Who Has The Cheapest Renters Insurance Quotes in Colorado?

Find the Cheapest Insurance Quotes in Your Area

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Colorado is well known for its diverse wilderness and many outdoors pursuits but there also are large cities with a lot of renters. We conducted the study below to find out how much the cost to insure the same rented apartment differs across the state. The study evaluated quotes for a sample rental property with roughly 1,000 square feet of living space and $100,000 in liability coverage (rates shown are for comparative purposes) across 57 cities and towns. We found that the gap between costs was as wide as 62% between the most expensive and the cheapest locations in Colorado. Please read below, or enter your zip code to begin getting quotes from a list of renters insurance companies.

Cheapest Renters Insurance in Colorado

To find the cheapest renters insurance in Colorado, we evaluated quotes for a sample rental property of 1,000 square-feet from State Farm, Allstate, Farmers, Liberty Mutual, and Nationwide. We found that State Farm offered the cheapest annual rate for our sample renters policy at $145, which is about 37% cheaper than the average annual rate. Here are the annual rates for the five major companies, ranked from most affordable to least affordable:

RankCheapest Renters Insurance CompanyAverage Annual Rates
1 State Farm $145
2 Allstate 172
3 Farmers 185
4 Liberty Mutual 278
5 Nationwide 362
Average 228

These rates were obtained for a sample property. To find the best quotes for yourself, look up quotes from various companies and compare them.

Best Renters Insurance Rates in Colorado: by City

The places with the cheapest renters insurance in Colorado are all outside the Denver metropolitan area - four are north of Denver and the city of Trinidad is in the southern part of the state. The cheapest city for our sample rental property, Longmont, costs 16% lower than the average for the state.   

RankCityAverage Annual Rates% Difference vs State Average
1 Longmont $193 -16%
2 Fort Collins 195 -15%
3 Boulder 197 -14%
4 Trinidad 199 -13%
5 Loveland 201 -12%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

Longmont, CO

According to our study, Longmont has the cheapest renters insurance rates in Colorado; premiums are 16% lower for our sample property than the average for the state. In addition to lower renters insurance, the city has a lot to celebrate. It has more than 300 days of sunshine each year and is home to eight beer breweries. Residents in Longmont are also 45 miles or less from several beautiful natural destinations like Rocky Mountain National Park, Longs Peak, or Roosevelt National Forest, and cities like Denver and Boulder.

Fort Collins, CO

Located along the Cache La Poudre River, Fort Collins is home to roughly 150,000 residents, making it one of the most populous cities in Colorado. It was founded as a U.S. Army outpost in 1854 and has a culture largely centered on Colorado State University, with is located there. Second only to Longmont, residents have some of the cheapest renters insurance in the state. Quotes to insure our sample property are 15% lower than the average for the state.

Boulder, CO

Boulder is often cited as one of the nation's most desirable places to live. The city's natural beauty, abundant recreational options, and lively cultural atmosphere are just a few reasons many are drawn to the city. In 2006 alone, Boulder received accolades from more than 20 national publications for being among the top cities in various categories. Renters insurance premiums for our sample property are 14% less in Boulder compared to the average for same property in Colorado.

Trinidad, CO

The name Trinidad, derived from the Spanish word for 'trinity,' is believed to have been chosen for city after the daughter of an early settler named Trinidad Baca. The city was officially incorporated into the state in the year 1879. Trinidad’s renters insurance rates for our sample property are 13% lower than the state average for the property.

Loveland, CO

Loveland was founded in 1877 and named in honor of the president of the Colorado Central Railroad, William A.H. Loveland. Agriculture was the primary occupation in this area until the first half of the 20th century. Sugar beets and sour cherries were grown in this region. Manufacturing facilities arrived in the city in the later part of the 20th century after a series of droughts destroyed the area cherry orchards. According to an AllBusiness study in 2006, Loveland was the 8th best metro area for women entrepreneurs in the country. It also is the fifth cheapest place for renters insurance in Colorado, with quotes for our sample property 12% lower than the average for the state. 

Most Expensive Renters Insurance in Colorado

Unlike the cheapest places in Colorado, which are somewhat consolidated north of Denver, the most expensive places to insure the sample rental property are throughout the state. Denver is noticeably more expensive than the others, with quotes to insure the sample property 27% higher than the average for the state.

RankCityAverage Annual Rates% Difference vs State Average
1 Denver $313 37%
2 Federal Heights 258 13%
3 Glenwood Springs 257 12%
4 Rifle 255 11%
5 Pueblo 253 10%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

Denver, CO

Founded as a mining town in 1858, Denver is now the 21st most populous city in the U.S., and renters and homeowners alike have a lot at their disposal. It’s known for its vicinity to the Rocky Mountains, near by outdoor pursuits and its sports teams in four major professional leagues. Just west of downtown is new, 76,000-seat Invesco Field at Mile High, home of the NFL's Denver Broncos and soccer's Colorado Rapids. The stadium also houses the Colorado Sports Hall of Fame. In Denver's Lower Downtown, 50,000-seat Coors Field hosts baseball's Colorado Rockies. Denver has the most expensive renters insurance rates for our sample property. Premiums are 37% higher than the average for the property in the state.

