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

Quick Facts

• Based on national averages for car insurance, Cameron Mutual offers significantly more affordable premiums than Hanover
• Cameron Mutual tends to be a much less expensive option for policyholders who live in the suburbs
• Hanover may help you save more money -- they offer more discounts than Cameron Mutual Insurance Company

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

Are you considering 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 be considering Cameron Mutual or Hanover, but which carrier has cheaper rates for auto insurance?

Looking at the national average rates for both carriers, Cameron Mutual has average rates that are around 85% a month less expensive than those from Hanover.

Even so, Cameron Mutual may not be the cheapest or best option for each driver out there. After all, car insurance companies can offer drastically different rates to every 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 each carrier will differ quite a bit from person to person.

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

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

Cameron Mutual and Hanover only compete against each other in one states, with Cameron Mutual offering more affordable rates to the average driver in all of them. Arkansas has the most noticable difference, where Cameron Mutual prices are $666 cheaper than insurance premiums at Hanover.

But there's more to auto insurance than just your home state. As we mentioned above, there's a lot of things that go into how insurance carriers determine your rates. Continue reading to see how other variables will affect your rates.

Which is the Best Company For Young Drivers?

You might already know that teen drivers normally pay a lot more for car insurance than any group on the road. It's usually because teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

That being said, 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 over 85% less per month by choosing Cameron Mutual over Hanover.

However, both companies will drop rates by the time drivers turn 25. For example, average premiums for Cameron Mutual policyholders decrease more than 55% and Hanover's prices lower over 60% over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll typically enjoy the lowest auto insurance rates out there. You've been on the road for years, and all that experience pays off when it comes to your monthly premiums for car insurance.

But who has the best prices for retired drivers between Cameron Mutual and Hanover? Cameron Mutual gets the edge, with rates for drivers 65 and older more than 85% more affordable than the national average for Hanover.

Which is the Best Company for Married Drivers?

Married policyholders tend to get slightly less expensive auto insurance premiums than single policyholders. That's because policies for married drivers generally cover more than one vehicle, which many carriers will give you a discount for.

For single drivers, the difference in average prices between these two companies is significant, with Cameron Mutual rates coming in at about a quarter of Hanover's. The advantage for married couples with Cameron Mutual is also obvious, where drivers save over 85% a month.

Cameron Mutual or Hanover: Average Rates by Gender

Because women are less likely to get into collisions and get tickets, they have a lower chance of filing a claim with insurance. So, women tend to pay less for insurance than men.

Usually, women see premiums almost 10% per month less with Cameron Mutual, and around 7% less with Hanover when compared to their male counterparts.

Looking at overall affordability, Cameron Mutual comes out as the most affordable option for both genders. On average, women save about $705 a month and men save about $752 with Cameron Mutual compared to the average Hanover policyholder.

Cameron Mutual vs. Hanover: 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 car insurance can be pretty complicated. There are so many different limits and terms that it can make it pretty confusing to find the right policy for you.

The two most common policies that drivers look at fall into two categories -- liability coverage (which provides property damage and bodily injury coverage for other drivers and passengers if you cause a collision) and full coverage (which normally refers to having collision and comprehensive coverages 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 around $195 per month to Hanover's 1196.

Is Cameron Mutual or Hanover 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.

Speeding tickets and at-fault collisions will most likely raise your rates, but is Cameron Mutual or Hanover cheaper for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders with Cameron Mutual auto insurance policies don't report seeing their premiums increase after getting a ticket, but Hanover policyholders can expect to see their monthly bill increase by about a quarter.

But Cameron Mutual has less expensive prices for drivers in both categories, offering premiums that are 82% and 87% more affordable, respectively, compared to Hanover Insurance.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their car insurance through Cameron Mutual can expect to see around an $14 -- or about 11% -- rise in their insurance rates. Drivers who use Hanover for their car insurance will see a monthly bill around $326 (or 35%) more expensive after reporting an accident to their auto insurance carrier.

At the end of the day, Cameron Mutual offers the cheapest prices for drivers with an at-fault collision on their records, with average premiums coming in at $124 compared to Hanover Insurance's $943.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single accident or speeding ticket when it comes to your insurance bill. On average, Hanover will climb your rates about 39% after a DUI, while Cameron Mutual's average premiums climb by nearly 30%.

But if you end up with a DUI charge and are looking for more affordable rates, Cameron Mutual tends to be cheaper for the average driver, with monthly premiums coming in at around $152 to Hanover's 1013.

How does Credit Score Impact Cameron Mutual and Hanover Rates?

