Westminster, Colorado has HO-3 premiums for around an average cost. An HO-3 premium is meant to protect personal property in the event of an accident. It should cover personal liability, medical coverage, and any accidents within the home. Having visitors is a liability, and it is best to go for HO-3 insurance in case of any unexpected events.
Westminster, Colorado Homeowners Insurance
The average cost of HO-3 homeowners insurance in Westminster is $1,894.17. This is a little above the general average and a costly option for homeowners. Lower-income homeowners have other options. Cheaper insurance rates exist for the purpose of saving and covering a smaller amount of assets.
Check out cheaper insurance rates here:
- Safeco – $1,731
- QBE Insurance – $1,286
- AIG – $744
List of Companies & Rates for HO-3 Coverage in Westminster, CO
| Company | Annual Premium |
|---|---|
| AIG | $744 |
| American Reliable | $753 |
| Grange Insurance | $885 |
| United Fire | $945 |
| Economy Premie | $996 |
| American Security | $1,013 |
| 360 Insurance | $1,089 |
| Pharmacists Mutual | $1,218 |
| Mountain Valley | $1,219 |
| Armed Forces | $1,244 |
| QBE Insurance | $1,286 |
| Horace Mann | $1,304 |
| IDS | $1,450 |
| Encompass | $1,483 |
| Alliance | $1,522 |
| American Family | $1,535 |
| Praetorian | $1,588 |
| Standard Guaranty | $1,590 |
| The Cincinnati Insurance | $1,612 |
| Teachers Insurance | $1,628 |
| Horace Mann | $1,683 |
| American Strategic | $1,695 |
| Safeco | $1,731 |
| Farmers | $1,735 |
| Colorado Farm Bureau | $1,744 |
| USAA Casualty | $1,805 |
| Stillwater | $1,818 |
| Trumbull Insurance | $1,846 |
| Great Northern | $1,866 |
| Hartford Fire | $1,917 |
| National Casualty | $1,944 |
| Homesite | $1,963 |
| Vigilant Insurance | $1,966 |
| Foremost Grand Rapids, Michigan | $1,972 |
| United Services | $1,976 |
| Twin City | $1,983 |
| CSAA | $1,986 |
| Esurance | $1,994 |
| Hartford Accident | $2,006 |
| Shelter | $2,006 |
| Allstate | $2,012 |
| California Casualty | $2,014 |
| State Farm | $2,050 |
| Garrison | $2,068 |
| USAA | $2,068 |
| Federal Insurance | $2,069 |
| Pacific | $2,069 |
| SECURA Supreme | $2,078 |
| MetLife | $2,187 |
| National Farmers | $2,257 |
| COUNTRY Mutual | $2,261 |
| ANPAC | $2,299 |
| CENTRAL MUTUAL | $2,317 |
| SECURA | $2,345 |
| Owners Insurance | $2,506 |
| Liberty Insurance | $2,529 |
| Acuity | $2,537 |
| Amica | $2,655 |
| LM Insurance | $2,662 |
| ANGIC | $2,667 |
| MetLife | $2,873 |
| Auto-Owners | $3,217 |
| Electric Insurance | $3,274 |
| Farmers Insurance Exchange | $3,473 |
| Average | $1894.17 |
Westminster Condo Insurance
Purchasing HO-6 insurance depends on your place of living. If you live on shared property, such as a condominium or shared housing, then you need HO-6 insurance. Covering your assets in the event of an accident is very important. Not only do you have to rely on yourself to not cause an accident, but you have to rely on everyone else to keep from causing an accident too.
The average cost of an HO-6 insurance premium in Westminster is $463.28. This is an affordable option for most homeowners, but others may need a cheaper rate. If your assets do not equal as much as the average, then you can go for a cheaper premium. Lower-income households can save money on a cheaper premium while still covering their assets.
