Best homeowners insurance in Connecticut for 2023

Compare the best homeowners insurance companies in Connecticut

Across all carriers in the state, the average cost of homeowners insurance in Connecticut is $1,244 a year, or $104 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.

*USAA not officially ranked by J.D. Power due to eligibility restrictions

**Premiums are for $250K in dwelling coverage

The top 5 home insurance companies in Connecticut

How Bankrate chose the best home insurance companies in Connecticut 

Bankrate uses several factors to determine the companies with the best homeowners insurance in Connecticut. We use Quadrant Information Services to gather updated rates for each company using a sample profile. Each home insurance quote is based on a 40-year-old married couple who is claims-free with good credit history. We also compare the same coverage limits and deductibles to get a true sense of the costs from company to company. 

To further assist shoppers, we created the Bankrate Score. Scores are rated on a five-point scale and consider variables including the company’s coverage offerings, mobile and online presence, digital capabilities, third-party performance rankings and more.

How much is home insurance in Connecticut?

In Connecticut, the average cost of homeowners insurance is $1,244 per year for $250,000 in dwelling coverage, which is less than the national average of $1,428 per year. Connecticut homeowners may pay a lower premium than the national average due to many properties having a reduced risk of being impacted by major hurricanes (Categories 3 to 5). 

However, home insurance 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.

In the table below, you can see the state’s average annual premiums by coverage level for the best home insurance companies.

How to find the best cheap home insurance in Connecticut

Home insurance isn’t a legal requirement in Connecticut. But if you own a home, experts typically say 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:

1. Think about your coverage needs: First, you may want to consider how much coverage you need for your home and your personal belongings. Also, you’ll probably want to think about what endorsements you might need, like flood insurance or valuable items coverage.
2. Research insurance companies: Next, you might want to 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.
3. Get multiple quotes: Experts recommend getting 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.
4. Purchase the policy that suits you best: You’ll most likely want to choose an insurance company that offers the coverage you want at the best price. Many providers make it easy to purchase coverage online after you receive your quote.

Common 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:

Types of home insurance 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 coverages 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, 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 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.

Frequently asked questions