Denver Homeowners Insurance

The Zebra
Aug. 26, 2019

How to find affordable homeowners insurance in Denver


Home insurance is a critical element of homeownership. Fire, vandalism, theft, and wind damage are just some of the perils for which home insurance can protect your dwelling and personal property. With the relative frequency of such perils -- and the high cost of rebuilding or repairing damages to a home -- getting homeowners coverage is a smart investment.

The cost of homeowners insurance coverage is dependent on a number of factors. These include the following: dwelling value, value of your personal belongings, and the cost of the materials used to build your home. Location also plays a role in determining the price of your homeowners insurance policy. In areas prone to perils likewindstorms, hail, fire, or even theft , home insurance policies may be more expensive to account for the extra risk. Learn more information about the specifics of home insurance coverage.

Finding affordable home insurance in Denver starts with shopping around and comparing policies. Have a look at the summary below comparing average Denver homeowners insurance rates to ensure you start your search with as much background info as possible. Remember: your homeowners insurance costs may vary based on your coverage limits and other factors.


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

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

Average home insurance costs in Denver by coverage level

How much you spend on home insurance coverage is greatly influenced by the level of coverage you choose. 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 $3,483 per year.


HOMEOWNERS INSURANCE RATES IN DENVER — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$200K Dwelling$2,112
$400K Dwelling$3,483

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Denver home insurance prices by ZIP code

Home insurance costs can vary depending on what area of Denver 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.

The cheapest home insurance rates in Denver are available in 80232. In 80232, the typical home insurance policy costs $2,559 per year — $273 less than the citywide average in Denver. Find the best places to live in Denver for cheap home insurance by looking at the following table.


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

Other areas of Denver, however, face homeowners rates that are higher than the city 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. With an annual average premium of $3,016, 80207 comes in as the priciest ZIP code in Denver for homeowners coverage.


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



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Money-saving tip for home and auto insurance in Denver: bundling

If you’re searching for ways to save on your overall insurance costs, consider purchasing your home and auto policies from the same insurance company. Bundling your homeowners and auto insurance can be a good money-saving option. In fact, bundling policies in Denver leads to average annual savings of 13%.


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

A great way to save on insurance is to bundle your home and auto policies with the same insurance company. Call 855-493-9728 to speak with an insurance expert today.


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