An HO-3 policy covers a homeowner’s personal property. This includes the basic structure of the home as well as the contents inside of it. Most homeowners cannot own a home without home insurance. Protecting your property in case of a serious accident or liability damage is important. You never know when the accident will happen, and it is better to be safe than sorry.
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Craig, Colorado Homeowners Insurance
The average price of a homeowners policy in Craig, Colorado is $1,081.52. Private property insurance must meet a deductible before the remainder is paid. Keep from paying a high premium by finding a cheaper company to work with. A lower premium and deductible saves costs for the homeowner in the long run.
Here are some better options for homeowners on a budget:
- Stillwater – $1,000
- Praetorian Insurance – $960
- Safeco – $877
List of Companies & Rates for HO-3 Coverage in Craig, CO
|Colorado Farm Bureau||$711|
|Farmers Insurance Exchange||$746|
|Horace Mann Property||$911|
|Twin City Fire||$1,096|
|Foremost Grand Rapids, Michigan||$1,589|
Craig Condo Insurance
Use condo insurance for a condominium or shared housing. Craig residents ought to choose this kind of insurance for his or her private property within the condominium or shared housing. Most commonly, people in Craig pay $421.41 for their HO-6 policy.
Though the average is about what most homeowners pay, there are still cheaper choices. Take your personal assets into thought and also the quantity of coverage required. Also, consider your deductible and what you are able to pay. Once you discover your total, choose the most affordable premium.
Take a look at cheaper options for condo insurance here:
List of Companies & Rates for HO-6 Coverage in Craig, CO
|Colorado Farm Bureau||$239|
|Farmers Insurance Exchange||$292|
|Foremost Grand Rapids, Michigan||$310|
|Twin City Fire||$351|
|American Bankers Florida||$915|
Craig Renters Insurance
Even a renter has to have insurance to include all of their assets. This protects you and also the property owner from any accidents that would leave you with no personal property. Despite the fact that renters insurance is cheaper, it is still necessary to protect all of your property just in case of fire or legal proceedings when an accident occurs.
A renter in Craig, Colorado should expect to pay an average premium of $258.22. Most renters expect to pay within this range, but it can be costly for some renters. For lower-income families, there are cheaper choices. You will additionally need a cheaper HO-4 premium if you have got fewer assets than a costlier premium needs.
Here are some additional options for low-income renting families:
List of Companies & Rates for HO-4 Coverage in Craig, CO
|Farmers Insurance Exchange||$166|
|Colorado Farm Bureau||$187|
|Twin City Fire||$221|
|Foremost Grand Rapids, Michigan||$255|
|American Bankers Florida||$300|
|American Family Home||$417|
Craig is a smaller town in Colorado, and the population has been slowly declining since 2000. Right now, there are around 8,922 populating the city. The cost of living is below the Colorado average, but families earn less than the Colorado average too. Homeowners moving to Craig, Colorado make an average of $60,168 per year.
The town has nearly no diversity. Any families used to having multiple races in their town will be disappointed in Craig, Colorado. Around 76.9% of the population is white, and 19.4% of the population is Hispanic. This may become a problem for people who enjoy being surrounded by multiple cultures.
Source: These statistics were taken from https://www.colorado.gov/dora/division-insurance. The prices and statistics were recorded accurately at the time of writing, but all prices are subject to change in the future. For an up-to-date version of real-time statistics, visit the website.