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Do you need auto insurance in Waterbury? At AutoInsuranceEZ.com, you can get the cheapest insurance rates close to you. To get free car insurance quotes from the top rated providers today, input your zip code into the quote box on this page.

If you’re familiar with Waterbury, then you probably know it’s been nicknamed “The Brass City”. For over 150 years starting in the early 1800’s, if you owned a product made of brass, it was likely manufactured in Waterbury, CT. This economic success allowed the city to diversify its manufacturing sector in time with the decline of the brass industry. Waterbury is also a convenient distance away from both Boston and New York City.

  • Fun fact: Did you know that Waterbury is #1 on the list of “Top 101 larger cities with the highest real estate taxes percentage in 2005”? Learn more about Waterbury.

Auto Insurance Coverage Requirements in Connecticut

To drive legally in Connecticut, you’ll need to purchase the following:

Coverage Requirements Most Common
Bodily Injury Liability 20,000/40,000 100,000/300,000
Property Damage Liability 10,000 50,000
Uninsured Motorist Bodily Injury Not required 20,000/40,000
Medical Payments Not required 5,000
Collision Not required 500 deductible
Comprehensive Not required 0 deductible

 
Keep in mind that these are requirements and suggestions. The actual level of coverage you may need will depend on additional factors, such as your vehicle, the age of your vehicle, and how much you have to spend on insurance each month.

There are some parts of Connecticut where motorists can pay as high as $137 per month for auto insurance. But in Waterbury, you can get your policy for as low as $73/mo*! We’ll show you how here in this article.

Average Monthly Auto Insurance Premiums Legend: Waterbury Allstate State Farm Liberty Mutual Amica Victoria 10 20 30 40 50 60 70 80 90 $64 $66 $70 $72 $92

 

As you can see, Allstate, State Farm, and Liberty Mutual have some of the lowest rates around. But insurance isn’t all about premiums. Customer service is important, as well as the claims filing process. Make sure you do your research and find the company that’s right for you.

Auto insurance companies evaluate many variables when figuring out insurance quotes, including driving experience, credit score/rating, driving distance to work, good grades (for young student drivers), and theft protection devices. Additionally, premiums vary from carrier to carrier. To verify that you’re still paying the cheapest rate, get more information on Connecticut car insurance here.

Major Car Insurance Factors in Waterbury

Insurance companies take numerous factors into account when designing an auto insurance policy. Unfortunately, a number of these factors are difficult or impossible to change, such as your gender or where you live. Other factors your car insurance company may consider include:

  • Your Zip Code

Where you park your car each night will have a major impact on your auto insurance rate. Generally, car insurance is cheaper in rural areas because fewer cars means a smaller chance that you will get into a collision with another vehicle. The population of Waterbury is 109,676 and the median household income is $36,736.

Auto Insurance by Zip Code Legend: Bridgeport New Haven Hartford Stamford Waterbury Allstate State Farm Liberty Mutual Amica Victoria 10 20 30 40 50 60 70 80 90 100 110 $58 $60 $59 $51 $64 $69 $65 $68 $58 $66 $75 $87 $91 $48 $70 $94 $92 $87 $58 $72 $98 $94 $115 $78 $92

 

  • Automotive Accidents

If your zip code is located in an area with a high rate of accidents, you can expect to pay more for insurance as a result. The most recent accident statistics are displayed in the chart below, which marks a slight decrease in accidents from the previous year.

Fatal Accidents in Waterbury, CT Legend: Waterbury Fatal accident count Vehicles involved in fatal crashes Fatal crashes involving drunk persons Fatalities Persons involved in fatal crashes Pedestrians involved in fatal accidents 5 10 15 20 25 8 14 7 9 28 1

 

  • Auto Thefts in Waterbury

Finding cheap auto insurance can be difficult if you are at risk for auto theft. Certain popular vehicle models are attractive to thieves, as well as vehicles which are parked often in large cities. The total number of stolen vehicles was 689 back in 2010 for the city of Waterbury. This is an increase from previous years. To protect yourself from auto theft, you might want to add a Comprehensive coverage to your policy.

Basic vs. Comprehensive Auto Policy Legend: Basic Coverage Comprehensive Coverage Allstate State Farm Liberty Mutual Amica Victoria 20 40 60 80 100 120 140 160 180 200 $64 $161 $66 $133 $70 $219 $72 $137 $92 $175

 

  • Your Credit Score

Your credit score plays a significant role in what you get charged monthly for your vehicle insurance. As this chart clearly demonstrates, having a poor credit score can almost double what you pay each month to remain insured.

