Cheapest car insurance companies in Stamford
A recent data analysis by Insurance.com found the cheapest car insurance companies are Geico and Progressive in Stamford for 2023.
Geico is the cheapest option for most Stamford drivers, with an average annual rate of $1,271 .
In Stamford, what you pay for car insurance depends on factors such as your location, driving history, coverage level, and the insurance carrier. Take time to compare price quotes from at least three insurers to get the best coverage at an affordable rate. The table below shows the car insurance companies with cheap insurance rates.
| Companies | Average annual rates |
|---|---|
| USAA | $668 |
| Geico | $1,271 |
| Progressive | $1,573 |
| Kemper Insurance | $1,644 |
| State Farm | $1,807 |
| Nationwide | $1,856 |
| Allstate | $2,280 |
| Farmers | $2,364 |
| Amica Mutual | $3,150 |
Cheapest car insurance cost in Stamford by Age Group
The cheapest auto insurance company in Stamford for teen drivers is USAA. For full coverage, its average annual rate for Stamford drivers is $2,683. Insurance companies put teenagers in the category of high-risk drivers, and as a result, they are charged higher rates for insurance.
However, teen drivers can keep their insurance rates low by taking advantage of the good student discount or by staying on their parent's car insurance policy for as long as possible.
Among the carriers analyzed, USAA is the cheapest car insurance option for young drivers in Stamford, at $1,125 a year for a full coverage policy.
Drivers in Stamford stepping into their 30s can expect a substantial drop in car insurance costs compared to their younger counterparts. USAA has the cheapest car insurance rates for a full coverage policy for adult drivers, averaging $686 a year.
Stamford senior drivers seeking affordable car insurance should look no further than USAA. It offers the cheapest car insurance rates for seniors, with an average annual premium of $773. It makes USAA a good choice for seniors who want to save money without sacrificing coverage.
| Company | Teens | Young Adults | Adults | Seniors |
|---|---|---|---|---|
| USAA | $2,683 | $1,125 | $686 | $773 |
| Geico | $5,171 | $2,323 | $1,239 | $1,524 |
| State Farm | $5,505 | $3,089 | $1,824 | $1,789 |
| Progressive | $7,244 | $2,485 | $1,558 | $1,658 |
| Nationwide | $7,494 | $3,259 | $1,818 | $1,905 |
| Kemper Insurance | $7,527 | $3,207 | $1,653 | $1,753 |
| Allstate | $9,130 | $3,692 | $2,372 | $2,407 |
| Amica Mutual | $10,278 | $5,757 | $3,118 | $3,291 |
| Farmers | $10,752 | $4,918 | $2,425 | $2,309 |
| The Hanover | $13,473 | N/A | N/A | N/A |
Cheapest car insurance companies in Stamford by driver profile
Driver profile is one of the many factors that insurers take into account to determine car insurance premiums in Stamford. Drivers with a history of accidents or traffic citations on their record can expect significantly higher costs than those with a clean driving record.
It's important to compare insurance quotes from at least three carriers to find the cheapest insurance company in Stamford that suits your budget.
In Stamford, these insurance companies offer cheap car insurance rates based on your driver profile.
- Cheapest for a driver with poor credit: Geico
- Cheapest for a driver with a speeding ticket: Geico
- Cheapest for accident: State Farm
- Cheapest for DUI: State Farm
Cheapest for a driver with poor credit: Geico
If you're a Stamford driver with poor credit, Geico is the cheapest car insurance company for you, based on Insurance.com's in-depth data analysis. It offers a full-coverage car insurance policy at an average cost of $1,293 annually.
Here are car insurance carriers that offer affordable rates for drivers with poor credit scores in Stamford.
| Company | Average annual rates |
|---|---|
| Geico | $1,293 |
| Progressive | $2,049 |
| USAA | $2,177 |
| Nationwide | $2,416 |
| State Farm | $2,865 |
| Allstate | $3,368 |
Cheapest for drivers with a speeding ticket: Geico
Geico has the cheapest car insurance premiums for drivers with speeding ticket violations on their records in Stamford. Its full coverage car insurance policy costs an average of $1,084 per year for drivers aged 30.
Finding the right car insurance company is all about individual needs. Take the time to compare quotes from different carriers and secure the best deal. With careful analysis, you can find an insurance company that provides the best rates and coverage tailored to your specific needs.
| Company | Average annual premium |
|---|---|
| Geico | $1,084 |
| State Farm | $1,529 |
| USAA | $1,563 |
| Progressive | $1,887 |
| Allstate | $2,094 |
| Nationwide | $2,152 |
Cheapest auto insurance after an at-fault accident: State Farm
State Farm is the cheapest auto insurance provider for drivers with a history of accidents. Its average annual rate for a driver with an at-fault accident in Stamford is $1,529. If you've had an accident in the past, it's important to find a provider that offers rates that are affordable and won't hurt your pocket.
| Company | Average annual rates |
|---|---|
| State Farm | $1,529 |
| Geico | $1,621 |
| USAA | $2,191 |
| Progressive | $2,659 |
| Nationwide | $3,011 |
| Allstate | $3,661 |
Cheapest auto insurance after a DUI: State Farm
State Farm is the carrier that offers cheap auto insurance rates in Stamford for drivers after a DUI. Its average annual rate for full coverage is $1,529.
Drivers convicted of a DUI offense face substantial increases in their car insurance rates. To get affordable premiums, you should compare quotes from different insurance carriers.
| Company | Average annual rates |
|---|---|
| State Farm | $1,529 |
| Progressive | $2,220 |
| USAA | $2,834 |
| Allstate | $3,689 |
| Nationwide | $4,117 |
| Geico | $4,976 |
Average car insurance cost in Stamford
On average, Stamford drivers pay $1,846 annually, or $154 monthly, for full coverage car insurance policies with a coverage level of 100/300/100. Conversely, the average annual cost of state minimum coverage in Stamford is $767.
Choosing full coverage insurance may mean a higher policy cost compared to the state minimum, but it offers better protection. It provides liability coverage as well as
| Average annual Rates | State minimum average |
|---|---|
| $1,846 | $767 |
Methodology
Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:
- 40-year-old male driver
- Honda Accord LX
- 12-mile daily commute, 10,000 annual miles
- Good credit
- Clean record
While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.
Rates are based on coverage limits of:
- $100,000 bodily injury per person
- $300,000 bodily injury per accident
- $100,000 property damage per accident
- $500 comprehensive and collision deductible
Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.
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