Denver Homeowners Insurance

Find cheap homeowners insurance in Denver


Home insurance is a critical element of homeownership. Along with personal property, homeowners insurance covers your dwelling against many different perils, including fire, wind damage, vandalism, and theft. Given the relatively frequent occurrence of these incidents and the substantial cost of replacing a home, a homeowners insurance policy is a solid investment.

What you pay for homeowners insurance 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 likefrozen pipes, hail, windstorms, or wildfires, home insurance rates may be higher to account for the extra risk. Learn more info about what is covered by a homeowners insurance policy.

If you want to find cheaper home insurance in Denver, start with looking around and comparing what different companies offer. Check out the below summary of average homeowners insurance rates in Denver to help you get as much information as possible when you start your search for homeowners insurance. 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.


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

Homeowners insurance in Denver by insurance company

Homeowners insurance rates in Denver vary from one insurance company to another. The most affordable home insurance in Denver is AAA offering average annual rates at just $1,139 per year. This is considerably cheaper than the city’s average homeowners premium of $2,833.

Take a look at the cheapest insurance companies in Denver, Colorado to find the best home policy for you.


AFFORDABLE HOMEOWNERS INSURANCE COMPANIES IN DENVER
CompanyAverage Annual Rate
AAA$1,139
Nationwide$1,837
Liberty$1,997
State Farm$2,080
USAA$2,370

Average homeowners insurance rates in Denver by coverage levels

The level of home coverage you select has an impact on your insurance rates. Homeowners in Denver who carry $200K in dwelling coverage pay an average of $2,112 per year, while those with coverage up to $400K pay around $3,746 per year.


HOMEOWNERS INSURANCE RATES IN DENVER — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$100K Dwelling$1,577
$200K Dwelling$2,112
$250K Dwelling$2,726
$400K Dwelling$3,746

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Denver home insurance prices by ZIP code

Not every area of Denver 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 insurance.

If you're looking for the cheapest home insurance premiums in Denver, take at look at the 80232 ZIP code. In the 80232 area, homeowners policies typically cost just $2,559 per year on average, which isa full $273 less than the Denver average. The below table shows the best places to live in Denver if you’re looking for affordable homeowners insurance.


AFFORDABLE AREAS FOR HOMEOWNERS INSURANCE IN DENVER
ZIP CodeAverage Annual Home Insurance Rate
80232$2,559
80228$2,592
80229$2,602

Some parts of Denver, however, have homeowners insurance rates that are higher on average. Fire risks, crime rates, and even your how close you are to emergency services could lead insurance companies to see certain neighborhoods as higher risk, which could drive up area rates. With an annual average premium of $3,016, 80207 comes in as the priciest ZIP code in Denver for homeowners insurance.


EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN DENVER
ZIP CodeAverage Annual Home Insurance Rate
80207$3,016
80238$2,981
80218$2,976

Homeowners insurance deductibles in Denver

Among the numerous choices faced by homeowners when buying homeowners insurance is how high to set the deductible. A homeowners deductible is the amount you are responsible for paying toward a covered loss. Choosing your deductible impacts how much you pay for homeowners insurance.

In short, having a higher deductible leads to cheaper insurance costs. As such, if you want your insurance rates to stay low, aim for a higher deductible. Keep in mind that your deductible should only be as high as you can reasonably afford in the event of a covered loss.

Have a look at some of the normal deductibles offered by insurers and an estimate of what you can expect your premiums to be.


HOME INSURANCE PREMIUMS BY DEDUCTIBLE IN DENVER
Deductible LevelAverage Annual Homeowners Insurance Rate
$500$2,964
$1,000$2,726
$1,500$2,539
$2,000$2,437
$5,000$1,915

Money-saving tip: bundle home and auto insurance in Denver

One way to save on insurance costs is to consider bundling your homeowners and auto insurance policies through the same company. Bundling home and auto insurance can be a good money-saving option. By bundling your policies, Denver homeowners could see annual savings of 13% on average.


CHEAPEST CAR INSURANCE WITH A POLICY BUNDLE IN DENVER
CompanyAvg. Annual Auto Insurance Rate (With Bundle)
USAA$1,127
GEICO$1,170
State Farm$1,386
American Family$1,421
Farmers$1,786

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


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Kristine Lee LinkedIn

Kristine is a licensed insurance agent and one of The Zebra’s in-house content strategists. With a background in copywriting, she covers the ins and outs of the home and car insurance industries. She has been a contributor to numerous publications focused on the nuances of insurance, including BestCompany.com.