Colorado home insurance deductible calculator

What your storm deductible actually comes to in dollars, and whether raising your regular deductible is worth the exposure. Estimates only — not a quote.

Your storm deductible, in dollars

Your storm deductible is not your regular deductible
$6,000

A typical 2% catastrophe deductible on $300,000 of coverage means you pay the first $6,000 of storm damage yourself 2x the $2,500 deductible that applies to everything else. That is $3,500 more you would need on hand after a named storm than after a kitchen fire.

Shown on Colorado’s reference coverage level of $300,000. Enter your own coverage above for your number.

Hail, not wildfire, is what makes Colorado expensive - the Division of Insurance's own analysis attributes 26% to 54% of an average Colorado homeowners premium to hail, and says it raises rates even in parts of the state that rarely see it. Carriers have responded by abandoning flat wind-hail deductibles almost entirely. Most major Colorado carriers now write a SEPARATE wind-and-hail deductible as a percentage of Coverage A, commonly 1% to 5%, with 1% to 2% the prevailing choice and 5% appearing on older roofs. On a $300,000 dwelling limit, 2% is $6,000 out of pocket before the insurer pays toward a hail-damaged roof - and hail is the claim a Colorado homeowner is by far most likely to file. This is carrier practice, not a Colorado statute; the state does not legislate a deductible menu the way Florida does, and Colorado is not on the Insurance Information Institute's hurricane/windstorm deductible list, which covers coastal named-storm states. One Colorado-specific rule worth knowing: it is illegal in Colorado for a contractor to waive, rebate or absorb a policyholder's insurance deductible, so 'we'll cover your deductible' roofing offers are not a lawful way around the number. Relief is arriving on the mitigation side: Senate Bill 26-155, signed in June 2026, created the Strengthen Colorado Homes Enterprise inside the Division of Insurance to fund grants for impact-resistant roof retrofits on owner-occupied primary residences.

Is a higher deductible worth it?

This needs your two real quoted premiums. We deliberately don’t apply a “typical savings” percentage: deductible credits vary by carrier, state, and filing, so a made-up multiplier would give you a break-even that looks precise and isn’t. Ask your insurer to quote both deductibles — it takes one phone call, and the answer is specific to you.