5 Best Colorado Springs Homeowners Insurance Companies (2025)
Armed Forces, Grange, and Allstate offer some of the best homeowners insurance policies in Colorado Springs.
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The average yearly cost of home insurance in Colorado Springs is $3,612 for a policy with a $1,000 deductible and $300,000 in dwelling coverage, Insurify data shows.
Colorado Springs has far higher home insurance premiums than the national average of $2,532 per year, partially due to the state’s propensity for wildfires, hailstorms, and other weather-related perils. But you have plenty of ways to save money on your coverage by shopping strategically.
Here’s what you should know about comparing home insurance quotes and finding coverage in Colorado Springs.
Quick Facts
Armed Forces Insurance Exchange, Grange, and Allstate offer the cheapest home insurance in Colorado Springs.
Homeowners insurance in Colorado Springs with $400,000 in dwelling coverage costs an average of $4,572 per year — much more than a policy with $300,000 in dwelling coverage.
Standard home insurance policies typically cover damage from fires, wind, and hail.
Best home insurance companies in Colorado Springs
Homeowners in Colorado Springs have many quality insurers to choose from when shopping for home insurance. The best home insurance company for you depends on a variety of factors, including your individual situation and needs.
Insurify identified five of the top insurers that stand out in terms of their rates, customer service, discounts, and other factors.
Cheap rates: Armed Forces Insurance Exchange
Armed Forces Insurance Exchange offers some of the best prices for Colorado Springs homeowners. The company has been around since 1887 with the mission of providing insurance coverage to military service members and veterans.
Armed Forces Insurance offers all standard home insurance coverages, as well as plenty of additional coverage options, including earthquake or flood coverage, animal liability coverage, identity theft protection, water backup and sump overflow, and more.
Pros
Many available add-ons to customize your policy
Gives back to military and local communities
Cons
Available only to military members, veterans, and their families
Can’t complete the entire quote process online
Best insurer for personalized local service: Grange
Best insurer for coverage options: Allstate
Best insurer for customer satisfaction: State Farm
Best insurer for guaranteed replacement cost coverage: Auto-Owners
Our editorial team analyzed regional and national home insurance companies that sell policies in Colorado Springs to assess which offer the best rates, coverage options, customer service, and savings to homeowners. We prioritized competitive rates, 24/7 customer service, homeownership discounts or bundling options, and specialty or supplemental coverages.
How much is home insurance in Colorado Springs?
Average homeowners insurance costs in Colorado Springs are $3,612 per year for a policy with a $1,000 deductible and $300,000 in dwelling coverage and $5,424 per year for a policy with a $500 deductible and $300,000 in dwelling coverage.
Colorado is among the top 10 most expensive states for home insurance.[?] The average cost of homeowners insurance in Colorado Springs is much higher than the national average but similar to the state average, which is $2,748 per year for $300,000 in dwelling coverage and a $1,000 deductible.
A key reason for the state’s expensive premiums is its high rate of natural disasters. Colorado experiences hundreds of wildfires per year, and they’ve been particularly bad in recent years. The state is also known for its severe hailstorms. As a result, the state has a higher number of claims — and more expensive claims — than many other states.
Additionally, like much of the country, inflation and increased building costs have also affected Colorado’s home insurance market.
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Cheapest home insurance companies in Colorado Springs
Allstate offers some of the cheapest home insurance in Colorado Springs, with homeowners paying around $125 per month for $300,000 in dwelling coverage with a $1,000 deductible.
The table below shows some of the cheapest homeowners insurance companies in Colorado Springs.
The below rates are estimated rates current as of: Monday, October 6 at 5:00 PM PDT.
Insurance Company  | Average Annual Premium |
|---|---|
| Grange | $1,128 |
| Foremost | $1,428 |
| Allstate | $1,440 |
| Auto-Owners | $1,812 |
| USAA | $1,968 |
| State Farm | $2,064 |
| American Family | $2,076 |
| Chubb | $2,268 |
| Travelers | $2,364 |
| Farmers | $2,700 |
| Shelter | $2,724 |
| Nationwide | $3,108 |
| Allied | $3,228 |
| Encompass | $3,504 |
| Acuity | $3,624 |
| COUNTRY Financial | $4,656 |
The below rates are estimated rates current as of: Monday, October 6 at 5:00 PM PDT.
