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Best homeowners insurance in Colorado

Colorado has over 104,000 square miles of sweeping beauty, from its snow-capped mountaintops to the thriving metropolis of Denver. However, significant swings in temperature create snow and ice, which can bring flooding. That makes the region also susceptible to avalanches, which can cause catastrophic damages if you are caught in their path. Even the summer can bring treacherous weather, like frequent thunderstorms and even tornadoes. It is one reason why the homeowners insurance Colorado homeowners pay is more than the national average cost.

The average cost of home insurance in Colorado is $3,956 per year for full coverage, compared to the national average home insurance cost of $3,144 per year. This is based on a Colorado home insurance policy with $300,000 dwelling coverage and $300,000 liability with a $1,000 deductible. Given these higher costs, it is important to find the cheapest home insurance for your home.

The cheapest company for home insurance in Colorado is Nationwide, but that is far from your only choice. However, sometimes, the cheapest company is not always the best, so we offer both for your consideration.

These are the best homeowners insurance companies for your Colorado home insurance.

KEY TAKEAWAYS
  • The average cost of Colorado home insurance is $3,956 per year, compared to the national average cost of home insurance, which is $3,144 per year.
  • The cheapest company for Colorado home insurance is Nationwide, which costs $2,153 per year.
  • The most expensive home insurance in Colorado is in Holyoke’s zip code of 80734, which costs an annual average of $4,836 for full coverage. 
  • Residents in Grand Junction’s 81503 zip code pay the cheapest rates at an average of $2,162 per year.

5 Best homeowners insurance companies in Colorado

There is much to consider when choosing the best homeowners insurance companies in Colorado.

To find the best home insurance companies Colorado has to offer, we use the latest rate information provided by an Insurance.com analysis. We also survey real consumers, ranking 15 major carriers by specific customer service metrics. We then use the results to methodically analyze several critical factors, such as available coverage, discounts, and availability. For current ratings, we look to leading industry experts, such as J.D. Power for customer satisfaction and AM Best for financial strength. Our review serves as an independent editorial analysis devoid of any affiliations or paid partnerships, so you can trust the authenticity of each review to help you find the right Colorado home insurance for your family.

Based on our detailed study, these are the best home insurance companies in Colorado.

Safeco: Best for cheap rates

Safeco home insurance costs an average of $2,873 per year, making it one of the cheapest on our list of best Colorado home insurance companies. There are also plenty of ways to save on home insurance, like discounts for home security devices and new homes.

Coverage is great, too, with several options to upgrade the standard policy, like insurance for valuables and art. For their homeowners insurance, Colorado residents are likely to appreciate the optional equipment breakdown coverage. For about $2 a month, this added protection will ensure critical household equipment is functional in the event of mechanical or electrical breakdowns. Also available is the Guaranteed Repair Network, which refers you to pre-qualified experts for estimates and repairs. Safeco even guarantees the work with a material and labor warranty.

The Hartford: Best for seniors

The Hartford partners with AARP to offer special home insurance coverage for senior homeowners. The AARP® Homeowners Insurance Program is an easily customizable policy that is budget-conscious and personalized to your specific needs. It offers an easy home and auto insurance bundle to help lower costs for both policies, with up to 5% off car insurance and a discount of up to 20% off home insurance that homeowners are sure to appreciate. To help costs for home insurance, Colorado AARP members can save money through their membership, earning special savings and credits.

The Hartford home insurance includes full replacement cost coverage if your home is declared a total loss. Your home insurance policy will cover rebuilding costs with generous allowances. Depending on where you live, that could mean up to 150% of your policy limit. The Hartford will also waive home insurance deductibles up to $5,000 for qualifying losses of $27,500 or more.

Nationwide: Best for new homes

Nationwide is the cheapest on our list of best Colorado home insurance companies, with an average cost of $2,153 per year. It is highly ranked for customer service to boot. For example, Nationwide conducts an annual On Your Side® Review to ensure that you have the right coverage at the right price. This review can help make sure you aren’t spending too much on home insurance.

For new homeowners, Nationwide offers a full menu of home insurance coverage. In addition to standard protections, there is the Better Roof Replacement coverage, which rebuilds your roof with top-grade materials, and Brand New Belongings, which replaces your possessions without deducting for depreciation. To round out your Colorado homeowners insurance policy, Nationwide also has available flood insurance and pet insurance.

USAA: Best for military members and family

Year after year, USAA receives the highest ratings for customer satisfaction, but you must be a current or former member of the military or a family member to benefit from membership. Coverage is well-rounded and designed to protect the military community, including coverage for identity theft and uniform replacement for active duty and deployed military. If you happen to Airbnb your home, USAA can help with home-sharing coverage.

USAA is one of the cheapest Colorado homeowners insurance companies with an average premium of $3,442 per year. You can receive an additional discount of up to 10% off your policy when you bundle your home insurance with auto insurance. Other ways to save include discounts for protective devices and a claims-free history.

