Best Renters Insurance in Colorado (2026)

State Farm, Auto-Owners and Lemonade are the top-rated renters insurance companies in Colorado based on their affordability, coverage and customer experience scores.

Find out if you're overpaying for renters insurance below.

Written by Mark Fitzpatrick

Updated: March 6, 2026

Advertising & Editorial Disclosure

Key Takeaways: Colorado Renters Insurance

State Farm is Colorado's best overall renters insurance company, earning a 4.7 out of 5 MoneyGeek score.

At $74 per year on average, Lemonade offers the most affordable renters insurance premiums in Colorado.

Get quotes from several insurers to find the most competitive rates that match your needs.

5 Best Renters Insurance Companies in Colorado

State Farm tops Colorado's renters insurance market, scoring 4.7 out of 5 and earning the No. 1 rank in multiple categories. Auto-Owners comes in second with an overall score of 4.7, excelling in multiple categories. Lemonade, Chubb and Farm Bureau complete the top five.


State Farm	4.7	3	3	4
Auto-Owners Insurance	4.65	2	2	11
Lemonade	4.59	1	10	2
Chubb	4.48	11	1	5
Farm Bureau	4.42	4	5	10

*Our ratings consider different combinations of coverage levels and renter details to identify the best overall options. Rankings may differ based on your profile.

State Farm

Top Choice for Colorado Renters

MoneyGeek Rating

4.7/ 5

4.9/5Affordability

4.6/5Customer Experience

4.2/5Coverage

Average Annual Premium
$95
Average Monthly Premium
$8
J.D. Power Renters Insurance Customer Satisfaction Score
685/1,000

pros
- Ranks #1 overall for renters insurance in Colorado
- Costs $5.11 less per month than the state average
- Comprehensive coverage with $20,000 property and $100,000 liability protection
cons
- Traditional service model requires working with agents
- Digital tools may lag behind newer insurance companies
- Less online self-service compared to tech-focused insurers
Scoring 4.7 out of 5, State Farm earns our top recommendation for renters in Colorado. The company ranks first for multiple categories while charging rates under the state average. You'll get personalized support through State Farm's robust local agent network throughout Colorado.

Compare the Cheapest Renters Insurance Companies in Colorado

At $74 annually, Lemonade has Colorado's cheapest renters insurance for $20,000 in personal property coverage, saving renters $82 compared to the state average of $156. Auto-Owners comes in second at $85 per year. State Farm costs $95 and is available statewide. All eight cheapest insurers charge below the state average, with rates from $74 to $155 per year.

Cheapest Renters Insurance in Colorado Chart

Average Cost of Renters Insurance in Colorado

Colorado renters pay $156 annually for renters insurance on average, $40 below the national average cost of renters insurance of $196. These figures are based on coverage with $20,000 in personal property protection, $100,000 in liability limits and a $500 deductible.

Your actual premium is determined by your coverage limits, deductible choice and where you live in Colorado.


CO	$156	$-40

Colorado renters pay between $145 and $163 annually, a difference of $18. Fort Collins offers the lowest rates at $145, $47 under the state average. Denver costs $163, $29 above the $192 state average.


Arvada	$161	$5
Aurora	$155	$-1
Boulder	$160	$3
Colorado Springs	$157	$0
Denver	$163	$6
Englewood	$153	$-3
Fort Collins	$145	$-11
Greeley	$151	$-6
Littleton	$150	$-6
Milliken	$150	$-6
Parker	$152	$-4
Pueblo	$162	$6
Thornton	$152	$-4
Westminster	$153	$-3
Winter Park	$154	$-3

Higher coverage limits increase your renters insurance premium in Colorado. A basic policy with $20,000 in personal property coverage and $100,000 in liability costs $156 per year, while comprehensive coverage with $250,000 in personal property and $300,000 in liability runs $1,160 annually.


$20K Personal Property / $100K Liability	$13	$156
$50K Personal Property / $100K Liability	$19	$229
$100K Personal Property / $100K Liability	$28	$339
$250K Personal Property / $300K Liability	$97	$1,160

Colorado renters with excellent credit pay $119 annually, compared to $156 for good credit. Poor credit raises costs to $496 per year, over four times what renters with excellent credit pay.
Excellent $10 $119
Good $13 $156
Fair $16 $194
Below Fair $22 $266
Poor $41 $496


Excellent	$10	$119
Good	$13	$156
Fair	$16	$194
Below Fair	$22	$266
Poor	$41	$496

Do You Need Renters Insurance in Colorado?

