Finding the cheapest home insurance in Colorado requires getting quotes from multiple home insurance companies.

Home insurance companies don’t devise rates in all the same way. One may put a greater emphasis on one metric, such as a home’s claims history, while not caring as much about another, such as a person’s credit. That’s one reason why it pays to get quotes from multiple insurance companies.

We found that Nationwide has the cheapest homeowners insurance rates in Colorado with an average annual premium of $2,153 or $179 per month for $300,000 dwelling and $300,000 liability coverage with a $1,000 deductible.

Let’s take a look at the cheapest homeowners insurance in Colorado and how to find the best home insurance rates.

Key Takeaways

  • In Colorado, the cheapest homeowners insurance is offered by Nationwide at $2,153 per year for $300,000 dwelling coverage, $300,000 liability protection and $1,000 deductible.
  • The zipcode 81503 in Colorado offers the homeowners insurance at the cheapest rate of $1,996 per year.

Cheap homeowners insurance companies in Colorado

Home insurance costs are a vital part of finding a homeowners insurance policy. Who has the cheapest homeowners insurance in Colorado?

Nationwide, Travelers and American Family are the cheapest homeowners insurance companies in Colorado, on average.

Here are average Colorado homeowners insurance rates for a policy with $300,000 dwelling coverage and $300,000 liability protection with a $1,000 deductible.

CompanyAverage annual premiumAverage monthly premium
Nationwide$2,153$179
Travelers$2,530$211
American Family$2,832$236
Safeco$2,873$239
Allied$2,976$248
USAA$3,124$260
Foremost$3,248$271
Allstate$3,383$282
Garrison$3,716$310
Liberty Mutual$3,791$316
State Farm$4,090$341
Farmers$4,433$369
First Liberty$7,787$649
Fire Insurance$8,038$670

Compare cheap homeowners insurance in Colorado by ratings

It’s a smart move to shop around to look for cheap homeowners insurance and compare policies and coverages from different insurance providers carefully. Here we have compared the cheapest home insurance companies in Colorado based on J.D. power score and AM Best ratings that help you to choose the best among the options available.

CompanyJ.D. Power scoreAM Best rating
USAA882A++
State Farm835A++
American Family831A
Allstate829A+
Farmers813A
Nationwide812A+
Safeco810A
Liberty Mutual806A
Travelers800A++

How much is home insurance in Colorado

The average cost of homeowners insurance in Colorado is $3,082 for $300,000 dwelling and $300,000 liability with a $1,000 deductible. The average Colorado home insurance costs are $777 more than the national average.

Average annual premiumAverage monthly premium
$3,082$257

Multiple factors play a role in homeowners insurance cost, including:

  • Location, including ZIP code
  • Level of coverage
  • Home construction and age
  • Your claims history 
  • Your home’s claims history
  • The area’s claims history
  • Deductible
  • Credit history

Cheapest homeowners insurance in Colorado by ZIP code

81503 has the cheapest homeowners insurance, among large cities surveyed, with average rate of $1,996 per year, which is $166 per month. Here are how Colorado cities rank for average home insurance rates:

ZIP codeAverage annual premiumAverage monthly premium
81503$1,996$166
81504$2,010$168
81506$2,027$169
81501$2,033$169
81601$2,037$170
81505$2,059$172
81521$2,064$172
81650$2,078$173
81623$2,086$174
81520$2,098$175
81615$2,101$175
81635$2,115$176
81637$2,120$177
81526$2,121$177
81631$2,129$177

Find home insurance rates in cities of Colorado

Colorado Springs$3,533 /Year
Arvada$3,279 /Year
Mesa$2,146 /Year
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