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Home Insurance In Trinidad, CO: Companies & Premiums

Home Insurance In Trinidad, CO: Companies & Premiums

Home Insurance In Trinidad, CO: Companies & Premiums

To purchase a home, you need the proper type of insurance. There are multiple types of policies depending on where and how you live. For personal and private property, you need an HO-3 policy. This covers your assets and medical liabilities for as far as your property goes.

Trinidad, Colorado Homeowners Insurance

The average cost of an HO-3 premium in Trinidad, Colorado is $1,896.45. The cost is a bit above average, but it is not too expensive compared to other cities in Colorado. If you need a cheaper premium, then shopping around is the best way to go. There are plenty of ways to find cheaper rates.

Check out these cheaper-than-average rates for an HO-3 premium:

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

CompanyAnnual Premium
Average$1896.45
AIG$664
American Reliable$753
IDS$947
American Securit$1,013
United Fire$1,055
Grange Insurance$1,105
Economy Premier Assurance$1,180
Mountain Valley$1,210
Armed Forces$1,234
Pharmacists Mutual$1,261
The Cincinnati Insurance$1,289
ANPAC$1,296
QBE Insurance$1,319
American Strategic$1,326
Colorado Farm Bureau$1,392
ANGIC$1,501
Horace Mann$1,562
Alliance$1,573
Standard Guaranty$1,590
American Family$1,598
Praetorian Insurance$1,612
Encompass$1,614
Stillwater$1,644
Great Northern$1,680
Safeco$1,747
360 Insurance$1,768
Vigilant Insurance$1,770
CENTRAL MUTUAL$1,782
Shelter$1,791
Farmers$1,792
Homesite$1,845
Federal Insurance$1,860
Pacific Indemnity$1,860
Metropolitan Direct$1,868
SECURA Supreme$1,917
USAA Casualty$1,920
COUNTRY Mutual$1,967
California Casualty$1,994
Teachers Insurance$2,003
National Casualty$2,009
National Farmers$2,028
Horace Mann Property$2,051
CSAA$2,055
Farmers Insurance Exchange$2,087
Acuity$2,094
Amica$2,120
United Services$2,131
SECURA$2,164
Garrison$2,276
USAA General$2,285
Trumbull Insurance$2,297
Foremost Grand Rapids, Michigan$2,322
Hartford Fire$2,387
State Farm$2,424
Twin City Fire$2,470
Hartford Accident$2,499
Metropolitan Property$2,554
Liberty Insurance$2,769
Owners Insurance$2,780
Allstate$2,803
LM Insurance$2,914
Electric Insurance$3,211
Auto-Owners$3,549
Esurance$3,792

Trinidad, Colorado Condo Insurance

An HO-6 premium applies to a shared property. If you share property or a building with others, then an HO-6 premium covers the cost of your assets and any medical liabilities. Those who live in a condominium or a cooperative home want to buy an HO-6 premium.

The average cost of an HO-6 premium in Colorado is $441.81. This is a decent price for HO-6 insurance, but there are cheaper options. If you need cheaper condo insurance for lower-income, then try any of these insurance companies:

  • Grange Insurance – $202
  • Allstate – $173
  • SECURA Supreme – $110

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

CompanyAnnual Premium
Average$441.81
SECURA Supreme$110.00
SECURA$145.00
Allstate$173.00
360 Insurance$201.00
Grange Insurance$202.00
Economy Premier$204.00
Mountain Valley$225.00
Metropolitan Direct$233.00
United Fire$233.00
Colorado Farm Bureau$236.00
Metropolitan Property$238.00
National Farmers$242.00
California Casualty$257.00
Farmers Insurance Exchange$266.00
ANPAC$282.00
Farmers$285.00
Shelter$293.00
Encompass$297.00
Foremost Grand Rapids, Michigan$310.00
Horace Mann$317.00
ANGIC$318.00
Acuity$336.00
CENTRAL MUTUAL$349.00
Safeco$349.00
State Farm$352.00
Electric Insurance$385.00
American Family$393.00
Great Northern$394.00
American Strategic$408.00
Vigilant Insurance$414.00
Trumbull Insurance$421.00
Hartford Fire$429.00
Federal Insurance$432.00
Pacific Indemnity$432.00
Hartford Accident$447.00
Twin City$450.00
COUNTRY$453.00
Auto-Owners$459.00
Owners Insurance$459.00
Teachers Insurance$473.00
Armed Forces$478.00
USAA General$513.00
Liberty Insurance$526.00
Amica$546.00
LM Insurance$554.00
National Casualty$566.00
The Cincinnati Insurance$612.00
CSAA$623.00
Stillwater$623.00
Homesite$686.00
AIG$724.00
Pharmacists Mutual$725.00
USAA Casualty$769.00
United Services$781.00
Garrison$820.00
IDS$853.00
American Bankers of Florida$915.00
Praetorian Insurance$1,409.00

