Calculating your personal property value can feel overwhelming, but our renters insurance calculator simplifies the process by walking you through each category of belongings.
Cheap Renters Insurance in Colorado
Updated: November 25, 2025
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Key Takeaways
State Farm is Colorado's best overall renters insurance company, offering the cheapest policy at $161 annually.
Renters insurance in Colorado costs around $15 per month but ranges from $13 to $42.
To get the best and most affordable renters insurance, determine your coverage needs first, research costs and compare multiple quotes.
Colorado Renters Insurance Quote Estimates
MoneyGeek's renters insurance calculator will give you a customized estimate of your renters insurance costs.
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Rates updated:
Nov 27, 2025
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Best Cheap Renters Insurance Companies in Colorado
State Farm, Farmers and Chubb are Colorado's best cheap renters insurance companies. State Farm tops the list for affordable rates, while Farmers has the best customer reputation. Chubb offers the most comprehensive coverage options.
| State Farm | 93 | $13 | $161 |
| Farmers | 84 | $19 | $233 |
| Chubb | 81 | $42 | $501 |
| COUNTRY Financial | 81 | $21 | $249 |
| Allstate | 78 | $30 | $366 |
*This list shows rates for a renter with good credit, no claims history, $50K in property damage coverage, $100K in liability coverage, a $1,000 deductible and guaranteed replacement.
Compare Personalized Best Cheap Renters Insurance in Colorado
Not all renters need the same coverage. Use the table to find options matching your specific profile:
Data filtered by:
$50K Personal Property / $100K Liability
Select
Claim free for 5+ years
Yes
Good
| Auto-Owners | 92 | $8 | $98 |
| State Farm | 89 | $10 | $120 |
| Allstate | 72 | $15 | $175 |
| Farmers | 71 | $15 | $178 |
| COUNTRY Financial | 68 | $15 | $183 |
Best Colorado Renters Insurance Reviews
State Farm: Most Affordable Plans
pros
Most affordable rates
High financial stability ratings
Strong add-on coverage options
cons
Below-average customer satisfaction
COMPANY HIGHLIGHTS
State Farm offers Colorado's lowest renters insurance rates, starting at $13 monthly. It also ranks seventh in J.D. Power's customer satisfaction ratings.
Farmers: Best for Customer Service
pros
High customer satisfaction ratings
Strong bundle discounts
cons
Fewer specialty endorsements than other providers
COMPANY HIGHLIGHTS
Farmers ranks second for affordability in Colorado and scores high on customer satisfaction. The Declining Deductible program rewards loyalty, where your deductible drops $50 each year you renew without filing a claim.
Chubb: Best for Coverage Options
pros
Covers belongings globally, not just in your rental
Most customization options available of any provider
Specialty add-ons for unique coverage needs
cons
Charges the highest premiums in Colorado
All policies and claims require agent interaction (no online or phone-only options)
COMPANY HIGHLIGHTS
Chubb, Colorado's most expensive provider, excels in coverage options, leading J.D. Power's customer and claims satisfaction ratings. Its standout offerings include valuable articles coverage and cyber coverage.
Average Cost of Renters Insurance in Colorado
Renters insurance costs about $15 monthly in Colorado, $5 lower than the national average of $20. These rates reflect a policy with $50K in personal property coverage, $100K in liability limits and a $1,000 deductible.
Your actual rate may vary based on your profile.
Data filtered by:
$50K Personal Property / $100K Liability
Select
Claim free for 5+ years
Good
Covered
| $50K Personal Property / $100K Liability | $15 | $186 |
Average Colorado Renters Insurance Cost by City
Renters insurance costs vary widely by city. The average annual premium in Arvada is $166; in Denver, it's $181 for a policy with $50K in personal property coverage and $100K in liability coverage.
| Arvada | $166 |
| Aurora | $172 |
| Boulder | $167 |
| Centennial | $168 |
| Colorado Springs | $168 |
| Denver | $181 |
| Fort Collins | $160 |
| Greeley | $175 |
| Highlands Ranch | $164 |
| Lakewood | $168 |
| Pueblo | $179 |
| Thornton | $171 |
| Westminster | $168 |
*This table shows rates for a renter with good credit and no claims history. Policies include $50K property damage coverage, $100K liability coverage, a $1,000 deductible and guaranteed replacement.
