Colorado Homeowners Insurance Coverage

Whether you own a modern prairie home outside Boulder or a traditional Victorian in Leadville, with a Farmers FlexSM Personal Home policy you can choose quality coverage for your Colorado lifestyle today, with new ways to help you save.

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Is homeowners insurance required in Colorado?

No, homeowners insurance is not required by law in Colorado. However, in order to get a home loan, your mortgage lender will likely require you to obtain a certain amount of insurance coverage.

What does homeowners insurance cover in Colorado?

Every policy is different, but home insurance policies in Colorado typically come with several standard coverages.

  • Dwelling (Coverage A). This coverage helps you pay for damage to your home from a covered event, such as a fire, windstorm, lightning or hail.

  • Other structures (Coverage B). This coverage is intended to help cover structures that aren’t connected to your home, like a fence or shed.

  • Personal property (Coverage C). This coverage helps you repair or replace your personal belongings if they are stolen or damaged.

  • Loss of use, or additional living expense coverage (Coverage D). This coverage can help you pay to stay somewhere else if your home is uninhabitable due to covered damage.

  • Personal liability (Coverage E). This coverage helps pay for accidental property damage or injuries you cause through negligence. 

Typical home insurance policies in Colorado cover damage caused by events such as:

  • Fire
  • Vandalism and theft
  • Lightning strikes
  • Wind
  • Hail
  • Explosions
  • Falling objects
  • The weight of snow or ice

Flooding is not covered. However, special flood insurance through the National Flood Insurance Program (NFIP) may be available. 

Farmers Flex Personal Home coverage in Colorado

Beyond the basic coverages, Farmers Flex Personal Home offers a wide range of options that let you customize your policy, such as:

  • Guaranteed Replacement Cost
  • Water Backup and Sump Overflow
  • Emergency Mortgage Assistance
  • Declining Deductibles®
  • Claim Forgiveness

Learn more about Farmers Flex Personal Home policies

How much does homeowners insurance generally cost in Colorado?

The average premium for home insurance coverage in Colorado is $1,667 per year1, according to a 2020 report (the most recent data available) by the National Association of Insurance Commissioners (NAIC). However, insurance costs in most states have changed since then. Also, the amount you pay may be different, depending on things like the value and age of your home, how much personal property you want to cover, what deductible you choose and risks specific to your area.

Colorado home insurance discounts

Farmers® offers a variety of savings opportunities for eligible home insurance customers in Colorado, including:

  • Welcome Discount
  • Home Buyer Discount
  • Multi-Policy Discount
  • Loyalty Discount
  • Claim Free Discount

See more information and additional discounts that may be available in Colorado.

Lark Bunting

It’s hard to overlook a male lark bunting in spring. He shows off the white patches on his black wings during his courtship flight while trilling a canary-like song. — National Audubon Society

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Learn From Experience

Read real-life stories about insurance, renovations, home safety and more from pros and homeowners like you.

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The most common type of water damage to homes isn’t caused by hurricanes or floods. It’s caused by the dishwasher, hot water heater and other appliances or plumbing. Read real stories of epic water damage — and what homeowners, their plumbers and restoration experts say about reducing the risk of water leaks.

Why Did My Homeowners Insurance Go Up?

When outside forces impact either (or both) of those factors, it can explain why rates may be increasing. But there are steps you can take to help keep your costs down. 

Buying Home Insurance? Make Sure Your Valuables Are Covered

It all comes down to knowing the right questions to ask. When buying a homeowners policy, it's important to ask is about the limitations and exclusions.

1 Based on average premium for HO-3 type open perils homeowners policies.