Colorado Renters Insurance

Average Renters Insurance Cost in Colorado

Renters in Colorado pay an estimated $165 per year ($14/month) for a standard policy, based on 2026 industry average data.

Renters Insurance Rates by City in Colorado

What Makes Colorado Renters Insurance Unique

Colorado's Front Range is one of the most hail-prone regions in the U.S., and severe hailstorms are a top cause of personal property claims for renters there.

Risk Factors Specific to Colorado

Underwriters in Colorado weigh hailstorm and severe convective storm damage more heavily than in lower-risk states when pricing renters policies.

Renters Insurance Compared With Rent in Colorado

The median gross rent in Colorado was $1,822 a month in 2024 (U.S. Census Bureau, American Community Survey), 23% above the national median of $1,487. Against that, our estimated renters premium of $165 a year — about $14 a month — equals roughly 9% of one month’s rent for a full year of coverage, one of the ten lowest share among the 50 states in our estimates.

The Coverage Detail That Matters Most in Colorado

In Colorado, hail and windstorm are covered perils on standard renters policies, so belongings damaged when hail breaks windows are covered, subject to your deductible. Your car is not covered by renters insurance — hail damage to vehicles is a comprehensive auto claim.

Frequently Asked Questions

Is renters insurance required in Colorado?

No. No U.S. state, including Colorado, legally requires tenants to carry renters insurance. That said, individual landlords and property management companies in Colorado can — and often do — require proof of a policy as a lease condition, especially for larger apartment complexes.

How much does renters insurance cost in Colorado?

Renters in Colorado pay an estimated $165 per year ($14/month) for a standard policy, based on 2026 industry average data. Actual premiums vary based on coverage limits, deductible, credit history (where allowed), claims history, and the specific building or neighborhood.

Can insurers use your credit score to set renters insurance rates in Colorado?

Yes. Colorado allows insurers to factor in your credit-based insurance score when calculating renters insurance premiums, alongside coverage limits, claims history, and location. Renters with stronger credit typically qualify for lower rates from most carriers.

What's the biggest renters insurance risk factor in Colorado?

In Colorado, hail damage is the leading risk factor. Standard renters policies do cover hail damage to personal property, though it's worth confirming your policy doesn't cap claims for high-value electronics lower than their replacement cost.

How much is renters insurance compared with rent in Colorado?

With a median rent of $1,822 a month (2024) and an estimated premium of $165 a year, a full year of renters insurance in Colorado costs roughly 9% of one month's rent.

*No U.S. state legally mandates renters insurance, though individual landlords may require it as a lease condition. The information on this page is provided for general informational purposes only and reflects estimated industry averages as of 2026. Insurance rates change periodically; always verify current pricing with a licensed insurance professional. City-level and statewide premiums shown are approximations — individual rates will vary based on personal factors.