Best and Cheapest Renters Insurance in Connecticut (Sept 2024)


Chubb is the best for $20K in personal property coverage, with an average annual premium of $98 and a MoneyGeek score of 94 out of 100. The most affordable provider is Allstate with an annual premium of $71.

Travelers is the best for those who value service, and USAA is the best for military members. Ultimately, the best for you will depend on your needs.

Company Image
Best Overall: Chubb

Chubb is the best overall renters insurance provider with a MoneyGeek score of 94 out of 100 and an average annual premium of $98.

Company Image
Cheapest: Allstate

Allstate is the cheapest renters insurance provider in Connecticut, with an average annual premium of $71.

Company Image
Best Service: Travelers

Travelers is the best renters insurance provider for service quality in Connecticut with a MoneyGeek score of 96 out of 100 and an average annual premium of $311.

Company Image
Best for Extra Personal Property: State Farm

State Farm is the best renters insurance provider for those needing extra personal property coverage of $100K, with a MoneyGeek score of 95 out of 100 and an average annual premium of $214.

Company Image
Best for Military: USAA

USAA is the best renters insurance provider for military members with a MoneyGeek score of 100 out of 100 and an average annual premium of $150.

Company Image
Best for Bad Credit: Chubb

Chubb is the best renters insurance provider for those with poor credit in Connecticut with a MoneyGeek score of 94 out of 100 and an average annual premium of $150.

Why Trust MoneyGeek? Data from the Connecticut Department of Insurance and Quadrant Information Services was used to find the best renters insurance in Connecticut.

Renters insurance rates in Connecticut reflect the best quotes as of September 2024.

23,040Quotes Collected
 
8Cities Analyzed
 
13ZIP Codes

Overall Best Renters Insurance in Connecticut

Chubb is the best renters insurance provider in Connecticut with a MoneyGeek score of 94 out of 100 and an annual premium of $98 for $20K in personal property coverage. The following are the two best renters insurance providers in Connecticut for the same policy:

  • Chubb: MoneyGeek score of 94 out of 100 ($98 per year)
  • State Farm: MoneyGeek score of 92 out of 100 ($90 per year)

While Chubb is not the cheapest option, it still has a good balance between customer satisfaction and affordability.

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

Overview

Chubb offers the best overall renters insurance in Connecticut, balancing customer satisfaction and affordability with an annual premium of $98.

Chubb offers noteworthy coverages like contents replacement cost, an add-on that covers the full cost to replace damaged or stolen items without considering depreciation. Additionally, rental car coverage provides primary insurance when renting a car, reducing the need for additional rental insurance and saving renters money.

Best Renters Insurance in Connecticut
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Chubb94$ 98
State Farm92$ 90
Allstate91$ 71
Farmers89$ 74
Homesite65$ 221
ASI64$ 198
Travelers62$ 311

Cheapest Renters Insurance in Connecticut

Allstate offers the cheapest renters insurance in Connecticut, with an annual premium of $71 for $20K in personal property coverage and $1,000 deductible. The following are the top two cheapest providers in Connecticut for the same policy:

  • Allstate: $71 per year
  • Farmers: $74 per year

Personal property coverage helps protect your belongings, such as furniture and electronics, against damages like theft or fire. Cheap renters insurance policies often have low personal property coverage limits. Higher personal property coverage limits can lead to higher monthly costs but provide better protection for your belongings.

Cheapest Renters Insurance in Connecticut
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Allstate$ 71
Farmers$ 74
State Farm$ 90
Chubb$ 98
ASI$ 198
Homesite$ 221
Travelers$ 311
mglogo icon
QUALITY OVER COST

The best renters insurance company may cost more initially but lead to more savings over time with things like claims efficiency and broader coverages. We recommend investing in a plan that stands by you when you need it most.

Cheapest Renters Insurance by High Deductible in Connecticut

For policies with $20K in personal property coverage and a $2,000 deductible, the top two cheapest providers in Connecticut are:

  • Farmers: $67 per year
  • Allstate: $71 per year

A deductible is the money you pay before your insurance company helps cover a claim. Choosing a higher deductible typically lowers your insurance premium because you're assuming more financial responsibility. Review the table below to see how changing your deductible can impact rates.

Cheapest High-Deductible Renters Insurance in Connecticut
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Deductible:
Deductible:$ 2,000
Farmers$ 67
Allstate$ 71
State Farm$ 77
Chubb$ 95
ASI$ 198
Homesite$ 206
Travelers$ 287

Best Renters Insurance for Customer Service in Connecticut

Travelers is the best renters insurance company for service quality in Connecticut for $20K in personal property coverage, with an annual premium of $311. If you're seeking excellent customer service, the following providers are the top two best in Connecticut:

  • Travelers: MoneyGeek score of 96 out of 100 ($311 per year)
  • Chubb: MoneyGeek score of 93 out of 100 ($98 per year)

Great customer service can make a substantial difference to renters, especially during stressful times like making a claim. For instance, if you suddenly experience property loss or damage, a swift and empathetic response from your insurer can provide much-needed peace of mind.

