Norwich Insurance Rates:

Norwich, CT home insurance is nearly $713 to $967, about $59-$80/month. Our all inclusive research shows customers can save upto $336 by getting different quotes

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Norwich Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
State Farm
Home Insurance Rate of $900/5 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $250,000

5 Beds, 5 Baths 2320 sqft Primary Residence Constructed In 1985 with Wood Flooring, Tile Roof, Slab Foundation, Stucco siding, Stucco Construction. Home Features Include Central Air Conditioning, Swimming Pool, Smoke Alarm, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

67 Years old Divorced Female who is a Freelancer with household income of less than $25,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 600-649 Credit Score

  • Seniors staying at home

Home Insurance Rate of $240/2 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $210,000

4 Beds, 4 Baths 1830 sqft Seasonal Residence Constructed In 1940 with Carpet Flooring, Composition Roof, Crawl Space Foundation, Stucco siding, Stucco Construction. Home Features Include Smoke Alarm, Copper Water Pipes, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

73 Years old Married Male who is a Freelancer with household income of $75-$100,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 800-850 Credit Score

  • Seniors staying at home

Home Insurance Rate of $790/9 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $180,000

4 Beds, 4 Baths 1710 sqft Primary Residence Constructed In 1993 with Ceramic Tile Flooring, Shingles Roof, Piers Foundation, Fiber-Cement Siding, Stucco Construction. Home Features Include Fire Extinguisher, Fireplace, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

66 Years old Married Female who has a Full Time Job with household income of $75-$100,000 and has 2 Pets and is a Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 700-749 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $970/9 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $180,000

4 Beds, 4 Baths 1750 sqft Seasonal Residence Constructed In 1987 with Carpet Flooring, Membrane Roof, Piers Foundation, Brick siding, Brick Frame. Home Features Include Fireplace, Deadbolt Locks, Copper Water Pipes, Smoke Alarm, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

66 Years old Married Female who is a Freelancer with household income of $25-50,000 and has 1 Pet and is a Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 500-549 Credit Score

  • Seniors staying at home

Home Insurance Rate of $1930/9 months for $400000-$500000 Coverage
Policy Holder Home Details :

Home Value : $370,000

4 Beds, 4 Bath 3240 sqft Rental Property Constructed In 1964 with Wood Flooring, Shingles Roof, Crawl Space Foundation, Wood siding, Metal Frame Construction. Home Features Include Fireplace, Swimming Pool, Fire Extinguisher, Deadbolt Locks, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

57 Years old Divorced Female who has a Part Time Job with household income of less than $25,000 and has 1 Pet and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 800-850 Credit Score

Home Insurance Rate of $1370/10 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $225,000

4 Beds, 4 Baths 2530 sqft Seasonal Residence Constructed In 1983 with Carpet Flooring, Asphalt Shingles Roof, Chainwall Foundation, Vinyl siding, Brick Frame. Home Features Include Central Air Conditioning, Fire Extinguisher, Fireplace, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

73 Years old Single Male who is Retired with household income of less than $25,000 and has 3 Pets and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 700-749 Credit Score

  • Guests at home

Home Insurance Rate of $120/1 month for $150000-$175000 Coverage
Policy Holder Home Details :

Home Value : $165,000

2 Beds, 2 Bath 1730 sqft Rental Property Constructed In 1942 with Wood Flooring, Tile Roof, Slab Foundation, Vinyl siding, Brick Frame. Home Features Include Indoor Sprinklers, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

66 Years old Divorced Male who has a Full Time Job with household income of $25-50,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 600-649 Credit Score

Home Insurance Rate of $530/3 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $175,000

2 Beds, 2 Bath 1500 sqft Primary Residence Constructed In 1984 with Carpet over wood flooring, Slate Shingles Roof, Piers Foundation, Brick siding, Brick Frame. Home Features Include Deadbolt Locks, Central Air Conditioning, Fireplace, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

73 Years old Single Female who has a Part Time Job with household income of $25-50,000 and has No Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 550-599 Credit Score

Home Insurance Rate of $1730/9 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $260,000

3 Beds, 3 Bath 2090 sqft Vacation Property Constructed In 1995 with Carpet over wood flooring, Shingles Roof, Chainwall Foundation, Vinyl siding, Wood Frame. Home Features Include Indoor Sprinklers, Copper Water Pipes, Central Air Conditioning, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

57 Years old Single Male who is a Freelancer with household income of more than $150,000 and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 650-699 Credit Score

Home Insurance Rate of $110/2 months for $50,000-$75,000 Coverage
Policy Holder Home Details :

Home Value : $65,000

1 Bed, 1 Bath 712 sqft Primary Residence Constructed In 1984 with Carpet over wood flooring, Metal Roof, Slab Foundation, Brick siding, Metal Frame Construction. Home Features Include Deadbolt Locks, Fire Extinguisher, Smoke Alarm, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

60 Years old Married Female who is Retired with household income of $25-50,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 800-850 Credit Score

  • Seniors staying at home

  • Guests at home

Norwich Rates & Quotes Analysis:

Norwich Area Estimated House Insurance
Edward Ave, Sachem St, Reynolds Rd, Old Salem Rd, N Cliff St, Rogan Ter, Colony Ct, Clinton Ave, Cottonwood Rd, Barron St$851
Central Ct, Taylor Dr, Clay Ave, Monroe St, Yantic Rd, South St, Highland St, Bentley Ave, Blissville Rd, McClellan Ave$839
N 5th Ave, Royal Oaks Dr, Mohegan Rd, Carver Ave, Perry Ave, Hamilton Ct, Freeman Ave, Tarryk Dr, Grosvenor Pl, Joseph St$838
Mathieu St, Winchester St, Pacemaker Ave, Village Ct, Yorkshire St, Hedge Ave, Wisconsin Ave, Pratt St, Lucas Park Rd, Pinecroft Rd$841
Ox Hill Ln, Hunters Ave, Weber Farm Rd, White St, Nordon Ave, McKay St, Gardner Ct, Coles Ct, Mohegan Rd, Hunters Rd Exd$852

Insurance rates are influenced by a number of factors including:

  • Year Built: 7,927 Homes (42% of total) built between 1939 or earlier in Norwich are paying home insurance between $1,799-$1,811 and varies from Bozrah (+$41), Preston (+$65), Lisbon (+$34), Baltic (-$29) and Jewett City (-$18).
  • Bedrooms: 6,003 3 bedrooms homes (33% of total homes ) in Norwich are paying about $479. Areas near to Norwich such as Bozrah, Preston, Lisbon are costlier by $12, $18, $10 respectively whereas Baltic and Jewett City are more economical by $7, $4 respectively for similar homes.
  • Auto Insurance Bundling: 2,325 Households (25% of all households) in Norwich have 3 or more vehicles available and when it is bundled with home insurance you can save $210. Discounts for similar bundling in close by locations such as Baltic, Bozrah, Preston come to $207, $215, $217 respectively.
  • Senior Discounts: 4,124 seniors (more than 55 years) occupied housing units (44% of total) in Norwich get discounts between $125 to $128. The comparative concessions in proximate regions such as Baltic, Bozrah and Preston are $124, $129 and $130 respectively.
  • New Homes discounts: New homes such as the 4,329 homes built between 2000 to 2009 in Norwich can save $168 and varies from Baltic ($165), Bozrah ($172), Preston ($174).

Norwich Homeowners insurance Facts

  • Norwich, CT has 9,225 owner occupied houses which is 55.4% of all units whereas Baltic, Bozrah and Preston have 41.98%, 80.59% and 83.06% respectively.
  • Norwich, CT homeowners yearly insurance price at $840 is 0.42% of the typical house value of $198,000 which is in contrast with 0.51% in Baltic, 0.33% at Bozrah & 0.3% in Preston.
  • Homeowners in Norwich, CT pay 2.58% of their income ($30,000 to $34,999) in insurance whereas homeowners in Baltic, Bozrah and Preston pay 2.55%, 2.65% and 2.68% respectively.
  • Norwich, CT’s insurance is 3.9% of monthly housing costs of $1,783/month, for owners with a mortgage compared to 4.6% in Baltic, 3.92% at Bozrah & 3.88% in Preston. But, for households without a mortgage, insurance is 10.6% of costs ($659 in Norwich, CT) in contrast with 10.71% in Baltic, 10.81% at Bozrah & 11.47% in Preston.

Norwich, CT Home Values & Insurance rates

For example, insurance for 1,140 Homes (12.0% of total homes ) valued between $250,000 to $299,999 in Norwich, CT is about $1,167. Rates in nearby areas in such as Bozrah, Preston, New London County are cheaper by $272, $349, $263 respectively while Baltic and Jewett City are costlier by $232 and $130 respectively for similar homes.

Norwich, CT Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 612 6.0% $100
$80,000 to $89,999 128 1.0% $352
$90,000 to $99,999 145 1.0% $394
$100,000 to $124,999 553 6.0% $462
$125,000 to $149,999 602 6.0% $579
$150,000 to $174,999 1,235 13.0% $688
$175,000 to $199,999 1,300 14.0% $789
$200,000 to $249,999 2,336 26.0% $949
$250,000 to $299,999 1,140 12.0% $1167
$300,000 to $399,999 665 7.0% $1478

Renters Insurance in Norwich

  • Average Renters Insurance in Norwich :  $187($15/month)

  • Median Gross Rent in Norwich :  $940

  • Norwich Renters Insurance to Median Rent Ratio:  1.6%

  • Renter occupied housing units in Norwich :  7,420

Norwich Renters Insurance as a Percentage of Rent

Norwich Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 255 3.0% $346
$200 to $299 271 3.0% $796
$300 to $499 545 7.0% $1246
$500 to $749 1,115 15.0% $1921
$750 to $999 2,016 28.0% $2671
$1,000 to $1,499 2,450 34.0% $3796
$1,500 or more 516 7.0% $5446

Rent Affordability in Norwich:

Approximately 43.0% (3,263) of households are spending more than 35% of their income on gross rent in Norwich

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 639 8.0%
15.0 to 19.9 percent 940 12.0%
20.0 to 24.9 percent 884 11.0%
25.0 to 29.9 percent 946 12.0%
30.0 to 34.9 percent 748 10.0%
35.0 percent or more 3,263 43.0%

Norwich Renters Insurance Discounts:

Norwich Renters Insurance Discounts by Number of Vehicles in Renter Occupied Housing Units

Number of Vehicles in Norwich, CT Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 3,795 51.0% $18.7
2 vehicles available 1,725 23.0% $28.05
3 or more vehicles available 259 3.0% $37.4

Protective device discount in Norwich Up to :  $28

Claims-free discount in Norwich Up to :  $37