Colorado homeowners insurance cost
West region · NAIC 2022 HO-3 average · rank #5 of 51
The average annual homeowners insurance premium in Colorado is about $2,079 for the standard HO-3 policy form (NAIC 2022 data, the latest available) — about 33% above the national average of $1,569. Colorado ranks #5 of 51 states and DC (1 = most expensive), making it high on home-insurance cost, above the national average. The main local cost drivers are hail (one of the worst hail states), wildfire, high reconstruction costs. This is a countrywide average, not a quote for your home.
Source: NAIC Homeowners Insurance Report (2022 data, latest available). Data as of June 2026.
Colorado home insurance at a glance
| Figure | Colorado |
|---|---|
| Average annual HO-3 premium | $2,079 |
| National average (HO-3) | $1,569 |
| vs national average | 33% (about 33% above the national average) |
| State rank (1 = most expensive of 51) | #5 |
| Cost band | High (above the national average) |
| Region | West |
Source: NAIC Homeowners Insurance Report (2022 data, latest available). Data as of June 2026.
What drives home insurance cost in Colorado
A homeowners premium mostly reflects how likely and how expensive a claim is. In Colorado, the main factors behind the $2,079 average are:
- hail (one of the worst hail states)
- wildfire
- high reconstruction costs
On top of these location factors, your own premium swings with your home's rebuilding cost (Coverage A), roof age and material, deductible, claims history and, in most states, your insurance credit score. See our premium drivers guide for how each one moves the price.
Estimated Colorado premium by dwelling coverage
A rough idea of how the Colorado average scales with the amount of dwelling (Coverage A) you carry. These are illustrative estimates from the state average scaled by a coverage factor — not quotes.
| Dwelling coverage (Coverage A) | Estimated annual premium |
|---|---|
| $200,000 to $299,999 | $2,079 |
| $300,000 to $399,999 | $2,661 |
| $400,000 to $499,999 | $3,243 |
| $500,000 and over | $4,158 |
Source: Estimated from the NAIC 2022 Colorado average and a coverage-scaling factor. Data as of June 2026.
For a tailored figure use the premium estimator. The scaling factors are an approximation documented on the methodology page, not published NAIC band data.
How Colorado compares with similar states
| State | Avg HO-3 / yr | vs national |
|---|---|---|
| Colorado (this state) | $2,079 | 33% |
| Rhode Island | $2,074 | 32% |
| Mississippi | $1,907 | 22% |
| Oklahoma | $2,268 | 45% |
| Massachusetts | $1,871 | 19% |
| Nebraska | $1,869 | 19% |
Frequently asked questions
How much is homeowners insurance in Colorado?
The average annual homeowners (HO-3) premium in Colorado is about $2,079, about 33% above the national average of $1,569 (NAIC 2022 data, the latest available). It ranks #5 of 51 states and DC, where 1 is the most expensive. This is a countrywide average, not a quote for your home.
Why is home insurance expensive in Colorado?
Colorado's premiums are shaped mainly by hail (one of the worst hail states), wildfire, high reconstruction costs. Catastrophe exposure (wind, hail, wildfire), rebuilding costs and claims history are the biggest levers on a homeowners premium. Colorado is high versus the national average, above the national average.
Is Colorado home insurance going up?
Yes, like most of the country. NAIC's latest report shows the national HO-3 average rose about 11.26% in 2022 year-over-year, driven by reconstruction-cost inflation and rising catastrophe losses. 2022 is the latest published data year, so current Colorado premiums are likely higher than the figure shown. Verify with insurers.
Is the $2,079 figure a quote?
No. $2,079 is the NAIC 2022 countrywide average HO-3 premium for Colorado - an average across all homes and insurers, not a quote for your property. Your actual premium depends on your home's value, age, construction, roof, deductible, claims history, credit and insurer. Always get real quotes.
Keep exploring
YMYL note. The $2,079 figure is the NAIC 2022 countrywide average for Colorado - general information, not a quote. Homeowners insurance protects one of your largest assets; actual premiums vary widely by home and insurer. Always get real quotes from licensed insurers and verify coverage with your state insurance department.
Last updated: 2026-06-20