If you’ve done your research into car insurance quotes CT, you know that it is a little pricy when compared to other insurers in the state. In fact, Connecticut has the twelfth most expensive insurance cost in the USA. This doesn’t mean that you have to settle for the higher prices, though. Depending on the insurer you pick and your own personal information, you’re going to see variations in the prices you get as estimates in your insurance quotes.
Who Has The Cheapest Auto Insurance in CT (Connecticut)
On the quest to find the best cheap car insurance in CT, there were many factors involved. The test was done to cater to the average insurance customer. Since it is common for rates to vary from city to city, it was necessary to get a quote with a sample address in each major city in the state. On average, the cost insurance for a typical commuter ranged from $769 to over $3000 a year. Because of this huge variation it is highly recommended that you get multiple car insurance quotes CT before settling for a single insurance company.
The Five Cheapest Car Insurers in CT
Tests were done for two sample commuters based on statistics of the most common demographic – single males of ages 32 and 67 respectively. The quotes received for each commuter or driver showed that there were five CT insurance companies that offer the best cheap auto insurance in CT: GEICO, USAA, State Farm, Nationwide, and Amica Insurance.
The average across the board for these five was nearly 40% cheaper than the average insurance cost for all the insurance companies in the state. Of course, other companies like California Casualty and more were quite affordable too. Remember that some of the cheap auto insurance companies in CT have certain eligibility requirements. For example, you can only insure with USAA if you are related to someone in the military, or have served in it.
Cheapest Cities in CT for Auto Insurance
The auto insurance quotes in CT varied greatly from city to city. Mystic City was one of the cheapest to insure in, being almost half as cheap as insurance in Hartford. Of course, your own rates will be different based on your driving record and other factors. Choosing from these top five companies within the state is a good place to start shopping around for quotes. If you live in Bridgeport, Stratford, or Newhaven, you will have to expect to pay a higher rate for your insurance than people in other CT cities.
Car Insurance in Bridgeport
Bridgeport is one of the most densely populated towns in the entire state, and is one of the most expensive for car insurance because of it. Insurance here can range in the low $2000s per year. Saving money on your car insurance payments in Bridgeport is difficult but possible. Consider insuring with companies like GEICO and Nationwide. GEICO has insurance premiums that average at about 40% less than the average for the city.
Saving on Insurance in New Haven
Once the capital of the state, it is the home of Yale and has insurance rates that are well above the average for car insurance in CT. State Farm and California Casualty are among the cheapest for auto insurance in CT, although you can only insure with Cali Casualty if you meet their eligibility requirements. Expect to pay more than you would be comfortable with when leasing in New Haven, though.
Hartford Insurance Rates
Hartford is fondly called the Insurance Capital of the world. However, it is also one of the most expensive places to insure your car. While the headquarters of the USA’s major insurance companies are located here, the size of the industry in Hartford alone can cause higher than average insurance rates. For the sample drivers described above, the annual average for car insurance in Hartford CT was over $2000.
This doesn’t mean that you can’t save money when insuring in Hartford, of course. The best way to try and save a little is to shop around and get multiple quotes for yourself, then compare your rates to find the best one for you.
Stamford Insurance Costs in CT
Stamford is a celebrity town with many movies and TV shows being filmed here. Famous shows like the Office filmed here too. It is one of the most populous cities in CT, but is actually quite affordable for car insurance. Finding cheap car insurance quotes CT is easy enough in Stamford, where the average cost of insuring a car is about 3% higher than the statewide average.
You can save even more on the insurance rates in Stamford if you go with companies known for their cheaper rates and multiple available discounts. These include GEICO and Amica insurance. Taking the average for the five cheapest companies listed above, the annual payment amounted to just over $1000, which is almost 40% cheaper than the average across the city.
Getting Insurance in Mystic
Mystic is a city located on the Long Island Sound in CT and is the home to a massive maritime museum – the biggest in the US. Mystic is also famous in the insurance industry for another feature altogether – getting a car insurance quote in CT here gives you almost 12% cheaper rates than the rest of the state. You would only have to pay about $1500 a year which is far cheaper than the state average.
This isn’t the only way to get cheap car insurance in Mystic City. GEICO and State Farm are by far the cheapest and most comprehensive insurers in the state, with average annual rates for the sample drivers that went as low as $650 a year. That’s almost half what the average insurance in the city is.
Essex Car Insurance is Cheap as Dirt
Essex is one of the most popular suburban areas to live in CT. Voted the best small town in the US, it is also one of the cheapest for auto insurance in CT. Car insurance rates in Essex are just $20 or more higher than those in Mystic City. Consider using Nationwide insurance for car insurance in Essex CT, although USAA can be incredibly affordable if you have family in the military or a service record yourself. You can save about $600 when insuring your car at one of the top five in the state.
Car Insurance in Lyme and Middlefield
Lyme is one of the cheapest cities in CT to insure a car in, just a little higher than in Mystic and Essex. You save as much as 56% on car insurance rates in Lyme when you insure with GEICO or Amica, as opposed to the state average for car insurance quotes CT.
Middlefield is last on the list of cheap car insurance cities in CT. With an annual charge of about $1500 for sample drivers, this New England city is filled with additional discounts. In fact, insuring at State Farm and GEICO has up to $570 in savings compared to the city average.
Car Insurance Minimums and Recommended Amounts in CT
Getting car insurance in CT can be cheap if you shop at the right insurance companies and get as many car insurance quotes CT can offer you. You also need to think about the coverage you get. Talking to an agent is the best way to understand what covers you. Here are the minimum coverage requirements in CT according to state law, and the coverage most people get in the state.
- Bodily injury (liability coverage) – this covers any expenses delivered to other people in an at-fault accident. The state requirement is $20,000 per person and $40,000 for each accident, but you should consider up to $100,000 per person and $300,000 overall.
- Property coverage (liability coverage) – covers the cost of any property damage including structures in an at-fault accident. CT law requires a $10,000 limit but you should aim for about $50,000 or more.
- Uninsured/underinsured motorist coverage – has you covered for all medical bills when you are hit by a driver without insurance. State law requires the same minimums as Bodily Injury. It is recommended that you get $100,000 per person and $300,000 per accident instead.
- Medical coverage – covers you and passengers’ medical bill in any accident. State law doesn’t require this but you should look at about $5,000 for this one.
- Collision coverage – this takes care of the repair cost for your car if it is damaged seriously in a collision regardless of who was at fault. While CT law doesn’t need this on your insurance, you should consider getting it with a deductible of about $500 to $1,000.
- Comprehensive coverage – if your accident isn’t a collision with another vehicle, but your car is damaged due to environmental effects like floods, storms, falling trees, or is stolen/vandalized, you should consider adding comprehensive coverage. Since damages will be minimal, don’t get a deductible on this one.
With a lot of shopping around for car insurance quotes CT, you’re bound to get the prices on your auto insurance in CT lowered to the point that it is actually affordable. Take the time to work things out with the different insurance companies for the best experience. If you’re still having trouble finding cheap insurance you may want to look into no deposit car insurance.