Connecticut Homeowners’ Insurance Costs Are Mid-Range — But Rising Wind Damage Claims Could Change Everything

Connecticut homeowners face insurance costs that sit in the middle of the national spectrum—higher than some neighboring New England states but far below the soaring premiums seen in climate-vulnerable regions like Florida and Texas.

New data from the U.S. Census Bureau and the Realtor.com® 2025 Climate Risk Report highlights how Connecticut compares locally and nationally.

Connecticut’s Insurance Costs in Context

The latest American Community Survey (ACS) data from the U.S. Census Bureau shows that in 2024, Connecticut homeowners with a mortgage typically pay $1,500–$1,999 annually for homeowners insurance, while those without a mortgage average $1,000–$1,499. Statewide overall costs also fall in the $1,500–$1,999 range.

Connecticut has 970,236 insured homeowner households in total—609,939 with a mortgage and 360,297 without. Among mortgaged owners, 56,142 pay less than $100 annually and 70,183 pay $4,000 or more. Among those without a mortgage, 54,873 pay less than $100 and 33,387 pay $4,000 or more.

When compared with nearby states, Connecticut trends toward the higher side. Massachusetts homeowners with a mortgage typically pay $1,500–$1,999, while those in Rhode Island fall into the same range. By contrast, New York homeowners average $1,000–$1,499, and New Hampshire sits at $1,000–$1,499 as well.

Maine is lower still, with mortgaged owners paying just $1,000–$1,499 and non-mortgaged paying $800–$999. This places Connecticut toward the top of New England, though far from the extremes seen in Gulf Coast states.

Climate Risks and Insurance Burdens

The Realtor.com 2025 Climate Risk Report underscores how climate risk correlates with affordability. Southern coastal metros dominate the rankings of highest insurance burdens: Miami homeowners face average premiums of $22,718 annually, representing 3.7% of home value, while Cape Coral and Tampa also rank among the nation’s most expensive.

By contrast, Connecticut does not appear on the lists of metros with the heaviest insurance burdens, severe flood exposure, or widespread hurricane wind risk.

While storms and flooding along the coast can impact parts of the state, these risks are less concentrated than in Florida or Louisiana.

Still, Connecticut homeowners insurance rates rose 13.5% in 2024, according to Connecticut Insurance Department data published earlier this year and reviewed by local outlet, CT Insider.

"Wind, which frequently damages roofs, and resulting water damage, are the main loss drivers in Connecticut," wrote analysts with the Connecticut state comptroller's office in a review last month citing Insurance Department numbers. "If premiums get too high for homeowners to afford, they are likely to reduce coverage, making them more exposed should a disaster or loss occur."

A National Affordability Challenge

Connecticut’s moderate position still fits within a broader national trend of rising premiums. The Realtor.com 2025 Insurance Affordability Report found that 75% of Americans believe homeowners insurance could soon become unaffordable, and nearly half have already faced challenges renewing or obtaining coverage.

The financial strain is already reshaping behavior. Nearly 30% of buyers said they had completely changed the geographic area they were searching in due to insurance concerns, and another quarter reported adjusting their strategies entirely. Even more striking, 58% of homeowners nationwide said they would consider dropping coverage altogether if premiums became too expensive, with younger generations the most likely to take that risk.

For Connecticut homeowners, the middle-of-the-road averages provide some cushion compared to the hardest-hit regions. But as national affordability pressures intensify, even states with moderate costs may not remain immune to higher premiums over time.

This article was produced with editorial input from Dina Sartore-Bodo, Gabriella Iannetta, and Allaire Conte.