Who Has the Cheapest Homeowners Insurance Quotes in Colorado?

Find the Cheapest Homeowners Insurance Quotes in Your Area

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The Centennial State, so named because it became a state in 1876 (100 years after our nation was founded), doesn't have the cheapest homeowners insurance rates in the US nor the most expensive. They rank as having the 19th highest premium costs nationally. Across the state homeowners can pay significantly more in certain areas than others. In fact, the most expensive Colorado city for home insurance is more than twice as expensive as the cheapest. Keep reading below to find out more:

Cheapest Homeowners Insurance Companies in Colorado

Colorado's home insurance companies offer a wide variety of rates. As such, we always recommend that readers request rates from 4-5 companies to ensure they're getting the best deal on the market. Below you can check out the annual premiums for 26 of the top companies operating in the state. Alliance, Colorado Farm Bureau, Allstate, Nationwide, and AAA were the cheapest companies for homeowners insurance in Colorado.

A study by ValuePenguin found the insurer with the best homeowners insurance rates in Colorado was Alliance Insurance.

Find the Cheapest Homeowners Insurance Quotes in Your Area

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Best Homeowners Insurance Rates in Colorado: by City

Our two most affordable cities in Colorado both reside in the western half of the state with the Rocky Mountains separating them from the majority of Colorado's population in cities like Denver and Colorado Springs.

Grand Junction

The largest, western-most city in Colorado, Grand Junction sits only a 35 minute drive from the Utah/Colorado border and just north of the beautiful red rock formations found at the Colorado National Monument. Like many parts of Colorado, Grand Junction is a great town for outdoor activities: from mountain biking, to camping, to rafting, you can find it all in and around Grand Junction. In regards to homeowners insurance prices, the area is also quite fortunate. Rates in Grand Junction are the lowest in the state at $815 per year, 33% cheaper than the state average.

Steamboat Springs

Another city that lies in the western half of the state on the outskirts of the Routt Nation Forest, Steamboat Springs is renowned for its family-friendly ski resort. But when the weather warms up there's still plenty to see and do in Steamboat like the quirky Yampa River Festival. An annual tradition that features unique events like the Crazy River Dog Contest and the Tube Rodeo. Homeowners in Steamboat, likes its western Colorado colleague Grand Junction, also have incredibly affordable insurance rates. At 32% less than average, Grand Junction residents pay about $822 each year to insure their homes.

Most Expensive Homeowners Insurance in Colorado

Both of the two most expensive cities for homeowners insurance rank highly for different reasons. Sterling (and Logan County) have seen some large tornadoes over the years, including one of the state's biggest in 2000: an F3 that was almost one mile wide and did $750,000 in damage. Conversely, Pueblo has much lower natural disaster risk but it does have a seriously high property crime rate (2.5x the national average).


A town of less than 20,000 people, Sterling resides in Colorado's northeast reaches where you're only a 28 mile drive from the southern border of Nebraska but 130 miles from downtown Denver. The town is largely a farming community and although small, is still home to a university (Northeastern Junior College) in addition to one of the top ranked school districts in Colorado. Beyond that, the cost of living is generally very affordable in Sterling at 15-20% below the national average. The exception to this is home insurance rates. They are the highest in Colorado at an average of $1,679 per year or 39% higher than average.


Once a mining town that attracted those looking for coal, Pueblo is now a town with slightly over 100,000 residents living inside of the city limits, and is located down I-25 about 40 miles south of Colorado Springs. Pueblo has become well known for its diverse food options with a large percentage of its population of Hispanic, Italian, and Slovenian descents. The city has also been acknowledged as a great place to retire by AARP! Its low cost of living combined with lots of outdoor activity options year-round make it an attractive destination. When it comes to your house however, homeowners can expect a much higher cost of insuring it than they would in other cities throughout the state. Rates are in the $1,662 range or 32% higher than normal.

Cost of Homeowners Insurance in Colorado: by City

Our selection of Colorado cities looks at many of the most populous cities in the state in addition to cities small and large that are spread geographically throughout Colorado. Assuming your city isn't in the list, we suggest finding a comparable sized town in your area of the state as a point of comparison.

In Colorado, a ValuePenguin study showed the average cost of homeowners insurance for a sample policy and residence was $1,209.

ValuePenguin's Methodology

Rates for homeowners insurance in Colorado assume a home replacement cost of $200,000, content replacement cost of $160,000, personal liability of $100,000, $1,000 in medical expense coverage and a $500 deductible. For city rates, we averaged premiums from each of the insurers listed to arrive at our city total. For insurer rates, we averaged premiums from each of the 24 cities to arrive at our insurance company totals.

Also, here are the list of towns we used for our study in alphabetical order:


Average Annual Rate









Colorado Springs










Estes Park


Fort Collins


Fort Morgan


Glenwood Springs


Grand Junction




La Junta






Littleton/Highlands Ranch




Steamboat Springs








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