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Best homeowners insurance in Colorado for 2022

Carol Pope is an insurance writer for Bankrate and prior to joining the team, she spent 12 years as an auto insurance agent. During this time, she sold, serviced and underwrote auto insurance for people across the country. She also has experience selling supplement coverage such as umbrella insurance. Maggie Kempken is an insurance editor for Bankrate. She helps manage the creation of insurance content that meets the highest quality standards for accuracy and clarity to help Bankrate readers navigate complex information about home, auto and life insurance. She also focuses on ensuring that Bankrate’s insurance content represents and adheres to the Bankrate brand. Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance. Updated Nov 07, 2022

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What To Know First

Collapse Caret Up Homeowners insurance in Colorado can be more expensive than the rest of the nation. On , Colorado homeowners are paying about $480 more per year for $250,000 in dwelling coverage when compared to homeowners nationwide. And while homeowners insurance isn't mandatory like car insurance may be, a homeowners insurance policy could still be critical to protecting what is likely one of your most valuable assets. That's because homeowners insurance provides coverage for rebuilding or repairing your home after a covered loss, along with personal liability and personal property coverage as well. It may also be possible to find the coverage you need at a price that fits your budget. You can get started by taking a look at Bankrate's picks for the in Colorado based on average premiums, policy options, customer satisfaction ratings and ongoing financial strength. Collapse

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Founded in 1976, Bankrate has a long track record of helping people make smart financial choices. We've maintained this reputation for over four decades by demystifying the financial decision-making process and giving people confidence in which actions to take next. Bankrate follows a strict , so you can trust that we're putting your interests first. All of our content is authored by and edited by , who ensure everything we publish is objective, accurate and trustworthy. Our insurance team is composed of agents, data analysts, and customers like you. They focus on the points consumers care about most - price, customer service, policy features and savings opportunities - so you can feel confident about which provider is right for you. We guide you throughout your search and help you understand your coverage options. We provide up-to-date, reliable market information to help you make confident decisions. We reduce industry jargon so you get the clearest form of information possible. All providers discussed on our site are vetted based on the value they provide. And we constantly review our criteria to ensure we're putting accuracy first.

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Homeowners insurance in Colorado can be more expensive than the rest of the nation. On , Colorado homeowners are paying about $480 more per year for $250,000 in dwelling coverage when compared to homeowners nationwide. And while homeowners insurance isn't mandatory like car insurance may be, a homeowners insurance policy could still be critical to protecting what is likely one of your most valuable assets. That's because homeowners insurance provides coverage for rebuilding or repairing your home after a covered loss, along with personal liability and personal property coverage as well. It may also be possible to find the coverage you need at a price that fits your budget. You can get started by taking a look at Bankrate's picks for the in Colorado based on average premiums, policy options, customer satisfaction ratings and ongoing financial strength. Key Takeaways USAA, Allstate and State Farm offered some of the cheapest average home insurance rates in Colorado. Fire, water damage and hail damage are three of the most common hazards Colorado homeowners may face. See more This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Compare home insurance rates

Answer a few questions to see personalized rates from top carriers. Continue Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Quick Facts $382/year average savings through Bankrate 2 out of 3 homes are underinsured 1 out of every 20 insured homes makes a claim each year 100% of homes need insurance before getting a mortgage Bankrate See more providers in Choose from insurers in Show More Mortgage

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Return to form Homeowners insurance in Colorado can be more expensive than the rest of the nation. On , Colorado homeowners are paying about $480 more per year for $250,000 in dwelling coverage when compared to homeowners nationwide. And while homeowners insurance isn't mandatory like car insurance may be, a homeowners insurance policy could still be critical to protecting what is likely one of your most valuable assets. That's because homeowners insurance provides coverage for rebuilding or repairing your home after a covered loss, along with personal liability and personal property coverage as well. It may also be possible to find the coverage you need at a price that fits your budget. You can get started by taking a look at Bankrate's picks for the in Colorado based on average premiums, policy options, customer satisfaction ratings and ongoing financial strength. Key Takeaways USAA, Allstate and State Farm offered some of the cheapest average home insurance rates in Colorado. Fire, water damage and hail damage are three of the most common hazards Colorado homeowners may face. See more This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Compare home insurance rates

