(WFSB) – A brand new report predicts automobile insurance coverage premiums will improve nearly 12% this 12 months in Connecticut, however there are some issues you are able to do to maintain your charges down.
ValuePenguin, a analysis subsidiary of LendingTree, analyzed price filings and premiums throughout the nation.
It predicts automobile insurance coverage in Connecticut will on common improve 11.9% in 2025. Charges elevated 16% in 2024.
“They’re kind of pumping the brakes on price will increase, so it’s a small bit of fine information, however the takeaway is your charges are nonetheless going to go up,” mentioned Divya Sangameshwar, an insurance coverage knowledgeable with ValuePenguin.
Sangameshwar explains insurance coverage corporations are nonetheless making an attempt to play catch up.
“Once you mix local weather disasters and inflation, which drives up the price of repairing your automobile, you have got this state of affairs the place insurance coverage corporations have far more claims than they have been anticipating, and that’s including to their prices,” mentioned Sangameshwar.
There are methods it can save you. Sangameshwar says they submitted the identical driver profile to eight completely different insurance coverage corporations in Connecticut.
The bottom quote for full protection got here again at $99 a month. The costliest was $290 a month. That’s a 191% distinction, that means you save can nearly $200 a month by purchasing round.
“Procuring round is one of the best ways to economize in 2025. Chances are you’ll even find yourself paying barely much less on your auto insurance coverage coverage than you have been paying previous to the speed improve,” mentioned Sangameshwar.
Sangameshwar warns these numbers can fluctuate significantly if insurance coverage corporations see you as a threat.
“When you get annoyed and also you pace, you get a DUI otherwise you get into an at fault accident, your charges can go up by a median of about 72%, in order that’s an enormous price improve amongst an surroundings the place charges are already going up,” mentioned Sangameshwar.
The research discovered the place you reside in Connecticut additionally makes a distinction. The typical worth of automobile insurance coverage in Hartford is $266 per thirty days. In New London, the typical worth is $180 per thirty days.
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