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Best homeowners insurance in Connecticut for 2024
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Reviewed by
Edited by
Reviewed by
USAA, Amica, State Farm, Travelers and Farmers have the best home insurance in Connecticut, according to Bankrate’s analysis.
Powered by Coverage.com (NPN: 19966249)
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
Compare the best homeowners insurance companies in Connecticut
Across all carriers in the state, the average cost of homeowners insurance in Connecticut is $1,720 a year, or $143 a month, per data from Quadrant Information Services. Your rate may differ based on an array of factors, so experts recommend comparing quotes from several companies prior to choosing a home insurance provider.
Our insurance editorial team analyzed AM Best financial strength ratings, J.D. Power customer satisfaction scores, average premiums, digital conveniences and more to inform our list of the best homeowners insurance companies. We awarded each a Bankrate Score out of five points to reflect our findings. Top performers include USAA, Amica, State Farm, Travelers and Farmers.
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881
/1,000 |
$91
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$1,095
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844
/1,000 |
$123
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$1,477
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829
/1,000 |
$151
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$1,815
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790
/1,000 |
N/A
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N/A
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800
/1,000 |
$127
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$1,525
|
Powered by Coverage.com (NPN: 19966249)
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
Bankrate's trusted insurance industry expertise
Read our full methodologyThe home insurance market can be complicated, but Bankrate's insurance editorial team used our unique perspective to bring readers information they need to make educated decisions when shopping for home insurance.
46
years of industry expertise
122
carriers reviewed
34.5K
ZIP codes examined
1.2M
quotes analyzed
The top 5 home insurance companies in Connecticut
Best for military-focused coverage
4.7
4.7
Avg. premium for $300K dwelling
$91/mo
Avg. premium for $300K dwelling
$1,095/yr
Customer satisfaction
881/1,000
-
Why USAA made our list: USAA offers Connecticut homeowners the cheapest rates on average among the carriers we studied, but it’s only available to active military service members, veterans and qualifying family members. For those eligible, USAA offers basic home insurance coverage types, with the option to add coverage for home sharing or uncontrollable events like earthquakes. Active-duty military members may also secure coverage for uniforms and equipment, and policyholders can get replacement cost coverage on contents in many cases. Although USAA only offers a few potential discounts, its affordable average rates and good customer service reputation might make up for it.
Who USAA may be good for: Active-duty military personnel and veterans who value military-focused coverage options.
Best for customer satisfaction
4.6
4.6
Avg. premium for $300K dwelling
$123/mo
Avg. premium for $300K dwelling
$1,477/yr
Customer satisfaction
844/1,000
-
Why Amica made our list: Amica received the highest official J.D. Power score of the Connecticut home insurers Bankrate reviewed, which may not be surprising given the company’s reputation for excellent customer service. Amica offers several optional coverage types and potential discounts that may help you customize your policy. The company’s most unique feature, though, is its dividend policy option, which may pay you back up to 20 percent of your annual premium. Amica typically offers below-average rates compared to the Connecticut average, as well. The company also placed first in the 2023 J.D. Power U.S. Digital Experience Survey for the service category.
Who Amica may be good for: Homeowners looking for an insurance company with higher-than-average customer satisfaction and claim satisfaction.
Best for local offices
4.2
4.2
Avg. premium for $300K dwelling
$151/mo
Avg. premium for $300K dwelling
$1,815/yr
Customer satisfaction
829/1,000
-
Why State Farm made our list: State Farm is the largest insurance company in the U.S. by market share, so you may not be surprised to find it on our list of best homeowners insurance in Connecticut. With more than 80 agents across the state, State Farm could be a solid choice for homeowners who prefer to do business in person. However, State Farm does have an overall higher-than-average number of complaints with the National Association of Insurance Commissioners (NAIC), so homeowners who prize top-notch customer service may want to do more research before making their decision.
Who State Farm may be good for: Homeowners who prefer to work with a local agent who may have firsthand knowledge of their area.
Best for optional coverage
4.1
4.1
Avg. premium for $300K dwelling
Not available
Avg. premium for $300K dwelling
Not available
Customer satisfaction
790/1,000
-
Why Travelers made our list: Besides the standard coverages you would likely expect from a home insurance company, Travelers offers several optional coverages, such as contents replacement cost coverage, water backup coverage, identity theft coverage, green home coverage and special personal property coverage. Travelers also has multiple discount opportunities available to those who qualify like multi-policy, home buyer, claims-free, protective devices and green home discounts. Unfortunately, Travelers falls far below average for customer satisfaction per the J.D. Power Home Insurance Study.
