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Introduction

Colorado Springs is Colorado’s second-most populated city as well as the most populous city in El Paso County. So, you can imagine how busy the roads will be.

A new driver will always be looking to buy affordable auto insurance in Colorado Springs that provides them with ample coverage. But what are car insurance rates in Colorado Springs like?

Colorado Springs insurance rates aren’t cheap and are higher than the state average. So, you need to research well on the best insurance companies in Colorado Springs to find the best auto insurance quotes.

The best way is to get multiple car insurance quotes in Colorado Springs from different insurers, compare, and buy one.

So, how much does car insurance in Colorado Springs cost? How can you find cheap auto insurance in Colorado Springs? Which are the best insurance companies in Colorado Springs?

Average car insurance quotes in Colorado Springs depend on age, credit score, driving history, and marital status. Continue reading our guide to find out more!

How Much Does Car Insurance Cost In Colorado Springs?

Colorado Springs Rates Vs. Colorado Vs. The United States Averages

The average annual car insurance premium in Colorado Springs costs around $1,915. It is more expensive than the statewide average and the national average. So, always decide on auto insurance in Colorado Springs after checking the quotes from multiple insurance companies.

Colorado Springs (annual average) Colorado (annual average) United States
$1,915 $1,769 $1,560

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Colorado Springs Car Insurance Premiums By Company

Are you looking for the best insurance companies in Colorado Springs that offer the lowest auto insurance rates? USAA offers the most affordable car insurance in Colorado Springs for an ideal driver. If you’re not eligible for USAA, you can buy an auto insurance policy from State Farm, costing you an average annual premium of around $1,475.

Car insurance company Average Annual Rate
USAA $1,173
State Farm $1,475
Allstate $1,920
Progressive $2,496

Colorado Springs Car Insurance Premiums By Age Group

Like many other cities, teens pay the highest rates for car insurance in Colorado Springs. However, the auto insurance rate in Colorado Springs starts decreasing noticeably when the drivers reach their 20s.

With an average annual premium of $1,715, drivers in their 50s pay the lowest car insurance premiums in the city. The insurance rates for drivers in their 60s are slightly higher than those in their 50s.

Age Average Annual Rate
Teens $6,645
20s $2,402
30s $1,869
40s $1,818
50s $1,715
60s $1,728
70s $2,020
 

Colorado Springs Car Insurance Premiums By Marital Status/Gender 

A driver’s marital status and gender may impact car insurance rates in some circumstances. For instance, like in other cities, female drivers pay more for auto insurance in Colorado Springs. But, again, insurers identify female drivers as riskier than male drivers.   In Colorado Springs, married drivers pay around $125 less for car insurance than single drivers. In most places, married drivers pay lower rates than single drivers because they don’t file several insurance claims, according to research. Rates for widowed people are likewise significantly lower than for single people.

Gender/Marital Status Average Annual Rate
Male $1,915
Female $1,929
Single $1,915
Married $1,790
Widowed $1,834
Divorced $1,915
 

Colorado Springs Car Insurance Premiums By Driving Record

What’s the best way to lower your insurance rates in Colorado Springs? It is by maintaining a spotless driving record. The rate of auto insurance in Colorado Springs increases when you get speeding tickets, reckless driving fines, DUIs and DWIs, and at-fault accidents.

Drivers involved in reckless driving pay higher car insurance in Colorado Springs. The average annual premium paid by drivers involved in reckless driving comes to around $2,607, $692 higher than the average city rate.

Offense Average Annual Rate
Reckless Driving $2,607
DUI/DWI $2,570
Speeding Ticket $2,254
At-Fault Accident (damages < $,1000) $2,379
At-Fault Accident (damages < $2,000) $2,692

Colorado Springs Insurance Premiums By Credit Rating 

Credit scores can greatly impact the cost of car insurance in Colorado Springs. For instance, drivers in Colorado Springs can save around 60 percent on their auto insurance premiums by improving their credit score from ‘Very Poor’ (300-579) to ‘Exceptional’ (800-850). In addition, changing your credit score from ‘Very Poor’ to ‘Fair’ will help you save money on auto insurance.

A Colorado driver with a ‘Very Poor’ credit rating must pay an average annual premium of around $3,703 for the car insurance. $1,788 more than the city average! However, drivers with the ‘Very Good’ and ‘Exceptional’ credit ratings need to pay an average annual premium less than the city average.

Credit Rating Average Annual Rate
Very Poor $3,703
Fair $2,329
Good $1,915
Very Good $1,743
Exceptional $1,578

What Would Increase Your Car Insurance Rate in Colorado Springs?

The area where you reside in Colorado Springs also impacts car insurance rates. Apart from your credit score and driving record, where you live is one of the most important factors in determining the cost of car insurance in Colorado Springs. It is because the number of uninsured drivers, theft, and crime varies by ZIP Code.

Insurers may identify you as a high-risk driver if you live in an area where residents don’t get along. It can lead to higher car insurance premiums than a neighbor down the street. Unfortunately, there is no exception to this rule in Colorado Springs.

80928, 80913, 80910, 80916, and 80914 are some of the costly ZIP Codes in Colorado Springs. Some less expensive ZIP Codes are 80927, 80920,  80907, 80919, and 80924. 

Accidents Statistics In Colorado Springs

Since Colorado state is getting more popular, the road traffic has increased substantially. It has increased the chance of road accidents in many parts of the state.   According to a Colorado Department of Transportation report, El Paso County had more than 50 fatal crashes in 2021. Since Colorado Spring belongs to this county, you must be careful while driving on the city roads.

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How to find cheap car insurance in Colorado Springs

  • Take advantage of discounts such as savings for safe driving, insuring multiple vehicles, or paying your premium in advance rather than monthly.
  • Multiple policies, such as home and auto, can be bundled with the same insurance company.
  • Before renewing your policy, search around to ensure you aren’t losing out on a better offer elsewhere.

Useful Info For Driving In Colorado Springs

The roads can face congestion anytime as Colorado Springs is the state’s second-most populated city. Here are some transportation tips and tricks to help you get around.

Mountain Metropolitan Transit (MMT): It is the public transportation provider for the Colorado Springs metro area, serving downtown Colorado Springs and the surrounding areas, as well as the cities of Manitou Springs, Widefield, and Security. MMT serves around 27 local routes.

Mountain Metro Mobility: It is a federally mandated additional ADA paratransit service that provides demand-response service for people with mobility needs. This service prevents them from accessing the fixed-route bus system.

Mountain Metro Rides: It provides the residents of the Pikes Peak Region with alternate transportation options. The program aims to minimize traffic and pollution by encouraging people to travel by carpooling, vanpooling, bicycle, or walking to work.

Bustang: It provides intercity transportation. It is part of the South and Outrider lines, connecting Denver and Lamar. An additional line connects Colorado Springs directly to the Denver Tech Center.

Auto Insurance Data Methodology

The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.

Quotes are typically based on a full coverage policy average unless otherwise noted within the content.

These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com

FAQ

How much is car insurance in Colorado Springs?

The yearly average auto insurance rate in Colorado Springs costs you $1,915, which is higher than the statewide and national average. The state average car insurance rate in Colorado is $1,769. So, always buy car insurance in Colorado Springs after checking the quotes from multiple insurers.

Where can I find cheap auto insurance in Colorado Springs?

USAA offers the cheapest car insurance rates in Colorado Springs, with an average annual rate of $1,173. If you’re not eligible for USAA, you can buy State Farm’s car insurance policy, which will cost nearly $1,475 yearly.

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