Best Homeowners Insurance In Connecticut For 2024

State Farm offers the best homeowners insurance in Connecticut.

min read
Updated: 12 March 2024
Written by
Bob Phillips
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For those in the market for home insurance in Connecticut, we’ve gathered valuable data and information to assist you in making an informed decision.

Based on extensive research, I’ve concluded that State Farm stands out as the best home insurance company in Connecticut.

 

Best Homeowners Insurance Companies In Connecticut, 2024

Best Home Insurance, Connecticut 2024

Compare The Best Homeowners Insurance Companies In Connecticut

Overall Rating Best For A.M Best Rating J.D Power Rating Online Experience Get A Quote
State Farm
4.9

Best Overall

A++

829

9/10

Instant Quote
Nationwide
4.6

Coverage Options

A+

815

8/10

Instant Quote
Chubb
4.8

Cheap Rates

A+

809

7/10

Instant Quote
Allstate
4.7

Discounts

A++

816

9/10

Instant Quote
Farmers
4.4

Policy Perks

A

792

9/10

Instant Quote
Scroll to see comparisons

Our Methodology

When we're conducting research to decide which homeowners insurance is the best, our selections are based on several factors. We look at reviews and ratings from such unbiased sources as AM Best and J.D. Power. J.D. Power supplies data about customer satisfaction of various companies.

AM Best gives us the lowdown on the financial health of insurers we're interested in. Besides that, we check out customer reviews online to get a feel for what the consumer opinion is about different carriers. Policyholder reviews often point to problems that a company might be experiencing with customers.

58

Quotes Analyzed

17

Brands Reviewed

15+

Years Of Experience

30+

Research Hours

The Best Home Insurance Companies In Connecticut


Best Overall

Overall Rating
4.9

Key Statistics

10/10 Affordability
9/10 Customer Reviews
9/10 Claims
10/10 Coverage Level

Why We Like Them

State Farm is our top choice for home insurance in Connecticut due to its financial stability and strength. The company has received the highest rating from AM Best (A++) and boasts an excellent rating from J.D. Power for policyholder satisfaction. This high rating is supported by positive reviews from customers.

With numerous local offices and agents across the state, State Farm offers quick and convenient service to its customers. The company provides a range of special features and affordable premiums, including coverage for identity protection and credit card fraud.

For homeowners in strict HOAs with rigid codes, State Farm offers legal assistance and covers the cost of buying new materials to comply with HOA regulations after a covered loss.

While you can start the process online, State Farm requires you to meet with an agent to purchase coverage. Once you become a policyholder, you can manage your account online through the website or app, which offers services like auto-pay, paperless billing, premium payment, and claim filing. The State Farm website also provides a resource library with valuable information about home insurance.

Benefits & Drawbacks

Benefits
  • Top rating from AM Best for being financially strong
  • Numerous local agents and offices in the state
  • Many coverage options available
Drawbacks
  • You cannot purchase State farm insurance through an independent agent

Best For Policy Perks

Overall Rating
4.4

Key Statistics

9/10 Affordability
6/10 Customer Reviews
7/10 Claims
9/10 Coverage Level

Why We Like Them

Farmers insurance is highly rated by policyholders, particularly for its online experience and policy perks. One reason for this positive feedback could be the clear explanations provided by the company regarding these perks and their benefits to policyholders.

These perks can significantly impact your coverage and premium costs, making them an important consideration when choosing a home insurance company in Connecticut.

  • Deductible Declines: $50 is subtracted from your deductible each year your policy is active.
  • Multi Line Policies: Insuring multiple types of coverage with Farmers, such as auto and homeowners insurance, can earn you a discount of up to 34%.
  • Discount if Claim Free: Being claim-free for 3 years qualifies you for a discount.
  • Claim Forgiveness: Your rates won’t increase after filing a claim if you have been claim-free for at least 5 years.
  • Replacement Cost Guaranteed: Regardless of the cost, Farmers will pay for the full rebuilding or repair of your home due to a covered loss.

