Franktown, CO Home Insurance Quotes!
Did you know that shopping online for lower home insurance rates in Franktown, CO just got easier! At GetHomeInsuranceQuotes.com, we provide superior service when it comes to handling your insurance needs. We can shop the highly trusted carriers who have been in business for several decades and offer a branded household name that you can depend on and most of all trust. The best rates in your area are around $1,047 per year on average. Our licensed Franktown insurance consultants are here to help you compare multiple options and our professional service allows us to answer the questions that you need to get the right coverage at the most affordable price. We provide the best rates from up to 12 different insurance carriers that are all highly rated by A.M Best and we shop the policy with you so you know which Franktown homeowners insurance package is best for you. Start your quote today by entering your zip code!
Franktown Demographics & Housing Facts
| Source | Value |
|---|---|
| Location: | Franktown, CO (DOUGLAS County) |
| Population: | 3,942 |
| Occupied Residents: | 1,522 |
| Average Real Estate Value Per Zip Code: | $642,500 |
The city of Franktown in Colorado is roughly around 3,942 residents in population size with 1,522 homes to be estimated within the city of Franktown. The average house value per zip code in Franktown, CO is $642,500. Understanding the market value of your home and which carrier is best suitable for you in terms of coverage and affordability is our job. Let our local experience of the Franktown home insurance market earn your business. Easily get quotes from us for free!
Homeowners Insurance in Franktown, CO
When our local Franktown agents discuss homeowners insurance with new customers, we work with them to clearly explain the additional ways for you to save time and money by discovering lower rates that are available to you. Our online shopping service for your home located in Franktown can save you hours of confusion and stress. It's important to understand that coverage to replace your home is key, so the right replacement cost matters due to the fluctuation of building cost in your area. Even existing customers in Franktown are increasing their coverage to make sure no surprises will fall on them if a major issue occurs. Residents of Franktown, CO can get cheaper rates around the $1,047 rate per year. On average, we are helping most customers in the $1,297 per year or the $108 per month range. Cheaper is not always better. For larger homes in Franktown, above the 3,000 square foot range, we are seeing rates much higher in the $1,597 per year because it will cost more to replace the home so a more expensive dwelling coverage is required to help protect the homeowner.
The average rates mentioned above for a standard homeowners insurance policy within the state of Colorado includes the coverage of your home, your contents, loss of use, medical payments and homeowner liability coverage. We always explain the policy details to you and help you understand that if your home is in need of additional coverage because the area in which your home is located requires flood insurance then our agents will help you setup a flood insurance policy. This is one of the many policy details our agents will recognize when you request an online Franktown, CO homeowners insurance quote from us.
For additional help, please visit our homeowners insurance blog for helpful articles, tips and customer related questions.
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Average Rates Nearby Franktown
Are you looking for homeowners insurance in a city near Franktown? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!
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Home Insurance Rates by Zipcode in Franktown, CO
Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Franktown.
Franktown, CO Home Insurance Average Premiums
$1047 /yr.
For the city of Franktown, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.
| Coverage Amount: | Annual Premium |
|---|---|
| 1800 sq. ft. or below (discounts applied) | $1047 /yr. |
| Average Coverage: | $1297 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $1597 /yr. |
What is the average home insurance cost for a home in Franktown, CO?
- • The average homeowners insurance premium paid annually for a home in Franktown is around $1297 per year.
What does it cost on average per month for home insurance in Franktown, CO?
- • Homeowners in Franktown pay an average cost per month around $108.00 for insurance coverage.
Franktown, CO - 2023 Housing Information
| Month | Current Home Value (2023) | Last Year Home Value (2022) |
|---|---|---|
| January | $1,042,179 | $1,009,369 |
| February | $1,035,205 | $1,028,577 |
| March | $1,030,938 | $1,051,846 |
| April | $1,031,978 | $1,074,655 |
Homeowners insurance will help cover the cost to repair or replace your Franktown home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:
- Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Franktown
- Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
- Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
- Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
- Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.
