A New England state that often likes to go its own way, Connecticut has a strong sense of character, a history in many industries, and many people living in homes there. And while the state is generally safe, there are still risks present which could damage or in rare cases destroy your home. We think it’s smart to be prepared for such circumstances, and as such recommend homeowners insurance to just about every family that might need it. To help you along, we found the cheapest providers available in Connecticut.
Here are the four cheapest homeowners insurance providers operating in Connecticut:
The Four Cheapest Quotes:
Not every house in Connecticut will be the same, and nor will every policy provided by the same company. With this in mind, please note that your quote will vary from the average listed below.
The number listed next to each provider is the average annual rate for a standard policy.
1) Amica: $705
Other than being the cheapest option in the state for most people, Amica stands out for its reputation of providing excellent customer service and having customer retention and satisfaction rates far above the industry average. Able to accommodate the needs of your home, whether large or small, Amica will be there with you from an easy signup process to the quick and painless claims process.
Yet for the price, you won’t get everything. In-person agents might not always be available, and other companies can provide a more modern online experience. You will also need to double-check which policy options are available in your area, although you shouldn’t experience too many problems along this line.
You can expect the following working with Amica:
- Access to a network of professionals that can help you repair your home in the event of an emergency.
- Optional coverages such as water backup, computers, valuable items, communal property loss assessment, credit card fraud, business property, and others.
- A relatively wide range of customization options for your coverage plan.
2) State Farm: $902
The second cheapest provider on average is State Farm, a company with a national presence and a reputation across the country of being of the most accessible and inexpensive providers of insurance (of all types). If you’re looking for a simpler solution or just want to fulfill a requirement and then forget about the issue, State Farm will be a great option for you. Financially strong and with great online tools, its reliability and accessibility will keep you resting easier at night.
Yet there is another side to that relative simplicity. You might not be able to find with State Farm all of the specialized coverages and customization options other companies offer. The same goes for discount options: outside of very basic discounts, there isn’t too much past the front page. You’ll have to decide whether this works to your benefit or not.
You can expect the following working with State Farm:
- An online quoting system that will provide you with all the information you need right off the bat.
- An extremely experienced infrastructure that has dealt with just about everything in every state.
- A large and widespread network of agents that stand willing and ready to help you.
3) Nationwide: $935
Rounding out our trio of less expensive finds is Nationwide, an excellent provider of insurance services that allows for more customization and flexibility regarding your policy than nearly any other provider that operates in Connecticut while remaining affordable. There’s a lot to consider with Nationwide, and if you know what you want, start here.
Yet there’s a cost to having more options, and in the case of Nationwide, that often will mean that those optional coverages can drive up your cost more than other providers’ similar plans would. Additionally, there are some processing issues reported by customers, and not every agent is perfect. You may need to know how to navigate the space just a bit to work with them.
You can expect the following working with Nationwide:
- Discounts available such as those for people who recently bought a home, remain claim-free, bundle their policies, and others. Several of them combined can possibly make Nationwide your cheapest option.
- Coverage add-ons including the following: flood, earthquake, water backup, identity theft, and enhanced home replacement and valuables coverages.
- A free and optional annual review to help you make sure you’re getting the best policy every year.
4) Liberty Mutual: $2,428
After the last three choices, it might seem ludicrous to even consider choosing Liberty Mutual to get homeowners insurance from, and in most cases, it would indeed be illogical to seriously consider them. Yet they are still a major provider operating in the state, and you may find yourself lucky with the rate they offer if you get a quote. We find them to be an all-around average to above-average provider that will often give you ways to save, whether that involves bundling your policies or installing protective devices throughout your home.
Yet even for all the expense you’ll experience, there’s a few issues with Liberty Mutual. People have reported problems making claims that should have been accepted, and reported response times can vary, which is not something you want to have to worry about during a stressful time in your life.
You can expect the following working with Liberty Mutual:
- Partnerships with thousands of organizations and employers across the country, potentially allowing you to get a discount or other benefits if you’re a member.
- A very helpful library of information and resources should you want to know more about insurance in general or your specific policy.
- The ability to help you get emergency repairs made in the event of damage to your home.
A state with a history that intertwines deeply with that of the insurance industry, Connecticut has some great and inexpensive options available if you’re looking for homeowners insurance. We encourage you to make a note of which of the above companies caught your notice, do a bit more research, and then get quotes with which to make comparisons. It might not be the easiest process, but we’re confident that it will get you the insurance your home needs.