Find the Best Homeowners Insurance Rates & Companies in Colorado

If you are looking for a great homeowners insurance policy in Colorado, you will find you have a lot of providers from which to choose. Comparison shopping lets you find the policy that offers the coverage you want at the most competitive price.

Independent insurance agents make comparison shopping easy. These agents have established relationships with many top-rated insurance companies in Colorado, so they can provide you with a selection of customized Colorado home insurance policies and quotes that you can review and compare together.

Contact an independent insurance agent near you to arrange an obligation-free consultation.

The Best Homeowners Insurance Companies in Colorado

There is no particular insurance company that is the best choice for every homeowner in Colorado. Independent insurance agents understand this. That is why they work with a variety of the area’s top-rated insurance providers, including companies like:

  • Progressive: The convenience of state-of-the-art online services and an award-winning mobile app make this insurance company a top choice for Colorado residents.
  • Nationwide: Enjoy worry-free claims, customized coverage, and quality customer service when you purchase a home insurance policy through Nationwide.
  • Travelers: Since 1963, Travelers has provided its customers with reliable coverage through its full line of insurance products.
  • Safeco: Safeco has been providing personal insurance coverage since 1923. Talk to an independent agent to learn more about how this Liberty Mutual subsidiary can protect your home and property.
  • Foremost: Foremost has coverage options many other insurance providers may not offer. Enjoy A Better Insurance Experience® when you work with Foremost.
  • Central Insurance Companies: Central has been providing security, protection, and peace of mind to its policyholders since 1876.
  • PURE: PURE is a member-owned insurer that provides home insurance policies exclusively for high-net-worth individuals who own homes valued at $1 million or more.

Begin your search for the best home insurance company in Colorado by talking to a local independent insurance agent. These agents can help you find the insurance provider that offers the best value for your money.

What Homeowners Insurance in Colorado Can Cover

If you own a house in the Centennial State, a good homeowners insurance policy can protect your finances and the investment you have made in your property. Colorado home insurance provides six types of coverage:

  • Dwelling insurance (Coverage A): This covers damage to the structure of your home.
  • Other structures insurance (Coverage B): This covers damage to structures on your property, like fences, sheds, and detached garages.
  • Contents insurance (Coverage C): This covers loss or damage to your personal property.
  • Loss of use insurance (Coverage D): This covers your extra living expenses if a covered event like a tornado or wildfire renders your home unsafe for habitation.
  • Homeowners liability insurance (Coverage E): This covers expenses related to personal liability lawsuits against you or someone in your household.
  • Medical payments insurance (Coverage F): This can cover third-party medical expenses if someone is injured on your property, regardless of legal liability.

Independent insurance agents in Colorado can explain each coverage type in great detail and help you determine how much coverage is sufficient in each category.

What Homeowners Insurance in Colorado Does Not Cover

Colorado homeowners insurance provides you with a wide range of coverage, but it doesn’t cover everything. For instance, you should not expect your policy to pay for things like:

  • Damage to your vehicle
  • Damage caused by insects or animals
  • Remediation of mold, rot, or rust
  • Loss or damage resulting from acts of terrorism
  • Damage caused by floods

You should also be aware that although your policy may provide a bit of coverage for the following, it will generally be somewhat limited:

  • Business property and equipment if you run a business out of your home
  • Collectibles and valuables like fine art, heirlooms, and jewelry
  • Recreational vehicles like snowmobiles, ATVs, boats, and personal watercraft

To ensure that all of your property is fully covered, you can purchase supplemental policies or special home insurance policy endorsements.  A local independent insurance agent can help.

What Homeowners Should Know about Flood Damage in Colorado

As mentioned above, homeowners insurance policies in Colorado do not cover damage caused by floods. Unfortunately, more than 150,000 properties in this state have a significant risk of sustaining flood damage over the next thirty years. That is nearly 10% of all homes and businesses.

If your house is among those at risk, you can opt to supplement your home coverage with flood insurance. Affordable policies are available through the National Flood Insurance Program in NFIP-participating communities. Otherwise, you can purchase coverage through a commercial provider.

If your home is located in a flood zone and you still own on a mortgage or a home equity loan, your lender will require you to maintain flood insurance coverage. Otherwise, this coverage is optional. When deciding whether a policy is worth the cost to you, it is worth noting that the average compensation per flood claim in Colorado is $26,200.

Average Cost of Homeowners Insurance in Colorado

While homeowners in the US pay an average of $1,211 a year for home insurance, the average cost of homeowners insurance in Colorado is higher at $1,495 a year.

Of course, this is just an average rate. Your actual costs may be significantly higher or lower than this amount because insurance companies calculate their costs individually based on factors like your home’s rebuild value; the crime rate and weather risks in your neighborhood; your insurance claims history; and the amount of coverage you wish to purchase.

Consult a local independent insurance agent to find out how much a home insurance policy will cost you. Your agent can present you with a variety of customized quotes from some of the best homeowners insurance companies in Colorado.

How well do Colorado's cities measure up to the national average?

National average burglary rate 3.76 per 1,000 people

National average home value $269,000

National average home insurance cost $1,428 year

CityAnnual insurance costAvg. home valueBurglaries (per 1k residents)
Castle Rock$1,153$422,1001.59
Colorado Springs$801$269,8005.76
Commerce City$907$320,1004.16
Fort Collins$1,022$367,9002.74
Grand Junction$718$215,5705.97
Wheat Ridge$1,110$383,9006.50

Popular Questions about Colorado Home Insurance

On average, Colorado homeowners insurance costs around $125 a month, which is higher than the national figure of $101 a month. To find out how much it will cost to cover your Colorado home, you can request customized quotes from a few insurance companies, or you can ask an independent insurance agent to obtain policies and quotes on your behalf.

