Compare the Cheapest Car Insurance Quotes in Waterbury

The average cost of car insurance in Waterbury is $1,339 per year, which is 7.1% less than the state average. GEICO offers the cheapest policy at an average cost of $878 annually. MoneyGeek identified the most affordable insurance companies based on driving history and elected coverage amount.

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Last Updated: 5/16/2022
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While GEICO offers the cheapest policy, the right provider for you depends on your driving profile and coverage needs.

GEICO offers the cheapest state minimum policy, while Amica Mutual offers the most affordable policies for drivers with speeding tickets. USAA is the cheapest provider for military families. State Farm and GEICO are the highest-ranked companies overall for affordability and quality service.

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The Cheapest and Best Car Insurance in Waterbury

The Cheapest Car Insurance Companies in Waterbury

MoneyGeek determined the cheapest car insurance companies in Waterbury for drivers interested in purchasing a full coverage policy.

  • GEICO: $878 per year
  • Amica Mutual: $1,081 per year

For drivers with a military background, USAA offers the most affordable policy at an average rate of $781 per year.

In Waterbury, GEICO offers the most affordable full coverage policy at approximately 116% less than a comparative policy offered by Metlife, the most expensive insurance company in Waterbury. A full coverage policy includes comprehensive and collision insurance. Yearly rates are determined by elected liability coverage.

Cheapest Car Insurance in Waterbury
Full Coverage 100/300/100
  • Company
    100/300/100per year
  • 1.
    USAA
    $781
  • 2.
    GEICO
    $878
  • 3.
    Amica Mutual
    $1,081
  • 4.
    Progressive
    $1,132
  • 5.
    State Farm
    $1,257
  • 6.
    Travelers
    $1,350
  • 7.
    Nationwide
    $1,438
  • 8.
    Allstate
    $1,676
  • 9.
    MetLife
    $1,897

MoneyGeek researched average rates for a 40-year-old male driver with a clean record and a full coverage policy, as defined in our methodology.

At a higher premium, full coverage car insurance provides more protection as it includes these coverages on top of liability insurance:

  • Comprehensive Coverage: If non-collision-related damage occurs, such as theft, vandalism, animal damage or weather-related occurrence, the vehicle will be covered.
  • Collision Coverage: If an at-fault collision occurs, damage to the vehicle will be covered.

If you have an older vehicle, consider a minimum coverage policy or a liability-only policy to obtain more affordable rates. A full coverage policy on an older car may cost you more than the actual value of the car.

Compare Car Insurance Rates in Waterbury

Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.

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Insurance Rates

Cheapest Car Insurance in Waterbury for Minimum Coverage

A minimum coverage policy is your cheapest option for car insurance in Waterbury. The insurance providers offering the lowest rates are:

  • GEICO: $434 per year
  • Amica Mutual: $553 per year

For drivers with a military background, USAA would be the cheapest option at an average cost of $405 per year.

In Waterbury, GEICO offers the most affordable minimum coverage policy at an average of $960 less than a comparative policy offered by Metlife, the most expensive car insurance company in the city.

A minimum coverage policy is the most cost effective, but it offers low levels of liability coverage and the least protection. It does not include comprehensive and collision insurance. Toggle the table below to see how rates fluctuate based on elected liability coverage.

Cheapest Minimum Liability Car Insurance in Waterbury
State Minimum

In Connecticut, the state law requires that every driver have an auto insurance policy with at least 25/50/25 in liability limits and 25/50 in uninsured motorist coverage limits. While a minimum coverage policy will help you save on your monthly insurance costs, it can lead to higher out of pocket costs later.

For example, if an at-fault collision leads to $60,000 in medical bills, the insurance company would only cover $50,000. You would have to pay the remaining $10,000 out of pocket.

Connecticut Minimum Liability Requirements

  • Item
    Description
  • 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 Waterbury if You Have Driving Violations

If you have driving violations on your record, such as a speeding ticket, an at-fault accident or a DUI, your premium will be more expensive. MoneyGeek determined the cheapest providers depending on the type of violation:

  • Cheapest after a speeding ticket: Amica Mutual at $1,321 per year
  • Cheapest after an at-fault accident: GEICO at $1,269 per year
  • Cheapest after a DUI: Progressive at $1,342 per year

If you have a military background and a speeding ticket or an at-fault accident on your record, USAA offers the lowest rates in the city.

