Best and cheapest renters insurance in Colorado

Best renters insurance companies in Colorado

When choosing the best renters insurance company in Colorado, make sure you’re comparing on more than just price. We’ve compared quotes, coverage options and J.D. Power scores from all the major insurers in Colorado. Below is our list of best renters insurance companies in Colorado based on that analysis, with our score out of five. Note that USAA only offers coverage to military families.

Company	Average rating(out of 5)
State Farm	4
Allstate	3.5
Farmers	3.5
USAA	3.5
American Family	2.5

Compare the best renters insurance companies in Colorado

Comparing quotes from multiple insurance carriers is one way to ensure you will get your money’s worth. There can be big differences in price between different renters insurance providers, so it pays to shop around. Ensure you buy from a company offering affordable renters insurance and consistent customer service.

To simplify your task, we have compared the carriers for Colorado residents based on their average rates and ratings from J.D. Power. Among the carriers surveyed, State Farm is the best renters insurance company in Colorado. It earned 844 out of 1000 from J.D. Power and has an average renters insurance rate of $165.

The table below offers a detailed comparison of renters insurance companies in Colorado.

Company	J.D. Power Score	Average Annual Premium	AM Best Ratings
State Farm	844	$165	A++
Allstate	835	$169	A+
USAA	894	$131	A++
Farmers	842	$180	A
American Family	856	$298	A

How much is renters insurance in Colorado

Colorado residents pay an average of $173 a year for renters insurance, and the average monthly cost is $14. That’s for a policy with personal property coverage of $40,000, liability coverage of $100,000, and a deductible of $1,000.

What you pay for renters insurance will not be the same as a neighbor’s price because it depends on factors specific to each person: the property you want to insure, extra coverage options you add, and the deductible amount you choose.

“The number one thing that’s most important is to get good liability. A renter’s policy will default to $100,000 liability,” Josiah Hatch, an insurance pro with Bender Hatch Insurance in Boston, said. “It costs next to nothing to go from $100,000 to $500,000. I want to say it’s probably 10 bucks a year. It’s really cheap to get a lot of extra coverage. I always recommend getting the most liability you can because that’s, at its core, what insurance is all about: the worst-case scenario.”

Average Annual Premium	Average Monthly Premium
$173	$14

Most expensive ZIP codes in Colorado for renters insurance

Several factors affect your renters insurance coverage cost in Colorado, including your location and the coverage you buy. The most expensive ZIP code in Colorado for renters insurance is 80207, where the average annual rate is $199 which is $26 more than the state average insurance premium.

The following table lists the most expensive ZIP codes in Colorado for renters insurance.

ZIP code	Average Annual Rate
80207	$199
80208	$196
80238	$195
80246	$193
80204	$192
80237	$191
80299	$190
80840	$189
80266	$188
80219	$187

Least expensive ZIP codes in Colorado for renters insurance

Renters insurance rates in Colorado are cheaper in some areas. Based on a rate analysis by Insurance.com, the least expensive ZIP code for renters insurance in Colorado is 80454, and its average annual rate is $160.

Below, you’ll find the least expensive ZIP codes for renters insurance, along with their average annual rates.

ZIP code	Average Annual Rate
80454	$160
80453	$161
80433	$162
80026	$163
80740	$164
80758	$165
80721	$166
80836	$167
80825	$168
81024	$169

Compare renters insurance rates by city in Colorado

Renters 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 renters insurance for your specific city in Colorado.

City	Annual insurance premium
Arvada	$169
Aurora	$177
Colorado Springs	$175
Denver	$185
Fort Collins	$170
Greeley	$177
Pueblo	$182

Cheap renters insurance in Colorado by company

There are a lot of companies offering renters insurance in Colorado. Among the carriers surveyed by Insurance.com, USAA is the cheapest renters insurance company in Colorado; its average annual premium is $131.

Renters insurance prices can vary drastically between companies. That’s why it is important to compare rates and see which company offers the best deal to get coverage at an affordable price.

Below are the best cheap renters insurance companies in Colorado and their average annual premiums.

Company Name	Average Annual Premium
USAA	$131
State Farm	$165
Allstate	$169
Farmers	$180
Chubb Ltd	$215
American Family	$298

Methodology

Insurance.com compared renters insurance rates in 2022 provided by Quadrant Data Solutions for $40,000 personal property coverage with a $1,000 deductible and $100,000 liability coverage for all available ZIP codes based on a renter with good credit. Content was updated in 2023.