In Loreto the Hotel Plaza Loreto has nice, clean, $51/night rooms with 2 beds. They also have a 24 hour front desk so you bikes are safe on the street, and they did let us put ours in the courtyard at night.
It's walking distance to most everything, a little family owned coffee shop is a couple doors east, and a bitchin hot dog stand is about a block west. Also only a couple blocks from the historic mission and old town square.
I recommend Baja Bound Insurance. After you enter your info they give you a nice chart of policies from several carriers that are easy to compare.
I HIGHLY recommend contacting Shari in Asuncion. She has several rentals, plus she arranges whale tours, and they have their own fishing boats if you would like to do some ocean fishing. You should be able to view her contact info on the fb page without signing up.