The Best Home Insurance Companies in Colorado in 2026
Amica and Chubb are two of the best homeowners insurance companies in Colorado.
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Written byMandy Sleight
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Mandy SleightInsurance Writer
Mandy Sleight has over 15 years of insurance knowledge and expertise in auto, home, life, health, pet, supplemental benefits, and other insurance products. She’s a sought-after insurance expert, appearing in Bankrate.com, Moneygeek.com, U.S. News & World Report, Reviews.com, CNET, and other publications, and she's been writing for Compare.com since 2023.
Mandy uses her background and experience working for well-known insurance companies like State Farm and Nationwide Insurance to create engaging and easy-to-understand content that helps readers make smarter insurance choices that have a positive effect on their budgets and finances.
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Edited byBecky Helzer
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Becky HelzerEditor
Becky Helzer is an insurance and personal finance editor who has worked with Compare.com since 2025. A seasoned editor, Becky has experience working with content across several industries, including P&C insurance, home finance, technology, and home improvement. She has a passion for breaking down complex topics into clear, easy-to-understand copy.
Becky earned a bachelor’s degree in technical journalism from Colorado State University.
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Reviewed byJohn Leach
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John LeachLicensed P&C Insurance Agent and Expert Reviewer
Licensed property and casualty insurance agent
10+ years editing experience
NPN: 20461358
John Leach is a licensed insurance agent who reviews and fact-checks articles for Compare.com. John has several years of experience reviewing and editing various insurance topics, and he also holds a valid personal lines producer license from the California Department of Insurance (NPN #20461358).
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In This Article
Homeowners insurance in Colorado costs an average of $220 per month for a policy with $300,000 in dwelling coverage and a $1,000 deductible. Colorado experiences severe weather, including wind, hailstorms, and wildfires.[1] These weather risks, combined with limited insurer availability in some areas, mean Colorado homeowners pay some of the highest premiums in the U.S.[2]
Home insurance costs can also vary widely based on your location, home type, and the insurance company you choose. Currently, Allstate is the cheapest option, with an average rate of $112 per month for $300,000 in dwelling coverage with a $1,000 deductible.
Here’s a breakdown of some of the best and cheapest homeowners insurance companies in Colorado, plus tips on how to choose the right coverage for your home.
Key Takeaways
State Farm, Grange, and Westfield are some of the best insurance companies for Colorado homeowners.
Home insurance policies in Colorado don’t cover flood damage, so consider additional coverage if your home is in a high-risk area.
Colorado’s unique topography, weather patterns, and heightened wildfire risk increase property insurance rates and can make home insurance coverage harder to find.
Our Picks for Colorado’s Best Home Insurance Companies
You won’t find a single best company that fits every Colorado homeowner. We chose the following companies as our top picks based on average Colorado rates, available home insurance discounts and coverage options, and customer ratings and reviews.
Rates are for policies with $300,000 in dwelling coverage and a $1,000 deductible.
Company  | Compare.com Rating | Average Monthly Premium |
|---|---|---|
| Amica | 4.8/5 | No data available |
| Chubb | 4.2/5 | $202 |
| Grange | Not rated | $0 |
| State Farm | 4.4/5 | $201 |
| Westfield | Not rated | No data available |
Best for new construction
Amica Insurance
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| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4.1/5 |
|---|---|
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $121/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $179/mo |
Amica offers a credit if you insure a newly built home or remodel your current home. You can also receive a multi-policy discount for bundling your home insurance with car insurance, umbrella insurance, or life insurance.
Optional coverages, such as electronic device protection, identity fraud expenses, and flood insurance, let you customize your policy to suit your needs.
Pros
Highly rated for customer satisfaction[3]
Available flood coverage
Cons
Only one Colorado office in Denver
Fewer optional coverages
Best for high-value homes
Chubb
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| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 3.9/5 |
|---|---|
| AM Best AM Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A++ |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $202/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $327/mo |
Chubb protects Colorado homeowners with high-value or custom homes who need broader protection and higher coverage limits. Its policies include extended replacement cost for your home, replacement cost for your personal belongings, and water backup coverage.
