Like drivers in other states, Connecticut drivers are legally required by law to have car insurance. Car insurance will help protect your finances in the event of an accident. Your financial planning should include auto insurance. On average, drivers in Connecticut pay $1,845 per year for full coverage insurance and $794 per year for minimum coverage. In 2015, Connecticut registered more than 2.8 million vehicles and had 2,608,061 drivers licensed in 2019.
Car insurance in Connecticut is more expensive on average than it is nationally, and many drivers likely want to find the most affordable car insurance possible without sacrificing coverage. Bankrate has analyzed the average premiums for the top 25 car insurance carriers by market share to determine which sells the cheapest car insurance in Connecticut.
Connecticut has the cheapest car insurance
Nationally, drivers pay $1.674 per year for full coverage and $565 for minimum coverage. This is lower than Connecticut drivers.
Based on data from Quadrant Information Service, Bankrate’s editorial staff determined that these five companies offer affordable car insurance in Connecticut. They also provide good customer service, coverage options, and financial stability. AM Best and Power. As you search for car insurance coverage, you may want to request quotes from these companies.
Geico is Connecticut’s cheapest car insurance company, offering both full and minimum coverage. Geico has a wide range of discounts that will help policyholders save more, in addition to its low premiums. Geico could be a good option if you’re looking for mobile tools. The mobile app has received over 2.7million reviews from App Store users and has a rating 4.8 outof 5.0.
Geico received a high score on the 2021 J.D. Power auto insurance study in the New England region, scoring 841 out of 1,000. According to the National Association of Insurance Commissioners, Geico has also had fewer complaints about its personal auto product than average. A score of 1.00 means that there are fewer complaints than the industry average. Geico’s auto insurance product earned a score of 0.64, meaning that it received fewer complaints than the baseline.
Amica, a Rhode Island-based carrier, offers coverage in Connecticut. One of the most unique features of Amica is its optional dividend policies. You can get as much as 20% back every year if you choose this policy type from Amica. Amica was also named the best in New England in the 2021 J.D. Study of power.
Amica offers discounts, even though its premiums are lower than Connecticut’s. There are many discounts that Amica offers, including being a homeowner, a loyal customer and taking a driver training class, being a good student, a student away from school, or having an Amica parent.
Not all drivers are eligible for coverage with USAA; the company only provides insurance to past and present military members and select family members. USAA is a good choice for insurance if you’re eligible. USAA is technically not eligible for ranking because of their eligibility restrictions. However, J.D. consistently gives USAA high marks. Power
USAA offers many types of insurance including auto, home and life, as well as umbrella coverage. Bundling multiple policies with USAA can earn you a discount. A safe driver, driving on military bases and having low annual mileage can all earn you discounts.
State Farm, which has just over 9% market share, is the largest auto insurer in the country. State Farm’s full coverage premium is the most expensive on our list. However, there are many discounts available that can help lower your premium. Drivers can be rewarded for their good driving habits by two programs: Steer Clear for teens and Drive Safe & Save.
State Farm scored above-average in 2020 J.D. The 2020 J.D. Power Auto Claims Satisfaction Study showed that policyholders are satisfied with the claims service. The personal auto product also earned a lower-than-average complaint index scoring from the NAIC, with a score of 0.69.
All over the country
Nationwide has been around for almost 100 years. Nationwide’s auto insurance has lower than average premiums for Connecticut drivers and offers a variety of coverage options. You can choose from standard coverages for auto insurance, or you can customize your policy with options such as gap insurance, vanishing deductible and accident forgiveness.
Nationwide offers a variety of discounts. SmartRide and SmartMiles are two of Nationwide’s telematics programs. These programs can help you save money on insurance because they will charge you a personalized rate based upon your driving habits and how far you drive.
Connecticut drivers need minimum coverage
Connecticut has a law requiring car insurance. The state minimum required coverage is 25/50/25, which means that you must carry at least the following levels of coverage to drive legally:
- $25,000 per person for bodily injury
- $50k bodily injury per accident
- $25,000 for property damage
- $25,000 per person for bodily injury uninsured/underinsured motorist coverage
- $50,000 per accident bodily injury uninsured/underinsured motorist coverage
While minimum coverage might mean you pay the lowest premiums but could put you at risk of having to pay out-of-pocket expenses if you cause an injury or damage beyond your coverage limits. Insurance professionals generally recommend that you purchase higher liability limits if possible.
Also, minimum coverage doesn’t cover damage to your car. You will need comprehensive coverage as well as collision coverage to get that coverage. This is also called full coverage. You will need to have full coverage if you have a car loan or lease.
How to Get Cheap Car Insurance in Connecticut
There are many ways to save money. These are just a few of the other options you have:
- Compare providers: Take the time to research and compare providers to find companies that offer what you need in terms of price and coverage.
- Discounts are available from most car insurance companies. This can help lower your premium. You should look for insurance companies that offer multiple discounts, and contact an agent to inquire about unadvertised discount.
- Increase your credit score: In some states, your car insurance rate can be affected by your credit score. The general rule is that the better your credit score, generally speaking, the higher your premium. Your credit score can be improved to save money on car insurance.
- Increase your deductible. Your deductible is what you pay out-of-pocket before your insurance company starts to pay for any damage to your vehicle. You can save money by increasing your deductible if you have full coverage. If you have to file a claim, make sure that you are able to afford the higher out-of pocket cost.
- Bundle your policies. If you have homeowners, condo owners, or renters insurance, you might consider buying your auto insurance through the same provider. Multi-policy discounts can be very useful and save you a lot of money.
Every company offers different discounts so it is important to speak to your agent to find savings opportunities.
Questions frequently asked
Which Connecticut insurance policy is best?
Although most major insurance companies offer policies in Connecticut, the needs of every customer may differ. The best car insurance in Connecticut depends on individual needs, budget, driving record and ZIP code, and the provider that suits for one person may not suit another. The best way to get the best Connecticut car insurance deal is to compare quotes from different companies and then compare the prices.
What is the average cost for car insurance in the United States?
The average cost of car insurance in the United States is $1,674 per year for a full coverage policy and $565 per year for a minimum coverage policy. The average cost of full coverage in Connecticut is $1874 per year, while $794 is for minimum coverage.
What information is required to obtain a quote for car insurance?
You will need to give personal information in order to get a quote for car insurance. This could include your name, birth date, address, and possibly your social security number. You may also need to provide information about your car, such as the VIN, make, year, and model. Each carrier is different so you might be asked for more information depending on which company you are receiving a quote.
What are the penalties for driving without insurance in Connecticut?
Driving without insurance is a Class C misdemeanor in Connecticut. Penalties include fines up to $500, imprisonment for up to 3 months, or both.