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


Updated: September 12, 2024

The best and cheapest renters insurance company in Thornton, Colorado is Auto-Owners, with a MoneyGeek score of 92 and an annual premium of $56. Depending on your needs, other providers may be best, such as Chubb, which excels in service quality with an annual premium of $132.

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

Table of Contents
MoneyGeek Logo IconBest & CheapestRentersThornton, CO
2024

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

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

2,880Quotes Analyzed
 
8Providers Analyzed
 
2ZIP Codes

Overall Best Renters Insurance in Thornton, CO

The best renters insurance in Thornton, Colorado is Auto-Owners with a MoneyGeek score of 92 out of 100 and an annual premium of $56. The following providers are the top two best renters insurance providers in Thornton 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 ($56 per year)
  • State Farm: MoneyGeek score of 90 out of 100 ($65 per year)

The best provider in the state is one that can balance both cost and affordability. Auto-Owners 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 ranks first in affordability and coverage in Thornton, Colorado, with an annual premium of $56. It offers contents replacement cost coverage, which covers repair or replacement of personal property without depreciation. Additionally, its refrigerated products coverage under Renters Plus protects against spoiled refrigerated food. These coverages ensure renters are we¬ll-protected against common losses.

Best Renters Insurance in Thornton, CO
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Auto-Owners InsuranceMoneyGeek Score92Annual Premium$ 56
State FarmMoneyGeek Score90Annual Premium$ 65
AllstateMoneyGeek Score73Annual Premium$ 95
ChubbMoneyGeek Score70Annual Premium$ 132
COUNTRY FinancialMoneyGeek Score57Annual Premium$ 136
American FamilyMoneyGeek Score57Annual Premium$ 162
FarmersMoneyGeek Score54Annual Premium$ 150

Cheapest Renters Insurance in Thornton, CO

In Thornton, Colorado, Auto-Owners offers the cheapest renters insurance with an annual premium of $56 for $20,000 in personal property coverage. The two cheapest providers are:

  • Auto-Owners Insurance: $56 per year
  • State Farm: $65 per year

We rated the cheapest renters insurance in Thornton with minimal consideration for customer service. Personal property coverage helps protect your belongings, such as furniture, electronics and clothing, against risks like theft or damage.

Cheap renters insurance policies often come with lower personal property coverage limits. While higher personal property coverage limits can lead to higher monthly costs, they offer better protection if you have many personal belongings.

Cheapest Renters Insurance in Thornton, CO
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Auto-Owners InsuranceMoneyGeek Score96Annual Premium$ 56
State FarmMoneyGeek Score92Annual Premium$ 65
AllstateMoneyGeek Score74Annual Premium$ 95
ChubbMoneyGeek Score62Annual Premium$ 132
COUNTRY FinancialMoneyGeek Score54Annual Premium$ 136
FarmersMoneyGeek Score47Annual Premium$ 150
American FamilyMoneyGeek Score45Annual Premium$ 162

Cheapest Renters Insurance With a High Deductible Thornton, CO

In Thornton, 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 $54. The two cheapest providers are:

  • Auto-Owners Insurance: $54 per year
  • State Farm: $64 per year

A deductible is the amount you pay out of pocket before your insurance kicks in and 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 can manage costs if you need to file a claim.

Cheapest High Deductible Renters Insurance in Thornton, CO
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Deductible:
Deductible:$ 2,000
Auto-Owners InsuranceMoneyGeek Score92Annual Premium$ 54
State FarmMoneyGeek Score89Annual Premium$ 64
AllstateMoneyGeek Score71Annual Premium$ 95
COUNTRY FinancialMoneyGeek Score59Annual Premium$ 122
ChubbMoneyGeek Score69Annual Premium$ 125
American FamilyMoneyGeek Score57Annual Premium$ 148
FarmersMoneyGeek Score50Annual Premium$ 150
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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 Thornton, CO

In Thornton, 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 Thornton, 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 ($162 per year)

We scored renters insurance providers and their customer satisfaction based on J.D. Power surveys, which evaluate customer feedback on service quality and claims handling.

Great customer service is important for renters because it ensures a smooth claims process. For example, when you make a claim, a company with excellent customer service will handle your situation promptly and empathetically, reducing your stress during a difficult time.

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

Overview

Chubb ranks first in customer satisfaction and coverage in Thornton, Colorado, 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 in events like fire or water leaks. Rental car coverage provides primary car rental insurance worldwide when your liability limit is $1 million or more.

Best Renters Insurance for Service Quality in Thornton, CO
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
ChubbMoneyGeek Score93Annual Premium$ 132
American FamilyMoneyGeek Score87Annual Premium$ 162
Auto-Owners InsuranceMoneyGeek Score83Annual Premium$ 56
State FarmMoneyGeek Score82Annual Premium$ 65
AllstateMoneyGeek Score71Annual Premium$ 95
FarmersMoneyGeek Score70Annual Premium$ 150
COUNTRY FinancialMoneyGeek Score66Annual Premium$ 136

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

Auto-Owners is the leading choice for renters in Thornton, Colorado, requiring high personal property coverage, with an annual premium of $118 for a policy with $100,000 in personal property coverage. The two best providers are:

  • Auto-Owners: MoneyGeek score of 92 out of 100 ($118 per year)
  • State Farm: MoneyGeek score of 90 out of 100 ($152 per year)

High personal property coverage means having insurance protection for a large amount of personal belongings within the rental unit. Renters owning many belongings often need higher personal property coverage, which safeguards against the loss of personal items due to theft, damage or disasters.

