Colorado Springs Insurance Rates:

Colorado Springs, CO homeowners insurance is nearly $747 to $1,009, about $62-$84/month. Our all inclusive guide shows customers can save as much as $351 by comparing many quotes. Enter your zipcode below and click “GO” to get multiple free quotes.

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Colorado Springs, CO Homeowners Insurance Cost

Colorado Springs, CO homeowners are paying an average of $1308 in home insurance each year. Factors that affect the cost of a policy include coverage type, deductible and age or material used to build your house. In general it is difficult to compare rates across providers since premiums can vary significantly based on factors like the amount you want covered (coverage) and how willing you are to pay out-of-pocket costs before receiving any compensation from your insurer (deductible).Below is the summary of average home insurance costs available to Colorado Springs Homeowners based on the coverage and other variables.

Colorado Springs, CO Home Insurance Cost for different materials used.

Colorado_Springs_CO_Homeowners_Insurance_Cost

Homeowners can buy cheap home insurance rates based on the coverage. The amount that is covered for an individual by their service provider, correlates to how much they want to be cover and higher amounts of coverage come with a cost; meaning homeowners will have higher monthly premiums if they choose more protection from their insurer.Colorado Springs homeowners paying a coverage of $1,00,000  can avail of home insurance for $546.16 . Homeowners receive insurance for $2707.45 and $3465.54, respectively, on coverages $400,000 and $500,000.

There are many ways to save money on home insurance, and choosing a high deductible is one of the easiest. Homeowners in Colorado Springs can get $939 worth of coverage for as little as $2500 with an attractive discount available by opting for higher deductibles.Homeowners receive insurance for $999 and $1,101 respectively, on deductibles $2000 and $1500.

When it comes to home insurance, new developments are often cheaper and more common than older homes. This is especially true in Colorado Springs where newly constructed houses can avail lower insurance rates because newer buildings have a lesser threat of damage from potential events like fire or theft. For Instance newly constructed Colorado Springs homes can avail lower insurance of $1,033 since newly built homes have a lesser threat of damage. As a result, home insurance companies offer substantial discounts to newly constructed homes. On the other hand, older homes attract higher insurance rates, since they are more prone to damage. As a result, Colorado Springs homes older than 40 and 50 years receive an additional cost of $1342and $1358, respectively.

The house's construction type is considered an integral factor in determining the cost of home insurance by insurance companies. The more resistant your house is to damage, the less is the average insurance cost.For example, if the house is built with a fire-resistive, homeowners in Colorado Springs can avail of the insurance for an average cost of $1125. Insurance companies in Colorado Springs offer home insurance for $1243 for homes built with Masonry and Brick. Homes constructed with superior and hail resistant roofs attract a higher amount $1177 and $1269 respectively.

Apart from the standard features that insurance companies look for when determining rates, homeowners can get cheap home insurance rates from their providers based on the security features they have.Homeowners with good security features or seniors in the household will be offered lower prices for their coverage.

Colorado Springs, CO, Discounts on Homeowners Insurance

Homeowners in Colorado Springs, Colorado, pay an average home insurance rate of $1,308. This is comparatively lower than the national average premium of $1,438. Colorado Springs homeowners can make use of discounts offered by home insurance companies to further reduce their home insurance rates. Below are some of the discounts offered to Colorado Springs homeowners.

hcolorado_springs_co_discounts_on_homeowners_insurance

Home insurance companies calculate home insurance rates based on the age of the home. Home insurance rates increase as the age of the home increases due to their propensity for damage. Newly constructed Colorado Springs homes receive discounts of up to $275 on home insurance rates. Homes that are older than 50 years attract an additional cost of $63 on their insurance rates. In Colorado Springs, the average home insurance rates of homes older than 30 years and 40 years are $1,328 and $1,342, respectively.

Home insurance companies provide special discounts to Colorado Springs homeowners based on their profession. Teachers, federal government employees, active and retired army personnel can avail of special discounts on homeowners insurance. Senior homeowners in Colorado Springs can avail of discounts of up to $183 on homeowners insurance.

Colorado Springs has a notorious property crime rate of 33.50 per 1,000 residents. It is safer than only 8% of the remaining cities in the U.S. Specifically, Colorado Springs has a burglary rate of 5.78 per 1,000 residents, with 2,730 reported incidents. The chance of becoming a victim of property crime in Colorado Springs is 1 in 30. Homes with enhanced security features are less prone to burglaries and damage. Hence, home insurance companies encourage homeowners to install home safety devices by offering discounts as incentives. For instance, Colorado Springs homes with deadbolts and fire extinguishers can avail of discounts of $183 and $105, respectively, on home insurance rates. Additionally, homes with burglar alarms and smoke detectors receive a discount of $118 and $183, respectively, on homeowners insurance.

