UPDATED: Mar 13, 2020
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Cheap Car Insurance in New Haven, CT
Are you looking for cheap auto insurance in New Haven, CT? At AutoInsuranceEZ.com, you can easily find the very best insurance rates in your area. To obtain free car insurance quotes from the best providers today, provide your zip code into the quote box on this page.
New Haven is home to the prestigious ivy-league university, Yale; but did you know that New Haven is also the home of vulcanized rubber? Additionally, New Haven is a popular seaport and distribution hub. Economically speaking, biotechnology is a major industry in New Haven.
- Fun fact: Did you know that New Haven is #2 on the list of “Top 101 cities with largest percentage of females in occupations: Mathematical science occupations (population 50,000+)”? Learn more about New Haven, CT.
Auto Insurance Coverage Requirements in Connecticut
Looking for automotive insurance in Connecticut? Well, the state bare minimum requirements are:
|Bodily Injury Liability||20,000/40,000||100,000/300,000|
|Property Damage Liability||10,000||50,000|
|Uninsured Motorist Bodily Injury||Not required||20,000/40,000|
|Medical Payments||Not required||5,000|
|Collision||Not required||500 deductible|
|Comprehensive||Not required||0 deductible|
However, keep in mind that liability insurance is extremely limited in what claims it will pay out. For theft, vandalism, or an accident that is the other driver’s fault, your insurance will not cover you.
The average motorist in Connecticut might find themselves paying as high as $137 per month for their automotive insurance – while smart New Haven drivers can get great deals as low as $80*/mo! To learn how to become one of these few, keep reading.
Allstate and State Farm have some of the most affordable rates for New Haven drivers currently. However, there’s more to good automotive insurance coverage than a low monthly rate. Do they have friendly customer service? Will they pay out on claims as outlined in your agreement? Make sure you get good background information on all your prospective insurance companies before you make a final decision.
Auto insurance carriers evaluate different elements when determining insurance quotes, including driving violations, accident claims, occupation, driving distance to work, and multiple cars and drivers. Also keep in mind that, premiums differ from company to company. For more information on car insurance Connecticut, click here.
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Major Car Insurance Factors in New Haven
Insurance companies take many factors into account when creating an auto insurance policy. Unfortunately, a number of these factors are difficult or impossible to change, such as your credit score or the make/model of your car. Other factors your car insurance company may consider include:
Your Zip Code
Where you park your car each night will have a major impact on your auto insurance rate. Generally, car insurance is cheaper in rural areas because fewer cars means a smaller chance that you will get into a collision with another vehicle. The population of New Haven is 130,660 and the median household income is $36,196.
If you live in a high-traffic area notorious for motor vehicle accidents, it is likely that your monthly premiums will reflect this danger in the form of a higher payment. You can see the fatal accident statistics for New Haven in the chart below. There were 9 fatalities recorded in 2013, which is low compared to some areas, but your automotive insurance company may still adjust their rates accordingly.
Auto Thefts in CITY
Auto theft is a major problem, especially in densely populated cities. If your location and/or vehicle model put you at a greater risk for theft, you may have trouble finding low-cost car insurance. The total number of stolen vehicles in New Haven was 753 back in 2013. Although this is lower compared to previous years, it can’t hurt to consider adding Comprehensive coverage to your policy in order to protect against auto theft.
Your Credit Score
Your credit score can have a bigger impact on your monthly premiums than you might think. Just look at the data presented in the following chart. For someone with excellent credit, their monthly premium is anywhere from 50-75% cheaper than the monthly costs for someone with poor credit.
Young, inexperienced drivers will generally be charged much higher rates per month than someone in their 30’s, 40’s, or beyond. The less experience you have behind the wheel, the more likely you are to cause an accident. Charging teenage drivers a higher premium is the insurance company’s way of offsetting potential expenses.
Your Driving Record
Another major factor which influences your auto insurance premiums is your driving record. For minor violations, such as a speeding ticket or a “fender-bender”, your insurance will increase somewhat (anywhere between 18-30%, depending on the violation). However, some companies with an “Accident forgiveness” policy may ignore past discrepancies from your record. But for more serious violations, such as a DUI, your car insurance rates could double in price virtually overnight. Some major providers might discontinue your coverage entirely for being cited with a DUI or a reckless driving violation.
Generally speaking, the only major factor which auto insurance companies care about is how much it will cost them to replace your car in the event of a serious accident. Because luxury vehicles, such as porches, are so much more expensive than regular sedans, you can see in the chart below that monthly premiums for these automobiles are much higher.
Minor Car Insurance Factors in New Haven
Below are some factors which also have a surprising influence on your rates:
Your Marital Status
For single policies, marital status is a negligible factor when determining your premiums. However, married couples have the option of bundling their policies together. Most insurance providers will offer substantial discounts for this.
Think men are terrible drivers? Well, your insurance provider will most likely beg to differ. Many companies these days are offering the exact same monthly premiums, regardless of gender. And providers who charge different premiums for men and women only do so by a few dollars per month.
Your Driving Distance to Work
Workers in New Haven can expect a relatively short commute time of about 10-19 minutes. A little over 50% of motorists drive their own car to work; however, the closer you get to the heart of New Haven, the more likely you are to see up to 75% of employees walking in to the office.
Some companies will adjust your rate based on why you drive, or how far you drive each year. Even though your provider might request this information from you, driving a few thousand miles each year for pleasure tends to cost about the same as driving tens of thousands of miles for work, give or take a few percentage points. However, if your automobile is registered as a business vehicle on your insurance policy, you could be looking at 10-15% higher premiums each month.
Your Coverage and Deductibles
Obviously, someone who only buys the state minimum mandatory coverage will pay less per month than a driver with additional coverage on their policy. If you feel you need more than the mandatory minimum coverage, but don’t want to pay expensive premiums each month, try raising your deductible. This is especially economical for safe drivers who don’t anticipate a need to file multiple claims.
Education in New Haven, CT
If you live in New Haven, you could try going back to school in order to save money on your car insurance, since providers usually give lower rates to drivers with degrees. Getting a better job or negotiating a higher salary won’t alter your rates as much as having an advanced degree will. Most motorists in New Haven have either a high school diploma or less than a full high school education.
Obviously, Yale is the point of pride of the university system in New Haven. As an Ivy League school, it attracts some of the best and the brightest each year and has been educating students since the very early 1700’s. Additionally, there are private institutions such as Albertus Magnus College and Southern Connecticut State University.
Unfortunately for most insurance companies, a simple internet search can reveal many of their trade secrets. But even with the proper information, it can still be difficult for you as an individual to figure out your risk profile and find low-cost insurance. Make sure you do your due diligence before you commit to your next car insurance policy.
How We Conducted Our Car Insurance Analysis
*We calculated our average rate based on the following metrics: a married, 34 year old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home. Miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.
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