Find the Best Homeowners Insurance Rates and Companies in Connecticut
The median home value in Connecticut is nearly $355,572. If you own a home in Connecticut, chances are your home is your most important asset. You’ll want to protect it from threats like fire, theft, vandalism, and severe weather. What’s more, you’ll want to protect your assets from the costs of lawsuits if you are sued for something that happens on your property. You can do this with homeowners insurance in Connecticut.
An independent insurance agent can help you find the best home insurance in Connecticut. Independent agents can help you get quotes from multiple insurance companies so that you can make the best choice for your needs and budget.
Best Homeowners Insurance Companies in Connecticut
Many insurance companies in Connecticut offer home, car, and business insurance. The following are some of the best homeowners insurance companies Connecticut. They are highly rated for their mix of valuable coverage offerings and competitive pricing.
- Hanover Insurance Group: Together with local independent agents, Hanover Insurance Group offers you tailored home insurance coverage options for your needs with the services and convenience you expect.
- Progressive: Progressive is based in Ohio, but offers homeowners insurance across all 50 states, including Connecticut. Connecticut residents can look to Progressive for most of their personal insurance needs.
- Travelers: Travelers offers highly rated homeowners insurance in Connecticut. It can meet your additional personal insurance needs with a full line of products including auto, boat, identity theft, umbrella, and other coverages.
- Stillwater Insurance Group: Stillwater is a national personal and commercial lines carrier with rock-solid financial stability. The company can help you with your homeowners insurance needs in Connecticut.
- Safeco: Safeco has been protecting individuals and families since 1923. The company offers homeowners insurance in Connecticut, as well as a comprehensive range of other personal insurance policies. Working through independent agents, Safeco makes it easy to get the best mix of coverage and pricing.
An independent insurance agent in your area can help you learn more about these and other homeowners insurance companies in CT. A local agent can help you get competitive quotes for the coverage that fits your insurance needs in Connecticut.
What Homeowners Insurance in Connecticut Can Cover?
Homeowners insurance is designed to cover certain types of property damage in Connecticut. The biggest risks to property in Connecticut include hurricanes, severe storms and lightning, heavy snow, flooding and water damage, and burglary and property crimes.
And Connecticut has even experienced quite a few natural disasters:
- Number of declared disasters in Connecticut since 1953: 36
- Most common types of disasters in Connecticut: Hurricanes and severe storms
- Average number of tornadoes per year in Connecticut: 2
- Average amount of property damage claims per year in Connecticut: $536,638,000
When these kinds of events damage your home or your belongings, your home insurance policy in Connecticut will help you with the following types of coverage:
- Dwelling coverage: Covers your house and attached structures. It also covers items like plumbing, heating, and permanently installed air conditioning systems, and electrical wiring.
- Other structures coverage: Protects other structures on the property such as detached garages, tool sheds, retaining walls, and so on.
- Personal property coverage: Protects the contents of your home and other personal belongings owned by you or family members who live with you.
- Loss of use coverage: Helps you with additional living expenses if your home is damaged by a covered peril (e.g., a fire) and you cannot live in your home while repairs are being made. It typically covers expenses like housing, meals, storage, and more, as long as they are in line with your usual living expenses.
- Personal liability coverage: Provides coverage if you or a resident of your household is responsible for causing property damage or an injury to someone else.
A local independent insurance agent can help you find the best homeowners insurance in Connecticut.
What Homeowners Insurance in Connecticut Will Not Cover?
Homeowners insurance in Connecticut excludes coverage for certain losses. It does not cover everything that can go wrong with your home or on your property.
First, the liability coverage in your homeowners insurance policy has certain limitations. If you hurt someone because of an intentional act, your liability coverage will not cover you. You can find all the exclusions to your liability coverage in your policy documents.
Moreover, your property coverage will not cover every type of property damage you might encounter. Almost all homeowners insurance policies in Connecticut exclude coverage for property damage caused by the following:
- Ordinance or law (e.g., demolition or construction required to bring your house up to code)
- Earth movement (e.g., earthquakes, sinkholes, landslides)
- Water damage due to floods, sewer backups, and water that seeps through the foundation
- Power failure
- Nuclear hazard
- Intentional acts
- Governmental action (e.g., destruction, confiscation, or seizure of covered property by any governmental or public authority)
- Loss to property resulting from faulty zoning, bad repair or workmanship, faulty construction materials, and defective maintenance
To avoid any surprises down the road, be sure to understand what your home insurance in Connecticut does and does not cover when you decide to purchase a policy.
Flood Damage in Connecticut
Flooding can be a significant concern for many homeowners, but homeowners insurance in Connecticut does not cover flood damage.
Flooding can be a problem in some areas of Connecticut. In fact, it is one of the top five risks for homeowners in the state. Some areas of the state will have a higher likelihood of flooding than others.
It’s important to discuss your need for supplemental flood insurance with your independent insurance agent.
If necessary, your agent can help you purchase flood insurance from the National Flood Insurance Program (NFIP), a program established by the federal government to help homeowners recover after a flood event.
Average Cost of Homeowners Insurance in Connecticut
Connecticut is the 11th most expensive state for home insurance in the US. The average cost of homeowners coverage in Connecticut is higher than the national average.
- National average yearly premium: $1,211
- Connecticut average yearly premium: $1,479
Every insurance company has a different formula for calculating insurance premiums. They basically want to predict how risky you are to insure or how likely you are to file a costly claim.
If your property’s location comes with more hazards than most, expect to pay more. You will also pay more if your home will cost more to repair or rebuild than others. Insurance companies may evaluate the following risk factors to determine your home insurance cost in Connecticut:
- The size, age, and value of your house
- Whether the property is your primary residence or a second home
- The number of stories in your house and whether it has a basement
- The crime, weather, and disaster risks in your area
- Your previous home insurance claims history
The best way to make sure you are getting the best price for your unique home is to compare quotes from multiple insurance companies. A local independent insurance agent can help you get home insurance quotes in Connecticut.