Renters Insurance Cost in Colorado (2026 Average)
Colorado renters paid about $147 a year on average in the NAIC 2021 baseline, about $23 less than the $170 US average. The state average is a useful baseline, but your quote will depend on your city, coverage limits, deductible, and claims history.
What drives Colorado renters insurance costs
Colorado renters paid about $147 a year on average in the NAIC 2021 baseline, about $23 less than the $170 US average.
Weather exposure is a major driver here: hail, wildfires, and winter storms all contribute to loss patterns.
Claim frequency and litigation also matter: claim frequency runs moderate, with hailstorms the most common trigger.
Replacement costs and carrier competition round out the picture: replacement values along the Front Range are above the national norm, and many carriers compete, especially in the Denver market.
How Colorado compares
| Location | Average annual premium | vs US average ($170) |
|---|---|---|
| Colorado | $147 | −$23 |
| United States (national average) | $170 | baseline |
| Wyoming | $106 | −$64 |
| New Mexico | $130 | −$40 |
| Utah | $111 | −$59 |
A minus sign means the average is below the US average. Figures are the NAIC 2021 baseline; 2026 quotes run higher after inflation.
Next steps
Estimate your own premium
State averages only get you part of the way. Your real quote depends on your address, the coverage you choose, and your claims history.