Finding Colorado homeowner’s insurance quotes can be a daunting task, but it is absolutely necessary in order to find the best rates and get the best coverage based on your needs. The needs of every homeowner are different, so CO homeowners will inevitably have different insurance quotes than homeowners in other states. But, you have to shop around in order to find the best prices and quotes for CO homeowner’s insurance. Learn how to save yourself time and money when trying to find homeowner’s insurance quotes in Colorado by remembering these simple tips.
Find Colorado Homeowner’s Insurance Quotes From Many Sources
The easiest thing to remember when shopping around for Colorado homeowner’s insurance quotes is to leave no stone unturned. The more you compare, the more likely you are to find the lowest quote with just the right amount of coverage for your needs. Your premium will be determined by where in Colorado you live and what kind of coverage you need.
Basic coverage for a home in Denver yields very different quotes from company to company. For instance, The United Services Auto Association’s yearly premium for a home in Denver is only $757.00 but if you were to go to Country Mutual Insurance Company your premium would be $1573.00. Keep in mind that these are quotes given by each company for the following limits:
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Dwelling Replacement Cost:
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$200,000.00
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Deductible:
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$250.00
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Contents Replacement:
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$160,000.00
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Personal Liability:
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$100,000.00
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Medical Expenses:
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$1,000.00
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Not only are these limits taken into consideration in the overall cost of the premium but so is the idea that the structure insured is at least 10 years old, has smoke detectors, is within five miles of a fire station and 1,000 feet of a fire hydrant. With all this in consideration, it’s easy to see why it is so important to shop around for CO homeowner’s insurance quotes.
The cost of the same amount of coverage can vary greatly from company to company. That’s why it is so important to speak directly with as many customer service representatives or agents as you can and make a list of how much Colorado homeowners insurance quotes are per company.
How To Save Money When Looking For Colorado Homeowner’s Insurance Quotes
Now that you know to get as many quotes as possible to save money, you also need to know how to get the most for your money when getting your Colorado homeowners insurance quotes. The key to finding the lowest homeowner’s insurance quotes in CO is finding out exactly how much coverage you need for your home.
Colorado homeowners should have around 80% of the replacement costs of their home. The great thing about replacement cost coverage is that there is no reduction for any depreciation to the home and any losses are usually settled for the full cost of replacement of repair. However, this can also be costly so in order to save money follow these tips:
- Ask For A High Deductible: Simply put, the higher the deductible, the lower your annual premium will be. Don’t overextend yourself, though. Only take the highest deductible that you can afford. Usually, $250 is the standard deductible for most Colorado homeowners, so if you can afford more than that, the higher deductible will lower your premium.
- Ask For Discounts: When speaking to customer service associates about your CO homeowner’s insurance quote, don’t forget to ask about discounts. This is one of the best ways to save money and it’s as easy as having a smoke alarm or a security alarm installed. These small investments can save a considerable amount of money on your quotes.
- Shop Around: As you learned before, one of the best ways to save money on your homeowner’s insurance quotes in Colorado is to compare multiple companies for the best deals. Not all companies insure at the same rates so don’t pick the first company you call. Do your research and find the lowest quote that fits your coverage needs.
Insurance Companies Offering Colorado Homeowner’s Insurance Quotes
- Alliance Insurance
- Allstate
- Great Northern
- Liberty Mutual
- Nationwide
- State Farm
Compare Colorado Homeowner’s Insurance Quotes Now!
Now that you have all the tools you need in finding the lowest homeowner’s insurance in CO, you’re ready to start comparing!
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