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


Updated: September 13, 2024

Advertising & Editorial Disclosure

The best and cheapest renters insurance company in Westminster, Colorado is Auto-Owners , with a MoneyGeek score of 92 and an annual premium of $56 for $20,000 in personal property coverage.

Depending on your needs, other providers may be best. For instance, Chubb excels in service quality with a score of 93 and a premium of $136. 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 & CheapestRentersWestminster, CO
2024

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

recency icon

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

2,880Quotes Analyzed
 
8Providers Analyzed
 
2ZIP Codes

Overall Best Renters Insurance in Westminster, CO

The best renters insurance in Westminster, Colorado is Auto-Owners with a MoneyGeek score of 92 out of 100 and an annual premium of $56. The two best renters insurance providers in Westminster for a policy with $20,000 in personal property coverage, $100,000 in personal liability, and a $1,000 deductible are:

  • Auto-Owners: MoneyGeek score of 92 out of 100 ($56 per year)
  • State Farm: MoneyGeek score of 90 out of 100 ($63 per year)

The best provider in the state can balance both cost and affordability. Auto-Owners earned 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 Westminster, Colorado, for affordability and coverage. Renters can expect an annual premium of $56. Auto-Owners offers contents replacement cost and refrigerated products coverages. Contents replacement cost covers the repair or replacement of personal property without a deduction for depreciation. Refrigerated products coverage, under Renters Plus, protects against spoiled refrigerated food.

Best Renters Insurance in Westminster, CO
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Auto-Owners InsuranceMoneyGeek Score92Annual Premium$ 56
State FarmMoneyGeek Score90Annual Premium$ 63
AllstateMoneyGeek Score72Annual Premium$ 95
ChubbMoneyGeek Score67Annual Premium$ 136
American FamilyMoneyGeek Score57Annual Premium$ 154
COUNTRY FinancialMoneyGeek Score55Annual Premium$ 136
FarmersMoneyGeek Score52Annual Premium$ 150

Cheapest Renters Insurance in Westminster, CO

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

  • Auto-Owners: $56 per year
  • State Farm: $63 per year

MoneyGeek rated the cheapest renters insurance in Westminster with minimal consideration for customer service. Cheap renters insurance policies often have low personal property coverage limits.

Personal property coverage helps protect your belongings in case of theft, fire, or other covered events. While higher coverage limits can lead to higher monthly costs, they offer better protection if you own many personal belongings.

Cheapest Renters Insurance in Westminster, CO
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Auto-Owners InsuranceMoneyGeek Score96Annual Premium$ 56
State FarmMoneyGeek Score93Annual Premium$ 63
AllstateMoneyGeek Score73Annual Premium$ 95
ChubbMoneyGeek Score58Annual Premium$ 136
COUNTRY FinancialMoneyGeek Score51Annual Premium$ 136
FarmersMoneyGeek Score44Annual Premium$ 150
American FamilyMoneyGeek Score45Annual Premium$ 154

Cheapest Renters Insurance With a High Deductible Westminster, CO

In Westminster, 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: $54 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. Balance both to ensure you can afford your premiums and have sufficient coverage if you need to file a claim.

Cheapest High Deductible Renters Insurance in Westminster, CO
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Deductible:
Deductible:$ 2,000
Auto-Owners InsuranceMoneyGeek Score92Annual Premium$ 54
State FarmMoneyGeek Score90Annual Premium$ 62
AllstateMoneyGeek Score71Annual Premium$ 95
COUNTRY FinancialMoneyGeek Score59Annual Premium$ 122
ChubbMoneyGeek Score68Annual Premium$ 128
American FamilyMoneyGeek Score60Annual Premium$ 141
FarmersMoneyGeek Score50Annual Premium$ 150
mglogo icon
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 Westminster, CO

In Westminster, Colorado, Chubb is the best renters insurance company for service quality, with an annual premium of $136. The top two best providers in Westminster, 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 ($136 per year)
  • American Family: MoneyGeek score of 87 out of 100 ($154 per year)

We scored renters insurance providers and their customer satisfaction based on J.D. Power surveys, which evaluate the quality of service and customer experience. Great customer service is important for renters looking for insurance because it ensures a smooth and supportive experience, especially when you need to make a claim. For example, when you file a claim, excellent customer service means you get timely assistance and clear communication, making the process less stressful.

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

Overview

In Westminster, Colorado, Chubb ranks first in customer satisfaction and coverages. With an annual premium of $136, 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 if they are damaged by fire, water leaks or other unexpected events. Rental car coverage provides primary car rental coverage worldwide when your liability limit is $1 million or more.

