Colorado Springs Renters Insurance

The Zebra
July 23, 2019

Colorado Springs renters insurance


It's important to carry renters insurance if you're renting a house or apartment. Renters insurance covers your dwelling and most property within it against a number of perils, such as theft, fire, vandalism, or wind damage. Given the reasonable likelihood of a damaging incident, the affordability of rental coverage, and the relatively high cost of replacing your property, a renters insurance policy is a solid investment.

The cost of renters insurance comes down to a variety of factors, including the building's age, its material constitution, its geographic location, and the pricing rules of your insurance company. In areas prone to events such as fire, lightning, wind, or hail, renters insurance policies may be more expensive to account for the extra risk.

The average yearly renters insurance rate in Colorado Springs is $180.

Finding affordable renters insurance in Colorado Springs starts with comparing policies. Consult our analysis of Colorado Springs renters insurance rates to ensure you start your search with as much background info as possible. Remember: your renters insurance costs may vary based on your coverage limits and other factors.


Colorado Springs renters insurance:

  1. Rates by company
  2. Rates by coverage level
  3. Car and renters insurance discounts

Renters insurance rates in Colorado Springs — top companies

How much you pay for renters insurance in Colorado Springs depends on the insurance company you choose. For instance, State Farm offers the most affordable renters insurance in Colorado Springs, at just $125 per year. This compares favorably to the city's average cost of $180, providing a $55 discount.

Begin your search for a renters insurance policy by reviewing the cheapest companies in Colorado Springs.


CHEAP RENTERS INSURANCE COMPANIES IN COLORADO SPRINGS
CompanyAverage Annual Rate in Colorado Springs
State Farm$125
Travelers$127
Allstate$131
Safeco$131
Shelter$146

Colorado Springs renters insurance premiums by coverage level

The cost of your renters insurance policy will be influenced by the amount of coverage you opt to carry. Two of the most common levels of renters insurance coverage are $25,000 and $50,000. In Colorado Springs, the annual cost differential between these options is about $44. If you can afford the up-front expense, it's worth considering.

Coverage LevelAverage Annual Rate in Colorado Springs
$25K Property$158
$50K Property$201

Money-saving tip: bundle your renters and car insurance policies

If you’re trying to save, purchase your renters and auto policies from a single company. Bundling renters and car insurance in Colorado Springs can result in substantial savings. In fact, bundling renters and auto insurance leads to average savings of 6.7% on car insurance premiums. The auto insurer with the cheapest bundled rate is GEICO, followed by American Family and State Farm.


RENTERS AND AUTO INSURANCE BUNDLING SAVINGS IN COLORADO SPRINGS
Annual Bundle SavingsBundle Savings %
$1196.7%

Need renters insurance? Talk to an expert today.