If a disaster your policy covers destroys your home, you can choose a cash settlement up to your policy limit rather than rebuilding.
Pros
Complimentary wildfire mitigation services
Fast claims response time
Cons
Expensive premiums
No online quotes
Grange: Best for affordable coverage
Pros
Cheap average rates
Network of independent agents
Cons
Fewer available optional coverages
Below-average mobile app rating
In business since 1894, Grange offers home, farm, and auto insurance in 13 states. In addition to being affordable, its homeowners insurance includes sump pump and water backup coverage at no extra cost.
Though you can report claims through the mobile app or online, you can track them only through your online account.
Best for first-time homebuyers
State Farm
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| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4.1/5 |
|---|---|
| AM Best AM Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A++ |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $201/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $289/mo |
State Farm is a great choice for Colorado first-time homebuyers looking for customizable coverage at an affordable price. Though it offers fewer discounts than competitors, you can save by bundling home and auto insurance.
You can also save money by installing a security system, a smoke alarm, or an impact-resistant roof to mitigate storm damage.
Pros
Personalized local service
Ability to customize coverage
Cons
Few available homeowners insurance discounts
Below-average claims satisfaction ranking[4]
Westfield: Best for older homes
Pros
Affordable average rates
Available inland flood coverage
Cons
Not Better Business Bureau (BBB) accredited
Fewer available discounts
Older homes can be challenging to insure, but Westfield may be a good fit. You can tailor your home insurance policy with optional coverages like inland flood, equipment breakdown, service line, and cyber insurance.
Along with a standard home insurance policy, Westfield offers two all-in-one policies: WesPak and WesPak Estate. Both of these home and car insurance policies let you pay for coverage with a single bill.
WesPak includes replacement cost coverage for your home and gap insurance for your vehicle, and WesPak Estate includes protection for high-value homes.
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The Cheapest Home Insurance Companies in Colorado
Homeowners insurance rates in Colorado can vary widely. Depending on the company, your rate can vary by hundreds — or even thousands — of dollars per year.
Natural disasters like hailstorms and wildfires are becoming more common, driving up home insurance premiums across the Centennial State.[5] For this reason, it’s important to compare quotes from multiple insurers to ensure you get the best price.
The table below highlights some of the cheapest home insurance companies in Colorado, according to Compare.com data. The average yearly premiums shown are for policies with $300,000 in dwelling coverage and a $1,000 deductible.
The below rates in Colorado are estimated rates current as of: Monday, March 9 at 12:00 PM PDT.
Company | Average Yearly Premium |
|---|---|
| Allstate | $1,344 |
| Auto-Owners | $1,944 |
| American Family | $2,016 |
| Foremost | $2,028 |
| Travelers | $2,136 |
| USAA | $2,184 |
| State Farm | $2,412 |
| Chubb | $2,424 |
| Farmers | $2,520 |
| Nationwide | $2,676 |
| Allied | $3,000 |
| COUNTRY Financial | $3,648 |
| Encompass | $3,888 |
Average Cost of Homeowners Insurance in Colorado
The amount of dwelling coverage you need to protect your Colorado home plays a big role in what you pay for home insurance. The more it would cost to repair or rebuild your home, the more your insurance company will charge to insure it.
In Colorado, home prices vary widely by location. For example, the median home price in Boulder in 2024 was $983,000 compared to $259,900 in Pueblo.
The following table shows the average annual cost of homeowners insurance in Colorado for various home values, according to Compare.com data.
The below rates in Colorado are estimated rates current as of: Monday, March 9 at 12:00 PM PDT.