Homeowners in Colorado are not required by law to cover their property. However, if you currently carry a mortgage or a home equity loan, your lender will want to be sure that your collateral is protected. You will therefore be required to maintain coverage for the duration of your loan. Once you own your house outright, coverage is optional but highly recommended.

When compared to the national average, the cost of homeowners insurance is relatively high in Colorado. One of the main reasons is the high home values in many of the cities in this picturesque state. Smaller houses with lower rebuild values will cost significantly less to insure.

In Colorado, insurance companies calculate your cost for homeowners insurance according to several factors, such as:

  • Information about your house, like its age, size, and rebuild value
  • Your various policy limits
  • Your claims history and credit score
  • Historical natural disasters in your city
  • The crime rate in your neighborhood

Every insurance company uses a different method to calculate rates. Therefore, comparison shopping can prove beneficial. A local independent agent can help you find the best and most affordable policy. 

When shopping for Colorado home insurance, you may be able to save money if you qualify for any offered home insurance discounts. Some discount opportunities you may encounter include rate reductions for:

  • Having multiple policies through the same insurance carrier
  • Getting a new, upgraded roof put on your house
  • Installing theft deterrents like home security systems and upgraded locks in your home 

Independent insurance agents in Colorado can help you be certain you are receiving any offered homeowners insurance discounts for which you qualify.

Residents of Colorado may face hazards that can lead to loss or damage to their homes and property. The five most reported losses made by homeowners in Colorado are as follows:

  • Damage caused by wildfires and residential fires
  • Flooding and water damage
  • Severe storms and lightning damage
  • Damage caused by heavy snow and ice accumulation
  • Loss or damage caused by burglary and other property crimes

A local independent agent can help you be certain you are suitably covered against all the risks you may face as a homeowner in Colorado.

Homeowners insurance is designed to cover:

  • Loss or damage to your house and property
  • Extra living expenses if a covered event renders your house unsafe for habitation
  • Protection against liability lawsuits

Talk to an independent insurance agent in Colorado to learn more about the ways that your homeowners insurance policy can protect your finances and for help finding the best and most affordable policy. 

When it comes to homeowners insurance, the best company for your neighbor is not necessarily the best company for you. It is important to look at a variety of policies and customized quotes before you make a selection. That is why independent insurance agents have developed partnerships with many of the best insurance companies in Colorado, including:

Contact an independent insurance agent near you to start comparing customized Colorado homeowners insurance quotes so you can easily find the insurance company that is best suited to meet your coverage and budgetary needs.

If you're looking for homeowners coverage, an independent agent can save you time and money by doing the comparison-shopping legwork for you. There are more than 250 independent insurance agencies in Colorado, so it should be easy to find an agent near you. Talk to a local independent insurance agent for advice, guidance, and assistance with finding a great policy at a competitive price.

Do you know what your home insurance covers in Colorado?

Average Cost of Home Insurance Near You

Average monthly cost of Aurora, CO home insurance: $117

Homeowners insurance should be personalized and designed around your unique living situation.

Common homeowners claim in Aurora, CO: Burst and frozen pipes 

Winter in Colorado can be treacherous. It can cause damage to roadways and properties, and freezing temperatures can impact your home's plumbing system. But you won't have to deal with the financial stress of frozen pipes and water when you have comprehensive homeowners insurance.

Average monthly cost of Colorado Springs, CO home insurance: $163

Your home insurance could be less or more, depending on factors like the size of your house, your credit score, your house's construction materials, the crime in your area, etc.

Common homeowners claim in Colorado Springs, CO: Physical damage

Physical damage to your property can happen in a number of ways — all when you least expect it. A burglar can break a window, an intense snowfall can damage your roof, or a strong summer storm can cause lightning damage.

Average monthly cost of Denver, CO home insurance: $176

The safety of your neighborhood is an important factor in calculating the cost of your homeowners insurance. The property crime rate in Denver is higher than the national average, which could increase your premium.

Common homeowners claim in Denver, CO: Theft or burglary

Living in a metropolitan area means you're more prone to experiencing a home invasion or burglary. That's why you need proper protection if a thief damages property like windows and doors or steals your personal items like electronics and jewelry.

Average cost of Fort Collins, CO home insurance: $104

Your home's age, location, building materials, and proximity to a fire station will determine how much you pay for insurance. That means your rate could be somewhere around this average, so keep it in mind when you're comparing home insurance quotes.

Common homeowners claim in Fort Collins, CO: Theft or burglary 

Home to Colorado State University, Fort Collins has a big population and its own unique risks that homeowners must protect themselves against. One of the most common threats is home theft and burglary. Make sure that your homeowners policy covers against damaged property and stolen items just in case.

Average monthly cost of Lakewood, CO home insurance: $117

Take this average with a grain of salt. Your insurance will be customized and tailored to your unique risks and a number of unique factors.

Common homeowners claim in Lakewood, CO: Wind and hail damage

Personal property owners in Colorado can easily experience the unfortunate aftermath of a winter storm. An unexpected hailstorm can bring high winds and damage to windows, roofs, and siding. Your insurance should compensate you for this type of damage so you can make repairs quickly.

Average monthly cost of Thornton, CO home insurance: $180

Do you know how home insurance should be calculated? Contrary to popular belief, your home insurance isn't based on average risks and rates.

Common homeowners claim in Thornton, CO: Physical damage

Anything that causes damage to your home's exterior or interior is considered property damage. This includes an accidental fire, unexpected winter storm, or break-in.