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

Quick Facts

• In general, Chubb offers more affordable premiums than MetLife
• Chubb has less expensive prices for drivers who have received a ticket within the last few years
• MetLife offers cheaper average premiums for couples purchasing auto insurance together

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

So, you're thinking about switching your auto insurance. After all, you've seen ads from all sorts of companies offering large discounts. But exactly how much can you save by switching?

You've maybe even narrowed your search down to Chubb or MetLife as potential options, but which carrier will offer you more affordable prices?

Looking at nationwide averages, Chubb is about $49 per month cheaper than MetLife.

However, that doesn't mean Chubb will necessarily be less expensive than MetLife for each driver. Car insurance companies use tons of complex algorithms to calculate rates, so depending on how clean your driving record is or how old you are (among a range of other factors), you could see wildly different prices from the ones above.

Luckily, we've broken down average premiums from both Chubb and MetLife by a range of different rate factors, so read on to find out which carrier is the best for you.

Chubb or MetLife: Average Car Insurance Rates by State

Chubb and MetLife compete against each other in six states, with Chubb offering cheaper rates to the average driver in all of them. Washington has the most noticable difference, where Chubb premiums are over 70% less expensive than auto insurance rates at MetLife.

That being said, there's a lot more that goes into your car insurance cost than just where you call home. 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. 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. For example, 18-year-old drivers pay an average of nearly $350 less a month by choosing Chubb over MetLife.

But both carriers will offer you dramatically lower rates once you turn 25. For example, average premiums for Chubb policyholders decrease almost 55% and MetLife's prices reduce more than 70% over that time.

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 premiums out there.

When looking at Chubb and MetLife specifically, which company is best for retired drivers? Chubb gets the slight edge, with prices for drivers 65 and older $18 more affordable than the national average for MetLife.

Which is the Best Company for Married Drivers?

Single drivers tend to get offered slightly more expensive auto insurance rates than married couples. This usually boils down to married policyholders having multiple cars on their policy -- something several insurance companies will reward with discounts.

When it comes to relationship status, Chubb is the clear winner for single policyholders, with premiums around $96 per month cheaper than MetLife, on average. But for married drivers, that advantage is much less clear - MetLife offers the lowest average rates.

Chubb vs. MetLife: Average Rates by Gender

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

On average, men see prices about 4% a month higher with Chubb, while with MetLife, the difference is closer to 8% per month.

When it comes to the cheapest rates for each gender, Chubb comes out on top for both men and women, with average prices 16% less for men and 13% cheaper for women.

Chubb or MetLife: 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 isn't the easiest topic to understand. There are so many different terms and coverages that it can make it pretty confusing to find the right policy.

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

If you're looking for state minimum liability limits, Chubb usually offers less expensive premiums of $169 compared to MetLife's $215. When it comes to full coverage policies with similar limits, Chubb again has the edge, with policies around $55 a month more affordable than MetLife, on average.

Is Chubb or MetLife Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their car insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

You'll probably end up paying more with accidents and tickets on your record, but which of these two carriers offers the lowest rates to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Chubb policyholders can expect their prices to go up an average of $38 per month if they get a ticket, while MetLife typically raises premiums about $59 a month, on average.

If you have a clean record, MetLife tends to offer the best rates at around 1% cheaper, while Chubb has the edge for drivers with a speeding ticket.

Which Company is Best for Drivers After an Accident?

Chubb drivers who get in a collision can expect to see their premiums rise by just under 25%, while those who have insurance through MetLife will see about a 40% increase.

Overall, drivers who use Chubb end up with the cheaper prices after an accident, with monthly prices averaging $290 compared to MetLife's $368.

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 auto insurance bill -- usually a lot more than an accident or ticket. For example, MetLife increases average rates by over $250 per month -- that's over a 55% increase.

How does Credit Score Impact Chubb and MetLife Rates?

Did you know that many car insurance companies take into account your credit score when calculating premiums? Certain states and carriers do not allow for credit score to be used as a rating factor, but it might come into play for quite a few policyholders.

