Best and Cheapest Renters Insurance in Aurora, CO (September 2024)


Updated: September 12, 2024

The best and cheapest renters insurance company in Aurora, Colorado is Auto-Owners, with a MoneyGeek score of 92 and an annual premium of $58. Depending on your needs, other providers may be best.

Chubb offers excellent service quality with an annual premium of $132. MoneyGeek also looked into the best and cheapest renters insurance in Colorado for those who live elsewhere in the state.

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MoneyGeek Logo IconBest & CheapestRentersAurora, CO
2024

Why Trust MoneyGeek? To determine the best renters insurance in Aurora, Colorado, we evaluated data from the Colorado Department of Insurance and Quadrant Information Services.

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Renters insurance premiums in Aurora represent the most competitive estimates as of September 2024.

2,880Quotes Analyzed
 
8Providers Analyzed
 
3ZIP Codes

Overall Best Renters Insurance in Aurora, CO

The following companies provide the best renters insurance in Aurora, Colorado, for policies with $20,000 in personal property coverage, $100,000 in personal liability coverage and a $1,000 deductible:

  • Auto-Owners: MoneyGeek score of 92 out of 100 ($58 per year)
  • State Farm: MoneyGeek score of 90 out of 100 ($67 per year)

The best providers offer a balance of cost and quality service. Allstate has achieved this balance, earning a perfect affordability score and a customer satisfaction score of 22 out of 30.

Company logo for Auto-Owners Insurance
Best OverallAuto-Owners Insurance
MoneyGeek Score:
92/ of 100

Overview

Auto-Owners ranks first in affordability and coverage in Aurora, Colorado, with an annual premium of $58. Contents replacement cost covers repair or replacement of your personal property without a deduction for depreciation. This means you get the full value of your items if they are damaged or stolen. Refrigerated products coverage protects you from the cost of spoiled food in your refrigerator, which can be a lifesaver after a power outage.

Best Renters Insurance in Aurora, CO
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Auto-Owners InsuranceMoneyGeek Score92Annual Premium$ 58
State FarmMoneyGeek Score90Annual Premium$ 67
AllstateMoneyGeek Score74Annual Premium$ 95
ChubbMoneyGeek Score71Annual Premium$ 132
COUNTRY FinancialMoneyGeek Score58Annual Premium$ 136
American FamilyMoneyGeek Score57Annual Premium$ 166
FarmersMoneyGeek Score55Annual Premium$ 150

Cheapest Renters Insurance in Aurora, CO

In Aurora, Colorado, Auto-Owners offers the cheapest renters insurance with an annual premium of $58 for $20,000 in personal property coverage. The two cheapest providers are:a

  • Auto-Owners: $58 per year
  • State Farm: $67 per year

MoneyGeek rated the cheapest renters insurance in Aurora with minimal consideration for customer service.

Personal property coverage helps protect your belongings in case of theft, fire, or other covered events. Cheap renters insurance policies often come with low personal property coverage limits. While higher personal property coverage limits can increase your monthly costs, they offer better protection if you have many belongings.

Cheapest Renters Insurance in Aurora, CO
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Auto-Owners InsuranceMoneyGeek Score96Annual Premium$ 58
State FarmMoneyGeek Score92Annual Premium$ 67
AllstateMoneyGeek Score75Annual Premium$ 95
ChubbMoneyGeek Score64Annual Premium$ 132
COUNTRY FinancialMoneyGeek Score56Annual Premium$ 136
FarmersMoneyGeek Score49Annual Premium$ 150
American FamilyMoneyGeek Score45Annual Premium$ 166

Cheapest Renters Insurance With a High Deductible Aurora, CO

In Aurora, Colorado, Auto-Owners offers the cheapest renters insurance for a policy with $20,000 in personal property coverage and a $2,000 deductible, with an annual premium of $56. The following providers are the top two cheapest providers in Aurora for $20,000 in personal property coverage and a $2,000 deductible:

  • Auto-Owners: $56 per year
  • State Farm: $66 per year

A deductible is the amount you pay out-of-pocket before your insurance coverage kicks in, and it can affect rates. A higher deductible often leads to cheaper premiums, while a lower deductible means higher premiums.