AIG: Best for floods

Flood insurance is one thing you want in Colorado, and AIG is prepared to deliver with Excess Flood Insurance. This upgraded coverage offers expanded protections for your flood insurance policy and is delivered with your primary flood coverage purchased from AIG or the National Flood Insurance Program, depending on where you live. Insurance for private collections and excess damages are also available.

To help you avoid future disasters, AIG offers proactive loss prevention, which offers analysis for potential property risks and offers preparation for natural disasters. If the unthinkable happens, AIG promises to respond to claims within 24 hours for standard claims and one hour for emergencies. It is likely one reason why AIG receives above-average scores for customer satisfaction from J.D. Power.

Cheapest homeowners insurance companies in Colorado

In considering the best Colorado home insurance companies, we rated companies using the latest rate information and sample coverage with $300,000 dwelling and $300,000 liability with a $1,000 deductible.

Based on price alone, these are the cheapest homeowners insurance companies in Colorado.

Cheapest Homeowners Insurance Companies in Colorado
CompanyAverage Annual Premium
Travelers$2,562
Safeco$2,873
Nationwide$2,153
Farmers$4,433
Nationwide Affinity Co$2,982

Average cost of homeowners insurance in Colorado

In considering the cost of homeowners insurance, there is a pronounced difference between state and national averages. While the national average cost of car insurance is $3,144 per year, the average home insurance policy in Colorado costs $3,956 per year for full coverage and $565 for minimum liability. It makes Colorado home insurance $812 more than the average homeowner in the U.S.

Average Homeowners Insurance Rates in Colorado
Average Annual PremiumMinimum Liability Annual PremiumNational Average Cost
$3,956$565$3,144

Colorado homeowners insurance rates by zip code and city

The cost of home insurance can vary significantly based on where you live. Based on an analysis of Colorado’s neighborhoods, we found the cheapest and most expensive areas for homeowners insurance in Colorado.

Average Homeowners Insurance Rates by Zip Code and City
CityZip CodeAverage Annual PremiumCheapest Annual Premium
Lowest RateGrand Junction81503$2,162$631
Highest RateHolyoke80734$4,836$1,729

Colorado homeowners insurance calculator

To find the cost of home insurance for your Colorado home, use the Insurance.com homeowners insurance calculator for the latest rates based on your zip code.

HOME INSURANCE CALCULATOR

Average home insurance rates in CALIFORNIA

$200,000
$1,000
$100,000
94404 - Foster City
Dwelling $200,000, Deductible $1,000 and Liability $100,000.

AVERAGE RATE: $669

HIGHEST RATE: $1,029 LOWEST RATE: $443
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Most & least expensive zip codes for homeowners insurance in California

Most Expensive

Zip CodeCityHighest Rate
92561Mountain Center$1,031
90210Beverly Hills$1,029
90069Los Angeles$1,020
90046Los Angeles$1,011

Least Expensive

Zip CodeCityLowest Rate
93445Oceano$606
93117Goleta$607
93111Goleta$610
93433Grover Beach$615

Homeowners insurance rates in Colorado by company

Home insurance rates can vary significantly based on the company you choose. Shopping and comparing options for home insurance can help you find the right coverage at the best price.

Average Homeowners Insurance Rates by Company
CompanyAverage annual premium
Nationwide$2,153
Travelers$2,562
Safeco$2,873
Allied Property & Casualty$2,976
Nationwide Affinity Co$2,982

Homeowners insurance rates in Colorado by coverage level

Another factor that can impact the price of your home insurance in Colorado is the amount of coverage that you buy. In looking at the best home insurance companies in Colorado, we consider average prices based on several different coverage levels.

Average Homeowners Insurance Rates by Coverage Level
Dwelling CoverageLiability CoverageDeductibleAverage Annual PremiumCheapest Average Annual Premium
$200,000$100,000$1,000$2,942$431
$200,000$300,000$1,000$2,958$444
$300,000$100,000$1,000$3,936$547
$300,000$300,000$1,000$3.956$565
$400,000$100,000$1,000$4,911$676

Homeowners insurance discounts in Colorado

Home-auto bundle discounts in Colorado

Another way to save money on your home insurance is to purchase multiple policies from the same insurance provider. For example, when you bundle your home and auto insurance, you can save big with discounts on both policies.

Homeowners Insurance Discounts in Colorado
Average Annual PremiumAverage Annual Premium with BundleAverage Dollar DifferenceAverage Percent Difference
$3,273$2,693-$580-17%

Frequently asked questions about Colorado homeowners insurance

How much is homeowners insurance in Colorado?

The average cost of homeowners insurance in Colorado costs $3,956 per year for full coverage and $565 for minimum coverage. This is $812 more than the national average cost of car insurance, which costs $3,144 per year.

What are the best home insurance companies in Colorado?

Our picks for the best homeowners insurance in Colorado include The Hartford, USAA, Nationwide, AIG, and Safeco. However, the best company for you may be different based on factors like where you live and the coverage you choose.

How do I buy flood insurance for my Colorado home insurance?

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).

Sources:

understand the regional and local climates of Colorado

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