Best and Cheapest Renters Insurance in Boulder, CO (Sept 2024)


Updated: September 13, 2024

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The best and cheapest renters insurance company in Boulder, Colorado, is Auto-Owners, with a MoneyGeek score of 92 and an annual premium of $55. Depending on your needs, other providers may be best, like Chubb for service quality, with an annual premium of $137.

MoneyGeek also looked into the best and cheapest renters insurance in Colorado for those who live elsewhere in the state.

MoneyGeek Logo IconBest & CheapestRentersBoulder, CO
2024

Table of Contents

Why Trust MoneyGeek? To pinpoint the premier renters insurance options in Boulder, Colorado, we've analyzed data from the Colorado Department of Insurance and Quadrant Information Services.

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

2,880Quotes Analyzed
 
8Providers Analyzed
 
2ZIP Codes

Overall Best Renters Insurance in Boulder, CO

The best renters insurance in Boulder, Colorado is Auto-Owners with a MoneyGeek score of 92 out of 100 and an annual premium of $55. The following providers are the top two best renters insurance providers in Boulder for a policy with $20,000 in personal property coverage, $100,000 in personal liability, and a $1,000 deductible.

  • Auto-Owners: MoneyGeek score of 92 out of 100 ($55 per year)
  • State Farm: MoneyGeek score of 90 out of 100 ($63 per year)

The best provider in the state balances both cost and affordability. Auto-Owners Insurance has perfectly balanced customer satisfaction and affordability with an affordability score of 55 out of 55.

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

Overview

Auto-Owners Insurance ranks first in Boulder, Colorado, for affordability and coverage. Their annual premium is $55. They offer contents replacement cost coverage, which covers repair or replacement of personal property without a deduction for depreciation. Additionally, their refrigerated products coverage protects against spoiled refrigerated food. These coverages provide valuable protection for renters, ensuring their belongings are safeguarded.

Best Renters Insurance in Boulder, Colorado
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Auto-Owners InsuranceMoneyGeek Score92Annual Premium$ 55
State FarmMoneyGeek Score90Annual Premium$ 63
AllstateMoneyGeek Score74Annual Premium$ 95
ChubbMoneyGeek Score69Annual Premium$ 137
COUNTRY FinancialMoneyGeek Score61Annual Premium$ 126
American FamilyMoneyGeek Score57Annual Premium$ 165
FarmersMoneyGeek Score55Annual Premium$ 150

Cheapest Renters Insurance in Boulder, CO

In Boulder, Colorado, Auto-Owners offers the cheapest renters insurance with an annual premium of $55 for $20,000 in personal property coverage. Personal property coverage protects your belongings in case of damage or theft. The following providers are the top two cheapest providers in Boulder for $20,000 in personal property coverage and a $1,000 deductible:

  • Auto-Owners: $55 per year
  • State Farm: $63 per year

Cheap renters insurance policies often have low personal property coverage limits. Higher personal property coverage limits can lead to higher monthly costs but provide better protection if you have a lot of personal belongings.

Cheapest Renters Insurance in Boulder, Colorado
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Auto-Owners InsuranceMoneyGeek Score96Annual Premium$ 55
State FarmMoneyGeek Score93Annual Premium$ 63
AllstateMoneyGeek Score74Annual Premium$ 95
ChubbMoneyGeek Score61Annual Premium$ 137
COUNTRY FinancialMoneyGeek Score60Annual Premium$ 126
FarmersMoneyGeek Score49Annual Premium$ 150
American FamilyMoneyGeek Score45Annual Premium$ 165

Cheapest Renters Insurance With a High Deductible Boulder, CO

In Boulder, 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 $53. The following providers are the top two cheapest providers in Boulder for $20,000 in personal property coverage and a $2,000 deductible:

  • Auto-Owners: $53 per year
  • State Farm: $62 per year

A deductible is the amount you pay out of pocket before your insurance covers the rest, and it can affect your 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 are adequately covered. If you need to file a claim, you will need to pay the deductible amount first, so choose a deductible that you can afford.

