Best and cheapest companies for home and auto bundles in Colorado

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Some insurance companies offer better bundle deals than others when shopping for home and auto coverage. We’ve reviewed multi-policy discounts from Colorado insurers to help you find the carriers that offer the most affordable rates after bundling.

In Colorado, State Farm offers the highest percentage of savings on home and auto bundles. Bundling your policies with State Farm can help you save an average of 26%.

State Farm provides the lowest bundled rate in Colorado, with an average cost of $3,605 for combining your home and auto policies.

Key Takeaways

In Colorado, State Farm offers the biggest average discount of 26% on home and auto insurance bundles.
Different companies offer varying discounts for bundling, so it’s worth shopping around.
Where you live in the state can affect how much you save by bundling.
Bundling is generally a good idea, but in a few situations, it might not save you money.

How we picked the best companies for home and auto bundling

In 2024, we analyzed home and auto insurance rates provided by Quadrant Data Services, focusing on the average bundling discounts each company offers. We calculated both pre and post bundling insurance costs based on these average discount rates to provide a clear view of potential savings. Our analysis encompassed data from 48 insurance companies across 4,686 ZIP codes, delivering a comprehensive look at bundling benefits nationwide.

Our recommendation for the best home and auto bundles in Colorado

Insure.com’s analysis ranked companies based on the average bundle discount they offer both in terms of dollar amount and percentage. Based on those criteria, these are the best companies for home and auto bundles in Colorado.

State Farm

The average bundle discount at State Farm is $1,292, or 26%. Before the bundle discount is added, the average cost of home and auto insurance is $4,897. After getting a bundle discount, the cost drops to $3,605. State Farm ranked at No. 6 in our Best Auto Insurance Companies ranking and No. 4 in the Best Home Insurance Companies ranking.

Farmers Insurance

Farmers Insurance offers an average discount of $2,008 when you bundle your auto and home insurance, which is about 22%. Without the discount, the average cost is $8,970, but with the discount, the price drops to $6,962.

American Family

American Family offers an average discount of $962 when you bundle your auto and home insurance, which is about 14%. Without the discount, the average cost is $7,108, but with the discount, it drops to $6,146.

Allstate

The average bundle discount at Allstate is $660, which is a 11% savings. The cost of home and auto insurance before the discount is $5,791, but it lowers to $5,131 after applying the discount.

Nationwide

The average bundle discount at Nationwide is $933, or 12%. Before getting a bundle discount, customers see average rates of $7,557 for coverage. With the bundle discount, customers see average rates of $6,624. Nationwide ranked at No. 4 in our Best Auto Insurance Companies ranking and No. 7 in the Best Home Insurance Companies ranking.

Compare home and auto bundles in Colorado

The amount you can save on home and auto insurance with a bundle in Colorado varies by company. Here is a breakdown of the rates and savings with top companies.

Company	Premium after Bundle	Auto and home bundling (Survey)	Home survey	A.M. Best Score	% Difference	Overall Rating
State Farm	$3,605	47	87.4	A++	26%	82.03
Farmers Insurance	$6,962	43	82	A	22%	62.68
American Family	$6,146	50	85	A	14%	57.55
Allstate	$5,131	39	85	A+	11%	56.83
Nationwide	$6,624	42	86.6	A	12%	52.84

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What company offers the cheapest home and auto bundles in Colorado?

State Farm offers the biggest percentage discount if you bundle. State Farm offers the cheapest rate overall if you bundle.

Company	Home insurance premium	Auto insurance premium	Premium before Bundle	Premium after Bundle
State Farm	$2,991	$1,906	$4,897	$3,605
Allstate	$2,918	$2,873	$5,791	$5,131
American Family	$3,506	$3,602	$7,108	$6,146
Nationwide	$5,763	$1,794	$7,557	$6,624
Farmers Insurance	$5,824	$3,146	$8,970	$6,962

Most and least expensive ZIP codes for home and auto insurance bundles in Colorado

Your ZIP code can determine how much of a discount you’ll receive for bundling your insurance and the base rates before the discount is applied. Below, you’ll find the least and most expensive ZIP codes for home and auto insurance bundles in Colorado.

Most expensive ZIP codes

The ZIP code 81001 in Colorado has the highest average cost for bundling home and auto insurance, at $7,383. See the top 10 most expensive ZIP codes below.

ZIP code	Average auto and home after discount	Average difference
81001	$7,383	18%
81003	$7,292	18%
81008	$7,057	18%
81006	$6,987	18%
81004	$6,931	17%
80751	$6,773	18%
80219	$6,655	17%
80239	$6,629	17%
80203	$6,585	17%
80018	$6,563	17%

Least expensive ZIP codes

The most affordable ZIP code in Colorado for bundling home and auto insurance is 81506, with an average rate of $2,789. Below are the 10 least expensive ZIP codes.

ZIP code	Average auto and home after discount	Average difference
81506	$2,789	18%
81503	$2,831	17%
81504	$2,843	18%
81507	$2,854	18%
81505	$2,915	18%
81501	$2,971	18%
81416	$3,075	18%
81323	$3,324	17%
81303	$3,443	17%
81301	$3,488	17%

Frequently asked questions about bundling home and auto insurance

Is bundling home and auto insurance right for everyone in Colorado?

Bundling your insurance can help you save money and make managing your policies easier. With one company handling everything, you can check all your coverages in one place.

However, bundling isn’t always the cheapest move. If you find a great deal on car insurance but your homeowners insurance is much more expensive with the same company, you might save more by getting separate policies from different insurers.

It’s also possible that a company has the right coverage for one type of insurance but not for the other.

Instead of assuming a bundle is the best deal, it’s always a good idea to shop around and compare quotes.

“Remember when buying insurance that you’re doing so to protect your most valuable assets,” says Christine O’Brien, president of the Insurance Council of New Jersey. “Take the time to learn about policy limits and coverages and get several quotes.”

How can you switch to a home and auto bundle in Colorado?

Switching to a bundled policy is simple, and many people take this step when their insurance comes up for renewal. For example, if your car insurance is with one company and your homeowners insurance with another, you can easily combine them under one insurer when it’s time to renew.

However, you don’t have to wait until renewal to bundle your policies. If you cancel one of your policies before it expires, you might get a refund for the months you won’t be covered by that insurer.

But before canceling coverage on any of your policies, make sure your new coverage is set up and active. Don’t cancel the old one until you’re fully covered.

Methodology

Insure.com analyzed rates and discount averages provided by Quadrant Data Services in 2024 fielded from all 50 states and Washington, D.C. Rates were compared based on average home and auto premiums before bundling and after bundling based on the average multi-policy discount offered by each insurance company. The average total rate after the discount was calculated by subtracting a dollar amount equal to the average discount percentage from the pre-discount total rate.

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Chris Kissell

Contributing Researcher

Specializing in insurance and personal finance, Chris Kissell is a writer and editor whose work has been featured at Forbes, U.S. News & World Report, MSN Money, Fox Business, Yahoo Finance, Bankrate and Money Talks News. He is based in Denver.