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Home Insurance In Arvada, CO: Companies & Premiums

Home Insurance in Arvada, CO: Companies & Premiums

Arvada, Colorado Home Insurance Rates
Photo of a neighborhood in Arvada, Colorado by UltraSparky/Wikimedia

Arvada is the 7th largest city in Colorado, which is located in Adams and Jefferson counties. It’s serviced by Colorado State Highway 58 and is accessible to the interstate highways. Golden, Lakewood, and Westminster are the communities that surround Arvada. It offers a variety of cultural and artistic options and has over 3,000 acres of trails and parks. If you’re a fan of vintage and rare vehicles, Cussler Museum that’s filled with vintage cars is in Arvada. They also have the Arvada Center for the Arts and Humanities that provides numerous cultural performances and events such as concerts, musicals, contemporary and classical dance performances.

Arvada’s population has changed. From 106,433 in 2010, it has increased by about 12.9% after 8 years. This means that a lot of homeowners have considered moving to Arvada. Here’s more information about  Arvada’s demographics on housing from 2013 to 2017:

  • Owner-occupied housing unit rate – 73.4%
  • Median value of owner-occupied housing units – $312,500
  • Median selected monthly owner costs (with mortgage) – $1,683
  • Median selected monthly owner costs (without a mortgage) – $463

Arvada, Colorado Homeowners Insurance

An HO-3 homeowners premium covers replacements in the event of an accident. This type of premium covers every bit of the home, including its construction, physical property, and anything inside of the home. In some cases, medical expenses for home-related accidents are covered as well. Think of an HO-3 as a type of liability and damage coverage.

Expect to pay $1,892.20 for the average HO-3 premium in Arvada, Colorado. This average is on the higher side, but homeowners on a budget can find plenty of cheaper HO-3 premiums. As long as the cheaper homeowners insurance covers the homeowner’s property, it is a good option.

These are some cheaper options for an HO-3 premium:

  • American Strategic – $1,722
  • Mountain Valley – $1,260
  • Pharmacists – $1,218
  • United Fire – $916
  • Grange Insurance – $885

List of Companies & Rates for HO-3 Coverage in Arvada, CO

CompanyAnnual Premium
Average$1892.20
American Reliable$430
AIG$776
Grange Insurance$885
United Fire$916
American Security$979
Economy Premier$996
360$1,089
Pharmacists Mutual$1,218
Armed Forces$1,259
Mountain Valley$1,260
QBE Insurance$1,286
IDS$1,298
Horace Mann$1,304
Praetorian$1,474
Encompass$1,483
The Cincinnati$1,532
Alliance$1,537
American Family$1,555
Teachers Insurance$1,628
Horace Mann Propert$1,683
Stillwater$1,705
USAA$1,708
American Strategic$1,722
Safeco$1,731
Farmers$1,752
Allstate$1,815
Homesite$1,830
United Services$1,865
Colorado Farm Bureau$1,915
Great Northern$1,917
National Casualty$1,944
CSAA$1,949
Garrison$1,949
USAA General$1,949
Foremost Grand Rapids, Michigan$1,972
Esurance$2,000
Shelter$2,006
Trumbull$2,008
Vigilant$2,021
State Farm$2,060
SECURA Supreme$2,069
Hartford Fire$2,086
National Farmers$2,087
California Casualty$2,097
Federal$2,126
Pacific$2,126
CENTRAL$2,133
Twin City Fire$2,158
Hartford Accident$2,183
Metropolitan Direct$2,187
Standard Guaranty$2,207
COUNTRY Mutual$2,261
ANPAC$2,299
SECURA$2,334
Owners Insurance$2,514
Acuity$2,520
Liberty$2,556
Amica$2,665
ANGIC$2,667
LM Insurance$2,691
Metropolitan Property$2,873
Auto-Owners$3,228
Electric Insurance$3,254
Farmers Insurance Exchange$3,374

Arvada Condo Insurance

Expect an HO-6 premium to cover your assets inside of your condominium or shared property. The chance of an accident in shared property is increased. If you own expensive furniture or appliances, use an HO-6 to cover that personal property. This gives you peace of mind in case of a fire or another serious accident in your home. 

The average cost of an HO-6 premium in Arvada is $456.09. Also, most premiums come with a deductible. Be sure that the deductible is affordable, or you may be unable to pay to recover your old property. A higher deductible means less on your insurance premium, but it has to be affordable. To avoid losing all of your property, go for a generally cheaper insurance premium.

Browse some of the cheaper-than-average insurance options down below:

List of Companies & Rates for HO-6 Coverage in Arvada, CO

CompanyAnnual Premium
Average$456.09
SECURA Supreme$143
SECURA$182
360$201
Grange Insurance$211
Economy Premier$218
Mountain Valley$230
United Fire$233
Colorado Farm Bureau$236
COUNTRY Mutual$245
Metropolitan Property$266
National Farmers$274
Allstate$279
Encompass$290
Metropolitan Direct$293
Shelter$293
ANPAC$297
California Casualty$299
State Farm$314
Horace Mann$326
ANGIC$335
Trumbull$338
Hartford Fire$345
CENTRAL$349
American Family$351
Farmers Insurance Exchange$351
Farmers$354
Hartford Accident$359
Twin City Fire$360
Acuity$380
Electric Insurance$385
Safeco$428
American Strategic$430
Great Northern$464
Auto-Owners$477
Foremost Grand Rapids, Michigan$477
Owners Insurance$477
USAA General$479
Vigilant$487
Armed Forces$506
Federal$510
Pacific$510
Teachers Insurance$514
National Casualty$571
Liberty$602
CSAA$604
Stillwater$604
American Bankers Florida$606
Amica$616
LM Insurance$633
Homesite$663
USAA$695
United Services$722
The Cincinnati$725
Garrison$735
AIG$826
Pharmacists Mutual$877
IDS$1,208
Praetorian$1,270

Arvada Renters Insurance

Every renter in Arvada, Colorado should get some type of renters insurance. This type of insurance protects the renter from losing their assets, and it covers some types of medical payments. Having any type of personal property makes an HO-4 policy important. A typical renters insurance policy includes personal liability coverage, property coverage, and medical payments.

