Best and Cheapest Renters Insurance in Colorado for 2025 (10 Most Affordable Companies)

USAA, Liberty Mutual, and Geico offer the best and cheapest renters insurance in Colorado, with rates starting at $15 per month and personal property coverage up to $10,000.

USAA provides military members with uniform replacement at no deductible and coverage for deployment storage. Liberty Mutual includes inflation protection, water backup coverage, and discounts for bundling with auto policies. Geico offers up to $500,000 in personal liability coverage and additional protection for electronics and valuables.

Company	Rank	Monthly Rates	A.M. Best	Best For	Jump to Pros/Cons
	#1	$15	A++	Military Focus	USAA
	#2	$19	A	Extensive Coverage	Liberty Mutual
	#3	$22	A++	Affordable Rates	Geico
	#4	$30	B	Customer Service	State Farm
	#5	$32	A+	Multi-Policy Options	Nationwide
	#6	$34	A++	Customizable Plans	Travelers
	#7	$35	A	Customer Loyalty	American Family
	#8	$36	A+	Competitive Pricing	Progressive
	#9	$49	A	Personalized Service	Farmers
	#10	$40	A+	Trusted Brand	Allstate

Renters insurance in Colorado ensures financial security against theft, fire, and unexpected disasters.

By entering your ZIP code into our free comparison tool, you can obtain the best rates regardless of the coverage you require.

What You Should Know

• USAA offers the best renters insurance in Colorado, with $10,000 in personal property coverage
• Renters insurance in Colorado starts at $15 per month, covering fire, theft, and liability
• Top providers offer inflation protection, water backup, and electronics coverage

#1 – USAA: Top Overall Pick

Pros

• Lowest Rates in Colorado: USAA offers renters insurance at $15 per month, which is the most affordable option, backed by its A++ financial strength rating.
• Military Uniform Protection: USAA covers up to $10,000 in personal property for military members in Colorado, with no deductible for uniforms.
• Deployment Storage Coverage in Colorado: Belongings stored in a military base storage facility are fully covered during deployments.

Cons

• Limited Eligibility: Only active military members, veterans, and their families qualify for USAA renters insurance in Colorado. Learn more about their rates in our USAA insurance review.
• No Customizable Plans: Unlike Liberty Mutual and Travelers, USAA does not allow optional add-ons beyond standard coverage in Colorado.

#2 – Liberty Mutual: Best for Extensive Coverage

Pros

• Multi-Policy Discounts: Renters in Colorado who bundle with auto insurance save up to 12% on total premiums. To find out more, explore our Liberty Mutual review.
• Water Backup Coverage: An optional add-on protects against damage from sewer backups, a common issue in older Colorado apartments.
• Inflation Protection in Colorado: Automatic policy updates ensure coverage limits rise with inflation to prevent underinsurance.

Cons

• Fewer Discount Opportunities: Liberty Mutual has fewer options for reducing premiums than Progressive or Nationwide, which restricts affordability.
• Claims Process Delays: Liberty Mutual has a BBB rating of A-, with customer complaints frequently citing slow claims resolutions.

#3 – Geico: Best for Affordable Rates

Pros

• Competitive Pricing: Geico offers $22 per month premiums in Colorado, making it the third most affordable option in the state.
• Identity Theft Protection: Optional coverage in Colorado provides policyholders $25,000 in fraud recovery assistance.
• Personal Property Coverage in Colorado: Policies include replacement cost coverage instead of actual cash value, ensuring complete item replacement.

Cons

• Third-Party Underwriting: Geico renters' policies are underwritten by partner companies, leading to service inconsistency.
• Limited Customization in Colorado: Unlike Travelers and Liberty Mutual, Geico does not offer optional coverages like earthquake protection. Learn more by reading our Geico review.

#4 – State Farm: Best for Customer Service

Pros

• 24/7 Claims Support: State Farm offers live customer service at all hours in Colorado, earning a 4.4/5 customer satisfaction rating.
• High Personal Liability Limits: Coverage extends up to $500,000 in Colorado, protecting renters from injuries or property damage lawsuits.
• Earthquake Endorsement: For an additional cost, renters in Colorado can add seismic damage protection, which is rare among providers.

Cons

• Above-Average Premiums in Colorado: At $30 per month, State Farm costs 100% more than USAA and 58% more than Geico, making it less budget-friendly.
• Strict Underwriting Process: Renters with prior claims in the past three years may face higher premiums or denial of coverage. Access comprehensive insights into our State Farm review.

#5 – Nationwide: Best for Multi-Policy Options

Pros

• Up to 20% Bundling Discount: Renters who bundle with Nationwide auto or homeowners insurance receive significant savings.
• Valuables Plus Coverage: In Colorado, high-value items like jewelry, art, and collectibles get specialized coverage with higher limits.
• Replacement Cost Coverage: Unlike actual cash value policies, Nationwide ensures full-value reimbursement for damaged or stolen belongings.

