Cheapest Car Insurance Quotes in Loveland

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Loveland Car Insurance

^$ 22

/mo

Written by Sara Sam

Edited by Renee Martin

Why you can trust Way?

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

Table of Contents

How Much Is Car Insurance in Loveland

The car insurance rate in Loveland is $1032 for a six-month policy, which is $115 lower than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $331, making it a popular choice for budget-conscious drivers. Rates in Loveland can vary depending on your age, driving record, and coverage level, so not every driver will pay the same amount. Choosing a higher deductible, maintaining a clean driving history, and comparing quotes from multiple insurers can help you find better deals and save money over time.

Avg. Car Insurance in Loveland

$1032

Avg. Car Insurance in Colorado

$1147

National Average

$1140

Cheapest Car Insurance Companies in Loveland

1st place: Colorado Farm Bureau

At $331 for a six month policy, Colorado Farm Bureau offers the cheapest auto insurance rates in the city.

2nd place: American National P&C

American National P&C offers auto insurance rates at $364 for a six-month policy, making it one of the cheapest to insure with.

3rd place: AutoOwners Insurance Co

AutoOwners Insurance Co offers auto insurance rates at $545 for six months, making it the third cheapest auto insurance company in Loveland.

Loveland Car Insurance Rates by Company

Based on our research, the cheapest car insurance company in Loveland, CO is Colorado Farm Bureau, offering policies at just $331 for a six-month term. This is followed by American National P&C, which has an average six-month premium of $364.

At the higher end of the spectrum, California Casualty is the most expensive, with rates reaching $1326 for a six-month policy. Rates can vary widely by driver, but comparing quotes from multiple companies can help Loveland drivers find the best deals.

Cheap Car Insurance Companies in Loveland, CO

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Colorado Farm Bureau	$331	$57
American National P&C	$364	$60
Auto-Owners Insurance Co	$545	$93
Acuity	$593	$99
Colorado Farm Bureau Mutual	$695	$118
American Family	$871	$147
American National	$898	$153
Auto-Owners	$968	$161
USAA	$995	$167
State Farm	$1042	$176
Progressive	$1102	$185
Allstate	$1540	$259
Farm Bureau	$1540	$262
Nationwide	$1796	$300
Farmers	$1924	$324
California Casualty	$1326	$221

Key Takeaways

Way's key takeaways about car insurance in Loveland

The auto insurance costs in Loveland fall around $331 for six months.
The cheapest auto insurance company in Loveland is Colorado Farm Bureau.
Teen drivers pay the highest rate in Loveland at $1217 per month.

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Cheapest Minimum Liability Car Insurance in Loveland

Since car insurance is a critical requirement for owning a car, you must have minimum liability car insurance. The cheapest car insurance companies for minimum coverage in Loveland are given below.

Colorado Farm Bureau provides the cheapest minimum car insurance coverage in Loveland. Their Average 6 Month Premium is $129. California Casualty is the most expensive at $187 for the same period.

Cheapest Liability Coverage in Loveland, CO

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Colorado Farm Bureau	$129	$22
American National P&C	$139	$23
American National	$166	$28
Colorado Farm Bureau Mutual	$193	$32
USAA	$220	$37
Auto-Owners Insurance Co	$251	$42
Farm Bureau	$257	$43
Progressive	$267	$45
Acuity	$273	$46
State Farm	$300	$50
American Family	$305	$51
Auto-Owners	$358	$61
Allstate	$588	$99
Nationwide	$593	$101
Farmers	$599	$101
California Casualty	$187	$32

Cheapest Full Coverage Car Insurance in Loveland

One might think that minimum coverage is only required when insuring your car insurance. However, having full coverage car insurance in any city is certainly a wise choice as it offers better coverage and protection. Our best pick for the cheapest auto insurance quotes in Loveland is Colorado Farm Bureau at $57 per month and $331 for six months.

Cheapest Full Coverage Car Insurance Quotes in Loveland, CO

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Colorado Farm Bureau	$331	$57
American National P&C	$364	$60
Auto-Owners Insurance Co	$545	$93
Acuity	$593	$99
Colorado Farm Bureau Mutual	$695	$118
American Family	$871	$147
American National	$898	$153
Auto-Owners	$968	$161
USAA	$995	$167
State Farm	$1042	$176
Progressive	$1102	$185
Allstate	$1540	$259
Farm Bureau	$1540	$262
Nationwide	$1796	$300
Farmers	$1924	$324
California Casualty	$1326	$221

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Average Car Insurance in Loveland by Rating Factor

The car insurance rates for two people under the same ZIP code will mostly be different. This is mostly because insurance rates are calculated based on several rating factors. These rating factors include the driver's age, gender, marital status, driving and claims history, credit score, location, type of vehicle, and coverage levels.