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Saving Money Tips on Franktown Home Insurance
A great way to save money on Franktown homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:
- Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
- Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
- Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
- Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.
Are you shopping for the best rate near or wihin the Franktown area? Check out what homeowners are paying on average for Colorado homeowners insurance.
Elevation Review for Coastal Wind or Flooding Risk
| Elevation | Details | Homeowners Tips |
|---|---|---|
| 6609 ft. | This is the average home elevation in Franktown, CO | Did you know that the elevation in which your home resides is crucial to a home insurance policy because it determines the risk factor related to your home being in a flood zone. It is important to understand that your home is not covered for floods under a standard homeowners policy. You will need to speak with a local Colorado flood insurance agent about a flood insurance policy, please give us a call now at 888-620-1954. |
To get online quotes on your home and compare rates on home insurance premiums in Franktown, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Douglas County.
Colorado Homeowners Insurance News & Information
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Texas is Seeing Major Increases in the Cost of Homeowners Insurance Posted on Tuesday 7th May, 2024
Like much of the rest of the country, Texas is seeing major increases in the cost of homeowners insurance. According to an article in Austin American-Stateman, residents of Texas have seen their insurance rates go up 50.9% on average which is the largest increase in the country for that time period. Unfortunately, experts are predicting […]
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Homeowners Below a 580 Credit Score Pay 35% More for Home Insurance Posted on Monday 15th April, 2024
While the odds of a major disaster hitting a specific home is the same regardless of whether the owner has a great credit score or one that puts them in a subprime category, their credit score will impact their rate in many states. In most states, insurers are allowed to consider credit scores when setting […]
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The Best Way to Check the Financial Strength of Home Insurance Companies Posted on Wednesday 3rd April, 2024
If you are switching insurance companies, you should always check the financial strength of any insurer you are seriously considering. While an affordable premium is always a plus, if your insurance company cannot afford to pay when you file a claim, the savings will certainly not be worth it. A.M. Best is a credit rating […]
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Florida’s Broward Commissioner is Asking Congress to Lower Insurance Rates Posted on Monday 1st April, 2024
A bill in the U.S. House called the Natural Disaster Reinsurance Plan, hopes to lower insurance costs for policyholders in states that opt-in to the program which will scale back the requirements regarding the amount of reinsurance that insurance companies need to purchase. Currently, a Broward commissioner is asking Congress to pass legislation he claims […]
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North Carolina Coastal Home Insurance Rates Posted on Friday 29th March, 2024
North Carolina is a fantastic place to live with plenty of cultural activities, beautiful beaches, world-class cities as well as great restaurants and shopping. The only disadvantage to living in North Carolina, particularly if your home is located in coastal area is the cost of homeowners insurance. The average premium for a standard homeowners insurance […]
Franktown, CO Dwelling Coverage Estimate
It is important to calculate your dwelling coverage for your home in Franktown so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.
Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.
What is the average replacement cost coverage in Franktown, CO?
- The average square footage in Franktown is around 1,397 Sq. Ft. which would cost you around $642,500 to replace the home if you base the home on the price to build per square foot of $460.
Minimum Replacement Cost Total: $642,500
Location: Franktown, Colorado (Douglas County)
Average Building Cost Per Square Foot in Franktown: $460 (low end)
Average Square Footage in Franktown: 1,397 Sq. Ft.
| Home Improvement Status | Price per Sq. Ft. | Dwelling Coverage |
|---|---|---|
| None or Very Minor Improvements | $460 | $642,500 |
| Some Additional Upgrades | $575 | $803,125 |
| Major Home Updates or Advancements | $690 | $963,750 |
The dwelling coverage is calculated by the average cost per square foot ($460) in Franktown, Colorado times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $1,437,500 (Media price to build of $575 x 2500 sq. ft.) to cover the cost to rebuild your new home.
What is the difference between actual cash value and replacement cost value?
Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:
Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.
Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.