Auto insurance rates in Connecticut are relatively high; in 2011 annual rates are $1,773, compared to a national average of $1440.
Annual Changes
Between the beginning of 2010 and the beginning of 2011, the average annual premium in Connecticut was reduced by 12%. This follows a 6% reduction in premiums between 2009 and 2010. It is not possible to know whether this downward trend will continue; monitoring rates and obtaining frequent quotes through this site is the best way for drivers to ensure that they are paying the lowest possible rates for auto insurance in Connecticut. The state does not fix or control auto insurance rates in Connecticut – rates are set and decided by the insurers themselves.
Seasonal Changes
In 2010, rates remained at roughly the same level until a sharp drop took place in September. This reduction basically set the new rate for the rest of the year, and that rate level remains in effect as of January 2011. It is not certain whether there will be a similar plunge in rates at any time during any subsequent years, so that shopping around after obtaining periodic multiple quotes is always recommended.
Insurance Requirements
The minimum insurance requirements in Connecticut include personal liability coverage of $20,000 per person and a $40,000 limit per accident, and the minimum property damage liability coverage is only $10,000. There is also a mandatory uninsured and underinsured motorist coverage requirement with a limit of $20,000 per person and $40,000 per accident. Under the tort system in Connecticut, one party is judged responsible for all damages that result from an accident so that higher coverage limits are highly recommended to preserve assets in the event of a lawsuit.
Advice for Getting the Best Deals
Both regional and national insurance companies provide auto insurance coverage in Connecticut. Since each company sets its own rates as it sees fit, not all drivers will find that the same company offers the lowest prices for their situation. Obtaining multiple quotes from reliable insurance companies that are rated A or higher by A. M. Best is highly recommended, and the J. D. Power consumer satisfaction ratings for each company should also be considered.
The easiest way to get the lowest rates for car insurance in Connecticut is by obtaining multiple quotes and monitoring prices through this site at regular intervals.
