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Colorado Homeowners Insurance

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How much is homeowners insurance in Colorado? The average cost of Colorado homeowners insurance is said to be from $2400-$3200 a year. That doesn’t mean you can’t find cheaper rates. Get your free quote now.

Is Homeowners Insurance required by law in Colorado?

By law, Colorado does not require a homeowner to have homeowners insurance. However, if you are financing your home, they WILL require you to have coverage if you want to get approved for the mortgage loan. Plus, without homeowners insurance, you are setting yourself up for potential financial loss that could be thousands, or even hundreds of thousands of dollars.

Cheapest Colorado Homeowners Insurance (By company and City)

An insurance company might seem cheap in Denver, but could possibly be much more expensive in Colorado Springs, and vice-versa.

This is because individual cities play a huge role in how much your homeowners insurance in Colorado will be. Weather conditions, climate, and even crime rates will factor into your Colorado homeowners insurance policy, as well as things like the cost of labor and building materials in that city.

Below, we listed some cities in Colorado and which insurance company is typically the most affordable. However, that does not mean it’s the cheapest for YOU. For homeowners insurance in Colorado Springs, for example, we often find clients very affordable rates with Progressive ASI, Travelers, and Foremost Star.

If you want to be sure you are not overpaying on your homeowners insurance in Colorado, then the best thing to do is get on the phone with an agent and have them do some quotes for you. It might take about 20 minutes, but it could be worth it if they are able to save you a couple hundred dollars this year.

Even if your city is not listed here, we can still get you affordable rates.

City Home Insurance Company
FrederickUSAA
ArvadaAllstate
RedlandsLiberty Mutual
DenverProgressive
LafayetteFarmers
Cherry CreekFarmers
EdwardsTravelers
Grand JunctionLiberty Mutual
Dakota RidgeAllstate
CraigLiberty Mutual
Greenwood VillageProgressive (ASI)
BoulderTravelers
Cañon CityProgressive (ASI)
Wheat RidgeTravelers
StonegateNationWide
FountainFarmers
FruitaAllstate
Fort MorganProgressive
CentennialTravelers
LongmontTravelers
WellingtonLiberty Mutual
ThorntonUSAA
MontroseAmerican Family
Ken CarylUSAA
GoldenProgressive (ASI)
Cimarron HillsAllstate
Steamboat SpringsState Farm
RifleTravelers
ColumbineChub
ErieProgressive (ASI)
Highlands RanchFarmers
JohnstownLiberty Mutual
NorthglennNationWide
Commerce CityLiberty Mutual
PuebloAllstate
AuroraTravelers
EvansState Farm
Glenwood SpringsLiberty Mutual
Colorado SpringsLiberty Mutual
SterlingLiberty Mutual
The PineryProgressive
EvergreenAmica
DeltaUSAA
LovelandAmica
BerkleyUSAA
Security-WidefieldTravelers
BrightonFarmers
Roxborough ParkAmica
Pueblo WestProgressive
DurangoProgressive (ASI)
Black ForestTravelers
ParkerProgressive (ASI)
LittletonProgressive
LakewoodAllstate
Fort CarsonProgressive (ASI)
AlamosaProgressive
Federal HeightsLiberty Mutual
WestminsterAmerican Family
EnglewoodTravelers
FirestoneAllstate
Fort CollinsFarmers
SuperiorUSAA
WoodmoorState Farm

Rating Factors For Colorado Homeowners Insurance

There is a very long list of factors that home insurance companies will look at in order to set your specific premium.

Some of the most impactful rating factors for your homeowners insurance in Colorado are completely out of your control, such as the home’s location and how much it costs to rebuild your house.

A huge factor that is actually up to you as the homeowner to set, is the deductibles you set. The lower the deductibles, the lower your policy will cost you.

Here are some of the rating factors that are considered when applying for homeowners coverage. These factors will determine how your premium is curated for your homeowners insurance.

Homeowners Insurance In Colorado: Rating Factors
Swimming pool or hot tub
Marital status
Home liability limits
Age of Home
Credit history
Insurance score
Location
Wood-burning stoves
Value of home Replacement cost
Roof condition
Protection Class Proximity to fire station
Claims
Home-based business

What are the most common insurance claims for Colorado Homeowners insurance?

Colorado ranks quite high in the country when it comes to catastrophe related claims such as wildfires and blizzards. Did you know that in Colorado Springs and Denver, 9 months of the year have significant snowfall? That can definitely take a toll on one’s roof. Make sure you are covered, so that Colorado weather doesn’t wreak havoc on your wallet.

