For Parachute residents: independent agents who compare homeowners quotes from 25+ carriers.
Typical homeowners costs in Parachute
The typical homeowners insurance premium in Parachute, CO is about $3,542 annually for a typical local home (typical local home value about $400,000). For a $300,000 dwelling, expect around $3,124 per year; for a $600,000 home about $4,396; and for a $1,000,000 dwelling about $5,720. Freedom Insurance Group rates are often about 41% lower — near $2,090 per year for a typical home, roughly $1,843 for a $300,000 home, about $2,594 for a $600,000 home, and around $3,375 for a $1,000,000 home.
| Dwelling Coverage Limits | Average Annual Premium (incl. Windstorm & Hail Coverage) |
|---|---|
| $100,000 – $200,000 | $2,429 |
| $200,000 – $300,000 | $2,715 |
| $300,000 – $400,000 | $3,333 |
| $400,000 – $500,000 | $3,773 |
| $500,000 – $600,000 | $4,200 |
| $600,000 – $700,000 | $4,534 |
| $700,000 – $800,000 | $4,811 |
| $800,000 – $900,000 | $5,174 |
| $900,000 – $1,000,000 | $5,537 |
Band premiums are midpoints on the Parachute dwelling curve (typical local home value about $400,000). Illustrated estimates, not a quote.
Figures are 2026 market-style estimates for Parachute, CO, using a typical local home value of about $400,000. Freedom figures apply an approximate 41% savings vs the local typical premium for illustration. Your quote depends on dwelling limit, roof, deductible, claims, and carrier. Not a guarantee.
Parachute, CO: what is distinctive here
Parachute is home to about 1,105 residents and sits in Garfield County.
For a smaller Colorado place like Parachute, insurance comes down to local construction, fire protection access, and regional storm patterns.
Housing here is a mix of single-family homes typical of the Garfield County area, and replacement cost, roof age, and construction type still drive most premium differences from one house to the next.
Front Range communities deal with hail, wind, and wildfire risk that can move premiums quickly after active storm seasons.
The six parts of a home policy
It pays to rebuild your home’s structure after a covered loss, and it should track current reconstruction costs in your area.
A detached garage, a shed, a fence, or similar buildings not attached to the home are covered here.
It protects furniture, clothing, and everyday belongings inside the home, with special limits that may apply to higher-value categories.
This helps with additional living expenses when a covered claim makes the home uninhabitable for a time during repairs.
If you are legally responsible for bodily injury or property damage to others in a covered incident, this part responds.
This helps with guest medical bills for injuries that happen on your property, often without needing a formal liability claim.
Homeowners discounts in Parachute, CO
| Discount | What it means | Typical amount |
|---|---|---|
| New Home | New construction recently purchased | up to 40% |
| Age of home (5 yrs) | Newer homes | up to 26% |
| Bundle | Home and auto together | up to 25% |
| Upgrades | Electrical, plumbing, heating, roof updates | up to 20% |
| Hail-resistant roof | Class 1–4 impact roof | up to 12% |
| Claims-free | Multi-year claims-free history | up to 5% |
| Security / alarms | Monitored fire or burglar alarm | up to 4% |
| Paid in full | Pay annual premium upfront | up to 7% |
Carriers do not all offer the same discounts, and the amounts vary. Treat “up to” as the top end, not a promise.
Why Parachute home insurance prices vary
Carriers build a Parachute homeowners quote from several overlapping factors reviewed together. Count on rebuild cost, the roof’s age and type, and local storm or wildfire exposure to drive most of the price. Deductible choice and claims history may move the final premium as much as the carrier brand.
Replacement cost is what it would take to rebuild the home with comparable materials at today’s prices for labor and supplies. Higher rebuild estimates for Parachute properties tend to raise premiums because the carrier’s maximum payout rises with that figure.
Frame or masonry walls, the roof covering, and how well the house is built all influence how the home holds up in the wind, hail, and fire common across Colorado, which is why construction type and roof details count.
Location risk captures storm, hail, wildfire, and crime scores that can vary by ZIP code and neighborhood within Parachute, so two homes with similar rebuild costs may still price differently.
Fire protection counts as well: hydrant access, a close fire station, and a strong protection class can each help the premium.
Carriers check claims history on every quote; a recent loss on the property or household often push the price up whether the Parachute policy is new or renewing.
Credit-based insurance score, where state rules allow it, is another lever; better scores generally line up with cheaper premiums when the carrier uses that factor.
Bundling home and auto in Parachute, CO
The figures below illustrate average bundle savings, not a promise. Actual savings vary with the carriers and drivers involved.
| Place | 1-car bundle | 2-car bundle | 3-car bundle |
|---|---|---|---|
| Parachute, Colorado | $258 | $436 | $636 |
What public data says about Parachute homes
Census survey estimates (ACS 2020–2024) show about 548 housing units in Parachute, and owners occupy close to 51% of the occupied homes. By structure type, 31% are detached single-family houses, 41% are in buildings with two or more units, and 15% are mobile homes.
Home heating in Parachute runs mainly on utility gas (78%) and electricity (20%).
FEMA’s National Risk Index flags wildfire (“Relatively Moderate”) in Garfield County.
No hail reports from 2016–2025 fall within about 5 miles of Parachute in NOAA’s database, though Garfield County logged 3 hail reports countywide, topping out at 1.5 inches.
The median home in Parachute was built in 1992. Ages are mixed: 12% predate 1980 and 4.2% were built in 2010 or later.
Since 2000, Garfield County has been part of 2 major disaster declarations; the most recent is Covid-19 Pandemic (March 2020).
Parachute dates its official start to 1908. Parachute’s population went from 1,006 at the 2000 Census to 1,085 at the 2010 Census, and the Census Bureau’s July 2024 estimate is 1,362. Growth since 2000 comes to roughly 35%.
Going further back, NOAA’s Storm Prediction Center counts 1 hail report within 5 miles of Parachute between 1955 and 2015: hail of 1 inch on October 4, 2005.
Looking at neighboring communities? We also have home insurance pages for Battlement Mesa (3 mi), De Beque (12 mi), and Collbran (15 mi).
ZIP codes we insure in and around Parachute
81635 · 81636
Keep exploring Colorado coverage guides
Shop homeowners coverage in Parachute, CO
For Parachute residents, Freedom Insurance Group shops 25+ carriers. To get started, request a home quote on our site or call (800) 253-1482.
