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The Best Homeowners Insurance Companies in Colorado

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    Reviews Report

    • Auto-Owners is the best home insurance company in Colorado for military service members, earning a 4.8 out 5 Reviews.com score.
    • Auto-Owners is also the cheapest Colorado home insurance company, with $1,110.28 average premiums per year.
    • Colorado homeowners who are looking for the best discounts should consider Allstate home insurance.

    If you are in the market for homeowners insurance in Colorado, it can be challenging to figure out which company is right for you. To simplify your shopping experience, we did some research to find the best homeowners insurance in Colorado.

    We determined that the top providers in Colorado are Auto-Owners, USAA, Allstate, American Family, Travelers, and State Farm. We chose these providers based on their average rates, coverage options, discounts, financial strength scores, and third-party ratings.

    Reviews.com used Quadrant data for average home insurance premiums in Colorado, and a unique in-house methodology to compare discounts, coverage, and third-party evaluations to rank and review the best home insurance in Colorado. Compare quotes from carriers that provide home insurance in Colorado to make sure you get the best homeowners insurance rates available.

    The 6 Best Home Insurance Companies in Colorado

    • Auto-Owners: Best Colorado Home Insurance for Affordable Coverage
    • USAA: Best Colorado Home Insurance for Military Members and Families
    • Allstate: Best Colorado Home Insurance for Discounts
    • American Family: Best Colorado Home Insurance for New Homebuyers
    • Travelers: Best Colorado Home Insurance for Sustainable Homes
    • State Farm: Best Colorado Home Insurance for Policy Bundling

    Compare the Best Home Insurance Companies in Colorado

    Average Annual Premiums* AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim. Reviews.com Score Score is based on company’s customer experience, financial stability, and coverage options. AM Best Financial Strength AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim. J.D. Power Customer Satisfaction** J.D. Power scores are based on surveys for customer satisfaction and product quality.
    Pin Auto-Owners$1,110.284.8A++843
    Pin USAA$2,615.103.8A++889
    Pin Allstate$2,672.193.8A+829
    Pin American Family$2,093.823.6A821
    Pin Travelers$1,773.463.2A++803
    Pin State Farm$2,372.852.8A++829

    Information accurate as of June 2021

    * Data provided by Coverage.com

    **J.D. Power 2020 Home Insurance Satisfaction Study. Based on a 1,000-point scale.

    Auto-Owners

    Best for Affordable Coverage

    Why we chose it

    Auto-Owners offers some of the cheapest home insurance coverage in Colorado, which makes it a great option for homeowners who want an affordable policy that won’t break their budget.
    • 4.8 Reviews Score Score is based on company’s customer experience, financial stability, and coverage options.
    • $1,110.28* Average Premium Pricing data comes from our partners at Coverage.com.
    • A++ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 843** J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

    Why we chose it

    Auto-Owners offers some of the cheapest home insurance coverage in Colorado, which makes it a great option for homeowners who want an affordable policy that won’t break their budget.

    Pros

    • Lower premiums on average
    • Excellent financial strength
    • Variety of discounts

    Cons

    • Must work with agent to buy policy
    • No option to get a quote online
    Read More

    Add-on Coverage

    • Guaranteed home replacement cost
    • Special personal property 
    • Homeowners Plus package
    • Identity theft expense
    • Water backup/sump pump
    • Ordinance/law 
    • Equipment breakdown

    Discounts Available

    • Multi-policy
    • Life multi-policy
    • Payment history
    • Paperless
    • Protective devices
    • Automatic backup generator
    • Pay in full
    • Advance quote
    • Water shut off system
    • Mortgage-free
    • Favorable loss

    More Auto-Owners Insurance Reviews

    USAA

    Best for Military Members and Families

    Why we chose it

    USAA is a highly rated insurance company that exclusively serves Colorado homeowners who are retired or active duty military personnel.The company is known for its low rates and exceptional customer service.
    • 3.8 Reviews Score Score is based on company’s customer experience, financial stability, and coverage options.
    • $2,615.10* Average Premium Pricing data comes from our partners at Coverage.com.
    • A++ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 889** J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

    Why we chose it

    USAA is a highly rated insurance company that exclusively serves Colorado homeowners who are retired or active duty military personnel.The company is known for its low rates and exceptional customer service.