Colorado Renters Insurance: Buyer's Guide
Finding the best renters insurance in Colorado can be tough with so many choices. Our comprehensive guide helps you find the right coverage for your needs.
How to Find the Best Cheap Renters Insurance in Colorado
- 1Determine the right coverage level
Calculate what you want insured and its value. Factor in weather risks, crime and pet liability.
- 2Research costs and discounts
Check average costs for your profile. Find discounts you qualify for to maximize savings.
- 3Compare providers
Evaluate reputation and pricing before requesting quotes. This narrows your search for the best deals.
- 4Consider bundling
If you have auto insurance, ask your provider about renters bundling discounts. Bundling often reduces or eliminates renters insurance costs.
- 5Compare multiple quotes through different channels
Request quotes from different providers using online tools, provider websites, brokers and phone calls. Ensure coverage levels match for accurate comparisons. Quotes vary significantly.
- 6Compare rates annually
Insurance rates change constantly, so your current provider may not stay affordable. Shop annually for the best price.
How Much Renters Insurance Do I Need in Colorado?
Colorado doesn't require renters insurance by law, but most landlords demand at least $100,000 in liability coverage. Requirements vary based on rental history, credit and pet ownership. Factor in property value, weather risks, local crime and whether you own a pet.
Use our calculator below to determine your ideal personal property limits and how much renters insurance you need.
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.
clothing & accessories
Clothes, shoes, bags, belts, hats, gloves, etc.
Colorado Renter Risk Considerations
Colorado renters face specific risks requiring additional coverage:
- Weather risks Flooding is Colorado's most common natural disaster. Tornadoes and wildfires pose high risk too. Standard coverage excludes these threats, so buy them separately.
- Crime risks Colorado ranks third nationwide for property crime and 26th for identity theft and fraud. Add supplemental property damage and identity theft coverage.
- Pet ownership Check if pet liability coverage is included in standard policies or if you need to purchase it separately. Coverage rules vary by provider.
- Valuable items and structures Standard policies don't fully cover special tools, valuables, electronics or pools. Find providers offering add-ons for these items.
How Does Renters Insurance Coverage Work?
Renters insurance covers property damage, liability for harm to others and loss of use at your rental. Additional options expand your protection. Common types of renters insurance coverage include:
Coverage Type | Standard or Add-on | Coverage Details |
|---|---|---|
Standard |
| |
Standard |
| |
Additional living expenses | Standard |
|
Natural disasters | Add-on |
|
Parts/Equipment | Add-on |
|
Scheduled property | Add-on |
|
Identity theft | Add-on |
|
Pet liability | Add-on |
|
Modifications | Add-on |
|
Food loss | Add-on |
|
Best Renters Insurance in Colorado: Bottom Line
Colorado's best and cheapest overall renters insurance companies are State Farm, Farmers and Chubb. While we recommend these options, research and compare multiple companies and quotes to get the best deal.
Renters Insurance in Colorado: FAQ
What is the cheapest renters insurance company in Colorado?
State Farm offers the cheapest renters insurance in Colorado, with an average annual premium of $161 or $13 per month.
What is the best renters insurance company in Colorado?
State Farm is the best renters insurance company in Colorado, with a MoneyGeek score of 93 out of 100 due to its excellent mix of cost effectiveness, customer satisfaction and comprehensive coverage options.
How much does renters insurance cost in Colorado?
The average cost of renters insurance in Colorado is $186 per year or $15 per month, 23% lower than the national average. Annual premiums range from $161 to $501.
Is renters insurance required in Colorado?
Renters insurance isn't legally mandated in Colorado, but your landlord may require it. Evaluating your needs and circumstances can help determine whether buying a policy is right for you. Some reasons to get renters insurance include financial protection against common perils and liability costs of third-party injuries.
How We Found the Best Cheap Renters Insurance Companies
We based our affordability score (60% of the total score) on quotes for a profile with:
- $50K personal property coverage
- $100K liability coverage
- $1,000 deductible
- Property replacement coverage
- Good credit score
Our complete scoring also considered:
- Customer satisfaction from industry research (25%)
- Add-on coverages (10%)
- Financial strength ratings (5%)
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like 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.
sources
- Colorado Water Conservation Board. "Hazards." Accessed April 22, 2025.
- Insurance Information Institute. "Facts + Statistics: Identity Theft and Cybercrime." Accessed April 22, 2025.
- U.S. News. "Low Property Crime Rate." Accessed April 22, 2025.