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.
Table of Contents
- 1 Trinidad, Colorado Homeowners Insurance
- 2 List of Companies & Rates for HO-3 Coverage in Trinidad, CO
- 3 Trinidad, Colorado Condo Insurance
- 4 List of Companies & Rates for HO-6 Coverage in Trinidad, CO
- 5 Trinidad, Colorado Renters Insurance
- 6 List of Companies & Rates for HO-4 Coverage in Trinidad, CO
- 7 Census
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
|Economy Premier Assurance||$1,180|
|The Cincinnati Insurance||$1,289|
|Colorado Farm Bureau||$1,392|
|Horace Mann Property||$2,051|
|Farmers Insurance Exchange||$2,087|
|Foremost Grand Rapids, Michigan||$2,322|
|Twin City Fire||$2,470|
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
|Colorado Farm Bureau||$236.00|
|Farmers Insurance Exchange||$266.00|
|Foremost Grand Rapids, Michigan||$310.00|
|The Cincinnati Insurance||$612.00|
|American Bankers of Florida||$915.00|
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
|Farmers Insurance Exchange||$150.00|
|Colorado Farm Bureau||$183.00|
|Foremost Grand Rapids, Michigan||$255.00|
|American Bankers of Florida||$300.00|
|The Cincinnati Insurance||$662.00|
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.
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.