The words “low-cost” and “auto insurance” really shouldn’t be used in the same sentence, specifically when you are looking for the cheapest car insurance for good drivers. To save some money, let’s lead off by showing you some of the factors that determine auto insurance premiums, and come up with some ways to slash the price of your next policy.
For safe drivers, one of the largest considerations that are looked at to determine the cost of insurance is where your residence is in Colorado Springs. Areas with more people or more claims are more likely to have higher rates, whereas areas with less crime or weather claims benefit from having to pay less for coverage.
The table below rates the priciest cities in Colorado for good drivers in which to purchase auto insurance. Colorado Springs is ranked at #12 costing $1,277 on average, which is approximately $106 each month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Denver | $1,425 |
| 2 | Pueblo | $1,412 |
| 3 | Commerce City | $1,368 |
| 4 | Aurora | $1,361 |
| 5 | Security-Widefield | $1,343 |
| 6 | Northglenn | $1,342 |
| 7 | Lakewood | $1,337 |
| 8 | Thornton | $1,320 |
| 9 | Brighton | $1,285 |
| 10 | Westminster | $1,284 |
| 11 | Centennial | $1,278 |
| 12 | Colorado Springs | $1,277 |
| 13 | Ken Caryl | $1,274 |
| 14 | Parker | $1,270 |
| 15 | Arvada | $1,269 |
| 16 | Littleton | $1,267 |
| 17 | Highlands Ranch | $1,267 |
| 18 | Castle Rock | $1,248 |
| 19 | Boulder | $1,207 |
| 20 | Broomfield | $1,179 |
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Price information shown is approximated as the garaging address in Colorado Springs can increase or decrease coverage prices significantly.
Finding decent, reasonably-priced auto insurance is not always easy, and deciding which companies offer the cheapest auto insurance rates for good drivers will take additional perseverance. Each auto insurance company uses a slightly different approach for determining prices, so we’ll go over the auto insurance companies that tend to have lower prices in Colorado Springs, CO.
Compare Cheap Insurance Quotes for Good Drivers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $859 |
| 2 | Grange | $949 |
| 3 | USAA | $1,039 |
| 4 | Nationwide | $1,143 |
| 5 | Auto-Owners | $1,156 |
| 6 | GEICO | $1,176 |
| 7 | Travelers | $1,183 |
| 8 | State Farm | $1,259 |
| 9 | American Family | $1,275 |
| 10 | Progressive | $1,322 |
| 11 | Amica | $1,340 |
| 12 | Allied | $1,453 |
| 13 | California Casualty | $1,502 |
| 14 | Farmers | $1,581 |
| 15 | Colorado Farm Bureau | $1,624 |
| 16 | MetLife | $1,885 |
| 17 | Allstate | $1,994 |
| 18 | Encompass | $2,187 |
| 19 | Safeco | $2,547 |
| 20 | Titan | $2,711 |
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The Hartford quotes some of the lowest car insurance rates in Colorado Springs at around $859 a year. This is $719 less than the average rate paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and Auto-Owners also rank well as some of the more affordable Colorado Springs, CO insurance companies.
In the above rates, if you have coverage with Auto-Owners and switched to Grange, you might see an annual premium reduction of roughly $207. Policyholders with GEICO may save as much as $227 a year, and Travelers customers might lower prices by $234 a year.
To find the cheapest coverage for you, click here to get quotes or click through to the companies below.
Bear in mind that those premiums are averaged across all insureds and vehicles and are not factoring in a specific location for good drivers. So the car insurance company that can offer you the best price may not even be in the top 21 companies shown above. That’s why you need to get quotes using your own individual information.
The type of vehicle you are seeking coverage for is one of the largest factors when looking for economical insurance for good drivers. Vehicles with higher performance characteristics, a lack of safety features, or a track record of large liability claims will cost significantly more to insure than more modest models. The next list outlines auto insurance costs for a number of the most cost-effective vehicles to insure in Colorado.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 2WD | $1,132 |
| Honda CR-V EX 4WD | $1,330 |
| Jeep Grand Cherokee Laredo 4WD | $1,342 |
| Toyota RAV4 4WD | $1,351 |
| Honda Accord LX-P 4-Dr Sedan | $1,391 |
| Chevrolet Impala LTZ | $1,412 |
| Toyota Corolla LE | $1,417 |
| Ford F-150 FX2 Super Cab 2WD | $1,463 |
| GMC Sierra 2500HD SLT Crew Cab 4WD | $1,509 |
| Ford Edge SEL AWD | $1,514 |
| Hyundai Sonata Limited 4-Dr Sedan | $1,536 |
| Chevrolet Silverado LS Extended Cab 4WD | $1,543 |
| Toyota Prius | $1,548 |
| Chevrolet Silverado 3500HD LT Crew Cab Diesel 2WD | $1,560 |
| Dodge Grand Caravan SXT | $1,572 |
| Chevrolet Silverado 2500HD LT Crew Cab 2WD | $1,606 |
| Ford Focus S 4-Dr Sedan | $1,616 |
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Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Rates do not factor in specific Colorado Springs, CO garaging location which can increase or decrease auto insurance rates significantly.
