Home insurance protects a homeowner’s personal property and their actual home. This is a common type of insurance that covers most parts of the home. Most HO-3 premiums also cover liability and medical payments. An HO-3 policy should cover the cost of your assets. If it is too far below your assets, then you may lose some in the event of an accident.
Fort Morgan, Colorado Homeowners Insurance
An average HO-3 policy for a homeowner in Fort Morgan would cost $2,135.25. For some homeowners, this rate is pretty high. Since home insurance is a must, there are no ways to get out of the actual insurance. However, there are tons of cheaper options for low-income families or families on a budget.
Here are some budget-friendly home insurance options to consider:
- American Strategic (ASI) – $1,740
- Alliance – $1,709
- The Cincinnati – $1,185
List of Companies & Rates for HO-3 Coverage in Fort Morgan, CO
| Company | Annual Premium |
|---|---|
| 360 | $572 |
| American Reliable | $753 |
| AIG | $795 |
| American Security | $1,013 |
| United Fire | $1,055 |
| Grange Insurance | $1,059 |
| The Cincinnati | $1,185 |
| Economy Premier | $1,236 |
| Armed Forces | $1,259 |
| Pharmacists Mutual | $1,261 |
| QBE Insurance | $1,534 |
| Horace Mann | $1,562 |
| Standard Guaranty | $1,590 |
| Stillwater | $1,624 |
| Mountain Valley | $1,649 |
| Encompass | $1,705 |
| Great Northern | $1,705 |
| Alliance | $1,709 |
| American Strategic | $1,740 |
| SECURA Supreme | $1,756 |
| Vigilant | $1,796 |
| Praetorian | $1,834 |
| Metropolitan Direct | $1,868 |
| Federal | $1,890 |
| Pacific | $1,890 |
| American Family | $1,927 |
| Farmers | $1,941 |
| National Casualty | $1,944 |
| Colorado Farm Bureau | $1,954 |
| SECURA | $1,984 |
| Teachers Insurance | $2,003 |
| Horace Mann Property | $2,051 |
| Trumbull | $2,059 |
| Hartford Fire | $2,139 |
| Safeco | $2,150 |
| Twin City Fire | $2,213 |
| ANPAC | $2,214 |
| USAA | $2,217 |
| IDS | $2,237 |
| Hartford Accident | $2,239 |
| CSAA | $2,250 |
| Shelter | $2,266 |
| Homesite | $2,299 |
| Foremost Grand Rapids, Michigan | $2,322 |
| United Services | $2,453 |
| Owners Insurance | $2,466 |
| Metropolitan Property | $2,554 |
| ANGIC | $2,568 |
| Garrison | $2,622 |
| USAA General | $2,645 |
| California Casualty | $2,648 |
| CENTRAL | $2,735 |
| Amica | $2,812 |
| Allstate | $2,850 |
| Esurance | $2,896 |
| Liberty | $2,974 |
| National Farmers | $3,029 |
| Acuity | $3,102 |
| LM Insurance | $3,133 |
| Auto-Owners | $3,145 |
| COUNTRY Mutual | $3,368 |
| Electric Insurance | $3,836 |
| State Farm | $4,050 |
| Farmers Insurance Exchange | $4,321 |
| Average | $2135.25 |
Fort Morgan Condo Insurance
Not all homeowners live on private property. Some homeowners choose to live in shared housing. In this case, they need a special type of coverage. An HO-6 policy covers condominiums and other types of shared housing. You need this type of insurance to cover your assets within your condo.
The average cost of an HO-6 premium in Fort Morgan is $447.84. This is within the normal range for an HO-6 premium. However, some homeowners choose to save money through insurance. If you have fewer assets than the more expensive premium covers, then a cheaper premium is a good option. Going for a cheap premium that still covers your assets is the best way o save money.
