The Best Home Insurance in Colorado for 2024

Auto-Owners and State Farm are two of the best homeowners insurance companies in Colorado.
Ben Moore
By Ben Moore 
Updated
Edited by Caitlin Constantine

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The average cost of home insurance in Colorado is $3,820. That's compared to the national average of $1,915.

NerdWallet analyzed data from numerous insurance companies to help you find the best home insurance in Colorado in the following categories:

The rates in our analysis are estimates based on many factors, so your rate may differ.

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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Best affordable homeowners insurance in Colorado: Auto-Owners

insurance-product-card-logo

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
insurance-product-card-logo

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

With an average annual rate of $2,175, Auto-Owners is less expensive than average in Colorado.

Auto-Owners’ 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.


Best homeowners insurance in Colorado for coverage: State Farm

insurance-product-card-logo

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
insurance-product-card-logo

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

As America’s largest 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.

To learn more, read our State Farm home insurance review.


Best homeowners insurance in Colorado for consumer experience: American Family and Nationwide

insurance-product-card-logo

American Family

4.5

NerdWallet rating 
Customizable coverage and discounts for smart-home devices.

Coverage options

About average

Discounts

Great set of discounts

NAIC complaints

Fewer than expected
insurance-product-card-logo

American Family

4.5

NerdWallet rating 
Customizable coverage and discounts for smart-home devices.

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. Its user-friendly website offers features such as bill payments, claim reporting, online quotes and general insurance information.

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.

insurance-product-card-logo

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
insurance-product-card-logo

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

Nationwide offers a robust consumer experience for its customers, including a website that makes it easy to manage policies, file and track claims, and set up automatic billing. It also has a highly rated app for Android and iOS that allows customers to file and track claims, review policy documents and set up autopay.

In addition, Nationwide’s customers have several ways to get assistance, such as reaching out to their agent or calling the company’s customer service hotline. Outside of business hours, they can use the Nationwide website to get proof of insurance, pay bills and schedule callbacks. A chatbot is also available to answer basic questions.


Full list of the best homeowners insurance in Colorado

NerdWallet analyzed home insurance companies across the state to find the best home insurance in Colorado. Here are all of the insurers that received a NerdWallet star rating of 4.5 or higher:

Company

NerdWallet star rating

Average annual rate

5.0

NerdWallet rating 

Not available

5.0

NerdWallet rating 

Not available

5.0

NerdWallet rating 

$7,155

4.5

NerdWallet rating 

$4,145

4.5

NerdWallet rating 

$2,175

4.5

NerdWallet rating 

Not available

4.5

NerdWallet rating 

$4,270

4.5

NerdWallet rating 

$2,725

4.5

NerdWallet rating 

$4,455

5.0

NerdWallet rating 

$3,370

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


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.

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.

City

Average annual rate

Average monthly rate

Arvada

$4,010

$334

Aurora

$4,220

$352

Boulder

$3,215

$268

Brighton

$4,040

$337

Broomfield

$3,415

$285

Castle Rock

$4,195

$350

Colorado Springs

$4,285

$357

Commerce City

$4,040

$337

Denver

$4,235

$353

Durango

$1,865

$155

Englewood

$4,055

$338

Erie

$3,215

$268

Fort Collins

$3,175

$265

Golden

$3,820

$318

Grand Junction

$1,775

$148

Greeley

$3,575

$298

Littleton

$3,950

$329

Longmont

$3,240

$270

Louisville

$3,215

$268

Loveland

$2,925

$244

Montrose

$1,890

$158

Parker

$4,225

$352

Pueblo

$4,855

$405

Westminster

$3,910

$326

Windsor

$3,130

$261

The cheapest home insurance in Colorado

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

Company

NerdWallet star rating

Average annual rate

Grange Insurance Association

Not rated

$1,865

4.5

NerdWallet rating 

$2,175

4.5

NerdWallet rating 

$2,725

Colorado Farm Bureau

Not rated

$3,225

4.0

NerdWallet rating 

$3,270

5.0

NerdWallet rating 

$3,370

*USAA homeowners policies are available only to active military, 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

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 provides 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?

Frequently asked questions

Colorado home insurance costs an average of $318 per month, or $3,820 per year, for homeowners with $300,000 in dwelling and liability coverage, good credit, no recent claims and a $1,000 deductible.

To save on your premium, ask your insurer if you qualify for any home insurance discounts.

Home insurance isn’t required by law in Colorado. But if you have a mortgage, your lender will likely require that you carry it. Home insurance can be a good idea even if you don’t have a mortgage because a disaster could result in damage that is expensive to repair. For more information, read Is Homeowners Insurance Required?

Your home insurance policy may cover mold if the damage is from a repair that was covered by your insurer. However, if the mold is due to water damage from your negligence, you’re likely responsible for its removal. Learn more about whether homeowners insurance covers mold.

Methodology

NerdWallet calculated median 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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