Average renters insurance cost in Colorado

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Renters in Colorado pay an average of $224 per year, or $19 per month for renters insurance. This is based on a standard policy covering $40,000 in personal property, $300,000 in liability, and a $1,000 deductible – a reasonable baseline for most renters.

What you actually pay will depend on your coverage amount, which insurer you choose, and personal details like your ZIP code, claims history, and in some states, your credit score.

How much does renters insurance cost in Colorado?

At $19 per month, renters insurance in Colorado is based on a policy with $40,000 in personal property coverage and $300,000 in liability protection. Your premium will shift depending on your location, the coverage limits you set, and the total worth of your possessions. Shopping around and comparing quotes from different insurers is one of the most effective ways to keep costs manageable.

It’s worth remembering that a higher deductible might reduce your monthly premium, while broader coverage for valuables such as electronics or jewelry will increase it. Choose a deductible and coverage level that fits both your budget and replacement needs.

Renters insurance in Colorado: Where to start

On average, renters insurance in Colorado costs $224 per year, or $19 per month
Among all providers in Colorado, State Farm consistently comes in with the lowest average rates – around $171 per year
Because premiums can vary significantly from one insurer to the next, comparing multiple quotes before settling on a policy is always a good idea

Which companies offer the cheapest renters insurance in Colorado?

The most affordable renters insurance in Colorado comes from State Farm, which averages $171 per year. Allstate and Farmers are also competitive options for budget-conscious renters.

Keep in mind that the cheapest policy isn’t always the right one – coverage limits, deductibles, and available discounts all matter. The table below compares average annual and monthly rates from leading insurers in Colorado.

Company	Average annual rate	Average monthly rate
State Farm	$171	$14
Allstate	$208	$17
Farmers	$211	$18
Chubb	$329	$27
American Family	$355	$30
USAA*	$188	$16

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

Want a more accurate renters insurance estimate?

Use our calculator to get a personalized renters insurance quote based on your location and coverage needs.

Your final premium may vary depending on the insurer, coverage limits, deductible, claims history and other rating factors.

Renters insurance calculator in Colorado

$205/year

Estimated renters insurance rates in Colorado

$17

Monthly renters insurance cost in Colorado

-24%

Compared to national average

How much does renters insurance cost by coverage level in Colorado?

At the standard coverage level – $40,000 in personal property, $300,000 in liability, and a $1,000 deductible – renters insurance in Colorado averages $224 per year.

If you reduce your personal property coverage to $20,000, that average drops to around $170 annually. Before making that adjustment, it’s worth confirming that $20,000 would genuinely cover the cost of replacing your belongings.

The table below compares average annual renters insurance costs in Colorado at both the $20,000 and $40,000 coverage levels.

Coverage level	Average annual renters insurance rate	Average monthly renters insurance rate
$20,000 with $500 Deductible and $100,000 Liability	$175	$15
$20,000 with $500 Deductible and $300,000 Liability	$193	$16
$20,000 with $1,000 Deductible and $100,000 Liability	$154	$13
$20,000 with $1,000 Deductible and $300,000 Liability	$170	$14
$40,000 with $500 Deductible and $100,000 Liability	$236	$20
$40,000 with $500 Deductible and $300,000 Liability	$255	$21
$40,000 with $1,000 Deductible and $100,000 Liability	$205	$17
$40,000 with $1,000 Deductible and $300,000 Liability	$224	$19
$60,000 with $500 Deductible and $100,000 Liability	$296	$25
$60,000 with $500 Deductible and $300,000 Liability	$315	$26
$60,000 with $1,000 Deductible and $100,000 Liability	$255	$21
$60,000 with $1,000 Deductible and $300,000 Liability	$275	$23

People also ask: How much renters insurance coverage do I need?

Coverage needs vary from person to person, but a common starting range is $20,000 to $40,000 in personal property protection and at least $300,000 in liability coverage. The right amount ultimately comes down to the value of what you own, whether any of your items warrant separate endorsements, and how much of a financial cushion you want between you and an unexpected loss.

Renters insurance rates in Colorado by city

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Colorado Springs

Mesa

How much does renters insurance cost by city in Colorado?

Renters insurance premiums can differ depending on where in Colorado you live. Factors like local crime rates, weather patterns, and the density of the area all play a part in what insurers charge.

Here’s how average renters insurance rates compare across major cities.

Does your ZIP code affect renters insurance rates in Colorado?

