Lafayette, CO Car Insurance

Drivers in Lafayette pay, on average, $58 a month for their car insurance. To learn more about car insurance rates in the Lafayette area, read our guide below.
What rates should residents of Lafayette expect to pay for their car insurance? How does Lafayette stack up to the rest of the area, or even Colorado as a whole? See what factors contribute to determining the average cost in our detailed charts and breakdowns below:  

How much is car insurance in Lafayette?

Area Average Monthly Car Insurance Premium
Lafayette$58
CO$71
United States$80

According to the chart above, the average cost of auto insurance in Colorado is about $13 a month more expensive than it is in Lafayette.

Likewise, car insurance rates in Lafayette are more affordable than the national average. It's about $22 cheaper than the national average to insure your vehicle in Lafayette.

Bear in mind that while these are the average car insurance rates for Lafayette, you could end up paying something different. The monthly rate that insurance companies end up charging you is determined by a variety of factors. Your monthly premium is calculated off of your age, gender, vehicle make and model, driving record, and even your credit score depending on the circumstances.

Don't sweat it however, we've broken down average rates for Lafayette residents so that you can get a more accurate idea of what you might pay. And if you're not sure if you're getting the cheapest rate, simply enter your ZIP Code below to learn more about rates in your area!

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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18Not Enough Data
18-24$97
25-34$48
35-44$49
45-54Not Enough Data
55-64$51
65+$53

It would make sense that older drivers have more driving experience, right? When it comes to auto insurance premiums, that experience pays off. In this case, 18-24-year-olds pay significantly more than someone who is at retirement age.

For every ten years older you get, you can expect to see a drop in your monthly premium. Lafayette drivers may see their rates begin to increase again once they hit retirement age.

Average Car Insurance Rates by Gender

Gender Average
Male$57
Female$59

In general, female drivers pay less for car insurance than their male counterparts. While male drivers actually pay slightly less than female drivers on their monthly auto insurance coverage, the difference in Lafayette is only about $2 per month.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$72
Multiple Accidents$157
1 Ticket$48
Multiple Tickets$92

Depending on your driving record, your rates can vary quite a lot. Drivers who avoid accidents and tickets will pay significantly lower rates than those with infractions. Drivers in Lafayette with a single accident on their record will usually see rates around $72 a month. Similarly, if you have one ticket on your record, you will be looking at an average rate of around $48.

Wherever you live, accidents, tickets, and other driving infractions can cost you some serious cash. In order to keep your monthly bill down and get the cheapest car insurance possible, keep your record clean and drive safely.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$123
2-3 Years$43
4-5 Years$67
6-7 Years$71
8-10 Years$57
11-14 Years$48
15 Years or Older$61

If you look at the first table above, the cheapest vehicles to insure in Lafayette are by and large trucks and vans, at $52 per month.

Car owners will see a monthly rate of about $57, while SUV owners usually pay around $62 a month.

You may also see different rates based on how old your vehicle is. Generally, newer vehicles are going to be the most expensive to insure. However, your rates may start to drop back down once your car is a few years old. In Lafayette, the most expensive vehicles to insure are vehicles less than one year old.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$59
Married$67
Divorced$44
Widowed$39

On average, married policyholders will pay slightly less for auto insurance. This usually boils down to owners having multiple vehicles on the same policy, something many companies offer special discounts for.

The difference in rates based on relationship status in Lafayette can be as much as $8 a month, so it's worth keeping that in mind.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$55
Rent$60
Live with parents$72

Another factor taken into consideration is your living accommodations. If you rent your home or apartment in Lafayette, expect to pay around $5 a month more than if you own your home. Those who live with their parents, however, can expect to pay a good deal more than their counterparts who rent or own.

If you bundle your home or rental insurance and auto insurance policies, you can oftentimes reduce your car insurance costs, depending on your insurance company.

Car Insurance Companies in Lafayette, CO

Recent trends in car insurance for Lafayette drivers

Average rates are constantly changing, so it's a good idea to know the direction your area is trending when choosing when and where to shop.

The cost of auto insurance coverage in Lafayette had been increasing from 2016-2017, before steadying out in 2018. Insurance rates finished up in 2021, at $61 per month

How does Lafayette compare to neighboring areas?

Why are car insurance rates in Lafayette different from other areas?

Car insurance companies will take into account a variety of factors when deciding how much to charge for a policy. The price of your insurance policy will depend largely on where you call home and will be influenced by things such as:

  • Availability of off-street parking
  • Amount of drivers in the community
  • Area crime rates
  • Community laws
  • Road Safety (frequency of car accidents)

While you won't have the ability to change these factors yourself, they can be handy to keep in mind when seeking a new policy or considering a move. Knowing that different towns and cities will all have different rates, guides like these can be a good way to get a lay of the land of your particular neighborhood.

How can I find the cheapest car insurance in Lafayette?

Familiarizing yourself with patterns in the average costs of drivers like you will give you a leg up in conversations with insurance companies. Ultimately, the only way to know exactly what your rate will be is by requesting a quote from those car insurance companies.

Luckily, Compare.com can handle all of this for you. Just punch in your ZIP below, answer a few questions regarding the factors mentioned above, and you'll be quickly comparing the cheapest quotes from numerous car insurance companies providing auto coverage in Lafayette.

Compare the cheapest quotes from dozens of insurance companies

Lafayette Insurance FAQs

What factors affect car insurance quotes in Lafayette?

Auto insurance companies take a wide array of factors into consideration when calculating your monthly payment. These include things like your vehicle's year, make and model, your gender and age, as well as your marital status, credit score, address, and driving record.

Why is the cost of car insurance in Lafayette different from other neighboring cities?

Car insurance companies take local factors into consideration when determining how much to charge for coverage. Things like local laws, crime rates, and parking situations -- which can vary from city to city -- can significantly affect your rate.

Which car insurance company will offer me the cheapest rate in Lafayette?

There isn't one company that can guarantee the cheapest rate to everybody, since the rates they charge for coverage are calculated based off of factors that can vary from person to person, such as vehicle make and model, driving record, and number of drivers on the policy. By using sites like Compare.com to compare multiple quotes simultaneously, you can rest assured that you're getting the best price available.

Do I need to change my insurance if I move to Lafayette?

Any time you experience a major life event, whether it's moving to a new area, getting married, finding a new job, or other notable events, it's always a good idea to re-evaluate your current insurance. Certain companies offer cheaper insurance in certain cities, so even if you were getting the cheapest rate at your old address, it doesn't mean it'll still be the cheapest at your new home. That's why it's always good to use services like Compare.com to compare quotes from dozens of companies side-by-side.

Do I need to wait for my policy to expire to switch to a different car insurance company?

No. In fact, you can swap companies at any point, regardless of how much time is left on your current coverage. So, whether you're moving to Lafayette or just curious about rates in your area, why not take 10 minutes to see if Compare.com can save you money?

Find your best rate in just a few minutes