Cheapest High Deductible Renters Insurance in Boulder, Colorado
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Deductible:
Deductible:$ 2,000
Auto-Owners InsuranceMoneyGeek Score92Annual Premium$ 53
State FarmMoneyGeek Score90Annual Premium$ 62
AllstateMoneyGeek Score71Annual Premium$ 95
COUNTRY FinancialMoneyGeek Score63Annual Premium$ 113
ChubbMoneyGeek Score68Annual Premium$ 130
FarmersMoneyGeek Score51Annual Premium$ 150
American FamilyMoneyGeek Score57Annual Premium$ 151
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HOW TO SET YOUR DEDUCTIBLE

When selecting a deductible, ensure it is an amount you can comfortably pay out-of-pocket if you need to file a claim.
Opting for a higher deductible can lower your premium, leading to overall cost savings while still providing adequate coverage.

Best Renters Insurance for Customer Service in Boulder, CO

In Boulder, Colorado, the best renters insurance company for service quality is Chubb with an annual premium of $137.
Here are the top two best providers in Boulder, 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 ($137 per year)
  • American Family: MoneyGeek score of 87 out of 100 ($165 per year)

Great customer service is important for renters looking for insurance because it ensures quick and efficient handling of claims. When you make a claim, great customer service means you get the support you need promptly and without hassle. MoneyGeek scores renters insurance providers and their customer satisfaction based on J.D. Power surveys, which assess service quality and satisfaction in renters insurance.

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

Overview

In Boulder, Colorado, Chubb ranks first in customer satisfaction and coverage, making it the top choice for renters. With an annual premium of $137, it is the cheapest provider in the area.
Chubb offers contents replacement cost and rental car coverage.

Contents replacement cost covers the full cost to replace your belongings in case of fire, water leak or other unexpected events. 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 Boulder, Colorado
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
ChubbMoneyGeek Score93Annual Premium$ 137
American FamilyMoneyGeek Score87Annual Premium$ 165
Auto-Owners InsuranceMoneyGeek Score83Annual Premium$ 55
State FarmMoneyGeek Score82Annual Premium$ 63
AllstateMoneyGeek Score71Annual Premium$ 95
FarmersMoneyGeek Score70Annual Premium$ 150
COUNTRY FinancialMoneyGeek Score66Annual Premium$ 126

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

Auto-Owners offers the best renters insurance for those in Boulder, Colorado, needing high personal property coverage, with an annual premium of $116 for a policy with $100,000 in personal property coverage. For $100K in personal property coverage, the following providers are the top two best providers in Boulder:

  • Auto-Owners: MoneyGeek score of 92 out of 100 ($116 per year)
  • State Farm: MoneyGeek score of 91 out of 100 ($146 per year)

High personal property coverage is designed to protect a significant amount of personal belongings against potential losses. Renters with a substantial amount of personal items often require higher personal property coverage. While higher coverage levels typically come with increased premiums, finding a provider that offers an optimal mix of affordability and exceptional service is important.

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

Overview

Auto-Owners ranks first in Boulder for affordability and customer satisfaction for expensive homes. With an annual premium of $116, it offers great value for renters. Auto-Owners provides valuable coverages like contents replacement cost and back-up of sewer or drain.

Contents replacement cost covers the repair or replacement of personal property without depreciation deductions. Back-up of sewer or rain covers damage caused by water back-up, protecting renters from costly repairs.

Best Renters Insurance for High Personal Property Limits in Boulder, Colorado
Auto-Owners InsuranceMoneyGeek Score92Annual Premium$ 116
State FarmMoneyGeek Score91Annual Premium$ 146
COUNTRY FinancialMoneyGeek Score83Annual Premium$ 136
American FamilyMoneyGeek Score78Annual Premium$ 301
AllstateMoneyGeek Score78Annual Premium$ 233
FarmersMoneyGeek Score77Annual Premium$ 238
ChubbMoneyGeek Score60Annual Premium$ 571
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SCHEDULED PERSONAL PROPERTY COVERAGE

If you own valuables like jewelry or art, you may need additional coverage since they are often not included in standard policies. Choose a provider that offers scheduled personal property coverage to protect these items.

Best Renters Insurance for Military Families in Boulder, CO

In Boulder, USAA is the top-ranked renters insurance provider for those with military backgrounds, boasting an annual premium of $95. The following providers are the top two best providers in Boulder for veterans for a policy with $20,000 in personal property coverage.

