besthome insuranceNew HavenThe Best Cheap Homeowners Insurance in New Haven, Connecticut for 2023: Quotes and Reviews
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besthome insuranceNew HavenThe Cheapest and Best Homeowners Insurance in New Haven
The Cheapest Home Insurance Companies in New Haven
Since many providers in New Haven offer the same basic coverages, price should be a key consideration when shopping for home insurance.
MoneyGeek identified the cheapest homeowners insurance in New Haven, with $250,000 in dwelling coverage, as:
- ASI: $1,266 per year
- Travelers: $1,614 per year
USAA is another cost-effective option, but it is only available to current and past military members and their families.
The cheapest providers in New Haven for more expensive homes, with $2 million in dwelling coverage, are:
- ASI: $8,056 per year
- Farmers: $10,798
USAA is the second-cost effective option for $2 million in dwelling coverage, but its policies are available only to veterans and military families.
Change the dwelling coverage limits — the coverage for the structure of your home, but not the contents and land — in the table below to see how premiums fluctuate.
The Cheapest Home Insurance in New Haven, Ranked
Dwelling Coverage:
$250,000
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Policies with initial baseline dwelling coverage include personal property coverage limits of $100,000, whereas policies with $2 million in dwelling coverage include personal property limits of $800,000. Meanwhile, any insurance policy's minimum liability coverage is $100,000.
If you live in a different city, you can explore other alternatives for home insurance in Connecticut.
The Average Cost of Homeowners Insurance in New Haven for 2022
New Haven$1,878
CT$1,649
U.S.$2,103
Depending on the home’s location, its age and building type, the cost of homeowners insurance in New Haven may vary. The city’s average cost of homeowners insurance is $1,878, which is higher than the state average of $1,649, but lower than the national average of $2,103.
Calculate the Cost of Home Insurance in New Haven
The cost of homeowners insurance in New Haven is determined by your location, credit score, and the amount of dwelling coverage and personal property coverage you get. Using MoneyGeek's home insurance calculator, you can compare homeowners insurance quotes in New Haven.
Home Insurance Calculator
State
Connecticut
Dwelling Coverage
$250,000
Deductible
$500
Liability
$300,000
Personal Property
$50,000
Credit Score
Excellent
low end
on average
high end
These are annual estimates. Get a personalized quote to determine your costs.
The Best Home Insurance Companies in New Haven
The financial stability and customer service ratings of homeowners insurance companies in New Haven will affect whether claims are processed swiftly and accurately. MoneyGeek ranked home insurance companies based on affordability, user satisfaction and financial soundness.
MoneyGeek’s analysis shows that the best homeowners insurance companies in New Haven are:
- Best Overall: USAA
- Runner-up: Amica Mutual
Please note that USAA policies are available only to veterans and military families.
1
USAA
Score:97
With an annual premium of $1,514, USAA emerged at the top in MoneyGeek's review of cost, satisfaction and financial stability. The company offers homeowners a number of rare, optional coverage options, including rental insurance.
More About USAA
USAA is a cost-effective option for current and past military members, as well as their families. If you live in New Haven, its home rental coverage protects you and your guests when you rent out a room or your entire home.
Read MoneyGeek's USAA home Insurance Review2
Amica Mutual
Score:91
Amica Mutual came in second in New Haven, with an annual cost of $1,852. The company offers discounts for alarm systems and for staying claim-free for three years.
More About Amica Mutual
Amica Mutual offers several optional add-on coverages, such as for damage caused by water backup or sump pump overflow. You can also opt for additional coverage for your computer and smart devices.
It is important to note that these "add-on" coverages must be acquired separately from your insurance and are not included by default. MoneyGeek considers it a huge advantage when insurance companies include these in their base price.
Read MoneyGeek's Amica Mutual home Insurance ReviewCheapest Home Insurance Companies in New Haven for Newly Constructed Homes
Owners of newly constructed homes are less likely to file a claim because such properties are more resistant to damage. In addition, materials for newly constructed homes are easier to replace. As a result, insuring newly constructed homes in New Haven is less expensive than insuring older homes.
