Cheapest Colorado Homeowners Insurance Quotes (2025)

Allstate offers some of the cheapest homeowners insurance policies in Colorado, with monthly premiums starting at $119.

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The average cost of homeowners insurance in Colorado is $2,862 for $300,000 in dwelling coverage with a $1,000 deductible. That price increases to $3,612 with $400,000 in dwelling coverage and $4,249 with $500,000 in dwelling coverage.

Regular wildfires have driven up the price of home insurance in Colorado, making it difficult for some homeowners to find insurance. In 2023, the governor of Colorado implemented the FAIR Plan to ensure eligible Colorado homeowners have access to up to $750,000 in property insurance, which offers financial protection against covered perils, including wildfires, even in high-risk areas.1

Here’s what you should know about comparing home insurance quotes and finding affordable coverage in the Centennial State.

Quick Facts

  • Over the past 20 years, Colorado has seen the second-largest increase in natural disasters, second only to Kansas.

  • Colorado ranks second, behind Texas, as the state with the most homes at risk for hail damage.

  • The average annual cost of home insurance for $300,000 in dwelling coverage in Colorado is $2,748.

Best home insurance companies in Colorado

You have plenty of quality home insurance companies to choose from in Colorado. The best company for you will depend on your individual needs and budget. Start your search with the insurers listed below.

  • Our editorial team spent more than 350 hours developing the Insurify Quality (IQ) Score and scoring insurance companies. The IQ Score objectively analyzes and calculates a score for insurers using more than 15 crucial criteria. The team weighted criteria by importance to the consumer — factors such as customer reviews and affordability influence the score more than availability and third-party ratings.

    We rate each company on a 1 to 10 scale based on five categories: financial ratings, customer satisfaction, affordability, customer support and transparency, and availability. Insurify updates ratings once a year or as more recent information becomes available.

    • Third-party financial ratings: Insurify uses data from AM Best, S&P, Moody’s, and more to compare insurance companies’ credit and ability to pay out future claims.
    • Customer satisfaction: To calculate this score, Insurify analyzed more than 55,000 customer reviews across 155 car insurance companies. We also consider third-party ratings from J.D. Power, the National Association of Insurance Commissioners, and Trustpilot.
    • Affordability: Our data scientists analyzed more than 90 million real-time auto insurance rates from our partners across the U.S., as well as available discounts, to calculate an affordability score.
    • Customer support and transparency: This measures coverage options, ease of claims filing, and the insurer's transparency surrounding discounts, coverages, and claims process.
    • Availability and reach: Insurify scores availability and reach by identifying the number of states in which insurers offer coverage and company size by market share.

Best insurer for cheapest rates: Grange

Best insurer for guaranteed replacement cost coverage: Auto-Owners

Best insurer for optional coverage: Allstate

Best insurer for roofing discount: State Farm

Cheapest home insurance in Colorado

Allstate provides the cheapest homeowners insurance coverage in Colorado. The average cost for $300,000 in dwelling coverage with a $1,000 deductible is $2,862 per month, or $238 per month.

If you’re looking for affordable home insurance in Colorado, make sure you compare multiple insurance companies to find the best rate. The table below highlights the average monthly rates for some of the cheapest insurers in Colorado.

Cost of homeowners insurance in Colorado

The average cost of home insurance for $400,000 in dwelling coverage in Colorado is $3,468, according to Insurify data. Several factors affect homeowner insurance premiums, such as:2

Cost of homeowners insurance by dwelling coverage amount

Dwelling coverage, also called dwelling insurance, covers the physical structure of your home. It can also include any structures that are permanently attached to your house, such as your garage or deck.

Dwelling insurance generally covers damage to your home resulting from a covered peril. It doesn’t cover damage to your personal belongings inside your home. The amount of dwelling coverage you need is often based on how much it’ll cost to replace your home. The higher the cost to replace your home, the more dwelling insurance you’ll need, and the higher your insurance premium will be.

The table below shows average monthly home insurance premiums in Colorado by dwelling coverage amount, with a $1,000 deductible.

