In 2009, Connecticut residents averaged $2,100 on car insurance, despite the national average being $1,700. The good news is that individual states do not fix their insurance rates, so Connecticut drivers can get their premiums lowered. The first step in doing this is to know what is required by the state. These are the state minimums on car insurance in Connecticut.
Connecticut follows a Tort system that requires one party in an accident to be considered “at fault.” The at-fault party is responsible for the costs of damages caused by their vehicle in the accident. Therefore, Connecticut drivers are required to carry acceptable vehicle liability insurance. This coverage assures that you will be able to cover the costs of damages you are responsible for in the event of an accident.
In Connecticut, you must have bodily injury and property damage liability from a licensed provider. For compliance, your policy must include $20,000 bodily injury per person, $40,000 bodily injury per accident, and $10,000 property damage (20/40/10 coverage). Additionally, Connecticut drivers are required to carry a minimal $20,000 uninsured/underinsured motorist per person and $40,000 per accident (20/40 UM limits) to protect against damages caused to you and your passengers by an uninsured driver. These amounts will satisfy your legal requirements, but you may choose more.
In addition to the state’s requirements, you may also need to comply with any requirements set by your lender if your vehicle is financed. These requirements are often included in your purchasing papers, or you may call your lender directly to confirm that you are in compliance.
Once you have covered all of your obligations, you may consider other types of coverage. Depending on the value and age of your vehicle, you may want to purchase comprehensive and or collision coverage as well.
One way to decrease your premium without altering your coverage is by raising your deductibles. This is an easy way to lower your payments, providing that you keep some money aside just in case you need to make a claim. Never choose a deductible higher than you are comfortable with.
Also keep in mind that many companies offer various discounted rates, too. You may qualify for discounts based on devices installed in your vehicle, the type of payment method you choose, or even more. Always keep an eye out for money-saving discounts when shopping for car insurance.
