Who Has Affordable Car Insurance Quotes for College Graduates in Colorado Springs?

The words “low-cost” and “insurance” probably shouldn’t be used in the same sentence, especially when comparison shopping for the best coverage prices for college graduates. To help control this cost, let’s lead off by showing you some things that have an effect on insurance premiums, and find some ways to reduce the price of the next policy you buy.

The car, truck, or SUV that is being insured is one of the largest factors that determines whether or not you find affordable coverage for college graduates. Vehicles with lower performance, good safety features, or a low likelihood of having liability claims will cost significantly less to insure than higher performance models.

The next list presents coverage costs for some of the most cost-effective vehicles to insure.

Cheapest Vehicles to Insure in Colorado Springs, CO
Insured Vehicle Estimated Cost for Full Coverage
Honda CR-V LX 4WD $1,132
Ford Escape Limited 4WD $1,229
Honda Accord LX 4-Dr Sedan $1,301
Toyota RAV4 4WD $1,342
Hyundai Elantra Blue 4-Dr Sedan $1,386
Ford Focus SES 4-Dr Sedan $1,396
Toyota Corolla XLE $1,412
Honda Odyssey EX-L W/Navigation $1,418
Volkswagen Jetta SEL 4-Dr Sedan $1,439
GMC Sierra 2500HD SLT Crew Cab 4WD $1,509
Honda Civic DX 4-Dr Sedan $1,514
GMC Sierra SLT Crew Cab 4WD $1,533
Ford F-250 XL Super Cab Cabela Package 2WD $1,536
Chevrolet Impala LT $1,543
Toyota Prius $1,548
Ford Explorer Eddie Bauer 2WD $1,560
Dodge Ram 3500 Crew Cab Laramie 2WD $1,572
Dodge Grand Caravan Crew $1,580
Ford F-150 Lariat Crew Cab 4WD $1,572
Ford Edge Limited 2WD $1,616
Nissan Altima 2.5 S 4-Dr Sedan $1,623
Chevrolet Malibu Hybrid $1,649
Chevrolet Equinox LS AWD $1,659
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Premium data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Price estimates do not factor in specific garaging location which can revise coverage prices greatly.

Based upon these rates, makes and models like the Honda CR-V, Ford Escape, and Honda Accord are the more affordable vehicles to insure for college grads.

Finding decent, reasonably-priced insurance is not most people’s favorite thing to do, and determining which companies quote the cheapest car insurance rates for college graduates may require a little more work. Every auto insurer uses slightly different criteria to set policy rates, so let’s take a look at the most budget-friendly car insurance companies in Colorado Springs.

It’s important that you understand Colorado Springs car insurance rates are based on many factors which can substantially change the policy premium. This price variability is why Colorado Springs drivers need to compare as many rates as possible when trying to find affordable insurance quotes for college graduates. Auto insurance prices are influenced by many factors and can change without notice, so the cheapest company when you last compared rates may now be quite expensive.

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What’s the cheapest car insurance in Colorado?
Rank Company Cost Per Year
1 The Hartford $825
2 Grange $987
3 USAA $1,029
4 Nationwide $1,121
5 GEICO $1,152
6 Auto-Owners $1,204
7 Travelers $1,207
8 State Farm $1,222
9 American Family $1,262
10 Progressive $1,376
11 Amica $1,381
12 Allied $1,439
13 California Casualty $1,502
14 Farmers $1,565
15 Colorado Farm Bureau $1,624
16 MetLife $1,811
17 Allstate $2,076
18 Encompass $2,187
19 Safeco $2,547
20 Titan $2,657
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The Hartford normally has some of the best car insurance rates in Colorado Springs at around $825 per year. Grange, USAA, Nationwide, and GEICO also rank well as some of the more affordable Colorado Springs, CO auto insurance companies.

As the rates illustrate above, if you currently buy coverage from GEICO and switched to Grange, you could earn savings of in the neighborhood of $165. Insureds with Auto-Owners could save as much as $217 a year, and Travelers customers might lower prices by up to $220 a year.

Bear in mind that those prices are averaged for all types of drivers and the different vehicles they drive and do not take into consideration a specific location for college graduates. So the company that is best suited for you may not even be in the top 21 companies shown above. That’s why you need to compare prices as often as possible using your own driver information and specific vehicle type.

For college grads, one of the big components that are looked at to help calculate auto insurance rates is the neighborhood you call home in Colorado Springs. Larger areas tend to have more expensive car insurance rates, whereas more rural areas have the luxury of lower rates.

The illustration below lists the most expensive places in Colorado for college graduates to purchase auto insurance in. Colorado Springs makes the list at #8 with an annual premium of $1,329 on average, which is around $111 each month.

