Updated: November 5, 2024
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Chubb is Connecticut's best home insurance company overall, while State Farm offers the most affordable rates and is ideal for luxury homes. Travelers is the best choice for new homeowners, providing tailored coverage despite not being the cheapest option. Our comparisons use a $100,000 dwelling coverage limit, but other coverage amounts may impact your premium.
For those on a budget, MoneyGeek also analyzed the cheapest home insurance in Connecticut regardless of service quality.
Best HomeInsuranceConnecticut
Why Trust MoneyGeek? We analyzed data from the Connecticut Department of Insurance and Quadrant Information Services to identify the best homeowners insurance options in the state.
Home insurance rates in Connecticut represent the latest quotes as of July 2024.
Chubb offers the best homeowners insurance in Connecticut, excelling in both value and customer satisfaction.
Homeowners have many insurance options, each varying in cost and customer service. Find the right balance between affordability and reliable service to meet your needs.
Chubb leads in customer service and coverages in Connecticut. The average annual premium is $1,163.
It provides savings through discounts for newer and updated homes, benefitting those who invest in maintaining and upgrading their properties.
Chubb provides the best service quality among home insurance companies in Connecticut.
High service quality ensures timely responses and reliable claims support, especially after stressful events like natural disasters.
Chubb excels with a perfect customer satisfaction score of 65 out of 65. Add-ons include guaranteed replacement cost, ensuring homes are rebuilt to their original state regardless of cost increases, and building ordinance or law, covering extra expenses to meet current codes.
State Farm offers the best affordable home insurance for those on a tight budget. Here are the top providers of the cheapest homeowners insurance in Connecticut:
State Farm excels with an affordability score of 72 out of 75. However, low premiums don't always guarantee the best service. Consider both service quality and the average cost of homeowners insurance in Connecticut, as a slightly higher rate might offer better support during claims.
State Farm offers Connecticut homeowners budget-friendly options, with an average annual premium of $772.
Homeowners can reduce premiums by bundling policies and installing protective devices like smoke alarms. Add-ons include scheduled personal property, protecting valuables like cameras and musical instruments against loss or damage, and building ordinance or law, for rebuilding to current building codes after a covered loss.
State Farm offers the best insurance for expensive homes in Connecticut. Here are the top choices for homeowners needing $1 million in dwelling coverage:
As high-value homes require more comprehensive coverage, finding a provider like State Farm that delivers an optimal balance of value and quality is crucial.
State Farm leads with a perfect affordability score of 55 out of 55, offering an average annual premium of $4,170.
Discounts like protective device savings can further reduce premiums for expensive homes. State Farm also offers scheduled personal property and building ordinance or law coverages.
Travelers offers the best insurance for new homes in Connecticut.
With outstanding affordability and customer satisfaction scores, Travelers offers an exceptional balance of cost efficiency and service quality for home insurance.
Travelers stands out with an affordability score of 55 out of 55 and an average annual premium of $3,218. It offers scheduled personal property coverage for valuables like jewelry and art. Homeowners can save through discounts for newly purchased homes and eco-friendly renovations.
USAA is the leading homeowners insurance company for veterans in Connecticut.
USAA exclusively serves military families, providing reliable coverage despite frequent relocations and deployments.
USAA earns an affordability score of 52 out of 55 and a perfect customer satisfaction score of 30 out of 30. Its average annual premium is $868.
The personal property replacement cost coverage ensures replacing items at full value without deducting for depreciation. USAA also offers discounts for smart home technology users and long-term policyholders.
The best homeowners insurance companies balance strong coverage and excellent customer service with affordable premiums. To find the right policy for your needs, follow these steps:
Determine how much home insurance coverage you need by assessing the value of your home and belongings. Consider replacement costs and specific risks associated with your location to ensure adequate protection.
Look into reputable insurers, focusing on their track records, customer service, response times and financial stability.
Gather quotes from multiple insurers, ensuring the coverage terms are comparable. Use online tools to compare home insurance quotes to speed up the process and check premium differences for similar policies.
Review policies carefully to understand the coverage limits, deductibles, exclusions and the claims process that affect coverages and out-of-pocket costs.
Seek advice from an independent insurance agent. They can help identify your needs, clarify policy complexities and find applicable discounts.
In Connecticut, there’s no legal mandate for flood insurance. However, to mitigate the financial impact of possible flooding, it’s recommended to have flood insurance in Connecticut.
Selecting the best homeowners insurance provider depends on your coverage needs and financial situation. To help you choose, we've answered common questions about home insurance in Connecticut.
Chubb is the overall best home insurance provider in Connecticut, with a MoneyGeek score of 93 out of 100 and an average annual premium of $1,163.
State Farm offers the cheapest homeowners insurance in Connecticut, with an average annual premium of $772. Homeowners may further reduce their costs by qualifying for discounts.
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.
