Different types of home insurance premiums depend on the nature of the home. Many homeowners with their own land and personal property need a homeowners insurance policy called an HO-3. An HO-3 premium covers private property and the structure of their home. It also covers the furniture and appliances on the inside. In many cases, an HO-3 also covers medical payments.
Durango, Colorado Homeowners Insurance
Expect home insurance in Colorado in the city of Durango to cost an average of $1,097.27. This average is on the lower end for private insurance. However, lower-income families may need an even cheaper HO-3 premium. There are plenty of options cheaper than the average, and it is one of the best ways to save money as a homeowner.
Take a look at some cheaper coverage options for your home down below:
List of Companies & Rates for HO-3 Coverage in Durango, CO
| Company | Annual Premium |
|---|---|
| American Reliable | $430 |
| Grange Insurance | $431 |
| Alliance | $479 |
| United Fire | $534 |
| Farmers | $588 |
| ANPAC | $619 |
| 360 | $625 |
| AIG | $635 |
| Farmers Insurance Exchange | $658 |
| Encompass | $661 |
| ANGIC | $712 |
| Mountain Valley | $747 |
| Horace Mann | $792 |
| Homesite | $796 |
| American Strategic | $806 |
| Safeco | $819 |
| National Farmers | $829 |
| QBE Insurance | $843 |
| Metropolitan Direct | $859 |
| Trumbull | $867 |
| Shelter | $872 |
| Hartford Fire | $897 |
| Metropolitan Property | $912 |
| Horace Mann Property | $913 |
| Twin City Fire | $925 |
| Stillwater | $931 |
| Hartford Accident | $935 |
| State Farm | $935 |
| Armed Forces | $950 |
| Colorado Farm Bureau | $952 |
| Praetorian | $960 |
| Economy Premier | $962 |
| Pharmacists Mutual | $983 |
| IDS | $1,002 |
| Teachers Insurance | $1,006 |
| SECURA Supreme | $1,007 |
| Acuity | $1,025 |
| American Family | $1,038 |
| Allstate | $1,049 |
| California Casualty | $1,068 |
| American Security | $1,112 |
| SECURA | $1,144 |
| Esurance | $1,190 |
| CENTRAL | $1,280 |
| COUNTRY Mutual | $1,348 |
| The Cincinnati | $1,366 |
| Liberty | $1,417 |
| Electric Insurance | $1,478 |
| LM Insurance | $1,491 |
| Great Northern | $1,493 |
| USAA | $1,501 |
| CSAA | $1,519 |
| National Casualty | $1,538 |
| Amica | $1,540 |
| Vigilant | $1,574 |
| Foremost Grand Rapids, Michigan | $1,589 |
| Federal | $1,654 |
| Pacific | $1,654 |
| United Services | $1,675 |
| USAA General | $1,717 |
| Garrison | $1,745 |
| Standard Guaranty | $1,814 |
| Owners Insurance | $1,944 |
| Auto-Owners | $2,390 |
| Average | $1097.27 |
Durango Condo Insurance
Not all homeowners live on private property. Many homeowners share property or a condominium with other homeowners. In this case, HO-3 insurance is not the way to go. The homeowner would have to get an HO-6 policy instead. An HO-6 policy covers shared property in the event of a property-wide accident. Because accidents are more likely in shared housing, HO-6 insurance is absolutely necessary.
Condo insurance in Durango reaches an average of $423.28. This type of rate is expected for a typical HO-6 premium. There are more budget-friendly options for low-income families, however. Plenty of companies charge below-average rates for an HO-6 premium.