It's important to balance both to ensure you can afford the deductible if you need to file a claim. Renters should consider their financial situation and potential risks when choosing a deductible.

Cheapest High Deductible Renters Insurance in Aurora, CO
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Deductible:
Deductible:$ 2,000
Auto-Owners InsuranceMoneyGeek Score92Annual Premium$ 56
State FarmMoneyGeek Score89Annual Premium$ 66
AllstateMoneyGeek Score72Annual Premium$ 95
COUNTRY FinancialMoneyGeek Score60Annual Premium$ 122
ChubbMoneyGeek Score70Annual Premium$ 125
FarmersMoneyGeek Score51Annual Premium$ 150
American FamilyMoneyGeek Score57Annual Premium$ 152
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HOW TO SET YOUR DEDUCTIBLE

When selecting a deductible for your insurance policy, ensure it's an amount you can pay out of pocket if you need to file a claim. If you can afford it, opting for a higher deductible could decrease your annual premiums, leading to savings over time while still providing the financial protection you need.

Best Renters Insurance for Customer Service in Aurora, CO

In Aurora, Colorado, the best renters insurance company for service quality is Chubb with an annual premium of $132. The following providers are the top two best in Aurora, Colorado for a policy with $20,000 in personal property coverage, for those who value great customer service without considering affordability.

  • Chubb: MoneyGeek score of 93 out of 100 ($132 per year)
  • American Family: MoneyGeek score of 87 out of 100 ($166 per year)

MoneyGeek scores renters insurance providers and their customer satisfaction based on J.D. Power surveys, which evaluate customer experiences and satisfaction levels.

Great customer service is important for renters looking for insurance because it ensures a smooth and stress-free experience, especially when filing a claim. When you make a claim, great customer service can make the process quicker and less stressful, helping you get back to your normal life faster.

Company logo for Chubb
Best Service QualityChubb
MoneyGeek Score:
93/ of 100

Overview

Chubb ranks first in customer satisfaction and coverages in Aurora, Colorado, making it the cheapest provider with an annual premium of $132.

Chubb offers contents replacement cost and rental car coverage. Contents replacement cost covers the full cost to replace your belongings if they are damaged by fire, water leak or another unexpected event. Rental car coverage provides primary car rental coverage worldwide when your liability limit is $1 million or more, ensuring you are protected wherever you go.

Best Renters Insurance for Service Quality in Aurora, CO
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
ChubbMoneyGeek Score93Annual Premium$ 132
American FamilyMoneyGeek Score87Annual Premium$ 166
Auto-Owners InsuranceMoneyGeek Score83Annual Premium$ 58
State FarmMoneyGeek Score82Annual Premium$ 67
AllstateMoneyGeek Score71Annual Premium$ 95
FarmersMoneyGeek Score70Annual Premium$ 150
COUNTRY FinancialMoneyGeek Score66Annual Premium$ 136

Best Renters Insurance for High Personal Property Limits in Aurora, CO

For renters in Aurora, Colorado needing substantial personal property coverage, Auto-Owners offers an annual premium of $125 for a policy with $100,000 in personal property coverage. High personal property coverage means insuring a large amount of personal belongings against potential losses. The following providers are the two best providers in Aurora:

  • Auto-Owners Insurance: MoneyGeek score of 92 out of 100 ($125 per year)
  • State Farm: MoneyGeek score of 90 out of 100 ($158 per year)

Renters with numerous valuable items often require higher personal property coverage, which protects belongings like furniture, electronics and clothing from theft or damage. While higher coverage levels typically incur greater costs, it's vital to choose a provider that offers both affordability and exemplary service, ensuring a balance when protecting numerous possessions. High-value items such as jewelry or fine art may exceed standard policy limits and could necessitate additional coverage.

Company logo for Auto-Owners Insurance
Best High Personal Property LimitAuto-Owners Insurance
MoneyGeek Score:
92/ of 100

Overview

Auto-Owners ranks first in affordability and customer satisfaction for expensive homes in Aurora, Colorado. With an annual premium of $125, it offers great value. Auto-Owners provides contents replacement cost coverage, which covers repair or replacement of personal property without depreciation. Additionally, the back-up of sewer or drain coverage protects against water damage from sewer or drain backups, offering peace of mind for renters with expensive homes.

