Allstate vs. Chubb: Which Company is the Best Fit for You?

Quick Facts

• Looking at the national averages for auto insurance, Allstate offers significantly less expensive premiums than Chubb
• Allstate has more affordable prices for policyholders whose driving record contains an at-fault collision
• Chubb has cheaper premiums in CA, NY, PA, TN, TX, WA, and WI

Allstate or Chubb: Which Company has the Cheapest Car Insurance?

So, you're thinking about switching to a new insurance policy. You've probably seen commercials and billboards from companies offering big savings, but exactly how much money can you save by switching?

You might be considering Allstate or Chubb as potential options, but which one will save you the most?

Looking at nationwide averages, Chubb is quite a bit more expensive than Allstate, with prices averaging $291 a month compared to just $199 with Allstate.

That being said, Allstate may not be the most affordable or best option for every driver out there. Car insurance carriers use all sorts of complex algorithms to determine rates, so depending on how old you are or where you live (among a wide array of other factors), you could see wildly different premiums from the ones above.

Luckily, we've broken down average rates from both Allstate and Chubb by multiple different rate factors, so read on to find out which carrier is the best for you.

Allstate vs. Chubb: Average Car Insurance Rates by State

Allstate and Chubb compete against each other in six states, with Allstate offering less expensive prices to the average driver in all of them. If you live in New York or Washington, Chubb is the cheaper of the two companies when looking at the overall average premiums. Allstate is the more affordable option in California, Pennsylvania, Tennessee, and Wisconsin.

But there's more to auto insurance than just where you live. As we mentioned above, there's a lot of things that go into how insurance carriers calculate your prices. Continue reading to learn more about how other variables will affect your rates.

Which is the Best Company For Young Drivers?

You might already know that teen drivers usually pay a lot more for auto insurance than any group on the road. It's generally because teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

However, that doesn't mean teen drivers can't still save money on their insurance. For example, 18-year-old drivers pay an average of almost 30% less per month by choosing Allstate over Chubb.

But with both companies, you'll see your rates reduce significantly once you turn 25. Chubb offers the steepest decrease, with 25-year-olds paying less than half what 18-year-old drivers are charged. That being said, Allstate still has the cheapest premiums at $167 a month.

Which is the Best Company for Retired Drivers?

Drivers around retirement age normally enjoy some of the lowest car insurance prices you'll ever find. After all, they've likely been driving for quite some time, which typically decreases their chances of collisions and other infractions that can raise rates.

When looking at Allstate and Chubb specifically, which company is best for retired drivers? Allstate gets the edge, with premiums for drivers 65 and older nearly 20% cheaper than the national average for Chubb.

Which is the Best Company for Married Drivers?

You may not be aware, but auto insurance prices tend to be more affordable for married policyholders than they are for those who are single. That's generally because married couples tend to own and insure several vehicles, which can often earn you a discount.

For single policyholders, the difference in average rates between these two carriers is significant, with Allstate premiums coming in at a third less than Chubb's. For married drivers, the advantage is clear again - Allstate has the edge when it comes to average prices.

Allstate or Chubb: Average Rates by Gender

Because women are less likely to get into collisions and get tickets, they are less likely to file a claim with insurance. So, women tend to pay less for car insurance than men.

With Allstate, men typically pay around 4% more a month than women., and about 4% with Chubb.

Looking at the data for each carrier specifically, Allstate comes out as the most affordable option for both genders, with average rates 31% less for men and 32% cheaper for women.

Allstate vs. Chubb: 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.

It's no secret that insurance can be pretty complicated. There are so many different coverages and limits that it can make it pretty confusing to find the right policy for you.

The two most common policies that drivers look at fall into two categories -- liability coverage (which covers the other party's property damage and injuries if you cause a collision) and full coverage (which usually refers to having collision and comprehensive coverages in addition to liability coverage).

Looking specifically at state minimum liability insurance, Allstate has the significant edge, with average monthly premiums coming in at $108. If you want a full coverage policy with the same state minimum limits, Allstate again has the edge, with policies averaging around $289 per month to Chubb's $412.

Is Allstate or Chubb Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their auto insurance. But that's not to say you can't save money if you don't have the best driving record, either.

It's no secret secret that speeding tickets and at-fault accidents lead to higher prices, but which company -- Allstate or Chubb -- has the cheapest rates for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Allstate for their insurance can normally expect their monthly bill to go up about 15% after getting a speeding ticket. Chubb policyholders can expect a less drastic increase of around 15%.

Even so, Allstate tends to offer the best prices for drivers both with a ticket and with a clean record. With Allstate, drivers with a clean record can save about $67 a month and drivers with a speeding ticket can save around $78 per month.

Which Company is Best for Drivers After an Accident?

Allstate drivers who get in an accident can expect to see their premiums climb by over 30%, while those who have insurance through Chubb will see about a 25% increase.

At the end of the day, drivers who use Allstate end up with the cheaper prices after an accident, with average prices coming in at $229 compared to Chubb's $290.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single accident or ticket when it comes to your car insurance bill. For example, Chubb increases average rates by more than $150 a month -- that's nearly a 45% increase.

But if you end up with a DUI charge and are looking for more affordable premiums, Allstate tends to be less expensive for the average driver, with monthly premiums coming in at around $227 to Chubb's $389.

