What is the Cheapest Auto Insurance in Colorado?

Which cities are cheapest in Colorado?

For drivers in Colorado Springs, one of the largest things that are looked at to determine the cost of insurance is where you choose to live in Colorado. Regions with larger populations or more claims like Denver, Lakewood, and Colorado Springs are more likely to pay higher prices, whereas less populated areas benefit from lower rates.

The information below sorts the priciest cities in Colorado in which to buy car insurance.

Where does Colorado Springs, CO rank for car insurance cost?
Rank City Annual Rate
1 Denver $1,439
2 Pueblo $1,397
3 Lakewood $1,365
4 Aurora $1,361
5 Colorado Springs $1,329
6 Commerce City $1,314
7 Thornton $1,307
8 Security-Widefield $1,304
9 Arvada $1,295
10 Northglenn $1,290
11 Ken Caryl $1,287
12 Littleton $1,267
13 Centennial $1,265
14 Westminster $1,246
15 Brighton $1,235
16 Parker $1,233
17 Highlands Ranch $1,229
18 Castle Rock $1,211
19 Longmont $1,168
20 Broomfield $1,167
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Rate information is comparative as the specific area where the vehicle is garaged can affect auto insurance rates greatly.

Finding out which insurers offer the best auto insurance rates in Colorado Springs takes a tad more effort than just comparing a company or two.

Each insurer has a different formula to set policy rates, so to begin we’ll rank the overall cheapest auto insurance companies in Colorado Springs, CO. We do need to point out that Colorado Springs auto insurance rates are impacted by many things which can significantly increase or decrease the price you pay for coverage. Simply turning a year older, moving across town, or getting a ticket for running a stop sign can trigger price changes that may make certain companies cheaper than competitors.

Best Car Insurance Prices in Colorado Springs

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Cheapest Colorado auto insurance companies
Rank Company Cost Per Year
1 The Hartford $850
2 Grange $949
3 USAA $1,029
4 Nationwide $1,143
5 GEICO $1,152
6 Travelers $1,183
7 Auto-Owners $1,204
8 State Farm $1,222
9 American Family $1,301
10 Progressive $1,336
11 Amica $1,353
12 Allied $1,439
13 California Casualty $1,488
14 Colorado Farm Bureau $1,592
15 Farmers $1,629
16 MetLife $1,811
17 Allstate $2,015
18 Encompass $2,165
19 Safeco $2,447
20 Titan $2,711
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The Hartford may offer some of the lowest car insurance rates in Colorado Springs at around $850 annually. Grange, USAA, Nationwide, and GEICO also are some of the most economical Colorado Springs, CO car insurance companies.

In the above example, if you currently have a policy with Grange and switched to The Hartford, you may see an annual premium reduction of about $99. Customers with USAA may save as much as $179 a year, and Nationwide customers might reduce rates by $293 a year.

If you would like to find cheaper car insurance rates, click here to get a free quote or visit any of the low-priced companies below.

It’s important to note that these policy rates are averaged for all types of drivers and the different vehicles they drive and do not factor in a rate discount in Colorado Springs. So the auto insurance company that fits your age and vehicle best may not even be in the list above. That helps illustrate why you need to get rate quotes from many companies using your own driver data and vehicle information.

The vehicle on the policy is one of the biggest factors when quoting the most economical auto insurance in Colorado Springs. Vehicles with high performance engines, a lack of safety features, or a history of substantial liability claims will cost much more to insure than safer models. The information below features auto insurance premiums for some of the cheapest vehicles to buy coverage for.

Cheapest Vehicles to Insure in Colorado
Insured Vehicle Estimated Cost for Full Coverage
Honda CR-V EX 2WD $860
Ford Escape Limited 4WD $931
Dodge Grand Caravan CV $961
Chevrolet Impala LS $994
Honda Odyssey EX $1,001
Jeep Wrangler Sport 4WD 2-Dr $1,019
Ford Focus SES 4-Dr Sedan $1,047
Honda Accord LX 4-Dr Sedan $1,051
GMC Sierra SLT Extended Cab 2WD $1,085
Toyota Prius $1,087
Chevrolet Silverado LT Regular Cab $1,096
Nissan Rogue SL 2WD $1,087
Hyundai Sonata SE 4-Dr Sedan $1,139
Toyota Tacoma 2WD $1,141
Hyundai Elantra SE Touring Station Wagon $1,143
Toyota Camry Hybrid $1,158
Jeep Grand Cherokee Laredo 4WD $1,162
Ford F-150 Lariat Super Cab 2WD $1,186
Ford Explorer Eddie Bauer 4WD $1,192
Ford F-250 King Ranch Crew Cab 2WD $1,211
Ford Edge Sport 2WD $1,223
Chevrolet Malibu Hybrid $1,244
Toyota RAV4 Sport 4WD $1,251
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Table data represents single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Prices do not factor in vehicle location which can alter premiums substantially.

Looking at the data, we can presume that models like the Honda CR-V, Ford Escape, Dodge Grand Caravan, and Chevrolet Impala will be some of the most affordable vehicles to insure for drivers in Colorado Springs.

How violations and accidents impact rates

The best way to score low insurance prices for drivers in Colorado Springs is to drive attentively and avoid traffic citations and accidents. The chart below highlights how speeding tickets and at-fault collisions increase auto insurance costs for different age groups. The premium estimates are based on a married female driver, full coverage, $500 deductibles, and no discounts are applied to the premium.

In the example above, the average cost of auto insurance in Colorado per year with no violations or accidents is $1,274. Add in two speeding tickets and the average cost rises to $1,805, an increase of $531 each year. Then add in one accident along with the two speeding tickets and the 12-month cost of insurance in Colorado Springs jumps again to an average of $2,338. That’s an increase of $1,064, or $89 per month, just for not being more responsible behind the wheel!

Comparison of full coverage and liability-only policies

Saving on insurance is important to most people, and a good way to reduce the cost of insurance in Colorado Springs is to only buy liability coverage. The diagram below visualizes the comparison of insurance costs with full physical damage coverage and with liability coverage only. The price estimates are based on a clean driving record, no claims, $100 deductibles, drivers are single, and no other discounts are factored in.

On average, full coverage on your policy costs an additional $2,696 per year more than just buying liability insurance. At some point, every insured wonders when is the right time to remove full coverage. There isn’t a written rule to eliminate physical damage insurance, but there is a broad guideline. If the annual cost of having full coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you might want to consider buying only liability coverage.

How to find more affordable auto insurance in Colorado Springs

Here are some money-saving ideas that can help Colorado drivers buy more affordable auto insurance.

The last item on the list is incredibly significant, as we noted in the prior article. Prices charged by auto insurers in Colorado Springs adjust often, so don’t be unwilling to buy from a new company if a lower price can be found. We understand brand loyalty, but we do not recommend it if that dedication is costing a fortune every year. Take a couple minutes and compare rates to find cheaper car insurance in Colorado Springs.

If you aren’t sure which coverage to buy and prefer to have a consultation when comparing insurance rates for drivers in Colorado Springs, the agents below are willing to help you decide which coverage meets your needs best.

To find a Colorado Springs insurance agency nearest to you, click the button link following the list or click here to compare rates now.

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