Cameron Mutual vs. Equity: Which Company is the Best Fit for You?

Quick Facts

• In general, Cameron Mutual offers significantly cheaper premiums than Equity
• Cameron Mutual offers more affordable rates for people who are single and purchasing car insurance by yourself
• Equity offers more discounts than Cameron Mutual Insurance Company

Cameron Mutual vs. Equity: Which Company has the Cheapest Car Insurance?

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

You've maybe even narrowed your search down to Cameron Mutual or Equity as potential options, but between the two, which company will offer you less expensive premiums?

Looking at the national average rates for both companies, Equity is about $41 more per month than Cameron Mutual.

Even so, that doesn't mean Cameron Mutual will necessarily be more affordable than Equity for every driver. Auto insurance carriers vary their rates depending on things like how old you are, how good your credit score is, how clean your driving record is, where you live, and a ton of other factors. So, at the end of the day, prices from each company will differ quite a bit from person to person.

So, if you want to find out which of Cameron Mutual or Equity is really the best for you, keep reading to see average rates for each carrier broken down by many different rate factors.

Cameron Mutual or Equity: Average Car Insurance Rates by State

Cameron Mutual and Equity only compete against each other in one states, with Cameron Mutual offering cheaper prices to the average driver in all of them. Arkansas has the most noticable difference, where Cameron Mutual premiums are over 30% more affordable than insurance prices at Equity.

There's a lot more that goes into your auto insurance payment than just where you live. Keep reading to find out more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive car insurance rates of any other group of drivers out there on the road. Generally, that's because young, inexperienced drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

But that doesn't mean that teen drivers have to just accept sky-high auto insurance premiums. As you can see above, teens who use Cameron Mutual save nearly $75 a month compared to those who use Equity.

However, with both companies, you'll see your rates reduce significantly by the time drivers turn 25. For example, average prices for Cameron Mutual policyholders drop more than $150 and Equity's premiums decrease around $200 over that time.

Which is the Best Company for Retired Drivers?

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

So, which company offers the best premiums to retired drivers? Cameron Mutual gets the edge here, with average prices coming in at about $79 a month compared to Equity's $128.

Which is the Best Company for Married Drivers?

Single drivers tend to get offered slightly more expensive insurance rates than married drivers. This usually boils down to married policyholders having more than one car on their policy -- something quite a few car insurance carriers will reward with discounts.

When it comes to relationship status, Cameron Mutual is the clear winner for single policyholders, with prices around $47 per month less expensive than Equity, on average. The advantage is also clear for married couples - Cameron Mutual offers the lowest average premiums.

Cameron Mutual vs. Equity: Average Rates by Gender

Because men are more likely to get into accidents and get tickets, they have an increased chance of filing a claim with insurance. Therefore, insurance companies will tend to offer men more expensive rates.

With Cameron Mutual, men usually pay almost $15 a month more than women, while with Equity, the difference is closer to $21 per month.

When it comes to the cheapest prices for each gender, Cameron Mutual comes out on top for both men and women, with average premiums $44 less for men and $36 cheaper for women.

Cameron Mutual or Equity: 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 insurance can be a complicated subject for most people. There are multiple different coverages that account for a range of different things. Some protect you and your vehicle, while others only provide coverage for other people's property and health if you cause an accident.

The two most common policies that many drivers look at fall into two categories -- liability only (that covers property damage and bodily injury for other drivers if you cause a collision) and full coverage (which includes comprehensive and collision coverages that protect your own vehicle, in addition to liability).

If you're looking for state minimum limits for liability insurance, Cameron Mutual normally offers cheaper rates of $53 compared to Equity's $67. When it comes to full coverage policies with similar limits, Cameron Mutual again has the edge, with policies about $65 a month less expensive than Equity, on average.

Is Cameron Mutual or Equity Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their auto insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

At-fault accidents and tickets will most likely raise your prices, but is Cameron Mutual or Equity more affordable for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Drivers with Cameron Mutual insurance policies don't report seeing their premiums increase after getting a ticket, but Equity policyholders can expect to see their monthly bill increase by around 4%.

That being said, Cameron Mutual is typically the cheaper option for drivers both with a ticket and with a clean record, offering rates that are 29% and 31% less expensive, respectively, compared to Equity Insurance Company.

Which Company is Best for Drivers After an Accident?

Cameron Mutual policyholders who get in an accident can expect to see their prices climb by over 10%, while those who have insurance through Equity will see about a 15% increase.

Overall, the more affordable premiums come from Cameron Mutual, with monthly prices averaging $124 compared to Equity Insurance Company's $179.

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 car insurance bill -- normally a lot more than a collision or speeding ticket. On average, Cameron Mutual will climb your rates around 28% after a DUI, while Equity's average premiums increase by 7%.

If you have a DUI on your record and are looking for more affordable prices, Cameron Mutual tends to be the much cheaper option with average premiums of $152 per month compared to $166 from Equity.

