To get renters insurance, assess providers for affordability, coverage, and service reliability.
We’ve collected pricing data from top companies in Colorado to help you choose the best fit for your needs.
Lemonade offers the most affordable quotes at $97 per year or $8 per month, saving renters $69 compared to the state average and $39 less annually than the second-lowest-priced insurer, State Farm.
Colorado renters typically pay $14 per month or $166 annually, saving $4 per month compared to the $215 national average.
Explore a graph comparing monthly rates from top insurers in Colorado, including State Farm, Nationwide, and Allstate, all offering rates below the state average.
Top Affordable Renters Insurance Companies in Colorado:
- Lemonade: $8 per month
- State Farm: $11 per month
- Nationwide: $13 per month
- Allstate: $14 per month
- Travelers: $16 per month
- Farmers: $17 per month
- Amica: $18 per month
The cost of renters insurance is determined by various factors, primarily your chosen coverage level.
Additionally, factors such as age, marital status, location, and insurance history can impact your quotes.
Insurers consider whether you have a history of claims and the nature of those claims.
| Aspect | Lemonade | State Farm |
|---|---|---|
| Average Monthly Rate | $8 | $11 |
| Pros and Cons | – Cheap renters insurance quotes | – Cheaper-than-average quotes |
| – Fast online quote and claims process | – Great customer service reputation | |
| – Inconsistent customer service | – Limited ways to expand coverage | |
| Overview | Colorado renters can find affordable rates | State Farm offers top-notch customer service and competitive pricing. At $11 per month or $136 per year, it is 30% cheaper than the state’s average. Renters appreciate State Farm’s customer satisfaction, scoring third-highest on J.D. Power’s annual survey. However, the company lacks some coverage add-ons. |
| Pricing | $8 per month or $97 per year | $11 per month or $136 per year |
| Convenience | Fast online quote and claims process | Limited ways to expand coverage |
| Customer Satisfaction | Mixed reviews; second-best score on J.D. Power’s survey | Excellent reputation; third-highest score on J.D. Power’s survey |
| Complaints (NAIC) | More complaints than average for its size | Fewer complaints than competitors of similar size |
| Financial Strength (Demotech) | Well-regarded | Well-regarded |
Please note that the information in the table is a summarized representation of the provided text.
Top Renters Insurance for Military Personnel:
USAA
USAA stands out as the premier choice for renters insurance in Colorado, specifically tailored for active duty service members, veterans, and their families.
Exclusive to this demographic, USAA offers quotes and comprehensive policy details.
USAA’s coverage is unparalleled, incorporating standard features common to most renters insurance plans and providing additional premium protections at no extra charge.
Noteworthy inclusions encompass replacement cost coverage, along with complimentary flood and earthquake coverage — typically requiring substantial additional expenses with other providers.
Renowned for its exceptional customer service, USAA surpasses its counterparts in customer satisfaction, receiving fewer complaints relative to its size, as reported by the NAIC.
J.D. Power has also bestowed the highest rating in the nation for USAA renters insurance, further affirming its commitment to customer contentment.
Top Affordable Renters Insurance Companies in Colorado
Fort Collins and Grand Junction stand out as the cities with the most affordable renters insurance rates among Colorado’s major urban centers.
Conversely, residents in Denver bear the highest costs for insurance coverage.
Despite the diverse locations, renters insurance quotes across Colorado exhibit minimal variation from city to city.
Our comprehensive study, encompassing rates from 25 of the state’s largest cities, revealed a mere $33-per-year difference between the most and least expensive locations.
| City | Average Annual Cost | Difference from State Average (%) |
|---|---|---|
| Arvada | $166 | -2% |
| Aurora | $177 | 4% |
| Boulder | $169 | -1% |
| Brighton | $164 | -4% |
| Broomfield | $163 | -4% |
| Castle Rock | $168 | -1% |
| Centennial | $165 | -3% |
| Colorado Springs | $176 | 3% |
| Commerce | $178 | 4% |
| Denver | $190 | 11% |
| Fort Collins | $157 | -7% |
| Grand Junction | $157 | -8% |
| Greeley | $160 | -6% |
| Highlands Ranch | $169 | -1% |
| Lakewood | $173 | 2% |
| Littleton | $168 | -1% |
| Longmont | $169 | -1% |
| Loveland | $160 | -6% |
| Northglenn | $169 | -1% |
| Parker | $163 | -4% |
| Pueblo | $175 | 3% |
| Thornton | $174 | 3% |
| Westminster | $172 | 1% |
This table provides a detailed breakdown of average annual renters insurance costs in various Colorado cities, along with the percentage difference from the state average.
| Company | Rating |
|---|---|
| USAA | (Not Widely Available – Limited to Military Personnel) |
| State Farm | Excellent Editor’s Rating, Fewer Complaints than Expected (NAIC) |
| Amica | Excellent Editor’s Rating, Fewer Complaints than Expected (NAIC) |
| Lemonade | |
| Nationwide | |
| Allstate | |
| Farmers | |
| Travelers |
State Farm and Amica are the top-rated renters insurance companies in Colorado.
Renters express positive feedback for both State Farm and Amica, and this is reinforced by having fewer complaints than expected for their respective sizes, as reported by the NAIC.
Additionally, ValuePenguin awards excellent editor’s ratings to both companies.
Moreover, USAA delivers outstanding service for Colorado renters; however, it is exclusively accessible to active-duty service members, veterans, and their families.
Ratings for Lemonade, Nationwide, Allstate, Farmers, and Travelers were not provided.
Also read: Cheap Auto Insurance Buffalo NY
Frequently Asked Questions
How much does renters insurance cost in Colorado?
Renters in Colorado typically pay an average of $14 per month or $166 per year. This is 23% lower than the national average cost of $215 per year.
Who offers the cheapest renters insurance in Colorado?
Lemonade provides the most affordable renters insurance in Colorado, with an average policy cost of $8 per month or $97 per year.
What is the average cost of renters insurance in Thornton, Colorado?
The average annual cost of renters insurance in Thornton is $174, which is 3% higher than the statewide average.
In comparison, renters in neighboring Denver pay $190 per year, $16 more than Thornton residents.
Methodology
To determine the cheapest renters insurance in Colorado, we collected over 150 quotes from addresses in 25 of the state’s largest cities.
The sample renter is a 25-year-old male living alone with no history of insurance claims.
Quotes were based on the following coverage limits:
- Personal Property: $30,000
- Personal Liability: $100,000
- Medical Payments: $1,000
- Loss of Use Coverage: $9,000
- Deductible: $500
Customer service ratings were assessed using data from the National Association of Insurance Commissioners (NAIC) complaint index, J.D.
Power’s annual customer satisfaction survey scores, and our own ValuePenguin editor’s ratings.