Who Travelers may be good for: Connecticut homeowners who want to add optional endorsements to their insurance policy.
Best for local offices
3.6
3.6
Avg. premium for $300K dwelling
$127/mo
Avg. premium for $300K dwelling
$1,525/yr
Customer satisfaction
800/1,000
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Why Farmers made our list: Although Farmers’ average homeowners insurance premium is higher than Connecticut’s average premium, it may still be worth getting a quote, especially if you want to customize your policy to your specific needs. Farmers offers home insurance in three packages: standard, enhanced and premier. Within these packages, you can choose optional endorsements to tailor your policy to suit your circumstances. You may also be able to save if you are a non-smoker by installing a home alarm system or bundling your home and auto coverage.
Who Farmers may be good for: Homeowners who only want to pay for the home insurance coverage types they need.
Additional Connecticut home insurance companies to consider
Encompass
Homeowners who want to streamline their home and auto insurance.
Encompass is a regional insurance provider that offers homeowners, auto, personal umbrella insurance and more. It underwrites policies in Connecticut, so homeowners who want to pay a single premium and manage one account for multiple policies should check out Encompass. Be aware that although the company has robust online services, it has received a higher-than-average number of overall complaints, according to the NAIC, although its home insurance product earns a below-average index.
Narragansett Bay Insurance Company
Homeowners who want great customer service and low premiums.
Narragansett only operates in a handful of New England states, but it boasts homeowner insurance rates that are typically well below the national average. Policyholders can personalize their coverage and enjoy a variety of discounts. However, Narragansett does not offer auto insurance, so homeowners will have to find a separate insurance provider for their vehicles.
Cheapest home insurance companies in Connecticut
To help you save time researching companies, it helps to know which providers typically offer the cheapest rates in the state. The following providers offer some of the most competitive premiums in Connecticut according to rates from Quadrant Information Services. Keep in mind that homeowners coverage and rates vary between providers, so read through policy quotes carefully to find the best cheap home insurance in Connecticut.
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$59
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$704
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- $1,016 |
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$91
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$1,095
|
- $625 |
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Narragansett Bay
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$96
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$1,150
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- $570 |
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$123
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$1,477
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- $243 |
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$127
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$1,525
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- $195 |
How Bankrate chose the cheapest home insurance companies in Connecticut
Bankrate’s insurance editorial team determined these best companies based on up-to-date rates from Quadrant Information Services. The companies represent the cheapest options of the most prominent or popular insurance providers in Connecticut.
How to get cheap home insurance in Connecticut
Home insurance isn’t a legal requirement in Connecticut. But if you own a home, purchasing home insurance to protect your investment is a smart idea. Here are the steps you may want to follow to find the cheapest and best home insurance in Connecticut:
- Think about your coverage needs: Consider how much coverage you need for your home and your personal belongings. Also, think about what endorsements you might need, like flood insurance or valuable items coverage.
- Research insurance companies: Look into multiple insurance companies to see which ones can offer you the coverage you need within your budget. Also, consider reviewing discounts, third-party ratings and online/mobile policy management tools for each insurer.
- Get multiple quotes: Get quotes from several insurance companies. Ideally, you’ll want to get quotes for the same types and amounts of coverage (or as close as you can get) for the most accurate comparison.
- Purchase the policy that suits your needs best: An insurance company that offers the coverage you want at the best price will most likely be at the top of your consideration. Many providers make it easy to purchase coverage online after you receive your quote.
Best home insurance discounts in Connecticut
Many Connecticut home insurance companies offer discounts that can help those who qualify save money on their policies. Discount opportunities vary among providers, but here are some of the most common:
How to save on home insurance policy renewals in Connecticut
Once you’ve found the insurance provider for you, you can find ways to continue saving on your home insurance premium. Here’s how you can potentially save at renewal time:
- Maintain your roof: Not only is a new roof less likely to become damaged in severe weather, but it also does a better job of protecting your home and personal items. Plus, a new roof often qualifies for a discount.
- Improve your credit score: Although it takes time to work on your credit, earning a better score can unlock cheaper rates over time at renewal.
- Limit your claims: While homeowners insurance is meant to protect your finances after covered perils, frequently filing claims could cause your insurance company to raise your premium or decide not to renew your policy.
- Install wind and flood mitigation updates: Your insurance provider might give you a discount if you’ve improved your home and gotten a home inspection. Popular improvements include retrofitting your roof to be more wind-resistant, installing storm or hurricane shutters, installing roof fasteners and installing impact-resistant windows.
How much is home insurance in Connecticut?
