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Jon-David Walden
Jon-David WaldenChartered Private Risk & Insurance Advisor (CPRIA) | Risk Consultant

The 5 Best Homeowners Insurance Companies in Connecticut

When looking for the best home insurance in Connecticut, you should look at factors like the cost of your premiums, the coverage options on offer, the company’s ability to pay claims and the quality of the customer service.

To help you choose the best home insurance in Connecticut, MoneyGeek ranked the top five companies in Connecticut based on factors like policy costs, J.D. Power customer satisfaction scores and the company’s ability to pay claims based on AM Best’s financial stability ratings.


1

USAAScore: 92

4.2/5

Affordability

5/5

User Satisfaction

5/5

Financial Stability


USAA often has affordable prices and exemplary customer service. It has different policies you can bundle, and its mobile app has features for most transactions.

2

FarmersScore: 89

4.5/5

Affordability

4.6/5

User Satisfaction

4/5

Financial Stability


Farmers lets customers customize their insurance plans and add coverage for multi-policy combos, home contents, eco rebuild and identity management. Useful features such as an inventory tool, online quote system, online claims system, online bill payment and a feature-rich mobile app can also add significantly to your experience.

Read MoneyGeek's Farmers Home Insurance Review

3

TravelersScore: 87

4.4/5

Affordability

3.9/5

User Satisfaction

5/5

Financial Stability


Travelers provide coverage for dwellings, personal property, liability protection and medical coverage for guests. The policy can also cover rebuilding, replacing and repairing your home with green materials if your home is a certified green home. There is support for online claims applications, online bill payments, a rate calculator and a mobile app.

Read MoneyGeek's Travelers Home Insurance Review

4

MetLifeScore: 86

4.4/5

Affordability

4/5

User Satisfaction

4.5/5

Financial Stability


MetLife provides guaranteed replacement cost coverage for your home and your belongings. It has comprehensive packages with safety discounts and identity theft protection. The MetLife website is a comprehensive and detailed source of information but does not provide tools for home inventory and online claims.

Read MoneyGeek's MetLife Home Insurance Review

5

State FarmScore: 86

4.2/5

Affordability

4.1/5

User Satisfaction

5/5

Financial Stability


State Farm offers a wide gamut of plans covering dwellings, personal liability, guest medical payments and personal property. It also covers energy efficiency and safety upgrades in Connecticut. State Farm’s website or mobile app has features that can make claims, and the company also has an online quoting system.

Read MoneyGeek's State Farm Home Insurance Review

What Is the Average Cost of Homeowners Insurance in Connecticut?

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home insurance is 0.0% more than the average.

In Connecticut, home insurance for a baseline dwelling coverage amount of $250,000 comes to an average cost of $1,649 per year. Compared with the national average of $2,103, this is about 21.6% cheaper, costing about $454 less on average. Carriers use different factors and metrics to determine insurance rates for individual customers based on their risk profile. Home values, weather conditions, crime rates and susceptibility to natural calamities can figure significantly in these calculations.

Home Insurance Calculator: Estimate the Cost of Homeowners Insurance in Connecticut

Many factors relating to your current situations and inherent facts about your area determine your homeowners insurance costs in Connecticut. Companies can consider factors like your home’s age, your credit score, frequency of past claims and your proximity to a local fire department as important metrics to determine your premium costs.

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Home Insurance Calculator

State

Connecticut

Dwelling Coverage

$250,000

Deductible

$500

Liability

$300,000

Personal Property

$150,000

Credit Score

Excellent
moneygeek-logo

low end

on average

high end

These are annual estimates. Get a personalized quote to determine your costs.

The Cheapest Homeowners Insurance Quotes in Connecticut

If you are on the lookout for cheap homeowners insurance in Connecticut, ASI may be the most affordable option you could find. Homeowners with an ASI policy pay an average premium of $1,032 per year for Connecticut’s baseline dwelling coverage amount of $250,000. This average price is 37.4% less than the state average, coming to an average of $617 less per year. Dwelling coverage typically refers to repairing or rebuilding your home if it gets damaged due to specific circumstances covered in the policy, like fire, hurricanes, floods, theft or vandalism. To find the most affordable option for your needs, compare homeowners insurance quotes from different providers.

