Colorado Springs Homeowners Insurance

The Zebra
Aug. 26, 2019

Find cheap homeowners insurance in Colorado Springs


A critical consideration for every homeowner should be their home insurance coverage. Fire, vandalism, theft, and wind damage are only a few of the perils for which homeowners coverage can protect your dwelling and personal property. Events like this occur regularly. When paired with the high cost of repairing or rebuilding a house, investing in homeowners coverage can seem like a smart move.

The price of a homeowners insurance policy depends on myriad factors, including the value of the dwelling, the value of your personal items, and the materials used to construct the home. The location of your home can also play a large role in home much you pay for homeowners insurance. Some areas are more susceptible to perils like fire, hail, frozen pipes, volcanoes, or other hazards. These can make your insurance policy even more expensive. Discover more info about the specifics of home insurance coverage.

If you want to find cheaper homeowners insurance in Colorado Springs, start with looking around and comparing a variety of different policies. Have a look at the summary below comparing average homeowners insurance premiums in Colorado Springs to begin your home insurance search with as much knowledge as possible. Remember: your homeowners insurance rates may vary based on your coverage limits and other factors.


Colorado Springs, Colorado, homeowners insurance:
  1. Rates by company
  2. Rates by coverage level
  3. Rates by ZIP code
  4. Insurance bundle discounts

Home insurance in Colorado Springs by insurance company

Colorado Springs homeowners insurance rates will vary depending on which insurance company you choose. The most inexpensive home insurance in Colorado Springs comes from AAA, which offers average annual rates of just $1,233 per year. This is more favorable than the city’s average homeowners premium of $2,719.

To get started with your homeowners insurance policy search, take a look at this list of the cheapest companies in Colorado Springs, Colorado.


AFFORDABLE HOME INSURANCE COMPANIES IN COLORADO SPRINGS
CompanyAverage Annual Rate
AAA$1,233
Nationwide$1,520
Liberty$1,938
State Farm$1,959
USAA$2,163

Average homeowners insurance costs in Colorado Springs by coverage level

Your chosen amount of homeowners coverage has an impact on the insurance premiums you pay . Homeowners in Colorado Springs who carry $200K in dwelling coverage pay an average of $2,058 per year, while those with coverage up to $400K pay around $3,368 per year.


HOMEOWNERS INSURANCE RATES IN COLORADO SPRINGS — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$200K Dwelling$2,058
$400K Dwelling$3,368

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Colorado Springs home insurance rates by ZIP code

Home insurance premiums can vary depending on what part of Colorado Springs in which you live. Policies are often priced on local variables such as the number of claims filed in the immediate area, meaning the neighborhood in which you live could have a major impact on how much you pay to insure your home.

To find the cheapest home insurance premiums in Colorado Springs, look no further than 80946. In the 80946 area, homeowners coverage usually costs just $2,604 per year — a full $115 less than the Colorado Springs average. The below table shows the best places to live in Colorado Springs if you’re looking for affordable homeowners insurance.


AFFORDABLE AREAS FOR HOMEOWNERS INSURANCE IN COLORADO SPRINGS
ZIP CodeAverage Annual Home Insurance Rate
80946$2,604
80912$2,628
80921$2,643

Some parts of Colorado Springs, however, have home insurance costs that are higher on average. Crime rates, fire risk, and even your how close you are to emergency services such as fire and police stations could impact rates the risk level of certain parts of the city, which could drive up premiums in the area. An average annual rate of $2,856 makes 80919 the most expensive ZIP code in Colorado Springs for homeowners insurance.


EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN COLORADO SPRINGS
ZIP CodeAverage Annual Home Insurance Rate
80919$2,856
80922$2,837
80929$2,789



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Looking for a money-saving tip for insurance in Colorado Springs? Try bundling

You might want to consider purchasing your auto and homeowners policies through the same company if you are searching for the best overall prices. Bundling homeowners and auto insurance is one way to save substantially on your monthly car insurance premiums. By bundling your policies, Colorado Springs homeowners could see annual savings of 12% on average.


CHEAPEST AUTO INSURANCE RATES WITH HOME BUNDLE IN COLORADO SPRINGS
CompanyAvg. Annual Auto Insurance Rate (Bundle)
USAA$1,128
American Family$1,189
GEICO$1,217
State Farm$1,315
Farmers$1,765

It's definitely worth considering bundling both your auto and home policies as a potential way of saving money. Call 855-493-9728 to speak with an expert today.


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