Our guide to home insurance in Colorado can help you find the best home and flood insurance companies in your area, learn about the average cost of coverage in your town or city, prepare for Colorado’s wildfire season, and more.
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Average cost of home insurance in Colorado
The average cost of home insurance in Colorado is $2,322 per year, but according to our Policygenius Home Insurance Pricing Report, rates have gotten even more expensive. We found that policyholders who renewed their home insurance in 2023 saw an average rate increase of 30% from the year before.
While already expensive, home insurance rates are likely to continue going up due to inflation-driven increases to the cost of building materials (which makes it more expensive to repair damaged homes), as well as the increase in wildfires.
Learn more >> Average cost of home insurance in Colorado
Best home insurance in Colorado
The best home insurance companies in Colorado are State Farm, American Family, Farmers, Nationwide, and Allstate. Your best home insurance company depends on whether you’re looking for low rates, quality customer service, customizable coverage, or a mix of everything.
Company | Best for … | Average annual cost | Policygenius rating | |
|---|---|---|---|---|
Personalized customer service | $2,457 | 4.8 out of 5 | ||
High-quality and affordable coverage | $2,176 | 4.5 out of 5 | ||
Discounts and policy perks | $3,510 | 4.5 out of 5 | ||
Comprehensive wildfire protection | $3,048 | 4.5 out of 5 | ||
Short-term rental coverage | $2,687 | 4.4 out of 5 |
Learn more >> Best home insurance companies in Colorado in 2024
Methodology & why you can trust our rates
Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:
Dwelling: $300,000
Other structures: $30,000
Personal property: $150,000
Loss of use: $60,000
Liability: $300,000
Medical: $1,000
All rates based on the above coverage limits except where otherwise noted.
Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.
Cheapest home insurance in Colorado
The cheapest homeowners insurance company in Colorado is State Auto, followed by Auto-Owners Insurance and Chubb. If you’re having trouble finding affordable home insurance, consider bundling your home and auto insurance, paying your premiums all at once, and storm-proofing your home’s shutters, roof, and windows.
Company | Average annual cost | Policygenius rating | |
|---|---|---|---|
$309 | 4.9 out of 5 | ||
$1,260 | 5 out of 5 | ||
$1,895 | 4.4 out of 5 | ||
$1,901 | N/A | ||
$2,101 | 4.3 out of 5 | ||
$2,176 | 4.5 out of 5 | ||
$2,286 | 4.9 out of 5 |
Learn more >> Cheapest home insurance companies in Colorado in 2024
Colorado home insurance rates by city
Grand Junction has the cheapest homeowners insurance rates in Colorado (among its 20 largest cities). Home insurance in Grand Junction costs about 46% less than average in Colorado.
City | Average annual cost | |
|---|---|---|
Arvada | $2,854 | |
Aurora | $2,963 | |
Boulder | $2,396 | |
Broomfield | $2,489 | |
Castle Rock | $2,799 | |
Centennial | $3,024 | |
$2,984 | ||
Commerce City | $2,878 | |
$3,021 | ||
Fort Collins | $2,232 | |
Grand Junction | $1,245 | |
Greeley | $2,702 | |
$2,864 | ||
Littleton | $2,868 | |
Longmont | $2,402 | |
Loveland | $2,225 | |
Parker | $2,861 | |
Pueblo | $3,079 | |
Thornton | $2,810 | |
Westminster | $2,764 |
How to buy home insurance
You should be aware of the severe weather that affects Colorado when you’re buying home insurance. Not only will you want to be sure to have enough coverage, but you’ll also want to have the right kind of coverage.
If you live in an area that’s prone to wildfires, know whether you’ll have to fireproof your house before you can get home insurance.
Consider getting home insurance from the Colorado FAIR program as a last resort.
Shop for flood insurance — especially if you live in a low-lying area prone to flooding.
Know whether your policy has a special deductible for wind/hail or wildfire damage.
Learn more >> How to buy home insurance in Colorado
Flood insurance in Colorado
A regular homeowners insurance policy doesn’t cover flood damage. If you live in a part of Colorado that’s at risk of flooding, you’ll want to purchase flood insurance. Here’s what you should know:
About 43,615 homes in Colorado are in high-risk flood areas.
The average cost of flood insurance in Colorado is $72 a month or $860 per year.
Coverage is most expensive in Woody Creek ($2,484 per year) and cheapest in suburban Denver ($376 per year).
Most flood insurance policies are sold by the National Flood Insurance Program (NFIP), but you can also get flood insurance from a private insurer.
Learn more >> Compare quotes for flood insurance in Colorado
Landlord insurance in Colorado
You need insurance for your rental property if you own an apartment or house you lease to tenants. Three of the top insurers offering landlord insurance in Colorado are Farmers, State Farm, and Obie. On average, landlord insurance costs $2,902 per year in Colorado.
Company | Policygenius rating | |
|---|---|---|
4.5 | ||
4.8 | ||
3.6 |
Learn more >> Landlord insurance companies in Colorado
When is wildfire season in Colorado?
Colorado’s wildfire season is typically from May to September when conditions are driest, but it’s possible for fires to occur throughout the year. [1] While we found that wildfires in Colorado burn fewer acres than other states, a large percentage of the state’s homes are at risk of damage from fires.
If you live in a part of Colorado where wildfires happen, you may have to do the following in order to find a home insurance company willing to cover you:
Create a safe space around your home by cutting down dead trees
Remove dead leaves and brush from your yard
Install a fire-resistant roof and windows
And if you’re still struggling to find coverage, you may need to get home insurance through a surplus lines insurance carrier or Colorado's FAIR Plan.
