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:
- Encompass – $1,614
- American Family (AmFam) – $1,598
- Grange Insurance – $1,105
- American Reliable – $753
List of Companies & Rates for HO-3 Coverage in Trinidad, CO
| Company | Annual Premium |
|---|---|
| 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 |
| Average | $1896.45 |
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
| Company | Annual Premium |
|---|---|
| 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 |
| Average | $441.81 |
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:
- American Family – $248
- Acuity – $221
- American Strategic – $212
- ANPAC – $176
List of Companies & Rates for HO-4 Coverage in Trinidad, CO
| Company | Annual Premium |
|---|---|
| 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 |
| Average | $261.67 |
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.
