If you are a homeowner, then the subject of insurance has crossed your mind. Insuring your property is majorly important. Having an accident or natural disaster that puts your assets at risk can happen to anyone. Fires and liability accidents are the leading cause of homeowners losing their assets. Rather than take the risk, find an affordable home insurance for yourself and your property.
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La Junta, Colorado Homeowners Insurance
The average cost of an HO-3 policy, which is the type of coverage that homeowners need to protect their homes, in La Junta is $2,230.39. This is on the high spectrum for this type of insurance. Homeowners do not need to pay the average, however. There are plenty of cheaper insurance options for homeowners on a budget.
Browse these budget-friendly options for better homeowners insurance in Colorado in the city of La Junta:
- USAA – $2,168
- Teachers Insurance – $2,003
- Pacific Indemnity – $1,890
- American Strategic Insurance (ASI) – $1,644
List of Companies & Rates for HO-3 Coverage in La Junta, CO
|Colorado Farm Bureau||$1,803|
|Horace Mann Property||$2,051|
|Foremost Grand Rapids, Michigan||$2,322|
|Twin City Fire||$3,164|
|Farmers Insurance Exchange||$4,335|
La Junta Condo Insurance
Some homeowners have private property, and others share their housing. If you are a homeowner in a condominium or shared housing, then you need an HO-6 policy. Sharing housing with others increases the likelihood of some accidents. Rather than take a chance, be sure that your property is insured under your current premium.
If you are unsatisfied with your premium, then there are cheaper rates for condo owners. The average cost of HO-6 insurance in La Junta is $465.88. Paying below average rates is a good way to save money. Long-term savings frees up room for other types of spending.
Here are some cheaper-than-average rates for condo coverage in La Junta:
List of Companies & Rates for HO-6 Coverage in La Junta, CO
|Colorado Farm Bureau||$236.00|
|Farmers Insurance Exchange||$280.00|
|Foremost Grand Rapids, Michigan||$310.00|
|Twin City Fire||$574.00|
|American Bankers Florida||$915.00|
La Junta Renters Insurance
Renters insurance covers your assets within a landlord’s property. This type of insurance is not coverage for the landlord. If there were an accident, then their own property insurance should cover their side. Not having renters insurance is a risk. You need an HO-4 policy to cover your personal property within the rental unit.
Expect to pay an average of $242.36 for renters insurance in La Junta. Rather than paying too much for your premium, try to go for a less costly rate. There are plenty of companies that charge less than average for a renters insurance. A bit of research could save you hundreds of dollars a year.
Here are a few companies that charge below-average rates for renters insurance in La Junta:
- IDS – $227
- Homesite – $185
- Alliance – $152
List of Companies & Rates for HO-4 Coverage in La Junta, CO
|Farmers Insurance Exchange||$150.00|
|Colorado Farm Bureau||$183.00|
|Foremost Grand Rapids, Michigan||$255.00|
|American Bankers Florida||$300.00|
|Twin City Fire||$346.00|
|American Family Home||$417.00|
La Junta is a smaller urban city. The city’s population of 6,896 people is slowly declining. On top of that, its average rent is $795, and the average cost of a home hits $42,466. The cost of living is very low, but around 25% of the population lives in poverty.
This may bring about good housing opportunities for opportunistic homeowners. If you have higher income and are able to commute to better areas, then La Junta may be a cheap place to live.
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.