How Much is Auto Insurance for High Risk Drivers in Connecticut?

I’m sure you’ve seen the catchy advertisements from insurers like State Farm, GEICO, and Nationwide that make promises of big savings, so drivers just need to select the one with the best jingle, right?

It’s just not that easy, however, as there are a whole slew of unknown aspects like whether you are a man or a woman, whether you are single or married, and if you have purchased a home, that all go into determining the rate you pay. We will try to teach you about the best ways to shop for cheaper coverage and educate you enough to have a good start in finding the cheapest insurance in Connecticut.

The vehicle model you are insuring is one of the largest factors that determines the availablility of cheaper auto insurance for high risk drivers. Vehicles with more horsepower, a lack of modern safety features, or a track record of large liability claims will cost quite a bit more to insure than more modest models.

The list below shows coverage costs for the cheaper vehicles to insure.

Prices based on married female driver age 40, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Connecticut minimum liability limits. Discounts applied include homeowner, multi-vehicle, and multi-policy. Price information does not factor in specific Connecticut garaging location which can change rates substantially.

Based on these rates, you can assume that models like the Honda CR-V, Chevrolet Traverse, Ford Escape, Subaru Forester, and Ford F-150 are most likely to be the most affordable vehicles to insure for high risk drivers. Prices will tend to be more expensive anyway just because there is more exposure for high risk drivers, but generally speaking those particular models will most likely have the cheapest car insurance rates compared to other vehicles.

Finding dependable, cheap car insurance is confusing at best, and deciding which company offers the cheapest car insurance rates for high risk drivers may require even more perseverance. Premiums could be quite a bit pricier than the average rate in Connecticut, with the increase attributed to the posibility of more claims that goes along with selling insurance for high risk drivers, but economical insurance should be available if you are thorough. Each auto insurer uses a different method for determining rates in each state, so let’s take a look at the most affordable car insurance companies in Connecticut.

We do need to point out that Connecticut car insurance rates are based on many factors which can substantially decrease or increase the cost of having a policy. Taking a driver safety course, buying a home, or getting into an accident can trigger changes in premium resulting in some companies being much higher than others.

Lowest Insurance Price Quotes for Risky Drivers

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Utica National may offer some of the best car insurance rates in Connecticut at around $965 a year. Travelers, Amica, USAA, and Nationwide are also some of the best Connecticut car insurance companies.

As illustrated above, if you are currently insured with USAA and switched to Travelers, you could realize a yearly savings of upwards of $99. Insureds with Nationwide might save as much as $238 a year, and Unitrin customers might realize rate reductions of up to $405 a year.

Be aware that those policy prices are averages for all insureds and vehicles and are not factoring in a price surcharge for high risk drivers. So the car insurance company that fits your age and vehicle best may not even be featured in the company chart above. That affirms the importance of why you need to get rate quotes from many companies using your own personal information and vehicle type.

Safe drivers pay less for car insurance

In a perfect world, the ideal way to earn affordable car insurance rates in Connecticut for high risk drivers is to drive carefully and avoid accidents and violations. The chart below demonstrates how speeding tickets and accident claims can affect insurance costs for different age groups. The prices are based on a married male driver, full coverage, $1,000 deductibles, and no other discounts are factored in.

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In the previous chart, the average cost of an auto insurance policy in Connecticut per year with a clean driving record and no accidents is $1,335. Factor in two speeding tickets and the average cost rises to $1,835, an increase of $500 each year. Then throw in one accident along with the two speeding tickets and the 12-month cost of car insurance for high risk drivers jumps again to an average of $2,343. That’s an increase of $1,008, or $84 per month, just for not being more responsible behind the wheel!

Geico, State Farm, Allstate, and Progressive compared

If you are shopping around for auto insurance for high risk drivers, the companies with the most market share are Geico, State Farm, Allstate, and Progressive. They all have a slightly different set of options and discounts that may influence your choice. The next table compares and contrasts some of the different features offered by each one.

How to find budget-friendly car insurance for high risk drivers

It’s not impossible to find cheaper rates, and here are many penny-pinching solutions that can help you locate low-cost auto insurance.

• Avoid price increases by not filing claims
• Accidents can significantly increase rates
• Drivers with good credit ratings often pay less
• Keep your driving record clean
• Get cheaper liability coverage by choosing a safer vehicle
• Compare prices as often as possible

That last idea is remarkably critical, as we discussed in the prior information. Insurance rates can be adjusted at any time, so drivers shouldn’t be reluctant to change insurance companies if a better deal can be had. Staying with the same car insurance company is fine, but is isn’t recommended if it’s costing you money that could be going to better use. Now is a great time to shop around and find cheaper car insurance for high risk drivers.