Cheap Connecticut Low-Income Car Insurance for Families and Individuals

Connecticut does not have a low-income driver assistance program for car insurance. MoneyGeek ranked the state's most affordable car insurance companies to help low-income drivers save money. GEICO offers the cheapest car insurance for low-income families and individuals in Connecticut.

REVIEW AUTO INSURANCE RATES

Insurance Rates

Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.

widget-location-pin
Advertising & Editorial Disclosure
Last Updated: 11/21/2022
Written By     |  

In Connecticut or any other state, your income level is not used to calculate car insurance rates. Adding a teen to your policy, your age and your credit score have the most impact on Connecticut auto insurance rates. MoneyGeek calculated the cost of low-income car insurance in Connecticut for individuals and families depending on their credit scores.

Is There Car Insurance for Low-Income Families and Individuals in Connecticut?

There is no government car insurance program in Connecticut that assists low-income families and individuals with car insurance. Insurance is required in all states. However, uninsured drivers may avoid it due to high costs. In Connecticut, 6.3% of drivers are uninsured.

For low-income car insurance in Connecticut, a traditional minimum coverage policy is your best bet. Pay-per-mile insurance could also be an affordable option for low-income drivers in Connecticut who drive infrequently.

tip icon

Does Connecticut Have a Government Program to Support Low-Income Drivers with Insurance?

For Connecticut's low-income drivers, there is no government assistance program. Shopping around and comparing quotes from several insurance providers is the best method to find low-cost auto insurance in the state. MoneyGeek researched the cheapest auto insurance companies in Connecticut for low-income families trying to save money on car insurance.

The Cheapest Connecticut Car Insurance Companies for Low-Income Drivers

In Connecticut, your income isn't factored in when calculating car insurance premiums, but your age and credit score are.

A minimum coverage policy is the cheapest car insurance you can get in Connecticut, but it provides the least amount of protection. According to MoneyGeek, the cheapest car insurance companies for low-income drivers are GEICO, Amica Mutual, State Farm and Allstate, based on credit scores. MoneyGeek also rated the cheapest minimum car insurance for low-income families and individuals of different age groups.

Insurance Rates

Compare Auto Insurance Rates

Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.

widget-location-pin

The Cheapest Connecticut Car Insurance Companies for Low-Income Families

While your income doesn't factor into your auto insurance premiums, your credit score does. Rates in Connecticut differed by $2,009 per year if you have a poor credit score compared to a good credit score for MoneyGeek's sample single parent. For rates for Connecticut couples with a single teen, those with bad credit paid $2,640 more a year than those with good credit.

On average, couples with a teenage child and poor credit scores can get the cheapest quotes from these two companies:

  • GEICO: $3,539 per year
  • Allstate: $5,048 per year

For military families with a teenage child and a low credit score, USAA offers the second-cheapest car insurance rates in the state, at $3,148 per year on average.

For single parents with poor credit scores, the following two companies in Connecticut are the cheapest:

  • GEICO: $2,479 per year
  • Amica Mutual: $3,918 per year

It's worth noting that USAA's policy for a single parent typically costs $2,407 per year and is the cheapest option as long as you are in the military.

Remember that just because someone has low income does not mean they have bad credit. Using the table below, you can find the cheapest car insurance for low-income families in Connecticut.

Sort by family type:

Single parent w/ a kid

Switch by Credit Score:

Good Credit Score

Scroll for more

swipe icon
  • Company
    Annual Rates
  • USAA
    $1,377
  • GEICO
    $1,418
  • Amica Mutual
    $2,242
  • State Farm
    $2,365
  • Travelers
    $2,606
Insurance Rates

Compare Auto Insurance Rates

Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.

widget-location-pin

The Cheapest Connecticut Car Insurance Companies for Low-Income Individuals

Car insurance rates in Connecticut differed by $642 per year for our sample 40-year-old low-income driver with a bad credit score vs. a good credit score.

MoneyGeek found that, on average, the following are the two cheapest car insurance companies for low-income individuals in Connecticut with bad credit:

  • GEICO: $846 per year
  • Amica Mutual: $1,275 per year

USAA is Connecticut's cheapest insurer for individuals with poor credit scores, costing roughly $765 per year. However, USAA policies are only sold to retired and current military personnel and their families.

