Colorado Auto Insurance Quotes Comparison - In Colorado Springs, the average annual auto premium for a minimum coverage policy is $957, but some insurance companies charge less than half that.
State Farm offered the lowest rates overall, from just $457 a year for minimum coverage and $1,100 for full coverage.
Colorado Auto Insurance Quotes Comparison
Estimates can vary by thousands of dollars depending on your accident history, credit score, age and where you live. With this in mind, we recommend checking with multiple insurance companies to find the best coverage and price for your background.
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State Farm is the cheapest insurance company widely available, with an average annual premium of $429.
Progressive is more than double the price, but is the second-lowest option with an annual premium of $877, still cheaper than the average minimum policy in Colorado Springs.
Active duty or ex-military looking for insurance at lower rates and less expensive than Progressive should consider USAA, which not only offers lower annual premiums, but is also a great option for new drivers and new car owners. .
The cheapest car insurance quotes are taken from policies that meet the minimum requirements set by the state.
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State Farm is the cheapest full coverage policy. On average, full coverage State Farm insurance costs $1,100 a year, $671 more than the minimum premium rate.
Although quite expensive, Nationwide is the second cheapest option for most drivers. However, former and current military personnel should also consider USAA as a potential option. Second cheapest after the State Farm.
What is full coverage? Comprehensive coverage is any auto insurance that meets the state's minimum coverage requirements and includes collision and comprehensive coverage.
State Farm is by far the cheapest for teenagers to buy their own policy with an average annual premium of $3,859.
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The second cheapest major insurance company is American Family, which charges an average of about $11,000 a year. Former and active duty military personnel can choose to purchase auto insurance from USAA at the same cost as State Farm.
Young drivers may be paying a lot for car insurance, even when comparing rates. However, there are ways to reduce costs.
If your parents are willing to continue with your policy, contact your insurance company to find out how much additional complex or multiple car insurance would cost.
Combined insurance is more expensive than single vehicle insurance, but combining policies is cheaper than simply taking out two separate policies.
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You may qualify for discounts because you are a good student, have good credit, or take a defensive driving course. Individual insurance companies have different types of discounts. So always check your eligibility when you talk to your insurance agent.
State Farm and American Family have the lowest annual rate increases for drivers with an accident history. State Farm increased its estimates by an average of $184, while American Family increased estimates by an average of just $32. However, it is important to note that many insurance companies are increasing their rates even further.
Even one accident can have a big impact on your car insurance quote. For example, drivers with Geico insurance can see an average increase of $1,865 per accident. Drivers enrolled in Farmers with the highest average costs for comprehensive coverage could see price increases of $2,500 or more.
Take these price increases into account when you start contacting your insurance agent to get a quote. Prices vary from person to person, so the best way to find out which insurance company will charge you the cheapest is to do some research.
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For some drivers, cost is the biggest factor when choosing an auto insurance company. For others, the benefits of strong customer service may outweigh the monthly premium savings. Regardless of the cost, when you file an accident claim with an insurance company, we want to take the situation seriously and make the claim process easy.
Using data from the National Association of Insurance Commissioners, we found that the companies that provide the best customer service in Colorado Springs (as measured by the rate of customer complaints) are State Farm and Travelers nationwide. Notably, Nationwide and State Farm, two of the cheaper auto insurance options, have the lowest complaint index, indicating strong customer service.
The complaint index was cited by the National Association of Insurance Supervisors. It includes all insurers in the rate analysis sample and two other insurers that have large market shares. Where an insurance group operates with several companies in a country, the complaint index is taken from the company with the largest market share.
A low complaint index indicates that consumers are less likely to file formal complaints, suggesting that they are more likely to be satisfied with the service. The national average complaint index is 1.0.
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Another factor that can affect car insurance rates is where you live. This is because some areas have higher population densities and higher crime rates than others. We found that the difference in annual premiums between specific Colorado Springs zip codes can be over $100 for the same driver.
For example, residents of Gleneagles who require minimum coverage can pay an average of $887 in annual premiums, while residents of Fort Carson, one of the most expensive neighborhoods in the city, have an average insurance coverage fee of $1,012.
Auto insurance requirements are regulated at the state level. Colorado requires the following types of coverage for all drivers in the state:
Additional coverage is optional. You should always assess your individual circumstances when deciding whether it is beneficial to stick to the minimum coverage rather than adding more coverage.
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Accidents that do not meet the conditions outlined in the insurance company's personal injury and property damage coverage can result in significant out-of-pocket costs.
Unless otherwise noted, the sample driver is a 30-year-old male with a below-average credit score and minimum insurance requirements on a 2015 Honda Civic EX in Colorado.
We collected charges from eight insurance companies in Colorado Springs. When we discussed the full coverage policy, we had the following limitations:
The analysis used premium rate data from Quadrant Information Services. These rates are publicly obtained from insurance company filings and should be used for comparative purposes only. Your estimates may vary.
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Compare Colorado Springs Auto Insurance Rates  Colorado Springs auto insurance rate is $119.83 per month. Colorado requires a minimum liability coverage of 25/50/15. Compare offers online and save even more.
Laura Berry has experience as a licensed producer selling life, health and property insurance for both Allstate and State Farm. She has spent hours helping her clients understand the insurance market so they can find the best auto, home and life insurance products for their circumstances. While she is now helping companies take advantage of the federal R&D tax ...
Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor and serial entrepreneur who loves to create new things, whether it's a book or a business. He also previously served as the founder and resident CFP® of Real Time Health Quotes, a national insurance agency. He holds an MBA from the University of South Florida. Joe...
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The city is located at the foot of one of America's most famous mountains, Pikes Peak, and covers approximately 186 square miles surrounded by prairies, mountains, forests and mineral springs.
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The city's economy is heavily dependent on the military, with Army and Air Force installations employing more than 20% of El Paso County's population. Colorado Springs is also home to the headquarters and training center of the United States Olympic Committee.
Colorado Springs residents drive for both business and pleasure. Everyone must meet the minimum requirements for auto insurance.
All vehicles garaged in Colorado Springs must have adequate auto insurance as defined by both the city and the state.
Colorado Springs auto insurance minimums are currently set at 25/50/15. This is an industry designation that means $25,000 personal injury liability insurance per person, $50,000 personal injury liability insurance per accident, and $15,000 property. Liability insurance
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