Best homeowners insurance in Connecticut of 2022
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. Homeowners insurance is typically required by mortgage lenders and provides you and your family with financial protection in case you suffer a catastrophic loss.
If you are shopping for the best homeowners insurance in Connecticut, you may be feeling overwhelmed by the number of insurance companies and coverage types available. Bankrate’s insurance editorial team has researched average premiums, coverage options, discounts and third-party scores to help make your insurance search easier.
Best home insurance in companies in Connecticut
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, along with other information provided on carrier websites.
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 coverage||J.D. Power score|
|Vermont Mutual||$535||Not rated|
American Family, commonly known as AmFam, offers an average premium for homeowners insurance that is below the Connecticut average. You may have the option to customize your policy by adding optional coverage like equipment breakdown, water backup, credit theft protection or matching siding. And if you are looking to save as much as possible, American Family offers an extensive menu of discounts, 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 Connecticut home insurers Bankrate reviewed, which may not be surprising given the company’s reputation for excellent customer service. 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% of your annual policy premium.
Learn more: Amica Insurance review
Farmers’ average homeowners insurance 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 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
State Farm is the largest homeowners insurance company in the U.S., with over 17% 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 network of local agents across Connecticut who can help you choose coverage that fits your situation.
Learn more: State Farm Insurance review
Vermont Mutual is a regional insurer that offers homeowners insurance 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 premium 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 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.
Frequently asked questions
What is the cheapest homeowners insurance in Connecticut?
The cheapest homeowners insurance in Connecticut will be different for every policyholder. Your annual premium is based on a number of factors, including the age of your home, the size of the structure and property, geographic location, building materials used, your claims history and the coverage 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 coverage types you would like to purchase, although an agent can help you choose coverage. You will also need your address and date of birth. Once you choose an insurer, an agent or company representative will walk you through 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, although an HO-3 is the standard policy most insurers write. You may also customize your policy with additional coverage through endorsements or floaters. Reviewing your policy with your agent is generally the best way to understand the specific coverage you have. Your policy also includes a declarations page which highlights coverage and limits, deductibles and the claims-filing process.
When can a company cancel my homeowners insurance policy?
Your homeowners insurance policy can only be cancelled for two reasons. If you do not pay the premium, an insurance carrier can cancel your policy. Additionally, if you are found to have commited fraud or misrepresented yourself or your home on the application (for example, declining to disclose that you have an ineligible type of plumbing), an insurance company can cancel your policy. However, you may want to note that there is a difference between a cancellation and a nonrenewal. A cancellation happens midterm, whereas a nonrenewal only happens at your renewal date. Your policy could be nonrenewed for additional reasons. If your home insurance is cancelled, there are steps you can take to find replacement coverage.
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.