Best and Cheapest Renters Insurance in Bridgeport, CT (Sept 2024)


Updated: September 13, 2024

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The best renters insurance company in Bridgeport, Connecticut is State Farm with a MoneyGeek score of 95 and an annual premium of $79. The cheapest renters insurance provider in Bridgeport, Connecticut is Allstate with a MoneyGeek score of 94 and an annual premium of $73.

The best homeowners insurance provider should offer a balance of customer service with affordability. For service quality, Travelers is the top choice with an annual premium of $344.
MoneyGeek also looked into the best and cheapest renters insurance in Connecticut for those who live elsewhere in the state.

MoneyGeek Logo IconBest & CheapestRentersBridgeport, CT
2024

Table of Contents

Why Trust MoneyGeek? To pinpoint the top renters insurance in Connecticut, we analyzed data from the Connecticut Department of Insurance and Quadrant Information Services right here in Bridgeport.

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Renters insurance premiums in Bridgeport represent the most competitive estimates as of September 2024.

2,880Quotes Analyzed
 
8Providers Analyzed
 
2ZIP Codes

Overall Best Renters Insurance in Bridgeport, CT

The best renters insurance in Bridgeport, Connecticut, is State Farm with a MoneyGeek score of 95 out of 100 and an annual premium of $79. The following providers are the top two best renters insurance providers in Bridgeport for a policy with $20,000 in personal property coverage, $100,000 in personal liability, and a $1,000 deductible.

  • State Farm: MoneyGeek score of 95 out of 100 ($79 per year)
  • Chubb: MoneyGeek score of 94 out of 100 ($99 per year)

The best provider in the state balances both cost and affordability. State Farm has perfectly balanced customer satisfaction and affordability, with an affordability score of 54 out of 55.

Company logo for State Farm
Best OverallState Farm
MoneyGeek Score:
95/ of 100

Overview

State Farm ranks first in financial stability in Bridgeport, Connecticut, with an annual premium of $79.
They offer cyber event / ID theft coverage, which includes identity restoration. This coverage helps renters recover from identity theft by providing support and financial assistance. Additionally, it protects against cyber events, ensuring renters' personal information remains secure.

Best Renters Insurance in Bridgeport, Connecticut
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
State FarmMoneyGeek Score95Annual Premium$ 79
ChubbMoneyGeek Score94Annual Premium$ 99
AllstateMoneyGeek Score91Annual Premium$ 73
FarmersMoneyGeek Score90Annual Premium$ 75
HomesiteMoneyGeek Score67Annual Premium$ 227
ASIMoneyGeek Score67Annual Premium$ 197
TravelersMoneyGeek Score62Annual Premium$ 344

Cheapest Renters Insurance in Bridgeport, CT

In Bridgeport, Connecticut, Allstate offers the cheapest renters insurance with an annual premium of $73 for $20,000 in personal property coverage. Personal property coverage helps protect your belongings in case of damage or theft. The following providers are the top two cheapest providers in Bridgeport for $20,000 in personal property coverage and a $1,000 deductible:

  • Allstate: $73 per year
  • Farmers: $75 per year

Cheap renters insurance policies often have low personal property coverage limits. While higher coverage limits can increase monthly costs, they offer better protection for those with many personal belongings. MoneyGeek rated the cheapest renters insurance in Bridgeport with minimal consideration for customer service.

Cheapest Renters Insurance in Bridgeport, Connecticut
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
State FarmMoneyGeek Score97Annual Premium$ 79
AllstateMoneyGeek Score94Annual Premium$ 73
ChubbMoneyGeek Score94Annual Premium$ 99
FarmersMoneyGeek Score93Annual Premium$ 75
ASIMoneyGeek Score68Annual Premium$ 197
HomesiteMoneyGeek Score64Annual Premium$ 227
TravelersMoneyGeek Score49Annual Premium$ 344

Cheapest Renters Insurance With a High Deductible Bridgeport, CT

In Bridgeport, Connecticut, Farmers offers the cheapest renters insurance for a policy with $20,000 in personal property coverage and a $2,000 deductible, with an annual premium of $67. A deductible can affect your rates. The following providers are the top two cheapest providers in Bridgeport for $20,000 in personal property coverage and a $2,000 deductible:

  • Farmers: $67 per year
  • State Farm: $67 per year

A higher deductible often leads to cheaper premiums, while a lower deductible means higher premiums. It’s important to balance both to ensure you can afford the deductible if you need to file a claim. Renters should consider their financial situation and risk tolerance when choosing a deductible.

