Insurance Premiums

Colorado health insurance prices poised for another big jump in 2027. State and federal subsidies, though, will blunt the price increases for people with lower incomes. Prices for coverage next year will increase by an average of 10% across the state and by even more for those who live in the mountains or on the Western Slope.

Statehouses across the West are considering reforms to respond to the homeowners insurance crisis. While some are hitting headwinds, concern about the issue isn’t going away.

Using a massive data set detailing some 70 million policies, researchers have found that “credit scores impact homeowners insurance premiums as much as disaster risk.”

Damage from hailstorms is one factor driving up the cost of homeowners’ insurance in recent years in Colorado. And a new report from the state’s Division of Insurance finds that the threat of hail increases costs all across Colorado – not just along the Front Range. Today on In The NoCo: Why hail is behind higher premiums – and what state lawmakers might do to help.

Wildfires are a top concern across the region. But certain parts also fall within "hail alley" — the part of the country that sees the most hailstorms. It's driving up insurance costs in unexpected places.

Hail is the biggest driver of insurance hikes. It means price increases are being felt across the state — not just in the mountains but also in the suburbs.

In recent months, the U.S. Senate Budget Committee and the Federal Insurance Office have each released detailed data on insurance premiums, non-renewals and other key metrics. The advocacy groups Public Citizen and The Revolving Door Project brought that data to life with interactive maps.

A 0.5% fee would be imposed under House Bill 1302 on every home insurance policy in Colorado, unless a house meets certain wildfire mitigation standards

The home reinsurance idea, which is unique to Colorado, aims to reduce private insurers’ financial risk and therefore drive down premiums.

House Bill 1182 would also require insurers to give customers an opportunity to appeal assessments of a property’s wildfire risk, which can lead to increased costs and nonrenewals