Average Renters Insurance Cost in Colorado

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Renters insurance costs in Colorado vary depending on various factors, including the coverage amount, insurance company and individual circumstances. The average cost of renters insurance in Colorado is $191 per year or $16 per month for a coverage limit of $40,000 for personal property coverage, $300,000 in liability coverage and a $1000 deductible. These are average rates, and actual premiums may differ.

Key Takeaways

The average cost of renters insurance in Colorado is $191 per year or $16 per month.
State Farm provides the least expensive renters insurance in Colorado at an average rate of $179 annually.
Renters insurance rates can vary significantly among insurance companies. Compare quotes to find the best deal on renters insurance in Colorado.

Average renters insurance cost in Colorado per month

In Colorado, the average monthly cost of renters insurance is $16. However, premiums can differ depending on factors such as your rental’s location, the value of your personal belongings and the level of coverage you select. Experts recommend comparing quotes from different insurance companies to find the best deal.

Average renters ins cost per month	Difference compared to national average
$16	$6 less

Average renters insurance cost in Colorado by company

Renters in Colorado can find the most budget-friendly insurance with State Farm, which has an average annual cost of $179, according to our data. Other affordable options include Allstate and Farmers.

It’s a good idea to gather quotes from at least three insurance providers, as each company calculates premiums differently.

Below are the average annual and monthly renters insurance rates from various insurers in Colorado.

Company	Average annual rate	Average monthly rate
State Farm	$179	$15
Allstate	$193	$16
Farmers	$193	$16
Chubb Ltd	$201	$17
American Family	$307	$26
USAA*	$160	$13

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

Renters insurance calculator in Colorado

$175/year

Estimated renters insurance rates in Colorado

$15

Monthly renters insurance cost in Colorado

-29%

Compared to national average

Average cost of renters insurance in Colorado by coverage level

As we discussed above, the average cost of renters insurance in Colorado is $191 per year. These rates are for a coverage level of $40,000 for personal property coverage, $300,000 in liability coverage and a $1000 deductible.

However, if you lower the personal property coverage from $40,000 to $20,000, you will pay $147 per year for renters insurance in Colorado, which provides $300,000 in liability protection with a $1000 deductible.

Below are the average renters insurance costs in Colorado for personal property coverage amounts of $20,000 and $40,000.

Coverage level	Average annual renters insurance rate	Average monthly renters insurance rate
$20,000 with $500 Deductible and $100,000 Liability	$149	$12
$20,000 with $500 Deductible and $300,000 Liability	$163	$14
$20,000 with $1,000 Deductible and $100,000 Liability	$135	$11
$20,000 with $1,000 Deductible and $300,000 Liability	$147	$12
$40,000 with $500 Deductible and $100,000 Liability	$200	$17
$40,000 with $500 Deductible and $300,000 Liability	$216	$18
$40,000 with $1,000 Deductible and $100,000 Liability	$175	$15
$40,000 with $1,000 Deductible and $300,000 Liability	$191	$16
$60,000 with $500 Deductible and $100,000 Liability	$248	$21
$60,000 with $500 Deductible and $300,000 Liability	$265	$22
$60,000 with $1,000 Deductible and $100,000 Liability	$216	$18
$60,000 with $1,000 Deductible and $300,000 Liability	$232	$19

Average cost of renters insurance in Colorado by city

Renters insurance premiums can vary widely between cities. To help you choose the right policy, we’ve compiled average costs by location. Explore renters insurance rates across various cities in Colorado and find the best fit for your budget.

Renters insurance rates in Colorado by city

See rates in your city

Colorado Springs

Mesa

Average cost of renters insurance in Colorado by ZIP code

The cost of renters insurance in Colorado varies by ZIP code. It’s important to note that the affordability of renters insurance can differ significantly depending on your location.

To provide a more comprehensive overview, let’s see some of the most and least affordable ZIP codes for renters insurance in Colorado.

Most affordable ZIP codes for renters insurance in Colorado

In Colorado, your ZIP code plays a major role in determining your premiums. Based on our data, 80457 is the most affordable ZIP code for renters insurance, with an average annual cost of $177.

Comparing quotes from multiple insurers in Colorado is a smart way to find the best renters insurance rates for your ZIP code.

ZIP code	City	Average annual rate	Average monthly rate
80457	Kittredge	$177	$15
80433	Conifer	$177	$15
80425	Buffalo Creek	$178	$15
80470	Pine	$178	$15
80513	Berthoud	$178	$15
80453	Idledale	$179	$15
80454	Indian Hills	$179	$15
80533	Hygiene	$179	$15
80547	Timnath	$179	$15
80510	Allenspark	$180	$15

Least affordable ZIP codes for renters insurance in Colorado

Your ZIP code, among other factors, affects how much you pay for renters insurance in Colorado. 80207 is the least affordable ZIP code for Colorado renters at an average cost of $216 a year or $18 monthly.

We have analyzed quotes from the major insurance carriers across all the ZIP codes in Colorado. Below are the average annual renters insurance costs by ZIP code.

ZIP code	City	Average annual rate	Average monthly rate
80207	Denver	$216	$18

Final thoughts: Average renters insurance in Colorado

Renters insurance is a must for Colorado renters. It protects personal belongings from damage caused by fire, theft, vandalism and natural disasters, giving renters confidence and peace of mind.

Finding the most affordable renters insurance requires shopping around and comparing quotes from multiple insurers. To make an informed choice, consider not just the price but also the coverage options, deductibles, and customer reviews.

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.