5 Best Colorado Springs Homeowners Insurance Companies (2025)
Armed Forces, Grange, and Allstate offer some of the best homeowners insurance policies in Colorado Springs.
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Written byErin Gobler
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Over 5 years of experience in financial writing
Certified in financial planning by Boston University
Erin is a writer and journalist specializing in personal finance. With more than five years of experience, Erin has covered topics such as credit cards, mortgages, insurance, and more.
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Edited byBecky Helzer
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Becky Helzer is an editor at Insurify. She loves helping writers express their ideas clearly and authentically. With a diverse background in editing everything from curriculum and books to magazine articles and blog posts, she’s worked on topics ranging from home finance, insurance, and cloud computing to the best tools for home improvement.
A proud graduate of Colorado State University with a degree in technical journalism, Becky lives in Fort Collins, CO, with her husband and their two spoiled rescue dogs.
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Table of contents
The average yearly cost of home insurance in Colorado Springs is $3,612 for a policy with a $1,000 deductible and $300,000 in dwelling coverage, Insurify data shows.
Colorado Springs has far higher home insurance premiums than the national average of $2,532 per year, partially due to the state’s propensity for wildfires, hailstorms, and other weather-related perils. But you have plenty of ways to save money on your coverage by shopping strategically.
Here’s what you should know about comparing home insurance quotes and finding coverage in Colorado Springs.
Quick Facts
Armed Forces Insurance Exchange, Grange, and Allstate offer the cheapest home insurance in Colorado Springs.
Homeowners insurance in Colorado Springs with $400,000 in dwelling coverage costs an average of $4,572 per year — much more than a policy with $300,000 in dwelling coverage.
Standard home insurance policies typically cover damage from fires, wind, and hail.
Best home insurance companies in Colorado Springs
Homeowners in Colorado Springs have many quality insurers to choose from when shopping for home insurance. The best home insurance company for you depends on a variety of factors, including your individual situation and needs.
Insurify identified five of the top insurers that stand out in terms of their rates, customer service, discounts, and other factors.
Cheap rates: Armed Forces Insurance Exchange
Armed Forces Insurance Exchange offers some of the best prices for Colorado Springs homeowners. The company has been around since 1887 with the mission of providing insurance coverage to military service members and veterans.
Armed Forces Insurance offers all standard home insurance coverages, as well as plenty of additional coverage options, including earthquake or flood coverage, animal liability coverage, identity theft protection, water backup and sump overflow, and more.
Pros
Many available add-ons to customize your policy
Gives back to military and local communities
Cons
Available only to military members, veterans, and their families
Can’t complete the entire quote process online
Best insurer for personalized local service: Grange
personalized local service
Grange
Compare personalized, real-time quotes
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | NR |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | NR |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $133/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $221/mo |
Founded in 1894, Grange Insurance Association is a regional insurer serving customers in California, Colorado, Idaho, Oregon, Washington, and Wyoming. It works with independent agents who live in the communities it serves to ensure everyone gets the best service.
Grange offers comprehensive policy packages that include a wide variety of coverages, from standard home coverage to water backup protection, guest medical expenses coverage, lock replacement, and much more. Grange also offers more than half a dozen discounts to help you save on your home insurance premiums.
Pros
Local company with independent agents in the community
Comprehensive policy packages available
Cons
Quotes not available online
Flood or earthquake insurance not available
Best insurer for coverage options: Allstate
AllstateCompare personalized, real-time quotes
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 8.2/10 |
|---|---|
| JD Power J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale. | 631 |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $125/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $134/mo |
Allstate is among the top national home insurers and has a variety of coverage options. In addition to standard homeowners insurance coverage, it offers home-sharing coverage, green improvement reimbursement, yard and garden coverage, and much more.
Allstate also has an impressive lineup of discounts available, including a loyalty discount, new homebuyer discount, windstorm mitigation discount, and more.
Pros
Multiple available discounts
Highly rated mobile app
Cons
Below-average customer satisfaction rating in the J.D. Power 2025 U.S. Home Insurance Study
Guaranteed or extended replacement cost coverage not available
Best insurer for customer satisfaction: State Farm
State FarmCompare personalized, real-time quotes
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 8.2/10 |
|---|---|
| JD Power J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale. | 643 |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $218/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $314/mo |
State Farm is the largest writer of homeowners insurance premiums nationwide, and it’s also a great option for Colorado Springs homeowners. The company is known for having some of the top customer satisfaction ratings of any insurer.
And thanks to the company’s large network of local independent agents, you’ll get personalized service while still getting the robust technology that comes with a large insurer.
Pros
Above-average J.D. Power customer satisfaction rating
Large network of local independent agents
Cons
Fewer available discounts than many insurers
Fewer available add-ons than competitors
Best insurer for guaranteed replacement cost coverage: Auto-Owners
Auto-OwnersCompare personalized, real-time quotes
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 7.4/10 |
|---|---|
| JD Power J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale. | 634 |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $195/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $282/mo |
Auto-Owners offers customers an array of insurance products, including homeowners coverage, auto, life, business, and more.