If you have a bad driving record in Waterbury, improving your record over time can lower car insurance rates. In the meantime, it’s best to shop around and compare rates from different companies to find the right fit.

Cheapest Car Insurance in Waterbury With a Violation
Speeding Ticket

Average Cost of Car Insurance in Waterbury

Waterbury$1,339
CT$1,442
U.S.$1,424

The average cost of car insurance in Waterbury is $1,339 per year, which is 7.1% less than the state average and 6% less than the national average.

Personalized Quotes to Get You the Cheapest Car Insurance in Waterbury

Car insurance quotes are affected by several factors like age, gender, make and model of the vehicle, coverage level and ZIP code. Waterbury is one of the few cities where ZIP codes do not affect premiums. Comparing rates is the best way to find the most affordable policy for your unique situation.

Compare Car Insurance Rates in Waterbury

Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.

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Insurance Rates

The Best Car Insurance Companies in Waterbury

In Waterbury, the best companies for affordability and quality service are:

  • State Farm: MoneyGeek score of 92.5 out of 100
  • GEICO: MoneyGeek score of 92.5 out of 100

USAA offers the cheapest policies in the city to eligible military families.

MoneyGeek calculated scores based on J.D. Power user satisfaction, affordability and financial stability.


1
USAA
Score:100

5/5

Affordability

5/5

Claims Ratings

5/5

User Satisfaction

A++

Financial Stability

2
State Farm
Score:92.5

5/5

Affordability

3/5

Claims Ratings

4/5

User Satisfaction

A++

Financial Stability

3
GEICO
Score:92.5

5/5

Affordability

3/5

Claims Ratings

4/5

User Satisfaction

A++

Financial Stability

4
Allstate
Score:87.5

3/5

Affordability

4/5

Claims Ratings

4/5

User Satisfaction

A+

Financial Stability

5
Nationwide
Score:85

3/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

A+

Financial Stability

6
Progressive
Score:82.5

4/5

Affordability

2/5

Claims Ratings

3/5

User Satisfaction

A+

Financial Stability

7
Travelers
Score:80

2/5

Affordability

3/5

Claims Ratings

2/5

User Satisfaction

A++

Financial Stability

8
Hanover
Score:77.5

2/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A

Financial Stability

9
MetLife
Score:77.5

2/5

Affordability

3/5

Claims Ratings

2/5

User Satisfaction

A+

Financial Stability

10
Liberty Mutual
Score:75

2/5

Affordability

3/5

Claims Ratings

2/5

User Satisfaction

A

Financial Stability

11
MAPFRE Insurance
Score:75

3/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A

Financial Stability

12
Safety Group
Score:75

2/5

Affordability

3/5

Claims Ratings

2/5

User Satisfaction

A

Financial Stability

13
Arbella Insurance Group
Score:72.5

2/5

Affordability

3/5

Claims Ratings

2/5

User Satisfaction

A-

Financial Stability

14
Plymouth Rock Assurance
Score:72.5

3/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A-

Financial Stability

15
Safeco
Score:72.5

2/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A

Financial Stability

Average Cost of Car Insurance by Postal Code

Premiums are affected by several factors, including ZIP code. Some neighborhoods have higher theft rates, number of accidents and a higher probability of natural disasters. Consequently, these residents pay more for car insurance. Fortunately, MoneyGeek’s research shows that ZIP codes do not impact premiums in Connecticut.

  • Zip Code
    State Minimumper year
  • 06705
    $1,339
  • 06708
    $1,339

Factors That Impact Insurance Costs in Waterbury

In addition to individual driver needs and history, location-specific factors like the percentage of uninsured motorists and the rate of fatal accidents also contribute to car insurance rates in Waterbury. How Waterbury ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.

accident2 icon
Most Accidents With Fatalities115th/300
handcuffs2 icon
Most Car Thefts141st/300
uninsured icon
Most Uninsured Motorists by State36th/50
insurance2 icon
Personal Injury Protection RequiredNo
rain icon
Most Annual Rainfall36th/300
umbrella icon
Most Rainy Days82nd/300

Methodology and Assumptions

MoneyGeek’s average premium rates for Waterbury 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


expert-profile

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.