J.D. Power rates Farmers highly with a score of 9.3 out of 10. This rating would likely be even higher if not for slightly below-average customer satisfaction ratings.

Benefits & Drawbacks

Benefits
  • Guaranteed replacement cost is a standard feature of every policy
  • Offer more than 12 discounts
  • Many local offices and agents in the state
Drawbacks
  • Customer satisfaction ratings are lower than average

Best Coverage Options

Overall Rating
4.6

Key Statistics

8/10 Affordability
6/10 Customer Reviews
9/10 Claims
9/10 Coverage Level

Why We Like Them

Nationwide’s home insurance receives a top score from J.D. Power due to its strong financial standing. While customer satisfaction ratings could be better, Nationwide remains a reputable carrier with a solid overall reputation. With numerous local offices, claim adjusters, and agents throughout the state, Nationwide offers convenient and efficient service to its customers.

Nationwide provides a range of policy options that set it apart from standard home insurance policies. These options include reimbursement for ID theft and credit card fraud. For HOA members facing rebuilding after a covered loss and encountering new, stricter codes, Nationwide offers legal assistance to ensure compliance. The company also provides additional coverage for updated materials needed for rebuilding.

Nationwide’s Better Roof Replacement option offers extra coverage for purchasing new roofing materials after a covered loss. Additionally, the Brand New Belongings option reimburses policyholders for the cost of replacing damaged or destroyed personal belongings, minus depreciation.

Simply purchase replacement items, submit the receipts to Nationwide, and receive reimbursement for the difference between the cost of replacements and their depreciated value.

Benefits & Drawbacks

Benefits
  • Top ratings from AM Best due to its strong financial condition
  • Many local offices and agents in the state
  • A variety of coverage options
Drawbacks
  • Above average negative reviews from customers online
  • AirBnb or any other short term rental is not covered

Best For Discounts

Overall Rating
4.7

Key Statistics

8/10 Affordability
7/10 Customer Reviews
8/10 Claims
8/10 Coverage Level

Why We Like Them

Allstate offers an extensive range of discounts, with 11 available for its home insurance coverage, compared to the national average of 7. This can lead to significant savings on your premiums. Allstate is highly regarded in the insurance industry and among homeowners in Connecticut and nationwide. Many analysts, including myself, consider Allstate to be one of the top insurance companies currently.

The discounts offered by Allstate include:

  • Bundle: Up to a 25% discount for bundling your vehicle and home insurance, or other types of coverage
  • Responsible Payment: A discount for maintaining a good payment history by paying premiums on time
  • New Home Buyer: Discount available for purchasing a new home
  • Loyalty: A 10% discount upon renewal of your policy
  • Claims Forgiveness: Coverage to prevent rate increases after filing a claim
  • New Home: Discount for buying a newly constructed home
  • Deductible Reward: $100 off your deductible when purchasing a policy
  • Automatic Payment: A 5% discount for enrolling in auto pay
  • Protective Device: Discount for installing protective fire and theft devices
  • Claims Free: A 5% discount upon policy renewal if no claims were filed within a year
  • Early Payment: A 10% discount for purchasing a new policy within one week of renewing your current policy

In addition to these standard discounts, Allstate also provides unique options like ID theft and credit card fraud protection. They also offer less common discounts for outdoor items such as landscaping and riding lawn mowers.

Benefits & Drawbacks

Benefits
  • Eleven discounts compared to the US industry average of seven
  • Financial stability and strength
  • Many offices with agents locally within the state
Drawbacks
  • More than average online customer complaints

Best For Cheapest Coverage

Overall Rating
4.8

Key Statistics

10/10 Affordability
9/10 Customer Reviews
9/10 Claims
8/10 Coverage Level

Why We Like Them

Chubb consistently ranks among the top home insurance providers nationwide, known for its competitive rates and tailored coverage for higher-end homes. With premiums averaging around $2,336 annually in Connecticut, Chubb’s rates are higher than the state’s average of $1,669 per year, reflecting its focus on luxury and high-value properties.

