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

Quick Facts

• In general, American National offers significantly less expensive premiums than Oregon Mutual
• American National tends to be a much more affordable option for drivers with a DUI
• Oregon Mutual may help you save more money -- they offer more discounts than American National Insurance Company

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

So, you're thinking about switching to a new insurance policy. After all, you've seen ads from all sorts of companies offering big savings. But exactly how much can you save by switching?

You might have narrowed it down to American National or Oregon Mutual for your next policy, but between the two, which carrier will offer you cheaper rates?

As you can see, American National is quite a bit cheaper than Oregon Mutual, with prices averaging $87 a month compared to $135 with Oregon Mutual when looking at the national average rates for insurance.

However, that doesn't mean American National will necessarily be more affordable than Oregon Mutual for every single driver. Auto insurance carriers vary their rates depending on things like how old you are, where you live, how clean your driving record is, how good your credit score is, and tons of other factors. So, at the end of the day, premiums from every carrier will differ quite a bit from person to person.

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

American National vs. Oregon Mutual: Average Car Insurance Rates by State

American National and Oregon Mutual only compete against each other in one states, with American National offering less expensive prices to the average driver in all of them. Idaho has the most noticable difference, where American National premiums are $41 more affordable than car insurance rates at Oregon Mutual.

There are plenty of other factors that go into your auto insurance bill than just your home state. Keep reading to find out more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- typically pay a lot for insurance compared to older drivers. It's because teen drivers are statistically much more likely to get into an accident that results in an auto insurance claim, making them much riskier to insure.

But still, even with seemingly sky-high premiums, 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 auto insurance pay almost 40% less than those who use Oregon Mutual.

Even so, with both companies, you'll see your prices drop significantly by the time you turn 25. For example, average premiums for American National policyholders reduce over 60% and Oregon Mutual's prices decrease nearly 70% over that time.

Which is the Best Company for Retired Drivers?

When it comes to insurance, patience and experience pay off, with drivers around retirement age paying some of the most affordable rates out there.

When looking at American National and Oregon Mutual specifically, which carrier is best for retired drivers? American National gets the edge, with prices for drivers 65 and older almost 35% less expensive than the national average for Oregon Mutual.

Which is the Best Company for Married Drivers?

Did you know that car insurance premiums are normally cheaper for married policyholders than they are for single policyholders? That's generally because married couples tend to own and insure several vehicles, which can often earn you a discount.

For those who are single, the difference in average rates between these two carriers is significant, with American National premiums coming in at a third less than Oregon Mutual's. For married drivers, the advantage is clear again - American National has the edge when it comes to average rates.

American National or Oregon Mutual: Average Rates by Gender

You may not know, but insurance is usually cheaper for women than it is for men. This is because men are statistically more likely than women to cause a collision and get into accidents, which leads to increased risk for insurers and, therefore, higher prices.

With American National, men normally pay around 1% more per month than women., and nearly 10% with Oregon Mutual.

Looking at the data for each company specifically, American National comes out as the cheapest option for both genders, with average premiums 38% less for men and 33% cheaper for women.

American National vs. Oregon Mutual: 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 limits that it can be hard to find the right policy for you.

The two most common policies end up falling into two different types of coverage -- liability coverage (that covers bodily injury and property damage for other drivers and their passengers if you cause a collision) and full coverage (which includes two additional coverages -- collision and comprehensive -- in addition to liability coverage).

Looking specifically at state minimum liability insurance, American National has the significant edge, with average monthly rates 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 a month to Oregon Mutual's $172.

Is American National or Oregon Mutual 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.

At-fault collisions and speeding tickets will most likely raise your prices, but is American National or Oregon Mutual less expensive for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use American National for their car insurance can generally expect their monthly bill to go up around 20% after getting a speeding ticket. Oregon Mutual policyholders can expect a less drastic increase of about 9%.

That being said, American National tends to offer the best prices for both drivers who have clean records and those with a recent ticket -- their rates are around 40% more affordable for drivers with clean records and 31% cheaper 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 premiums increase by just under $30, while those who have insurance through Oregon Mutual will see around a $20 increase.

At the end of the day, American National offers the most affordable prices for drivers with an at-fault collision on their records, with average rates coming in at $95 compared to Oregon Mutual's $133.

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. On average, Oregon Mutual will raise your prices about 35% after a DUI, while American National's average premiums climb by more than 35%.

But if you end up with a DUI charge and are looking for more affordable rates, American National tends to be more affordable for the average driver, with monthly premiums coming in at around $104 to Oregon Mutual's $171.