Car insurance prices in Colorado Springs
Rank City Average Per Year
1 Aurora $1,417
2 Pueblo $1,412
3 Denver $1,397
4 Lakewood $1,378
5 Commerce City $1,354
6 Northglenn $1,342
7 Security-Widefield $1,330
8 Colorado Springs $1,329
9 Littleton $1,306
10 Thornton $1,281
11 Ken Caryl $1,274
12 Westminster $1,272
13 Centennial $1,265
14 Castle Rock $1,261
15 Parker $1,257
16 Arvada $1,256
17 Highlands Ranch $1,241
18 Brighton $1,235
19 Boulder $1,207
20 Broomfield $1,179
21 Longmont $1,133
22 Grand Junction $1,132
23 Greeley $1,122
24 Loveland $1,107
25 Fort Collins $1,089
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Annual rates are comparative as the garaging address in Colorado Springs can affect premium rates considerably.

Get discounts on Colorado Springs auto insurance

Save on car insurance for college grads in Colorado SpringsInsurance companies that offer quotes for college graduates may have price discounts that can lower rates by 25% or more if you meet specific criteria. A list of car insurance companies and some of the discounts can be found below.

The information below illustrates the difference between yearly insurance costs with and without discounts applied to the rates. The premiums assume a female driver, a clean driving record, no claims, Colorado state minimum liability limits, comprehensive and collision coverage, and $500 deductibles.

The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with anti-theft, passive restraint, marriage, safe-driver, accident-free, and claim-free discounts applied. With discounts applied, theaverage amount saved on car insurance for college graduates is 28% or $437.

Colorado car insurance company ratings

Choosing the highest-rated car insurance company is difficult considering how many choices there are in Colorado. The ranking data shown below could help you pick which auto insurers to look at when shopping insurance around for college graduates. The rankings below are for companies with a national presence, so companies that only write business in Colorado or surrounding areas are not included in these rankings.

Colorado Springs, CO Car Insurance Company Rankings
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 98 100 100 94% A++ 98.6
American Family 98 89 100 86% A 95.4
State Farm 88 93 96 90% A++ 92.4
The Hartford 94 92 90 89% A+ 91.7
AAA Insurance 88 89 95 91% A 91.2
GEICO 84 93 93 89% A++ 90.3
The General 89 91 89 88% A- 90
Titan Insurance 90 87 91 95% A+ 89.6
Progressive 84 91 93 87% A+ 89.5
Allstate 85 90 92 88% A+ 89.3
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Data Source: Insure.com Best Car Insurance Companies

Why are you paying too much for car insurance?

Colorado car insurance rates are influenced by many factors which can substantially decrease or increase the price you have to pay. Simply improving your credit, increasing deductibles, or getting a ticket for careless driving can trigger changes in premium resulting in some rates now being cheaper than competitors. Not only may your risk profile change, but insurers change the rates they charge in Colorado multiple times each year in order to offset underwriting gains or losses. Larger than normal claims can result in higher rates, while lower claims may cause cheaper Colorado Springs car insurance rates.

To illustrate this point, the bar chart below shows rates for the cheapest car insurance in Colorado Springs, CO for a 45-year-old female driver with a good driving record, no prior claims, and a high credit rating. If we look at prices based on her personal risk profile, The Hartford has the best car insurance rates in Colorado Springs at $1,039 annually. This is $539 less than the average price paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and Auto-Owners are the remaining most affordable Colorado Springs, CO auto insurance companies.

In the next rate comparison, we’ll give the driver from the first example a couple of claims, a lower credit rating, and a traffic ticket or two. Since each insurance company has a unique approach to determine rates, analyzing rate quotes may now present a significantly different list of the cheapest car insurance companies in Colorado Springs as shown below.

Travelers now has the cheapest rate in Colorado Springs, CO with State Farm, American Family, Grange, and Progressive now rounding out the top five. This illustrates why Colorado drivers need to perform an extensive rate comparison to get the best insurance rates for college graduates. Car insurance prices are made up of many risk factors and change substantially, so the lowest-price company three years ago may now be priced much higher than other options.

How to find more affordable auto insurance for college graduates

Lowering your rates is not difficult, and here are some thrifty ideas that can help Colorado drivers find cheaper coverage.

That last piece of advice is incredibly important, as was emphasized in this piece. Coverage prices can change significantly in a year, so drivers shouldn’t be reluctant to buy from a new company if you find a cheaper price. Many drivers tend to have loyalty to a certain company, but is isn’t recommended if your bullheadedness ends up costing you hundreds of dollars a year. Now is a great time to compare rates and find cheaper car insurance for college graduates in Colorado Springs.