Trinidad, Colorado Renters Insurance

Some people prefer to rent rather than buy. There is a special type of insurance for renters called an HO-4 premium. This is typically the cheapest type of home coverage. An HO-4 is meant to cover all of the renter’s assets in the event of an accident.

The average cost of an HO-4 in Trinidad, Colorado is $261.67. This is a normal average and what you should typically expect to pay. If you need cheaper coverage, then there are a few options. 

Check out cheaper renters insurance below:

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

CompanyAnnual Premium
Average$261.67
Economy Premier$110.00
State Farm$125.00
360 Insurance$134.00
California Casualty$135.00
National Farmers$146.00
Grange Insurance$148.00
Farmers Insurance Exchange$150.00
Alliance$152.00
Allstate$166.00
Mountain Valley$171.00
ANPAC$176.00
Stillwater$178.00
Colorado Farm Bureau$183.00
Homesite$185.00
SECURA Supreme$188.00
Farmers$189.00
Metropolitan Direct$199.00
ANGIC$200.00
American Strategic$212.00
Markel American$216.00
Acuity$221.00
Great Northern$225.00
SECURA$227.00
Aspen American$228.00
IDS$229.00
Shelter$234.00
Vigilant Insurance$234.00
Auto-Owners$238.00
Owners Insurance$238.00
American Modern$239.00
Amica$242.00
Federal Insurance$243.00
Pacific$243.00
CENTRAL MUTUAL$245.00
American Family$248.00
Praetorian Insurance$251.00
Safeco$253.00
Century-National$254.00
Foremost Grand Rapids, Michigan$255.00
CSAA$258.00
Trumbull Insurance$261.00
Metropolitan Property$264.00
Hartford Fire$265.00
Hartford Accident$276.00
Twin City$277.00
Teachers Insurance$280.00
First American$281.00
Electric Insurance$282.00
Horace Mann$292.00
United Fire$293.00
American Bankers of Florida$300.00
COUNTRY Mutual$307.00
USAA General$349.00
Garrison$362.00
USAA$362.00
National Casualty$365.00
Pharmacists Mutual$366.00
Encompass$385.00
United Services$393.00
Liberty Insurance$403.00
American Family$417.00
LM Insurance$423.00
The Cincinnati Insurance$662.00
AIG$714.00

Census

The population in Trinidad, Colorado is on a slow decline. The difficult cost of living and a median household income of $39,068 makes the overall living situation difficult. Around 74% of residents work within the city. This means that there are quite a few jobs to choose from, but they may not be enough to put you above the cost of living.

The population is more diverse with over 54% of residents being Hispanic. Around 3.1% of the population is American Indian, and over 1% of the population is a mixed race. 

The average of the population is middle aged, around 42 years old. The city may attract fewer younger people because of the lower income. CO homeowners insurance should be enough to cover your assets in the event of an emergency. This keeps you from losing your valuables in the event of a serious accident.

The crime in Trinidad hit a peak in 2016. It is on a slow decline, but the crime rate is still pretty high. The population is slightly dense, so it may be difficult to avoid crime. Go for homeowners insurance that covers theft, robberies, and vandalism.

Source

This data was collected from https://www.colorado.gov/dora/division-insurance. Keep in mind that percentages and prices are subject to change over time. To provide you the best and most up-to-date information, be sure to visit the site. 

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