Colorado home insurance

Every figure below is sourced and dated. Estimates only — not quotes, and not offers of coverage.

Home insurance premium estimator

What homeowners insurance costs in your state, and whether what you pay is out of line.

Replacement cost calculator

Is your dwelling coverage actually enough to rebuild — and what a shortfall costs at claim time.

Deductible comparison

What a higher deductible really saves, how long it takes to pay off, and what a storm deductible actually costs.

Renewal increase check

Did your renewal go up more than premiums did across your state — and what to do about it.

Full coverage check

All six limits on your policy against what the standard form and regulators say to expect — including the liability limit nobody looks at.

Colorado at a glance

Average premium: $4,412/ yr; At $300,000 of dwelling coverage.
Standard deductible: $2,500; Applies to everyday claims.
Storm deductible — separate, and much larger: $6,000(2% of coverage); What you would pay out of pocket on $300,000 of coverage before a storm claim pays anything — not the $2,500 above.
Insurer of last resort: Colorado FAIR Plan Association; One of the newest FAIR plans in the country. Authorized by HB23-1288, signed May 12, 2023, it began issuing residential homeowners policies on April 10, 2025 and commercial property policies on June 17, 2025. It is run by an industry board rather than by state employees. Eligibility is a genuine last resort: an applicant must show that at least three admitted carriers have declined to write them and must not hold an offer of coverage from any admitted carrier. Residential dwelling coverage is capped at $750,000 (commercial buildings at $5 million), which is a real constraint in Front Range and mountain markets where replacement cost frequently exceeds that. The base policy covers fire and lightning only; windstorm, hail, personal property, smoke, vandalism and volcanic eruption are purchasable add-ons, and ordinance-or-law, earth movement, water damage and power failure are excluded. Critically for a hail state, coverage is written on an ACTUAL CASH VALUE basis rather than replacement cost, and premiums run substantially above standard-market rates. It is a backstop against having no coverage at all, not a substitute for a private policy.

Last updated 2026-08-28. How we source every figure