Best Renters Insurance for High Personal Property Limits in Aurora, CO
Auto-Owners InsuranceMoneyGeek Score92Annual Premium$ 125
State FarmMoneyGeek Score90Annual Premium$ 158
COUNTRY FinancialMoneyGeek Score83Annual Premium$ 148
AllstateMoneyGeek Score77Annual Premium$ 233
American FamilyMoneyGeek Score76Annual Premium$ 315
FarmersMoneyGeek Score74Annual Premium$ 273
ChubbMoneyGeek Score60Annual Premium$ 538
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SCHEDULED PERSONAL PROPERTY COVERAGE

If you own valuables such as fine jewelry or art, you would need additional coverage as these items are not usually covered by standard policies. Opt for a provider that offers scheduled personal property coverage, which extends coverage to such valuables.

Best Renters Insurance for Military Families in Aurora, CO

In Aurora, USAA is the top-ranked renters insurance company for those with military backgrounds. USAA is exclusively available to military members and their families. The following providers are the top two best providers in Aurora for veterans for a policy with $20,000 in personal property coverage.

  • USAA: MoneyGeek score of 100 out of 100 ($93 per year)
  • Auto-Owners: MoneyGeek score of 92 out of 100 ($58 per year)

USAA offers a range of products tailored for those with a military background, providing discounts and coverages that suit the military lifestyle. While USAA is not the cheapest option in Aurora, its tailored offerings make it a strong contender for military members.

Company logo for USAA
Best for MilitaryUSAA
MoneyGeek Score:
100/ of 100

Overview

USAA stands out as the premier renters insurance provider for those with a military background in Aurora, leading in customer satisfaction and offering the most comprehensive coverage at an annual premium of $93.

USAA ensures that your belongings are protected, whether you're at home or abroad, with policies like contents replacement cost and worldwide personal property. These coverages mean you could receive enough to replace stolen or damaged items and have your personal belongings covered overseas.

Best Renters Insurance for Military in Aurora, CO
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
USAAMoneyGeek Score100Annual Premium$ 93
Auto-Owners InsuranceMoneyGeek Score92Annual Premium$ 58
State FarmMoneyGeek Score90Annual Premium$ 67
AllstateMoneyGeek Score74Annual Premium$ 95
ChubbMoneyGeek Score71Annual Premium$ 132
COUNTRY FinancialMoneyGeek Score58Annual Premium$ 136
American FamilyMoneyGeek Score57Annual Premium$ 166
FarmersMoneyGeek Score55Annual Premium$ 150

Best Renters Insurance for Low Credit Scores in Aurora, CO

The best renters insurance company for those with poor credit in Aurora is Chubb, with an annual premium of $225 for a policy with $20,000 in personal property coverage. The top two providers in Aurora for renters with poor credit for the same type of policy are:

  • Chubb: MoneyGeek score of 95 out of 100 ($225 per year)
  • State Farm: MoneyGeek score of 93 out of 100 ($135 per year)

Renters in Aurora with poor credit often face higher rates because they are viewed as a greater risk to insurers. This risk stems from a historical correlation between credit scores and the likelihood of filing a claim. To potentially lower these rates, you can work on improving your credit and seek out discounts offered by insurance providers.

Best for Low Credit Scores
MoneyGeek Score:
95/ of 100

Overview

Chubb ranks first in affordability, coverage and financial stability for renters insurance in Aurora, Colorado, with an annual premium of $225.

Renters can benefit from discounts like rental car coverage, which provides primary car rental coverage worldwide when your liability limit is $1 million or more. Additionally, the reasonably common contents replacement cost discount covers the full cost to replace your belongings in case of fire, water leak or other unexpected events, making it an excellent choice for those with poor credit.

