Best Condo Insurance In Connecticut 2025

Condo insurance is not a legel requirement in Connecticut, however, your mortgage provider will probably require you to get coverage. Condo insurance typically provides coverage for the structure’s interior, while homeowners association’s insurance covers the exterior. Although depending on your HOA rules, condo insurance can also provide dwelling coverage for the interior structure.

In this guide, I’m sharing tips on how to choose the best condo insurance in Connecticut. From my experience as a former licensed insurance agent, I know the importance of adequate coverage, not just to protect your finances but to provide peace of mind.

Average Cost Of Condo Insurance In Connecticut

The average cost of condo insurance in Connecticut is $651 per year. However, the cheapest rates can be found with State Farm.

In this table, we’ll compare the yearly average costs of condo insurance in Connecticut from some major insurance companies.

Average Cost Of Condo Insurance In Connecticut – By City

The following table reveals the average monthly and yearly condo insurance costs for residents in 10 of Connecticut ’s most populated urban areas.

Average Cost Of Connecticut Condo Insurance – By Building Property Limits

The appropriate condo insurance amount is based on the value of your condo and its contents. The initial table provides a comparison of average annual rates for different building property limits in Connecticut.

Most Expensive ZIP Codes For Condo Insurance In Connecticut

Cheapest ZIP Codes For Condo Insurance In Connecticut

It’s essential to understand that the costs in the tables above are estimates that may change depending on various factors, such as the insurance coverage you choose, the location of your condo, and its structural features.

Besides considering cost, think about other important factors when choosing a policy. You want to find affordable insurance that provides robust coverage, along with an insurer that has a strong financial rating and great customer support.

Does Connecticut Require Condo Insurance?

Connecticut state law requires condominium associations carry insurance for common or shared areas as well as the structure of the building in addition to which they must maintain flood insurance if located in a flood zone, fidelity insurance, and liability insurance.

That said, unit owners are not required to have any property insurance by law but mortgage companies will often require condo insurance as a condition of lending.

Moreover, each condo association can write into their bylaws a secondary requirement for condo owners or renters to carry insurance for things that are not covered by the master policy such as personal belong.

Factors That Impact The Cost Of Your Condo Insurance Policy

Connecticut condo insurance companies will review four key factors when determining the cost of your policy, particularly your premiums:

Location

Location is one of the primary factors that impacts the cost of your condo insurance policy in Connecticut. Those properties that are located in flood zones will come at a higher premium because of the increased risk much the same as neighborhoods with high burglary rates will come with an increased risk.

That said, condos that are located inland typically have lower premiums as do those that are in close proximity to emergency services like fire stations and police departments.

Replacement Cost

You can select coverage amounts based on the value of your property and your personal items. In general, you might want at least 20% of the appraised value of your condo or a calculation based on the square footage and estimated reconstruction costs.

Claims History

Insurance companies will review your history of claims and if you have a lot especially in the recent past, you might be charged a higher premium but, conversely, if you don’t have a lot of claims you might be able to negotiate for a lower premium.

Age and Construction Type of Your Condo

Newly constructed condos will come at lower premiums in large part because they have more resistant materials for the construction, newer fixtures and appliances, and a decreased risk of claims. However, the opposite is true such that if you have an older condo you are at a risk for higher claims and higher premiums.

How Much Condo Insurance Do I Need In Connecticut?

In Connecticut there is no right or wrong answer for condo insurance coverage because it’s highly personalized. The insurance policy your Connecticut condo association has will likely cover damage to the exterior of the building like the siding or the roof as well as shared areas and liability in shared areas.

However this means that the interior of your condo, especially any upgrades you might make to the floors or the fixtures as well as your personal belongings are not covered so you’ll need to take an inventory and value all of these assets so that you can figure out how much coverage is best.

What Does Condo Insurance Cover In Connecticut?

Called HO-6 insurance, condo Insurance carried by a condo owner will apply to the interior of the condominium including the floors, walls, cabinets, and fixtures. The exterior of the condominium falls under the purview of the condominium association insurance policy.

You can invest in additional coverage for things like personal liability, personal belongings inside of the condo, as well as things like loss of use.

Policy amounts will vary based on the coverage you need, typically between $100,000 and $500,000 for liability as well as loss assessment up to $1,000 for covered issues.

How To Find The Best Condo Insurance Company For You

Connecticut is ranked 5th in the nation for Property and Casualty Insurance, meaning you can find a competitive market as a condo owner.

While the average payment for condo insurance is $646 per year for $300,000 in liability and $60,000 in personal property, choosing the right company should come down to more than just premiums and should extend to adequate financial protection for all of your belongings and your unit.

When picking the right policy:

1. Determine the coverage types and amount that you need
2. Research the most competitive companies in the area
3. Get quotes or matching coverage levels from the top three companies that you like most either online or with an agent
4. Choose your carrier based on things like customer reviews, premiums and claims processes, coverage options, and discounts
5. Start your policy

Compare Condo Isurance Rates By State