Buckeye vs. Cincinatti Financial: Which Company is the Best Fit for You?

Quick Facts

• In general, Buckeye offers significantly cheaper rates than Cincinatti Financial
• Buckeye has more affordable prices for single people who will be the only person on the auto insurance policy
• Cincinatti Financial may help you save more money -- they offer more discounts than Buckeye Insurance Group

Buckeye or Cincinatti Financial: Which Company has the Cheapest Car Insurance?

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

You might have narrowed it down to Buckeye or Cincinatti Financial, but between the two, which carrier will save you the most?

Looking at nationwide averages, Buckeye is quite a bit cheaper than Cincinatti Financial, with rates averaging $132 a month compared to $200 with Cincinatti Financial.

Even so, that doesn't mean Buckeye will necessarily be less expensive than Cincinatti Financial for each driver. Car insurance carriers vary their prices depending on things like where you live, how good your credit score is, how clean your driving record is, how old you are, and tons of other factors, so premiums could change drastically from person to person.

So, if you want to find out which of Buckeye or Cincinatti Financial is really the best for you, keep reading to see average prices for each carrier broken down by lots of different rate factors.

Buckeye vs. Cincinatti Financial: Average Car Insurance Rates by State

Buckeye and Cincinatti Financial only compete against each other in one states, with Buckeye offering cheaper rates to the average driver in all of them. Ohio has the most noticable difference, where Buckeye premiums are $19 less expensive than auto insurance rates at Cincinatti Financial.

But there's more to calculating insurance premiums than just your home state. Read on to learn more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive auto insurance prices of any other group of drivers out there on the road. That's generally because teen drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

But that doesn't mean teen drivers can't still save money on their car insurance. For example, 18-year-old drivers pay an average of almost 45% less per month by choosing Buckeye over Cincinatti Financial.

However, both companies will offer you dramatically lower premiums by the time you turn 25. For example, average rates for Buckeye policyholders drop nearly 60% and Cincinatti Financial's prices decrease over 60% over that time.

Which is the Best Company for Retired Drivers?

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

But who has the best prices for retired drivers between Buckeye and Cincinatti Financial? Buckeye gets the edge, with rates for drivers 65 and older $17 more affordable than the national average for Cincinatti Financial.

Which is the Best Company for Married Drivers?

Married couples tend to get slightly cheaper auto insurance premiums than single drivers. This usually boils down to married drivers having more than one vehicle on their policy -- something quite a few car insurance carriers will reward with discounts.

For single policyholders, the difference in average prices between these two companies is significant, with Buckeye rates coming in at a third less than Cincinatti Financial's. The advantage for married policyholders with Buckeye is also obvious, where drivers save almost 25% a month.

Buckeye or Cincinatti Financial: Average Rates by Gender

Women typically to pay less for insurance than men. This is because men are statistically more likely than women to get into a collision or get pulled over for speeding, which leads to increased risk for insurers and, therefore, higher prices.

With Buckeye, women normally pay more than 10% per month less than men, but with Cincinatti Financial, the difference is closer to 6% a month.

When it comes to the most affordable premiums for each gender, Buckeye offers the cheapest average rates for both men and women, with average prices $66 less for men and $68 cheaper for women.

Buckeye vs. Cincinatti Financial: 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.

Car insurance can be a complicated subject for most people. There are several different coverages that account for many different things. Some protect you and your car, while others only provide coverage for other people's property and health if you cause an accident.

The two most common policies that drivers look at fall into two categories -- liability coverage (which provides bodily injury and property damage coverage for other drivers and passengers if you cause a collision) and full coverage (which includes collision and comprehensive coverages that protect your own car, in addition to what you get with a liability policy).

Looking specifically at state minimum liability limits, Buckeye has the significant edge, with average monthly premiums coming in at $73. If you want a full coverage policy with the same state minimum limits, Buckeye again has the edge, with policies averaging around $191 per month to Cincinatti Financial's $293.

Is Buckeye or Cincinatti Financial 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.

You'll probably end up paying more with speeding tickets and accidents on your record, but which of these two carriers offers the most affordable rates to drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Buckeye for their auto insurance can generally expect their monthly bill to go up about 7% after getting a speeding ticket. Cincinatti Financial policyholders can expect a bit more drastic of an increase of around 15%.

That being said, Buckeye is typically the less expensive option for drivers both with a ticket and with a clean record, offering premiums that are $41 and $56 more affordable, respectively, compared to Cincinatti Financial.

Which Company is Best for Drivers After an Accident?

Buckeye drivers who get in an accident can expect to see their prices increase by over 15%, while those who have insurance through Cincinatti Financial will see about a 45% increase.