Cons

• Expensive at $32 per Month in Colorado: Rates are 113% higher than USAA and 42% above Liberty Mutual, making it less cost-effective. Discover insights in our Nationwide review.
• Coverage Restrictions in Colorado: Properties in high-risk wildfire zones (e.g., Boulder and Fort Collins) may be excluded or require additional underwriting.

#6 – Travelers: Best for Customizable Plans

Pros

• Adjustable Personal Property Limits: Renters in Colorado can increase coverage beyond $50,000, making it ideal for those with expensive electronics or furnishings.
• Green Home Discount: Renters in Colorado LEED-certified buildings or with ENERGY STAR appliances qualify for a 5% policy discount.
• Equipment Breakdown Protection: Covers unexpected failures of HVAC systems, refrigerators, and major appliances in Colorado, reducing repair costs.

Cons

• High Monthly Premiums in Colorado: At $34 per month, Travelers is 127% more expensive than USAA and 79% more than Geico, limiting affordability.
• Complex Policy Terms: The extensive customization options make it difficult for renters to determine the necessary coverages. Unlock details in our Travelers review.

#7 – American Family: Best for Customer Loyalty

Pros

• Loyalty Discounts for Long-Term Policyholders: Renters insured in Colorado for three years or more get 5% off renewal premiums. Delve into our evaluation of American Family insurance review.
• Diminishing Deductible: For every claim-free year in Colorado, the deductible decreases by $100, reducing out-of-pocket costs.
• Identity Theft Protection: Coverage in Colorado includes up to $15,000 in fraud recovery expenses, including credit monitoring and legal fees.

Cons

• Not Available in All Colorado Cities: American Family does not offer coverage in smaller towns like Sterling, Trinidad, and Gunnison.
• Higher-Than-Average Premiums: At $35 per month, American Family is 133% pricier than USAA and 59% more expensive than Liberty Mutual, making it a less budget-friendly option.

#8 – Progressive: Best for Competitive Pricing

Pros

• 10% Discount for Claim-Free: Renters with zero claims in the last five years qualify for a Colorado policy discount.
• Affordable Add-Ons: Extra coverages like Colorado water backup protection and personal electronics coverage are cheaper than competitors like Nationwide.
• Bundling Discounts up to 15% in Colorado: Renters who combine Progressive auto and renters insurance see significant savings.

Cons

• Higher Monthly Premiums in Colorado: At $36 per month, Progressive is 140% more expensive than USAA and 53% more than Geico, reducing affordability.
• Lower Personal Property Limits: The default coverage limit is $20,000, which is half of what Travelers and State Farm offer. Discover more about offerings in our Progressive insurance review.

#9 – Farmers: Best for Personalized Service

Pros

• Local Agent Support: Colorado renters receive individualized policy assistance through in-person consultations at more than 50 Farmers' locations throughout the state.
• Customizable Renters Insurance: Colorado policyholders have more freedom by being able to change their liability and personal property limitations.
• Earthquake and Flood Protection: Farmers in Colorado are among the few providers offering both endorsements for renters. Check out insurance savings in our complete Farmers insurance review.

Cons

• Limited Coverage Customization: Farmers offers fewer optional endorsements in Colorado compared to Travelers and Liberty Mutual, restricting policy flexibility.
• Minimal Discounts: Unlike Progressive or Liberty Mutual, Farmers provides few discount options beyond bundling in Colorado.

#10 – Allstate: Best for a Trusted Brand

Pros

• Outstanding Financial Strength: Allstate has an A+ financial strength rating from A.M. Best in Colorado, which guarantees the dependability of its claims for a long time.
• Extended Liability Limits: To guard against litigation, policyholders in Colorado can raise their liability coverage to $500,000.
• Claim-Free Rewards: In Colorado, the deductible drops by $100 for each year without a claim, up to a $500 limit. See more details on our Allstate review.

Cons

• Less Customization Options: Allstate has fewer optional coverages than Liberty Mutual or Travelers, which limits policy versatility.
• Limited Bundling Discounts in Colorado: Unlike Nationwide and Progressive, Allstate’s multi-policy savings max out at 10%, making it less cost-effective.

Comprehensive Breakdown of Renters Insurance Costs in Colorado

Renters insurance rates in Colorado differ based on coverage limits, optional endorsements, and discount eligibility. While some companies provide essential personal property protection, others offer inflation-adjusted coverage, identity theft restoration, or diminishing deductibles that impact the total cost.