I have a clean driving record. Why is my car insurance rate here in Loveland, CO increasing?

Despite maintaining a clean driving record, your car insurance rates in Loveland, Colorado, may be increasing due to several external factors. Colorado has experienced significant rate hikes recently, with average premiums rising by 25.5% in 2023, largely attributed to higher claims volumes and inflation.

Additionally, Loveland's high urban population density, raised auto theft rates, and frequent natural disasters contribute to increased insurance costs.

Car Insurance Premiums by Age in Loveland

It is quite evident why teen drivers pay the highest car insurance rates in any city. Their lack of experience and increased accident rates make them a highly risky category. However, as you grow older, your car insurance rates will decrease. So, it is better to not have separate policies for teens; instead, add them to their parents' policies.

Cheapest Car Insurance Companies Based on Age Group

Age Group	Cheapest Companies	Avg. 6 Mo. Premium
20s	USAA	$767
30s	USAA	$563
40s	USAA	$485
50s	USAA	$491
60s	USAA	$500
70s	USAA	$585

Cheapest Car Insurance Rates for Teen Drivers in Loveland,CO

If you are planning to get a car insurance policy for your teenage dependent, American National provides the cheapest car insurance in the Loveland at $23 per month. At $7228 for a six-month premium, Farmers offers the most expensive rate for teen drivers.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
American National	$134	$23
American National P&C	$166	$28
California Casualty	$187	$32
Colorado Farm Bureau	$235	$40
Auto-Owners Insurance Co	$342	$57
Colorado Farm Bureau Mutual	$1224	$208
USAA	$1444	$243
American Family	$1791	$302
State Farm	$2358	$397
Progressive	$2930	$493
Auto-Owners	$3164	$527
Allstate	$3208	$540
Nationwide	$5763	$960
Farmers	$7228	$1217

Teen Car Insurance Rates in CO by Age

Way Tip

If you are in your twenties USAA is the best choice for car insurance in Loveland.

As young drivers face the highest rates in Loveland, USAA offers the cheapest auto insurance rates at $767 for six months.

Car Insurance Rates by Credit Score & Driving History

Similar to your driving history, your financial history also plays a key role in determining your auto insurance rates. A low credit score would mean a lapse in payment and increased chances of filing claims, which results in higher auto insurance rates. Therefore, the higher the credit score, the lower the car insurance rates will be.

Cheapest Car Insurance Companies for Bad Credit

For those with poor credit scores in Loveland, Colorado Farm Bureau is the cheapest car insurance provider. At $251 for a six-month premium, they offer the best rates in the city. The most expensive auto insurance rate for drivers with bad credit in Loveland is State Farm, offering rates of around $3464 for six months.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Colorado Farm Bureau	$251	$42
Acuity	$385	$64
American Family	$1144	$193
Progressive	$1182	$199
USAA	$1657	$282
Farmers	$2101	$354
Allstate	$2689	$457
Nationwide	$2732	$455
Auto-Owners	$2930	$498
State Farm	$3464	$578

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Car Insurance Rates with An Accident in Loveland

Both accidents and the resulting increase in insurance rates are often beyond our control. When you’re involved in an accident, you become riskier to insure, consequently increasing the rates. In Loveland, CO, accidents can lead to significant hikes in your premiums.

Cheapest Car Insurance Companies after an At-Fault Accident in Loveland

The cheapest car insurance companies after an at-fault accident in Loveland include Colorado Farm Bureau and American National, offering $160 and $187, respectively. Nationwide is an expensive provider with an average six-month premium of $3133.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Colorado Farm Bureau	$160	$27
American National	$187	$32
American National P&C	$198	$33
Farm Bureau	$251	$42
California Casualty	$364	$60
State Farm	$818	$138
Colorado Farm Bureau Mutual	$840	$140
USAA	$840	$141
American Family	$1053	$177
Progressive	$1471	$248
Auto-Owners	$1609	$268
Allstate	$2224	$374
Farmers	$2646	$446
Nationwide	$3133	$533

Loveland Car Insurance Rates by Violation

Here is a list of driving violations that can increase your car insurance rates in Loveland CO. For example, the car insurance in Loveland after a DUI increases to $951 for a six month policy. While the rate increases by $278 for a six-month policy in the case of a speeding ticket.

