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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 $173 a year for Colorado residents. It's $78 less than the national average ($251). 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.

Key takeaways

  • Standard renters insurance policy costs an average of $14 per month Colorado.
  • With $160 per year, 80454 is the least expensive ZIP code in Colorado.
  • In Colorado, USAA offers the cheapest renters insurance at $131 annually.
  • USAA is the best renters insurance company based on the Insurance.com research, with a J.D.Power score of 886 out of 1,000.

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:

CompanyAverage rating(out of 5)
USAA5
State Farm3.5
Allstate3.5
Farmers Insurance3

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 (886), its average insurance rate is $131 a year. If you don't qualify for renters insurance coverage from USAA, you can consider buying a policy from State Farm. It has earned 836 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 PremiumAM Best Ratings
Allstate837$169A+
Farmers Insurance831$180A
State Farm836$165A++
USAA886$131A++

How much is renters insurance in Colorado

The average annual premium for renters insurance in Colorado is $173 or $14 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
$173$14

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 $199 annually.

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

ZIP codeAverage Annual Rate
80207$199
80208$196
80238$195
80205$195
80246$193
80239$193
80204$192
80203$192
80210$192
80237$191

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 80454, its average annual rate is $160.

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
80454$160
80453$161
80457$161
80433$162
80425$162
80470$162
80533$162
80026$163
80510$163
80513$163

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, USAA is the cheapest renters insurance company in Colorado, its average annual premium is $131.

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

Company NameAverage 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 $1000 deductible and $100,000 liability coverage for all available ZIP codes. ZIP codes were ranked based on the average rates for personal property coverage of $40,000, liability coverage of $100,000, and a $1,000 deductible and included good credit ratings. Content was updated in 2023.

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