Find the Best Renters Insurance Companies in Denver, CO

How to choose rental insurance in Denver

Nearly 50 percent of Denver residents are renters, but many do not have renters insurance. Denver property crimes are on the rise, and, in 2018, more than 2,000 such crimes occurred every month. Fires in the Mile High City are also a concern due to the dry climate. Luckily, apartment insurance options are pretty affordable and in the event of a disaster could save you thousands of dollars.

Renters insurance in Denver is critical for:

• College students and young professionals who have roommates or live on campus
• Renters in high-density neighborhoods like Capitol Hill, RiNo, Uptown and Washington Park; although some of these neighborhoods have more affordable rent prices, damage and theft are far more likely
• Senior adults who may be easy targets for theft and have a lifetime of belongings to lose

Your landlord’s insurance usually won’t cover any of your belongings or cover you if someone gets hurt in your home. As a tenant, you are responsible for your belongings and legal liability, but renters insurance in Denver can help. Just a few dollars a month can mean the difference between losing everything and being able to keep your standard of living.

Renters insurance policies usually offer:

• Personal property coverage that reimburses you the cost of lost items; it can cover either the cost of replacement or the actual cash value of the items after depreciation, which is usually cheaper
• Liability coverage in case someone is accidentally injured or has their things damaged while in your home
• Additional living expenses if you have to leave your home during an emergency; this coverage is less common, but it covers hotel and meal costs during these events

It’s worth noting that renters insurance in Denver doesn’t cover certain events like floods, earthquakes and pest infestations.

What does renters insurance in Denver cost?

The average cost for Denver renters insurance runs between $150 - $250 a year or about $15 - $20 a month. However, premiums vary based on your coverage level, coverage type and deductible. For example, your rates may be significantly higher if you have valuable stuff like art or jewelry because you’ll need a higher coverage limit. Additional policies, called riders, are also available for high-value items.

Renters can save money on renters insurance in Denver by bundling their insurance policies or installing safety equipment such as deadbolts and fire alarms.