Updated: November 21, 2024
Advertising & Editorial Disclosure
The average cost of homeowners insurance in Connecticut in 2024 is $2,289. This is $134 less than the national average of $2,423.
Aside from the coverage you get, the insurance provider has the most significant impact on premiums. The average difference between the lowest and highest premium amounts in Connecticut is $5,034. If your rates have recently increased, we've also analyzed the cheapest plans in the state to help you find the most favorable choice.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — it’s free, no personal information required, no spam.
Rates updated:
Dec 03, 2024
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.
Table of Contents
To establish the average cost of homeowners insurance in Connecticut, MoneyGeek used quotes from various providers for a profile that reflects the average homeowner.
These rates reflect the average cost of home insurance in Connecticut as of 2024.
In Connecticut, the average annual premium for homeowners insurance is $2,289 for policies with $250K in dwelling coverage, $125K in personal property coverage and $200K in liability coverage, which is less than the national average of $2,423.
Knowing how much coverage you need is vital in searching for the most suitable insurance policy. Insurance that can cover the complete rebuilding of your home and personal property after totally losing them is essential.
For instance, a policy with $100K in dwelling coverage costs $1,372 annually. However, if your property's value warrants $500K in dwelling coverage, the premium jumps to $3,820.
| $100K Dwelling / $50K Personal Property / $100K Liability | $1,372 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $2,289 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $3,820 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $5,424 |
Homeowners in Connecticut will find that insurance premiums vary significantly across different providers for comparable coverage. For instance, Farmers may offer a more competitive rate than Travelers for the same level of home protection.
Differences in underwriting can lead to varying quotes, so it's wise to shop around for the best homeowners insurance providers in Connecticut.
| Farmers | $1,259 |
| State Farm | $1,428 |
| Allstate | $1,448 |
| USAA | $1,480 |
| ASI | $1,744 |
| Chubb | $2,654 |
| Homesite | $2,695 |
| Travelers | $5,600 |
Homeowners in Connecticut with poor credit scores pay around $5,586 annually for homeowners insurance, $3,297 over the state average. Conversely, those with excellent credit pay only an average $1,535 annually, saving them $754 in relation to the average premium.
While improving your credit score isn't an overnight process, taking steps towards better credit health can lead to lower insurance rates over time. For immediate savings, it's wise to compare insurance providers. Discover which insurers can save you the most with a quick comparison that takes less than 15 minutes.
| Poor | $5,586 |
| Below Fair | $4,336 |
| Fair | $3,240 |
| Good | $2,289 |
| Excellent | $1,535 |
Roofing type plays a role in determining homeowners insurance premiums in Connecticut. Materials like tile offer more durability and can lead to lower insurance costs. Conversely, less weather-resistant materials such as shake-treated roofs may increase premiums.
Construction materials also influence the cost of homeowners insurance. Superior construction materials that are more resistant to fire and other perils typically result in more favorable insurance rates, while standard frame construction can lead to higher premiums.
Use the table drop-downs below to see how premiums change based on your home's materials.
| $100K Dwelling / $50K Personal Property / $100K Liability | $1,372 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $2,289 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $3,820 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $5,424 |
| $1M Dwelling / $500K Personal Property / $1M Liability | $6,847 |
Insuring a new construction home in Connecticut averages at $1,175 annually, which is less than the $2,289 annual premium for existing homes. Newer homes benefit from modern construction standards and materials, leading to lower premiums. The table below illustrates premium differences for new versus existing homes.
| Existing Construction (2000) | $2,289 |
| New Construction (2023) | $1,175 |
In Connecticut, homeowners with a spotless claims record for five or more years can anticipate an average annual premium of $2,289. However, filing just one claim in the past five years can bump up the average cost to $2,725, representing a $436 increase. For those with two claims within the same period, the average premium jumps to $3,179, which is $890 above the baseline rate for claim-free homeowners.
| Claim free for 5+ years | $2,289 |
| 1 claim in past 5 years | $2,725 |
| 2 claims in past 5 years | $3,179 |
In Connecticut, hurricanes, flooding and nor'easters pose significant threats to homes. Standard homeowners insurance may cover damage from winter storms, but homeowners insurance usually does't cover flooding.
We found home insurance premiums range from $1,997 to $2,456 for the cities we analyzed. In Hartford, the annual premium is $1,997, which is $292 below the state average. Meanwhile, New Haven homeowners pay an average of $2,456, which is $167 above the state average.
Location impacts premiums due to varying risks like crime rates and weather patterns. Where you live in the city widely affects premiums, but provider and coverage amount also significantly impact insurance premiums.
| Bridgeport | $2,417 |
| Hartford | $1,997 |
| New Haven | $2,456 |
| Stamford | $2,107 |
| Waterbury | $2,049 |
Getting a handle on homeowners insurance in Connecticut doesn't have to be a daunting task. In fact, with the right approach, you can find a plan that's both affordable and tailored to your needs. The key is to sift through your options with an eye for value and coverage that suits your home. Remember, a smart choice today can lead to savings year after year. Here's how to find the best deal for you.
Shopping around and comparing home insurance quotes is the best way to finding the best coverage and rates for your needs.
Ask insurers about deals for bundling with auto insurance.
Look at customer reviews and financial stability ratings.
Select a deductible amount that fits your financial situation.
Buy the policy that offers the best value and coverage.
Connecticut homeowners can have significant savings by bundling their home and auto insurance. On average, bundling can reduce the combined home and auto insurance costs by 12%, potentially accumulating yearly savings ranging from $147 to $535. Look into the possibility of maximizing these multipolicy discounts through Connecticut's best home and auto bundles.
Connecticut residents can tap into various homeowners insurance discounts. Here are three notable reductions:
Remember, to maximize savings, inquire about all available discounts when requesting a quote.
Farmers offers the lowest average premium in Connecticut at $1,259. For more options, explore cheap national providers.
Homeowners insurance typically does not cover flooding. For added protection, think about purchasing flood insurance to protect you financially from natural disasters, such as hurricanes and other flood events.
Coverage amount significantly impacts the homeowner's insurance premiums, with prices ranging from $1,259 to $5,600.
Bundling home and auto insurance in Connecticut can save you an average of 12% annually.
Whether you're evaluating potential costs or seeking to understand state-specific regulations, the following list offers valuable information for homeowners and professionals alike.
About Mark Fitzpatrick
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.
