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

Quick Facts

• In general, Cameron Mutual offers significantly cheaper prices than Hallmark Financial
• Cameron Mutual has less expensive premiums for policyholders who haven't received any speeding tickets or been in an accident in the last few years
• Cameron Mutual has cheaper rates for drivers who have received a ticket within the last few years

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

So, you're thinking about switching your auto insurance. With so many ads from all sorts of companies offering sizable discounts, you're probably wondering exactly how much you might be able to save.

You've maybe even narrowed your search down to Cameron Mutual or Hallmark Financial as your top options, but between the two, which one will offer you more affordable premiums?

Looking at the national average rates for both companies, Cameron Mutual is quite a bit cheaper than Hallmark Financial, with prices averaging $124 per month compared to $211 with Hallmark Financial.

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

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

Cameron Mutual or Hallmark Financial: Average Car Insurance Rates by State

Cameron Mutual and Hallmark Financial only compete against each other in one states, with Cameron Mutual offering more affordable prices to the average driver in all of them. Arkansas has the most noticable difference, where Cameron Mutual rates are over 50% less expensive than insurance prices at Hallmark Financial.

That being said, there's a lot more that goes into your auto insurance cost than just your home state. Continue reading to see how other factors will affect your rates.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive car insurance premiums of any other group of drivers. 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 still, even with seemingly sky-high prices, teen drivers can still find ways to save money. For example, 18-year-old drivers pay an average of nearly $200 less a month by choosing Cameron Mutual over Hallmark Financial.

However, with both companies, you'll see your premiums drop significantly once you turn 25. For example, average rates for Cameron Mutual policyholders lower more than 55% and Hallmark Financial's premiums decrease over 60% over that time.

Which is the Best Company for Retired Drivers?

When it comes to insurance, patience and experience pay off, with drivers around retirement age paying some of the lowest rates you'll ever see.

But who has the best prices for retired drivers between Cameron Mutual and Hallmark Financial? Cameron Mutual gets the edge here, with average premiums coming in at about $79 per month compared to Hallmark Financial's $154.

Which is the Best Company for Married Drivers?

Did you know that car insurance rates are usually cheaper for married drivers than they are for single policyholders? This usually boils down to married policyholders having multiple cars on their policy -- something quite a few auto insurance carriers will reward with discounts.

When it comes to relationship status, Cameron Mutual is the clear winner for those who are single, with prices around $108 per month less expensive than Hallmark Financial, on average. The advantage is also clear for married couples - Cameron Mutual offers the cheapest average rates.

Cameron Mutual vs. Hallmark Financial: Average Rates by Gender

Men generally pay more for insurance than women. This is because men are more likely to get into collisions and get tickets, which raises the chances of an insurance claim.

On average, women see premiums almost $15 a month more affordable with Cameron Mutual, and about $20 less with Hallmark Financial.

When it comes to the most affordable prices for each gender, Cameron Mutual comes out as the lowest option for both genders, with average premiums 41% less for men and 41% cheaper for women.

Cameron Mutual or Hallmark 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.

Auto insurance can be a complicated subject for most people. There are so many different terms and coverages that it can make it pretty confusing to find the right policy.

But the 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 normally refers to having comprehensive and collision coverages alongside liability coverage).

If you're looking for state minimum liability limits, Cameron Mutual typically offers significantly cheaper prices of $53 compared to Hallmark Financial's $115. When it comes to full coverage policies with similar limits, Cameron Mutual again has the edge, with policies around $100 per month less expensive than Hallmark Financial, on average.

Is Cameron Mutual or Hallmark Financial Better for Drivers with Spotty Records?

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

You'll probably end up paying more with accidents and tickets on your record, but which of these two companies offers the cheapest rates to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Drivers with Cameron Mutual car insurance policies don't report seeing their prices increase after getting a ticket, but Hallmark Financial policyholders can expect to see their monthly bill increase by about 7%.

Even so, Cameron Mutual is normally the more affordable option for drivers both with a ticket and with a clean record, offering premiums that are $84 and $98 cheaper, respectively, compared to Hallmark Financial.

Which Company is Best for Drivers After an Accident?

Cameron Mutual policyholders who get in an accident can expect to see their rates climb by just under $15, while those who have insurance through Hallmark Financial will see around a $35 increase.

Overall, drivers who use Cameron Mutual end up with the cheaper prices after an accident, with monthly prices averaging $124 compared to Hallmark Financial's $229.

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 speeding ticket or even a collision. For example, Cameron Mutual increases average premiums by over $40 a month -- that's just under a 30% increase.

If you have a DUI on your record and are looking for more affordable rates, Cameron Mutual tends to be the much more affordable option with average premiums of $152 monthly compared to $212 from Hallmark Financial.

How does Credit Score Impact Cameron Mutual and Hallmark Financial Rates?

