West Simsbury, CT Home Insurance Quotes!

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In the great city of West Simsbury, there are a total of 4,203 people living in a variety of different styles of properties from single-family homes, duplexes, condos and apartments. While there are roughly 1,424 housing units in the city of West Simsbury, many of the ones that are currently occupied are in need of lower home insurance rates. In the majority of these West Simsbury neighborhoods, the average family size is around 3 residents per house.

In West Simsbury, the average household income is about $149,500. While this is a fairly high number, it is slightly below the national median. Luckily, the cost to purchase a home in West Simsbury is affordable, the average real estate market price is $363,700, although home prices in this area continue to rise. An increase in home prices results in more risk for the insure to cover. Plus, the cost of living increases with the property taxes due to the cost of home prices going up. Saving money on your home insurance premium can help with your monthly budget and even lower your monthly mortgage payment. Let us help you shop and compare rates in West Simsbury, CT today!

Lower Home Insurance Rates in West Simsbury Helps with Savings

In addition to affordable housing, West Simsbury homeowners insurance also has some great rates to help you save more money. Our average home insurance rates for West Simsbury is around $1247 per year, for smaller homes with less replacement value coverage and discounts, you can get rates for as low as $997. For larger homes over 1,800 sq. ft in West Simsbury, you may see higher rates in the $1547 range due to increased dwelling coverage.

West Simsbury Home Insurance By Policy Type

When it comes to West Simsbury homeowners insurance policies, there are a few different policy types and each one is written for a certain type of structure. Having the correct policy type is essential to having the proper coverage on your home for added protection when you need it most.

Below we have featured the most common insurance types for homeowners living in or nearby West Simsbury:

 Type Description
HO-3

The most common of homeowners coverage is the HO-3. The majority of homeowners carry this type of policy and it covers damage that is caused by all perils unless they are excluded in the body of the policy. Damage that is caused by floods or earthquakes is always excluded on an HO-3 policy but there can be other exclusions as well.

HO-6

Condos are becoming a popular housing option in West Simsbury and if you have one, this is the policy type you need. In addition to condos, it also protects co-ops. This insurance offers coverage for your personal belongings as well as the components of the building that you actually own.

HO-8

West Simsbury is lucky to have a fair number of historical homes and if you own one, you may need an HO-8 policy. These policy types are specific to older homes where the replacement cost of the house may actually exceed the cash value of the home.

These policies are affordable because the payout levels are less than the actual replacement cost of the house. In most cases, the need for an HO-8 policy arises when the house is more than 40 years old and doesn’t qualify for a HO-3 policy. These policies only cover 11 perils.

HO-4

This policy type was designed for people that rent an apartment. It is often referred to as renters insurance. An HO-4 policy will pay out for damage to your personal property in your apartment and it also offers liability protection in the event that someone is injured in your apartment.

Compare Homeowners Insurance Rates in West Simsbury, CT!

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Get up to 12 competitive West Simsbury, CT homeowners insurance rates all in one place!

Enter your Zip Code:    
Easily compare up to 12 competitive West Simsbury, CT rates all in one place!

Average Rates Nearby West Simsbury

Are you looking for homeowners insurance in a city near West Simsbury? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!

Home Insurance Rates by Zipcode in West Simsbury, CT

Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in West Simsbury.

06092,     

West Simsbury, CT Home Insurance Average Premiums

Local West Simsbury, CT home insurance quotes comparison

$997 /yr.

Shows West Simsbury's lowest average rates with discounts applied.

For the city of West 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.

Coverage Amount:Annual Premium
1800 sq. ft. or below
(discounts applied)
$997 /yr.
Average Coverage:$1247 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1547 /yr.

What is the average home insurance cost for a home in West Simsbury, CT?

  • • The average homeowners insurance premium paid annually for a home in West Simsbury is around $1247 per year.

What does it cost on average per month for home insurance in West Simsbury, CT?

  • • Homeowners in West Simsbury pay an average cost per month around $104.00 for insurance coverage.

West Simsbury, CT Coastal Wind, Hail & Flood Information

West 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.

West Simsbury, CT - 2023 Housing Information

Month Current Home Value (2023) Last Year Home Value (2022)
January $0 $0
February $0 $0
March $0 $0
April $0 $0

Homeowners insurance will help cover the cost to repair or replace your West 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 West 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.
Enter your Zip Code:    

Get up to 12 competitive West Simsbury, CT homeowners insurance rates all in one place!

Enter your Zip Code:    
Easily compare up to 12 competitive West Simsbury, CT rates all in one place!

Saving Money Tips on West Simsbury Home Insurance

A great way to save money on West 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 West Simsbury area? Check out what homeowners are paying on average for Connecticut homeowners insurance.

Elevation Review for Coastal Wind or Flooding Risk

Elevation Details Homeowners Tips
322 ft. This is the average home elevation in West 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 West 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.

Call Now for Flood Insurance Quotes: 888-620-1954!

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 West 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

  • Why Are Homeowners Insurance Premiums Rising in 2024? Posted on Tuesday 9th July, 2024

    As insurance rates rise at unprecedented rates, homeowners are cutting back on groceries, travel, dining out, and even medication to afford the cost of their insurance premiums. In even more shocking news, 1 in 10 homeowners are even consider moving to an area with lower premiums, according to a recent survey by Claimguide. According to […]

  • Coastal Homeowners Insurance in Florida Posted on Monday 8th July, 2024

    Florida has it all, constant sunshine, beaches,plenty of restaurants and entertainment. It also has some of the highest homeowner insurance premiums in the country. According to Value Penguin, the Sunshine State has the 14th most expensive homeowner insurance rates in the country with the average premium coming in at $1,727. While insurance premiums are high all […]

  • Coastal Texas Home Insurance Rates Posted on Sunday 7th July, 2024

    While windstorm insurance is not required in Texas, it is often a necessity if you live near the coast. In certain areas there is a good chance that your mortgage lender will require that you carry a windstorm policy. A windstorm policy will cover damage that is done by wind or hail. These are the […]

  • North Carolina Joint Underwriters and Wind Pool Map Explained Posted on Wednesday 5th June, 2024

    North Carolina is a lovely state to call home. Our state is packed with beautiful cities, museums, restaurants and of course, some of the loveliest beaches in the country. Unfortunately, if you live in one of our amazing coastal southern cities such as Ocean Isle Beach, Sunset Beach, Oak Island Beach, Calabash, Bald Head Island, […]

  • Largest Insurer in California – Travelers Announces Home Insurance Rates Going Up 15% Posted on Monday 20th May, 2024

    Travelers Insurance, which is one of the largest insurers in California, recently announced that they will be raising premiums by an average of 15% in the Golden State. This is just the latest rate increase or policy limitation by major insurance companies who blame the increases on spreading wildfire risks, inflation, and the cost of […]

West Simsbury, CT Dwelling Coverage Estimate

It is important to calculate your dwelling coverage for your home in West 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 West Simsbury, CT?

- The average square footage in West Simsbury is around 2,078 Sq. Ft. which would cost you around $363,700 to replace the home if you base the home on the price to build per square foot of $175.

Minimum Replacement Cost Total: $363,700

Location: West Simsbury, Connecticut (Hartford County)

Average Building Cost Per Square Foot in West Simsbury: $175 (low end)

Average Square Footage in West Simsbury: 2,078 Sq. Ft.

Home Improvement StatusPrice per Sq. Ft.Dwelling Coverage
None or Very Minor Improvements$175$363,700
Some Additional Upgrades$219$454,625
Major Home Updates or Advancements$263$545,550

The dwelling coverage is calculated by the average cost per square foot ($175) in West 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.