The Best Cheap Auto Insurance in Colorado Springs

State Farm has one of the lowest rates in Colorado Springs and the highest customer satisfaction score in the Southwest region. Its mainstream brand recognition comes with a wide range of insurance products and discounts. State Farm works with exclusive local agents who understand the unique complexities of their areas. AM Best rates State Farm A++ for financial solvency and strength.

Hyperlocal Expertise

State Farm has 25 insurance agents in Colorado Springs. The auto insurance company relies on exclusive agents, which means only State Farm agents can sell its insurance products, and the agents can only sell State Farm products. Local agents know your neighborhood and have a deeper understanding of the macro and micro factors that affect your rate. Your local agent can typically get you lower car insurance rates than if you requested a quote online.

Safe Driving Discounts

Colorado Springs is a great place to live, but it’s not all sunshine and rainbows. The city set a record for the most deadly traffic crashes in its history in 2020, with 50 total.² Your driving record is an important factor in determining your auto insurance rate — typically, at-fault accidents result in higher premiums. If you’re a safe driver, get the best rates on auto insurance in Colorado Springs by taking advantage of State Farm’s many safe driving discounts:

• Drive Safe & Save: Use an app to track your driving habits and save up to 30 percent on your premium if you’re a safe driver.
• Steer Clear: If you’re a new driver or a driver under 25, this is the safe driving app for you. Steer Clear records your trips and provides safe driving resources and lessons.
• Accident-free: This discount applies if you maintain an accident-free driving record.
• Defensive driving: Due for a driver safety course? Ask your agent if you can get a discount after completing a qualified class.
• Good driver: New State Farm customers receive this discount after three years or more of no moving violations and at-fault accidents on your record.

Bundle Up

Ask your State Farm agent about the benefits of working exclusively with State Farm insurance and loan products. Save with a bundling discount when you combine life, home, condo, or renters insurance with your car insurance policy from State Farm. If you lease or finance your vehicle, State Farm offers payoff protector coverage— but only if your loan originates from State Farm Bank.

USAA offers the cheapest full coverage rate for drivers in Colorado Springs; however, it is only available to military personnel, veterans, and their families. The United Services Automobile Association (USAA) offers insurance, banking, and investment products. In terms of car insurance, the company provides safe driving discounts as well as usage-based insurance to assist active duty military members in Colorado Springs and elsewhere.

Safe Driving Program

You’re better safe than sorry, especially in a city like Colorado Springs, which has a high incidence of accidents. That’s why USAA provides a safe driving program called SafePilot, which saves you up to 30 percent of your auto insurance premium.

SafePilot is a telematics program, which means it uses an app to monitor your driving behaviors. The program tracks factors such as how fast you drive, how quickly you brake, what time you drive, and for how long you drive. You’ll get a 10 percent discount for enrolling and a new rate upon each policy renewal, depending on your driving habits.

Military On-Base Discount

Colorado Springs is home to Fort Carson, Peterson Space Force Base, Schriever Space Force Base, and the United States Air Force Academy. If you live and garage your car on base in Colorado Springs, you can save up to 15 percent on your comprehensive coverage premium from USAA. Comprehensive insurance covers damages to your car for incidents aside from collisions, including theft and vandalism. While comprehensive coverage is not required in Colorado, you’ll need it if you have a new car or a car in storage.

Membership Benefits

USAA comes with plenty of membership perks for U.S. military members, veterans, and families:

• If you deploy internationally or you’re returning from deployment to Colorado Springs, USAA offers 24/7 member support for insurance, deployment, and transition questions.
• Bundle multiple vehicles and save.
• Ask for help from experts concerning managing debt, investing, saving, retiring, and banking.
• Get a discount on ADT home security so you can ensure your family’s safety at all times.

GEICO covers 18 million drivers across the U.S., making it one of the largest insurance providers in the country. People may come for its catchy slogans and memorable marketing, but they stay for GEICO’s wide range of coverage for insurable properties and its easy-to-use online customer service. If you’re okay with mainly using a website and mobile app to manage your insurance, GEICO is a good option for drivers in Colorado Springs with all types of driving records.

