American National P&C, State Farm and GEICO are the top three affordable car insurance providers in Colorado Springs. Insurance rates can change based on your driving history and the coverage you choose. The table below shows which company is most affordable for common categories, helping you find the best fit for your needs.
Cheapest Car Insurance in Colorado Springs, CO
Updated: December 24, 2024
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Key Takeaways
The five cheapest car insurance companies in Colorado Springs are American National P&C, GEICO, Colorado Farm Bureau, Progressive and American Family.
The lowest monthly rates are $26 for state minimum and $71 for full coverage.
Drivers pay an average of $51 monthly for minimum coverage and $121 for full coverage.
Why Trust MoneyGeek? MoneyGeek analyzed car insurance companies using data collected from the Colorado Department of Insurance and Quadrant Information Services. Learn more.
Cheapest Car Insurance Rates and Companies in Colorado Springs
| American National P&C | Minimum Coverage | $26 |
| American National P&C | Full Coverage | $71 |
| Kemper | Teens | $99 |
| American National P&C | Young Adults | $31 |
| American National P&C | Senior Drivers | $30 |
| GEICO | Drivers With Bad Credit | $45 |
| American National P&C | Drivers With a Speeding Ticket | $31 |
| Progressive | Drivers With a DUI | $41 |
| American National P&C | Drivers With an Accident | $37 |
| American National P&C | Military Affiliated Drivers | $26 |
Cheapest Car Insurance Coverage in Colorado Springs
Compare rates from various providers to find the cheapest car insurance in Colorado Springs. Your age, driving record, type of vehicle and coverage needs all influence your insurance cost.
Remember, the cheapest car insurance in Colorado might not be the lowest in Colorado Springs, but by comparing car insurance quotes, you can find affordable coverage that meets your needs.
Cheapest Minimum Coverage Car Insurance in Colorado Springs
American National P&C offers the cheapest minimum coverage at $26 per month, followed by GEICO at $33. Check the table below to see more providers offering the best rates for minimum coverage in Colorado Springs.
| American National P&C | $26 | $25 |
| GEICO | $33 | $19 |
| Colorado Farm Bureau | $34 | $18 |
| Progressive | $36 | $15 |
| American Family | $39 | $12 |
| Auto-Owners Insurance Co | $46 | $5 |
| State Farm | $47 | $5 |
Cheapest Full Coverage Car Insurance in Colorado Springs
American National P&C offers the cheapest full coverage car insurance in Colorado Springs at $848 per year. Check the table below to explore other providers offering top rates for full coverage.
| American National P&C | $71 | $50 |
| Progressive | $104 | $17 |
| Colorado Farm Bureau | $110 | $11 |
| GEICO | $88 | $33 |
| American Family | $97 | $23 |
| Auto-Owners Insurance Co | $98 | $22 |
Cheapest Car Insurance in Colorado Springs by Age
In Colorado Springs, car insurance rates vary with age. Younger drivers often pay more due to less experience. Over time, rates decrease but may climb after age 70. Below is information to help you find affordable options for teens, young adults and seniors.
Cheapest Car Insurance in Colorado Springs for Teens
Allstate and Nationwide offer the cheapest car insurance for teens in Colorado Springs. Check the table below to see the lowest rates in the city.
| Allstate | $169 | $50 | $390 | $55 |
| Nationwide | $202 | $17 | $396 | $49 |
Cheapest Car Insurance in Colorado Springs for Young Adults
For those seeking cheap car insurance for young adults in Colorado Springs, American National P&C offers the lowest minimum coverage rate at $374 annually, saving 52% compared to the city average. GEICO, Progressive and American Family are other affordable options.
| American National P&C | $31 | $34 |
| GEICO | $37 | $29 |
| Progressive | $42 | $23 |
| American Family | $48 | $17 |
| State Farm | $60 | $6 |
| Kemper | $61 | $4 |
| Auto-Owners Insurance Co | $62 | $3 |
| Colorado Farm Bureau | $63 | $3 |
Cheapest Car Insurance in Colorado Springs for Seniors
American National P&C offers the cheapest car insurance for seniors in Colorado Springs at an annual rate of $359. Explore car insurance for seniors or check the table below to find more affordable options or the best rates for senior drivers from other providers.
| American National P&C | $30 | $24 |
| American Family | $36 | $18 |
| GEICO | $36 | $18 |
| Progressive | $38 | $16 |
| Auto-Owners Insurance Co | $43 | $11 |
| State Farm | $44 | $10 |
| Colorado Farm Bureau | $48 | $6 |
Cheapest Car Insurance in Colorado Springs for Drivers With Bad Credit
A low credit-based insurance score may result in higher premiums compared to those with good scores. For cheap car insurance for drivers with bad credit in Colorado Springs, GEICO offers a rate of $536 per year, while Progressive's is $650 for minimum coverage. Review the table below for more options from other providers.
