Colorado Springs ,CO Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Colorado Springs, CO homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Colorado Springs, CO is $1958. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Colorado Springs, CO. VHome Insurance will help you navigate the world of homeowners insurance coverages in Colorado Springs, CO.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $783 |
| $200,000 | $1,331 |
| $300,000 | $1,645 |
| $400,000 | $2,506 |
| $500,000 | $3,152 |
Home insurance costs in Colorado Springs can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.
| Zipcode | Average Insurance Premium |
|---|---|
| 080908 | $2,762 |
| 80921 | $2,727 |
| 80919 | $2,685 |
| 80906 | $2,679 |
| 80920 | $2,647 |
| 80929 | $2,627 |
| 80930 | $2,561 |
| 80925 | $2,614 |
| 80922 | $2,609 |
| 80918 | $2,614 |
| 80904 | $2,613 |
| 80926 | $2,719 |
| 80917 | $2,575 |
| 80903 | $2,620 |
| 80907 | $2,574 |
| 80909 | $2,573 |
| 80905 | $2,577 |
| 80911 | $2,569 |
| 80915 | $2,572 |
| 80928 | $2,506 |
| 80916 | $2,539 |
| 80910 | $2,534 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Colorado Springs, CO, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $2,008 |
| $1000 Deductible | $1,795 |
| $1500 Deductible | $1,694 |
| $2500 Deductible | $1,527 |
| $5000 Deductible | $1,292 |
| Home Insurance Company Near Colorado Springs, CO | Homeowners Insurance Agency Near Colorado Springs, CO | Address |
|---|---|---|
| NA | Align Group Ins Dba Don Bates Insurance | 2407 W Colorado Avenue Colorado Springs, Colorado Springs, CO, 80904 |
| State Farm | Aaron Elkins | 2037 Jerry Murphy Rd Ste 200, Pueblo, CO, 81001-1206 |
| Liberty Mutual | Melissa Mccusker | 9135 S. Ridgeline Blvd. Suite 100, Highlands Ranch, CO, 80129 |
| Travelers | Tag-Allsource | 27606 E BROADVIEW DR, KIOWA, CO, 80117 |
| Liberty Mutual Independent | Wells Fargo Ins Services Usa Inc | 90 S CASCADE AVE 2ND FL, COLORADO SPRINGS, CO, 80903 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Cimarron Hills CDP, Colorado | $108 | $143 | $215 |
| Elsmere CCD, El Paso County, Colorado | $110 | $146 | $219 |
| Stratmoor CDP, Colorado | $107 | $142 | $213 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Colorado Springs, CO | 4.8% | 19.6% |
| Cimarron Hills | 5.3% | 19.63% |
| Elsmere | 4.57% | 20.21% |
| Stratmoor | 5.7% | 21.28% |
| Colorado Springs Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| $200 to $299 | 1,014 | 1.0% | $800 |
| $300 to $499 | 5,022 | 7.0% | $1250 |
| $500 to $749 | 19,429 | 29.0% | $1925 |
| $750 to $999 | 16,677 | 25.0% | $2675 |
| $1,000 to $1,499 | 16,582 | 25.0% | $3800 |
| $1,500 or more | 5,741 | 8.0% | $5450 |
| Streets in Colorado Springs Area | Homeowners Insurance Cost |
|---|---|
| Canonwood Rd, Soaring Eagle Dr, Tin Cup Ct, Aerotech Dr, W Moreno Ave, Silver Ponds Hts, Rebecca Ln, Pine Ave, Kittyhawk Rd, Saranac Dr | $859 |
| Classic Ct, Carved Ter, Sunset Rd, Rugely Ct, Cornerstone Dr, S Limit St, Hatch Cir, Rushford Pl, Secret Glen Grove, Payne Cir E | $884 |
| Stinson Dr, N Logging Rd, Kaiblo Trl, Whispering Ct, Oslo Ct, Vista Oaks Dr, Cabin Creek Dr, Cheyenne Blvd, E Espanola St, Bohleen Rd | $885 |
