USAA is the best homeowners insurance company in Colorado, based on a 2023 analysis by Insurance.com, with an overall rating of 4.95. State Farm is the best home insurance company in Arizona for non-military homeowners, with an overall rating of 4.24.
USAA offers the cheapest home insurance in Colorado for all coverage levels, while State Farm has the lowest rates for non-military homeowners.
With so many options out there, it is not easy to choose a homeowners insurance company in Colorado. You need a reliable company that will provide you with quality service at an affordable price. If this is what you're looking for, then keep on reading this guide.
Key takeaways
- The average cost of homeowners insurance in Colorado is $3,388 a year or $282 a month.
- The cheapest homeowners insurance company in Colorado is USAA with an average home insurance rate of $2,568 a year. For non-military homeowners, State Farm is the cheapest.
- USAA ranks as the best homeowners insurance in Colorado for 2023, while State Farm is best for non-military homeowners.
Average home insurance cost in Colorado
The average cost of homeowners insurance in Colorado is $3,388 a year or $282 a month. This is based on coverage of:
- $300,000 dwelling
- $300,000 liability
- $1,000 deductible.
However, the average annual premium varies by the insurance company, your ZIP code, coverage type, and your home's age, among other factors. It’s a good idea to compare price quotes from different Colorado homeowners insurance companies to get the best deal.
Best home insurance companies in Colorado
The best home insurance company in Colorado for 2023 is USAA, followed by State Farm and American Family.
Below is a full list of the top Colorado insurance companies based on price, NAIC complaints, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.
| Insurance company | AM Best | Average annual rate | NAIC Complaint ratio | Insurance.com score |
|---|---|---|---|---|
| USAA | A++ | $2,568 | 0.41 | 4.95 |
| State Farm | A++ | $3,006 | 1.07 | 4.24 |
| American Family | A | $3,154 | 0.6 | 4.13 |
| Allstate | A+ | $3,052 | 2.04 | 3.47 |
| Nationwide | A+ | $4,303 | 0.75 | 3.4 |
| Farmers | A | $4,605 | 0.33 | 3.3 |
*USAA only provides coverage to military members, veterans, and their families.
Cheapest home insurance companies in Colorado
Below are Colorado home insurance rates by company for six different levels of dwelling coverage, each with $300,000 in liability and a $1,000 deductible. Based on our rate analysis, you’ll see USAA has the most affordable rates in every category, but for non-military homeowners, State Farm is a close second.
| Company | $200,000 | $300,000 | $400,000 | $500,000 | $600,000 |
|---|---|---|---|---|---|
| USAA | $2,002 | $2,568 | $3,023 | $3,444 | $3,846 |
| State Farm | $2,325 | $3,006 | $3,674 | $4,525 | $5,010 |
| Allstate | $2,483 | $3,052 | $3,470 | $3,797 | $3,998 |
| American Family | $2,564 | $3,154 | $3,677 | $4,156 | $4,595 |
| Nationwide | $3,122 | $4,303 | $5,444 | $5,442 | $5,923 |
| Farmers | $3,569 | $4,605 | $5,140 | $5,974 | $6,499 |
Colorado home insurance rates by ZIP code and city
Home insurance rates vary widely depending on where the home is located. We compared home insurance rates by ZIP code in Colorado to see which areas are the most and least expensive.
Enter your ZIP code and desired coverage level in the search box to see the average home insurance rate for that area. You will also see the highest and lowest premiums from major home insurers. This will give you an idea of how much you can save by comparing home insurance rates. The difference between the highest rate and the lowest rate is how much you could save by shopping around.
HOME INSURANCE CALCULATOR
Average home insurance rates in CALIFORNIA
AVERAGE RATE: $797
Most & least expensive zip codes for homeowners insurance in California
Most Expensive
| Zip Code | City | Highest Rate |
|---|---|---|
| 92325 | Crestline | $1,450 |
| 92391 | Twin Peaks | $1,426 |
| 92321 | Cedar Glen | $1,425 |
| 92352 | Lake Arrowhead | $1,423 |
Least Expensive
| Zip Code | City | Lowest Rate |
|---|---|---|
| 94086 | Sunnyvale | $742 |
| 94085 | Sunnyvale | $743 |
| 94087 | Sunnyvale | $743 |
| 95051 | Santa Clara | $743 |
The most expensive ZIP codes in Colorado for home insurance
Colorado homeowners insurance rates are the most expensive for ZIP code 80731 with an average annual cost of $5,159.
The most expensive ZIP codes in Colorado are:
| ZIP code | Average annual rates |
|---|---|
| 80731 | $5,159 |
| 80726 | $5,023 |
| 80746 | $4,826 |
| 80802 | $4,826 |
| 80807 | $4,805 |
| 80805 | $4,781 |
The least expensive ZIP codes in Colorado for home insurance
The cheapest ZIP codes for home insurance in Colorado are:
| ZIP code | Average annual rates |
|---|---|
| 81503 | $1,881 |
| 81504 | $1,886 |
| 81521 | $1,893 |
| 81506 | $1,910 |
| 81505 | $1,928 |
| 81501 | $1,945 |
Frequently asked questions about Colorado homeowners insurance
How do I buy flood insurance in Colorado?
Flood insurance may be available directly from your insurance provider. If not, you can purchase a separate policy from the National Flood Insurance Program (NFIP).
Why is homeowners insurance going up in Colorado?
Homeowners insurance rates in Colorado are rising due to both inflation and the increasing risk of wildfires. Shopping around is the best way to save.
