AFR vs. Hallmark Financial: Which Company is the Best Fit for You?

Quick Facts

• Looking at the national averages for insurance, AFR offers significantly more affordable premiums than Hallmark Financial
• AFR offers more affordable prices for single people who will be the only person on the car insurance policy
• Hallmark Financial tends to be a much cheaper option for drivers with a DUI

AFR or Hallmark Financial: Which Company has the Cheapest Car Insurance?

So, you're thinking about switching to a new insurance policy. After all, you've seen ads from all sorts of companies offering big savings. But exactly how much can you save by switching?

You might have narrowed your search down to AFR or Hallmark Financial for your next policy, but between the two, which company has less expensive rates for auto insurance?

As you can see, Hallmark Financial has average rates that are around 35% a month more expensive than those from AFR when looking at the national average rates for insurance.

But that doesn't mean AFR will necessarily be cheaper than Hallmark Financial for every driver. Car insurance carriers vary their premiums depending on things like how clean your driving record is, how old you are, how good your credit score is, where you live, and a ton of other factors, so prices could vary drastically from person to person.

So, if you want to find out which of AFR or Hallmark Financial is really the best for you, keep reading to see average rates for each carrier broken down by a variety of different rate factors.

AFR vs. Hallmark Financial: Average Car Insurance Rates by State

AFR and Hallmark Financial only compete against each other in Oklahoma, where AFR offers the cheaper average premiums. Undefined drivers tend to pay about undefined per month less on average compared to drivers who use undefined for their insurance.

But there's more to calculating auto insurance prices than just where you live. Read on to learn more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive car insurance rates of any group out there on the road. The reason is that teen drivers are statistically much more likely to get into an accident that results in a car insurance claim, making them much riskier to insure.

But still, even with seemingly sky-high prices, teen drivers can still find ways to save money. Just look at the table above -- where 18-year-old drivers who have AFR for their auto insurance pay almost 60% less than those who use Hallmark Financial.

That being said, both companies will offer you dramatically lower premiums by the time you turn 25. For example, average rates for AFR policyholders decrease about $60 and Hallmark Financial's premiums drop around $300 over that time.

Which is the Best Company for Retired Drivers?

When it comes to insurance, patience and experience pay off, with drivers around retirement age paying some of the lowest prices you'll ever find.

So, which company offers the best rates to retired drivers? AFR gets the edge here, with average premiums coming in at about $124 per month compared to Hallmark Financial's $154.

Which is the Best Company for Married Drivers?

Did you know that car insurance prices are normally more affordable for married drivers than they are for single drivers? This usually boils down to married couples having more than one vehicle on their policy -- something a lot of auto insurance carriers will reward with discounts.

For those who are single, the difference in average premiums between these two companies is significant, with AFR rates coming in at around half of Hallmark Financial's. The advantage for married policyholders with AFR is also obvious, where drivers save nearly $30 a month.

AFR or Hallmark Financial: Average Rates by Gender

Men are statistically more likely than women to cause a collision and get into accidents, which means they'll usually end up paying more for insurance than women.

Usually, women see prices about $4 per month less expensive with AFR, and around $20 cheaper with Hallmark Financial when compared to their male counterparts.

When it comes to the most affordable premiums for each gender, AFR comes out on top for both men and women. On average, women save about $66 a month and men save about $82 with AFR compared to the average Hallmark Financial policyholder.

AFR vs. Hallmark Financial: Compare State Minimum vs. Full Coverage Rates

*State minimum value indicates liability-only policies at each state's minimum bodily injury and property damage (BI/PD) limits

**Full coverage indicates state minimum BI/PD limits with collision and comprehensive coverages added to policy.

For most people, auto insurance can be pretty complicated. There are so many different coverages and terms that it can make it pretty confusing to find the right policy for you.

Even so, the most common policies that drivers look at fall into two categories -- liability coverage (which provides bodily injury and property damage coverage for other drivers if you cause a collision) and full coverage (which includes collision and comprehensive coverages that protect your own car, alongside liability).

Looking specifically at state minimum liability limits, AFR has the significant edge, with average monthly prices coming in at $65. If you want a full coverage policy with the same state minimum limits, AFR again has the edge, with policies averaging around $209 per month to Hallmark Financial's $306.

Is AFR or Hallmark Financial Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from car insurance carriers offering great rates for good drivers, but that doesn't mean people with less-than-perfect driving records can't save money, too.

You'll probably end up paying more with speeding tickets and collisions on your record, but which of these two companies offers the cheapest premiums to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use AFR for their insurance can generally expect their monthly bill to go up about 26% after getting a speeding ticket. Hallmark Financial policyholders can expect a less drastic increase of around 7%.

However, AFR is typically the cheaper option for both drivers who have a recent ticket and those with clean records, offering rates that are $96 and $75 more affordable, respectively, compared to Hallmark Financial.

Which Company is Best for Drivers After an Accident?

Both carriers will raise prices pretty significantly if you get into an at-fault collision with Hallmark Financial increasing by about 15%. AFR has a less extreme increase, but you can still expect to pay 0% more than you were prior to your first accident.

At the end of the day, drivers who use AFR end up with the cheaper prices after an accident, with average rates coming in at $98 compared to Hallmark Financial's $229.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge, you can expect some pretty significant increases in your monthly auto insurance bill -- usually a lot more than an accident or speeding ticket. AFR drivers usually see a 55% increase in their insurance premiums after a DUI charge, while Hallmark Financial will typically raise prices by around 8%.