Higher coverage levels typically come with increased premiums. Finding a provider who offers a balance of cost and excellent service is vital when you have many possessions. High-value items like jewelry or art may exceed standard coverage limits and might require additional insurance.

Best High Personal Property Limit
MoneyGeek Score:
92/ of 100

Overview

Auto-Owners ranks first in affordability and customer satisfaction for expensive homes in Thornton, Colorado, with an annual premium of $118. Key coverages include contents replacement cost, which covers repair or replacement of personal property without depreciation, and back-up of sewer or drain, which protects against water damage from sewer or drain backups. These coverages provide essential protection for renters with high-value homes.

Best Renters Insurance for High Personal Property Limits in Thornton, CO
Auto-Owners InsuranceMoneyGeek Score92Annual Premium$ 118
State FarmMoneyGeek Score90Annual Premium$ 152
COUNTRY FinancialMoneyGeek Score82Annual Premium$ 148
American FamilyMoneyGeek Score78Annual Premium$ 296
AllstateMoneyGeek Score77Annual Premium$ 233
FarmersMoneyGeek Score73Annual Premium$ 278
ChubbMoneyGeek Score60Annual Premium$ 541
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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 Thornton, CO

USAA is the top-ranked renters insurance company for those with military backgrounds in Thornton, with an annual premium of $95. The following providers are the top two best providers 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 ($56 per year)

USAA offers a range of products tailored for those with a military background, providing discounts and coverages that suit the military lifestyle.

Best for Military
MoneyGeek Score:
100/ of 100

Overview

USAA stands out as the premier renters insurance provider for those with a military background in the city, leading in customer satisfaction and coverage. With an annual premium of $95, it's a top choice for affordability as well.

Contents replacement cost and worldwide personal property are two key inclusions that cater to the mobile lifestyle of military members, ensuring their belongings are protected no matter where duty calls. These coverages provide peace of mind with new-for-old replacement and global personal property protection, making USAA an excellent partner for military renters.

Best Renters Insurance for Military in Thornton, CO
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
USAAMoneyGeek Score100Annual Premium$ 95
Auto-Owners InsuranceMoneyGeek Score92Annual Premium$ 56
State FarmMoneyGeek Score90Annual Premium$ 65
AllstateMoneyGeek Score73Annual Premium$ 95
ChubbMoneyGeek Score70Annual Premium$ 132
COUNTRY FinancialMoneyGeek Score57Annual Premium$ 136
American FamilyMoneyGeek Score57Annual Premium$ 162
FarmersMoneyGeek Score54Annual Premium$ 150

Best Renters Insurance for Low Credit Scores in Thornton, CO

The best renters insurance company for those with poor credit in Thornton is Chubb, with an annual premium of $226 for a policy with $20,000 in personal property coverage. The following providers are the top two best providers in Thornton for those with poor credit for the same type of policy:

  • Chubb: MoneyGeek score of 95 out of 100 ($226 per year)
  • State Farm: MoneyGeek score of 93 out of 100 ($131 per year)

In Thornton, rates for renters with poor credit are often higher due to the greater risk they pose to providers. Insurance companies view poor credit as an indicator of potential future claims. However, you can take steps to improve your credit, which may help lower your rates, and always look for discounts that could apply to your situation.

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

Overview

Chubb ranks first in affordability and coverage for renters in Thornton, Colorado, with an annual premium of $226. Chubb offers uncommon discounts like contents replacement cost and reasonably rare discounts like rental car coverage. Contents replacement cost covers the full cost to replace your belongings in case of unexpected events. Rental car coverage offers primary car rental insurance worldwide, which can be beneficial for frequent travelers.

Best Renters Insurance for Low Credit Scores in Thornton, CO
Data filtered by:Results filtered by:
Credit Score:
Credit Score:Poor
Coverage:
Coverage:$20K Personal Property
ChubbMoneyGeek Score95Annual Premium$ 226
State FarmMoneyGeek Score93Annual Premium$ 131
American FamilyMoneyGeek Score90Annual Premium$ 277
AllstateMoneyGeek Score86Annual Premium$ 170
FarmersMoneyGeek Score85Annual Premium$ 212
COUNTRY FinancialMoneyGeek Score83Annual Premium$ 203
Auto-Owners InsuranceMoneyGeek Score56Annual Premium$ 1,892

Average Cost of Renters Insurance in Thornton, CO

The average cost of renters insurance in Thornton, Colorado, is $114 annually, which breaks down to $10 monthly. This is the same as the state average but lower than the national average of $145. 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 Thornton may vary greatly depending on the amount of personal property coverage purchased. Personal property coverage protects your belongings in case of damage or theft. 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 Thornton

The cost of renters insurance in Thornton, 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 Thornton, 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 Thornton

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 Thornton, CO

The best renters insurance provider for you in Thornton ultimately depends on your needs. Below, we address common questions to help you make an informed decision.

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