The Cheapest and Best Car Insurance in Colorado Springs
The Cheapest Car Insurance Companies in Colorado Springs
In Colorado Springs, the following two companies offer the most low-cost fully coverage policy policies, on average :
- GEICO: $858 per year
- Esurance: $999 per year
It ‘s worth noting that, while USAA offers the city ‘s cheapest full coverage cable car indemnity quotes at $ 705 per year, their policies are lone available to military members and their families. GEICO quotes the modal cheap pace in the city, roughly 147 % less than the quote from MetLife, the most expensive insurance company for a similar plan. A full moon coverage policy policy includes comprehensive and collision coverages, but the annual premiums will differ based on the total of liability coverage levels you select .
Cheapest Car Insurance in Colorado Springs
Full Coverage 100/300/100 MoneyGeek conducted this study by evaluating average policy costs for a 40-year-old male driver under a entire coverage policy policy. apart from liability coverages, a full moon coverage car policy policy has the following two coverages and is therefore more expensive than a liability-only policy .
- Collision Coverage: Covers your vehicle in the event of a collision with another car.
- Comprehensive Coverage: Protects your car against losses that are not the result of an accident, such as theft, fire damage and collision with an animal.
If your cable car is an older model, a full coverage policy can cost more than the replacement value. In this example, a state-mandated minimum or liability-only policy policy may be preferable .
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Cheapest Car Insurance in Colorado Springs for Minimum Coverage
The cheapest indemnity policy only provides the basic minimum coverage. The following companies offer the city ‘s most low-cost minimum liability insurance :
- GEICO: $354 per year
- State Farm: $546 per year
military personnel may qualify for the cheapest quote in the city, $ 288 from USAA. GEICO is about $ 991 cheaper than Progressive, the most expensive insurance company, quoting an average of $ 1,345 per year for state minimal liability-only. minimal coverage policies are cheaper because they have lower coverage limits. however, without comprehensive examination and collision coverages, you may be at hazard of having insufficient coverage in the event of an accident. The table below illustrates the effect of increasing liability limits on policy rates .
Cheapest Minimum Liability Car Insurance in Colorado Springs
state Minimum Colorado drivers are required by law to have a minimum of 25/50/15 indebtedness car indemnity. While this can be the lowest insurance in Colorado Springs, you besides get the least security. That means if you are creditworthy for an accident, you may be responsible for paying more out of pouch. For exemplar, if the other party ‘s medical expenditures exceed $ 25,000, your liability policy will cover the first $ 25,000, but you must pay the counterweight .
Colorado Minimum Liability Requirements
- detail description
- Bodily Injury and Property Damage $ 25,000 per person, $ 50,000 per accident and $ 15,000 for property damage. A more protective flat is 100/300/100 .
Cheapest Car Insurance in Colorado Springs if You Have Driving Violations
Your car insurance premiums may increase significantly if you receive a dealings tag in Colorado Springs for a moving misdemeanor, such as speed or driving under the influence ( DUI ). The city ‘s cheapest average policy premiums are as follows, based on the most much committed traffic violations :
- Cheapest after a ticket: GEICO, $1,090 per year
- Cheapest after an at-fault accident: State Farm, $1,316 per year
- Cheapest after a DUI: State Farm, $1,226 per year
For people with a history of speeding tickets and at-fault accidents, USAA is the cheapest insurance company. The company offers policies merely to military families. regardless of the crime, you can reduce your future policy premiums if you rebuild your drive phonograph record to one without violations. In the meanwhile, shop around for the best indemnity rates .
Cheapest Car Insurance in Colorado Springs With a Violation
Average Cost of Car Insurance in Colorado Springs
The average car insurance in Colorado Springs is $ 1,407 per annum, which is 3 % less than the $ 1,450 average in the express of Colorado. Drivers in this city besides pay 1.2 % less than the average annual agio in the United States. The national average annual agio is $ 1,424.