| GEICO | $45 | $43 |
| Progressive | $54 | $33 |
| American Family | $63 | $24 |
| Colorado Farm Bureau | $68 | $20 |
| Acuity | $81 | $7 |
| Kemper | $82 | $5 |
| American National P&C | $87 | $0 |
HOW TO LOWER YOUR RATE WITH BAD CREDIT
Drivers with poor credit can still lower car insurance costs by using common discounts, bundling different insurance policies and comparing personalized quotes from multiple companies. Taking extra steps to improve your credit over time can also help you get a lower rate.
Cheapest Car Insurance in Colorado Springs After a Driving Offense
Insurance providers assess risk when calculating car insurance premiums, and your driving record plays a key role. Violations like speeding tickets, accidents or DUIs can significantly raise your rates. Even the cheapest car insurance for drivers with violations will be more expensive than those with clean records. We've broken down affordable providers so you can find cheap car insurance after an accident and for other driving offenses.
Cheapest Car Insurance in Colorado Springs After a DUI
Drivers in Colorado Springs with a DUI can still find affordable car insurance. Progressive offers the cheapest minimum coverage with an annual rate of $497. Check the table below to explore options from other providers and find the best rates for drivers with a DUI in the area.
| Progressive | $41 | $47 |
| American National P&C | $42 | $46 |
| American Family | $43 | $45 |
| Colorado Farm Bureau | $50 | $39 |
| State Farm | $52 | $37 |
| GEICO | $79 | $10 |
Cheapest Car Insurance in Colorado Springs After an Accident
American National P&C offers the most affordable minimum coverage car insurance in Colorado Springs for drivers with an at-fault accident on their record, with an annual rate of $449. Check the table below to explore options from other providers and find the best car insurance company with the most affordable rates.
| American National P&C | $37 | $42 |
| Colorado Farm Bureau | $43 | $37 |
| American Family | $44 | $36 |
| GEICO | $54 | $26 |
| State Farm | $57 | $23 |
| Progressive | $59 | $21 |
| Auto-Owners Insurance Co | $78 | $2 |
Cheapest Car Insurance in Colorado Springs After a Ticket
American National P&C offers the most affordable car insurance for drivers with a speeding record in Colorado Springs at $377 annually. GEICO follows with an annual rate of $470. Check the table below to explore options from other providers and find the best car insurance company with the most affordable rates.
| American National P&C | $31 | $36 |
| GEICO | $39 | $28 |
| American Family | $43 | $24 |
| Colorado Farm Bureau | $45 | $23 |
| Progressive | $46 | $22 |
| Auto-Owners Insurance Co | $50 | $17 |
| State Farm | $52 | $16 |
Cheapest Car Insurance in Colorado Springs for Military Drivers
Military drivers in Colorado Springs, including active-duty members, veterans and their families, often enjoy special discounts and competitive rates on car insurance. For minimum coverage, the two cheapest car insurance providers for military drivers are American National P&C at $310 annually and USAA at $334 annually.
| American National P&C | $26 | $24 |
| USAA | $28 | $22 |
| GEICO | $33 | $17 |
| Colorado Farm Bureau | $34 | $16 |
| Progressive | $36 | $13 |
| American Family | $39 | $11 |
| Auto-Owners Insurance Co | $46 | $4 |
| State Farm | $47 | $3 |
Car Insurance Quotes in Colorado Springs
The estimated car insurance rates above give Colorado Springs residents a sense of expected premiums, serving as a helpful starting point for those seeking affordable coverage. However, because car insurance companies account for drivers' individual factors when calculating costs, obtaining quotes is the best way to get an accurate estimate."
Compare Colorado Springs Car Insurance Estimates Online
Since each insurer evaluates personal factors differently when determining car insurance costs, comparing quotes is the only way to find the most affordable rate. With MoneyGeek, drivers in Colorado Springs can swiftly enter their basic information and receive multiple car insurance quotes within minutes, making the process efficient and straightforward.
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Rates updated:
Dec 24, 2024
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Car Insurance Agencies in Colorado Springs
While comparing car insurance quotes online is a quick way to find affordable coverage, residents seeking personalized service should contact a local agency for specific needs. The table below includes names, review ratings, and contact information for top agencies in Colorado Springs.
How Much Does Car Insurance Cost in Colorado Springs?
