When selecting life insurance, gender plays a role in determining top providers. For women, Nationwide stands at the forefront with a MoneyGeek score of 97 and an approximated monthly premium of $22. In contrast, for men, Nationwide and GEICO tie with a top MoneyGeek Score of 97; however, GEICO offers a slightly lower monthly premium of $19. Life insurance decisions are based on premium costs, company reputation and policy specifics.
Best Life Insurance in Colorado (November 2024)
Nationwide is the best life insurance for both men and women in Colorado, with a MoneyGeek score of 97.
Updated: November 21, 2024
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Best Life Insurance Companies in Colorado
Why Trust MoneyGeek? We analyzed 1,488 life insurance quotes alongside customer satisfaction, financial stability reports, product offerings and more to determine the best life insurance companies in Colorado.
Coverage costs and company information for life insurance providers were updated in May 2024.
Best Life Insurance in Colorado: Summary
- Best Whole Life Insurance
- Best Universal Life Insurance
- Best Cheap Life Insurance
- Best Life Insurance Overall
- Best Term Life Insurance
- Best Term Life Insurance for Smokers
- Best Term Life Insurance for Young Adults
- Best Term Life Insurance for Seniors
- Best No Medical Exam Life Insurance
- F
- M
Nationwide | 1 | 97 |
GEICO | 2 | 97 |
Mutual of Omaha | 3 | 96 |
Protective | 4 | 95 |
Allstate | 5 | 94 |
State Farm | 6 | 94 |
Prudential | 7 | 93 |
Transamerica | 8 | 93 |
AAA | 9 | 92 |
Haven | 10 | 92 |
American Family Insurance | 11 | 91 |
Overall Best Life Insurance in Colorado
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the overall best life insurance companies in Colorado:
- Affordability: 30%
- Financial Stability: 25%
- Buying Process: 20%
- Customer Satisfaction: 15%
- Product Diversity: 10%
Nationwide is the leading provider of life insurance in Colorado, clinching the top spot in the MoneyGeek rankings for both men and women. The company upholds an impressive MoneyGeek score of 97 for men and 97 for women, offering policies at an approximate monthly premium of $23 for men and $22 for women.
Top three highest MoneyGeek scores:
- Nationwide: MoneyGeek score of 97 out of 100 ($23 per month for men; $22 per month for women)
- GEICO: MoneyGeek score of 97 out of 100 ($19 per month for men; $19 per month for women)
- Mutual of Omaha: MoneyGeek score of 96 out of 100 ($22 per month for men; $20 per month for women)
Best for Men: Nationwide
COMPANY HIGHLIGHTS
Nationwide, boasting the highest MoneyGeek score of 97, is the leading provider of life insurance for men in Colorado. It offers substantial coverage at a monthly premium of $23. This score underscores Nationwide's commitment to quality service, affordability and customer satisfaction.
Pros:
- Exemplary customer satisfaction
- Commendable affordability
- Diverse range of products
Best for Women: Nationwide
COMPANY HIGHLIGHTS
Nationwide has a MoneyGeek score of 97 and a monthly premium of $22, Nationwide offers good customer satisfaction and a variety of products.
Pros:
- High customer satisfaction rate
- Strong affordability aspect affirmed
- Variety of products available is excellent
Best Term Life Insurance in Colorado
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies in Colorado:
- Affordability: 30%
- Financial Stability: 25%
- Buying Process: 20%
- Customer Satisfaction: 15%
- Product Diversity: 10%
Costs are based on quotes gathered for a $250,000 life insurance policy with a 10-year term.
Nationwide provides the best term life insurance in Colorado for both men and women, boasting a MoneyGeek score of 97 and 97, respectively, and a competitive monthly premium of $18.
Here are the top three highest MoneyGeek scores:
- Nationwide: MoneyGeek score of 97 out of 100 ($18 per month for men; $18 per month for women)
- GEICO: MoneyGeek score of 96 out of 100 ($15 per month for men; $15 per month for women)
- Mutual of Omaha: MoneyGeek score of 96 out of 100 ($18 per month for men; $18 per month for women)
Best Term Life: Nationwide
COMPANY HIGHLIGHTS
Nationwide is the top choice for the best term life insurance in Colorado for both men and women. Renowned for its exceptional performance, Nationwide has an overall MoneyGeek score of 97, and the cost of its monthly premium is $18.
Pros:
- High customer satisfaction
- Competitive affordability
- Variety in product offerings
Best Whole Life Insurance in Colorado
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best whole life insurance companies in Colorado:
- Financial Stability: 35%
- Customer Satisfaction: 30%
- Buying Process: 15%
- Product Diversity: 20%
We did not weigh affordability as we did not collect whole life insurance quotes. The company below has the highest score among the companies that offer whole life insurance policies.