    Pros

    • Outstanding customer service rating
    • Policies tailored to military family needs
    • Competitive pricing
    • Replacement cost coverage is standard for personal items

    Cons

    • Only available to current and former military members and their families
    • Limited coverage options and discounts
    • Few branch locations
    Read More

    Add-on Coverage

    • Home sharing 
    • Earthquake

    Discounts Available

    • Multi-policy
    • Home security system
    • Claim-free

    More USAA Insurance Reviews

    Allstate

    Best for Discounts

    why we chose it

    Allstate’s generous discounts help Colorado homeowners get a lower premium, making the company a good choice for anyone who’s looking to save a few dollars on their premium costs.
    • 3.8 Reviews Score Score is based on company’s customer experience, financial stability, and coverage options.
    • $2,672.19* Average Premium Pricing data comes from our partners at Coverage.com.
    • A+ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 829** J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

    Why we chose it

    Allstate’s generous discounts help Colorado homeowners get a lower premium, making the company a good choice for anyone who’s looking to save a few dollars on their premium costs.

    Pros

    • Diverse discount opportunities
    • Informative website and digital tools
    • Good variety of endorsements for customized coverage

    Cons

    • More expensive premiums than competitors
    • High number of NAIC complaints
    • Replacement cost coverage isn’t standard
    Read More

    Add-on Coverage

    • HostAdvantage insurance
    • Flood insurance
    • Identity theft restoration 
    • Water backup 
    • Scheduled personal property
    • Business property 
    • Sports equipment 
    • Green improvement reimbursement coverage
    • Yard and garden 
    • Electronic data recovery coverage
    • Musical instrument

    Discounts Available

    • Multi-policy
    • Responsible payer
    • Claim-free
    • Welcome and loyalty
    • Homebuyer
    • Automatic payments
    • Protective device
    • Early signing

    More Allstate Insurance Reviews

    American Family

    Best for New Homebuyers

    why we chose it

    New homeowners in Colorado who are buying insurance for the first time should consider American Family, which makes it easy to decide what type of coverage you need through its online policy comparisons and calculators.
    • 3.6 Reviews Score Score is based on company’s customer experience, financial stability, and coverage options.
    • $2,093.82* Average Premium Pricing data comes from our partners at Coverage.com.
    • A AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 821** J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

    Why we chose it

    New homeowners in Colorado who are buying insurance for the first time should consider American Family, which makes it easy to decide what type of coverage you need through its online policy comparisons and calculators.

    Pros

    • Customizable coverage options
    • Good customer satisfaction ratings and 24/7 claims center
    • Strong financial ratings
    • Helpful digital resources for new homebuyers

    Cons

    • Not available in every state
    • Doesn’t have the best financial strength rating
    • Only a few add-on coverage available
    Read More

    Add-on Coverage

    • Equipment breakdown
    • Water backup/sump pump
    • Matching siding protection
    • Credit theft protection

    Discounts Available

    • Smart home device
    • Multi-policy
    • Newer home
    • Renovated home
    • Loyal customer
    • Autopay
    • Pay in full
    • Paperless billing
    • Generational customer

    More American Family Insurance Reviews

    Travelers

    Best for Sustainable Homes

    why we chose it

    Colorado homeowners who own a home that is built with eco-friendly materials can take advantage of special coverages and discounts that protect their green home, and reward them for living sustainably.
    • 3.6 Reviews Score Score is based on company’s customer experience, financial stability, and coverage options.
    • $1,773.46* Average Premium Pricing data comes from our partners at Coverage.com.
    • A++ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 803** J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

    Why we chose it

    Colorado homeowners who own a home that is built with eco-friendly materials can take advantage of special coverages and discounts that protect their green home, and reward them for living sustainably.

    Pros

    • Slightly lower premiums than competitors
    • Specialty coverages and discounts for green homes
    • High financial strength rating

    Cons

    Read More

    Add-on Coverage

    • Special personal property
    • Contents replacement cost
    • Additional replacement cost protection
    • Jewelry and valuables
    • Personal articles floater
    • Water backup/sump pump
    • Green home
    • Identity fraud

    Discounts Available

    • Multi-policy
    • Homebuyer
    • Loss-free
    • Protective device
    • Green home

    More Travelers Insurance Reviews

    State Farm

    Best for Policy Bundling

    why we chose it

    State Farm has one of the best policy bundling discounts, with average savings of up to $965. It’s a great option for Colorado homeowners who want to insure their home and car with the same company.

    • 2.8 Reviews Score Score is based on company’s customer experience, financial stability, and coverage options.
    • $2,372.85* Average Premium Pricing data comes from our partners at Coverage.com.
    • A++ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 829** J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

    Why we chose it

    State Farm has one of the best policy bundling discounts, with average savings of up to $965. It’s a great option for Colorado homeowners who want to insure their home and car with the same company.

