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

Quick Facts

• Based on national averages for car insurance, Cameron Mutual offers significantly less expensive premiums than Nationwide
• Cameron Mutual has cheaper rates for policyholders who haven't received any speeding tickets or been in an accident in the last few years
• Nationwide offers more discounts than Cameron Mutual Insurance Company

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

Are you in the market for a new insurance policy? After all, you've seen ads from all sorts of companies offering sizable discounts. But exactly how much can you save by switching?

You might be considering Cameron Mutual or Nationwide, but which one will offer you more affordable premiums?

Looking at the national average rates for both companies, Cameron Mutual has average rates that are about 25% per month cheaper than those from Nationwide.

But that doesn't necessarily mean Cameron Mutual will be the less expensive option for every single driver. Insurance carriers use a ton of complex algorithms to calculate rates, so depending on where you live or how old you are (among lots of other factors), you could see wildly different prices from the ones above.

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

Cameron Mutual or Nationwide: Average Car Insurance Rates by State

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

There are plenty of other factors that go into your car insurance payment than just where you live. Read on to learn more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- generally pay a lot for auto insurance compared to older drivers. It's because young, inexperienced drivers are statistically much more likely to get into an accident that results in an auto insurance claim, making them much riskier to insure.

That being said, that doesn't mean teen drivers can't still save money on their insurance. Just look at the table above -- where 18-year-old drivers who have Cameron Mutual for their car insurance pay $100 less than those who use Nationwide.

However, with both companies, you'll see your prices reduce significantly once you turn 25. For example, average premiums for Cameron Mutual policyholders lower more than $150 and Nationwide's prices decrease nearly $250 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 most affordable rates out there.

When looking at Cameron Mutual and Nationwide specifically, which carrier is best for retired drivers? Cameron Mutual gets the edge, with premiums for drivers 65 and older $46 more affordable than the national average for Nationwide.

Which is the Best Company for Married Drivers?

Did you know that auto insurance rates are typically less expensive for married couples than they are for single drivers? That's because policies for married policyholders usually cover several cars, which lots of carriers will offer you a discount for.

When it comes to relationship status, Cameron Mutual is the clear winner for single policyholders, with prices around $54 a month more affordable than Nationwide, on average. The advantage for married drivers with Cameron Mutual is also obvious, where drivers save about $35 per month.

Cameron Mutual vs. Nationwide: Average Rates by Gender

Did you know men tend to pay more for car insurance than women? This is because women are less likely to get tickets and get into accidents, which lowers the chances of an insurance claim.

Usually, men see premiums around $15 a month higher with Cameron Mutual, while with Nationwide, the difference is closer to $12 per month.

Looking at the data for each company specifically, Cameron Mutual comes out on top for both men and women. On average, women save about $46 a month and men save about $45 with Cameron Mutual compared to the average Nationwide policyholder.

Cameron Mutual or Nationwide: 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.

Insurance can be a complicated subject for most people. There are a variety of different coverages that account for lots of different things. Some protect you and your vehicle, while others only provide coverage for other people's property and health if you cause a collision.

Even so, most policies end up falling into two different types of coverage -- liability only (which covers the other party's injuries and property damage if you cause an accident) and full coverage (which includes two additional coverages -- comprehensive and collision -- alongside what you get with a liability policy).

If you're looking for state minimum limits for liability insurance, Cameron Mutual normally offers significantly less expensive rates of $53 compared to Nationwide's $112. When it comes to full coverage policies with similar limits, Cameron Mutual again has the edge, with policies around $35 per month cheaper than Nationwide, on average.

Is Cameron Mutual or Nationwide 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.

You'll probably end up paying more with accidents and tickets on your record, but which of these two companies offers the lowest premiums 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 Nationwide policyholders can expect to see their monthly bill increase by.

