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If you’re looking for a car insurance policy in Connecticut, it’s best to get a cost estimate first. MoneyGeek’s car insurance calculator helps you get a quick idea of the cost of a policy and can also help you calculate how much car insurance you need in Connecticut.
MoneyGeek also analyzed how car insurance premiums are calculated in Connecticut to help you understand the factors that determine the cost of a policy.
Connecticut Car Insurance Calculator: How it Gets You an Instant, Free Estimate
Getting a car insurance quote in Connecticut takes around 10–15 minutes and requires you to enter a variety of personal information. Our car insurance calculator can help you get an idea of the monthly or yearly car insurance cost based on your age, driving record, vehicle type and coverage levels.
In Connecticut, the biggest factors affecting your car insurance costs are adding a teen driver on your policy, the age of the driver and credit scores. However, these factors may change depending on your profile.
While the cheapest option for you depends on different factors, you can get a close estimate using MoneyGeek’s car insurance calculator. In Connecticut, GEICO offers the most affordable widely available policy for our default driver at an average annual cost of $478.
However, the cost of a policy shouldn’t be the only factor in your consideration. You should also look at service quality and coverage offerings before choosing a company.
If you’re looking for the cheapest car insurance in Connecticut, you can use MoneyGeek’s car insurance calculator to get estimates or browse our collection of sample drivers.
MoneyGeek analyzed the average cost of car insurance in Connecticut to help you get a better idea of expenses in your state compared to others.
For drivers who want the best policy and aren’t solely concerned about the cost, MoneyGeek scored the best car insurance companies in Connecticut that balance affordability and service quality.
How Car Insurance Premiums are Calculated in Connecticut
Car insurance companies in Connecticut consider a variety of factors before calculating your car insurance premiums. MoneyGeek found out that adding a teen driver to your policy, the age of the driver and credit scores matter the most in determining your car insurance premium.
Our research shows that adding a teen driver to your policy increases car insurance costs by roughly 3.1x in Connecticut.
How Much Adding a Teen Driver Matters in Calculating Car Insurance in Connecticut
Since teenagers are more likely to get into an accident, insurance companies consider them riskier to insure and charge higher rates for adding a teen driver to your policy. MoneyGeek found out that this can multiply your rates by 3.1x.
How Much Age of the Driver Matters in Calculating Car Insurance in Connecticut
Younger drivers are less experienced than older adults and are more likely to cause an accident — thus they are considered risky by insurance providers. If you’re insuring a young driver, you may have to pay about 2.4x more for a policy.
How Much Credit Scores Matters in Calculating Car Insurance in Connecticut
Credit score plays an important role in determining your Connecticut car insurance rates. Since individuals with low credit scores are more likely to file claims and fall behind on payments, insurers consider them riskier to insure.
MoneyGeek’s research shows that with a poor credit score, you would have to pay around 2x more for a car insurance policy.
How Much Car Model Matters in Calculating Car Insurance in Connecticut
If you own a car that is prone to theft, more likely to inflict damage in case of an accident or expensive to repair, you will have to pay higher rates for car insurance. MoneyGeek’s research shows that if you have an expensive car model, it can multiply your car insurance rates by 2x in Connecticut.
How Much Driving Record Matters in Calculating Car Insurance in Connecticut
If you have a speeding ticket, DUI or at-fault accident on your record, it shows that you often engage in reckless driving, which is why insurers charge higher rates for drivers with bad records.
With a bad driving record, you would have to pay about 2x more for a Connecticut car insurance policy.
How to Calculate How Much Car Insurance You Need in Connecticut
The extent of your coverage significantly affects the cost of a car insurance policy. That’s why it’s best to calculate how much coverage you need to find the right balance. In Connecticut, you are required to have bodily injury liability, property damage liability and uninsured/underinsured motorist insurance.
However, you should also consider adding comprehensive and collision insurance to your policy to be fully covered in case of an accident.
Understand Connecticut car insurance requirements
If you want to figure out how much coverage you need in Connecticut, it’s best to look up Connecticut minimum car insurance requirements. With a state-minimum policy, you will only be protected for $25,000 of bodily injury liability per person, up to a total of $50,000 per accident.
In addition, you will receive coverage for $25,000 of property damage liability per accident and $25,000 of uninsured/underinsured motorist coverage per person, up to $50,000 per accident. You are not required to buy comprehensive and collision insurance in the state.
Consider Purchasing Additional Liability Insurance
Drivers who want to be fully covered in case of an accident may need to buy additional liability insurance. In Connecticut, if a policy with $300,000 in bodily injury liability per accident hypothetically costs an average of $1,066 per year, it would cost an average of $833 per year to buy minimum liability insurance.
Decide whether or not to buy comprehensive and collision insurance
While Connecticut law does not require a policy that includes comprehensive and collision coverage, you should decide if you need a full coverage policy. If you’re leasing or financing a car, the lender may require it.
MoneyGeek found out that the average cost of adding comprehensive and collision coverage in the state is $348 per year. However, if your car is only worth a few thousand dollars, it may not be worth the extra money for a full coverage policy.
Consider buying additional protection besides these core coverages
Connecticut requires all drivers to carry uninsured/underinsured motorist coverage. In Connecticut, about 6.3% of drivers are uninsured, the eighth-lowest rate in the nation. With uninsured/underinsured motorist coverage, you’ll have protection against the cost of damages if you get into an accident with such drivers.
Connecticut law does not require you to buy PIP/medical payments coverage. However, having medical payments coverage ensures you are protected against the cost of medical expenses in case of a crash.
Frequently Asked Questions About How Car Insurance is Calculated in Connecticut
MoneyGeek researched the following frequently asked questions about how to calculate insurance premiums in Connecticut to help you make a better decision.
MoneyGeek partnered with Quadrant Data Services to get car insurance quotes from across Connecticut. Our data science team analyzed how personal factors impacted cost and incorporated our findings into our calculator to provide users with an accurate estimate of their expected yearly auto insurance costs. Read more about our methodology here.
About Mark Fitzpatrick