The Best Home Insurance in Colorado for 2024

Chubb and Country Financial are two of the best homeowners insurance companies in Colorado.
Ben Moore
By Ben Moore 
Updated
Edited by Caitlin Constantine

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If you're a homeowner in Colorado, you'll likely pay more than the national average for home insurance. The average cost of home insurance in Colorado is $2,580. For comparison, the national average is $1,820 per year.

NerdWallet analyzed policy rates from insurers around the state for a home built in 1984 with $300,000 in dwelling coverage and a $1,000 deductible to determine the best and cheapest homeowners insurance in Colorado. But these rates are just estimates, and yours may be different.

Note: Some insurance companies included in this article may have made changes in their underwriting practices and no longer issue new policies in your state.

Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our writing and data analyses. You can trust the prices we show you because our data analysts take rigorous measures to eliminate inaccuracies in pricing data and may update rates for accuracy as new information becomes available.

We include rates from every locale in the country where coverage is offered and data is available. When comparing rates for different coverage amounts and backgrounds, we change only one variable at a time, so you can easily see how each factor affects pricing.

Our sample homeowner had good credit, $300,000 of dwelling coverage, $300,000 of liability coverage and a $1,000 deductible.

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The best homeowners insurance in Colorado

If you’re looking to buy homeowners insurance from a well-rated brand, consider one of these insurers, all of which have a NerdWallet star rating of 4.5 or higher.

Company

NerdWallet star rating

Average annual rate

5.0

NerdWallet rating 

$2,490

5.0

NerdWallet rating 

$3,595

4.5

NerdWallet rating 

$1,285

4.5

NerdWallet rating 

$1,945

4.5

NerdWallet rating 

$2,630

4.5

NerdWallet rating 

$4,085

5.0

NerdWallet rating 

$1,955

*USAA homeowners policies are available only to active-duty military members, veterans and their families.

More about the best home insurance companies in Colorado

See more details about each company to help you decide which one is best for you.

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Chubb

5.0

NerdWallet rating 
Perks and high coverage limits for affluent homeowners.

Coverage options

More than average

Discounts

Great set of discounts

NAIC complaints

Far fewer than expected
insurance-product-card-logo

Chubb

5.0

NerdWallet rating 
Perks and high coverage limits for affluent homeowners.

Coverage options

More than average

Discounts

Great set of discounts

NAIC complaints

Far fewer than expected

Chubb caters to high-value homes and draws far fewer consumer complaints than expected for a company of its size, according to the National Association of Insurance Commissioners. Its home insurance policies come with great perks, including extended replacement cost in case it costs more than your dwelling limit to rebuild your home after a disaster.

Colorado homeowners can also sign up for free Wildfire Defense Services. These services include personalized recommendations for protecting your home and deployment of firefighters to your house if a wildfire is approaching.


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Country Financial

5.0

NerdWallet rating 
Best for those who prefer to have a personal conversation with an agent when choosing coverage.

Coverage options

About average

Discounts

Great set of discounts

NAIC complaints

Far fewer than expected
insurance-product-card-logo

Country Financial

5.0

NerdWallet rating 
Best for those who prefer to have a personal conversation with an agent when choosing coverage.

Coverage options

About average

Discounts

Great set of discounts

NAIC complaints

Far fewer than expected

Country Financial has three levels of homeowners coverage to help you choose the package that’s best for you. You also have the option to add extra coverage for the structure of your home, in case inflation drives up the cost of rebuilding more than you expect.

Country Financial sells homeowners insurance through local representatives. The company has drawn far fewer complaints than expected to state regulators.


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Auto-Owners Insurance

4.5

NerdWallet rating 
Auto-Owners offers plenty of ways to customize your policy and save money on home insurance.

Coverage options

About average

Discounts

Great set of discounts

NAIC complaints

Fewer than expected
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Auto-Owners Insurance

4.5

NerdWallet rating 
Auto-Owners offers plenty of ways to customize your policy and save money on home insurance.

Coverage options

About average

Discounts

Great set of discounts

NAIC complaints

Fewer than expected

Based in Michigan, Auto-Owners has been in business for more than a century. Its homeowners policies include all the basics, but you can also add coverage for things like identity theft or the failure of major appliances. Guaranteed replacement cost coverage is another optional add-on, enabling you to rebuild your home after a total loss even if your dwelling coverage limit is too low.

Auto-Owners sells homeowners insurance through independent agents.


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State Farm

4.5

NerdWallet rating 
Well-established insurer with a lengthy list of coverage options.

