Waterbury Insurance Basics

Once a largely industrial city, Waterbury, Connecticut is now a melting pot of a wide variety of cultures and ethnicities. Despite such diversity in the area, one thing is largely unchanging--the need for insurance.

Whether you need auto insurance, homeowners insurance, or renters insurance, there are a few things you should be aware of to ensure you are getting the best coverage for the best price. Determining how much Waterbury insurance you do or don't need can be tricky, but knowing state minimums is a good place to start.

Auto Insurance
77% of Waterbury residents drive their own vehicle to and from work each day. With so many cars on the road, it's not only required by law to drive with insurance, but it's smart, too. Connecticut follows a tort system with regards to insurance, meaning whoever is found responsible for the accident is liable for damages. Minimum liability insurance required for drivers include:

  • Bodily Injury Liability: $20,000/person and $40,000/accident
  • Property Damage: $10,000

In a serious accident, however, these minimums don't go far and the at-fault driver is then responsible for the remainder, including any litigation if they are sued. For that reason, when looking for Waterbury insurance quotes it's a good idea to increase bodily injury liability to $100,000/$300,000 and property damage to $50,000. In addition, your quotes should also include:

  • Collision. This covers repairs to your vehicle.
  • Comprehensive. This covers repairs or replacement costs to your vehicle not related to an accident, such as vandalism or hail damage.
  • Uninsured/underinsured. In the event you are the victim of a hit and run, or the driver is uninsured, this coverage will pay your expenses.

Homeowners Insurance
More than half of Waterbury residents rent rather than own their homes. However, if you're renting you still need insurance to cover your personal belongings. Many renters mistakenly believe their landlord's policy covers the contents of the home, when in fact it only covers the actual structure.

Fortunately, renter's insurance will cover the replacement or repair costs to your personal possessions in the event of a fire, natural disasters, or theft. Renters insurance is also very inexpensive--your Waterbury insurance quotes for renters will probably fall around the average of $197 a year, or around $16 a month, for a typical $25,000 policy.

Finding Waterbury Insurance Quotes
If you're like most people, you want to save as much money as possible on your Waterbury insurance. The best way to do this is to shop around and compare quotes from multiple companies. If you tackle this yourself, it's a daunting task, but netquote.com takes the hassle out of finding Waterbury insurance quotes. You can research all types of insurance, then find the best price, quickly and easily on this site.