Cheapest Homeowners Insurance by Dwelling Coverage

Dwelling Coverage:

$250,000
Company
Amountper year
1. ASI
In 2020, ASI ranked #1 for the cheapest homeowners insurance with $250,000 in dwelling coverage in Connecticut.
$1,032
2. Farmers
In 2020, Farmers ranked #2 for the cheapest homeowners insurance with $250,000 in dwelling coverage in Connecticut.
$1,363
3. MetLife
In 2020, MetLife ranked #3 for the cheapest homeowners insurance with $250,000 in dwelling coverage in Connecticut.
$1,483
4. Travelers
In 2020, Travelers ranked #4 for the cheapest homeowners insurance with $250,000 in dwelling coverage in Connecticut.
$1,499
5. USAA
In 2020, USAA ranked #5 for the cheapest homeowners insurance with $250,000 in dwelling coverage in Connecticut.
$1,638

Best Cheap Homeowners Insurance Companies for Expensive Homes

If you own an expensive home, you would want to get the best home insurance policy you can find for financial security and peace of mind. For a $2 million home in Connecticut, the least expensive option is a policy from ASI. On average, you would be spending $6,527 per year to insure your home with ASI. Similar policies from other insurance providers can cost up to three times as much, so you can save significantly by comparing quotes.

Cheapest Homeowners Insurance Companies for High-Value Homes
Company
Amountper year
1. ASI
In 2020, ASI ranked #1 in Connecticut for the cheapest homeowners insurance for high-value homes.
$6,527
2. USAA
In 2020, USAA ranked #2 in Connecticut for the cheapest homeowners insurance for high-value homes.
$7,698
3. Farmers
In 2020, Farmers ranked #3 in Connecticut for the cheapest homeowners insurance for high-value homes.
$8,882
4. State Farm
In 2020, State Farm ranked #4 in Connecticut for the cheapest homeowners insurance for high-value homes.
$10,556
5. Homesite
In 2020, Homesite ranked #5 in Connecticut for the cheapest homeowners insurance for high-value homes.
$11,280

Best Homeowners Insurance Companies if You Have a Pool

If your home in Connecticut has a pool, it can impact your insurance costs and the level of coverage you need. For an average dwelling cost of $250,000, insurance rates for pool homes can vary among providers. The cheapest option is provided by ASI, with an average cost of $973 per year.

Cheapest Homeowners Insurance for Pool Home
Company
Amountper year
1. ASI
In 2020, ASI ranked #1 in Connecticut for the cheapest homeowners insurance for homes with a pool.
$973
2. Travelers
In 2020, Travelers ranked #2 in Connecticut for the cheapest homeowners insurance for homes with a pool.
$1,261
3. Farmers
In 2020, Farmers ranked #3 in Connecticut for the cheapest homeowners insurance for homes with a pool.
$1,384
4. State Farm
In 2020, State Farm ranked #4 in Connecticut for the cheapest homeowners insurance for homes with a pool.
$1,622
5. USAA
In 2020, USAA ranked #5 in Connecticut for the cheapest homeowners insurance for homes with a pool.
$1,638

Cheapest Home Insurance in Connecticut if You Have Poor Credit

In Connecticut, credit score is one of the many factors insurance companies use to determine insurance costs. Improving your credit score can help you save on insurance premiums, while having a poor credit score can make premiums more expensive. If you have poor credit, ASI has the cheapest policy you can find in Connecticut. An ASI policy for a dwelling coverage baseline amount of $250,000 could cost you an average of $1,429 per year.

