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Best homeowners insurance in Connecticut of 2022
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In Connecticut, homeowners insurance costs $1,216 per year, on average, for $250,000 in dwelling coverage. Whether renewing your current policy or searching for home insurance for the first time, the task can be daunting with many carriers available. To help you find Connecticut home insurance from the best companies in the state, Bankrate compared dozens of carriers offering home insurance coverage in Connecticut to make your search easier. We found USAA, Amica, Farmers and Travelers among the best Connecticut homeowners insurance companies.
- The best Connecticut homeowners insurance companies are USAA, Amica, Farmers and Travelers, according to our research.
- Connecticut homeowners pay an average of $1,216 per year for $250,000 in dwelling coverage.
- Wind, snow and flooding can cause significant property damage in Connecticut.
How Bankrate chose the best home insurance companies in Connecticut
Best home insurance in companies in Connecticut
|HOME INSURANCE COMPANY||BANKRATE SCORE||AVERAGE ANNUAL PREMIUM*||J.D. POWER SCORE||AM BEST RATING|
*Not officially ranked with J.D. Power due to eligibility restrictions
**Average rates are for annual policies with $250,000 in dwelling coverage
Best for military-related needs
Best for customer satisfaction
Best for customizable policies
Best for optional coverages
How much is homeowners insurance in Connecticut?
In Connecticut, the average cost of homeowners insurance is $1,184 per year for $250,000 in dwelling coverage, which is less than the national average of $1,312 per year. Connecticut homeowners may pay less premium than the national average due to many properties having a reduced risk of being impacted by major hurricanes (Categories 3-5) that can leave devastating impacts on homes. Unlike other coastal states such as Florida and Mississippi, Connecticut homes are generally a bit safer from the impacts of hurricanes.
However, homeowners insurance in Connecticut can still be expensive because of its location along the Atlantic coast. Homes in coastal areas may be more susceptible to damage from wind, rain and tropical systems, which can cause extensive damage. Additionally, Connecticut’s harsh winter climate could also increase the risk of cold-weather home damage, such as burst pipes from freezing temperatures or roof damage from heavy snow.
Home insurance in Connecticut
Connecticut homeowners may want to evaluate and consider their state’s unique features to better understand their property insurance coverage needs. The common causes of loss in Connecticut might inform what coverage you choose to purchase.
Common causes of property losses in Connecticut
It is possible that your Connecticut home could be damaged by weather, fire, theft or other situations, so having homeowners insurance can help to protect you from hefty out-of-pocket expenses to repair damages or replace lost items. Additionally, the coastal position of the state puts it at risk for flooding. Tropical Storm Henri made landfall in Connecticut on August 22, 2021, causing flooding and leaving thousands without power. Specifically, Connecticut homeowners are at an increased risk of:
- Roof damage: Damage to the roof is a common cause of loss for homeowners in Connecticut due to the heavy snow and ice during the winter months.
- Wind damage: High winds from storms can cause damage to siding and roofs and can propel flying objects, tree limbs or entire trees into your house.
- Flooding: Flooding is a common cause of damage due to Connecticut’s location near the Atlantic Ocean.
- Identity theft: As our society becomes increasingly reliant on digital technology, the risk of identity theft increases for all consumers.
When shopping for homeowners insurance, you may want to talk to a company representative or local agent to discuss the common causes of loss in your area. Understanding what is most likely to cause damage may help you choose appropriate coverages.
Home insurance coverage options in Connecticut
If you are buying home insurance in Connecticut, there are a few types of coverage that you may want to consider, on top of the standard coverage types, like dwelling coverage and personal liability:
- Flood insurance: Damage caused by flooding is not covered by homeowners insurance, so you may want to consider purchasing a separate flood insurance policy from FEMA’s National Flood Insurance Program or a private insurer. Some insurers offer flood insurance endorsements as well to your standard homeowners policy. You can use FEMA’s flood map to determine if your home is located in a high-risk flood zone, but be aware that flooding can happen anywhere, as 90% of U.S. natural disasters include flooding, according to the Insurance Information Institute.
- Identity theft coverage: This optional coverage helps to pay for the costs associated with restoring your identity if it is stolen. Insurers usually offer professional guidance for how to handle identity theft as well.
- Roof replacement cost: The availability of this option will vary by insurer and will depend on how old your roof is. If your roof qualifies, this coverage pays out the actual cost of repairs or replacement if your roof is damaged, rather than having depreciation taken out of your settlement.
Every company offers different optional coverage, so talking with an agent may be helpful when choosing endorsements.