Colorado governor sets goal of cutting average home insurance costs by $800 annually by end of 2027

Colorado governor sets goal of cutting average home insurance costs by $800 annually by end of 2027

Colorado Gov. Jared Polis said he wants to reduce average homeowners insurance premiums by about $800 annually by the end of next year.  The goal, which Polis hopes to achieve through a mix of legislative and executive action, comes in response to a dramatic rise in homeowners insurance costs. Average premiums more than doubled between 2018 and 2023, and Colorado ranks as the sixth-costliest state for homeowners insurance, according to a Colorad…