On average, car insurance in Stamford costs $1,124 annually, cheaper than Connecticut’s average rate by $318. GEICO offers the most affordable average policy at $623 per year. MoneyGeek analyzed policies by coverage amounts and driving histories to find rates that fit your profile. MoneyGeek recommends the best car insurance companies in Stamford for drivers who value service and affordability.
bestauto insuranceStamford2021The Cheapest and Best Car Insurance in Stamford
The Cheapest Car Insurance Companies in Stamford
MoneyGeek compared the best car insurance companies in Stamford and found the most affordable full coverage policies from:
- GEICO: $632 per year
- USAA: $734 per year (only available to current and former military members)
MetLife offers a policy with similar coverage for nearly three times the rate of GEICO. Their full coverage policy costs $1,742 annually.
Prices are for a 40-year-old male driver with a full coverage policy, which protects you against third-party injuries and property damage costs and also provides coverage for your own vehicle and medical expenses.
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- CompanyAmountper year
- 1.$623
- 2.$734
- 3.$940
- 4.$1,026
- 5.$1,029
Average Cost of Car Insurance in Stamford
Stamford$1,124
CT$1,442
U.S.$1,424
In Stamford, the average cost of car insurance per year is $1,124, which is cheaper than both the state and national averages.
Stamford's average rate is 22.1% lower than Connecticut’s rate of $1,442 per year. Similarly, the city’s average is 21.1% lower than the annual average national rate of $1.424.
The Best Car Insurance Companies in Stamford
Most drivers value both low costs and high-quality service. With this in mind, MoneyGeek compared several carriers to find the best car insurance companies in Stamford. These are:
- State Farm: 92.5 out of 100
- GEICO: 92.5 out of 100
USAA ranked highest in Stamford, but with their policy only available to current and former military members, they may not be the best option for drivers. To calculate the rankings, MoneyGeek used an internal rating system that includes user satisfaction ratings from J.D. Power, along with financial stability and affordability metrics.
1
USAA
Score:100
2
State Farm
Score:93
3
GEICO
Score:93
4
Allstate
Score:88
5
Nationwide
Score:85
6
Progressive
Score:83
7
Travelers
Score:80
8
Hanover
Score:78
9
MetLife
Score:78
10
Liberty Mutual
Score:75
11
MAPFRE Insurance
Score:75
12
Safety Group
Score:75
13
Arbella Insurance Group
Score:73
14
Plymouth Rock Assurance
Score:73
15
Safeco
Score:73
Personalized Quotes to Get You the Cheapest Car Insurance in Stamford
Factors like age, gender and ZIP code influence car insurance rates in Stamford. You should compare car insurance quotes regularly to see if you are eligible for discounts or rebates. Changes in your circumstances, such as getting married or moving to a different address, can result in a different rate.
Shopping around for car insurance in Stamford could save you $501, which is enough to buy:
167Cups of Coffee
39Months of Your Favorite Streaming Service
Cheapest Car Insurance in Stamford by Coverage Amount
When calculating car insurance quotes in Stamford, insurers consider many factors. What affects the rate most is the amount of coverage you purchase. For instance, a policy that meets the state’s minimum liability-only requirements costs, on average, $690 per year. In comparison, if you buy a full coverage policy with 100/300/100 limits, the rate becomes $1,124 — that’s a difference of $434 a year.
Connecticut Minimum Liability Requirements
- ItemDescription
- Bodily Injury and Property Damage$25,000 per person, $50,000 per accident and $25,000 for property damage. A more protective level is 100/300/100.
- Uninsured Motorist$25,000 per person and $50,000 per incident. The minimum coverage may not be enough if you're in a serious accident.
GEICO offers a liability-only policy with 50/100/50 coverage at $370 per year. By comparison, their full coverage policy with the same limits has an annual premium of $549.
50/100/50 coverage means the policy covers costs up to $50,000 per person for bodily injuries, $100,000 for all injuries in a covered accident and $50,000 for property damage. A liability-only policy is a cheap option for car insurance and protects you against third-party expenses. Full coverage policies may cost a bit more, but they also include collision and comprehensive insurance. These cover costs from your own property damage and injuries.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
Liability Only
- CompanyState Minimumper year50 / 100 / 50per year
- 1.$327$370
- 2.$382$430
- 3.$497$565
- 4.$585$669
- 5.$706$749
Full Coverage
- Company50 / 100 / 50per year100 / 300 / 100per year
- 1.$549$623
- 2.$687$734
- 3.$954$1,029
- 4.$942$1,026
- 5.$880$940
Cheapest Car Insurance in Stamford if You Have Driving Violations
Car insurance rates in Stamford are influenced by your driving record. The more violations you have, the higher your premium becomes. For instance, a USAA policyholder with no violations pays an average of $1,079 per year, while a speeding ticket adds $365. Meanwhile, an at-fault accident adds roughly $111, and a DUI increases rates by an average of $794.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
- 1.$834$1,009$1,478
- 2.$1,115$1,115$1,115
- 3.$1,180$1,654$1,099
- 4.$1,442$904$2,021
- 5.$1,444$1,190$1,873
Average Cost of Car Insurance by Postal Code
Another factor affecting how much car insurance costs in Stamford is your ZIP code. It gives insurers more information about your neighborhood, such as crime rates and road conditions, which influence policy rates. In Stamford, however, the average annual rate for all ZIP codes is $1,124. You can also use postal codes to compare car insurance rates in Connecticut.
- Zip CodeState Minimumper year
- 06902$1,124
- 06905$1,124
Insurance Providers That Serve Stamford
Factors That Impact Insurance Costs in Stamford
In addition to individual driver needs and history, location-specific factors like the percentage of uninsured motorists and the rate of car thefts also contribute to car insurance rates in Stamford. How Stamford ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
Methodology and Assumptions
MoneyGeek’s average premium rates for Stamford are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.
About the Author
sources
- AutoInsurance.Org. "The Truth About Auto Insurance Rates by ZIP Code (2021 Expert Guide)." Accessed May 16, 2021.