It’s impossible to miss the captivating commercials from insurers like State Farm, Allstate, and Nationwide that guarantee dirt cheap rates. So you should just choose the one with the flashiest ad, right?
It’s just not that simple, as there are a ton of unknown aspects like any driving violations you may have, the neighborhood you live in, your credit rating, and whether you are male or female, that all have an effect on the price of a policy. In this article, we will teach you about these topics and will hopefully give you a jump start in finding the best auto insurance in Colorado Springs.
The vehicle model that needs insurance is one of the main factors when trying to find the best cheap car insurance for real estate agents. Vehicles with higher performance characteristics, poor crash test ratings, or an increased likelihood of liability claims will cost more to insure than safer models. The data below illustrates coverage prices for some of the cheapest vehicles to buy coverage for.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 2WD | $1,322 |
| Honda CR-V LX 2WD | $1,329 |
| Toyota Prius | $1,336 |
| Toyota Tacoma 2WD | $1,401 |
| Ford Edge SEL 2WD | $1,408 |
| Toyota RAV4 Limited 4WD | $1,428 |
| Volkswagen Jetta S 2.5 Station Wagon | $1,440 |
| Dodge Grand Caravan SE | $1,477 |
| Honda Odyssey EX-L W/Rear Entertainment | $1,507 |
| Chevrolet Impala LTZ | $1,513 |
| Nissan Rogue SL 2WD | $1,529 |
| GMC Sierra SLE Regular Cab 4WD | $1,534 |
| Chevrolet Silverado LT Extended Cab 4WD | $1,564 |
| Chevrolet Malibu LS | $1,572 |
| Jeep Wrangler Unlimited Sahara 2WD 4-Dr | $1,604 |
| Hyundai Sonata SE 4-Dr Sedan | $1,609 |
| GMC Sierra 2500HD SLT Crew Cab 4WD | $1,611 |
| Honda Accord EX-L 2-Dr Coupe | $1,636 |
| Ford Explorer Eddie Bauer AWD | $1,643 |
| Hyundai Elantra Blue 4-Dr Sedan | $1,648 |
| Ford Focus SES 4-Dr Sedan | $1,654 |
| Toyota Corolla LE | $1,651 |
| Nissan Altima Hybrid 4-Dr Sedan | $1,680 |
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Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Estimates do not factor in specific location information which can modify prices noticeably.
Based upon the table data, you can infer that makes and models like the Ford Escape, Honda CR-V, and Toyota Prius are the less-costly vehicles to insure for realtors.
For realtors, one of the more important factors that aid in calculating the cost of insurance is where your car is garaged in Colorado Springs. More densely populated places likely pay more, whereas less populated areas have the enjoyment of a little cheaper coverage.
The illustration below rates the most expensive areas in Colorado for real estate agents in which to purchase auto insurance. Colorado Springs ranks #8 with an annual cost of $1,329 for coverage, which is about $111 each month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Pueblo | $1,455 |
| 2 | Aurora | $1,417 |
| 3 | Denver | $1,383 |
| 4 | Lakewood | $1,365 |
| 5 | Commerce City | $1,354 |
| 6 | Northglenn | $1,342 |
| 7 | Security-Widefield | $1,330 |
| 8 | Colorado Springs | $1,329 |
| 9 | Ken Caryl | $1,326 |
| 10 | Centennial | $1,317 |
| 11 | Arvada | $1,308 |
| 12 | Thornton | $1,307 |
| 13 | Westminster | $1,272 |
| 14 | Highlands Ranch | $1,267 |
| 15 | Castle Rock | $1,261 |
| 16 | Littleton | $1,254 |
| 17 | Brighton | $1,235 |
| 18 | Parker | $1,220 |
| 19 | Boulder | $1,195 |
| 20 | Broomfield | $1,179 |
| 21 | Longmont | $1,144 |
| 22 | Grand Junction | $1,132 |
| 23 | Greeley | $1,110 |
| 24 | Fort Collins | $1,089 |
| 25 | Loveland | $1,074 |
| Compare Prices Now Go | ||
Rate quotes are estimated as the specific zip code location can raise or lower rates greatly.
Trying to buy reasonably-priced insurance is confusing at best, and figuring out which company offers the best auto insurance rates for real estate agents calls for additional perseverance. Each auto insurer uses a little different formula for determining rates, so first let’s look at the rankings for the most affordable auto insurance companies in Colorado Springs.
It’s a good idea to be aware that Colorado Springs auto insurance rates are influenced by many factors which can substantially change the cost of coverage. Simply turning a year older, moving to a new city, or getting a speeding ticket can trigger price changes resulting in some rates now being more expensive than competitors.
