Chubb vs. First American Property & Casualty: Which Company is the Best Fit for You?

Quick Facts

• Looking at the national averages for auto insurance, First American Property & Casualty offers significantly more affordable prices than Chubb
• Chubb may help you save more money -- they offer more discounts than First American Property & Casualty
• First American Property & Casualty has less expensive premiums for policyholders who live in urban areas

Chubb or First American Property & Casualty: Which Company has the Cheapest Car Insurance?

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

You've maybe even narrowed your search down to Chubb or First American Property & Casualty for your next policy, but between the two, which one will offer you cheaper prices?

Looking at nationwide averages, Chubb is quite a bit more expensive than First American Property & Casualty, with rates averaging $291 a month compared to just $167 with First American Property & Casualty.

That being said, that doesn't necessarily mean First American Property & Casualty will be the less expensive option for every single driver. After all, insurance carriers can offer drastically different rates to every driver depending on rating factors like where you call home, your credit score, your driving record, or even your age (among other things). So, at the end of the day, prices from each company will differ quite a bit from person to person.

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

Chubb vs. First American Property & Casualty: Average Car Insurance Rates by State

Chubb and First American Property & Casualty only compete against each other in California, where First American Property & Casualty offers the cheaper average rates. First American Property & Casualty drivers tend to pay about $165 per month less on average compared to drivers who use Chubb for their car insurance.

That being said, there are plenty of other factors that go into your auto insurance payment 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 -- usually pay a lot for insurance compared to older drivers. It's generally because teen drivers are statistically much more likely to get into an accident that results in an insurance claim, making them much riskier to insure.

However, that doesn't mean that teen drivers have to just accept sky-high auto insurance premiums. Just look at the table above -- where 18-year-old drivers who have First American Property & Casualty for their car insurance pay over 45% less than those who use Chubb.

Even so, with both companies, you'll see your rates drop significantly once you turn 25. First American Property & Casualty offers the steepest reduction, with 25-year-olds paying less than half what 18-year-old drivers are charged. Chubb's average prices decrease almost 55% during that same period.

Which is the Best Company for Retired Drivers?

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

But who has the best rates for retired drivers between Chubb and First American Property & Casualty? First American Property & Casualty gets the edge, with prices for drivers 65 and older $66 more affordable than the national average for Chubb.

Which is the Best Company for Married Drivers?

You may not be aware, but auto insurance rates tend to be more expensive for those who are single than they are for married policyholders. That's because policies for married drivers typically cover several vehicles, which many carriers will give you a discount for.

For single drivers, the difference in average premiums between these two companies is significant, with First American Property & Casualty prices coming in at around half of Chubb's. The advantage is also clear for married couples - First American Property & Casualty offers the lowest average rates.

Chubb or First American Property & Casualty: Average Rates by Gender

Men are statistically more likely than women to get into a collision or get pulled over for speeding, which means they'll generally end up paying more for car insurance than women.

Women typically pay about $10 a month less than men with Chubb; and with First American Property & Casualty, both genders end up paying the same monthly price.

Looking at overall affordability, First American Property & Casualty comes out as the cheapest option for both genders, with average premiums 44% less for men and 41% cheaper for women.

Chubb vs. First American Property & Casualty: 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 isn't the easiest topic to understand. Everyone needs insurance, but there are so many different coverages and terms that it can be hard to find the right policy for you.

The two most common policies that drivers look at fall into two categories -- liability coverage (which provides bodily injury and property damage coverage for other drivers and passengers if you cause an accident) and full coverage (which includes collision and comprehensive coverages that protect your own car, in addition to liability).

Looking specifically at state minimum limits for liability insurance, First American Property & Casualty has the significant edge, with average monthly prices coming in at $70. If you want a full coverage policy with the same state minimum limits, First American Property & Casualty again has the edge, with policies averaging around $263 per month to Chubb's $412.

Is Chubb or First American Property & Casualty Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their auto insurance. But that's not to say you can't save money if you don't have the best driving record, either.

Speeding tickets and at-fault collisions will most likely raise your premiums, but is Chubb or First American Property & Casualty cheaper for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Chubb for their insurance can usually expect their monthly bill to go up about 15% after getting a speeding ticket. First American Property & Casualty policyholders can expect a bit more drastic of an increase of around 18%.

But First American Property & Casualty has more affordable rates for drivers in both categories -- their rates are around 47% cheaper for drivers with clean records and 44% less expensive for those with a ticket.

Which Company is Best for Drivers After an Accident?

Chubb drivers who get in a collision can expect to see their prices climb by just under 25%, while those who have insurance through First American Property & Casualty will see about a 20% increase.

At the end of the day, First American Property & Casualty offers the most affordable rates for drivers with an at-fault collision on their records, with average premiums coming in at $145 compared to Chubb's $290.

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 car insurance bill -- normally a lot more than an accident or ticket. On average, Chubb will raise your rates around 43% after a DUI, while First American Property & Casualty's average premiums rise by nearly 55%.

But if you end up with a DUI charge and are looking for more affordable prices, First American Property & Casualty tends to be more affordable for the average driver, with monthly premiums coming in at about $256 to Chubb's $389.

How does Credit Score Impact Chubb and First American Property & Casualty Rates?