Homeowners in Connecticut have generally positive feedback about Chubb and its policy features. For instance, if your home is severely damaged or destroyed by a covered loss, Chubb offers the option of receiving a cash settlement instead of requiring you to rebuild.

Chubb’s additional features, such as personalized claims, high-tech property inspections, and property management services for second homes, appeal to many homeowners. The company also offers add-ons to its standard home insurance policy, including coverage for equipment breakdown, replacement of home and belongings, water backup, and more.

Additionally, Chubb provides added coverage for the extended replacement cost of your home, even if its value has depreciated since purchase.

Benefits & Drawbacks

Benefits
  • Amongst the cheapest rates in Connecticut
  • Multiple options and special features offered
  • Special coverage available for high-value homes
Drawbacks
  • You can't get an online premium quote
  • Scheduled personal property is not available

Average Cost Of Home Insurance In Connecticut

Insurer Annual Rate
State Farm $1009
Allstate $1,013
USAA $1,401
Nationwide $1,415
Connecticut Average Rate $1,405
Farmers $1,508
Chubb $1555
Kin $1645
Travelers $1885

Cheapest Cities For Homeowners Insurance In Connecticut

City Annual Rate
Danbury $1,191
Bristol $1,203
Shelton $1,254
New Britain $1,295
Norwich $1,356

Most Expensive Cities For Homeowners Insurance In Connecticut

City Highest Rate
Groton $1,615.00
New London $1,604
Waterbury $1,601
West Haven $1,595

Home Insurance Premiums By Deductible In Connecticut

Deductible Average Annual Rate
$500 $1,386
$1,000 $1,215
$1,500 $1,168
$2,000 $1,057
$5,000 $930

Home Insurance Prices By Coverage Level In Connecticut

Coverage Level Average Annual Rate
$100,000 Dwelling $624
$200,000 Dwelling $1,056
$250,000 Dwelling $1,215
$400,000 Dwelling $1,806

The Most Affordable Areas For Homeowners Insurance In Connecticut

Premiums in Connecticut range from Danbury at $1,191.00,i n zip code 06810 to Norwich at $1,356.00 in zip code 06365 . The lowest rates according to zip codes are:

ZIP Code City Lowest Rate
06810 Danbury $1,191
06010 Bristol $1,203
06484 Shelton $1,254
06051 New Britain $1,295
06365 Norwich $1,356

How To Find The Best Home Insurance Company For You

Finding the best home insurance company for you involves some research and consideration. Here are five steps to help you make an informed decision:

  1. Research Online: Use the internet to learn about homeowners insurance and the companies that offer it in Connecticut. Look for information on coverage options, customer reviews, and financial ratings. Narrow down your choices to three companies.
  2. Assess Your Coverage Needs: Determine how much coverage you need to protect your home and belongings. You may want to consult with an insurance agent to get an accurate estimate.
  3. Get Quotes: Obtain quotes from the three companies you’ve selected. This will give you an idea of the cost of coverage with each insurer.
  4. Compare Quotes and Features: Compare the quotes you’ve received, along with the coverage options, financial stability, and customer reviews of each company. Consider factors such as discounts, customer service, and claims processing.
  5. Apply for Coverage: Once you’ve chosen the best home insurance company for your needs, complete the application process. Some companies allow you to apply online, while others may require you to meet with an agent.

By following these steps, you can find the best home insurance company for your specific needs and budget.

 

How To Get A Home Insurance Quote Online In Connecticut

To get a home insurance quote online in Connecticut, follow these steps:

  1. Research Insurers: Visit various insurance company websites to compare rates, coverage options, and customer reviews. Look for insurers with high ratings from AM Best and J.D. Power.
  2. Choose Top Three Insurers: Narrow down your choices to three insurers that seem the most promising.
  3. Complete Online Form: Use the insurer’s online quote form to provide information about your home, such as its value, contents, square footage, age, and more.
  4. Submit Form and Get Quotes: Submit the form to receive quotes from the insurers. Compare the quotes to see which one offers the best coverage at the most affordable rate.
  5. Select Insurer and Apply for Coverage: Choose the insurer that best meets your needs and apply for coverage through their website. If the insurer doesn’t allow online quotes or applications, you’ll need to contact an agent for assistance.
  6. Review Policy and Make Payment: Once you’re approved for coverage, review the policy details and make the necessary payment to activate your coverage.

