American Access Casualty Company vs. Depositors: Which Company is the Best Fit for You?

Quick Facts

• Looking at the national averages for car insurance, Depositors offers significantly less expensive rates than American Access Casualty Company
• Depositors tends to be a much more affordable option for drivers who have below-average credit
• Depositors offers cheaper average premiums for drivers who have a speeding ticket on their driving record

American Access Casualty Company or Depositors: Which Company has the Cheapest Car Insurance?

Are you considering a new insurance policy? After all, you've seen ads from all sorts of companies offering pretty big savings. But exactly how much can you save by switching?

You've maybe even narrowed it down to American Access Casualty Company or Depositors for your next policy, but between the two, which one will save you the most?

Looking at the national average rates for both carriers, Depositors has average rates that are around 45% a month more affordable than those from American Access Casualty Company.

However, that doesn't necessarily mean Depositors will be the cheaper option for every driver. After all, auto insurance companies can offer drastically different rates to every driver depending on rating factors like where you call home, your credit score, your age, or even your driving record (among other things). So, at the end of the day, prices from each company will differ quite a bit from person to person.

Wanting to know if American Access Casualty Company or Depositors is really the right carrier for you? Keep on reading to see how average rates can change based on all of the factors we've mentioned above.

American Access Casualty Company vs. Depositors: Average Car Insurance Rates by State

American Access Casualty Company and Depositors only compete against each other in Nevada, where Depositors offers the cheaper average prices. Depositors drivers tend to pay about $108 per month less on average compared to drivers who use American Access Casualty Company for their insurance.

But there's more to calculating car insurance premiums than just your home state. Read on to find out more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers typically pay a lot more for auto insurance than any group on the road. Generally, that's because teen drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

That being said, that doesn't mean that teen drivers have to just accept sky-high insurance rates. As you can see above, teens who use Depositors save over 60% a month compared to those who use American Access Casualty Company.

Even so, both carriers will offer you dramatically lower prices once you turn 25. Depositors offers the steepest reduction, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. American Access Casualty Company's average rates decrease almost 70% during that same period.

Which is the Best Company for Retired Drivers?

Drivers around retirement age normally enjoy some of the lowest car insurance premiums out there. After all, they've likely been driving for quite some time, which usually reduces their chances of collisions and other infractions that can raise rates.

So, which company offers the best prices to retired drivers? Depositors gets the edge, with premiums for drivers 65 and older nearly 45% less expensive than the national average for American Access Casualty Company.

Which is the Best Company for Married Drivers?

Did you know that insurance prices are typically more affordable for married policyholders than they are for single policyholders? That's because policies for married couples usually cover several vehicles, which lots of companies will give you a discount for.

For those who are single, the difference in average premiums between these two carriers is significant, with Depositors rates coming in at about half of American Access Casualty Company's. The advantage for married drivers with Depositors is also obvious, where drivers save more than 40% per month.

American Access Casualty Company or Depositors: Average Rates by Gender

Because women are less likely to get into collisions and get tickets, they run a lower risk of filing a claim with insurance. So, insurance companies will tend to charge women less than men.

On average, men see prices almost 10% a month higher with American Access Casualty Company, and around 6% more with Depositors.

Looking at overall affordability, Depositors comes out as the most affordable option for both genders, with average premiums 48% less for men and 46% cheaper for women.

American Access Casualty Company vs. Depositors: 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 auto insurance can be pretty complicated. Everyone needs car insurance, but there are so many different coverages and terms that it can be hard to find the right policy for you.

But the most common policies that drivers look at fall into two categories -- liability coverage (that covers bodily injury and property damage for other drivers and passengers if you cause a collision) and full coverage (which generally refers to having collision and comprehensive coverages in addition to liability).

Looking specifically at state minimum liability insurance, Depositors has the significant edge, with average monthly rates coming in at $84. If you want a full coverage policy with the same state minimum limits, Depositors again has the edge, with policies averaging about $211 per month to American Access Casualty Company's $359.

Is American Access Casualty Company or Depositors Better for Drivers with Spotty Records?

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

At-fault accidents and speeding tickets will most likely raise your rates, but is American Access Casualty Company or Depositors less expensive for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use American Access Casualty Company for their car insurance can normally expect their monthly bill to go up around 9% after getting a speeding ticket. Depositors policyholders can expect a bit more drastic of an increase of about 18%.

That being said, Depositors has cheaper prices for drivers in both categories, offering premiums that are 55% and 50% more affordable, respectively, compared to American Access Casualty Company.

Which Company is Best for Drivers After an Accident?

American Access Casualty Company drivers who get in an accident can expect to see their prices climb by just under 30%, while those who have insurance through Depositors will see around a 30% increase.

At the end of the day, Depositors offers the cheapest rates for drivers with an at-fault collision on their records, with average premiums coming in at $157 compared to American Access Casualty Company's $332.

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 auto insurance bill. On average, Depositors will raise your prices about 46% after a DUI, while American Access Casualty Company's average rates rise by nearly 20%.

