Arbella vs. Bankers: Which Company is the Best Fit for You?

Looking for car insurance and wondering if Arbella or Bankers is the right company for you? If so, you're probably wondering which carrier has the most affordable prices or the biggest discounts. Luckily, we've done the heavy lifting for you and compared the two companies to help you find the best deal on your next insurance policy.
Newly insured car driving down the road
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Quick Facts

  • In general, Arbella offers less expensive premiums than Bankers
  • Arbella offers more affordable average rates for drivers with a DUI charge on their record
  • Bankers has cheaper prices for drivers who have less-than-stellar credit

Arbella vs. Bankers: Which Company has the Cheapest Car Insurance?

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

You might have narrowed your search down to Arbella or Bankers for your next policy, but which one has less expensive rates for car insurance?

Arbella Bankers

As you can see, Arbella is about $21 per month cheaper than Bankers when looking at the national average rates for insurance.

However, that doesn't necessarily mean Arbella will be the more affordable option for every single driver. After all, car insurance companies can offer drastically different rates to each driver depending on rating factors like your driving record, your age, your credit score, or even where you call home (among other things). So, at the end of the day, premiums from every company will differ quite a bit from person to person.

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

Arbella or Bankers: Average Car Insurance Rates by State

State Arbella Bankers

Arbella and Bankers only compete against each other in Massachusetts, where Arbella offers the cheaper average premiums. For Massachusetts residents, undefined offers auto insurance for undefined per month on average. undefined's average rates come out to be more expensive, at undefined a month.

There's a lot more that goes into your car insurance bill than just where you call home. Continue reading to see how other factors will affect your rates.

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Which is the Best Company For Young Drivers?

Arbella Bankers
18-year-old drivers$351$351
25-year-old drivers$128$160

You might already know that teen drivers normally pay a lot more for auto insurance than any other group of drivers out there on the road. Usually, that's because young, inexperienced drivers are statistically much more likely to get into accidents since they have less experience on the roads.

Even so, that doesn't mean that teen drivers have to just accept sky-high insurance prices. For example, 18-year-old drivers pay an average of $0 less a month by choosing Arbella over Bankers.

That being said, both carriers will lower rates once you turn 25. For example, average premiums for Arbella policyholders decrease nearly 65% and Bankers's rates drop almost 55% over that time.

Which is the Best Company for Retired Drivers?

Arbella Bankers
65+-year-old drivers$94$132

When it comes to auto insurance, patience and experience pay off, with drivers around retirement age paying some of the lowest premiums you can find.

But who has the best prices for retired drivers between Arbella and Bankers? Arbella gets the edge, with premiums for drivers 65 and older nearly 30% less expensive than the national average for Bankers.

Which is the Best Company for Married Drivers?

Arbella Bankers

Did you know that insurance prices are typically more affordable for married policyholders than they are for single policyholders? That's because policies for married couples generally cover more than one car, which many companies will offer you a discount for.

When it comes to relationship status, Arbella is the clear winner for those who are single, with rates around $20 per month cheaper than Bankers, on average. The advantage is also clear for married drivers - Arbella offers the cheapest average prices.

Arbella vs. Bankers: Average Rates by Gender

Arbella Bankers

Men are statistically more likely than women to get into an accident or get pulled over for speeding. That means when it comes to car insurance men will normally end up paying a little more.

Women and men get the same monthly rates with Arbella, and more than $15 cheaper with Bankers when compared to their male counterparts.

Looking at the data for each company specifically, Arbella offers the most affordable average premiums for both men and women. On average, male drivers save about $29 a month and women save about $13 with Arbella compared to the average Bankers policyholder.

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Arbella or Bankers: Compare State Minimum vs. Full Coverage Rates

Arbella Bankers
State Minimum*$83$66
Full Coverage**$216$277

*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 a complicated subject for most people. Everyone needs insurance, but there are so many different coverages and terms that it can be hard to find the right policy.

But most policies end up falling into two different types of coverage -- liability only (which covers the other party's injuries and property damage if you cause a collision) and full coverage (which usually refers to having comprehensive and collision coverages alongside what you get with a liability policy).