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

The reasoning auto insurance carriers use is that policyholders 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 usually be forced to pay more.

Looking specifically at Cameron Mutual and Hallmark Financial, which carrier has the lowest rates for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have a solid credit score, you'll usually find a better deal with Cameron Mutual. Policyholders with "excellent" credit can save nearly 55% compared to Hallmark Financial, and those with "good" scores can also expect to see savings -- about $88 or 45% cheaper each month.

Which Company is Best for Drivers with Bad Credit?

Cameron Mutual typically offers lower premiums than Hallmark Financial when it comes to drivers with bad credit. Drivers with "fair" credit pay around $83 per month less with Cameron Mutual compared to Hallmark Financial, and those with "poor" scores typically save an average of about $80 a month.

Is Cameron Mutual or Hallmark 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 your monthly prices. Generally, those who drive less will end up with less expensive rates since there's less of a chance of getting into an accident and causing an insurance claim.

In this case, neither Cameron Mutual or Hallmark Financial report increasing prices for drivers with higher annual mileage figures. That being said, Cameron Mutual comes out as the cheapest for drivers at both intervals, whether they put 6,000 or 12,000 miles on their vehicle yearly, with average premiums of $124 a month for both.

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

Where you call home can have a big impact on your monthly car insurance payment. Typically, drivers who live in heavily-populated urban areas will pay quite a bit more than rural policyholders due to the number of cars that are on the roads in those areas.

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

For drivers in urban ZIP codes, Cameron Mutual offers rates around $134 monthly compared to Hallmark Financial's $225. People who live in suburban ZIP codes can expect to pay about $122 per month for Cameron Mutual and $229 for Hallmark Financial. Lastly, those in rural areas tend to get the cheapest premiums from both carriers, with average monthly prices coming in at $116 and $178 for Cameron Mutual and Hallmark Financial respectively.

Cameron Mutual vs. Hallmark Financial Discounts

You want to save as much money as possible, right? The best way to do that is by utilizing as many insurance discounts as you can.

But with what seems like a million different discounts out there, it can be hard to find all the ones you can take advantage of or to nail down the company that has the most discounts for your unique driver profile.

In the section below, we've broken down all of the different discounts offered by both Cameron Mutual and Hallmark Financial so that you can easily see which company offers the most discounts and, therefore, the biggest savings.

Looking at the total number of discounts, Cameron Mutual has a slight advantage when it comes to total number of discounts. Hallmark Financial offers a grand total of four discounts, while Cameron Mutual has six.

There are a couple discounts both companies offer, but Cameron Mutual also offers good student discounts, renewal discounts, and umbrella policy discounts that Hallmark Financial does not.

On the flip side, Hallmark Financial has a unique discount of its own -- a foreign license discounts.

Final Thoughts: Is Cameron Mutual or Hallmark Financial Best for You?

You've seen the effect certain variables have on your auto insurance and the different discounts carriers offer. But, when it comes down to it, is Cameron Mutual or Hallmark Financial the right fit for you?

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

• You have a clean record.
• You have above-average credit.
• You are purchasing your car insurance with a spouse.

Hallmark Financial might be best for you if...

• You have a more unique driver profile than those we mentioned above.

We hope this guide helps you get a better idea of the difference between Cameron Mutual and Hallmark Financial and that it aids in making a more informed decision about your auto 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 car insurance -- comparing quotes from multiple companies, not just Cameron Mutual and Hallmark Financial. Luckily, sites like Compare.com make it easy for you to do just that. Simply enter your ZIP codes below and get multiple quotes from some of the best insurance carriers in your area, all for free.

Cameron Mutual vs. Hallmark Financial FAQs

Is Cameron Mutual or Hallmark Financial cheaper?

Looking just at the national average premiums, Cameron Mutual is the cheaper of the two companies, offering average rates of $124 a month compared to $211 for Hallmark Financial. That being said, Cameron Mutual won't necessarily be the lowest carrier for every driver, since there are a range 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 Hallmark Financial?

Sadly, the answer truly is "it depends.". No single company is necessarily "better" for each driver -- it all comes down to what your unique car insurance profile looks like.

Why do Cameron Mutual and Hallmark Financial offer me different rates?

Auto insurance carriers take a look at several different variables when determining the rates they charge policyholders. Factors like where you park your vehicle, where you live, age, gender, and sometimes even things like your credit score can all come into play. Both Cameron Mutual and Hallmark Financial calculate prices differently, so each one will most likely offer different rates. The only real way to see which carrier is the most affordable for you is by comparing personalized quotes from lots of different companies.

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

The only way to find the insurance company 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 free quotes from dozens of the best car insurance companies in your area. That way, you can guarantee you're getting the best premium. And who knows, the best carrier for you might not be Cameron Mutual or Hallmark Financial 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.