The Best Homeowners Insurance Companies and Cheapest Quotes in Connecticut for 2021

Protecting your home, family and possessions with the right home insurance plan can give you peace of mind as a homeowner, so it's crucial to do your research before selecting a policy. To help you shop for quotes, MoneyGeek has scored the top home insurance providers in Connecticut based on a unique ranking system. You can feel confident in your decision as a homeowner by choosing the best coverage for you. MoneyGeek also provides insurance options for those with an expensive property, a pool or bad credit.

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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
USAA
Score:92

4.2/5

Affordability

5/5

User Satisfaction

5/5

Financial Stability

More About USAA

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
Farmers
Score:89

4.5/5

Affordability

4.6/5

User Satisfaction

4/5

Financial Stability

More About Farmers

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
Travelers
Score:87

4.4/5

Affordability

3.9/5

User Satisfaction

5/5

Financial Stability

More About Travelers

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
MetLife
Score:86

4.4/5

Affordability

4/5

User Satisfaction

4.5/5

Financial Stability

More About MetLife

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 Farm
Score:86

4.2/5

Affordability

4.1/5

User Satisfaction

5/5

Financial Stability

More About State Farm

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 equal to 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

$50,000

Credit Score

Excellent
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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

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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

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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

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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

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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.

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.

About the Author


expert-profile

The MoneyGeek editorial team has decades of combined experience in writing and publishing information about how people should manage money and credit. Our editors have worked with numerous publications including The Washington Post, The Daily Business Review, HealthDay, and Time, Inc., and have won numerous journalism awards. Our talented team of contributing writers includes mortgage experts, veteran financial reporters, and award-winning journalists. Learn more about the MoneyGeek team.


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