The words “bargain” and “auto insurance” probably shouldn’t be used together, in particular when shopping around for the cheapest auto insurance after a speeding ticket. To save some money, let’s lead off by showing you some situations that impact car insurance prices, and see if we can help you lower the price of your next policy.
The car, truck, or SUV on the policy is probably the largest consideration when comparison shopping for cheaper car insurance after a speeding ticket. Vehicles with lots of horsepower, poor safety ratings, or an increased likelihood of liability claims will cost more to insure than safer models.
The list below presents coverage premiums for a handful of the cheapest vehicles to buy insurance for.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V LX 2WD||$1,622|
|Volkswagen Jetta S 2.5 Station Wagon||$1,762|
|Ford Escape XLS 2WD||$1,789|
|Ford F-150 XL Regular Cab 2WD||$1,851|
|Chevrolet Silverado LT Extended Cab 4WD||$1,919|
|Chevrolet Equinox LS 2WD||$1,927|
|Dodge Grand Caravan SXT||$1,955|
|Toyota Corolla S||$2,023|
|Ford Edge SE 2WD||$2,062|
|Honda Odyssey EX W/Rear Entertainment||$2,081|
|Chevrolet Malibu LS||$2,120|
|Toyota RAV4 Limited 4WD||$2,130|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$2,139|
|Ford Explorer Eddie Bauer AWD||$2,158|
|Ford F-250 XL Crew Cab 2WD||$2,197|
|Dodge Ram Quad Cab Sport 2WD||$2,233|
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Table data represents single female driver age 40, two speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, and multi-vehicle. Premium amounts do not factor in vehicle garaging location which can impact price quotes significantly.
Based upon the table data, you can presume that makes and models like the Honda CR-V, Volkswagen Jetta, Ford Escape, and Ford F-150 are most likely to be some of the most budget-friendly vehicles to insure after a few driving violations.
After a few driving violations, one of the largest things that are used to help calculate auto insurance rates is where you normally keep your vehicle. Cities with larger populations or higher claim trends tend to have higher auto insurance costs, whereas areas with less people or fewer weather incidents tend to receive slightly lower rates.
The illustration below shows the most expensive cities in Colorado after a speeding ticket to buy an auto insurance policy in. Colorado Springs is ranked #7 with the yearly price of $1,316 for coverage, which is around $110 monthly.
|Rank||City||Premium Per Year|
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Premium amounts are comparative as specific Colorado Springs garaging address can change insurance rates substantially.
Finding out which company offers the most affordable auto insurance rates after a speeding ticket will involve a tad more effort than just getting one or two price quotes. Each company has their own process for establishing rates, so we’ll take a look at the auto insurance companies with the most affordable rates in Colorado Springs, CO.
Find the Cheapest Auto Insurance with Licence Points
|Rank||Company||Cost Per Year|
|15||Colorado Farm Bureau||$1,624|
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The Hartford quotes some of the lowest car insurance rates in Colorado Springs at around $825 each year. This is $753 less than the average premium paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO also make the cut as some of the best Colorado Springs, CO insurance companies.
As depicted above, if you have coverage with Nationwide and switched to The Hartford, you could see an annual premium reduction of upwards of $296. Drivers with GEICO may save as much as $351 a year, and Auto-Owners insureds might reduce rates by $379 a year.
Remember that these rates are averages across all insureds and vehicles and do not factor in an exact zip code location after a speeding ticket. So the auto insurance company that has the cheapest rates for you may not even be in the top 21 companies shown above. That is why you need to get quotes using your own personalized driver profile and vehicle information.
Discounts on Colorado Springs car insurance
Insurers that provide policies after a speeding ticket may have policy discounts that can reduce rates by as much as 25% or more if you are eligible. The best auto insurance companies and their offered discounts can be read below.
- State Farm may offer discounts for passive restraint, safe vehicle, Steer Clear safe driver discount, defensive driving training, anti-theft, and accident-free.
- American Family offers discounts including Steer into Savings, air bags, good student, multi-vehicle, good driver, defensive driver, and accident-free.