Here are some money-saving options for condo insurance:
- American Strategic – $381
- Twin City – $343
- Allstate – $176
- SECURA Supreme – $115
List of Companies & Rates for HO-6 Coverage in Fort Morgan, CO
| Company | Annual Premium |
|---|---|
| SECURA Supreme | $115 |
| SECURA | $150 |
| Allstate | $176 |
| Mountain Valley | $197 |
| Economy Premier | $200 |
| 360 | $201 |
| Metropolitan Direct | $233 |
| United Fire | $233 |
| Colorado Farm Bureau | $236 |
| Metropolitan Property | $238 |
| COUNTRY Mutual | $259 |
| Grange Insurance | $268 |
| California Casualty | $276 |
| Farmers Insurance Exchange | $276 |
| ANPAC | $282 |
| Farmers | $287 |
| Shelter | $293 |
| Foremost Grand Rapids, Michigan | $310 |
| Horace Mann | $317 |
| ANGIC | $318 |
| Trumbull | $322 |
| National Farmers | $327 |
| Hartford Fire | $328 |
| Hartford Accident | $341 |
| Twin City Fire | $343 |
| CENTRAL | $352 |
| State Farm | $352 |
| Acuity | $361 |
| Safeco | $371 |
| American Strategic | $381 |
| American Family | $385 |
| Electric Insurance | $385 |
| Great Northern | $413 |
| Vigilant | $435 |
| Encompass | $455 |
| Federal | $456 |
| Pacific | $456 |
| Auto-Owners | $459 |
| Owners Insurance | $459 |
| Teachers Insurance | $473 |
| USAA General | $513 |
| Amica | $514 |
| CSAA | $545 |
| Armed Forces | $563 |
| National Casualty | $571 |
| Stillwater | $581 |
| Liberty | $626 |
| LM Insurance | $660 |
| Homesite | $664 |
| The Cincinnati | $704 |
| Pharmacists Mutual | $725 |
| USAA | $755 |
| United Services | $771 |
| Garrison | $802 |
| AIG | $830 |
| IDS | $885 |
| American Bankers Florida | $915 |
| Praetorian | $1,632 |
| Average | $447.84 |
Fort Morgan Renters Insurance
An HO-4 policy covers a renter’s assets. It includes the assets within the property, but it does not cover the property itself. Covering the actual property is the landlord’s responsibility because the renter does not actually own the land. However, most landlords require their tenants to have protection in the form of an HO-4 policy to protect themselves and the tenants.
Renters insurance is typically cheaper than other types of homeowner insurance in Colorado. In Fort Morgan, the cost of renters insurance averages at $268.28. Most renters pay within that range, but there are more ways to cut costs at the insurance level. Having fewer assets than what is covered in a more expensive premium is a waste of money. Rather than pay for the extra assets, try to find a cheaper premium.
Take a look at the options for renters coverage:
- Acuity – $205
- Farmers – $189
- Homesite – $185
- State Farm – $125
List of Companies & Rates for HO-4 Coverage in Fort Morgan, CO
| Company | Annual Premium |
|---|---|
| Economy Premier | $108 |
| 360 | $115 |
| State Farm | $125 |
| Mountain Valley | $137 |
| California Casualty | $147 |
| National Farmers | $147 |
| Alliance | $152 |
| Allstate | $166 |
| Farmers Insurance Exchange | $168 |
| SECURA Supreme | $172 |
| ANPAC | $176 |
| Praetorian | $181 |
| Colorado Farm Bureau | $183 |
| Grange Insurance | $185 |
| Homesite | $185 |
| Stillwater | $186 |
| Farmers | $189 |
| American Strategic | $192 |
| Metropolitan Direct | $199 |
| ANGIC | $200 |
| Acuity | $205 |
| Trumbull | $205 |
| Hartford Fire | $209 |
| SECURA | $210 |
| Hartford Accident | $216 |
| Markel American | $216 |
| Twin City Fire | $217 |
| Great Northern | $220 |
| IDS | $220 |
| Aspen American | $228 |
| American Family | $230 |
| Vigilant | $230 |
| CSAA | $234 |
| Shelter | $234 |
| Auto-Owners | $238 |
| Owners Insurance | $238 |
| American Modern | $239 |
| Federal | $239 |
| Pacific | $239 |
| Amica | $242 |
| CENTRAL | $243 |
| Century-National | $254 |
| Foremost Grand Rapids, Michigan | $255 |
| Metropolitan Property | $264 |
| Safeco | $270 |
| Teachers Insurance | $280 |
| First American | $281 |
| Horace Mann | $292 |
| United Fire | $293 |
| American Bankers Florida | $300 |
| Electric Insurance | $309 |
| COUNTRY Mutual | $339 |
| USAA General | $349 |
| Garrison | $362 |
| USAA | $362 |
| Pharmacists Mutual | $366 |
| National Casualty | $369 |
| United Services | $393 |
| American Family Home | $417 |
| Liberty | $479 |
| LM Insurance | $504 |
| Encompass | $595 |
| AIG | $846 |
| The Cincinnati | $926 |
| Average | $268.28 |
Census
The cost of living is much more easygoing in Fort Morgan than the rest of Colorado. However, the average household does make less at $48,508 per year. This may seem low, but families live a bit more comfortably because of the low rent, housing, and general cost of living. If you make less money in a bigger city, you may be more comfortable in Fort Morgan.
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.
