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

Quick Facts

• Looking at the national averages for car insurance, American National offers significantly more affordable prices than Imt
• American National tends to be a much less expensive option for drivers with a DUI charge on their record
• American National offers cheaper average premiums for drivers who have received a ticket within the last few years

American National vs. Imt: Which Company has the Cheapest Car Insurance?

Are you considering a new insurance policy? You've probably seen commercials and billboards from companies offering large discounts, but exactly how much money can you save by switching?

You might have narrowed it down to American National or Imt as your top options, but between the two, which carrier has more affordable rates for insurance?

Looking at nationwide averages, Imt has average rates that are about 20% per month more expensive than those from American National.

Even so, American National may not be the most affordable or best option for each driver out there. Auto insurance companies vary their prices depending on things like how clean your driving record is, where you live, how old you are, how good your credit score is, and a ton of other factors, so premiums will change quite a bit from person to person.

Wanting to know if American National or Imt is really the right company for you? Keep on reading to see how average prices can change based on all of the factors we've mentioned above.

American National or Imt: Average Car Insurance Rates by State

American National and Imt only compete against each other in one states, with American National offering less expensive rates to the average driver in all of them. Nebraska has the most noticable difference, where American National premiums are over 70% cheaper than insurance rates at Imt.

But there's more to calculating car insurance premiums than just the state you live in. Continue reading to see how other factors will affect your rates.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive auto insurance prices of any other group of drivers. That's because young, inexperienced drivers are statistically much more likely to get into an accident that results in an insurance claim, making them much riskier to insure.

But that doesn't mean that teen drivers have to just accept sky-high insurance premiums. Just look at the table above -- where 18-year-old drivers who have American National for their car insurance pay $4 less than those who use Imt.

However, both carriers will lower rates by the time drivers turn 25. For example, average prices for American National policyholders drop more than 60% and Imt's premiums decrease over 45% over that time.

Which is the Best Company for Retired Drivers?

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

But who has the best rates for retired drivers between American National and Imt? American National gets the edge, with premiums for drivers 65 and older $16 more affordable than the national average for Imt.

Which is the Best Company for Married Drivers?

You may not be aware, but car insurance prices tend to be more expensive for single policyholders than they are for married drivers. That's because policies for married policyholders typically cover several cars, which quite a few companies will offer you a discount for.

When it comes to relationship status, American National is the clear winner for single drivers, with rates around $19 a month cheaper than Imt, on average. The advantage for married couples with American National is also obvious, where drivers save about $25 per month.

American National vs. Imt: Average Rates by Gender

Did you know women generally pay less for insurance than men? This is because men are more likely to get tickets and get into accidents, which raises the chances of an insurance claim.

Women normally pay around 1% a month less than men with American National, and about 10% less with Imt.

When it comes to the cheapest premiums for each gender, American National offers the most affordable average rates for both men and women, with average prices $27 less for men and $16 cheaper for women.

American National or Imt: 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.

Car insurance isn't the easiest topic to understand. There are a bunch of different coverages that account for a variety of different things. Some protect you and your vehicle, while others only provide coverage for other people's property and health if you cause an accident.

That being said, most policies end up falling into two different types of coverage -- liability only (which provides property damage and bodily injury coverage for other drivers and their passengers if you cause a collision) and full coverage (which includes comprehensive and collision coverages that protect your own vehicle, alongside what you get with a liability policy).

If you're looking for state minimum liability insurance, American National usually offers less expensive rates of $52 compared to Imt's $58. When it comes to full coverage policies with similar limits, American National again has the edge, with policies around $35 per month cheaper than Imt, on average.

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

It's no big secret that drivers who are accident-free get better deals on their insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

It's no secret secret that accidents and tickets lead to higher prices, but which carrier -- American National or Imt -- has the lowest premiums for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

American National policyholders can expect their rates to go up an average of $17 a month if they get a ticket, while Imt normally raises prices about $13 per month, on average.

Even so, American National is usually the less expensive option for both drivers who have clean records and those with a recent speeding ticket. Drivers with a clean record can save around $9 a month and drivers with a ticket can save about $5 per month with American National Insurance Company.

Which Company is Best for Drivers After an Accident?

American National drivers who get in an accident can expect to see their premiums increase by just under 30%, while those who have insurance through Imt will see around a 45% increase.

Overall, drivers who use American National end up with the cheaper prices after an accident, with monthly rates averaging $95 compared to IMT Insurance's $134.

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 speeding ticket when it comes to your auto insurance bill. For example, Imt increases average prices by just under $60 a month -- that's just under a 45% increase.

