- 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
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 homeowners insurance quote is obtained on a 40-year-old married couple who are claims-free with a good credit history, comparing the same coverage limits and deductibles to get a true sense of the cost comparisons among Connecticut homeowners insurance companies.
To further assist you when shopping for the best Connecticut homeowners insurance, we created the Bankrate Score. Scores are rated on a five-point scale and considers factors including the company’s coverage offerings, financial strength, customer experience scores from third-party rating companies, affordability and mobile and online presence and capabilities.
Best home insurance in companies in Connecticut
The average annual cost of Connecticut home insurance is $1,216 per year for $250k in dwelling coverage. USAA, Amica and Farmers are our top three Connecticut insurance carriers, based on our research. When researching Connecticut home insurers, we first obtained average premium information from Quadrant Information Services. After analyzing the data, we also reviewed customer satisfaction scores from J.D. Power, available coverage, as well as discount and policy features offered by each company.
To help you find the best Connecticut homeowners insurance for your needs, you may want to consider quotes from the following companies:
|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
USAA offers Connecticut homeowners the cheapest rates, but is only available to active service members, veterans and their immediate family members. For those that qualify, USAA offers basic home insurance coverage types, with the option to add coverage for home sharing and earthquake insurance. Active duty and deployed military members also get automatic coverage for uniforms and equipment, and policyholders get replacement cost on contents in many cases. Although USAA only offers a few discounts, its affordable rates make up for it, as does its stellar customer service reputation.
Learn more: USAA Insurance Review
Best for customer satisfaction
Amica received the highest 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. It also has average homeowners rates below the Connecticut average. Amica offers several optional coverage and discounts that may help you customize your policy. The company’s most unique feature, though, is its dividend policies, which may pay you back up to 20 percent of your annual policy premium.
Learn more: Amica Insurance review
Best for customizable policies
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 insurance coverages 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 your needs. You may also be able to save if you are a non-smoker, installing a home alarm system or bundling your home and auto coverage.
Learn more: Farmers Insurance review
Best for optional coverages
Besides the standard coverages you have come to expect from a home insurance policy, Travelers offers several optional coverages, such as contents replacement cost, water backup, identity theft, green home coverage and special personal property. Travelers offers a few discounts, like multi-policy, home buyer, claims-free, protective devices and green home discounts. But Travelers is also the most expensive carrier on our Connecticut home insurance list, and it falls the furthest below average for customer satisfaction in the Home Insurance Study.
Learn more: Travelers Insurance review
How much is homeowners insurance in Connecticut?
In Connecticut, the average cost of homeowners insurance is $1,216 per year for $250,000 in dwelling coverage, less than the national average of $1,383 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. Connecticut homeowners insurance rates are comparable to nearby states, with Massachusetts’ average cost at $1,274 and New York’s average cost at $1,289 per year.
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 destroyed 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. Just a few weeks later, Hurricane Ida flooded Connecticut with over six inches of rain, causing damage across the state. 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 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, but a separate flood insurance policy from FEMA’s National Flood Insurance Program or a private insurer can offer coverage. Some insurers may 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 percent 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 on 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.