How does Credit Score Impact Allstate and Chubb Rates?

Did you know many auto insurance companies take into account your credit score when determining prices? This isn't true for everyone (for example, Michigan and California are two states that ban the practice entirely), but it does affect quite a few policyholders out there.

Insurance carriers argue that those with poor credit scores are less likely to pay their bills on time every month, which raises the risk involved on their end, while the opposite is true for those with good credit.

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

Which Company is Best for Drivers with Good Credit?

If you have a solid credit score, Allstate will usually reward you the most. For policyholders with "excellent" credit scores, Allstate comes in more than 11.59 more affordable. Drivers with "good" credit scores generally save about 13% with Allstate compared to average prices from Chubb.

Which Company is Best for Drivers with Bad Credit?

Allstate typically offers lower premiums than Chubb when it comes to drivers with a below average credit score. Drivers with "fair" credit pay around 11% per month less with Allstate compared to Chubb, and those with "poor" scores typically save an average of about 51% monthly.

Is Allstate or Chubb Better for Drivers who Work from Home or Have Short Commutes?

The amount of time you spend behind the wheel of your car plays a big role in how much car insurance companies will charge for coverage. That's because the fewer miles you put on your car each year, the less likely you are to be in a collision and file an insurance claim.

For both remote workers and those taking short commutes, Allstate tends to be the less expensive option. Allstate's average rates for drivers with 6,000 annual miles come in over 30% cheaper than Chubb. Those who drive 12,000 miles each year can expect to pay more than 30% less with Allstate over Chubb.

Allstate or Chubb: Compare Rates for Urban, Suburban, and Rural Drivers

Where you call home can play a large role in how much you pay for auto insurance. Normally, those who live in urban areas will pay more than drivers in rural areas since there are a lot more vehicles on the roads where they live.

Allstate boasts the cheapest average rates for drivers in all types of areas, no matter if they're urban, suburban, or rural.

For policyholders in urban ZIP codes, Allstate's average premiums are around 38% less than Chubb. People who live in suburban areas pay about 23% less with Allstate compared to Chubb. Those in rural areas can expect to save around 31% with Allstate compared to Chubb.

Allstate vs. Chubb Discounts

No matter why you might be in the market for a new 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 taking advantage of as many car insurance discounts as possible.

The difficult part is finding all of the discounts you're eligible for, since it can feel sometimes like every carrier has different discounts and each one is advertised differently.

Luckily, we did the hard work for you and broke down all of the different discounts offered by both Allstate and Chubb so that you can see which company offers the most discounts and see which ones you might be able to take advantage of.

Allstate knocks Chubb out of the park when it comes to the sheer number of discounts available, offering 25 more discounts than Chubb.

Both carriers offer a lot of the same discounts -- like anti-theft discounts, distant student discounts, discounts for getting driver training, and mature driver discounts -- but Allstate also offers discounts for advance quote, agency transfer, alert driving, and more.

On the other hand, Chubb has a few proprietary discounts of their own for things like driver-vehicle combination discounts, vehicle ownership discounts, and youthful longevity discounts.

Final Thoughts: Is Allstate or Chubb Best for You?

So, you've seen how different factors can affect your auto insurance rates. We've broken down the different discounts each company offers, too. But, at the end of the day, which carrier is the right carrier for you, your vehicle, and your wallet?

Allstate might be best for you if....

• Your driving record includes a DUI charge.
• You have below-average credit.
• You don't spend much time in your car.

Chubb might be best for you if...

• You're looking for the best rates in CA, NY, PA, TN, TX, WA, and WI.

Hopefully, this guide helps you get a good idea of the differences between Allstate and Chubb and that you can now make a more informed decision when it comes to your insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your car insurance policy is to compare quotes from multiple companies, not just Allstate and Chubb. Luckily, Compare.com makes it easy for you to do just that. Simply enter your ZIP codes below and get multiple quotes from some of the best auto insurance carriers in your area, all for free.

Allstate vs. Chubb FAQs

Is Allstate or Chubb cheaper?

Allstate is the more affordable of the two companies when looking at national average premiums, with policies averaging $199 a month with Allstate and $291 for Chubb. That being said, that doesn't mean Allstate will be the lowest company for every policyholder, since there are a variety of different variables that come into play when it comes to your insurance payment.

Who is better, Allstate or Chubb?

Unfortunately, the only answer we can give you is "it depends.". Neither carrier is "better" for each policyholder -- it all boils down to your unique car insurance profile.

Why do Allstate and Chubb offer me different rates?

Auto insurance carriers use lots of different factors when calculating the prices they charge. Things such as age, where you park your car, your driving record, gender, and sometimes even things like your credit score can all come into play. Both Allstate and Chubb calculate premiums using different variables, so it's likely they'll offer different prices. The best way to determine which company is the most affordable for you is by comparing personalized quotes from a bunch of different companies.

How do I know if Allstate or Chubb is right for me?

The only way to find the insurance carrier that's right for you is by getting quotes from a handful of carriers and finding the one best suited for your individual budget. Luckily, sites like Compare.com do all the hard work for you. Just enter your ZIP code and you'll get quotes from dozens of your local top car insurance companies for free. That way, you can guarantee you're getting the best price. And maybe you'll find that the best company for you isn't Allstate or Chubb 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.