Connecticut: Insured Population Explored

In Connecticut, 19 out of 20 residents have health insurance, with over half of them covered by private insurance. The average cost of car insurance in the state is $1,750 per year or $146 per month, while the national average is $1,682.

Average car insurance cost in Connecticut

The average cost of car insurance in Connecticut varies depending on the level of coverage and other factors such as age, gender, driving record, and location. Here is a detailed overview:

Average Cost by Coverage Level

The average annual cost of car insurance in Connecticut for minimum coverage is around $976, while full coverage averages $2,506 per year. In monthly terms, this equates to approximately $81 for minimum coverage and $209 for full coverage. However, it's important to note that rates can fluctuate, and individual rates may vary based on specific circumstances.

Average Cost by Age and Gender

In Connecticut, age and gender are considered in determining insurance rates. Older drivers generally pay lower rates due to their experience and lower accident rates. Female drivers also tend to pay less than male drivers as they are perceived to engage in less risky driving behaviours. As a result, younger male drivers often face higher average rates.

Average Cost by Driving Record

Drivers with a clean driving record in Connecticut typically enjoy lower insurance rates. However, factors such as speeding tickets, accidents, and DUI convictions can lead to premium surcharges. For example, a single speeding ticket can increase rates by 22%, while a DUI conviction can almost double the insurance premium.

Average Cost by Credit Score

Connecticut is among the states that consider credit history in car insurance rate calculations. Improving your credit score can lead to significant savings, as insurers often view individuals with good credit as less risky to insure.

Average Cost by Vehicle Type

The make and model of your vehicle also influence your insurance cost in Connecticut. The age of the car, repair costs, and the risk of theft are factors that can impact your insurance rates. For example, a full coverage policy for a BMW 330i can be significantly more expensive than the same coverage for a Ford F150.

Average Cost by City

The cost of car insurance can vary within Connecticut, with rates being higher in certain cities. Factors such as local crime rates, repair costs in the area, and regional weather patterns contribute to these differences. Bridgeport, for instance, has been noted as a city with relatively higher insurance rates.

Comparison with National Average

When compared to the national average, Connecticut's average car insurance rates are below the national average for minimum coverage but above the national average for full coverage. The national average annual rate for full coverage is $1,895, while Connecticut's average is $2,506.

Average health insurance cost in Connecticut

The average cost of health insurance in Connecticut is $8,153 per person per year, or $667 per month for a 40-year-old. This is based on the most recently published data and is $1,172 per person above the national average for health insurance coverage.

The cost of health insurance in Connecticut varies depending on the type of plan, age, and other factors. The cheapest health insurance plan in Connecticut starts at $238 per person for major medical plans, while the average cost is $534 per person. The price of health insurance also depends on the metal tier of the plan selected. Bronze plans typically have lower premiums but higher out-of-pocket costs, while Gold plans have higher premiums and lower out-of-pocket expenses. Silver plans are considered the most balanced option, offering a mix of moderate premiums and out-of-pocket costs.

The cost of health insurance in Connecticut can also be affected by factors such as age, with older individuals generally paying higher premiums. Additionally, income and expected medical expenses play a role in determining the cost of health insurance. Connecticut has expanded Medicaid to cover individuals with a household family income below 138% of the federal poverty level.

The state of Connecticut does not require residents to have health insurance. However, it is recommended to have health insurance to protect against unexpected medical costs.

Cheapest car insurance companies in Connecticut

According to a 2024 study, the average cost of car insurance in Connecticut is $1,567 per year, which is slightly higher than the national average of $1,543. However, the cost of insurance varies depending on factors such as age, gender, driving record, vehicle type, and credit score.

Cheapest for Teen Drivers

GEICO offers the lowest rates for 17-year-old drivers, with an average annual premium of $2,525 for females and $2,914 for males.

Cheapest for Young Adult Drivers

GEICO also has the lowest rates for 25-year-old drivers, with an average annual premium of $790 for females and $853 for males.

Cheapest for Adults

GEICO continues its trend of offering low rates, with the cheapest average annual rates for 35-year-old married drivers at $745 for females and $780 for males.

