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If you live in a condo, then it is important for you to purchase condo insurance to protect your investment. Some homeowners associations offer insurance, but it is not always the best option. It's better to have your own policy and make sure you are fully protected in case anything happens.

Homeowners association's insurance covers the outside of your building and common areas. But HOA's policy doesn't cover what's inside your condo- like furniture or other personal belongings.

If you are looking for the best condo insurance in Colorado, then this guide is for you. You'll find the list of best condo insurance companies for Colorado condo owners and their average annual rates. You can use this guide to make informed insurance decisions.

Best condo insurance companies in Colorado

In Colorado, you have a lot of options when it comes to finding the best condo insurance company. To make your task easier, our insurance experts have analyzed premiums, coverage offerings, J.D Power score and customer satisfaction rating of all the major insurers across Colorado. Below are the best condo insurance companies in Colorado based on Insurance.com's analysis.

  • USAA
  • State Farm
  • American Family
  • Allstate
  • Nationwide

Compare best condo insurance companies in Colorado

We have compared the insurance providers based on their J.D. Power score and ratings from AM Best to help you find affordable condo insurance in Colorado. Based on the analysis by Insurance.com, USAA tops the list of best condo insurance companies in Colorado. It has earned 882 scores out of 1000 from J.D. Power and an A++ rating from AM Best, which is the highest ratings they offer. Although, USAA offers condo insurance only for members of the military and their families.

State Farm is another option after USAA for condo insurance, it received 835 scores from J.D. Power and an A++ rating from AM Best. Here is a comparison of some of the best condo insurance companies in Colorado:

CompanyJ.D. Power scoreAM Best rating
USAA882A++
State Farm835A++
American Family831A
Allstate829A+
Nationwide812A+
Safeco810A
Liberty Mutual806A
Travelers800A++

Average cost of condo insurance in Colorado

The average cost of condo homeowners insurance in Colorado is $662 a year or $55 a month with $1,000 as deductible, $40,000 as personal property coverage, and liability coverage of $100,000. Your average annual premium will vary depending on your location, the coverage limits you select, and deductible amount among other factors.

Condo insurance covers the interior of the unit, it provides protection against the damage caused by fire, theft, vandalism, natural disasters, and frozen pipes.

To find the most affordable policy for your situation, compare quotes from multiple providers based on the coverage you need.

Average annual premiumAverage monthly premium
$662$55

CONDO INSURANCE CALCULATOR

Average condo insurance rates in COLORADO

$60,000
$1,000
$100,000
80111 - Centennial
Personal Property Coverage $60,000, Deductible $1,000 and Liability $100,000.

AVERAGE RATE: $776

HIGHEST RATE: $2,428 LOWEST RATE: $229
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Most & least expensive zip codes for condo insurance in Colorado

Most Expensive

Zip CodeCityHighest Rate
81023Beulah$880
81069Rye$878
81019Colorado City$869
81004Pueblo$868

Least Expensive

Zip CodeCityLowest Rate
80528Fort Collins$603
80538Loveland$604
80525Fort Collins$610
80526Fort Collins$614

Condo insurance rates by companies in Colorado

The rates for condo insurance by companies in Colorado vary greatly. It is important to shop around and compare quotes to find affordable premiums. To find the best insurance company in Colorado, you should consider price, coverage options, financial stability, and customer satisfaction.

In the table given below, you'll see that major companies in Colorado have different insurance rates for condo insurance, and American Family, Allstate, and Allied Property are the cheapest condo insurance companies for Colorado residents.

CompanyAverage annual premium
American Family$268
Allstate$295
Allied Property$325
Fire Ins Exch$379
Nationwide$380
State Farm$389
Safeco$404
Travelers$419
Liberty Mutual$518
USAA$1,093
Garrison$1,569