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

Quick Facts

• In general, American National offers significantly cheaper prices than Chubb
• American National offers more affordable rates for policyholders who have a clean driving record, free of collisions, tickets, or DUIs
• Chubb may help you save more money -- they offer more discounts than American National Insurance Company

American National or Chubb: Which Company has the Cheapest Car Insurance?

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

You've maybe even narrowed your search down to American National or Chubb, but which carrier has less expensive prices for auto insurance?

Looking at nationwide averages, American National has average rates that are around 70% a month more affordable than those from Chubb.

That being said, that doesn't mean American National will necessarily be less expensive than Chubb for every single driver. After all, insurance carriers can offer drastically different rates to every driver depending on rating factors like your driving record, where you call home, your age, or even your credit score (among other things), so premiums will change quite a bit from person to person.

So, if you want to find out which of American National or Chubb is really the best for you, keep reading to see average prices for each company broken down by a variety of different rate factors.

American National vs. Chubb: Average Car Insurance Rates by State

American National and Chubb only compete against each other in two states, with American National offering cheaper premiums to the average driver in all of them. Pennsylvania has the most noticable difference, where American National rates are $213 more affordable than auto insurance prices at Chubb.

There's a lot more that goes into your car insurance payment than just your home state. Continue reading to see how other variables will affect your rates.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- usually pay a lot for insurance compared to older drivers. It's because teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

But that doesn't mean that teen drivers have to just accept sky-high car insurance rates. For example, 18-year-old drivers pay an average of almost 70% less per month by choosing American National over Chubb.

Even so, both companies will reduce premiums by the time drivers turn 25. For example, average rates for American National policyholders lower about $100 and Chubb's premiums decrease around $350 over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age normally enjoy some of the cheapest auto insurance prices you'll ever see. After all, they've likely been driving for quite some time, which generally lowers their chances of accidents and other infractions that can raise rates.

So, which carrier offers the best premiums to retired drivers? American National gets the edge here, with average prices coming in at about $66 a month compared to Chubb's $187.

Which is the Best Company for Married Drivers?

Did you know that car insurance premiums are typically more expensive for single policyholders than they are for married drivers? That's because policies for married couples normally cover more than one vehicle, which several carriers will give you a discount for.

For those who are single, the difference in average prices between these two companies is significant, with American National rates coming in at around a third of Chubb's. The advantage is also clear for married policyholders - American National offers the most affordable average premiums.

American National or Chubb: Average Rates by Gender

Men are statistically more likely than women to get pulled over for speeding or get into a collision. That means when it comes to auto insurance men will usually end up paying a little more.

With American National, women generally pay about $1 a month less than men, and around $11 less with Chubb.

Looking at the data for each company specifically, American National offers the lowest average prices for both men and women, with average rates $208 less for men and $198 cheaper for women.

American National 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.

For most people, 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 end up falling into two different types of coverage -- liability coverage (which covers the other party's injuries and property damage if you cause an accident) and full coverage (which includes collision and comprehensive coverages that protect your own car, in addition to what you get with liability coverage).

Looking specifically at state minimum liability limits, American National has the significant edge, with average monthly premiums coming in at $52. If you want a full coverage policy with the same state minimum limits, American National again has the edge, with policies averaging about $123 per month to Chubb's $412.

Is American National or Chubb Better for Drivers with Spotty Records?

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

At-fault collisions and speeding tickets will most likely raise your rates, but is American National or Chubb cheaper for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use American National for their auto insurance can typically expect their monthly bill to go up around 20% after getting a speeding ticket. Chubb policyholders can expect a less drastic increase of about 15%.

However, American National has less expensive prices for drivers in both categories -- their rates are around 70% more affordable for drivers with clean records and 68% less expensive for those with a ticket.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their insurance through American National can expect to see around an $28 -- or about 29% -- rise in their auto insurance rates. Drivers who use Chubb for their insurance will see a monthly bill around $67 (or 23%) more expensive after reporting a collision to their car insurance carrier.

At the end of the day, drivers who use American National end up with the cheaper prices after an accident, with average prices coming in at $95 compared to Chubb's $290.

