Grand Junction is the largest city on the Western Slope in Colorado. It is located in Mesa County and serves as a hub for shipping and transportation between Salt Lake City and Denver. It is home to The Colorado National Monument where you can do outdoor activities such as biking and hiking or you can just sit and appreciate the beauty of stone monoliths and rock canyons on the ground.
Grand Junction is also home to more than 20 breweries, which is why it’s called Colorado’s Wine Country. Other than that, you can also see Grand Mesa, a flat-top mountain that offers a variety of activities not just for tourists, but for homeowners as well. These activities include fishing and skiing. Indeed, living in Grand Junction is great and fun.
Cost of living in Grand Junction is more affordable compared to other cities. It is also ranked as one of the best places to live and has earned a spot on some ranking competitions in the United States. However, even with all these awards and great reviews, homes can still be affected by risks, such as vandalism, theft, weather-related risks, and fire. So make sure that you have home insurance that can protect you and your home from natural disasters and other risks.
Using Colorado’s government quote tool, we were able to determine the average home insurance rates in Grand Junction. We calculated that to insure a framed house, it would cost an average of $928 a year for a standard homeowners insurance policy.
Grand Junction Homeowners Insurance
All homeowners may be required by their mortgage lenders to acquire home insurance for their homes. This type of insurance protects their home from any damages or liability. Use an HO-3 policy, which is a type of home insurance, to cover your personal property, land, and actual home from any accidents. If a person were to sue you for damages, an HO-3 would cover those damages and legal fees too.
The cost of an average HO-3 policy in Grand Junction is $1,012.17. This is an especially cheap rate for Colorado residents in general. There are even cheaper options for homeowners who want to save more money. Cutting costs on housing is the first place to start when trying to save money.
View some of the cheaper rates for homeowners insurance in CO:
List of Companies & Rates for HO-3 Coverage in Grand Junction, CO
| Company | Annual Premium |
|---|---|
| Grange Insurance | $281 |
| American Reliable | $430 |
| Alliance | $475 |
| 360 | $513 |
| Economy Premier | $518 |
| Encompass | $533 |
| United Fire | $534 |
| Farmers Insurance Exchange | $576 |
| Farmers | $583 |
| ANPAC | $614 |
| AIG | $643 |
| American Strategic | $643 |
| Mountain Valley | $668 |
| Colorado Farm Bureau | $697 |
| ANGIC | $707 |
| Homesite | $709 |
| Allstate | $716 |
| IDS | $717 |
| Trumbull | $778 |
| Horace Mann | $792 |
| State Farm | $804 |
| Hartford Fire | $805 |
| Safeco | $825 |
| Twin City Fire | $829 |
| Shelter | $835 |
| Hartford Accident | $838 |
| QBE Insurance | $844 |
| Metropolitan Direct | $852 |
| National Farmers | $879 |
| American Security | $896 |
| Horace Mann Property | $913 |
| Metropolitan Property | $944 |
| Armed Forces | $950 |
| Stillwater | $956 |
| Praetorian | $960 |
| SECURA Supreme | $963 |
| American Family | $976 |
| Pharmacists Mutual | $983 |
| Teachers Insurance | $1,006 |
| Acuity | $1,090 |
| SECURA | $1,094 |
| The Cincinnati | $1,107 |
| California Casualty | $1,112 |
| CENTRAL | $1,179 |
| Esurance | $1,240 |
| USAA | $1,254 |
| Standard Guaranty | $1,346 |
| COUNTRY Mutual | $1,348 |
| United Services | $1,391 |
| Great Northern | $1,401 |
| Electric Insurance | $1,404 |
| USAA General | $1,405 |
| Liberty | $1,424 |
| Garrison | $1,432 |
| CSAA | $1,438 |
| Vigilant | $1,473 |
| LM Insurance | $1,500 |
| National Casualty | $1,538 |
| Federal | $1,550 |
| Pacific | $1,550 |
| Foremost Grand Rapids, Michigan | $1,589 |
| Amica | $1,630 |
| Owners Insurance | $1,835 |
| Auto-Owners | $2,264 |
| Average | $1012.17 |
Grand Junction Condo Insurance
Not all homeowners live on private property. HO-6 is another type of home insurance that covers owners of condominiums and shared housing. You are more likely to have an accident while sharing your property with others. Having coverage for the shared property is important because you are not the only one at risk of causing an accident.
Expect to pay $412.71 for an HO-6 premium in Grand Junction. This is on the lower side of the Colorado average. Having a cheaper premium saves condo owners money over the years. If you want to save more on your HO-6 premium, then a cheaper rate is the way to go.