Cost of homeowners insurance by deductible

A homeowners insurance deductible is the amount of money you have to pay out of pocket before your insurance company will cover a claim. When you purchase insurance, you typically get to choose the deductible amount. How low or high a deductible you choose can affect your total home insurance premium.

Generally, a low deductible will result in higher premiums, and a more substantial deductible will result in lower premiums. So, if your goal is to get the cheapest monthly premium, consider a higher deductible.

In the table below, see how annual home insurance premiums for $300,000 in coverage can change based on the deductible amount you choose.

How to get cheap homeowners insurance in Colorado

If you’re looking to secure cheap homeowners insurance in Colorado, you can do several things to keep your monthly premiums down, including:

  • Increase your deductible. Raising your deductible to $1,000 can allow you to save as much as 25%, according to the Insurance Information Institute.3 But make sure you can afford to pay your deductible if you need to file a claim.

  • Bundle your policies. Purchasing your home and auto insurance policies from the same company can reduce your premium.

  • Install home security devices. Many insurers offer discounts of at least 5% if you have smoke alarms, security alarms, or deadbolt locks in your home. Some companies offer additional savings if you have sprinklers installed or security alarms that alert the police.

  • Boost your credit score. It’s common for home insurers to use your credit history when determining your premiums. A higher credit score may help you secure a lower premium. To boost your credit, focus on paying your bills on time and only apply for credit when you really need it.

  • Compare insurance quotes. Different insurers offer different rates and discounts. To find the cheapest home insurance, compare multiple insurers. Once you’ve narrowed it down to your top three, ask for quotes.

How much homeowners insurance do you need in Colorado?

When you take out a mortgage on your home, your mortgage company will require you to purchase a homeowners insurance policy. It’s important you understand what your home insurance policy covers when you buy it so you know if you’re properly covered.

Standard home insurance covers damage to your home and its contents. This usually includes coverage of the structure of the home, your personal possessions, belongings, liability protection, and additional living expenses for living somewhere else temporarily due to damages.

Most standard policies also provide disaster coverage, but there are exceptions. Standard policies typically don’t cover damage from flooding, earthquakes, and poor maintenance. You can often purchase additional coverage for flooding and earthquakes. Different types of homeowners insurance policies provide different coverage. It’s important to review and understand your policy so you know you have the protection you need.

What are some of the biggest risks when owning a home in Colorado?

For the past two decades, Colorado has seen the second-largest increase in natural disasters, second only to Kansas.4 The biggest risks to homeowners in Colorado are wildfires and hailstorms. Due to these risks, some homeowners and businesses have found it more difficult to get insurance coverage.

In response to this issue, the governor of Colorado signed the FAIR Plan law in 2023. This law helps homeowners and businesses get property insurance coverage when they can’t find it through traditional means.

Colorado homeowners insurance FAQs

If you’re looking for home insurance coverage in the Centennial State, this additional information may help as you research your coverage options.

  • How much is home insurance in Colorado?

    Home insurance in Colorado costs an average of $2,862 per year for $300,000 in dwelling coverage with a $1,000 deductible. That cost increases slightly to $3,148 per year with the same amount of dwelling coverage and a $500 deductible.

  • Who has the cheapest homeowners insurance in Colorado?

    Allstate has the cheapest homeowners insurance in Colorado, with average premiums of $119 per month.

  • Does Colorado require homeowners insurance?

    No. Homeowners insurance isn’t required by law, but if you have a mortgage on your home, your lender will require you to carry home insurance. Even if you’ve paid off your home, it’s still important to carry insurance because if something happens and your home needs costly repairs, you’ll be on the hook to pay for it out of pocket.

Jessica Martel
Jessica Martel

Jessica is a freelance writer, professional researcher, and mother of two rambunctious little boys. She specializes in personal finance, women and money, and financial literacy. Jessica is fascinated by the psychology of money and what drives people to make important financial decisions. She holds a Masters of Science degree in Cognitive Research Psychology.

Jessica has been a contributor at Insurify since July 2023.

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