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 -- normally a lot more than an accident or ticket. For example, Chubb increases average premiums 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 prices, American National tends to be cheaper for the average driver, with monthly premiums coming in at about $104 to Chubb's $389.

How does Credit Score Impact American National and Chubb Rates?

You may not have known, but your credit score can come into play when carriers determine your monthly bill. Certain states and companies do not allow for credit score to be used as a car insurance factor, but it will come into play for a lot of drivers.

Insurance carriers argue that those with good credit scores are more likely to pay their bills on time each month, which decreases the risk involved on their end, while the opposite is true for those with bad credit.

So, which company offers the best rates 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 National or Chubb Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a substantial impact on your monthly car insurance cost. Typically, the more milage you drive, the more you can expect to pay for auto insurance.

For both remote workers and those taking short commutes, American National tends to be the more affordable option. Chubb's average premiums for drivers with 6,000 annual miles come in around 71% more expensive than American National. Those who drive 12,000 miles annually can expect to pay about 69% more with Chubb over American National.

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

We've already mentioned how your home state can play a role in how much you pay for car insurance, but the type of area you live in can have a big impact as well. Generally, if you live in an urban area with more cars on the road, you'll pay a little more for insurance, while the opposite is true for people in rural areas.

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

In urban areas, American National's average premiums are around $104 while Chubb offers prices about $360. People in suburban areas pay around $85 with American National compared to Chubb's $260 per month. Those in rural areas can expect to pay about $73 monthly with American National compared to Chubb's $252.

American National vs. Chubb 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. That's where insurance discounts comes into play.

But where do you even start? With so many discounts out there, it may seem hard 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 American National and Chubb offer their customers so that you can find the company that has the most discounts and, therefore, the largest savings.

Looking at the total number of discounts, Chubb has a slight advantage when it comes to total number of discounts. American National offers a grand total of 14 discounts, while Chubb has 15.

A couple of those are overlapping for things like distant student discounts, discounts for getting driver training, and multi-policy discounts. Chubb also offers discounts for ABS, driver-vehicle combination, DRL, and more.

On the other hand, American National has a few proprietary discounts of their own for things like claim free discounts, COVID-19 relief discount, excess vehicle discounts, and more.

Final Thoughts: Is American National 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. That's all well and good, but at the end of the day, which insurance carrier is the right one for you and your specific profile and needs?

American National might be best for you if....

• You have less-than-stellar credit.
• You're looking for the best premiums on liability only coverage.
• You drive fewer than 6,000 miles yearly.

Chubb might be best for you if...

• You're looking for discounts -- Chubb has the most.

Hopefully, this guide has ben a valuable resource as you compare American National and Chubb. We also hope we've given you the information you need to make the best decision when it comes to your 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 a handful of carriers, not just American National and Chubb. Luckily, Compare.com does all the hard work for you. Simply enter your ZIP codes below and get free quotes from dozens of top auto insurance companies in your area, all in just a few minutes.

American National vs. Chubb FAQs

Is American National or Chubb cheaper?

American National is the cheaper of the two carriers when looking at national average rates, with policies averaging $87 per month with American National and $291 for Chubb. Even so, that doesn't mean American National will be the lowest company for everyone, since there are a bunch of different variables that are considered when it comes to your car insurance bill.

Who is better, American National or Chubb?

Sadly, the only answer we can give you is "it depends.". Neither carrier is "better" for everyone -- it all depends on what your unique insurance profile looks like.

Why do American National and Chubb offer me different rates?

Auto insurance companies use lots of different factors when determining the premiums they charge. Variables such as age, your driving record, where you call home, gender, and sometimes even things like your credit score can all be used. Both American National and Chubb calculate prices using different factors, so it's likely they'll offer different rates. The best way to determine which company is the cheapest for you is by comparing personalized quotes from a range of different carriers.

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

The only way to find the insurance carrier that's right for you is by getting quotes from several companies and finding the one best suited for your individual budget. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your area information and you'll get quotes from dozens of your local top car insurance carriers for free. With those, you can guarantee you're getting the lowest rate. And maybe you'll find that the best company for you isn't American National 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.