Cheapest High Deductible Renters Insurance in Bridgeport, Connecticut
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Deductible:
Deductible:$ 2,000
FarmersMoneyGeek Score90Annual Premium$ 67
State FarmMoneyGeek Score95Annual Premium$ 67
AllstateMoneyGeek Score90Annual Premium$ 73
ChubbMoneyGeek Score93Annual Premium$ 96
ASIMoneyGeek Score65Annual Premium$ 197
HomesiteMoneyGeek Score67Annual Premium$ 212
TravelersMoneyGeek Score62Annual Premium$ 318
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HOW TO SET YOUR DEDUCTIBLE

When selecting a deductible for your insurance policy, ensure it's an amount you can pay out of pocket if you need to file a claim. If you can afford it, opting for a higher deductible could decrease your annual premiums, leading to savings over time while still providing the financial protection you need.

Best Renters Insurance for Customer Service in Bridgeport, CT

In Bridgeport, Connecticut, Travelers is the best renters insurance company for service quality, with an annual premium of $344. The following providers are the top two best providers in Bridgeport, Connecticut, for a policy with $20,000 in personal property coverage:

  • Travelers: MoneyGeek score of 96 out of 100 ($344 per year)
  • Chubb: MoneyGeek score of 93 out of 100 ($99 per year)

Great customer service is important for renters looking for insurance because it ensures a smooth and hassle-free experience, especially when filing a claim. When you make a claim, great customer service means you get timely assistance and clear communication, making the process less stressful. MoneyGeek scores renters insurance providers based on customer satisfaction surveys conducted by J.D. Power, which evaluate customer experiences and satisfaction levels.

Company logo for Travelers
Best Service QualityTravelers
MoneyGeek Score:
96/ of 100

Overview

Travelers ranks first in customer satisfaction and coverages in Bridgeport, Connecticut, offering an annual premium of $344.

Travelers provides contents replacement cost coverage, which ensures your personal property is replaced at its current value without depreciation. This is beneficial for renters as it covers losses based on replacement cost, subject to policy limits and deductibles.

Additionally, valuable items insurance protects high-value items like jewelry and fine art against a variety of losses, allowing renters to add higher coverage limits without needing appraisals or item listings.

Best Renters Insurance For Service Quality in Bridgeport, Connecticut
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
TravelersMoneyGeek Score96Annual Premium$ 344
ChubbMoneyGeek Score93Annual Premium$ 99
State FarmMoneyGeek Score86Annual Premium$ 79
HomesiteMoneyGeek Score78Annual Premium$ 227
AllstateMoneyGeek Score78Annual Premium$ 73
FarmersMoneyGeek Score77Annual Premium$ 75
ASIMoneyGeek Score63Annual Premium$ 197

Best Renters Insurance for High Personal Property Limits in Bridgeport, CT

State Farm offers the best renters insurance for high personal property coverage in Bridgeport, Connecticut, with an annual premium of $184. High personal property coverage typically refers to policies that include $100,000 in personal property protection. For $100K in personal property coverage, the following providers are the top two best providers in Bridgeport:

  • State Farm: MoneyGeek score of 95 out of 100 ($184 per year)
  • Chubb: MoneyGeek score of 87 out of 100 ($416 per year)

This coverage safeguards your possessions against potential losses due to events like theft or fire. As coverage limits increase, so does the premium, making it vital to find a provider that offers a good balance of cost and service. High-value items such as jewelry or art may exceed standard policy limits and necessitate additional coverage.

Company logo for State Farm
Best High Personal Property LimitState Farm
MoneyGeek Score:
95/ of 100

Overview

State Farm ranks first in affordability and customer satisfaction for renters with expensive homes in Bridgeport, offering an annual premium of $184.State Farm provides valuable coverages like cyber event / ID theft and earthquake protection.

Cyber event / ID theft coverage helps renters recover from identity theft by covering restoration costs. Earthquake protection ensures that your home and belongings are safeguarded against seismic events, providing peace of mind for renters with valuable assets.

