Affordable Auto Insurance Companies Near Me

If you’re like most drivers in Connecticut looking for “affordable auto insurance companies near me,” your primary goal is probably to find a low-cost insurance policy. On the other hand, you don’t want to sacrifice quality coverage just to get a cut-rate insurance plan. So how do you achieve affordability without sacrificing quality? Because there are so many variables, so many individual risk factors, and so many variations among the methods insurance carriers use to rate different drivers, there is never a consistently “most affordable” choice for consumers. To give yourself the best shot at getting budget-friendly (but not “cheap”) car insurance near you, you should understand some basics about how insurers arrive at your premium.

Individual Risk Factors

There are many risk factors that auto insurance carriers will consider when determining your rate in CT. Ultimately, these are the things that will determine how inexpensive or costly your car insurance will be. These factors will invariably include some basic elements: your driving record (including violations and accidents), the zip code where you reside and your age.

 If you’ve been involved in accidents, or had multiple moving violations, you’ll be in a higher risk category than other drivers who have “clean” driving records and are seeking the same coverage and limits. That means that you can expect to pay a higher premium. Inexperienced drivers represent a higher risk, too, which is why the cost to insure younger people is considerably higher.

You may be surprised to know about other less obvious factors that will figure into what you pay for car insurance. The limits that you’ve carried on past auto policies will typically be a factor in what you pay for auto coverage in the future. If you’ve carried the minimum coverage with the lowest limits, the rate you pay may be higher than other drivers who have a history of carrying more than minimum coverages and limits.  Whether you are looking to switch insurance companies or to understand the policy you currently have, it's a good idea to know about your coverage options and to understand your collision and comprehensive insurance limits.         

Insurance Carrier Business Models

Like most other industries, auto insurance offers a variety of brands that may focus on particular segments of the market, or have products to offer to a variety of market segments. When it comes to finding affordable auto insurance, you will find that some carriers will have very competitive rates for “preferred” segments of the market that carry higher limits and more than minimum coverages, among other “preferred” market characteristics. 

Other companies will focus heavily on consumers who are shopping for the least expensive options, with minimum coverages and low limits. Depending on where you fall on this spectrum you may find that some companies will have the best rates for you, while simultaneously offering very uncompetitive rates to another tier of the market.

 Most insurers will have special affinity partnerships with professional organizations or other organizations, too. If you are a member of one of these groups, your most affordable choice could be with the company that offers you this discount option (though not always). Still other companies will appeal to a very broad range of consumers.  

Coverage, Limits and Deductibles

Keep in mind that when you’re shopping for auto insurance in Connecticut, you will want to have a good balance of coverage and limits when considering an affordable rate. The more coverage you buy, and the higher the limits, the higher your rate will be. Your deductible will also factor into the rate you pay. It typically works like this: the higher your deductible, the lower your rate; the lower your deductible, the higher your rate. Compare apples to apples. Try to be consistent with the coverage and limits you choose when comparing rates from auto insurance carriers so you get the most accurate comparative analysis.  

Best Practices as a Consumer

Another lesser-known way to influence the affordability of your insurance: you will not want to switch from one carrier to another in the middle of a policy period. Your prior tenure with a company can impact your future premium with other carriers. Furthermore, it’s in your best interest to remain with the same carrier for at least three years if you’re able to do so. This will position you as a “ preferred customer” with many auto insurance carriers when you’re ready to make a change, and will probably save you money. 

Always do your homework and obtain quotes from a few reputable carriers in order to get an idea of where you are positioned in the market. It’s best to determine the coverage you need first, and then compare the cost for that specific coverage across carriers. Being too focused on how much you’re paying could potentially make you compromise important auto coverage that you need.               

If you’re seeking an auto insurance carrier that offers exceptional value for CT drivers, consider Plymouth Rock Assurance. Plymouth Rock offers custom-built auto coverage at affordable rates, and we’ve been providing auto insurance in Connecticut for many years. Significant discounts are also available through exclusive affinity programs for Connecticut policyholders who qualify. Call Plymouth Rock today to find great value and affordable rates!

Call 855-993-4470, get a quote online, or find a local agent to get car insurance quotes in Connecticut from Plymouth Rock. For more information, visit our Contact Us page.