Coloradans have a lot of pride in their state. Why wouldn’t they? Colorado has a bustling economy, provides a welcoming environment for entrepreneurs and even has a long list of inventions to be proud of (Jolly Ranchers, root beer floats and teddy bears were all created within Colorado’s borders). So it’s no surprise that many have been buying up homes — and therefore, home insurance — in Colorado within the past few years.

That’s why we created this ultimate guide to homeowners insurance in Colorado. Whether you’re a transplant to the state or were born and raised skiing down Colorado’s fresh powder, we’ve got you covered.

What is the average cost of homeowners insurance in Colorado?

Illustration of three houses with green doors and smoke coming out of the chimney of one

The average cost of a home insurance policy in Colorado is $1,680, a 40% increase from the national average of just $1,200. Why so expensive? This price hike is due to the increased risk of severe weather events in the area. Colorado has the highest average elevation level of any state and is prone to snow, tornadoes and hail storms every year.

The average cost of a home insurance policy in Colorado is $1,680, which is a 40% increase from the national average of just $1,200.

What factors influence my home insurance rate?

If you plan to spend hours choosing between the perfect home in Colorado Springs or a bungalow in downtown Denver, you should also know that your yearly premium can vary depending on what you decide. Older homes located in high-risk areas will see higher premiums, while premiums for new builds in locations less likely to experience severe weather will be much lower. Given that the average cost of a home in Colorado is 65% more expensive than the national average, even a little bit of savings can go a long way.

Colorado Home Insurance Premiums

What does homeowners insurance in Colorado cover?

While Colorado’s landscape stands out from many of its neighboring states, it still follows suit with the rest of the country regarding what home insurance covers. In the Centennial State, you can expect home insurance policies to protect your home’s structure, its contents, your liability and much more. Need to stay in a hotel after a winter storm like a blizzard damages your home? You’ll have coverage through the loss of use portion of your policy.

Though your Broncos and Nuggets gear will be safe from thieves and other damage, there are still additional steps you can take to extend or enhance your protection. Insurance riders are optional add-ons to your policy, which give you extra protection on certain items (or from certain disasters) for a small fee. Insurance rider examples include jewelry coverage, catastrophe insurance and additional insured coverage.

Colorado Insurance Coverage Options

Traditional coverage


Supplemental coverage


Tips for lowering home insurance rates

While it was illegal to throw snowballs in Aspen, Colorado, for several decades, it’s perfectly legal to try to save some cash when it comes to your home insurance policy (and doing so is just as easy as packing a ball of freshly fallen snow).

First, make sure you shop around for a home insurance policy that gets you the most protection for your money. Other ways to save include prepping your home for hail and winter storms, installing smart home devices and adding a security system to your home.

Colorado home insurance resources

Colorado holds a lot of titles. Within its borders, you can visit the world’s largest mineral pool, the deepest hot springs and even the largest flat-top mountain in the world. Unlike the titles Colorado natives are proud of, the state also holds a not-so-loved title as one of 19 states in America that don’t offer a Fair Access to Insurance Requirements (FAIR) plan.

But Colorado homeowners aren’t completely left out in the cold. The Colorado Division of Insurance has a lot of great information for new and experienced homeowners alike. Of course, the Hippo team is always here to help should any other questions arise.

National Flood Insurance Program

Even though Colorado averages over 300 days of sunshine, the state is still susceptible to severe weather such as flooding. Whether it’s from melting snow or a severe thunderstorm, flooding can cause a lot of damage. Luckily, protecting your home’s structure and even your ski equipment is as easy as signing up for the NFIP. This government-led program provides financial protection for homeowners who experience flooding.

Here at Hippo, we know your time is valuable. That’s why we won’t make you spend hours on hold when you have a home insurance question (like some of those other insurance guys would). If you sign with us, a real person will always be standing by to get you back to the slopes in no time at all.

You Deserve Smarter Home Insurance

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