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

Quick Facts

• In general, Imt offers significantly more affordable prices than Chubb
• Chubb offers more discounts than IMT Insurance
• Imt tends to be a much less expensive option for drivers who have less-than-stellar credit

Chubb vs. Imt: 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 discounts, but exactly how much money can you save by switching?

You might have narrowed it down to Chubb or Imt for your next policy, but between the two, which carrier will save you the most?

Looking at the national average rates for both companies, Chubb is quite a bit more expensive than Imt, with premiums averaging $291 per month compared to just $109 with Imt.

However, that doesn't mean Imt will necessarily be cheaper than Chubb for every driver. After all, insurance carriers can offer drastically different rates to each driver depending on rating factors like your driving record, your credit score, where you call home, or even your age (among other things), so prices will differ quite a bit from person to person.

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

Chubb or Imt: Average Car Insurance Rates by State

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

That being said, there's a lot more that goes into your insurance payment than just where you live. Keep reading to learn more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive car insurance rates of any other group of drivers. Normally, that's because young, inexperienced drivers are statistically much more likely to get into accidents since they have less experience on the roads.

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 Imt save nearly $450 a month compared to those who use Chubb.

But both companies will reduce premiums by the time drivers turn 25. For example, average prices for Chubb policyholders decrease almost 55% and Imt's rates lower more than 45% over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age generally enjoy some of the most affordable auto insurance premiums you can find. After all, they've likely been driving for quite some time, which typically decreases their chances of accidents and other infractions that can increase prices.

But who has the best premiums for retired drivers between Chubb and Imt? Imt gets the edge here, with average rates coming in at about $82 per month compared to Chubb's $187.

Which is the Best Company for Married Drivers?

Did you know that insurance prices are usually more expensive for single drivers than they are for married drivers? That's because policies for married policyholders normally cover more than one car, which a lot of carriers will offer you a discount for.

When it comes to relationship status, Imt is the clear winner for those who are single, with premiums around $214 per month less expensive than Chubb, on average. The advantage is also clear for married couples - Imt offers the cheapest average rates.

Chubb vs. Imt: Average Rates by Gender

Men are statistically more likely than women to get into an accident or get pulled over for speeding. That means when it comes to auto insurance men will usually end up paying a little more.

Women generally pay about 4% a month less than men with Chubb, and over 10% less with Imt when compared to their male counterparts.

Looking at the data for each company specifically, Imt offers the lowest average prices for both men and women, with average premiums $181 less for men and $182 cheaper for women.

Chubb or Imt: 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 car insurance can be a complicated subject for most people. Everyone needs insurance, but there are so many different limits and terms that it can be hard to find the right policy.

The two most common policies end up falling into two different types of coverage -- liability only (which covers the other party's property damage and injuries if you cause a collision) and full coverage (which includes comprehensive and collision coverages that protect your own vehicle, alongside what you get with a liability policy).

If you're looking for state minimum liability insurance, Imt typically offers significantly cheaper rates of $58 compared to Chubb's $169. When it comes to full coverage policies with similar limits, Imt again has the edge, with policies around $250 per month less expensive than Chubb, on average.

Is Chubb or Imt Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from auto insurance companies 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 at-fault collisions and tickets on your record, but which of these two carriers offers the most affordable rates 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 a month if they get a ticket, while Imt usually raises rates about $13 per month, on average.

Even so, Imt has more affordable premiums for drivers in both categories. Drivers with a clean record can save around $147 a month and drivers with a speeding ticket can save about $172 per month with IMT Insurance.

Which Company is Best for Drivers After an Accident?

Chubb drivers who get in an accident can expect to see their prices climb by over $65, while those who have insurance through Imt will see around a $60 increase.

Overall, Imt offers the lowest rates for drivers with an at-fault accident on their records, with monthly prices averaging $134 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 -- typically a lot more than a collision or ticket. For example, Chubb increases average premiums by over $150 a month -- that's just under a 45% increase.

If you have a DUI on your record and are looking for more affordable rates, Imt tends to be the much less expensive option with average premiums of $135 monthly compared to $389 from Chubb.

How does Credit Score Impact Chubb and Imt Rates?