In this case, Bankers offers the lowest average rates for state minimum limits for liability insurance, while Arbella has the edge for full coverage policies with similar coverage limits. Drivers looking for basic state minimum coverage can save around $15 with Bankers Insurance, while full coverage comes out to be around $60 less expensive with Arbella Insurance.

Is Arbella or Bankers Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their car 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 tickets and accidents lead to higher premiums, but which carrier -- Arbella or Bankers -- has the cheapest prices for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Arbella Bankers
Clean Record$117$121
1 Speeding Ticket$125$141

Arbella policyholders can expect their premiums to go up an average of $8 per month if they get a ticket, while Bankers typically raises prices about $20 a month, on average.

Even so, Arbella has cheaper rates for drivers in both categories, offering premiums that are 3% and 11% more affordable, respectively, compared to Bankers Insurance.

Which Company is Best for Drivers After an Accident?

Arbella Bankers
Clean Record$117$121
1 At-Fault Accident$151$186

Both carriers will increase prices pretty significantly if you get into an at-fault accident with Bankers climbing by $65. Arbella has a less extreme rise, but you can still expect to pay just under $35 more than you were prior to your first collision.

Overall, Arbella offers the most affordable rates for drivers with an at-fault accident on their records, with monthly prices averaging $151 compared to Bankers Insurance's $186.

Which Company is Best for Drivers with a DUI?

Arbella Bankers
Clean Record$117$121
1 DUI$206$238

On average, a DUI offense is going to cost you much more than a single collision or speeding ticket when it comes to your insurance bill. On average, Bankers will climb your premiums around 49% after a DUI, while Arbella's average rates climb by just under 45%.

If you have a DUI on your record and are looking for more affordable prices, Arbella tends to be the much cheaper option with average premiums of $206 monthly compared to $238 from Bankers.

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How does Credit Score Impact Arbella and Bankers Rates?

Did you know that many auto insurance companies take your credit score into account when calculating rates? This isn't always the case (Massachusetts, for example, has banned the use of credit score as a rating factor) but it will come into play for quite a few policyholders.

The reasoning car 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 more affordable prices.

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

Which Company is Best for Drivers with Good Credit?

Arbella Bankers
Excellent Credit ScoreNo Data AvailableNo Data Available
Good Credit ScoreNo Data AvailableNo Data Available

You'll often be rewarded if you have stellar credit. Jumping from a "good" credit score to an "excellent" one will normally save Bankers Insurance customers about $10. On the other hand, because undefined doesn't have data available for credit scores, they most likely don't use credit to calculate your rates.

Which Company is Best for Drivers with Bad Credit?

Arbella Bankers
Fair Credit ScoreNo Data AvailableNo Data Available
Poor Credit ScoreNo Data AvailableNo Data Available

Having bad credit can cost you with Bankers Insurance. For drivers with less-than-stellar credit, at Bankers Insurance, you may pay around 20% per month more if you have "poor" credit compared to those with "fair" scores. It's an even larger difference when compared to drivers with "good" or "excellent" scores. Because undefined doesn't have data available for credit scores, they could have better prices for drivers with bad credit over Bankers Insurance.

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Is Arbella or Bankers Better for Drivers who Work from Home or Have Short Commutes?

Arbella Bankers
6,000 Annual Miles$142$170
12,000 Annual Miles$157$173

Did you know that the amount of time you spend in your car have a sizable impact on your monthly rates? That's because the fewer miles you put on your vehicle, 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, Arbella offers less expensive premiums than Bankers. Arbella's average prices for drivers with 6,000 annual miles come in about 16% more affordable than Bankers. Those who drive 12,000 miles annually can expect to pay around 9% less with Arbella over Bankers.

Arbella vs. Bankers: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can play a considerable role in how much you pay for insurance. Usually, if you live in an urban area with more cars on the road, you'll pay a little more for auto insurance, while the opposite is true for people in rural areas.

