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Home Insurance In Steamboat Springs, CO: Companies & Premiums

Home Insurance In Steamboat Springs, CO: Companies & Premiums

Home Insurance In Steamboat Springs, CO: Companies & Premiums
Silver Spur neighborhood in Steamboat Springs, CO. Source: Colorado Group Realty

The Steamboat Springs average for HO-3 insurance is on the lower side. HO-3 homeowners insurance applies to private homeowners with personal assets in their home. With an average of $1,140.64 for HO-3 insurance, Steamboat Springs is a good place for private owners to get insurance.

Steamboat Springs, CO Homeowners Insurance

Though the average is on the cheaper side, there are still cheaper options. Take your assets into consideration and the amount of coverage needed. Once you find your total, go for the cheapest premium possible.

Browse the cheaper options here:

  • Pharmacists Mutual – $983
  • Safeco – $788
  • American Reliable – $430

List of Companies & Rates for HO-3 Coverage in Steamboat Springs, CO

CompanyAnnual Premium
Average$1140.64
Grange Insurance$423
American Reliable$430
Economy Premier Assurance$518
United Fire & Cas Co$534
Alliance$573
ANPAC$619
Encompass$686
Farmers$692
Horace Mann$694
AIG$696
360 Insurance$702
Colorado Farm Bureau$711
ANGIC$712
Mountain Valley$735
National Farmers$769
QBE Insurance$782
Safeco$788
American Strategic$802
Teachers Insurance$813
Metropolitan Direct$859
IDS$861
American Security$896
Horace Mann Property & Casualty$911
Metropolitan Property and Casualty$912
American Family$920
State Farm$935
Armed Forces Insurance$951
Pharmacists Mutual$983
SECURA Supreme$1,003
Praetorian Insurance$1,011
Allstate$1,022
Acuity$1,045
Farmers Insurance Exchange$1,052
Stillwater$1,059
California Casualty$1,062
Trumbull Insurance$1,066
Homesite$1,093
Shelter$1,095
Esurance$1,098
Hartford Fire$1,104
SECURA$1,139
Twin City Fire$1,140
Hartford Accident$1,152
Amica$1,238
Great Northern$1,286
The Cincinnati Insurance$1,321
Standard Guaranty$1,346
Vigilant Insurance$1,353
USAA Casualty$1,398
Electric Insurance$1,404
Federal Insurance$1,418
Pacific Indemnity$1,418
COUNTRY$1,504
National Casualty$1,538
CENTRAL MUTUAL$1,541
United Services$1,541
USAA Genera$1,550
Foremost Grand Rapids, Michigan$1,589
Liberty Insurance$1,607
CSAA$1,614
LM Insurance$1,691
Owners Insurance$1,981
Auto-Owners$2,436
Garrison$5,179

Steamboat Springs, CO Condo Insurance

An HO-6 premium applies to condominiums and shared buildings. This is an incredibly important type of insurance. Not only do you have to rely on yourself to prevent an accident, but you have to rely on others as well. Sharing a building with others increases the risk of an accident. 

An HO-6 premium runs for a cheaper rate as well. The average cost of an HO-6 premium is $418.81. The HO-6 option is a little pricier, but there are plenty of affordable options for low-income families. 

Take a look at some of them here:

  • Metropolitan – $213
  • Economy Premier Assurance – $161
  • SECURA Supreme – $94

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

CompanyCondominium Policy Premiums (HO-6)
Average$418.81
SECURA Supreme$94.00
SECURA$126.00
Economy Premier Assurance$161.00
360 Insurance$173.00
ANPAC$202.00
Metropolitan$213.00
State Farm$218.00
Metropolitan Direct$220.00
ANGIC$228.00
National Farmers$228.00
United Fire & Cas Co$228.00
Colorado Farm Bureau$239.00
Mountain Valley$239.00
Grange Insurance$240.00
Allstate$251.00
Acuity$255.00
California Casualty$268.00
Encompass Indemnity$283.00
Foremost Grand Rapids, Michigan$310.00
Farmers Insurance Exchange$317.00
Shelter$318.00
Trumbull Insurance$328.00
Hartford Fire$334.00
Horace Mann$336.00
Farmers$342.00
Hartford Accident$348.00
CENTRAL MUTUAL$349.00
Twin City Fire$349.00
American Strategic$376.00
Electric Insurance$381.00
American Family$384.00
COUNTRY Mutual$384.00
Great Northern$394.00
Vigilant Insurance$413.00
Federal Insurance$435.00
Pacific Indemnity$435.00
Armed Forces$449.00
National Casualty$457.00
Auto-Owners$459.00
Owners Insurance$459.00
Safeco$459.00
USAA General$501.00
Teachers Insurance$519.00
Amica Mutual$521.00
CSAA$569.00
Liberty Insurance$602.00
LM Insurance$633.00
AIG$650.00
The Cincinnati Insurance$655.00
Stillwater$658.00
American Bankers Insurance Company of Florida$686.00
USAA Casualty$741.00
United Services$767.00
Homesite$770.00
Garrison$792.00
Praetorian Insurance$799.00
IDS$869.00
Pharmacists Mutual$877.00