In Colorado Springs, the yearly cost for full coverage car insurance averages $1,448. State minimum coverage is more affordable, averaging $615 annually. Keep in mind that these rates are for a 40-year-old driver with good credit and a clean driving record; your rate may differ.
Colorado Springs Auto Insurance Cost by Driver Profile
Compare your car insurance costs with our summary of average rates for various driver profiles. See if your deal matches up with the norm for your category.
| Teen Drivers | No Data | $445 |
| Young Adults | $65 | $154 |
| Senior Drivers | $54 | $118 |
| Drivers With Bad Credit | $87 | $217 |
| Drivers With a Speeding Ticket | $67 | $156 |
| Drivers With a DUI | $89 | $199 |
| Drivers With an Accident | $80 | $181 |
| Military Affiliated Drivers | $50 | $118 |
How Expensive Is Car Insurance Colorado Springs?
Car insurance in Colorado Springs costs a bit less for minimum coverage at $51 monthly compared to the state's $52. For full coverage, residents pay about $121 monthly, which is higher than Colorado's $118 average.
| City Avg Rate | $51 | $121 |
| State Avg Rate | $52 | $118 |
| vs State Avg Rate | $1 | $-3 |
Car Insurance Requirements in Colorado Springs
In Colorado, drivers must have car insurance that meets the state's minimum coverage limits. These requirements are in place to ensure that all drivers carry a certain level of financial protection for bodily injury and property damage liability.
The minimum coverage amounts in Colorado are as follows:
- $25,000 for bodily injury liability per person.
- $50,000 for bodily injury liability per accident.
- $15,000 for property damage liability per accident.
An auto insurance policy serves as a financial safeguard against costs arising from an accident. Specifically, liability coverage helps pay for damages or injuries you may cause to others if you are at fault in a collision.
For example, if you're responsible for an accident that injures another person, the minimum bodily injury liability per person will cover up to $25,000 of the expenses related to their injuries. It's important to note that this is the maximum amount the insurance company will pay per person, not per accident.
Drivers in Colorado who need SR-22 insurance in Colorado Springs should be aware that the state's minimum coverage limits are the least they must carry. This certificate confirms that you're maintaining the necessary liability insurance to drive legally.
Cheapest Car Insurance in Colorado Springs: Bottom Line
Getting the most affordable car insurance in Colorado Springs depends on your age, driving history and even credit score. American National P&C and State Farm often have the lowest rates. But remember to always compare quotes from different companies to get the best deal.
Cheap Colorado Springs Car Insurance: FAQ
MoneyGeek helps you find affordable car insurance in Colorado Springs. We answer common questions to guide you in choosing the best coverage for your needs.
What is the cheapest car insurance company in Colorado Springs, CO?
The cheapest car insurance company in Colorado Springs, CO, is American National P&C, with average monthly rates of $26 for minimum coverage and $71 for full coverage. Rates vary based on age, driving history and coverage needs, so it’s best to compare quotes.
What is the average cost of car insurance in Colorado Springs, CO?
The average cost of car insurance in Colorado Springs, CO, is around $1,448 per year for full coverage, while minimum coverage averages approximately $615 per year. These rates can vary depending on your specific circumstances.
Is car insurance in Colorado Springs, CO, expensive?
Yes, car insurance in Colorado Springs, CO, tends to be more expensive than the state average, particularly for full coverage. Factors like higher traffic congestion, accident rates and crime rates contribute to the increased premiums. Shopping around and comparing quotes can help you find more affordable options.
How We Chose the Cheapest Car Insurance in Colorado Springs, CO
To help Colorado Springs drivers find the most affordable auto insurance companies, MoneyGeek analyzed Colorado Springs auto insurance rates based on data and information from the Colorado Department of Insurance and Quadrant Information Services.
Colorado Springs Driver Profile
MoneyGeek created a sample driver profile to calculate car insurance quote averages in Colorado Springs with the following characteristics:
- 40-year-old male
- 2012 Toyota Camry LE
- Clean driving record
- 12,000 miles driven annually
Certain factors — such as age, driving record, credit score and military affiliation — were adjusted to find the most suitable insurance companies for specific driver profiles.
Coverage Levels in Colorado Springs
MoneyGeek compared the most affordable insurance providers for both minimum and full coverage auto insurance policies.
The minimum coverage requirements in Colorado are:
- $30,000 bodily injury liability per person
- $60,000 bodily injury liability per accident
- $25,000 property damage liability per accident
For a full coverage policy, we used the following coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $100,000 property damage liability per accident
- Comprehensive and collision insurance, each with a $1,000 deductible
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.