Many landlords require renters insurance as a lease condition, though Colorado law doesn't mandate coverage. Property managers often mandate it to protect themselves from liability claims, sometimes requiring $100,000 or more in liability protection. While the state doesn't require renters insurance by law, your landlord can require coverage as part of your agreement. Check your lease before moving in to see if you need a policy.

HOW TO DETERMINE YOUR RENTERS INSURANCE COVERAGE NEEDS

Typical personal property coverage ranges from $20,000 to $50,000 for most renters' belongings. Go through your unit and add up replacement values for electronics, furniture, clothing and other items to calculate your personal property coverage. You'll also want to select at least $100,000 in liability coverage to protect yourself if someone gets injured in your apartment.

How to Find the Best Cheap Renters Insurance in Colorado

Colorado homeowners should compare multiple insurance providers while weighing their budget constraints, coverage requirements and service expectations to find the best fit.

1
Compare quotes from at least three companies
Premiums differ by $50 or more across companies for identical coverage. Get quotes from both national carriers like GEICO and State Farm, plus regional providers serving Denver and Colorado Springs. This comparison shopping ensures you don't overpay for renters insurance. Many insurers offer online quotes that take just minutes to complete.
2
Check customer satisfaction ratings and reviews
Low prices aren't worth much if your insurer has poor claims handling or customer service. Research J.D. Power ratings and customer complaints filed with the Colorado Division of Insurance before purchasing. Look for insurers with strong AM Best financial ratings. Reading recent customer reviews helps identify potential red flags with specific companies operating in Colorado.
3
Bundle renters and auto insurance
Insurers give 10% to 25% off when you bundle policies together. State Farm and Allstate offer some of the largest bundling discounts available to Colorado residents. Contact your current auto insurer first to see their renters insurance rates. Even smaller regional companies serving areas like Boulder and Fort Collins often provide competitive bundling options.
4
Ask about available discounts
You can get discounts for alarm systems, smoke detectors and staying claims-free for several years. Many insurers also offer savings for being a non-smoker, having good credit or being over age 55. Ask your agent which specific discounts you qualify for to maximize your savings. Some companies provide additional discounts for paying annually instead of monthly.

Best Cheap Renters Insurance in Colorado: Bottom Line

State Farm, Auto-Owners, Lemonade, Chubb and Farm Bureau are Colorado's best renters insurance companies. Get quotes from several companies to find rates matching your needs. Try the calculator below for personalized quotes depending on your coverage, deductible and credit.

Personalized Colorado Renters Insurance Rates

Get free renters insurance rate estimates for Colorado based on your coverage needs. Rates reflect a profile of renters aged 21 to 64 with no prior claims.

Coverage Level

Select Coverage Level

Deductible

Select Deductible

Credit Score

Select Credit Score

Average Annual Premium—

Renters Insurance in Colorado: FAQ

Common questions about Colorado renters insurance:

Does renters insurance cover roommates in Colorado?

Renters insurance covers only the policyholder and their relatives living in the unit. Your roommate needs their own policy to protect their belongings and get liability coverage. Each roommate should buy separate renters insurance with at least $20,000 in personal property coverage.

How much renters insurance do I need in Colorado?

Most Colorado renters need $20,000 to $50,000 in personal property coverage and $100,000 in liability protection. Add up replacement costs for your furniture, electronics, clothing and other belongings to calculate your needs. Your landlord may require specific coverage amounts, so check your lease before buying a policy.

How do I file a renters insurance claim in Colorado?

Contact your insurer immediately after damage occurs or items get stolen. Document the damage with photos and videos before cleaning up. Provide a list of damaged or stolen items with purchase dates and estimated values. Your insurer will assign a claims adjuster to review your case. Most claims get processed within two to four weeks.

Does renters insurance cover hotel stays if my apartment becomes unlivable?

Renters insurance covers temporary housing costs through loss of use coverage if covered damage like fire makes your apartment unlivable. This pays for hotel rooms and restaurant meals while repairs happen. Most policies limit loss of use to 20% to 30% of your personal property coverage amount. Floods and earthquakes aren't covered.

How We Found the Best Cheap Renters Insurance Companies in Colorado

We analyzed Colorado renters insurance companies to identify insurers with low rates and reliable service.

We collected quotes for renters aged 26 to 64 with good credit and no claims history. The profile included $20,000 in personal property coverage, $100,000 in liability protection and a $500 deductible.

Affordability determined 50% of each company's score. Customer satisfaction from industry research made up 40%. Add-on coverage options contributed 10%. Companies with the highest combined scores across all factors made our list of Colorado's best renters insurance providers.

About Mark Fitzpatrick

Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in CNBC, NBC News and Mashable.

Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!

He writes about economics and insurance, breaking down complex topics so people know what they're buying.

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