Pueblo Homeowners Insurance

Your Complete Guide to Pueblo, CO Homeowners Insurance

Find the right homeowners insurance policy for you.

Pueblo, Colorado is home to more than 106,000 people. It is the ninth largest city in Colorado. Residents of Pueblo enjoy a moderate climate and a very low cost of living, making it very attractive to own a home in the city. But while housing, goods and services, utilities, and transportation may cost less in Pueblo than in many other cities, the high crime rate can be a problem for homeowners. 

No matter where you live in Pueblo, you need to protect your investment in your home with a reliable home insurance policy. When you are shopping for Pueblo homeowners insurance, ask a local independent insurance agent for help. 

Cost of Homeowners Insurance in Pueblo, CO

Colorado is the 9th most expensive state for home insurance in the US. The average cost of homeowners coverage in Pueblo is quite a bit lower than the national average, probably because Pueblo residential real estate is some of the least expensive in Colorado.

  • National average yearly premium: $1,173
  • Colorado average yearly premium: $1,383
  • Pueblo average yearly premium: $697

Your homeowners insurance premiums may vary from the average cost in your city. That’s because rates are determined according to your unique home and coverage needs. Insurance companies calculate individual home insurance rates based on:

  • The age, size, value, and building materials of your home
  • Whether the property is your primary residence or a second home
  • The type of home you are insuring (detached single-family house, townhouse or condo, mobile home, etc.)
  • The crime rate and weather hazards in your city or ZIP code
  • Your claims history and credit score
  • The amount of coverage and deductible that you choose

Many policyholders qualify for discounts if they bundle multiple insurance policies with the same insurance company. Consider bundling your car insurance or life insurance with your home insurance in order to get the best rates. 

Burglary Rate in Pueblo, CO

The burglary rate in Pueblo is much higher than the national average and the average for the state of Colorado. If the burglary rate is elevated in your ZIP code, you can expect to pay more than average for your Pueblo homeowners insurance.

  • Number of burglaries per 1,000 homes in the US: 4.69
  • Number of burglaries per 1,000 homes in Colorado: 4.31
  • Number of burglaries per 1,000 homes in Pueblo: 16.34

It’s important for Pueblo homeowners to protect their homes from burglaries, break-ins, and vandalism. And if you experience a burglary in your home, a reliable homeowners insurance policy can help you get back on your feet quickly. Home insurance helps you pay for damage to your home, as well as repairing or replacing stolen or damaged possessions. Consider installing a home security system, too. Not only are burglar alarms the best deterrents for thieves, but having one may also earn you a discount on your Pueblo homeowners policy.

Catastrophic Events in Colorado

Pueblo residents enjoy a semi-arid desert climate, with moderate temperatures and minimal precipitation, even in winter when much of Colorado receives a great deal of snow. But that doesn’t mean disasters can’t happen, and when disaster strikes you need homeowners insurance to help you get back on your feet. 

  • Number of declared disasters in Colorado: 83
  • Most common reasons for disasters in the state: Fires and Floods
  • Average number of tornadoes per year in Colorado: 49.5
  • Average amount of property damage per year in Colorado: $1,745,328,000
  • 1 in 15 insured homes has a claim each year

The most common causes of property damage in Colorado are fires and floods. While your homeowners insurance will cover fire damage, you need separate flood insurance to reimburse you for any damage caused by flooding. Ask an independent insurance agent about flood insurance. If you need coverage, flood insurance can be purchased from the National Flood Insurance Program (NFIP) with the help of your local agent. 

Liability Insurance for Pueblo Homeowners

Homeowners insurance provides policyholders with liability insurance. It is designed to cover you for claims of negligence and lawsuits that you may face as a property owner. If your dog bites a neighbor or a guest trips in your home and is injured, you will probably be expected to pay for medical bills or other expenses related to the incident. What’s more, these types of incidents often lead to lawsuits. 

Your liability insurance pays for the injured party’s medical expenses, as well as court costs, attorney fees, and any settlements or judgments that you have to pay. If you have liability risks beyond what your home insurance policy can cover, talk to an independent insurance agent about how an umbrella policy can supplement your other coverage and offer extensive protection of your assets if you are sued.

Second Home and Vacation Home Insurance

From skiing to river rafting, hunting, and hiking, Colorado has abundant recreational opportunities for residents and tourists. Many residents take advantage of the state’s attractions by owning second homes, vacation homes, or rental properties. Houses that do not serve as primary residences have additional risk factors that may make a traditional homeowners insurance policy insufficient. 

Special policies like landlord insurance for rental properties and vacant home insurance for unoccupied or seasonal homes offer better protection. But because of the varied and increased risks of second homes, this coverage may actually cost more than the coverage for your primary residence. If you are a Pueblo resident who owns a second home or a vacation home, a local independent agent can help you find the customized coverage you need. 

Why Work with an Independent Insurance Agent?

Independent insurance agents are available to help you with your personal insurance needs. A local agent can answer questions about coverage, get competitive quotes, and help you make an educated choice for the policy that meets your needs and budget.  

Contact an agent in Pueblo to learn more. 

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http://www.naic.org/prod_serv/AUT-PB-14.pdf
https://www.census.gov
http://www.city-data.com