GEICO offers the lowest minimum and full coverage car insurance rates in Stamford, Connecticut. However, your driving profile and coverage preferences will determine the most affordable insurer for your needs. For instance, State Farm has the most affordable policies if you have a DUI on your record. GEICO is also the cheapest for teenage drivers and those with a military affiliation.
Amica Mutual is our pick for the categories of best overall, best for customer service and best cheap auto insurance provider in Stamford.
Cheapest and Best Car Insurance in Stamford, CT
Cheapest Minimum Liability Car Insurance in Stamford
The cheapest minimum coverage car insurance providers in Stamford, based on our study, are:
- GEICO: $325 per year
- Amica Mutual: $465 per year
Rated as the priciest insurer of the eight companies we scored, Hanover charges an average yearly rate of $1,836 for its minimum coverage policy. Meanwhile, GEICO is the most affordable car insurance provider in Connecticut, at $338 per year as of October 2022. GEICO’s average rate in Connecticut varies slightly from its average in Stamford, illustrating how location can influence your auto insurance cost.
According to Connecticut's state minimum car insurance requirements, a policy should meet the following limits:
- $25,000 bodily injury liability per person
- $50,000 bodily injury liability per accident
- $25,000 property damage liability per accident
- $25,000 uninsured/underinsured motorist coverage per person
- $50,000 uninsured/underinsured motorist coverage per accident
Your insurer will pay the victim's injury and property damage costs up to $25,000 per person and $50,000 per accident for bodily injury, and $25,000 for property damage after an accident. The same limits apply for uninsured and underinsured motorist coverage. If the cost is higher than your policy limits, you must pay the balance out of pocket.
Cheapest Full Coverage Car Insurance in Stamford
The following companies provide the most affordable full coverage auto insurance in Stamford:
- GEICO: $692 per year
- Amica Mutual: $945 per year
Hanover is the most expensive provider of full coverage car insurance, with an average yearly premium of $3,626. GEICO also offers the cheapest full coverage car insurance in Connecticut, with policies costing an average of $730 per year as of October 2022. GEICO’s average rate in the state is higher than its average for Stamford.
A full coverage car insurance policy offers higher protection by adding comprehensive and collision insurance to your liability coverage:
- Comprehensive Insurance: Covers any damage to your car from non-collision incidents like hail, fire, theft and vandalism.
- Collision Insurance: Pays for collision-related accidents like hitting another car or object.
A full coverage policy is best if you have a new car, but with an older car, the cost of a full coverage policy will likely outweigh the car’s value.
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Cheapest Car Insurance in Stamford After a Driving Offense
Stamford drivers with a chargeable violation on their records can find the most affordable auto insurance from the following companies:
- Speeding ticket: GEICO ($802 per year)
- At-fault accident: GEICO ($1,006 per year)
- DUI: State Farm ($1,082 per year)
Charging an average of $5,915 after an at-fault accident, $20,986 after a DUI and $4,627 after a speeding ticket, Hanover is the most expensive insurer in Stamford for those with a driving offense. Even by shopping around and comparing rates between insurers, your rates are likely to be higher after a traffic offense than those for drivers with clean records.
You will likely pay more for auto insurance if you have a driving violation. The severity of the violation will determine how much your premium will increase, although this may not apply to all insurers. On average, you will pay about $1,374 for car insurance if you have no history of violations. After a DUI, this rate will go up by $3,011. Meanwhile, a speeding ticket increases the cost of insurance by roughly $269. Fortunately, you can still get cheap auto insurance with a bad driving record if you shop around.
Cheapest Car Insurance in Stamford for Teens and Their Families
The following companies offer the most affordable auto insurance for teenage drivers when added to their parents’ full coverage policy:
- GEICO: $1,105 per year for female teens; $1,575 per year for male teens
- Kemper: $1,767 per year for female teens; $1,849 per year for male teens
The priciest insurer in Stamford for full coverage is Progressive, costing $2,992 yearly on average for female teen drivers and $3,292 for male teens. Insurance companies often charge higher rates for male teens because they are riskier drivers. The difference in costs based on gender tends to diminish in early adulthood.
Adding a teenage driver to a family auto insurance plan can be more economical than getting a separate policy. In Stamford, for instance, you will pay approximately $6,862 if you purchase an individual plan for a 16-year-old driver. This premium costs roughly $4,501, 66% more than a family plan. To find the cheapest car insurance for teenagers, you can compare quotes from several insurers and leverage discounts that apply to teen drivers, such as the good student and distant student discounts.
Cheapest Car Insurance in Stamford for Military Drivers
The insurance companies that offer the lowest-priced military policies in Stamford for a full coverage policy are:
- GEICO: $692 per year
- USAA: $734 per year
GEICO is still the cheapest insurer for a policy that only meets the minimum coverage requirements, with an average yearly cost of $325. USAA is the second cheapest, with $364 per year. USAA's policies are only available to military members and their families.
How to Compare Cheap Stamford Car Insurance Quotes Online
Comparing auto insurance premiums online can be a time-consuming process. It takes at least 15 minutes to provide all the personal information required to obtain a cost estimate from a single insurer. MoneyGeek’s car insurance calculator allows you to compare quotes from several insurers with a single click based on your age, driving history and vehicle type, among other factors.
Auto Insurance Calculator
See how the Average Annual Auto Insurance Rates vary with the options chosen.
