Cheapest Auto Insurance in Colorado Springs, Colorado (2024)

State Farm offers the cheapest car insurance in Colorado Springs, with minimum-coverage policies as low as $53 per month.

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Ashley is a seasoned personal finance editor who’s produced a variety of digital content, including insurance, credit cards, mortgages, and consumer lending products.

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Corporate communications director for Insurance Information Institute

20+ years in insurance and communications

As Director, Corporate Communications for Triple-I, Mark serves as the non-profit’s national spokesperson, sharing information and education on a wide array of insurance issues.

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7+ years experience in data analysis

Ph.D. in Computational Biology

Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.

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Updated June 27, 2024

Save up to $717 by comparing quotes from the top 100+ insurance companies

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Cheapest recent rates near Colorado Springs, Colorado

Liberty Mutual helped a Audi A5 driver in Aspen, Colorado save on car insurance with this quote.

A Pueblo, Colorado driver just saved on coverage for their Buick Lesabre with this quote from Sun Coast.

State Farm's average rate for Colorado drivers with good credit and a clean driving record.

Dairyland helped a Toyota Corolla driver in Delta, Colorado save on car insurance with this quote.

A Fort Collins, Colorado driver just saved on coverage for their KIA Sportage with this quote from Bristol West.

We just helped a driver in Colorado Springs, Colorado cover their Honda Passport with this quote from Safeco.

The General helped a Pontiac G6 driver in Alamosa, Colorado save on car insurance with this quote.

A Alamosa, Colorado driver just saved on coverage for their Pontiac G6 with this quote from Direct Auto.

We just helped a driver in Denver, Colorado cover their Chevrolet Blazer with this quote from National General.

*Quotes generated for Insurify users in and around Colorado Springs, Colorado within the last 10 days. Last updated on June 27, 2024

Liberty Mutual helped a Honda HR-V driver in Fort Collins, Colorado save on car insurance with this quote.

We just helped a driver in Commerce City, Colorado cover their BMW X5 with this quote from The General.

Farmers's average rate for Colorado drivers with good credit and a clean driving record.

National General helped a BMW 3-Series driver in Englewood, Colorado save on car insurance with this quote.

We just helped a driver in Rocky Ford, Colorado cover their Hyundai Elantra with this quote from Direct Auto.

A Englewood, Colorado driver just saved on coverage for their BMW 3-Series with this quote from Bristol West.

Safeco helped a Mazda CX-30 driver in Denver, Colorado save on car insurance with this quote.

Allstate's average rate for Colorado drivers with good credit and a clean driving record.

GEICO's average rate for Colorado drivers with good credit and a clean driving record.

*Quotes generated for Insurify users in and around Colorado Springs, Colorado within the last 10 days. Last updated on June 27, 2024

Colorado Springs drivers pay an overall average of $163 per month for car insurance, which is higher than the Colorado state average of $152. At 6,000 feet above sea level, Colorado Springs boasts scenic mountain views that draw plenty of tourists. These visitors can increase traffic on Colorado Springs roads, which might explain the city’s higher insurance costs.

Learn which companies offer cheap insurance in Colorado Springs and how to find the lowest rate for your unique driving profile.

Colorado Springs drivers pay a monthly average of $234 for full-coverage car insurance and $91 for liability-only coverage.

State Farm, USAA, and American Family are among the cheapest insurers in Colorado Springs, each with rates well below the city average.

Colorado Springs drivers pay a yearly average of $2,812 for full-coverage car insurance.

3 of the cheapest car insurance companies in Colorado Springs

The best car insurance company for you will depend on your budget and specific needs as a driver. The following table outlines three of the cheapest car insurance companies in Colorado Springs and the drivers best suited for each company.

Our editorial team spent more than 350 hours developing the Insurify Quality (IQ) Score and scoring insurance companies. The IQ Score objectively analyzes and calculates a score for insurers using more than 15 crucial criteria. The team weighted criteria by importance to the consumer — factors such as customer reviews and affordability influence the score more than availability and third-party ratings.

We rate each company on a 1-to-5 scale based on five categories: financial ratings, customer satisfaction, affordability, customer support and transparency, and availability. Insurify updates ratings once a year or as more recent information becomes available.

Best insurer for liability-only coverage: State Farm

Liability-only coverageState Farm

State Farm is the largest car insurance company in the country by market share. Colorado Springs drivers who purchase State Farm’s liability-only insurance pay some of the lowest rates in the city.