Best Renters Insurance for Low Credit Scores in Aurora, CO
Data filtered by:Results filtered by:
Credit Score:
Credit Score:Poor
Coverage:
Coverage:$20K Personal Property
ChubbMoneyGeek Score95Annual Premium$ 225
State FarmMoneyGeek Score93Annual Premium$ 135
American FamilyMoneyGeek Score90Annual Premium$ 284
AllstateMoneyGeek Score86Annual Premium$ 170
FarmersMoneyGeek Score85Annual Premium$ 212
COUNTRY FinancialMoneyGeek Score84Annual Premium$ 203
Auto-Owners InsuranceMoneyGeek Score56Annual Premium$ 1,972

Average Cost of Renters Insurance in Aurora, CO

The average cost of renters insurance in Aurora, Colorado, is $115 annually, which breaks down to $10 monthly. This is slightly higher than the state average of $114. Compared with the national average of $145, Aurora’s cost is more affordable. These rates are based on a renters insurance policy with $20,000 personal property limits, $100,000 liability limits, and a $1,000 deductible.

Renters should remember that the average cost of renters insurance in Aurora may vary greatly depending on the amount of personal property coverage you purchase. Personal property coverage protects your belongings in case of theft, fire or other covered events. Use the calculator below to see how prices change based on the value of your personal property.

Personal Property Coverage Calculator

When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions. Use MoneyGeek's calculator to estimate the value of your possessions so you know how much personal property coverage to buy.

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Factors That Impact Renters Insurance Costs in Aurora

The cost of renters insurance in Aurora, Colorado, is influenced by multiple factors, including the location of the rental property and the amount of coverage desired. Understanding these variables is key to finding a policy that fits your budget and needs.

  • Location: The area where you live can affect your premium due to crime rates and weather-related risks.
  • Coverage Amount: Opting for higher coverage limits will increase your insurance costs.
  • Deductible: Choosing a higher deductible can lower your monthly premium, but you'll pay more out of pocket in the event of a claim.
  • Claims History: Renters with a history of claims may face higher premiums due to a higher perceived risk by insurance companies.
  • Credit Score: Insurance companies may factor in your credit history when determining your premium, with better credit records often leading to lower costs.

What Renters Insurance Covers in Aurora, CO

Renters insurance primarily provides coverage for your personal belongings, but it also covers additional areas such as liability and living expenses if your rental is rendered uninhabitable. Here’s what a typical policy includes:

  • Personal Property Coverage: This covers the cost to repair or replace your belongings if they're damaged or stolen. For instance, a renter in Texas may receive compensation for a stolen laptop.
  • Personal Liability Coverage: This protects you financially if a guest is injured in your rental or you cause property damage. A Texas renter could use this coverage if a guest slips and falls in their apartment.
  • Loss of Use Coverage: This helps with additional living expenses if your rental is unlivable due to a covered peril. A renter might rely on loss of use coverage to pay for a hotel stay after a fire.
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COMMONLY COVERED PERILS

Renters insurance typically covers losses from incidents like theft, fire and water damage. Understanding your policy's specific coverage is key to ensuring you're protected. Here are common situations renters insurance covers:

  • Fire or lightning
  • Windstorm or hail
  • Explosions
  • Riots
  • Aircraft
  • Vehicles
  • Smoke damage

What Renters Insurance Does Not Cover in Aurora

Although renters insurance provides a financial safety net, it doesn't shield against every mishap. For instance, it typically excludes flood damage and your roommate's possessions.

  • Natural Disasters: Standard renters insurance often does not cover damage from floods.
  • Roommate's Belongings: Personal property coverage does not extend to items owned by a roommate unless they are listed on the policy.
  • High-Value Items: Expensive jewelry or electronics may exceed the policy's limit and require additional coverage.
  • Business Equipment: Property used for business purposes might not be covered under a standard renters insurance policy.
  • Pest Damage: Infestations and damage from pests like bed bugs or rodents are usually not covered.
  • Car Theft: While personal property stolen from your car may be covered, the theft of the car itself is not.

FAQ: Renters Insurance in Aurora, CO

The best renters insurance provider in Aurora, Colorado, depends on your unique needs. We answered the frequently asked questions to help you make an informed decision.

How much is renters insurance in Aurora, Colorado, on average?
What is the cheapest renters insurance company in Aurora, Colorado?
What is the best renters insurance company in Aurora, Colorado?
Do I need renters insurance in Aurora, Colorado?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.