Cheapest Homeowners Insurance for Poor Credit
Company
Amountper year
1. ASI
In 2020, ASI ranked #1 for the cheapest homeowners insurance for owners with poor credit in Connecticut.
$1,429
2. Allstate
In 2020, Allstate ranked #2 for the cheapest homeowners insurance for owners with poor credit in Connecticut.
$1,757
3. Farmers
In 2020, Farmers ranked #3 for the cheapest homeowners insurance for owners with poor credit in Connecticut.
$1,847
4. Amica Mutual
In 2020, Amica Mutual ranked #4 for the cheapest homeowners insurance for owners with poor credit in Connecticut.
$2,613
5. Travelers
In 2020, Travelers ranked #5 for the cheapest homeowners insurance for owners with poor credit in Connecticut.
$2,751

How to Get Homeowners Insurance Quotes in Connecticut

You would need to disclose certain relevant information, such as your name, address, phone number, and Social Security number, to your insurance provider if you are looking for home insurance in Connecticut. Additionally, you would need to disclose the value of your home and its contents, details of its construction and materials, add-ons like pools and solar panels, security systems and the presence of valuable items. With these details, your provider would come up with a personalized quote for your policy premium.

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Other Considerations for Homeowners Insurance in Connecticut

Several other factors might also come into play when determining your annual home insurance costs. Weather risks and crime statistics can figure heavily in this equation. For example, according to a 2018 FBI study, Connecticut ranked 38th in the country for property crime rate per 100,000, with 7,411 violent crimes and 60,055 property crimes. When it comes to home value, the state ranks 21st with a typical average cost of $255,555 per home.

It is a good idea to remain prepared for emergencies, especially those brought on by hazardous weather conditions. By including coverage for natural calamities like hurricanes and floods, your financial burden for repairing your home may be easier to manage if a disaster strikes.


Do You Need Hurricane Insurance in Connecticut?This is an icon

Hurricane insurance can be a good idea if you live in Connecticut. Among all states, Connecticut is one of 19 where homes are at risk due to storms. A category 3 hurricane has the potential to affect 46,186 homes in the state, with average repair costs per home at $15,670. You may also need to purchase flood and windstorm insurance separately, even if you have hurricane insurance.

Do You Need Flood Insurance in Connecticut?This is an icon

A number of Connecticut homes can suffer from flood damage. About 10.1% — or 106,700 — properties in the state are at risk of being damaged by floods. Some providers may not have flood coverage, so you might look into a National Flood Insurance Program (NFIP) policy, run by the government if your community participates. You might also need to buy an incremental private policy for a more significant average amount.

Do You Need Windstorm Insurance in Connecticut?This is an icon

Windstorm insurance can be a good option in Connecticut as an add-on for your hurricane insurance. This way, your home will be financially protected if there is any damage due to high winds resulting from storms or hurricanes.

Expert Advice on Home Insurance in Connecticut

  1. What advice would you give for first-time buyers looking for homeowners insurance in your state?

    As a first-time home buyer, understanding what you are purchasing is imperative. Working with an independent agent who is knowledgeable and takes the time to educate the buyer will pay dividends for the home buyer in the long run. Your agent should not rush through the process. They should be thoughtful and take the time needed for every buyer type. Independent insurance agents are YOUR advocate, not the insurance company’s advocate.

  2. How do regulations and laws in your state impact the amount or type of coverage a homeowner should buy?

    One recent change that affects homeowners is the qualified immunity bill. Police officers who own or are purchasing homes should have a conversation with their agent regarding the bill and how it affects their personal liability, as they can be sued in civil court for damages. Insurance carriers now have to calculate this risk differently, which will increase premiums for many.

  3. Are there any environmental factors homeowners should consider when selecting a home insurance plan in your state?

    Purchasing a home that is in a low-lying area but might not necessarily be in a highly active flood zone should require some planning. The remapping of flood zones had immense financial consequences for homeowners close to water. Homes that had premiums for flood insurance under $1,000 annually shot up to over $10,000 in some cases. I know personally of one insured who pays over $30,000 a year just for flood insurance and is required by the bank he has his mortgage with. If the ocean water rises faster, we may see homes that will no longer be able to purchase standard insurance. They will end up in the excess markets, which is costly.


Jon-David Walden
Jon-David WaldenChartered Private Risk & Insurance Advisor (CPRIA) | Risk Consultant

Methodology

MoneyGeek analyzed homeowners insurance premiums from 16 of the top insurance companies in Connecticut that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across Connecticut. Quotes were gathered with an average home profile of 2,500 square feet, built in 2000, with an average dwelling coverage value of $250,000, liability coverage of $100,000 and personal property coverage of $100,000.

Sources