A state that grows in population each passing year, Colorado living provides a fine balance between city living and access to the outdoors. Yet whether you’re new to the state or have lived there all your life, you should know that Colorado can also experience rough weather, fires, and other problems that can threaten your home. For these reasons, we recommend homeowners insurance to nearly everyone. Further still, so we reviewed the cheapest options in the state for you to make the process easier for you.
Here are the five cheapest homeowners insurance providers operating in Colorado:
The Five Cheapest Quotes:
Every home in Colorado is different in its value and in the risks that face it, so your results and quotes may vary. However, we’re confident that you can use the following information as a fantastic general guide for your search.
The number listed next to each provider is the average annual rate for a standard policy.
1) Alliance Insurance $777
In many ways more of an agency than a provider in their own right, Alliance Insurance works primarily in the Arvada and Denver areas, and has a team of dedicated specialists ready to help you navigate quotes and answer questions regarding your home and its potential future insurance policy. If you don’t know where to turn or are looking for some more help to guide you through the process, going to their website or giving them a call is your best choice.
The main disadvantage is that you won’t be working with them too much after you get your policy, and you might not know everything about who you’ll be getting a policy from until partway into the process. Additionally, it might not be the best choice for people outside of their main areas of operation.
You can expect the following working with Alliance Insurance:
- A very helpful staff who will certainly point you in the right direction.
- A team and process that knows the area, it’s specific risks, and the best solutions.
- People on your side to help you get the lowest possible rate.
2) Colorado Farm Bureau: $839
More of an organization that also offers homeowners insurance than a normal company, the Colorado Farm Bureau was originally created for farmers and people in the agriculture field in order to represent their interests and provide support. Yet you can happily know that they open their arms to any who would support them, and a main benefit is access to their homeowners insurance plan. They give customers few causes for complaint, offer plenty of options, and keep prices low for customers.
Those benefits in mind, the organization might not have as much stability as some larger companies, and you will need to become a member to consider getting the insurance.
You can expect the following working with Colorado Farm Bureau:
- A team and general strategy that works primarily with and for Colorado residents.
- A plan that might be the best choice for people who are in the farming industry.
- Specialty homeowners insurance options offered through partners if you have a nonstandard home.
3) Allstate: $840
A company known throughout the country for their insurance offerings, Allstate is a well-established provider of policies to millions of customers who should be able to give you a plan no matter your situation. Efficient and clean, they offer a great mobile and online experience, benefits that only a large provider can offer, and reliability that’s beyond question.
Yet while they are easy to use online, you might not have the same feelings of elation when talking to someone, as their customer service is average to most. Some customers even complained about poor response times or pushy representatives.
You can expect the following working with Allstate:
- Additional coverage options which include water backup damage coverage, gardening and landscaping damage plans, identity theft restoration, umbrella coverage, and more.
- Plenty of discounts available that could potentially make them your cheapest option.
- A large online library of tools and resources to give you a clear picture of the insurance situation in your area as well as answer any questions you might have.
4) Nationwide: $916
A homeowners insurance provider that we can confidently say is the next step up, Nationwide is reliable, extremely financially secure, and has a national infrastructure and the experience to easily handle any problem that comes its way. And while the price may seem like a lot, we would like to note that there are plenty of discount options available to keep costs reasonable for your family.
A few people might run into a customer service issue or two, but the main drawback to Nationwide is the overall price for an annual policy. It can be too much for some families, and some of their optional coverages, while great, can be too expensive.
You can expect the following working with Nationwide:
- Plenty of room for customization of your policy.
- Excellent replacement coverage, and a specific plan to help you more easily replace or repair damaged possessions.
- A free (and optional) annual review to make sure that you are getting the best policy possible.
5) AAA: $925
AAA can be a mixed bag and a mystery blended together when it comes to homeowners insurance. Their insurance policies, often created through partnerships with other companies, vary widely from state to state and even from county to county in Colorado. Given the higher rate, we understand if you aren’t, but if you just get a quote you might find yourself lucky or getting exactly what you want.
The problems with AAA all relate to the fact that working with them can be a gamble. Customer service can be a hit or miss depending on your region, and you might not get partnered with a great company through AAA.
You can expect the following working with AAA:
- The benefits that come with being a AAA member.
- Excellent benefits and discounts if you’re bundling homeowners and car insurance plans.
- Service that is usually available, if not always perfect.
Outside of natural beauty, nothing is guaranteed when living in Colorado, which is why we implore you to consider getting homeowners insurance. With a good policy, you can safely plan for the future and pick you and your family up off the ground quickly in the event of a disaster. Finding the right provider can be a difficult choice, but we hope that with the above information and some additional research you will be able to provide this safety net for your household soon.