Get what you need from auto insurance in Colorado Springs
State Farm’s local agents and safe driving discounts are just two of the many reasons we picked it as the best overall cheap auto insurance in Colorado Springs.
USAA has extremely high customer service ratings amongst its clientele, which is strictly limited to U.S. military personnel, veterans, and their families.
In 2020, over 478,000 people called Colorado Springs home. If you’re one of those residents and you own or drive a car, chances are you’ve thought about how to reduce your auto insurance costs. Learn how to get the best cheap auto insurance in Colorado Springs with our helpful guide.
Best Cheap Auto Insurance in Colorado Springs Overall: State Farm
Best Cheap Auto Insurance in Colorado Springs for Active Military and Veterans: USAA
Best Cheap Auto Insurance in Colorado Springs for a Spotty Driving Record: Geico
Best Cheap Auto Insurance in Colorado Springs for Bad Credit: Nationwide
Best Cheap Auto Insurance in Colorado Springs for Teen Drivers: Allstate
|Provider||What it’s best for||J.D. Power customer satisfaction rating (out of 1,000) in Southwest Region1||Discounts available||Average cost of car insurance per year in Colorado Springs||Review|
|State Farm||Overall||848||Bundling, multiple autos, safe driving, good student, accident-free, passive restraint, anti-theft||$1,322||State Farm review|
|USAA||Military and veterans||Not ranked||Safe driving, defensive driving, bundling, low mileage, vehicle storage, good student, auto-pay, multiple autos, new car||$1,229||USAA review|
|GEICO||Spotty driving record||827||Vehicle equipment, driving history, affiliations, multiple autos||$1,796||GEICO review|
|Nationwide||Bad credit||Not ranked||Anti-theft, easy pay, multiple policies, safe driving, low mileage||$2,001||Nationwide review|
|Allstate||Teen drivers||824||Multiple policies, new car, student, safe driving, vehicle equipment, paperless||$2,385||Allstate review|
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.
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.
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:
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.
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.
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.
USAA comes with plenty of membership perks for U.S. military members, veterans, and families:
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.
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.
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:
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:
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.
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.
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
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.
Students under age 25 and their parents benefit from a smart student discount. You qualify if you meet the following criteria:
Allstate offers several optional coverages that provide a safety net for new drivers:
We chose the best cheap auto insurance providers in Colorado Springs using a three-pronged approach.
The average price of full-coverage auto insurance in Colorado Springs is $1,172. This is 12 percent higher than the national average of $1,047.
There are many ways to get cheap insurance rates in Colorado Springs. Make use of discounts by adding multiple cars to your policy, bundling your home and auto policies, or practicing safe driving. If you aren’t happy with your current rate, shop around and get car insurance quotes from multiple providers. Then, compare the average annual rates.
Usage-Based Auto Insurance Takes Center Stage as Satisfaction Flatlines, J.D. Power Finds. J.D. Power. (2022, 13 Jun).
Traffic Safety. Colorado Springs. (2023).
What is considered a bad credit score — and how you can improve your credit. CNBC Select. (2023, Jan 31).
SmartMiles. Nationwide. (2023).
I’m a Minor Driver (Under 21). Colorado Department of Revenue. (2023).