Personalized Quotes to Get You the Cheapest Car Insurance in Colorado Springs
car insurance companies in Colorado Springs determine quotes based on several factors, such as the person ‘s old age, gender, car create and model, driving history, credit score and ZIP code, among early factors. Any changes in your specific circumstances can affect the monetary value of your annual car indemnity premium. For example, the average annual agio from GEICO for a 40-year-old male is $ 858. A exchangeable policy for an 18-year-old male is $ 3,165 — $ 2,307 more than what the 40-year-old male pays. Comparing individualized quotes regularly can help you find out if you are qualified for certain rebates or discounts .
Compare Car Insurance Rates in Colorado Springs
guarantee you ‘re getting the best rate for your cable car indemnity. Compare quotes from the top policy companies. widget-location-pin
The Best Car Insurance Companies in Colorado Springs
MoneyGeek compared car policy companies in Colorado Springs based on customer service quality and affordability. According to our sketch, the be companies provide the best car indemnity in the city :
- State Farm: MoneyGeek score of 90 out of 100
- GEICO: MoneyGeek score of 90 out of 100
USAA, on the early hand, was the clear winner in Colorado Springs, with the highest scores of 100 out of 100. Because the company ‘s policies are limited to military personnel and their dependents, it was not featured on the list of best companies. MoneyGeek ranked these car indemnity companies using several factors : insurance company fiscal stability, customer satisfaction and affordability. We used multiple resources to perform this study, including findings by data analytics and consumer news company J. D. Power .
5/5 Affordability 5/5 Claims Ratings 5/5 User Satisfaction A++ fiscal stability 2
3/5 Affordability 3/5 Claims Ratings 5/5 User Satisfaction A++ fiscal constancy 3
5/5 Affordability 3/5 Claims Ratings 3/5 User Satisfaction A++ fiscal constancy 4
3/5 Affordability 3/5 Claims Ratings 3/5 User Satisfaction A+ fiscal stability 5
5/5 Affordability 2/5 Claims Ratings 3/5 User Satisfaction A fiscal stability 6
3/5 Affordability 4/5 Claims Ratings 3/5 User Satisfaction A fiscal stability 7
3/5 Affordability 3/5 Claims Ratings 3/5 User Satisfaction A fiscal stability 8
2/5 Affordability 3/5 Claims Ratings 2/5 User Satisfaction A++ fiscal constancy 9
2/5 Affordability 3/5 Claims Ratings 3/5 User Satisfaction A fiscal constancy 10
2/5 Affordability 3/5 Claims Ratings 3/5 User Satisfaction A fiscal stability 11
3/5 Affordability 2/5 Claims Ratings 2/5 User Satisfaction A+ fiscal stability 12
2/5 Affordability 2/5 Claims Ratings 2/5 User Satisfaction A+ fiscal constancy
Average Cost of Car Insurance by Postal Code
Each ZIP code has unlike levels of crime and accidents a well as different driver demographics. thus, where you live in Colorado Springs will affect the price of your car policy premium. People living in the 80920 ZIP code get the most low-cost annual premium of $ 1,334. Drivers in the city ’ s most expensive ZIP code ( 80916 ), in terms of car policy, pay $ 1,461 on average for their annual agio .
- Zip Code State Minimum
Factors That Impact Insurance Costs in Colorado Springs
In accession to individual driver needs and history, location-specific factors like the share of uninsured motorists and the rate of fatal accidents besides contribute to car indemnity rates in Colorado Springs. How Colorado Springs ranks compared to the 300 most populous cities in the United States can have a meaning impact on bounty costs . Most Accidents With Fatalities
/ 300 Most car Thefts
/ 300 Most uninsured Motorists by State
/ 50 personal Injury Protection Required No Most annual rain
/ 300 Most showery Days
Methodology and Assumptions
MoneyGeek ’ mho average agio rates for Colorado Springs are based on 100/300/100 comprehensive collision coverage with a $ 1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and tug record. Learn more about MoneyGeek ’ randomness data and methodology here. About the generator
Mark Fitzpatrick is a senior content coach with MoneyGeek specializing in policy. Mark has years of experience analyzing the indemnity marketplace and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a master of Arts .
- Colorado General Assembly. “Mandatory Automobile Insurance in Colorado.” Accessed June 17, 2020 .