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By: Ajay kumar Medagani September, 11, 2019

In Denver, Colorado, the average homeowner's insurance premium is $1,230 per annum, which is almost equal to the national average of $1,228 per annum.

Constructing homes with superior fire-resistant material can help Denver homeowners lower their insurance rates, with insurance companies offering discounts of as much as 19%. Homeowners living in brick veneer constructions can get a discount of up to 3% on their insurance premiums, whereas those with masonry homes can get a discount of as much as 13%.

Denver homeowners who have never filed an insurance claim before can also get a discount of $46. However, if you have filed one claim before, you will have to pay an additional $46, and for 2 filed claims, this amount increases to $91.

Senior citizens of Denver earn a discount of about $100 on their homeowner's insurance. Encompass Insurance offers a 48% dwelling age discount for Denver homeowners, while All State offers a 10% discount on an early signing. AAA Home Insurance offers a discount of up to 36% for new homes in Denver

Installing safety and security features on properties is another way for Denver homeowners to lower home insurance rates. For instance, homes that have deadbolt locks are eligible for a $128 discount. Functioning fire extinguishers can ensure a discount of about $64 and smoke detectors can attract a discount of $164. A $119 discount can be availed for homes with sprinkler systems. Fire and burglar alarms can get a discount of $55 each and a discount of $27 can be availed for a lightning protection system.


Bundling insurance policies can also generate big savings for homeowners in Denver. Bundling home and auto insurance can attract a discount of at least 12%. Bundling homeowners insurance with life insurance can help homeowners get a discount of about 12%. Bundling all three insurance policies—home, auto, and life—can earn Denver homeowners a discount of up to 21%.



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Ajay Kumar Medagani

Ajay Kumar works as a data analyst with Gavop. A (software) engineer by profession, he utilizes his well-established programming skills in big data, to derive insights from a wide variety of data sets. A engineering graduate from JNTU his passion involves analyzing raw data, infographics and other visual aids for research.