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

Looking for car insurance and wondering if Chubb or Cincinatti Financial is the right company for you? If so, you're probably wondering which carrier has the lowest rates or the biggest discounts. Luckily, we've done the heavy lifting for you and compared the two companies to help you find the best deal on your next insurance policy.
Newly insured car driving down the road
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Quick Facts

  • Looking at the national averages for auto insurance, Cincinatti Financial offers significantly more affordable prices than Chubb
  • Chubb offers more discounts than Cincinatti Financial
  • Cincinatti Financial offers less expensive average premiums for residents of rural areas


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

Are you in the market for a new insurance policy? You've probably seen commercials and billboards from companies offering pretty big discounts, but exactly how much money can you save by switching?

You might have narrowed it down to Chubb or Cincinatti Financial as potential options, but between the two, which one has cheaper prices for insurance?

Chubb Cincinatti Financial
$291$200

Looking at nationwide averages, Chubb is quite a bit more expensive than Cincinatti Financial, with premiums averaging $291 per month compared to just $200 with Cincinatti Financial.

Even so, that doesn't mean Cincinatti Financial will necessarily be less expensive than Chubb for every single driver. Auto insurance companies use tons of complex algorithms to calculate rates, so depending on where you live or how clean your driving record is (among multiple other factors), you could see wildly different premiums from the ones above.

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

Chubb or Cincinatti Financial: Average Car Insurance Rates by State

State Chubb Cincinatti Financial
TN$248$194

Chubb and Cincinatti Financial only compete against each other in one states, with Cincinatti Financial offering more affordable prices to the average driver in all of them. Tennessee has the most noticable difference, where Cincinatti Financial premiums are over 20% cheaper than car insurance prices at Chubb.

That being said, there are plenty of other factors that go into your auto insurance payment than just the state you live in. Keep reading to learn more.


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Which is the Best Company For Young Drivers?

Chubb Cincinatti Financial
18-year-old drivers$633$496
25-year-old drivers$288$193

You might already know that teen drivers typically pay a lot more for car insurance than any other group of drivers. It's generally 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 teen drivers can't still save money on their insurance. For example, 18-year-old drivers pay an average of nearly $150 less a month by choosing Cincinatti Financial over Chubb.

However, both carriers will decrease rates once you turn 25. For example, average prices for Chubb policyholders lower almost 55% and Cincinatti Financial's premiums reduce more than 60% over that time.

Which is the Best Company for Retired Drivers?

Chubb Cincinatti Financial
65+-year-old drivers$187$122

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

When looking at Chubb and Cincinatti Financial specifically, which carrier is best for retired drivers? Cincinatti Financial gets the edge, with prices for drivers 65 and older $65 more affordable than the national average for Chubb.

Which is the Best Company for Married Drivers?

Chubb Cincinatti Financial
Single$338$242
Married$227$143

Married couples tend to get slightly less expensive car insurance rates than single policyholders. That's because policies for married policyholders usually cover several cars, which quite a few companies will offer you a discount for.

When it comes to relationship status, Cincinatti Financial is the clear winner for those who are single, with prices about $96 per month cheaper than Chubb, on average. The advantage for married drivers with Cincinatti Financial is also obvious, where drivers save over 35% a month.

Chubb vs. Cincinatti Financial: Average Rates by Gender

Chubb Cincinatti Financial
Male$296$206
Female$285$193

Men are statistically more likely than women to cause a collision and get into accidents. That means when it comes to insurance men will generally end up paying a little more.

With Chubb, men typically pay more than $10 per month more than women, while with Cincinatti Financial, the difference is closer to $13 a month.

When it comes to the cheapest premiums for each gender, Cincinatti Financial offers the most affordable average rates for both men and women. On average, male drivers save about $90 per month and women save around $92 with Cincinatti Financial compared to the average Chubb policyholder.


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Chubb or Cincinatti Financial: Compare State Minimum vs. Full Coverage Rates

Chubb Cincinatti Financial
State Minimum*$169$106
Full Coverage**$412$293

*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. Everyone needs car insurance, but there are so many different limits and terms that it can be hard to find the right policy.

But most policies end up falling into two different types of coverage -- liability only (that covers property damage and bodily injury for other drivers and their passengers if you cause an accident) 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, Cincinatti Financial normally offers significantly less expensive premiums of $106 compared to Chubb's $169. When it comes to full coverage policies with similar limits, Cincinatti Financial again has the edge, with policies about $100 a month more affordable than Chubb, on average.

Is Chubb or Cincinatti Financial 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.

It's no secret secret that tickets and at-fault accidents lead to higher prices, but which company -- Chubb or Cincinatti Financial -- has the lowest rates for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Chubb Cincinatti Financial
Clean Record$223$122
1 Speeding Ticket$261$143

Chubb policyholders can expect their prices to go up an average of $38 per month if they get a ticket, while Cincinatti Financial usually raises rates around $21 a month, on average.

However, Cincinatti Financial is normally the cheaper option for drivers both with a speeding ticket and with a clean record -- their rates are around 45% more affordable for drivers with clean records and 45% less expensive for those with a ticket.

Which Company is Best for Drivers After an Accident?

Chubb Cincinatti Financial
Clean Record$223$122
1 At-Fault Accident$290$214

Chubb drivers who get in a collision can expect to see their premiums climb by just under 25%, while those who have insurance through Cincinatti Financial will see about a 45% increase.

Overall, drivers who use Cincinatti Financial end up with the cheaper prices after an accident, with monthly rates averaging $214 compared to Chubb's $290.

Which Company is Best for Drivers with a DUI?

Chubb Cincinatti Financial
Clean Record$223$122
1 DUI$389$320

On average, a DUI offense is going to cost you much more than a single accident or ticket when it comes to your insurance bill. For example, Cincinatti Financial increases average prices by just under $200 per month -- that's over a 60% increase.

If you have a DUI on your record and are looking for more affordable premiums, Cincinatti Financial tends to be the much cheaper option with average prices of $320 monthly compared to $389 from Chubb.


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How does Credit Score Impact Chubb and Cincinatti Financial Rates?

Often times, your credit score can be used as one of the factors to determine your monthly car insurance premiums. This isn't always the case (Massachusetts, for example, has banned the use of credit score as a rating factor) but it does affect many policyholders out there.

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 less expensive rates.

Looking at Chubb and Cincinatti Financial specifically, which company has the cheapest premiums for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

Chubb Cincinatti Financial
Excellent Credit Score$164$147
Good Credit Score$197$172

Which Company is Best for Drivers with Bad Credit?

Chubb Cincinatti Financial
Fair Credit Score$229$198
Poor Credit Score$566$281

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Is Chubb or Cincinatti Financial Better for Drivers who Work from Home or Have Short Commutes?

Chubb Cincinatti Financial
6,000 Annual Miles$286$200
12,000 Annual Miles$296$200

Did you know that the amount of time you spend in your car have a large impact on your monthly rates? Typically, those who drive less will end up with cheaper prices since there's less of a chance of getting into an accident and causing an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Cincinatti Financial charges. However, there's a small difference in monthly rates for Chubb, with policyholders who drive 6,000 miles yearly paying around $10 less each month compared to those who drive 12,000 miles every year. Still, Cincinatti Financial is the more affordable option for drivers in both categories.

Chubb vs. Cincinatti Financial: 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 substantial impact as well. Generally, drivers who live in less densely populated rural areas will pay quite a bit less than urban policyholders because there are a lot fewer vehicles on the road in those areas, which lowers the chances of an accident.

Chubb Cincinatti Financial
Urban Areas$360$220
Suburban Areas$260$197
Rural Areas$252$182

Cincinatti Financial tends to offer the most affordable prices for drivers in all types of areas, no matter if they're urban, suburban, or rural.

Drivers in rural ZIP codes see the cheapest premiums from both companies, but Cincinatti Financial comes out on top with average rates about $182 a month. Cincinatti Financial also has cheaper average premiums for policyholders in urban and suburban ZIP codes -- a 39% and 24% a month respective difference when compared to Chubb drivers in similar areas.

Chubb vs. Cincinatti Financial Discounts

Regardless of why you might be in the market for a new car 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 auto insurance discounts as you can.

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 table below, we've broken down all of the different discounts offered by both Chubb and Cincinatti Financial so that you can easily see which company offers the most discounts and see which ones you might be able to take advantage of.

Chubb Cincinatti Financial
ABS Discount 
Advance Quote Discount 
Anti-Theft Discount
Covid-19 Relief Discount 
Defensive Driver Discount
Distant Student Discount 
Driver Training Discount 
Driver-Vehicle Combination Discount 
DRL Discount 
Good Student Discount
Group Discount 
Homeowner Discount 
Mature Driver Discount 
Multi-Policy Discount
Occasional Operator Discount 
Paid In Full Discount 
Passive Restraint Discount 
Renewal Discount 
Special Large Ded Discount 
Vehicle Ownership Discount 

Looking at the total number of discounts, Chubb comes out ahead with 15 discounts to Cincinatti Financial's 10.

Both carriers offer several of the same discounts -- like anti-theft discounts, discounts for being a good student, and multi-policy discounts -- but Chubb also offers ABS discounts, distant student discounts, driver training discounts, and more that Cincinatti Financial does not.

On the flip side, Cincinatti Financial has a couple unique discounts of its own -- advance quote discounts, COVID-19 relief discount, group discounts, and more.


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Final Thoughts: Is Chubb or Cincinatti Financial Best for You?

So, we've broken down the average rates for many of the variables insurance companies 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 best carrier for you and your specific profile and needs?

Cincinatti Financial might be best for you if....

  • You have less-than-stellar credit.
  • You live in a rural area.


Chubb might be best for you if...

  • You care about discounts (Chubb offers the most).

We hope this guide has ben a valuable resource as you compare Chubb and Cincinatti Financial and that you can now make a more informed decision when it comes to 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 Chubb and Cincinatti Financial. 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 car insurance companies in your area, all in just a few minutes.


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Chubb vs. Cincinatti Financial FAQs

Is Chubb or Cincinatti Financial cheaper?

Looking just at the national average prices, Cincinatti Financial is the less expensive of the two carriers, offering average rates of $200 per month compared to $291 for Chubb. That being said, Cincinatti Financial won't necessarily be the most affordable carrier for each driver, since there are lots of different factors (things like driving record, age, gender, etc.) that play a role in how much you pay.

Who is better, Chubb or Cincinatti Financial?

Sadly, the answer truly is "it depends.". No single company is "better" for everyone -- it all boils down to your unique auto insurance profile.

Why do Chubb and Cincinatti Financial offer me different rates?

Car insurance companies take a look at a lot of different variables when calculating the premiums they charge policyholders. Things such as your driving record, gender, age, where you call home, and sometimes even things like your credit score can all be taken into consideration. Both Chubb and Cincinatti Financial calculate prices using different factors, so each one will most likely offer different rates. The only real way to see which carrier is the lowest for you is by comparing personalized quotes from many different carriers.

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

The only way to find the insurance company that's right for you is by getting quotes from a handful of companies 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 auto insurance carriers in your area. With those, you can guarantee you're getting the cheapest premium. And who knows, the best carrier for you might not be Chubb or Cincinatti 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.

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