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How much does renters insurance cost in Colorado? $169
  • National yearly average: $188
  • Colorado yearly average: $169

Most people who are buying renters insurance for the first time are surprised by how affordable it is. For less than a dollar a day, you can ensure that personal belongings are covered and that you are protected from personal liability losses

You can be certain that you are getting the best rate for your renters insurance coverage by comparing a few quotes before making a purchase. Independent insurance agents make comparison shopping easy.

Do I need renters insurance in Colorado?

Unlike car insurance, renters insurance is not required by law. In many cases, however, landlords will require their tenants to have this insurance as one of the terms of their lease.

Whether or not your landlord requires it, having this coverage is a good idea. Renters insurance is very affordable and is a small price to pay for the peace of mind it can give you when you know that your property and your finances are protected.

What does renters insurance cover in Colorado?

If you are like many renters, you may feel that this insurance isn’t really necessary. However, if there is a fire in your apartment building or if a tornado rolls through and causes massive destruction, you risk losing all of your personal property.

If you add up the value of all your personal belongings, you may be surprised by how much they are worth. Renters insurance can cover everything from your clothing to your electronics to your cookware.

But renters insurance does more than just cover your property. Let’s look at what a policy can do for you:

Pay to repair or replace your belongings

  • If your property is lost or damaged due to a covered event, your policy can help. Example: Someone breaks into your apartment and steals your laptop computer, television, and jewelry.

Pay for someone else's injuries or property damage when it's your fault

  • This is called personal liability insurance and it can cover you, your children, and your pets. This coverage includes legal fees, court costs, and damages. Example: While playing tag football in the park, you accidentally cause someone to suffer a severe injury that requires surgery and physical therapy and they sue you.

Pay for temporary living expenses when your home is damagedand 

  • If the home you are renting is rendered uninhabitable, your renters insurance can cover temporary housing and miscellaneous expenses until you can return home. Example: The building your apartment is in is severely damaged by fire, and you must stay in a hotel until fire and smoke remediation work can be completed. 
Will my landlord cover any loss or damage?

Your landlord's responsibility is to have insurance to cover the structure of the building as well as any contents that are included with the home. If the landlord provided appliances and a lawnmower, then loss or damage to these items is your landlord’s responsibility, not yours.

Your landlord is under no obligation to pay for loss or damage to your personal property and does not need to cover your temporary housing costs if your home is uninhabitable after a disaster.

This is why many landlords require their tenants to have renters insurance.

How can I find the best renters insurance in Colorado?

If you are searching for the best renters insurance policy to meet your coverage and budgetary needs, you can start by looking for an independent insurance agent in your area. 

Independent agents aren't locked into offering coverage from just one carrier, so they are free to work with and request customized quotes from many different providers. That way you can compare policy offerings and rates before making a purchase.

There are currently 252 independent insurance agents located in Colorado. Find an agent near you to learn more.

Information More Insurance Options in Your State


Denver, CO Renters Insurance

About 51.7% of all homes in Denver are occupied by renters. On average, renters in this city pay $1,825 per month for their housing. The most expensive neighborhoods are Congress Park and Cherry Creek, and the least expensive are Barnum and Westwood.

One of the biggest risks faced by renters in this city is theft. Although the burglary rate in Colorado is lower than the national average, it is higher in Denver. There are more than 4,500 burglaries reported in this city every year.  Fortunately, if you are the victim of a property crime, you can turn to your renters insurance for compensation. You will need a copy of the police report when you file a claim.

Find an independent insurance agent in or near Denver for help finding the best renters insurance policy to cover your belongings.

Colorado Springs, CO Renters Insurance

In Colorado Springs, 42.9% of all homes are renter-occupied. On average, landlords in Colorado Springs charge $1,514 per month for rent. The most expensive rents can be found in the Wolf Ranch and Kettle Creek neighborhoods. The least expensive rentals are in Pikes Peak Park and Knob Hill.

One of the biggest risks faced by residents of Colorado Springs is damage caused by flooding. Be aware that flood damage is not covered by renters insurance. If your rental home is on the ground floor or is otherwise at risk for flood damage, you can get an affordable contents-only flood insurance policy to supplement your renters insurance. 

Learn more about your renters insurance and flood insurance options by talking to an independent insurance agent in Colorado Springs.

Aurora, CO Renters Insurance

Approximately 43.3% of all residential properties in Aurora are renter-occupied. With an average monthly rent of $1,913, Aurora is one of the most expensive cities in Colorado for renters. The most expensive rentals are in the Tollgate Crossing and Beacon Point neighborhoods, while the least expensive can be found in North Aurora and Highland Park. 

One of the risks that renters in Aurora face is damage caused by tornadoes. Tornado activity in Aurora is 39% higher than the national rate. One of the worst tornadoes in this area was an F3 twister that touched down less than 7 miles from the Aurora city center in 1988. It caused more than $5 million in property damage. Renters insurance can cover your property if it is damaged by a tornado or other severe weather event.

A local independent insurance agent can help you find a competitively priced renters insurance policy that will cover you against tornadoes and the other risks you face as a renter in Aurora.

Fort Collins, CO Renters Insurance

In Fort Collins, 48.6% of all homes are renter-occupied. On average, landlords in Fort Collins charge their tenants $1,615 per month for rent. The most expensive neighborhoods to rent in are Alta Vista and Brightwater Crossing. The least expensive rentals can be found in Westgate and Spring Canyon.

As a renter in Fort Collins, one of the biggest risks you face is damage caused by wildfires. Colorado has one of the highest rates of wildfires in the US, and residences in Fort Collins are at risk. One of the worst wildfires in the area was the High Park Fire of 2012, which was started by lightning and destroyed about 250 homes. If your belongings are damaged in a fire, renters insurance can cover your losses.

Learn more about what renters insurance can do for you by talking with an independent insurance agent in Fort Collins.

Lakewood, CO Landlord Insurance

An estimated 42.7% of all residential properties in Lakewood are renter-occupied. With an average monthly rent of $1,893, Lakewood is one of the more costly Colorado cities in which to live. The most expensive rentals are in the Belmar Park and Jefferson Gardens neighborhoods, while the least expensive can be found in Sun Valley and Kendrick Lake

Renters in Lakewood have a fairly high risk of burglary. With about 900 burglaries reported in this city every year, the property crime rate exceeds the national average. Fortunately, your renters insurance has you covered. If your property is lost or damaged due to property crimes in the area, you can file a claim with your renters insurance company to receive compensation for your losses.

An independent insurance agent in Lakewood can help you find a competitively priced renters insurance policy that will cover you against the various risks you face as a renter in Lakewood.