Best Homeowners Insurance In Colorado 2024

State Farm took the top spot due to its wide agent network in Colorado, high customer satisfaction, and affordable premiums. Its top-tier J.D. Power service ratings are critical, especially with agents, adjusters, and claims offices available in Colorado after severe storms like tornadoes.

State Farm offers a standard homeowners policy that can be customized with additional coverage, like protection for rebuilding to meet new legal requirements, identity theft coverage, and insurance for valuable items such as jewelry and collectibles. State Farm’s A++ rating from AM Best reflects its exceptional financial strength.

State Farm allows you to start the quote process online, but you’ll need to work with a local agent to finalize the policy. Policyholders can manage their accounts, file claims, and enroll in paperless billing via the website or mobile app. The website also includes a resource library to learn about insurance.

Farmers is rated highly not just for its perks but also for its outstanding “online experience,” where it presents these perks and discounts in a clear way to both new and current customers. Some of the perks include:

• Guaranteed Replacement Cost: No matter how high the cost, Farmers will fully cover the expense of rebuilding your home.
• Claim Forgiveness: After five years of no claims, Farmers ensures your premium won’t increase when you file.
• Multi-Policy Savings: With Farmers, you can save up to 34% on home insurance by bundling multiple policies.
• Declining Deductible: Earn $50 each year your policy remains active to help decrease your deductible.
• Claim-Free Discount: Save on your home insurance by being claim-free for three consecutive years.

Farmers’ 9.3/10 score incorporates its lower J.D. Power ratings for policyholder service and customer satisfaction.

Exceeding the industry average of seven, Allstate provides 11 home insurance discounts. In my analysis, several of these stand out as unique.

Here are the discounts you’ll find at Allstate:

• Deductible Reward: You’ll automatically get $100 off your deductible when you sign up.
• Bundle: You can save as much as 25% by bundling home and auto insurance together.
• Home Buyer: Recently purchased a home? Allstate offers a discount for new homeowners.
• New Home: Insuring a newly constructed home qualifies you for a discount.
• Claims Forgiveness: Keeps your rates the same and prevents hikes after a claim is submitted.
• Claims-Free: Receive 5% back on your renewal for maintaining a claims-free year.
• Automatic Payment: Enjoy a 5% savings when you sign up for automatic payments.
• Loyalty: Allstate offers up to 10% off for loyal customers who keep their coverage.
• Protective Device: Earn a discount by installing safety systems such as smoke detectors or theft alarms.
• Responsible Payment: Enjoy extra discounts for keeping a good payment history.
• Early Payment: Save up to 10% by securing your new policy at least a week before your current coverage ends.

Allstate provides nine optional coverage types for homeowners insurance, which is almost double the industry average of five. In addition to common features like ID theft protection and scheduled personal property, they also offer a unique yard and garden coverage that increases limits for replacing landscaping and equipment such as riding mowers.

While Nationwide enjoys an A+ (Superior) rating for financial strength from AM Best, its customer satisfaction suffers, as reflected by several negative reviews online. However, it maintains a solid agent presence in Colorado with many local offices.

Nationwide offers unique coverage in its standard homeowners policy, such as credit card fraud protection and ordinance or law coverage for code-compliant rebuilding, features that are rarely found with other insurers.

You can opt for Better Roof Replacement to enhance your coverage, ensuring that higher-grade roofing materials will be paid for if your roof needs replacing after an eligible event.

The Brand New Belongings feature offers replacement cost coverage for your belongings. You’ll first be paid the depreciated value and can recover the cost difference by submitting receipts for new purchases to Nationwide.

Chubb features some of the best home insurance rates in Colorado, particularly for high-value residences. With competitive premiums and extended replacement cost coverage, your belongings can be repaired or replaced even if they have lost value. Chubb is also recognized for its financial strength and commitment to customer service.