Home Home insurance Average home insurance cost Homeowners insurance rates by state Average homeowners insurance cost in Colorado Average homeowners insurance cost in Colorado Homeowners insurance in Colorado costs $4,086 per year or $341 monthly, according to Insure.com’s data analysis. View Carriers Please enter valid zip Compare top carriers in your area Written by Shivani Gite Shivani Gite Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions. Reviewed by Nupur Gambhir Nupur Gambhir Nupur Gambhir is a content editor and licensed life, health, and disability insurance expert. She has extensive experience bringing brands to life and has built award-nominated campaigns for travel and tech. Her insurance expertise has been featured in Bloomberg News, Forbes Advisor, CNET, Fortune, Slate, Real Simple, Lifehacker, The Financial Gym, and the end-of-life planning service. Updated on: November 21, 2024 Why you can trust Insure.com Quality Verified At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry. Whether you’re buying a new home or safeguarding the one you already own, it’s important to have comprehensive homeowners insurance. However, the amount you’ll pay depends on the insurance company and the coverage limits you choose.Homeowners insurance in Colorado costs an average of $4,086 a year, according to Insure.com’s study. Read this guide to learn more about the average homeowners insurance rates in Colorado by insurance company and ZIP code. Key Takeaways Homeowners insurance costs an average of $4,086 a year, based on our analysis.Of all the ZIP codes in Colorado, 81504 has the most affordable home insurance rates at around $2,389 annually.In Colorado, State Farm provides the most affordable home insurance at an average annual premium of $3,190. Average home insurance cost in Colorado by coverage levelIn Colorado, the annual homeowners insurance cost is $4,086, on average for the limits of $100,000 in liability, $300,000 in dwelling coverage and a $1000 deductible.Increasing your dwelling coverage from $300,000 to $400,000 will raise your annual homeowners insurance premium to $3,224 in Colorado, with $100,000 in liability protection and a $1,000 deductible. Below are the average costs for homeowners insurance in Colorado based on dwelling coverage limits of $300,000, $400,000, and $500,000.Coverage Average annual rate Average monthly rate200000 with 1000 Deductible and 100000 Liability and None Deductible$3,158$263200000 with 1000 Deductible and 300000 Liability and None Deductible$3,169$264300000 with 1000 Deductible and 100000 Liability and None Deductible$4,086$341300000 with 1000 Deductible and 300000 Liability and None Deductible$4,099$342400000 with 1000 Deductible and 100000 Liability and None Deductible$4,976$415400000 with 1000 Deductible and 300000 Liability and None Deductible$4,976$415600000 with 1000 Deductible and 100000 Liability and None Deductible$6,874$573600000 with 1000 Deductible and 300000 Liability and None Deductible$6,890$5741000000 with 1000 Deductible and 100000 Liability and None Deductible$10,725$8941000000 with 1000 Deductible and 300000 Liability and None Deductible$10,745$895In Colorado, homeowners insurance companies set rates by assessing various risk factors. Your location, claims history and coverage limit all affect your premium.If multiple claims have been filed in your neighborhood over the past few years, you’ll likely face higher home insurance rates than areas with fewer claims. According to S&P Global Market Intelligence’s RateWatch application, the average homeowners insurance premium for owner-occupied homes nationwide increased by over 11% in 2023.Best homeowners insurance companies in ColoradoIt’s always a good idea to shop around and compare prices before purchasing homeowners insurance. Several factors come into play when choosing the best homeowners insurance company.We evaluated homeowners insurance providers in Colorado by comparing their NAIC scores and AM Best ratings and compiled a list of the top insurers in the state. Based on Insure.com’s analysis, American Family received the lowest NAIC score and an AM Best rating of A. A lower NAIC score signifies fewer complaints relative to the company’s size, indicating greater customer satisfaction.Company Average annual premiumAM Best Rating NAIC Complaint IndexOverall scoreAmerican Family$3,472A0.375Allstate$3,224A+0.94.03State Farm$3,190A++0.954.02Farmers$4,782A0.543.82Nationwide$5,375A+0.872.81Average homeowners insurance cost by company in ColoradoState Farm has the cheapest homeowners insurance rates in Colorado. Its average annual cost for Colorado homeowners is $3,190. Allstate and American Family also offer affordable insurance.By