Insurance Company | Average Annual Premium |
|---|---|
| Allstate | $1,608 |
| Grange | $2,652 |
| Foremost | $3,096 |
| American Family | $3,324 |
| Auto-Owners | $3,384 |
| USAA | $3,600 |
| State Farm | $3,768 |
| Travelers | $4,284 |
| Allied | $5,028 |
| Chubb | $5,508 |
| Farmers | $5,820 |
| Shelter | $6,168 |
| Encompass | $6,396 |
| Nationwide | $6,924 |
| Acuity | $9,228 |
| COUNTRY Financial | $9,372 |
The below rates are estimated rates current as of: Monday, October 6 at 5:00 PM PDT.
Insurance Company | Average Annual Premium |
|---|---|
| Allstate | $1,884 |
| Grange | $3,960 |
| American Family | $4,032 |
| Auto-Owners | $4,296 |
| Foremost | $4,524 |
| USAA | $4,536 |
| State Farm | $5,028 |
| Travelers | $6,036 |
| Farmers | $7,200 |
| Shelter | $8,136 |
| Chubb | $8,304 |
| Encompass | $8,520 |
| Allied | $9,744 |
| Nationwide | $10,128 |
| Acuity | $12,876 |
| COUNTRY Financial | $13,020 |
How much homeowners insurance do you need in Colorado Springs?
These are the four main components of what a standard home insurance policy covers:[?]
Dwelling coverage: This pays to repair or rebuild your home if a covered peril damages or destroys it. You’ll want to choose enough dwelling coverage to rebuild your home if it’s a total loss.
Personal property: If a covered peril damages your belongings, such as clothing, furniture, or electronics, home insurance will pay to replace them. Creating a home inventory can help you determine how much personal property coverage you need.
Additional living expenses: If your home becomes uninhabitable, this portion of your policy pays for your temporary living expenses beyond the norm, such as hotel stays.
Personal liability: If someone is injured on your property and sues you, personal liability pays for medical bills and any legal fees.
As a general rule, you want enough homeowners insurance coverage to be able to replace or rebuild your home in the event of a total loss. It’s also important to consider the value of your personal belongings and your personal liability risks. If you aren’t sure how much coverage you need, your insurance agent can help.
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What to know about home insurance in Colorado Springs, CO
Several perils in Colorado Springs could cause you to file a homeowners insurance claim. In Colorado especially, the most common home insurance perils tend to be weather-related.
Here are a few you may encounter:
Average cost of home insurance in other cities in Colorado
Home insurance premiums vary by city, and even by individual ZIP codes and neighborhoods within a city.[?] A key reason for these differences is the chances of a claim being filed in a given area. For example, if the area of Colorado you live in has a higher chance of wildfire or a greater incidence of property crimes, you could end up paying more for your insurance.
Every city in Colorado has home insurance premiums that are higher than the national average, but some are higher than others. Colorado Springs is among the most expensive cities in the state for home insurance.
Premiums shown in the table below are for policies with a $1,000 deductible and $300,000 in dwelling coverage.
The below rates are estimated rates current as of: Monday, October 6 at 5:00 PM PDT.
City | Average Annual Premium |
|---|---|
| Fort Collins | $2,988 |
| Boulder | $3,048 |
| Greeley | $3,228 |
| Denver | $3,468 |
| Colorado Springs | $3,612 |
Colorado Springs homeowners insurance FAQs
The following information can help answer any remaining questions about finding homeowners insurance in Colorado Springs.
Home insurance in Colorado Springs costs an average of $3,612 per year for a policy with a $1,000 deductible and $300,000 in dwelling coverage, Insurify data shows.
But your rates will depend on many factors, including your ZIP code, the age and square footage of your home, and the coverage levels you choose.
Allstate has the cheapest homeowners insurance in Colorado Springs, with an average monthly premium of $125 for a policy with $300,000 in dwelling coverage and a $1,000 deductible.
Other affordable insurers in the city include Grange and Auto-Owners.
No. Colorado doesn’t require homeowners insurance, but your lender will require you to carry coverage if you have a mortgage on your home. Even if you’ve paid off your home, having home insurance is vital. It can help you with costly repairs or replacement if something damages or destroys your home.
There’s no one “best” home insurance company in Colorado Springs, as every homeowner has different needs. But Armed Forces, Grange, and Allstate are a few of the best home insurance companies in Colorado Springs.
Insurance on a $400,000 house in Colorado Springs with a $1,000 deductible costs an average of $4,572 each year. Your costs will vary based on your home’s age, square footage, and features, as well as the type of homeowners policy you choose.
Colorado is at risk for severe weather events, including hail, windstorms, and wildfires. People who live in at-risk areas are at a greater risk of filing a claim, so insurers raise rates to offset their risk of insuring homeowners in these areas.
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