State Farm offers the best whole life insurance in Colorado for both men and women, with a MoneyGeek score of 99. The company's commitment to delivering quality coverage is evident in its superior MoneyGeek rating, which reflects a comprehensive evaluation of factors such as customer satisfaction, affordability, process efficiency and company stability.
Here are the top three highest MoneyGeek scores:
- State Farm: MoneyGeek score of 99 out of 100
- Nationwide: MoneyGeek score of 98 out of 100
- Mutual of Omaha: MoneyGeek score of 96 out of 100
Best Whole Life: State Farm
COMPANY HIGHLIGHTS
State Farm has a MoneyGeek score of 99. Its tailored policies ensure both men and women find the financial protection and peace of mind they need, supported by unrivaled customer satisfaction and financial stability.
Pros:
- Exemplary customer contentment with services
- Wide range of insurance product options
- Proven financial strength and dependability
Cons:
- The buying process could be more streamlined
Compare Life Insurance Rates
Ensure you're getting the best rate for your life insurance. Compare quotes from top providers to find the most affordable life insurance coverage for your needs.
Best Universal Life Insurance in Colorado
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best universal life insurance companies in Colorado:
- Financial Stability: 25%
- Customer Satisfaction: 25%
- Buying Process: 25%
- Product Diversity: 25%
We did not weigh affordability as we did not collect universal life insurance quotes. The company below has the highest score among the companies that offer universal life insurance policies.
Nationwide is the company with the best universal life insurance in Colorado for both men and women, with a MoneyGeek score of 99.
- Nationwide: MoneyGeek score of 99 out of 100
- State Farm: MoneyGeek score of 98 out of 100
- Mutual of Omaha: MoneyGeek score of 97 out of 100
Best Universal Life: Nationwide
COMPANY HIGHLIGHTS
Nationwide is the best choice for universal life insurance in Colorado. With an exceptional MoneyGeek score of 99, Nationwide offers a perfect blend of quality service and comprehensive coverage options.
Pros:
- High customer satisfaction and service
- Broad range of insurance products available
Best No-Medical-Exam Life Insurance in Colorado
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best no-medical-exam life insurance companies in Colorado:
- Financial Stability: 20%
- Customer Satisfaction: 25%
- Buying Process: 20%
- Product Diversity: 35%
We did not weigh affordability as we did not collect quotes for no-medical-life-insurance. The company below has the highest score among the companies that offer life insurance policies without mandatory medical exams.
Nationwide is the leading provider of the best no-medical-exam life insurance in Colorado for both men and women, boasting a MoneyGeek score of 99 out of 100.
Top three highest MoneyGeek scores:
- Nationwide: MoneyGeek score of 99 out of 100
- State Farm: MoneyGeek score of 99 out of 100
- Mutual of Omaha: MoneyGeek score of 97 out of 100
Making the right decision for life insurance can be straightforward with trusted information. Nationwide, offers exceptional coverage without the hassle of a medical exam.
Best No-Medical-Exam: Nationwide
COMPANY HIGHLIGHTS
Nationwide is the definitive choice for the best no-medical-exam life insurance in Colorado, accommodating both men and women. With an impressive overall MoneyGeek score of 99, Nationwide ensures comprehensive coverage without needing a medical exam.
Pros:
- Exceptional customer satisfaction
- High affordability
- A diverse product range
Recommended Life Insurance Coverage Amount:
Best Term Life Insurance for Seniors in Colorado
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for seniors in Colorado:
- Affordability: 30%
- Financial Stability: 25%
- Buying Process: 20%
- Customer Satisfaction: 15%
- Product Diversity: 10%
The same weighting factors were applied as the term life insurance category; however, the quote was adjusted to reflect a person of the age of 70 for a more accurate estimate.
Nationwide has the best term life insurance for seniors in Colorado, securing the highest MoneyGeek score for both men and women. The MoneyGeek score for men is 98, and for women, it is 97. The monthly premium costs for men are $70, and for women, it is $67. Nationwide performs well across multiple categories, such as customer satisfaction and policy affordability.
