Maintaining a stellar driving record is essential to finding an affordable car insurance rate in Connecticut. Accidents, speeding tickets or DUI convictions will increase premiums because insurers will consider you a high-risk driver; but with some hard work drivers can lower risk and decrease payments accordingly. Shopping around and comparing quotes can help lower rates dramatically, as each provider utilizes unique rating factors and discounts when calculating premiums – giving you more chance of finding low cost coverage than otherwise available to you!
Factors that influence Connecticut car insurance costs include your age, gender and credit score. Furthermore, insurers consider your location when setting premiums, which can differ widely based on city to city within the state. Some companies even offer different rates depending on how safe and reliable a vehicle is. Likewise, Connecticut requires drivers to carry minimum levels of coverage such as bodily injury liability insurance, property damage liability coverage and uninsured/underinsured motorist protection policies – plus coverage for medical costs related to any accidents they are found responsible for.
Your type of vehicle can also have a major effect on the cost of Connecticut car insurance, especially if it is expensive or considered high risk due to theft or inability to withstand collisions. Affluent people and residents in states with higher overall living costs and income levels tend to own such cars more frequently and therefore pay higher premiums.
Though some states have banned this practice, most insurers still consider drivers’ credit histories when setting rates. Data has revealed an association between poor credit and an increased propensity to file claims; as such, insurers raise prices accordingly for drivers with bad credit histories compared to those with excellent ones; Connecticut drivers with poor credit typically pay an average annual surcharge of around $1323 more compared to their counterparts who enjoy excellent ratings.
Young drivers pose the greatest risks to insurance companies due to their inexperience and statistically higher crash rates, yet can save money by remaining on their parents’ full coverage policies – this typically saves 18-year olds an average of 54 percent in Connecticut alone! Travelers, GEICO and Allied offer competitive average rates while State Farm has the best deals for those with at fault accidents – further savings may be obtained by bundling policies together, paying their premium in full each month and attending driver safety courses.