If you have a DUI on your record and are looking for more affordable premiums, American National tends to be the much more affordable option with average prices of $104 per month compared to $135 from Imt.

How does Credit Score Impact American National and Imt Rates?

Did you know that many car insurance carriers take into account your credit score when calculating rates? Certain states and companies do not allow for credit score to be used as a rating factor, but it might come into play for a lot of policyholders.

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

So, which company offers the best rates for policyholders with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

If you have a solid credit score, you'll usually find a better deal with American National. Drivers with "excellent" credit can save over 40% compared to Imt, and those with "good" scores can also expect to see savings -- about $36 or 35% cheaper each month.

Which Company is Best for Drivers with Bad Credit?

If you have less-than-stellar credit, it can be somewhat of a toss-up as far as which company offers you the best premiums. Drivers with "fair" credit pay around $22 less with American National than Imt, but those whose credit is considered "poor" have it flipped -- saving about $7 per month with Imt.

Is American National or Imt Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a pretty big impact on how much auto 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 get into a collision and cause an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Imt charges. However, there's a small difference in monthly prices for American National, with policyholders who drive the least paying around $9 less every month compared to those who drive 12,000 miles yearly. Still, American National is the less expensive option for drivers in both categories.

American National vs. Imt: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can have a sizable impact on your monthly car insurance payment. Typically, policyholders who live in less densely populated rural areas will pay quite a bit less than urban drivers because there are a lot fewer vehicles on the road in those areas, which decreases the chances of an accident.

American National boasts the most affordable average premiums for drivers in every type of area, no matter if it's urban, suburban, or rural.

Policyholders in rural ZIP codes see the cheapest rates from both carriers, but American National comes out on top with average prices about $73 monthly. American National also has more affordable average premiums for drivers in urban and suburban ZIP codes -- a $32 and $15 a month respective difference when compared to Imt policyholders in similar areas.

American National vs. Imt Discounts

Regardless of why you might be in the market for a new insurance policy, you're always going to want to save as much money as possible, and the best way to do that is by utilizing as many auto insurance discounts as you can.

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

In the table below, we've taken a look at all of the different discounts American National and Imt offer their customers so that you can easily see which company offers the most discounts and, therefore, the biggest savings.

Overall, American National has the advantage when it comes to total number of discounts. Imt offers a grand total of nine discounts, while American National has 14.

Both companies offer lots of the same discounts -- like discounts for being a defensive driver, distant student discounts, and discounts for being a good student -- but American National also offers anti-theft discounts, claim free discounts, COVID-19 relief discount, and more that Imt does not.

On the flip side, Imt has a couple unique discounts of its own -- commercial product discounts, minor child discounts, and paid in full discounts.

Final Thoughts: Is American National or Imt Best for You?

So, we've broken down the average prices for many of the variables insurance carriers 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, is American National or Imt the best one for you and your specific driver profile?

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

• You don't have any speeding tickets, DUIs, or at-fault collisions on your record.
• You live in an suburban area.
• You're buying car insurance for a teen and looking for a wallet-friendly option.

Imt might be best for you if...

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

We hope this guide helps you get a better idea of the difference between American National and Imt. We also hope we've given you the information you need to make the best decision when it comes to 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 National and Imt. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code below and get multiple free quotes from some of the best auto insurance carriers in your area, all in just a few minutes.

American National vs. Imt FAQs

Is American National or Imt cheaper?

Looking just at the national average rates, American National is the cheaper of the two companies, offering average rates of $87 per month compared to $109 for Imt. However, American National won't necessarily be the lowest carrier for each driver, since there are lots of different factors (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, American National or Imt?

Unfortunately, the real answer is "it depends.". No one company is "better" for every driver -- it all boils down to your unique insurance profile. For example, American National offers less expensive premiums for drivers with an at-fault collision on their record, while Imt is more affordable for drivers who have less-than-stellar credit scores.

Why do American National and Imt offer me different rates?

Auto insurance carriers take a look at lots of different variables when determining the prices they charge policyholders. Factors like where you park your car, where you call home, age, gender, and sometimes even things like your credit score can all be taken into consideration. Both American National and Imt calculate rates using different formulas, so each one will most likely offer different premiums. The only real way to see which carrier is the cheapest for you is by comparing personalized quotes from several different companies.

How do I know if American National or Imt 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 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 free quotes from dozens of the best insurance companies in your area. That way, you can guarantee you're getting the best rate. And who knows, the best carrier for you might not be American National or Imt at all!

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.