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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. 

Key Takeaways

  • Full-coverage car insurance in Colorado Springs costs an average of $2,349 per year, higher than the nationwide average of $1,895.
  • The cheapest car insurance company for a full-coverage policy in Colorado Springs is USAA, at $132 monthly.
  • Car insurance rates in Colorado Springs are roughly in line with those of other large cities across the U.S. 

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

CompanyAverage annual rates for state minimum Average annual rates for 50/100/50 liability onlyAverage annual rates for full coverage
USAA$339$492$1,586
Geico$267$438$1,608
State Farm$510$705$2,049
Kemper Insurance$476$707$2,187
Southern Farm Bureau$297$560$2,238
Auto-Owners$438$709$2,732
Allstate$867$1,268$2,998
Progressive$450$811$3,185
Farmers$945$2,030$3,941

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

Company Average monthly rates for state minimum Average monthly rates for 50/100/50 liability onlyAverage monthly rates for full coverage
USAA$28$41$132
Geico$22$37$134
State Farm$42$59$171
Kemper Insurance$40$59$182
Southern Farm Bureau$25$47$187
Auto-Owners$36$59$228
Allstate$72$106$250
Progressive$38$68$265
Farmers$79$169$328

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

City Average monthly premiums
Albuquerque$186
Atlanta$206
Austin$161
Bakersfield$206
Chicago$161
Colorado Springs$196
Dallas$190
Fresno$199
Houston$193
Kansas City$180
Long Beach$223
Los Angeles$262
Mesa$165
Miami$279
Milwaukee$168
Minneapolis$182
New York$217
Oakland$234
Omaha$162
Philadelphia$232
Phoenix$188
Raleigh$142
Sacramento$222
San Antonio$182
San Diego$194
San Jose$200
Tampa$261
Tucson$157
Tulsa$195
Virginia Beach$121
Wichita$166

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

State minimum coverage in Colorado SpringsAnnual full coverage rates in Colorado Springs
$510$2,349

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.

Violation typeRate increase percentage
At-fault accident48%
Bad credit107%
DUI75%
Speeding43%

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

AgeState minimum coverageFull coverage
18$1,779$5,208
25$631$3,074
40$510$2,349
65$516$2,285

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 

ZIP codeAverage annual rate
80912$2,241
80938$2,249
80919$2,266
80939$2,281
80946$2,284
80926$2,293
80930$2,297

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

ZIP codeAverage annual rate
80910$2,473
80922$2,460
80916$2,454
80909$2,453
80920$2,426
80917$2,416

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.

expert

What our expert says

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

expert-image
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

Sources:

Colorado General Assembly. “Mandatory Automobile Insurance in Colorado.” Accessed February  2024.

Colorado Springs Olympic City USA.. “About Colorado Springs.” Accessed February  2024.

CoPilot. “Cities That Lose the Most Time in Rush Hour Traffic.” Accessed February  2024.

Hertz. “Colorado driving guide.” Accessed February  2024.

INRIX. “Colorado Springs CO.” Accessed February  2024.

United States Census Bureau. “QuickFacts: Colorado Springs city, Colorado.” Accessed February 2024.

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.

author image
Chris Kissell
Contributing Researcher

 
  

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.

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