The Connecticut Car Insurance Calculator is a tool that estimates the cost of car insurance in Connecticut by comparing quotes from multiple insurance companies. It’s an effective way to get an estimate for what your auto insurance might cost before making a decision and can help find a policy that meets your needs.
State Law and Requirements
Connecticut requires drivers to carry liability auto insurance, which covers injuries or property damage you cause others in an accident. There are also optional coverages available that you can purchase to further safeguard yourself in case of a crash.
Drivers have the option to purchase bodily injury liability, property damage liability and uninsured/underinsured motorist coverage for their policies. Furthermore, collision and comprehensive coverage can be added on as well, paying for repairs or replacements of damaged vehicles.
Rates for Full Coverage Policies in Connecticut
A comprehensive car insurance policy is usually more costly than a liability-only one, but it can be the better option for drivers who want maximum protection. Furthermore, it could even save you money if you drive safely and don’t file any claims since it typically only costs a few dollars more per month to cover higher deductibles.
Credit Scores Matter
MoneyGeek’s research shows that those with lower credit scores pay 69% more for car insurance than those with good ones, due to insurance companies believing they will file more claims and thus charging them more money for coverage.
Younger Drivers Are More Expensive
Younger drivers tend to accumulate traffic violations and be involved in accidents, which will increase their premiums. Furthermore, they have an increased likelihood of driving with a suspended license or having more tickets on their record.
DUIs and Bad Credit
A single DUI conviction can increase a driver’s auto insurance rates up to six times, so it’s essential to do some comparison shopping before purchasing a policy. Some insurers, like Travelers, advertise prices that are half the state average for car insurance with a DUI while others charge significantly more.
Life Events and Vehicles
Insurance companies take into account more than just age and credit when calculating premiums. Things like marital status, home ownership status and driving habits all play a role in how much you pay for insurance.
The perfect Connecticut car insurance calculator helps you estimate the cost of coverage by taking into account various elements. It also outlines the fundamentals of auto insurance in Connecticut so that you can make educated decisions regarding your coverage.
Minimum Coverage in Connecticut
Liability insurance with limits of $100,000 for bodily injury and $300,000 for property damage per person is the minimum level required by law in Connecticut. If this amount does not fully cover damages from an accident, you can purchase additional liability limits or add other optional coverages to your policy.