At the end of the day, the cheaper premiums come from Buckeye, with average rates coming in at $98 compared to Cincinatti Financial's $214.

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 a collision or speeding ticket. For example, Cincinatti Financial increases average prices by nearly $200 a month -- that's more than a 60% increase.

But if you end up with a DUI charge and are looking for more affordable premiums, Buckeye tends to be more affordable for the average driver, with monthly premiums coming in at around $263 to Cincinatti Financial's $320.

How does Credit Score Impact Buckeye and Cincinatti Financial Rates?

In many cases, your credit score can be used as one of the variables to determine your monthly car insurance rates. This isn't true for everyone (for example, are two states that ban the practice entirely), but it might come into play for lots of policyholders.

The reasoning auto insurance companies use is that drivers with good credit will be more likely to pay their bills on time; so they'll reward them with cheaper prices, while those with poor credit will generally be forced to pay more.

Looking at Buckeye and Cincinatti Financial specifically, which company has the best rates 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 Buckeye or Cincinatti Financial 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 more milage you put on your vehicle each year, the more likely you are to be in an accident and file an insurance claim.

In this case, neither Buckeye or Cincinatti Financial report increasing prices for drivers with higher annual mileage figures. Buckeye comes out as the lowest for drivers at both intervals, whether they put 6,000 or 12,000 miles on their car annually, with average premiums of $132 per month for both.

Buckeye or Cincinatti Financial: Compare Rates for Urban, Suburban, and Rural Drivers

Where you park your vehicle can play a large role in how much you pay for auto insurance. Typically, if you live in a rural area with fewer cars on the road, you'll pay a little less for insurance, while the opposite is true for people in urban areas.

When comparing these two companies side-by-side, Buckeye usually comes out as the cheapest option 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 41% with Buckeye compared to Cincinatti Financial. People who live in suburban areas pay around 19% less with Buckeye compared to Cincinatti Financial. For drivers in urban ZIP codes, Buckeye Insurance Group's average rates are about 40% less than Cincinatti Financial.

Buckeye vs. Cincinatti Financial 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 car insurance discounts as possible.

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

Luckily, we did the hard work for you and looked at all of the different discounts Buckeye and Cincinatti Financial offer their customers so that you can find the one that has the most discounts and, therefore, the largest savings.

Overall, Cincinatti Financial comes out ahead with 10 discounts to Buckeye's seven.

There are a couple discounts both carriers offer, but Cincinatti Financial also offers discounts for advance quote, COVID-19 relief, good student, and more.

On the other hand, Buckeye has a few proprietary discounts of their own for things like distant student discounts, good driving discounts, and renewal discounts.

Final Thoughts: Is Buckeye or Cincinatti Financial Best for You?

So, you've seen how different factors can affect your insurance premiums. We've shown you all the discounts each company offers, too. That's all well and good, but when it comes down to it, which insurance carrier is the best fit for you?

Buckeye might be best for you if....

• Your driving record includes a DUI charge.
• You want the most robust protection via a "full coverage" policy.
• You want to save money while purchasing auto insurance for a teenager.

Cincinatti Financial might be best for you if...

• You're looking for discounts -- Cincinatti Financial has the most.

Hopefully, this guide helps you get a better idea of the difference between Buckeye and Cincinatti Financial and that you can now make a more informed 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 companies, not just Buckeye and Cincinatti Financial. 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 carriers in your area, all in just a few minutes.

Buckeye vs. Cincinatti Financial FAQs

Is Buckeye or Cincinatti Financial cheaper?

Buckeye is the less expensive of the two companies when looking at national average rates, with policies averaging $132 a month with Buckeye and $200 for Cincinatti Financial. Even so, that doesn't mean Buckeye will be the lowest company for everyone, since there are multiple different variables that come into play when it comes to your auto insurance bill.

Who is better, Buckeye or Cincinatti Financial?

Unfortunately, the only answer we can give you is "it depends.". No single carrier is "better" for every policyholder -- it all comes down to what your unique insurance profile looks like.

Why do Buckeye and Cincinatti Financial offer me different rates?

Car insurance carriers use many different factors when determining the premiums they charge. Things like your driving record, gender, where your home is, age, and sometimes even things like your credit score can all be used. Both Buckeye and Cincinatti Financial calculate prices differently, so it's likely they'll offer different premiums. The best way to determine which company is the cheapest for you is by comparing personalized quotes from a variety of different companies.

How do I know if Buckeye or Cincinatti Financial is right for me?

The only way to find the insurance carrier that's right for you is by getting quotes from several carriers 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 quotes from dozens of your local top auto insurance companies for free. That way, you can guarantee you're getting the best rate. And maybe you'll find that the best company for you isn't Buckeye or Cincinatti Financial 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.