The reasoning insurance companies use is that drivers with good credit will be more likely to pay their bills on time; so they'll reward them with cheaper prices, while those with poor credit will generally be forced to pay more.

So, which carrier offers the cheapest premiums for policyholders with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

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

How much you drive can have a large impact on your monthly car insurance payment. Typically, those who drive less will end up with more affordable prices since there's less of a chance of getting into a collision and causing an insurance claim.

For both drivers who put 6,000 miles on their vehicles annually, as well as those who average twice that figure, Chubb offers less expensive rates than MetLife. MetLife's average prices for drivers with 6,000 annual miles come in around 16% more expensive than Chubb. Those who drive 12,000 miles each year can expect to pay about 13% more with MetLife over Chubb.

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

Where you call home can have a big impact on your monthly insurance bill. Normally, drivers who live in heavily-populated urban areas will pay quite a bit more than rural policyholders due to the number of cars that are on the roads in those areas.

When comparing these two carriers side-by-side, Chubb typically comes out as the cheapest option for drivers in every type of area, no matter if it's urban, suburban, or rural.

Drivers in rural ZIP codes see the lowest rates from both companies, but Chubb comes out on top with average premiums around $252 a month. Chubb also has cheaper average rates for policyholders in urban and suburban ZIP codes -- a $29 and $73 a month respective difference when compared to MetLife drivers in similar areas.

Chubb vs. MetLife 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. That's where car insurance discounts comes into play.

The hard part is finding all of the discounts you're eligible for, since it can feel sometimes like every carrier has different discounts and each one is advertised differently.

Below, we've broken down all of the different discounts offered by both Chubb and MetLife so that you can easily see which company offers the most discounts and see which ones you might be able to take advantage of.

MetLife blows Chubb away when it comes to the sheer amount of discounts available, offering 36 different discounts to Chubb's 15.

There are a couple discounts both carriers offer, but MetLife also offers AAA discounts, academic discounts, agency transfer discounts, and more that Chubb does not.

On the flip side, Chubb has a couple unique discounts of its own -- discounts for getting driver training, driver-vehicle combination discounts, DRL discounts, and more.

Final Thoughts: Is Chubb or MetLife Best for You?

So, you've seen how different variables can affect your insurance prices. We've shown you all the discounts each company offers, too. That's all well and good, but when it comes down to it, which carrier is the right one for you and your specific needs?

Chubb might be best for you if....

• Your driving record contains an at-fault accident.
• You have above-average credit.
• You live in a rural neighborhood.

MetLife might be best for you if...

• You value the experience that comes with a large national auto insurance company.
• You're looking for the carrier with the most discounts.
• You and your spouse are buying car insurance together.

We hope this guide helps you get a good idea of the differences between Chubb and MetLife and that it aids in making a more informed decision about 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 several companies, not just Chubb and MetLife. 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 top car insurance carriers in your area, all in just a few minutes.

Chubb vs. MetLife FAQs

Is Chubb or MetLife cheaper?

Looking just at the national average rates, Chubb is the more affordable of the two companies, offering average rates of $291 per month compared to $340 for MetLife. Even so, Chubb won't necessarily be the most affordable company for everyone, since there are several different factors (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, Chubb or MetLife?

Sadly, the answer truly is "it depends.". Neither carrier is "better" for everyone -- it all boils down to your unique auto insurance profile. For example, Chubb offers less expensive premiums for policyholders with an at-fault collision on their record, while MetLife is more affordable for drivers who have less-than-stellar credit scores.

Why do Chubb and MetLife offer me different rates?

Insurance carriers take a look at a lot of different variables when determining the prices they charge drivers. Factors such as age, where your home is, gender, your driving record, and sometimes even things like your credit score can all be taken into consideration. Both Chubb and MetLife calculate premiums using different formulas, so each one will most likely offer different prices. The only real way to see which company is the lowest for you is by comparing personalized quotes from many different companies.

How do I know if Chubb or MetLife 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 ZIP code and you'll get free quotes from dozens of the best insurance companies in your area. With those, you can guarantee you're getting the best premium. And who knows, the best company for you might not be Chubb or MetLife 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.