While most of the factors that determine home insurance rates are not under the control of homeowners, they can, however, benefit by choosing a higher deductible to reduce their home insurance rates. Colorado Springs homeowners opting for a high deductible of $2,500 can avail of a discount of $369 on homeowners insurance. Colorado Springs homeowners pay an average home insurance rate of $999 and $1,101 on a deductible of $2,000 and $1,500.

Colorado Springs, CO Homeowners Insurance By Home Value

Colorado Springs, CO Home Value Total Homes % of Total Average Colorado Springs, CO Homeowners Insurance
Less than $50,000 4,234 4.0% $96
$90,000 to $99,999 1,233 1.0% $386
$100,000 to $124,999 4,570 5.0% $447
$125,000 to $149,999 7,518 8.0% $561
$150,000 to $174,999 13,217 15.0% $667
$175,000 to $199,999 11,971 13.0% $763
$200,000 to $249,999 17,988 20.0% $921
$250,000 to $299,999 11,217 12.0% $1132
$300,000 to $399,999 13,699 15.0% $1439

Top Home Insurance Agents Near Colorado Springs, CO

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

Colorado Springs, CO Home Insurance Agents for Top Companies


Cost Of Homeowners Insurance By Street Near Colorado Springs, CO

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

Colorado Springs, CO Home Insurance Savings For Senior Occupied Homes

PlaceSavings For Senior Occupied Homes
Colorado Springs$131 to $133
Cimarron Hills$129
Elsmere$131
Stratmoor$127

Colorado Springs, CO Auto & Homeowners Insurance Bundling Discounts

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

Colorado Springs, CO Area Home Insurance as a % of Housing Cost

PlaceHome insurance as a % of housing cost for homes with mortgageHome insurance as a % of housing cost for homes without mortgage
Colorado Springs, CO4.8%19.6%
Cimarron Hills5.3%19.63%
Elsmere4.57%20.21%
Stratmoor5.7%21.28%

Colorado Springs Renters Insurance as a Percentage of Rent

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

Colorado Springs, CO Homeowners Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
80908 $402,100 $940
80921 $378,600 $930
80919 $319,600 $930
80906 $309,200 $910
80920 $276,500 $910
80929 $275,000 $910
80930 $243,100 $890
80925 $222,900 $890
80922 $220,700 $890
80918 $216,700 $880
80904 $215,300 $880
80926 $200,000 $890
80917 $191,400 $870
80903 $187,300 $870
80907 $174,700 $870
80909 $167,900 $870
80905 $166,400 $870
80911 $166,200 $870
80915 $161,700 $870
80928 $148,500 $860
80916 $143,800 $860
80910 $139,500 $860

Average Cost Of Home Insurance By Company In Areas Nearby Colorado Springs For Different Scenarios

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

Colorado Springs, CO Home Insurance Costs With Deductible Scenario

Low DeductibleHigh 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

Colorado Springs, CO Home Insurance Costs With Home Replacement Value Scenarios

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

Example Colorado Springs Homeowners Insurance Comparison Table to Compare The Cheapest Quotes

Insurance Company Farmers InsuranceLiberty MutualChubb Group of Insurance
Monthly Premium 12321066
Year Built 199519722012
Home Details 3 Beds, 2 Baths5 Beds, 1 Baths4 Beds, 1 Baths
Coverage Amount $250000-$300000$500000-$600000$175000-$200000
Deductible $500- $1000 Deductible$2500-$5000 Deductible$2500-$5000 Deductible

Sample Home Insurance Rates for Colorado Springs, CO from Consumer Reviews & Surveys

