For Monument residents: independent agents comparing homeowners quotes from 25+ carriers.
Typical homeowners costs in Monument
The typical homeowners insurance premium in Monument, CO is about $4,639 annually for a typical local home (typical local home value about $586,400). For a $300,000 dwelling, expect around $3,337 per year; for a $600,000 home about $4,695; and for a $1,000,000 dwelling about $6,110. Freedom Insurance Group rates are often about 40% lower — near $2,783 per year for a typical home, roughly $2,002 for a $300,000 home, about $2,817 for a $600,000 home, and around $3,666 for a $1,000,000 home.
| Dwelling Coverage Limits | Average Annual Premium (incl. Windstorm & Hail Coverage) |
|---|---|
| $100,000 – $200,000 | $2,594 |
| $200,000 – $300,000 | $2,900 |
| $300,000 – $400,000 | $3,560 |
| $400,000 – $500,000 | $4,030 |
| $500,000 – $600,000 | $4,486 |
| $600,000 – $700,000 | $4,843 |
| $700,000 – $800,000 | $5,139 |
| $800,000 – $900,000 | $5,527 |
| $900,000 – $1,000,000 | $5,915 |
Band premiums are midpoints on the Monument dwelling curve (typical local home value about $586,400). Illustrated estimates, not a quote.
Figures are 2026 market-style estimates for Monument, CO, using a typical local home value of about $586,400. Freedom figures apply an approximate 40% savings vs the local typical premium for illustration. Your quote depends on dwelling limit, roof, deductible, claims, and carrier. Not a guarantee.
Monument, CO: what is distinctive here
Roughly 6,420 people live in Monument, located in El Paso County, part of Colorado Springs area.
Monument sits in Colorado Springs area, where everyday insurance shopping is shaped more by the features of each home and carrier appetite than by any single landmark.
Local housing is a mix of single-family homes typical of Colorado Springs area; replacement cost, roof age, and construction type still drive most premium differences block by block.
Hail, wind, and wildfire risk can move premiums quickly in Front Range communities after busy storm years.
How a homeowners policy is built
This is the limit that pays to rebuild the house itself after a covered loss, and it should keep pace with what rebuilding costs locally right now.
Detached garages, sheds, fences, and similar buildings separate from the main house are protected by this part.
It protects furniture, clothing, and everyday belongings inside the home, with special limits that apply to some higher-value categories.
If a covered claim forces you out during repairs, this coverage helps with added costs like a rental or hotel.
This applies when you are legally responsible for injuring someone or damaging their property caused by a covered incident.
If a visitor is injured at your home, this can pay medical bills, often without a formal liability claim.
Homeowners discounts in Monument, 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% |
Which discounts apply and how much they are worth depend on the carrier. “Up to” marks the top of the range, not a promise.
Home insurance price factors in Monument
Carriers price a Monument policy quote from several interlocking factors. Look for rebuild cost, the roof’s age and type, and local storm or wildfire exposure to drive most of the price. The deductible you pick and your claims record can swing the final price about as much as choosing one carrier over another.
Think of replacement cost as what rebuilding would cost the house in like-kind materials at current labor and supply costs. What the insurer might pay follows the rebuild estimate, which is why higher figures for Monument properties tend to mean bigger premiums.
Construction type and roof details also matter: frame versus masonry walls, roofing material, and overall build quality shape how a property holds up in wind, hail, and fire seen across Colorado.
Storm, hail, wildfire, and crime scores drive location risk, and they can shift by ZIP code and neighborhood in Monument, so homes with similar rebuild costs can still get different prices.
Fire protection looks at hydrant and fire-station distance together with local protection class, and a stronger protection profile often support more competitive pricing.
Claims history remains a major rating input: recent claims on the property or household often increase rates for Monument renewals and new business quotes too.
Where state rules allow it, insurers may apply a credit-based insurance score, and a better score usually means lower premiums.
Monument, CO home & auto bundle savings
Illustrated average bundle savings, not a quote. Actual savings vary with the carriers and drivers involved.
| Place | 1-car bundle | 2-car bundle | 3-car bundle |
|---|---|---|---|
| Monument, Colorado | $258 | $436 | $636 |
Monument housing stock and storm history
Home heating in Monument runs mainly on utility gas (79%) and electricity (19%).
FEMA’s National Risk Index flags hail (“Relatively High”), tornado (“Relatively High”), wildfire (“Relatively High”), and winter-weather (“Very High”) in El Paso County.
Tornadoes are part of the picture too: NOAA recorded 1 tornado touching down within 10 miles of Monument between 2016 and 2025, the most intense an EFU during August 2023.
NOAA storm records show 55 hail reports within about 5 miles of Monument from 2016 through 2025 (51 at one inch or more). Top size was 2.5 inches in July 2016 near Monument.
The Census Bureau’s 2020–2024 American Community Survey counts about 4,407 housing units in Monument, and owners occupy roughly 76% of the occupied homes. Looking at building types, 76% are detached single-family houses and 13% are in buildings with two or more units.
From 2000 on, El Paso County has appeared in 7 major disaster declarations; the most recent was Severe Storms, Flooding, and Tornadoes (August 2023).
The median home in Monument was built in 2006. Roughly 36% of homes were built in 2010 or later, so age-of-home discounts come up often.
The Census Bureau counted 1,971 people in Monument at the 2000 Census and 5,530 at the 2010 Census; its July 2024 estimate is 13,408. That is growth of roughly 580% since 2000.
Older NOAA hail logs add more history: SPC data show 81 hail reports within 5 miles of Monument between 1955 and 2015; the biggest stones, 2.75 inches, fell on June 13, 1992. Reports of 2-inch or bigger hail number 3 in that span. NOAA Storm Prediction Center records list 13 tornadoes that began within 10 miles of Monument from 1950 through 2015, the strongest an F2 on June 13, 1977.
Shopping around the area? Nearby home insurance pages: Woodmoor (2 mi), Gleneagle (3 mi), and Palmer Lake (5 mi).
Monument-area ZIP codes we insure
80132 · 80133
More Colorado insurance guides
Monument, CO homeowners quotes
Freedom Insurance Group compares 25+ carriers for Monument residents. Ready when you are: request a home quote on our site or call (800) 253-1482.
