Connecticut Auto Insurance Laws
Auto Insurance Laws and Trends in CT
Being a state that uses the tort system of insurance, Connecticut requires the at fault party to take financial responsibility for any damages or injuries acquired in an automobile accident. Liability insurance, including property damage (PD) and bodily injury (BI) is mandatory for all drivers. Otherwise, these expenses would have to be paid out of pocket.
Factors That Impact Insurance Premiums
- Driving record – number of tickets, accidents, and suspensions that a driver accumulates.
- Credit history – Drivers who do not pay their bills on time are more likely to file a claim.
- Number of claims incurred – the more at fault claims a driver has, the higher a risk they are to insure.
- Safety devices in the vehicle (anti-lock breaks, side impact air bags)
- Anti-theft devices (alarm system, GPS)
- Type of vehicle (SUV, convertible, sports cars are more expensive to insure)
- Deductible that you choose (higher deductible = lower premiums)
- Where you park your vehicle (garage or locked parkade may give you cheaper rates)
Trends for auto insurance in Connecticut
The number of car thefts in Connecticut has declined for the 4th consecutive year, with the last year declining by 8.1%, according to the Federal Bureau of investigation. This is due to the fact that newer cars are being stolen more frequently now, as well as their parts. For instance, air bags are a hot commodity for car thieves and vandals. Ever year, there are approximately 75,000 air bags stolen from vehicles. They are then sold illegally around the country.
Comprehensive insurance will provide coverage for this situation. It will also cover if your vehicle is damaged from fire, windstorm and hail, or animal collision. In a state like Connecticut, the heavily wooded areas are prime hiding spots for wildlife to suddenly jump out into the path of an oncoming vehicle.