Colorado Springs, CO Homeowners Insurance Quotes (2024)

Colorado Springs, CO Homeowners Insurance

At the southern edge of the Rocky Mountains lies Colorado Springs, Colorado. With a population of over 478,000, Colorado Springs is Colorado’s second most populous city after Denver. With so many parks, bike trails, and open spaces, it is one of the most desirable places to live in the United States. The city even has an average of 243 sunny days a year, making sunshine abundant for its residents. But Colorado Springs winters are moderately cold at around 30.8 degrees Fahrenheit on average. And the city receives a whopping average of 38 inches of snow per winter season.

Residents must prepare for snow anytime between October and May of each year. That’s because seasonal snow builds on homes and weighs structures down, creating significant damage come spring. And in the summer months, the dry heat and lightning from thunderstorms can create wildfires. How can Colorado Springs residents be as prepared for these natural disasters as possible? Through home insurance.

Insurify has an easy way to compare and save on home insurance. Use our comparison tool, and get the best insurance rates in Colorado Springs, CO.

Cheapest Home Insurance Companies in Colorado Springs

For homeowners in Colorado Springs, it's important that you evaluate all of your potential insurance options to ensure you are finding the best rate. Comparing the right insurance companies will allow you to get the best possible insurance rate for your home.

To simplify comparing companies, Insurify has analyzed rates from top insurance providers in Colorado Springs. The following are the best insurance rates from carriers that offer homeowners insurance in Colorado Springs.

How to Find Cheap Home Insurance in Colorado Springs

The state of Colorado has seen a massive boom in new residents over the past several years; Colorado Springs is no exception. The Colorado Springs metropolitan area is seeing a very competitive housing market with low inventory. Have you recently bought a home in Colorado Springs? Or are you looking for ways to save as a Colorado Springs homeowner? Either way, you need to protect your investment without breaking the bank.

But how do you get the best homeowners insurance while protecting your home from risks? Things like wildfires and winter storms are far too common in Colorado Springs. Thankfully, there are coverage options and additional coverage for everyone. You can start saving on Colorado homeowners insurance by bundling insurance products. Combining home insurance with auto insurance and life insurance often results in discounts and deals. Now, that’s a start!

Keep reading for a full guide on Colorado Springs home insurance.

Cheapest Home Insurance in Colorado Springs by Company

Homeowners insurance rates aren’t always designed with savings in mind. That’s where Insurify comes in. Our free home insurance comparison tool allows you to find the best policy for the best rate fast. And your information stays private and protected.

As of 2021, the average home insurance premium in the Colorado Springs area costs $2,846 annually, and the median home value is $336,611.

Living expenses in Colorado Springs are relatively lower than the average costs of living in the United States. But the average homeowners insurance premium is somewhat higher than the national average. How can policyholders get the best protection and insurance options for their homes at the cheapest rates? Compare home insurance quotes from insurance companies like Nationwide and State Farm. In just a few minutes, you can pull up your free quote from the best home insurance companies in Colorado Springs.

See below for the average cost of homeowners insurance in Colorado Springs, CO.

Average Annual Home Insurance Premium in Colorado Springs by Company

Average prices for standard homeowners insurance for a 7-15 year old home, $200,000 in coverage

Cheapest ZIP Codes in Colorado Springs for Home Insurance

Whether you live in Aurora or Pueblo, being near the Rocky Mountains means your home is vulnerable to natural disasters like drought, storms, and wildfires.

Like property costs, home insurance varies in price from city to city. Pricing is determined by ZIP code–specific variables, such as the volume of claims filed nearby, crime rates, and property costs, and risk variables, such as natural disaster frequency. Even your specific neighborhood may determine if you pay more or less on your annual premiums.

Rates in Colorado Springs can be relatively high or low compared to the national average; it all depends on which area you live in.

Home Insurance Coverage Types in Colorado Springs

There are several types of home insurance. Specific terms of insurance policies may vary by city, but in general, the standard policy types are as follows:

Flood Insurance for Colorado Springs Homeowners

Homeowners should save where they can on homeowners insurance and in the event of a natural disaster. While Colorado Springs homeowners insurance covers fires and hailstorms, there are exclusions. Home insurance generally does not cover water backup and flooding. If one of these events happens, you could end up spending a lot more than you intended on repairing your home. To have some peace of mind, it would pay off in the future to purchase flood insurance now. It doesn’t matter if you choose American Family, Centennial State, or Allstate. Your insurance agent will walk you through the steps to protect your home with flood insurance.

Wildfire Coverage

The summers in Colorado Springs can be relatively dry. But during monsoon season, the risk of lightning storms raises the chance of wildfires across Colorado. Wildfires are all too common in Colorado Springs, not just because of weather-related events. According to the National Parks Service, almost 85 percent of wildfires in the United States are caused by humans. This is a result of leaving campfires unattended, burning debris, and equipment misuse or malfunctions. As a homeowner in Colorado Springs, wildfires are a severe threat to your property. At some point, you may have to file an insurance claim. Most home insurance policies will pay out and repair home damage as a result of fire insurance claims. But you need to make sure you have enough coverage on your property and personal belongings. What would you do if your home burned to the ground and everything needed to be rebuilt or replaced? Talk to your local agent to determine if you have enough coverage, and if necessary, purchase additional coverage as needed.