Low Rates Even After Incidents

It’s all well and good to offer discounts for safe drivers, but what happens if you get into an accident? GEICO provides relatively low rates for drivers with spotless and spotty driving records. Known for its cheap rates, the company carefully reviews your policy after a speeding ticket or another typical incident to make sure you maximize savings. Dive deeper into GEICO’s car insurance pricing.

Coverage Made for You

Accidents happen, but you can set your mind at ease with insurance from GEICO to cover you in the event of an incident, whether it’s your fault or not. GEICO provides the following auto insurance coverages in addition to Colorado’s required bodily injury and property damage liability insurance:

• Collision
• Comprehensive
• Medical payments
• Emergency roadside assistance
• Rental reimbursement
• Mechanical breakdown insurance (MBI)
• Mexico auto insurance
• Commercial insurance

Make Yourself at Home

Once you settle down, make sure your home, business, and pets receive the same attention as your cars. GEICO provides a wide range of coverages for insurable properties:

• Property insurance: Homeowners, renters, landlord, mobile home, condo, and flood insurance
• Business insurance: Business owner insurance, workers’ compensation, commercial auto, medical malpractice, general, professional, and cyber insurance
• Miscellaneous insurances: Pet, jewelry, identity protection, travel, overseas, life, and umbrella insurance

Nationwide offers customizable policies from a financially stable insurance provider. The company has over 50 independent agents in or around Colorado Springs to assist policyholders and people searching for the cheapest auto insurance. Nationwide is a great option for people with low credit scores, who spend a lot more on auto insurance premiums than people with good credit.

Good Rates for Bad Credit

Most insurance companies check credit scores, and in Colorado, your credit score will be a factor in your auto insurance rates. Bad credit, which typically means scores below 580, reflects an inability to pay bills on time.³ Nationwide uses payment history, including late payments, length of credit history, and types of credit, to determine car insurance rates. That being said, Nationwide consistently maintains lower rates for drivers with bad credit compared to other companies.

Usage-Based Rates

Nationwide offers a usage-based auto insurance program called SmartMiles that reduces the importance of bad credit. SmartMiles rates consist of two parts: the base rate and the amount you pay per mile. The base rate stays the same regardless of how much you drive (and what your credit score is), while the variable portion changes based on your mileage.⁴

Safe Driving Discounts

Nationwide offers safe driving discounts, including discounts for defensive driver training and tracking your telematics through its SmartRide program. You earn a 10 percent discount when you sign up for SmartRide, then practice safe driving for additional savings in this usage-based insurance program. If you’re a good driver, you can earn $100 off your deductible, up to $500 over five years, for each year you go without an at-fault accident.

Allstate is an affordable option for many drivers, including teen drivers and their parents. Typically, teen drivers have higher auto insurance premiums because they lack driving experience. Allstate’s smart student discount helps ease the burden of auto insurance costs for teen drivers. Plus, Allstate has a wide range of policies, including coverage for motor homes, RVs, and classic cars.

Smart Student Discount

Students under age 25 and their parents benefit from a smart student discount. You qualify if you meet the following criteria:

• You are a full-time student with grades averaging B- or above or a GPA of 2.7 or above.
• You completed Allstate’s smart driving education program.
• You attend school at least 100 miles from your car.

Keeping Your Teens Safe on the Road

Allstate offers several optional coverages that provide a safety net for new drivers:

• Accident forgiveness: if your teen gets into a car accident, Allstate’s accident forgiveness keeps your rates from going up after an accident — even if your teen is the responsible party.
• Rental reimbursement: This coverage helps with a rental if your teen’s car is in the shop after an accident.
• Roadside assistance: Through Allstate’s roadside assistance, your teen driver can access services, including towing, tire changes, and jump starts. Allstate has a network of 24/7 roadside providers dispatched in minutes, which you can track via GPS to ensure help is on its way.