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

Quick Facts

• In general, Foremost offers slightly less expensive premiums than Chubb
• Chubb offers more affordable prices for residents of suburban areas
• Foremost has cheaper premiums for single people who will be the only person on the car insurance policy

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

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

You've maybe even narrowed it down to Chubb or Foremost for your next policy, but which carrier has more affordable rates for insurance?

As you can see, Chubb is around $21 more a month than Foremost when looking at the national average rates for car insurance.

But that doesn't mean Foremost will necessarily be cheaper than Chubb for every single driver. Insurance carriers vary their prices depending on things like how good your credit score is, how old you are, where you live, how clean your driving record is, and tons of other factors, so rates will vary quite a bit from person to person.

Wanting to know if Chubb or Foremost 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 vs. Foremost: Average Car Insurance Rates by State

Chubb and Foremost only compete against each other in two states, with Chubb offering less expensive prices to the average driver in all of them. Washington has the most noticable difference, where Chubb premiums are $62 more affordable than auto insurance rates at Foremost.

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

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- typically pay a lot for car insurance compared to older drivers. That's because teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

Even so, that doesn't mean teen drivers can't still save money on their auto insurance. As you can see above, teens who use Foremost save over 10% per month compared to those who use Chubb.

That being said, both companies will offer you dramatically lower premiums by the time you turn 25. Foremost offers the steepest decrease, with 25-year-olds paying less than a third of 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?

When it comes to car insurance, patience and experience pay off, with drivers around retirement age paying some of the most affordable rates you'll ever see.

But who has the best premiums for retired drivers between Chubb and Foremost? Chubb gets the edge, with prices for drivers 65 and older $32 cheaper than the national average for Foremost.

Which is the Best Company for Married Drivers?

Single drivers tend to get offered slightly more expensive insurance rates than married policyholders. That's normally because married drivers tend to own and insure more than one vehicle, which can often earn you a discount.

If you're in the market for auto insurance, Foremost tends to have the lowest average premiums regardless of if you're married or single, with prices about $25 less expensive for single policyholders and around $15 more affordable for married couples.

Chubb or Foremost: Average Rates by Gender

Women usually to pay less for car insurance than men. This is because men are statistically more likely than women to get into accidents and get speeding tickets, which leads to increased risk for insurers and, therefore, higher rates.

Women generally pay more than $10 a month less than men with Chubb, and about $4 less with Foremost.

Looking at the data for each carrier specifically, Foremost comes out as the cheapest option for both genders, with average prices 8% less for men and 6% cheaper for women.

Chubb vs. Foremost: 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. There are many different coverages that account for multiple 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.

However, most policies end up falling into two different types of coverage -- liability coverage (which provides property damage and bodily injury coverage for other drivers and their passengers if you cause an accident) and full coverage (which usually refers to having collision and comprehensive coverages in addition to liability).

When it comes to state minimum liability limits, Chubb has the edge, while Foremost offers the most affordable average rates for full coverage policies with similar coverage limits. Policyholders looking for basic state minimum coverage can save around $4 with Chubb, while full coverage comes out to be around $45 cheaper with Foremost Insurance Group.

Is Chubb or Foremost 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.

It's no secret secret that speeding tickets and collisions lead to higher prices, but which company -- Chubb or Foremost -- has the cheapest premiums for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Drivers who use Chubb for their car insurance can generally expect their monthly bill to go up about 15% after getting a speeding ticket. Foremost policyholders can expect a bit more drastic of an increase of around 22%.

But Foremost tends to offer the best prices for drivers both with a ticket and with a clean record, offering prices that are $21 and $3 less expensive, respectively, compared to Chubb.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their insurance through Chubb can expect to see about an $67 -- or around 23% -- rise in their auto insurance rates. Drivers who use Foremost for their insurance will see a monthly bill about $179 (or 47%) more expensive after reporting a collision to their auto insurance carrier.

At the end of the day, the more affordable premiums come from Chubb, with average rates coming in at $290 compared to Foremost Insurance Group's $381.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single collision or speeding ticket when it comes to your car insurance bill. On average, Chubb will climb your prices around 43% after a DUI, while Foremost's average premiums rise by more than 15%.

But if you end up with a DUI charge and are looking for more affordable rates, Foremost tends to be less expensive for the average driver, with monthly premiums coming in at about $238 to Chubb's $389.

