HomeInsuranceQts

Home Insurance in Colorado

Homes in Colorado carry a median value of $539,400.

Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Colorado was built around 1988. About 16% of homes were built before 1960.

Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Colorado is 69% single-family homes, 23% apartments in buildings with 5+ units and 3% mobile or manufactured homes.

About 69% of owner-occupied homes in Colorado have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.

Colorado has an owner-occupancy rate of 66% and a vacancy rate of 8%; unoccupied homes typically need a different coverage form.

66% of homes in Colorado are primarily heated with natural gas.

The statewide average premium for a standard HO-3 homeowners policy in Colorado is $2,492 per year, according to the NAIC homeowners insurance report (2023 data).

Key figures

Median home value$539,400
Median year built1988
Owner-occupied share66%
Share of owner-occupied homes with a mortgage69%
Home insurance premium$2,492 - statewide average (NAIC, 2023 data)

Counties

Sources