Best Lakewood, Colorado Auto Insurance in 2024

Lakewood, CO auto insurance rates are $83 cheaper than the Colorado average and $139 more affordable than the national average.

You can save on Lakewood, Colorado auto insurance by shopping around, comparing rates, and looking for discounts, and we can help. Below you’ll find information on how to get cheap auto insurance in Fort Collins for every age, credit history, and driving record.

Monthly Lakewood, CO Car Insurance Rates by ZIP Code

ZIP codes will play a major role in your car insurance rates because factors like crime and traffic are calculated by ZIP code. Check out the monthly Lakewood, Colorado auto insurance rates by ZIP Code below:

Lakewood, CO Car Insurance Rates vs. Top US Metro Car Insurance Rates

You might find yourself asking how does my Lakewood, Colorado stack up against other top US metro areas’ auto insurance rates? We’ve got your answer below.

Are you ready to find affordable Lakewood, CO auto insurance? Enter your ZIP code in the free comparison tool above to compare multiple companies in your area.

What is the cheapest Lakewood, CO auto insurance company?

The cheapest auto insurance company in Lakewood, based on average rates, is Liberty Mutual.

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Which Lakewood, CO car insurance company has the best rates? And how do those rates compare against the average Colorado car insurance company rates? We’ve got the answers below.

The best auto insurance companies in Lakewood, CO, ranked from cheapest to most expensive are:

• Liberty Mutual – $3,094
• Geico – $3,206
• USAA – $3,229
• State Farm – $3,374
• Nationwide – $4,078
• American Family – $4,158
• Progressive – $4,533
• Farmers – $5,830
• Allstate – $6,070

Geico, Liberty Mutual, State Farm, and Liberty Mutual are cheaper than the Lakewood auto insurance average. Nationwide, American Family, Progressive, Farmers, and Allstate are more expensive, but discounts can help cut prices.

What are the minimum auto insurance requirements in Lakewood, CO?

All Lakewood drivers have to meet the Colorado state law minimum requirements for car insurance.

In Colorado, you have to carry at least:

• $25,000 for bodily injury or death of one person per accident
• $50,000 for bodily injury or death of multiple people per accident
• $15,000 for property damage per accident

Colorado is an at-fault state. Therefore, an at-fault driver is required to use their insurance policy to cover the no-fault driver’s bodily injury and property damage.

Lakewood, CO car insurance rates by company and age is an essential comparison because the top car insurance company for one age group may not be the best company for another age group.

Read More: Cheapest Teen Driver Auto Insurance in Colorado

Your coverage level will play a major role in your Lakewood car insurance rates. Find the cheapest Lakewood, CO car insurance rates by coverage level below:

Your credit score will play a significant role in your Lakewood car insurance rates unless you live in these states where discrimination based on credit is not allowed: California, Hawaii, and Massachusetts. Find the cheapest Lakewood, CO car insurance rates by credit score below.

Your driving record will play a major role in your Lakewood car insurance rates. For example, other factors aside, a Lakewood, CO DUI may increase your car insurance rates 40 to 50 percent. Find the cheapest Lakewood, CO car insurance rates by driving record.

Factors affecting car insurance rates in Lakewood, CO may include your commute, coverage level, tickets, DUIs, and credit. Controlling these factors will help you maintain cheap Lakewood, Colorado car insurance.

These states are no longer using gender to calculate your car insurance rates — Hawaii, Massachusetts, Michigan, Montana, North Carolina, and Pennsylvania. But age is still a major factor because young drivers are often considered high-risk. CO does use gender, so check out the average monthly car insurance rates by age and gender in Lakewood, CO.

What other factors impact Lakewood, CO auto insurance premiums?

There are a lot of factors that determine Lakewood, CO auto insurance quotes. The subsections below explore some of the most significant factors for car insurance customers.

How does location affect Lakewood, CO auto insurance?

Yes, it can. Auto insurance companies can even determine the cost by ZIP code. For example, the cheapest ZIP code in Lakewood is 80215 ($3,792/yr), and the most expensive ZIP code is 80227 ($3,956/yr).

What about the city? Let’s compare Lakewood to another city in Colorado.

• Lakewood, CO auto insurance average – $3,793/yr
• Fort Collins, CO auto insurance average – $3,084/yr

Fort Collins auto insurance is over $700 cheaper than Lakewood, but anyone can save money on car insurance through discounts and certain factors. Let’s continue.

How does your driving history affect Lakewood, CO auto insurance?

Another significant factor is your driving history. A clean driving record can save at least 20% on Lakewood, CO car insurance rates.

Safer drivers usually don’t have infractions on their driving records. Therefore, you can save hundreds of dollars per year.

Can your credit score impact your Lakewood, CO auto insurance?

If you have good credit, you can stack your discounts and secure affordable Lakewood, CO car insurance. Shopping with a top Lakewood, CO car insurance company will likely come with credit-based insurance.

Anyone with fair or poor credit should focus on discounts to slash expensive costs.

Do age, gender, and marital status affect auto insurance in Lakewood, CO?

Age and gender correlate to the overall driving experience and risk. Single and young male drivers statistically take more risks than female drivers.

Meanwhile, married drivers over 34 years old (regardless of gender) take less risk and are statistically safer drivers.

Can commute time and traffic data affect Lakewood, CO auto insurance?

How much you travel during your policy is also a factor. The more you travel, the more you’ll pay for coverage. But how likely is that?

We didn’t find any traffic data on INRIX or Numbeo, but traffic congestion can increase your commute time to and from work.

According to City-Data, the average commute time in Lakewood, CO is 28 minutes, which is three minutes slower than the national average. This factor in Lakewood could generate a slight increase in commute-based insurance.

The more time you spend on the road, the more you’ll pay for auto insurance.

Can vehicle theft impact Lakewood, CO auto insurance?

The 2019 FBI statistics did not mention any data on Lakewood. However, Neighborhood Scout reported over 7,400 property crimes in the city.

It’s not clear how many of these were vehicle thefts, but Lakewood’s property crime rate is more than double compared to the national average.

Higher rates of property crimes can increase your comprehensive auto insurance. If you raise your deductible, you may be able to lower the prices.

Lakewood, CO Auto Insurance: What’s the bottom line?

With the right Lakewood, Colorado car insurance company, you can save at least $600 per year.

Whenever you get a quote, review it carefully to see what discounts are applied. If there aren’t any discounts, try shopping around until you find a policy within your budget.

Before you buy auto insurance in Lakewood, CO, be sure you’ve checked rates with multiple companies. Enter your ZIP code below to get fast, free auto insurance quotes.