In Connecticut, the average cost of homeowners insurance is $1,720 per year for $300,000 in dwelling coverage, which is 25 percent less than the national average of $2,285 per year. Connecticut homeowners may pay a lower premium than many other states due to many properties having a reduced risk of being impacted by major hurricanes (Categories 3 to 5).
However, the average home insurance cost in Connecticut can still be somewhat expensive because of its coastal location. Additionally, the state’s harsh winter climate could expose homes here to burst pipes from freezing temperatures or roof damage from heavy snow.
Connecticut homeowners insurance rates by city
- Staffordville: $1,383 per year — 20 percent below state average
- Somersville: $1,390 per year — 19 percent below state average
- Mansfield Depot: $1,398 per year — 19 percent below state average
- South Willington: $1,399 per year — 19 percent below state average
- Stafford Springs: $1,406 per year — 18 percent below state average
- New Haven: $2,237 per year — 30 percent above state average
- Niantic: $2,105 per year — 22 percent above state average
- Mystic: $2,092 per year — 22 percent above state average
- Groton: $2,088 per year — 21 percent above state average
- Clinton: $2,085 per year — 21 percent above state average
*Rates are for $300,000 in dwelling coverage.
What does home insurance cover in Connecticut?
Part of shopping for homeowners insurance is recognizing what coverage you need in your policy. Since most Connecticut homeowners live on the coast, these homeowners may want to find a policy that covers water or flood damage. This might mean getting a separate policy. Here are some of the most common types of damage that standard Connecticut home insurance covers:
- Wind and hail
- Fire and lightning
- Water damage and freezing
- Theft and all other property damage
Additional home insurance coverage types 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. Endorsements are optional coverage types that can fill gaps in your regular policy. Here are some endorsements that might be beneficial to Connecticut homeowners:
- Flood insurance: Damage caused by flooding is not covered by homeowners insurance, so you might want to purchase a separate flood insurance policy from the Federal Emergency Management Agency (FEMA) National Flood Insurance Program or a private insurer. 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. In fact, 90 percent of natural disasters in the U.S. involve flooding.
- 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 on how to handle identity theft, as well.
- Roof replacement cost: The availability of this option will vary by insurer and will depend on the age of your roof. If your roof qualifies, this coverage pays out the actual cost of repairs or replacement if your roof is damaged, rather than the depreciated value.
Your circumstances will determine which optional coverage types suit you best, so talking with an insurance professional may be helpful when choosing endorsements.
Related content:
Common Connecticut home insurance problems
The Connecticut home insurance market is still competitive, although some insurance providers are charging more for insuring homes along the coast. Since the majority of Connecticut homeowners live along the shoreline, residents need to shop around for the best home insurance rates.
Here are some other challenges facing Connecticut homeowners:
- Rising insurance rates: The cost of repairs or rebuilds is significantly higher due to inflation and the severity of damage. Many insurers pass additional expenses off to policyholders in the form of higher rates.
- Unable to get an insurance policy: Some companies are reevaluating whether or not to underwrite new policies in Connecticut. This can make it difficult for new homeowners to find the coverage they need.
Frequently asked questions
Methodology
Bankrate utilizes Quadrant Information Services to analyze October 2024 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates for our base profile are based on the following characteristics and coverage levels:
Dwelling coverage
$300,000Other structures coverage
$30,000Personal property coverage
$150,000Loss of use coverage
$60,000Liability coverage
$500,000Medical payment coverage
$1,000The homeowners also have a $1,000 deductible, a $500 hail deductible and a 2 percent hurricane deductible (or the next closest deductible amounts that are available) where separate deductibles apply.
These are sample rates and should be used for comparative purposes only. Your quotes will differ.
Additional profiles:
- Coverage A, Dwelling: $150,000, $350,000, $450,000, $750,000
- Coverage B, Other Structures: $15,000, $35,000, $45,000, &75,000
- Coverage C, Personal Property: $75,000, $175,000, $225,000, $375,000
- Coverage D, Loss of Use: $30,000, $70,000, $90,000, $150,000
- Coverage E, Liability: $500,000
- Coverage F, Medical Payments: $1,000
Bankrate Scores
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Cost & ratings 50%
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Coverage & savings 30%
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Support 20%
- Tier 1 (Cost & ratings): To determine how well auto and home insurance companies satisfy these priorities, average quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best, Demotech and the NAIC, were analyzed.
- Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated each company’s discount options listed on its website.
- Tier 3 (Support): To encompass the many ways a home insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored a company’s corporate sustainability efforts.
Tier scores are unweighted to show the company's true score in each category out of a possible five points.
