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

Quick Facts

• Looking at the national averages for insurance, Chubb offers slightly more affordable premiums than Esurance
• Chubb offers more affordable prices for policyholders who have a clean driving record, free of collisions, tickets, or DUIs
• Esurance offers cheaper average rates for policyholders who are looking to purchase insurance with a spouse

Chubb or Esurance: Which Company has the Cheapest Car Insurance?

So, you're considering switching to a new insurance policy. After all, you've seen ads from all sorts of companies offering big savings. But exactly how much can you save by switching?

You might have narrowed your search down to Chubb or Esurance as potential options, but between the two, which one will save you the most?

As you can see, Esurance is around $8 more a month than Chubb when looking at the national average rates for car insurance.

However, that doesn't necessarily mean Chubb will be the less expensive option for each driver. Insurance carriers use all sorts of complex algorithms to determine premiums, so depending on how good your credit score is or how clean your driving record is (among a lot of other factors), you could see wildly different rates from the ones above.

So, if you want to find out which of Chubb or Esurance is really the best for you, keep reading to see average premiums for each company broken down by a range of different rate factors.

Chubb vs. Esurance: Average Car Insurance Rates by State

Chubb and Esurance compete against each other in four states, with Esurance offering cheaper prices to the average driver in all of them. New York has the most noticable difference, where Chubb premiums are $431 less expensive than auto insurance prices at Esurance.

But there's more to calculating car insurance rates than just where you live. Read on to learn more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers generally pay a lot more for insurance than any group out there on the road. The reason is that teen drivers are statistically much more likely to get into an accident that results in a car insurance claim, making them much riskier to insure.

But still, even with seemingly sky-high premiums, teen drivers can still find ways to save money. For example, 18-year-old drivers pay an average of almost 10% less per month by choosing Chubb over Esurance.

That being said, both companies will reduce prices once you turn 25. For example, average rates for Chubb policyholders lower about $350 and Esurance's premiums decrease nearly $500 over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age typically enjoy some of the lowest auto insurance rates you'll ever find. After all, they've likely been driving for quite some time, which normally decreases their chances of accidents and other infractions that can raise prices.

But who has the best rates for retired drivers between Chubb and Esurance? Chubb gets the edge here, with average prices coming in at around $187 a month compared to Esurance's $232.

Which is the Best Company for Married Drivers?

Did you know that insurance premiums are usually more expensive for those who are single than they are for married couples? This usually boils down to married drivers having more than one vehicle on their policy -- something a lot of auto insurance carriers will reward with discounts.

When it comes to relationship status, Chubb is the winner for single policyholders, with rates about 6% a month more affordable than Esurance, on average.

Chubb or Esurance: Average Rates by Gender

Men generally pay more for car insurance than women. That's because women are less likely to get into collisions and get speeding tickets, which lowers the chances of filing a claim with insurance.

Generally, men see prices around $10 per month higher with Chubb, and about $21 more with Esurance.

When it comes to the most affordable premiums for each gender, Chubb comes out as the cheapest option for both genders, with average prices 4% less for men and 1% cheaper for women.

Chubb vs. Esurance: 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.

Auto insurance isn't the easiest topic to understand. There are a bunch of different coverages that account for many different things. Some protect you and your car, while others only provide coverage for other people's property and health if you cause a collision.

Even so, the most common policies that drivers look at fall into two categories -- liability coverage (that covers property damage and bodily injury for other drivers if you cause an accident) and full coverage (which includes two additional coverages -- collision and comprehensive -- alongside what you get with a liability policy).

When it comes to state minimum limits for liability insurance, Chubb has the edge, while Esurance offers the most affordable average premiums for full coverage policies with similar coverage limits. Policyholders looking for basic state minimum coverage can save around $30 with Chubb, while full coverage comes out to be around $15 cheaper with Esurance.

Is Chubb or Esurance 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.

You'll probably end up paying more with at-fault collisions and speeding tickets on your record, but which of these two companies offers the cheapest rates to drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Drivers who use Chubb for their car insurance can usually expect their monthly bill to go up about 15% after getting a speeding ticket. Esurance policyholders can expect a bit more drastic of an increase of around 16%.

But Chubb has less expensive premiums for drivers in both categories. With Chubb, drivers with a clean record can save about $19 a month and drivers with a ticket can save around $26 per month.

Which Company is Best for Drivers After an Accident?

Chubb policyholders who get in a collision can expect to see their prices climb by just under 25%, while those who have insurance through Esurance will see about a 35% increase.