How does Credit Score Impact Chubb and Foremost Rates?

Did you know many insurance carriers take into account your credit score when determining prices? This isn't true for everyone (California, for example, has banned the use of credit score as a car insurance factor) but it might come into play for a lot of policyholders.

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

Looking at Chubb and Foremost specifically, which company has the best rates for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have great credit, Chubb will normally reward you the most. For drivers with "excellent" credit scores, Chubb comes in over 30.51 cheaper. Drivers with "good" credit scores usually save around 25% with Chubb compared to average prices from Foremost.

Which Company is Best for Drivers with Bad Credit?

If you have less-than-perfect credit, it can be somewhat of a toss-up as far as which company offers you the best premiums. Drivers with "fair" credit pay about 17% less with Chubb than Foremost, but those whose credit is considered "poor" have it flipped -- saving around 46% per month with Foremost.

Is Chubb or Foremost 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 auto insurance carriers will charge for coverage? Typically, the more milage you put on your car, the more you can expect to pay for insurance.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Foremost charges. However, there's a small difference in monthly prices for Chubb, with policyholders who drive the least paying about $10 less every month compared to those who drive 12,000 miles each year. Still, for drivers in both categories, Foremost is the less expensive company.

Chubb or Foremost: 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, if you live in a rural area with fewer cars on the road, you'll pay a little less for car insurance, while the opposite is true for people in urban areas.

Looking at these companies side-by-side, Foremost tends to offer the lowest option for drivers in rural and urban areas, while Chubb wins in suburban areas.

For policyholders in urban ZIP codes, Foremost Insurance Group's average premiums are around 12% less than Chubb. People who live in suburban areas pay about 9% less with Chubb compared to Foremost. Those in rural areas can expect to save around 19% with Foremost compared to Chubb.

Chubb vs. Foremost 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 auto insurance discounts as possible.

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

Luckily, we did the hard work for you and compared all of the different discounts offered by Chubb and Foremost so that you can see which carrier can save you the most money each month.

Looking at the total number of discounts, Chubb has advantage when it comes to total number of discounts. Foremost offers a grand total of 12 discounts, while Chubb has 15.

A couple of those are overlapping for things like anti-theft discounts, distant student discounts, and multi-policy discounts. Chubb also offers discounts for ABS, driver training, driver-vehicle combination, and more.

On the other hand, Foremost has a few proprietary discounts of their own for things like advance quote discounts, EFT discounts, good driving discounts, and more.

Final Thoughts: Is Chubb or Foremost Best for You?

So, you've seen how different variables can affect your insurance rates. We've broken down the different discounts each company offers, too. But, when it comes down to it, is Chubb or Foremost the right fit for you?

Foremost 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 and your spouse are buying car insurance together.

Chubb might be best for you if...

• You have above-average credit.
• You're looking for the best prices on liability only coverage.
• You're of retirement age and want to take advantage of lower rates.

Hopefully, this guide helps you get a better idea of the difference between Chubb and Foremost and that you can now make a more informed decision when it comes to your auto insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your insurance policy is to compare quotes from multiple carriers, not just Chubb and Foremost. Luckily, Compare.com makes it easy for you to do just that. Just enter your ZIP code below and get free quotes from dozens of the top car insurance companies in your area, all in just a few minutes.

Chubb vs. Foremost FAQs

Is Chubb or Foremost cheaper?

Foremost is the cheaper of the two carriers when looking at national average premiums, with policies averaging $270 a month with Foremost and $291 for Chubb. That being said, that doesn't mean Foremost will be the most affordable carrier for everyone, since there are a variety of different factors (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, Chubb or Foremost?

Unfortunately, the answer truly is "it depends.". One company is not necessarily "better" for every policyholder -- it all boils down to your unique auto insurance profile. For example, Chubb is more affordable for drivers who have already retired, while Foremost offers less expensive prices for single drivers.

Why do Chubb and Foremost offer me different rates?

Car insurance companies use many different variables when calculating the premiums they charge. Things such as your driving record, gender, where your home is, age, and sometimes even things like your credit score can all be taken into consideration. Both Chubb and Foremost 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 a range of different carriers.

How do I know if Chubb or Foremost 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, sites like Compare.com make it easy for you to do just that. Just enter your information once and you'll get quotes from dozens of your local top car insurance carriers 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 Foremost 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.