| Glen Rose Cir, Summit Ridge, Escapardo Ct, Cenotaph Way, Hawk Meadow Dr, Hercules Ct, Loyola Dr, Grosbeak Pt, Preserve Dr, Rally Ct | $893 |
| Sheiks Pl, Cortina Pl, Ridge Brook Ln, Newton Dr, Wood Lily Dr, Red Mesa Dr, Anitra Cir, Fountain Pl, Springs Ranch Dr, Ruskin Pl S | $869 |
| Loop Ln, Banberry Dr, Longs Peak Trl, Carnavon Pl, Fuller Rd, S Logan Ave, Crosslen Ln, Toscana Hts, Argus Blvd, Haven Ln | $944 |
| Spurlock Pl, S 22nd St, Robinson St, S 13th St, Milano Pt, Penobscot Ct, Range Creek Dr, N Limit St, Russett Oak Ct, Chickweed Dr | $877 |
| Picket Pl, Moccasin Pass Ct, Circle Rd, del Paz Dr, Irvington Ct, Villa Loma Dr, Colorado Tech Dr, Wildwood Dr, Farnham Royal Ct, Jay Hawk Ave | $869 |
| W Buena Ventura St, Grandview Pl, Crescent Ln, Little Nell Ct, Littlefork Ln, Mountain Pass Vw, Burns Rd, California Dr, Dancing Wolf Way, Pyramid Mountain Rd | $918 |
| Descanso Cir W, Nadine Dr, Greensboro S, Cherry Oak Dr, Leeside Vw, Valencia Cir, Cadillac Ave, Latrobe Ct, Loomis Ave, Tibbs Rd | $876 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Colorado Springs | $131 to $133 |
| Cimarron Hills | $129 |
| Elsmere | $131 |
| Stratmoor | $127 |
| Structure Type | Deductible | Company | Premium |
|---|---|---|---|
| Masonry | $500 | Federal Insurance Company | $2,008 |
| Masonry | $500 | Garrison Property And Casualty Insurance Company | $1,503 |
| Frame | $500 | Grange Insurance Association | $1,151 |
| Masonry | $500 | Ids Property Casualty | $665 |
| Masonry | $500 | Liberty Mutual Fire Insurance Company | $1,788 |
| Masonry | $500 | Shelter Mutual Insurance Company | $1,747 |
| Frame | $500 | The Cincinnati Insurance Company | $1,355 |
| Frame | $500 | Twin City Fire Insurance Company | $2,059 |
| Masonry | $500 | Usaa Casualty Insurance Company | $1,377 |
| Frame | $500 | United Services Automobile Association | $1,544 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,700 | $2,700 |
| Yearly Colorado Springs Homeowner Insurance Premium Example | $500 | $300 |
| Out of Pocket Expense During Claim | $1,700 | $2,700 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $5,700 | $5,100 |
| Net Savings to Colorado Springs Home Owner from High Deductible Plan | $600 | |
| Scenario | Colorado Springs, CO Home Replacement Value MORE than Home Value | Colorado Springs, CO Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $247,000 | $162,000 |
| Insurance Premium based on Replacement Value | $1,175 | $775 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $31,000 | Risk Exposure from Under Insuring Coverage is $54,000 |
| Premium Impact | Insurance cheaper by $250/year | Insurance costlier by $150/year |
| Insurance Company | Farmers Insurance | Liberty Mutual | Chubb Group of Insurance |
| Monthly Premium | 123 | 210 | 66 |
| Year Built | 1995 | 1972 | 2012 |
| Home Details | 3 Beds, 2 Baths | 5 Beds, 1 Baths | 4 Beds, 1 Baths |
| Coverage Amount | $250000-$300000 | $500000-$600000 | $175000-$200000 |
| Deductible | $500- $1000 Deductible | $2500-$5000 Deductible | $2500-$5000 Deductible |