Average homeowners insurance cost in Waterbury, CT

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In Waterbury, homeowners pay an average annual rate of $2,162 for a coverage level that includes $300,000 for dwelling, $100,000 for liability protection, and a $1,000 deductible, according to Insure.com’s rate analysis. This is $342 less than the national average of $2,504.

Homeowners insurance premiums can vary significantly from one property to another. In Waterbury, the cost of home insurance is influenced by several factors, including:

Size of your home
Age of your home
Amount of coverage required
Location
Your credit score

It’s crucial to compare quotes from multiple insurers to ensure you get the best homeowners insurance policy. This allows you to find the coverage that meets your specific needs.

Read this guide to discover the monthly homeowners insurance cost in Waterbury, explore the insurance costs for different dwelling coverage, and find out which companies offer affordable home insurance in Waterbury.

Key takeaways

In Waterbury, homeowners insurance costs $2,162 annually.
National General Insurance offers the most affordable homeowners insurance in Waterbury with an average annual premium of $1,242.
If you increase your dwelling coverage from $200,000 to $300,000, your annual home insurance premium will be $471 higher.

Average homeowners insurance cost in Waterbury per month

Residents of Waterbury pay an average of $180 a month for homeowners insurance, as per Insure.com’s rate analysis. It’s $4 less than the state average of $184 and $29 less than the national average for home insurance across the United States.

The cost of your homeowners insurance policy in Waterbury may change based on location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house in Waterbury

The average cost of homeowners insurance in Waterbury, CT is $1,691 annually for the dwelling coverage of $200,000 and the liability protection of $100,000. The amount you pay for home insurance each year depends on many different things. The types of natural disasters or events that take place in your area affect how much you pay for coverage in your city.

Some areas are more at risk for natural disasters, like flood, hurricanes, or tornadoes. This means that if something happens, the cost of rebuilding would be higher in those areas, thereby leading to higher insurance premiums. Your insurance policy might not cover damage caused by floods or hurricanes. So, if you live in a flood-prone area, consider buying flood insurance coverage.

Average homeowners insurance cost for a $300,000 house in Waterbury

According to a rate analysis by Insure.com, homeowners in Waterbury pay an average of $2,162 per year for a $300,000 house. These rates are for the coverage limits of $100,000 for liability protection and $1000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $471 more a year for home insurance. It would be best to buy enough insurance to cover the full cost of rebuilding your home.

However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

Average homeowners insurance cost in Waterbury by company

After evaluating several carriers, National General Insurance is the least expensive homeowners insurance provider in Waterbury. It’s average annual rate for homeowners in Waterbury is $1,242.

State Farm holds the second position, while Farmers secures the third spot with an average annual home insurance rate of $1,809.

Researching the insurance company is crucial before selecting a homeowners insurance policy. Our experts have analyzed all insurance providers in Waterbury and compiled a list of the cheapest home insurance providers. Below, you’ll find the home insurance companies in Waterbury and their average annual premiums.

Home Insurance Company	Annual rate
National General Insurance	$1,242
State Farm	$1,671
Farmers	$1,809
American Family	$2,468
Chubb Ltd	$2,914
Amica Mutual	$1,852
Travelers	$4,565
USAA*	$1,701

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Waterbury for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.