Best Renters Insurance for High Personal Property Limits in Bridgeport, Connecticut
State FarmMoneyGeek Score95Annual Premium$ 184
ChubbMoneyGeek Score87Annual Premium$ 416
AllstateMoneyGeek Score87Annual Premium$ 263
FarmersMoneyGeek Score84Annual Premium$ 310
HomesiteMoneyGeek Score74Annual Premium$ 501
ASIMoneyGeek Score72Annual Premium$ 444
TravelersMoneyGeek Score62Annual Premium$ 1,021
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SCHEDULED PERSONAL PROPERTY COVERAGE

If you own valuables such as fine jewelry or art, you would need additional coverage as these items are not usually covered by standard policies. Opt for a provider that offers scheduled personal property coverage, which extends coverage to such valuables.

Best Renters Insurance for Military Families in Bridgeport, CT

In Bridgeport, USAA is the top-ranked renters insurance company for those with military backgrounds, boasting an annual premium of $159. The following providers are the top two best providers in Bridgeport for military members for a policy with $20,000 in personal property coverage:

  • USAA: MoneyGeek score of 100 out of 100 ($159 per year)
  • State Farm: MoneyGeek score of 95 out of 100 ($79 per year)

USAA offers a range of products tailored for those with a military background, including discounts and coverages that suit the military lifestyle. While USAA is not the cheapest in Bridgeport, it ranks first in affordability among military-focused providers. Despite there being cheaper options, USAA’s tailored offerings may be worth considering for military members.

Company logo for USAA
Best for MilitaryUSAA
MoneyGeek Score:
100/ of 100

Overview

USAA stands out as the premier renters insurance provider for those with a military background in Bridgeport, leading in customer satisfaction, coverage, and affordability. With an annual premium of $159, it's a financially savvy choice.

Contents replacement cost coverage ensures that in the event of theft or damage, you may receive enough to replace your items with new ones. Worldwide personal property coverage offers peace of mind for deployed military members, protecting belongings anywhere in the world. These benefits underscore USAA's commitment to serving the unique needs of the military community.

Best Renters Insurance for Military in Bridgeport, Connecticut
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
USAAMoneyGeek Score100Annual Premium$ 159
State FarmMoneyGeek Score95Annual Premium$ 79
ChubbMoneyGeek Score94Annual Premium$ 99
AllstateMoneyGeek Score91Annual Premium$ 73
FarmersMoneyGeek Score90Annual Premium$ 75
HomesiteMoneyGeek Score67Annual Premium$ 227
ASIMoneyGeek Score67Annual Premium$ 197
TravelersMoneyGeek Score62Annual Premium$ 344

Best Renters Insurance for Low Credit Scores in Bridgeport, CT

Chubb is the leading renters insurance company for Bridgeport residents with poor credit, offering an annual premium of $152 for a policy with $20,000 in personal property coverage. The top two providers in Bridgeport for renters with poor credit for the same type of policy are:

  • Chubb: MoneyGeek score of 95 out of 100 ($152 per year)
  • State Farm: MoneyGeek score of 92 out of 100 ($159 per year)

In Bridgeport, renters with poor credit often face higher insurance rates as they are considered higher-risk to providers. This risk perception is due to a correlation between poor credit and a higher likelihood of filing claims. To potentially lower these rates, you can improve your credit score and look for discounts that may apply to your situation.

Company logo for Chubb
Best for Low Credit ScoresChubb
MoneyGeek Score:
95/ of 100

Overview

Chubb ranks first in affordability for renters with poor credit in Bridgeport, CT, with an annual premium of $152. Renters can save more with Chubb's uncommon discounts. The protective device discount offers savings for buildings with security features like burglar alarms and fire-resistant construction. Additionally, the Bundle discount provides a reduction on both homeowners and auto premiums when combined, making it easier for renters to manage their insurance costs.