- GEICO offers discounts for good student, driver training, air bags, defensive driver, military active duty, anti-theft, and federal employee.
- 21st Century may have discounts that include student driver, defensive driver, good student, anti-lock brakes, driver training, automatic seat belts, and 55 and older.
- Progressive has discounts for online signing, multi-vehicle, multi-policy, continuous coverage, and good student.
The chart below visualizes the comparison of insurance premiums with and without discounts applied to the policy rates. The price estimates are based on a female driver, two violations and no at-fault accidents, Colorado state minimum liability limits, comprehensive and collision coverage, and $100 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second shows the rates with continuous coverage, marriage, vehicle safety, multiple vehicle, paperless filing, and anti-theft discounts applied. In this example, the average savings per year on auto insurance after a speeding ticket is 28% or $958.
How to find a good Colorado Springs auto insurance company
Selecting a highly-rated insurance company can be a challenge considering how many companies are available to choose from in Colorado. The information in the lists below may help you choose which insurers to look at when trying to find the cheapest insurance after a speeding ticket. The ratings below include companies with a nationwide focus, so companies without a large exposure are not taken into consideration for the list.
Top 10 Large Auto Insurers in Colorado Springs Ranked by Value
- American Family
- The Hartford
- Titan Insurance
- The General
- AAA Insurance
- State Farm
Top 10 Large Auto Insurers in Colorado Springs Ranked by A.M. Best Rating
- USAA – A++
- Travelers – A++
- State Farm – A++
- GEICO – A++
- Esurance – A+
- Nationwide – A+
- Allstate – A+
- Progressive – A+
- Titan Insurance – A+
- The Hartford – A+
The illustration below demonstrates how choosing different deductibles can increase or decrease premium costs when getting quotes for cheap insurance after a speeding ticket. The data assumes a married female driver, full coverage, and no other discounts are factored in.
In the chart above, a 50-year-old driver could lower their policy premium by $240 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $362 by choosing a $1,000 deductible. Young drivers, like the Age 20 category, could save $594 every year just by choosing higher deductibles when buying full coverage. If you make the decision to raise deductibles, it will be required to have additional funds in a savings account to pay the extra out-of-pocket expense that deters many people from opting for higher deductibles.
How to find budget-friendly insurance after a speeding ticket
Below you’ll find a few money-saving suggestions that can help drivers buy low-cost car insurance.
- Raise physical damage deductibles
- If your vehicles are older, consider dropping full coverage
- Pay cheaper rates with good credit scores
- Accident-free drivers may qualify for discounts
- Speeding tickets and other violations increase rates
- Drive a car with a high safety rating
- Compare rates and switch if you can find a better deal
The last item on the list is extremely significant, as we discussed in the article above. Insurance rates change a lot, so don’t be afraid to change insurance companies if you find a cheaper price. Sticking with a specific company is fine, but we do not recommend it if it’s costing you money that could be used for better things. In just a few minutes you could compare prices to find cheaper insurance after a speeding ticket in Colorado Springs.
The agencies below are willing to help you determine which policy is best, since some drivers wish to have some professional guidance when buying car insurance after a few driving violations. It’s not always simple to find the best coverage on your own, so getting advice from a licensed Colorado insurance agent can provide satisfaction knowing your coverage gives you sufficient coverage for your assets.
To locate a Colorado Springs insurance agent near you, click the button at the bottom of the list.
- Southern Colorado Insurance Center
4390 Academy Blvd N – Colorado Springs, CO 80918 – (719) 329-4441
- Kevin Good – State Farm Insurance Agent
11550 Ridgeline Dr #118 – Colorado Springs, CO 80921 – (719) 599-8200
- American Family Insurance – Dave Karstens Agency Inc.
3225 Templeton Gap Rd Ste 104 – Colorado Springs, CO 80907 – (719) 636-3336
- Jensen Insurance Agency
125 N Parkside Dr #201f – Colorado Springs, CO 80909 – (719) 635-9557