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.

Best home insurance in Colorado
CompanyAM BestNAIC complaint ratioInsurance.com scoreAverage annual rate
State FarmA++0.834.86$3,199
American FamilyA0.803.95$3,484
AllstateA+1.463.43$3,246
FarmersA0.673.06$4,810
NationwideA+1.053.04$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.

Cheapest home insurance in Colorado
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 Florida
$200,000
$200,000 $300,000 $400,000 $600,000 $1,000,000
$100,000
$100,000 $300,000
Standard ($1000)
Standard ($1000) Hurricane (2% of insured value)

Most & least expensive ZIP codes for homeowners insurance in Florida

Most expensive

ZIP CodeCityHighest Rate
33012Hialeah$3,816
33016Hialeah$3,813
33018Hialeah$3,797
33013Hialeah$3,788

Least expensive

ZIP CodeCityLowest Rate
34609Spring Hill$1,110
34613Brookridge$1,114
34604Brooksville$1,116
34601Brooksville$1,132
Data refreshed as of Apr 2024

The 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 codeAverage 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 codeAverage annual rate
81504$2,401
81503$2,415
81521$2,422
81506$2,433
81505$2,442
81501$2,451

Compare homeowners insurance rates by city in Colorado

Home insurance rates vary significantly across cities, influenced by various factors, including weather patterns, crime rates, and property values. You must consider these factors and compare quotes from different insurers to get the best deal on home insurance for your specific city in Colorado.

CityAnnual insurance premium
Arvada
$2,839
Aurora
$3,118
Colorado Springs
$2,988
Denver
$3,175
Fort Collins
$2,291
Greeley
$3,095
Pueblo
$3,583

Home insurance FAQs

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.

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