Best Renters Insurance for Low Credit Scores in Bridgeport, Connecticut
Data filtered by:Results filtered by:
Credit Score:
Credit Score:Poor
Coverage:
Coverage:$20K Personal Property
ChubbMoneyGeek Score95Annual Premium$ 152
State FarmMoneyGeek Score92Annual Premium$ 159
AllstateMoneyGeek Score91Annual Premium$ 73
FarmersMoneyGeek Score86Annual Premium$ 167
ASIMoneyGeek Score72Annual Premium$ 391
HomesiteMoneyGeek Score70Annual Premium$ 549
TravelersMoneyGeek Score62Annual Premium$ 1,041

Average Cost of Renters Insurance in Bridgeport, CT

The average cost of renters insurance in Bridgeport, Connecticut, is $156 annually, which breaks down to $13 per month. This is $5 more than the Connecticut state average of $151 annually and $11 more than the national average of $145 annually. These rates are based on a renters insurance policy with $20,000 personal property limits, $100,000 liability limits, and a $1,000 deductible.

Renters should remember that the average cost of renters insurance in Bridgeport may vary greatly depending on the amount of personal property coverage you purchase. Personal property coverage protects your belongings in case of theft, fire, or other covered events. Use the calculator below to see how prices change based on the value of your personal property.

Personal Property Coverage Calculator

When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions. Use MoneyGeek's calculator to estimate the value of your possessions so you know how much personal property coverage to buy.

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Factors That Impact Renters Insurance Costs in Bridgeport

The cost of renters insurance in Bridgeport is influenced by multiple factors, including the location of the rental property and the amount of coverage desired. Understanding these variables is key to finding a policy that fits your budget and needs.

  • Location: The area where you live can affect your premium due to crime rates and weather-related risks.
  • Coverage Amount: Opting for higher coverage limits will increase your insurance costs.
  • Deductible: Choosing a higher deductible can lower your monthly premium, but you'll pay more out of pocket in the event of a claim.
  • Claims History: Renters with a history of claims may face higher premiums due to a higher perceived risk by insurance companies.
  • Credit Score: Insurance companies may factor in your credit history when determining your premium, with better credit records often leading to lower costs.

What Renters Insurance Covers in Bridgeport, CT

Renters insurance primarily protects your personal belongings from damage, but it also covers other areas such as liability and loss of use. Here’s a breakdown of what renters insurance typically covers:

  • Personal Property Coverage: This covers your personal belongings in case of damage or theft. For example, if a fire damages your apartment in Connecticut, your policy would pay to replace your damaged items.
  • Personal Liability Coverage: This protects you if someone gets injured in your apartment and you are found legally responsible. For instance, if a guest slips and falls in your Connecticut rental, this coverage can help pay for their medical expenses and legal fees.
  • Loss Of Use Coverage: Loss of use covers additional living expenses if your rental becomes uninhabitable due to a covered peril. If your Connecticut apartment is damaged by a storm and you need to stay in a hotel, loss of use coverage can help cover those costs.
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COMMONLY COVERED PERILS

Renters insurance typically covers losses from incidents like theft, fire and water damage. Understanding your policy's specific coverage is key to ensuring you're protected. Here are common situations renters insurance covers:

  • Fire or lightning
  • Windstorm or hail
  • Explosions
  • Riots
  • Aircraft
  • Vehicles
  • Smoke damage

What Renters Insurance Does Not Cover in Bridgeport

Although renters insurance provides a financial safety net, it doesn't shield against every mishap. For instance, it typically excludes flood damage and your roommate's possessions.

  • Natural Disasters: Standard renters insurance often does not cover damage from earthquakes or floods.
  • Roommate's Belongings: Personal property coverage does not extend to items owned by a roommate unless they are listed on the policy.
  • High-Value Items: Expensive jewelry or electronics may exceed the policy's limit and require additional coverage.
  • Business Equipment: Property used for business purposes might not be covered under a standard renters insurance policy.
  • Pest Damage: Infestations and damage from pests like bed bugs or rodents are usually not covered.
  • Car Theft: While personal property stolen from your car may be covered, the theft of the car itself is not.

FAQ: Renters Insurance in Bridgeport, CT

The best renters insurance provider for you in Bridgeport ultimately depends on your needs. Below are frequently asked questions to help you make an informed decision.

How much is renters insurance in Bridgeport, Connecticut, on average?
What is the cheapest renters insurance company in Bridgeport, Connecticut?
What is the best renters insurance company in Bridgeport, Connecticut?
Do I need renters insurance in Bridgeport, Connecticut?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

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.