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

Quick Facts

• In general, American National offers significantly cheaper rates than Metlife
• American National tends to be a much less expensive option for policyholders who drive a short distance to work everyday
• Metlife offers more discounts than American National Insurance Company

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

Are you considering a new insurance policy? With so many ads from all sorts of companies offering large discounts, you're probably wondering exactly how much you might be able to save.

You've maybe even narrowed it down to American National or Metlife as potential options, but which carrier has more affordable prices for car insurance?

Looking at nationwide averages, American National has average rates that are about 75% per month less expensive than those from Metlife.

Even so, that doesn't mean American National will necessarily be more affordable than Metlife for each driver. Auto insurance companies use a variety of complex algorithms to calculate premiums, so depending on how old you are or where you live (among lots of other factors), you could see wildly different prices from the ones above.

So, if you want to find out which of American National or Metlife is really the best for you, keep reading to see average rates for each carrier broken down by a range of different rate factors.

American National or Metlife: Average Car Insurance Rates by State

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

That being said, there's a lot more that goes into your car insurance cost than just the state you live in. Continue reading to learn more about how other factors will affect your rates.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive insurance prices of any other group of drivers. That's usually because young, inexperienced drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

But still, even with seemingly sky-high rates, teen drivers can still find ways to save money. Just look at the table above -- where 18-year-old drivers who have American National for their car insurance pay more than $500 less than those who use Metlife.

However, both carriers will reduce premiums once you turn 25. Metlife offers the steepest decrease, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. That being said, American National still has the most affordable rates at $74 monthly.

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 cheapest premiums you'll ever see.

So, which company offers the best prices to retired drivers? American National gets the edge, with rates for drivers 65 and older $139 cheaper than the national average for Metlife.

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 policyholders. This usually boils down to married drivers having multiple cars on their policy -- something quite a few auto insurance companies will reward with discounts.

When it comes to relationship status, American National is the clear winner for those who are single, with premiums around $329 a month more affordable than Metlife, on average. For married couples, the advantage is clear again - American National has the edge when it comes to average prices.

American National vs. Metlife: Average Rates by Gender

Men are statistically more likely than women to get into accidents and file an insurance claim, which means they'll normally end up paying more for insurance than women.

On average, women see rates about $1 per month cheaper with American National, and nearly $30 cheaper with Metlife when compared to their male counterparts.

Looking at the data for each carrier specifically, American National offers the lowest average premiums for both men and women, with average rates 75% less for men and 73% cheaper for women.

American National or Metlife: 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 car insurance can be a complicated subject for most people. There are lots 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 that many drivers look at fall into two categories -- liability only (which provides bodily injury and property damage coverage for other drivers and passengers if you cause a collision) and full coverage (which includes comprehensive and collision coverages that protect your own vehicle, alongside liability coverage).

If you're looking for state minimum liability limits, American National typically offers significantly more affordable prices of $52 compared to Metlife's $215. When it comes to full coverage policies with similar limits, American National again has the edge, with policies around $350 a month less expensive than Metlife, on average.

Is American National or Metlife 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.

Collisions and tickets will most likely raise your prices, but is American National or Metlife more affordable for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

American National policyholders can expect their premiums to go up an average of $17 per month if they get a ticket, while Metlife generally raises rates about $59 a month, on average.

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

Which Company is Best for Drivers After an Accident?

American National drivers who get in an accident can expect to see their rates increase by just under 30%, while those who have insurance through Metlife will see around a 40% increase.

Overall, the less expensive premiums come from American National, with monthly rates averaging $95 compared to MetLife's $368.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge on your record, it's probably going to cost you more than a simple speeding ticket or even a collision. Metlife drivers usually see a 55% raise in their auto insurance premiums after a DUI charge, while American National will typically climb prices by about 36%.

How does Credit Score Impact American National and Metlife Rates?

You may not realized it, but your credit score can come into play when companies determine your monthly bill. Certain states and carriers 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 companies use is that drivers with bad credit will be less likely to pay their bills on time; so usually, they'll be asked to pay more, while those with good credit will be rewarded with cheaper premiums.

So, which company offers the best rates for policyholders 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 American National or Metlife 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 carriers 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 an accident and cause an insurance claim.

For both drivers who put 6,000 miles on their vehicles yearly, as well as those who average twice that figure, American National tends to be the more affordable option. Metlife's average prices for drivers with 6,000 annual miles come in over 75% more expensive than American National. Those who drive 12,000 miles each year can expect to pay just under 75% more with Metlife over American National.

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

Where you call home can play a pretty big role in how much you pay for auto insurance. Normally, those who live in rural areas will pay less than drivers in urban areas 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 prices for drivers in every type of area, no matter if it's urban, suburban, or rural.

Policyholders in rural ZIP codes see the lowest rates from both companies, but American National comes out on top with average premiums around $73 per month. American National also has less expensive average prices for drivers in urban and suburban ZIP codes -- a $285 and $248 per month respective difference when compared to Metlife policyholders in similar areas.

American National vs. Metlife Discounts

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

But where do you even start? With what seems like a million different discounts out there, it may be challenging to find all the ones you can take advantage of.

In the table below, we've compared all of the different discounts offered by American National and Metlife so that you can see which one can save you the most money each month.

Metlife blows American National away when it comes to the sheer amount of discounts available, offering 36 different discounts to American National's 14.

A couple of those are overlapping for things like discounts for being a defensive driver, discounts for being a good student, group discounts, and multi-policy discounts. Metlife also offers AAA discounts, ABS discounts, academic discounts, and more that American National does not.

On the flip side, American National has a couple unique discounts of its own -- claim free discounts, COVID-19 relief discount, discounts for getting driver training, and more.

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

So, you've seen how different variables can affect your insurance rates. We've broken down the different discounts each company offers, too. But, when it comes down to it, is American National or Metlife the best fit for you?

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

• You're single and purchasing auto insurance by yourself.
• Your neighborhood is in a city.
• You're married and plan to have both of your names on the vehicle's insurance policy.

Metlife might be best for you if...

• You value the experience that comes with a large national auto insurance carrier.
• You care about discounts (Metlife offers the most).

We hope this guide has ben a valuable resource as you compare American National and Metlife and that it aids in making a more informed decision about your car insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your insurance policy is to compare quotes from a handful of carriers, not just American National and Metlife. 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.

American National vs. Metlife FAQs

Is American National or Metlife cheaper?

Looking just at the national average prices, American National is the cheaper of the two carriers, offering average rates of $87 a month compared to $340 for Metlife. That being said, American National won't necessarily be the most affordable company for every policyholder, since there are many different factors that are considered when it comes to your auto insurance bill.

Who is better, American National or Metlife?

Unfortunately, the answer truly is "it depends.". No one carrier is necessarily "better" for everyone -- it all boils down to your unique car insurance profile.

Why do American National and Metlife offer me different rates?

Auto insurance companies take a look at many different variables when calculating the rates they charge drivers. Factors such as age, gender, where your home is, your driving record, and sometimes even things like your credit score can all come into play. Both American National and Metlife calculate premiums differently, so each one will most likely offer different rates. The only real way to see which company is the lowest for you is by comparing personalized quotes from several different carriers.

How do I know if American National or Metlife 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, Compare.com makes it easy for you to do just that. Just enter your area information and you'll get free quotes from dozens of the best auto insurance carriers in your area. With those, you can guarantee you're getting the best premium. And who knows, the best company for you might not be American National or Metlife 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.