Loveland auto insurance quotes by violations

Accident/Violation	Avg. 6 Mo Premium	Avg. Monthly Premium
None	$1193	$199
One Med/PIP claim	$1198	$203
Not-at-fault accident	$1219	$203
One comp claim	$1224	$208
Two Med/PIP claims	$1224	$204
Two comp claims	$1273	$216
Failure to wear a seat belt	$1331	$222
Failure to show documents	$1342	$229
Child safety restraint	$1358	$226
Driving without lights	$1358	$231
Driving with expired registration	$1411	$235
Texting while driving	$1427	$243
At-fault accident - less than $1000	$1438	$239
Cell phone violation	$1444	$246
Failure to yield	$1444	$240
Following too closely	$1444	$246
Illegal turn	$1444	$240
Failure to stop at a red light	$1449	$247
Driving too slowly	$1454	$242
Improper passing	$1460	$248
Wrong way/wrong lane	$1465	$244
Speeding 6 - 10 MPH over limit	$1471	$250
Speeding 11 - 15 MPH over limit	$1475	$246
Speeding 16 - 20 MPH over limit	$1475	$251
Speeding in school zone	$1481	$247
Passing school bus	$1508	$257
In 65 MPH zone	$1604	$267
Operating a vehicle without permission	$1609	$274
Speeding 21 - 25 MPH over limit	$1631	$272
Open container	$1673	$284
At-fault accident - $1000-$2000	$1759	$293
At-fault accident - greater than $2000	$1796	$305
Driving with a suspended license	$1882	$313
Reckless driving	$2075	$353
Refusal to submit to a chemical test	$2095	$349
Racing	$2117	$360
DUI	$2144	$357
Leaving scene of an accident/hit and run	$2224	$378

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Way Tip

Avoid Having A DUI On Your Driving Record.

A DUI can increase your car insurance rates—by $5,000 to $10,000 over five years. Speeding, reckless driving, and at-fault accidents also raise rates, staying on your record for 3–5 years, while DUIs/DWIs can impact you longer.

Car Insurance Rates in Loveland after a DUI

There may have been times when you drank but chose not to drive—a smart and responsible decision, as most states treat DUIs as a serious offense. Your car insurance rates can double after a DUI charge, making it harder to find affordable coverage in Loveland.

The cheapest car insurance premiums in Loveland are offered by Colorado Farm Bureau at $187 for a six-month policy. However, it can be as expensive as $4218 with companies like Nationwide.

Loveland car insurance quotes with a DUI

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Colorado Farm Bureau	$187	$32
American National	$198	$33
American National P&C	$224	$38
Farm Bureau	$294	$50
Colorado Farm Bureau Mutual	$855	$142
Progressive	$909	$153
State Farm	$925	$156
American Family	$1133	$191
USAA	$1203	$203
Farmers	$1647	$277
Allstate	$1919	$323
Auto-Owners	$2000	$340
Nationwide	$4218	$703

Cheapest car insurance after a speeding ticket

One of the easiest ways to save money on car insurance is to stay within the speed limit. After a speeding violation, the cheapest car insurance premiums in Loveland are offered by American National P&C at $166. However, it can be as expensive as $3090 with companies like Farmers for a similar six-month premium.

Cheapest Car Insurance in Loveland after Speeding ticket

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
American National P&C	$166	$28
Colorado Farm Bureau	$171	$29
Auto-Owners Insurance Co	$273	$47
State Farm	$609	$103
American Family	$791	$133
Auto-Owners	$1005	$167
USAA	$1022	$174
Progressive	$1048	$176
Allstate	$1764	$300
Nationwide	$2588	$431
Farmers	$3090	$526

Car Insurance Price Trends in Loveland, Colorado

Car insurance rates in Loveland have fluctuated due to factors such as state regulations, inflation, and changing driving habits.

The average cost of full coverage in the Loveland rose by $212 in December compared to $207 of November. In other words, there has been an increase by $5 when you compare December and November.

The average cost of liability insurance in the Loveland rose to $52 in December, compared to $47 in November. This represents an increase of $5 when comparing December and November.

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Frequently Asked Questions

How much is car insurance in Loveland?

The car insurance in Loveland is $22 per month, which is lower than the national average.

What is the cheapest car insurance in Loveland?

The cheapest car insurance in Loveland is $57 per month for full coverage.

How much is car insurance in Loveland for teenagers?

Car insurance for teenagers costs $134 per 6 months. The rates for teen drivers are higher due to their lack of experience as drivers.

What's the average cost of car insurance in Loveland?

The average cost of car insurance is $1147 for a six-month policy. It will cost around $174 per month to insure your car in Loveland.

Is car insurance expensive in Loveland?

Car insurance can be expensive in Loveland if your rating factors are not favorable. However, with a clean driving record and good credit score, car insurance rates in Loveland can be affordable.

What is the best car insurance in Loveland, CO?

The best car insurance company in Loveland CO is Colorado Farm Bureau, offering $331 for a six-month policy.