More on Home Insurance
More on Home Insurance
The cost of homeowners insurance in Connecticut is $1,530 a year for the average amount of coverage. Connecticut residents can compare rates from multiple companies with Policygenius.
Updated October 20, 2020|7 min read
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Homeowners in Connecticut will want to be extra diligent when setting up their homeowners insurance policies. The Constitution State can experience extreme weather in all four seasons, from snowstorms to hurricanes to thunderstorms.
The statewide average cost of homeowners insurance in Connecticut is $1,530 , slightly lower than the national average of $1,633, according to Policygenius quote data. But bear in mind that premiums for Connecticut residents will vary based on specific factors related to your home and policy. Your rates will be directly impacted by your home’s condition and style of build, its location, your credit and claims history, and your policy deductible amount. Rates will also be different from company to company for the same level of coverage, which is why it’s so important to compare policies from different companies — that’s where we come in.
To help simplify your shopping experience, Policygenius reviewed the five best homeowners insurance companies in Connecticut offered through our website. We also calculated the average rate for several companies offered through Policygenius, the cheapest and most expensive cities in Connecticut for home insurance, and the average cost for each level of coverage based on hundreds of submitted quotes.
The average cost of homeowners insurance in Connecticut is $1,530 per year for $100,000–500,000 in coverage, according to Policygenius data
The most affordable insurance company in Connecticut is Progressive, according to Policygenius quote data
When deciding on policy coverage, Connecticut residents should consider the state’s severe thunderstorms and hurricanes
Before deciding on a homeowners insurance policy, it’s smart to do some research on the company that will be insuring your house and all of your assets. A great homeowners insurance company is financially stable, has a good track record when it comes to handling claims, and offers affordable coverage and flexible policy options.
Progressive offered the cheapest Connecticut home insurance quote, on average, of any Policygenius partnering carrier. The average quote with Hippo is $1,356 for around $300,000 in dwelling coverage, which is almost $200 dollars cheaper than the statewide annual average of $1,530, according to Policygenius quote data. Connecticut residents looking for robust coverage at a relatively low cost should consider homeowners insurance with Progressive.
Read our full review of Progressive here
Due to the state’s frequent hurricanes, Connecticut residents may want to consider maximizing coverage for their home and personal belongings, especially if you live in a coastal region of the state. MetLife offers MetLife GrandProtect, a premium coverage tier that offers guaranteed replacement cost protection for your home and replacement cost reimbursements on personal belongings, so you’d be fully reimbursed in the event of a covered loss.
Read our full review of MetLife here
If you’re a Connecticut homeowner looking to save on your premiums, you may want to consider Nationwide. Nationwide offers all the standard homeowners insurance discounts — a new roof discount, safety features discounts, a claims free discount — as well as numerous others like a multi-policy discount, gated community discount, and a discount for having insurance for multiple years with your previous carrier.
Read our full review of Nationwide here
One important indicator of an insurance company’s ability to pay out claims in an effective and timely manner is its financial stability, and Travelers is among the highest-rated insurers in that area. With an A++ rating with A.M. Best, Travelers has the highest score a company can receive with the insurance company credit rating agency. Travelers also has high marks with Standard & Poors, which measures long-term financial stability, as well as Moody’s, which measures what the expected losses would be if a company were to go into default.
Read our full review of Travelers here
Hippo has one of the fastest turnaround times when it comes to getting a homeowners insurance quote. When you apply, Hippo only requires that you provide your address, and delivers a quote in under 60 seconds. If you want a homeowners insurance quote that’s fast and hassle-free, Hippo is probably your best bet.
Read our full review of Hippo here
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When comparing insurance companies, Connecticut residents may find that rates differ greatly from company to company for the same level of coverage. Higher-priced policies may include coverage add-ons or have higher limits than other plans, or they may cost more simply because that insurer charges more for coverage in that particular location.
After reviewing hundreds of quotes submitted with Policygenius, we found that Progressive is the cheapest insurance company in Connecticut with an average annual premium of $1,238 for $100,000–500,000 in coverage. Nationwide has the most expensive coverage with an average annual premium of $1,760 for the same amount of coverage.
The average cost of homeowners insurance in Connecticut will also differ considerably based on the amount of insurance you have for your home. Below are the average homeowners insurance quotes for five different levels of coverage, according to Policygenius quotes.
|Coverage Amount||Average Cost|
|Greater than $500,000||$ 2,865|
Insurance companies will also price policies differently based on where you live. We found that Norwalk has the highest rates in the state with a $1,912 average annual premium for $100,000-500,000 in coverage. The area with the cheapest rates in the Constitution State is Greenwich, with an average annual premium of $993 for the same amount of coverage.
|East Hartford||$ 1,193|
|New Britain||$ 1,464|
|New Haven||$ 1,650|
|West Hartford||$ 1,428|
|West Haven||$ 1,781|
We selected the 20 largest cities in Connecticut by population where customers have submitted quotes with Policygenius. Quotes are based on a coverage amount between $100,000 and 500,000.
When shopping for homeowners insurance, Connecticut residents should keep the state’s penchant for inclement weather in mind. Hurricanes cost the Constitution State $2.2 million per year in annualized property losses. Like most states along the Atlantic coast, homeowners insurance companies in Connecticut require a separate hurricane deductible in the event that your home is damaged by hurricane winds. Unlike dollar amount deductibles that you pay in the event of a theft or fire claim, hurricane deductibles are typically listed as a percentage (typically 1–5%) of your home's insured value, or dwelling coverage amount. That means if your home is insured for $300,000 and your hurricane deductible is 2%, you’d pay $6,000 out of pocket before you’d be reimbursed for the remainder of the hurricane claim.
Keep in mind that your homeowners insurance will reimburse you for wind damage and wind-driven rain that damages your home and personal belongings, but it won’t cover flood damage. There’s a misconception that having “hurricane coverage” — aka a hurricane deductible — will cover all aspects of a hurricane, including flooding during the storm surge. It won’t.
Homeowners insurance does not cover flood damage in Connecticut or any of the other 49 states. Connecticut residents can supplement that gap in coverage by purchasing a flood insurance policy. Flood insurance can typically be purchased through the same insurance company that insures your home.
Most flood policies are sold by private companies but administered by the federal government’s National Flood Insurance Program (NFIP). An NFIP flood policy can cover up to $250,00 for the structure of your home and up to $100,000 for personal belongings.
The Connecticut Department of Insurance is a valuable resource both for Connecticut homeowners purchasing coverage for the first time and those who are already insured. The department website has helpful information about what to prioritize when selecting your coverage, comparing rates, buying flood insurance, and filing complaints against your homeowners insurance company.
Homeowners insurance companies can cancel your insurance for a number of reasons — maybe you filed too many claims in a short period of time, maybe the insurance company no longer offers coverage where you live, or maybe they determined your home was too risky to insure after a recent inspection.
If you’re struggling to find coverage, you can get last-resort coverage via the Connecticut Fair Access to Insurance Requirements (FAIR) Plan. The Connecticut FAIR Plan is a not-for-profit insurance association that provides basic coverage for Connecticut residents who are unable to get home insurance on the open market. Connecticut FAIR Plans are typically more expensive than private insurance and only provide basic bare-bones coverage with “actual cash value” reimbursement terms, meaning you’ll only be reimbursed for the depreciated value of the damaged structure or property.
Not where you live? We've got you covered, check out our guide to homeowners insurance in your state
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