The average annual cost of auto insurance in Colorado Springs is $1,407, which is 3% less than the state average of $1,450. GEICO has the cheapest insurance for the typical motorist, costing $858. Based on various driving profiles and coverage levels, MoneyGeek also determined which suppliers were the least expensive. Drivers can use MoneyGeek's scores to locate the finest solutions if they want to strike a balance between cost and quality of service.

In Colorado Springs, GEICO provides the most competitive prices for full coverage policies, liability insurance, and penalized drivers. If you come from a military family, USAA may provide you the most affordable annual rates. However, because of its outstanding customer service and all-around pricing, MoneyGeek named State Farm the best auto insurance provider in the city.

The Most Affordable Auto Insurance Providers in Colorado Springs
The following two businesses in Colorado Springs typically provide full coverage insurance policies at the most competitive prices:

GEICO: $858 annually
Esurance: $999 annually
Although USAA offers the lowest full coverage auto insurance estimates in the city at $705 a year, their policies are only accessible to active-duty military personnel and their families.

The most affordable insurer for a comparable plan, MetLife, quotes a cost that is around 147% more expensive than the average lowest rate in the city provided by GEICO. Comprehensive and collision coverage are included in a full coverage insurance policy, however the annual costs vary depending on how much liability coverage you choose.

• 1.USAA = $705
  2.GEICO = $858
  3.Esurance = $999
  4.Travelers = $1,005
  5.Nationwide = $1,120

This study was carried out by MoneyGeek, who assessed the typical insurance rates for a 40-year-old male driver with a full coverage insurance policy.

A full coverage auto insurance policy, which costs more than a liability-only policy, includes the following two coverages in addition to liability.

In the case of a collision with another vehicle, collision coverage will protect your car.
Comprehensive Coverage: Guards your vehicle from damages including theft, fire damage, and collisions with animals that are not caused by accidents.
A full coverage policy may cost more than the vehicle's replacement value if it is an older model. In this situation, a liability-only insurance policy or the least required by the state may be preferable.

The least expensive minimum coverage auto insurance in Colorado Springs
Only the bare minimum of coverage is offered by the lowest insurance policy. The following organizations provide the least expensive minimal liability insurance in the area:

GEICO: $354 annually
State Farm: $546 annually
Military members may be eligible for $288 from USAA, the cheapest quotation in the area. The most expensive insurer, Progressive, quotes an average annual premium for state minimum liability-only coverage of $1,345; GEICO is around $991 less expensive.

Because the coverage limitations are smaller, minimum coverage insurance are less expensive. However, if you don't have comprehensive and collision insurance, you run the danger of not having enough protection in case of an accident.

CHEAPEST MINIMUM LIABILITY CAR INSURANCE IN COLORADO SPRINGS

• 1. USAA = $288
  2. GEICO = $354
  3. State Farm = $546
  4. Nationwide = $562
  5. Travelers = $635

Colorado law mandates that drivers carry a minimum of 25/50/15 liability coverage. Although this insurance may be the cheapest in Colorado Springs, you also receive the least amount of protection. That implies that you might have to pay extra out of pocket if you cause an accident.

For instance, if the other party's medical costs exceed $25,000, your liability insurance will only pay the first $25,000 of those costs; the remaining amount is your responsibility.

Cost of auto insurance on average in Colorado Springs

The annual average cost of auto insurance in Colorado Springs is $1,407, which is 3% less than the $1,450 state average. Additionally, motorists in this city pay 1.2% less annually than the national average.

Personalized Quotes for Colorado Springs' Lowest Car Insurance
The age, gender, automobile make, model, driving history, credit score, ZIP code, and other details are taken into account when Colorado Springs car insurance providers calculate estimates. The price of your yearly auto insurance premium can alter depending on any modifications to your unique circumstances.

For instance, GEICO charges a $858 yearly premium on average for a 40-year-old male. A comparable coverage for a male age 18 costs $3,165, which is $2,307 more than the male age 40 pays. Regularly comparing customised quotations will help you determine whether you are eligible for particular rebates or discounts.

The Top Colorado Springs Auto Insurance Providers
Based on the level of customer service and price offered by Colorado Springs auto insurance providers, MoneyGeek compared them. The firms listed below offer Colorado Springs drivers the best vehicle insurance, according to our research:

State Farm received a 90/100 rating from MoneyGeek.
GEICO received a 90/100 rating from MoneyGeek.

In contrast, USAA was the undisputed winner in Colorado Springs, receiving the highest marks of 100. The corporation was not included on the list of top companies since its policies only apply to military personnel and their dependents.

These auto insurance providers were ranked by MoneyGeek based on a number of criteria, including affordability, customer satisfaction, and insurer financial soundness. The data analytics and consumer intelligence business J. D. Power's findings were one of many sources we consulted while conducting this study.

Frequently asked questions regarding Colorado auto insurance

Want to buy auto insurance in Colorado? Liberty Mutual Insurance gets you covered whether you reside in Colorado Springs, Denver, or another part of the wonderful Centennial State. We tailor your Colorado vehicle insurance so you only pay for what you require, from liability protection to comprehensive coverage.

What kind of auto insurance is necessary in Colorado?
It is against the law to drive without insurance in Colorado. In Colorado, drivers are required to carry bodily injury, property damage, uninsured motorist personal injury, and medical payments insurance.

The minimal amount of automobile insurance that Colorado drivers must possess to be deemed adequately covered is depicted in this chart.

What is Colorado's average price for auto insurance?
According to thezebra.com, the average cost of vehicle insurance in Colorado is $1,704 a year.
2 That is 14.5% more than the average for the country. Of course, a number of various criteria, like as your age, where you reside, and your driving record, will affect how much your auto insurance will cost.

What Colorado auto insurance policy is the best?
In 2022, NerdWallet ranked Liberty Mutual as one of the top auto insurance providers.
3 That's because we are aware that every person has different requirements for their Colorado vehicle insurance. Some people may seek for the most affordable Colorado vehicle insurance, while others may seek out greater coverage and a reputable auto insurance provider. Allow us to assist you in modifying your Colorado auto insurance so that you only pay for what you require.

Which type of Colorado automobile insurance is best for you?
The bare minimum Colorado auto insurance requirements are shown in the chart above. But if you want extra security, you might want to think about getting more coverage, depending on your needs and budget.