Cheapest Car Insurance Quotes in Olney Springs

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Olney Springs Car Insurance

^$ 26

/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 Olney Springs

The car insurance rate in Olney Springs is $1196 for a six-month policy, which is $109 higher than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $405, making it a popular choice for budget-conscious drivers. Rates in Olney Springs 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 Olney Springs

$1196

Avg. Car Insurance in Colorado

$1087

National Average

$1278

Cheapest Car Insurance Companies in Olney Springs

1st place: Colorado Farm Bureau

At $405 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 $444 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 $667 for six months, making it the third cheapest auto insurance company in Olney Springs.

Olney Springs Car Insurance Rates by Company

Based on our research, the cheapest car insurance company in Olney Springs, CO is Colorado Farm Bureau, offering policies at just $405 for a six-month term. This is followed by American National P&C, which has an average six-month premium of $444.

At the higher end of the spectrum, Farm Bureau is the most expensive, with rates reaching $1882 for a six-month policy. Rates can vary widely by driver, but comparing quotes from multiple companies can help Olney Springs drivers find the best deals.

Cheap Car Insurance Companies in Olney Springs, CO

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Colorado Farm Bureau	$405	$69
American National P&C	$444	$74
Auto-Owners Insurance Co	$667	$113
Acuity	$725	$121
Colorado Farm Bureau Mutual	$876	$149
American Family	$1058	$178
American National	$1098	$187
State Farm	$1196	$201
USAA	$1216	$205
Farmers	$1405	$234
Progressive	$1522	$256
Allstate	$1889	$318
Nationwide	$2385	$406
Auto-Owners	$1183	$197
Farm Bureau	$1882	$320

Key Takeaways

Way's key takeaways about car insurance in Olney Springs

The auto insurance costs in Olney Springs fall around $405 for six months.
The cheapest auto insurance company in Olney Springs is Colorado Farm Bureau.
Teen drivers pay the highest rate in Olney Springs at $658 per month.

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Cheapest Minimum Liability Car Insurance in Olney Springs

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 Olney Springs are given below.

Colorado Farm Bureau provides the cheapest minimum car insurance coverage in Olney Springs. Their Average 6 Month Premium is $157. AutoOwners is the most expensive at $438 for the same period.

Cheapest Liability Coverage in Olney Springs, CO

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Colorado Farm Bureau	$157	$26
American National P&C	$169	$29
American National	$202	$34
Colorado Farm Bureau Mutual	$242	$41
USAA	$268	$45
Auto-Owners Insurance Co	$307	$52
Farm Bureau	$314	$53
Acuity	$333	$56
State Farm	$353	$59
Progressive	$366	$62
American Family	$380	$64
Farmers	$451	$77
Allstate	$693	$117
Nationwide	$725	$123
Auto-Owners	$438	$73

Cheapest Full Coverage Car Insurance in Olney Springs

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 Olney Springs is Colorado Farm Bureau at $69 per month and $405 for six months.

Cheapest Full Coverage Car Insurance Quotes in Olney Springs, CO

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Colorado Farm Bureau	$405	$69
American National P&C	$444	$74
Auto-Owners Insurance Co	$667	$113
Acuity	$725	$121
Colorado Farm Bureau Mutual	$876	$149
American Family	$1058	$178
American National	$1098	$187
State Farm	$1196	$201
USAA	$1216	$205
Farmers	$1405	$234
Progressive	$1522	$256
Allstate	$1889	$318
Nationwide	$2385	$406
Auto-Owners	$1183	$197
Farm Bureau	$1882	$320

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Average Car Insurance in Olney Springs 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 Olney Springs, CO increasing?

Despite maintaining a clean driving record, your car insurance rates in Olney Springs, 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, Olney Springs's high urban population density, raised auto theft rates, and frequent natural disasters contribute to increased insurance costs.