How does Credit Score Impact Cameron Mutual and Equity Rates?

Did you know that many auto insurance carriers take your credit score into account when calculating rates? Certain states and companies do not allow for credit score to be used as a rating factor, but it might come into play for lots of drivers.

Car insurance carriers argue that someone with good credit is more likely to pay their bills on time, which makes them less risky to insure. Because of that, policyholders with good credit will often be rewarded with less expensive premiums.

So, which carrier offers the best rates for drivers with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

If you have solid credit, you'll usually find a better deal with Cameron Mutual. Policyholders with "excellent" credit can save just under 50% compared to Equity, and those with "good" scores can also expect to see savings -- about $58 or 35% more affordable every month.

Which Company is Best for Drivers with Bad Credit?

If you have a below average credit score, it can be somewhat of a toss-up as far as which company offers you the best prices. Drivers with "fair" credit pay around $39 less with Cameron Mutual than Equity, but those whose credit is considered "poor" have it flipped -- saving about $14 per month with Equity.

Is Cameron Mutual or Equity 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 sizable impact on your monthly insurance bill? Usually, the more miles you drive, the more you can expect to pay for coverage.

In this case, neither Cameron Mutual or Equity report increasing rates for drivers with higher annual mileage figures. Cameron Mutual comes out as the most affordable for drivers at both intervals, whether they put 6,000 or 12,000 miles on their car annually, with average prices of $124 a month for both.

Cameron Mutual vs. Equity: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can have a substantial impact on your monthly auto insurance cost. Generally, if you live in an urban area with more cars on the road, you'll pay a little more for car insurance, while the opposite is true for people in rural areas.

When comparing these two companies side-by-side, Cameron Mutual typically comes out as the most affordable option for drivers in every type of area, no matter if it's urban, suburban, or rural.

Drivers in rural ZIP codes see the cheapest prices from both carriers, but Cameron Mutual comes out on top with average rates around $116 monthly. Cameron Mutual also has cheaper average premiums for policyholders in urban and suburban ZIP codes -- a 30% and 23% per month respective difference when compared to Equity drivers in similar areas.

Cameron Mutual vs. Equity Discounts

Regardless of 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 possible. That's where insurance discounts comes into play.

But where do you even start? With so many discounts out there, it may seem hard to find all the of the ones you're eligible for.

Below, we've compared all of the different discounts offered by Cameron Mutual and Equity so that you can easily see which company offers the most discounts and see which ones you might be able to take advantage of.

Looking at the total number of discounts, Equity has the advantage when it comes to total number of discounts. Cameron Mutual offers a grand total of six discounts, while Equity has 10.

A couple of those are overlapping for things like discounts for being a defensive driver, discounts for being a good student, and renewal discounts. Equity also offers agency transfer discounts, driver training discounts, group discounts, and more that Cameron Mutual does not.

On the flip side, Cameron Mutual has a couple unique discounts of its own -- passive restraint discounts and umbrella policy discounts.

Final Thoughts: Is Cameron Mutual or Equity Best for You?

You've seen the effect certain factors have on your car insurance and the different discounts companies offer. That's all well and good, but when it comes down to it, which insurance carrier is the best one for you and your specific needs?

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

• You're single and purchasing insurance by yourself.
• You live in an suburban area.
• You are over 65 years old and want to save some money on your auto insurance.

Equity might be best for you if...

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

We hope this guide helps you get a better idea of the difference between Cameron Mutual and Equity. We also hope we've given you the information you need to make the best decision about 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 several carriers, not just Cameron Mutual and Equity. 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 auto insurance companies in your area, all in just a few minutes.

Cameron Mutual vs. Equity FAQs

Is Cameron Mutual or Equity cheaper?

Looking just at the national average rates, Cameron Mutual is the less expensive of the two carriers, offering average rates of $124 a month compared to $165 for Equity. However, Cameron Mutual won't necessarily be the lowest company for everyone, since there are a bunch of different variables (things like driving record, age, gender, etc.) that play a role in how much you pay.

Who is better, Cameron Mutual or Equity?

Sadly, the real answer is "it depends.". No single carrier is "better" for everyone -- it all depends on the makeup of your unique car insurance profile. For example, Cameron Mutual offers more affordable prices for policyholders with an at-fault accident on their record, while Equity is less expensive for drivers who have less-than-stellar credit scores.

Why do Cameron Mutual and Equity offer me different rates?

Insurance companies take a look at many different factors when determining the premiums they charge drivers. Things like age, gender, your driving record, where your home is, and sometimes even things like your credit score can all be used. Both Cameron Mutual and Equity calculate rates using different variables, so each one will most likely offer different premiums. The only real way to see which company is the most affordable for you is by comparing personalized quotes from several different carriers.

How do I know if Cameron Mutual or Equity is right for me?

The only way to find the auto insurance carrier 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 information once 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 best rate. And who knows, the best company for you might not be Cameron Mutual or Equity at all!

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.