Liability-only insurance is a good option for drivers of older vehicles or for drivers looking to save. State Farm drivers can earn discounts when they sign up for Drive Safe & Save, a telematics program that rewards safe driving.

Some of the lowest average rates in the city

Highest financial strength rating from AM Best

Above-average complaint frequency for a company of its size, according to the National Association of Insurance Commissioners (NAIC)

Large insurers may offer less personalized attention

Excellent

First Timer

Fair

Best insurer for drivers with DUIs: GEICO

drivers with duisGEICO

A DUI can cost you up to $13,500 in fines, legal fees, and increased insurance costs in Colorado. That’s why drivers who get a DUI will want to look for an affordable company that offers safe driving discounts as they rebuild their driving record.

GEICO rewards drivers who go accident-free for five years with savings of up to 22% on most coverages. GEICO customers who enroll in a defensive driving course can also save.

Highest financial strength rating from AM Best

Rates are well below the city average

Below-average customer satisfaction score from J.D. Power in the Southwest region

Full-coverage rates are much higher than many competitors

100

Too Much Money

Poor

Best insurer for military members and their families: USAA

Military Members and Their FamiliesUSAA

The military is central to Colorado Springs’ economy. The city is home to multiple military bases, 45,000 active-duty members, and more than 100,000 veterans. Luckily, USAA offers affordable rates to members of the military community.

USAA consistently earns some of the highest customer satisfaction scores from J.D. Power and other third-party insurance evaluators.

High customer satisfaction scores from J.D. Power in the Southwest region

Discounts for teens and safe drivers

Availability limited to military members and their families

Above-average NAIC complaint frequency for a company of its size

Good

Never Stop Trying to Get a Better Deal!

USAA Critique

How to get the cheapest car insurance in Colorado Springs

Several factors affect the costs of car insurance, such as age, driving history, and choice of vehicle. Luckily, you can save on car insurance by using the following strategies:[1]

Choose a higher deductible. Your deductible is the amount you pay out of pocket on a claim before your insurance kicks in. Generally, drivers with higher collision and comprehensive deductibles pay lower monthly car insurance rates. Liability coverage doesn’t have a deductible.

Look for discounts. When you sign up for a policy, it’s a good idea to check your company’s website or ask your agent for discounts. Most companies reward drivers who practice safe driving, install safety features, or purchase other policies, such as homeowners insurance or renters insurance, from the same insurer.

Pick a safe car. Fancy sports cars are considered high-risk, meaning they have a higher chance of leading to expensive claims. Choose a vehicle with a strong safety record and safety features in order to save on car insurance.

Shop around. Different companies offer different rates. The best way to find the lowest rate is to receive quotes from several companies, then compare them side by side using an online comparison tool.

Find Cheap Car Insurance in Colorado Springs

Liability rates start as low as $53 per month

Cheapest liability-only car insurance in Colorado Springs: State Farm

If you cause an accident, liability insurance covers the costs of the other driver’s repairs and medical bills. Liability-only insurance won’t cover the cost of repairing your own vehicle. Below are some of the cheapest car insurance companies in Colorado Springs for liability-only insurance.

Liability insurance in Colorado Springs costs an average of $91 per month. Check out liability quotes in the table below.

7+ years experience in data analysis

Ph.D. in Computational Biology

Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.

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Cheapest full-coverage car insurance in Colorado Springs: State Farm

Full-coverage auto insurance goes a step beyond liability-only insurance by including collision coverage and comprehensive coverage. Collision coverage helps with the cost of repairs to your own car after an accident, while comprehensive coverage is for damage to your car from non-collision events, such as fire, severe weather, or theft.

Drivers of new, high-value, or financed cars should consider full coverage.

Colorado Springs drivers pay $234 per month for full coverage, on average. Below are the cheapest full-coverage car insurance options in Colorado Springs.

7+ years experience in data analysis

Ph.D. in Computational Biology

Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.

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Cheapest recent rates near Colorado Springs, Colorado

A Colorado Springs, Colorado driver just saved on coverage for their Honda Passport with this quote from Liberty Mutual.

Sun Coast helped a Buick Lesabre driver in Pueblo, Colorado save on car insurance with this quote.

Allstate's average rate for Colorado drivers with good credit and a clean driving record.

A Alamosa, Colorado driver just saved on coverage for their Pontiac G6 with this quote from The General.

Dairyland helped a Toyota Corolla driver in Delta, Colorado save on car insurance with this quote.

We just helped a driver in Fort Collins, Colorado cover their KIA Sportage with this quote from Bristol West.

