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Home Insurance in Boulder, CO: Companies & Premiums

Home Insurance in Boulder, CO: Companies & Premiums

Homeowners need protection in the form of HO-3 insurance to protect their investment. This type of insurance applies to private land, the house, and the things inside of the house. Some medical payments and liability are also covered by HO-3 insurance. Think of an HO-3 as a type of liability and damage coverage.

Boulder, Colorado Home Insurance

You should expect the average cost of home insurance in Colorado, in the city of Boulder to reach $1,677.52. Despite it being average, this may be too much for families on a budget. There are plenty of budget-friendly HO-3 premiums to choose from. By doing a bit of research, it is easy to find below-average HO-3 premiums.

For a more budget-friendly homeowners policy, scroll the list below:

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

CompanyAnnual Premium
Average$1677.52
American Reliable$430.00
AIG$752.00
360$787.00
American Security$797.00
Economy Premier$820.00
Encompass$876.00
Grange Insurance$885.00
IDS$933.00
United Fire$945.00
Horace Mann$1,050.00
Mountain Valley$1,111.00
QBE Insurance$1,161.00
Standard Guaranty$1,178.00
Pharmacists Mutual$1,218.00
Armed Forces$1,285.00
Teachers Insurance$1,288.00
Horace Mann Property$1,310.00
Colorado Farm Bureau$1,362.00
Praetorian$1,394.00
Allstate$1,427.00
American Strategic$1,492.00
The Cincinnati$1,499.00
Safeco$1,519.00
Trumbull$1,529.00
Alliance$1,537.00
American Family$1,558.00
Hartford Fire$1,587.00
Shelter$1,639.00
Twin City Fire$1,640.00
Great Northern$1,641.00
CSAA$1,656.00
Hartford Accident$1,659.00
California Casualty$1,667.00
COUNTRY Mutual$1,704.00
USAA$1,706.00
Vigilant$1,729.00
Farmers$1,752.00
Homesite$1,782.00
Federal$1,818.00
Pacific$1,818.00
United Services$1,868.00
Esurance$1,872.00
Metropolitan Direct$1,890.00
SECURA Supreme$1,890.00
CENTRAL$1,911.00
USAA General$1,942.00
National Casualty$1,944.00
Garrison$1,948.00
Foremost Grand Rapids, Michigan$1,972.00
Acuity$2,086.00
ANPAC$2,116.00
State Farm$2,122.00
SECURA$2,134.00
Amica$2,220.00
National Farmers$2,294.00
Owners Insurance$2,364.00
Liberty$2,373.00
Stillwater$2,413.00
ANGIC$2,454.00
LM Insurance$2,497.00
Farmers Insurance Exchange$2,600.00
Electric Insurance$2,638.00
Metropolitan Property$2,862.00
Auto-Owners$3,010.00

Boulder Condo Insurance

Owning a condominium or shared housing requires an HO-6 premium. This type of insurance covers property within your home. It also includes some medical payments and additional liability damages. Having an HO-6 premium is required for most owners of a condominium or shared housing. This protects the owner’s assets and any guests in case of an accident.

In Boulder, CO, the price of an HO-6 premium is $435.59. This is within the normal range for this type of insurance. Some homeowners want a cheaper premium due to fewer assets or a lesser need for an expensive premium. There are plenty of premiums that run cheaper than the HO-6 average.

These are some of the cheaper premiums for condo insurance:

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

CompanyAnnual Premium
Average$435.59
SECURA Supreme$134
SECURA$172
360$188
Economy Premier$194
Mountain Valley$206
Grange Insurance$211
Encompass$226
United Fire$233
Colorado Farm Bureau$236
Allstate$260
California Casualty$262
Metropolitan Property$266
Farmers Insurance Exchange$270
ANPAC$286
COUNTRY Mutual$291
Trumbull$292
Shelter$293
Hartford Fire$298
Hartford Accident$310
Twin City Fire$311
State Farm$314
Metropolitan Direct$319
ANGIC$323
Horace Mann$326
National Farmers$344
Acuity$349
CENTRAL$349
Farmers$359
American Family$365
Electric Insurance$385
American Strategic$394
Safeco$396
Great Northern$413
Vigilant$432
Federal$454
Pacific$454
Auto-Owners$459
Owners Insurance$459
Foremost Grand Rapids, Michigan$477
USAA General$483
Teachers Insurance$516
Armed Forces$517
National Casualty$566
American Bankers Florida$572
Stillwater$581
CSAA$591
The Cincinnati$603
Amica$616
Liberty$626
LM Insurance$660
USAA$701
United Services$729
AIG$739
Garrison$744
Homesite$770
IDS$875
Pharmacists Mutual$877
Praetorian$1,188

Boulder Renters Insurance

Renters insurance is an essential part of protecting your property. Despite not owning the landlord’s property, there are still things inside of your rented home that needs to be covered. Without renters insurance, it is possible to lose your possesions to a fire or other major accidents. Be sure that your HO-4 premium covers all of your assets within your rental.

Because most people own a set amount of assets, some renters may not need a high premium. To save money on your HO-4 premium, go for the rate that matches your assets. It does not make sense to have $50,000 worth of coverage for only $5,000 worth of assets. The average price of renters insurance in Boulder is $258.89. However, there are tons of cheaper options for those with fewer assets.

Look into some cheaper renters coverage down below:

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

CompanyAnnual Premium
Average$258.89
Economy Premier$105
360$125
State Farm$125
Praetorian$135
California Casualty$147
Mountain Valley$147
National Farmers$147
Farmers Insurance Exchange$159
SECURA Supreme$164
Allstate$166
Alliance$170
ANPAC$178
Grange Insurance$178
Colorado Farm Bureau$183
Trumbull$188
IDS$190
Hartford Fire$192
Hartford Accident$198
Acuity$199
Twin City Fire$199
SECURA$201
ANGIC$203
Homesite$210
Farmers$211
Great Northern$214
Safeco$214
Stillwater$215
Markel American$216
American Strategic$219
CSAA$222
Vigilant$224
Aspen American$228
Federal$232
Pacific$232
Shelter$234
Auto-Owners$238
Owners Insurance$238
American Modern$239
CENTRAL$241
American Family$252
Century-National$254
Amica$272
Metropolitan Direct$272
First American$281
Electric Insurance$282
Encompass$292
COUNTRY Mutual$293
United Fire$293
Metropolitan Property$295
Horace Mann$297
American Bankers Florida$300
Teachers Insurance$302
USAA General$322
Garrison$336
USAA$337
United Services$363
National Casualty$369
Foremost Grand Rapids, Michigan$384
American Family Home$417
Pharmacists Mutual$444
Liberty$479
LM Insurance$504
The Cincinnati$585
AIG$818

Conclusion

Despite the cost of living sitting below average, the price of a condo in Boulder is very high. Detached houses average at over $1 million. This may be too high for potential homeowners on a budget. Homeowners moving to Boulder should be ready to afford sky-high housing, and below-average income may not make homeownership possible.

Source: All of the pricing and statistics were taken from https://www.colorado.gov/dora/division-insurance. We tried to record the information as accurately as possible, but pricing is subject to change over time. Be sure to visit the website for the most up-to-date information.

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