Get Simsbury, CT Home Insurance Rates!
Are you paying too much for your homeowners insurance in Simsbury? For most people in Simsbury, the answer to that question is, yes.
Homeowners in Simsbury, Connecticut are paying an "average" of $1,582 for a standard home insurance policy. The national average premium across the United States which is $1,311.
If you are tired of paying too much for homeowners coverage, you are at the right spot. We can help you shop a dozen insurers all at once, saving you both time and money. We will also make sure that every home insurance discount available to you will be included on your Simsbury, CT homeowners policy.
Insurance issues Connecticut homeowners should know about
Simsbury weather can be severe at times which means that homeowners in your state may need to be aware of these additional risks and how they impact insurance coverage.
Flood Insurance: Hurricanes and other severe weather can lead to flooding which can do a tremendous amount of damage to a home. Flood damage is almost always excluded from a standard homeowners policy so you have to carry flood insurance in order to be fully protected.
Flood insurance can be pricey, but it can also be a financial lifesaver if your home is damaged or destroyed by a flood. Flood insurance is available via the National Flood Insurance Program (NFIP) or through private insurers.
Windstorm Insurance or Deductible: Connecticut is no stranger to hurricanes and these storms can lead to wind damage that may not be covered or triggers a hurricane deductible.
Some standard homeowner policies exclude wind damage caused by hurricanes or other high level windstorms, requiring homeowners to purchase a separate windstorm policy or if windstorm damage is covered, a windstorm deductible may apply.
A windstorm deductible kicks in when a hurricane is declared by National Weather Service. In Connecticut, hurricane deductibles apply for damage that occurs from the time a hurricane watch, or warning is issued for any part of Connecticut, up to 72 hours after such a watch or warning ends and anytime hurricane conditions exist throughout the state.
Windstorm deductibles are percentage deductibles which means you will pay a percentage of your coverage level as a deductible. As an example, if you are carrying $300,000 in coverage and have a 5 percent hurricane deductible, you will need to cover the first $15,000 of your claim.
Types of homeowners insurance in SimsburyHomeowners insurance comes is a variety of types and the right one for your will depend on what kind of housing you own or rent. Here is a quick overview of the different types of policies that are available:
HO-3: This is the most common type of homeowners insurance being sold in Simsbury, and the United States. This is a standard homeowner policy for a single-family home. This type of policy will protect your home’s structure if it is damaged by any peril, except ones that are specifically excluded in the policy details.
However, your personal possessions are only covered against a specific set of perils. With most policies those covered perils are:
- Fire or Lightning
- Falling Objects
- Volcanic Eruption
- Windstorm or Hail
- Riot or Civil Commotion
- Damage caused by Aircraft
- Vandalism or Malicious Mischief
- Damage due to weight of Ice, Snow, or Sleet
- Sudden & Accidental Tearing Apart, Cracking, Burning, or Bulging
- Sudden & Accidental Damage from Artificially Generated Electric Current
- Accidental Discharge or Overflow of Water from Plumbing, Air conditioning
These policies provide great coverage and almost always come with dwelling, liability, personal property, other structures, and loss of use protection. It should be noted that all HO-3 policies exclude flooding and earthquake damage, other exclusions usually apply so read the policy carefully.
HO-4: This policy was designed with renters in mind and is more commonly called renters insurance. A renters insurance policy will cover all of your personal property that is in your apartment, up to your coverage limits.
These policies also come with liability coverage which will help pay medical and legal expenses if a guest is injured in your apartment. If they decide to sue, this coverage will pay for your legal defense as well as any settlements or judgments that come out of the lawsuit.
HO-5: This is an upgrade from the HO-3 policy and tends to offer more comprehensive coverage, but at a higher premium. These policies are usually available on newer, more upscale houses. The big difference is that your personal property is covered from all perils except those excluded in the policy while an HO-3 only covers personal property against the perils named in the policy. It also offers replacement cost coverage as standard while an HO-3 will usually have fair market value as standard coverage.
Find a new policy now
Ready to start looking for a new policy? Simply enter your Simsbury zip code, fill out our short home insurance quoting application form online and sit back while we shop your coverage. We will send you up to 12 policy quotes from national insurance companies.
In addition to multiple quotes, we will assign a Connecticut home insurance professional to your quote to help answer any questions you may have about policy details as well as pricing. Having an agent to turn to with questions can be a huge advantage and will ensure that have a complete understanding of your quote.
Start a quote online today or call us at 1-855-976-2656., we will work with you to find the best policy for your needs.
Compare Homeowners Insurance Rates in Simsbury, CT!
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Average Rates Nearby Simsbury
Are you looking for homeowners insurance in a city near Simsbury? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!
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Home Insurance Rates by Zipcode in Simsbury, CT
Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Simsbury.
Simsbury, CT Home Insurance Average Premiums
For the city of Simsbury, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.
|1800 sq. ft. or below
|2600 sq. ft. or higher
(all discounts applied)
What is the average home insurance cost for a home in Simsbury, CT?
