3 years of content writing
Bylines with leading financial publications
Alani is a freelance writer specializing in personal finance. She aims to make complex topics more approachable through fun, digestible content.
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Licensed auto and home insurance agent
4+ years in content creation and marketing
As Insurify’s home and pet insurance editor, Danny also specializes in auto insurance. His goal is to help consumers navigate the complex world of insurance buying.
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Updated November 20, 2024
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Table of contents
Drivers in Loveland pay $138 per month for car insurance, compared to the state average of $158 and the national average of $154.
Loveland’s affordable car insurance can be partially attributed to its small population. Densely populated cities in Colorado, like Fort Collins and Denver, experience accidents at a higher rate. If you want to save even more on car insurance, take the time to compare car insurance quotes from multiple insurance companies before buying a policy.[1]
State Farm, USAA, and American Family are the cheapest car insurance companies for Loveland drivers.
Loveland drivers pay an average of $85 per month for liability-only insurance and $191 per month for full-coverage insurance.
Colorado is an at-fault state for car insurance, meaning the driver responsible for the incident must pay for the damages.[2]
3 of the cheapest car insurance companies in Loveland
The best insurance company depends on your needs, situation, and budget. However, State Farm, USAA, and American Family offer some of the best affordable car insurance for Loveland drivers. Check out the table below to see how they stack up.
Insurance Company ▲▼ | IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. ▲▼ | Full Coverage ▲▼ | Liability Only ▲▼ | Best For ▲▼ |
---|---|---|---|---|
State Farm | 9.3 | $97 | $46 | Affordability |
USAA | 9.4 | $125 | $59 | Active military, veterans, and their families |
American Family | 9.1 | $134 | $63 | High-risk drivers |
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 10 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.
- Third-party financial ratings: Insurify uses data from AM Best, S&P, Moody’s, and more to compare insurance companies’ credit and ability to pay out future claims.
- Customer satisfaction: To calculate this score, Insurify analyzed more than 28,000 customer reviews across 155 car insurance companies. We also consider third-party ratings from J.D. Power, the National Association of Insurance Commissioners, and Trustpilot.
- Affordability: Our data scientists analyzed more than 90 million real-time auto insurance rates from our partners across the U.S., as well as available discounts, to calculate an affordability score.
- Customer support and transparency: This measures coverage options, ease of claims filing, and the insurer's transparency surrounding discounts, coverages, and claims process.
- Availability and reach: Insurify scores availability and reach by identifying the number of states in which insurers offer coverage and company size by market share.
Best insurer for affordability: State Farm
User Reviews | 4.2 |
---|---|
IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 9.3 /10 |
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. | $40/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. | $86/mo |
Drivers appreciate the helpful local agents and initial service but dislike the high prices and frequent rate increases.
Drivers appreciate the helpful local agents and initial service but dislike the high prices and frequent rate increases.
Ronald
November 19, 2024
State Farm Experience: 35 Years+
David
November 19, 2024
Too expensive
Ronald
November 18, 2024
Very Expensive Auto and Home
You may be interested in State Farm for its affordability and stellar company reputation.[3] State Farm has excellent customer service, receiving some of the highest marks in J.D. Power’s customer and claims satisfaction survey. It also earned superior ratings for financial strength from AM Best.[4]
Nationwide availability
Offers rideshare insurance
Limited discounts
Doesn’t offer gap insurance or accident forgiveness
Best insurer for active military, veterans, and their families: USAA
User Reviews | 4.9 |
---|---|
IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 9.4 /10 |
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. | $112/mo |
Drivers appreciate the ease of working with the carrier, competitive rates, and responsive service but dislike the price increases and lack of rideshare add-ons in some areas.
Drivers appreciate the ease of working with the carrier, competitive rates, and responsive service but dislike the price increases and lack of rideshare add-ons in some areas.
Gloria
November 15, 2024
Not Good for Claims
Martin
November 11, 2024
Price Shopping
Rena Sabine
November 8, 2024
Disappointing and inflexible service
Colorado is home to more than 140,000 active-duty military members, veterans, and their immediate family members.[5] Local families in the armed forces can turn to USAA for its affordable premiums and unique financial services.
SafePilot program gives you savings of up to 30% for safe driving
High marks in J.D. Power’s claim and customer satisfaction studies
Only available to military-affiliated members
Doesn’t offer gap insurance
Best insurer for high-risk drivers: American Family
User Reviews | 4.5 |
---|---|
IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 9.1 /10 |
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. | $55/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. | $120/mo |
Drivers appreciate the responsive customer service and reliability but dislike the high prices and frequent rate increases.
Drivers appreciate the responsive customer service and reliability but dislike the high prices and frequent rate increases.
Stephanie
November 5, 2024
It started out okay. My six-month policy was over and immediately, I received a rate hike of 124 dollars. I question why this is the case as I am an excellent driver. I'm tired of feeling punished for the actions of other irresponsible drivers. Additionally, I was informed that my insurance will continue to increase and they don't foresee any changes soon. It's not something I'm looking forward to. Thanks!