Federal Heights, CO

Harvey Larsen was the first permanent settler of Federal Heights. He worked for the Colorado & Southern Railroad, purchased 2.5 acres of land in the area, then went on to open the first business establishment - a grocery and supplies store. Federal Heights was officially incorporated as town in 1940. Tenants in Federal Heights don’t pay as much to insure the sample property as others in Colorado, but rates are still 13% higher than the average for the state.

Glenwood Springs, CO

Glenwood was established by Isaac Cooper in 1883 as the town of Defiance, Colorado but the name was changed to Glenwood Springs at the request of the founder of the town's wife, Sarah. She named the town after her own hometown, Glenwood, Iowa. The area's hot springs and nearby mountains made Glenwood Springs a popular tourist destination, in addition to the mining and other industries that spurred the towns growth. Renters insurance quotes for the sample property also are 12% higher in Glenwood Springs than the average rate for the state.

Rifle, CO

The city of Rifle gets its name from a trapper who once left his rifle along a creek in the region; from then on, the city has been known as Rifle. Founded by Abram Maxfield in 1882, the city at the base of the “Bookcliffs” was officially incorporated in 1905. Rifle Falls is a popular tourist destination and Rifle Mountain Park is known for it's climbing. Renters insurance premiums for the sample property are 11% higher than the average for the property in Colorado.

Pueblo, CO

At the confluence of the Arkansas River and Fountain Creek, Pueblo is located in flat, semi-arid desert land. The city was was the sixth most affordable place to live in the U.S., according to the 2014 Cost of Living Index. It's a great place for hiking, golf and other outdoor pursuits. Residents of Pueblo pay 10% more than the state average to insure the sample rental property.

Average Cost of Renters Insurance Rates: by City

Our comparative study of renters insurance in Colorado was done by gathering and analyzing quotes from five major carriers in 57 cities across the state. We then calculated a mean renters insurance premium for Colorado of $229 and compared it to rates in individual cities. Our analysis showed that the most expensive renters insurance rates in Colorado were 62% higher than the cheapest in the state. This difference is significant compared to other state. For example, the most expensive city in Delaware is only 7% more expensive that the cheapest, while the most expensive in Texas is 74% more than the cheapest.  

Here we graph the costs in Colorado from the most affordable renters insurance places to the least

Study Methodology

Our study examined renters insurance quotes for a 1,000-square-foot residence with at least $25,000 in personal property coverage and $100,000 in liability coverage. We then collected quotes for that sample residence from five of the major carriers that offer a renters insurance product in the state of Colorado. We averaged rates for the sample home in each city as a benchmark to show which cities are relatively cheaper or more expensive. Those comparative values are not indicative of what tenants can expect to pay for an annual renters insurance premium. 

RankCityAverage Annual Rates% Difference vs State Average
19 Alamosa $219 -4%
12 Arvada 211 -8%
48 Aspen 246 7%
26 Aurora 225 -2%
45 Avon 240 5%
3 Boulder 197 -14%
34 Brighton 235 3%
20 Broomfield 220 -4%
51 Castle Pines North 250 9%
25 Castle Rock 224 -2%
13 Centennial 211 -8%
41 Colorado Springs 239 4%
30 Commerce 232 1%
35 Cortez 235 3%
52 Craig 250 9%
49 Delta 247 8%
57 Denver 313 37%
7 Durango 205 -11%
43 Eagle 240 5%
36 Englewood 236 3%
39 Erie 237 4%
46 Evans 241 5%
56 Federal Heights 258 13%
16 Firestone 218 -5%
2 Fort Collins 195 -15%
11 Fort Lupton 210 -8%
44 Fountain 240 5%
47 Frederick 242 6%
33 Fruita 233 2%
55 Glenwood Springs 257 12%
28 Golden 226 -1%
27 Grand Junction 226 -1%
17 Greeley 219 -4%
40 Greenwood Village 238 4%
29 Gypsum 231 1%
8 La Junta 206 -10%
18 Lafayette 219 -4%
22 Lakewood 220 -4%
15 Lamar 216 -6%
32 Littleton 233 2%
37 Lone Tree 237 3%
1 Longmont 193 -16%
23 Louisville 222 -3%
5 Loveland 201 -12%
42 Montrose 239 4%
38 Northglenn 237 4%
21 Parker 220 -4%
53 Pueblo 253 10%
54 Rifle 255 11%
50 Steamboat Springs 248 8%
24 Superior 222 -3%
31 Thornton 232 2%
4 Trinidad 199 -13%
10 Westminster 208 -9%
6 Wheat Ridge 205 -11%
9 Windsor 207 -10%
14 Woodland Park 216 -6%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

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