How much is homeowners insurance in Colorado?
According to our latest insurance pricing analysis, the average cost of homeowners insurance in Colorado is $194 per month or $2,322 per year for $300,000 in dwelling coverage — the type of coverage that protects your physical house. The cost of home insurance in Colorado is about 32% higher than the national average of $1,754 per year.
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.
Colorado home insurance rates by city
Grand Junction, Loveland, and Fort Collins have the cheapest home insurance in Colorado (counting only Colorado’s 20 largest cities). In Grand Junction, where rates are cheapest, home insurance costs 46% less than the statewide average.
City | Average monthly cost | Average annual cost | Difference from state average (%) |
|---|---|---|---|
Denver | $252 | $3,021 | 30% |
Colorado Springs | $249 | $2,984 | 29% |
Aurora | $247 | $2,963 | 28% |
Fort Collins | $186 | $2,232 | -4% |
Lakewood | $239 | $2,864 | 23% |
Thornton | $234 | $2,810 | 21% |
Arvada | $238 | $2,854 | 23% |
Westminster | $230 | $2,764 | 19% |
Pueblo | $257 | $3,079 | 33% |
Greeley | $225 | $2,702 | 16% |
Centennial | $252 | $3,024 | 30% |
Boulder | $200 | $2,396 | 3% |
Longmont | $200 | $2,402 | 3% |
Castle Rock | $233 | $2,799 | 21% |
Loveland | $185 | $2,225 | -4% |
Broomfield | $207 | $2,489 | 7% |
Grand Junction | $104 | $1,245 | -46% |
Commerce City | $240 | $2,878 | 24% |
Parker | $238 | $2,861 | 23% |
Littleton | $239 | $2,868 | 24% |
Colorado home insurance rates by coverage amount
One of the most important (and expensive) parts of your home insurance policy is your dwelling coverage, which is the part that protects the physical structure of your home from covered hazards like fires, windstorms, and hail.
You should have enough dwelling coverage to cover your home’s replacement cost (the amount of money that it would take to rebuild your home) — not its market value. If you paid $600,000 for a home that would really only cost $400,000 to rebuild, you’d only need $400,000 in dwelling coverage.
Your home insurance premiums will get more expensive as you add more dwelling coverage to your policy. The most expensive price jump in Colorado happens when you go from $100,000 to $200,000 in dwelling cost coverage, a per-year price increase of $611.
Dwelling coverage limit | Average annual cost |
|---|---|
$100,000 | $1,104 |
$200,000 | $1,715 |
$300,000 | $2,322 |
$400,000 | $2,820 |
$500,000 | $3,342 |