Devona
November 5, 2024
Line by Line to Save Money
Joseph
November 4, 2024
Looking for Better
The state of Colorado reported more than 13,000 cases of impaired driving in 2023.[6] An incident on your driving record, such as driving under the influence (DUI), can cause your insurance premiums to spike. American Family offers SR-22 filings and an array of discounts for high-risk drivers to secure a competitive price.
Rated high for claims satisfaction by J.D. Power
Variety of discounts and coverage options
Available in only 18 states
Mediocre mobile app ratings
How to get the cheapest car insurance in Loveland
Insurers look at various factors to determine car insurance rates, such as age and gender, driving history, vehicle type, and more. The good news is that you have several ways to find the right coverage for the best deal.
Here’s how to snag the most affordable options for car insurance:
Shop around. It’s important to compare prices from multiple companies to find the best rates. The Insurance Information Institute recommends gathering and comparing quotes from at least three insurance companies.[7] You can also use a comparison tool from an independent insurance agency to obtain multiple quotes simultaneously.
Keep a clean driving record. Safe drivers pay significantly lower rates than drivers with incidents on their record. If you have a less-than-perfect driving record, taking a defensive driving course is a good idea. It’ll help improve traffic safety knowledge, keep points off your license, and potentially score you a discount.
Seek discounts. Stacking discounts is a great way to reduce your insurance bill. Visit your insurance company’s website or speak to your insurance agent to see if you qualify for new discounts.
Bundle insurance products. Save on your car insurance policy by purchasing multiple insurance products from one company, like your home insurance or life insurance policy.
Cheapest liability-only car insurance in Loveland: State Farm
If you’re at fault in an accident, your liability-only car insurance will cover the other party’s medical bills and vehicle repairs. However, it won’t pay for yours. For that, you’ll need full coverage.
State Farm offers the cheapest liability-only policies in Loveland, at $40 per month. The table below illustrates companies that offer liability-only policies with budget-friendly prices.
Insurance Company ▲▼ | Average Monthly Quote ▲▼ |
---|---|
State Farm | $40 |
USAA | $52 |
American Family | $55 |
GEICO | $61 |
Allstate | $62 |
Nationwide | $66 |
Root | $66 |
Sun Coast | $66 |
Progressive | $71 |
Auto-Owners | $72 |
The General | $77 |
Bristol West | $82 |
Safeco | $95 |
Dairyland | $99 |
Foremost | $100 |
Travelers | $100 |
Farmers | $106 |
Direct Auto | $110 |
National General | $128 |
Liberty Mutual | $170 |
Cheapest full-coverage car insurance in Loveland: State Farm
While liability-only insurance pays for the other party’s vehicle repairs, full-coverage car insurance also covers your own. Loveland drivers who may benefit from a full-coverage policy include those who drive regularly, owners of classic or new cars, and drivers who can’t afford to pay for damages out of pocket.
Drivers can find the cheapest full-coverage insurance with State Farm, with rates of $86 per month. The table below illustrates other insurance companies with the cheapest full-coverage insurance in Loveland.
Insurance Company ▲▼ | Average Monthly Quote ▲▼ |
---|---|
State Farm | $86 |
USAA | $112 |
Root | $119 |
American Family | $120 |
GEICO | $132 |
Allstate | $134 |
Nationwide | $143 |
Progressive | $152 |
Auto-Owners | $154 |
Sun Coast | $160 |
Safeco | $173 |
The General | $204 |
Bristol West | $207 |
Travelers | $217 |
Farmers | $227 |
Dairyland | $232 |
National General | $254 |
Direct Auto | $255 |
Liberty Mutual | $273 |
Foremost | $304 |
Cheapest recent rates near Loveland, Colorado
Recent Loveland, Colorado car insurance prices for Subaru, Chevrolet, Pontiac , and more.
*Quotes generated for Insurify users in and around Loveland, Colorado within the last 10 days. Last updated on November 20, 2024
*Quotes generated for Insurify users in and around Loveland, Colorado within the last 10 days. Last updated on November 20, 2024
Car insurance requirements in Colorado
Colorado is an at-fault state, meaning the at-fault driver must cover the other party’s property repairs and medical expenses. Colorado drivers must carry the following minimum liability coverage:[8]
Coverage ▲▼ | Minimum Requirements ▲▼ |
---|---|
Bodily injury liability | $25,000 per person / $50,000 per accident |
Property damage liability | $15,000 per accident |
Consider including these additional coverage options in your current policy to increase your protection on the road:
Collision coverage
Collision coverage pays for your vehicle repairs if you’re involved in a car crash. It’s also typically included in full-coverage insurance.