Answer a few questions to see personalized rates from top carriers. Continue Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Quick Facts $382/year average savings through Bankrate 2 out of 3 homes are underinsured 1 out of every 20 insured homes makes a claim each year 100% of homes need insurance before getting a mortgage Bankrate See more providers in Choose from insurers in Show More Mortgage

Leaving so soon Your custom quotes are just minutes away

Return to form Homeowners insurance in Colorado can be more expensive than the rest of the nation. On , Colorado homeowners are paying about $480 more per year for $250,000 in dwelling coverage when compared to homeowners nationwide. And while homeowners insurance isn't mandatory like car insurance may be, a homeowners insurance policy could still be critical to protecting what is likely one of your most valuable assets. That's because homeowners insurance provides coverage for rebuilding or repairing your home after a covered loss, along with personal liability and personal property coverage as well. It may also be possible to find the coverage you need at a price that fits your budget. You can get started by taking a look at Bankrate's picks for the in Colorado based on average premiums, policy options, customer satisfaction ratings and ongoing financial strength. Key Takeaways USAA, Allstate and State Farm offered some of the cheapest average home insurance rates in Colorado. Fire, water damage and hail damage are three of the most common hazards Colorado homeowners may face. See more This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Compare home insurance rates

Answer a few questions to see personalized rates from top carriers. Continue Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Quick Facts $382/year average savings through Bankrate 2 out of 3 homes are underinsured 1 out of every 20 insured homes makes a claim each year 100% of homes need insurance before getting a mortgage Bankrate See more providers in Choose from insurers in Show More Mortgage

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Return to form Compare rates and save on home insurance today! Get quotes Close X Compare rates and save on home insurance today! Get quotes Close X Compare rates and save on home insurance today! Get quotes Close X

How Bankrate chose the best home insurance companies in Colorado

Choosing the best homeowners insurance in Colorado started with reviewing all the largest insurance carriers by market share. From there, Bankrate's team of insurance experts used a series of key metrics to assess companies, including average premium data from Quadrant Information Services, policy options and discount opportunities, third-party ratings by rating agencies and more. To help summarize our findings, we rated each company with our Bankrate Score. The better a company performed in each of these metrics, the higher its overall Bankrate Score for a maximum score of 5 out of 5. As you read through our picks for the best home insurance companies in Colorado, our Bankrate Score can help you quickly compare different carriers to see which might work best for you.

Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on 40-year-old male and female homeowners with a clean claim history, good credit and the following coverage limits: Coverage A, Dwelling: $250,000 Coverage B, Other Structures: $25,000 Coverage C, Personal Property: $125,000 Coverage D, Loss of Use: $50,000 Coverage E, Liability: $300,000 Coverage F, Medical Payments: $1,000 The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required). These are sample rates and should be used for comparative purposes only. Your quotes will differ.

Credit: Rates were calculated based on the following insurance credit tiers assigned to our homeowners: "poor, average, good (base), and excellent." Insurance credit tiers factor in your official credit scores but are not dependent on that variable alone. The following states do not allow credit to be a factor in determining home insurance rates: California, Maryland, Massachusetts.

Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. We know it is important for homeowners to be confident their financial protection covers the likeliest risks, is priced competitively and is provided by a financially-sound company with a history of positive customer support.

To determine how well the best home insurance companies satisfy these priorities, third-party agency ratings from , , , , and Moody's had the most impact on the companies' Bankrate Scores. As price is a common consideration for homeowners, we analyzed quoted premiums based on 40-year-old male and female homeowners with a home policy with $250,000 in dwelling coverage. This profile, assessed across nearly 35,000 ZIP codes in the U.S., provided a basis on which homeowners may compare each provider.

While coverage options, insurer availability, affordability and customer experience are often the top priorities, Bankrate also analyzed each insurer's online and mobile resources for policy management and claims handling. Insurance is rapidly evolving to keep pace with our digital world, so these aspects also carried weight in determining Bankrate Scores.

