If you live in Connecticut, you may be wondering what kind of car insurance costs you can expect. The good news is that a number of factors play into the price of a policy. These factors include the type of coverage you want, your driving record, the age and condition of your vehicle, and where you live. You can also get quotes from different insurers. Whether you’re looking for comprehensive or liability coverage, you can use a Connecticut car insurance calculator to figure out how much you’re likely to spend each month.
The average cost of full coverage in Connecticut is $2,604 per year, according to NerdWallet. For younger drivers, the cheapest car insurance in Connecticut is State Farm’s minimum coverage, which is $555 per year. Comprehensive and collision insurance costs more, but can help you keep your assets protected in the event of an accident.
Minimum auto insurance in Connecticut is the state’s statutory requirement for liability coverage. This type of coverage pays for the injuries and property damage caused by an accident. It is a must-have in Connecticut, as the state’s overall cost of living is higher than many other states. Aside from the legal requirement, this coverage is the cheapest way to meet the state’s statutory insurance requirements.
In addition to the state’s statutory requirement for liability insurance, drivers in Connecticut also need uninsured/underinsured motorist coverage. Uninsured/underinsured motorist protection pays for medical expenses that aren’t covered by your own policy, as well as those incurred by an at-fault driver.
The cost of a full coverage car insurance policy in Connecticut can vary dramatically, depending on the specifics of your situation. One study found that drivers with a bad credit score pay 69% more than those with good credit.
Using the ValChoice car insurance calculator, you can calculate how much it will cost you to purchase a policy that meets the state’s minimum requirements. Typical rates start at $105 a month, but the costs can vary wildly. There are several factors that affect the cost of a policy, so the best way to find a cheap quote is to shop around.
The first rule of thumb is to avoid getting insurance with a low credit score. Insurance companies consider drivers with low credit scores to be riskier, which can result in a higher rate.
To see the best car insurance rates in Connecticut, it’s a good idea to shop around for quotes. Many companies offer discounts for multiple vehicle purchases and anti-theft devices, which can lower your premiums. Another tip is to get a policy that offers collision and comprehensive coverage. That way, you can get the best protection for your assets in the event of an accident.
Adding a teen driver to your policy can increase your cost by 3.1 times. However, a poor driving history will have a more dramatic effect. According to MoneyGeek’s Connecticut car insurance calculator, a bad driver will have a yearly premium that’s almost double the statewide average. Likewise, adding a DUI to your driving record can raise your rates by more than $1,000.