One of the many criteria that are looked at to determine auto insurance rates is your zip code in Colorado Springs. Cities with larger populations or higher claim trends will most likely pay more, whereas areas that tend to be more rural profit from lower rates.
The information below shows the highest-priced places in Colorado for uninsured drivers to buy an auto insurance policy in. Colorado Springs shows up at #9 with the annual price of $1,290 for car insurance, which is approximately $108 per month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Denver | $1,425 |
| 2 | Pueblo | $1,412 |
| 3 | Lakewood | $1,378 |
| 4 | Aurora | $1,375 |
| 5 | Commerce City | $1,354 |
| 6 | Security-Widefield | $1,343 |
| 7 | Ken Caryl | $1,313 |
| 8 | Centennial | $1,304 |
| 9 | Colorado Springs | $1,290 |
| 10 | Northglenn | $1,290 |
| 11 | Thornton | $1,281 |
| 12 | Brighton | $1,273 |
| 13 | Westminster | $1,272 |
| 14 | Highlands Ranch | $1,267 |
| 15 | Parker | $1,257 |
| 16 | Arvada | $1,256 |
| 17 | Littleton | $1,254 |
| 18 | Castle Rock | $1,248 |
| 19 | Broomfield | $1,179 |
| 20 | Boulder | $1,171 |
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Annual rates are comparative as the garaging address in Colorado Springs can influence coverage prices greatly.
The car, truck, or SUV to be insured is a large consideration when comparison shopping for the most affordable insurance for uninsured drivers. Vehicles with average performance, good crash test ratings, or a low likelihood of liability claims will cost substantially less to insure than adrenaline junky models. The data below shows insurance costs for a selection of the most budget-friendly automobiles to insure.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 4WD | $1,132 |
| Volkswagen Jetta S 2.5 Station Wagon | $1,229 |
| Dodge Grand Caravan SE | $1,272 |
| Honda Accord EX 4-Dr Sedan | $1,391 |
| Ford Edge Limited AWD | $1,412 |
| Toyota Camry XLE | $1,419 |
| Honda CR-V EX-L 2WD | $1,425 |
| Nissan Rogue SL 2WD | $1,439 |
| Toyota Prius | $1,444 |
| Ford F-150 FX2 Super Cab 2WD | $1,463 |
| Ford Fusion SEL AWD 4-Dr Sedan | $1,533 |
| Chevrolet Impala LT | $1,543 |
| Jeep Grand Cherokee Laredo 2WD | $1,551 |
| Jeep Wrangler Rubicon 4WD 2-Dr | $1,560 |
| Honda Civic EX 4-Dr Sedan | $1,594 |
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Cost estimates assume single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Rate quotes do not factor in specific garaging location which can alter prices noticeably.
Based upon the rates shown, we can presume that cars like the Ford Escape, Volkswagen Jetta, Dodge Grand Caravan, and Honda Accord will definitely be some of the most budget-friendly vehicles to insure for drivers with no prior coverage.
Full coverage versus liability-only
Paying less for car insurance is probably important to the majority of people, and one easy way to lower the cost of insurance for uninsured drivers is to buy liability only. The chart below shows the difference between car insurance costs when comparing full coverage to liability only. The premiums are based on no accidents, no driving violations, $1,000 deductibles, single status, and no discounts are taken into consideration.
If we average all the age groups together, full coverage costs $1,476 per year more than insuring for liability only. Many of you may wonder if you should buy full coverage. There is no definitive formula to drop full coverage on your policy, but there is a general guideline. If the yearly cost of full coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it might be time to buy liability only.
For example, let’s pretend your vehicle’s claim settlement value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $3,000 after paying your deductible. If it’s costing in excess of $300 a year for physical damage coverage, then it might be time to buy liability only.
The information below demonstrates how choosing different deductibles can raise or lower insurance rates when searching for cheap insurance for uninsured drivers. The prices are based on a single male driver, full coverage, and no discounts are factored in.
In the chart above, a 50-year-old driver could cut expenses by $402 a year by increasing from a $100 deductible up to a $500 deductible, or save $606 by switching to a $1,000 deductible. Youthful drivers, like the 20-year-old, could reduce their rates as much as $1,332 each year just by choosing higher deductibles. When raising deductibles, it will be required to have enough savings to allow you to cover the extra out-of-pocket expense associated with higher deductibles.
Responsible drivers pay cheaper Colorado Springs car insurance rates
One of the best ways to find cheap car insurance premiums for drivers with no prior coverage is to drive safe and not receive tickets or have accidents. The example below illustrates how violations and accidents impact insurance costs for each different age group. The price estimates are based on a single male driver, comp and collision included, $1,000 deductibles, and no additional discounts are factored in.
The data charted above shows the average cost of a car insurance policy in Colorado Springs per year with no violations or accidents is $1,993. Get one speeding ticket and the average cost swells to $2,250, an increase of $258 each year. Now add two accidents along with the one speeding ticket and the 12-month cost of car insurance for uninsured drivers jumps again to an average of $4,654. That’s an increase of $2,661, or $222 per month, just for not driving safely!