How much is homeowners insurance in Denver,NY

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In Denver, homeowners pay an average annual rate of $1,621 for a coverage level that includes $300,000 for dwelling, $100,000 for liability protection, and a $1,000 deductible, according to Insure.com’s rate analysis. This is $883 less than the national average of $2,504.

Homeowners insurance premiums can vary significantly from one property to another. In Denver, the cost of home insurance is influenced by several factors, including:

Size of your home
Age of your home
Amount of coverage required
Location
Your credit score

It’s crucial to compare quotes from multiple insurers to ensure you get the best homeowners insurance policy. This allows you to find the coverage that meets your specific needs.

Read this guide to discover the monthly homeowners insurance cost in Denver, explore the insurance costs for different dwelling coverage, and find out which companies offer affordable home insurance in Denver.

Key takeaways

Homeowners insurance costs $1,621 per year in Denver.
At $795 per year, American Family offers the cheapest homeowners insurance in Denver.
Your home insurance rates increase by $423 more annually if you increase your dwelling coverage from $200,000 to $300,000.

How much is homeowners insurance in Denver per month

Denver homeowners pay an average of $135 a month, based on our rate analysis. It’s $13 less than the state average of $148 and $74 less than the national average for home insurance across the United States. The price of your homeowners insurance policy in Denver may vary depending on where you live, the value of your home, and the coverage you choose.

How much is homeowners insurance for a $200,000 house in Denver

The average cost of homeowners insurance in Denver, NY is $1,198 annually for the dwelling coverage of $200,000 and the liability protection of $100,000. The amount you pay for home insurance each year depends on many different things. The types of natural disasters or events that take place in your area affect how much you pay for coverage in your city.

Some areas are more at risk for natural disasters, like flood, hurricanes, or tornadoes. This means that if something happens, the cost of rebuilding would be higher in those areas, thereby leading to higher insurance premiums. Your insurance policy might not cover damage caused by floods or hurricanes. So, if you live in a flood-prone area, consider buying flood insurance coverage.

How much is homeowners insurance for a $300,000 house in Denver

Based on a rate analysis conducted by Insure.com, Denver residents pay an average of $1,621 per year to insure a home for coverage limits of $300,000 dwelling, $100,000 liability with a $1,000 deductible. If you plan to increase your dwelling coverage from $200,000 to $300,000, you must pay an additional $423 per year for home insurance.

Buying adequate insurance to cover the entire expense of rebuilding your home is best advisable. However, the amount of dwelling coverage you need may vary depending on your home’s size, amenities, and the cost of living in your area.

How much is homeowners insurance in Denver by company

Among the carriers analyzed, American Family is the most affordable homeowners insurance company in Denver. It’s average annual rate for homeowners in Denver is $795.

NYCM Insurance, ranks second and State Farm makes it to the third spot with an average annual home insurance rate of $1,340.

Research on the company is essential before selecting a homeowners insurance policy. Insure.com has thoroughly examined all insurance companies operating in Denver and compiled a list of the most affordable home insurance companies.

Below are details of Denver home insurance companies and their average annual premiums.

Home insurance company	Annual rate
American Family	$795
NYCM Insurance	$1,063
State Farm	$1,340
AIG	$1,364
Nationwide	$1,385
Travelers	$1,448
Heritage Insurance Holdings	$1,520
Chubb Ltd	$1,626
Allstate	$1,776
Farmers	$2,843

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Denver for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.