Lakewood, CO Car Insurance

How much is auto insurance in Lakewood?


Auto insurance costs an average of $2,008 per year in Lakewood. That's more than the average in Colorado ($1,757) and more costly than the national average of $1,548. Our guide to Lakewood car insurance includes average rates based on age, credit score, driving history, and marital status. Keep reading to learn more!


AUTO INSURANCE: LAKEWOOD RATES VS. STATE + NATIONAL AVERAGES
Lakewood Average (annual)Colorado AverageNational Average
$2,008$1,757$1,548

Jump to:

Get personalized quotes:

Location pin icon
No spam. We take your privacy seriously.


Lakewood car insurance rates by company


One of the most important determinants of your car insurance rates is the insurance company you work with. In Lakewood, USAA provides the most affordable rates for the typical insurance customer. We've listed the best cheap car insurance companies in Lakewood below. Use this information as a starting point and be sure to compare quotes specific to your unique driving profile.


LAKEWOOD CAR INSURANCE RATES BY COMPANY
CompanyAverage Yearly Rate
USAA$1,063
GEICO$1,160
State Farm$1,359
Allstate$2,123
Farmers$2,468

Check out our guide to learn how to find the best cheap car insurance.



Car insurance rates by age bracket in Lakewood

The best age for car insurance rates as a driver in Lakewood is your age_50s: drivers in this age group pay an average of $1,767per year. Drivers in their age_60s pay marginally higher rates — $1,779 per year.

Teenage drivers pay Lakewood's most expensive insurance rates. One of the most effective ways to lower your car insurance rates as a driver in Lakewood is to age out of your teens. The difference in rates paid by teenage drivers and drivers in their 20s in Lakewood is $4,418, the largest such difference between any two age groups.


CAR INSURANCE RATES BY AGE TIER IN LAKEWOOD
AgeAverage Yearly Rate
Teenagers$6,934
20s$2,516
30s$1,955
40s$1,886
50s$1,767
60s$1,779
70s$2,080

Learn more about how age influences auto insurance rates.



Lakewood auto insurance costs by marital status and gender


Marital status and gender are contributing factors to car insurance rates in many cases. In Lakewood, married drivers pay $143 less than single drivers for car insurance. Married drivers enjoy less expensive rates than their single counterparts in most locations, based on data showing they file fewer insurance claims. Rates for those who are widowed are also much cheaper than rates for those who are single. In Lakewood, insurance rates for those who are widowed are less expensive than rates for those who are single.

Gender is another factor that can impact auto insurance costs.


INSURANCE RATES IN LAKEWOOD BY MARITAL STATUS AND GENDER
Marital Status/GenderAverage Yearly Rate
Female$2,008
Male$2,008
Single$1,865
Married$1,865
Divorced$2,008
Widowed$1,916

Learn more about how gender and marital status have on car insurance rates.



Lakewood car insurance premiums by accident and violation history


Maintaining a clean driving record is an effective way to minimize your auto insurance costs. At-fault collisions, DWIs, citations for reckless driving, and speeding tickets each contribute to increases in car insurance rates. Insurance companies reward low-risk drivers with the gift of low rates.

Two of the most expensive driving violations from an insurance perspective are reckless driving and DUI. In Lakewood, a reckless driving citation results in an average insurance rate increase of $682 per year, compared to the citywide average. For comparison's sake, a DUI offense results in a $632 increase and a speeding ticket triggers a $334 rate hike.


LAKEWOOD CAR INSURANCE RATES AFTER A COLLISION OR CITATION
Violation/IncidentAverage Yearly Rate
DWI/DUI$2,639
Reckless Driving$2,689
At-fault Accident (damages less than $1,000)$2,486
At-fault Accident (damages greater than $2,000)$2,787
Speeding Ticket (16-20 mph over speed limit)$2,341

Learn more about the impact of driving violations on car insurance rates.



Lakewood auto insurance rates by credit tier


In many cases, a driver's credit level is closely correlated with their auto insurance rates. In fact, Lakewood drivers who improve their credit score from the "Very Poor" tier (300-579) to the "Exceptional" tier (800-850) earn, on average, a 57% decrease in their auto insurance costs. Moving from "Very Poor" to "Fair" credit is a meaningful step toward saving money on auto insurance. In Lakewood, improving your credit to "Fair" could help you earn a $1,401 decrease in yearly insurance premiums.


LAKEWOOD AUTO INSURANCE RATES BY CREDIT LEVEL
Credit ScoreAverage Annual Rate
Very Poor$3,834
Fair$2,433
Good$2,008
Very Good$1,828
Exceptional$1,653

Curious about how your credit score might impact your auto insurance rates? Click here to learn more.



Kristine Lee LinkedIn

Kristine is a licensed insurance agent and one of The Zebra’s in-house content strategists. With a background in copywriting, she covers the ins and outs of the home and car insurance industries. She has contributed to numerous publications focused on the nuances of insurance, including BestCompany.com.