Home Insurance in Aurora, Colorado: What You Need to Know
Aurora, located near Denver, offers slightly lower home insurance premiums while still facing similar risks like wildfires and snowstorms. Here’s a complete guide to home insurance in Aurora.
National vs. Aurora Home Insurance Costs
While the national average cost of home insurance is $1,400 per year, Aurora homeowners typically pay around $1,750 per year, which is lower than Denver but comparable to Colorado Springs.
Home Insurance Rates by Home Age in Aurora
Home Age
Average Annual Premium
0-10 years
$1,700
10-20 years
$1,750
20-30 years
$1,780
30+ years
$1,850
How Home Age Affects Insurance Rates in Aurora
Newer homes (under 10 years old) benefit from lower premiums due to more advanced construction materials and safety features, while older homes see higher premiums.
Home Insurance Rates by Credit Tier in Aurora
Excellent Credit (750+): $1,700/year
Good Credit (700-749): $1,750/year
Fair Credit (650-699): $1,850/year
Poor Credit (Below 650): $2,000/year
Cheapest Home Insurance Providers in Aurora
Here are the cheapest home insurance providers in Aurora:
State Farm: $1,750/year
Allstate: $1,770/year
Farmers Insurance: $1,760/year
USAA: $1,720/year
Progressive: $1,790/year
Home Insurance Rates by Deductible in Aurora
$500 Deductible: $1,850/year
$1,000 Deductible: $1,750/year
$2,000 Deductible: $1,650/year
$5,000 Deductible: $1,550/year
Types of Homeowners Insurance in Aurora
There are several types of homeowners insurance options available to meet the specific needs of homeowners in Aurora:
HO-3 (Special Form): The most common and widely used policy, providing comprehensive coverage for the home’s structure and personal property, except for named exclusions such as earthquakes or floods.
HO-4 (Renters Insurance): Offers coverage for renters, protecting their personal belongings and providing liability coverage.
HO-5 (Comprehensive Form): Provides more extensive coverage, particularly for high-value homes and belongings. It is typically more expensive but offers broader protection than HO-3.
HO-6 (Condo Insurance): Covers condo owners’ personal belongings and part of the interior structure, often required by the condo association.
HO-8 (Older Home Insurance): Tailored for older homes, offering coverage for repairs based on actual cash value instead of replacement cost, which is ideal for homes that may not meet modern building codes.
Flood Insurance: Aurora residents living near water bodies or in flood-prone areas may need to consider purchasing additional flood insurance, as this is typically not included in standard homeowners policies.
Comparing Aurora to Other Colorado Cities
Denver: Homeowners in Denver pay higher premiums, averaging $1,900/year, due to higher risks from wildfires and severe winter conditions.
Colorado Springs: Home insurance in Colorado Springs is slightly lower, averaging $1,800/year, but still close to Aurora’s costs due to similar weather-related risks.
Boulder: In comparison, Boulder homeowners pay an average of $1,950/year, due to higher fire risk and proximity to mountainous areas.
