Lakewood ,CO Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Lakewood, CO homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Lakewood, CO is $2028. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Lakewood, CO. VHome Insurance will help you navigate the world of homeowners insurance coverages in Lakewood, CO.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $811 |
| $200,000 | $1,379 |
| $300,000 | $1,704 |
| $400,000 | $2,596 |
| $500,000 | $3,265 |
Home insurance costs in Lakewood can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.
| Zipcode | Average Insurance Premium |
|---|---|
| 080215 | $2,729 |
| 80228 | $2,709 |
| 80226 | $2,668 |
| 80232 | $2,654 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Lakewood, CO, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $2,079 |
| $1000 Deductible | $1,860 |
| $1500 Deductible | $1,754 |
| $2500 Deductible | $1,582 |
| $5000 Deductible | $1,338 |
| Home Insurance Company Near Lakewood, CO | Homeowners Insurance Agency Near Lakewood, CO | Address |
|---|---|---|
| Farmers | Melissa Cohen | 3004 Folsom St, Boulder, CO, 80304 |
| Liberty Mutual Independent | School Ins Agency Llc | 6767 S SPRUCE ST STE 145, CENTENNIAL, CO, 80112 |
| Travelers | Squires Insurance Services Llc | 11471 DARK STAR WAY, PARKER, CO, 80138 |
| Farmers | Stacey Downen | 6635 S Dayton St Ste 340, Greenwood Village, CO, 80111 |
| NA | David Rohweder Agency | 8925 Greenspointe Ln Hghlnds Ranch, Littleton, CO, 80130 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| East Pleasant View CDP, Colorado | $112 | $149 | $224 |
| Northeast Jefferson CCD, Jefferson County, Colorado | $111 | $147 | $221 |
| West Pleasant View CDP, Colorado | $109 | $145 | $218 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Lakewood, CO | 4.6% | 16.7% |
| Northeast Jefferson | 4.35% | 16.88% |
| West Pleasant View | 5.1% | 16.04% |
| Applewood | 3.8% | 14.36% |
| Lakewood Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| $300 to $499 | 933 | 3.0% | $1247 |
| $500 to $749 | 5,031 | 19.0% | $1922 |
| $750 to $999 | 8,471 | 33.0% | $2672 |
| $1,000 to $1,499 | 8,051 | 31.0% | $3797 |
| $1,500 or more | 2,421 | 9.0% | $5447 |
| Streets in Lakewood Area | Homeowners Insurance Cost |
|---|---|
| W Cedar Dr, S Otis St, W New Mexico Ave, Union Blvd, S Urban St, W Wesley Cir, S Simms Ct, W Baltic Ave, Morningside Dr, S Braun Ct | $899 |
| W 11th Dr, W Colorado Ln, W Grant Ranch Blvd, S Kline Cir, S Urban Dr, 26th Ave, Lupine Ct, W Archer Dr, Lee Ln, W Arlington Dr | $957 |
| W 23rd Cir, W Swarthmore Dr, W Louisiana Pl, S Ingalls Ct, S Swadley St, W Radcliffe Pl, W 20th Pl, W Utah Ave, W Auburn Ave, Pike St | $882 |
| Denver West Ct, Glen Bar Dr, Denver West Blvd, Willow Ln, W 32nd Pl, S Swadley St, W Tufts Ave, S Vancouver Ct, Newcombe Dr, Kilmer St | $928 |
| Darlee Ct, W Dartmouth Ave, W Arlington Way, W 28th Pl, Applewood Dr, S Vivian Way, W Yale Pl, S Braun Ct, W Exposition Pl, W Security Ave | $880 |
| S Loveland Ct, Denver West-Marriott Blvd, W 12th Ln, Bayaud Ct, E St, S Zinnia Way, Joyce Way, W 30th Dr, S Braun Ct, W Prentice Ave | $939 |
| W Grand Ave, W Hialeah Pl, W New Mexico Pl, W Brandt Dr, Red Rocks Business Dr, W Texas Ave, Turkey Creek Rd, Ellis Way, W Wesley Dr, W Maple Pl | $922 |
| Rooney Rd, W 7th Pl, W Layton Dr, S Coors Dr, Co Rd 116, S Ellis Ct, W Calahan Ave, W 13th Pl, Cornell Pl, Lakewood Pl | $923 |
| W Wesley Ct, W Florida Pl, S Fig St, W Cedar Pl, S Manor Ln, Rosewood Dr, W Dorado Pl, W Brandt Ave, Park Ln, S Depew Dr | $924 |
| W Glen Moor Pkwy, S Youngfield Pl, Nile St, W Bear Creek Dr, W Iliff Dr, W Maple Dr, Pikeview St, W Hampden Svc Rd, W Quincy Dr, Broadview Dr | $886 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Lakewood | $132 to $135 |
| East Pleasant View | $134 |
| Northeast Jefferson | $133 |
| West Pleasant View | $130 |
| Structure Type | Deductible | Company | Premium |
|---|---|---|---|
| Masonry | $500 | Electric Insurance Company | $2,337 |
| Frame | $500 | Esurance Insurance Company | $1,340 |
| Masonry | $500 | Farmers Alliance Mutual Insurance Company | $1,166 |
| Frame | $500 | Farmers Insurance Exchange | $3,267 |
| Masonry | $500 | Farmers Insurance Exchange | $2,683 |
| Frame | $500 | Mountain Valley Indemnity Company | $983 |
| Masonry | $500 | Secura Ins A Mut Co | $1,558 |
| Masonry | $500 | Trumbull Insurance Company | $1,754 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,600 | $2,600 |
| Yearly Lakewood Homeowner Insurance Premium Example | $700 | $500 |
| Out of Pocket Expense During Claim | $1,600 | $2,600 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $7,200 | $6,600 |
| Net Savings to Lakewood Home Owner from High Deductible Plan | $600 | |
| Scenario | Lakewood, CO Home Replacement Value MORE than Home Value | Lakewood, CO Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $273,500 | $206,500 |
| Insurance Premium based on Replacement Value | $1,275 | $975 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $42,000 | Risk Exposure from Under Insuring Coverage is $25,000 |
| Premium Impact | Insurance cheaper by $100/year | Insurance costlier by $200/year |
| Insurance Company | American Family Insurance | State Farm | Amica Mutual Insurance Company |
| Monthly Premium | 48 | 70 | 85 |
| Year Built | 1974 | 2008 | 1961 |
| Home Details | 4 Beds, 1 Baths | 3 Beds, 1 Baths | 5 Beds, 4 Baths |
| Coverage Amount | $175000-$200000 | $200000-$250000 | $250000-$300000 |
| Deductible | $2500-$5000 Deductible | $5000 to $10,000 Deductible | $2500-$5000 Deductible |