Comprehensive coverage
Comprehensive coverage pays for repairs if your car sustains damages from a non-collision event, such as theft or vandalism. This coverage is also usually included in a full-coverage policy.
Uninsured/underinsured motorist coverage
If another party is at fault in an accident but doesn’t have sufficient insurance to cover your medical expenses, uninsured/underinsured motorist insurance will cover the gaps.
Cheapest car insurance for drivers with an incident
Driving incidents refer to at-fault accidents, speeding tickets, DUIs, and other moving violations. Motorists with an incident on their record typically pay higher premiums because insurance companies view them as more likely to engage in risky behavior and cause accidents.
Insurance Company ▲▼ | Clean Driving Record ▲▼ | With Speeding Ticket ▲▼ | With At-Fault Accident ▲▼ | With DUI ▲▼ |
---|---|---|---|---|
State Farm | $40 | $52 | $53 | $65 |
USAA | $52 | $69 | $69 | $84 |
American Family | $55 | $73 | $73 | $89 |
GEICO | $61 | $81 | $81 | $99 |
Allstate | $62 | $82 | $83 | $101 |
Nationwide | $66 | $88 | $89 | $107 |
Root | $66 | $93 | $94 | $96 |
Sun Coast | $66 | $95 | $92 | $105 |
Progressive | $71 | $93 | $95 | $115 |
Auto-Owners | $72 | $96 | $96 | $117 |
The General | $77 | $104 | $105 | $125 |
Bristol West | $82 | $109 | $109 | $133 |
Safeco | $95 | $127 | $126 | $143 |
Dairyland | $99 | $131 | $131 | $161 |
Foremost | $100 | $142 | $142 | $162 |
Travelers | $100 | $133 | $134 | $162 |
Farmers | $106 | $139 | $141 | $172 |
Direct Auto | $110 | $145 | $150 | $178 |
National General | $128 | $170 | $170 | $208 |
Liberty Mutual | $170 | $241 | $242 | $276 |
Average cost of car insurance by age
Insurance companies assess risk based on your age. Teen drivers usually pay the highest rates due to their limited driving experience and tendency to engage in risky behavior.
Rates typically drop significantly at age 35 because you have more experience on the road. At 70, drivers may see their insurance premiums rise due to an increased risk of age-related conditions impairing driving. Here are the average rates for drivers in Loveland in each age group.
Age ▲▼ | Average Monthly Quote ▲▼ |
---|---|
Teens | $284 |
20s | $352 |
30s | $328 |
40s | $278 |
50s | $208 |
60s | $146 |
70s | $109 |
Loveland car insurance quotes by credit tier
Colorado allows insurance companies to consider your credit history when determining your auto insurance rates. Excellent or good credit typically results in lower insurance rates, while people with poor credit typically pay higher rates.
Rates by Credit Tier
Loveland car insurance FAQs
Finding the right car insurance can be difficult. Below, you’ll find answers to some of the most commonly asked questions about car insurance in Loveland.
How much is car insurance in Loveland?
The average cost of car insurance in Loveland is $138 per month. Loveland drivers pay $85 per month for liability coverage and $191 for full-coverage car insurance, on average. Your exact auto insurance premium will depend on your driving record, age, credit history, and various other factors.
Which company has the cheapest car insurance in Loveland?
State Farm offers the cheapest liability car insurance in Loveland, at $40 per month. USAA is the second-cheapest insurer in the city, with a monthly rate of $52. The third-cheapest insurer, American Family, has a liability-only rate of $55 per month.
Comparing quotes from multiple car insurance companies is the best way to find the cheapest car insurance for your coverage needs.
What are the best car insurance companies in Loveland?
State Farm is the best car insurance company in Loveland, with an Insurify Quality (IQ) Score of 9.3 out of 5, an AM Best financial strength rating of A++ (Superior), and high customer satisfaction ratings. Other top insurers include USAA and American Family.
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
- 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.
Related articles
More cities in Colorado
Sources
- City of Loveland. "About."
- Nolo. "Colorado Auto Insurance Requirements and Laws."
- Jdpower.com. "2023 U.S. Auto Insurance Study."
- Ambest.com. "AM Best Revises Outlooks to Negative for State Farm Mutual Automobile Insurance Company and Certain Subsidiaries."
- Military One Source. "Colorado."
- Colorado Automobile Theft Prevention Authority. "Colorado Crime Statistics."
- III. "How to find the right auto insurance."
- Colorado General Assembly. "Mandatory Automobile Insurance in Colorado."
Alani Asis is a personal finance freelance writer with nearly three years of experience in content creation. She has landed bylines with leading publications and brands like Insider, Fortune, LendingTree, and more. Alani aims to make personal finance approachable through fun, relatable, and digestible content.
Licensed auto and home insurance agent
4+ years in content creation and marketing
As Insurify’s home and pet insurance editor, Danny also specializes in auto insurance. His goal is to help consumers navigate the complex world of insurance buying.
Featured in