Connecticut Homeowners Insurance

What You Should Know About Connecticut Homeowners Insurance in 2017

Connecticut is a beautiful state with historic towns, idyllic seashores, and modern urban areas. The state boasts one of the highest per-capita median incomes in the United States. Many homes here also have very high property values. If you own a house and property in Connecticut you might believe that you will end up paying a lot for homeowners insurance.

Connecticut is actually a very diverse state. Incomes and property values differ greatly from communities consisting mainly of New York commuters to crowded urban centers to resort areas. A local agent in the Trusted Choice® network can help you compare Connecticut home insurance quotes to make sure you get the best value and coverage for your home.

  • National yearly premium average: $1,132
  • Connecticut yearly premium average: 1,337
  • 9th most expensive premium in the US

This information might be useful if you are moving to Connecticut from another state. Keep in mind that there are many unique factors insurance companies consider when they offer you a quote. You shouldn’t consider these averages as anything more than a general guideline as you budget for your homeowners insurance cost. Compare different insurers to make sure you get comprehensive coverage at an affordable price.

What Do Typical Policies Cover?

There really isn’t a “typical” example of a homeowners policy in Connecticut, because every home has different risks associated with it, and every insurance company has a different calculation for risk. A seashore cottage will certainly have different coverage needs than your suburban house or urban condo. Here is an outline of some typical home damage claims to help you understand why your agent may make certain suggestions about your policy.

Average Number of Catastrophe Claims in Connecticut vs. the Nation

  • National number of catastrophes: 19,033
  • Number of catastrophes in Connecticut: 35
  • National number of tornadoes: 1,233
  • Number of tornadoes in Connecticut: 0
  • National property damage from weather: $5,511,270,000
  • Property damage from weather in Connecticut: $510,000

Connecticut is fortunate in that it suffers less catastrophes than most of the other states. In addition, Connecticut is not affected by tornadoes as are many western states.

You should know that many policies do not cover homes against flooding unless you have an extra endorsement or policy from the National Flood Insurance Program. Your policy might exclude floods caused by storm surges or floods caused when sewer systems back up.

Connecticut Burglary Claims

  • National average for burglaries: 37,814
  • Connecticut number of burglaries: 12,892

Connecticut has a lower rate of burglaries than most other states. Still, you are wise to protect your home by installing burglar alarms and purchasing a policy that covers theft. Your policy should cover you against more than just natural hazards.

Who Can Help You Compare Connecticut Home Insurance Quotes?

Getting the right Connecticut homeowners insurance at the right price may seem like a daunting task. Rather than spending your valuable time comparing quotes from multiple insurance companies, contact a local independent agent in the Trusted Choice network. Your agent can compare policies, options, and quotes from several companies to help you find the best plan that suits your unique needs.

Connecticut homeowners insurance can be a pretty complex topic. You shouldn’t be expected to master all of the details in order to select a perfect policy for your home. Yet it is vitally important to select good coverage for something as valuable as your home and property. A good local agent with plenty of experience can help you buy the best coverage at an affordable price.

Now, who's ready to get their insurance problems solved?