Best renters insurance companies in Colorado

Chubb Ltd, Farmers and State Farm are our 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 third-party ratings. Among the carriers surveyed, Chubb Ltd is the best renters insurance company in Colorado. It earned a score of 5 and has an average renters insurance rate of $180.

In addition to rates, we also got scores and rating from sources like the National Association of Insurance Commissioners (NAIC) and AM Best for 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.

CompanyAverage annual premiumAM BestNAICInsurance.com rating
Chubb Ltd$180A++0.185.00
Farmers$180A0.544.26
State Farm$167A++0.953.87
Allstate$171A+0.903.84
American Family$297A0.373.42
Data updated in 2024
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Cheapest renters insurance in Colorado

State Farm is the cheapest renters insurance company in Colorado based on our rate analysis with an average annual premium of $167.

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 cheapest renters insurance companies in Colorado and their average annual premiums.

Company nameAverage annual premium
State Farm$167
Allstate$171
Chubb Ltd$180
Farmers$180
American Family$297
USAA$145
Data updated in 2024
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How much is renters insurance in Colorado

The average cost of renters insurance in Colorado is $175 a year, and the average monthly cost is $15. 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 may differ from your neighbors 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 premiumAverage monthly premium
$175$15
Data updated in 2024
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Colorado renters insurance: The most expensive ZIP codes

Where you live in Colorado affects how much you pay for renters insurance. The most expensive ZIP code in Colorado for renters insurance is 80207, where the average annual rate is $200 which is $25 more than the state average insurance premium.

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

ZIP codeAverage annual rate
80207$200
80205$198
80208$197
80299$196
80246$195
80239$194
80236$190
80219$189
81003$188
81069$187
Data updated in 2024
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Colorado renters insurance: The least expensive ZIP codes

Based on a rate analysis by Insurance.com, the least expensive ZIP code for renters insurance in Colorado is 80433, and its average annual rate is $163.

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

ZIP codeAverage annual rate
80457$163
80433$163
80454$164
80501$166
80403$167
80206$184
80222$185
80220$188
81025$189
81006$190
Data updated in 2024
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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.

CityAnnual insurance premium
Arvada
$169
Aurora
$177
Colorado Springs
$175
Denver
$185
Fort Collins
$170
Greeley
$177
Pueblo
$182
Data updated in 2024
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Insurance.com compared renters insurance rates 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. To rank the best insurance companies, we gathered AM Best financial stability ratings, where an A++ is the best possible score, and National Association of Insurance Commissioners (NAIC) which provides the best practices for the U.S. insurance industry. These factors were used along with rates to find the best companies overall.

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