What is the cost of homeowners insurance in Colorado?

The average cost of homeowners insurance in Colorado is $868 per year, according to the National Association of Insurance Commissioners (NAIC). This is lower than the national average of $1,298 per year.

However, homeowners insurance rates in Colorado can vary significantly depending on several factors, including:

* The location of your home: Homes in areas with a high risk of natural disasters, such as wildfires or hail storms, will typically have higher insurance rates.

* The age of your home: Older homes may be more costly to insure because they are more likely to need repairs.

* The size of your home: Larger homes are typically more expensive to insure than smaller homes.

* The type of construction of your home: Homes made from certain materials, such as brick or concrete, are less likely to be damaged in a fire or natural disaster, and may therefore have lower insurance rates.

* Your claims history: If you have filed any claims in the past, your insurance rates may be higher.

* Your credit score: Some insurance companies use credit scores to assess risk, and people with higher credit scores may be able to get lower insurance rates.

It is important to shop around and compare quotes from multiple insurance companies before purchasing homeowners insurance to find the best possible rate.