One of the challenges of living in Connecticut is finding
insurance. Choosing the right balance
between enough coverage and a reasonable
premium can be tough, but that’s why
Insurance-Rates-Online is here to help. Just spend a few
minutes learning the basics and how to save money on
Connecticut Home insurance, then just enter your zip code
in the box below to receive free quotes from top home
Basics of Connecticut Home Insurance
Home insurance is not required by law in Connecticut, but if
you have a mortgage, your lender is sure to require it.
Four types of coverage are included in Connecticut
home insurance policies:
- Property damage – pays for damage
to your home and personal property.
- Additional Living Expenses – if
covered damage prevents you from living in your home, this
provides funds to pay for temporary arrangements.
- Comprehensive Personal
Liability – covers damage to property owned
by someone else, caused by you or a member of your family
(except due to auto accident)
- Medical Payments – if someone is
injured by you or your family, or on your property, this
covers the medical bills.
of Connecticut Home Insurance
Different types of home insurance are available,
based on the amount of protection you prefer.
- Actual Cash Value (ACV) offers the replacement value of
the property, less depreciation. This is the least
expensive form of home insurance in Connecticut. But it’s
important to remember that you’ll have to make up the
difference between the replacement cost and the depreciated
value of anything that’s damaged.
- Replacement Coverage pays for the repair or replacement
cost of damaged property up to the value of the policy.
Here you don’t have to worry about depreciation, just that
you have a big enough policy to cover everything.
- Guaranteed Replacement Coverage allows the Connecticut
home insurance company to increase your coverage and
premiums automatically to guarantee that you have full
replacement coverage of property and contents, including
rebuilding to the latest building codes. You are always
Homeowners Insurance Policy
If you live within 2600 feet (about ½ mile) from the
coastline, you face the added risk of both hurricanes and high
winds. Every Connecticut Home insurance company offers an
additional coast homeowners insurance policy which covers
repairs due to storm damage. Usually this policy includes
either a special hurricane deductible (not more than 2% of the
home’s value), or imposes special windstorm mitigation
requirements, like installation of approved storm shutters.
Home insurance policies don’t cover flooding, but it is
available through the National Flood Insurance Program.
Visit Floodsmart.gov for more details.
Calculating the Right Amount of Connecticut Home
Each insurance company has formulas to determine the value
of your home and personal property. Remember this amount
doesn’t include the value of the land. To make sure this amount
- Check the prices of comparable homes which recently
sold in your area.
- Talk to local builders to find out what it would cost
to rebuild your home at today’s lumber and labor
- Consider having your home appraised every three to five
years to be absolutely sure you have enough coverage.
Affecting Connecticut Home Insurance
Insurance companies consider several different factors when
determining premium rates. Some are controllable, others
- Type of Construction – Frame
house cost more to insure than brick homes because they are
more likely to suffer damage during almost any event.
- Age of the House – New homes
qualify for additional discounts because they have new
heating, plumbing, wiring and roofs.
- Local Fire Protection – the
quality of the local fire department, even the distance to
the closest fire department, are all factors.
- Backyard Items – swing sets,
trampolines, and swimming pools represent higher risk to
insurance companies, and consequently higher premiums.
Money on Home Insurance in Connecticut
There are things you can do to reduce the cost of
home insurance premiums.
- Increase the deductible – Most
policies come with a $250 deductible. If you’re comfortable
with a $500 deductible or even a $1000 deductible, you’ll
- Safety discounts – installing
smoke detectors, burglar alarms, dead bolt locks and fire
extinguishers reduce insurance rates.
- Combination discounts –
Purchasing both home and auto insurance from the same
company can save up to 15%.
- Non Smokers – Statistically
non-smokers have fewer claims than smokers, so this can be
- Senior Citizens discount – since
seniors tend to spend more time at home than younger
people, they are more likely to prevent serious damage and
theft, so their rates are lower.
- Good credit – insurance companies
can use your credit history to help evaluate your risk, so
having good credit will save you money.
- Previous claim history – Absorb
smaller claims if possible; if you are prone to filing
frequent claims it can lead to a rate increase.
- Shop around – Home insurance
companies base rates on their experience in the area. Since
each company will have different experiences, there will be
differences in their rates. That’s why you should shop
annually and get at least three different quotes on
For more ways to lower premiums,
visit Saving Money on Home Insurance.
Shop for Connecticut Home Insurance
Now that you know the ins and outs of homeowners insurance
in Connecticut, it’s time to start comparing rates. Simply
enter your zip code in the box below and you’ll be instantly
matched with great home insurance companies offering coverage
in your area. Click on the three or four that sound the best,
and request a free quote. Before you know it, you’ll have great
coverage at a price you like. Don’t wait, enter your
zip code now!