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Home Insurance in Durango, CO: Companies & Premiums

Home Insurance in Durango, CO: Companies & Premiums

Home Insurance in Durango, CO: Companies & Premiums

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

CompanyAnnual Premium
Average$1097.27
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

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:

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

CompanyAnnual Premium
Average$423.28
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

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

CompanyAnnual Premium
Average$257.09
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

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‚Äôs 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.

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