Auto insurance in Connecticut is necessary for every driver in Connecticut, and auto insurance companies know this. That’s why the auto insurance industry is highly competitive with auto insurers vying for your business. But how can you find the best deal on auto coverage? You should start by comparing rates from different providers. This blog post will give you an overview of some of the most popular auto insurance companies in Connecticut so that you can compare them side-by-side and choose which one suits your needs best!
Cheapest Minimum Liability Car Insurance Companies and Quotes in Connecticut
Connecticut drivers must have at least the state’s minimum liability car insurance. This policy covers the other driver’s costs if you’re at fault in an accident but does not cover your own expenses. The average cost of minimum coverage car insurance in Connecticut is:
MetLife is the most expensive company for minimum coverage, costing $1,679 annually.
Average Cost For Liability Coverage
Prices for auto insurance depend on the type of coverage and the insurer you choose. The figures in this table represent average prices, but it is important to note that they are only a reference. These rates represent an estimated average of the cost of car insurance for CT, and should not be used to assess the number of policy prices.
AutoInsurenceIT EXPERT TIP
If you want to save money in the long run, a minimum coverage policy may be for you. This type of insurance provides bodily injury and property damage liability along with uninsured/underinsured motorist protection but does not cover damages on your vehicle or provide higher protection against high liability costs. If this interests you, don’t hesitate because it’s available across Connecticut at affordable rates!
Cheapest Coverage Auto Insurance in Connecticut
You should get quotes from several providers to find the most affordable rates. The type of coverage you select will impact your premiums; a full-coverage plan with higher liability limits and comprehensive and collision insurance is more costly than minimum coverage but it shields you against the cost of damages to your car and not just other cars. The cheapest car insurance companies in Connecticut are:
- USAA: $847 per year
- GEICO: $925 per year
MetLife is Connecticut’s most expensive car insurance carrier for full coverage, costing $2,295 annually.
Average Comprehensive And Collision Rates In Connecticut
When you find out the average rate for car insurance in Connecticut by getting personalized quotes, it’s important to remember that individual premiums can be much different. You could save yourself $100,000 in personal injury liability coverage per person and up to $300,000 per accident, on top of property damage of up to $100,000.
Best Auto Insurance Companies in Connecticut for 2021
AutoInsuranceIT’s study found that the best car insurance companies in Connecticut are:
- Best Overall: USAA
- Runner-up: State Farm
These rankings are based largely on customer satisfaction, financial strength, and other factors like affordability. Insneed gave equal weight to AM Best’s financial strength ratings and J.D. Power’s U.S. Auto Insurance Study, both considered industry standards for rating and reviewing insurance companies, in its MoneyGeek Rating of 100 out of 100 possible points—i.e., customer service, efficiency, and other factors like premium.
List of the Largest Insurance Companies in Connecticut
Two of Connecticut’s most popular insurance companies are GEICO (18.7%) and Progressive (10.2%). The third is Allstate at 9.9%. A large and established provider offers more security to consumers, as it is likely financially sound and can reimburse legitimate claims without trouble. Factors like location, age, and driving history can impact insurance premiums. When you compare car insurance costs from some of the most popular companies in Connecticut, you could save up to $1,448.
How to Compare Cheap Connecticut Car Insurance Quotes Online
One way to get prices for car insurance is to go online and submit a quote. Getting a rate from two or more companies can lead to finding an affordable insurance plan for you in Connecticut. Compare quotes so that you’re not overpaying regarding coverage limits, said Jennifer Kumar, principal analyst with Insurance Auto Auction. Connecticut’s three cheapest liability insurance companies for 2016 are USAA, GEICO, and Amica Mutual. You can compare their rates to find the right plan for your needs.
What Is the Average Cost of Auto Insurance in Connecticut?
With many unique factors determining auto insurance rates, MoneyGeek calculated the average annual premium for 100/300/100 comprehensive and collision insurance on behalf of a 40-year-old male driver with an otherwise clean record who drives a Toyota Camry. Your premiums can vary significantly depending on your age, location, coverage level as well as driving record.
- Average Driver: $1,442
- DUI: $2,809
- Poor Credit Score: $2,511
- Seniors: $1,582
- Students: $3,255
Auto Insurance in Connecticut: What You Need to Know
If you have registered a car but plan to abstain from driving it for some time, be sure that you drop all liability insurance. In this way, the automobile is still registered and can legally pass inspection, provided it does not depreciate in value, but while it sits unused your insurance company cannot charge any premiums on your policy. Some drivers may want a car insurance policy but not a workable vehicle (e.g., an old or inoperable car) and therefore, prefer to pay the minimum required premium.
Proof of Insurance in Connecticut
If you’re in an accident or a law enforcement officer asks, Connecticut must show proof of insurance and a current driver’s license.
Minimum Liability Insurance Requirements in Connecticut
In Connecticut, all registered cars must be insured to the following amounts, as set by the Connecticut Department of Insurance:
- For accidents, you need insurance. It costs $25,000 for an accident that hurts one person.
- You can protect yourself by buying insurance. It costs $50,000 to insure you from injury to multiple people in an accident.
- You can get in trouble if you hit somebody’s car or any other property. You will have to pay $25,000.
- In case of an accident, your insurance will cover you for up to $20,000.
Regarding liability coverage, experts recommend choosing a policy with higher limits as the DMV suggests.
Alternatives to Insurance in Connecticut
Drivers in Connecticut may be able to compare rates and save if they opt for a self-insurance plan. Here are the steps:
- Make a financial arrangement that covers the minimum liability necessary.
- Obtain approval from the state insurance commissioner by showing you can pay out claims from a traffic accident.
- If you’re a self-insured driver who causes an accident, the extent of your injuries or damages may define whether your work will be enough to cover yourself and your family.
How Much Coverage Do You Need in Connecticut?
Cheap insurance is not adequate in an auto accident. Experts recommend $100,000/$300,000 worth of liability coverage for injuries to be financially safe. If you own a relatively new vehicle, consider purchasing collision coverage and comprehensive insurance. If you finance your car rather than pay in cash for it upfront, most loans require as part of the agreement that a certain level of both types of auto insurance is carried on the vehicle. Whether you are in an accident or have something unexpected happen to your present auto, auto insurance will help cover the costs.
Some people prefer high-risk drivers to pay more for auto coverage than lower-risk drivers; some companies charge a higher premium because of age or driving record history. Other factors such as where you live and how much time you spend on the road also can influence your auto insurance rates in Connecticut. The best way to find out what Connecticut auto insurers offer is to get quotes from multiple providers at once to know which offers the most competitive rate for your needs.
If you are interested in low-cost car insurance without compromising your protection, it may be wise to purchase uninsured motorist coverage. For example, if a hit-and-run driver or an uninsured driver hits you, this will ensure that your medical bills will not get stuck with the full cost of fixing any injuries.
Conclusion
We hope this blog post has helped you understand Connecticut’s auto insurance industry. Don’t stop there! Make sure to compare rates and providers side-by-side before deciding which company will best suit your needs, so that you can find an affordable policy that provides all the coverage for your vehicle. Good luck & may God bless you!
