Most HO-3 insurance premiums in Colorado are on the higher side. This still applies to Sterling, Colorado. The average cost of an HO-3 premium is $2,314.70.
Table of Contents
- 1 Sterling, CO Homeowners Insurance
- 2 List of Companies & Rates for HO-3 Coverage in Sterling, CO
- 3 Sterling, CO Condo Insurance
- 4 List of Companies & Rates for HO-6 Coverage in Sterling, CO
- 5 Sterling, CO Renters Insurance
- 6 List of Companies & Rates for HO-4 Coverage in Sterling, CO
- 7 Tips for Purchasing Coverage
Sterling, CO Homeowners Insurance
If your family is on the lower-income side, then there are a few cheaper options. Depending on the coverage you need, you can get much cheaper rates.
Check the following insurance companies for cheaper-than-average rates:
- Colorado Farm Bureau Mutual – $1,954
- United Fire & Gas Co – $1,055
- Pharmacists Mutual – $1,261
- AIG – $775
List of Companies & Rates for HO-3 Coverage in Sterling, CO
|United Fire & Cas Co||$1,055|
|Economy Premier Assurance||$1,236|
|The Cincinnati Insurance||$1,756|
|Colorado Farm Bureau||$1,954|
|Foremost Grand Rapids, Michigan||$2,322|
|Twin City Fire||$3,593|
|Farmers Insurance Exchange||$4,470|
Sterling, CO Condo Insurance
An HO-6 premium is a cheaper option for homeowners. If the homeowner lives in a condominium or cooperative housing, then they are eligible for an HO-6 premium. In Sterling, Colorado, the average cost of an HO-6 insurance premium is $456.84.
There are tons of options for HO-6 coverage in Sterling. If you need a cheaper premium, then a little research gets you a good rate. These cheaper premiums may still cover your assets and save you money. Do not go for one premium right off the bat. Shop around, and make an informed decision.
Take a look at these cheaper options for lower-income families:
- Hartford Fire – $366
- National Farmers – $297
- Metropolitan – $238
- Economy Premier Assurance – $200
List of Companies & Rates for HO-6 Coverage in Sterling, CO
|Economy Premier Assurance||$200|
|United Fire & Cas Co||$233|
|Colorado Farm Bureau||$236|
|Foremost Grand Rapids, Michigan||$310|
|Twin City Fire||$384|
|Armed Forces Insurance Exchange||$478|
|The Cincinnati Insurance||$692|
|American Bankers of Florida||$915|
Sterling, CO Renters Insurance
Some people choose to rent rather than have a home. An HO-4 premium is meant to protect your assets on another person’s property. The cost of the premium should be enough to cover those assets. The average cost of HO-4 renters insurance is $234.55.
Typically, the cost of renters insurance is going to be cheaper than home insurance in Colorado, but there are even cheaper options. If you need a cheaper rate, there are plenty of options. Some options go for as low as $15 per month. Browse some of the cheaper HO-4 options below:
- IDS – $195
- ANPAC – $176
- Allstate Indemnity – $166
- Economy Premier Assurance – $108
List of Companies & Rates for HO-4 Coverage in Sterling, CO
|Economy Premier Assurance||$108|
|Farmers Insurance Exchange||$159|
|Colorado Farm Bureau||$183|
|Twin City Fire||$240|
|Foremost Grand Rapids, Michigan||$255|
|American Bankers of Florida||$300|
Tips for Purchasing Coverage
The population in Sterling, Colorado is rapidly growing. Since 2000, the city’s population has grown by 22%, and the majority of the population is in their low 30’s. Younger people seem attracted to the urban, rapidly growing city. The median household income is below the Colorado average, and the value of a condo is half that of the Colorado average.
The median gross rent in Sterling, Colorado is $823. This is a cheaper rate compared to bigger cities. If you are a young person, you may prefer to live in Sterling, Colorado because of the easier means of living. Keep in mind that 20% of the population lives in poverty, so somewhere along the lines, it is likely difficult to live in Sterling without a solid job.
Crime in Sterling, Colorado is on the rise. This means that it is especially important to protect your assets with homeowners insurance. Go for a premium that covers vandalism and theft, and protect yourself with extra security measures. If worse comes to worst, go for a premium that pays for your medical bills and liabilities.
Source: The information for these premiums and percentages was collected from https://www.colorado.gov/dora/division-insurance. At the time of writing, all prices and percentages were accurate. However, these things are subject to change over time. Be sure to double-check before making a decision.