Company | Average Yearly Premium |
|---|---|
| Allstate | $1,284 |
| Auto-Owners | $1,476 |
| Foremost | $1,488 |
| Travelers | $1,596 |
| Chubb | $1,608 |
| American Family | $1,620 |
| USAA | $1,704 |
| Nationwide | $1,872 |
| Farmers | $1,872 |
| State Farm | $1,908 |
| Allied | $2,460 |
| COUNTRY Financial | $2,676 |
| Encompass | $3,000 |
The below rates in Colorado are estimated rates current as of: Monday, March 9 at 12:00 PM PDT.
Company | Average Yearly Premium |
|---|---|
| Allstate | $1,344 |
| Auto-Owners | $1,944 |
| American Family | $2,016 |
| Foremost | $2,028 |
| Travelers | $2,136 |
| USAA | $2,184 |
| State Farm | $2,412 |
| Chubb | $2,424 |
| Farmers | $2,520 |
| Nationwide | $2,676 |
| Allied | $3,000 |
| COUNTRY Financial | $3,648 |
| Encompass | $3,888 |
The below rates in Colorado are estimated rates current as of: Monday, March 9 at 12:00 PM PDT.
Company | Average Yearly Premium |
|---|---|
| Allstate | $1,404 |
| Auto-Owners | $2,400 |
| American Family | $2,400 |
| Foremost | $2,556 |
| USAA | $2,652 |
| Travelers | $2,688 |
| State Farm | $2,916 |
| Farmers | $3,168 |
| Chubb | $3,252 |
| Nationwide | $3,480 |
| Allied | $3,528 |
| COUNTRY Financial | $4,596 |
| Encompass | $4,764 |
The below rates in Colorado are estimated rates current as of: Monday, March 9 at 12:00 PM PDT.
Company | Average Yearly Premium |
|---|---|
| Allstate | $1,512 |
| American Family | $2,616 |
| Auto-Owners | $2,796 |
| USAA | $3,096 |
| Travelers | $3,144 |
| Foremost | $3,240 |
| State Farm | $3,468 |
| Chubb | $3,924 |
| Nationwide | $4,116 |
| Farmers | $4,140 |
| Allied | $4,152 |
| COUNTRY Financial | $5,400 |
| Encompass | $5,520 |
The below rates in Colorado are estimated rates current as of: Monday, March 9 at 12:00 PM PDT.
Company | Average Yearly Premium |
|---|---|
| Allstate | $1,896 |
| American Family | $3,204 |
| Auto-Owners | $3,600 |
| USAA | $3,912 |
| Travelers | $4,560 |
| State Farm | $4,620 |
| Foremost | $4,728 |
| Farmers | $5,280 |
| Chubb | $5,940 |
| Nationwide | $5,964 |
| Encompass | $7,380 |
| COUNTRY Financial | $7,512 |
| Allied | $7,776 |
Colorado home insurance rates can vary significantly from one city to another, depending on factors such as local weather risk, wildfire exposure, and rebuilding costs. If your city is more prone to hail, wind, and wildfires, you’ll usually pay higher premiums than for homes in lower-risk regions.
The table below shows average home insurance premiums for several of Colorado's largest cities, based on Compare.com data.
CityAverage Yearly PremiumDenver $3,336 Colorado Springs $3,480 Fort Collins $2,868 Greeley $3,084
Why Home Insurance Is Expensive in Colorado
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Home insurance tends to be more expensive in Colorado than in most other states because of multiple risk factors that affect the likelihood and severity of insurance claims.
Hailstorms and wildfires
Colorado’s dry conditions and summer winds increase wildfire risk, while frequent hailstorms can damage roofs, siding, and windows. While a standard home insurance policy covers property damage, repair costs can exceed policy limits. Extended or guaranteed replacement cost coverage can help protect you in this situation.
Severe winter storms
Heavy snow, freezing temperatures, and ice accumulation can lead to burst pipes and structural damage. Standard home insurance coverage typically covers building collapse, burst pipes, and roof leaks.