Best home insurance companies in Colorado

With an average cost of $1,863 per year for a homeowners insurance policy with $250,000 in dwelling coverage, finding the best Colorado homeowners insurance at an affordable price point is an understandable priority. Based on Bankrate's analysis of average home insurance premiums from Quadrant Information Services, we found that State Farm, American Family, Allstate and California Casualty offer some of the cheapest home insurance rates in the state. USAA offered the cheapest average rates overall, but its eligibility requirements are more strict compared to many other carriers. Additionally, we looked to third-party scoring studies such as the to ensure that the cheapest companies also rank highly in other important metrics, such as customer satisfaction. Insurance Company Average annual premium J.D. Power AM Best Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Average annual premium $1,365 J.D. Power 882 /1,000 AM Best A++ (Superior) Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Average annual premium $2,555 J.D. Power 835 /1,000 AM Best A++ (Superior) Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Average annual premium $1,853 J.D. Power 831 /1,000 AM Best A (Excellent) Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Average annual premium $1,612 J.D. Power 829 /1,000 AM Best A+ (Superior) Average annual premium $1,933 J.D. Power Not rated AM Best B+ (Good) Powered by Coverage.com (NPN: 19966249) This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Compare home insurance rates

Answer a few questions to see personalized rates from top carriers. Continue Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Quick Facts $382/year average savings through Bankrate 2 out of 3 homes are underinsured 1 out of every 20 insured homes makes a claim each year 100% of homes need insurance before getting a mortgage Bankrate See more providers in Choose from insurers in Show More Mortgage

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Return to form *Not officially ranked by J.D. Power due to eligibility restrictions Explore Bankrate's review J.D. Power: AM Best: ++ Avg. annual premium for 250k dwelling $ Company overview USAA consistently earns high scores across J.D. Power consumer satisfaction studies, as well as strong financial strength ratings from AM Best, in part due to its customer service skills and simple claims process that can be completed either by phone or mobile app. However, membership and coverage is only extended to active or retired U.S. military service members and their families. Colorado residents who are either members of the military or eligible relatives of someone who is active-duty or a veteran will be able to take advantage of USAA's many coverage options, including those specific to military uniforms and home sharing, among other standard coverages. And even with these specialized coverages, USAA offers one of the in Colorado. Pros and cons CheckmarkPros Unique coverage add-ons specific to military members and their families Highly rated by J.D. Power and AM Best Close XCons Strict eligibility requirements May not be best for those who prefer to do business in person as there is only one physical office located in Colorado Explore Bankrate's review Explore Bankrate's review J.D. Power: AM Best: ++ Avg. annual premium for 250k dwelling $ Company overview In addition to being the largest homeowners insurance company in the nation, State Farm has a strong J.D. Power customer satisfaction rating and mobile app, which make filing a claim easy. The company's blog offers comprehensive articles on home maintenance, buying and selling your home and homeowners insurance - a great resource, especially if you are new to the world of insurance. Although it has a strong digital presence, State Farm also has at least one throughout Colorado. However, State Farm's average premium is the most expensive on this list, and it doesn't offer as many discount opportunities as other companies. Pros and cons CheckmarkPros Policyholders have the option of doing business in-person or online Scored above segment average in 2022 J.D. Power Home Insurance Study Close XCons Premium may be higher than other companies Few discount opportunities Explore Bankrate's review Explore Bankrate's review J.D. Power: AM Best: Avg. annual premium for 250k dwelling $ Company overview Experts often recommend creating a home inventory to determine your coverage, which American Family makes easy with its downloadable worksheet. Once you have a better idea of the financial protections you might need for your home, you can choose from numerous like water backup, service lines and credit theft to round out your coverage. Because hail and resulting damage to vinyl or metal siding may be more common in Colorado, American Family's matching siding coverage may be especially helpful as it replaces the undamaged siding as well (in case the original siding was discontinued). However, American Family policyholders have complained about the functionality of the company's mobile app. Pros and cons CheckmarkPros Plentiful endorsement options Scored far above the industry average on the 2022 J.D. Power Home Insurance Study Close XCons Digital tools are not as robust as those of other companies May not be the best choice for those who frequently move, as American Family is only available in 19 states. Explore Bankrate's review Explore Bankrate's review J.D. Power: AM Best: + Avg. annual premium for 250k dwelling $ Company overview Colorado homeowners looking for coverage that comes with additional rewards may find Allstate to be an excellent choice. For example, you could on your premium each year you go without filing a claim, or even get $100 off your deductible by the same criteria. If you do file a claim, adding Allstate's RateGuard option to your policy upfront will prevent rate increases for qualifying circumstances. Aside from standard homeowners insurance coverages, there are also special home-sharing options to help cover you from damage or theft when renting your property. However, compared to the other carriers on this list, Allstate received the lowest customer satisfaction scores from J.D. Power. Additionally, Allstate had almost with the National Association of Insurance Commissioners (NAIC) compared to baseline. Pros and cons CheckmarkPros Offers rewards for being claims-free Plenty of agencies located throughout Colorado Close XCons Scored below segment average in 2022 J.D. Power Home Insurance Study More than the average amount of NAIC complaints Explore Bankrate's review Explore Bankrate's review J.D. Power: AM Best: + Avg. annual premium for 250k dwelling $ Company overview California Casualty provides policies catering to those in fields of public safety and education, including firefighters, nurses and teachers. In addition to basic coverage, the regional insurer provides specialized options to insure luggage, fundraising money and fraud. Firefighters and law enforcement officers can also benefit from its unique turnout gear coverage, while attending to one of the Centennial State's seasonal wildfires. California Casualty also makes preventing financial losses from other sorts of damage easy, such as allowing policyholders to directly through them. However, California Casualty received the lowest financial strength rating of all companies on this list from AM Best and its customer satisfaction was not rated by J.D. Power. Pros and cons CheckmarkPros Unique coverage add-ons tailored for those working in public safety and education NFIP flood policies available Close XCons Not rated by J.D. Power Lower AM Best financial strength rating compared to some competitors Explore Bankrate's review

