Idaho Springs, CO Homeowners Insurance Rate Quotes!
Idaho Springs, CO homeowners are looking online to find new ways to compare home insurance rates and explore the best coverage options. At GetHomeInsuranceQuotes.com, we enjoy providing excellent customer service to homeowners that are in need of great coverage for their home in Idaho Springs. We understand that you don't have a lot of time to review every home insurance carrier available in Colorado that can provide an affordable rate. That's our job!
Shop rates now as low as $972 per year!
Our online service works with you and helps you compare multiple coverage options and it only takes a few minutes for you to complete our easy to use online home insurance quoting application. Since 2009, our focus has been to put the needs and the customers of Idaho Springs first. We have been able to service thousands of homeowners in the great state of Colorado. We can generate up to 12 quotes and our consulting service is free so you can use our knowledge and expertise to pick the best rate and coverage package for you. Sometimes the cheapest CO home insurance rate is not the best protection for your home and family. And our Colorado licensed home insurance professionals are here to help you find the protection you need at a competitive price.
For quick home insurance quotes in Idaho Springs, CO, please enter your zip code. The process only takes 1 minute to complete. Start your home insurance comparison today or give us a call now at 855-976-2656!
Idaho Springs, CO (CLEAR CREEK County) Information
Did you know there are 1,717 residents living within the Idaho Springs area, which is roughly 1,491 households per zip code with 3 people per household. The average household income is $58,339, which is slightly above then the national average. Homes are more expensive in the Idaho Springs area with the average house value to be around $282,400.
- Population: 1,717
- Total Occupied Households: 828
- Family Households (families): 438
- Average Owner Occupied Household Size: 2.18
- Average Family Size: 2.71
- Total Housing Units: 934
Idaho Springs, CO Home Insurance Resources
Below are some additional resources to help you understand your homeowners insurance coverage for your home located in Idaho Springs, CO.
- What is the average Idaho Springs, CO home insurance premium? $1,222.00 per year
- What does home insurance cost in Idaho Springs on avereage per month? $102.00 / mo.
- What does homeowners insurance cost in Idaho Springs for a $300,000 house? $972.00 per year (with discounts applied)
- What's the national average in the United States for homeowners insurance? $1,311.00 per year
The average home insurance rate for Idaho Springs displayed above is an accumlative average based on a standard homeowners insurance policy. We can help you compare up to 12 competitive rates and review all the discounts and credits that may apply to help you save up to 40% or more.
Compare Homeowners Insurance Rates in Idaho Springs, CO!
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Average Rates Nearby Idaho Springs
Are you looking for homeowners insurance in a city near Idaho Springs? 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 Idaho Springs, CO
Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Idaho Springs.
Idaho Springs, CO Home Insurance Average Premiums
$972 /yr.
For the city of Idaho Springs, 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) | $972 /yr. |
| Average Coverage: | $1222 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $1522 /yr. |
What is the average home insurance cost for a home in Idaho Springs, CO?
- • The average homeowners insurance premium paid annually for a home in Idaho Springs is around $1222 per year.
What does it cost on average per month for home insurance in Idaho Springs, CO?
- • Homeowners in Idaho Springs pay an average cost per month around $102.00 for insurance coverage.
Idaho Springs, CO - 2023 Housing Information
| Month | Current Home Value (2023) | Last Year Home Value (2022) |
|---|---|---|
| January | $520,720 | $467,418 |
| February | $518,926 | $479,691 |
| March | $516,425 | $495,534 |
| April | $513,371 | $508,141 |
Homeowners insurance will help cover the cost to repair or replace your Idaho Springs 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 Idaho Springs
- 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.
Get up to 12 competitive Idaho Springs, CO homeowners insurance rates all in one place! |
Saving Money Tips on Idaho Springs Home Insurance
A great way to save money on Idaho Springs 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 Idaho Springs 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 |
|---|---|---|
| 10259 ft. | This is the average home elevation in Idaho Springs, 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 Idaho Springs, 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 Clear Creek 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 […]
Idaho Springs, CO Dwelling Coverage Estimate
It is important to calculate your dwelling coverage for your home in Idaho Springs 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 Idaho Springs, CO?
- The average square footage in Idaho Springs is around 1,086 Sq. Ft. which would cost you around $282,400 to replace the home if you base the home on the price to build per square foot of $260.
Minimum Replacement Cost Total: $282,400
Location: Idaho Springs, Colorado (Clear Creek County)
Average Building Cost Per Square Foot in Idaho Springs: $260 (low end)
Average Square Footage in Idaho Springs: 1,086 Sq. Ft.
| Home Improvement Status | Price per Sq. Ft. | Dwelling Coverage |
|---|---|---|
| None or Very Minor Improvements | $260 | $282,400 |
| Some Additional Upgrades | $325 | $353,000 |
| Major Home Updates or Advancements | $390 | $423,600 |
The dwelling coverage is calculated by the average cost per square foot ($260) in Idaho Springs, 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 $812,500 (Media price to build of $325 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.