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Home Insurance In Westminster, CO: Companies & Premiums

Home Insurance In Westminster, CO: Companies & Premiums

Home Insurance In Westminster, CO: Companies & Premiums

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:

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

CompanyAnnual Premium
Average$1894.17
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

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:

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

CompanyAnnual Premium
Average$463.28
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

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:

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

CompanyAnnual Premium
Average$270.47
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

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.

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