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

Overview

Travelers ranks first in customer satisfaction and coverage in Connecticut. Its annual premium is $311.

Travelers provides contents replacement cost and scheduled personal property coverages. Contents replacement cost coverage ensures that your personal property is replaced at current market value. Scheduled personal property coverage offers extra protection for valuable items such as jewelry and electronics, ensuring these high-value possessions are adequately covered.

Best Renters Insurance For Customer Service in Connecticut
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Travelers96$ 311
Chubb93$ 98
State Farm86$ 90
Homesite78$ 221
Allstate78$ 71
Farmers77$ 74
ASI63$ 198

Best Renters Insurance for Extra Personal Property in Connecticut

State Farm is the best renters insurance company for renters who need extra personal property coverage in Connecticut with an annual premium cost of $214. For $100K in personal property coverage, the following providers are the best in Connecticut:

  • State Farm: MoneyGeek score of 95 out of 100 ($214 per year)
  • Allstate: MoneyGeek score of 88 out of 100 ($253 per year)

Renters with more personal belongings often require higher personal property coverage, which is designed to protect items like furniture, electronics, and clothing from theft, damage, or loss. Even if it costs more each month, it's important to get the coverage amount you need to protect your assets — this ensures that if an unfortunate event occurs, you'll have the necessary financial protection and support to recover your losses.

Company logo for State Farm
Best for Extra Personal PropertyState Farm
MoneyGeek Score:
95/ of 100

Overview

State Farm ranks first in affordability and customer satisfaction for renters in Connecticut needing extra personal property coverage. State Farm’s annual premium is $214.

State Farm offers cyber event/ID theft coverage which helps renters recover from identity theft, safeguarding personal details.

Best Renters Insurance for Extra Personal Property Limits in Connecticut
State Farm95$ 214
Allstate88$ 253
Chubb87$ 411
Farmers85$ 310
Homesite75$ 460
ASI71$ 449
Travelers62$ 904

Best Renters Insurance for Military Members in Connecticut

USAA is the premier renters insurance company for renters with military backgrounds. Chubb is the second-best company for veterans and military families.

  • USAA: MoneyGeek score of 100 out of 100 ($150 per year)
  • Chubb: MoneyGeek score of 94 out of 100 ($98 per year)

USAA provides various products specifically designed to meet the needs of military members, including discounts and coverages that align with the military lifestyle.

Company logo for USAA
Best for Military MembersUSAA
MoneyGeek Score:
100/ of 100

Overview

USAA is the best option for military renters in Connecticut. It provides policies exclusively to those with military backgrounds, ranking first in customer satisfaction, coverage and affordability, with an annual premium of $150.

USAA includes contents replacement cost and worldwide personal property coverage as part of its renters insurance. This ensures possessions are protected and replaced without depreciation, an essential benefit for those frequently relocating due to military duty. The coverage extends globally, which is invaluable for deployed or overseas service members.

Best Renters Insurance for Military Members in Connecticut
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
USAA100$ 150
Chubb94$ 98
State Farm92$ 90
Allstate91$ 71
Farmers89$ 74
Homesite65$ 221
ASI64$ 198
Travelers62$ 311

Best Renters Insurance for Bad Credit in Connecticut

In Connecticut, the best renters insurance company for those with poor credit is Chubb with an annual premium of $150. The following are the top two best providers in Connecticut for those with poor credit:

  • Chubb: MoneyGeek score of 94 out of 100 ($150 per year)
  • Allstate: MoneyGeek score of 91 out of 100 ($71 per year)

Rates for those with poor credit are often higher, as they pose a greater risk to providers. Providers view them as a higher risk due to potential financial instability. You can take steps to improve your credit to lower rates and take advantage of discounts where possible.

Company logo for Chubb
Best for Bad CreditChubb
MoneyGeek Score:
94/ of 100

Overview

Chubb ranks first in affordability for renters with poor credit in Connecticut and boasts the top score in financial stability. Chubb's annual premium is $150.

Chubb offers rare discounts like contents replacement cost and rental car coverage. Contents replacement cost covers the full cost to replace personal items, helpful for renters who might face financial strain replacing belongings. Rental Car Coverage provides primary car rental insurance, beneficial for renters who frequently travel and wish to avoid additional rental insurance costs.

Best Renters Insurance for Bad Credit in Connecticut
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Credit Score:
Credit Score:Poor
Chubb94$ 150
Allstate91$ 71
State Farm91$ 183
Farmers86$ 166
ASI70$ 394
Homesite69$ 534
Travelers62$ 941

Average Cost of Renters Insurance in Connecticut

The average cost of renters insurance in Connecticut is $152 annually, which translates to $13 monthly. This is slightly higher than the national average of $146 annually. These rates are based on a renters insurance policy with $20K personal property limits, $100K liability limits, and a $1,000 deductible.