If you’re concerned about sump pump failure causing water damage, you can purchase an additional water backup endorsement.
Limited insurer availability in high-risk areas
If you live in a higher-risk area, like the Wildland Urban Interface, you may have fewer insurance companies to choose from. Surplus lines insurers specialize in high-risk home insurance, and you can buy coverage through the Colorado FAIR Plan as a last resort.
Colorado Division of Insurance
The Colorado Division of Insurance regulates the state’s insurance industry. It monitors insurance agents and companies and protects consumers by resolving complaints and providing policy guidance.
You can file a complaint online or by phone at 1 (303) 894-7499. Call 1 (800) 930-3745 if you’re outside the Denver metro area. You can also email the Department of Regulatory Agencies (DORA) at [email protected].
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What Homeowners Insurance Covers in Colorado
A standard home insurance policy includes four main types of coverage in Colorado:[6]
Dwelling coverage: Pays to repair or rebuild your home after damage from events like a tornado, wildfire, or severe storm.
Personal property coverage: Covers your personal belongings, including your clothing, furniture, electronics, and appliances.
Personal liability coverage: Provides coverage for legal and medical expenses if someone is injured on your property or sues you. It also protects you if you injure someone or damage their property.
Additional living expenses: Helps pay for temporary living expenses, such as hotel rooms and restaurant meals, if your home is unlivable while repairs are being made.
What home insurance doesn’t cover
Although home insurance protects against many perils, it typically excludes certain risks and situations.
Homeowners insurance typically excludes the following:
Earthquakes: Though rare, earthquakes can occur anywhere in Colorado.[7] Standard home insurance typically excludes damage from seismic activity. Some insurers offer earthquake insurance or an endorsement to cover earthquake damage.
Maintenance issues: Home insurance doesn’t cover damage from lack of maintenance, normal wear and tear, or termite infestations.
Acts of war or nuclear hazards: Colorado home insurance doesn’t cover either.
Do You Need Flood Insurance in Colorado?
Though you may not think Colorado is prone to floods, days of heavy rain can trigger flooding, especially in areas devastated by wildfires. Standard homeowners policies don’t cover flood damage, but you can buy a separate flood insurance policy.
While the National Flood Insurance Program (NFIP) offers government-backed coverage, you may be able to find a policy through a private insurance company. Private insurers typically offer higher coverage limits and more flexible terms.
Factors That Affect Home Insurance Costs in Colorado
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Your home’s value isn’t the only factor affecting your home insurance costs in Colorado. Several additional variables determine how much you’ll pay for property insurance.
The home itself: Your home’s age, size, construction materials, and roof type help determine your coverage needs and premium. Older homes or those with wood shingle roofs often cost more to insure.
Where you’re located: You’ll usually pay more if you live in a disaster-prone area like Tornado Alley in eastern Colorado, or if your property is in the mountains and far away from a fire department or hydrant.
How you structure your policy: Your deductible amount, coverage types and limits, and optional endorsements (like sewer backup or earthquake coverage) can either raise or lower your premium.
Your background: Insurers consider your personal background to assess risk when underwriting your policy. Your credit history, claims history, prior insurance coverage, and even your occupation can all influence your premium.
Colorado Home Insurance FAQs
For more information about Colorado home insurance, see the answers to common questions homeowners ask below.
How much is home insurance in Colorado?
Home insurance costs in Colorado average $220 per month for a policy with $300,000 in dwelling coverage, according to Compare.com data. Coloradans typically pay some of the highest premiums in the country due to hail, severe storms, and wildfire risk. But prices vary widely based on your home’s features, age, size, coverage choices, and ZIP code.
What’s the best home insurance company in Colorado?
The best home insurance company in Colorado depends on your needs, budget, home type, and risk exposure. That said, our top picks for Colorado homeowners include Amica, Chubb, and Grange. Comparing insurance quotes can help you find the best company and price.
