Colorado Renters Insurance

Colorado renters insurance coverages

Check out the four standard coverages on nearly all Colorado renters insurance policies:

• Personal property protects your personal belongings, including furniture, clothing, and electronics whether they're inside your apartment or elsewhere
• Loss of use helps cover costs associated with an increase in living expenses, up to your policy's limit, if you're unable to stay in your home while it's being repaired or rebuilt due to a covered loss
• Personal liability protects you financially if you're legally responsible for another person's injuries or damage to their property
• Medical payments to others pays for medical expenses due to a covered occurrence

Additional coverages

The best renters insurance in Colorado is always a policy with customized coverage. Here are some extra options for when you need more protection:

• Add a rider: Certain valuable items, like jewelry, may have specific limits on your renters policy. If your item exceeds the limit, you may be able to purchase an endorsement called a rider for your policy to cover the item for its value.
• Personal injury coverage: May pay for legal fees and damages if you're liable for slander or defamation.
• Water back-up coverage: Water that backs up through sewers or drains or discharges from a sump pump may not be covered by a standard renters policy. Water back-up coverage may pay for the damage to your belongings and water removal costs.

Learn more about all of our renters insurance coverages.

Is renters insurance required in Colorado?

Your landlord or rental company may require you to have a renters policy before allowing you to move in, but renters insurance in Colorado isn't required by law. Even if it's not mandated, renters insurance is an affordable and easy way to protect yourself from financial loss due to unexpected events like theft or vandalism.

Is renters insurance worth it in Colorado?

Policies are generally inexpensive and can help you in following scenarios:

• A windstorm rips a hole in your roof, forcing you to live elsewhere while your residence is being repaired. Loss of use coverage may pay for your hotel stay and grocery expenses, above what you normally spend, up to your policy's limit.
• A friend slips and falls in your kitchen and breaks their leg. Medical payments under your renters policy may pay for their medical bills, up your policy's limit.
• Your laptop is stolen from your car, along with some other personal items. Personal property coverage may pay to replace stolen goods, up to the limits of your coverage.

How much is renters insurance in Colorado?

Progressive renters policies in Colorado had an average monthly price of $15.20 or $182.45 for an annual policy in 2023.^** Remember that your cost for renters insurance is determined by several components, such as your location, type of residence, and claims history.

Coverage limits can also affect your rate. Typically, the more personal property coverage you need, the more you pay for a renters policy. Use our personal property calculator to help you take a home inventory and estimate the value of your belongings.

How can I save on renters insurance in Colorado?

Take advantage of renters insurance discounts to help lower the cost of your policy. Progressive offers discounts for bundling multiple policies, paying in full, and quoting in advance. You may also find a discount for living in a secured or gated community.

There may also be discounts that are only available in your state or county. You can call 1-866-749-7436 or speak to a local agent to ensure you're getting all applicable discounts.