Browse some of the cheaper insurance options for an HO-6 premium here:
- American Family (AmFam) – $346
- Shelter – $293
- Allstate – $279
- MetLife – $266
List of Companies & Rates for HO-6 Coverage in Westminster, CO
| Company | Annual Premium |
|---|---|
| SECURA Supreme | $144 |
| SECURA | $183 |
| 360 Insurance | $201 |
| Grange Insurance | $209 |
| Mountain Valley | $215 |
| Economy Premier | $218 |
| United | $233 |
| Colorado Farm Bureau | $236 |
| MetLife | $266 |
| Allstate | $279 |
| National Farmers | $288 |
| Encompass | $290 |
| MetLife | $293 |
| Shelter | $293 |
| ANPAC | $297 |
| California Casualty | $297 |
| Foremost Grand Rapids, Michigan | $310 |
| State Farm | $314 |
| Trumbull Insurance | $319 |
| Hartford Fire | $325 |
| Horace Mann | $326 |
| ANGIC | $335 |
| Hartford Accident | $338 |
| Twin City | $340 |
| American Family | $346 |
| Farmers Insurance Exchange | $348 |
| CENTRAL | $349 |
| Farmers | $351 |
| COUNTRY | $384 |
| Electric Insurance | $385 |
| Acuity | $390 |
| American Strategic | $428 |
| Safeco | $428 |
| Great Northern | $461 |
| Auto-Owners | $468 |
| Owners Insurance | $468 |
| Armed Forces | $472 |
| Vigilant Insurance | $480 |
| Federal Insurance | $504 |
| Pacific | $504 |
| Teachers Insurance | $514 |
| USAA General | $516 |
| National Casualty | $571 |
| Stillwater | $606 |
| Amica | $616 |
| CSAA | $623 |
| The Cincinnati Insurance | $630 |
| Homesite | $659 |
| Liberty Insurance | $735 |
| American Bankers of Florida | $743 |
| USAA Casualty | $761 |
| LM Insurance | $773 |
| United Services | $786 |
| Garrison | $806 |
| AIG | $821 |
| Pharmacists Mutual | $877 |
| IDS | $1,133 |
| Praetorian Insurance | $1,385 |
| Average | $463.28 |
Westminster Renters Insurance
Renter policy premiums are the cheapest option for covering the assets in your rental. HO-4 applies to your personal property within the rental, and it is good to have in case of an accident. If you are a renter, then you may be required to get insurance by your landlord. This protects you and your landlord in case of a serious accident on the rental property.
The average cost of an HO-4 in Westminster is $270.47. This is on the higher side for basic renters insurance. However, there are many premiums that hit well below the average. If you do not have many assets, then going for the cheapest possible premium may benefit your family.
Check out the cheaper coverage options here:
- Shelter – $234
- Aspen American – $228
- Hartford Accident – $214
- Homesite – $185
- Economy Premier – $117
List of Companies & Rates for HO-4 Coverage in Westminster, CO
| Company | Annual Premium |
|---|---|
| Economy Premier | $117 |
| State Farm | $125 |
| 360 Insurance | $134 |
| Mountain Valley | $155 |
| California Casualty | $156 |
| National Farmers | $156 |
| Alliance | $164 |
| Allstate | $166 |
| Grange Insurance | $168 |
| Praetorian Insurance | $181 |
| Colorado Farm Bureau | $183 |
| Homesite | $185 |
| ANPAC | $186 |
| Farmers Insurance Exchange | $194 |
| SECURA Supreme | $195 |
| Farmers | $203 |
| Trumbull Insurance | $203 |
| Hartford Fire | $207 |
| Safeco | $210 |
| ANGIC | $211 |
| Great Northern | $214 |
| Hartford Accident | $214 |
| Twin City | $215 |
| Markel American | $216 |
| Stillwater | $218 |
| Vigilant Insurance | $224 |
| Aspen American | $228 |
| American Family | $230 |
| Federal Insurance | $232 |
| Pacific | $232 |
| Shelter | $234 |
| SECURA | $236 |
| American Modern | $239 |
| CENTRAL | $239 |
| American Strategic | $241 |
| Auto-Owners | $242 |
| Owners Insurance | $242 |
| CSAA | $248 |
| MetLife | $249 |
| Acuity | $251 |
| Century-National | $254 |
| Foremost Grand Rapids, Michigan | $255 |
| Amica | $272 |
| First American | $281 |
| IDS | $281 |
| United Fire | $293 |
| MetLife | $295 |
| Horace Mann | $296 |
| American Bankers of Florida | $300 |
| Teachers Insurance | $305 |
| Electric Insurance | $309 |
| COUNTRY Mutual | $317 |
| USAA General | $330 |
| Garrison | $344 |
| USAA Casualty | $344 |
| National Casualty | $369 |
| United Services | $372 |
| Encompass | $374 |
| American Family | $417 |
| Pharmacists Mutual | $444 |
| Liberty Insurance | $561 |
| LM Insurance | $591 |
| The Cincinnati Insurance | $726 |
| AIG | $837 |
| Average | $270.47 |
Tips for Living
Westminster has a decently growing population. Since the year 2000, they had an 11% change in the population. As of 2017, Westminster has 112,812 residents. The majority of these residents are younger with the median age being 36 years old.
The estimated median household income and cost of living stick near the Colorado average. Expect the average household to make around $64,214. The median household value hits $341,200. Rent is higher than any other typical city. Renters should expect to pay an average of $1,370.
A big portion of the population works outside of the city. Over 13,000 people commute outside of the city for their jobs. This means that it may be harder to find a good paying job within the city, and it is probably best to have a car. Westminster has a few tourist attractions, so the city may be more focused on tourism than providing jobs. Keep this in mind before purchasing a home or renting in the area.
That being said, unemployment is declining in Westminster. It hit a peak in 2010, but it declines every year. As of 2019, unemployment is at one of its all-time lows.
Source
The source of these percentages and prices was taken from https://www.colorado.gov/dora/division-insurance. While we made sure to record accurate information, prices and percentages are always subject to change over time. For the most accurate information, be sure to visit the website before making any big decisions.