Which company has the cheapest homeowners insurance in Colorado?
The cheapest home insurer in Colorado varies by homeowner, as rates depend on your coverage needs, deductible, claims history, and ZIP code. In general, Allstate has some of the cheapest rates, averaging $112 per month for a policy with $300,000 in dwelling coverage and a $1,000 deductible.
Is home insurance required by law in Colorado?
No. Homeowners insurance isn’t required by law in Colorado. Still, mortgage lenders require you to maintain coverage for the life of your loan to protect the property.
What are common exclusions in Colorado home insurance policies?
Home insurance policies in Colorado typically exclude flooding and earthquakes. You can usually get a separate policy or endorsement if you need coverage.
What does homeowners insurance typically cover in Colorado?
Homeowners insurance policies in Colorado typically cover your home, other structures on your property, your personal belongings, personal liability, and additional living expenses after a covered loss.
What natural disasters are typically covered by homeowners insurance in Colorado?
Colorado home insurance policies typically cover hail, wind, lightning, storms, and wildfires. Damage from earthquakes and floods is usually excluded, so you’ll need a separate insurance policy or endorsement for coverage.
Methodology
Compare.com data scientists analyzed rates from more than 180 home insurance companies sourced directly from Compare.com’s partner companies and Quadrant Information Services. Rates span all 50 states and Washington, D.C., and quote averages represent the mean price for a given coverage level and geographic area. To ensure data reliability, only insurers meeting minimum quote thresholds were included in the analysis.
Unless otherwise specified, quoted rates reflect the average cost for homeowners with no prior claims and good credit with a home construction year of 1980. The default coverage assumptions include:
- Dwelling coverage: $300,000
- Deductible: $1,000
- Personal property limit: $25,000
- Liability limit: $300,000
Additional data points beyond these default values are sourced from Compare.com’s proprietary database. Rates are updated monthly.
Sources
- Rocky Mountain Insurance Information Association. "Catastrophe Facts & Statistics."
- The Denver Post. "As premiums skyrocket, Colorado now one of most expensive states in U.S. for home insurance."
- J.D. Power. "2025 U.S. Home Insurance Study."
- J.D. Power. "2025 U.S. Property Claims Satisfaction Study."
- Metro Denver Economic Development Corporation. "Colorado Property & Casualty Insurance Report."
- Colorado Department of Regulatory Agencies, Division of Insurance. "Toolkit for Homeowners and HOAs on Insurance - Information and FAQs."
- Insurance Information Institute. "Homeowners Insurance Basics."
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Mandy SleightInsurance Writer
Mandy Sleight has over 15 years of insurance knowledge and expertise in auto, home, life, health, pet, supplemental benefits, and other insurance products. She’s a sought-after insurance expert, appearing in Bankrate.com, Moneygeek.com, U.S. News & World Report, Reviews.com, CNET, and other publications, and she's been writing for Compare.com since 2023.
Mandy uses her background and experience working for well-known insurance companies like State Farm and Nationwide Insurance to create engaging and easy-to-understand content that helps readers make smarter insurance choices that have a positive effect on their budgets and finances.
Becky HelzerEditor
Becky Helzer is an insurance and personal finance editor who has worked with Compare.com since 2025. A seasoned editor, Becky has experience working with content across several industries, including P&C insurance, home finance, technology, and home improvement. She has a passion for breaking down complex topics into clear, easy-to-understand copy.
Becky earned a bachelor’s degree in technical journalism from Colorado State University.
John LeachLicensed P&C Insurance Agent and Expert Reviewer
Licensed property and casualty insurance agent
10+ years editing experience
NPN: 20461358
John Leach is a licensed insurance agent who reviews and fact-checks articles for Compare.com. John has several years of experience reviewing and editing various insurance topics, and he also holds a valid personal lines producer license from the California Department of Insurance (NPN #20461358).