*Quotes generated for Insurify users in and around Colorado Springs, Colorado within the last 10 days. Last updated on June 27, 2024

We just helped a driver in Denver, Colorado cover their Mazda CX-30 with this quote from Liberty Mutual.

A Commerce City, Colorado driver just saved on coverage for their BMW X5 with this quote from The General.

Allstate's average rate for Colorado drivers with good credit and a clean driving record.

We just helped a driver in Fort Collins, Colorado cover their Honda HR-V with this quote from Safeco.

A Englewood, Colorado driver just saved on coverage for their BMW 3-Series with this quote from Bristol West.

National General helped a BMW 3-Series driver in Englewood, Colorado save on car insurance with this quote.

*Quotes generated for Insurify users in and around Colorado Springs, Colorado within the last 10 days. Last updated on June 27, 2024

Car insurance requirements in Colorado

Colorado requires all drivers to carry the following minimum amounts of liability insurance:[2]

Colorado is an at-fault state, which means the at-fault driver’s liability insurance will cover damages after an accident.[3] Colorado Springs drivers looking for some added protection should consider the following optional coverages:

Collision insurance covers your own vehicle’s repairs after a collision, regardless of who’s at fault. This includes collisions with other vehicles, and objects such as a tree, fence, or light pole. It also covers rollover accidents and pothole damage.

Comprehensive insurance pays for repairs to your vehicle after a non-collision event, such as fire, severe weather, or theft.

If you get in an accident with a driver who doesn’t have insurance or doesn’t have enough insurance, uninsured/underinsured motorist coverage will pay for your repairs and medical bills. This also covers hit-and-run accidents.

Cheapest car insurance for drivers with an incident

Drivers who have an incident on their driving record — such as speeding tickets, driving under the influence, or at-fault accidents — pay higher car insurance rates on average. Auto insurance companies will see you as a higher risk for future claims and raise your rates to offset that risk. How much your rates go up will vary based on the severity of the violation.

Shop for Car Insurance in Colorado Springs

Monthly rates start at $65 for drivers with an incident

Cheapest car insurance for drivers with a speeding ticket: State Farm

Colorado drivers can face steep fines if they get a speeding ticket on their driving record — along with higher car insurance rates for three to five years. On average, drivers with speeding tickets pay $348 per month for full coverage and $135 for liability-only insurance in Colorado Springs.

The table below shows the cheapest coverage options in Colorado Springs for drivers with a speeding ticket in their driving history.

7+ years experience in data analysis

Ph.D. in Computational Biology

Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.

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Cheapest car insurance for drivers with an at-fault accident: State Farm

Colorado is an at-fault state, which means the liability insurance of the driver at fault will cover damages in the event of an accident. Drivers with an at-fault accident on their record also pay more for car insurance compared to drivers with a clean driving record. Accidents typically stay on your record for three to five years.

The average cost of liability insurance for Colorado Springs drivers with an at-fault accident is $129 per month. Full coverage averages $333 per month. The following table shows the cheapest car insurance companies in Colorado Springs for drivers with an at-fault accident on their driving record.

7+ years experience in data analysis

Ph.D. in Computational Biology

Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.

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How Long Does an Accident Affect Your Car Insurance Rates?

Cheapest car insurance for drivers with a DUI: State Farm

A DUI is the most severe traffic violation and will usually raise your rates more than other violations. People in Colorado who drive while under the influence can get fined up to $1,500 and lose their license and car registration for anywhere from nine months to five years. You can lower your rates again by practicing safe driving for several years, then qualifying for discounts.

Colorado Springs drivers with DUIs face average monthly car insurance rates of $380 for full coverage and $148 for liability only. The following companies offer the cheapest car insurance policies for Colorado Springs drivers who have a DUI.

7+ years experience in data analysis

Ph.D. in Computational Biology

Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.

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Cheapest car insurance for seniors: State Farm

Young drivers pay the most for car insurance on average, though car insurance rates usually increase again around age 70. Senior drivers in Colorado Springs may have to look a bit harder for an affordable rate.

The overall average cost of car insurance for seniors in Colorado Springs is $109 per month. The following table outlines the cheapest car insurance options for senior drivers in Colorado Springs.

7+ years experience in data analysis

Ph.D. in Computational Biology

Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.

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Cheapest car insurance for teens: State Farm

Drivers younger than 20 have a fatal crash rate that’s three times as high as the fatal crash rate of drivers 20 and older, according to CDC data.[4] Car insurance companies understand that teen drivers are riskier to insure, so they charge them higher rates for car insurance.