USAA, at $15 per month, covers $10,000 in personal property and waives deductibles on military uniforms. Liberty Mutual at $19 per month includes inflation protection and sewer backup coverage to safeguard against costly repairs. At $22 per month, Geico offers identity theft protection up to $25,000 and a full replacement cost for stolen electronics.

Insurance Company	Monthly Rates
	$40
	$35
	$49
	$22
	$19
	$32
	$36
	$30
	$34
	$15

State Farm at $30 per month and Nationwide at $32 per month provide personal liability coverage up to $500,000 to cover legal fees and damages. Progressive at $36 per month offers a 10 percent discount for claim-free renters for five years, while American Family at $35 per month reduces deductibles by $100 for every claim-free year. Farmers at $49 and Allstate at $40 per month extend liability protection beyond $500,000, allowing endorsements for high-value jewelry and collectibles, features often included in renters insurance required mandates for luxury apartments.

Comparing Renters Insurance Savings Across Top Insurers

Renters insurance in Colorado isn't just about coverage—it's also about how much you can save. One of the things to know about renters insurance is that discounts for bundling policies, staying claims-free, adding security systems, staying loyal to an insurer, and using autopay can all help lower costs. Finding the right company with stackable discounts makes a big difference.

Insurance Company	Bundling	Claims-Free	Security Systems	Loyalty	AutoPay
	20%	10%	10%	7%	3%
	12%	10%	6%	5%	3%
	15%	9%	6%	5%	3%
	10%	9%	5%	4%	2%
	10%	8%	7%	5%	2%
	12%	10%	8%	6%	3%
	10%	7%	5%	4%	2%
	15%	12%	10%	8%	5%
	13%	8%	7%	6%	4%
	5%	3%	4%	2%	1%

Allstate is the best option for renters who want to combine their renters' and auto insurance because it gives the largest bundling discount (20%). State Farm ensures well-rounded discounts with 15% bundling, 12% for renters without claims, and 10% for security systems. Long-term policyholders are rewarded with bundling savings ranging from 12% to 15% offered by Farmers, Travelers, and Nationwide.

Geico, Liberty Mutual, and Progressive offer bundling savings of 10% to 12%, with claims-free discounts ranging from 7% to 9%. USAA renters insurance, designed for military members, provides lower discounts but includes exclusive coverage benefits. Renters in Colorado should compare their savings options carefully to secure cheap renters insurance in Colorado without sacrificing important protections.

Comprehensive Renters Insurance Coverage in Colorado

The coverage of Colorado renters insurance varies; some policies eliminate necessary features, while others offer identity theft protection, water backup coverage, and enhanced liability limits. Renters should compare personal property limits, liability coverage up to $500,000, loss of use benefits, and medical payments to ensure full protection.

Insurance Company	Personal Property	Liability Coverage	Loss of Use	Medical Payments	Identity Theft Protection	Water Backup
	✅	✅	✅	✅	✅	✅
	✅	✅	✅	✅	✅	❌
	✅	✅	✅	✅	✅	✅
	✅	✅	✅	✅	❌	❌
	✅	✅	✅	✅	❌	✅
	✅	✅	✅	✅	✅	✅
	✅	✅	✅	✅	❌	✅
	✅	✅	✅	✅	✅	❌
	✅	✅	✅	✅	✅	✅
	✅	✅	✅	✅	✅	✅

Allstate, Farmers, Nationwide, Travelers, and USAA offer full coverage, including identity theft protection and water backup coverage, making them the most comprehensive choices. Geico, Liberty Mutual, Progressive, and State Farm renters insurance exclude water backup protection, which can leave renters paying for sewer overflows and drain backups out of pocket.

Geico renters insurance, Liberty Mutual, and Progressive also lack identity theft coverage, exposing renters to potential fraud-related losses of over $25,000. With these coverages combined at no additional cost, USAA is still a great choice for active military personnel. Colorado renters should carefully examine insurance policies to prevent coverage gaps and ensure financial security while planting for their financial future with insurance.

Average Rental Prices Across Denver Neighborhoods

In Denver, Colorado, the average rent is $15 per month, though prices fluctuate based on location and apartment size.

As Colorado’s capital and most populous city, Denver offers stunning views of mountain ranges visible from the Mile High City. With over 700,000 residents, rent varies significantly by neighborhood, ranging from $14 in Westwood to $15 in Congress Park.

Apartment size also influences rental pricing. Studio apartments in Denver average $12 monthly, while one-bedroom units cost around $15. Larger three-bedroom apartments reach an average of $25 per month. While living expenses in Denver can be high, renters should not undervalue the importance of renters insurance in Denver, which helps protect personal belongings against theft, fire, and unexpected damage.

In Colorado, renters insurance offers a reasonably priced defense against unforeseen losses and property damage, with an average policy costing $16 per month. For more insights, renters can explore the most popular renters insurance posts to make informed decisions about their coverage options.

