Parker ,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 Parker, 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 Parker, CO is $2085. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Parker, CO. VHome Insurance will help you navigate the world of homeowners insurance coverages in Parker, CO.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $834 |
| $200,000 | $1,418 |
| $300,000 | $1,751 |
| $400,000 | $2,669 |
| $500,000 | $3,357 |
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 Parker, CO, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $2,138 |
| $1000 Deductible | $1,912 |
| $1500 Deductible | $1,804 |
| $2500 Deductible | $1,626 |
| $5000 Deductible | $1,376 |
| Home Insurance Company Near Parker, CO | Homeowners Insurance Agency Near Parker, CO | Address |
|---|---|---|
| State Farm | Stan Kellogg | 15434 E Orchard Rd, Centennial, CO, 80016-3005 |
| Farmers | Steve Jarvis | 10841 Crossroads Dr Ste 102, Parker, CO, 80134 |
| Farmers | Damon Shankling | 4297 Austin Bluffs Pkwy Ste 200, Colorado Springs, CO, 80918 |
| State Farm | Dave Powell | 2625 N Union Blvd, Colorado Spgs, CO, 80909-1143 |
| Farmers | Dennis Howell | 2821 S Parker Rd Ph 25, Aurora, CO, 80014 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Franktown CDP, Colorado | $137 | $182 | $273 |
| The Pinery CDP, Colorado | $138 | $184 | $276 |
| Castle Rock town, Colorado | $134 | $179 | $269 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Parker, CO | 3.6% | 13.6% |
| Franktown | 3.37% | 16.49% |
| The Pinery | 3.13% | 12.16% |
| Castle Rock | 3.56% | 15.38% |
| Parker Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 73 | 1.0% | $336 |
| $500 to $749 | 381 | 6.0% | $1911 |
| $750 to $999 | 1,471 | 24.0% | $2661 |
| $1,000 to $1,499 | 2,293 | 37.0% | $3786 |
| $1,500 or more | 1,811 | 29.0% | $5436 |
| Streets in Parker Area | Homeowners Insurance Cost |
|---|---|
| Jones Rd, Chiquita Pl, E Sussex Ct, Cornish Pl, High Desert Rd, S Jordan Rd, Crestwood Ct, Northbrook Ave, N Donner Ct, Melborne Ct | $888 |
| Saranac Way, E Basswood Ln, Canterberry Pkwy, E Richlawn Ln, E Piute Row, E York Ave, N Templin Ln, E Brownstone Dr, Needles Ln, Dove Ridge Way | $930 |
| Nuthatch Rd, Dunrich Rd, Autumn Oak Rd, S Trailmaster Cir, Martingale Ln, Gigi St, Territorial St, E Thunderbird Cir, Anton Ct, Maple Rock Ct | $958 |
| Carefree Trl, N Thunderhill Rd, Thomaston Cir, Sulfur Ct, Allendale Ave, S Arcaro Creek Ct, Blue Sage Ln, Stanhope Rd, Oldfield St, Meadow Green Cir | $926 |
| N Cardinal Dr, Hope Dale Ave, Colony Loop, Knobcone Dr, Lexington Way, Diamond Ridge Pkwy, E Valley Hi Dr, S Crazy Horse Ct, Longford Dr, Hidden Pines Ct | $935 |
| N Windfield, N Cantrell Ct, Warbonnet Trl, SE Cherry Creek Rd, Hastings Ct, Chambers Rd, Saddleback Dr, Clandan Ct, Crow Hill Dr, Dransfeldt Rd | $924 |
| Sunset Dr, E Oak Creek Pl, N Village Rd, Grey Squirrel Way, E Wiley Pl, Arroyo Verde Ct, Peridot Ct, S Evans Way, Conestoga Pl, Pine Top St | $1,006 |
| Bridle Path Ln, E Smith Rd, Glenmoor Ct, S Crowberry Ln, Peru Creek Ave, S Cedar Gulch Cir, Clarke Farms Dr, E Stallion Dr, Angie Ct, Summit Ridge Pl | $890 |
| E Horseshoe Cir, E Althea Cir, Arroyo Verde Way, Branston Way, E Pinewood Dr, S Carson Ct, Leesburg Rd, Ashcroft Ave, Betts Ranch Rd, Burning Ridge Dr | $933 |
| Oakmoor Ct, Switzer Park Ln, Warriors Mark Rd, E Prescott Ave, Lodes Star Way, Sunrise Trl, Stratton Ave, E Lark Dr, Tamarron Dr, Grand Mesa Ln | $916 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Parker | $136 to $138 |
| Franktown | $137 |
| The Pinery | $138 |
| Castle Rock | $134 |
| Structure Type | Deductible | Company | Premium |
|---|---|---|---|
| Frame | $500 | American Family Insurance Company | $1,605 |
| Masonry | $500 | Electric Insurance Company | $2,337 |
| Frame | $500 | Owners Insurance Company | $1,815 |
| Masonry | $500 | Pacific Indemnity Company | $1,815 |
| Masonry | $500 | Privilege Underwriters Reciprocal Exchange | $655 |
| Masonry | $500 | Standard Guaranty Insurance Company | $1,814 |
| Frame | $500 | Travelers Commercial Insurance Company | $1,565 |
| Masonry | $500 | Trumbull Insurance Company | $1,754 |
| Masonry | $500 | Usaa General Indemnity Company | $1,493 |
| Frame | $500 | United Fire & Cas Co | $1,239 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,000 | $2,000 |
| Yearly Parker Homeowner Insurance Premium Example | $2,100 | $1,600 |
| Out of Pocket Expense During Claim | $1,000 | $2,000 |
| Total Home Insurance Premium for 3 years + Out of Pocket Expense for Claim | $7,300 | $6,800 |
| Net Savings to Parker Home Owner from High Deductible Plan | $500 | |
| Scenario | Parker, CO Home Replacement Value MORE than Home Value | Parker, CO Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $340,000 | $242,500 |
| Insurance Premium based on Replacement Value | $2,000 | $1,425 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $36,000 | Risk Exposure from Under Insuring Coverage is $61,500 |
| Premium Impact | Insurance cheaper by $350/year | Insurance costlier by $225/year |
| Insurance Company | Nationwide Insurance | Farmers Insurance | Amica Mutual Insurance Company |
| Monthly Premium | 112 | 153 | 255 |
| Year Built | 2007 | 1995 | 2010 |
| Home Details | 3 Beds, 1 Baths | 4 Beds, 2 Baths | 5 Beds, 1 Baths |
| Coverage Amount | $300000-$350000 | $400000-$500000 | $700000-$800000 |
| Deductible | $1000-$2500 Deductible | $1000-$2500 Deductible | $500- $1000 Deductible |