Car Insurance Premiums by Age in Olney Springs

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

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Cheapest Car Insurance Rates for Teen Drivers in Olney Springs,CO

If you are planning to get a car insurance policy for your teenage dependent, American National provides the cheapest car insurance in the Olney Springs at $28 per month. At $3868 for a six-month premium, AutoOwners offers the most expensive rate for teen drivers.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
American National	$164	$28
American National P&C	$202	$34
California Casualty	$229	$39
Colorado Farm Bureau	$287	$48
Auto-Owners Insurance Co	$418	$72
USAA	$1516	$255
American Family	$2358	$397
State Farm	$2405	$405
Progressive	$2862	$482
Allstate	$4816	$803
Nationwide	$7612	$1295
Colorado Farm Bureau Mutual	$1496	$254
Farmers	$9650	$1625
Auto-Owners	$3868	$658

Teen Car Insurance Rates in CO by Age

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 Olney Springs, Colorado Farm Bureau is the cheapest car insurance provider. At $307 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 Olney Springs is AutoOwners, offering rates of around $3581 for six months.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Colorado Farm Bureau	$307	$52
Acuity	$471	$80
Farmers	$556	$92
American Family	$1529	$257
Progressive	$2025	$341
USAA	$2267	$385
Nationwide	$3620	$603
Allstate	$4018	$683
State Farm	$6992	$1165
Auto-Owners	$3581	$608

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Car Insurance Rates with An Accident in Olney Springs

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 Olney Springs, CO, accidents can lead to significant hikes in your premiums.

Cheapest Car Insurance Companies after an At-Fault Accident in Olney Springs

The cheapest car insurance companies after an at-fault accident in Olney Springs include Colorado Farm Bureau and American National, offering $196 and $229, respectively. AutoOwners is an expensive provider with an average six-month premium of $1967.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Colorado Farm Bureau	$196	$33
American National	$229	$39
American National P&C	$242	$41
Farm Bureau	$307	$52
California Casualty	$444	$74
State Farm	$849	$143
USAA	$974	$164
American Family	$1294	$218
Progressive	$1810	$305
Allstate	$3711	$631
Nationwide	$4182	$697
Colorado Farm Bureau Mutual	$1026	$175
Farmers	$3600	$606
Auto-Owners	$1967	$328

Olney Springs Car Insurance Rates by Violation

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

Olney Springs auto insurance quotes by violations

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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 Olney Springs 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 Olney Springs.

The cheapest car insurance premiums in Olney Springs are offered by Colorado Farm Bureau at $229 for a six-month policy. However, it can be as expensive as $2444 with companies like AutoOwners.

Olney Springs car insurance quotes with a DUI

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Colorado Farm Bureau	$229	$39
American National	$242	$41
American National P&C	$274	$46
Farm Bureau	$360	$59
Farmers	$542	$92
Progressive	$1098	$185
State Farm	$1327	$223
USAA	$1411	$238
American Family	$1496	$252
Allstate	$3182	$530
Nationwide	$5645	$960
Colorado Farm Bureau Mutual	$1045	$178
Auto-Owners	$2444	$416

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 Olney Springs are offered by American National P&C at $202. However, it can be as expensive as $1229 with companies like AutoOwners for a similar six-month premium.

Cheapest Car Insurance in Olney Springs after Speeding ticket

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
American National P&C	$202	$34
Colorado Farm Bureau	$209	$35
Auto-Owners Insurance Co	$333	$55
State Farm	$1000	$168
American Family	$1058	$178
USAA	$1405	$239
Progressive	$1627	$274
Allstate	$2647	$450
Nationwide	$3450	$575
Farmers	$4502	$766
Auto-Owners	$1229	$209

Car Insurance Price Trends in Olney Springs, Colorado

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

The average cost of full coverage in the Olney Springs dipped by $246 in March compared to $286 of February. In other words, there has been an decrease by $40 when you compare March and February.

The average cost of liability insurance in the Olney Springs rose to $59 in March, compared to $53 in February. This represents an increase of $6 when comparing March and February.

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Frequently Asked Questions

How much is car insurance in Olney Springs?

The car insurance in Olney Springs is $26 per month, which is lower than the national average.

What is the cheapest car insurance in Olney Springs?

The cheapest car insurance in Olney Springs is $69 per month for full coverage.

How much is car insurance in Olney Springs for teenagers?

Car insurance for teenagers costs $164 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 Olney Springs?

The average cost of car insurance is $1087 for a six-month policy. It will cost around $201 per month to insure your car in Olney Springs.

Is car insurance expensive in Olney Springs?

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

What is the best car insurance in Olney Springs, CO?

The best car insurance company in Olney Springs CO is Colorado Farm Bureau, offering $405 for a six-month policy.