Coverage options

More than average

Discounts

Average set of discounts

NAIC complaints

Fewer than expected
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State Farm

4.5

NerdWallet rating 
Well-established insurer with a lengthy list of coverage options.

Coverage options

More than average

Discounts

Average set of discounts

NAIC complaints

Fewer than expected

State Farm is a great choice for homeowners who like to work directly with a company representative because the company sells policies through a wide network of agents. And its attention to customer service has paid off; the company has fewer customer complaints to state regulators than expected for a company of its size.

State Farm offers a free Ting device as a perk for home insurance policyholders. Ting is a smart plug that monitors your home’s electrical network to help prevent fires.


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American Family

4.5

NerdWallet rating 
Comprehensive coverage for homeowners in 19 states, mostly in the West and Midwest.

Coverage options

About average

Discounts

Great set of discounts

NAIC complaints

Fewer than expected
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American Family

4.5

NerdWallet rating 
Comprehensive coverage for homeowners in 19 states, mostly in the West and Midwest.

Coverage options

About average

Discounts

Great set of discounts

NAIC complaints

Fewer than expected

Founded in Madison, Wisconsin, American Family receives fewer consumer complaints than expected for a company of its size. You may be able to customize your policy with optional add-ons such as identity theft, equipment breakdown or service line coverage, which pays for repairs to water, power or other underground lines that run to your house.

Homeowners may be able to save on their premiums by installing smart-home devices, bundling multiple policies or setting up automatic payments.

Get more information in our American Family homeowners insurance review.


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Nationwide

4.5

NerdWallet rating 
For shoppers seeking a broad range of coverage options, Nationwide may fit the bill.

Coverage options

About average

Discounts

Great set of discounts

NAIC complaints

Close to expected
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Nationwide

4.5

NerdWallet rating 
For shoppers seeking a broad range of coverage options, Nationwide may fit the bill.

Coverage options

About average

Discounts

Great set of discounts

NAIC complaints

Close to expected

We like Nationwide for its variety of coverage options. For example, its standard homeowners insurance policy generally includes ordinance or law coverage, which can help pay to bring your home up to current building codes after a covered claim. You can add other coverage for issues like identity theft and damage from backed-up sewers and drains.

Depending on how much personal assistance you need, you can get a quote for homeowners insurance on the Nationwide website or work with a local agent instead. You can also use the website to pay bills, file claims or check claim status.


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USAA

5.0

NerdWallet rating 
Offers perks and affordable rates for the military community.

Coverage options

About average

Discounts

Average set of discounts

NAIC complaints

Far fewer than expected
insurance-product-card-logo

USAA

5.0

NerdWallet rating 
Offers perks and affordable rates for the military community.

Coverage options

About average

Discounts

Average set of discounts

NAIC complaints

Far fewer than expected

USAA sells homeowners insurance to veterans, active-duty military members and their families. If you fall into one of those groups, you might want to look into USAA’s offerings. The company’s homeowners policies include unique perks such as deductible-free coverage for military uniforms and coverage for identity theft.

Homeowners in Colorado can take part in the company’s Connected Home program, which gives you a discount on your policy if you buy and install approved smart-home devices. These include water leak sensors and security cameras.


How much does homeowners insurance cost in Colorado?

The average cost of homeowners insurance in Colorado is $2,580 per year, or about $215 per month, according to NerdWallet’s rate analysis. That’s 42% more than the national average of $1,820.

In most states, including Colorado, many insurers use your credit-based insurance score to help set rates. Your insurance score is similar but not identical to your traditional credit score.

In Colorado, those with poor credit pay an average of $4,825 per year for homeowners insurance, according to NerdWallet’s rate analysis. That’s 87% more than those with good credit.

Average cost of homeowners insurance in Colorado by city

How much you pay for home insurance in Colorado will depend on your ZIP code. For example, homeowners in Denver pay an average of $3,135 a year for coverage, while those in Grand Junction pay $1,335, on average.

City

Average annual rate

Average monthly rate

Arvada

$2,930

$244

Aurora

$3,110

$259

Boulder

$2,450

$204

Brighton

$2,885

$240

Broomfield

$2,680

$223

Castle Rock

$3,090

$258

Colorado Springs

$3,200

$267

Commerce City

$2,945

$245

Denver

$3,135

$261

Durango

$1,525

$127

Englewood

$3,115

$260

Erie

$2,645

$220

Fort Collins

$2,330

$194

Golden

$2,775

$231

Grand Junction

$1,335

$111

Greeley

$2,765

$230

Littleton

$3,020

$252

Longmont

$2,435

$203

Louisville

$2,525

$210

Loveland

$2,340

$195

Montrose

$1,435

$120

Parker

$3,095

$258

Pueblo

$3,480

$290

Westminster

$2,860

$238

Windsor

$2,595

$216

The cheapest home insurance in Colorado

Here are the insurers we found with average annual rates below the Colorado average of $2,580.