Did you know many insurance carriers take into account your credit score when determining premiums? This isn't true for everyone (Michigan, for example, has banned the use of credit score as an auto insurance factor) but it does affect quite a few policyholders out there.

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

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

Which Company is Best for Drivers with Good Credit?

Generally, if you have great credit, you can expect to be rewarded. With Chubb, improving your score from "good" to "excellent" will normally save you around $35. On the other hand, because First American Property & Casualty doesn't have data available for credit scores, they most likely don't use credit to calculate your prices.

Which Company is Best for Drivers with Bad Credit?

Having bad credit typically means you'll also see higher premiums with Chubb. If your credit score is in the "poor" range, at Chubb, you may pay about 60% more a month compared to those with "fair" scores (and even more compared to drivers with good or excellent scores). First American Property & Casualty, on the other hand, doesn't have data available for credit scores, which means drivers with bad credit might find better rates with First American Property & Casualty over Chubb.

Is Chubb or First American Property & Casualty 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 large impact on how much car insurance carriers will charge for coverage? Usually, the more milage you put on your vehicle, the more you can expect to pay for coverage.

For both remote workers and those taking short commutes, First American Property & Casualty tends to be the cheaper option. First American Property & Casualty's average rates for drivers with 6,000 annual miles come in around $145 less expensive than Chubb. Those who drive 12,000 miles yearly can expect to pay about $104 less with First American Property & Casualty over Chubb.

Chubb or First American Property & Casualty: Compare Rates for Urban, Suburban, and Rural Drivers

Where your home is can play a considerable role in how much you pay for auto insurance. Typically, drivers who live in less densely populated rural areas will pay quite a bit less than urban policyholders since there are a lot fewer cars on the roads where they live.

First American Property & Casualty tends to offer the lowest premiums for drivers in all types of areas, no matter if they're urban, suburban, or rural.

For drivers in urban ZIP codes, First American Property & Casualty's average rates are around $172 while Chubb offers prices about $360. Drivers in suburban ZIP codes pay a monthly rate of around $188 with First American Property & Casualty compared to $260 with Chubb. If you live in a rural area, you can expect to pay about $140 a month with First American Property & Casualty compared to Chubb's $252.

Chubb vs. First American Property & Casualty Discounts

No matter 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 you can, and the best way to do that is by utilizing as many insurance discounts as possible.

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.

Luckily, we did the hard work for you and compared all of the different discounts offered by Chubb and First American Property & Casualty so that you can easily see which company offers the most discounts and see which ones you might be able to take advantage of.

Overall, Chubb comes out ahead with 15 discounts to First American Property & Casualty's 10.

Both companies offer several of the same discounts -- like distant student discounts, mature driver discounts, and multi-policy discounts -- but Chubb also offers discounts for ABS, defensive driver, driver training, and more.

On the other hand, First American Property & Casualty has a few proprietary discounts of their own for things like good driving discounts, group discounts, and multi-car discounts.

Final Thoughts: Is Chubb or First American Property & Casualty Best for You?

You've seen the effect certain variables have on your auto insurance and the different discounts carriers offer. But, when it comes down to it, is Chubb or First American Property & Casualty the right company for you, your vehicle, and your wallet?

First American Property & Casualty might be best for you if....

• You've been pulled over for speeding recently.
• You're looking for the best premiums on liability only coverage.
• You want to save money while purchasing insurance for a teenager.

Chubb might be best for you if...

• You have below-average credit.
• Your credit score is high.
• You care about discounts (Chubb offers the most).

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

But, at the end of the day, there's only one way to know for sure that you're getting the best possible deal on insurance -- comparing quotes from a handful of companies, not just Chubb and First American Property & Casualty. Luckily, Compare.com makes it easy for you to do just that. Simply enter your ZIP codes below and get free quotes from dozens of top car insurance carriers in your area, all in just a few minutes.

Chubb vs. First American Property & Casualty FAQs

Is Chubb or First American Property & Casualty cheaper?

First American Property & Casualty is the cheaper of the two companies when looking at national average prices, with policies averaging $167 per month with First American Property & Casualty and $291 for Chubb. Even so, that doesn't mean First American Property & Casualty will be the cheapest carrier for every policyholder, since there are a bunch of different factors (things like age, driving record, gender, etc.) that play a role in how much you pay.

Who is better, Chubb or First American Property & Casualty?

Sadly, the only answer we can give you is "it depends.". No one company is necessarily "better" for everyone -- it all boils down to your unique auto insurance profile. For example, Chubb is more affordable for drivers who have less-than-stellar credit scores, while First American Property & Casualty offers less expensive rates for drivers with an at-fault accident on their record.

Why do Chubb and First American Property & Casualty offer me different rates?

Insurance carriers use several different variables when calculating the prices they charge. Factors such as age, your driving record, where you park your vehicle, gender, and sometimes even things like your credit score can all be used. Both Chubb and First American Property & Casualty use different formulas, so it's likely they'll offer different rates. The best way to determine which carrier is the lowest for you is by comparing personalized quotes from several different companies.

How do I know if Chubb or First American Property & Casualty is right for me?

The only way to find the car insurance company that's right for you is by getting quotes from several 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 quotes from dozens of your local top auto insurance companies for free. That way, you can guarantee you're getting the best premium. And maybe you'll find that the best carrier for you isn't Chubb or First American Property & Casualty 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.