Teens can save on car insurance by staying on their parents’ insurance policy, purchasing a safe vehicle, or earning a good student discount. To legally purchase a car insurance policy of their own, minor teens must have written consent from a parent or guardian.

In Colorado Springs, car insurance for teen drivers averages $165 per month for liability-only coverage and $425 for full coverage. Teen drivers in Colorado Springs looking for an affordable car insurance company should consider the companies below.

7+ years experience in data analysis

Ph.D. in Computational Biology

Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.

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Find Car Insurance in Colorado Springs

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Colorado Springs car insurance quotes by credit tier

Colorado allows car insurance companies to factor in a driver’s credit-based insurance score when determining rates, but it can’t be the only factor used during the underwriting process. Drivers with excellent or good credit scores pay lower rates on average compared to drivers with poor credit scores.

The chart below shows how credit affects quotes in Colorado Springs.

Is car insurance more expensive in Colorado Springs?

Colorado Springs drivers pay an overall average of $163 per month for car insurance, which is similar to the national average price for car insurance of $160 per month.

Car insurance rates vary by city in Colorado based on several factors, such as crime rates, repair costs, and even weather patterns. More expensive ZIP codes also tend to have higher rates.[5]

More cities in Colorado

The following table shows how Colorado Springs compares to other cities in the Centennial State when it comes to average car insurance quotes.

Colorado Springs car insurance FAQs

If you’re shopping for car insurance in Colorado Springs, this additional information may help as you compare coverage options. You can also check out Insurify’s guide on how much car insurance you need.

How much is car insurance in Colorado Springs?

Car insurance in Colorado Springs costs $234 per month for full-coverage insurance and $91 per month for liability-only coverage, according to Insurify data.

What are the best car insurance companies in Colorado Springs?

The best car insurance company in Colorado Springs is State Farm, with an A++ (Superior) financial strength rating from AM Best, affordable rates, and a high Insurify Quality (IQ) Score of 9.3 out of 5. Other top insurers include GEICO, USAA, and American Family.

What are the cheapest car insurance companies in Colorado Springs?

State Farm is the cheapest car insurance company in Colorado spring, with rates that start at $53 per month for liability-only coverage. USAA and American Family also offer affordable car insurance in Colorado Springs, with liability rates that start at $67 and $71, respectively.

How much car insurance do you need in Colorado?

Colorado drivers are required to carry $25,000 per person and $50,000 per accident in bodily injury liability coverage, as well as $15,000 per accident in property damage liability coverage. If you’re caught driving without proof of insurance, you could face a fine, suspension of your driver’s license and registration, and mandatory community service.

Do you need a car to get around Colorado Springs?

It’s easiest to get around Colorado Springs in a car. But if you don’t have a car, the Mountain Metro Transit has more than 40 different bus routes around the city.

Methodology

Insurify data scientists analyzed more than 90 million quotes served to car insurance applicants in Insurify’s proprietary database to calculate the premium averages displayed on this page. These premiums are real quotes that come directly from Insurify’s 50+ partner insurance companies in all 50 states and Washington, D.C. Quote averages represent the median price for a quote across the given coverage level, driver subset, and geographic area.

Unless otherwise specified, quoted rates reflect the average cost for drivers between 20 and 70 years old with a clean driving record and average or better credit (a credit score of 600 or higher).

Liability-only premium averages correspond to policies with the following coverage limits:

Quotes for Allstate, Farmers, GEICO, State Farm, and USAA are estimates based on Quadrant Information Services’ database of auto insurance rates.

Sources

A.M. is a Brooklyn-based writer, editor, and content marketing strategist who's worked with major brands in insurance, tech, finance, and healthcare. He also contributes to The Average Joe, a personal finance newsletter that reaches over 250,000 daily readers. Since 2019, he's written for Insurify, breaking down a diverse range of insurance topics into crisp, readable prose.

7+ years in content creation and management

5+ years in insurance and personal finance content

Ashley is a seasoned personal finance editor who’s produced a variety of digital content, including insurance, credit cards, mortgages, and consumer lending products.

Read Editorial Guidelines

Featured in

Corporate communications director for Insurance Information Institute

20+ years in insurance and communications

As Director, Corporate Communications for Triple-I, Mark serves as the non-profit’s national spokesperson, sharing information and education on a wide array of insurance issues.

Read Editorial Guidelines

7+ years experience in data analysis

Ph.D. in Computational Biology

Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.

Read Editorial Guidelines

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