Gavop's guide to buying homeowners insurance in Old Lyme, CT covers how to get the right coverage, optimize deductibles, identify the best agents, understand claim requirements, avail discount options, compare cheap quotes and research reviews.
| Bedrooms | Average Home Value | Estimated Replacement Value | Recommended Home Insurance Coverage |
|---|---|---|---|
| 1 Bedroom | $84,000 | $80,000 | $50,000-$75,000 |
| 2 Bedroom | $155,000 | $140,000 | $150,000-$175,000 |
| 3 Bedroom | $356,500 | $330,000 | $400,000-$500,000 |
| 4 Bedroom | $397,500 | $330,000 | $300,000-$350,000 |
| 5 Bedroom | $716,000 | $680,000 | $600,000-$700,000 |
| Type | Discount ($) | Premium After Discount ($) |
|---|---|---|
| Multipolicy Discount | -$140 | $791 |
| Superior Protection Discount | -$84 | $846 |
| Fire & Security Discount | -$84 | $846 |
| Hail Resistant Roof Discount | -$19 | $912 |
| Newly Constructed Home Discount | -$186 | $744 |
| Low Deductible ($500) | High Deductible ($2500) | |||||
|---|---|---|---|---|---|---|
| Place | Example Claim Amount | Yearly Premium | Total Yearly Cost | Yearly Premium | Total Yearly Cost | Net Savings for High Deductible Plan |
| New London County | $1,000 | $1,154 | $2,154 | $839 | $1,839 | $315 |
| Old Lyme, CT | $1,000 | $919 | $1,919 | $668 | $1,668 | $251 |
| Madison Center, CT | $300 | $2,108 | $2,408 | $1,532 | $1,832 | $576 |
| Amagansett, NY | $2,500 | $1,015 | $3,515 | $738 | $3,238 | $278 |
| Weekapaug, RI | $200 | $2,687 | $2,887 | $1,953 | $2,153 | $734 |
| Waterbury, CT | $1,500 | $749 | $2,249 | $545 | $2,045 | $205 |
| Pomfret, CT | $400 | $1,233 | $1,633 | $896 | $1,296 | $337 |
| South Woodstock, CT | $2,500 | $1,074 | $3,574 | $780 | $3,280 | $293 |
| Simsbury Center, CT | $500 | $1,305 | $1,805 | $948 | $1,448 | $357 |
| Collinsville, CT | $1,000 | $1,253 | $2,253 | $910 | $1,910 | $342 |
| Canton, CT | $400 | $937 | $1,337 | $681 | $1,081 | $256 |
| North Bellport, NY | $2,000 | $994 | $2,994 | $722 | $2,722 | $272 |
| Home Insurance Company Old Lyme, CT | Homeowners Insurance Agency Old Lyme, CT | Address | Popularity Score | Distance from Old Lyme (miles) |
|---|---|---|---|---|
| Travelers | Northeast Financial Group Llc | 194 Boston Post Road, East Lyme, CT, 6333 | 5.9 | |
| Allstate | Anthony Savio | 39 E Cedar St, Newington, CT, 6111 | 34.3 | |
| Liberty Mutual Independent | The Stone Agency-Guilford | 35 Boston St, Guilford, CT, 6437 | 19.6 | |
| Allstate | Gridley Insurance Llc | 187 Broad St, Windsor, CT, 6095 | 41.2 | |
| Travelers | Abren Insurance | 488 Howe Ave, Shelton, CT, 6484 | 41.0 | |
| State Farm | Colleen Tighe | 102 Kings Hwy E Fl 1, Fairfield, CT, 06825-4824 | 48.8 | |
| State Farm | Dow Cote | 425 Talcottville Rd, Vernon, CT, 06066-7033 | 38.0 | |
| Nationwide | Andrew David Stephens | 48 State St, Guilford, CT, 06437-2707 | 19.6 | |
| Travelers | Bouvier Beckwith & Lennox Inc | 80 Halls Rd, Old Lyme, CT, 6371 | 1.7 | |
| Liberty Mutual Independent | Fairfield County Bank Insurance Services Llc | 255 Tunxis Hill Rd, Fairfield, CT, 6825 | 48.9 |
| Place | Typical Home Value | Typical Home Insurance Costs | 25th Percentile | 75th Percentile | Potential Savings & Difference between 25th & 75th Percentile |
|---|---|---|---|---|---|
| Connecticut | $270,100 | $1,253 | $850 | $1,730 | $880 |
| New London County, CT | $238,900 | $1,168 | $780 | $1,600 | $820 |
| Old Lyme, CT | $398,900 | $930 | $620 | $1,310 | $690 |
| Madison Center, CT | $551,500 | $2,134 | $1,430 | $3,030 | $1,600 |
| Amagansett, NY | $1,673,900 | $1,028 | $690 | $1,410 | $720 |
| Weekapaug, RI | $737,500 | $2,720 | $1,930 | $3,780 | $1,850 |
| Waterbury, CT | $128,600 | $759 | $520 | $1,040 | $520 |
| Pomfret, CT | $268,300 | $1,248 | $900 | $1,780 | $880 |
| South Woodstock, CT | $211,300 | $1,087 | $740 | $1,550 | $810 |
| Simsbury Center, CT | $295,900 | $1,321 | $950 | $1,820 | $870 |
| Collinsville, CT | $275,900 | $1,268 | $910 | $1,810 | $900 |
| Canton, CT | $300,700 | $948 | $650 | $1,310 | $660 |
| North Bellport, NY | $260,900 | $1,006 | $670 | $1,390 | $720 |