    Pros

    • Excellent financial strength rating
    • Great discounts and policy bundling opportunities
    • Strong reputation in the industry
    • Some helpful online tools and resources

    Cons

    • Very high number of complaints
    • Higher average premiums than competitors
    • Only a few endorsements available
    Read More

    Add-on Coverage

    • Earthquake insurance
    • Flood insurance
    • Identity theft coverage
    • Valuables coverages

    Discounts Available

    • Multi-policy
    • Impact-resistant roof
    • Home security system

    More State Farm Insurance Reviews

    The Cheapest Homeowners Insurance Companies in Colorado

    Largest Companies by Market Share in Colorado Average Annual Premium 
    State Auto Prop & Cas Ins Co$664
    Owners Ins Co$814
    Grange Ins Assn$905
    Chubb$1,409
    USAA$1,568
    Travelers$1,613
    Garrison Prop & Cas Ins$1,647
    American Family Insurance$1,745
    Allstate$1,905
    Shelter Mut Ins Co$2,112
    State Farm$2,187
    Encompass$2,383
    First Liberty Ins Corp$3,952
    Farmers Insurance$4,406

    Cost of Homeowners Insurance by Age of Home

    Age of Home (years) Sample Annual Premium 
    5$2,074
    20$3,002
    35$2,931
    50$2,907
    Average Across Ages$2,729

    Top 3 Cheapest Homeowner Insurance Companies in Colorado

    • State Auto Property & Casualty Insurance Co.: $664
    • Owners Insurance Co.: $814
    • Grange Insurance: $905

    Top 3 Most Expensive Homeowner Insurance Companies in Colorado

    • Farmers Insurance: $4,406
    • First Liberty Insurance Corporation: $3,952
    • Encompass: $2,383

    Common Home Insurance Perils in Colorado 

    There are a handful of common home insurance perils that homeowners in Colorado should be aware of. Understanding these risks can help you decide what type of coverage you might need, and how much coverage is necessary for your home.

    One of the most prevalent Colorado home insurance perils are wildfires, which are becoming more common due to climate change. According to the III, Colorado has the third highest risk of wildfires in the country, only behind California and Texas. An estimated 371,100 properties, or 17% of the homes in the state, could get damaged or destroyed by a wildfire.

    Another common peril is flooding, which is often caused by heavy rain and snow melt. The last major flood in Colorado occurred in 2013, when 1,600 homes were destroyed after multiple heavy rain storms. However, Colorado officials say that every county in the state has at least a few areas that are prone to flooding year-round.

    Add-on home insurance coverage in Colorado

    Standard Colorado home insurance policies are pretty comprehensive. You can check your policy’s declaration page to see exactly what your policy does and does not cover. However, Colorado homeowners can benefit from purchasing certain optional coverages for added protection. 

    Flood insurance is one of the most important policies to have because standard Colorado home insurance doesn’t cover water damage or flooding. All of the providers we reviewed sell flood insurance through the federally-funded National Flood Insurance Program (NFIP). Along with that, many homeowners can benefit from purchasing replacement cost coverage for their dwelling or personal belongings, which provides a bigger payout after a covered loss. 

    If you keep jewelry or other valuable items in your home, you should also consider getting valuables coverage or scheduled personal property coverage added to your home insurance in Colorado, which is available from all the providers we reviewed. This endorsement raises your coverage limits for certain items that would otherwise be covered at a very low limit.

    For Colorado homeowners who need some extra help deciding how much or what type of coverage to get, check out these resources:

    Colorado Home Insurance FAQ

    Methodology

    We evaluated Colorado home insurance companies based on availability, customer satisfaction, financial stability, and coverage to determine Reviews.com score and create our best home insurance reviews. To compare home insurance companies with other providers across the board, we calculate each Reviews.com score based on the following:

    • Coverage: The more options a home insurance company has for insurance add-ons and coverages, the higher it scores in our methodology.
    • Customer Experience: We reviewed the National Association of Insurance Commissioners’ National Complaint Index and compared each homeowners insurance company’s complaint rating.
    • Customer Satisfaction: With J.D. Power’s 2020 Home Insurance Satisfaction Study, we assigned a score to each company based on the rating it received.
    • Financial Stability: Reviews.com utilized AM Best ratings to assign a score based on each home insurance company’s financial stability.
    • Discounts: We reviewed and compared the number of discounts advertised on each home insurance company’s website. The more available discounts, the higher the score in this metric.

    About the Authors

    Elizabeth Rivelli

    Elizabeth Rivelli Contributing Writer

    Elizabeth Rivelli is an insurance writer for Reviews.com. Over the last year, she has covered insurance providers, best policies, industry trends and more. Elizabeth has been featured in The Simple Dollar, Bankrate and Coverage.com, among others. She holds a bachelor's degree in Communication Studies from Northeastern University in Boston, MA. The Best Term Life Insurance Companies is Elizabeth’s favorite review on Reviews.com.

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