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

Quick Facts

• Looking at the national averages for car insurance, Germania offers significantly more affordable premiums than Chubb
• Germania offers more affordable rates for policyholders whose driving record contains an at-fault collision
• Germania offers more affordable premiums for policyholders who have a clean record

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

Are you considering a new insurance policy? You've probably seen commercials and billboards from companies offering hefty savings, but exactly how much money can you save by switching?

You might be considering Chubb or Germania as potential options, but between the two, which company will offer you cheaper prices?

Looking at nationwide averages, Germania has average rates that are around 50% a month less expensive than those from Chubb.

However, Germania may not be the most affordable or best option for every single driver out there. 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 rates could vary drastically from person to person.

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

Chubb and Germania only compete against each other in Texas, where Germania offers the cheaper average rates. Germania drivers tend to pay about $76 per month less on average compared to drivers who use Chubb for their auto insurance.

But there's more to calculating car insurance prices than just where you call home. Read on to find out more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers generally pay a lot more for auto insurance than any group out there on the road. It's typically because teen drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

Even so, that doesn't mean teen drivers can't still save money on their insurance. For example, 18-year-old drivers pay an average of over 55% less a month by choosing Germania over Chubb.

But both companies will offer you dramatically lower rates by the time you turn 25. For example, average premiums for Chubb policyholders decrease almost 55% and Germania's prices drop more than 50% over that time.

Which is the Best Company for Retired Drivers?

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

When looking at Chubb and Germania specifically, which company is best for retired drivers? Germania gets the edge here, with average premiums coming in at about $108 per month compared to Chubb's $187.

Which is the Best Company for Married Drivers?

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

For single policyholders, the difference in average premiums between these two companies is significant, with Germania prices coming in at around half of Chubb's. The advantage is also clear for married drivers - Germania offers the cheapest average premiums.

Chubb or Germania: Average Rates by Gender

Men are statistically more likely than women to cause a collision and get into accidents, which means they'll usually end up paying more for car insurance than women.

With Chubb, women generally pay about 4% per month less than men, but with Germania, the difference is closer to 8% a month.

Looking at overall affordability, Germania comes out on top for both men and women. On average, male drivers save about $148 per month and women save around $149 with Germania compared to the average Chubb policyholder.

Chubb vs. Germania: 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, insurance can be pretty complicated. There are so many different coverages and limits that it can make it pretty confusing to find the right policy for you.

That being said, the most common policies that drivers look at fall into two categories -- liability coverage (that covers property damage and bodily injury for other drivers and passengers if you cause a collision) and full coverage (which typically refers to having collision and comprehensive coverages in addition to what you get with liability).

Looking specifically at state minimum liability limits, Germania has the significant edge, with average monthly rates coming in at $90. If you want a full coverage policy with the same state minimum limits, Germania again has the edge, with policies averaging about $194 a month to Chubb's $412.

Is Chubb or Germania Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from car insurance carriers offering great prices for good drivers, but that doesn't mean people with less-than-perfect driving records can't save money, too.

You'll probably end up paying more with speeding tickets and at-fault accidents on your record, but which of these two companies offers the lowest premiums to drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders with Germania auto insurance policies don't report seeing their prices increase after getting a ticket, but Chubb policyholders can expect to see their monthly bill increase by around $40.

Even so, Germania has more affordable rates for drivers in both categories -- their rates are around 54% less expensive for drivers with clean records and 61% cheaper for those with a ticket.

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 car insurance premiums. Drivers who use Germania for their insurance will see a monthly bill about $30 (or 23%) more expensive after reporting an accident to their auto insurance carrier.

At the end of the day, drivers who use Germania end up with the cheaper prices after an accident, with average rates coming in at $132 compared to Chubb's $290.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single accident or speeding ticket when it comes to your car insurance bill. Chubb drivers usually see a 43% increase in their auto insurance prices after a DUI charge, while Germania will usually raise rates by around 56%.

But if you end up with a DUI charge and are looking for more affordable premiums, Germania tends to be less expensive for the average driver, with monthly premiums coming in at about $233 to Chubb's $389.

