Colorado Springs, CO Homeowners Insurance

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Find affordable homeowners insurance in Colorado Springs


Among the most important aspects of owning a home is homeowners insurance. Along with personal property, homeowners insurance covers your dwelling against many different perils, including fire, wind damage, vandalism, and theft. Incidents like this occur frequently. When paired with the high cost of repairing or rebuilding a home, investing in homeowners coverage can seem like a great move.

The price of a home 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 also contributes to the price of your homeowners insurance policy. In areas prone to perils like hail, frozen pipes, volcanoes, or fire, home insurance rates may be higher to account for the extra risk. Learn more info about the specifics of home insurance coverage.

If you want to find cheaper home insurance coverage in Colorado Springs, start with shopping around and comparing policies. Take a look at the summary below showing average home insurance rates in Colorado Springs to begin your home insurance search with as much info as you can. One thing to note is that the yearly cost of homeowners coverage is determined based on your chosen coverage limits as well as a number of other rating factors.


Colorado Springs, Colorado, homeowners insurance — table of contents:
  1. Rates by company
  2. Rates by coverage level
  3. Rates by ZIP
  4. Rates by deductible amount
  5. Bundling discounts

Homeowners insurance in Colorado Springs by insurance company

What you pay for homeowners insurance in Colorado Springs will depend on the insurance company you get your policy through. The most affordable home insurance in Colorado Springs is AAA offering average annual rates at just $1,138 per year. This is considerably cheaper than the city’s average homeowners premium of $2,745.

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


AFFORDABLE HOMEOWNERS INSURERS IN COLORADO SPRINGS
CompanyAverage Annual Rate
AAA$1,138
Nationwide$1,683
Liberty$1,973
State Farm$2,100
USAA$2,325

Average homeowners insurance costs in Colorado Springs by coverage amount

The amount of homeowners coverage you select has an impact on your insurance rates. In Colorado Springs, carrying $200K dwelling coverage costs an average of $2,065, while carrying additional coverage up to $400K costs $3,669 per year.


HOMEOWNERS INSURANCE RATES IN COLORADO SPRINGS — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$100K Dwelling$1,573
$200K Dwelling$2,065
$250K Dwelling$2,691
$400K Dwelling$3,669

Colorado Springs homeowners insurance rates by ZIP code

Not every area of Colorado Springs has equal home insurance premiums. The amount of claims filed in your local area can be a factor in determining the price of your policy. Put simply, where you live could have a huge impact in what you pay for homeowners coverage.

To find the most affordable home insurance rates in Colorado Springs, look no further than 80019. In the 80019 area, homeowners coverage usually costs just $2,705 per year — a full $40 less than the Colorado Springs average. Find the best places to live in Colorado Springs for cheap home insurance by looking at the table below.


AFFORDABLE AREAS FOR HOMEOWNERS INSURANCE IN COLORADO SPRINGS
ZIP CodeAverage Annual Home Insurance Rate
80019$2,705
80012$2,705
80013$2,709

Other areas of Colorado Springs, it should be noted, face homeowners rates that are higher than the city average . These areas of the city could be more susceptible to perils such as theft, severe weather, or fires that present more risk for insurance companies. One of the costliest ZIP codes for homeowners coverage in Colorado Springs is 80018, with an annual average rate of $2,799.


EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN COLORADO SPRINGS
ZIP CodeAverage Annual Home Insurance Rate
80018$2,799
80047$2,781
80247$2,776

Looking for insights on homeowners insurance in a specific city? Check out our analysis of populous Colorado cities:

  1. Aurora
  2. Denver

Home insurance deductibles in Colorado Springs

One of the multiple decisions to be made when looking at home insurance policies is where to set your deductible. A deductible is the total amount that the insured must contribute toward a covered loss. Where you choose to set your homeowners deductible is linked to how much you will pay for insurance.

When considering your homeowners deductible, a good rule of thumb is that the lower your deductible, the higher your premiums. Therefore, if you need your home insurance rates to be lower, you'll need to increase your deductible. Bear in mind that your homeowners deductible should not be so high that you would struggle to pay it in the event of a loss.

Below you'll find some standard deductibles offered on most home policies alongside with corresponding average insurance costs.


HOME INSURANCE PREMIUMS BY DEDUCTIBLE TIER IN COLORADO SPRINGS
Deductible LevelAverage Annual Home Insurance Rate
$500$2,931
$1,000$2,691
$1,500$2,495
$2,000$2,397
$5,000$1,897

Money-saving tip: bundle home and auto insurance in Colorado Springs

If saving money is something you are worried about, it might be worth insuring your home and auto through the same insurance company. Bundling home 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 13% on average.


CHEAPEST AUTO INSURANCE RATES WITH A POLICY BUNDLE IN COLORADO SPRINGS
CompanyAvg. Annual Auto Insurance Rate (With Bundle)
USAA$1,107
GEICO$1,195
State Farm$1,371
American Family$1,404
Farmers$1,739

Bundling your homeowners and auto policies can be a great way to save some money on insurance.


Ross Martin LinkedIn

As a licensed insurance agent, Ross is responsible for researching and writing about all matters related to auto and home insurance. He has a background in writing and education, as well as a master's degree from Royal Holloway, University of London. He has been quoted by CNET, iDriveSafely.com, and Kin Insurance.