bestauto insuranceStamfordCompare the Cheapest Car Insurance Quotes in Stamford, CT
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.
REVIEW AUTO INSURANCE RATES
Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.
Advertising & Editorial DisclosureLast Updated: 1/10/2023
Edited By |
Ashley Jacobs
Written By |
Mark Fitzpatrick
GEICO offers the cheapest full coverage and state minimum liability-only insurance in Stamford. State Farm is the most affordable insurer on average for drivers with speeding tickets. For members of the military and their families, USAA may be the cheapest in some instances. Regardless, MoneyGeek also rated State Farm the best overall auto insurance provider in the city due to its balance of excellent service and affordability.
bestauto insuranceStamfordThe Cheapest and Best Car Insurance in Stamford
Methodology
MoneyGeek's analysis is based on data from market leaders such as AM Best, J.D. Power and the National Association of Insurance Commissioners (NAIC).
The Cheapest Car Insurance Companies in Stamford
In Stamford, the cheapest full coverage insurance policies are available from the two companies listed below:
- GEICO: $623 per year
- Progressive: $940 per year
USAA offers the city's cheapest full coverage insurance at $734 per year on average, but their policies are restricted to military personnel and their families.
GEICO has the lowest average rate in Stamford for car insurance that is widely available. It’s nearly 180% less than MetLife’s quote for equivalent insurance. Multiple coverages, including comprehensive and collision, are added to a full coverage insurance policy. The premiums for full coverage insurance vary according to the level of liability coverage you choose.
Cheapest Car Insurance in Stamford
Full Coverage 100/300/100
- Company100/300/100per year
- 1.$623
- 2.$734
- 3.$940
- 4.$1,026
- 5.$1,029
MoneyGeek's research used sample insurance quotations for a 40-year-old male motorist insured under a full coverage insurance policy.
Additional coverage is included with a full coverage policy, which is why these policies are so pricey. The coverages are broken down as follows:
- Collision Coverage: Protects your automobile from damage as a result of a collision with another vehicle.
- Comprehensive Coverage: Car theft, vandalism, fire and other such non-collision losses are covered by comprehensive coverage.
Full coverage auto insurance policy may not be appropriate if you own an older vehicle. That’s because the premiums can add up to more than your car’s replacement value. A possible alternative in this situation is state minimum or liability-only insurance.
Compare Car Insurance Rates in Stamford
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
Cheapest Car Insurance in Stamford for Minimum Coverage
The cheapest insurance is usually a state minimum or liability-only policy offering basic coverage. The companies listed below have cheapest car insurance for state minimum coverage in Stamford:
- GEICO: $327 per year
- Amica Mutual: $497 per year
USAA offers the city's second cheapest insurance price at $382; however, the insurer serves members of the military and their families exclusively. Still, GEICO's annual insurance premium is $975 cheaper than MetLife's, which at $1,302 is the most expensive in the city.
Because they cover less, policies with minimum liability coverage are cheaper. The risk is that without comprehensive and collision coverage, you may be underinsured if you’re in an accident. Here's how different levels of liability coverage affect your insurance premiums:
Cheapest Minimum Liability Car Insurance in Stamford
State Minimum
- CompanyState Minimumper year
- 1.$327
- 2.$382
- 3.$497
- 4.$585
- 5.$618
All drivers in the state of Connecticut are required to carry 25/50/25 liability insurance. While it’s the least expensive car insurance in Stamford, it also provides the least protection. If you're involved in a car accident, you may be facing a large financial risk.
For example, with state minimum coverage, you are insured for up to $25,000 in property damage in an accident. If the damage exceeds that amount, you’ll be responsible for paying it from your own resources.
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.
Cheapest Car Insurance in Stamford if You Have Driving Violations
Your insurance premiums will likely increase if you are ticketed for speeding, driving under the influence, or being at fault in an accident. The cheapest car insurance in Stamford if you have driving violations is:
- Cheapest after a ticket: State Farm, $1,115 per year
- Cheapest after an at-fault accident: GEICO, $904 per year
- Cheapest after a DUI: Progressive, $1,099 per year
USAA offers the most affordable average quotes to drivers in Stamford who have received a speeding ticket. However, their policies are restricted to military families.
Regardless of the infraction, you may eventually rebuild your driving record and lower your insurance premiums. In the meantime, you should compare insurance quotes to determine the best and cheapest insurance policy for drivers with bad records.
Cheapest Car Insurance in Stamford With a Violation
Speeding Ticket
- CompanySpeeding Ticketper year
- 1.$834
- 2.$1,115
- 3.$1,180
- 4.$1,181
- 5.$1,270
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.
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 rates 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.
Compare Car Insurance Rates in Stamford
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
The Best Car Insurance Companies in Stamford
To determine the best car insurance providers in Stamford, MoneyGeek looked at average rates, user claim ratings and user satisfaction scores. The top car insurance companies in Stamford, as discovered by our rating system, are:
- GEICO: MoneyGeek score of 97 out of 100
- State Farm: MoneyGeek score of 86 out of 100
USAA received a MoneyGeek score of 96 out of 100. However, it was not included on our list because only military personnel and their families have access to it.
1
GEICO
Score:97
For Stamford drivers, GEICO achieved a perfect financial stability score as well as high ratings in user claims and user satisfaction. Mechanical Breakdown Insurance is one of GEICO's unique coverages. A full insurance policy from GEICO costs around $623 annually.
More About GEICO
GEICO is the best car insurance company in Stamford. It offers drivers of all backgrounds affordable insurance plans, as well as Mechanical Breakdown Insurance, a unique add-on coverage. Mechanical Breakdown Insurance provides additional coverage for a lower price than a traditional dealer extended warranty. It includes all equipment and components, not just those protected by conventional dealership guarantees.
Drivers in Stamford can also get Accident Forgiveness coverage from GEICO. With this coverage, your insurance premium will not increase significantly after your first at-fault accident.
Read MoneyGeek's GEICO auto Insurance Review2
State Farm
Score:86
State Farm achieved good ratings in terms of customer satisfaction, affordability and claims. As an add-on, it offers rideshare insurance for drivers in Stamford. On average, a full coverage policy from State Farm costs $1,026 per year.
More About State Farm
As the second-best auto insurance provider in Stamford, State Farm provides unique add-ons like rideshare insurance. This policy makes sure that your medical, emergency roadside assistance and rental car reimbursement coverage in your personal auto policy remains valid in case you work for a ridesharing company.
Additionally, State Farm can reimburse you for travel expenses or the cost of a rental automobile. In case of an accident, it will reimburse you for the costs of the rental car up to a specified limit.
Read MoneyGeek's State Farm auto Insurance Review3
Travelers
Score:82
4
Progressive
Score:72
5
Nationwide
Score:69
6
Allstate
Score:64
7
Amica Mutual
Score:55
8
MetLife
Score:24
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
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.
About the Author
sources
- AutoInsurance.Org. "The Truth About Auto Insurance Rates by ZIP Code (2021 Expert Guide)." Accessed May 16, 2021.