One standout feature is its guaranteed replacement cost coverage endorsement, which covers the total cost of replacing your house even if rebuilding costs exceed your policy’s limit. This is important in Colorado, where wildfires are common and very destructive.
Pros
Wide variety of discounts
Above-average J.D. Power claims satisfaction rating
Cons
Quotes not available online
Below-average J.D. Power customer satisfaction rating
Our editorial team analyzed regional and national home insurance companies that sell policies in Colorado Springs to assess which offer the best rates, coverage options, customer service, and savings to homeowners. We prioritized competitive rates, 24/7 customer service, homeownership discounts or bundling options, and specialty or supplemental coverages.
How much is home insurance in Colorado Springs?
Average homeowners insurance costs in Colorado Springs are $3,612 per year for a policy with a $1,000 deductible and $300,000 in dwelling coverage and $5,424 per year for a policy with a $500 deductible and $300,000 in dwelling coverage.
Colorado is among the top 10 most expensive states for home insurance.[1] The average cost of homeowners insurance in Colorado Springs is much higher than the national average but similar to the state average, which is $2,748 per year for $300,000 in dwelling coverage and a $1,000 deductible.
A key reason for the state’s expensive premiums is its high rate of natural disasters. Colorado experiences hundreds of wildfires per year, and they’ve been particularly bad in recent years. The state is also known for its severe hailstorms. As a result, the state has a higher number of claims — and more expensive claims — than many other states.
Additionally, like much of the country, inflation and increased building costs have also affected Colorado’s home insurance market.
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Cheapest home insurance companies in Colorado Springs
Allstate offers some of the cheapest home insurance in Colorado Springs, with homeowners paying around $125 per month for $300,000 in dwelling coverage with a $1,000 deductible.
The table below shows some of the cheapest homeowners insurance companies in Colorado Springs.
The below rates are estimated rates current as of: Tuesday, October 7 at 12:00 PM PDT.
Insurance Company  | Average Annual Premium |
|---|---|
| Grange | $1,128 |
| Foremost | $1,428 |
| Allstate | $1,440 |
| Auto-Owners | $1,812 |
| USAA | $1,968 |
| State Farm | $2,064 |
| American Family | $2,076 |
| Chubb | $2,268 |
| Travelers | $2,364 |
| Farmers | $2,700 |
| Shelter | $2,724 |
| Nationwide | $3,108 |
| Allied | $3,228 |
| Encompass | $3,504 |
| Acuity | $3,624 |
| COUNTRY Financial | $4,656 |
The below rates are estimated rates current as of: Tuesday, October 7 at 12:00 PM PDT.
Insurance Company | Average Annual Premium |
|---|---|
| Allstate | $1,608 |
| Grange | $2,652 |
| Foremost | $3,096 |
| American Family | $3,324 |
| Auto-Owners | $3,384 |
| USAA | $3,600 |
| State Farm | $3,768 |
| Travelers | $4,284 |
| Allied | $5,028 |
| Chubb | $5,508 |
| Farmers | $5,820 |
| Shelter | $6,168 |
| Encompass | $6,396 |
| Nationwide | $6,924 |
| Acuity | $9,228 |
| COUNTRY Financial | $9,372 |
The below rates are estimated rates current as of: Tuesday, October 7 at 12:00 PM PDT.
Insurance Company | Average Annual Premium |
|---|---|
| Allstate | $1,884 |
| Grange | $3,960 |
| American Family | $4,032 |
| Auto-Owners | $4,296 |
| Foremost | $4,524 |
| USAA | $4,536 |
| State Farm | $5,028 |
| Travelers | $6,036 |
| Farmers | $7,200 |
| Shelter | $8,136 |
| Chubb | $8,304 |
| Encompass | $8,520 |
| Allied | $9,744 |
| Nationwide | $10,128 |
| Acuity | $12,876 |
| COUNTRY Financial | $13,020 |
How much homeowners insurance do you need in Colorado Springs?
These are the four main components of what a standard home insurance policy covers:[2]
Dwelling coverage: This pays to repair or rebuild your home if a covered peril damages or destroys it. You’ll want to choose enough dwelling coverage to rebuild your home if it’s a total loss.
Personal property: If a covered peril damages your belongings, such as clothing, furniture, or electronics, home insurance will pay to replace them. Creating a home inventory can help you determine how much personal property coverage you need.
Additional living expenses: If your home becomes uninhabitable, this portion of your policy pays for your temporary living expenses beyond the norm, such as hotel stays.
Personal liability: If someone is injured on your property and sues you, personal liability pays for medical bills and any legal fees.
As a general rule, you want enough homeowners insurance coverage to be able to replace or rebuild your home in the event of a total loss. It’s also important to consider the value of your personal belongings and your personal liability risks. If you aren’t sure how much coverage you need, your insurance agent can help.
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What to know about home insurance in Colorado Springs, CO
Several perils in Colorado Springs could cause you to file a homeowners insurance claim. In Colorado especially, the most common home insurance perils tend to be weather-related.
