Colorado Springs, CO Car Insurance
How much does car insurance cost in Colorado Springs?
On average, car insurance in Colorado Springs costs about $1,196 for a six-month policy, or roughly $199 per month. Our findings reveal that in 2023, USAA is the most affordable car insurance company in Colorado Springs with rates starting at $793, or approximately $132 per month.
Colorado Springs residents pay more for car insurance than the average for Colorado (at $1,083 every six months) as well as the national average of $742. Colorado Springs isn't the most expensive city in Colorado for car insurance, but some of our clients in the city are still concerned about their auto insurance rates. If you feel the same way or want to learn more about coverage and options, keep reading to find out more about fair rates in Colorado Springs and the elements that determine insurance costs.
| Car Insurance in Colorado Springs vs. Colorado | Avg. 6 Mo. Premium |
|---|---|
| Colorado Average | $1,083 |
| Colorado Springs Average | $1,196 |
The cheapest car insurance companies in Colorado Springs
USAA is the cheapest option in Colorado Springs at $132 per month or $793 for a six-month policy.
In second place is State Farm, which costs $142 per month ($849 for a six-month policy).
Rounding out the list is Nationwide as the third-cheapest insurance company. On average, a Nationwide policy in Colorado Springs costs $924 per six-month policy or $154 per month).
The Zebra's key takeaways about car insurance in Colorado Springs:
- The average cost of a car insurance policy in Colorado Springs is $1,196 per six-month policy — $199 per month.
- The cheapest company in Colorado Springs is USAA ($793).
- Colorado Springs ranks as the 36th most expensive city for car insurance in Colorado.
- 39% of Zebra customers in Colorado Springs stated they used our product because they were paying too much for car insurance.
Are you paying too much for auto insurance?
Colorado Springs car insurance rates by company
According to our 2023 research, the most budget-friendly auto insurance provider for full coverage in Colorado Springs, CO, is USAA, with a cost of $132 per month or $793 per six-month policy. On our list, State Farm comes in second place, with a monthly charge of $142 or a six-month premium of $849.
Find out more about the top-rated car insurance companies based on The Zebra's Customer Satisfaction Survey.
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Cheapest car insurance companies in Colorado Springs, CO
| Company | Avg. 6 Mo. Premium |
|---|---|
| USAA | $793 |
| State Farm | $849 |
| Nationwide | $924 |
| Colorado Farm Bureau Mutual | $994 |
| GEICO | $1,175 |
| Progressive | $1,563 |
| Allstate | $1,596 |
Dynamic auto insurance data methodology
Methodology: The auto insurance rates displayed above and throughout this page are dynamic, meaning the data will refresh when the most recent information is made available. Rates are based on a sample driver profile — a 30-year-old single male driver with a Honda Accord and full coverage. This profile was adjusted based on common pricing factors used by major car insurance companies, like age, coverage level, driving record and others.
Shop around for the best rates
The easiest way to obtain the top car insurance rates is to compare. Because not all insurance providers are the same, let The Zebra handle the task for you. Input your ZIP code to see rates from the best insurers in Colorado Springs, including State Farm, GEICO, Nationwide, and more.
Average car insurance in Colorado Springs by rating factor
When determining your personalized car insurance rates, rating factors are the key components that insurance companies consider. These factors help assess your risk and establish what you will pay for your insurance premium. Although most companies use the same rating factors, they may prioritize them differently. For example, one company may focus more on claims history while another might emphasize credit score or ZIP code. Discover how these rating factors impact your rates in Colorado Springs.
Remember that as your life changes, your rating factors will change as well. It's a wise idea to get new quotes from time to time to ensure you're getting the best rates and coverage as your personal situation evolves. The company that was the perfect fit for you in your 20s, for example, may not be the right choice for you in your 40s. Read on to discover how your rating factors impact your rates and coverage in Colorado Springs.
Q: I didn't have an accident — Why is my insurance going up?
A:Â End-of-year earnings (revenue of premiums versus the cost of paying insureds' claims) is a vital rating factor for determining how much you will pay for car insurance in most cities, including Colorado Springs. Even if you have an outstanding driving record with no claims, if the cost of doing business in your area has increased, this may not matter. Some companies pay more to operate in certain locations, and this cost is passed on to their customers in the form of higher rates.