  • USAA: MoneyGeek score of 100 out of 100 ($95 per year)
  • Auto-Owners: MoneyGeek score of 92 out of 100 ($55 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 ranks first in affordability, Auto-Owners Insurance also offers competitive pricing in Boulder. However, USAA's tailored offerings for military members make it a strong contender despite other cheaper options.

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 Boulder, leading in customer satisfaction and coverage. With an annual premium of $95, USAA ensures affordability and comprehensive protection.

Contents replacement cost coverage with USAA means you could receive enough to replace items like a stolen or damaged TV with a brand-new one. Additionally, its worldwide personal property coverage secures your belongings even when you're deployed or living abroad, offering peace of mind for the mobile military lifestyle.

Best Renters Insurance for Military in Boulder, Colorado
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
USAAMoneyGeek Score100Annual Premium$ 95
Auto-Owners InsuranceMoneyGeek Score92Annual Premium$ 55
State FarmMoneyGeek Score90Annual Premium$ 63
AllstateMoneyGeek Score74Annual Premium$ 95
ChubbMoneyGeek Score69Annual Premium$ 137
COUNTRY FinancialMoneyGeek Score61Annual Premium$ 126
American FamilyMoneyGeek Score57Annual Premium$ 165
FarmersMoneyGeek Score55Annual Premium$ 150

Best Renters Insurance for Low Credit Scores in Boulder, CO

The top renters insurance company for Boulder residents with poor credit is Chubb, with an annual premium of $234 for a policy with $20,000 in personal property coverage. The following providers are the top two best providers in Boulder for those with poor credit for the same type of policy:

  • Chubb: MoneyGeek score of 94 out of 100 ($234 per year)
  • State Farm: MoneyGeek score of 93 out of 100 ($127 per year)

In Boulder, rates for those with poor credit are typically higher because insurers view them as higher-risk due to a history of late or missed payments. However, you can improve your credit over time and look for discounts to help reduce your insurance rates.

Company logo for Chubb
Best for Low Credit ScoresChubb
MoneyGeek Score:
94/ of 100

Overview

Chubb ranks first in affordability for renters insurance in Boulder, Colorado, and also leads in coverage and financial stability. With an annual premium of $234, it’s the cheapest option for those with poor credit.

Chubb offers uncommon discounts like Contents Replacement Cost, which covers the full cost to replace your belongings in case of unexpected events. Another benefit is the Rental Car Coverage, providing primary car rental coverage worldwide when your liability limit is $1 million or more. These discounts can help renters with poor credit save money and gain peace of mind.

Best Renters Insurance for Low Credit Scores in Boulder, Colorado
Data filtered by:Results filtered by:
Credit Score:
Credit Score:Poor
Coverage:
Coverage:$20K Personal Property
ChubbMoneyGeek Score94Annual Premium$ 234
State FarmMoneyGeek Score93Annual Premium$ 127
American FamilyMoneyGeek Score90Annual Premium$ 283
AllstateMoneyGeek Score86Annual Premium$ 170
FarmersMoneyGeek Score85Annual Premium$ 212
COUNTRY FinancialMoneyGeek Score84Annual Premium$ 188
Auto-Owners InsuranceMoneyGeek Score56Annual Premium$ 1,865

Average Cost of Renters Insurance in Boulder, CO

The average cost of renters insurance in Boulder, Colorado is $113 annually, which breaks down to $9 monthly. This is slightly cheaper than the Colorado state average of $114 per year and significantly lower than the national average of $145 per year.

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 Boulder 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 Boulder

The cost of renters insurance 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 Boulder, CO

Renters insurance covers personal belongings, liability, and additional living expenses. It protects against theft, damage, and unforeseen events. Purchasing renters insurance ensures financial security and peace of mind in case of unexpected situations.

  • Personal Property Coverage: This covers the cost to repair or replace your belongings if they're damaged or stolen. For instance, a renter in Colorado 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 Colorado renter could use this coverage if a guest slips and falls in their apartment.
  • Loss of Use Coverage: Loss of use coverage 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 Boulder

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 earthquakes or 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 Boulder, CO

The best renters insurance provider in Boulder, 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 Boulder, Colorado, on average?
What is the cheapest renters insurance company in Boulder, Colorado?
What is the best renters insurance company in Boulder, Colorado?
Do I need renters insurance in Boulder, 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.