The average cost of homeowners insurance in Connecticut is $1,751 per year for a policy with $300,000 in dwelling coverage and a $1,000 deductible — lower than the national average of $2,529. This makes Connecticut one of the nation’s more affordable home insurance markets, but you can reduce your rates even further by comparing quotes from several different insurers.

Here’s what you need to know to find the best insurance policy for you in Connecticut.

Best home insurance companies in Connecticut

Many reputable home insurance companies serve homeowners in Connecticut. But not all home insurers are created equal. The best homeowners insurance company for you will depend on your unique situation and coverage needs.

In the table below, you’ll find four of the state’s top insurers as well as markets in which they excel. Keep them in mind as you begin your search for a new insurer.

Cheapest rates: Vermont Mutual

Best insurer for flood-prone areas: Narragansett Bay Insurance

If your home is located in a flood-prone area of Connecticut, Narragansett Bay Insurance could be a good choice. The company’s NBIC Flood Endorsement is an alternative to National Flood Insurance Program flood insurance and private flood insurance.

When you add this endorsement to your home insurance policy, the flood insurance limits match your home insurance policy limits, and you get replacement cost coverage for your dwelling. You can also add replacement cost coverage for your personal property.

Best insurer for sustainable homes: Travelers

Best insurer for discounts: Amica Mutual

Cheapest home insurance in Connecticut

The cheapest home insurance company in Connecticut is USAA, which has an average monthly rate of $100 per year for a policy with $300,000 in dwelling coverage. The average cost of home insurance from USAA is much cheaper than the statewide average rate of $144.

Here, you can see several other home insurance companies that offer affordable rates in Connecticut.

Cost of homeowners insurance in Connecticut

The average cost of home insurance in Connecticut is $1,751 per year for a policy that includes $300,000 in dwelling insurance and a $1,000 deductible. To compare, the U.S. national average home insurance premium is $2,529 per year for the same amount of coverage.

Some of the factors that can affect home insurance rates include your ZIP code, the age and size of your home, your coverage limits, and the type of home insurance you choose.

In general, the riskier your home is to insure, the more expensive your premium will be.

Cost of homeowners insurance by dwelling coverage amount

The amount of dwelling coverage you purchase has a big effect on your premium. Selecting higher coverage limits will result in a higher premium, and vice versa.

Here, you can see how your average monthly premium will fluctuate based on your amount of dwelling coverage. Rates shown are for policies with a $1,000 deductible.

Cost of homeowners insurance by deductible

When you file a home insurance claim, your deductible is the portion that you pay out of pocket before your insurance coverage kicks in. Policies with higher deductibles typically have lower premiums, whereas policies with lower deductibles have higher premiums.1

If you want the cheapest home insurance policy, it’s best to choose a high deductible. But you should only choose a higher deductible if you can afford to pay it out of pocket if you need to make a claim.

Here, you can see how your premium shifts for $300,000 in dwelling coverage, based on your deductible amount.

How to get cheap homeowners insurance in Connecticut

Insurers base the cost of your home insurance premium on a variety of criteria. Some of those factors, including the age of your home and your ZIP code, are out of your control. Fortunately, you can still do things to save money on your home insurance, including:

• Install safety devices. Many Connecticut home insurance companies offer a discount to customers who install certain protective devices in their homes. For instance, if you install a sprinkler system or a self-monitoring home security system, you could qualify for a lower premium.

• Pay the premium in full. You can usually save money on your homeowners insurance rate if you pay your annual premium up front and in full. 

• Avoid home insurance claims. Filing home insurance claims often leads to a rate increase. If you experience a minor covered loss, like a broken window after a storm, consider making the repairs yourself instead of filing a claim. It could save you money in the long run.

• Shop around. The cost of home insurance can vary significantly between insurance companies. Shopping around and comparing quotes from a few different insurers can help you find the cheapest policy for your situation.

How much homeowners insurance do you need in Connecticut?

Home insurance isn’t a legal requirement in Connecticut, but most mortgage lenders require it.2 While your lender might have its own requirements for home insurance, it’s helpful to understand how much home insurance coverage you should have for the best possible protection for your situation.

Insurance experts usually recommend purchasing enough dwelling insurance to cover the cost of rebuilding your house and attached structures to their previous condition. For personal property insurance, your coverage limits should match the total value of your personal belongings. If you have valuable items, like fine jewelry or collectibles, you may need to add an endorsement for higher coverage limits.

For liability insurance, the general rule is to choose a coverage limit based on the value of your personal assets, including any real estate, cars, boats, savings, investments, and money in your retirement accounts. That way, you’re protected financially if someone sues you in a third-party liability claim.

Most home insurance companies offer several fixed-coverage limits for medical payments insurance and loss-of-use insurance. Choosing higher coverage limits will give you the most protection, but it’ll also increase the premium.

Before you purchase home insurance, make sure you know exactly what your policy covers and how much coverage you have. If there are any gaps in your coverage, ask an agent about what endorsements or separate policies might be beneficial. It’s also a good idea to review your home insurance policy every year to ensure you’re still adequately covered.

What are some of the biggest risks when owning a home in Connecticut? 

Homeowners in Connecticut are susceptible to many different risks, especially those of severe weather. Here are some of the biggest risks in the state to be aware of: