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Home Insurance in Aurora, CO: Companies & Premiums

Home Insurance in Aurora, CO: Companies & Premiums

Aurora, Colorado Home Insurance Rates
Winter in Aurora, Colorado from https://www.newagere.com/

Known for its outdoor recreation, relaxing atmosphere, cultural food, and artistic exhibits, Aurora, Colorado can really be a great place to buy a home. With its 374,114 residents, it really is a perfect place to start a business or raise a family. However, despite the thriving economy of the city, it’s still facing a lot of theft, break-ins, and weather-related risks. That is why you always have to make sure that you and your home are well-protected by having home insurance. Other than the population increase, Aurora’s demographics on housing have also changed for the better.

  • Owner-occupied housing unit rate – 57.6%
  • Median value of owner-occupied housing units – $231,000
  • Median selected monthly owner costs (with mortgage) – $1,463
  • Median selected monthly owner costs (without a mortgage) – $438

To help you understand the importance of home insurance in Aurora and where to get the best and affordable home insurance premium, we have listed some of the things that you should know: from home insurance rate comparisons, the risks of living in this city, to the most affordable home insurance options that are right for you.

Aurora, Colorado Homeowners Insurance

An HO-3 premium is meant for homeowners to protect their personal assets. Having an HO-3 premium protects the property within your home. It includes all of your assets, the health of your property, and any liability. If you have any medical-related damages, an HO-3 covers that as well. If you have a mortgage, then most companies require you to have homeowners insurance. This protects you and the company from any future damages to your property or liability.

The average cost of homeowners insurance in Aurora, Colorado is $2,000.89. This average sits on the higher end of the spectrum, and it may not always be affordable to some families. Not having an HO-3 is not a good option, however. There are plenty of cheaper alternatives to look into.

Browse the cheaper alternatives for an HO-3 premium in Aurora, Colorado here:

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

CompanyAnnual Premium
Average$2000.89
American Reliable$753
AIG$762
Grange Insurance$885
United Fire$945
Economy Premier$996
American Security$1,013
Mountain Valley$1,065
360$1,089
Pharmacists Mutual$1,218
Armed Forces$1,260
Horace Mann$1,398
QBE Insurance$1,430
Encompass$1,479
Praetorian$1,531
Standard Guaranty$1,590
Homesite$1,628
Alliance$1,654
IDS$1,673
Teachers Insurance$1,729
Stillwater$1,740
The Cincinnati$1,749
American Family$1,780
Horace Mann Property$1,788
Great Northern$1,866
Farmers$1,881
Esurance$1,899
Trumbull$1,913
National Casualty$1,944
Colorado Farm Bureau$1,960
Vigilant$1,966
Foremost Grand Rapids, Michigan$1,972
American Strategic$1,975
Safeco$1,976
Hartford Fire$1,987
Allstate$1,997
Shelter$2,006
USAA$2,022
Twin City Fire$2,055
Federal$2,069
Pacific$2,069
Hartford Accident$2,079
CSAA$2,108
National Farmers$2,146
Metropolitan Direct$2,204
United Services$2,220
California Casualty$2,231
Garrison$2,331
USAA General$2,333
State Farm$2,348
CENTRAL$2,413
ANPAC$2,439
SECURA Supreme$2,469
Owners Insurance$2,543
Amica$2,700
COUNTRY Mutual$2,711
SECURA$2,784
Liberty$2,824
ANGIC$2,829
Acuity$2,864
LM Insurance$2,972
Auto-Owners$3,266
Farmers Insurance Exchange$3,362
Electric Insurance$3,494
Metropolitan Property$3,675

Aurora Condo Insurance

Living in a condominium or shared housing increases the need for insurance. Sharing a space with someone else increases the risk of an accident. Rather than taking a chance, get an HO-6 premium to protect yourself and your assets. If you share a building with other homeowners, then an HO-6 premium is right for you.

Expect an HO-6 premium in Aurora to hit an average of $470.48. This is on the affordable side, but there are many cheaper alternatives for lower-income families. There are quite a few budget-friendly HO-6 insurance premiums out there.

Lower-income families should look at the following options for budget-friendly premiums:

  • Trumbull – $336
  • ANPAC – $318
  • Shelter Mutual – $293
  • Country Mutual – $245
  • 360 Insurance – $201

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

CompanyAnnual Premium
Average$470.48
SECURA Supreme$169
360$201
Grange Insurance$211
SECURA$212
Economy Premier$218
Mountain Valley$219
United Fire$233
Colorado Farm Bureau$236
COUNTRY Mutual$245
Metropolitan Property$280
Allstate$289
Shelter$293
Metropolitan Direct$305
National Farmers$307
California Casualty$310
Foremost Grand Rapids, Michigan$310
ANPAC$318
Encompass$321
American Family$327
Trumbull$336
Hartford Fire$341
CENTRAL$345
Horace Mann$350
Farmers Insurance Exchange$351
State Farm$352
Farmers$354
Hartford Accident$356
Twin City Fire$358
ANGIC$359
Acuity$381
Electric Insurance$385
Safeco$396
Great Northern$416
American Strategic$462
Vigilant$480
Federal$504
Pacific$504
Auto-Owners$513
Owners Insurance$513
USAA General$542
Teachers Insurance$550
Armed Forces$552
National Casualty$571
Stillwater$604
Amica$616
CSAA$626
Homesite$672
The Cincinnati$684
Liberty$735
American Bankers Florida$743
LM Insurance$773
USAA$799
AIG$824
Pharmacists Mutual$833
United Services$835
Garrison$846
IDS$1,094
Praetorian$1,329

Aurora Renters Insurance

Do not opt-out of covering your assets just because you rent! Renters insurance is just as necessary as any other type of homeowners insurance. The property itself is not covered, but your assets and any liability inside of the property are covered. Without renters insurance, something as debilitating as a fire could leave you with no furniture, electronics, or anything else lost in the accident.

Renters typically pay less in insurance than homeowners. The average cost of an HO-4 premium in Aurora is $283. This is on the higher end, especially for families on a budget. Going for a cheaper HO-4 premium may be the best route for families on a budget.

Here are some additional options for a budget-friendly HO-4 premium:

List of Companies & Rates for HO-4 Coverage in Aurora, CO

CompanyAnnual Premium
Average$283.00
Economy Premier$117
State Farm$125
360$134
Mountain Valley$153
National Farmers$165
Allstate$166
California Casualty$166
Alliance$168
Grange Insurance$168
Colorado Farm Bureau$183
Farmers Insurance Exchange$196
ANPAC$199
Farmers$208
Homesite$210
Stillwater$211
Trumbull$213
Great Northern$214
Hartford Fire$216
Markel American$216
Hartford Accident$224
Vigilant$224
ANGIC$225
Twin City Fire$225
Aspen American$228
Federal$232
Pacific$232
Shelter$234
CENTRAL$237
Safeco$237
American Modern$239
Praetorian$248
SECURA Supreme$248
Acuity$254
Century-National$254
CSAA$255
Foremost Grand Rapids, Michigan$255
Metropolitan Direct$259
Auto-Owners$261
Owners Insurance$261
Amica$272
American Strategic$275
First American$281
American Family$287
United Fire$293
SECURA$295
American Bankers Florida$300
Electric Insurance$309
Metropolitan Property$311
COUNTRY Mutual$317
Horace Mann$318
IDS$321
Teachers Insurance$327
USAA General$330
Garrison$344
USAA$344
National Casualty$369
United Services$372
Encompass$416
American Family Home$417
Pharmacists Mutual$432
Liberty$561
LM Insurance$591
AIG$838
The Cincinnati$932
Home Insurance in Aurora, CO: Companies & Premiums
Source: Auroragov.org

Aurora Home Insurance Comparison

Property risks are always present in every state, whether it be natural disasters or theft, that is why you have to look for the right home insurance for your needs first, before getting a new home in Aurora or if you’re looking for a better home insurance coverage. How’s Aurora measured up compared to the national average? Here’s a breakdown:

  • National average home insurance cost – $1,192 per year
  • National average burglary rate – 4.69 per 1,000 homes
  • National average home value – $188,900

Aurora homeowners pay an average of $147 for their home insurance premium every month and yearly, they are paying $1768, which is higher compared to the national average home insurance cost of $1,192 per year. When it comes to property risks caused by burglaries, Aurora is very close to the national average burglary rate of 4.69%. In this city, burglaries occur in 4.63% of 1,000 homes, much higher than Arvada’s burglary rate. This means that break-ins are more frequent in this area so you have to make sure that your home is covered for theft and break-ins. The city’s average home value is $253,400.

Risks in Aurora

The most common claims that Aurora homeowners file is about freezing pipes or plumbing system damages. Winter in this city poses a big risk for property owners since it can cause freezing temperatures that can affect your home’s plumbing system and roadway or property damages. Other than that, winter can also cause damage to your swimming pool, which isn’t covered by home insurance policies. The number of burglaries happening each year in Aurora should be considered as one of the greatest risks also since it’s quite high compared to other cities.

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 that you will be covered from any risks that might happen by choosing the best home insurance company for your needs. Also, make sure to purchase additional coverages for your home insurance policy, especially for risks brought about by the winter season.

Colorado’s Best Home Insurance Companies

State Farm

The largest home insurance provider in Colorado. It doesn’t have a separate hail or wind deductible, which sets them apart from other home insurance companies in Colorado. It can help you save money when making claims; however, the costs will still depend on your situation. The disadvantage is that the company can’t provide a lower deductible for minor losses, such as small fires or theft.

American Family

Its home insurance policy rate for Colorado homeowners is 60% cheaper than USAA and State Farm. Why? Because they will charge more for deductibles. They’re charging deductibles for property loss at $1,000, hail at $1,000, and identity fraud at $250. With added deductibles, your premium might go higher over time, even though the present annual price is cheap.

USAA

Despite the fact that USAA only insures retired and active military personnel and their families, they are still the second-largest home insurance provider in Colorado. Their financial strength is strong, which means they can pay all the claims filed by their customers. They have a 1% deductible for hail and wind, which is about average for home insurance in Colorado. The disadvantage for this company, though, is that they won’t give a lot of details about their home insurance policy up-front and their website doesn’t have a lot of information about their policies either. It’s also a bit expensive compared to Americal Family and State Farm.

Census

Aurora is a fast-growing urban city. Since 2000, the population has grown by 32 percent. Most of the city’s statistics are a bit below the Colorado average. Expect the general age range and cost of living to match Colorado averages well. 

The median household income is $63,055 per year. Because this is below the Colorado average, there should be lower-income families and regions throughout the city. The population is generally diverse. The majority of the population is 44.7% Caucasian, and 27.6% of the population is Hispanic. 

Source: All of these numbers were taken from the Colorado government’s official site. Like most averages, expect these numbers to change over time. They were written as accurately possible at the time of recording.

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