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Average Renters Insurance Cost in Colorado (2026)

The average renters insurance in Colorado is $191 per year — that's 34% below the U.S. average of $288, the 43rd least expensive of 51 states.

By The What You're Paying Team · Updated June 2026 · 2 min read

What Colorado renters actually pay

Colorado average$191 per year
U.S. average$288 per year
Difference−34% (−$97/yr)
Rank (most expensive)43rd of 51

Why Colorado is cheaper

Colorado sits in the West and ranks 43rd of 51 for renters insurance cost. Premiums stay lower thanks to hail and a growing wildfire threat along the Front Range. Either way, the same coverage is quoted very differently between carriers, so what you personally pay comes down to who you buy from.

How Colorado compares to nearby-cost states

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How to lower your renters insurance in Colorado

The levers that move your rate the most: bundling renters with your car insurance; raising your deductible; asking about security/safety discounts (alarms, deadbolts, smoke detectors); comparing a few carriers — renters policies are cheap but still vary. The biggest one is simply re-shopping at renewal — insurers raise rates on existing customers faster than they quote new ones, so loyalty quietly costs you.

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What You're Paying may earn a commission if you compare through a partner link, at no cost to you — it never changes our data. Comparing is free and doesn't change your current policy. Not financial advice; figures are statewide averages and your rate will differ.

Common questions

How much is the average renters insurance in Colorado?

The average renters insurance in Colorado is about $191 per year as of 2026 — 34% below the national average of $288 per year. Your own rate depends on your specifics, so comparing quotes is the only way to know yours.

Why is renters insurance cheaper in Colorado?

Colorado ranks 43rd out of 51 for renters insurance cost. Rates run lower thanks to hail and a growing wildfire threat along the Front Range.

How can I lower my renters insurance in Colorado?

The fastest levers: bundling renters with your car insurance, raising your deductible, asking about security/safety discounts (alarms, deadbolts, smoke detectors). Re-shopping at renewal is the single biggest one — it's free and doesn't change your current policy.

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