Company

NerdWallet star rating

Average annual rate

4.5

NerdWallet rating 

$1,285

Colorado Farm Bureau

Not rated

$1,860

4.5

NerdWallet rating 

$1,945

Shelter

4.0

NerdWallet rating 

$1,960

5.0

NerdWallet rating 

$2,490

5.0

NerdWallet rating 

$1,955

*USAA homeowners policies are available only to active-duty military members, veterans and their families.

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What to know about Colorado homeowners insurance

Here are a few things to note when evaluating home insurance options in Colorado.

Wildfires

Colorado ranks fourth in the country for the number of homes at a high risk for wildfire damage, according to 2022 data from the Insurance Information Institute

Insurance Information Institute. Facts + Statistics: Wildfires. Accessed Dec 6, 2023.
. Most home insurance policies cover fire and smoke damage, but homeowners in high-risk areas may have difficulty finding coverage. Read more on what to know about wildfires and insurance.

A 2022 state law

put the following requirements into place if a wildfire completely destroys your home:

  • Insurers must pay for at least two years of additional living expenses if you need to live somewhere else while your house is rebuilt.

  • You have up to three years after your insurer’s initial claim payment to submit rebuilding invoices and receipts for replacement belongings.

  • You may use your claim funds to rebuild in the same location, build a home in a different location or buy an existing home somewhere else.

  • You may be entitled to a claim payout of at least 65% of your personal property limit without having to create a detailed inventory of all the belongings you lost. However, you can still get a full payout if you do submit a list. (Learn how to create a home inventory.)

Hail

Most home insurance policies will pay for damage from hail, including damage to your roof, minus your home insurance deductible. (A deductible is the part of a claim you’re responsible for paying.)

Flooding

Colorado can experience flooding, but homeowners insurance typically won’t cover flood damage. If you live in a high-risk zone for flooding, such as along a lake or river, your mortgage lender will likely require you to purchase flood insurance. But you could be at risk no matter where you live, so it may still be worth considering. You can use the Federal Emergency Management Agency's flood maps or check RiskFactor.com (a nonprofit resource) to see the likelihood of flooding in your area.

Colorado Division of Insurance

You can file a complaint against your insurance company or learn more about how home insurance works from Colorado’s Division of Insurance. Its website lets homeowners compare insurance premiums and submit a complaint electronically. You can also find information about home insurance regulations and how to shop for a policy. Assistance is available by calling 303-894-7499.

Looking for more insurance in Colorado?

Methodology

NerdWallet averaged rates for 40-year-old homeowners from various insurance companies in every ZIP code across the state. All rates are rounded to the nearest $5.

Sample homeowners were nonsmokers with good credit living in a single-family, two-story home built in 1984. They had a $1,000 deductible and the following coverage limits:

  • $300,000 in dwelling coverage.

  • $30,000 in other structures coverage.

  • $150,000 in personal property coverage.

  • $60,000 in loss of use coverage.

  • $300,000 in liability coverage.

  • $1,000 in medical payments coverage.

We made minor changes to the sample policy in cases where rates for the above coverage limits or deductibles weren’t available.

We changed the credit tier from “good” to “poor,” as reported to the insurer, to see rates for homeowners with poor credit.

These are sample rates generated through Quadrant Information Services. Your own rates will be different.

Star rating methodology

NerdWallet’s homeowners insurance ratings reward companies for customer-first features and practices. Ratings are based on weighted averages of scores in several categories, including financial strength, consumer complaints, coverages, discounts and online experience. These ratings are a guide, but we encourage you to shop around and compare several insurance quotes to find the best rate for you. NerdWallet does not receive compensation for any reviews. Read our full homeowners insurance rating methodology.

Complaint methodology

NerdWallet examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners in 2020-2022. To assess how insurers compare with one another, the NAIC calculates a complaint index each year for each subsidiary, measuring its share of total complaints relative to its size, or share of total premiums in the industry. To evaluate a company’s complaint history, NerdWallet calculated a similar index for each insurer, weighted by market shares of each subsidiary, over the three-year period. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC. Ratios are determined separately for auto, home (including renters and condo) and life insurance.

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