Who Has the Cheapest Car Insurance for Homeowners in Connecticut?

For people who own their homes, one of the more important components that is looked at to help calculate a rate quote is the neighborhood you call home in Connecticut. Cities with larger populations or higher claims like Hartford, New Haven, and East Haven are more likely to have higher rates, whereas areas with lower crime rates and fewer weather claims benefit from lower coverage costs.

The information below lists the most expensive areas in Connecticut for homeowners to buy auto insurance in.

Rate quotes are estimated as the specific area where the vehicle is garaged can increase or decrease premium rates greatly.

The car, truck, or SUV driven is one of the main factors that determines whether or not you find the lowest-priced auto insurance for homeowners. Vehicles with lots of horsepower, poor safety ratings, or an increased likelihood of liability claims will cost quite a bit more to insure than safer, lower-performance models.

The list below presents auto insurance premiums for the most affordable automobiles to insure.

Prices above based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Connecticut minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Price information does not factor in your specific Connecticut location which can raise or lower prices greatly.

Looking at the numbers, cars like the Honda CR-V, Ford Escape, and Chevrolet Traverse are most likely to be the most economical vehicles to insure for people who own their homes.

Establishing which companies quote the cheapest insurance rates for homeowners takes a bit more work than just quoting one company’s rates. Each insurance company has their own formula to set premium rates, so we need to take a look at the lowest cost insurance companies in Connecticut.

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Utica National quotes some of the most affordable car insurance rates in Connecticut at around $995 annually. Travelers, USAA, Amica, and Nationwide also rank well as some of the lowest-priced Connecticut auto insurance companies.

As depicted above, if you are a customer of Amica and switched to Travelers, you may see a yearly price reduction of about $98. Drivers with Nationwide may save as much as $238 a year, and State Farm insureds might see rate reductions of $400 a year.

To find the cheapest auto insurance for homeowners in Connecticut, click here to start a quote or visit any of the companies below.

It’s important to note that these policy prices are averages for all drivers and vehicles in Connecticut and are not factoring in a rate decrease for homeowners. So the car insurance company that has the cheapest rates for you may not even be included in the list of companies above. That points out the importance of why you need to get rate quotes using your own driver information and specific vehicle type.

Choosing the top insurance provider is hard considering how many different companies there are to choose from in Connecticut. The rank data in the lists below can help you pick which auto insurers you want to consider comparing rates from. The rankings below are only made up of insurance companies that insure vehicles in the majority of U.S. states, so companies without a large exposure will not be included in the list.

Top 10 Major Car Insurance Companies in Connecticut Ranked by Customer Satisfaction

1. The Hartford – 93%
2. The General – 91%
3. Progressive – 90%
4. 21st Century – 89%
5. Travelers – 87%
6. State Farm – 87%
7. USAA – 87%
8. Safeco Insurance – 86%
9. AAA Insurance – 86%
10. GEICO – 85%

Top 10 Major Car Insurance Companies in Connecticut Ranked by Claims Service

1. Progressive
2. USAA
3. Liberty Mutual
4. GEICO
5. State Farm
6. Nationwide
7. The General
8. Allstate
9. The Hartford
10. 21st Century

Who is cheaper: Progressive, State Farm, Geico, or Allstate?

If you’re looking for the cheapest auto insurance for people who own their homes in Connecticut, four good companies to start with are Progressive, State Farm, Geico, and Allstate. The following table rates some of the different features that are available for customers.

Cheapest insurance quotes for people who own their homes

Drivers have a lot of different ways to quote cheap insurance rates in Connecticut, but the most common methods are from a non-exclusive or independent agent, a captive (or exclusive) agency such as Liberty Mutual or State Farm, or from a direct company like Geico or Progressive. Each way is similar, but insurance buyers need to understand the differences in how they provide price quotes.

Independent insurance agencies can place your business with multiple companies and can compare coverage rates with all of them. These agents are usually affiliated with several companies and can provide multiple price quotes, which may provide you with a better chance of finding cheaper coverage. If premiums increase, they simply switch companies in-house which prevents you from having to switch agents.

An agent who is captive is able to place business with a single insurance company, two examples being Allstate or Farmers Insurance agents. These agents are not able to quote prices from more than just one company, so they are skilled at selling on more than just price.

Buying insurance direct means you do not use local insurance agents and instead buy direct online or over the phone from a company like Progressive or Geico. Shopping direct is a good choice for drivers who have fewer assets and know how their policy works.

What is the best method to buy the cheapest auto insurance for homeowners in Connecticut? We’d like to say shopping direct saves the most money since that prevents the need to pay agent commissions, but that turns out to not be true. An argument could also be made that buying from an independent agent guarantees the best prices because they can shop around, but that is not accurate either. For the right applicant, exclusive agents have very competitive rates that cannot be beaten by either independent or direct companies.

Because of the variability of insurance rates, really the best method to make sure you’re not overpaying for insurance is to get quotes and compare the rates. We recommend you get price quotes from independent, exclusive, and direct to have enough rates to compare. For a list of companies with some of the cheapest Connecticut insurance rates, click here to view.