Car insurance in Colorado Springs: Cheapest insurance and average rates

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Car insurance in Colorado Springs costs $2,349 per year for full coverage – $196 monthly. In 2024, USAA offers the cheapest car insurance policy at $132 per month.

Colorado Springs is the second-biggest city in Colorado, with a population of more than 485,000. If you are moving to Colorado Springs — or already live there — it is important to find the right car insurance policy. Fortunately, there are ways to get cheap car insurance in Colorado Springs that will provide the coverage you need. 

Learn more about what a typical policy costs in Colorado Springs and what you need to know if you are new to the city. 

How to find the best car insurance in Colorado Springs

With the right tools and a little work, you can find the best car insurance policy in Colorado Springs that marries the coverage you need with a cost you can afford. 

Before shopping for car insurance, determine the type of policy you need, including the amount of coverage necessary to protect yourself. Make sure you get quotes from at least three companies comparing similar coverage limits and options and ask about any discounts you qualify for. It’s always best to buy as much coverage as you can afford.

Cheapest car insurance company in Colorado Springs

USAA provides the cheapest car insurance in Colorado Springs, according to the most recent data. It costs an average of $1,586 annually to purchase a full-coverage policy from the insurer. But remember that USAA is only available to military community members and their families. The next cheapest car insurance companies are Geico and State Farm.

See other cheap car insurance rates in Colorado Springs in the table below.

Average annual rates from insurers in Colorado Springs

How much is car insurance in Colorado Springs per month?

Colorado Springs residents can expect to pay an average of $196 per month in full coverage car insurance cost, or $43 per month for the state minimum coverage.

Of course, some drivers pay less than this average, while others pay more. Factors that determine how much you pay for car insurance include the insurance company you choose and the amount of coverage you need. Other factors — including your age and gender, the type of car you drive, and your history of accidents and violations — also influence car insurance costs.  

Fortunately, there are many ways to trim the cost of your car insurance. 

“Consider increasing your deductibles as an option to lower your premium,” says Alaina Hixson, a Nashville-based director of sales and operations at The Churchill Agency. “Most carriers offer a discount if you choose paperless statements and pay the premium in full for the term.”

Monthly rates for car insurance in Colorado Springs, Colorado

How do rates in Colorado Springs compare to other large cities in the U.S.?

The cost of coverage in Colorado Springs is roughly comparable to what you would pay in other major cities. Colorado Springs drivers pay $12 more per year than other Colorado drivers – the statewide rate is $2,337 annually, compared with Colorado Springs’s $2,349.

See how much you can expect to pay for car insurance in several major U.S. cities in the table below.

Monthly full-coverage car insurance costs in major U.S. metropolitan areas

Here’s what you need to know when driving in Colorado Springs

Like any city, Colorado Springs has its share of traffic woes. But overall, drivers have a pretty pleasant time navigating the city. 

In 2022, drivers in Colorado Springs lost an average of a mere eight hours in traffic, according to INRIX, which looks at traffic patterns. That makes Colorado Springs the 179th most-congested city in the U.S. 

If you are driving in the Colorado Springs area during rush hour, you can expect to spend an extra 13.6 minutes in traffic, according to the website CoPilot. That places Colorado Springs at No. 48 among all cities in the nation when it comes to losing time due to rush hour. 

Other things to remember when driving around Colorado Springs:

• Speed limits in Colorado are typically 30 mph in residential districts, and 65 mph on urban interstates. 
• The major toll road in the area is just west of Colorado Springs: Pikes Peak Highway takes you to the famous mountain of the same name.  
• In Colorado, all children up to the age of 15 must be properly restrained in a moving vehicle. 

How much car insurance do I need in Colorado Springs?

Colorado law requires you to purchase a minimum amount of liability car insurance coverage. These amounts are: 

• $25,000 for bodily injury or death to one person in any one accident.
• $50,000 for bodily injury or death to all persons in any one accident.
• $15,000 for property damage in any one accident.

However, these minimum levels of coverage will not be adequate for most drivers. 

Many drivers will prefer to carry much higher levels of liability coverage so they are better protected financially. In addition, liability insurance does not cover you or your car. 

That means drivers also might be interested in going beyond the minimum and protecting their own vehicles by purchasing insurance beyond the minimum, such as comprehensive and collision coverage. 

If you are unsure of how much coverage you need, consult with an insurance agent who can help. 

Average cost of car insurance in Colorado Springs

The average cost of full-coverage car insurance in Colorado Springs is $2,349 annually. That compares to a statewide average of $2,337 and a nationwide average of $1,895. 

Annual average rates in Colorado Springs for state minimum coverage and full coverage

How much does car insurance in Colorado Springs cost with violations?

Moving violations on your driving record will increase your car insurance rates. Violations like speeding tickets often cause a significant but manageable rise in rates. Other types of violations can make rates climb much higher. This is particularly true if you are convicted of a DUI. 

See rate increases in Colorado Springs in the table below by violation.

Cheapest car insurance in Colorado Springs by age

Your age will impact how much you pay for car insurance. The youngest drivers tend to pay the highest rates. The oldest drivers also are likely to pay more. See how much you can expect to pay by age in the table below.

Annual rates for state minimum and full coverage car insurance in Colorado Springs, by age

Compare auto insurance rates in Colorado Springs by ZIP code 

Where you live also plays a role in how much you pay for car insurance. Here are the Colorado Springs area ZIP codes with the cheapest and most expensive car insurance rates. See the tables below for the cheapest and most expensive ZIP codes for car insurance in Colorado Springs. 

Cheapest annual car insurance rates in Colorado Springs, by ZIP code 

Most expensive annual car insurance rates in Colorado Springs, by ZIP code 

Our recommendations: Car insurance for drivers in Colorado Springs

If low prices are your top focus when shopping for car insurance, USAA might be your best choice. It has the lowest average rates in our survey. 

However, it’s often a mistake to shop by price alone. It is crucial to make sure you have exactly the coverage you need, even if you have to pay a little more for it. 

Shopping around and gathering quotes from several insurance companies is the best way to get the coverage you need at the best price. 

A full coverage insurance policy with liability limits of 100/300/100 is the best option for most drivers. Consider increasing your liability limits as you accumulate wealth and your net worth increases. Purchasing as much car insurance as you can afford will give you peace of mind as you navigate the roads of Colorado Springs.

What our expert says

Q:How do you lower the cost of car insurance?

Alaina HixsonNashville-based director of sales and operations at The Churchill Agency.

“Consider increasing your deductibles as an option to lower your premium,” says Alaina Hixson, a Nashville-based director of sales and operations at The Churchill Agency. “Most carriers offer a discount if you choose paperless statements and pay the premium in full for the term.”

Resources & Methodology

Methodology

In 2024, Insure.com commissioned Quadrant Information Services to pull rates for a 40-year-old who has a 12-mile commute and drives a 2023 Honda Accord LX 10k miles annually. The hypothetical driver has full coverage, carrying policy limits of 100/300/100 with $500 deductibles for comprehensive and collision coverages. We analyzed 51,088,003 insurance quotes from 167 companies across 34,588 ZIP codes in every state and Washington, D.C.

Chris Kissell

Contributing Researcher

 

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Chris Kissell is a Denver-based writer and editor with work featured on U.S. News & World Report, MSN Money, Fox Business, Forbes, Yahoo Finance, Money Talks News and more.