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

Quick Facts

• In general, Nationwide offers significantly more affordable rates than Chubb
• Nationwide offers less expensive average premiums for residents of suburban areas
• Nationwide has cheaper rates for policyholders who live in urban areas

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

Are you in the market for 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've maybe even narrowed your search down to Chubb or Nationwide for your next policy, but between the two, which one has less expensive premiums for auto insurance?

Looking at nationwide averages, Chubb is quite a bit more expensive than Nationwide, with prices averaging $291 a month compared to just $170 with Nationwide.

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

So, if you want to find out which of Chubb or Nationwide is really the best for you, keep reading to see average premiums for each carrier broken down by multiple different rate factors.

Chubb vs. Nationwide: Average Car Insurance Rates by State

Chubb and Nationwide compete against each other in six states, with Nationwide offering more affordable rates to the average driver in all of them. Wisconsin has the most noticable difference, where Nationwide premiums are $349 cheaper than auto insurance prices at Chubb.

But there's more to car insurance than just where you live. As we mentioned above, there's a lot of things that go into how insurance companies determine your premiums. Continue reading to learn more about how other variables will affect your rates.

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 out there on the road. Generally, that's because teen 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 Nationwide save over 40% per month compared to those who use Chubb.

However, both carriers will offer you dramatically lower rates once you turn 25. For example, average prices for Chubb policyholders lower around $350 and Nationwide's premiums reduce almost $250 over that time.

Which is the Best Company for Retired Drivers?

When it comes to insurance, patience and experience pay off, with drivers around retirement age paying some of the lowest rates you can find.

So, which company offers the best prices to retired drivers? Nationwide gets the edge here, with average premiums coming in at about $125 per month compared to Chubb's $187.

Which is the Best Company for Married Drivers?

Married drivers tend to get slightly more affordable auto insurance rates than those who are single. This usually boils down to married couples having more than one vehicle on their policy -- something many car insurance companies will reward with discounts.

For single drivers, the difference in average premiums between these two carriers is significant, with Nationwide prices coming in at around 40% less than Chubb's. For married policyholders, the advantage is clear again - Nationwide has the edge when it comes to average premiums.

Chubb or Nationwide: Average Rates by Gender

Because women are less likely to get into accidents and get tickets, they are less likely to file a claim with insurance. So, women normally pay less for insurance than men.

Generally, men see rates about $10 a month higher with Chubb, and around $12 more with Nationwide.

When it comes to the most affordable prices for each gender, Nationwide offers the lowest average rates for both men and women, with average premiums $120 less for men and $121 cheaper for women.

Chubb vs. Nationwide: 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.

Auto insurance isn't the easiest topic to understand. There are so many different terms and limits that it can make it pretty confusing to find the right policy for you.

But most policies that drivers look at fall into two categories -- liability coverage (which covers the other party's injuries and property damage if you cause a collision) and full coverage (which includes collision and comprehensive coverages that protect your own car, in addition to what you get with a liability policy).

Looking specifically at state minimum liability limits, Nationwide has the significant edge, with average monthly prices coming in at $112. If you want a full coverage policy with the same state minimum limits, Nationwide again has the edge, with policies averaging about $229 per month to Chubb's $412.

Is Chubb or Nationwide Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their car insurance. But that's not to say you can't save money if you don't have the best driving record, either.

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

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Chubb for their auto insurance can usually expect their monthly bill to go up around 15% after getting a speeding ticket. Nationwide policyholders can expect a bit more drastic of an increase of about 16%.

That being said, Nationwide tends to offer the best prices for both drivers who have clean records and those with a recent ticket. With Nationwide, drivers with a clean record can save around $98 a month and drivers with a speeding ticket can save about $112 per month.

Which Company is Best for Drivers After an Accident?

Chubb drivers who get in an accident can expect to see their prices rise by over $65, while those who have insurance through Nationwide will see around a $55 increase.