But if you end up with a DUI charge and are looking for more affordable premiums, Depositors tends to be less expensive for the average driver, with monthly premiums coming in at around $198 to American Access Casualty Company's $288.

How does Credit Score Impact American Access Casualty Company and Depositors Rates?

Did you know many car insurance companies take into account your credit score when determining prices? This isn't true for everyone (for example, Massachusetts and Hawaii are two states that ban the practice entirely), but it might come into play for a lot of policyholders.

The reasoning insurance carriers use is that drivers with bad credit will be less likely to pay their bills on time; so typically, they'll be asked to pay more, while those with good credit will be rewarded with cheaper rates.

So, which carrier offers the best prices for policyholders with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is American Access Casualty Company or Depositors 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 auto insurance companies will charge for coverage. Generally, those who drive fewer miles will end up with more affordable premiums since there's less of a chance of causing a collision and filing an insurance claim.

In this case, neither American Access Casualty Company or Depositors report increasing rates for drivers with higher annual mileage figures. Even so, Depositors comes out as the lowest for drivers at both intervals, whether they put 6,000 or 12,000 miles on their car every year, with average prices of $148 a month for both.

American Access Casualty Company or Depositors: Compare Rates for Urban, Suburban, and Rural Drivers

Where you call home can play a substantial role in how much you pay for insurance. Normally, drivers who live in heavily-populated urban areas will pay quite a bit more than rural policyholders since there are a lot more vehicles on the road where they live, which increases the chances of an accident.

Depositors boasts the cheapest average premiums for drivers in all areas, regardless of if they're urban, suburban, or rural.

For drivers in urban ZIP codes, Depositors Insurance Company's average rates are about 58% less than American Access Casualty Company. People who live in suburban areas pay around 4% less with Depositors compared to American Access Casualty Company. Those in rural areas can expect to save about 54% with Depositors compared to American Access Casualty Company.

American Access Casualty Company vs. Depositors Discounts

You want to save as much money as you can, right? The best way to do that is by utilizing as many auto insurance discounts as possible.

But where do you even start? With what seems like a million different discounts out there, it may be difficult to find all the ones you're eligible for.

Luckily, we did the hard work for you and compared all of the different discounts offered by American Access Casualty Company and Depositors so that you can see which carrier can save you the most money each month.

Depositors knocks American Access Casualty Company out of the park when it comes to the sheer number of discounts available, offering 11 more discounts than American Access Casualty Company.

A couple of those are overlapping for things like discounts for being a defensive driver, discounts for insuring multiple cars with the same company, and passive restraint discounts. Depositors also offers discounts for advance quote, COVID-19 relief, distant student, and more.

On the other hand, American Access Casualty Company has a few proprietary discounts of their own like prior insurance discounts and renewal discounts.

Final Thoughts: Is American Access Casualty Company or Depositors Best for You?

So, we've broken down the average prices for many of the variables car insurance carriers look at, and walked through the different discounts each carrier offers, too. That's all well and good, but when it comes down to it, which insurance company is the right company for you, your vehicle, and your wallet?

Depositors might be best for you if....

• You have a speeding ticket on your driving record.
• Your neighborhood is in a city.
• You and your spouse are buying insurance together.

American Access Casualty Company might be best for you if...

• You have a more unique driver profile than those we mentioned above.

Hopefully, this guide helps you get a good idea of the differences between American Access Casualty Company and Depositors and that it aids in making a more informed decision about your auto insurance.

But, at the end of the day, there's only one way to know for sure that you're getting the best possible deal on car insurance -- comparing quotes from multiple companies, not just American Access Casualty Company and Depositors. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your ZIP code below and get free quotes from dozens of the top auto insurance carriers in your area, all in just a few minutes.

American Access Casualty Company vs. Depositors FAQs

Is American Access Casualty Company or Depositors cheaper?

Depositors is the less expensive of the two companies when looking at national average premiums, with policies averaging $148 per month with Depositors and $279 for American Access Casualty Company. However, that doesn't mean Depositors will be the most affordable carrier for each policyholder, since there are a bunch of different factors (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, American Access Casualty Company or Depositors?

Sadly, the answer truly is "it depends.". No one company is necessarily "better" for every policyholder -- it all depends on what your unique car insurance profile looks like.

Why do American Access Casualty Company and Depositors offer me different rates?

Insurance carriers use many different variables when calculating the prices they charge. Things such as your driving record, gender, age, where you live, and sometimes even things like your credit score can all be taken into consideration. Both American Access Casualty Company and Depositors use different formulas, so it's likely they'll offer different premiums. The best way to determine which carrier is the lowest for you is by comparing personalized quotes from a range of different companies.

How do I know if American Access Casualty Company or Depositors is right for me?

The only way to find the auto insurance company 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, Compare.com makes it easy for you to do just that. Just enter your area information and you'll get quotes from dozens of your local top insurance companies for free. That way, you can guarantee you're getting the cheapest price. And maybe you'll find that the best carrier for you isn't American Access Casualty Company or Depositors 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.