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

Quick Facts

• In general, Cameron Mutual offers significantly less expensive prices than GEICO
• Cameron Mutual has cheaper rates for drivers who have a speeding ticket on their driving record
• GEICO may help you save more money -- they offer more discounts than Cameron Mutual Insurance Company

Cameron Mutual or GEICO: Which Company has the Cheapest Car Insurance?

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

You might be considering Cameron Mutual or GEICO for your next policy, but between the two, which company will offer you more affordable prices?

As you can see, Cameron Mutual is quite a bit cheaper than GEICO, with premiums averaging $124 a month compared to $185 with GEICO when looking at the national average rates for auto insurance.

Even so, that doesn't mean Cameron Mutual will necessarily be cheaper than GEICO for every single driver. 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 all sorts of other factors, so prices will differ quite a bit from person to person.

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

Cameron Mutual vs. GEICO: Average Car Insurance Rates by State

Cameron Mutual and GEICO only compete against each other in two states, with GEICO offering less expensive premiums to the average driver in all of them. Iowa has the most noticable difference, where GEICO rates are $5 more affordable than auto insurance premiums at Cameron Mutual.

There's a lot more that goes into your car insurance bill than just where you call home. Keep reading to learn more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- typically pay a lot for auto insurance compared to older drivers. That's because teen drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

However, that doesn't mean that teen drivers have to just accept sky-high insurance prices. Just look at the table above -- where 18-year-old drivers who have Cameron Mutual for their car insurance pay almost 25% less than those who use GEICO.

That being said, both companies will offer you dramatically lower rates once you turn 25. For example, average prices for Cameron Mutual policyholders decrease around $150 and GEICO's premiums lower over $200 over that time.

Which is the Best Company for Retired Drivers?

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

So, which carrier offers the best premiums to retired drivers? Cameron Mutual gets the edge here, with average rates coming in at about $79 per month compared to GEICO's $148.

Which is the Best Company for Married Drivers?

You may not be aware, but car insurance prices tend to be more expensive for single policyholders than they are for married policyholders. This usually boils down to married couples having more than one vehicle on their policy -- something quite a few insurance carriers will reward with discounts.

For single drivers, the difference in average premiums between these two companies is significant, with Cameron Mutual prices coming in at around 30% less than GEICO's. The advantage for married drivers with Cameron Mutual is also obvious, where drivers save nearly 40% per month.

Cameron Mutual or GEICO: Average Rates by Gender

Men are statistically more likely than women to get into collisions and get speeding tickets. That means when it comes to car insurance men will normally end up paying a little more.

On average, women see rates about $15 a month less expensive with Cameron Mutual, and around $8 less with GEICO.

When it comes to the cheapest premiums for each gender, Cameron Mutual comes out as the lowest option for both genders, with average rates 31% less for men and 35% cheaper for women.

Cameron Mutual vs. GEICO: 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 auto insurance can be a complicated subject for most people. Everyone needs car insurance, but there are so many different limits 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 covers the other party's injuries and property damage if you cause a collision) and full coverage (which includes collision and comprehensive coverages that protect your own car, in addition to liability coverage).

Looking specifically at state minimum limits for liability insurance, Cameron Mutual has the significant edge, with average monthly prices coming in at $53. If you want a full coverage policy with the same state minimum limits, Cameron Mutual again has the edge, with policies averaging about $195 per month to GEICO's $269.

Is Cameron Mutual or GEICO 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.

Collisions and speeding tickets will most likely raise your premiums, but is Cameron Mutual or GEICO more affordable for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders with Cameron Mutual insurance policies don't report seeing their prices increase after getting a ticket, but GEICO policyholders can expect to see their monthly bill increase by around $35.

But Cameron Mutual has cheaper premiums for drivers in both categories. Drivers with a clean record can save about 4% a month with Cameron Mutual Insurance Company, and the same can be said for those with a speeding ticket, too.

Which Company is Best for Drivers After an Accident?

Cameron Mutual drivers who get in an accident can expect to see their rates rise by over 10%, while those who have insurance through GEICO will see around a 45% increase.

At the end of the day, the more affordable premiums come from Cameron Mutual, with average prices coming in at $124 compared to GEICO's $200.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge on your record, it's probably going to cost you more than a simple ticket or even a collision. On average, GEICO will increase your rates about 58% after a DUI, while Cameron Mutual's average prices climb by nearly 30%.

