bestauto insuranceWaterbury2022Compare 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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Advertising & Editorial DisclosureLast Updated: 11/3/2022
Written By |
Mark Fitzpatrick
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.
bestauto insuranceWaterbury2022The Cheapest and Best Car Insurance in Waterbury
Cheapest Overall - GEICO
Cheapest State Minimum - GEICO
Cheapest With a Driving Violation - Amica Mutual
Best Overall - State Farm
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
- Company100/300/100per year
- 1.$781
- 2.$878
- 3.$1,081
- 4.$1,132
- 5.$1,257
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.
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
- CompanyState Minimumper year
- 1.$405
- 2.$434
- 3.$553
- 4.$716
- 5.$815
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
- 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 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
- CompanySpeeding Ticketper year
- 1.$890
- 2.$1,321
- 3.$1,367
- 4.$1,438
- 5.$1,442
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.
The Best Car Insurance Companies in Waterbury
MoneyGeek analyzed average premiums, claims ratings and user satisfaction scores to determine the top-rated car insurance companies in Waterbury. Our data reveals that the top two companies are:
- GEICO: MoneyGeek score of 92.8 out of 100
- State Farm: MoneyGeek score of 83.4 out of 100
USAA is only available to those with a military background, so we excluded them from our analysis. Overall, USAA received a MoneyGeek score of 100, making it the best car insurance in Waterbury for military families.
1
GEICO
Score:93
GEICO excelled in both affordability, satisfaction and claims. On average, a GEICO full coverage policy in Waterbury costs $878 per year. Policyholders can also get mechanical breakdown insurance.
More About GEICO
In Waterbury, GEICO’s mechanical breakdown insurance gives drivers the option to get better coverage compared to the standard extended warranty. For vehicles less than 15 months old, all parts and systems are covered. With GEICO, you can purchase accident forgiveness, roadside assistance and rental car reimbursement depending on which coverage best suits your needs. Accident forgiveness protects you against expenses if you’re held responsible after an accident. Meanwhile, roadside assistance covers services like towing, vehicle lockout and jump-starts. Rental car reimbursement covers expenses if your car isn’t drivable after an accident.
Read MoneyGeek's GEICO auto Insurance Review2
State Farm
Score:83
MoneyGeek gave State Farm relatively high scores across all categories. Drivers can add rideshare insurance to their policy. With State Farm, a full coverage policy costs roughly $1,257 per year in Waterbury.
More About State Farm
Drivers of ridesharing companies like Uber and Lyft can consider State Farm’s rideshare insurance. With this coverage, you can get support for medical costs, rental car reimbursement and emergency roadside assistance when you work for a rideshare company in Waterbury. Your personal policy deductible is also in effect with rideshare insurance. Aside from this, State Farm offers rental car reimbursement, which covers lodging, meals and transportation costs for up to $500 dollars if you were found at fault in an accident while driving a rented vehicle. State Farm also has roadside assistance.
Read MoneyGeek's State Farm auto Insurance ReviewAverage 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 CodeState 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.
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