Colorado Homeowners Insurance

Finding a homeowners insurance policy doesn’t need to be stressful. Compare rates by city and carrier below.

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Find cheap home insurance in Colorado


Home insurance is an optional but important insurance coverage. It keeps your investment insured in the event your house suffers damage from a common incident. A home insurance policy defends your home and your items against a number of misfortunes, including wind damage, fire, theft, vandalism, and more.

Major gaps exist in home insurance costs from state to state. Policy rates in US states vary based on the number and cost home policy claims submitted across the state, and also on the value of the belongings and structures covered by the policy.

The best way to find a cheap home insurance policy in Colorado is to compare rates from as many companies as possible. Learn more about typical homeowners insurance rates in Colorado by reviewing the below data. Your rates may vary, depending on your coverage details.


Colorado home insurance:
  1. By company
  2. Homeowners rates by city
  3. Bundling

Home insurance prices in Colorado by insurer

Homeowners insurance rates in Colorado will vary based on the insurer you choose. Owners Insurance Company offers the cheapest home insurance in Colorado — just $1,094 per year. This compares favorably to the state average price of $2,412, providing a $1,318 price cut on rates typical to the state.

Start searching for cheap homeowners insurance by reviewing the best Colorado home insurance carriers, listed below.


HOMEOWNERS INSURANCE RATES IN COLORADO: BY CARRIER
CompanyAverage Annual Rate in Colorado
Owners Insurance Company$1,094.00
Safeco$1,178.66
Nationwide$1,289.95
Great Northern$1,451.99
Shelter$1,894.43


Another option to explore for home insurance in Colorado is Hippo. They offer a streamlined shopping experience to decrease the overhead cost and all around save you money. Click below to get started.



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Colorado homeowners insurance costs: by city

Home insurance rates in Colorado vary depending on the city. Pricing may depend on city-specific variables, including the number of claims filed nearby, giving your ZIP code weight in deciding how much you pay.

The best homeowners insurance in Colorado is available in Grand Junction. In Grand Junction, the typical home insurance policy costs $1,269 per year — $1,142 less than the average homeowners policy in other Colorado cities. The below cities have the most affordable homeowners insurance in Colorado.

AFFORDABLE HOME INSURANCE CITIES IN COLORADO
City
Average Annual Home Insurance Rate
Grand Junction
$1,269.49
Fort Collins
$1,979.04
Loveland
$1,996.39
Boulder
$2,119.80
Longmont
$2,144.92

 

Colorado insurance bundling discounts: home + auto

If you want to save on insurance, consider purchasing both your homeowners and auto insurance policies from one company. A home and car insurance bundle in Colorado can save you a substantial sum each month on your auto insurance policy. In fact, bundling policies in Colorado results in a yearly discount of $160.

HOME AND AUTO INSURANCE BUNDLING SAVINGS IN COLORADO
Avg. Yearly Auto Insurance Rate (No Bundle)
Avg. 12-Month Auto Insurance Rate (Bundle)
Annual Bundle Savings
Bundle Savings %
$1,631.00
$1,471.00
$160.00
11%

 

Bundling home and auto policies is a great way to save. Compare rates today!

 

Compare rates from top car insurance companies.

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Homeowners insurance and tornadoes in Colorado

A tornado can strike with precious little warning. There is little you can do to protect yourself and the outcomes can be catastrophic. As such, it's important to protect your home against tornado damage in Colorado, which suffers an average of 49 tornadoes each year.*

Tornado damage comes primarily in the form of wind, so verify your homeowners policy has windstorm coverage, a standard feature of any average homeowners policy.

The exterior and overall structure of the building are covered by wind protection. However, depending on the type of policy you have, damage to the building's interior may only be covered if it's caused by exterior damage, like a tree branch breaking a window. Detached structures are also covered, typically about 10% of the amount at which the home is insured. Keep in mind that other damages the storm causes may not be covered by insurance. For example, if your home is damaged from flooding that occurs from the same storm that produces the tornado, those damages won't be covered unless you've previously added flood insurance to your policy.

*Source: NOAA'S National Weather Service (https://www.spc.noaa.gov/gis/svrgis/)


Homeowners insurance and hail in Colorado

Depending on your location, hail could be a common side effect of stormy weather conditions and can lead to varying degrees of destruction to your property. In Colorado, homeowners policies typically come with hail coverage to insure the structure of your home if it suffers damages in a hail event.

If your home is in an area that’s very prone to hail — such as Colorado, which underwent 332 incidents of hail in 2018* — it's smart to confirm the details of your homeowners policy to see exactly what's covered and what's not — some insurers charge steeper deductibles in hail-prone regions and won't cover cosmetic damage, so if your home is battered but still functionally sound despite aesthetic flaws caused by a hailstorm, your insurance company will probably refuse to pay for its repair.

*Source: Insurance Information Institute (https://www.iii.org/fact-statistic/facts-statistics-hail)

 

Does home insurance cover damage from fires inColorado?

Homeowners insurance covers fire damage in Colorado.If yourhomeweredestroyed or damagedby a fire,your insurance company would cover the damage to your property up to your policy limits. The prevalence of wildfires inColorado underlines the importance of maintaining home insurance: 17% of houses in the state are in danger of sustaining wildfire damage, and475,803of the state's acres fell victim to fires in the state in 2018.*

In addition to covering damages — up to your coverage limits — your homeowners insurance policy could pay for your additional living expenses if your home is uninhabitable. Fire-related damage that will not be covered by your home insurance provider is intentional damage (arson) or damage to a vacant home.

*Source: Insurance Information Institute (https://www.iii.org/fact-statistic/facts-statistics-wildfires)