Best Car Insurance in Stamford: Summary
The top car insurance provider depends on your priorities: pricing, customer service, the insurer's claims experience or a combination of these factors. Overall, the best auto insurance companies in Stamford, Connecticut, are:
- Best overall: Amica Mutual (MoneyGeek score 83 out of 100)
- Best for service: Amica Mutual (MoneyGeek score 71 out of 100)
- Best cheap: Amica Mutual (MoneyGeek score 83 out of 100)
MoneyGeek scores for insurers across the categories may vary based on the weightings for each criterion. Based on our scoring system, Amica Mutual is also the best overall car insurer in Connecticut, with a MoneyGeek score of 84 out of 100. Scoring 84 out of 100 is USAA, the best provider for military members and their families.
Best Overall Car Insurance in Stamford
The following insurers offer the best overall full coverage auto insurance in Stamford:
- Amica Mutual: MoneyGeek score 83 out of 100 ($945 per year)
- GEICO: MoneyGeek score 75 out of 100 ($692 per year)
Amica Mutual ranked highly across all categories, with the highest claims, customer satisfaction and coverage availability scores. The insurer also had the second-highest affordability rating. USAA offers the best auto insurance in Stamford for drivers with military affiliation and their families.
How was this MoneyGeek score calculated?
Ranks first for claims management and customer satisfaction
Offers glass deductible modification, identity theft, accident forgiveness and new car replacement coverage
Offers various discounts
Lacks OEM coverage
Amica Mutual ranked first for customer satisfaction, claims management and coverage availability. With an average yearly cost of $945, it is also better priced than other insurers in Stamford.
Amica Mutual offers several unique coverages, including glass deductible modification, which waives the deductible when you file a claim to replace or repair your vehicle’s windows and windshield after damage.
The insurer's identity theft coverage protects you from fraud by sending you credit alerts and offering resolution assistance, and its new car replacement coverage replaces your car with a new one after damage. Your vehicle must be less than a year old and have fewer than 15,000 miles to qualify for the new car replacement coverage.
Amica Mutual offers accident forgiveness to drivers after they renew their policy, refer new customers or remain accident-free for one year.
Best Car Insurance in Stamford for Customer Service
Without regard for affordability, the following companies offer the best auto insurance for customer service:
- Amica Mutual: MoneyGeek score 71 out of 100 ($945 per year)
- Hanover: MoneyGeek score 58 out of 100 ($3,826 per year)
Amica Mutual received the highest scores for customer satisfaction and claims management. The insurer combines these scores with one of the lowest premiums, ranking second for affordability compared to seven other companies. It is thus the best if you wish to balance price and exceptional customer experience.
How was this MoneyGeek score calculated?
Top scorer for claims handling
Best for customer satisfaction
Add-on coverage includes gap insurance, glass deductible modification and full glass coverage
No better car replacement or custom parts coverage
According to information from the National Association of Insurance Commissioners (NAIC) and J.D. Power, Amica Mutual offers the best customer experience in Stamford.
Amica Mutual’s two widely applicable unique add-on coverage options include glass deductible modification and identity theft coverage. The insurer offers full glass coverage that pays to replace and repair your car’s windows, windshield and other glass parts, excluding a deductible.
You can also buy gap insurance from Amica Mutual, which pays the difference between your vehicle’s current value and the amount you owe on a lease or loan if your car gets totaled in an accident. You can only add this coverage to your policy within 30 days of purchasing the car.
Best Cheap Car Insurance in Stamford
The following companies offer the best cheap policies in Stamford that meet Connecticut minimum coverage requirements:
- Amica Mutual: MoneyGeek score 83 out of 100 ($465 per year)
- GEICO: MoneyGeek score 78 out of 100 ($325 per year)
Minimum coverage policies cost the least but offer the lowest liability protection and don’t cover damages to your car after an at-fault accident.
How was this MoneyGeek score calculated?
An affordable minimum coverage policy costs $465 per year
Highest customer satisfaction and claims management ratings
Offers discounts for bundling policies, insuring multiple cars, airbags and advanced safety features
No anti-lock brakes discount
Amica Mutual balances cost and service quality for drivers seeking the best minimum car insurance coverage. The company ranks highly for claims handling and customer satisfaction. It also offers a wide array of discounts for different types of drivers.
Amica Mutual offers most of the common discounts. For instance, you will save on your premium by combining auto insurance with home, renters, life, condo or umbrella insurance. Parents can also save on coverage costs if they have a full-time college or high school student between 15 and 25 years old with good grades.
If you stay for three years without filing a claim or if you insure more than one car, you also qualify for a discount from Amica Mutual. The insurer’s additional discounts include one for making automatic payments and having collision avoidance features, electronic stability control or adaptive headlights installed in your car.
Average Cost of Car Insurance in Stamford
Car insurance costs an average of $1,284 per year in Stamford, roughly $157 less than the average auto insurance cost in Connecticut but about $19 more than the national average of $1,265 per year as of October 2022. The rates are for comprehensive and collision coverage, including a bodily injury liability of $100,000 per person, $300,000 per accident and $100,000 in property damage liability.
One of the factors that may influence your auto insurance costs is where you live. For instance, Stamford’s average is lower than the state’s average, meaning the city may have lower accident and crime rates than other parts of the state.
About Mark Fitzpatrick