Arbella Bankers
Urban Areas$186$172
Suburban Areas$168$226
Rural Areas$96$114

Looking at these companies side-by-side, Arbella boasts the lowest average prices in rural and suburban areas, while Bankers wins in urban areas.

Those in rural areas can expect to pay about $96 a month with Arbella compared to Bankers's $114. People in suburban areas pay around $168 with Arbella compared to Bankers's $226 monthly. For drivers in urban ZIP codes, Bankers's average rates are about $172 a month compared to Arbella's $186.

Arbella vs. Bankers 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.

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

Below, we've compared all of the different discounts offered by Arbella and Bankers so that you can find the company that has the most discounts and, therefore, the biggest savings.

Arbella Bankers
ABS Discount 
Annual Mileage Discount
Anti-Theft Discount
Continuous Insurance Discount
Defensive Driver Discount 
Distant Student Discount
Driver Training Discount
Employers Subject to MA Worker Discount 
Excess Vehicle Discount 
Good Driving Discount
Good Student Discount
Group Discount
Hybrid Vehicle Discount 
Marketing Partner Discount 
Mature Driver Discount 
Military Discount 
Multi-Car Discount
Multi-Policy Discount
Online Quote Discount 
Paid In Full Discount 

Looking at the total number of discounts, Arbella has a slight advantage when it comes to total number of discounts. Bankers offers a grand total of 16 discounts, while Arbella has 18.

Both carriers offer a lot of the same discounts -- like anti-theft discounts, distant student discounts, discounts for getting driver training, and group discounts -- but Arbella also offers hybrid vehicle discounts, marketing partner discounts, mature driver discounts, and more that Bankers does not.

On the flip side, Bankers has a couple unique discounts of its own -- ABS discounts, discounts for being a defensive driver, employers subject to ma worker discounts, and more.

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Final Thoughts: Is Arbella or Bankers Best for You?

You've seen the effect certain variables have on your insurance and the different discounts companies offer. That's all well and good, but at the end of the day, is Arbella or Bankers the best carrier for you and your specific driver profile?

Arbella might be best for you if....

  • You're single and purchasing auto insurance by yourself.
  • You live in an suburban area.
  • You don't spend much time in your car.

Bankers might be best for you if...

  • You have above-average credit.
  • You want basic car insurance coverage at the state minimum limits.

We hope this guide has ben a valuable resource as you compare Arbella and Bankers. We also hope we've given you the information you need to make the best decision when it comes to your insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your car insurance policy is to compare quotes from a handful of carriers, not just Arbella and Bankers. Luckily, does all the hard work for you. Simply enter your ZIP codes below and get multiple quotes from some of the best auto insurance companies in your area, all for free.

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Arbella vs. Bankers FAQs

Is Arbella or Bankers cheaper?

Looking just at the national average premiums, Arbella is the less expensive of the two carriers, offering average rates of $150 per month compared to $171 for Bankers. However, Arbella won't necessarily be the most affordable carrier for each policyholder, since there are many different factors that are considered when it comes to your insurance payment.

Who is better, Arbella or Bankers?

Sadly, the only answer we can give you is "it depends.". One company is not "better" for everyone -- it all depends on the makeup of your unique auto insurance profile. For example, Arbella offers cheaper rates for drivers with an at-fault accident on their record, while Bankers is less expensive for drivers who have less-than-stellar credit scores.

Why do Arbella and Bankers offer me different rates?

Car insurance companies take a look at several different variables when determining the premiums they charge policyholders. Factors such as where you park your car, where you call home, age, gender, and sometimes even things like your credit score can all come into play. Both Arbella and Bankers calculate prices using different formulas, so each one will most likely offer different premiums. The only real way to see which carrier is the lowest for you is by comparing personalized quotes from several different carriers.

How do I know if Arbella or Bankers 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, makes it easy for you to do just that. Just enter your ZIP code and you'll get free quotes from dozens of the best car insurance carriers in your area. That way, you can guarantee you're getting the cheapest price. And who knows, the best carrier for you might not be Arbella or Bankers at all!


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.

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