Renters should remember that the average cost of renters insurance in Connecticut may vary greatly depending on the amount of personal property coverage they purchase. Use the tool below to get an estimate based on your needs.

Renters Insurance Calculator

MoneyGeek's renters insurance calculator will give you a customized estimate of your renters insurance costs.
It's free to use, requires no personal information and we won't send you any spam.

High
Average
Low

Rates updated:

Nov 01, 2024

Shield Insurance
Why You Can Trust MoneyGeek

Although MoneyGeek partners with some of the companies we recommend, our content is written and reviewed by an independent team of writers, editors and licensed agents. Learn more about our editorial policies and expert editorial team.

Average Cost of Renters Insurance by City in Connecticut

The average cost for renters insurance varies not only by state but also by city. For instance, the annual premium in Bridgeport, Connecticut, is $157, compared to $151 in Hartford, while the state average is $152.

These rates are based on a renters insurance policy with $20K personal property limits, $100K liability limits, a $1,000 deductible, and a good credit score. Use the table below to see the average cost in your city.

Bridgeport$ 157
Hartford$ 151
New Haven$ 156
Stamford$ 145
Waterbury$ 154
mglogo icon
COMPARE QUOTES TO SAVE

Renters in Connecticut can save money on renters insurance by comparing quotes among providers. For $20K in personal property and a $1,000 deductible, Allstate has the lowest annual premium at $71, while Travelers is the most expensive at $311. By shopping around, renters can save $240 annually or $20 monthly.

What Factors Impact Renters Insurance Costs in Connecticut?

Multiple factors impact the cost of renters insurance in Connecticut, including location, coverage amount, and deductible. Understanding these factors is important for making informed decisions and potentially saving money. Below are the key factors that affect renters insurance costs:

  • Location: Urban areas typically have higher premiums due to increased risk factors.
  • Coverage Amount: Higher coverage limits mean higher premiums.
  • Deductible: Lower deductibles result in higher premiums.
  • Claims History: A history of claims can increase your premium.
  • Credit Score: A lower credit score can lead to higher premiums.

How Much Personal Property Coverage Do You Need?

Determining your personal property coverage involves creating a personal inventory of all your belongings at home. A personal inventory is a detailed list of your items, including descriptions, values, and photos. Follow these steps to create your personal inventory:

  1. List all items: Walk through each room and write down every item you own.
  2. Describe each item: Include details like brand, model, and serial number.
  3. Estimate the value: Research current market values or use receipts if available.
  4. Take photos: Photograph each item for visual documentation.
  5. Store securely: Keep your inventory in a safe place, like a cloud storage service.

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.

shirt icon

clothing & accessories

Clothes, shoes, bags, belts, hats, gloves, etc.

$
$
$
$
$
$

What Renters Insurance Typically Covers in Connecticut

Renters insurance primarily protects your personal belongings from damage, but it also extends to other areas such as liability and additional living expenses. Here's what a typical policy may cover:

  • Personal Property Coverage: Safeguards your possessions against covered perils like theft to help you replace them.
  • Personal Liability Coverage: Protects you from legal responsibility for injuries or damage to others, such as if a guest is injured in your rental unit.
  • Loss of Use Coverage: For additional living expenses if your rental is uninhabitable due to a fire, for example, loss of use coverage can cover temporary housing costs.

Renters insurance typically applies to specific events, like theft, vandalism or specific natural disasters. Here's what most policies cover:

  • Fire or lightning
  • Windstorm or hail
  • Explosions
  • Riots
  • Damage caused by aircraft
  • Damage caused by vehicles
  • Smoke damage
  • Vandalism
  • Theft
  • Volcanic eruption
  • Falling objects
  • Weight of ice, snow or sleet
  • Water-related damage from home utilities
  • Electrical surge damage

What Renters Insurance Typically Doesn't Cover

Although renters insurance provides a safety net for your personal property and liability, it does not universally cover all losses. For instance, damage from floods or earthquakes typically falls outside standard policies. Here's what else is usually not included:

  • Natural Disasters: Standard policies often exclude events like floods and earthquakes.
  • High-Value Items: Expensive jewelry or electronics may exceed policy limits.
  • Business Equipment: Items used for business purposes may require additional coverage.
  • Roommate Property: Your policy does not cover your roommate's belongings.
  • Pest Damage: Infestations and damage from pests are generally not covered.
  • Car Theft: Personal vehicles are covered under auto insurance, not renters insurance.

Understanding these exclusions can help you seek additional coverage if necessary, ensuring you're protected against a wider range of potential risks.

FAQ: Renters Insurance in Connecticut

Finding the best renters insurance provider for you can be easy. We've answered some common questions to help you make an informed decision.

What is the cheapest renters insurance company in Connecticut?
What is the best renters insurance company in Connecticut?
How much does renters insurance cost in Connecticut?
Is renters insurance required in 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.