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

Quick Facts

• In general, Hastings Mutual offers significantly more affordable premiums than Chubb
• Chubb has less expensive rates for drivers with a DUI charge on their record
• Hastings Mutual tends to be a much more affordable option for residents of urban areas

Chubb vs. Hastings Mutual: Which Company has the Cheapest Car Insurance?

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

You might have narrowed it down to Chubb or Hastings Mutual as your top options, but which one will save you the most?

Looking at the national average rates for both companies, Hastings Mutual is quite a bit cheaper than Chubb, with prices averaging $211 per month compared to $291 with Chubb.

But Hastings Mutual may not be the cheapest or best option for every driver out there. Auto insurance carriers use a variety of complex algorithms to calculate rates, so depending on how clean your driving record is or where you live (among many other factors), you could see wildly different premiums from the ones above.

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

Chubb or Hastings Mutual: Average Car Insurance Rates by State

Chubb and Hastings Mutual only compete against each other in one states, with Hastings Mutual offering cheaper premiums to the average driver in all of them. Wisconsin has the most noticable difference, where Hastings Mutual prices are over 70% less expensive than insurance premiums at Chubb.

But there's more to auto insurance than just where you call home. As we mentioned above, there's a lot of things that go into how car insurance companies determine your rates. Continue reading to see how other factors will affect your rates.

Which is the Best Company For Young Drivers?

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

But still, even with seemingly sky-high prices, teen drivers can still find ways to save money. As you can see above, teens who use Hastings Mutual save more than $250 a month compared to those who use Chubb.

That being said, both carriers will offer you dramatically lower premiums by the time drivers turn 25. For example, average rates for Chubb policyholders lower nearly $350 and Hastings Mutual's prices reduce over $150 over that time.

Which is the Best Company for Retired Drivers?

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

So, which carrier offers the best prices to retired drivers? Hastings Mutual gets the edge here, with average premiums coming in at about $167 a month compared to Chubb's $187.

Which is the Best Company for Married Drivers?

Did you know that car insurance rates are usually more affordable for married drivers than they are for single drivers? This usually boils down to married couples having more than one car on their policy -- something several insurance companies will reward with discounts.

When it comes to relationship status, Hastings Mutual is the clear winner for single policyholders, with prices around $107 per month cheaper than Chubb, on average. The advantage for married policyholders with Hastings Mutual is also obvious, where drivers save almost 20% a month.

Chubb vs. Hastings Mutual: Average Rates by Gender

Men are statistically more likely than women to get speeding tickets and get into collisions, which means they'll typically end up paying more for car insurance than women.

On average, men see premiums about 4% per month higher with Chubb, while with Hastings Mutual, the difference is closer to 2% a month.

When it comes to the lowest rates for each gender, Hastings Mutual offers the cheapest average prices for both men and women. On average, women save about $77 per month and men save around $83 with Hastings Mutual compared to the average Chubb policyholder.

Chubb or Hastings Mutual: 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 pretty complicated. There are several different coverages that account for a range of different things. Some protect you and your vehicle, while others only provide coverage for other people's property and health if you cause an accident.

The two most common policies that many drivers look at fall into two categories -- liability only (which covers the other party's property damage and injuries if you cause a collision) and full coverage (which generally refers to having comprehensive and collision coverages in addition to liability).

If you're looking for state minimum limits for liability insurance, Hastings Mutual usually offers less expensive premiums of $142 compared to Chubb's $169. When it comes to full coverage policies with similar limits, Hastings Mutual again has the edge, with policies about $150 a month cheaper than Chubb, on average.

Is Chubb or Hastings Mutual Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from auto insurance carriers offering great rates 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 tickets and accidents on your record, but which of these two companies offers the most affordable prices to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Chubb policyholders can expect their premiums to go up an average of $38 per month if they get a ticket, while Hastings Mutual typically raises rates around $20 a month, on average.

Even so, Hastings Mutual has less expensive prices for drivers in both categories -- their rates are around 51% more affordable for drivers with clean records and 51% cheaper for those with a ticket.

Which Company is Best for Drivers After an Accident?

Both carriers will increase premiums pretty significantly if you get into an at-fault accident with Chubb climbing by over $65. Hastings Mutual has a less extreme raise, but you can still expect to pay more than $15 more than you were prior to your first collision.

Overall, drivers who use Hastings Mutual end up with the cheaper prices after an accident, with monthly prices averaging $126 compared to Chubb's $290.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge on your record, it's probably going to cost you more than a simple speeding ticket or even an accident. Hastings Mutual drivers usually see a 77% increase in their car insurance premiums after a DUI charge, while Chubb will generally climb rates by about 43%.

If you have a DUI on your record and are looking for more affordable prices, Chubb tends to be the much less expensive option with average premiums of $389 per month compared to $478 from Hastings Mutual.