Year Built Home Value Roof Type Sqft Number of Bedrooms Deductible Premium Premium Months Siding Type Smoker/Non Smoker
2004 235,000 Slate Shingles Roof 1,780 3 $2500-$5000 Deductible 460 8 Brick siding yes
2002 435,000 Wood Shake Roof 3,370 5 $5000 to $10,000 Deductible 1080 10 Brick siding No
1989 375,000 Tile Roof 2,920 5 $2500-$5000 Deductible 160 1 Wood siding No
2009 250,000 Membrane Roof 1,780 2 $500- $1000 Deductible 600 6 Stucco siding yes
1970 270,000 Wood Shake Roof 2,300 5 $500 Deductible 580 6 Vinyl siding yes
1995 145,000 Metal Roof 1,540 2 $2500-$5000 Deductible 140 4 Fiber-Cement Siding yes
1978 250,000 Membrane Roof 1,810 4 $500- $1000 Deductible 280 3 Vinyl siding No
1973 210,000 Composition Roof 1,710 3 $500- $1000 Deductible 770 9 Vinyl siding yes
1976 295,000 Tile Roof 2,280 5 $2500-$5000 Deductible 830 10 Vinyl siding No
2014 205,000 Asphalt Shingles Roof 1,960 4 $1000-$2500 Deductible 390 5 Stucco siding yes
1970 145,000 Composition Roof 1,180 2 $500 Deductible 660 12 Stone Siding yes
1987 240,000 Slate Shingles Roof 2,160 4 $2500-$5000 Deductible 140 2 Stone Siding No
2000 365,000 Composition Roof 3,430 5 $1000-$2500 Deductible 810 7 Stone Siding No
1986 175,000 Slate Shingles Roof 1,450 2 $1000-$2500 Deductible 610 9 Brick siding yes
2003 180,000 Metal Roof 1,770 2 $2500-$5000 Deductible 60 1 Stone Siding yes
2009 380,000 Shingles Roof 2,940 5 $2500-$5000 Deductible 740 7 Vinyl siding yes
1981 205,000 Asphalt Shingles Roof 1,930 3 $2500-$5000 Deductible 200 4 Brick siding yes
1998 265,000 Composition Roof 2,740 4 $5000 to $10,000 Deductible 630 7 Vinyl siding No
1991 235,000 Shingles Roof 1,800 3 $2500-$5000 Deductible 460 6 Brick siding No
2009 145,000 Metal Roof 1,390 3 $1000-$2500 Deductible 250 6 Wood siding yes
1977 205,000 Asphalt Shingles Roof 1,690 3 $500- $1000 Deductible 700 10 Wood siding No
1999 140,000 Metal Roof 1,410 2 $500- $1000 Deductible 280 5 Brick siding No
1992 130,000 Metal Roof 1,210 3 $2500-$5000 Deductible 160 4 Fiber-Cement Siding No
2007 415,000 Tile Roof 3,590 5 $1000-$2500 Deductible 1070 8 Brick siding yes
1996 350,000 Shingles Roof 3,110 5 $5000 to $10,000 Deductible 220 3 Stucco siding No
1998 285,000 Asphalt Shingles Roof 2,160 5 $1000-$2500 Deductible 240 2 Vinyl siding No
2009 150,000 Slate Shingles Roof 1,580 2 $500 Deductible 510 10 Stone Siding No
2003 245,000 Metal Roof 2,350 4 $500 Deductible 1240 12 Vinyl siding yes
1971 345,000 Membrane Roof 2,530 5 $500 Deductible 300 2 Fiber-Cement Siding No
1970 180,000 Wood Shake Roof 1,400 2 $500- $1000 Deductible 170 3 Stucco siding No
1967 440,000 Composition Roof 3,459 5 $2500-$5000 Deductible 270 1 Wood siding yes

