Cheap Insurance Stamford
Stamford is the third-largest city in Connecticut and, because of its proximity to NYC and the high concentration of large corporations in the city, it is the second-largest financial center in the area. While some of the city’s 122,000 residents commute into New York each day, many work in one of Stamford’s many high-rise office buildings. This means a lot of traffic congestion downtown, greatly impacting the average price for auto insurance in the state. We recommend taking a few minutes every quarter to look over the choices for cheap insurance Stamford has available. It is the best way to ensure you are always paying the lowest price and, in a city with a cost of living that is over 45% higher than the national average, saving money is a priority!
Factors that affect your insurance in Stamford:
- Public transportation: Stamford doesn’t have as many drivers on the roads each day as some other cities its size, partly because of the easy access to public transportation options. There are a number of commuter train and bus options. Those commuters who utilize either often see their auto insurance rates lowering.
- Crime: Stamford’s crime rate has been on the decline for a number of years, especially property crime (there were only 170 cars stolen in 2012). Violent crime has seen some peaks due to gang activity, but thefts remain the biggest factor affecting insurance rates.
- Traffic: There are more than 500,000 commuters on the roads each day, coming into Stamford from the surrounding cities, or out of Stamford towards NYC. This means there isn’t really a “reverse commute” option, so roads can get congested. Not only does this cause delays for residents, but it also increases the risk of accidents and raises the rates for liability coverage.