Colorado variant. This is a Colorado-specific version of the Homeowners Insurance Estimator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Homeowners Insurance Estimator.
Homeowners insurance in Colorado typically runs about 0.30%–0.40% of home value per year. On the $565,000 median home, that's roughly $1,978 annually.
What Colorado homeowners insurance covers
Premiums fund dwelling coverage, personal property, liability, and loss of use. Colorado's $565,000 median home value sets the baseline dwelling coverage and therefore the premium.
Local risk - wildfire, hurricane, hail, flood - drives big swings. Flood is separately insured. Use the estimator to refine the Colorado average for your build cost and deductible.
About taxes and housing in Colorado
Colorado applies a single flat income tax rate of 4.4% to all taxable income.
Colorado has among the lowest effective property tax rates in the country, though rapidly rising home values have pushed up assessments.
Colorado's economy spans aerospace, technology, and outdoor recreation, with strong population growth concentrated along the Front Range.
Worked example: $565,000 home
$565,000 × 0.35% ≈ $1,978/year ($165/month). Replacement-cost coverage, not market value, ultimately sets the premium - land value is excluded.
Quick reference
- State income tax: Flat 4.4%
- State sales tax: 2.9% (plus 4.91% avg local)
- Median home value: $565,000
- Median household income: $92,911
- Effective property tax rate: 0.55%
- Avg auto insurance: $2,065/yr
Frequently Asked Questions
How much is homeowners insurance in Colorado?
Roughly $1,978/year on the $565,000 median home, varying with local catastrophe risk.
Does homeowners insurance cover floods in Colorado?
No - flood coverage is purchased separately through the NFIP or private insurers.