Cheapest for Seniors

Once again, GEICO offers the most affordable rates for 60-year-old married drivers, with an average annual premium of $775 for both females and males.

Cheapest for Military Families

USAA offers discounted rates for active military personnel, veterans, and their families. While not available to the general public, military families in Connecticut may benefit from their affordable rates.

Cheapest for Drivers with Poor Credit

GEICO stands out with the most affordable rates for drivers with poor credit, charging an average annual premium of $1,232.

Cheapest Overall

Overall, GEICO offers the cheapest car insurance rates in Connecticut, with an average monthly rate of $66, compared to competitors like Allstate, which charges $189 per month.

It is important to note that insurance rates are highly personalized, and the cheapest company for one driver may not be the cheapest for another. It is always a good idea to shop around, compare quotes, and consider various factors and discounts when searching for the best car insurance rates in Connecticut.

Most expensive car insurance in Connecticut

Connecticut's car insurance rates vary depending on factors such as age, gender, driving record, credit score, and vehicle type. The state's average annual cost of car insurance is $976 for minimum coverage and $2,506 for full coverage. The monthly cost for these coverage levels is $81 and $209, respectively.

When it comes to the most expensive car insurance in Connecticut, the specific company and rates may vary based on individual circumstances and location. However, based on the information provided, the following can be noted:

• Geico is consistently mentioned as one of the cheapest options for various driver profiles, including young drivers, adults, seniors, and those with poor credit. Their rates for full coverage range from $786 to $1,242 per year, depending on the source.
• Allstate is noted as having the highest average annual rate in the state, at $2,274, according to one source. Another source mentions Allstate as the most affordable option for those with a DUI, with an average rate of $344 per month.
• Progressive is mentioned as a good option for high-risk drivers and those with a DUI, with an average rate of $1,107 per year for full coverage, according to one source.
• State Farm is highlighted as the cheapest option for minimum liability coverage, with an average rate of $59 per month. However, another source cites their full coverage rate as $121 per month, which is still cheaper than the state average.
• The Hanover Insurance Group is mentioned as one of the cheapest options for liability coverage, with rates lower than the state average.

In summary, while Geico is often cited as the cheapest option overall, the most expensive car insurance in Connecticut may depend on individual factors such as age, driving record, and credit score. It is recommended to compare quotes from multiple providers to find the best rates for specific circumstances.

Average cost of car insurance by age in Connecticut

The cost of car insurance in Connecticut varies depending on age, gender, driving history, credit score, and location. The average cost of car insurance in Connecticut is $1,750 per year or $146 per month. The cheapest car insurance in Connecticut starts at $489 for liability coverage and $891 for full coverage.

The average cost of car insurance for young drivers in Connecticut is $3,083 per year, while the average cost for senior drivers is $1,726 per year. For a more detailed breakdown, see the tables below:

Average Cost of Car Insurance for Young Drivers in Connecticut by Age

| Age | Average Annual Cost | Average Monthly Cost |

|---|---|---|

| 16-year-old | $7,078 | - |

| 17-year-old | $5,392 | - |

| 18-year-old | $2,880 | $240 |

| 20-year-old | $2,659 | $222 |

| 21-year-old | $1,471 | $123 |

| 25-year-old | $983 | $82 |

Average Cost of Car Insurance for Senior Drivers in Connecticut by Age

| Age | Average Annual Cost | Average Monthly Cost |

|---|---|---|

| 60 and older | $1,802 | - |

| 70 and older | - | - |

Other Factors Affecting the Cost of Car Insurance in Connecticut

In addition to age, several other factors influence the cost of car insurance in Connecticut. These include:

• Gender: In Connecticut, male drivers typically pay higher rates than female drivers.
• Driving History: A clean driving record can help lower insurance costs. Speeding tickets, accidents, and DUI convictions can increase insurance rates.
• Credit Score: A good credit score can result in lower insurance premiums.
• Location: Insurance rates vary by city in Connecticut, with Bridgeport being the most expensive and Groton the cheapest.

Frequently asked questions