Auto insurance premiums by age in Colorado Springs
More years of experience behind the wheel can result in lower car insurance rates, which may be a silver lining to getting older. Age is a significant factor in car insurance expenses, and teen drivers generally pay much higher premiums than older drivers due to data indicating they are more likely to be involved in accidents. In Colorado Springs, for example, residents see a staggering $5,254 yearly difference in rates when comparing premiums for teens to those for people in their 20s.
This may appear harsh, but insurers have to consider these risks when calculating prices because it's strictly business, not personal. To mitigate some of the excess costs for teens, one option is to be added to their parent or guardian's policy rather than starting with their own policy in Colorado Springs.
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Cheapest car insurance companies for teen drivers in Colorado Springs, CO
| Company | Avg. 6 Mo. Premium |
|---|---|
| Colorado Farm Bureau Mutual | $1,705 |
| USAA | $2,259 |
| Nationwide | $2,846 |
| State Farm | $2,975 |
| GEICO | $3,425 |
| Allstate | $3,718 |
| Progressive | $7,245 |
Zebra Tip: The cheapest companies for Colorado Springs drivers between 20-40 are USAA, State Farm and Nationwide
According to our research, drivers between the ages of 20 and 40 make up the largest group of motorists on the road in Colorado Springs. On average, this group pays $1,342 every six months for their car insurance, but choosing one of these insurance companies may potentially help them save 28%.
Auto insurance premiums for minimum coverage in Colorado Springs
According to our research, over a quarter of drivers in Colorado Springs are carrying only state-minimum levels of car insurance coverage. While this may be the cheapest option, it's worth considering whether it provides adequate protection in the event of an accident. Choosing collision or comprehensive coverage (also known as "full coverage") can provide added peace of mind and protection.
If you're looking to lower your car insurance costs in Colorado Springs, consider increasing your deductible level. While it may mean paying more in the event of an accident, it can also help you save money on monthly premiums.
If you're looking for added protection on the road in Colorado Springs, consider adding optional extras like roadside assistance and uninsured motorist coverage. While they may increase your rates somewhat, they can offer valuable peace of mind in the event of an accident.
Q: Can I lower my car insurance coverage?
A: Possibly — if your vehicle is paid off.
If you are financing or leasing a car, you may have to carry a certain amount of coverage on the vehicle. However, if you own your car in full and want to save money, you could consider eliminating comprehensive or collision coverage. We highly recommend obtaining a reliable estimate of your car's worth from sources like Kelley Blue Book, and typically, collision coverage isn't needed for cars valued at less than $4,000. By opting to remove the collision coverage from your policy, you'll need to pay for any repairs resulting from an accident out of pocket.
Cheapest car insurance companies for minimum coverage in Colorado Springs, CO
| Company | Avg. 6 Mo. Premium |
|---|---|
| USAA | $223 |
| GEICO | $273 |
| Colorado Farm Bureau Mutual | $274 |
| State Farm | $301 |
| Nationwide | $362 |
| Progressive | $405 |
| Allstate | $449 |
- Minimum: State liability coverage only
- Basic: State liability + collision and comprehensive (full) coverage
- Better: Better liability limits at 50/100/50. Full coverage included with towing and rental car benefits. May include additional personal medical benefits and uninsured/underinsured motorist coverage.
- Best: Best liability limits at 100/300/50. Full coverage included with better towing and rental car benefits and better personal medical benefits and increased uninsured/underinsured coverage.
36% of our customers in Colorado Springs opt for the minimum level of coverage, but this may not be the best option for everyone. While we understand state minimum coverage is the most affordable option in the short term, it does leave you at risk for damages that exceed your liability limits in the long term. Colorado's 25/50/15 liability limits provide coverage for damage you cause up to $25,000 per person in bodily injury, $50,000 per accident in bodily injury and $15,000 for property damage. While this may be sufficient for straightforward car accidents, it might not be for bodily injury claims or multi-vehicle accidents.
Learn more about insurance laws in Colorado.
Colorado Springs car insurance rates by credit score
Credit score is an important factor that auto insurance companies use to determine your insurance premium, just like age, no matter where you live. However, credit score may not be used as frequently in some states compared to others, but it can still affect your insurance rates.
If you want to save money on car insurance, one great way to start is by improving your credit score. Colorado Springs drivers with poor credit (300-579) pay 99% more than drivers with excellent credit (800-850). The majority of drivers in Colorado Springs have an "Average" credit score. The cheapest options for drivers in this category in 2023 are USAA or State Farm.