How much is homeowners insurance in Colorado

The average cost of Colorado homeowners insurance is $1,863 per year for a dwelling coverage limit of $250,000. That is significantly higher than the annual national average cost of home insurance, which is $1,383 per year. Colorado's average cost of home insurance is higher than the neighboring state of Utah, where homeowners pay $668 per year on average for $250,000 in dwelling coverage, and is also higher than the average annual cost of homeowners insurance in Wyoming, which is $902 per year for the same dwelling limit. Colorado's volatile weather conditions, including snow and hail storms, are likely responsible for the state's higher premiums.

COLORADO CITY Avg. annual premium for $250K dwelling $2,045 Colorado Springs, Colo. $1,995 Denver, Colo. $2,024 Fort Collins, Colo. $1,436 Thornton, Colo. $1,897 Your yearly cost for property insurance coverage will vary among home insurers depending on a number of factors, from the age of your home, your claims history and your credit-based insurance score. Even the distance of your home from a fire hydrant and fire station can make a significant difference in your premium costs, according to the Insurance Information Institute (Triple-I).

Home insurance in Colorado

As with any state or city, the unique aspects of where you live will likely have a large impact on how you go about choosing the best Colorado homeowners insurance company. For example, someone living near Snowmass may have very different considerations than someone living near Denver to account for weather and cost of living. When assessing Colorado homeowners insurance options, it is important to account for typical weather conditions and their associated risks, among other important variables.

