Wouldn’t it be nice if we could just tell you the single best car insurance company that has the cheapest rate quotes for drivers with accidents? It’s not that easy, however, as there are a whole bunch of unknown factors such as what level of deductibles you wish to have, if you own a home, and your age, that all influence how much you pay for auto insurance. Car insurance is kind of a dry topic, but this article will explain the best ways to maintain low rates and educate you enough to have a good start in finding the cheapest car insurance in Colorado Springs.
For drivers with at-fault accidents, one of the more important factors that aid in calculating car insurance rates is where you live. Areas with more people or higher crime rates tend to have more expensive auto insurance rates, whereas areas with less crime or weather claims benefit from lower prices.
The following table shows the most expensive areas in Colorado for drivers with accidents in which to purchase auto insurance. Colorado Springs is ranked at #6 with a yearly cost of $1,329 for the average insurance policy, which is about $111 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Pueblo | $1,440 |
| 2 | Denver | $1,383 |
| 3 | Lakewood | $1,378 |
| 4 | Aurora | $1,361 |
| 5 | Commerce City | $1,354 |
| 6 | Colorado Springs | $1,329 |
| 7 | Thornton | $1,320 |
| 8 | Arvada | $1,308 |
| 9 | Security-Widefield | $1,291 |
| 10 | Northglenn | $1,290 |
| 11 | Ken Caryl | $1,287 |
| 12 | Brighton | $1,285 |
| 13 | Westminster | $1,284 |
| 14 | Highlands Ranch | $1,267 |
| 15 | Centennial | $1,265 |
| 16 | Littleton | $1,254 |
| 17 | Parker | $1,233 |
| 18 | Castle Rock | $1,211 |
| 19 | Boulder | $1,171 |
| 20 | Broomfield | $1,167 |
| 21 | Longmont | $1,144 |
| 22 | Grand Junction | $1,120 |
| 23 | Greeley | $1,110 |
| 24 | Fort Collins | $1,100 |
| 25 | Loveland | $1,074 |
| Find Cheaper Rates Go | ||
Rates are comparative as the garaging address in Colorado Springs can change insurance rates noticeably.
The make and model of vehicle on the policy is one of the primary factors when trying to find cheaper coverage for drivers with accidents. Vehicles with reasonable performance levels, modern passenger safety features, or a low likelihood of having liability claims will cost substantially less to insure than high performance models. The list below illustrates auto insurance rates for some of the most affordable automobiles to buy coverage for.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 2WD | $2,856 |
| Honda Accord LX-P 4-Dr Sedan | $2,985 |
| Honda CR-V EX-L 2WD | $3,078 |
| Volkswagen Jetta S 2.5 Station Wagon | $3,214 |
| Toyota Prius | $3,296 |
| Chevrolet Silverado LS Extended Cab 4WD | $3,387 |
| Dodge Grand Caravan SE | $3,419 |
| Toyota Tacoma Double Cab TRD Sport Package 4WD | $3,421 |
| Ford Focus SEL 4-Dr Sedan | $3,527 |
| Honda Odyssey EX-L | $3,564 |
| Toyota RAV4 4WD | $3,592 |
| Ford Fusion Sport 4-Dr Sedan | $3,599 |
| GMC Sierra SLT Extended Cab 4WD | $3,607 |
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Cost estimates assume single male driver age 30, no speeding tickets, two at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, multi-vehicle, and homeowner. Information does not factor in Colorado Springs, CO location which can alter auto insurance rates greatly.
Looking at the data, you can conclude that vehicles like the Ford Escape, Honda Accord, and Honda CR-V will be a few of the most economical vehicles to insure for drivers with at-fault accidents. Car insurance rates will be more expensive just because there is a higher risk for drivers with accidents, but in general those particular models will have the cheapest car insurance rates that you are likely to find.
How violations and accidents impact rates
The recommended way to obtain the cheapest car insurance rates for drivers with at-fault accidents is to drive safe and avoid tickets and accidents. The information below illustrates how speeding tickets and accident claims influence car insurance rates for each different age group. The data assumes a single female driver, comp and collision included, $1,000 deductibles, and no other discounts are factored in.
In the previous chart, the average cost of an auto insurance policy in Colorado Springs per year with no violations or accidents is $1,410. Get written up for two speeding tickets and the average cost rises to $1,875, an increase of $465 each year. Now include one accident along with the two speeding tickets and the 12-month cost of car insurance for drivers with accidents goes up to an average of $2,347. That’s an increase of $938, or $78 per month, just for being a careless driver!
Discounts on Colorado Springs auto insurance rates
Insurers that provide coverage for drivers with accidents may have policy discounts that could potentially reduce rates by as much as 30% if you qualify. A few popular companies and some of their more popular discounts are shown below.
