Best Cheap Auto Insurance in Colorado Springs, Colorado (2023)
While Colorado Springs’ average car insurance rate is higher than the national average, the cheapest car insurance in the city is less than $100 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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Colorado Springs drivers pay an average of $244 per month for car insurance, which is higher than the Colorado state average of $223. 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.
State Farm, USAA, and American Family are among the cheapest insurers in Colorado Springs, each with rates well below the city average. Learn more about which companies offer cheap insurance in Colorado Springs and how to find the lowest rate for your unique driving profile.
Quick Facts
Colorado drivers must carry a minimum of $50,000 in bodily injury liability insurance per accident as well as $10,000 in property damage liability insurance per accident.
On average, Colorado Springs drivers with full coverage pay $138 more than drivers with liability-only insurance.
Colorado allows car insurance companies to factor in your credit score when determining rates.
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Best 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.
Best insurer for liability-only coverage: State Farm
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-five scale. The Insurify editorial team researches insurer data to determine the final scores.
4.4
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
842
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$52/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$102/mo
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 just $86 per month, the lowest 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.
Pros
Lowest average rates in the city
Highest financial strength rating from A.M. Best
Cons
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
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-five scale. The Insurify editorial team researches insurer data to determine the final scores.
4.3
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
835
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$80/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$155/mo
A DUI can cost you up to $13,500 in fines, legal fees, and increased insurance costs. 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.
Pros
Highest financial strength rating from A.M. Best
Rates are well below the city average
Cons
Below-average customer satisfaction score from J.D. Power in the Southwest region
Full-coverage rates are much higher than competitors
Good communication
John - February 4, 2023
Verified
They offer the best rate.
Shannon - February 1, 2023
Verified
Any time I called them, they were on top of it and gave me an answer right away.
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-five scale. The Insurify editorial team researches insurer data to determine the final scores.
4.3
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
880
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$67/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$131/mo
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 active military members, veterans, and their families.
USAA consistently earns some of the highest customer satisfaction scores from J.D. Power and other independent insurance evaluators.
Pros
High customer satisfaction scores from J.D. Power in the Southwest region
Discounts for teens and safe drivers
Cons
Availability limited to military members and their families
Above-average NAIC complaint frequency for a company of its size
Overall poor service, took a safe driving discount away because I wasn’t driving enough.
Cheapest liability-only car insurance in Colorado Springs
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.
The below rates are estimated rates current as of: Monday, September 18 at 12:00 PM PDT.
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.
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.
Cheapest full-coverage car insurance in Colorado Springs
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. Below are the cheapest full-coverage car insurance options in Colorado Springs.
The below rates are estimated rates current as of: Monday, September 18 at 12:00 PM PDT.
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.
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.
Car insurance requirements in Colorado
Colorado requires all drivers to carry the following minimum amounts of liability insurance:[1]
Coverage
Minimum Requirements
Bodily injury liability
$25,000 per person and $50,000 per accident
Property damage liability
$15,000 per accident
Colorado is an at-fault state, which means the at-fault driver’s liability insurance will cover damages after an accident.[2] Colorado Springs drivers looking for some added protection should consider the following optional coverages:
Collision coverage
This form of insurance covers your own vehicle’s repairs after a collision, regardless of who’s at fault.
Comprehensive coverage
Comprehensive coverage pays for repairs to your vehicle after a non-collision event, such as fire, severe weather, or theft.
Uninsured/underinsured motorist coverage
If you get in an accident with a driver who doesn’t have insurance or doesn’t have enough insurance, uninsured motorist coverage will pay for your repairs and medical bills.
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.
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Cheapest car insurance for drivers with a speeding ticket
Colorado drivers can face steep fines if they get a speeding ticket on their driving record — along with higher car insurance rates. The table below shows the cheapest coverage options in Colorado Springs for drivers with a speeding ticket in their driving history.
The below rates are estimated rates current as of: Monday, September 18 at 12:00 PM PDT.
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.
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.
Cheapest car insurance for drivers with an at-fault accident
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 following table shows the cheapest car insurance companies in Colorado Springs for drivers with an at-fault accident on their driving record.
The below rates are estimated rates current as of: Monday, September 18 at 12:00 PM PDT.
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.
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.
A DUI is the most severe traffic violation and will usually raise your rates more than other violations. Colorado drivers who drive while under the influence can get fined up to $1,500 and lose their license 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.
The following companies offer the cheapest car insurance policies for Colorado Springs drivers who have a DUI.
The below rates are estimated rates current as of: Monday, September 18 at 12:00 PM PDT.
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.
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.
Cheapest car insurance for seniors
Young drivers pay the most for car insurance on average, though car insurance rates usually increase again around age 75. Senior drivers in Colorado Springs may have to look a bit harder for an affordable rate. Fortunately, the following table outlines the cheapest car insurance options for senior drivers in Colorado Springs.
The below rates are estimated rates current as of: Monday, September 18 at 12:00 PM PDT.
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.
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.
Cheapest car insurance for teens
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.[3] 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. Teen drivers in Colorado Springs looking for an affordable car insurance company should consider the companies below.
The below rates are estimated rates current as of: Monday, September 18 at 12:00 PM PDT.
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.
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.
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:[4]
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 a higher deductible pay lower monthly car insurance rates.
Look for discounts. When you sign up for a policy, it’s a good idea to check your company’s website 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.
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Colorado Springs car insurance quotes by credit tier
Colorado allows car insurance companies to factor in a driver’s credit score when determining rates, but it can’t be the only factor used during the underwriting process.[5] 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.
Rates by Credit Tier
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
Is car insurance more expensive in Colorado Springs?
Colorado Springs drivers pay an average of $244 per month for car insurance, which is higher than the national average price for car insurance of $212 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.[6]
Monthly full-coverage insurance rates in Colorado Springs are lower than in similarly-sized cities, like Austin ($282) and Louisville ($396), but higher than in Raleigh ($143) and Nashville ($237).
More cities in Colorado
The following table shows how Colorado Springs compares to other cities in the Centennial State when it comes to average full-coverage car insurance quotes.
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
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 $313 per month for full-coverage insurance and $175 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 A.M. Best, affordable rates, and a high Insurify Quality (IQ) Score. Other top insurers include GEICO, USAA, and American Family.
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 mandatory community service.[7]
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:
Bodily injury limits between state-minimum rates and $50,000 per person, $100,000 per accident
Property damage limits between $10,000 and $50,000
No additional coverage
Full-coverage premium averages correspond to the same bodily injury and property damage limits in addition to:
Comprehensive coverage with a $1,000 deductible
Collision coverage with a $1,000 deductible
Quotes for Allstate, Farmers, GEICO, State Farm, and USAA are estimates based on Quadrant Information Services’ database of auto insurance rates.
Mark Steinbach is a writer based in Brooklyn, NY. In addition to his years of work as a copywriter, he is also a TV writer with a degree in English from Harvard University. When he isn't writing, he can be found playing tennis or doing crossword puzzles.
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.
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.
State Farm
GEICO
USAA
