Updated: December 13, 2024
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In Colorado Springs, 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, so we recommend choosing a provider based on what is important to you.
These companies offer different benefits and choosing the best cheap home insurance depends on your individual needs like coverage options and customer service importance.
Best HomeInsuranceColorado SpringTable of Contents
Why Trust MoneyGeek? Using data from Colorado's Department of Insurance and Quadrant Information Services, we picked the top homeowners insurance in Colorado Springs based on reliable data and industry standards.
Home insurance premiums in Colorado Springs represent the most competitive estimates as of September 2024.
MoneyGeek found that Auto-Owners Insurance is the best option for home insurance in Colorado Springs, Colorado, for 100K dwelling coverage, with a MoneyGeek score of 96 out of 100. The scores for home insurance companies in Colorado Springs, Colorado, range from 43 to 96. These figures reflect MoneyGeek's scoring system — scores may vary based on factors such as credit history or the age of your home.
| Auto-Owners Insurance | 96 | $1,122 |
| Chubb | 95 | $1,595 |
| State Farm | 88 | $1,276 |
| American Family | 81 | $2,419 |
| Nationwide | 69 | $2,760 |
| Allstate | 63 | $2,320 |
| Farmers | 43 | $5,739 |
MoneyGeek found that Auto-Owners Insurance is the best option in Colorado Springs, Colorado for 100K Dwelling Coverage. The two best overall home insurance companies in Colorado Springs for $100K dwelling coverage are:
Auto-Owners Insurance is recognized as the best home insurance provider by MoneyGeek due to its balance of affordability, customer satisfaction, and coverage options, which contribute significantly to its high score.
In Colorado Springs, there are various companies with different cost and service experiences. While cost is crucial, factors such as customer service and coverage benefits also matter, especially when making claims.
Auto-Owners Insurance scores high in affordability and satisfaction, making it a top choice. It offers comprehensive home insurance coverage with options like guaranteed replacement cost and equipment breakdown. Discounts such as responsible payment and paperless can help you save. Paying premiums on time for 36 months qualifies you for the responsible payment discount.
Auto-Owners Insurance provides valuable coverages for homeowners. The guaranteed replacement cost ensures your home is fully covered if your limit is too low. Personal property replacement cost covers damage from appliance leaks and more. Equipment breakdown protects against failures of home systems like air conditioners and computers.
MoneyGeek found that Chubb offers the best customer service in home insurance for Colorado Springs, Colorado, with a focus on $100K dwelling coverage. Here are the top two providers for this coverage:
Chubb stands out due to its high customer satisfaction and impressive coverage score. These factors contribute significantly to its top MoneyGeek score. By choosing Chubb, you ensure you receive excellent customer service and comprehensive insurance protection.
Excellent service in home insurance includes prompt claims processing and responsive customer support, making your experience smooth and hassle-free.
Chubb is the best for service quality, thanks to its high customer satisfaction and coverage scores. It offers comprehensive home insurance with guaranteed replacement cost and cash settlement. You can save with discounts like new home and home renovation. For example, you get a discount if your home is renovated in the last six years.
Chubb's coverages are useful for homeowners. Rebuilding to code helps keep your home safe. Replacement value for contents ensures you get what your items are worth. Risk consulting offers expert advice to protect your home.
MoneyGeek found that Auto-Owners Insurance is the best cheap home insurance option in Colorado Springs, Colorado. The top two best cheap insurance providers for $100K dwelling coverage are:
When it comes to the average cost of homeowners insurance in Colorado, Auto-Owners Insurance stands out due to its high affordability score, contributing to its top rank. However, choosing cheap home insurance usually means selecting lower coverage levels. While this is wallet-friendly, it might not cover everything if something goes wrong. In instances where saving on premiums is a priority, considering the cheapest homeowner insurance companies may be beneficial.
The best cheap is different than the cheapest because it also considers service quality, not just price.
Auto-Owners Insurance scores high in affordability and satisfaction, making it a top choice. It offers guaranteed replacement cost and scheduled personal property coverages, providing comprehensive home insurance. You can save with discounts like responsible payment, which rewards timely premium payments, and paperless billing, which offers savings for online payments.