Looking at the rates, we can infer that cars like the Ford Escape, Honda CR-V, Jeep Grand Cherokee, and Toyota RAV4 are going to be the more affordable vehicles to insure for safe drivers.
Violations and accidents raise rates
The recommended way to earn the most affordable auto insurance premiums in Colorado Springs for safe drivers is to be a safe driver and avoid getting tickets or having accidents. The example below shows how traffic citations and at-fault accidents can impact insurance costs for different categories of driver ages. The premiums are based on a single female driver, comp and collision included, $250 deductibles, and no policy discounts are applied.
In the example above, the average cost of car insurance per year with a clean driving record and no accidents is $2,381. Get two speeding tickets and the average cost swells to $3,198, an increase of $817 each year. Then add in two accidents along with the two speeding tickets and the yearly cost of auto insurance for good drivers goes up to an average of $6,194. That’s an increase of $3,813, or $318 per month, just for a couple of infractions!
Finding the top insurer is hard considering how many different companies insure vehicles in Colorado. The rank data below can help you analyze which providers to look at when shopping car insurance rates for good drivers.
These rankings are only made up of the largest auto insurers in America, so companies that have a smaller presence will not be included in the list. To check prices and find cheaper insurance for good drivers, just click here.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 98 | 100 | 100 | 94% | A++ | 98.6 |
| American Family | 98 | 89 | 100 | 86% | A | 95.4 |
| State Farm | 88 | 93 | 96 | 90% | A++ | 92.4 |
| The Hartford | 94 | 92 | 90 | 89% | A+ | 91.7 |
| AAA Insurance | 88 | 89 | 95 | 91% | A | 91.2 |
| GEICO | 84 | 93 | 93 | 89% | A++ | 90.3 |
| The General | 89 | 91 | 89 | 88% | A- | 90 |
| Titan Insurance | 90 | 87 | 91 | 95% | A+ | 89.6 |
| Progressive | 84 | 91 | 93 | 87% | A+ | 89.5 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Nationwide | 87 | 88 | 84 | 90% | A+ | 88.7 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
| Safeco | 85 | 85 | 85 | 86% | A | 85.8 |
| Travelers | 80 | 87 | 87 | 83% | A++ | 85.2 |
| Farmers Insurance | 78 | 87 | 88 | 79% | A | 84.3 |
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Data Source: Insure.com Best Car Insurance Companies
How to get discounts on Colorado Springs car insurance rates
Auto insurance companies that provide policies for good drivers could also offer price discounts that could lower prices by 30% or more if you qualify for them. A list of auto insurance companies and a selection of discounts are included below.
- State Farm has savings for multiple policy, multiple autos, anti-theft, student away at school, driver’s education, passive restraint, and safe vehicle.
- Farmers Insurance offers discounts including good student, bundle discounts, teen driver, pay in full, and alternative fuel.
- GEICO may include discounts for emergency military deployment, driver training, defensive driver, multi-vehicle, membership and employees, five-year accident-free, and seat belt use.
- American Family discounts include good driver, Steer into Savings, mySafetyValet, multi-vehicle, accident-free, and defensive driver.
- Nationwide may offer discounts for family plan, good student, Farm Bureau membership, accident-free, business or organization, easy pay, and multi-policy.
- Progressive policyholders can earn discounts including homeowner, multi-vehicle, continuous coverage, multi-policy, good student, online quote discount, and online signing.
The example below compares insurance costs with and without policy discounts. The data assumes a male driver, no claims or violations, Colorado state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with vehicle safety, anti-theft, multiple vehicle, claim-free, homeowner, and multiple policy discounts applied. When drivers qualify for the discounts, theamount saved on auto insurance for good drivers is 28% or $687.