Cheapest car insurance companies for bad credit in Colorado Springs, CO
| Company | Avg. 6 Mo. Premium |
|---|---|
| Nationwide | $1,323 |
| USAA | $1,498 |
| GEICO | $1,518 |
| State Farm | $1,670 |
| Colorado Farm Bureau Mutual | $1,967 |
| Allstate | $2,345 |
| Progressive | $2,736 |
Zebra Tip: If you recently improved your credit score, shop around for car insurance!
When it comes to car insurance, credit scores can play a significant role in determining rates. Colorado Springs drivers with "Fair" credit pay $1,126 less per year than those with "Poor" credit. If you've made even minor improvements to your credit score, it's worth checking with your preferred credit monitoring service to see if you can qualify for lower auto insurance rates.
Auto insurance rates with an at-fault accident
No one wants to think about being in a car accident, but it's important to be prepared with insurance coverage and knowledge. At-fault accidents and collisions are the most common reasons for insurance claims, and having either on your driving record can significantly increase your insurance rate. Our 2023 research found that at-fault accidents in Colorado Springs raised insurance rates by anywhere from $44 to $94 per month. If you're seeking low-cost auto insurance after an accident, State Farm is a great option to consider.
One of the most effective methods to avoid an increase in rates is to prevent collisions. We understand that this is not always possible, but driving safely is a crucial component that you can control for a significant amount of time. Do your best to avoid violations and tickets — things like speeding, reckless driving, and DUI or DWI will lead to rate increases that can last for three to five years. Sometimes, a DUI may have an impact on your rates for even more extended periods.
Cheapest car insurance companies after an at-fault accident in Colorado Springs, CO
| Company | Avg. 6 Mo. Premium |
|---|---|
| USAA | $1,117 |
| State Farm | $1,119 |
| Colorado Farm Bureau Mutual | $1,204 |
| Nationwide | $1,410 |
| GEICO | $2,046 |
| Allstate | $2,201 |
| Progressive | $2,273 |
Colorado Springs car insurance rates by violation
Below, see how different violations and claims will raise your rates in Colorado.
Car insurance rate increases after violations and citations in Colorado Springs, CO
| Accident/Violation | Avg. 6 Mo. Premium | % Rate Increase | $ Rate Increase |
|---|---|---|---|
| None | $1,197 | 0% | $0 |
| One Med/PIP claim | $1,202 | 0% | $5 |
| Two Med/PIP claims | $1,227 | 3% | $31 |
| Not-at-fault accident | $1,228 | 3% | $31 |
| One comp claim | $1,230 | 3% | $33 |
| Two comp claims | $1,272 | 6% | $75 |
| Failure to wear a seat belt | $1,308 | 9% | $111 |
| Failure to show documents | $1,328 | 11% | $131 |
| Child safety restraint | $1,329 | 11% | $132 |
| Driving without lights | $1,333 | 11% | $136 |
| Driving with expired registration | $1,378 | 15% | $182 |
| Texting while driving | $1,402 | 17% | $206 |
| Cell phone violation | $1,417 | 18% | $220 |
| Failure to stop at a red light | $1,433 | 20% | $237 |
| Illegal turn | $1,433 | 20% | $237 |
| Failure to yield | $1,433 | 20% | $237 |
| Following too closely | $1,434 | 20% | $237 |
| Driving too slowly | $1,436 | 20% | $239 |
| Improper passing | $1,444 | 21% | $247 |
| Speeding 6 - 10 MPH over limit | $1,447 | 21% | $251 |
| Speeding 11 - 15 MPH over limit | $1,451 | 21% | $254 |
| Speeding 16 - 20 MPH over limit | $1,451 | 21% | $254 |
| Wrong way/wrong lane | $1,456 | 22% | $259 |
| At-fault accident - less than $1000 | $1,458 | 22% | $262 |
| Speeding in school zone | $1,464 | 22% | $267 |
| Passing school bus | $1,485 | 24% | $288 |
| In 65 MPH zone | $1,547 | 29% | $351 |
| Operating a vehicle without permission | $1,550 | 30% | $353 |
| Speeding 21 - 25 MPH over limit | $1,577 | 32% | $380 |
| Open container | $1,641 | 37% | $445 |
| At-fault accident - $1000-$2000 | $1,761 | 47% | $564 |
| At-fault accident - greater than $2000 | $1,761 | 47% | $564 |
| Driving with a suspended license | $1,861 | 56% | $664 |
| Reckless driving | $2,014 | 68% | $817 |
| Refusal to submit to a chemical test | $2,035 | 70% | $838 |
| Racing | $2,074 | 73% | $877 |
| DUI | $2,086 | 74% | $889 |
| Leaving scene of an accident/hit and run | $2,163 | 81% | $966 |
Why is car insurance in Colorado Springs so expensive?
