Best and Cheapest Renters Insurance in Hartford, CT (2024)

The best renters insurance company in Hartford, Connecticut is State Farm, with a MoneyGeek score of 93 and an annual premium of $81. The cheapest renters insurance provider in Hartford, Connecticut is Allstate, with a MoneyGeek score of 94 and an annual premium of $66.

The best homeowners insurance provider should offer a balance of customer service with affordability. Depending on your needs, other providers may be best. Travelers wins for service quality with an annual premium of $276. MoneyGeek also looked into the best and cheapest renters insurance in Connecticut for those who live elsewhere in the state.

The best renters insurance in Hartford, Connecticut, is State Farm with a MoneyGeek score of 93 out of 100 and an annual premium of $81. The following providers are the top two best renters insurance providers in Hartford for a policy with $20,000 in personal property coverage, $100,000 in personal liability, and a $1,000 deductible.

• State Farm: MoneyGeek score of 93 out of 100 ($81 per year)
• Chubb: MoneyGeek score of 92 out of 100 ($100 per year)
  
  The best provider in the state balances both cost and affordability.

In Hartford, Connecticut, Allstate offers the cheapest renters insurance at an annual premium of $66 for $20,000 in personal property coverage. Personal property coverage protects your belongings in case of theft, fire, or other covered events. The following providers are the top two cheapest providers in Hartford for $20,000 in personal property coverage and a $1,000 deductible, and MoneyGeek rated the cheapest renters insurance in Hartford with minimal consideration for customer service.

• Allstate: $66 per year
• Farmers: $77 per year

Cheap renters insurance policies often come with low personal property coverage limits. While higher coverage limits can lead to higher monthly costs, they offer better protection if you have many personal belongings.

In Hartford, Connecticut, Allstate offers the cheapest renters insurance for a policy with $20,000 in personal property coverage and a $2,000 deductible, with an annual premium of $66. A deductible is the amount you pay out of pocket before your insurance covers the rest and can affect your rates. The following providers are the top two cheapest providers in Hartford for $20,000 in personal property coverage and a $2,000 deductible:

• Allstate: $66 per year
• State Farm: $69 per year

A higher deductible often leads to cheaper premiums, while a lower deductible means higher premiums. It’s important to balance both to ensure you can afford your premiums and manage out-of-pocket costs if you need to file a claim.

In Hartford, Connecticut, Travelers is the best renters insurance company for service quality, with an annual premium of $276. The following providers are the top two best in Hartford for a policy with $20,000 in personal property coverage, for those who value great customer service without considering affordability.

• Travelers: MoneyGeek score of 96 out of 100 ($276 per year)
• Chubb: MoneyGeek score of 93 out of 100 ($100 per year)

Great customer service is important for renters looking for insurance because it ensures help and support when you need it most. For instance, when you make a claim, a company with excellent customer service will guide you through the process efficiently, making it less stressful.

State Farm offers the best renters insurance for high personal property coverage in Hartford, Connecticut, with an annual premium of $190 for a policy with $100,000 in personal property coverage. High personal property coverage ensures that renters with a significant amount of belongings are financially protected in case of loss or damage. For $100K in personal property coverage, the following providers are the top two best providers in Hartford:

• State Farm: MoneyGeek score of 95 out of 100 ($190 per year)
• Allstate: MoneyGeek score of 88 out of 100 ($236 per year)

Renters who own a lot of belongings often need higher personal property coverage, which compensates them for the loss or damage of their possessions. While higher coverage can mean higher premiums, it's important to find a provider that offers a good balance of cost and service. For items of high value, like jewelry or art, consider additional coverage, as standard policies may not fully cover these items.

