The vehicle model needing coverage is one of the largest considerations when shopping for the most economical car insurance with multiple speeding tickets. Vehicles with lower performance, an excellent safety record, or a low likelihood of having liability claims will cost significantly less to insure than adrenaline junky models.
The information below shows coverage rates for the cheapest vehicles to insure.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V LX 4WD||$1,623|
|Ford Escape Limited 2WD||$1,831|
|Ford Fusion S 4-Dr Sedan||$1,920|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$1,957|
|Ford Focus SEL 4-Dr Sedan||$1,990|
|Dodge Grand Caravan SE||$2,005|
|Chevrolet Impala LTZ||$2,027|
|Toyota Corolla XLE||$2,032|
|Ford Edge Limited AWD||$2,027|
|Nissan Rogue S 2WD||$2,058|
|Jeep Wrangler Unlimited Sahara 4WD 4-Dr||$2,078|
|Ford F-150 STX Regular Cab 4WD||$2,109|
|Toyota RAV4 4WD||$2,121|
|Chevrolet Equinox LT AWD||$2,126|
|Honda Civic SI 4-Dr Sedan||$2,131|
|Ford Explorer Limited AWD||$2,160|
|Honda Odyssey EX||$2,186|
|Toyota Camry Hybrid||$2,201|
|Jeep Grand Cherokee Laredo 2WD||$2,232|
|Chevrolet Malibu Hybrid||$2,240|
|Volkswagen Jetta SEL 4-Dr Sedan||$2,276|
|Dodge Ram Quad Cab TRX4 Off Road 2WD||$2,310|
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Data based on single female driver age 50, 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. Estimates do not factor in your specific Colorado Springs, CO location which can raise or lower premium rates considerably.
Based on these rates, makes and models like the Honda CR-V, Ford Escape, Ford Fusion, Toyota Tacoma, and Ford Focus will definitely be some of the more affordable vehicles to insure after a few driving violations.
Figuring out which company offers the cheapest auto insurance rates with multiple speeding tickets involves a tad more effort in order to find the best price.
Each insurer used slightly different criteria for setting prices, so to begin we'll rank the auto insurance companies that tend to have lower prices in Colorado Springs, CO. It's important to understand that Colorado Springs, CO auto insurance rates are calculated based on many things which can substantially decrease or increase the cost of having a policy. Improving your credit rating, marrying your spouse, or getting a driving violation can trigger changes in premium that can make some companies more affordable than others.
Find Cheaper Car Insurance with License Points
The Hartford may offer some of the best car insurance rates in Colorado Springs at around $850 each year. Grange, USAA, Nationwide, and Auto-Owners also make the cut as some of the cheaper Colorado Springs, CO insurance companies.
As shown above, if you are a customer of USAA and switched to The Hartford, you could realize a yearly price reduction of in the vicinity of $159. Customers with Nationwide might save as much as $293 a year, and Auto-Owners customers might cut rates by $306 a year.
To find out how your current rates compare, click here to start your free quote or visit several of the following companies.
These rates are averages for all types of insureds and vehicles and do not take into consideration a specific zip code with multiple speeding tickets. So the insurer that is best suited for you may not even be in the top 21 companies in the list above. That illustrates why you need to get quotes using your own personalized driver profile and vehicle information.
One of the many factors that are looked at to determine auto insurance rates is your address in Colorado Springs. Cities with larger populations likely pay more, whereas areas with less congestion can boast about having cheaper rates.
The illustration below shows the priciest cities in Colorado with multiple speeding tickets in which to purchase auto insurance. Colorado Springs makes the list at #10 with a yearly premium of $1,290 for coverage, which is approximately $108 per month.
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Price information shown is estimated as the specific zip code location can impact rates greatly.