At the end of the day, Chubb offers the lowest rates for drivers with an at-fault collision on their records, with average prices coming in at $290 compared to Esurance's $364.

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 an accident or speeding ticket. Chubb drivers usually see a 43% climb in their car insurance rates after a DUI charge, while Esurance will normally increase premiums by around 20%.

How does Credit Score Impact Chubb and Esurance Rates?

You may not have known, but your credit score can come into play when carriers calculate your monthly bill. This isn't true for everyone (for example, Hawaii and California are two states that ban the practice entirely), but it might come into play for lots of drivers.

Auto insurance companies 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, policyholders with good credit will often be rewarded with more affordable prices.

So, which carrier offers the best rates for drivers 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 Chubb or Esurance 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 sizable impact on how much insurance carriers will charge for coverage? Usually, the more milage you put on your car, the more you can expect to pay for coverage.

For both remote workers and those taking short commutes, Chubb tends to be the less expensive option. Chubb's average premiums for drivers with 6,000 annual miles come in about $12 more affordable than Esurance. Those who drive 12,000 miles yearly can expect to pay around $3 less with Chubb over Esurance.

Chubb or Esurance: Compare Rates for Urban, Suburban, and Rural Drivers

Where you call home can play a considerable role in how much you pay for car insurance. Generally, if you live in an urban area with more cars on the road, you'll pay a little more for auto insurance, while the opposite is true for people in rural areas.

When comparing these two companies side-by-side, Chubb boasts the cheapest average premiums in urban and suburban areas, while Esurance wins in rural areas.

If you live in a rural area, you can expect to pay about $211 per month with Esurance compared to Chubb's $252. People in suburban areas pay a monthly rate of around $260 with Chubb compared to $288 with Esurance. For drivers in urban ZIP codes, Chubb's average prices are about $360 a month compared to Esurance's $396.

Chubb vs. Esurance Discounts

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

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

Luckily, we did the hard work for you and looked at all of the different discounts Chubb and Esurance offer their customers so that you can see which company offers the most discounts and see which ones you might be able to take advantage of.

Esurance blows Chubb away when it comes to the sheer amount of discounts available, offering nine more discounts than Chubb.

There are a couple discounts both carriers offer, but Esurance also offers discounts for advance quote, agency transfer, education, and more.

On the other hand, Chubb has a few proprietary discounts of their own for things like distant student discounts, driver training discounts, driver-vehicle combination discounts, and more.

Final Thoughts: Is Chubb or Esurance Best for You?

You've seen the effect certain variables have on your insurance and the different discounts companies offer. But, when it comes down to it, which company is the right carrier for you and your specific driver profile?

Chubb might be best for you if....

• You want to save money on your auto insurance after a collision.
• Your credit score is high.
• You drive often but have a short commute.

Esurance might be best for you if...

• Your driving record includes a DUI charge.
• You want the most robust protection via a "full coverage" policy.
• You are purchasing your insurance with a spouse.

Hopefully, this guide has ben a valuable resource as you compare Chubb and Esurance and that it aids in making a more informed decision about your car insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your auto insurance policy is to compare quotes from several carriers, not just Chubb and Esurance. Luckily, sites like Compare.com do all the hard work for you. Simply enter your ZIP codes below and get multiple quotes from some of the best car insurance companies in your area, all for free.

Chubb vs. Esurance FAQs

Is Chubb or Esurance cheaper?

Chubb is the cheaper of the two carriers when looking at national average rates, with policies averaging $291 per month with Chubb and $299 for Esurance. That being said, that doesn't mean Chubb will be the lowest carrier for every driver, since there are a variety of different factors that are considered when it comes to your auto insurance payment.

Who is better, Chubb or Esurance?

Unfortunately, the answer truly is "it depends.". One company is not necessarily "better" for everyone -- it all depends on the makeup of your unique insurance profile. For example, Chubb is more affordable for drivers with excellent credit, while Esurance offers less expensive premiums for drivers with a recent DUI.

Why do Chubb and Esurance offer me different rates?

Auto insurance companies use several different variables when determining the rates they charge. Factors such as age, where you park your vehicle, gender, your driving record, and sometimes even things like your credit score can all come into play. Both Chubb and Esurance use different formulas, so it's likely they'll offer different premiums. The best way to determine which carrier is the cheapest for you is by comparing personalized quotes from several different carriers.

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

The only way to find the 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 ZIP code and you'll get quotes from dozens of your local top car insurance carriers for free. With those, you can guarantee you're getting the best price. And maybe you'll find that the best carrier for you isn't Chubb or Esurance 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.