USAA is the top-ranked renters insurance company for those with military backgrounds in Hartford, with an annual premium of $159. The following providers are the top two best providers in Hartford for military members:

• USAA: MoneyGeek score of 100 out of 100 ($159 per year)
• State Farm: MoneyGeek score of 93 out of 100 ($81 per year)

USAA offers a range of products tailored for those with a military background, providing discounts and coverages that suit the military lifestyle. While USAA ranks first in affordability, it's worth considering its offerings for their tailored benefits.

The top renters insurance provider for those with poor credit in Hartford is Chubb, with an annual premium of $153 for a policy with $20,000 in personal property coverage. The following providers are the top two best providers in Hartford for those with poor credit for the same type of policy:

• Chubb: MoneyGeek score of 93 out of 100 ($153 per year)
• State Farm: MoneyGeek score of 91 out of 100 ($163 per year)

Rates in Hartford for those with poor credit are often higher because they pose a greater risk to providers. Insurers view poor credit as an indicator of potential for filing more claims. However, you can take steps to improve your credit, which may help lower your rates over time. It's also beneficial to look for discounts that could reduce your premium.

The average cost of renters insurance in Hartford, Connecticut, is $150 annually or $12 monthly. This is slightly lower than the state average of $151. Compared to the national average of $145, Hartford's cost is marginally higher. These rates are based on a renters insurance policy with $20,000 personal property limits, $100,000 liability limits, and a $1,000 deductible.

Renters should remember that the average cost of renters insurance in Hartford may vary greatly depending on the amount of personal property coverage you purchase. Personal property coverage protects your belongings in case of theft, fire, or other covered events. Use the calculator below to see how prices change based on the value of your personal property.

Various elements can influence the cost of renters insurance in Hartford, Connecticut. For instance, the neighborhood you live in and the amount of coverage you need can significantly impact your premium. Knowing what affects your insurance costs is essential when shopping for a policy, as it helps you make informed decisions and avoid overpaying. Below are some key factors that affect renters insurance costs:

• Location: Where you live in Hartford can affect your premium. Areas with higher crime rates or risk factors may lead to higher costs.
• Coverage Amount: The more coverage you require, the higher your premium will be. Ensure you choose a coverage amount that aligns with your needs.
• Deductible: A higher deductible can lower your premium, but it means you'll pay more out of pocket in the event of a claim.
• Personal Property Value: The value of your personal belongings can affect your premium. Higher-value items typically increase the cost.
• Claims History: A history of frequent claims can result in higher premiums. Insurers may view you as a higher risk.

Renters insurance primarily protects your personal belongings from damage, but it also covers other areas such as liability and loss of use. Here’s a breakdown of what renters insurance typically covers:

• Personal Property Coverage: This covers your personal belongings in case of damage or theft. For example, if a fire damages your apartment in Connecticut, your policy would pay to replace your damaged items.
• Personal Liability Coverage: This protects you if someone gets injured in your apartment and you are found legally responsible. For instance, if a guest slips and falls in your Connecticut rental, this coverage can help pay for their medical expenses and legal fees.
• Loss Of Use Coverage: Loss of use covers additional living expenses if your rental becomes uninhabitable due to a covered peril. If your Connecticut apartment is damaged by a storm and you need to stay in a hotel, loss of use coverage can help cover those costs.

Although renters insurance provides a financial safety net, it doesn't shield against every mishap. For instance, it typically excludes flood damage and your roommate's possessions.

• Natural Disasters: Standard renters insurance often does not cover damage from earthquakes or floods.
• Roommate's Belongings: Personal property coverage does not extend to items owned by a roommate unless they are listed on the policy.
• High-Value Items: Expensive jewelry or electronics may exceed the policy's limit and require additional coverage.
• Business Equipment: Property used for business purposes might not be covered under a standard renters insurance policy.
• Pest Damage: Infestations and damage from pests like bed bugs or rodents are usually not covered.
• Car Theft: While personal property stolen from your car may be covered, the theft of the car itself is not.

The best renters insurance provider for you in Hartford ultimately depends on your needs. To help you further, we have compiled a list of frequently asked questions below.