Look at some cheaper options to save money on your HO-6:
List of Companies & Rates for HO-6 Coverage in Grand Junction, CO
| Company | Annual Premium |
|---|---|
| SECURA Supreme | $98 |
| SECURA | $131 |
| Economy Premier | $161 |
| 360 | $173 |
| ANPAC | $202 |
| Mountain Valley | $218 |
| State Farm | $218 |
| Grange Insurance | $219 |
| Metropolitan Direct | $220 |
| Metropolitan Property | $222 |
| ANGIC | $228 |
| United Fire | $228 |
| Encompass | $237 |
| Colorado Farm Bureau | $239 |
| Allstate | $252 |
| California Casualty | $273 |
| Trumbull | $275 |
| Farmers Insurance Exchange | $281 |
| Hartford Fire | $281 |
| Acuity | $291 |
| Hartford Accident | $292 |
| Twin City Fire | $292 |
| National Farmers | $293 |
| Horace Mann | $305 |
| Foremost Grand Rapids, Michigan | $310 |
| Shelter | $318 |
| American Strategic | $328 |
| Farmers | $338 |
| CENTRAL | $345 |
| Electric Insurance | $381 |
| American Family | $405 |
| Safeco | $413 |
| COUNTRY Mutual | $419 |
| Great Northern | $430 |
| Armed Forces | $449 |
| Vigilant | $451 |
| National Casualty | $457 |
| Auto-Owners | $459 |
| Owners Insurance | $459 |
| Federal | $470 |
| Pacific | $470 |
| Teachers Insurance | $474 |
| USAA General | $478 |
| Amica | $553 |
| Liberty | $626 |
| CSAA | $637 |
| Stillwater | $649 |
| LM Insurance | $660 |
| Homesite | $672 |
| AIG | $680 |
| The Cincinnati | $680 |
| American Bankers Florida | $686 |
| USAA | $712 |
| United Services | $736 |
| Praetorian | $749 |
| Garrison | $761 |
| IDS | $776 |
| Pharmacists Mutual | $877 |
| Average | $412.71 |
Grand Junction Renters Insurance
Having renters insurance is just as important as having homeowners insurance. Without renters insurance, your assets within the rental property are not covered. If there is a fire, then you could lose everything within the property without the proper insurance. An HO-4 is required by most landlords, and going without it is incredibly risky.
The average cost of renters insurance in Grand Junction is $250.31. For Grand Junction’s cheaper HO-3 and HO-6, their renters insurance is lacking those discounted rates. There are plenty of options for saving money on an HO-4, however. Browsing cheaper premiums is a good way to start.
Take a look at cheaper rental coverages in Grand Junction:
- Acuity – $184
- State Farm – $146
- SECURA Supreme – $139
List of Companies & Rates for HO-4 Coverage in Grand Junction, CO
| Company | Annual Premium |
|---|---|
| Economy Premier | $86 |
| 360 | $115 |
| ANPAC | $127 |
| SECURA Supreme | $139 |
| ANGIC | $143 |
| State Farm | $146 |
| California Casualty | $150 |
| National Farmers | $150 |
| Mountain Valley | $155 |
| Alliance | $159 |
| Praetorian | $162 |
| Allstate | $166 |
| Farmers Insurance Exchange | $166 |
| Stillwater | $166 |
| SECURA | $173 |
| IDS | $179 |
| Trumbull | $179 |
| Hartford Fire | $182 |
| Acuity | $184 |
| Colorado Farm Bureau | $187 |
| Metropolitan Direct | $187 |
| Hartford Accident | $188 |
| Twin City Fire | $188 |
| Grange Insurance | $189 |
| Farmers | $197 |
| American Family | $208 |
| American Strategic | $209 |
| Homesite | $210 |
| Markel American | $216 |
| CENTRAL | $225 |
| Aspen American | $228 |
| Auto-Owners | $238 |
| Owners Insurance | $238 |
| American Modern | $239 |
| Metropolitan Property | $246 |
| 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 |
| CSAA | $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 | $306 |
| USAA General | $319 |
| Garrison | $333 |
| USAA | $333 |
| United Services | $360 |
| American Family Home | $417 |
| Pharmacists Mutual | $444 |
| Liberty | $479 |
| LM Insurance | $504 |
| The Cincinnati | $630 |
| AIG | $695 |
| Average | $250.31 |
Risks in Grand Junction
The most dangerous threats homeowners face in Grand Junction, specifically on the Western Slope are floods and wildfires. Most floods in the city come from the Colorado River when the spring gets runoff from the mountains.
As mentioned above, the burglary rate is also high in Grand Junction, which means property theft happens frequently. That’s why home and property protection is important. Make sure to put additional coverage on your insurance policy so that when a thief damages your doors and windows or steal your electronics and jewelry, it will all be fully covered.
Colorado’s Number of Natural Disasters
- Number of tornadoes – 52
- Property damage amount – $215,290,000
- Number of disasters – 343
- Most common disasters in the state – Flood, fire
- Each year, 1 out of 15 insured homes files a claim because of natural disasters
Make sure that you will be covered from any risks that might happen by choosing the best home insurance company for your needs. Also, make sure to purchase additional coverages for your home insurance policy, especially for risks brought about by flood and wildfire in Grand Junction.
Census
Grand Junction is a medium-sized city with a population of 62,475. It is 100% urban, and the average age of its residents is 34 years old. People in Grand Junction typically earn less, but the cost of living index is below the national average at 93.7. Owning or renting is below the Colorado average as well, so it may be a good place to have a starter home. Keep in mind that 19 percent of the population lives in poverty.
Potential residents should also keep in mind that the area is high in crime. It has been on a steady rise since the year 2010, but it fluctuates with the years. Keep your area of living in mind before moving to Grand Junction.
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.