- M
- F
Nationwide | 1 | $70 | 98 |
GEICO | 2 | $64 | 97 |
Mutual of Omaha | 3 | $78 | 96 |
Prudential | 4 | $68 | 95 |
Protective | 4 | $69 | 95 |
State Farm | 6 | $122 | 94 |
Allstate | 7 | $77 | 93 |
AAA | 8 | $90 | 92 |
Transamerica | 9 | $86 | 92 |
Haven | 10 | $134 | 89 |
Best Term Life Insurance for Smokers in Colorado
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies in Colorado for people who smoke:
- Affordability: 30%
- Financial Stability: 25%
- Buying Process: 20%
- Customer Satisfaction: 15%
- Product Diversity: 10%
The same weighting factors were applied as the term life insurance category; however, the quote was adjusted to reflect an active smoker for a more accurate estimate.
Nationwide emerges as the preeminent provider of the best term life insurance for smokers for men in Colorado, boasting a MoneyGeek score of 96 and a monthly premium of $79. Prudential leads the way for women, with a MoneyGeek score of 95 and a monthly premium of $45. These companies have good customer satisfaction and competitive affordability.
- F
- M
Nationwide | 1 | $79 | 96 |
GEICO | 2 | $61 | 96 |
Prudential | 3 | $60 | 95 |
Mutual of Omaha | 4 | $76 | 95 |
State Farm | 5 | $100 | 94 |
AAA | 6 | $83 | 93 |
Transamerica | 7 | $75 | 93 |
Protective | 8 | $105 | 90 |
Haven | 9 | $125 | 89 |
Allstate | 10 | $125 | 88 |
Best Term Life Insurance for Young Adults in Colorado
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies in Colorado for young adults:
- Affordability: 30%
- Financial Stability: 25%
- Buying Process: 20%
- Customer Satisfaction: 15%
- Product Diversity: 10%
The same weighting factors were applied as the term life insurance category; however, the persona for the quote was adjusted to reflect an age of 20 for a more accurate estimate.
Nationwide provides the best term life insurance for young adults in Colorado, offering unmatched coverage for both men and women. With a MoneyGeek score of 97 for men and 97 for women, Nationwide's term life policies come at an approximate monthly premium cost of $12 for men and $11 for women. Among the biggest contributors to Nationwide's top MoneyGeek score are its excellent satisfaction and process scores.
- F
- M
Nationwide | 1 | $12 | 97 |
GEICO | 2 | $9 | 97 |
Mutual of Omaha | 3 | $11 | 96 |
Protective | 4 | $9 | 95 |
State Farm | 5 | $20 | 93 |
Allstate | 6 | $12 | 92 |
AAA | 7 | $13 | 92 |
Prudential | 8 | $13 | 92 |
Transamerica | 9 | $12 | 92 |
Haven | 10 | $14 | 92 |
Bestow | 11 | $20 | 89 |
Best Cheap Term Life Insurance in Colorado
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best cheap term life insurance companies in Colorado:
- Affordability: 50%
- Financial Stability: 15%
- Buying Process: 20%
- Customer Satisfaction: 5%
- Product Diversity: 10%
The same weighting factors were applied as the term life insurance category; however, the quote was adjusted to reflect a 10-year term with minimum coverage.
Nationwide offers the best cheap term life insurance in Colorado for women with a MoneyGeek score of 97 and a monthly premium of $18, while GEICO tops the chart for men with a score of 97 and a monthly premium cost of $15. Best cheap term life insurance seekers should take note of these companies for their high MoneyGeek scores, indicating a strong balance of affordability and company reliability.
- M
- F
GEICO | $15 | 97 |
Nationwide | $18 | 96 |
Protective | $15 | 96 |
Mutual of Omaha | $18 | 95 |
Allstate | $19 | 94 |
Transamerica | $20 | 93 |
Prudential | $20 | 92 |
AAA | $21 | 92 |
State Farm | $31 | 89 |
Haven | $25 | 88 |
Average Cost of Term Life Insurance in Colorado
The average cost of monthly premiums for life insurance in Colorado is $72 for women and $88 for men. Various factors contribute to the cost of purchasing life insurance, including age, health history, lifestyle, occupation and policy coverage amount.
FAQ: Life Insurance in Colorado
The top life insurance in Colorado for men is offered by Nationwide.
The cost of life insurance in Colorado for men can vary based on age, health and coverage amount. Factors such as smoking status or risky occupations can also influence premiums. The best life insurance has a competitive monthly premium of $23.
The best life insurance in Colorado for women is provided by Nationwide.
The cost of life insurance for women in Colorado depends on age, health and the amount of coverage. Nationwide, recognized for the best life insurance, has an average monthly premium of $22, which serves as a general guide for affordability.
About Mark Fitzpatrick
Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.
Mark 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 economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.
sources
- FindLaw for Legal Professionals. "U.S. Federal and State Cases, Codes, and Articles." Accessed May 11, 2024.