Common causes of loss in Colorado

The best home insurance companies in Colorado take into account the state’s unpredictable weather hazards, which are the cause of many property claims. The state has also incurred a very active 2021 wildfire season. Here is how to account for some of the common perils that impact Colorado homeowners: Water damage: Water damage caused by is particularly common in the spring months, when melting snow causes rivers, lakes and ponds to overflow. This is why most experts recommend that you consult with your insurance agent about the advisability of flood insurance, even if you do not live near a large body of water. Flood insurance is underwritten by FEMA’s National Flood Insurance Program (NFIP) and is also offered by many private flood insurers. You can find out if you live in a flood-prone area by checking out , which allows you to input your address and find out your flood risk. The Triple-I recommends all Colorado residents consider purchasing flood insurance as 90% of U.S. natural disasters involve flooding. Hail damage: According to the Triple-I, Colorado for the highest volume of hail claims filed by homeowners. It also ranks fifth for the number of “major hail events,” which refers to hail storms where the stones are one inch in diameter or larger. Hailstones, especially larger ones, can cause significant damage to your home’s roof, gutters and windows. Some insurance companies may exclude damage caused by hail, so be sure to speak with your agent or insurer to confirm what your policy covers. Fire: Fire and lightning damage generate expensive homeowners insurance claims. Since wildfires occur frequently in Colorado, homeowners are at risk of fire damage, especially those who live in rural or forested areas. As , it is becoming harder for homeowners in states like Colorado to find reasonably priced insurance. Removal of fire hazards and other fire mitigation techniques can help make some homes more insurable. Theft: Regardless of where you live in the U.S., theft is something that homeowners, especially those in urban areas, should be aware of and ward against. Strong window and door locks and other security measures can help protect your home and reduce the risk of filing a theft claim.

Home insurance coverage options in Colorado

Fortunately, typical standard Colorado homeowners insurance policies include coverage for theft, hail damage and fire damage. However, other potential causes of damage may not be included and require an endorsement or additional policy. To better protect your financial investment in your Colorado home, it may be worth considering adding coverage that extends past your standard policy. Some of your options include: : Coverage helps pay for resulting damage to your home’s interior structure or personal belongings due to flooding. This coverage must typically be purchased separately from NFIP or a private flood insurer. Musical instrument coverage: Colorado is known for a few of its music scenes, such as in Denver and Red Rocks. Colorado homeowners who also take an interest in music may find it helpful to add increased coverage for their musical instruments. Many property insurers, including Allstate and Nationwide, offer this optional coverage. : Sewer and sump pump backups can happen at any time. Though water backup coverage is optional, you should weigh its additional premium cost against potential out-of-pocket expenses for water damage occurring within your home or to your belongings.

Frequently asked questions

The cheapest homeowners insurance for you will depend on a number of factors, including the value of your home, the area in which you live, your claims history, your credit-based insurance score, the coverages and deductibles you choose and what discounts you qualify for, according to the Triple-I.

Most companies now have an option to start a Colorado online on their website. If you're not sure what home insurance coverage options or amounts you need, it may be helpful to speak to a licensed insurance agent, who can guide you through the process and review your policy. The Triple-I recommends you get a minimum of three quotes to compare coverages and cost.

Most Colorado homeowners insurance companies will ask for similar information during the quote process. Be prepared to offer personal information, like your name and birthday, as well as the address of the home. Colorado insurance companies may also ask questions about the characteristics of the home, like whether you have a swimming pool or have completed renovations, to determine its dwelling coverage value. If you have expensive items that might exceed the personal property limit, like jewelry or fine art, be sure to tell your agent, as they may be able to work on a to help insure these properly.

A standard homeowner insurance policy does not cover floods. You'll need to purchase flood insurance separately instead. Two options you have for purchasing a policy are the National Flood Insurance Program (NFIP) or a private insurance carrier. If you live in a designated flood zone area and have a mortgage, buying flood insurance could be a requirement from your lender.

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Written by Carol Pope Insurance Writer Carol Pope is an insurance writer for Bankrate and prior to joining the team, she spent 12 years as an auto insurance agent. During this time, she sold, serviced and underwrote auto insurance for people across the country. She also has experience selling supplement coverage such as umbrella insurance. Maggie Kempken is an insurance editor for Bankrate. She helps manage the creation of insurance content that meets the highest quality standards for accuracy and clarity to help Bankrate readers navigate complex information about home, auto and life insurance. She also focuses on ensuring that Bankrate’s insurance content represents and adheres to the Bankrate brand. Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance.