Central Mutual vs. Chubb: Which Company is the Best Fit for You?

Quick Facts

• In general, Chubb offers more affordable rates than Central Mutual
• Central Mutual offers more affordable prices for residents of rural areas
• Chubb offers cheaper average rates for people who are single and purchasing insurance by yourself

Central Mutual vs. Chubb: Which Company has the Cheapest Car Insurance?

So, you're thinking about switching your auto insurance. After all, you've seen ads from all sorts of companies offering sizable discounts. But exactly how much can you save by switching?

You've maybe even narrowed your search down to Central Mutual or Chubb, but between the two, which company will save you the most?

Looking at nationwide averages, Chubb has average rates that are about 14% per month less expensive than those from Central Mutual.

But that doesn't mean Chubb will necessarily be cheaper than Central Mutual for every driver. Auto insurance companies vary their prices depending on things like where you live, how clean your driving record is, how good your credit score is, how old you are, and tons of other factors, so premiums could change drastically from person to person.

Luckily, we've broken down average prices from both Central Mutual and Chubb by multiple different rate factors, so read on to find out which company is the best for you.

Central Mutual or Chubb: Average Car Insurance Rates by State

Central Mutual and Chubb only compete against each other in one states, with Chubb offering less expensive premiums to the average driver in all of them. New York has the most noticable difference, where Chubb rates are over 70% more affordable than car insurance premiums at Central Mutual.

There are plenty of other factors that go into your insurance bill than just the state you live in. Read on to find out more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- typically pay a lot for auto insurance compared to older drivers. It's generally 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 rates, teen drivers can still find ways to save money. Just look at the table above -- where 18-year-old drivers who have Central Mutual for their car insurance pay nearly $55 less than those who use Chubb.

Even so, both carriers will offer you dramatically lower prices once you turn 25. For example, average rates for Central Mutual policyholders reduce almost 45% and Chubb's prices lower nearly 55% over that time.

Which is the Best Company for Retired Drivers?

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

So, which carrier offers the best prices to retired drivers? Chubb gets the edge, with premiums for drivers 65 and older $88 cheaper than the national average for Central Mutual.

Which is the Best Company for Married Drivers?

You may not be aware, but car insurance rates tend to be more expensive for those who are single than they are for married drivers. That's normally because married couples tend to own and insure more than one car, which can often earn you a discount.

When it comes to relationship status, the two companies are comparable for single drivers, with premiums only differing around $35 a month, on average. But for married policyholders, the advantage is clear - Chubb offers the lowest average prices.

Central Mutual vs. Chubb: Average Rates by Gender

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

On average, women see rates about 4% per month less with Central Mutual, and around 4% less with Chubb when compared to their male counterparts.

When it comes to the most affordable prices for each gender, Chubb comes out on top for both men and women. On average, male drivers save about $51 a month and women save about $48 with Chubb compared to the average Central Mutual policyholder.

Central Mutual or Chubb: 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.

For most people, auto insurance can be pretty complicated. There are a variety of different coverages that account for many 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.

However, the most common policies that many drivers look at fall into two categories -- liability only (which provides bodily injury and property damage coverage 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 what you get with liability).

If you're looking for state minimum liability limits, Chubb usually offers slightly less expensive premiums of $169 compared to Central Mutual's $174. When it comes to full coverage policies with similar limits, Chubb again has the edge, with policies around $95 per month more affordable than Central Mutual, on average.

Is Central Mutual or Chubb Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their car 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 carriers offers the lowest rates to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Central Mutual policyholders can expect their prices to go up an average of $84 a month if they get a ticket, while Chubb normally raises premiums about $38 per month, on average.

That being said, Chubb tends to offer the best prices for both drivers who have a recent speeding ticket and those with clean records. Drivers with a clean record can save around $19 a month and drivers with a ticket can save about $65 per month with Chubb.

Which Company is Best for Drivers After an Accident?

Central Mutual drivers who get in an accident can expect to see their prices rise by over 20%, while those who have insurance through Chubb will see around a 25% increase.

Overall, drivers who use Chubb end up with the cheaper prices after an accident, with monthly premiums averaging $290 compared to Central Mutual Insurance's $311.

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 insurance bill -- typically a lot more than a collision or speeding ticket. Central Mutual drivers usually see a 50% raise in their auto insurance rates after a DUI charge, while Chubb will usually increase premiums by about 43%.

