In Lakewood, Colorado, Auto-Owners Insurance is both the overall best and cheapest choice for home insurance. If customer service is your priority, however, Chubb is best. These companies cater to different needs, such as affordability or customer service, so we recommend choosing based on what is important to you, like budget or customer care quality.
Best and Cheapest Home Insurance in Lakewood, CO (2024)
Updated: December 13, 2024
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Best HomeInsuranceLakewood, COTable of Contents
Best Overall - Auto-Owners Insurance
Best for Service - Chubb
Best Cheap - Auto-Owners Insurance
Cheapest Overall - Auto-Owners Insurance
Cheapest for High-Value Homes - Auto-Owners Insurance
Cheapest for New Homes - Nationwide
Why Trust MoneyGeek? We used data from Colorado's Department of Insurance and Quadrant Information Services to find the best homeowners insurance in Lakewood, based on reliable data and standards.
Home insurance premiums in Lakewood represent the most competitive prices as of September 2024.
2,937,600Quotes Analyzed
8Companies Compared
Overview: Best Home Insurance Companies in Lakewood, CO
MoneyGeek found that Auto-Owners Insurance is the best option in Lakewood, Colorado, for home insurance with 100K dwelling coverage, earning a MoneyGeek score of 96 out of 100. The scores for home insurance companies in Lakewood, Colorado, range from 43 to 96. These figures reflect MoneyGeek's scoring system, where insurers receive different scores based on factors like your credit history and the age of your home.
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Category:Best Overall
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Coverages:1 - $100K Dwelling
| Auto-Owners Insurance | 96 | $1,029 |
| Chubb | 93 | $1,633 |
| State Farm | 87 | $1,275 |
| American Family | 81 | $2,007 |
| Nationwide | 62 | $3,012 |
| Allstate | 58 | $2,446 |
| Farmers | 43 | $4,642 |
Overall Best Home Insurance in Lakewood, CO
MoneyGeek found that Auto-Owners Insurance is the best option in Lakewood, Colorado, for $100K dwelling coverage. The two best overall home insurance companies in Lakewood for $100K dwelling coverage are:
- Auto-Owners Insurance: MoneyGeek score of 96 out of 100 ($1,029 per year)
- Chubb: MoneyGeek score of 93 out of 100 ($1,633 per year)
Auto-Owners Insurance stands out as the best home insurance provider due to its affordable rates and high scores in customer satisfaction and coverage.
In Lakewood, Colorado, there are many companies with varying costs and services. While cost is important, consider customer service and coverage options too, as these factors are key when making claims.
Best OverallAuto-Owners Insurance
MoneyGeek Score:
96/ of 100
Overview
Auto-Owners Insurance scores high in affordability and coverage, making it a top choice. It offers comprehensive home insurance with guaranteed replacement cost and personal property replacement cost. You can save with discounts like bundle and responsible payment. Paying on time for 36 months can qualify you for a discount.
Auto-Owners Insurance provides useful coverages like guaranteed replacement cost, which helps if your coverage limit is too low. Personal property replacement cost covers damage from leaks and more. Building ordinance or law coverage helps you meet local codes. These coverages are valuable for protecting your home.
Best Home Insurance for Customer Service in Lakewood, CO
MoneyGeek found that Chubb offers the best customer service in home insurance in Lakewood, Colorado, for 100K dwelling coverage. For those seeking top providers in this category, consider the following:
- Chubb: MoneyGeek score of 96 out of 100 ($1,633 per year)
- Auto-Owners Insurance: MoneyGeek score of 92 out of 100 ($1,029 per year)
Chubb stands out for its exceptional customer satisfaction, which significantly boosts its MoneyGeek score. This focus on keeping customers happy makes it the ideal choice for homeowners. Choosing Chubb means you get reliable service that's attentive to your needs.
Excellent service in home insurance means efficiently addressing and resolving your claims and concerns while maintaining a positive relationship with you.
Best for Service QualityChubb
MoneyGeek Score:
96/ of 100
Overview
Chubb scores high in customer satisfaction, making it a top choice for home insurance. It offers comprehensive coverage with guaranteed replacement cost and building ordinance or law. Chubb also provides discounts like new home, which you can get if your house is 7 or 10 years old or less.
Chubb's coverages are valuable for homeowners. Guaranteed replacement cost helps rebuild your home even if costs exceed limits. Building ordinance or law covers updates to meet current codes. Cash Settlement offers a payout if you choose not to rebuild. These features make Chubb a great option for protecting your home.
Best Cheap Home Insurance in Lakewood, CO
MoneyGeek found that Auto-Owners Insurance is the best cheap home insurance company in Lakewood, Colorado for 100K dwelling coverage. The top two best cheap insurance providers for $100K dwelling coverage are:
- Auto-Owners Insurance: MoneyGeek score of 98 out of 100 ($1,029 per year)
- State Farm: MoneyGeek score of 91 out of 100 ($1,275 per year)
When it comes to the average cost of homeowners insurance in Colorado, Auto-Owners Insurance stands out for its great affordability and customer satisfaction, contributing to its high MoneyGeek score. However, choosing cheap home insurance usually means less coverage, which might not be enough if something goes wrong. In instances where saving on premiums is a priority, considering the cheapest homeowner insurance companies may be beneficial.
"Best cheap" and "cheapest" insurance aren't the same; the former balances cost and quality.
Best CheapAuto-Owners Insurance
MoneyGeek Score:
98/ of 100
Overview
Auto-Owners Insurance scores high on affordability and coverage, making it a great choice for budget-conscious homeowners. It offers comprehensive coverage with Guaranteed Replacement Cost and Scheduled Personal Property. You can save more with discounts like responsible payment, which rewards timely premium payments, and paperless billing. Auto-Owners Insurance provides valuable options for homeowners seeking good coverage and savings.