Best Renters Insurance for Service Quality in Westminster, CO
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
ChubbMoneyGeek Score93Annual Premium$ 136
American FamilyMoneyGeek Score87Annual Premium$ 154
Auto-Owners InsuranceMoneyGeek Score83Annual Premium$ 56
State FarmMoneyGeek Score82Annual Premium$ 63
AllstateMoneyGeek Score71Annual Premium$ 95
FarmersMoneyGeek Score70Annual Premium$ 150
COUNTRY FinancialMoneyGeek Score66Annual Premium$ 136

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

For renters in Westminster, Colorado needing substantial personal property coverage, Auto-Owners stands out with an annual premium of $118 for a policy covering $100,000 in personal property. The two best providers in Westminster are:

  • Auto-Owners: MoneyGeek score of 92 out of 100 ($118 per year)
  • State Farm: MoneyGeek score of 91 out of 100 ($146 per year)

High personal property coverage ensures that a renter's valuable belongings are protected under their insurance policy. Renters with a significant amount of belongings often require higher personal property coverage. This coverage protects items like furniture, electronics and clothing from damage or loss.

As coverage limits increase, so does the premium, making it vital to find a provider that offers a good balance of cost and service. High-value items such as jewelry or artwork may need 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 Westminster. It has an annual premium of $118. Key coverages include contents replacement cost, which covers the repair or replacement of personal property without depreciation, and back-up of sewer or drain, which protects against damage from water back-up. These coverages provide essential protection for renters with high-value homes.

Best Renters Insurance for High Personal Property Limits in Westminster, CO
Auto-Owners InsuranceMoneyGeek Score92Annual Premium$ 118
State FarmMoneyGeek Score91Annual Premium$ 146
COUNTRY FinancialMoneyGeek Score82Annual Premium$ 148
American FamilyMoneyGeek Score81Annual Premium$ 269
AllstateMoneyGeek Score77Annual Premium$ 233
FarmersMoneyGeek Score73Annual Premium$ 285
ChubbMoneyGeek Score60Annual Premium$ 553
mglogo icon
SCHEDULED PERSONAL PROPERTY COVERAGE

If you own valuables such as fine jewelry or art, you would need additional coverage because 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 Westminster, CO

USAA is the top-ranked renters insurance company for those with military backgrounds in Westminster, with an annual premium of $93. The two best providers in Westminster for veterans for a policy with $20,000 in personal property coverage are:

  • USAA: MoneyGeek score of 100 out of 100 ($93 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, offering discounts and coverages that suit the military lifestyle. Although Auto-Owners ranks first in affordability, USAA might be worth considering.

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 Westminster. With an average annual premium of $93, USAA provides affordability and comprehensive financial protection.

It offers contents replacement cost, which covers the cost of replacing belongings with brand-new ones in the event of theft or damage. It also has worldwide personal property coverage, providing peace of mind for military members at home or abroad.

Best Renters Insurance for Military in Westminster, CO
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
USAAMoneyGeek Score100Annual Premium$ 93
Auto-Owners InsuranceMoneyGeek Score92Annual Premium$ 56
State FarmMoneyGeek Score90Annual Premium$ 63
AllstateMoneyGeek Score72Annual Premium$ 95
ChubbMoneyGeek Score67Annual Premium$ 136
American FamilyMoneyGeek Score57Annual Premium$ 154
COUNTRY FinancialMoneyGeek Score55Annual Premium$ 136
FarmersMoneyGeek Score52Annual Premium$ 150

Best Renters Insurance for Low Credit Scores in Westminster, CO

The top renters insurance company for people with poor credit in Westminster is Chubb, with an annual premium of $232 for a policy with $20,000 in personal property coverage. The following providers are the top two best providers in Westminster for those with poor credit for the same type of policy:

  • Chubb: MoneyGeek score of 94 out of 100 ($232 per year)
  • State Farm: MoneyGeek score of 93 out of 100 ($127 per year)

Rates in Westminster for those with poor credit are often higher because these renters are viewed as higher-risk to providers. This is due to the correlation between credit scores and the likelihood of filing a claim. However, by taking steps to improve their credit and seeking discounts, renters can work towards lowering their rates over time.

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

Overview

Chubb ranks first in affordability for renters with poor credit in Westminster, Colorado, with an annual premium of $232. It also leads in coverage and financial stability. Chubb offers a reasonably common discount for protective devices, which can lower your premium if your building has security features like a central station burglar alarm.

Additionally, bundling your renters and auto insurance policies with Chubb can provide further savings, making it an excellent choice for budget-conscious renters.

Best Renters Insurance for Low Credit Scores in Westminster, Colorado
Data filtered by:Results filtered by:
Credit Score:
Credit Score:Poor
Coverage:
Coverage:$20K Personal Property
ChubbMoneyGeek Score94Annual Premium$ 232
State FarmMoneyGeek Score93Annual Premium$ 127
American FamilyMoneyGeek Score90Annual Premium$ 264
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 Westminster, CO

The average cost of renters insurance in Westminster, Colorado, is $113 annually, which is about $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 Westminster may vary greatly depending on the amount of personal property coverage you purchase. 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.

shirt icon

clothing & accessories

Clothes, shoes, bags, belts, hats, gloves, etc.

$
$
$
$
$
$

Factors That Impact Renters Insurance Costs in Westminster

The cost of renters insurance in Westminster, 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 Westminster, 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.
mglogo icon
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 Westminster

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 Westminster, CO

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

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