Did you know that Connecticut drivers pay more for auto insurance than Americans in most other states?
The reason for this may be due to the state’s high income levels and cost of living or the reason could be because of action (or inaction) by state regulators and the factors companies in Connecticut are allowed to use to determine how much to charge for coverage.
In Connecticut, insurance is regulated by the state. But according to a recent article in the CT Mirror, “unlike health insurers, who must receive approval from the Connecticut Department of Insurance before they raise premiums, auto insurers simply notify the state they are raising premiums and it’s up to the state to object.”
The latest study of auto insurance rates by the National Association of Insurance Commissioners showed that only nine states, and the district of Columbia, had higher average premiums than Connecticut.
SafeAuto offers the state minimum coverage, so we can keep you Legal for Less. Visit our website at www.safeauto.com to see if we offer coverage in your state and to get a free quote!