Protecting College Students' Belongings with Renters Insurance

In Colorado Springs, the average rent for an apartment is $15 per month, though costs fluctuate depending on location and apartment size.

Colorado Springs, just over 60 miles south of Denver, is home to the Colorado Springs Olympic Training Center and the United States Olympic Committee. It is situated at the base of the Rocky Mountains. Rent prices vary across the city, with Flying Horse Ranch averaging $17 monthly, while Old North End offers more affordable options at $13 monthly.

Apartment type also impacts pricing. Studio apartments average $12 per month, while one-bedroom units cost around $15. Larger three-bedroom apartments reach $25 per month. While landlords typically cover structural damage from covered perils, having renters insurance in Colorado Springs is essential to protect personal belongings from theft, fire, and other unexpected events.

With over 50 colleges and universities in Colorado, many students live in dorms or off-campus rentals. On-campus residents are frequently protected by their parents' house insurance, but off-campus tenants must obtain their own renter's insurance to safeguard their possessions. Without insurance, students run the danger of losing things and being left without financial security. To help students understand their coverage options, a renters insurance guide for off-campus college students can provide essential information on selecting the right policy.

Top Tips for Cutting Your Renters Insurance Expenses

While renters insurance is generally affordable, innovative ways exist to cut costs and keep more money in your pocket. Here’s how you can reduce your premium while still maintaining solid coverage:

• Install Safety Features: Adding smoke detectors, burglar alarms, or deadbolts can reduce your premium since insurers see safer homes as lower risk.
• Raise Your Deductible: Choosing a higher insurance deductible lowers your monthly rate, but be sure you can cover it if you need to file a claim.
• Ask for Discounts: Many insurers offer loyalty, claims-free, or security system discounts, so always ask what’s available.
• Bundle Your Policies: Combining renters and auto insurance with the same provider can result in substantial savings.
• Pay in Full: Paying your annual premium upfront instead of monthly can qualify you for a lower rate and help you avoid installment fees.

Lowering your Colorado renters insurance premium is possible with simple adjustments like bundling policies, increasing deductibles, and utilizing discounts. Renters can secure quality coverage by making strategic choices while keeping costs down.

Customer-Driven Ratings and Rankings at Clearsurance

Since Clearsurance values openness, it does not employ a hidden algorithm to determine its rankings and ratings. Data collected from actual insurance policyholders is instead used by the algorithm, which takes into account factors such as:

• Price
• Customer Service
• Claim Service
• Likelihood to Renew

It also considers how often customers praise a company versus how frequently they point out areas for improvement. Clearsurance ratings contribute to the best insurance companies ranking based on customer reviews, making them a trustworthy tool for comparing insurance options.

If you're shopping for renters insurance, checking out Reddit reviews can give you a better idea of what to expect. Reddit users have talked about their experiences with Liberty Mutual, particularly with regard to claims processing and discounts.

From these posts, Liberty Mutual is worth considering if you can benefit from its savings. Although the base prices might not be the lowest, renters seeking dependable coverage without the headache might find them a decent choice due to their strong claims procedure.

Colorado Renters Insurance and Crime Protection

A standard renters insurance policy safeguards tenants from 16 perils, including theft, vandalism, and malicious mischief. Understanding crime rates in Colorado helps renters assess their coverage needs and determine whether additional protection, such as umbrella insurance, is necessary.

• Property Crime: 1952
• Burglary: 299
• Larceny Theft: 1438

Compared to the national average, property crime and larceny-theft rates are slightly higher in Colorado, while burglary rates are a bit lower. With these numbers in mind, it's wise to check if your renter's insurance covers security features like burglar alarm protection, which might qualify you for a discount.

Having the right coverage keeps your belongings safe and gives you peace of mind, knowing you're protected against unexpected losses.

Choosing the Best Renters Insurance in Colorado

Examining policy specifics before selecting one of the best insurance providers for renters in Colorado is crucial because many renters are unaware of what their insurance policy covers.

Most renters insurance policies offer liability protection, which can pay up to $100,000 for medical bills and legal costs if a visitor is hurt at your house. Loss of use coverage assists in covering living expenses and interim accommodation if a fire or other covered disaster renders your apartment unusable.

Before purchasing a policy, check coverage limits. Personal property coverage maybe $20,000–$30,000, which might not be enough for electronics or furniture. Jewelry and collectibles are examples of high-value objects that can be protected by adding scheduled personal property endorsements. Saving money is vital, but reducing coverage might expose you.

Make sure you receive comprehensive, reasonably priced coverage that satisfies your needs by using this practical guide to renters insurance. Do you want to discover the ideal strategy? We offer a free comparison tool where you can get renters insurance quotes quickly and easily.