- • The average homeowners insurance premium paid annually for a home in Simsbury is around $1152 per year.
What does it cost on average per month for home insurance in Simsbury, CT?
- • Homeowners in Simsbury pay an average cost per month around $96.00 for insurance coverage.
Simsbury, CT Coastal Wind, Hail & Flood Information
Simsbury is located in a coastal county which greatly increases the risk of hurricanes and windstorms. Our quoting process will include wind and hail coverage options to give you the best protection you need against high winds and storm damage.
Simsbury, CT - 2023 Housing Information
|Current Home Value (2023)
|Last Year Home Value (2022)
Homeowners insurance will help cover the cost to repair or replace your Simsbury home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:
- Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Simsbury
- Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
- Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
- Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
- Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.
Get up to 12 competitive Simsbury, CT homeowners insurance rates all in one place!
Saving Money Tips on Simsbury Home Insurance
A great way to save money on Simsbury homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:
- Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
- Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
- Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
- Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.
Are you shopping for the best rate near or wihin the Simsbury area? Check out what homeowners are paying on average for Connecticut homeowners insurance.
Elevation Review for Coastal Wind or Flooding Risk
|This is the average home elevation in Simsbury, CT
» Elevation is crucial to a homeowners insurance policy because it determines the risk of your home being in a flood zone which is particularly important in a coastal state such as Simsbury, Connecticut.
A standard homeowners policy does not cover flood damage. If you live in a flood prone area, you will need to purchase a separate flood to fully protect your home.
Flood insurance can be purchased via the National Flood Insurance Program (NFIP) or in the private market. NFIP policies come with coverage caps and other restrictions so you may need to supplement your flood insurance coverage with a private market policy.
It's important to remember that flooding occurs in low and moderate risk areas as well. According to FEMA data, almost 25% of all flood claims come from low to moderate-risk areas.
To get online quotes on your home and compare rates on home insurance premiums in Simsbury, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Hartford County.
Connecticut Homeowners Insurance News & Information
Florida has 7 New Home Insurance Companies Entering the Market Posted on Friday 1st March, 2024
Recently, Florida has seen seven new insurance companies enter the market for homeowners coverage. Currently, the average premium for homeowners coverage is $6,000 a year in the Sunshine state compared to a nationwide average of just $1,700 a year, according to the Insurance Information Institute. The Insurance Information Institute is hopeful that the new insurance […]
2024 Average Homeowners Insurance Rate at $2,777 per year Posted on Tuesday 20th February, 2024
A recent report by Insurance.com, found that the average homeowners insurance rate in the U.S. came in at $2,777 per year which breaks down to $231 a month. The average was based on coverage levels of $300,000 in dwelling and liability and a $1,000 deductible. When Insurance.com ran the numbers, Oklahoma was the most expensive […]
NC Residents Speak Against 42% Rate Increase Requested by Rate Bureau Posted on Tuesday 13th February, 2024
During a recent public comment session held by the North Carolina Department of Insurance, dozens of North Carolina residents spoke out against an average rate increase of 42% that the North Carolina Rate Bureau is requesting. The Rate Bureau represents insurance companies in the state and earlier this year requested average rate increases of 42%. […]
Is Homeowners Insurance Part of Your New Years Resolution? Posted on Wednesday 31st January, 2024
The New Year is here for 2024, and you have probably made a list of resolutions involving everything from eating better to losing a bit of weight. One thing that should be on everyone’s list is a review and update of their homeowners policy. The beginning of the year is a great time to pull […]
North Carolina: 2024 Homeowners Insurance Rate Increase Proposed Posted on Friday 19th January, 2024
Recently, the North Carolina Rate Bureau requested that the N.C. Department of Insurance allow increases to homeowners’ insurance rates by an average of 42.2 percent. If the NCDOI agrees, the proposed rates will go into effect Aug. 1. However, it is also possible that the NCDOI will not agree to the increase and deny the […]
Simsbury, CT Dwelling Coverage Estimate
It is important to calculate your dwelling coverage for your home in Simsbury so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.
Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.
What is the average replacement cost coverage in Simsbury, CT?
- The average square footage in Simsbury is around 1,919 Sq. Ft. which would cost you around $335,900 to replace the home if you base the home on the price to build per square foot of $175.
Minimum Replacement Cost Total: $335,900
Location: Simsbury, Connecticut (Hartford County)
Average Building Cost Per Square Foot in Simsbury: $175 (low end)
Average Square Footage in Simsbury: 1,919 Sq. Ft.
|Home Improvement Status
|Price per Sq. Ft.
|None or Very Minor Improvements
|Some Additional Upgrades
|Major Home Updates or Advancements
The dwelling coverage is calculated by the average cost per square foot ($175) in Simsbury, Connecticut times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $546,875 (Media price to build of $219 x 2500 sq. ft.) to cover the cost to rebuild your new home.
What is the difference between actual cash value and replacement cost value?
Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:
Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.
Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.