How much is homeowners insurance in CO Springs, Colorado?

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In Colorado Springs, homeowners pay an average annual rate of $4,903 (for the coverage level of $300,000 for dwelling, $100,000 for liability protection, and $1,000 deductible). It’s $2,321 more than the national average of $2,582 .

Homeowners insurance rates change from one home to another. The home insurance premium in Colorado Springs depends on various factors, such as:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To ensure you secure the best homeowners insurance policy, compare quotes from multiple insurers. This will enable you to find the coverage that aligns with your specific requirements.

Read this guide to learn how much homeowners insurance costs monthly in Colorado Springs, what home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Colorado Springs.

Key Takeaways

The average cost of homeowners insurance in Colorado Springs is $4,903 per year.
State Farm is the cheapest homeowners insurance company in Colorado Springs with an average annual premium of $3,175 .
If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $1,244 more a year for home insurance.

How much is homeowners insurance in Colorado Springs per month?

Residents of Colorado Springs pay an average of $409 a month for homeowners insurance. It’s $68 more than the state average of $341 and $194 more than the national average for home insurance across the nation.

The cost of your homeowners insurance policy in Colorado Springs may change based on location, property value, and selected coverage options.

How much is homeowners insurance for a $200,000 house in Colorado Springs?

In Colorado Springs, CO, homeowners pay an average of $3,659 annually for a $200,000 house. The amount you pay for home insurance each year depends on factors such as natural disasters or events within your locality.

Some regions are more at risk for natural disasters, like floods, hurricanes, or tornadoes, implying higher rebuilding rates in these areas, resulting in costlier insurance premiums. It’s essential to note that your insurance policy might not cover damages caused by floods or hurricanes. If you reside in an area prone to flooding, consider buying flood insurance.

How much is homeowners insurance for a $300,000 house in Colorado Springs?

According to a rate analysis by Insure.com, homeowners in Colorado Springs pay an average of $4,903 per year for a $300,000 house. These rates are for the coverage limits of $100,000 for liability protection and $1000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, you’ll have to pay $1,244 more a year for home insurance. It would be best to buy enough insurance to cover the full cost of rebuilding your home.

However, the amount of dwelling coverage you need may vary depending on the size of your home, its features, and the cost of living in your area.

How much is homeowners insurance in Colorado Springs by company?

After comparing several homeowners insurance companies, State Farm offers the lowest rates in Colorado Springs. Its average annual rate for homeowners in Colorado Springs is $3,175 , while Allstate is the second-cheapest.

Researching the insurance company is crucial before selecting a homeowners insurance policy. Our experts have analyzed all insurance providers in Colorado Springs and compiled a list of the cheapest home insurance providers. Below, you’ll find the home insurance companies in Colorado Springs and their average annual premiums.

Home insurance company	Annual rate
State Farm	$3,175
Allstate	$3,575
American Family	$4,010
Farmers	$6,202
Nationwide	$6,869
USAA*	$4,426

*USAA is only available to military community members and their families.

Bundling your home insurance with other policies, like auto insurance, can lead to significant savings. Insurance companies often offer discounts for customers who combine multiple policies. By bundling, you can reduce your premiums and manage your insurance needs with one company.

Natural disasters in Colorado that can impact your home insurance

Living in Colorado comes with the threat of natural disasters, which can cause significant damage to homes and property, often resulting in costly insurance claims. Understanding which natural disasters are most common in your area is essential when selecting a home insurance policy.

By knowing the specific risks in your region, you can make informed decisions about coverage limits, deductibles, and whether you need additional protection. That knowledge ensures you’re not left underinsured when disaster strikes and protects your financial well-being in the long run.

Colorado is commonly affected by Avalanche and Hail.

How home insurance protects you against natural disasters

If your home is hit by a covered event, your insurance can help pay for repairs, replace your belongings, and even cover temporary housing if you can’t live in your home. Having the right coverage in place can make it a lot easier to get back on your feet after a disaster.

That said, not everything is automatically included. While most standard policies cover things like wind, hail, and lightning, you’ll usually need extra coverage for disasters like floods, earthquakes, or wildfires. It’s worth taking the time to understand exactly what your policy includes so there are no surprises when you need it most.

TIP

Many homeowners find out too late that their insurance doesn’t cover certain natural disasters. Be proactive – review your policy, ask your insurer about disaster-specific exclusions, and explore additional protection if you’re in a high-risk zone.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Colorado Springs for $300,000 dwelling coverage and $100,000 liability coverage with a $1000 deductible. The data presented are those with a good credit tier alignment.

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Shivani Gite

Contributing Writer

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.