Best and Cheapest Renters Insurance in Connecticut (2024)

Chubb is the best for $20K in personal property coverage, with an average annual premium of $98 and a MoneyGeek score of 94 out of 100. The most affordable provider is Allstate with an annual premium of $71.

Travelers is the best for those who value service, and USAA is the best for military members. Ultimately, the best for you will depend on your needs.

Chubb is the best renters insurance provider in Connecticut with a MoneyGeek score of 94 out of 100 and an annual premium of $98 for $20K in personal property coverage. The following are the two best renters insurance providers in Connecticut for the same policy:

• Chubb: MoneyGeek score of 94 out of 100 ($98 per year)
• State Farm: MoneyGeek score of 92 out of 100 ($90 per year)

While Chubb is not the cheapest option, it still has a good balance between customer satisfaction and affordability.

Allstate offers the cheapest renters insurance in Connecticut, with an annual premium of $71 for $20K in personal property coverage and $1,000 deductible. The following are the top two cheapest providers in Connecticut for the same policy:

• Allstate: $71 per year
• Farmers: $74 per year

Personal property coverage helps protect your belongings, such as furniture and electronics, against damages like theft or fire. Cheap renters insurance policies often have low personal property coverage limits. Higher personal property coverage limits can lead to higher monthly costs but provide better protection for your belongings.

For policies with $20K in personal property coverage and a $2,000 deductible, the top two cheapest providers in Connecticut are:

• Farmers: $67 per year
• Allstate: $71 per year

A deductible is the money you pay before your insurance company helps cover a claim. Choosing a higher deductible typically lowers your insurance premium because you're assuming more financial responsibility. Review the table below to see how changing your deductible can impact rates.

Travelers is the best renters insurance company for service quality in Connecticut for $20K in personal property coverage, with an annual premium of $311. If you're seeking excellent customer service, the following providers are the top two best in Connecticut:

• Travelers: MoneyGeek score of 96 out of 100 ($311 per year)
• Chubb: MoneyGeek score of 93 out of 100 ($98 per year)

Great customer service can make a substantial difference to renters, especially during stressful times like making a claim. For instance, if you suddenly experience property loss or damage, a swift and empathetic response from your insurer can provide much-needed peace of mind.

State Farm is the best renters insurance company for renters who need extra personal property coverage in Connecticut with an annual premium cost of $214. For $100K in personal property coverage, the following providers are the best in Connecticut:

• State Farm: MoneyGeek score of 95 out of 100 ($214 per year)
• Allstate: MoneyGeek score of 88 out of 100 ($253 per year)

Renters with more personal belongings often require higher personal property coverage, which is designed to protect items like furniture, electronics, and clothing from theft, damage, or loss. Even if it costs more each month, it's important to get the coverage amount you need to protect your assets — this ensures that if an unfortunate event occurs, you'll have the necessary financial protection and support to recover your losses.

USAA is the premier renters insurance company for renters with military backgrounds. Chubb is the second-best company for veterans and military families.

• USAA: MoneyGeek score of 100 out of 100 ($150 per year)
• Chubb: MoneyGeek score of 94 out of 100 ($98 per year)

USAA provides various products specifically designed to meet the needs of military members, including discounts and coverages that align with the military lifestyle.

In Connecticut, the best renters insurance company for those with poor credit is Chubb with an annual premium of $150. The following are the top two best providers in Connecticut for those with poor credit:

• Chubb: MoneyGeek score of 94 out of 100 ($150 per year)
• Allstate: MoneyGeek score of 91 out of 100 ($71 per year)

Rates for those with poor credit are often higher, as they pose a greater risk to providers. Providers view them as a higher risk due to potential financial instability. You can take steps to improve your credit to lower rates and take advantage of discounts where possible.

The average cost of renters insurance in Connecticut is $152 annually, which translates to $13 monthly. This is slightly higher than the national average of $146 annually. These rates are based on a renters insurance policy with $20K personal property limits, $100K liability limits, and a $1,000 deductible.

Renters should remember that the average cost of renters insurance in Connecticut may vary greatly depending on the amount of personal property coverage they purchase. Use the tool below to get an estimate based on your needs.

The average cost for renters insurance varies not only by state but also by city. For instance, the annual premium in Bridgeport, Connecticut, is $157, compared to $151 in Hartford, while the state average is $152.

These rates are based on a renters insurance policy with $20K personal property limits, $100K liability limits, a $1,000 deductible, and a good credit score. Use the table below to see the average cost in your city.

Multiple factors impact the cost of renters insurance in Connecticut, including location, coverage amount, and deductible. Understanding these factors is important for making informed decisions and potentially saving money. Below are the key factors that affect renters insurance costs:

• Location: Urban areas typically have higher premiums due to increased risk factors.
• Coverage Amount: Higher coverage limits mean higher premiums.
• Deductible: Lower deductibles result in higher premiums.
• Claims History: A history of claims can increase your premium.
• Credit Score: A lower credit score can lead to higher premiums.

Determining your personal property coverage involves creating a personal inventory of all your belongings at home. A personal inventory is a detailed list of your items, including descriptions, values, and photos. Follow these steps to create your personal inventory:

1. List all items: Walk through each room and write down every item you own.
2. Describe each item: Include details like brand, model, and serial number.
3. Estimate the value: Research current market values or use receipts if available.
4. Take photos: Photograph each item for visual documentation.
5. Store securely: Keep your inventory in a safe place, like a cloud storage service.

Renters insurance primarily protects your personal belongings from damage, but it also extends to other areas such as liability and additional living expenses. Here's what a typical policy may cover:

• Personal Property Coverage: Safeguards your possessions against covered perils like theft to help you replace them.
• Personal Liability Coverage: Protects you from legal responsibility for injuries or damage to others, such as if a guest is injured in your rental unit.
• Loss of Use Coverage: For additional living expenses if your rental is uninhabitable due to a fire, for example, loss of use coverage can cover temporary housing costs.

Renters insurance typically applies to specific events, like theft, vandalism or specific natural disasters. Here's what most policies cover:

• Fire or lightning
• Windstorm or hail
• Explosions
• Riots
• Damage caused by aircraft
• Damage caused by vehicles
• Smoke damage
• Vandalism
• Theft
• Volcanic eruption
• Falling objects
• Weight of ice, snow or sleet
• Water-related damage from home utilities
• Electrical surge damage

Although renters insurance provides a safety net for your personal property and liability, it does not universally cover all losses. For instance, damage from floods or earthquakes typically falls outside standard policies. Here's what else is usually not included:

• Natural Disasters: Standard policies often exclude events like floods and earthquakes.
• High-Value Items: Expensive jewelry or electronics may exceed policy limits.
• Business Equipment: Items used for business purposes may require additional coverage.
• Roommate Property: Your policy does not cover your roommate's belongings.
• Pest Damage: Infestations and damage from pests are generally not covered.
• Car Theft: Personal vehicles are covered under auto insurance, not renters insurance.

Understanding these exclusions can help you seek additional coverage if necessary, ensuring you're protected against a wider range of potential risks.

Finding the best renters insurance provider for you can be easy. We've answered some common questions to help you make an informed decision.