Amica Mutual vs. Hanover: Which Company is the Best Fit for You?

Quick Facts

• Looking at the national averages for car insurance, Amica Mutual offers significantly more affordable prices than Hanover
• Amica Mutual has cheaper premiums for policyholders who haven't received any speeding tickets or been in a collision in the last few years
• Hanover may help you save more money -- they offer more discounts than Amica Mutual Insurance

Amica Mutual or Hanover: Which Company has the Cheapest Car Insurance?

So, you're thinking about switching to a new insurance policy. With so many ads from all sorts of companies offering hefty savings, you're probably wondering exactly how much you might be able to save.

You might have narrowed it down to Amica Mutual or Hanover as your top options, but between the two, which carrier will offer you less expensive rates?

Looking at nationwide averages, Hanover is quite a bit more expensive than Amica Mutual, with premiums averaging $853 a month compared to just $359 with Amica Mutual.

Even so, that doesn't necessarily mean Amica Mutual will be the more affordable option for each driver. After all, auto insurance carriers can offer drastically different rates to every driver depending on rating factors like your credit score, your driving record, where you call home, or even your age (among other things), so prices will change quite a bit from person to person.

Luckily, we've broken down average premiums from both Amica Mutual and Hanover by several different rate factors, so read on to find out which carrier is the best for you.

Amica Mutual vs. Hanover: Average Car Insurance Rates by State

Amica Mutual and Hanover only compete against each other in three states, with Amica Mutual offering less expensive prices to the average driver in all of them. Connecticut has the most noticable difference, where Amica Mutual rates are $538 cheaper than car insurance premiums at Hanover.

That being said, there are plenty of other factors that go into your insurance payment than just where you call home. Read on to find out more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers generally pay a lot more for auto insurance than any group on the road. That'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 prices, teen drivers can still find ways to save money. As you can see above, teens who use Amica Mutual save over 65% per month compared to those who use Hanover.

However, with both companies, you'll see your rates decrease significantly by the time you turn 25. Hanover offers the steepest decrease, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. That being said, Amica Mutual still has the lowest premiums at $288 a month.

Which is the Best Company for Retired Drivers?

Drivers around retirement age normally enjoy some of the cheapest car insurance prices out there. After all, they've likely been driving for quite some time, which typically decreases their chances of collisions and other infractions that can raise rates.

So, which company offers the best premiums to retired drivers? Amica Mutual gets the edge here, with average rates coming in at around $345 monthly compared to Hanover's $613.

Which is the Best Company for Married Drivers?

Did you know that insurance prices are usually more expensive for those who are single than they are for married policyholders? That's typically because married drivers tend to own and insure more than one vehicle, which can often earn you a discount.

For single policyholders, the difference in average premiums between these two carriers is significant, with Amica Mutual rates coming in at about a third of Hanover's. For married couples, the advantage is clear again - Amica Mutual has the edge when it comes to average prices.

Amica Mutual or Hanover: Average Rates by Gender

Women normally to pay less for auto insurance than men. That's because men are more likely to get speeding tickets and get into accidents, which increases the chances of filing a claim with insurance.

With Amica Mutual, women usually pay around 2% a month less than men, and about 7% less with Hanover when compared to their male counterparts.

Looking at the data for each carrier specifically, Amica Mutual comes out as the most affordable option for both genders, with average premiums 59% less for men and 57% cheaper for women.

Amica Mutual vs. Hanover: 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 isn't the easiest topic to understand. Everyone needs car insurance, but there are so many different coverages and terms that it can be hard to find the right policy for you.

The two most common policies that drivers look at fall into two categories -- liability coverage (which provides property damage and bodily injury coverage for other drivers if you cause an accident) and full coverage (which generally refers to having collision and comprehensive coverages in addition to what you get with liability).

Looking specifically at state minimum liability limits, Amica Mutual has the significant edge, with average monthly prices coming in at $210. If you want a full coverage policy with the same state minimum limits, Amica Mutual again has the edge, with policies averaging around $508 per month to Hanover's 1196.

Is Amica Mutual or Hanover Better for Drivers with Spotty Records?

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

It's no secret secret that at-fault accidents and speeding tickets lead to higher rates, but which company -- Amica Mutual or Hanover -- has the cheapest prices for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Amica Mutual for their car insurance can typically expect their monthly bill to go up about 20% after getting a speeding ticket. Hanover policyholders can expect a bit more drastic of an increase of around 26%.

That being said, Amica Mutual is usually the less expensive option for drivers both with a ticket and with a clean record. With Amica Mutual Insurance, drivers with a clean record can save about $402 a month and drivers with a speeding ticket can save around $570 per month.

Which Company is Best for Drivers After an Accident?

Amica Mutual drivers who get in a collision can expect to see their rates rise by over 15%, while those who have insurance through Hanover will see about a 35% increase.

