now, enter your ZIP code in the FREE comparison tool below!
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Frequently Asked Questions: Cheap Auto Insurance in Colorado Springs, CO
Let’s recap some of the information you’ve learned in the Colorado Springs auto insurance guide. Also, we’ll answer a few frequently asked questions that appear on search engines across the internet.
#1 – Who has the cheapest car insurance in Colorado?
You may have seen Root car insurance, The General car insurance, and Grange auto insurance in Colorado mentioned as a cheap auto insurance company.
#2 – What is the average cost of car insurance in Colorado?
The average cost of Colorado auto insurance is $3,892 per year or $324 per month.
#3 – Why is auto insurance so expensive in Colorado?
Colorado is home to some of the most popular metro areas. It’s also a state where tourism increases the number of people on the roadways.
#4 – What is the most affordable car insurance?
The most affordable companies for car insurance are USAA, Geico, and State Farm. Liberty Mutual has the most affordable car insurance in Colorado Springs, Co.
#5 – Is Amica insurance any good? Where is Amica insurance located?
Amica insurance in Colorado Springs is $2,940 per year or $245 per month. Amica Insurance is one of the best auto insurance companies in the United States, with headquarters in Rhode Island. does Amica Insurance have local agents in Colorado Springs? No, Amica is a direct buy insurance company, so there is no Amica Insurance agent locator.
You can find an Amica insurance login, claims, address, customer service information, and Amica Insurance reviews on our full review of Amica Mutual here.
Other Colorado Springs auto insurance choices include USAA, Auto Owners, and Safe Auto. Shop around to find cheap auto insurance in Colorado Springs, CO.