But if you end up with a DUI charge and are looking for more affordable rates, Hallmark Financial tends to be less expensive for the average driver, with monthly premiums coming in at about $212 to AFR's $220.

How does Credit Score Impact AFR and Hallmark Financial Rates?

Did you know many car insurance companies take into account your credit score when determining premiums? Certain states and carriers do not allow for credit score to be used as an insurance factor, but it might come into play for several drivers.

The reasoning auto insurance companies use is that policyholders with good credit will be more likely to pay their bills on time; so they'll reward them with cheaper prices, while those with poor credit will generally be forced to pay more.

So, which carrier offers the best rates for drivers with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is AFR or Hallmark Financial Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a sizable impact on how much car insurance carriers will charge for coverage. Normally, those who drive less will end up with cheaper premiums since there's less of a chance of causing a collision and filing an insurance claim.

In this case, neither AFR or Hallmark Financial report increasing prices for drivers with higher annual mileage figures. Even so, AFR comes out as the lowest for drivers at both intervals, whether they put 6,000 or 12,000 miles on their vehicle annually, with average rates of $137 a month for both.

AFR or Hallmark Financial: Compare Rates for Urban, Suburban, and Rural Drivers

Where your home is can have a large impact on your monthly insurance bill. Typically, policyholders who live in heavily-populated urban areas will pay quite a bit more than rural drivers since there are a lot more cars on the roads where they live.

When comparing these two companies side-by-side, AFR generally comes out as the most affordable option for drivers in every type of area, no matter if it's urban, suburban, or rural.

Those in rural areas can expect to save around 39% with AFR compared to Hallmark Financial. People who live in suburban areas pay about 39% less with AFR compared to Hallmark Financial. For policyholders in urban ZIP codes, AFR Insurance's average prices are around 28% less than Hallmark Financial.

AFR vs. Hallmark Financial Discounts

No matter why you might be in the market for a new car insurance policy, you're always going to want to save as much money as you can, and the best way to do that is by utilizing as many auto insurance discounts as possible.

But where do you even start? With so many discounts out there, it may seem difficult to find all the of the ones you're eligible for.

Luckily, we did the hard work for you and looked at all of the different discounts AFR and Hallmark Financial offer their customers so that you can find the carrier that has the most discounts and, therefore, the largest savings.

Looking at the total number of discounts, AFR has the advantage when it comes to total number of discounts. Hallmark Financial offers a grand total of four discounts, while AFR has nine.

There are a couple discounts both carriers offer, but AFR also offers discounts for driver training, good driving, good payer, and more.

On the other hand, Hallmark Financial has a few proprietary discounts of their own for things like education discounts, foreign license discounts, and passive restraint discounts.

Final Thoughts: Is AFR or Hallmark Financial Best for You?

So, we've broken down the average premiums for many of the variables insurance companies look at, and we've shown you all the discounts each company offers. That's all well and good, but when it comes down to it, which carrier is the right one for you and your specific profile and needs?

AFR might be best for you if....

• You've been pulled over for speeding recently.
• You're looking for the company with the most discounts.
• You want to save money while purchasing car insurance for a teenager.

Hallmark Financial might be best for you if...

• Your driving record includes a DUI charge.

Hopefully, this guide helps you get a good idea of the differences between AFR and Hallmark Financial. We also hope we've given you the information you need to make the best decision about your auto insurance.

At the end of the day, the best way to make sure you're getting the best deal on your insurance policy is to compare quotes from multiple carriers, not just AFR and Hallmark Financial. Luckily, sites like Compare.com do all the hard work for you. Just enter your ZIP code below and get multiple free quotes from some of the best car insurance companies in your area, all in just a few minutes.

AFR vs. Hallmark Financial FAQs

Is AFR or Hallmark Financial cheaper?

AFR is the more affordable of the two carriers when looking at national average rates, with policies averaging $137 per month with AFR and $211 for Hallmark Financial. That being said, that doesn't mean AFR will be the lowest carrier for every driver, since there are several different factors (things like driving record, age, gender, etc.) that play a role in how much you pay.

Who is better, AFR or Hallmark Financial?

Unfortunately, the answer truly is "it depends.". Neither company is "better" for each policyholder -- it all depends on the makeup of your unique auto insurance profile. For example, AFR is less expensive for drivers with excellent credit, while Hallmark Financial offers cheaper premiums for drivers with a recent DUI.

Why do AFR and Hallmark Financial offer me different rates?

Insurance companies use quite a few different variables when calculating the prices they charge. Factors such as gender, your driving record, age, where you live, and sometimes even things like your credit score can all come into play. Both AFR and Hallmark Financial calculate rates differently, so it's likely they'll offer different premiums. The best way to determine which carrier is the cheapest for you is by comparing personalized quotes from a bunch of different carriers.

How do I know if AFR or Hallmark Financial is right for me?

The only way to find the car insurance company that's right for you is by getting quotes from a handful of companies and finding the one best suited for your individual budget. Luckily, Compare.com makes it easy for you to do just that. Just enter your information once and you'll get quotes from dozens of your local top insurance carriers for free. That way, you can guarantee you're getting the best rate. And maybe you'll find that the best carrier for you isn't AFR or Hallmark Financial at all, but another you hadn't even thought of!

Methodology

All of the data referenced in this article has been gathered in collaboration with Quadrant Information Services. We analyzed more than 2.5 million rows of carrier-reported data to calculate the average rates referenced above. All rates are based on an insurance profile of a single-vehicle policy for a driver that owns a 2016 Honda Accord. For more information on how we calculate rates, please reference our data methodology.