At the end of the day, the less expensive rates come from Nationwide, with average prices coming in at $178 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 insurance bill -- typically a lot more than a collision or ticket. For example, Chubb increases average rates by more than $150 a month -- that's nearly a 45% increase.

How does Credit Score Impact Chubb and Nationwide Rates?

In many cases, your credit score can be used as one of the factors to calculate your monthly auto insurance premiums. This isn't true for everyone (for example, Hawaii and California are two states that ban the practice entirely), but it might come into play for quite a few policyholders.

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

Looking specifically at Nationwide and Chubb, which carrier has the best premiums for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Chubb or Nationwide 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 pretty big impact on how much insurance companies will charge for coverage? That's because the more milage you put on your vehicle each year, the more likely you are to be in an accident and file an insurance claim.

Nationwide tends to be the cheaper option for both remote workers and those taking short commutes. Chubb's average prices for drivers with 6,000 annual miles come in over $100 more expensive than Nationwide. Those who drive 12,000 miles annually can expect to pay nearly $150 more with Chubb over Nationwide.

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

Where you park your car can have a large impact on your monthly car insurance bill. Typically, those who live in rural areas will pay less than drivers in urban areas since there are a lot fewer vehicles on the road where they live, which lowers the chances of an accident.

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

For drivers in urban ZIP codes, Nationwide's average rates are about $199 while Chubb offers prices around $360. Drivers in suburban ZIP codes pay about $159 with Nationwide compared to Chubb's $260 a month. If you live in a rural area, you can expect to pay around $151 monthly with Nationwide compared to Chubb's $252.

Chubb vs. Nationwide 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 hard to find all the ones you're eligible 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 looked at all of the different discounts Chubb and Nationwide offer their customers so that you can see which company can save you the most money each month.

Nationwide knocks Chubb out of the park when it comes to the sheer number of discounts available, offering 22 different discounts to Chubb's 22.

There are a couple discounts both companies offer, but Nationwide also offers discounts for advance quote, agency transfer, EFT, and more.

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

Final Thoughts: Is Chubb or Nationwide Best for You?

You've seen the effect certain variables have on your insurance and the different discounts carriers offer. That's all well and good, but when it comes down to it, which company is the best carrier for you and your specific profile and needs?

Nationwide might be best for you if....

• You have an at-fault collision on your record.
• You're looking for the best premiums on liability only coverage.
• You are purchasing your auto insurance with a spouse.

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 Nationwide and that you can now make a more informed decision when it comes to your 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 Nationwide. Luckily, Compare.com makes it easy for you to do just that. Simply enter your ZIP codes below and get free quotes from dozens of top insurance carriers in your area, all in just a few minutes.

Chubb vs. Nationwide FAQs

Is Chubb or Nationwide cheaper?

Nationwide is the less expensive of the two companies when looking at national average rates, with policies averaging $170 per month with Nationwide and $291 for Chubb. Even so, that doesn't mean Nationwide will be the cheapest carrier for everyone, since there are a variety of different factors (things like age, driving record, gender, etc.) that play a role in how much you pay.

Who is better, Chubb or Nationwide?

Sadly, the only answer we can give you is "it depends.". No single company is necessarily "better" for everyone -- it all comes down to what your unique car insurance profile looks like.

Why do Chubb and Nationwide offer me different rates?

Auto insurance carriers use several different variables when determining the premiums they charge. Things like age, gender, your driving record, where you live, and sometimes even things like your credit score can all come into play. Both Chubb and Nationwide use different formulas, so it's likely they'll offer different prices. The best way to determine which carrier is the lowest for you is by comparing personalized quotes from many different companies.

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

The only way to find the car insurance company 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, sites like Compare.com do all the hard work for you. Just enter your information once and you'll get quotes from dozens of your local top auto insurance companies for free. With those, you can guarantee you're getting the most affordable rate. And maybe you'll find that the best carrier for you isn't Chubb or Nationwide 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.