- GEICO offers discounts including anti-theft, emergency military deployment, anti-lock brakes, defensive driver, military active duty, and federal employee.
- Mercury Insurance may offer discounts for anti-theft, professional/association, multi-policy, accident-free, and ease of repair.
- Farmers Insurance includes discounts for good student, alternative fuel, switch companies, homeowner, electronic funds transfer, youthful driver, and bundle discounts.
- Auto-Owners Insurance may have discounts that include paid in full, air bags, safe vehicle, multiple vehicles, and mature driver.
- Liberty Mutual has discounts for multi-car, hybrid vehicle, new graduate, new move discount, and new vehicle discount.
- SAFECO may include discounts for anti-lock brakes, anti-theft, teen safety rewards, safe driver, and multi-car.
- Progressive offers discounts for online signing, multi-policy, online quote discount, homeowner, good student, multi-vehicle, and continuous coverage.
- USAA has savings for new vehicle, safe driver, family discount, good student, and loyalty savings.
The example below illustrates the comparison of insurance premiums with and without discounts applied to the policy rates. The rate quotes are based on a female driver, two accidents and no traffic tickets, Colorado state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with continuous coverage, homeowner, paid-in-full, multiple policy, multiple vehicle, and paperless filing discounts applied. When drivers qualify for the discounts, the average savings per year on car insurance for drivers with accidents is 28% or $1,231.
Why you are probably overpaying for car insurance
Colorado Springs, CO car insurance rates are impacted by many factors that will increase or decrease the price you have to pay for coverage. Simply having a birthday, buying another vehicle, or getting into an accident can cause premium changes resulting in some companies being cheaper than before.
Not only may your situation change, but auto insurance companies modify rates as needed in order to protect their financial rating. Larger than normal claims can result in additional premium costs, while less frequent claims may cause cheaper Colorado Springs car insurance rates.
To illustrate this example, the graph below shows rates for the cheapest car insurance in Colorado Springs, CO for a 45-year-old male driver with a good driving record, no prior claims, and good credit. If we estimate rates based on his current rating profile, The Hartford may have the lowest car insurance rates in Colorado Springs at $1,028 per year. This is $550 less than the average price paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO are the remaining cheapest Colorado Springs, CO auto insurance companies.
The chart below compares rates after we give the driver from the above example a chargeable claim, less-than-perfect credit, and a stop sign violation. Because every insurance company has a different formula to set premium rates, analyzing rate quotes most likely will result in a different ranking of companies as shown below.
Auto-Owners now has the best price in Colorado Springs with State Farm, Grange, American Family, and USAA also being competitive. This example proves why it is critical to shop around to get cheap insurance quotes for drivers with accidents.
Rates can be determined by many different factors and can increase or decrease at any time, so the most affordable company when you last compared rates may now cost much more than other companies.
If you wish to have some advice when shopping for the best coverage for drivers with at-fault accidents, the agents listed below are willing to help you decide which coverages you need. To find a Colorado Springs insurance agent near you, click the button below the list.
Allstate Insurance: Cally O’Donnell
3993 Academy Blvd N – Colorado Springs, CO 80917 – (719) 596-8800
Ross Silva Agency – American Family Insurance
2746 E Bijou St – Colorado Springs, CO 80909 – (719) 597-2800
Kevin Good – State Farm Insurance Agent
11550 Ridgeline Dr #118 – Colorado Springs, CO 80921 – (719) 599-8200
Connie Slater – State Farm Insurance Agent
5731 Silverstone Terrace #120 – Colorado Springs, CO 80919 – (719) 268-9003
Farmers Insurance – Patricia Szeredy
6632 Delmonico Dr – Colorado Springs, CO 80919 – (719) 268-0080
View more Colorado Springs, CO insurance agents
How to find more affordable auto insurance for drivers with accidents
Lowering your rates is not difficult, and here are a few money-saving ideas that can help Colorado drivers get cheap coverage.
- Staying accident-free helps keep rates low
- Vehicles with good safety ratings have lower liability rates
- Improve your credit score
- Higher deductibles mean lower rates
- Avoid getting tickets or violations
- Remove physical damage coverage on older vehicles
- Comparison shop at least every other year
The last idea is extraordinarily critical, as we discussed in this piece. Insurance rates can change considerably based on profitability, so don’t hesitate to buy a policy from a new company if a better rate can be found. Many drivers prefer to stick with one company, but it’s not a great idea if that devotion results in you overpaying a lot of money every month. It only take a few minutes to compare prices to find cheaper auto insurance for drivers with accidents in Colorado Springs.