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

Quick Facts

• Based on national averages for auto insurance, Cig offers significantly less expensive rates than Chubb
• Cig offers more discounts than Chubb
• Cig offers more affordable average premiums for drivers who have an at-fault accident on their record

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

Are you considering a new insurance policy? With so many ads from all sorts of companies offering large discounts, you're probably wondering exactly how much you might be able to save.

You've maybe even narrowed it down to Chubb or Cig as potential options, but between the two, which one will offer you cheaper prices?

Looking at the national average rates for both companies, Cig has average rates that are about 60% per month less expensive than those from Chubb.

However, that doesn't necessarily mean Cig will be the more affordable option for every single driver. After all, insurance carriers can offer drastically different rates to each driver depending on rating factors like your age, where you call home, your credit score, or even your driving record (among other things). So, at the end of the day, rates from every carrier will differ quite a bit from person to person.

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

Chubb or Cig: Average Car Insurance Rates by State

Chubb and Cig only compete against each other in two states, with Cig offering cheaper prices to the average driver in all of them. California has the most noticable difference, where Cig rates are over 70% less expensive than car insurance premiums at Chubb.

But there's more to calculating auto insurance prices 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 insurance compared to older drivers. That's usually because young, inexperienced 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 car insurance premiums. As you can see above, teens who use Cig save nearly $400 a month compared to those who use Chubb.

Even so, both companies will offer you dramatically lower rates once you turn 25. For example, average prices for Chubb policyholders drop almost $350 and Cig's premiums decrease more than $100 over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll generally enjoy the most affordable 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 prices for insurance.

But who has the best rates for retired drivers between Chubb and Cig? Cig gets the edge, with premiums for drivers 65 and older nearly 55% cheaper than the national average for Chubb.

Which is the Best Company for Married Drivers?

Single policyholders tend to get offered slightly more expensive auto insurance rates than married policyholders. That's because policies for married couples normally cover more than one car, which many carriers will offer you a discount for.

When it comes to relationship status, Cig is the clear winner for those who are single, with prices around $199 per month more affordable than Chubb, on average. For married drivers, the advantage is clear again - Cig has the edge when it comes to average premiums.

Chubb vs. Cig: Average Rates by Gender

You may not know, but men typically pay more for car insurance than women do. This is because men are statistically more likely than women to get into an accident or get pulled over for speeding, which leads to increased risk for insurers and, therefore, higher prices.

Men normally pay about 4% more a month than women with Chubb, and around 3% with Cig.

Looking at overall affordability, Cig comes out as the cheapest option for both genders, with average premiums $175 less for men and $168 cheaper for women.

Chubb or Cig: 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 insurance can be a complicated subject for most people. Everyone needs auto insurance, but there are so many different limits and coverages that it can be hard to find the right policy.

But the most common policies that many drivers look at fall into two categories -- liability only (which provides property damage and bodily injury coverage for other drivers and their passengers if you cause a collision) and full coverage (which includes two additional coverages -- comprehensive and collision -- in addition to what you get with a liability policy).

If you're looking for state minimum limits for liability insurance, Cig generally offers significantly cheaper rates of $71 compared to Chubb's $169. When it comes to full coverage policies with similar limits, Cig again has the edge, with policies about $250 per month less expensive than Chubb, on average.

Is Chubb or Cig 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.

At-fault accidents and tickets will most likely raise your prices, but is Chubb or Cig more affordable for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Chubb policyholders can expect their premiums to go up an average of $38 a month if they get a ticket, while Cig usually raises rates around $24 per month, on average.

That being said, Cig has less expensive prices for drivers in both categories, offering rates that are $135 and $149 more affordable, respectively, compared to Chubb.

Which Company is Best for Drivers After an Accident?

Chubb drivers who get in an accident can expect to see their premiums climb by over $65, while those who have insurance through Cig will see about a $30 increase.

Overall, Cig offers the lowest prices for drivers with an at-fault collision on their records, with monthly rates averaging $118 compared to Chubb's $290.

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. On average, Chubb will climb your premiums around 43% after a DUI, while Cig's average prices increase by just under 45%.

If you have a DUI on your record and are looking for more affordable rates, Cig tends to be the much cheaper option with average premiums of $157 monthly compared to $389 from Chubb.

How does Credit Score Impact Chubb and Cig Rates?