How does Credit Score Impact Chubb and Germania Rates?

Did you know many insurance carriers take your credit score into account when determining prices? Certain states and companies do not allow for credit score to be used as an auto insurance factor, but it does affect a lot of drivers out there.

Auto insurance carriers argue that those with good credit scores are more likely to pay their bills on time each month, which decreases the risk involved on their end, while the opposite is true for those with bad credit.

So, which company offers the most affordable premiums for policyholders with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

If you have a solid credit score, Germania will generally reward you the most. For drivers with "excellent" credit scores, Germania comes in 50 more affordable. Drivers with "good" credit scores normally save around 39% with Germania compared to average prices from Chubb.

Which Company is Best for Drivers with Bad Credit?

Germania typically offers lower rates than Chubb when it comes to drivers with less-than-stellar credit. Drivers with "fair" credit pay about 37% per month less with Germania compared to Chubb, and those with "poor" scores typically save an average of around 61% a month.

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

The amount of time you spend behind the wheel of your car plays a big role in how much car insurance companies will charge for coverage. Usually, the more milage you put on your car each year, the more you can expect to pay for coverage.

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

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

Where you park your vehicle can have a big impact on your monthly insurance payment. Typically, 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.

Germania boasts the cheapest average rates for drivers in every type of area, no matter if it's urban, suburban, or rural.

In urban areas, Germania's average premiums are around $149 a month compared to Chubb's $360. People in suburban areas pay a monthly rate of about $143 with Germania compared to $260 with Chubb. Those in rural areas can expect to pay around $134 monthly with Germania compared to Chubb's $252.

Chubb vs. Germania Discounts

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

But with what seems like a million different discounts out there, it can be hard 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 Germania offer their customers so that you can easily see which company offers the most discounts and, therefore, the largest savings.

Looking at the total number of discounts, Germania comes out ahead with 18 discounts to Chubb's 15.

A couple of those are overlapping for things like ABS discounts, discounts for being a defensive driver, discounts for getting driver training, and passive restraint discounts. Germania also offers discounts for academic, advance quote, claim free, and more.

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

Final Thoughts: Is Chubb or Germania Best for You?

So, we've broken down the average prices for many of the variables car insurance carriers look at, and walked through the different discounts each company offers, too. That's all well and good, but at the end of the day, which carrier is the right fit for you?

Germania might be best for you if....

• Your credit is below-average.
• You live in an suburban area.
• You don't spend much time in your car.

Chubb might be best for you if...

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

Hopefully, this guide helps you get a better idea of the difference between Chubb and Germania. We also hope we've given you the information you need to make the best 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 car insurance policy is to compare quotes from several companies, not just Chubb and Germania. Luckily, sites like Compare.com do all the hard work for you. Just enter your ZIP code below and get multiple free quotes from some of the best insurance carriers in your area, all in just a few minutes.

Chubb vs. Germania FAQs

Is Chubb or Germania cheaper?

Germania is the more affordable of the two companies when looking at national average rates, with policies averaging $142 per month with Germania and $291 for Chubb. That being said, that doesn't mean Germania will be the most affordable company for every driver, since there are lots of different factors that are considered when it comes to your car insurance cost.

Who is better, Chubb or Germania?

Sadly, the answer truly is "it depends.". One carrier is not necessarily "better" for everyone -- it all depends on what your unique auto insurance profile looks like.

Why do Chubb and Germania offer me different rates?

Insurance carriers use several different variables when calculating the premiums they charge. Things such as age, your driving record, gender, where you live, and sometimes even things like your credit score can all be taken into consideration. Both Chubb and Germania calculate rates using different factors, so it's likely they'll offer different prices. The best way to determine which company is the lowest for you is by comparing personalized quotes from many different companies.

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

The only way to find the auto insurance carrier that's right for you is by getting quotes from a handful of carriers 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 area information and you'll get quotes from dozens of your local top insurance companies for free. That way, you can guarantee you're getting the most affordable premium. And maybe you'll find that the best company for you isn't Chubb or Germania 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.