How does Credit Score Impact Chubb and Hastings Mutual Rates?

In many cases, your credit score can be used as one of the variables to calculate your monthly insurance rates. This isn't always the case (California, for example, has banned the use of credit score as a rating factor) but it might come into play for a lot of drivers.

Auto insurance companies argue that those with poor credit scores are less likely to pay their bills on time each month, which increases the risk involved on their end, while the opposite is true for those with good credit.

So, which company offers the best prices for policyholders with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

If you have a great credit score, you'll usually find a better deal with Chubb for an "excellent" credit score. Drivers with "excellent" credit can save 2% compared to Hastings Mutual, while those with "good" scores can expect to see better savings from Hastings Mutual -- around $4 or 2% more affordable than Chubb every month.

Which Company is Best for Drivers with Bad Credit?

Hastings Mutual typically offers lower rates than Chubb when it comes to drivers with bad credit. Drivers with "fair" credit pay about $22 per month less with Hastings Mutual compared to Chubb, and those with "poor" scores normally save an average of around $291 monthly.

Is Chubb or Hastings Mutual 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 your monthly car insurance cost. That's because the more miles you drive, the more likely you are to get into a collision and cause an insurance claim.

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

Chubb vs. Hastings Mutual: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can play a substantial role in how much you pay for insurance. Typically, policyholders who live in less densely populated rural areas will pay quite a bit less than urban drivers due to the small number of cars that are on the roads in those areas.

When comparing these two carriers side-by-side, Hastings Mutual usually comes out as the cheapest option for drivers in all areas, regardless of if they're urban, suburban, or rural.

Policyholders in rural ZIP codes see the most affordable rates from both companies, but Hastings Mutual comes out on top with average premiums around $164 per month. Hastings Mutual also has less expensive average prices for drivers in urban and suburban ZIP codes -- a $69 and $83 a month respective difference when compared to Chubb policyholders in similar areas.

Chubb vs. Hastings Mutual Discounts

Regardless of why you might be in the market for a new auto insurance policy, you're always going to want to save as much money as possible, and the best way to do that is by utilizing as many car insurance discounts as you can.

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 can take advantage of.

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

Looking at the total number of discounts, Chubb has the advantage when it comes to total number of discounts. Hastings Mutual offers a grand total of 10 discounts, while Chubb has 15.

A couple of those are overlapping for things like ABS discounts, discounts for being a defensive driver, and passive restraint discounts. Chubb also offers distant student discounts, driver training discounts, driver-vehicle combination discounts, and more that Hastings Mutual does not.

On the flip side, Hastings Mutual has a couple unique discounts of its own -- company car discounts, discounts for being a good driver, discounts for insuring multiple cars with the same company, and more.

Final Thoughts: Is Chubb or Hastings Mutual Best for You?

So, you've seen how different factors can affect your insurance premiums. We've shown you all the discounts each company offers, too. But, at the end of the day, is Chubb or Hastings Mutual the best company for you and your specific driver profile?

Hastings Mutual might be best for you if....

• You have below-average credit.
• You're looking for more protection with "full coverage" auto insurance.
• You drive often but have a short commute.

Chubb might be best for you if...

• You have a DUI charge on your record.
• You care about discounts (Chubb offers the most).

We hope this guide has ben a valuable resource as you compare Chubb and Hastings Mutual 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 multiple carriers, not just Chubb and Hastings Mutual. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code below and get free quotes from dozens of top auto insurance companies in your area, all in just a few minutes.

Chubb vs. Hastings Mutual FAQs

Is Chubb or Hastings Mutual cheaper?

Looking just at the national average rates, Hastings Mutual is the more affordable of the two carriers, offering average rates of $211 per month compared to $291 for Chubb. However, Hastings Mutual won't necessarily be the lowest carrier for everyone, since there are a bunch of different variables that come into play when it comes to your insurance payment.

Who is better, Chubb or Hastings Mutual?

Sadly, the only answer we can give you is "it depends.". No one company is necessarily "better" for every driver -- it all depends on what your unique auto insurance profile looks like.

Why do Chubb and Hastings Mutual offer me different rates?

Car insurance companies take a look at quite a few different factors when calculating the prices they charge drivers. Things like age, gender, where your home is, your driving record, and sometimes even things like your credit score can all be taken into consideration. Both Chubb and Hastings Mutual calculate premiums using different formulas, so each one will most likely offer different rates. The only real way to see which carrier is the cheapest for you is by comparing personalized quotes from lots of different carriers.

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

The only way to find the insurance company that's right for you is by getting quotes from several companies and finding the one best suited for your individual budget. Luckily, sites like Compare.com do all the hard work for you. Just enter your information once and you'll get free quotes from dozens of the best auto insurance carriers in your area. That way, you can guarantee you're getting the best rate. And who knows, the best carrier for you might not be Chubb or Hastings Mutual 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.