Average Costs and Cheapest Homeowners Insurance Companies in Connecticut

MoneyGeek analyzed home insurance quotes in Connecticut to help you find the cheapest options. If you are looking for cheap homeowners insurance in Connecticut, ASI offers the most affordable rates across all categories. ASI is the cheapest company for the baseline dwelling coverage of $250,000 and for expensive homes with $2 million in dwelling coverage. ASI is also the cheapest option for homeowners who have bad credit scores, those with newer homes and those with pools.

MoneyGeek used costs and service measures to break down the best homeowners insurance providers in Connecticut if you want to balance cost and quality.

MoneyGeek analyzed home insurance quotes in Connecticut by dwelling coverages to find the cheapest companies. ASI is the cheapest insurer for dwelling coverage of $250,000 in Connecticut at $1,032 per year.

The cheapest home insurance companies by dwelling coverage in Connecticut are:

• Cheapest for $100,000: ASI
• Cheapest for $250,000: ASI
• Cheapest for $500,000: ASI

You can toggle the table to see home insurance rates for the dwelling coverage that suits your needs. The level of dwelling coverage you need depends on the replacement cost of your home.

The average cost of homeowners insurance in Connecticut varies depending on the level of dwelling coverage that you need. For the baseline dwelling coverage in Connecticut of $250,000, the average cost per year is $1,649.

Dwelling coverage has a significant impact on home insurance rates since it determines how much damage the insurance company will cover you for. Higher dwelling coverage limits cost more because they offer higher coverage limits. For instance, it costs around $837 per year to purchase home insurance with dwelling coverage of $100,000, but dwelling coverage of $3 million costs approximately $19,339 per year. This is up to $18,502 more.

Many factors relating to your current situation and factors about your location determine your homeowners insurance costs in Connecticut. Companies can consider factors like your home’s age, your credit score, frequency of past claims and your proximity to a local fire department when determining your home insurance premiums.

You can adjust your dwelling coverage and other limits to see how rates of homeowners insurance in Connecticut vary based on your profile.

MoneyGeek analyzed quotes for different dwelling coverages to find the most affordable homeowners insurance in Connecticut.

If you have an expensive home, the cheapest insurers in Connecticut on average for home insurance with dwelling coverage of $2 million are:

• ASI: $6,527 per year
• Farmers: $8,882 per year

For homeowners with a military background, USAA is the second cheapest option for dwelling coverage of $2 million, costing roughly $7,698 per year.

If you want to find cheap homeowners insurance in Connecticut, it pays to shop around and compare quotes since rates for expensive homes can vary widely depending on the insurer.

MoneyGeek collected thousands of home insurance quotes to find the cheapest insurer in Connecticut for newer homes built in 2015 with $250,000 in dwelling coverage.

On average, the cheapest companies in Connecticut for newer homes with $250,000 dwelling coverage are:

• ASI: $592 per year
• Travelers: $898 per year

Home insurance costs in Connecticut for a home built in 2000 can be higher by up to $356 per year compared to rates for a newer home built in 2015.

Due to a different ZIP code collection process, numbers for these 2000 homes may differ from the first section.

The average cost of homeowners insurance in Connecticut for a newer home built in 2015 is $1,255, while an older home constructed in 2000 costs approximately $1,610 for similar dwelling coverage. Older homes are more expensive to insure because older building materials tend to be less damage-resistant and more likely to wear out.

MoneyGeek averaged thousands of quotes to help you find low cost homeowners insurance in Connecticut if your home has a pool.

On average, the cheapest companies for home insurance in Connecticut for homeowners with pools and baseline dwelling coverage of $250,000 are:

• ASI: $973 per year
• Travelers: $1,261 per year

Having a pool may increase the cost of your home insurance since it increases the replacement cost of your home. In some cases, your insurer may require you to get additional coverage since your pool may not be included in your dwelling coverage limit.

If you have a pool in Connecticut, you will pay an average of $1,618 per year for $250,000 in dwelling coverage. A homeowner without a pool will pay $1,610 for similar coverage. These rates can vary based on other factors, including your location.

MoneyGeek analyzed home insurance quotes to help homeowners with a poor credit score find cheap homeowners insurance in Connecticut.

On average, the cheapest insurance companies in Connecticut for homeowners with poor credit and dwelling coverage of $250,000 are:

• ASI: $1,429 per year
• Allstate: $1,757 per year

Having a poor credit score will increase the cost of your homeowners insurance in Connecticut. Insurers consider homeowners with poor credit scores to be more likely to file a claim since they may not have the resources to maintain their homes. They are also more likely to default on payments.

Your credit score has an impact on your homeowners insurance costs. Having a poor credit score can increase the cost of homeowners insurance in Connecticut by $1,091.

How much you pay for homeowners insurance in Connecticut can vary based on where you live and the insurer you choose. ASI is the cheapest company for home insurance in Bridgeport. It is roughly $617 cheaper than Bridgeport’s average rates across all companies for a baseline dwelling coverage of $250,000.

You would need to disclose certain relevant information, such as your name, address, phone number and Social Security number, to your insurance provider if you are looking for home insurance in Connecticut. Additionally, you would need to disclose the value of your home and its contents, details of its construction and materials, add-ons like pools and solar panels, security systems and the presence of valuable items. With these details, your provider can come up with a binding home insurance quote for your home insurance.

To get an anonymous quote, you can use MoneyGeek’s Connecticut home insurance calculator that we created using thousands of quotes.

MoneyGeek analyzed homeowners insurance premiums from 10 of the top insurance companies in Connecticut that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across Connecticut. Quotes were gathered with an average home profile of 2,500 square feet, built in 2000, with an average dwelling coverage value of $250,000, liability coverage of $100,000 and personal property coverage of $100,000.