A newly constructed home costs an average of $1,464 annually to insure, compared to a home built in 2000, which costs $1,878 per year.
The cheapest homeowners insurance companies in New Haven for new homes, with $250,000 in dwelling coverage, are:
- ASI: $770 per year
- Travelers: $1,149 per year
While USAA comes in as second-cheapest, we’ve omitted it from the list, because its policies are available exclusively to veterans and military families.
The Cheapest Home Insurance in New Haven for New Homes, Ranked
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Cheapest Home Insurance Companies in New Haven if You Have a Lot of Personal Property
Home insurance in New Haven also covers damage to personal objects stored in the home, but homeowners who want to protect more than the average amount of personal belongings will pay a higher premium. The average home insurance policy in New Haven costs $2,086 for $250,000 in personal property coverage limits, which is less than the national average of $2,103.
The cheapest home insurance providers in New Haven for $250,000 in personal property coverage limit are:
- ASI: $1,449 per year
- Travelers: $1,709 per year
Although USAA comes in second, we did not include it, because it offers policies only to veterans and military families.
Cheap Companies in New Haven for Extra Personal Property Coverage
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Cheapest Home Insurance Companies in New Haven for High Deductibles
The amount of your deductible may have a considerable impact on the cost of your homeowners insurance in New Haven. For instance, if you choose a higher deductible, you will pay more out of pocket if you file a claim, but your annual premium will be lower.
With a $2,000 deductible, the average cost of coverage is $1,649, compared to $1,878 with a $1,000 deductible.
The cheapest homeowners insurance providers in New Haven for consumers with $2,000 deductibles are:
- ASI: $1,154 per year
- Travelers: $1,445 per year
USAA is one of the cheapest options, but its policies are only offered to veterans and military families.
The Cheapest Companies in New Haven for High Deductibles, Ranked
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Cheapest Home Insurance Companies in New Haven if You Have Poor Credit
Homeowners with poor credit scores will pay more each year for home insurance in New Haven because your credit score is utilized as a grading component for insurance pricing. If you have bad credit, home insurance will cost you an average of $3,196, compared to $1,878 if you have good credit.
MoneyGeek's research found that the two cheapest homeowners insurance options in New Haven for persons with poor credit are:
- Allstate: $1,757 per year
- ASI: $1,766 per year
The Cheapest Companies in New Haven for Poor Credit, Ranked
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Getting Online Homeowners Insurance Quotes in New Haven
When researching homeowners insurance in New Haven, it's important to get multiple quotes, because the cost for the same basic coverage can vary substantially from one provider to the next. You will need to gather the following information to obtain homeowners insurance quotes online:
- Home replacement cost: This is the amount needed to rebuild your home in the event it is damaged or destroyed. To acquire an estimate, you'll need to speak with a contractor or a construction consultant.
- Personal property value: Home insurance can cover the value of your personal property or items in addition to the value of your home.
- Personal information: You will need to provide relevant information, such as your address, information on who lives in your home, insurance history and more.
- House information: The insurer will want to know when your house was built, how big it is and what safety equipment it contains, among other things.
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Ensure you're getting the best rate for your home insurance. Compare quotes from the top insurance companies.
Homeowners Insurance in New Haven Analysis: Methodology
MoneyGeek analyzed 10 home insurance companies in New Haven using Quadrant data and quotes for a home with various coverage levels to determine affordability scores. For a 2,500-square-foot home built in 2000, the base homeowner profile includes $250,000 in dwelling coverage, $100,000 in personal property coverage, $100,000 in liability coverage and a $1,000 deductible.
MoneyGeek also looked at J.D. Power's customer satisfaction ratings and got quotes for homeowners with newly built homes, additional dwelling and personal property coverages, and higher deductibles.
About Mark Fitzpatrick
sources
- Connecticut’s Official State Website. "Homeowners Insurance." Accessed March 17, 2022.