Find Cheaper Auto Insurance for Realtors
The Hartford offers some of the best car insurance rates in Colorado Springs at around $850 each year. Grange, USAA, Nationwide, and GEICO also rank well as some of the most economical Colorado Springs, CO car insurance companies.
In the above rates, if you are a policyholder with Nationwide and switched to Grange, you could see an annual savings of approximately $194. Colorado drivers with GEICO may save as much as $203 a year, and Auto-Owners customers might cut rates by $207 a year.
These policy rates are averages across all types of insureds and vehicles and and are not calculated with an exact vehicle garaging location for real estate agents. So the insurer that can offer you the best price may not even be in the top 21 companies in the list above. That points out the importance of why you need to compare rates from as many companies as possible using your own driver data and vehicle information.
The information below shows how choosing a deductible can influence insurance premiums when searching for cheap insurance for real estate agents. The premium estimates are based on a single male driver, comprehensive and collision coverage, and no other discounts are factored in.
The data above shows that a 40-year-old driver could lower rates by $290 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $436 by changing to a $1,000 deductible. Even younger drivers, such as the 20-year-old example, can save $948 or more by choosing a larger deductible amount.
When using a larger deductible, it will be required to have plenty of money set aside to enable you to pay the extra out-of-pocket expense, which deters some people from using high deductibles.
Which auto insurance company is best in Colorado Springs?
Insuring your vehicle with the best auto insurance provider can be a challenge considering how many companies there are in Colorado. The information shown next could help you choose which car insurance companies to look at buying from.
These rankings include companies who write in the majority of U.S. states, so smaller companies will not be included in this list. If you would like to check rates from these and other companies in Colorado, click this link.
| 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 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
The benefit of shopping around
Colorado auto insurance rates are calculated based on many things that will increase or decrease the price of coverage. Simply getting older, getting married, or having an accident may generate price changes that can now make some companies more affordable than competitors. In addition, insurers amend premium rates at least once a year to adjust for gains or losses. Heavy losses can result in more expensive premiums, while a profitable period may produce lower-cost Colorado Springs car insurance rates.
As an example, the graph below shows a variety of companies that have the cheapest car insurance in Colorado Springs, CO for a 30-year-old female driver with no accidents, a clean driving record, and a high credit rating. Based on her current rating profile, The Hartford quotes the lowest car insurance rates in Colorado Springs at $1,031 per year. This is $547 less than the average price paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO also make the list of the top five cheapest Colorado Springs, CO auto insurance companies.
The next chart shows rates after we give the driver in the first example an accident claim, bad credit, and a few blemishes on her driving record. Due to the fact that every insurance company has a different process to determine rates, analyzing rate quotes may now result in a different set of the cheapest car insurance companies in Colorado Springs as shown below.
Travelers now has the cheapest rate in Colorado Springs with State Farm, American Family, Amica, and Progressive also being competitive. This demonstrates why it is critical to compare as many rates as possible to get the most affordable car insurance quotes for real estate agents.
Prices are impacted by many different factors and change substantially, so the most economical company two years ago may now not even be in the top five.
How to find more affordable auto insurance for real estate agents
Below you’ll find a few penny-pinching suggestions that can help you find lower-cost auto insurance.
- Multi-policy discounts save money
- If possible, do not file small claims
- Raise your physical damage coverage deductibles
- Do not get traffic tickets
- Good credit can help you save money
- Avoid accidents
- Comparison shop at least once a year
The last tip is extraordinarily vital, as was discussed in the prior article. Insurance rates in Colorado Springs go up and down frequently, so you should be ready to buy from a different company if you can save money.
Sticking with a specific company is fine, but we do not recommend it if that devotion results in you overpaying hundreds of dollars a year. If you have a few minutes, now is a great time to compare prices to find cheaper auto insurance for real estate agents.
The insurance agents in Colorado Springs listed below can most likely aid you in deciding which coverages and limits you need, as some people have coverage questions and would like to have a consultation when shopping for cheaper insurance for realtors. It can be challenging to find the best coverage on your own, and getting advice from a licensed agent can bring satisfaction knowing your coverage gives you adequate protection in case of an accident or claim. To find an auto insurance agency using an interactive map, click the link after the list or click here to compare rates now.
- Ross Silva Agency – American Family Insurance
2746 E Bijou St – Colorado Springs, CO 80909 – (719) 597-2800 - Aileen Baldwin – State Farm Insurance Agent
540 W Garden of the Gods Rd – Colorado Springs, CO 80907 – (719) 599-9044 - Spencer Galloway – State Farm Insurance Agent
3918 Academy Blvd N – Colorado Springs, CO 80917 – (719) 632-3700