Some of the state’s lower income drivers will pay higher insurance premiums, if a law requiring higher liability limits is passed by the legislature. The liability limits in CT have not been changed since 1971. Currently the limits for auto liability are $20,000 per person and $40,000 per accident for bodily injury and $10,000 per accident for property damage. The new proposed limit would increase these limits to $25,000 per person, $50,000 per accident for bodily injury and $25,000 per accident for property damage.

Why do I say this will hurt the lower income drivers?

People generally who own homes and have assets usually do not have lower limits of coverage, so they will already be meeting these new requirements. It is usually people who rent or have no assets that carry minimum coverage so these insured’s will see the increase in rates because they will be required to raise their current coverage. Please keep us in mind when you get your renewals. Checking your premiums is important to help keeping costs down.