Pueblo Insurance Basics

Better known as "The Home of Heroes" for having more Medal of Honor recipients than any other area, Pueblo, Colorado, is also home to many people who enjoy the scenery, recreational activities, and welcoming atmosphere.

No matter where you live, insurance is a must. Pueblo residents pay fairly average prices for their insurance, but there are always ways to cut costs. Knowing the basics of Pueblo insurance will help you keep your rates affordable.

Pueblo Auto Insurance
When shopping for auto insurance, the starting point will be your state's minimum liability requirements. In Colorado, these include:

  • Bodily Injury: $25,000/person with up to $50,000/accident
  • Property Damage: $15,000/accident

If this doesn't sound like much, you're right--it's not. In a serious accident where you are at fault, these minimums can be used up quickly. After that, all costs incurred come out of your pocket, which could lead to financial devastation if you're not prepared. You will be better prepared if you Pueblo insurance quotes also include these recommendations:

  • Bodily Injury: $100,000/person with up to $300,000/accident
  • Property Damage: $50,000/accident
  • Uninsured/Underinsured coverage. This protects you against uninsured drivers (approximately 15-20% of the state)
  • Collision. Liability pays for damages to the other party's vehicle; collision pays for damage to your own car
  • Comprehensive. This covers repair costs for things not associated with an accident, including weather damage or theft.

Pueblo Homeowners Insurance
There are a variety of factors that influence homeowner insurance costs, including weather, crime, population, and building costs. The state of Colorado features a wide range of potential natural disasters, from wildfires to thunderstorms, that can raise insurance rates. When gathering your Pueblo insurance quotes, keep these things in mind:

  • Flooding is not included. Flooding occurs in all parts of the country, and Pueblo is no stranger to it, being located along the Arkansas River. Property insurance policies do not include coverage for damage resulting from flooding (this refers to natural flooding, not flooding from something like a burst pipe). This can be purchased separately, as it is handled by the National Flood Insurance Program.
  • Wildfires are included. Colorado experiences roughly 300 wildfires a year. If you live in an area where this is a possibility, your insurance will cover damage, but you may find you're paying a much higher rate if you live in an area of high exposure.
  • Lightning is included. Residents of Colorado know this state is no stranger to lightning damage. Luckily, lightning damage (and fires as a result) are covered by insurance policies.
  • Not all contents are insured. Most policies automatically insure the contents of your home for 40% of your policy amount. However, this doesn't include things like jewelry, cash, and certain other items. For these, you must get additional coverage.

Saving on Pueblo Insurance Quotes
There are a number of ways you can keep your Pueblo insurance costs down, including:

  • Higher deductibles. Your deductibles should be as high as you can comfortably afford. This will save you up to 25% on your premiums.
  • Combine policies. Almost all companies will discount your rates if you combine policies such as home, renters, or auto insurance.
  • Shop around. Getting multiple Pueblo insurance quotes and then comparing them for the best rates is important in getting the best deal. A site like netquote.com makes this easier than ever, allowing you to research insurance of all types and then get multiple quotes in minutes.