At the end of the day, the cheaper premiums come from Amica Mutual, with average prices coming in at $254 compared to Hanover Insurance's $943.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single collision or ticket when it comes to your auto insurance bill. For example, Amica Mutual increases average premiums by nearly $500 a month -- that's nearly a 70% increase.

But if you end up with a DUI charge and are looking for more affordable rates, Amica Mutual tends to be more affordable for the average driver, with monthly premiums coming in at around $699 to Hanover's 1013.

How does Credit Score Impact Amica Mutual and Hanover Rates?

Did you know many insurance companies take your credit score into account when determining prices? This isn't true for everyone (for example, are two states that ban the practice entirely), but it does affect several policyholders out there.

The reasoning auto insurance carriers use is that drivers with bad credit will be less likely to pay their bills on time; so generally, they'll be asked to pay more, while those with good credit will be rewarded with less expensive rates.

Looking at Amica Mutual and Hanover specifically, which one has the lowest premiums for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Amica Mutual or Hanover 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 companies will charge for coverage. That's because the fewer miles you put on your car each year, the less likely you are to be in an accident 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 Amica Mutual charges. However, there's a small difference in monthly rates for Hanover, with policyholders who drive 6,000 miles each year paying about $1 less every month compared to those who drive 12,000 miles annually. Still, for drivers in both categories, Amica Mutual is the more affordable carrier.

Amica Mutual or Hanover: 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 substantial impact as well. Normally, drivers who live in heavily-populated urban areas will pay quite a bit more than rural policyholders due to the number of vehicles that are on the roads where they live.

When comparing these two carriers side-by-side, Amica Mutual generally comes out as the most affordable option for drivers in all areas, regardless of if they're urban, suburban, or rural.

For drivers in urban ZIP codes, Amica Mutual Insurance's average rates are around $558 less than Hanover Insurance. People who live in suburban areas pay about $494 less with Amica Mutual compared to Hanover. Those in rural areas can expect to save around $429 with Amica Mutual compared to Hanover.

Amica Mutual vs. Hanover 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 with what seems like a million different discounts out there, it can be hard to nail down the carrier that has the most discounts for your unique driver profile and to find all the discounts you qualify for.

Luckily, we did the hard work for you and broke down all of the different discounts offered by both Amica Mutual and Hanover so that you can easily see which company offers the most discounts and, therefore, the largest savings.

Hanover knocks Amica Mutual out of the park when it comes to the sheer number of discounts available, offering 21 more discounts than Amica Mutual.

A couple of those are overlapping for things like. Hanover also offers discounts for ABS, advance quote, annual mileage, and more.

Amica Mutual's discounts come through just.

Final Thoughts: Is Amica Mutual or Hanover Best for You?

So, we've broken down the average premiums for many of the variables auto insurance companies look at, and walked through the different discounts each company offers, too. But, when it comes down to it, is Amica Mutual or Hanover the right fit for you?

Amica Mutual might be best for you if....

• You've been pulled over for speeding recently.
• You have below-average credit.
• You don't spend much time in your car.

Hanover might be best for you if...

• You want to save extra money with discounts.

Hopefully, this guide helps you get a good idea of the differences between Amica Mutual and Hanover. We also hope we've given you the information you need to make the best decision when it comes to your car insurance.

At the end of the day, the best way to make sure you're getting the best deal on your insurance policy is to compare quotes from multiple carriers, not just Amica Mutual and Hanover. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code below and get multiple quotes from some of the best auto insurance companies in your area, all for free.

Amica Mutual vs. Hanover FAQs

Is Amica Mutual or Hanover cheaper?

Amica Mutual is the cheaper of the two carriers when looking at national average prices, with policies averaging $359 per month with Amica Mutual and $853 for Hanover. But that doesn't mean Amica Mutual will be the lowest carrier for each driver, since there are lots of different factors (things like driving record, age, gender, etc.) that play a role in how much you pay.

Who is better, Amica Mutual or Hanover?

Sadly, the only answer we can give you is "it depends.". No one company is "better" for every policyholder -- it all comes down to what your unique car insurance profile looks like. For example, Hanover is less expensive for drivers with excellent credit, while Amica Mutual offers cheaper premiums for drivers with a recent DUI.

Why do Amica Mutual and Hanover offer me different rates?

Auto insurance companies use lots of different variables when calculating the prices they charge. Things like your driving record, gender, where you park your car, age, and sometimes even things like your credit score can all be taken into consideration. Both Amica Mutual and Hanover calculate rates using different formulas, so it's likely they'll offer different premiums. The best way to determine which carrier is the cheapest for you is by comparing personalized quotes from a bunch of different carriers.

How do I know if Amica Mutual or Hanover is right for me?

The only way to find the insurance company 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 ZIP code and you'll get quotes from dozens of your local top auto insurance carriers for free. That way, you can guarantee you're getting the best price. And maybe you'll find that the best carrier for you isn't Amica Mutual or Hanover 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.