How does Credit Score Impact American National and Oregon Mutual Rates?

Did you know many insurance companies take into account your credit score when determining prices? This isn't true for everyone (Massachusetts, for example, has banned the use of credit score as a car insurance factor) but it will come into play for many policyholders.

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

Looking at American National and Oregon Mutual specifically, which company has the lowest rates for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have great credit, American National will typically reward you the most. For policyholders with "excellent" credit scores, American National comes in over 56.03 cheaper. Drivers with "good" credit scores usually save about 45% with American National compared to average premiums from Oregon Mutual.

Which Company is Best for Drivers with Bad Credit?

American National typically offers lower prices than Oregon Mutual when it comes to drivers with less-than-stellar credit. Drivers with "fair" credit pay around 34% per month less with American National compared to Oregon Mutual, and those with "poor" scores typically save an average of about 14% per month.

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

Did you know that the amount of time you spend in your car have a big impact on how much car insurance companies will charge for coverage? Usually, those who drive less will end up with less expensive premiums since there's less of a chance of causing an accident and filing an insurance claim.

For both remote workers and those taking short commutes, American National offers more affordable rates than Oregon Mutual. Oregon Mutual's average prices for drivers with 6,000 annual miles come in nearly $50 more expensive than American National. Those who drive 12,000 miles yearly can expect to pay $45 more with Oregon Mutual over American National.

American National or Oregon Mutual: 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 insurance, but the type of area you live in can have a considerable impact as well. Normally, those who live in rural areas will pay less than drivers in urban areas due to the small number of cars that are on the roads where they live.

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

In urban areas, American National's average prices are around $104 while Oregon Mutual offers premiums about $151. People in suburban areas pay around $85 with American National compared to Oregon Mutual's $138 a month. Those in rural areas can expect to pay about $73 monthly with American National compared to Oregon Mutual's $115.

American National vs. Oregon Mutual Discounts

No matter why you might be in the market for a new auto 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 insurance discounts as possible.

The difficult part is finding all of the discounts you're eligible for, since it can feel sometimes like every company 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 American National and Oregon Mutual so that you can find the one that has the most discounts and, therefore, the largest savings.

Overall, Oregon Mutual comes out ahead with 15 discounts to American National's 14.

A couple of those are overlapping for things like distant student discounts, discounts for getting driver training, and discounts for insuring multiple cars with the same company. Oregon Mutual also offers discounts for advance quote, csl discount, employee discount, 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 Oregon Mutual Best for You?

So, you've seen how different variables can affect your car insurance rates. We've broken down the different discounts each carrier offers, too. But, when it comes down to it, which company is the best company for you and your specific profile and needs?

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

• Your driving record contains an at-fault accident.
• Your home is located in the suburbs.
• You're of retirement age and want to take advantage of lower premiums.

Oregon Mutual might be best for you if...

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

Hopefully, this guide has ben a valuable resource as you compare American National and Oregon Mutual and that you can now make a more informed decision when it comes to your insurance.

At the end of the day, the best way to make sure you're getting the best deal on your auto insurance policy is to compare quotes from multiple carriers, not just American National and Oregon Mutual. Luckily, Compare.com makes it easy for you to do just that. Simply enter your ZIP code below and get free quotes from dozens of the top car insurance companies in your area, all in just a few minutes.

American National vs. Oregon Mutual FAQs

Is American National or Oregon Mutual cheaper?

American National is the cheaper of the two carriers when looking at national average prices, with policies averaging $87 a month with American National and $135 for Oregon Mutual. But that doesn't mean American National will be the cheapest carrier for every driver, since there are several different factors (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, American National or Oregon Mutual?

Sadly, the real answer is "it depends.". No one company is "better" for everyone -- it all comes down to what your unique insurance profile looks like.

Why do American National and Oregon Mutual offer me different rates?

Car insurance companies use several different variables when calculating the premiums they charge. Things such as gender, where you live, your driving record, age, and sometimes even things like your credit score can all be used. Both American National and Oregon Mutual use different formulas, so it's likely they'll offer different prices. The best way to determine which carrier is the most affordable for you is by comparing personalized quotes from a bunch of different carriers.

How do I know if American National or Oregon Mutual 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 companies 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 area information and you'll get quotes from dozens of your local top insurance carriers for free. That way, you can guarantee you're getting the lowest price. And maybe you'll find that the best carrier for you isn't American National or Oregon Mutual 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.