What You Need to Know About Home Insurance in Aurora, Colorado

The average cost of homeowners insurance in Aurora ranges from $1139 to $3,145 per year, depending on the value of your home and the level of coverage you choose. However, the median value of homes in Aurora is $475,042, which means that many homeowners will pay more than the average for their insurance. Property taxes in Aurora are also relatively high, with the average tax bill coming to $1,546 per year for a home with a median value of $232,300.

Home Insurance Is a Necessity for All Homeowners in Aurora, CO

While the cost of homeowners insurance in Aurora may seem like a lot, it is important to remember that this coverage is essential for all homeowners. Your home is likely your most valuable asset, and without insurance, you would be responsible for paying for any damage or repairs out of your own pocket. In the event of a natural disaster or other catastrophic events, your home insurance policy would help to protect you from financial ruin.



There are a few things that you can do to help keep your Aurora homeowners insurance costs down, though. One of the most important is ensuring your home is as safe and secure as possible. This means investing in things like smoke detectors, security systems, and deadbolts. The safer your home is, the lower your insurance premiums will be. You should also consider raising your deductible. This will mean you have to pay more out of pocket if something happens, but it will also lower your monthly payments.

There Are Different Types of Home Insurance Policies Available in Aurora, CO

When you are shopping for homeowners’ insurance in Aurora, you will likely come across a few different policy types. The most common are:



• HO-1: This is the most basic type of homeowners insurance, and it covers your home against named perils, including fire, wind damage, theft, and vandalism.
• HO-2: Also known as broad coverage, this policy type expands on the coverage offered by an HO-1 policy by adding additional named perils. These often include things like smoke damage, freezing, and the weight of snow or ice.
• HO-3: This is the most common type of homeowners insurance available, and it covers your home against all perils except those specifically excluded in your policy.
• HO-4 insurance: HO-4 insurance is also known as renters insurance. It covers renters' belongings against perils such as fire, smoke, theft, and water damage. 
• HO-5: HO-5 insurance is the most comprehensive type of home insurance. It covers all perils except those specifically excluded in the policy and offers higher limits for certain types of coverage, such as jewelry and art. 
• HO-6 insurance: HO-6 insurance is also known as condo insurance. It covers the belongings of condo owners against perils such as fire, smoke, theft, and water damage. 
• HO-7: HO-7 insurance is also known as mobile home insurance. It covers mobile homes against perils such as fire, smoke, theft, and water damage. 
• HO-8: HO-8 insurance is also known as older home insurance. It covers older homes against fire, smoke, theft, and water damage. An old home is any home that is 40 years old or older. These homes usually don't have the same type of building code protections as newer homes and often don't qualify for a standard homeowners insurance policy.
• DP3 insurance: DP3 insurance is also known as a special form policy. It covers non-primary residences such as vacant homes, seasonal homes, and rental properties against perils such as fire, smoke, theft, and water damage.

No matter what type of home you have or your budget, Aurora has a homeowners insurance policy that is right for you. Make sure to compare rates and coverage options from multiple insurers before making your decision.

You Need to Review Your Policy Annually and Update It as Needed

Your Aurora homeowners insurance policy is a contract between you and your insurance company. It's important that you review it regularly to make sure that it still meets your needs. You should also update your policy as your needs change. If you make any changes to your home, such as adding an addition or installing a new roof, you need to let your insurance company know so that they can adjust your coverage accordingly.



If you have any questions about your homeowners' insurance policy or if you need to file a claim, your insurance company will be happy to help. In the meantime, make sure you keep your policy up to date and review it regularly.

Make Sure You Have the Right Amount of Coverage for Your Needs 

The amount of coverage you need for your Aurora home insurance policy depends on a number of factors, including the value of your home, the amount of personal belongings you have, and your risk tolerance. That said, most experts recommend that you carry at least $100,000 in coverage for your dwelling and $300,000 in liability coverage. You may also want to consider adding flood or earthquake coverage to your policy if you live in an area that is prone to these natural disasters.

Aurora Homeowners Insurance Quotes

When you are ready to start shopping for homeowners’ insurance in Aurora, it is important to get quotes from multiple insurers. This will help you to compare rates and find the best policy for your needs. It is also a good idea to work with an independent insurance agent who can help you to compare quotes from multiple insurers and find the best coverage for your needs.



We are a trusted local resource for Aurora homeowners’ insurance quotes. We work with various insurers in the area and can help you find the best coverage for your needs. Our easy-to-use Aurora home insurance calculator will help you to compare rates and find the best policy for your needs. Get started today and get the peace of mind that comes with knowing you are properly insured.