How does Credit Score Impact Cameron Mutual and GEICO Rates?

Did you know many car insurance carriers take your credit score into account when determining premiums? This isn't true for everyone (Massachusetts, for example, has banned the use of credit score as an insurance factor) but it might come into play for a lot of policyholders.

Insurance companies argue that those with poor credit scores are less likely to pay their bills on time every month, which raises the risk involved on their end, while the opposite is true for those with good credit.

So, which company offers the cheapest rates for drivers 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 Cameron Mutual or GEICO Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a considerable impact on your monthly auto insurance cost. Usually, the more milage you put on your vehicle, the more you can expect to pay for car insurance.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Cameron Mutual charges. However, there's a small difference in monthly prices for GEICO, with policyholders who drive the least paying around $8 less each month compared to those who drive 12,000 miles annually. Still, for drivers in both categories, Cameron Mutual is the less expensive carrier.

Cameron Mutual or GEICO: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can have a large impact on your monthly insurance payment. Generally, 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.

When comparing these two carriers side-by-side, Cameron Mutual normally comes out as the lowest 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 $43 with Cameron Mutual compared to GEICO. People who live in suburban areas pay around $63 less with Cameron Mutual compared to GEICO. For policyholders in urban ZIP codes, Cameron Mutual Insurance Company's average premiums are about $77 less than GEICO.

Cameron Mutual vs. GEICO Discounts

No matter why you might be in the market for a new car 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 insurance discounts as possible.

But with what seems like a million different discounts out there, it can be challenging to nail down the carrier that has the most discounts for your unique driver profile and to find all the discounts you're eligible for.

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

GEICO blows Cameron Mutual away when it comes to the sheer amount of discounts available, offering 22 more discounts than Cameron Mutual.

Both companies offer many of the same discounts -- like discounts for being a defensive driver, discounts for being a good student, and passive restraint discounts -- but GEICO also offers discounts for ABS, anti-theft, commercial drivers license, and more.

On the other hand, Cameron Mutual has a few proprietary discounts of their own for things like education discounts, renewal discounts, and umbrella policy discounts.

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

You've seen the effect certain variables have on your auto insurance and the different discounts carriers offer. But, at the end of the day, which company is the best one for you and your specific profile and needs?

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

• You have a clean record.
• Your home is located in the suburbs.
• Your neighborhood is in a rural area.

GEICO might be best for you if...

• You value the experience that comes with a large national insurance carrier.
• You care about discounts (GEICO offers the most).

Hopefully, this guide has ben a valuable resource as you compare Cameron Mutual and GEICO and that it aids in making a more informed decision about your car 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 auto insurance -- comparing quotes from several companies, not just Cameron Mutual and GEICO. Luckily, sites like Compare.com make it easy for you to do just that. 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.

Cameron Mutual vs. GEICO FAQs

Is Cameron Mutual or GEICO cheaper?

Cameron Mutual is the cheaper of the two companies when looking at national average rates, with policies averaging $124 per month with Cameron Mutual and $185 for GEICO. That being said, that doesn't mean Cameron Mutual will be the most affordable company for every policyholder, since there are a variety of different factors (things like driving record, age, gender, etc.) that play a role in how much you pay.

Who is better, Cameron Mutual or GEICO?

Unfortunately, the real answer is "it depends.". No one carrier is necessarily "better" for each policyholder -- it all comes down to what your unique insurance profile looks like.

Why do Cameron Mutual and GEICO offer me different rates?

Auto insurance carriers use lots of different variables when calculating the premiums they charge. Things such as your driving record, age, gender, where you park your car, and sometimes even things like your credit score can all be used. Both Cameron Mutual and GEICO calculate prices using different formulas, so it's likely they'll offer different rates. The best way to determine which company is the lowest for you is by comparing personalized quotes from several different companies.

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

The only way to find the insurance carrier that's right for you is by getting quotes from a handful of carriers and finding the one best suited for your individual budget. Luckily, Compare.com does all the hard work for you. Just enter your information once 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 cheapest price. And maybe you'll find that the best company for you isn't Cameron Mutual or GEICO 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.