Best home insurance companies in Connecticut
Connecticut has a higher-than-average annual homeowners insurance rate of $1,610, mostly due to East Coast flood dangers. Finding an affordable quote with the home insurance coverage you need requires some research on your part. We're here to help with that.
We researched the home insurance providers currently operating in Connecticut to compare rates, coverage options and customer satisfaction trends. Here are the insurers we found to be at the top:
Liberty Mutual: most popular
Liberty Mutual currently holds 10.7% of the home insurance market share in Connecticut. This is interesting considering that its average annual rate in Connecticut is $1,795, $185 more than the state average of $1,610.
Liberty Mutual offers great long-term benefits for the price. If you insure your home for its full replacement cost, which we strongly recommend, it may qualify you for a discount. Liberty Mutual also offers inflation protection. This adjusts the coverage limits of your home insurance policy at your renewal date to reflect any inflation.
Allstate: cheapest rates
Allstate's average home insurance cost in Connecticut is $1,146 per year, $464 below the state average of $1,610, and $69 less than the national average of $1,215.
Allstate offers an excellent bundling package. If you bundle your home and auto insurance, you can get up to 25% off your annual rates. Also, if you're switching to Allstate, you can save up to 20% if you have not had a recent claim on your insurance history.
Allstate has agencies in 82 cities and towns in Connecticut, making it easy to find home insurance. Allstate has been a mainstay in the insurance industry since 1931, making it a widely recognized name. While how cheap a policy is shouldn't be the main priority when choosing your best home insurance, we recommend Allstate if budget is a primary factor. The graph below shows the average cost of an Allstate home insurance policy in Connecticut's larger cities:
State Farm: second-cheapest rates in Connecticut
The average State Farm home insurance rate in Connecticut is $1,176, $434 below the state average of $1,610.
On top of a low average premium, State Farm also has an excellent customer satisfaction history. J.D. Power gave State Farm a four-out-of-five rating in its 2019 home insurance study. Furthermore, the National Association of Insurance Commissioners gave State Farm a rating of 0.20 on its Complaint Index. The lower an insurer’s rating on the index, the better its performance. The average Complaint Index of the 20 home insurers operating in Connecticut is 0.33, and the national average is 1.0, putting State Farm well below both.
The following table shows State Farm's average home insurance rates in major cities in Connecticut. If getting your best home insurance quote possible on a budget is a priority, we recommend comparing Allstate and State Farm rates in your area. The table below can help you compare.
| City | State Farm home insurance rate |
|---|---|
| Bridgeport | $1,275 |
| Danbury | $1,071 |
| Greenwich | $962 |
| Hartford | $943 |
| New Britain | $1,136 |
| New Haven | $920 |
| Norwalk | $1,529 |
| Stamford | $1,064 |
| Waterbury | $989 |
| West Hartford | $1`,037 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Amica: best policy discounts
Amica's average home insurance cost in Connecticut is $1,334, $276 less than the state average of $1,610. Amica also has some great home insurance discounts that may reduce your premium even more:
- If you bundle your home and auto insurance together, you may reduce both premiums by up to 30%, one of the highest bundling discounts in the industry.
- If you remain claims-free for three years, you may qualify for a discount.
- Amica also offers a discount for setting up automatic payments.
J.D. Power gave Amica a five out of five in its 2019 home insurance study, the highest score of any of the home insurers we studied. Amica also has a low 0.22 NAIC Complaint Index.
Home insurance companies in Connecticut
The better known home insurance providers are popoular in Connecticut. The table below shows how the best home insurance companies in Connecticut compare:
| Company | Market share | Overall customer satisfaction* | NAIC Complaint Index (lower is better) |
|---|---|---|---|
| Liberty Mutual | 10.7% | 2/5 | 0.53 |
| Travelers | 8.1% | 2/5 | 0.30 |
| State Farm | 5.9% | 4/5 | 0.20 |
| Allstate | 5.4% | 3/5 | 0.57 |
| Amica | 5% | 5/5 | 0.22 |
| American Family | 4.4% | 3/5 | 0.62 |
| National General | 3% | 2/5 | 1.08 |
| MAPFRE | 3% | - | 0.72 |
| *According to J.D. Power's 2019 home insurance satisfaction study. | |||
Average cost of homeowners insurance in Connecticut
The average annual cost of homeowners insurance in Connecticut is $1,610. This is $395 above the average national home insurance price of $1,215. The state average was calculated based on 451 quotes from the nine top homeowners insurance companies operating in Connecticut.
| Connecticut | U.S. | |
|---|---|---|
| Average annual rate | $1,610 | $1,215 |
| Average monthly rate | $134 | $101 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
In looking at the average rates of the top homeowners insurers in Connecticut, we found that Allstate has the lowest average annual rate, of $1,146, with State Farm not far behind, with an average of $1,176. Great Northern has the highest average annual rate, at $2,242.
Home insurance rates in Connecticut by city
Connecticut has a constant high risk of flooding, which raises the average home insurance rate considerably. Of the most populated cities in Connecticut, Danbury has the lowest average rate, of $1,175, while Norwalk has the highest, at $1,975 annually.
$1,531
| City | Average rate |
|---|---|
| Bridgeport | $1,843 |
| Danbury | $1,175 |
| Greenwich | $1,178 |
| Hartford | $1,477 |
| New Britain | $1,463 |
| New Haven | $1,239 |
| Norwalk | $1,975 |
| Stamford | $1,475 |
| Waterbury | $1,266 |
| West Hartford | |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Connecticut homeowners insurance perils
Like all states along the East Coast, hurricanes and flooding are common facts of life in Connecticut. Home insurance providers consider extreme weather factors like these high risks, leading to higher home insurance costs.
Hurricanes
Coastal homes in Connecticut are at risk of hurricanes. In 2012, Hurricane Sandy caused a reported $360 million in damage across the state. Hurricane damage is usually covered by home insurance. However, states along the East Coast are required by home insurers to have a hurricane deductible. This deductible is often higher than the deductible listed in your homeowners insurance policy.
Connecticut hurricane deductibles are between 2% and 5% of your policy's Coverage A (dwelling) or Coverage B (other structures) limits, whichever is more. The percentage depends on the location of your home.
Floods
According to the Insurance Information Institute, Connecticut is the 14th highest-risk state for storm surges. These high levels of seawater are large causes of flooding along the East Coast. Standard home insurance does not cover flood damage. However, you can buy flood insurance through FEMA's National Flood Insurance Program (NFIP). NFIP coverage is available through home insurance providers in Connecticut that take part in the program, as well as some independent providers.
Methodology
QuoteWizard studied and analyzed 451 quotes from the nine top home insurers in Connecticut. As a base profile, we used a home valued at $286,575 and built in 1965 as a median.
The home insurance policy we rated included standard coverage amounts based on $286,575 in dwelling coverage and a $1,000 deductible.
Sample home insurance coverage limits
- Dwelling coverage: $286,575
- Personal property coverage (50% of dwelling): $143,288
- Other structures coverage (10% of dwelling): $28,658
- Loss of use coverage (20% of dwelling): $57,315
- Liability coverage: $100,000
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