Car Insurance Quotes Colorado Springs

Car Insurance Quotes Colorado Springs

Car insurance is required by law for drivers in Colorado Springs, but the cost can vary based on many factors. Understanding the factors that go into determining insurance costs can help residents find affordable coverage that meets their needs. The average cost of car insurance in Colorado Springs is $1,196 for a six-month policy, or $199 per month, which is higher than both the Colorado state average and the national average. However, rates can fluctuate depending on age, driving record, ZIP code, and coverage level.

The average cost of car insurance in Colorado Springs is approximately $199 per month or $1,196 for a six-month policy, exceeding both the average Colorado premium of $1,083 and the national average of $742 for the same coverage period. These higher rates can be because of several factors, including the city’s population density, accident rates, and the cost of living. However, the actual price individuals pay can differ based on their circumstances and coverage choices. USAA is reported to be the cheapest company in Colorado Springs, offering rates as low as $132 per month or $793 for a six-month policy. State Farm’s average is $142 per month or $849 for a six-month policy.

Several factors contribute to the overall cost of car insurance in Colorado Springs. Age is a significant determinant, with teenage drivers typically facing the highest premiums due to their inexperience and higher accident rates. The average cost of a six-month policy for teenagers in Colorado Springs is around $4,152, which translates to approximately $692 per month. drivers between 20 and 40 years of age pay an average of $1,342 every six months. Location within Colorado Springs also plays a role, as different ZIP codes may have varying rates due to factors like crime rates and traffic density. factors influencing premiums include credit score, driving history, and the level of coverage chosen

READ ALSO; Car Insurance Quotes State Farm

How much is car insurance in Colorado Springs?

The average cost of car insurance in Colorado Springs is higher than the national and Colorado state rates; the amount is $1,196 for six-month coverage or $199 per month.

How much is car insurance in Colorado Springs for teenagers?

The price of a six-month policy for teenagers in Colorado Springs is about $4,152, or $692 in monthly premiums. To mitigate the high cost of car insurance for teen drivers, we recommend adding them to their parents’ policies.

Colorado Springs Car insurance coverage

You must buy car insurance and meet minimum coverage requirements if you drive a car in Colorado Springs. All drivers in Colorado Springs are required to have liability and uninsured/underinsured car insurance from an insurance company that is permitted to operate in the state. The following are the minimum coverage requirements:

Minimum required liability coverage:

• $25,000 for Bodily Injury (per person)
• $50,000 for Bodily Injury (per accident—multiple people injured)
• $15,000 for Property Damage (per accident)

Minimum required uninsured/underinsured motorist coverage:

• $25,000 Bodily Injury (per person)
• $50,000 Bodily Injury (per accident—multiple people injured)

getting extra coverage may result in paying a higher monthly premium, but you’ll be better protected in the case of an accident if you choose to add more than the bare minimum.

Average cost of car insurance in Colorado Springs’s largest ZIP codes

The cost of car insurance is based on where you live. You may pay more in some areas of a city because of increased accident or theft rates in those areas. These are the most populated ZIP codes in Colorado Springs, and the average annual cost of car insurance for a 35-year-old driver with good credit and a clean driving record.

ZIP                 Median rate
80918…………$3,098
80916…………$3,568
80920………..$3,100
80906………..$3,266
80909………..$3,208
80911…………$3,446
80923………..$3,351
80910………..$3,514
80917………..$3,305
80922……….$3,325

Colorado Springs car insurance rates by violation

Below, see how different violations and claims will raise your rates in Colorado.

Accident/Violation                                   Avg. 6 Mo. Premium           % Rate Increase        $ Rate Increase
None…………………………………………………….$1,197………………………………….0%……………………………$0
One Med/PIP claim……………………………….$1,202…………………………………0%……………………………$5
Two Med/PIP claims……………………………..$1,227………………………………….3%……………………………$31
Not-at-fault accident……………………………..$1,228………………………………….3%……………………………$31
One comp claim…………………………………….$1,230………………………………….3%……………………………$33
Two comp claims…………………………………..$1,272………………………………….6%……………………………$75
Failure to wear a seat belt……………………….$1,308………………………………….9%…………………………..$111
Failure to show documents…………………….$1,328…………………………………11%……………………………$131
Child safety restraint……………………………..$1,329…………………………………11%…………………………..$132
Driving without lights…………………………….$1,333…………………………………11%…………………………..$136
Driving with expired registration…………….$1,378…………………………………15%…………………………..$182
Texting while driving……………………………..$1,402…………………………………17%…………………………..$206
Cell phone violation……………………………….$1,417………………………………….18%…………………………..$220
Failure to yield………………………………………$1,433………………………………….20%………………………….$237
Illegal turn…………………………………………….$1,433…………………………………20%…………………………..$237
Failure to stop at a red light…………………….$1,433…………………………………20%…………………………..$237
Following too closely………………………………$1,434…………………………………20%………………………….$237
Driving too slowly…………………………………..$1,436…………………………………20%………………………….$239
Improper passing…………………………………..$1,444…………………………………21%…………………………..$247
Speeding 6 – 10 MPH over limit……………….$1,447…………………………………21%…………………………..$251
Speeding 11 – 15 MPH over limit………………$1,451………………………………….21%…………………………..$254
Speeding 16 – 20 MPH over limit……………..$1,451…………………………………21%……………………………$254
Wrong way/wrong lane…………………………..$1,456…………………………………22%…………………………..$259
At-fault accident – less than…………………….$1,458…………………………………22%…………………………..$262
Speeding in school zone………………………….$1,464………………………………..22%……………………………$267
Passing school bus…………………………………$1,485…………………………………24%…………………………..$288
In 65 MPH zone…………………………………….$1,547…………………………………29%…………………………..$351
Operating a vehicle without permission…..$1,550…………………………………30%…………………………..$353
Speeding 21 – 25 MPH over limit…………….$1,577…………………………………32%……………………………$380
Open container……………………………………..$1,641………………………………….37%……………………………$445
At-fault accident – greater than $2000…….$1,761………………………………….47%……………………………$564

finding the right balance between cost and coverage is important for ensuring financial security and peace of mind on the roads of Colorado Springs For additional information, visit this website. 

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