Home Insurance in New Castle, Colorado
Homes in New Castle carry a median value of $454,300 - 14% lower than the Garfield County median.
The typical home in New Castle was built around 2002. About 3% of homes were built before 1960, about 7 points below Garfield County's 10%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
The housing stock in New Castle is 75% single-family homes, 21% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
In New Castle, about 67% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
New Castle has an owner-occupancy rate of 73% and a vacancy rate of 1%; unoccupied homes typically need a different coverage form.
Most homes in New Castle - 60% - are primarily heated with natural gas. Homes heated with wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
Garfield County's top FEMA-rated hazard is wildfire (Relatively Moderate), per FEMA's National Risk Index. Garfield County had 152 active NFIP flood policies as of September 2026. See the full Garfield County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Colorado, the statewide average premium for a standard HO-3 homeowners policy is $2,492 per year (NAIC, 2023 data).
Key figures
| Median home value | $454,300 |
|---|---|
| Median year built | 2002 |
| Owner-occupied share | 73% |
| Share of owner-occupied homes with a mortgage | 67% |
| Top county hazard | Wildfire (Relatively Moderate) |
| Active NFIP policies in Garfield County | 152 |
| Home insurance premium | $2,492 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)