New Raymer, CO Home Insurance Quotes!

It's not uncommon to hear that homeowners living in New Raymer are paying too much for homeowners insurance. At GetHomeInsuranceQuotes.com, we can help you reduce your annual home insurance cost! Did you know that the average Colorado homeowner is paying round $1,667 per year? Let us help you shop multiple rates and consider every home insurance discount available to help you get better coverage for a lower price. New Raymer homeowners that shop with us can see annual premiums for homeowners insurance for an HO-3 policy as low as $1,019 per year.

New Raymer Demographics

In the town of New Raymer Colorado, roughly 450 are living in families that average 3 in size. There are 102 housing units in the city of New Raymer, but currently only of them are occupied.

One of the things that makes living in New Raymer fabulous is the fact that most households are earning roughly $53,750, which is the average household income in our area. House prices are also extremely affordable in our little slice of paradise with the average home being priced around $137,500.

Very Affordable Homeowners Insurance in New Raymer

Within New Raymer, we are very lucky to offer extremely affordable homeowners insurance rates and coverage options. The average premium for homeowners insurance in New Raymer, CO is around $1,019 per year. Homeowners living in homes in the 2,000 square foot range are paying around $1269 for a standard HO-3 policy. Larger homes with more replacement cost coverage because they are larger in heated square footage and cost more to replace are paying around $1569 per year. Request quotes online now or Call us now for free quotes: 855-976-2656! We look forward to working with you!

What are the different policy types for homes in New Raymer?

There are a number of different homeowners insurance policy types for homeowners living in New Raymer. Each different policy type is designed especially for a certain kind of home. This will give you a great overview of the different types of policies that are available: HO-3: The most common type of homeowners insurance being sold in New Raymer is the HO-3 policy. This is the policy that most people purchase for their home. It will protect you if your home is damaged by any peril, except ones that are specifically excluded by the policy details. All HO-3 policies exclude flooding and earthquake damage, other exclusions usually apply so read the policy carefully. HO-4: This policy was designed with renters in mind. It covers all of the personal property that you have in your apartment, it also offers liability coverage to protect you if someone is injured in your apartment. Liability protection will cover the cost of a person's medical bills if they are injured in your apartment. If they decide to sue you, this coverage will pay for the cost of your legal defense as well as any settlements or judgments that come out of the lawsuit. HO-5: This is an upgrade from the HO-3 policy and tends to offer more comprehensive coverage but it also costs more. These policies are usually available on newer, more upscale houses.

The big difference is that your personal property is covered from all perils except those excluded in the policy while an HO-3 only covers personal property against the perils named in the policy. It also offers replacement cost coverage as standard while an HO-3 will usually have fair market value as standard coverage.

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Average Rates Nearby New Raymer

Are you looking for homeowners insurance in a city near New Raymer? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!

Home Insurance Rates by Zipcode in New Raymer, CO

Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in New Raymer.

80742,     

New Raymer, CO Home Insurance Average Premiums

$1019 /yr.

For the city of New Raymer, 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.

What is the average home insurance cost for a home in New Raymer, CO?

What does it cost on average per month for home insurance in New Raymer, CO?

New Raymer, CO - 2023 Housing Information

Homeowners insurance will help cover the cost to repair or replace your New Raymer 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:

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Saving Money Tips on New Raymer Home Insurance

A great way to save money on New Raymer 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:

Are you shopping for the best rate near or wihin the New Raymer area? Check out what homeowners are paying on average for Colorado homeowners insurance.

Elevation Review for Coastal Wind or Flooding Risk

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 New Raymer, 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 Weld County.

Colorado Homeowners Insurance News & Information

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 […]

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 […]

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 […]

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 […]

Making renovations to your home can have a major impact on your insurance coverages as your risk profile changes. Adding square footage, putting in a swimming pool, outbuilding or upgrading your electrical may change the value of your home which could leave your underinsured.  Major upgrades such as adding square footage to your home or […]

New Raymer, CO Dwelling Coverage Estimate

It is important to calculate your dwelling coverage for your home in New Raymer 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 New Raymer, CO?

- The average square footage in New Raymer is around 529 Sq. Ft. which would cost you around $137,500 to replace the home if you base the home on the price to build per square foot of $260.

Minimum Replacement Cost Total: $137,500

Location: New Raymer, Colorado (Weld County)

Average Building Cost Per Square Foot in New Raymer: $260 (low end)

Average Square Footage in New Raymer: 529 Sq. Ft.

The dwelling coverage is calculated by the average cost per square foot ($260) in New Raymer, 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.

New Raymer, CO Home Insurance Quotes!

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