Here are a few you may encounter:
Wildfires
Fires are among the top home insurance perils in Colorado Springs, and they’re only becoming more prevalent. For example, the three largest wildfires in Colorado history occurred in 2020.[3] The good news is standard home insurance policies cover wildfires. Unfortunately, some insurers have declined to renew policies for homeowners in especially high-risk areas.
Hailstorms
Hail is another of the most common home insurance perils in Colorado Springs. Each year, it causes significant damage to homes, crops, vehicles, and more. Hail season generally lasts from late April to mid-August. Standard homeowners insurance covers hail damage.
Windstorms
Windstorms are another common peril for Colorado Springs residents. The state tends to get large storms throughout the year, which include heavy winds that can damage homes. Like fire and hail, standard home insurance policies generally cover wind damage.
Average cost of home insurance in other cities in Colorado
Home insurance premiums vary by city, and even by individual ZIP codes and neighborhoods within a city.[4] A key reason for these differences is the chances of a claim being filed in a given area. For example, if the area of Colorado you live in has a higher chance of wildfire or a greater incidence of property crimes, you could end up paying more for your insurance.
Every city in Colorado has home insurance premiums that are higher than the national average, but some are higher than others. Colorado Springs is among the most expensive cities in the state for home insurance.
Premiums shown in the table below are for policies with a $1,000 deductible and $300,000 in dwelling coverage.
The below rates are estimated rates current as of: Tuesday, October 7 at 12:00 PM PDT.
City | Average Annual Premium |
|---|---|
| Fort Collins | $2,988 |
| Boulder | $3,048 |
| Greeley | $3,228 |
| Denver | $3,468 |
| Colorado Springs | $3,612 |
Colorado Springs homeowners insurance FAQs
The following information can help answer any remaining questions about finding homeowners insurance in Colorado Springs.
Home insurance in Colorado Springs costs an average of $3,612 per year for a policy with a $1,000 deductible and $300,000 in dwelling coverage, Insurify data shows.
But your rates will depend on many factors, including your ZIP code, the age and square footage of your home, and the coverage levels you choose.
Allstate has the cheapest homeowners insurance in Colorado Springs, with an average monthly premium of $125 for a policy with $300,000 in dwelling coverage and a $1,000 deductible.
Other affordable insurers in the city include Grange and Auto-Owners.
No. Colorado doesn’t require homeowners insurance, but your lender will require you to carry coverage if you have a mortgage on your home. Even if you’ve paid off your home, having home insurance is vital. It can help you with costly repairs or replacement if something damages or destroys your home.
There’s no one “best” home insurance company in Colorado Springs, as every homeowner has different needs. But Armed Forces, Grange, and Allstate are a few of the best home insurance companies in Colorado Springs.
Insurance on a $400,000 house in Colorado Springs with a $1,000 deductible costs an average of $4,572 each year. Your costs will vary based on your home’s age, square footage, and features, as well as the type of homeowners policy you choose.
Colorado is at risk for severe weather events, including hail, windstorms, and wildfires. People who live in at-risk areas are at a greater risk of filing a claim, so insurers raise rates to offset their risk of insuring homeowners in these areas.
Methodology
Insurify data scientists analyzed rates from more than 180 home insurance companies sourced directly from Insurify’s partner companies and Quadrant Information Services. Rates span all 50 states and Washington, D.C., and quote averages represent the mean price for a given coverage level and geographic area. To ensure data reliability, only insurers meeting minimum quote thresholds were included in the analysis.
Unless otherwise specified, quoted rates reflect the average cost for homeowners with no prior claims and good credit with a home construction year of 1980. The default coverage assumptions include:
Default Coverage Assumptions
- Dwelling coverage: $300,000
- Deductible: $1,000
- Personal property limit: $25,000
- Liability limit: $300,000
Additional data points beyond these default values are sourced from Insurify’s proprietary database. Rates are updated monthly.
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Sources
- Colorado State University. "Wildfire risk is driving up insurance costs for Colorado homeowners."
- Insurance Information Institute. "Homeowners Insurance Basics."
- U.S. Department of Agriculture Forest Service. "Confronting the Wildfire Crisis."
- National Association of Insurance Commissioners. "A Consumer's Guide to Home Insurance."
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Erin Gobler
Erin Gobler is a personal finance writer and journalist based in Madison, Wisconsin. With more than five years of experience, Erin has covered topics such as investing, credit cards, mortgages, insurance, and more. Her work has been featured in major publications like Business Insider, Fox Business, and Time. Erin received her bachelor’s degree from the University of Wisconsin-Oshkosh in 2013, studying journalism and political science. She also received a certificate of financial planning from Boston University in 2022.
Becky Helzer is an editor at Insurify. She loves helping writers express their ideas clearly and authentically. With a diverse background in editing everything from curriculum and books to magazine articles and blog posts, she’s worked on topics ranging from home finance, insurance, and cloud computing to the best tools for home improvement.
A proud graduate of Colorado State University with a degree in technical journalism, Becky lives in Fort Collins, CO, with her husband and their two spoiled rescue dogs.