Cheapest Auto Insurance in Loveland, Colorado (2025)

Drivers in Loveland pay $127 per month for car insurance, compared to the state average of $150 and the national average of $144.

Loveland’s affordable car insurance can be partially attributed to its small population. Densely populated cities in Colorado, like Fort Collins and Denver, experience accidents at a higher rate. If you want to save even more on car insurance, take the time to compare car insurance quotes from multiple insurance companies before buying a policy.1

3 of the cheapest car insurance companies in Loveland

The best insurance company depends on your needs, situation, and budget. However, State Farm, USAA, and American Family offer some of the best affordable car insurance for Loveland drivers. Check out the table below to see how they stack up.

Best insurer for affordability: State Farm

Best insurer for active military, veterans, and their families: USAA

Best insurer for high-risk drivers: American Family

How to get the cheapest car insurance in Loveland

Insurers look at various factors to determine car insurance rates, such as age and gender, driving history, vehicle type, and more. The good news is that you have several ways to find the right coverage for the best deal. 

Here’s how to snag the most affordable options for car insurance:

• Shop around. It’s important to compare prices from multiple companies to find the best rates. The Insurance Information Institute recommends gathering and comparing quotes from at least three insurance companies.8 You can also use a comparison tool from an independent insurance agency to obtain multiple quotes simultaneously.

• Keep a clean driving record. Safe drivers pay significantly lower rates than drivers with incidents on their record. If you have a less-than-perfect driving record, taking a defensive driving course is a good idea. It’ll help improve traffic safety knowledge, keep points off your license, and potentially score you a discount.

• Seek discounts. Stacking discounts is a great way to reduce your insurance bill. Visit your insurance company’s website or speak to your insurance agent to see if you qualify for new discounts.

• Bundle insurance products. Save on your car insurance policy by purchasing multiple insurance products from one company, like your home insurance or life insurance policy.

Cheapest liability-only car insurance in Loveland: Progressive

If you’re at fault in an accident, your liability-only car insurance will cover the other party’s medical bills and vehicle repairs. However, it won’t pay for yours. For that, you’ll need full coverage.

Progressive offers the cheapest liability-only policies in Loveland, at $64 per month. The table below illustrates companies that offer liability-only policies with budget-friendly prices.

Cheapest full-coverage car insurance in Loveland: State Farm

While liability-only insurance pays for the other party’s vehicle repairs, full-coverage car insurance also covers your own. Loveland drivers who may benefit from a full-coverage policy include those who drive regularly, owners of classic or new cars, and drivers who can’t afford to pay for damages out of pocket.

Drivers can find the cheapest full-coverage insurance with State Farm, with rates of $91 per month. The table below illustrates other insurance companies with the cheapest full-coverage insurance in Loveland.

Car insurance requirements in Colorado

Colorado is an at-fault state, meaning the at-fault driver must cover the other party’s property repairs and medical expenses. Colorado drivers must carry the following minimum liability coverage:9

Consider including these additional coverage options in your current policy to increase your protection on the road:

Cheapest car insurance for drivers with an incident

Driving incidents refer to at-fault accidents, speeding tickets, DUIs, and other moving violations. Motorists with an incident on their record typically pay higher premiums because insurance companies view them as more likely to engage in risky behavior and cause accidents.

Average cost of car insurance by age

Insurance companies assess risk based on your age. Teen drivers usually pay the highest rates due to their limited driving experience and tendency to engage in risky behavior.

Rates typically drop significantly at age 35 because you have more experience on the road. At 70, drivers may see their insurance premiums rise due to an increased risk of age-related conditions impairing driving. Here are the average rates for drivers in Loveland in each age group.

Loveland car insurance quotes by credit tier

Colorado allows insurance companies to consider your credit history when determining your auto insurance rates. Excellent or good credit typically results in lower insurance rates, while people with poor credit typically pay higher rates.