Best Homeowners Insurance in Connecticut (2024)


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Updated: October 3, 2024

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Chubb is Connecticut's best home insurance company overall, while State Farm offers the most affordable rates and is ideal for luxury homes. Travelers is the best choice for new homeowners, providing tailored coverage despite not being the cheapest option. Our comparisons use a $100,000 dwelling coverage limit, but other coverage amounts may impact your premium.

For those on a budget, MoneyGeek also analyzed the cheapest home insurance in Connecticut regardless of service quality.

MoneyGeek Logo IconBest HomeInsuranceConnecticut
2024

Why Trust MoneyGeek? We analyzed data from the Connecticut Department of Insurance and Quadrant Information Services to identify the best homeowners insurance options in the state.

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Home insurance rates in Connecticut represent the latest quotes as of July 2024.

1,382,400Quotes Analyzed
 
8Companies Compared
 
13ZIP Codes

Overall Best Homeowners Insurance in Connecticut

Chubb offers the best homeowners insurance in Connecticut, excelling in both value and customer satisfaction.

  • Chubb: MoneyGeek score of 93 out of 100 ($1,163 per year)
  • State Farm: MoneyGeek score of 90 out of 100 ($772 per year)

Homeowners have many insurance options, each varying in cost and customer service. Find the right balance between affordability and reliable service to meet your needs.

Company logo for Chubb
Best OverallChubb
MoneyGeek Score:
93/ of 100

Overview

Chubb leads in customer service and coverages in Connecticut. The average annual premium is $1,163.

It provides savings through discounts for newer and updated homes, benefitting those who invest in maintaining and upgrading their properties.

Best Homeowners Insurance in Connecticut for Customer Service

Chubb provides the best service quality among home insurance companies in Connecticut.

  • Chubb: MoneyGeek score of 100 out of 100 ($1,135 per year)
  • Travelers: MoneyGeek score of 82 out of 100 ($3,988 per year)

High service quality ensures timely responses and reliable claims support, especially after stressful events like natural disasters.

Company logo for Chubb
Best for ServiceChubb
MoneyGeek Score:
100/ of 100

Overview

Chubb excels with a perfect customer satisfaction score of 65 out of 65. Add-ons include guaranteed replacement cost, ensuring homes are rebuilt to their original state regardless of cost increases, and building ordinance or law, covering extra expenses to meet current codes.

Best Cheap Homeowners Insurance in Connecticut

State Farm offers the best affordable home insurance for those on a tight budget. Here are the top providers of the cheapest homeowners insurance in Connecticut:

  • State Farm: MoneyGeek score of 93 out of 100 ($772 per year)
  • Chubb: MoneyGeek score of 91 out of 100 ($1,163 per year)

State Farm excels with an affordability score of 72 out of 75. However, low premiums don't always guarantee the best service. Consider both service quality and the average cost of homeowners insurance in Connecticut, as a slightly higher rate might offer better support during claims.

Company logo for State Farm
Best CheapState Farm
MoneyGeek Score:
93/ of 100

Overview

State Farm offers Connecticut homeowners budget-friendly options, with an average annual premium of $772.

Homeowners can reduce premiums by bundling policies and installing protective devices like smoke alarms. Add-ons include scheduled personal property, protecting valuables like cameras and musical instruments against loss or damage, and building ordinance or law, for rebuilding to current building codes after a covered loss.

Best Homeowners Insurance in Connecticut for Expensive Homes

State Farm offers the best insurance for expensive homes in Connecticut. Here are the top choices for homeowners needing $1 million in dwelling coverage:

  • State Farm: MoneyGeek score of 92 out of 100 ($4,170 per year)
  • Chubb: MoneyGeek score of 82 out of 100 ($9,313 per year)

As high-value homes require more comprehensive coverage, finding a provider like State Farm that delivers an optimal balance of value and quality is crucial.

Company logo for State Farm
Best for Expensive HomesState Farm
MoneyGeek Score:
92/ of 100

Overview

State Farm leads with a perfect affordability score of 55 out of 55, offering an average annual premium of $4,170.

Discounts like protective device savings can further reduce premiums for expensive homes. State Farm also offers scheduled personal property and building ordinance or law coverages.

Best Homeowners Insurance in Connecticut for New Homes

Travelers offers the best insurance for new homes in Connecticut.

  • Travelers: MoneyGeek score of 80 out of 100 ($3,218 per year)
  • Chubb: MoneyGeek score of 63 out of 100 ($4,117 per year)

With outstanding affordability and customer satisfaction scores, Travelers offers an exceptional balance of cost efficiency and service quality for home insurance.

Company logo for Travelers
Best for New HomesTravelers
MoneyGeek Score:
80/ of 100

Overview

Travelers stands out with an affordability score of 55 out of 55 and an average annual premium of $3,218. It offers scheduled personal property coverage for valuables like jewelry and art. Homeowners can save through discounts for newly purchased homes and eco-friendly renovations.

Best Homeowners Insurance in Connecticut for Veterans

USAA is the leading homeowners insurance company for veterans in Connecticut.

  • USAA: MoneyGeek score of 91 out of 100 ($868 per year)
  • Chubb: MoneyGeek score of 87 out of 100 ($1,135 per year)

USAA exclusively serves military families, providing reliable coverage despite frequent relocations and deployments.

Company logo for USAA
Best for VeteransUSAA
MoneyGeek Score:
91/ of 100

Overview

USAA earns an affordability score of 52 out of 55 and a perfect customer satisfaction score of 30 out of 30. Its average annual premium is $868.

The personal property replacement cost coverage ensures replacing items at full value without deducting for depreciation. USAA also offers discounts for smart home technology users and long-term policyholders.

How to Find the Best Homeowners Insurance in Connecticut for You

The best homeowners insurance companies balance strong coverage and excellent customer service with affordable premiums. To find the right policy for your needs, follow these steps:

1
Assess Your Insurance Needs

Determine how much home insurance coverage you need by assessing the value of your home and belongings. Consider replacement costs and specific risks associated with your location to ensure adequate protection.

2
Research Various Providers

Look into reputable insurers, focusing on their track records, customer service, response times and financial stability.

3
Compare Coverage and Costs

Gather quotes from multiple insurers, ensuring the coverage terms are comparable. Use online tools to compare home insurance quotes to speed up the process and check premium differences for similar policies.

4
Understand the Policy Details

Review policies carefully to understand the coverage limits, deductibles, exclusions and the claims process that affect coverages and out-of-pocket costs.

5
Consult With an Independent Agent

Seek advice from an independent insurance agent. They can help identify your needs, clarify policy complexities and find applicable discounts.

FAQ: Homeowners Insurance in Connecticut

Selecting the best homeowners insurance provider depends on your coverage needs and financial situation. To help you choose, we've answered common questions about home insurance in Connecticut.

Which company is best for home insurance in Connecticut?
Who has the most affordable homeowners insurance in Connecticut?

About Mark Fitzpatrick


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Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.