In many cases, your credit score can come into play when companies calculate your monthly bill. This isn't always the case (California, for example, has banned the use of credit score as a rating factor) but it will come into play for several policyholders.

The reasoning insurance carriers use is that drivers with bad credit will be less likely to pay their bills on time; so normally, they'll be asked to pay more, while those with good credit will be rewarded with less expensive prices.

Looking at Chubb and Cig specifically, which carrier has the most affordable premiums for policyholders 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 Cig. Drivers with "excellent" credit can save over 50% compared to Chubb, and those with "good" scores can also expect to see savings -- about $103 or 52% more affordable each month.

Which Company is Best for Drivers with Bad Credit?

Cig typically offers lower rates than Chubb when it comes to drivers with bad credit. Drivers with "fair" credit pay around $111 a month less with Cig compared to Chubb, and those with "poor" scores usually save an average of about $394 per month.

Is Chubb or Cig 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 big impact on your monthly prices? Typically, the more miles you put on your vehicle, the more you can expect to pay for coverage.

For both drivers who put 6,000 miles on their vehicles annually, as well as those who average twice that figure, Cig offers cheaper premiums than Chubb. Cig average rates for drivers with 6,000 annual miles come in over $150 less expensive than Chubb. Those who drive 12,000 miles yearly can expect to pay more than $150 less with Cig over Chubb.

Chubb vs. Cig: 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 car insurance, but the type of area you live in can have a substantial impact as well. Generally, policyholders who live in less densely populated rural areas will pay quite a bit less than urban drivers due to the small number of cars that are on the roads in those areas.

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

For policyholders in urban ZIP codes, Cig offers rates around $128 a month compared to Chubb's $360. People who live in suburban ZIP codes can expect to pay about $123 per month for Cig and $260 for Chubb. Lastly, those in rural areas tend to get the most affordable prices from both companies, with average monthly premiums coming in at $106 and $252 for Cig and Chubb respectively.

Chubb vs. Cig 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. That's where car insurance discounts comes into play.

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

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

Cig knocks Chubb out of the park when it comes to the sheer number of discounts available, offering 10 more discounts than Chubb.

A couple of those are overlapping for things like ABS discounts, discounts for being a defensive driver, discounts for being a good student, and passive restraint discounts. Cig also offers advance quote discounts, company car discounts, employee discounts, and more that Chubb does not.

On the flip side, Chubb has a couple unique discounts of its own -- discounts for getting driver training, driver-vehicle combination discounts, DRL discounts, and more.

Final Thoughts: Is Chubb or Cig Best for You?

You've seen the role certain factors have on your insurance and the different discounts carriers offer. But, at the end of the day, which insurance carrier is the best company for you, your vehicle, and your wallet?

Cig might be best for you if....

• You have received a ticket within the last few years.
• You live in an urban area.
• You drive fewer than 6,000 miles every year.

Chubb might be best for you if...

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

We hope this guide has ben a valuable resource as you compare Chubb and Cig and that you can now make a more informed decision when it comes to your auto 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 a handful of companies, not just Chubb and Cig. Luckily, sites like Compare.com do all the hard work for you. Just enter your ZIP code below and get free quotes from dozens of top auto insurance carriers in your area, all in just a few minutes.

Chubb vs. Cig FAQs

Is Chubb or Cig cheaper?

Looking just at the national average prices, Cig is the cheaper of the two companies, offering average rates of $119 a month compared to $291 for Chubb. But Cig won't necessarily be the lowest company for each policyholder, since there are lots of different variables that are considered when it comes to your car insurance cost.

Who is better, Chubb or Cig?

Sadly, the answer truly is "it depends.". Neither carrier is "better" for everyone -- it all depends on what your unique insurance profile looks like.

Why do Chubb and Cig offer me different rates?

Auto insurance carriers take a look at a lot of different factors when calculating the premiums they charge drivers. Things like your driving record, age, where you call home, gender, and sometimes even things like your credit score can all be used. Both Chubb and Cig use different formulas, so each one will most likely offer different rates. The only real way to see which company is the cheapest for you is by comparing personalized quotes from a bunch of different companies.

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

The only way to find the car insurance carrier that's right for you is by getting quotes from multiple carriers and finding the one best suited for your individual budget. Luckily, Compare.com does all the hard work for you. Just enter your area information and you'll get free quotes from dozens of the best insurance companies in your area. That way, you can guarantee you're getting the best price. And who knows, the best company for you might not be Chubb or Cig 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.