Car insurance is a personalized purchase. The company you choose, the coverages you purchase and the levels you decide on may all be influenced by your rating factors and personal level of risk. However, there are a few considerations you might start with to find the best car insurance for your needs.
Consider minimum insurance requirements in Connecticut
Like most other states, drivers in Connecticut must carry a minimum amount of car insurance to drive legally. Connecticut’s car insurance laws require that drivers carry at least minimum amounts of bodily injury liability, property damage liability, uninsured motorist coverage and underinsured motorist coverage. While you do not need to commit the minimum limits to memory, you must purchase at least these limits to satisfy the requirements of the law, and knowing the minimums can help you decide if you need more coverage.
Most experts recommend purchasing as much liability coverage you can afford as it provides financial protection if you cause an accident with injuries or property damage.
Consider lender requirements
If you have a loan or lease on your vehicle, you might have additional car insurance requirements. Financial institutions frequently require that policies have full coverage, which includes collision and comprehensive coverage. Additionally, gap insurance could be a helpful addition to your policy. If your newer vehicle is totaled in a covered event and the payout is less than the balance of your loan, gap insurance is designed to pay the difference.
Consider your individual needs
There are numerous life events that can affect your insurance. For example, getting into an at-fault accident, getting a ticket or being convicted of a DUI could mean that insurance companies view you as a high-risk driver, which typically increases your premium. Or perhaps you have a teen driver who was recently added to your policy. In this case, you may see a hefty increase in your premium. If you understand the factors that will impact your premium, you could choose an insurance company whose coverages and discounts are well-suited to your unique situation.