When it comes to pricing renters insurance, your ZIP code carries a lot of weight. Insurers look at the risk profile of your specific area – including local theft levels, weather exposure, and claims history – to determine your rate. Two renters with identical policies can pay very different premiums simply because of where they live.

Across Colorado, annual premiums range from around $210 in 80513 to $264 in 80840. The cheapest and most expensive ZIP codes in Colorado are listed below.

Why your ZIP code affects renters insurance costs

Renters insurance premiums are calculated using localized risk data, so rates can vary considerably depending on your neighborhood and ZIP code.

Factors that influence pricing include:

Local rates of theft and vandalism
Exposure to weather events such as wildfires, floods, or hurricanes
Fire incident history and repair costs in your area

A change of just a few ZIP codes can meaningfully affect your monthly rate.

What are the most affordable ZIP codes for renters insurance in Colorado?

Among all ZIP codes in Colorado, 80513 has the lowest average annual renters insurance rate at $210.

Lower theft rates and fewer weather-related claims are the main drivers behind more affordable premiums in these areas.

ZIP code	City	Average annual rate	Average monthly rate
80513	Berthoud	$210	$18
80601	Brighton	$210	$18
80124	Lone Tree	$210	$18
80019	Aurora	$211	$18
80104	Castle Rock	$211	$18
80516	Erie	$211	$18
80622	Galeton	$211	$18
80126	Highlands Ranch	$211	$18
80642	Hudson	$211	$18
80538	Loveland	$211	$18

What are the least affordable ZIP codes for renters insurance in Colorado?

80840 carries the highest average renters insurance cost in Colorado at $264 per year, or $22 per month.

Below are average annual renters insurance rates for every ZIP code in Colorado.

How to lower your renters insurance, even in a high-cost ZIP code

Compare quotes from a minimum of 3 insurers – pricing for the same coverage can vary by over $100 within a single ZIP code
Bundle renters and auto insurance with the same provider to unlock savings of 5% to 15%
Look into discounts tied to safety features. Smoke detectors, deadbolts, security cameras, and smart home systems can all qualify
Consider raising your deductible to $1,000 if it’s currently $500 – the savings can be around 10% annually
Ask your insurer about claims-free discounts if you’ve gone 3 or more years without filing

ZIP code	City	Average annual rate	Average monthly rate
80840	Air Force Academy	$264	$22
81069	Rye	$247	$21
80809	Cascade	$246	$20
80106	Elbert	$246	$21
80819	Green Mountain Falls	$246	$20
80833	Rush	$246	$20
80864	Yoder	$246	$20
81023	Beulah	$244	$20
81025	Boone	$244	$20
80302	Boulder	$244	$20

Is renters insurance worth it in Colorado?

For most renters in Colorado, renters insurance is well worth having. It protects your belongings against fire, theft, vandalism, and certain natural disasters, while also providing liability coverage if someone is injured in your home.

According to the US Department of Commerce, the US Census Bureau and American Community Survey â€“ over 48% of renter households in the US spend more than 30% of their income on rent and utilities, which means even smaller ongoing expenses like insurance are worth managing carefully.

Finding the right policy comes down to shopping around. Price matters, but it’s also important to review coverage options, deductibles, and customer satisfaction. Paying slightly more for better coverage can make a real difference when you need to file a claim.

Frequently asked questions

What does renters insurance actually cover?

Renters insurance generally covers three things: your personal belongings, liability protection, and additional living expenses if your home becomes uninhabitable after a covered event. It can help with losses from fire, theft, and vandalism, as well as legal or medical costs if a visitor is injured on your property. Coverage specifics differ by policy, so reviewing your limits and exclusions carefully is important.

Do I really need renters insurance in Colorado?

There’s no universal legal requirement for renters insurance, but the protection it offers is hard to replicate on your own. A single incident – whether it’s a break-in, a fire, or accidental damage – can result in thousands of dollars in losses. Renters insurance covers those costs so you’re not paying out of pocket. It’s also increasingly common for landlords in Colorado to require it as part of the lease agreement.

Sources:

Insurance Information Institute. Facts + statistics: Renters insurance. Accessed May 2026.

How much is renters insurance in other states

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Alisha Ambre

Alisha Ambre holds a Bachelor of Arts with honours in English Literature and Media Studies. She focuses on crafting clear, engaging content that makes complex information feel practical and approachable for everyday readers. When she’s not writing, she’s likely on the volleyball court or immersed in a good video game.