You may not realized it, but your credit score can come into play when carriers calculate your monthly bill. This isn't true for everyone (Massachusetts, for example, has banned the use of credit score as an insurance factor) but it will come into play for quite a few drivers.

The reasoning car insurance companies 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 generally be forced to pay more.

So, which company offers the lowest premiums for drivers with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

If you have a great credit score, Cameron Mutual will usually reward you the most. For policyholders with "excellent" credit scores, Cameron Mutual comes in more than 61.82 less expensive. Drivers with "good" credit scores typically save about 80% with Cameron Mutual compared to average prices from Hanover.

Which Company is Best for Drivers with Bad Credit?

Cameron Mutual typically offers lower rates than Hanover when it comes to drivers with a below average credit score. Drivers with "fair" credit pay around 85% a month less with Cameron Mutual compared to Hanover, and those with "poor" scores normally save an average of about 91% monthly.

Is Cameron Mutual or Hanover 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 cheaper premiums since there's less of a chance of causing a collision and filing an insurance claim.

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 rates for Hanover, with policyholders who drive 6,000 miles yearly paying around $1 less every month compared to those who drive 12,000 miles annually. Still, for drivers in both categories, Cameron Mutual is the more affordable carrier.

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

We've already mentioned how your home state can play a role in how much you pay for auto insurance, but the type of area you live in can have a pretty big impact as well. Typically, those who live in urban areas will pay more than drivers in rural areas since there are a lot more cars on the roads where they live.

Cameron Mutual tends to offer the cheapest rates for drivers in all areas, regardless of if they're urban, suburban, or rural.

Those in rural areas can expect to save about $634 with Cameron Mutual compared to Hanover. People who live in suburban areas pay around $720 less with Cameron Mutual compared to Hanover. For policyholders in urban ZIP codes, Cameron Mutual Insurance Company's average prices are about $832 less than Hanover Insurance.

Cameron Mutual vs. Hanover Discounts

No matter why you might be in the market for a new 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.

But where do you even start? With so many discounts out there, it may seem challenging to find all the of the ones you can take advantage of.

Luckily, we did the hard work for you and broke down all of the different discounts offered by both Cameron Mutual and Hanover so that you can see which one can save you the most money each month.

Hanover blows Cameron Mutual away when it comes to the sheer amount of discounts available, offering 21 different discounts to Cameron Mutual's six.

A couple of those are overlapping for things like discounts for being a defensive driver, discounts for being a good student, and passive restraint discounts. Hanover also offers discounts for ABS, advance quote, annual mileage, and more.

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

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

So, we've broken down the average premiums for many of the factors auto insurance carriers look at, and walked through the different discounts each carrier offers, too. That's all well and good, but when it comes down to it, which insurance company is the right company for you, your vehicle, and your wallet?

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

• You haven't received any speeding tickets or been in an accident in the last few years.
• Your home is located in the suburbs.
• You live in a rural neighborhood.

Hanover might be best for you if...

• You're looking for the carrier with the most discounts.

Hopefully, this guide has ben a valuable resource as you compare Cameron Mutual and Hanover. 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 companies, not just Cameron Mutual and Hanover. Luckily, Compare.com does all the hard work for you. Simply enter your ZIP codes below and get multiple quotes from some of the best auto insurance carriers in your area, all for free.

Cameron Mutual vs. Hanover FAQs

Is Cameron Mutual or Hanover cheaper?

Cameron Mutual is the less expensive of the two companies when looking at national average rates, with policies averaging $124 per month with Cameron Mutual and $853 for Hanover. That being said, that doesn't mean Cameron Mutual will be the lowest company for each policyholder, since there are a range of different variables that come into play when it comes to your insurance payment.

Who is better, Cameron Mutual or Hanover?

Unfortunately, the real answer is "it depends.". Neither carrier is "better" for everyone -- it all comes down to what your unique car insurance profile looks like.

Why do Cameron Mutual and Hanover offer me different rates?

Auto insurance carriers use several different factors when determining the prices they charge. Variables such as gender, where you live, age, your driving record, and sometimes even things like your credit score can all be taken into consideration. Both Cameron Mutual and Hanover calculate rates using different formulas, so it's likely they'll offer different premiums. The best way to determine which company is the most affordable for you is by comparing personalized quotes from multiple different companies.

How do I know if Cameron Mutual or Hanover 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. With those, you can guarantee you're getting the cheapest premium. And maybe you'll find that the best company for you isn't Cameron Mutual or Hanover 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.