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If you rent a home or apartment, then it is important that you have the right renters insurance to protect your personal property and its contents. Renters insurance covers damage caused by smoke or fire, vandalism, theft, a windstorm, and other disasters.

Renters insurance costs an average of $272 a year for Colorado residents. It's $54 less than the national average ($326). However, rates vary based on the zip code, property you want to insure, coverage you choose, among other factors.

If you are in search of the best renters insurance in Colorado, then this guide is for you. We have compared major insurance carriers and their average annual premiums for Colorado residents. Read on to know more about the insurance companies that have the best renters insurance policies, insurers that provide cheap renters insurance costs, and the least and most expensive zip codes for renters insurance in Colorado.

Best renters insurance companies in Colorado

When it comes to choosing the best renters insurance company in Colorado, you want to make sure that you are comparing apples to apples. Our experts at Insurance.com have compared quotes, coverage options and J.D Power score from all the major insurers in Colorado. Below is the list of best renters insurance companies in Colorado:

  • USAA
  • State Farm
  • American Family
  • Nationwide
  • Allstate

Compare best renters insurance companies in Colorado

USAA is one of the best renters insurance companies in Colorado with the highest J.D. Power score (893), its average insurance rate is $277 a year. However, USAA only offers insurance coverage to military members, veterans, and their family members. If you don't qualify for renters insurance coverage from USAA, you can consider buying a policy from State Farm. It has earned 866 scores out of 1000 from J.D Power.

You may want to take a look at what each plan offers, and which providers offer excellent customer service. The most important thing is to compare quotes from all the options available before making a final decision.

Find below the list of best renters insurance providers and their average annual insurance rates.

CompanyJ.D. Power scoreAverage annual rate
USAA893$277
State Farm866$210
American Family838$322
Nationwide834$232
Allstate833$237
Farmers831$217
Liberty Mutual823$686
Travelers815$226

How much is renters insurance in Colorado

The average annual premium for renters insurance in Colorado is $272 or $23 a month. However, this amount may vary by location and the amount of coverage you choose.

Based on an analysis by Insurance.com, the recommended coverage level for renters insurance is $40,000 for personal property, with a $1,000 deductible and $100,000 of liability protection.

Average annual premiumAverage monthly premium
$272$23

10 Most expensive zip codes in Colorado for renters insurance

If you are a renter in Colorado, it's important to know that your renters insurance premium may vary depending on the zip code you live in. The most expensive zip code for renters insurance in Colorado is 80207, its average rate is $338 annually.

Here are the 10 most expensive zip codes in Colorado for renters insurance-

ZIP codeAverage annual rate
80207$338
80203$337
80205$336
80204$335
80218$334
80202$333
80210$331
80211$330
80216$329
80206$328

10 Least expensive zip codes in Colorado for renters insurance

Insurance companies take into account several factors including your zip code when deciding premiums for your standard renters insurance policy. The least expensive zip code for renters insurance in Colorado is 81024, its average annual rate is $252.

We have gathered price quotes from major insurance companies across all the zip codes and prepared a list of the 10 least expensive zip codes in Colorado for renters insurance.

ZIP codeAverage annual rate
81024$252
81020$254
81027$255
80501$256
80026$257
80503$258
80454$259
80027$260
80304$261
80301$262

Cheap renters insurance in Colorado by carrier

One of the best ways to save money on renters insurance is to get quotes from several different companies to find out who offers the cheapest Colorado renters insurance. Among the carriers surveyed, Nationwide is the cheapest renters insurance company in Colorado, its average annual premium is $153.

Find below the list of best cheap renters insurance companies in Colorado and their average annual premium.

Company nameAverage annual premium
Nationwide$153
Allied$159
Farmers$190
Travelers$199
State Farm$201
Allstate$212
Fire Ins Exch$215
USAA$240
Garrison$250
American Family$299
Safeco$313
Liberty$546