Why is homeowners insurance rising in Colorado?

Colorado faces a homeowners insurance crisis, with average costs rising $818 since 2020, making it the fourth highest in the U.S. Non-renewals have increased, especially in high-risk areas, as insurers tighten policies due to growing natural disasters. Homeowners struggle to meet mitigation requirements to avoid cancellations. New legislation seeks to improve the affordability and availability of insurance, including a state reinsurance fund and hail-resistant roofing programs. Many homeowners remain concerned about future coverage despite ongoing mitigation efforts.