Cheapest Car Insurance for Low-Income Drivers in Connecticut (October 2024)


Updated: October 4, 2024

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Connecticut's cheapest car insurance for individual drivers with low-income and poor credit history is GEICO at $56 per month. For families with low-income, the most affordable provider is GEICO at $54 per month.

Connecticut does not offer state-backed car insurance programs for low-income individuals or families. Finding the provider with the most affordable rate is one option to manage the cost. There are also ways to get discounts to help alleviate the cost of car insurance.

While minimum coverage will help you drive legally, it has downsides. For example, in an at-fault accident, minimum coverage may not cover all damages, leaving you financially vulnerable.

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Cheapest for Individuals With Low Income

GEICO is the cheapest car insurance provider for individual drivers with low-income and poor credit history in Connecticut with an average minimum coverage premium of $56 per month or $672 per year.

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Cheapest for Families With Low Income

GEICO is the cheapest car insurance provider for families with low-income in Connecticut with an average minimum coverage premium of $54 per month or $653 per year.

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Cheapest for Senior Drivers With Low Income

GEICO is the cheapest car insurance provider for seniors with low-income and poor credit score in Connecticut with an average minimum coverage premium of $57 per month or $687 per year.

Why Trust MoneyGeek? We analyzed thousands of data points and quotes from Quadrant Information Services and the Connecticut Department of Insurance to get the cheapest average costs for low-income drivers of Connecticut.

29,556Quotes Analyzed
 
9Companies Compared
 
47ZIP Codes

Does Connecticut Offer Low-Income Insurance?

Car insurance companies in Connecticut do not consider income when calculating your car insurance rates. Instead, they look at factors like age, driving record, credit history, and the type of car you drive. At-fault accidents and moving violations will also increase your rates. Comparing quotes from several insurance companies is the best way to find the cheapest rates.

If your budget is tight, a basic minimum coverage policy is often the cheapest way to stay legal on the road. For drivers who rarely drive, pay-per-mile insurance can be the best option to save money. MoneyGeek rounded up the cheapest insurers for low-income drivers in Connecticut to help you save.

Minimum Car Insurance Requirements in Connecticut

To legally operate a vehicle in Connecticut, you're obliged to carry car insurance that satisfies the state's minimum car insurance requirements. This includes the following liability coverage levels:

  • $25,000 for bodily injury liability per person
  • $50,000 for bodily injury liability per accident
  • $25,000 for property damage liability per accident
  • $25,000 uninsured motorist bodily injury per person
  • $50,000 uninsured motorist bodily injury per accident

When financial constraints are a concern, opting for a liability-only car insurance may suffice. This policy covers expenses for the other driver if you're at fault in an accident but doesn't include your own vehicle's damages. For broader protection, including your vehicle, consider a full coverage car insurance policy. It encompasses both collision and comprehensive coverages, safeguarding against a range of incidents, from accidents to theft and natural disasters.

In Connecticut, where weather-related damages like those from winter storms can be common, full coverage is advisable. It offers peace of mind against the unpredictable, ensuring you're not just legal on the road, but also financially protected. Assessing the risks and benefits of different coverages is crucial to finding the plan that's right for you.

Cheapest Car Insurance for Individuals With Low Income in Connecticut

Credit history plays a crucial role for drivers with low income, affecting car insurance premiums in Connecticut. A poor credit record can signal higher risk to insurers, leading to increased premiums. This makes it essential for drivers to maintain a good credit-based insurance score to secure affordable rates.

The cheapest car insurance companies for drivers with low-income and poor credit record in Connecticut are:

  • GEICO: $672 per year, $56 per month
  • Kemper: $849 per year, $71 per month

Drivers with good insurance credit, you can get the cheapest car insurance in Connecticut from:

  • GEICO: $435 per year, $36 per month
  • Kemper: $606 per year, $50 per month

Securing state minimum coverage is vital, as driving without a car insurance policy is illegal. In Connecticut, this misdemeanor can result in suspension of your driver’s license, vehicle registration, and fines ranging from $175 to $1,000, among other penalties.

Data filtered by:Results filtered by:
Credit Score:
Credit Score:Poor
GEICOAnnual Premium$672Monthly Premium$56
KemperAnnual Premium$849Monthly Premium$71
ProgressiveAnnual Premium$1,060Monthly Premium$88
NationwideAnnual Premium$1,125Monthly Premium$94
State FarmAnnual Premium$1,455Monthly Premium$121
Amica MutualAnnual Premium$1,558Monthly Premium$130
AllstateAnnual Premium$1,626Monthly Premium$136
HanoverAnnual Premium$187,998Monthly Premium$15,666
Compare Auto Insurance Rates

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

Cheapest Car Insurance for Families With Low Income in Connecticut

Car insurance premiums are influenced by various factors, but not directly by income. In Connecticut, for example, a single parent with a teen faces higher rates, with an annual difference of $1,223 compared to married couples with a teen, who can secure coverage at a more wallet-friendly rate, saving $1,223 annually.

