The Best Cheap Homeowners Insurance in Bridgeport, Connecticut for 2022: Quotes and Reviews
The average cost of homeowners insurance in Bridgeport, Connecticut, is $1,649 yearly or $137 monthly. These prices, however, vary from insurer to insurer. ASI is the cheapest option in Bridgeport, at an average of $1,032 annually, while Chubb is the most expensive, at roughly $2,517 annually. This means you can save around $1,485 by shopping around. If you want the best blend of cost and quality, MoneyGeek ranked the best homeowners insurance companies in Bridgeport.
REVIEW HOME INSURANCE RATES
Ensure you're getting the best rate for your home insurance. Compare quotes from the top insurance companies.
The Cheapest and Best Homeowners Insurance in Bridgeport
The Cheapest Home Insurance Companies in Bridgeport
Cost is an important consideration when looking for a home insurance policy in Bridgeport since most companies provide similar core coverages.
For the average homeowner in Bridgeport, the cheapest home insurance companies offering a policy with $250,000 in dwelling coverage are:
- ASI: $1,032 per year
- Farmers: $1,363 per year
Meanwhile, the most affordable companies for home insurance with $2 million in dwelling coverage are, on average:
- ASI: $6,527 per year
- USAA: $7,698 per year (only available to current and former military members)
You can use the table below to see how prices can change when you adjust your dwelling coverage limits.
The Cheapest Home Insurance in Bridgeport, Ranked
Scroll for more
All the policies with the initial baseline dwelling coverage of $250,000 have personal property limits of $100,000, while those with dwelling coverage of $2 million have personal property limits of $800,000. Regardless of dwelling coverage limits, all policies have $100,000 in liability coverage.
If you live elsewhere in the state, you can check out MoneyGeek’s guide on the cheapest homeowners insurance in Connecticut.
The Average Cost of Homeowners Insurance in Bridgeport for 2022
The average annual cost of homeowners insurance in Bridgeport is $1,649, which is the same as the state average. It’s also $454 cheaper than the national average of $2,103 per year.
Calculate the Cost of Home Insurance in Bridgeport
Where you live plays a significant role in determining the cost of your home insurance in Bridgeport. However, other factors, including your dwelling coverage limit, your credit score and personal property coverage limit, also have an impact on your premiums.
You can compare quotes in your state using MoneyGeek’s home insurance calculator.
Home Insurance Calculator
These are annual estimates. Get a personalized quote to determine your costs.
The Best Home Insurance Companies in Bridgeport
When shopping for the best homeowners insurance in Bridgeport, the cost should not be the only factor you take into consideration. You should also look at an insurer’s customer service and financial stability. This way, you’re assured that it can reimburse you quickly and fairly if you make a claim.
The best homeowners insurance companies in the city are:
- Best Overall: USAA (only available to military families)
- Runner-up: ASI
MoneyGeek ranked home insurance companies in Bridgeport using a scoring system that evaluates affordability, user satisfaction and financial stability.
Available for military families, MoneyGeek found that USAA is the best overall company in Bridgeport because of its high ranking in multiple categories and perfect score in customer service.
USAA offers unique coverages, such as home-sharing coverage. This protects policyholders who rent out a room or their home against the costs associated with being a landlord. Additionally, active military members are covered in case they lose their uniforms with no deductible applied.Read MoneyGeek's USAA home Insurance Review
ASI is the second-best option in Bridgeport as it earned high scores in all categories, especially in affordability. ASI offers medical payments.
ASI offers medical payments, which cover medical costs in case guests get injured in your home or on your property. This insurer also covers its policyholders’ living expenses, such as room, laundry and meals, if they have to live elsewhere while their home is being repaired.Read MoneyGeek's ASI home Insurance Review
Cheapest Home Insurance Companies in Bridgeport for Newly Constructed Homes
In Bridgeport, home insurance for newly constructed homes is usually cheaper than for older homes. This is because they use modern materials that are more resistant to damage, reducing the probability of homeowners making a claim. Plus, newer materials are easier for insurance companies to replace.
As a result, newly constructed homes cost an average of $1,285 per year to insure, while homes built in 2000 cost an average of $1,649 per year to insure.
On average, the cheapest companies in Bridgeport for newly constructed homes with $250,000 in dwelling coverage are:
- ASI: $628 per year
- Farmers: $1,064 per year
The Cheapest Home Insurance in Bridgeport for New Homes, Ranked
Scroll for more
Cheapest Home Insurance Companies in Bridgeport if You Have a Lot of Personal Property
Your home insurance covers damage to any personal property you keep in your home. If you want to insure more personal property, you will have to pay higher premiums. In Bridgeport, it costs an average of $1,831 per year to get personal property limits of $250,000 versus an average of $1,649 per year for $100,000 in personal property coverage limits.
On average, the companies offering the cheapest homeowners insurance in Bridgeport with high personal property limits are:
- ASI: $1,181 per year
- Farmers: $1,408 per year
Cheap Companies in Bridgeport for Extra Personal Property Coverage
Scroll for more
Cheapest Home Insurance Companies in Bridgeport for High Deductibles
Your deductible, which is the amount you will pay out of pocket when you file a claim, can affect your homeowners insurance costs in Bridgeport. A higher deductible leads to a less expensive annual premium but will cost you less if you file a claim and vice versa.
In Bridgeport, a policy with a $2,000 deductible costs approximately $1,447 per year, while a policy with a $1,000 deductible costs roughly $1,649 per year.
On average, the most affordable insurers in the city for a policy with a $2,000 deductible are:
- ASI: $940 per year
- Farmers: $1,285 per year
The Cheapest Companies in Bridgeport for High Deductibles, Ranked
Scroll for more
Cheapest Home Insurance Companies in Bridgeport if You Have Poor Credit
Insurance companies in Bridgeport take into account your credit score when calculating your insurance costs. If you have poor credit, you will pay more for home insurance.
The average cost of a policy for homeowners with poor credit in the city is $2,834 per year, while a policy for those with good credit costs an average of $1,649 per year.
On average, the cheapest insurers in Bridgeport for homeowners with poor credit are:
- ASI: $1,429 per year
- Allstate: $1,757 per year
The Cheapest Companies in Bridgeport for Poor Credit, Ranked
Scroll for more
Getting Online Homeowners Insurance Quotes in Bridgeport
To get an online quote for homeowners insurance in Bridgeport, you will need to provide several pieces of information, including:
- Home replacement cost: This is the amount it would cost to rebuild your home and determines your dwelling coverage limit. The best way to get an accurate estimate is to hire a building contractor or construction professional.
- Personal property value: The value of your personal items will determine your personal property coverage limits.
- Personal information: You will have to provide personal information, such as your address, the number of people living with you and your insurance history.
- House details: Insurance companies will ask you for certain details about your house, like when it was constructed, how big it is and whether you have safety devices.
Homeowners Insurance in Bridgeport Analysis: Methodology
MoneyGeek analyzed home insurance premiums from 10 companies in Bridgeport. The data used was provided in partnership with Quadrant. The customer satisfaction scores used in this study were drawn from J.D. Power surveys. To calculate affordability scores, quotes were collected for a home with varying coverage levels.
The base profile used was for a homeowner with a 2,500-square-foot home built in 2000 with dwelling coverage of $250,000, personal property coverage of $100,000 and liability coverage of $100,000. All the policies had the same deductible of $1,000.
Quotes were also collected for homeowners with newly constructed homes, increased dwelling and personal property coverage limits, higher deductibles and poor credit scores.
About the Author
- ASI. "Homeowners Insurance." Accessed March 18, 2022.