Having a low income does not usually mean that you have a bad credit score. For drivers with good credit scores, the cheapest companies on average are:

  • GEICO: $484 per year
  • Amica Mutual: $730 per year

Switch by Credit Score:

Good Credit Score

Scroll for more

swipe icon
  • Company
    Annual Rates
  • USAA
    $438
  • GEICO
    $484
  • Amica Mutual
    $730
  • State Farm
    $770
  • Travelers
    $842

The Cheapest Connecticut Car Insurance Companies for Low-Income Students

Car insurance premiums for young student drivers in Connecticut are higher because of their inexperience on the road. While students are low-income drivers, this does not result in higher premiums. However, the cost of car insurance consumes a significant portion of their budget.

Considering poor credit scores, the two cheapest car insurance companies for low-income students in Connecticut are from:

  • GEICO: $2,026 per year
  • Amica Mutual: $3,052 per year

Although USAA's car insurance premiums are the lowest in the state at an average of $1,832 per year, they were excluded from our rankings since they only sell policies to military members.

For low-income students with good credit scores, the following companies offer the best rates on average:

  • GEICO: $1,159 per year
  • Amica Mutual: $1,746 per year

Switch by Credit Score:

Good Credit Score

Scroll for more

swipe icon
  • Company
    Annual Rates
  • USAA
    $1,048
  • GEICO
    $1,159
  • Amica Mutual
    $1,746
  • State Farm
    $1,842
  • Travelers
    $2,015

The Cheapest Connecticut Car Insurance Companies for Low-Income Seniors

Senior drivers tend to pay more for auto insurance. Additionally, seniors in Connecticut with poor credit scores could pay more for auto insurance.

A 70-year-old driver in Connecticut with a bad credit score will pay roughly $724 a year more than one with good credit.

On average, low-income senior drivers with poor credit scores in Connecticut can get the best rates from:

  • GEICO: $1,104 per year
  • State Farm: $1,335 per year

If you are a senior driver with poor credit, USAA's car insurance costs approximately $919 per year. However, USAA is only available to active-duty military personnel.

Low-income senior drivers with good credit scores can get the best rates from:

  • GEICO: $632 per year
  • State Farm: $764 per year

Switch by Credit Score:

Good Credit Score

Scroll for more

swipe icon
  • Company
    Annual Rates
  • USAA
    $526
  • GEICO
    $632
  • State Farm
    $764
  • Amica Mutual
    $922
  • Progressive
    $969

Does Income Affect Car Insurance Rates in Connecticut?

Insurance companies don't generally calculate your car insurance rates based on your income. However, your rates might be affected by factors that are related to your income.

Higher insurance premiums for younger drivers are based on their greater likelihood of getting into an accident. They may also earn less because they are still in their early stages of employment. More claims are made by people with lower incomes since they can't afford to pay for repairs themselves. Drivers with a history of claims pay a higher premium.

MoneyGeek looked into the relationship between factors associated with low income and insurance rates in Connecticut. The following are the three key factors influencing the rates:

  • Adding a teen driver to the policy.
  • Age of the driver.
  • Credit score.

In addition to these factors, your car model and driving record can affect your insurance rates.

  • Factor
    How it Affects Your Rates
  • Adding a Teen Driver

    Adding a teen driver is the biggest factor in Alaska, making rates 3.6x as expensive.

  • Age of Driver

    Age of adult drivers is important too. In Alaska, rates can vary by 2.4x for young drivers versus middle-aged drivers.

  • Coverage Levels

    How much coverage you buy in Alaska matters a lot. Buying a full coverage policy will be 2.4x more expensive than the state minimum.

  • Car Model

    Depending on the model of your car, insurance could be twice as expensive.

  • Credit Score

    A driver with a poor credit score may pay 1.7x more than one with an excellent score.

Frequently Asked Questions About Low-Income Car Insurance in Connecticut

The concept of low-income car insurance can be a little confusing. MoneyGeek addresses the most frequently asked questions concerning Connecticut’s low-income auto insurance.

Methodology

MoneyGeek calculated the cost of car insurance for low-income drivers in Connecticut using quotes sourced in partnership with Quadrant Information Services. The sample driver is either a 40-year-old male, a single 40-year-old parent with a 16-year-old child, an adult couple each 40 years old or a couple with a 16-year-old child. The individual or family drives a 2010 Toyota Camry LE. The driver buys the minimum car insurance required in Connecticut.

Costs for poor and good credit scores were extrapolated based on MoneyGeek’s dataset of credit score rate adjustments by score categorization.

About the Author


expert-profile

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.