The average cost of renters insurance in Arvada reaches around $268.13. This may be too much for lower-income renters. Owning the bare minimum of assets or having fewer guests makes a high HO-4 premium unnecessary. There are a few options for a below-average premium.

Here are a few below-average options for lower-income renters:

  • Pacific – $230
  • Twin City – $226
  • Vigilant – $221
  • Homesite – $185
  • 360 – $134
CompanyAnnual Premium
Average$268.13
Economy Premier$117
State Farm$125
360$134
National Farmers$144
California Casualty$159
Mountain Valley$163
Allstate$166
Alliance$168
Grange Insurance$168
Praetorian$181
Colorado Farm Bureau$183
Homesite$185
ANPAC$186
Farmers Insurance Exchange$196
SECURA Supreme$197
Farmers$208
Safeco$210
ANGIC$211
Stillwater$211
Great Northern$212
Trumbull$214
Markel American$216
Hartford Fire$218
Vigilant$221
American Family$225
Hartford Accident$226
Twin City Fire$226
Aspen American$228
Federal$230
Pacific$230
Acuity$234
Shelter$234
CSAA$238
SECURA$238
American Modern$239
CENTRAL$239
Auto-Owners$242
Owners Insurance$242
American Strategic$246
Metropolitan Direct$249
Century-National$254
IDS$271
Amica$272
First American$281
United Fire$293
Metropolitan Property$295
Horace Mann$296
American Bankers Florida$300
Teachers Insurance$305
Electric Insurance$309
USAA General$315
COUNTRY Mutual$317
Garrison$329
USAA$330
United Services$356
National Casualty$369
Encompass$374
Foremost Grand Rapids, Michigan$384
American Family Home$417
Pharmacists Mutual$444
Liberty$460
LM Insurance$483
The Cincinnati$703
AIG$844
Home Insurance In Arvada, CO: Companies & Premiums

Risks in Arvada

Colorado’s biggest risks when it comes to homes are hailstorm and wildfire. Although wildfires don’t usually occur in Arvada, it’s always important that you’re ready with anything. Hailstorms can do big damage to your home, especially on your roof, which can lead to homeowners insurance policy cancellation. That’s why you should look for and choose the best home insurance company so your home will be well-protected from any risks.

Colorado’s Number of Natural Disasters

  • Number of tornadoes – 52
  • Property damage amount – $215,290,000
  • Number of disasters – 343
  • Each year, 1 out of 15 insured homes files a claim because of natural disasters

Make sure to purchase additional coverage for your home insurance policy, especially for weather-related risks because most of the claims filed by Colorado residents are caused by these risks.

Arvada’s Affordable Options

Here are some of the most affordable home insurance companies in Arvada, together with their pros, cons, and the rate of their homeowner policy premiums.

Privilege Underwriters Reciprocal Exchange (PURE)

PURE is a member-owned company, which means their company’s structure is similar to mutual insurance firms. They have a High-Value Home Insurance package designed for homeowners that have above-average homes in both value and construction. It includes features not usually seen in most standard policies. The average rate of their homeowner policy premium is at $692, which is quite affordable compared to other insurers in Arvada. They don’t offer online claims reporting, which is not ideal for tech-savvy homeowners.

American Reliable

This is the most affordable home insurance premium on the list. Their rate is averaged at $474. Their policies are available to homes that do not meet the standard home insurance company requirements but still meet a specific standard for care and condition. They accept the lower value and older homes, as well as multi-family and single residences. Just like PURE, they don’t provide online quoting. However, their customer service is available 24/7 via phone..

Grange Insurance

Grange has two home insurance programs: the HomePak Plus, which is a standard home insurance program that includes full replacement cost for the home with 25% additional on top of the calculated cost and the HomePak Premier program that has an even higher level of coverage of up to 150% replacement cost coverage. These policies are perfect for Arvada homeowners that want more extra coverage for an affordable price. Their home insurance premium is average at $799. Online quoting is also not available for Grange; however, they are offering basic online claim form to start the claim filing.

Travelers

If you’re planning to buy multiple home insurance coverage in just one company and looking for in-person customer support, Travelers can be a great choice for you. They are one of the most well-known insurance companies, not just in Arvada but in the whole United States. They offer home insurance premiums averaging at $1,379 for Arvada homeowners. They are also more modern when it comes to their customer service, online quoting, and other services compared to the insurers in this list.  

Pick the most affordable and comprehensive home insurance policy and make sure your home is well-protected from crimes, disasters, and other risks that might damage it.

Census

The population of Arvada, Colorado gradually rises each year. As of 2017, the city had a population of over 118,000. The population is a bit older at around 39 years, and it is a place for higher-earning families. The average family earns a higher amount than the Colorado average, making Arvada a costlier city to live in.

Keep the higher cost of housing and rent in mind before moving to Arvada. The cost of living is high, so securing a job before moving to Arvada is dire. Having a car is also important because around 23% of the population commutes outside of the city for work. Only 2.8% of the population is unemployed, so finding a well-paying job may not be too difficult. 

Source

The source of these percentages and prices was taken from the Colorado government site. While we made sure to record accurate information, prices and percentages are always subject to change over time. For the most accurate information, be sure to visit the website before making any big decisions.

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