The cheapest car insurance companies for a married couple with a teen in the Constitution State are:

  • GEICO: $653 per year; $54 per month
  • Kemper: $955 per year; $80 per month

For a single parent with a teen, the most budget-friendly options are:

  • GEICO: $1,876 per year; $156 per month
  • State Farm: $1,945 per year; $162 per month

The stark contrast in rates between family types is a reflection of risk assessment by insurers. Single parents may be seen as having a higher risk profile, which nudges premiums up. Keeping a strong credit score can be a lifeline to more affordable car insurance, so it pays to manage your finances well.

Data filtered by:Results filtered by:
Family Type:
Family Type:Married Couple with Teen
GEICOAnnual Premium$653Monthly Premium$54
KemperAnnual Premium$955Monthly Premium$80
NationwideAnnual Premium$1,052Monthly Premium$88
State FarmAnnual Premium$1,327Monthly Premium$111
AllstateAnnual Premium$1,402Monthly Premium$117
ProgressiveAnnual Premium$1,419Monthly Premium$118

Cheapest Car Insurance for Seniors With Low Income in Connecticut

Car insurance premiums generally decrease as you reach the early senior years, typically around ages 55 to 65, especially with a clean driving record.

The two cheapest car insurance for senior drivers with low income and poor credit history are:

  • GEICO: $57 per month, $687 per year
  • Kemper: $73 per month, $882 per year

After age 70, car insurance rates typically increase, as older drivers are statistically considered higher risk. This trend continues each year, meaning premiums generally rise as seniors age. In Connecticut, specific laws or guidelines may apply to seniors getting car insurance.

Data filtered by:Results filtered by:
Credit Score:
Credit Score:Poor
GEICOAnnual Premium$687Monthly Premium$57
KemperAnnual Premium$882Monthly Premium$73
ProgressiveAnnual Premium$1,076Monthly Premium$90
NationwideAnnual Premium$1,079Monthly Premium$90
State FarmAnnual Premium$1,376Monthly Premium$115
Amica MutualAnnual Premium$1,532Monthly Premium$128
AllstateAnnual Premium$1,594Monthly Premium$133
HanoverAnnual Premium$237,368Monthly Premium$19,781
Compare Auto Insurance Rates

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

What Factors Affect Car Insurance Rates in Connecticut?

Income itself doesn't directly affect car insurance rates in Connecticut. However, low income can lead to a poor credit record, which can result in higher rates. On the flip side, good credit can help you get lower rates. Understanding the factors that contribute to car insurance rates can help you make informed decisions in choosing the best car insurance for you.

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    Driving record

    A clean driving history with no at-fault accidents or moving violations usually results in lower rates.

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    Age and gender

    Younger drivers, especially males, typically pay more due to higher risk than more experienced drivers.

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    Credit history

    Your credit history can affect your rates, with lower insurance scores often leading to higher premiums.

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    Location

    Where you live plays a role, with urban areas often having higher rates than rural areas due to more congested roadways, higher accident rates and incidents of vehicle theft and vandalism.

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    Vehicle type

    The make, model and year of your car impact insurance costs. Sportier or more expensive cars generally cost more to insure.

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    Coverage levels

    The higher your level of coverage, the higher your premiums.

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    Insurance company

    Different insurers have different underwriting methodologies and discounts, so it's important to compare quotes.

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    Claims history

    A history of filing claims can lead to higher rates. If you can afford to pay for your own repairs, it might behoove you not to file a claim.

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    Extreme weather events

    Texas is prone to severe weather events like hailstorms, tornadoes, hurricanes and ice storms, which can increase insurance claims and, in turn, rates.

How to Save on Car Insurance in Connecticut

You don't need a state-sponsored program to cut costs — finding affordable car insurance in Connecticut is possible with the right strategies. Here are some tips to lower your premiums:

1
Choose minimum coverage

Opting for a state-mandated minimum coverage can help you save on insurance costs while meeting legal requirements to drive. This ensures you’re covered according to Connecticut's laws without additional, often pricey, add-ons.

2
Comparison shop

Get quotes from multiple insurers to compare rates and potential discounts. Sometimes, shopping locally might result in the lowest rates in Connecticut, giving you the best deal available.

3
Look for discounts

Many insurance companies offer discounts for being a good student, having a safe driving record, being a military member, or bundling policies. These can significantly reduce your insurance costs in Connecticut.

4
Increase your deductible

Opting for a higher car insurance deductible can lower your monthly premium significantly. Make sure you can cover this amount out of pocket in case of an accident.

5
Consider pay-per-mile insurance

If available in Connecticut, pay-per-mile insurance is a good option for low-mileage drivers. You pay a base rate plus a per-mile fee, ensuring you only pay for the miles you drive.

6
Bundle your policies

If you have other insurance needs, bundling them with your auto policy often leads to discounts. The best home and auto bundles can save you around $496 each year.

7
Drive a cheaper car

The make, model, and year of your car significantly impact insurance costs. Driving one of the cheapest cars to insure can save you hundreds of dollars annually.

FAQ: Low-Income Car Insurance in Connecticut

Finding affordable car insurance in Connecticut can be tough for drivers with low incomes. Here are answers to some of your most common questions on how to save.

Does Connecticut have a state-backed low-income car insurance program?
How can low-income families get affordable car insurance in Connecticut?
Does your income affect the cost of car insurance in Connecticut?
What are the benefits of usage-based telematics programs for drivers with low-income in Connecticut?

About Mark Fitzpatrick


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Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.