Safe drivers Colorado Springs pay cheaper rates
One of the best ways to snag good auto insurance prices in Colorado after a few driving violations is to be a cautious driver and avoid traffic citations and accidents. The illustration below illustrates how traffic citations and accident claims drive up insurance prices for different ages of insureds. The premiums assume a married male driver, full physical damage coverage, $1,000 deductibles, and no policy discounts are applied.
The data above shows the average cost of auto insurance in Colorado Springs per year with no accidents or violations is $1,254. Factor in one speeding ticket and the average cost swells to $1,444, an increase of $190 each year. Now get two accidents along with the one speeding ticket and the annual cost of auto insurance with multiple speeding tickets jumps again to an average of $3,227. That's an increase of $1,972, or $164 per month, just for not driving responsibly!
Liability only or full coverage
Saving money on auto insurance is the goal of the majority of drivers, and a good way to lower the cost of insurance with multiple speeding tickets is to buy liability only. The illustration below visualizes the comparison of premium costs with liability coverage only compared to full coverage. The costs are based on a clean driving record, no at-fault accidents, $250 deductibles, drivers are single, and no discounts are factored in.
If averaged out across all ages, full coverage on your policy costs an extra $1,845 per year over and above liability only. A very common question is when is it a good idea to stop buying full coverage. There is no definitive guideline of when to exclude physical damage coverage, but there is a general convention. If the yearly cost for physical damage coverage is more than around 10% of the replacement cost minus the deductible, then it's probably a good time to buy liability coverage only.
For example, let's pretend your vehicle's claim settlement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would receive is $3,000 after paying the physical damage deductible. If it's costing you more than $300 annually for comprehensive and collision coverage, then you may want to consider only buying liability coverage.
Don't make the mistake of not shopping around
Colorado auto insurance rates are based on many factors that control the price of coverage. Simply getting older, moving across town, or getting a ticket for careless driving may generate price changes resulting in some companies being cheaper than others.
Additionally, auto insurance companies change the rates they charge in Colorado as often as every three months in order to remain profitable. An unexpected high level of claims may cause more expensive prices, while less frequent claims can produce cheaper Colorado Springs car insurance rates.
As an example, the bar chart below shows a variety of companies that have the cheapest car insurance in Colorado Springs, CO for a 35-year-old female driver with no accidents or violations, and a good credit rating. When comparing rates based on her personal profile, The Hartford may offer the most affordable car insurance rates in Colorado Springs at $998 a year. This is $580 less than the average price paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO are the rest of the top five cheapest Colorado Springs, CO auto insurance companies.
Let's now give the driver from the first rate comparison a claim surcharge, slightly worse credit, and a traffic ticket or two. Due to the fact that every auto insurer has a unique approach to set their prices, comparing prices may now result in a different set of companies as shown below.
Auto-Owners now has the lowest price in Colorado Springs with State Farm, American Family, Progressive, and Amica now being in the top five. This example illustrates why consumers need to compare as many rates as possible to find the most affordable car insurance rates with multiple speeding tickets. Auto insurance prices consist of many factors and change substantially, so the cheapest company six months ago may now cost much more than other companies.
If you wish to have a professional recommendation when shopping for cheaper insurance with multiple speeding tickets, the professional agents shown below are a good start to help you decide which insurance coverage you need. To locate a Colorado Springs car insurance agency in your neighborhood, click the link after the list.
- State Farm: Austin Morgan
1806 Dominion Way Suite A - Colorado Springs, CO 80918 - (719) 630-1800
- Benson Insurance Group, LLC
5155 N Academy, #110 - Colorado Springs, CO 80918 - (719) 622-3079
- Ross Silva Agency - American Family Insurance
2746 E Bijou St - Colorado Springs, CO 80909 - (719) 597-2800
- Bob Scofield - State Farm Insurance Agent
1923 W Colorado Ave - Colorado Springs, CO 80904 - (719) 578-1111
- American Family Insurance - Dean Skaret Agency Inc.
2340 Academy Blvd N - Colorado Springs, CO 80909 - (719) 597-4330