Best homeowners insurance in Connecticut of 2021
Connecticut may be a small state, but it has over 3.5 million residents and the state boasts a 66% homeownership rate. The average cost of Connecticut homeowners insurance is $1,184 per year for $250,000 in dwelling coverage, or about $99 per month. Although not legally required, homeowners insurance could be an important part of your financial plan.
If you are shopping for the best homeowners insurance in Connecticut, you may be feeling overwhelmed by the number of insurance companies and coverages available. Bankrate’s insurance editorial team has researched average premiums, coverages, discounts and third-party scores to help make your insurance search easier.
Best home insurance in companies in Connecticut
When researching Connecticut home insurance companies, 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 coverages, 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||Average annual premium for $250k dwelling||J.D. Power score|
|American Family||$1,108||821 / 1,000|
|Amica||$1,109||853 / 1,000|
|Farmers||$1,448||814 / 1,000|
|State Farm||$973||829 / 1,000|
|Vermont Mutual||$535||Not rated|
American Family, widely known as AmFam, offers an average premium for homeowners insurance that is below the Connecticut average. You may have the option to personalize your policy by adding optional coverages like equipment breakdown, water backup, credit theft protection or matching siding. And if you are looking to save as much as possible, American Family’s list of discounts is extensive, including savings for newer homes, loyal customers and renovated homes.
Learn more: American Family Insurance review
Amica received the highest J.D. Power score of the companies on our list, which may not surprising, given the company’s reputation for excellent customer service. Amica offers several optional coverages 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% of your annual policy premium.
Learn more: Amica Insurance review
Farmers’ average premium may be higher than Connecticut’s average premium, but it may still be worth getting a quote. Farmers offers home insurance in three packages: standard, enhanced and premier. Within these packages, you can choose optional coverages to tailor your policy to your needs. You may also be able to save by not smoking, installing a home alarm system or bundling your policies.
Learn more: Farmers Insurance review
State Farm is the largest homeowners insurance company in the country, with over 17% of the market share. If you like working with a local agent in person, State Farm may be a good choice. In addition to an above-average J.D. Power score, the company has a nationwide network of agents across the country and state who may be able to help you choose coverages that fit your situation.
Learn more: State Farm Insurance review
Although it has “Vermont” in the name, Vermont Mutual also sells coverage in Connecticut. If you are looking for low average rates, you may want to get a quote from Vermont Mutual. The company’s average rate in Connecticut is far below the state’s average. The company sells its insurance through local independent agents who may be well equipped to understand the specific needs of Connecticut homeowners.
Learn more: Vermont Mutual Insurance review
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 than the national average due to reduced likelihood of experiencing higher category hurricanes that can leave devastating impacts on homes. Unlike other coastal states such as Florida and Mississippi, Connecticut homes are generally a bit safer from natural disasters. And in neighboring state, Massachusetts, homeowners pay an average of $1,307 annually for homeowners insurance coverage.
However, homeowners insurance in Connecticut can still be expensive because of its location on the coast. Homes near the coastline may be more susceptible to damage from wind, rain and hurricanes, which can cause extensive damage. Additionally, Connecticut’s snowy winter climate could also increase the risk of cold-weather home damage, such as burst pipes 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 home insurance coverage needs. The common causes of loss in Connecticut might inform what coverages you choose to purchase.
Common causes of loss 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. 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.
When shopping for homeowners insurance, you may want to talk to a company representative or 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 coverages 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. Some companies offer flood insurance endorsements as well. 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, even if you are not in a dedicated flood zone.
- 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 company 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 coverages, so talking with an agent may be helpful when choosing coverages.
Frequently asked questions
What is the cheapest homeowners insurance in Connecticut?
The cheapest homeowners insurance in Connecticut will be different for every person. Your annual premium is based on a number of factors, including the age of your home, the size of the home, where your home is located, the building materials used, your claims history and the coverages you choose. Getting quotes from multiple companies may help you find the coverage you are looking for at a lower price.
How do I get homeowners insurance in Connecticut?
Many companies offer online quotes, or you may be able to call a company or visit a local agency. To get a quote, you will need some information about your home, like the year it was built, the age of your roof and an idea of the coverages you would like to purchase, although an agent can help you choose coverages. You will also need your address and date of birth. Once you choose a company, a representative can let you know the steps needed to purchase a policy.
What is covered under my homeowners insurance policy?
The situations covered by your policy depend on what type of home insurance policy you have. There are numerous homeowners insurance policy forms and each one covers a different set of perils. You may also have added additional coverages with endorsements. Reviewing your policy with your agent is generally the best way to understand the specific coverages on your policy.
Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on 40-year-old male and female homeowners with a clean claim history, good credit and the following coverage limits:
- Coverage A, Dwelling: $250,000
- Coverage B, Other Structures: $25,000
- Coverage C, Personal Property: $125,000
- Coverage D, Loss of Use: $50,000
- Coverage E, Liability: $300,000
- Coverage F, Medical Payments: $1,000
The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).
These are sample rates and should be used for comparative purposes only. Your quotes will differ.