Auto-Owners Insurance provides useful coverages like equipment breakdown, which covers failures of home appliances, and building ordinance or law, which helps with costs to meet local building codes. These coverages are valuable for protecting your home and ensuring compliance with local laws.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — it’s free, no personal information required, no spam.
Rates updated:
Dec 19, 2024
Numerous factors impact homeowners insurance in Colorado Springs, including location. To save money, compare insurance rates. However, this can be time-consuming, taking around 15 minutes per company. Comparing three or more companies may exceed an hour of research. MoneyGeek's home insurance calculator saves time by focusing on key factors. Enter your age, dwelling coverage, credit score, deductible, liability coverage, and other details to get an estimate.
MoneyGeek found that Auto-Owners Insurance is the best option for home insurance in Colorado Springs, Colorado. The main advantage affecting home insurance premiums is the dwelling coverage you select.
Auto-Owners Insurance provides the lowest rate for 100K dwelling coverage and holds a high MoneyGeek score. Its affordable rates and strong rating make it the best choice. The budget-friendly rate and high rating place it as the leader for 250K coverage. It also leads the 500K category with the most affordable cost. Purchasing the cheapest homeowners insurance in Colorado can help you manage finances effectively.
| Auto-Owners Insurance | $1,122 |
| State Farm | $1,276 |
| Chubb | $1,595 |
| Allstate | $2,320 |
| American Family | $2,419 |
| Nationwide | $2,760 |
| Farmers | $5,739 |
MoneyGeek found that Auto-Owners Insurance offers the best option in Colorado Springs, Colorado, for high-value homes. High dwelling coverage ensures your home is covered fully for costly replacement, as home insurance costs increase with the home's value.
Auto-Owners Insurance is remarkably affordable in Colorado Springs, making it the top choice for cost-conscious homeowners. According to MoneyGeek, while it is the cheapest, it also scores highly, indicating quality coverage.
| Auto-Owners Insurance | $3,917 |
| State Farm | $5,554 |
| American Family | $6,119 |
| Allstate | $7,339 |
| Chubb | $11,672 |
| Nationwide | $13,597 |
| Farmers | $17,586 |
Nationwide offers the most affordable home insurance for new homes in Colorado Springs, Colorado.
Nationwide stands out in Colorado Springs due to its low costs, making it the cheapest option for new homes. However, its affordability doesn't necessarily mean it is the best choice according to MoneyGeek.
When choosing insurance, it's important to ensure you are adequately covered.
| Nationwide | $571 |
| Auto-Owners Insurance | $691 |
| State Farm | $763 |
| Chubb | $1,158 |
| Allstate | $1,304 |
| American Family | $2,059 |
| Farmers | $4,342 |
The best affordable homeowners insurance providers balance quality and cost, offering excellent customer service and comprehensive coverage with reasonable premiums.
In Colorado Springs, the best cheap homeowners insurance for you depends on your needs. Consider factors like coverage options, customer service, and claim handling. Follow these steps to get the best cheap home insurance: research providers, compare quotes and understand policy details.
To determine how much home insurance coverage you need, assess the rebuilding costs, personal property value, and liability needs specific to your home in Colorado Springs, CO.
Look into insurance companies operating in Colorado Springs, CO. Consider those with strong financial health, good customer reviews, and a history of quality service.
Once you know your coverage needs, compare home insurance quotes. In Colorado Springs, CO, premiums for $100K dwelling coverage range from $1,122 to $2,760 annually.
Inquire with each provider about discounts available for bundling policies, installing safety features, or maintaining a claims-free record.
Opting for a higher home insurance deductible can reduce your premium, but ensure it is an amount you can manage in case of a claim.
Enhancing your home's security with systems and strong locks can lower its risk profile and potentially decrease insurance costs.
Keep a good credit score to affect your insurance rates positively in Colorado Springs, CO. Pay bills on time and manage outstanding debt.
Consider bundling your homeowners insurance with other policies like auto insurance to achieve potential savings.
The best cheap home insurance provider for you in Colorado Springs depends on your coverage needs and budget. Get answers to common questions about insurance rates to make informed choices. Understanding these factors helps you find the right balance between cost and protection.
The average cost of home insurance in Colorado Springs is $1,939.
The cheapest home insurance company in Colorado Springs is Auto-Owners Insurance with an annual premium of $1,122.
The best home insurance in Colorado for Colorado Springs 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.