Take a look at some cheaper rates for condo insurance here:
- Hartford – $317
- Grange Insurance – $243
- ANPAC – $202
- Economy Premier – $200
List of Companies & Rates for HO-6 Coverage in Durango, CO
| Company | Annual Premium |
|---|---|
| SECURA Supreme | $84 |
| SECURA | $114 |
| 360 | $173 |
| Economy Premier | $200 |
| ANPAC | $202 |
| Metropolitan Property | $213 |
| State Farm | $218 |
| Metropolitan Direct | $220 |
| ANGIC | $228 |
| United Fire | $228 |
| Colorado Farm Bureau | $239 |
| Grange Insurance | $243 |
| National Farmers | $243 |
| Mountain Valley | $244 |
| COUNTRY Mutual | $245 |
| Allstate | $256 |
| California Casualty | $271 |
| Encompass | $275 |
| Acuity | $289 |
| Farmers Insurance Exchange | $293 |
| Trumbull | $298 |
| Hartford Fire | $305 |
| Horace Mann | $305 |
| Foremost Grand Rapids, Michigan | $310 |
| Hartford Accident | $317 |
| Twin City Fire | $317 |
| Shelter | $318 |
| Farmers | $345 |
| CENTRAL | $352 |
| American Family | $372 |
| Electric Insurance | $381 |
| Safeco | $405 |
| American Strategic | $409 |
| Armed Forces | $449 |
| Great Northern | $457 |
| National Casualty | $457 |
| Auto-Owners | $459 |
| Owners Insurance | $459 |
| Teachers Insurance | $474 |
| Vigilant | $478 |
| Federal | $502 |
| Pacific | $502 |
| CSAA | $516 |
| Amica | $553 |
| USAA General | $554 |
| Liberty | $602 |
| AIG | $627 |
| LM Insurance | $633 |
| Stillwater | $649 |
| Homesite | $672 |
| The Cincinnati | $675 |
| American Bankers Florida | $686 |
| Praetorian | $749 |
| United Services | $866 |
| Pharmacists Mutual | $877 |
| IDS | $886 |
| Garrison | $909 |
| USAA | $947 |
| Average | $423.28 |
Durango Renters Insurance
Even if they do not own the property, renters still need insurance. This keeps their property inside of the rented home safe from any serious accidents. It is still possible to lose everything you have, even if you rent. The point of renters insurance is to keep your personal assets accounted for.
A renter living in Durango should expect to pay an average of $275.09 for an HO-4 policy. This average is a bit higher than normal, but there are quite a few cheaper options. If you are on a budget or just need to save money, then a cheaper company with a lower premium is the way to go.
Here are some more budget-friendly options for those in need of a renters policy:
- Owners Insurance – $238
- American Strategic – $203
- Colorado Farm Bureau – $187
- ANGIC – $143
List of Companies & Rates for HO-4 Coverage in Durango, CO
| Company | Annual Premium |
|---|---|
| Economy Premier | $108 |
| 360 | $115 |
| ANPAC | $127 |
| National Farmers | $139 |
| ANGIC | $143 |
| California Casualty | $143 |
| State Farm | $146 |
| Farmers Insurance Exchange | $155 |
| SECURA Supreme | $155 |
| Stillwater | $155 |
| Alliance | $162 |
| Praetorian | $162 |
| Allstate | $166 |
| Acuity | $184 |
| Colorado Farm Bureau | $187 |
| Metropolitan Direct | $187 |
| Mountain Valley | $189 |
| Grange Insurance | $191 |
| SECURA | $192 |
| Trumbull | $192 |
| Hartford Fire | $196 |
| Farmers | $201 |
| American Strategic | $203 |
| Hartford Accident | $203 |
| Twin City Fire | $203 |
| Homesite | $210 |
| IDS | $210 |
| American Family | $213 |
| Markel American | $216 |
| CSAA | $222 |
| Aspen American | $228 |
| CENTRAL | $232 |
| Metropolitan Property | $236 |
| Auto-Owners | $238 |
| Owners Insurance | $238 |
| American Modern | $239 |
| Safeco | $253 |
| Century-National | $254 |
| Great Northern | $254 |
| Shelter | $254 |
| Foremost Grand Rapids, Michigan | $255 |
| United Fire | $255 |
| Electric Insurance | $263 |
| Vigilant | $264 |
| Amica | $272 |
| Federal | $276 |
| Pacific | $276 |
| Horace Mann | $278 |
| First American | $281 |
| Teachers Insurance | $281 |
| COUNTRY Mutual | $293 |
| National Casualty | $299 |
| American Bankers Florida | $300 |
| Encompass | $357 |
| USAA General | $371 |
| Garrison | $385 |
| USAA | $385 |
| American Family Home | $417 |
| United Services | $418 |
| Pharmacists Mutual | $444 |
| Liberty | $460 |
| LM Insurance | $483 |
| AIG | $684 |
| The Cincinnati | $756 |
| Average | $257.09 |
Conclusion
Durango is a smaller city with some rural areas. If you are still set on saving money, then rural areas are typically cheaper than urban areas. Because it is a smaller city, it may be a more comfortable area for people who prefer less dense populations.
Despite being so small, Durango is a rapidly growing city. Since 2000, the city has grown 33 percent in population. As it grows in popularity, Durango may end up being an innovative part of Colorado’s growing cities.
Source: All of these numbers were taken from the Colorado Government Insurance Department’s official site. Like most averages, expect these numbers to change over time. They were written as accurately possible at the time of recording.