However, Cameron Mutual tends to offer the best prices for both drivers who have clean records and those with a recent ticket -- their rates are around 12% more affordable for drivers with clean records and 26% less expensive for those with a ticket.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their auto insurance through Cameron Mutual can expect to see about an $14 -- or around 11% -- increase in their car insurance premiums. Drivers who use Nationwide for their insurance will see a monthly bill about $53 (or 30%) more expensive after reporting a collision to their car insurance carrier.

Overall, Cameron Mutual offers the most affordable prices for drivers with an at-fault accident on their records, with monthly rates averaging $124 compared to Nationwide's $178.

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 an accident. On average, Nationwide will climb your premiums around 46% after a DUI, while Cameron Mutual's average prices climb by just under 30%.

How does Credit Score Impact Cameron Mutual and Nationwide Rates?

Did you know that many auto 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 will come into play for many policyholders.

The reasoning insurance carriers 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 usually be forced to pay more.

So, which company offers the cheapest premiums for policyholders with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Cameron Mutual or Nationwide 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 pretty big impact on how much car insurance companies will charge for coverage? That's because the more miles you put on your vehicle each year, the more likely you are to get into a collision and cause 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 Nationwide, with drivers who put 6,000 miles on their car annually paying about $1 less each month compared to those who drive 12,000 miles every year. Still, Cameron Mutual is the cheaper option for drivers in both categories.

Cameron Mutual vs. Nationwide: 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 insurance, but the type of area you live in can have a large impact as well. Typically, those who live in rural areas will pay less than drivers in urban areas because there are a lot fewer vehicles on the roads in those areas.

Cameron Mutual tends to offer the lowest premiums for drivers in all types of areas, no matter if they're urban, suburban, or rural.

Policyholders 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 less expensive average prices for drivers in urban and suburban ZIP codes -- a 33% and 23% a month respective difference when compared to Nationwide policyholders in similar areas.

Cameron Mutual vs. Nationwide Discounts

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

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

In the table below, we've compared all of the different discounts offered by Cameron Mutual and Nationwide so that you can easily see which company offers the most discounts and, therefore, the biggest savings.

Nationwide blows Cameron Mutual away when it comes to the sheer amount of discounts available, offering 22 different discounts to Cameron Mutual's six.

There are a couple discounts both companies offer, but Nationwide also offers advance quote discounts, agency transfer discounts, anti-theft discounts, and more that Cameron Mutual does not.

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

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

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

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

• You're single and purchasing car insurance by yourself.
• You already have a great credit score.
• You're buying auto insurance for a teen and looking for a wallet-friendly option.

Nationwide might be best for you if...

• You're thinking about moving to another state -- undefined is only available to residents.
• You're looking for the carrier with the most discounts.

We hope this guide has ben a valuable resource as you compare Cameron Mutual and Nationwide. 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 Nationwide. 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. Nationwide FAQs

Is Cameron Mutual or Nationwide cheaper?

Looking just at the national average rates, Cameron Mutual is the more affordable of the two carriers, offering average rates of $124 per month compared to $170 for Nationwide. But Cameron Mutual won't necessarily be the most affordable company for each policyholder, since there are a range of different variables (things like gender, age, driving record, etc.) that play a role in how much you pay.

Who is better, Cameron Mutual or Nationwide?

Unfortunately, the only answer we can give you is "it depends.". One carrier is not necessarily "better" for every driver -- it all depends on the makeup of your unique car insurance profile.

Why do Cameron Mutual and Nationwide offer me different rates?

Auto insurance companies take a look at several different factors when determining the prices they charge drivers. Variables such as where you park your car, gender, age, where your home is, and sometimes even things like your credit score can all be taken into consideration. Both Cameron Mutual and Nationwide calculate premiums differently, so each one will most likely offer different rates. The only real way to see which company is the lowest for you is by comparing personalized quotes from multiple different carriers.

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

The only way to find the insurance carrier that's right for you is by getting quotes from multiple 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 auto insurance carriers in your area. With those, you can guarantee you're getting the cheapest price. And who knows, the best company for you might not be Cameron Mutual or Nationwide 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.