If you have a DUI on your record and are looking for more affordable rates, Chubb tends to be the much cheaper option with average prices of $389 a month compared to $482 from Central Mutual.

How does Credit Score Impact Central Mutual and Chubb Rates?

Did you know that many insurance companies take your credit score into account when calculating premiums? This isn't always the case (for example, Massachusetts and California are two states that ban the practice entirely), but it might come into play for several policyholders.

Auto 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, drivers with good credit will often be rewarded with more affordable rates.

So, which company offers the cheapest prices 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 Central Mutual or Chubb Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a large impact on your monthly car insurance cost. Normally, the more miles you put on your car, the more you can expect to pay for auto insurance.

For both drivers who put 6,000 miles on their vehicles annually, as well as those who average twice that figure, Chubb tends to be the less expensive option. Central Mutual average rates for drivers with 6,000 annual miles come in around $49 more expensive than Chubb. Those who drive 12,000 miles yearly can expect to pay about $49 more with Central Mutual over Chubb.

Central Mutual vs. Chubb: Compare Rates for Urban, Suburban, and Rural Drivers

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

When comparing these two companies side-by-side, Chubb typically comes out as the cheaper option for drivers in urban and suburban areas, while Central Mutual wins in rural areas.

For drivers in urban ZIP codes, Chubb's average prices are around $360 a month compared to Central Mutual's $529. People in suburban areas pay about $260 with Chubb compared to Central Mutual's $263 per month. Those in rural areas can expect to pay around $228 monthly with Central Mutual compared to Chubb's $252.

Central Mutual vs. Chubb 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, and the best way to do that is by taking advantage of as many car 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're eligible for.

Below, we've taken a look at all of the different discounts Central Mutual and Chubb offer their customers so that you can find the one that has the most discounts and, therefore, the biggest savings.

You can find offers for anti-theft discounts, distant student discounts, discounts for getting driver training, and multi-policy discounts from both carriers.

Final Thoughts: Is Central Mutual or Chubb Best for You?

So, we've broken down the average premiums for many of the factors insurance companies look at, and walked through the different discounts each carrier offers, too. But, when it comes down to it, which insurance company is the best company for you and your specific profile and needs?

Chubb might be best for you if....

• You have a DUI charge on your record.
• Your driving record contains an at-fault accident.
• Your home is located in the suburbs.

Central Mutual might be best for you if...

• You live in a rural neighborhood.
• You're buying car insurance for a teen and looking for a wallet-friendly option.

We hope this guide helps you get a good idea of the differences between Central Mutual and Chubb and that you can now make a more informed decision when it comes to your insurance.

At the end of the day, the best way to make sure you're getting the best deal on your auto insurance policy is to compare quotes from a handful of carriers, not just Central Mutual and Chubb. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your ZIP code below and get multiple quotes from some of the best insurance companies in your area, all for free.

Central Mutual vs. Chubb FAQs

Is Central Mutual or Chubb cheaper?

Looking just at the national average prices, Chubb is the less expensive of the two carriers, offering average rates of $291 per month compared to $340 for Central Mutual. But Chubb won't necessarily be the lowest carrier for everyone, since there are a bunch of different variables that are considered when it comes to your auto insurance cost.

Who is better, Central Mutual or Chubb?

Sadly, the answer truly is "it depends.". Neither company is "better" for each driver -- it all depends on what your unique car insurance profile looks like. For example, Chubb offers more affordable premiums for drivers with an at-fault collision on their record, while Central Mutual is cheaper for drivers who have less-than-stellar credit scores.

Why do Central Mutual and Chubb offer me different rates?

Auto insurance companies take a look at many different factors when determining the rates they charge policyholders. Things such as age, your driving record, gender, where your home is, and sometimes even things like your credit score can all come into play. Both Central Mutual and Chubb calculate premiums differently, so each one will most likely offer different rates. The only real way to see which carrier is the cheapest for you is by comparing personalized quotes from lots of different carriers.

How do I know if Central Mutual or Chubb is right for me?

The only way to find the car insurance company that's right for you is by getting quotes from multiple companies 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 information once and you'll get free quotes from dozens of the best insurance carriers in your area. With those, you can guarantee you're getting the most affordable rate. And who knows, the best carrier for you might not be Central Mutual or Chubb 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.