- Best home insurance companies in Colorado: State Farm
- Cheapest home insurance companies in Colorado: State Farm
- Average home insurance cost in Colorado
- Colorado home insurance rates by ZIP code
- Colorado homeowners insurance rates by county
- Frequently asked questions about Colorado homeowners insurance
- Compare Colorado homeowners insurance rates with other states
Best home insurance companies in Colorado: State Farm
The best home insurance company in Colorado for 2024 is State Farm. American Family, Allstate, Farmers, and Nationwide are among other top home insurance companies in Colorado based on price, NAIC complaints, and AM Best financial ratings.
The total Insurance.com score is calculated out of five using these factors.
| Company | AM Best | NAIC complaint ratio | Insurance.com score | Average annual rate |
|---|---|---|---|---|
| State Farm | A++ | 0.83 | 4.86 | $3,199 |
| American Family | A | 0.80 | 3.95 | $3,484 |
| Allstate | A+ | 1.46 | 3.43 | $3,246 |
| Farmers | A | 0.67 | 3.06 | $4,810 |
| Nationwide | A+ | 1.05 | 3.04 | $5,391 |
Cheapest home insurance companies in Colorado: State Farm
Below are Colorado home insurance rates by company for five different levels of dwelling coverage, each with $300,000 in liability and a $1,000 deductible.
Based on our analysis, State Farm offers the cheapest home insurance at $2,474 per year for $200,000 dwelling coverage and $3,199 per year for $300,000 dwelling coverage. Meanwhile, Allstate is the most affordable option we found for $400,000 and $600,000 dwelling coverage, priced at $3,725 and $4,427 per year respectively. For the highest dwelling coverage of $1,000,000, Allstate is the best choice for most homeowners at $6,110 annually.
| Company | $200,000 | $300,000 | $400,000 | $600,000 | $1,000,000 |
|---|---|---|---|---|---|
| State Farm | $2,474 | $3,199 | $3,910 | $5,706 | $8,673 |
| Allstate | $2,614 | $3,246 | $3,725 | $4,427 | $6,110 |
| American Family | $2,839 | $3,484 | $4,053 | $5,050 | $6,794 |
| USAA* | $2,986 | $3,891 | $4,607 | $5,922 | $8,350 |
| Farmers | $3,729 | $4,810 | $6,059 | $9,327 | $16,255 |
| Nationwide | $3,890 | $5,391 | $6,839 | $9,493 | $14,503 |
Average home insurance cost in Colorado
The average cost of homeowners insurance in Colorado is $4,099 a year or $342 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.
Colorado home insurance rates by ZIP code
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 TexasMost & least expensive ZIP codes for homeowners insurance in Texas
| ZIP code | City | Highest rate |
|---|---|---|
| 77550 | Galveston | $10,164 |
| 77586 | El Lago | $9,906 |
| 77551 | Galveston | $9,536 |
| 77554 | Galveston | $9,358 |
| ZIP code | City | Lowest rate |
|---|---|---|
| 78559 | Iglesia Antigua | $1,956 |
| 78593 | Santa Rosa | $1,999 |
| 79915 | El Paso | $2,008 |
| 79905 | El Paso | $2,009 |
The Colorado Division of Insurance says...
"Homes located in areas now considered higher risk due to changing weather patterns or those with changes in claims history may see premium increases. This adjustment reflects insurers' reassessment of risk in response to environmental changes and historical claims data."
- The Colorado Division of InsuranceThe most expensive ZIP codes in Colorado for home insurance
Colorado homeowners insurance rates are the most expensive for ZIP code 80726 with an average annual cost of $5,877.
The most expensive ZIP codes in Colorado are:
| ZIP code | Average annual rate |
|---|---|
| 80726 | $5,877 |
| 80751 | $5,811 |
| 80722 | $5,794 |
| 81052 | $5,777 |
| 80736 | $5,736 |
| 80741 | $5,726 |
The least expensive ZIP codes in Colorado for home insurance
The cheapest ZIP codes for home insurance in Colorado are:
| ZIP code | Average annual rate |
|---|---|
| 81504 | $2,401 |
| 81503 | $2,415 |
| 81521 | $2,422 |
| 81506 | $2,433 |
| 81505 | $2,442 |
| 81501 | $2,451 |
Colorado homeowners insurance rates by county
Home insurance rates in Colorado vary by county. Take a look at the average rates by county in Colorado below to see how costs compare.
| County | Average annual premium | Average monthly premium |
|---|---|---|
| Adams | $4,622 | $385 |
| Alamosa | $2,968 | $247 |
| Arapahoe | $4,514 | $376 |
| Archuleta | $2,685 | $224 |
| Baca | $5,517 | $460 |
| Bent | $5,446 | $454 |
| Boulder | $4,093 | $341 |
| Broomfield | $4,298 | $358 |
| Chaffee | $3,004 | $250 |
| Cheyenne | $5,544 | $462 |
| Clear Creek | $3,686 | $307 |
| Conejos | $3,001 | $250 |
| Costilla | $3,187 | $266 |
| Crowley | $5,321 | $443 |
| Custer | $4,112 | $343 |
| Delta | $2,608 | $217 |
| Denver | $4,465 | $372 |
| Dolores | $2,642 | $220 |
| Douglas | $4,605 | $384 |
| Eagle | $2,902 | $242 |
| El Paso | $4,971 | $414 |
| Elbert | $5,348 | $446 |
| Fremont | $3,763 | $314 |
| Garfield | $2,784 | $232 |
| Gilpin | $3,854 | $321 |
| Grand | $3,181 | $265 |
| Gunnison | $2,710 | $226 |
| Hinsdale | $2,606 | $217 |
| Huerfano | $4,183 | $349 |
| Jackson | $3,379 | $282 |
| Jefferson | $4,460 | $372 |
| Kiowa | $5,517 | $460 |
| Kit Carson | $5,645 | $470 |
| La Plata | $2,761 | $230 |
| Lake | $3,042 | $254 |
| Larimer | $3,825 | $319 |
| Las Animas | $4,855 | $405 |
| Lincoln | $5,526 | $460 |
| Logan | $5,742 | $478 |
| Mesa | $2,524 | $210 |
| Mineral | $2,646 | $220 |
| Moffat | $2,741 | $228 |
| Montezuma | $2,689 | $224 |
| Montrose | $2,628 | $219 |
| Morgan | $5,542 | $462 |
| Otero | $5,231 | $436 |
| Ouray | $2,661 | $222 |
| Park | $3,670 | $306 |
| Phillips | $5,593 | $466 |
| Pitkin | $3,018 | $252 |
| Prowers | $5,538 | $461 |
| Pueblo | $4,652 | $388 |
| Rio Blanco | $2,692 | $224 |
| Rio Grande | $2,843 | $237 |
| Routt | $2,743 | $229 |
| Saguache | $3,019 | $252 |
| San Juan | $2,707 | $226 |
| San Miguel | $2,755 | $230 |
| Sedgwick | $5,600 | $467 |
| Summit | $3,130 | $261 |
| Teller | $4,370 | $364 |
| Washington | $5,563 | $464 |
| Weld | $4,504 | $375 |
| Yuma | $5,527 | $461 |
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.
Compare Colorado homeowners insurance rates with other states
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