Auto Insurance by Credit Score Legend: Excellent Credit Poor Credit Allstate State Farm Liberty Mutual Amica Victoria 10 20 30 40 50 60 70 80 90 100 110 120 $48 $91 $55 $119 $60 $110 $49 $114 $88 $124

 

  • Your Age

Young drivers are statistically more likely to cause car accidents than any other type of driver. Because of this, they are charged much more for their monthly premiums than older drivers. However, you should look into discounts for teens, such as Good Student discounts, or discounts for taking Drivers Ed.

Auto Policy Age Comparison Legend: 34 Year Old 17 Year Old Allstate State Farm Liberty Mutual Amica Victoria 30 60 90 120 150 180 210 240 270 300 330 $64 $261 $66 Do Not Sell $70 $304 $72 $346 $92 $322

 

  • Your Driving Record

Low-risk drivers tend to have blemish-free (or nearly perfect) driving records, so insurance companies tend to charge them lower rates each month. If your record is less than perfect, you should ask your insurance agent about “accident forgiveness” discounts to see if you can save money. For more serious violations, however, your rates might go up significantly – or your provider may refuse to cover you all together.

Driving Violations Legend: Perfect Record Minor Speeding Ticket DUI/Reckless Driving Major At-Fault Accident Allstate State Farm Liberty Mutual Amica Victoria 20 40 60 80 100 120 140 160 180 200 220 $64 $64 $92 $101 $66 $72 Do Not Sell $72 $70 $70 Do Not Sell $126 $72 $97 $236 $84 $92 $114 $123 $140

 

  • Your Vehicle

Confused about which vehicles are cheaper to insure than others? Well, so are most insurance companies. But one thing they are very clear on, however, is that more expensive vehicles (such as luxury cars) should be charged a higher premium than your typical, compact sedan. This sentiment is reflected in the chart below, where you can see that carrying auto insurance on a luxury vehicle is significantly more expensive than with your typical sedan.

Car Insurance by Make/Model Legend: 2015 Honda Accord 2012 Porche Boxster Spyder Allstate State Farm Liberty Mutual Amica Victoria 30 60 90 120 150 180 210 240 270 300 330 $64 $193 $66 $177 $70 $230 $72 $144 $92 $339

 

Minor Car Insurance Factors in Waterbury

Below are some additional factors which also have an influence on your rates:

  • Your Marital Status

For individual policies, marital status will only alter the cost of your policy by 2-3%, if at all. However, married couples can get big discounts by bundling their policies together. And if you have homeowner’s or renter’s insurance, you can save even more by bundling those, too.

  • Your Gender

No matter what sort of preconceived notions you may be harboring regarding gender and driving ability, the truth is that most insurance companies don’t know who is better at driving. That’s why some companies charge 2-3% more for males, and some charge less. Other progressive entities charge equal rates regardless of gender.

  • Your Driving Distance to Work

Your typical work commute can last anywhere from 19-30 minutes if you live and work in Waterbury. The amount of workers who carpool can vary from 7-21%, especially the further into the southeastern part of the city you get.

Most people believe that if you drive more miles on an annual basis, you’ll be charged more for your insurance rates. While some companies might charge more, others don’t. The biggest factor revolves around what you use your vehicle for. If your car, truck, or SUV is used as a business vehicle, expect to pay about 10-15% more per month in premiums.

  • Your Coverage and Deductibles

As is with most forms of insurance, the more coverage you purchase, the more you will pay in premiums each month. Also, keep in mind that higher deductibles will save you money on your monthly premium – however, it will be more expensive to get your vehicle fixed in the event of an accident.

  • Education in Waterbury, CT

Education is a great way to save money on your car insurance regardless of your job or salary; the higher your education, the higher your discounts on auto insurance will be. The largest segment of motorists in Waterbury has a high school diploma or equivalent. A slightly smaller group of drivers have yet to complete a high school education.

If you’re looking to acquire a bachelor’s degree in Waterbury, you have a couple of choices: Teikyo Post University, or the Waterbury campus of the University of Connecticut. While “U/Conn” provides degrees in General Studies, Teikyo Post instructs students in Liberal Arts, Business, or Equine Studies. For an associate’s degree, you can look into Naugatuck Valley Community Tech.

Finding affordable auto insurance can be a hassle. There’s a lot of information you need to consider, and figuring out how insurance companies evaluate your potential risk can be complicated. But don’t let the wrong insurance company talk you into purchasing the wrong policy.

How We Conducted Our Car Insurance Analysis

*We calculated our average rate based on the following metrics: a married, 34 year old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home. Miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.

Sources:

Connecticut Insurance Department

Connecticut Department of Banking – Financial Institutions Division

Department of Highway Safety and Motor Vehicles

City-Data.com

Census.gov

Affordable Rate, Quality Coverage – Compare Auto Insurance in Your Area Now.

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