The average cost of homeowners insurance in Limon, Colorado is $2,150.80. Typical HO-3 premiums protect private owners. Any connection to the policyholder’s personal dwelling is protected under HO-3 insurance.
Table of Contents
- 1 Limon, Colorado Homeowners Insurance
- 2 List of Companies & Rates for HO-3 Coverage in Limon, CO
- 3 Limon, Colorado Condo Insurance
- 4 List of Companies & Rates for HO-6 Coverage in Limon, CO
- 5 Limon, Colorado Renters Insurance
- 6 List of Companies & Rates for HO-4 Coverage in Limon, CO
- 7 Census
- 8 Tips for Buying Coverage
Limon, Colorado Homeowners Insurance
Limon’s cost of homeowners insurance is higher than the national average, but homeowners have a few options to save money. There are plenty of cheaper companies to choose from. Save money by getting a premium under the Limon average. The true cost depends on your preferences for homeowners insurance.
Here are the top 4 cheapest options:
- AIG – $697
- American Reliable – $753
- American Security – $1,013
- United Fire – $1,055
List of Companies & Rates for HO-3 Coverage in Limon, CO
|United Fire & Cas Co||$1,055|
|Economy Premier Assurance||$1,180|
|The Cincinnati Insurance||$1,189|
|Armed Forces Insurance Exchange||$1,244|
|Mountain Valley Indemnity||$1,741|
|Colorado Farm Bureau||$1,954|
|USAA General Indemnity||$2,674|
Limon, Colorado Condo Insurance
HO-6 insurance covers condominiums and co-ops. In Limon, Colorado, the average for HO-6 homeowners insurance is $462.40. This type of insurance protects casualty risks and assets. If your condominium were to become uninhabitable or injure a guest, you are protected under HO-6.
The average cost of HO-6 insurance is on the lower side. There are more expensive options for the most coverage, and there are incredibly cheap options for budget-conscious policyholders. By going for a cheaper premium, you can save money on cheaper coverage.
Take a look at some of these cheaper options:
List of Companies & Rates for HO-6 Coverage in Limon, CO
|Economy Premier Assurance||$204.00|
|Mountain Valley Indemnity||$204.00|
|United Fire & Cas Co||$233.00|
|Colorado Farm Bureau Mutual||$236.00|
|Metropolitan Property and Casualty||$253.00|
|Farmers Insurance Exchange||$281.00|
|Foremost Insurance Company Grand Rapids, Michigan||$310.00|
|The Cincinnati Insurance||$653.00|
|American Bankers Insurance Company of Florida||$915.00|
Limon, Colorado Renters Insurance
HO-4 insurance covers the renter’s personal property and any liability on the property. In Limon, Colorado, the average cost of renters insurance is $271.32. Renters insurance tends to stay within the range of the average, and the majority of the policies go for under $1,000.
Saving on an HO-4 insurance policy is easy with a bit of shopping. Tons of cheap options under the Limon average exist. Be sure that cheaper coverages include all of your major assets in case of an accident.
Read about some of the cheaper HO-4 premiums below:
List of Companies & Rates for HO-4 Coverage in Limon, CO
|Economy Premier Assurance||$110|
|Farmers Insurance Exchange||$168|
|Colorado Farm Bureau||$183|
|Foremost Insurance Company Grand Rapids, Michigan||$255|
|United Services Automobile Association||$393|
|The Cincinnati Insurance||$787|
Limon is a rural town based in Colorado. The population of 1,930 is mostly middle-aged residents. Because the population is so small, prices of premiums, household income, and other homeowner costs differ from Colorado’s median.
The median household income of $49,148 falls below Colorado’s median of $69,117. Condos in Limon, Colorado have a median price of $175,213.
Because 23.9% of Limon’s population lives in poverty, cheaper options are a priority. The population grows slowly, so this outlook is not expected to change anytime soon.
Tips for Buying Coverage
Insuring your home is an extensive process that takes time and money. Everyone could use a few tips to make buying homeowners insurance easier. Be sure to keep these things in mind while shopping for homeowners insurance in Limon.
- There is tons of tornado activity in Limon. The town is 19% above the national average for tornado touchdowns.
- Earthquakes are common in Limon. The town is below the Colorado average but above the national average by 39%.
- There is one major hospital in Limon, Prairie View NH. Two other hospitals are within a few miles of the town.
Be sure to account for natural disasters and medical bills before purchasing homeowners insurance. Because there are three hospitals in the area, there are not many options in terms of different health coverages.
Source: We collected these rates from https://www.colorado.gov/dora/division-insurance. Each of the prices may vary, depending on ever-changing rates.