Lafayette, CO Car Insurance

What should residents of Lafayette expect to pay for their car insurance? Are rates in Lafayette higher or lower than those in neighboring areas? How do they compare to the rest of Colorado? Find the average cost breakdowns and determining factors in the charts and writeups below:

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How much is car insurance in Lafayette?

Compared to the rest of the Colorado, coverage in Lafayette is about $13 a month cheaper.

When viewed against the average rates for the rest of the U.S., auto insurance coverage in Lafayette is rather affordable. The average monthly payment in Lafayette is about $22 cheaper than the rate for the rest of the U.S.

Keep in mind that while these are the average car insurance rates for Lafayette, it isn't guaranteed that it's what you'll pay. There are numerous factors taken into consideration by insurance companies when deciding the rate you'll pay to get car insurance. Things like gender, vehicle make and model, driving record, age and, in some areas, credit score can all affect your monthly premium.

We've broken down average rates for Lafayette to help you understand what your policy's monthly premium will cost. And if you're not certain that you're paying the lowest option, simply enter your ZIP below and find out in just minutes!

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Average Car Insurance Rates by Age

More time behind the wheel makes you a more experienced driver. When it comes to auto insurance rates, that experience can help put some change back into your pocket. As you can see, 18-24-year-olds pay a lot more than drivers 65 and older.

For every 10 years, you can expect to see a drop in your monthly premium. Drivers in Lafayette may see their rates creep back up once they hit retirement.

Average Car Insurance Rates by Gender

Car insurance rates for women are generally cheaper than they are for men. While female drivers pay slightly less than male drivers on their monthly premiums, the difference in Lafayette is only about $2 a month.

Average Auto Insurance Rates by Driving Record

Depending on your driving record, your rates can vary wildly. A clean driving record will obviously get you a lower rate than one with accidents or infractions. In Lafayette, having a single accident on your record will usually get you rates around $71 a month. In addition, drivers with one ticket can expect to pay around $56 a month on average.

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

According to the first table above, the cheapest vehicles to insure in Lafayette are usually trucks and vans, at $50 per month.

Cars and SUV, on the other hand, usually cost about $61 for auto insurance.

Your rates can also vary depending on your vehicle's age. Generally, newer vehicles are going to be the most expensive to insure. Once your car is close to 5 years old, however, you may see your rates begin to drop back down. In Lafayette, the most expensive vehicles to insure are vehicles less than one year old.

Average Car Insurance Rates by Relationship Status

Generally speaking, married policyholders will pay slightly less to insure their car. This oftentimes is a result of owning multiple vehicles that are on the same policy, something that will often get you a discount.

On a national scale, married drivers typically pay less than single drivers for auto insurance. Lafayette is no exception, with the difference totaling to around $6 a month.

Average Car Insurance Rates by Housing Situation

Another factor taken into consideration is your housing situation. Those who own their own home in Lafayette can expect to pay around $4 a month less than those who rent. But if you live with your parents, you can expect to pay a lot more.

Bundling your home or rental insurance and auto insurance policies 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.

Auto insurance rates in Lafayette declined from 2017-2018, before leveling out in 2019. They finished down in 2022, at $49 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 they're choosing how much to charge for a policy. Where you live will also have a significant impact on your personal policy. This may include things like:

• Regional regulations
• Number of drivers in the area
• Crime levels
• Road Safety (frequency of car accidents)
• Off-street parking availability

An awareness of these factors is important when thinking about buying a new policy or potentially moving to a new home. Get started with a guide like this to get familiar with the average rates of your area.

How can I find the cheapest car insurance in Lafayette?

While getting familiar with what the average costs are for drivers like you can be helpful as you get an idea of what you might pay, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.

But wait! Compare.com will handle the heavy lifting for you. Just type in your ZIP Code below, respond to a few questions, and you'll be comparing the cheapest quotes from dozens of car insurance companies offering policies in Lafayette.

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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 age and gender, as well as your driving record, credit score, address, and marital status.

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

Auto insurance companies consider regional factors, such as local laws, parking situations, and crime rates into account when calculating the monthly rate for coverage. Since these can all vary from city to city the rates you may see can differ from neighboring areas.

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

No one insurance company is guaranteed to offer the cheapest rate across the board. Since companies base their rates on factors that differ from person to person, such as driving record, number of drivers on the policy, vehicle make and model, and many more, it's a good idea to use sites like Compare.com to compare multiple quotes at once.

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

Whenever you move to a new area, or experience any other major life event such as getting married or finding a new job, it's always a good idea to re-evaluate your current insurance policy. Certain companies may offer larger discounts in certain cities, so it's a smart idea 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. You can switch companies at any time, regardless of how long is left on your current policy. So, if you've recently moved to Lafayette or it's been a while since you last compared car insurance rates, you may want to take 10 minutes and see if Compare.com can save you money.