By following these steps, you can easily obtain a home insurance quote online in Connecticut and find the right coverage for your needs.

Things That Impact The Cost Of Your Home Insurance Policy In Connecticut

Here are some factors that can impact the cost of your home insurance policy in Connecticut:

  1. Location: Homes located in areas prone to severe weather or natural disasters, such as flooding or hurricanes, may have higher premiums.
  2. Deductibles: A lower deductible usually means a higher premium. Choosing a higher deductible can help lower your premium but means you’ll pay more out of pocket if you have a claim.
  3. Home Value and Rebuilding Costs: The more expensive your home is, the more coverage you’ll need, which can lead to higher premiums.
  4. Home Age: Older homes may cost more to insure due to potential maintenance issues and the need for higher coverage limits.
  5. Claims History: If you’ve filed claims in the past, especially multiple claims, insurers may consider you a higher risk and charge higher premiums.
  6. Home Security Features: Homes with security systems, smoke detectors, and other safety features may qualify for discounts.
  7. Credit Score: In some states, including Connecticut, insurers can use your credit score to determine your premium. A higher score may lead to lower premiums.
  8. Coverage Limits: The higher your coverage limits, the more you’ll pay in premiums.
  9. Policy Type and Coverage: The type of policy you choose and the coverage options you select will also impact your premium. Adding endorsements for additional coverage will increase your premium.
  10. Discounts: Many insurers offer discounts for things like bundling policies, having a claims-free history, and installing safety features in your home.

When shopping for home insurance, it’s important to consider these factors and compare quotes from multiple insurers to find the best coverage at the most competitive price.

Connecticut Home Insurance Laws To Know

By Connecticut law, you are not required to insure your home. But if your home is mortgaged,  your lender will almost definitely require it.

Home Insurance Discounts In Connecticut

When looking for home insurance discounts in Connecticut, consider the following:

  1. Claims Free: If you haven’t filed a claim in a certain period (often 12 months or more), you may qualify for a discount of around 25%.
  2. Bundle: Bundling your home and auto insurance with the same carrier can often lead to a discount of up to 25% on both policies.
  3. Early Payment: Some insurers offer a discount if you purchase a new policy within a week of your old one expiring.
  4. Automatic Payment: Enrolling in automatic payments, where your premium is deducted from your bank account, can result in a discount.
  5. New Home: Purchasing a new home might make you eligible for a discount, as new homes are often seen as less risky to insure.
  6. Protective Devices: Installing safety and security devices such as smoke detectors, burglar alarms, or sprinkler systems could earn you a discount.
  7. Roof Certification: Having your roof inspected and certified by a professional could result in a discount, especially if it’s a newer or well-maintained roof.
  8. Senior Discount: Some insurers offer discounts to senior citizens for their home insurance policies.

It’s a good idea to discuss these potential discounts with your insurance agent to see which ones you qualify for and how much you could save.

FAQs

Is home insurance more expensive in Connecticut?

No, it isn’t. The yearly rate for home insurance in Connecticut is $1,405.00, while the national average is $1,406.00 per year.

How much per month is a million-dollar home insurance policy in Connecticut?

Your rate for home insurance in Connecticut is dependent on several factors. Your home’s worth, for example, the value of your belongings, where your home is located, how old it is, its outside composition, as well as your deductible, your insurer, and more. Two of the least costly homeowners insurance rates in Connecticut are State Farm and Allstate, with yearly premium rates of $1,011 for Allstate and $1,009.00 for State Farm.

What is the average monthly cost of home insurance in Connecticut?

Rates are calculated on factors such as your home’s value, the value of its contents along with personal valuables, where your home is situated, the amount of your deductible, the age of your home, and more. The average Connecticut home valued at $300,000 will usually cost around $118.00 a month to insure.

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