The Best Home Insurance in Colorado for 2024

Chubb and Country Financial are among the best home insurance companies in Colorado, according to our analysis.

We analyzed data from more than 30 insurance companies to help you find the best home insurance in Colorado. Below are the insurers that earned 4.5 stars or more in our analysis. Rates are based on a sample homeowner with good credit, $300,000 of dwelling coverage, $300,000 of liability coverage and a $1,000 deductible.

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.

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The best home insurance companies in Colorado

Here's more information about the best homeowners insurance companies in Colorado.

Amica stands out for its customer service and broad range of coverage options. The company has drawn far fewer consumer complaints to state regulators than expected for an insurer of its size, according to the National Association of Insurance Commissioners.

You can customize your policy with extra coverage above your dwelling limit, in case your house costs more to rebuild than expected. You may also want to add coverage for damage from water backups or recovery from identity theft.

» READ MORE: Amica homeowners insurance review

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.

» READ MORE: Auto-Owners home insurance review

Chubb generally serves affluent policyholders with high-value homes, offering lofty coverage limits and plenty of perks. For example, the company covers water damage from backed-up sewers and drains, and pays to bring your home up to the latest building codes during reconstruction after a claim. (Many insurers charge more for these types of coverage.)

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.

» READ MORE: Chubb homeowners insurance review

Country Financial has multiple 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.

» READ MORE: Country Financial homeowners insurance review

Allstate is one of the largest home insurance companies in the U.S. The company offers many ways to customize your policy, including replacement cost coverage for your personal property and coverage for water damage caused by backed-up drains. Other, less common options may include home-sharing coverage and reimbursement for replacing damaged items with energy-efficient versions.

You may also be able to upgrade your policy with the Enhanced Package. One benefit of this package is Deductible Rewards, which takes $100 off your deductible for signing up, plus an additional $100 off for each year you go claim-free. And if you do file a claim, your rates won’t go up.

» READ MORE: Allstate homeowners insurance review

American Family receives far fewer consumer complaints than expected for a company of its size, which suggests policyholders tend to be happy with its service. You may be able to add coverage for identity theft, the breakdown of major appliances or repairs to service lines that run to your house.

Discounts may be available for installing smart-home devices, bundling multiple policies or setting up automatic payments.

» READ MORE: American Family homeowners insurance review

Cincinnati Insurance sells homeowners policies through independent agents, with various options for standard and high-value homes. You may be able to add coverage for things like identity theft, personal cyber attacks or certain types of water damage.

Cincinnati may offer you a discount for bundling home and auto insurance, having a newer home or installing a centrally monitored alarm system.

» READ MORE: Cincinnati Insurance homeowners insurance review

Farmers stands out for its lengthy list of discounts, including ones for installing protective systems like fire alarms and sprinklers, not smoking for the past two years, and paying your premium on time.

You may be able to customize your policy with a declining deductible, which will reduce your deductible by $50 each year you have your policy. You can also add claims forgiveness, which means your rates won’t go up because of a claim if you’ve been claim-free for a certain amount of time.

» READ MORE: Farmers home insurance review

Nationwide’s standard homeowners policies include ordinance or law coverage, which pays to bring your home up to the latest building codes after a covered claim. They also include coverage for unauthorized credit or debit transactions. For an extra cost, you may be able to add coverage for things like water backup, identity theft and stronger materials to replace your roof.

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.

» READ MORE: Nationwide homeowners insurance review

As America’s largest home insurer, State Farm stands out for its long list of coverage options. Its policies generally include extra dwelling coverage in case it costs more than expected to rebuild your home after a covered disaster. You may also be able to add coverage for things like identity theft, damage from backed-up drains and personal injury liability.

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.

» READ MORE: State Farm homeowners insurance review

Travelers offers a robust online experience. You can use the website to get a homeowners insurance quote, file and track claims, make payments, and learn about insurance basics.

Its coverage offerings are similarly strong. For example, you may be able to add extra coverage in case the dwelling limit on your home isn’t enough to rebuild your house after a disaster. One unique option is Travelers’ green home coverage, which pays extra if you want to use eco-friendly materials when repairing or rebuilding your home after a covered claim.

» READ MORE: Travelers homeowners insurance review

USAA sells homeowners insurance to veterans, active military members and their families. If that description fits you, you may want to consider a USAA policy. That’s because the company’s homeowners insurance has certain features that other insurers may charge extra for.

For example, USAA automatically covers your personal belongings on a replacement cost basis. Many companies pay out only what your items are worth at the time of the claim, which means you may not get much for older items. USAA pays enough for you to buy brand-new replacements for your stuff.

» READ MORE: USAA homeowners insurance review

How much does homeowners insurance cost in Colorado?

The average cost of homeowners insurance in Colorado is $3,820 per year, or about $318 per month, according to NerdWallet’s rate analysis. That’s nearly twice the national average of $1,915.

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 $6,520 per year for homeowners insurance, according to NerdWallet’s rate analysis. That’s 71% more than those with good credit.

» MORE: How your credit score affects homeowners insurance

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 $4,235 a year for coverage, while those in Grand Junction pay $1,775, on average.

» MORE: What’s the average cost of homeowners insurance?

The cheapest home insurance in Colorado

Here are the insurers we found with average annual rates below the Colorado average of $3,820.

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Common risks for Colorado homeowners

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

Wildfires

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 wildfire insurance.

A 2022 state law^[0]

• 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

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.

To assess your flood risk, look up your address on the Federal Emergency Management Agency's flood maps. However, FEMA’s maps don’t always capture all types of flood risk, so you may also want to check the website of the nonprofit First Street Foundation, which models climate risks. Enter your address in the top left corner to see your home’s flood risk rating on a scale of 1 to 10.

» MORE: How to choose the best flood insurance

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 provides information about home insurance regulations and how to shop for a policy. Assistance is available by calling 303-894-7499.