comparing homeowners insurance rates, you could save hundreds, if not thousands, of dollars annually.The table below shows the average annual and monthly insurance rates for homeowners in Colorado with $300,000 in dwelling coverage, $100,000 in liability coverage, and a $1,000 deductible.Company Average annual rate Average monthly rateState Farm$3,190$266Allstate$3,224$269American Family$3,472$289Nationwide$5,375$448Farmers$5,712$476USAA$3,891$324Colorado homeowners insurance rates by ZIP codeInsurance providers in Colorado factor in the risk of a given location when determining rates. ZIP codes with higher crime rates or frequent natural disasters are typically classified as high-risk, leading to increased premiums. Additionally, the cost of rebuilding or repairing homes in that area can affect your homeowners insurance costs.To get the best deal on homeowners insurance rates in Colorado, take the time to shop around and compare quotes from multiple insurers. Additionally, don’t forget to ask about potential discounts, like bundling policies or a smart home discount.Most affordable ZIP codes for home insurance rates in ColoradoHomeowners insurance costs in Colorado can vary widely by location, with your ZIP code being a key factor in determining your rate. Based on our data, the the 81504 area has the most affordable insurance rates, at $2,389 annually or $199 monthly.Below are the homeowners insurance rates for the most affordable ZIP codes in Colorado.ZIP codeAverage annual rateAverage monthly rate81504$2,389$19981503$2,404$20081521$2,410$20181506$2,421$20281505$2,430$20381501$2,439$20381527$2,470$20681520$2,480$20781610$2,482$20781416$2,499$208Most expensive ZIP codes for home insurance rates in ColoradoIn Colorado, certain areas experience higher premiums because of higher crime rates, increased risk of natural disasters and the cost of living.Homeowners in 81052 ZIP pay the highest insurance rates in Colorado, with an average annual premium of $6,624.Below is a list of some of the most expensive ZIP codes in Colorado for homeowners insurance.ZIP codeAverage annual rateAverage monthly rate81052$6,624$55280805$6,558$54780740$6,555$54680807$6,544$54580836$6,528$54480812$6,527$54480747$6,524$54480802$6,520$54380834$6,512$54381045$6,509$542Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.Home insurance rates in Colorado by cityArvadaColorado SpringsMesaHome insurance rate trend in ColoradoWe analyzed home insurance rate trends in Colorado and found that homeowners insurance rates experienced an overall increase of 21% or $710, from 2022 to 2023.The below data shows how much homeowners insurance rates have changed since 2019.2019 rates2022 rates2023 rates$3,123$3,376$4,086To find the right homeowners insurance, research thoroughly and compare costs from multiple insurers, as they assess risk differently. Getting quotes from at least three companies helps ensure you get the most affordable coverage in Colorado.Resources & methodologySourceS&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed September 2024.MethodologyInsure.com worked with Quadrant Information Service to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:$300,000 dwelling coverage$100,000 liability protection$1000 deductibleWe have taken into account 3 important factors such as average annual cost, NAIC score and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary. Explore other insurance options in Colorado Average renters insurance cost in Colorado Average car insurance cost in Colorado Non-owner auto insurance in Colorado How much is home insurance in other statesAlaska$1,695/YearAlabama$3,131/YearArkansas$3,948/YearArizona$2,468/YearCalifornia$1,386/YearConnecticut$2,205/YearWashington, D.C.$1,327/YearDelaware$1,366/YearFlorida$4,405/YearGeorgia$2,286/YearHawaii$593/YearIowa$2,642/YearIdaho$1,950/YearIllinois$3,044/YearIndiana$2,969/YearKansas$4,826/YearKentucky$3,314/YearLouisiana$3,576/YearMassachusetts$1,622/YearMaryland$1,707/YearMaine$1,375/YearMichigan$2,396/YearMinnesota$2,399/YearMissouri$3,528/YearMississippi$3,369/YearMontana$3,265/YearNorth Carolina$2,933/YearNorth Dakota$3,134/YearNebraska$4,785/YearNew Hampshire$1,209/YearNew Jersey$1,506/YearNew Mexico$2,638/YearNevada$1,444/YearNew York$1,777/YearOhio$2,144/YearOklahoma$5,749/YearOregon$1,741/YearPennsylvania$1,886/YearRhode Island$1,932/YearSouth Carolina$2,668/YearSouth Dakota$3,374/YearTennessee$3,045/YearTexas$3,844/YearUtah$1,792/YearVirginia$2,135/YearVermont$1,247/YearWashington$1,596/YearWisconsin$1,648/YearWest Virginia$1,886/YearWyoming$1,885/YearShow moreShivani GiteContributing Writer | . .Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. 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