- Best condo insurance companies in Colorado
- How much does condo insurance cost in Colorado?
- Condo insurance rates in Colorado by company and coverage level
- Condo insurance rates by company in Colorado
- Compare condo insurance rates by city in Colorado
- Methodology
- Compare Colorado condo insurance rates with other states
Best condo insurance companies in Colorado
Based on our analysis, Chubb Ltd is the best condo insurance company in Colorado among many options. Our insurance experts evaluated pricing and ratings from trusted sources, including the National Association of Insurance Commissioners (NAIC) and AM Best.
Here are the best condo insurance companies in Colorado, based on our research.
| Company | Annual premium | AM Best rating | NAIC | Insurance.com rating |
|---|---|---|---|---|
| Chubb Ltd | $433 | A++ | 0.18 | |
| Farmers | $494 | A | 0.54 | |
| Allstate | $340 | A+ | 0.9 | |
| State Farm | $383 | A++ | 0.95 | |
| Country Financial | $742 | A+ | 0.26 | |
| American Family | $706 | A | 0.37 |
How much does condo insurance cost in Colorado?
The average cost of condo insurance in Colorado is $883 per year, or $74 per month. This is based on a policy with $60,000 in personal property coverage, $300,000 in liability coverage, and a $1,000 deductible. Your actual premium will be higher or lower depending on factors such as your location, selected coverage limits, deductible amount, and other considerations.
To secure the lowest rate, compare quotes from multiple insurance providers and choose the policy that best meets your needs.
| Average annual premium | $883 |
| Average monthly premium | $74 |
Condo insurance rates in Colorado by company and coverage level
Allstate provides the lowest condo insurance rates in Colorado for policies with limits of $60,000 in personal property coverage and $300,000 in liability coverage with a $1,000 deductible.
The second most affordable option is State Farm, with an annual rate of $383. However, your rates will vary based on the coverage level you select.
The table below presents condo insurance rates from top companies at various coverage levels.
| Company | $40,000 contents/$100,000 liability | $40,000 contents/$300,000 liability | $60,000 contents/$100,000 liability | $60,000 contents/$300,000 liability | $80,000 contents/$100,000 liability | $80,000 contents/$300,000 liability | $100,000 contents/$100,000 liability | $100,000 contents/$300,000 liability |
|---|---|---|---|---|---|---|---|---|
| Allstate | $293 | $311 | $322 | $340 | $345 | $363 | $361 | $379 |
| American Family | $601 | $618 | $689 | $706 | $759 | $776 | $820 | $837 |
| Chubb Ltd | $273 | $364 | $342 | $433 | $411 | $502 | $480 | $571 |
| Country Financial | $618 | $628 | $732 | $742 | $847 | $857 | $962 | $972 |
| Farmers | $410 | $425 | $479 | $494 | $548 | $563 | $617 | $632 |
| State Farm | $321 | $333 | $371 | $383 | $411 | $423 | $448 | $460 |
| USAA | $1,305 | $1,305 | $1,432 | $1,432 | $1,544 | $1,544 | $1,641 | $1,641 |
Condo insurance rates by company in Colorado
The most affordable company is Allstate, with State Farm and Chubb ranking as the second and third cheapest. Since condo insurance rates in Colorado vary by company, it is important to compare quotes to find the best deal.
The table below lists the condo insurance rates from major companies in Colorado.
| Company | Average annual rate | Average monthly rate |
|---|---|---|
| Allstate | $340 | $28 |
| State Farm | $383 | $32 |
| Chubb Ltd | $433 | $36 |
| Farmers | $494 | $41 |
| American Family | $706 | $59 |
| Country Financial | $742 | $62 |
| USAA | $1,432 | $119 |
Compare condo insurance rates by city in Colorado
Condo insurance rates in Colorado vary by city, with factors such as weather and crime rates influencing pricing. To find the most affordable and reliable condo insurance in your city, take these factors into account and compare quotes from multiple insurance companies.
City Annual insurance premium
Methodology
Insurance.com compared condo insurance rates provided by Quadrant Information Services across all 50 states and Washington, D.C.
Average condo insurance rates are based on:
- $60,000 in personal property coverage
- $300,000 in liability coverage
- $1,000 deductible
- Good credit
Rates were also fielded at varying personal property and liability coverage levels for comparison.
Compare Colorado condo insurance rates with other states
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