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

Quick Facts

• Based on national averages for insurance, American Select offers significantly cheaper prices than Chubb
• American Select has less expensive premiums for policyholders who live in rural neighborhoods
• American Select offers more affordable average prices for policyholders who drive fewer than 12,000 miles annually

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

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

You might have narrowed your search down to American Select or Chubb, but between the two, which company has less expensive rates for car insurance?

Looking at the national average rates for both carriers, Chubb has average rates that are around 40% a month more expensive than those from American Select.

That being said, that doesn't necessarily mean American Select will be the cheaper option for every single driver. Insurance companies vary their premiums depending on things like how old you are, how clean your driving record is, where you live, how good your credit score is, and a ton of other factors, so rates will differ quite a bit from person to person.

So, if you want to find out which of American Select 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 Select vs. Chubb: Average Car Insurance Rates by State

American Select and Chubb only compete against each other in two states, with American Select offering more affordable premiums to the average driver in all of them. Pennsylvania has the most noticable difference, where American Select prices are $166 cheaper than auto insurance rates at Chubb.

But there's more to insurance than just the state you live in. As we mentioned above, there's a lot of things that go into how car insurance carriers determine your premiums. Read on to learn more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive auto insurance rates of any group on the road. It's normally 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 insurance premiums. As you can see above, teens who use American Select save over 50% per month compared to those who use Chubb.

However, both companies will decrease prices by the time drivers turn 25. For example, average rates for American Select policyholders reduce about $150 and Chubb's premiums drop almost $350 over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll generally enjoy the most affordable car insurance prices you can find. You've been on the road for years, and all that experience pays off when it comes to your monthly rates for auto insurance.

So, which carrier offers the best prices to retired drivers? American Select gets the edge here, with average premiums coming in at around $136 per month compared to Chubb's $187.

Which is the Best Company for Married Drivers?

Single drivers tend to get offered slightly more expensive car insurance prices than married drivers. This usually boils down to married policyholders having multiple vehicles on their policy -- something many insurance carriers will reward with discounts.

For single policyholders, the difference in average rates between these two companies is significant, with American Select premiums coming in at about half of Chubb's. The advantage for married couples with American Select is also obvious, where drivers save around $85 a month.

American Select or Chubb: Average Rates by Gender

Because women are less likely to get into accidents and get tickets, they have a decreased chance of filing a claim with insurance. So, women typically pay less for auto insurance than men.

Men usually pay about $1 per month more than women with American Select, and around $10 with Chubb.

When it comes to the cheapest prices for each gender, American Select comes out on top for both men and women. On average, male drivers save about $125 a month and women save about $115 with American Select compared to the average Chubb policyholder.

American Select 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.

Insurance isn't the easiest topic to understand. 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 (which covers the other party's property damage and injuries 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 limits for liability insurance, American Select has the significant edge, with average monthly rates coming in at $90. If you want a full coverage policy with the same state minimum limits, American Select again has the edge, with policies averaging around $251 per month to Chubb's $412.

Is American Select or Chubb 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 premiums, but is American Select or Chubb more affordable for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use American Select for their car insurance can typically expect their monthly bill to go up about 21% after getting a speeding ticket. Chubb policyholders can expect a less drastic increase of around 15%.

Even so, American Select is generally the less expensive option for both drivers who have a recent ticket and those with clean records -- their rates are around 48% cheaper for drivers with clean records and 43% more affordable for those with a ticket.

Which Company is Best for Drivers After an Accident?

Both carriers will raise rates pretty significantly if you get into an at-fault collision with Chubb increasing by about 23%. American Select has a less extreme climb, but you can still expect to pay more than 25% more than you were prior to your first accident.

At the end of the day, the less expensive prices come from American Select, with average premiums coming in at $158 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 insurance bill -- usually a lot more than an accident or speeding ticket. Chubb drivers usually see a 43% increase in their auto insurance prices after a DUI charge, while American Select will normally raise rates by around 55%.

But if you end up with a DUI charge and are looking for more affordable premiums, American Select tends to be cheaper for the average driver, with monthly premiums coming in at about $258 to Chubb's $389.

How does Credit Score Impact American Select and Chubb Rates?

Often times, your credit score can come into play when companies calculate your monthly bill. Certain states and carriers do not allow for credit score to be used as a car insurance factor, but it might come into play for lots of drivers.

Insurance companies argue that those with good credit scores are more likely to pay their bills on time every month, which lowers 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 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 Select or Chubb 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 substantial impact on your monthly car insurance bill? That's because the fewer miles you drive, the less likely you are to be in a collision and file an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much American Select charges. However, there's a small difference in monthly prices for Chubb, with policyholders who drive the least paying around $10 less each month compared to those who drive 12,000 miles every year. Still, for drivers in both categories, American Select is the less expensive carrier.

American Select 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 auto insurance, but the type of area you live in can have a pretty big impact as well. Typically, those who live in urban areas will pay more than drivers in rural areas since there are a lot more cars on the road where they live, which increases the chances of an accident.

American Select tends to offer the cheapest rates for drivers in every type of area, no matter if it's urban, suburban, or rural.

Those in rural areas can expect to save about 38% with American Select compared to Chubb. People who live in suburban areas pay around 42% less with American Select compared to Chubb. For policyholders in urban ZIP codes, American Select Insurance Company's average premiums are about 43% less than Chubb.

American Select vs. Chubb Discounts

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

But where do you even start? With so many discounts out there, it may seem challenging to find all the of the ones you can take advantage of.

Luckily, we did the hard work for you and compared all of the different discounts offered by American Select and Chubb so that you can easily see which company offers the most discounts and, therefore, the largest savings.

Overall, American Select has the advantage when it comes to total number of discounts. Chubb offers a grand total of 15 discounts, while American Select has 20.

There are a couple discounts both carriers offer, but American Select also offers discounts for account relationship, advance quote, agency transfer, and more.

On the other hand, Chubb has a few proprietary discounts of their own for things like driver-vehicle combination discounts, DRL discounts, mature driver discounts, and more.

Final Thoughts: Is American Select or Chubb Best for You?

You've seen the role certain variables have on your auto insurance and the different discounts companies offer. But, when it comes down to it, which carrier is the best one for you and your specific profile and needs?

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

• Your driving record includes a DUI charge.
• Your neighborhood is in a city.
• You're of retirement age and want to take advantage of lower rates.

Chubb might be best for you if...

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

Hopefully, this guide has ben a valuable resource as you compare American Select and Chubb and that it aids in making a more informed decision about 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 Select and Chubb. Luckily, sites like Compare.com make it easy for you to do just that. Simply enter your ZIP codes below and get multiple quotes from some of the best auto insurance companies in your area, all for free.

American Select vs. Chubb FAQs

Is American Select or Chubb cheaper?

American Select is the more affordable of the two carriers when looking at national average premiums, with policies averaging $170 a month with American Select and $291 for Chubb. But that doesn't mean American Select will be the most affordable company for each policyholder, since there are a bunch of different factors that come into play when it comes to your insurance payment.

Who is better, American Select or Chubb?

Sadly, the only answer we can give you is "it depends.". No one carrier is necessarily "better" for everyone -- it all comes down to what your unique car insurance profile looks like.

Why do American Select and Chubb offer me different rates?

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

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

The only way to find the auto 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 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. With those, you can guarantee you're getting the best price. And maybe you'll find that the best company for you isn't American Select 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.