Most Common Causes for Homeowners Loss and Claims (nationwide)

Here are the most common causes that will create loss and the need to file a claim on your homeowners insurance plan. You will be glad you had a Colorado homeowners insurance policy.

Common Homeowners Insurance Claim Causes
Wind
Hail
Lightning
Theft
Fire
Power surge
Injuries
Vandalism
Loss of Use
Other Weather related
Water Damage

Best Colorado Homeowners Insurance by Company

To be rated high by AM Best is very important and shows the financial stability of the company. If an homeowners insurance company receives a high rating by them, it shows that they are reliable and can actually pay out claims.

We all like to be covered by reputable and reliable companies. Especially when it comes to our homes, below you will find the top companies that can give you peace of mind.

Homeowners Insurance CompanyAM Best:
Company Rating
CompanyAM Best
TravelersA++
MetLifeA-
American InternationalA-
NationwideA
Auto-Owners InsuranceA
AllstateA+
ChubbA
Farmers InsuranceA
Hartford FinancialA+
Liberty MutualA
American FamilyA
State FarmA++
USAAA++
ProgressiveA+
We are proud to offer Progressive ASI, an AM BEST A+ company, for our Colorado homeowners insurance shoppers.

Discounts available for Colorado Homeowners Insurance

While some discounts are more difficult to qualify for, there are a shocking amount of discounts that are EASY and available to EVERYONE searching for cheap Colorado homeowners insurance.

Both EFT and paperless discounts can easily be applied to your policy and save you some serious money. Ask your agent to see what other discounts you could get for homeowners insurance in Colorado.

Here are some ways that you can receive discounts on your homeowners policy. These are great ways to save some money while still having great coverage.

Discount Opportunities You Could Be Missing Out On
Claims Free
Non-smoking discount
Loyalty
Gated comunity
Married discount
Paid in full
EFT
Auto water shut off or leak detection
Upgraded plumbing
Home monitoring / Bruglar
Upgraded roof

Average Cost for Homeowners Insurance in Colorado (by city)

Want to know the average cost for Colorado homeowners insurance in the city your home is in?

Here’s a list of the average cost of homeowners insurance in your area.

City In ColoradoAverage Yearly Cost
CityPrice
Firestone$1,296.00
Edwards$1,321.00
Centennial$1,345.00
Fountain$1,365.00
Craig$1,290.00
Johnstown$1,246.00
Cherry Creek$1,107.00
The Pinery$1,202.00
Roxborough Park$1,120.00
Clifton$1,253.00
Redlands$1,101.00
Gunbarrel$1,178.00
Lafayette$1,268.00
Brighton$1,360.00
Pueblo West$1,267.00
Lone Tree$1,156.00
Loveland$1,309.00
Columbine$1,416.00
Aurora$1,353.00
Alamosa$1,359.00
Durango$1,106.00
Denver$1,363.00
Cimarron Hills$1,375.00
Woodmoor$1,139.00
Wellington$1,203.00
Englewood$1,389.00
Windsor$1,174.00
Highlands Ranch$1,325.00
Commerce City$1,260.00
Stonegate$1,409.00
Fruita$1,251.00
Derby$1,397.00
Boulder$1,176.00
Frederick$1,245.00
Security-Widefield$1,344.00
Fort Collins$1,215.00
Cañon City$1,420.00
Ken Caryl$1,183.00
Westminster$1,236.00
Fort Morgan$1,390.00
Grand Junction$1,302.00
Steamboat Springs$1,167.00
Sterling$1,349.00
Longmont$1,312.00
Pueblo$1,249.00

Which companies offer Homeowners Insurance in Colorado?

Now, where to look for home insurance in Colorado? It can be a huge hassle to call around from company to company if many of them don’t sell homeowners insurance.

So we did the work for you.

Having choices is always a great option to have. Below are the companies that offer homeowners insurance in Colorado.

Insurance CompanyHomeowners Offered?
USAAyes
MetLife Inc.yes
Chubbyes
Hartfordyes
Auto-Ownersyes
Nationwideyes
State Farmyes
Liberty Mutualyes
Travelersyes
Farmers Insuranceyes
Allstate Corp.yes
American Familyyes
Progressiveyes
American Internationalyes
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Last Updated on by Shawn Christie