Compare Lakewood, CO Car Insurance Rates (2021)

The cheapest Lakewood, CO car insurance is offered by Liberty Mutual, but rates will vary by driver. Lakewood car insurance must meet the Colorado state minimum requirements of 25/50/15 in liability coverage. $5,000 in medical payment coverage and 25/50 uninsured/underinsured motorist coverage is also required, but drivers can opt-out if they choose.

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A former insurance producer, Laura understands that education is key when it comes to buying insurance. She has happily dedicated many hours to helping her clients understand how the insurance marketplace works so they can find the best car, home, and life insurance products for their needs.

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Aug 12, 2021

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Here's what you need to know...

  • Liberty Mutual has the cheapest average Lakewood, CO car insurance
  • Lakewood is part of the larger Denver area, bringing more traffic and higher car insurance rates
  • Drivers in Lakewood, CO can opt-out of medical payment and uninsured/underinsured motorist coverages if they want

Lakewood, CO car insurance rates are some of the highest in the state. Colorado car insurance is already higher than the national average, and Lakewood is even higher than that.

However, you can still find affordable Lakewood, CO car insurance if you know where to look. Shop around and compare different companies to find the cheapest coverage for you.

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:

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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.

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Enter your ZIP code now to compare Lakewood, CO car insurance quotes today.

What is the cheapest car insurance company in Lakewood, CO?

The company that offers the cheapest car insurance based on average rates in Lakewood, CO is Liberty Mutual.

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.

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These are the top Lakewood, CO car insurance companies listed from least to most expensive:

  • Liberty Mutual – $3,093.81
  • GEICO – $3,205.94
  • USAA – $3,229.00
  • State Farm – $3,373.65
  • Nationwide – $4,078.26
  • American Family – $4,157.52
  • Progressive – $4,533.18
  • Farmers – $5,830.34
  • Allstate – $6,070.40

There are many different factors that affect your car insurance rates, such as age, gender, and driving record. Insurance companies use these and many more factors to determine how much of a risk you are to insure.

Where you live can also increase your rates. Larger cities with more traffic and crime will pay higher car insurance rates. For example, Colorado Springs car insurance rates are similar to Lakewood but less than Denver, a much larger city

The CO weather can also raise your rates. Icy roads and severe weather can lead to more accidents, causing auto insurance rates to be high.

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.

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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:

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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.

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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.

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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.

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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.

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What car insurance coverage is required in Lakewood, CO?

Drivers in Lakewood must meet the Colorado car insurance requirements. The minimum auto insurance needed in CO is:

  • $25,000 per person and $50,000 per incident for bodily injury liability
  • $15,000 per incident for property damage
  • $5,000 in medical payments (MedPay) coverage
  • $25,000 per person and $50,000 per incident for uninsured/underinsured motorist coverage

Drivers can opt-out of MedPay and uninsured/underinsured motorist coverage if they would like.

However, the minimum coverages required are already very low. If a serious accident should occur, you will exhaust these limits very quickly. Then you will be left to pay out of pocket for any additional damages.

Lakewood drivers should consider increasing limits and adding additional coverages if they are able.

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What affects car insurance rates in Lakewood, CO?

Traffic can cause your car insurance rates to rise. More cars on the road equal a higher chance of being in an accident. As a part of the larger Denver area, Lakewood, CO has its fair share of traffic.

Although INRIX doesn’t have data for Lakewood, it does rank neighboring Denver as the 21st most congested city in the U.S.

City-Data reports that most drivers commute around 25 minutes. Many drivers commute an hour or more.

Theft can also increase your car insurance rates. Areas with higher crime and theft rates will see much higher auto insurance rates. According to the FBI, there were 1,193 motor vehicle thefts in Lakewood in one year.

Lakewood, CO Car Insurance: The Bottom Line

Lakewood, CO car insurance is more expensive than the state and national averages. Although Liberty Mutual offers the cheapest average rates, factors like your age, ZIP code, and driving record will determine who has the best rates for you.

Before you buy Lakewood, CO car insurance, shop around to make sure you are getting the best deal. Compare multiple companies to find the one that best suits your needs.

Enter your ZIP code now to compare Lakewood, CO car insurance quotes today.

Free Car Insurance Comparison

Enter your ZIP code below to view companies that have cheap car insurance rates.

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Monthly Lakewood, CO Car Insurance Rates by ZIP Code
Lakewood, CO Car Insurance Rates vs. Top US Metro Car Insurance Rates
Lakewood, CO Car Insurance Rates by Company vs. City Average
Lakewood, CO Car Insurance Rates by Company and Age
The Cheapest Lakewood, CO Car Insurance Rates by Coverage Level
The Cheapest Lakewood, CO Car Insurance Rates by Credit Score
The Cheapest Lakewood, CO Car Insurance Rates by Driving Record
Factors Affecting Car Insurance Rates in Lakewood, CO
Average Monthly Car Insurance Rates by Age & Gender in Lakewood, CO
Monthly Lakewood, CO Car Insurance Rates by ZIP Code
Lakewood, CO Car Insurance Rates vs. Top US Metro Car Insurance Rates
Lakewood, CO Car Insurance Rates by Company vs. City Average
Lakewood, CO Car Insurance Rates by Company and Age
The Cheapest Lakewood, CO Car Insurance Rates by Coverage Level
The Cheapest Lakewood, CO Car Insurance Rates by Credit Score
The Cheapest Lakewood, CO Car Insurance Rates by Driving Record
Factors Affecting Car Insurance Rates in Lakewood, CO
Average Monthly Car Insurance Rates by Age & Gender in Lakewood, CO