Best cheap car insurance in Colorado Springs
The average cost of car insurance in Colorado Springs is $518 for minimum coverage and $2,132 for full coverage per year, or around $178 per month. Although Colorado Springs' minimum coverage is slightly lower than the national average of $545 per year, its full coverage rate is higher than the $1,771 national average annual rate.
Drivers in Olympic City USA may seek the best cheap car insurance rates due to higher rates. StrongInsurance conducted extensive research and discovered that the cheapest car insurance companies in Colorado Springs are Geico, USAA, and State Farm. Learning more about the best low-cost carriers and how to find and keep low-cost car insurance in Colorado Springs may assist you in locating the most affordable rates for your coverage requirements.
Best cheap car insurance companies in Colorado Springs
According to Quadrant Information Services data, StrongInsurance's top three best cheap car insurance companies in Colorado Springs are Geico, State Farm, and USAA. The table below can help shoppers narrow down their options for the best carrier. Third-party scores, such as the 2022 J.D. Power Auto Insurance Study, are used to determine our picks in addition to annual quoted premiums. The StrongInsurance Score is calculated using these factors, as well as others such as coverage options, discounts, financial strength, and online and mobile accessibility. The StrongInsurance Score is assigned on a five-point scale, with 5.0 being assigned to companies that excel in all categories.
Insurance company | StrongInsurance Score | J.D. Power score (Southwest Region) | Average annual premium for full coverage | Average annual premium for minimum coverage |
Geico | 4.7 | 827/1,000 | $1,222 | $265 |
USAA | 5 | 856/1,000 | $1,353 | $309 |
State Farm | 4.7 | 848/1,000 | $1,580 | $449 |
Nationwide | 4.4 | Not rated | $1,595 | $463 |
Esurance | 4.2 | Not rated | $1,956 | $703 |
*Not officially ranked with J.D. Power due to eligibility restrictions
Geico
Drivers in Colorado Springs should look into Geico for low-cost insurance. The carrier provides some of the most affordable rates for both minimum and full coverage. Geico offers emergency road service, rental reimbursement, and mechanical breakdown insurance in addition to standard car insurance coverage. In the Southwest region, Geico ties with the industry average for auto insurance customer satisfaction. However, if you require more specialized coverage, such as pet injury or gap insurance, Geico may not be the best option.
USAA
USAA is another option to consider, with a perfect StrongInsurance Score and lower-than-average rates for minimum and full coverage. Unfortunately, this carrier is only available to current and former servicemembers and their immediate families, which is why it was ranked ineligible in the J.D. Power study despite receiving the highest score. It also lacks coverage options, only offering rental reimbursement and roadside assistance as optional extras.
State Farm
State Farm is the most popular option in the Southwest, with the highest ranked score for auto insurance customer satisfaction. Although the carrier does not have the cheapest rates among our carriers, its average full and minimum coverage rates are still lower than the national average. Some Colorado Springs drivers may benefit from State Farm's rideshare insurance. However, State Farm does not provide as many discount opportunities as other carriers.
Nationwide
Nationwide offers a variety of car insurance customization options, including gap insurance, towing and labor, vanishing deductible, and total loss deductible waiver. Discounts such as multi-policy, automatic payments, and being a safe driver may also be available to Colorado drivers. Nationwide does not rank high in customer satisfaction in the Southwest, so this carrier may not be suitable for all Colorado Springs drivers.
Esurance
Esurance, which is owned by Allstate, is another option for Colorado Springs drivers, though its minimum coverage rates may be slightly higher on average. It has a strong digital presence, including a mobile app for policy management and claims, and thus may appeal to those who prefer an online experience. Esurance provides a variety of optional coverage options, including rental car, roadside assistance, and gap insurance. It does not, however, rank in the Southwest region and has the lowest StrongInsurance Score on our list.
How to get and keep the cheapest car insurance in Colorado Springs
Knowing how to obtain and maintain the cheapest car insurance in Colorado Springs and other states can assist you in obtaining the most competitive rates without sacrificing coverage. Consider the following tips to get the best deals:
- Compare business quotes. Once you've determined which coverage options are best for you, getting several quotes to compare can help you find the best car insurance rates. If you are unsure about which coverage types you require, it may be worth speaking with an insurance agent so that you only pay for what you require.
- Maintain safe driving habits. Avoid tickets and at-fault accidents to keep your Colorado Springs rates low. This qualifies you for safe driving discounts and accident forgiveness, which lowers your rates if you cause an accident. Consider your carrier's telematics programmes, which track your trips and reward safe driving habits.