Did you know that many insurance companies take your credit score into account when calculating prices? This isn't always the case (California, for example, has banned the use of credit score as a rating factor) but it will come into play for lots of policyholders.

Auto insurance carriers 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, drivers with good credit will often be rewarded with cheaper premiums.

So, which carrier 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 solid credit score, you'll usually find a better deal with Imt. Drivers with "excellent" credit can save nearly 50% compared to Chubb, and those with "good" scores can also expect to see savings -- about $95 or 48% more affordable every month.

Which Company is Best for Drivers with Bad Credit?

Imt typically offers lower rates than Chubb when it comes to drivers with less-than-stellar credit. Drivers with "fair" credit pay around $121 per month less with Imt compared to Chubb, and those with "poor" scores normally save an average of about $426 a month.

Is Chubb or Imt 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 big impact on your monthly premiums? Generally, the more miles you drive, the more you can expect to pay for car insurance.

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

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

Where your home is can play a sizable role in how much you pay for insurance. Usually, policyholders who live in heavily-populated urban areas will pay quite a bit more than rural drivers because there are a lot more cars on the road in those areas, which increases the chances of an accident.

When comparing these two companies side-by-side, Imt generally comes out as the most affordable option for drivers in every type of area, no matter if it's urban, suburban, or rural.

For policyholders in urban ZIP codes, Imt offers rates about $136 monthly compared to Chubb's $360. People who live in suburban ZIP codes can expect to pay around $100 a month for Imt and $260 for Chubb. Lastly, those in rural areas tend to get the lowest prices from both carriers, with average monthly premiums coming in at $90 and $252 for Imt and Chubb respectively.

Chubb vs. Imt Discounts

Regardless of 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 possible, and the best way to do that is by utilizing as many auto insurance discounts as you can.

But where do you even start? With what seems like a million different discounts out there, it may be challenging to find all the ones you're eligible for.

In the section below, we've taken a look at all of the different discounts Chubb and Imt 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.

Chubb knocks Imt out of the park when it comes to the sheer number of discounts available, offering 15 different discounts to Imt's nine.

There are a couple discounts both companies offer, but Chubb also offers ABS discounts, anti-theft discounts, driver-vehicle combination discounts, and more that Imt does not.

On the flip side, Imt has a couple unique discounts of its own -- commercial product discounts, group discounts, minor child discounts, and more.

Final Thoughts: Is Chubb or Imt Best for You?

You've seen the effect certain factors have on your car insurance and the different discounts carriers offer. That's all well and good, but at the end of the day, which carrier is the right one for you, your vehicle, and your wallet?

Imt might be best for you if....

• You want to save money on your auto insurance after an accident.
• Your home is in a busy urban area.
• You and your spouse are buying insurance together.

Chubb might be best for you if...

• You're looking for the company with the most discounts.

We hope this guide helps you get a better idea of the difference between Chubb and Imt and that you can now make a more informed decision when it comes to 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 multiple companies, not just Chubb and Imt. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your ZIP code below and get free quotes from dozens of the top auto insurance carriers in your area, all in just a few minutes.

Chubb vs. Imt FAQs

Is Chubb or Imt cheaper?

Looking just at the national average prices, Imt is the more affordable of the two companies, offering average rates of $109 per month compared to $291 for Chubb. That being said, Imt won't necessarily be the cheapest carrier for every driver, since there are multiple different variables (things like age, driving record, gender, etc.) that play a role in how much you pay.

Who is better, Chubb or Imt?

Sadly, the answer truly is "it depends.". Neither company is "better" for each driver -- it all comes down to what your unique car insurance profile looks like.

Why do Chubb and Imt offer me different rates?

Auto insurance carriers take a look at many different factors when determining the rates they charge drivers. Variables like gender, where you park your vehicle, your driving record, age, and sometimes even things like your credit score can all come into play. Both Chubb and Imt use different formulas, so each one will most likely offer different premiums. The only real way to see which carrier is the most affordable for you is by comparing personalized quotes from a range of different companies.

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

The only way to find the 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, 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 companies in your area. That way, you can guarantee you're getting the lowest price. And who knows, the best carrier for you might not be Chubb or Imt 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.