Estimate Your Lakewood Home Insurance Costs Online
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Rates updated:
Dec 23, 2024
In Lakewood, many factors affect homeowners insurance, including location. Comparing rates is the best way to save, but it can take up to 15 minutes per company. Checking three or more companies might mean over an hour of research. MoneyGeek's home insurance calculator offers instant savings by focusing on key factors. Simply enter your age, dwelling coverage, credit score, deductible, liability, and more to get an estimate.
Cheapest Home Insurance in Lakewood, CO
MoneyGeek found that Auto-Owners Insurance offers the best option in Lakewood, Colorado for budget-conscious homeowners. One crucial element affecting home insurance rates is the dwelling coverage selected.
- For 100K Dwelling Coverage: Auto-Owners Insurance: $1,029 per year
- For 250K Dwelling Coverage: Auto-Owners Insurance: $1,877 per year
- For 500K Dwelling Coverage: Auto-Owners Insurance: $2,928 per year
Auto-Owners Insurance stands out in Lakewood, Colorado due to its low cost and top score. It also ranks highest for 250K and 500K coverage. Purchasing the cheapest homeowners insurance in Colorado can support smart financial planning.
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Coverages:$100K Dwelling
| Auto-Owners Insurance | $1,029 |
| State Farm | $1,275 |
| Chubb | $1,633 |
| American Family | $2,007 |
| Allstate | $2,446 |
| Nationwide | $3,012 |
| Farmers | $4,642 |
Cheapest Home Insurance for High-Value Homes in Lakewood, CO
Auto-Owners Insurance offers the most affordable home insurance for high-value homes in Lakewood, Colorado. Homes needing higher dwelling coverage often cost more to replace, leading to increased home insurance costs.
- Cheapest for $750K Dwelling Coverage: Auto-Owners Insurance: $3,573 per year
- Cheapest for $1M Dwelling Coverage: American Family: $6,060 per year
Auto-Owners Insurance stands out in Lakewood for its low annual premium. According to MoneyGeek, its affordability makes it a top choice for homeowners seeking economical coverage, although it doesn't hold the highest MoneyGeek score among insurers.
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Coverages:1 - 750K dwelling
| Auto-Owners Insurance | $3,573 |
| American Family | $5,097 |
| State Farm | $5,547 |
| Allstate | $8,200 |
| Chubb | $11,815 |
| Farmers | $14,375 |
| Nationwide | $14,848 |
Cheapest Home Insurance for New Homes in Lakewood, CO
Nationwide offers the cheapest home insurance for new homes in Lakewood, Colorado.
- Cheapest for $100K Dwelling Coverage: Nationwide: $612 per year
- Cheapest for $250K Dwelling Coverage: Auto-Owners Insurance: $1,029 per year
- Cheapest for $500K Dwelling Coverage: Auto-Owners Insurance: $1,562 per year
Nationwide stands out with its affordable premiums in Lakewood, Colorado, making it an attractive choice for budget-conscious homeowners. Although it offers the lowest cost, it’s important to note that the cheapest option isn’t always the top-rated by MoneyGeek for all features.
Make sure you are adequately covered to protect your home and financial stability.
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Coverages:1 - $100K Dwelling
| Nationwide | $612 |
| Auto-Owners Insurance | $643 |
| State Farm | $762 |
| Chubb | $1,186 |
| Allstate | $1,331 |
| American Family | $1,712 |
| Farmers | $3,515 |
How to Find the Best Home Insurance for You in Lakewood, CO
The best cheap homeowners insurance balances quality and cost, offering great customer service and coverage with affordable premiums.
The best cheap homeowners insurance in Lakewood depends on your needs, so consider factors beyond premiums. Important factors include coverage options, customer reviews, and deductibles. Follow these steps to get the best cheap home insurance.
- 1
Evaluate Your Insurance Needs
To determine how much home insurance coverage you need, consider the specifics of your Lakewood, Colorado home, including rebuilding costs and personal property value.
- 2
Compare Different Providers
Research insurance companies serving Lakewood, Colorado. Focus on those with strong financial stability and positive customer reviews.
- 3
Compare Coverage and Costs
Once you know your coverage needs, compare home insurance quotes. In Lakewood, Colorado, premiums range from $1,029 to $3,012 annually for $100K dwelling coverage.
- 4
Ask About Discounts
Inquire with each provider about discounts you may qualify for, such as bundling policies or installing safety features.
- 5
Increase Your Deductible
Opting for a higher home insurance deductible can lower your premium, but ensure it's an amount you can afford.
- 6
Improve Home Security
Enhancing home security with systems and strong locks can decrease your risk profile and potentially reduce insurance costs.
- 7
Maintain Good Credit
Keep a good credit score as it can affect your insurance rates in Lakewood, Colorado. Pay bills on time and manage debt.
- 8
Bundle Policies
Consider bundling your homeowners insurance with other policies like auto insurance for potential discounts.
FAQ: Best Cheap Home Insurance in Lakewood, CO
The best cheap home insurance provider for you in Lakewood depends on your coverage needs and budget. Get answers to some of the most commonly asked questions about best cheap insurance rates in Lakewood, Colorado.
How much is home insurance in Lakewood, Colorado, on average?
The average cost of home insurance in Lakewood, Colorado, is $1,776.
What is the cheapest home insurance company in Lakewood, Colorado?
The cheapest home insurance company in Lakewood, Colorado, is Auto-Owners Insurance with an annual premium of $1,029.
What is the best home insurance company in Lakewood, Colorado?
The best home insurance in Colorado for Lakewood residents is provided by Auto-Owners Insurance, with a MoneyGeek score of 96 out of 100.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.