Steamboat Springs, CO Renters Insurance

An HO-4 premium applies to renters. Renters insurance is important to cover the landlord and the renter. This is the cheapest type of premium because the renter’s assets do not include the property owned by the landlord. Instead, renters insurance covers accidents and the renter’s own property.

Steamboat Springs’ insurance rates tend to run cheaper than the rest of Colorado. For an HO-4, the average cost is $225.95. Quite a few premiums fit under the average rate in Steamboat Springs. Depending on your family’s income, you can combine the top coverage and affordability.

Take a look at the lower rates for renters insurance in Steamboat Springs:

  • Farmers – $201
  • Stillwater – $166
  • Economy Premier Assurance – $86

List of Companies & Rates for HO-4 Coverage in Steamboat Springs, CO

CompanyAnnual Premium
Average$225.95
Economy Premier Assurance$86
360 Insurance$115
ANPAC$127
National Farmers$134
Praetorian Insurance$135
ANGIC$143
SECURA Supreme$145
California Casualty$146
State Farm$146
Alliance$162
Allstate Indemnity$166
Stillwater$166
SECURA$180
Farmers Insurance Exchange$181
Mountain Valley$182
Acuity$184
Colorado Farm Bureau$187
Metropolitan Direct$187
Grange Insurance$191
American Strategic$197
Farmers$201
IDS$203
Trumbull Insurance$208
Homesite$210
Hartford Fire$212
American Family$213
Markel American$216
Hartford Accident$219
Twin City Fire$220
CSAA$227
Aspen American$228
CENTRAL MUTUAL$228
Metropolitan$236
Auto-Owners$238
Owners Insurance$238
American Modern$239
Amica$242
Safeco$253
Century-National$254
Great Northern$254
Shelter$254
Foremost Grand Rapids, Michigan$255
United Fire & Cas Co$255
Electric Insurance$263
Vigilant Insurance$264
Horace Mann$275
Federal Insurance$276
Pacific Indemnity$276
Teachers Insurance$280
First American$281
COUNTRY Mutual$293
National Casualty$299
American Bankers$300
USAA General$349
Garrison$363
USAA Casualty$363
Encompass$367
United Services$393
American Family$417
Pharmacists Mutual$444
Liberty Insurance$460
LM Insurance$483
AIG$694
The Cincinnati Insurance$729

Tips for Purchasing a Policy

Steamboat Springs has a small population of 12,965, but it is rapidly growing. The median household income exceeds the Colorado average of $69,117. In Steamboat Springs, the median household income is $80,017. 

Housing is significantly pricier than the Colorado average at $577,287. The price of houses grew significantly by the year with the median being $264,000 in the year 2000. Also, crime has been on a downslope since the year 2000, and only 10% of the population lives in poverty. 

If you are going to purchase a home in Steamboat Springs, the cheapest option is a mobile home. Detached homes reach a mean of $945,376. A richer population lives in the city, so it is recommended to have the income to sustain yourself. Rent in Steamboat Springs is also significantly high, reaching a mean of $1,374.

The majority of the population is urban and pricier. However, there are some rural options for living in Steamboat Springs. Living in a rural area is a good way to save money on housing, so if you are in the lower-income sector, housing further from the city is a good option.

Source

The data for these prices and numbers were collected from https://www.colorado.gov/dora/division-insurance. The prices at the time of writing the article may vary, depending on multiple factors. 

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