Connecticut Car Insurance
No matter what state you're in, you need automobile insurance. Connecticut car insurance, like all states, has certain requirements for drivers. You are required to carry liability insurance with 20/40/10 limits. This formula means the policy must pay $20,000 for each individual and $40,000 for all individuals in an accident that is your fault, and $10,000 for property damage. Also, Connecticut requires $20,000 and $40,000 coverage for uninsured and underinsured motorists bodily injury. If you are looking for the lowest cost policy possible, a liability policy is right for you.
Connecticut uses a Tort system. This means that one party must be determined to be at fault for the accident. The person at fault, and their insurer, is held responsible for the damages caused. The specific details of a tort system are different depending on your state. If you have questions about the Connecticut tort system, it is wise to speak to an insurance agent who can teach you more about how this works. There are other types of insurance in addition to liability that you may also want to consider depending on the coverage you feel you need and the type of vehicle you have.
For example, if you have a new vehicle that is under financing with a lien on the title, you may be required to carry more insurance. This may be referred to as full coverage, which is not a type of insurance but a phrase used to describe the coverage needed. This may include collision insurance, which covers you in the event of an accident that is either your fault or the fault of the other party. It covers property damage to the vehicle or vehicles which may include repair, parts, towing and more. Comprehensive insurance is usually bundled together with collision insurance.
Comprehensive insurance covers you in the event of vandalism, theft, or other damage. This damage may be caused by natural disaster, such as hail damage. Another type of insurance is underinsured/uninsured motorist coverage. This is important to have because if you are in an accident that is the fault of the other driver and they do not have insurance or enough insurance to cover your property damage and medical costs, this type of insurance will take care of those costs. In some states uninsured and underinsured motorists can pay a fee to the Department of Motor Vehicles to drive without insurance, but it provides them no coverage.
One thing you may want to do when shopping for Connecticut car insurance is get free online quotes. These are instant quotes that you can get after submitting a brief form that asks you simple questions about your vehicle and driving record. The quotes are not set in stone, you will need to submit a formal application before you can find out the actual cost. Your application will be reviewed by an insurance agent. In some cases you can get insured on the same day you submit your application.
When acquiring Connecticut car insurance, you may need to pay a downpayment in addition to your premium. Most agencies allow you to pay either monthly, semi annually or annually. In some cases if you pay for your policy yearly, you get a discount on the total cost. Your insurance agent can go over all this information with you and help you find an option that works with your budget and your needs for insurance coverage.