Latest Home Insurance Reviews

Usaa
I would recommend USAA based upon the costs of premiums and the customer service alone. You are treated as family and in the event you need to submit a claim you are helped through the process.
State Farm
I would and have recommended this company to anyone looking for insurance at a good price. They , combined with customer service and everything they are the best all around.
Travelers
MY rating is a 4. It seems all insurance is the same. I shop on price and customer reviews on quickness of payout when needed.
Progressive
I would recommend them because they have been competent enough, as far as I know, so there would be no reason for me not to recommend them. There is no wow factor there, though.
Usaa
I would highly recommend USAA for home insurance and in fact we use them for a lot of other services as well, like auto, etc. We've been with them for many years and I'm pretty satisfied.
Usaa
I would recommend them. Every insurance company quoted us at least $300 a month more for auto insurance and we were definitely quoted less than any home insurance company we tried.
Allstate
I will rate them 4. They are inexpensive and quite efficient. I do not like the agents they hire. They seem very prone to give you the minimum payment possible on a claim.
Usaa
The offerings at USAA are comparable to other agencies for the price. I haven't shopped around TOO much, but I haven't found very many with comparable coverage for the same price.
State Farm
5. I am extremely satisfied with customer service. Every time I call them I have no problems with them. They talk to me and fix what ever I am calling about. I have never had a problem with them at all.
Usaa
USAA simply cannot be beat. Early on, I shopped around on insurance and when I told other agents I was with USAA, they simply just said "Nobody can beat them. Just stay with them."
Farmer's Insurance
Mine is through my work and bargained through my Union so I think it is about as good as it gets for the private sector.
Allstate
The premiums and deductibles of my policy with Allstate Company are both lower than those of other companies that I have had in the past like American Family and State Farm Insurance companies.
Geico
My home insurance company is very effective for me. They premiums are low and the deductibles are very reasonable. I would not me in the market for another insurance company at this time.
Farmer's Insurance
North carolina joint underwriters handled our claim much faster then all of our neighbors claims were handled. We were very pleased.
Farmer's Insurance
I have only needed them in times of emergency, such as a hurricane damage. They were very supportive and responsive.
Liberty Mutual
Based on my extensive positive experience with Liberty Mutual, I would definitely recommend the company to others.
Progressive
You are able to set up a direct deposit online and you can see all of your payments quickly and paperless.
State Farm
Because i have been a customer of state farm for over 30 years, most of which are with my same agent, i wonder if he is still trying to keep my rate competitive, or if he just assumes i'll be a forever customer.
State Farm
I like our insurance company. they offer multi-policy discounts and our representative contacts us every few months to review our current policy and tries to get our rates down.
Nationwide
Nationwide has always been great. There mobile app/website are easy to use. It is clear, professional and easy to navigate. It is simple to find what you need and get help if you need it. At this point, I have had no negative experiences with their site/app.
Liberty Mutual
They are not intrusive. No box full of mail and no phone calls. They stay in the background and I like that.
American Family
The customer service has been top notch. I have my agent’s cell phone number, so I get great service every time, If I need assistance of some sort.
Usaa
The customer service is top notch, but I do get frustrated at times with how big they are. You occasionally will get disconnected and they don't take down a number to call back at. It also seems, they don't read what previous people have done to your account, but once they become up to date they're great to work with.
Usaa
It is easy to pay your bills online. Their customer service is amazing. I have never had any trouble making a claim or anything with them.
Progressive
I think my insurance premium is fair. I have a mobile home and shopped around. Other companies were more expensive in their coverage.
State Farm
They offer pretty consistent service overall. They are generally pleasant to deal with. They tend to pay claims in an orderly fashion. Their bills are straightforward, which I appreciate.
Usaa
I like how easy it is to adjust and change my policy from online without having to call someone. I would give a 5.
Usaa
We have been with them for, literally, decades. They have served us well through all that time and we have no complaints (other than its not free). I don't foresee us changing providers anytime in the near future.
Progressive
Currently, there is nothing I dislike about the company, but I'm sure that will not be entirely true after I've been a customer for a while, or need to file a claim. But until that time, I have nothing that I dislike.
Progressive
The price may be really high. I don't really know, but it could be something. I might look into it soon.
Usaa
I love this company and will not ever change. They truly take care of all the needs of their customers and assist with making sure you get what your paying for in your policy.
State Farm
Yes, I would recommend this company, if only for the reason that their price is competitive, they are pleasant to deal with and we have never had any issues with them.
Geico
My experience has been positive. Easy communication, reasonable prices. But since I have never had to make a claim, I'm not sure how well that is handled.
Nationwide
I would definitely recommend nationwide because they are competitive and their customer service is top notch where as other companies' customer service is not!
Usaa
I wish there was a way to lower my premium however, I understand that there are fees for a reason. No complaints other than that.
Progressive
I really dont know much regarding other home insurance policies. As i've never filed a claim, i feel like its hard to compare them.
State Farm
The company is well known. They handled my claims in a timely matter even though the response time was not as fast as I expected them to be.
Usaa
The only thing I don't like about the company is that they don't have many locations, however, I know at the end that helps keep their costs down, which in turn keeps my costs down. However, it means often documents have to be sent by mail so that takes more time than walking into a branch.
Farmer's Insurance
It is insurance, so you always wish it cost less. But they choose everything I need, the price is reasonable, they seem responsive, and they haven't raised prices on me for four years. There's nothing to complain about.
Plummer Insurance
I am able to get affordable rates and the customer service is top notch. I am able to combine home insurance and car insurance.

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