Although Colorado Springs doesn't have the highest insurance rates in the state, it can still be a significant expense. Insurance in Colorado Springs, as well as other cities, can be costly for several reasons. One of them is the high cost of living in a popular city — just like Colorado Springs residents pay more to live in this thriving metropolis, insurance companies also have to cover their overhead costs. This means an increase in insurance premiums. Auto insurance can also be expensive due to factors other than your credit score and driving record.
Let's take a closer look at some of the reasons why insurance rates can be high, even for drivers with a good record.
Where you live will affect your insurance rates, and it's more than just the city and state. Colorado Springs has various ZIP codes, and some are more prone to crime and theft than others. Some areas have a higher concentration of uninsured drivers as well. Drivers who live in high-crime neighborhoods generally pay more than those who live in safer ones. Here are the most and least expensive ZIP codes for car insurance rates in Colorado Springs.
Expensive Colorado Springs ZIP codes:Â 80938, 80916, 80910, 80915, 80909
Cheap Colorado Springs ZIP codes:Â 80919, 80912, 80904, 80920, 80921
The damage caused by tornadoes, hail and other similar weather-related damage can and has bankrupted insurance companies. Colorado experiences its fair share of extreme weather, and it isn't just snow storms. Over 2.2 million acres were burned by wildfires in 2021, and Colorado residents can count on fire damage somewhere in the state each year.[1] Because of weather risk, it’s expensive for auto insurance companies in Colorado Springs to do business. As such, they will raise their rates to anticipate further weather-related losses in certain areas.
Colorado Springs, a city with a population of approximately 483,956 in 2021, has roads that can be incredibly busy.[2] The more cars there are on the roads, the higher the chance of accidents. Insurance companies take on the risk of insuring drivers, which leads to higher premiums for all. Sometimes, the increased costs have nothing to do with individual driving habits. In Colorado Springs, about 30% of drivers are uninsured, which could mean that you may have to bear the cost of damages if an uninsured driver hits you.
Zebra Tip: Use your comprehensive coverage and uninsured motorist coverage
If you carry only the state minimum, damages caused by weather-related events will not be covered under your insurance policy, and you will have to pay for the repairs yourself. Damage to your vehicle caused by flooding can be a real concern hail, wildfire, or other weather-related events, you should think about getting comprehensive coverage. Comprehensive coverage is the type of insurance that covers damages caused by weather-related events.
Another big concern in Colorado Springs is the rate of uninsured drivers. Consider adding uninsured motorist coverage (UMPD) to your insurance policy. UMPD can come in handy if you get into an accident with a driver who doesn't have enough insurance to cover the damages. UMPD is generally cheaper than collision coverage and might also have a lower deductible. Additionally, the rate increases after making a UMPD claim are typically not as significant as those for a collision claim.
Bundling insurance policies in Colorado Springs
Despite the rising cost of car insurance throughout the nation, there are still ways to save in Colorado Springs. Bundling is one of the simplest ways to receive a discount. Most of us have a homeowners or renters policy as well as our car insurance policy. If they're with different insurance companies, consider combining them. When you shop around for new rates, inquire about bundling discounts — you could save up to 10% by combining your policies with one insurer. Inquiring about bundling with your current insurance company or comparing rates from others won't take long and could reveal potential savings.
Find out more about bundling home and car insurance.
Cheapest car insurance companies for bundling home and auto insurance in Colorado Springs, CO
| Company | Avg. 6 Mo. Premium |
|---|---|
| State Farm | $703 |
| USAA | $757 |
| Nationwide | $817 |
| Colorado Farm Bureau Mutual | $828 |
| GEICO | $1,117 |
| Allstate | $1,386 |
| Progressive | $1,459 |
While there will always be factors beyond your control that affect your insurance rates in Colorado Springs, you can strive to keep your profile looking good while shopping for insurance. Also, keep in mind that you have options when it comes to your insurance company! Even if you've been with the same company since you purchased your first car, it's worth exploring other auto insurance quotes to find the most affordable rate that also provides the coverage you need. Switching companies may be daunting, but some tend to be more expensive than others, and you always have the option to switch.
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Frequently asked questions
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About The Zebra
The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.
- The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
- The Zebra’s insurance content is not subject to review or alteration by insurance companies or partners.
- The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
- The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.