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

So, you're in the market for a new insurance policy. You may have even narrowed down your search to Chubb and Pemco. But which of these two companies is the best one for you? Read on to find which carrier has the best prices and biggest discounts.
Newly insured car driving down the road
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Quick Facts

  • Looking at the national averages for car insurance, Pemco offers significantly cheaper rates than Chubb
  • Chubb may help you save more money -- they offer more discounts than PEMCO Insurance
  • Pemco offers more affordable premiums for policyholders who drive fewer than 6,000 miles every year


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

Are you in the market for a new insurance policy? After all, you've seen ads from all sorts of companies offering hefty savings. But exactly how much can you save by switching?

You might be considering Chubb or Pemco for your next policy, but which carrier will offer you less expensive rates?

Chubb Pemco
$291$107

Looking at nationwide averages, Pemco is quite a bit cheaper than Chubb, with prices averaging $107 a month compared to $291 with Chubb.

That being said, that doesn't necessarily mean Pemco will be the more affordable option for each driver. Insurance carriers use a ton of complex algorithms to determine premiums, so depending on how clean your driving record is or how good your credit score is (among multiple other factors), you could see wildly different prices from the ones above.

Luckily, we've broken down average premiums from both Chubb and Pemco by several different rate factors, so read on to find out which company is the best for you.

Chubb vs. Pemco: Average Car Insurance Rates by State

State Chubb Pemco
WA$118$107

Chubb and Pemco only compete against each other in Washington, where Pemco offers the cheaper average rates. Pemco drivers tend to pay about $11 per month less on average compared to drivers who use Chubb for their car insurance.

That being said, there are plenty of other factors that go into your auto insurance payment than just the state you live in. Read on to learn more.


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Which is the Best Company For Young Drivers?

Chubb Pemco
18-year-old drivers$633$215
25-year-old drivers$288$95

Young drivers -- especially teens -- usually pay a lot for car insurance compared to older drivers. The reason is that teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

But that doesn't mean that teen drivers have to just accept sky-high insurance premiums. For example, 18-year-old drivers pay an average of over 65% less a month by choosing Pemco over Chubb.

Even so, with both companies, you'll see your prices reduce significantly by the time drivers turn 25. For example, average rates for Chubb policyholders lower almost 55% and Pemco's prices drop more than 55% over that time.

Which is the Best Company for Retired Drivers?

Chubb Pemco
65+-year-old drivers$187$91

Drivers around retirement age typically enjoy some of the most affordable auto insurance premiums you'll ever see. After all, they've likely been driving for quite some time, which generally decreases their chances of collisions and other infractions that can raise rates.

But who has the best premiums for retired drivers between Chubb and Pemco? Pemco gets the edge here, with average rates coming in at around $91 a month compared to Chubb's $187.

Which is the Best Company for Married Drivers?

Chubb Pemco
Single$338$123
Married$227$87

Those who are single tend to get offered slightly more expensive insurance prices than married policyholders. This usually boils down to married couples having multiple vehicles on their policy -- something many auto insurance carriers will reward with discounts.

For single policyholders, the difference in average premiums between these two companies is significant, with Pemco rates coming in at about a third of Chubb's. For married drivers, the advantage is clear again - Pemco has the edge when it comes to average prices.

Chubb or Pemco: Average Rates by Gender

Chubb Pemco
Male$296$109
Female$285$105

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

With Chubb, men generally pay around 4% more per month than women., and about 4% more with Pemco.

Looking at the data for each carrier specifically, Pemco comes out as the lowest option for both genders, with average premiums 63% less for men and 63% cheaper for women.


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Chubb vs. Pemco: Compare State Minimum vs. Full Coverage Rates

Chubb Pemco
State Minimum*$169$62
Full Coverage**$412$152

*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, auto insurance can be pretty complicated. Everyone needs insurance, but there are so many different coverages and terms that it can be hard to find the right policy for you.

The two most common policies that drivers look at fall into two categories -- liability coverage (which provides property damage and bodily injury coverage for other drivers and passengers if you cause a collision) and full coverage (which includes two additional coverages -- collision and comprehensive -- in addition to liability).

Looking specifically at state minimum liability insurance, Pemco has the significant edge, with average monthly rates coming in at $62. If you want a full coverage policy with the same state minimum limits, Pemco again has the edge, with policies averaging around $152 a month to Chubb's $412.

Is Chubb or Pemco 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.

It's no secret secret that speeding tickets and at-fault accidents lead to higher premiums, but which company -- Chubb or Pemco -- has the cheapest prices for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Chubb Pemco
Clean Record$223$85
1 Speeding Ticket$261$101

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

However, Pemco tends to offer the best prices for drivers both with clean records and with a ticket -- their rates are around 62% less expensive for drivers with clean records and 61% more affordable for those with a ticket.

Which Company is Best for Drivers After an Accident?

Chubb Pemco
Clean Record$223$85
1 At-Fault Accident$290$111

Chubb drivers who get in an accident can expect to see their rates rise by just under 25%, while those who have insurance through Pemco will see about a 25% increase.

At the end of the day, drivers who use Pemco end up with the cheaper prices after an accident, with average prices coming in at $111 compared to Chubb's $290.

Which Company is Best for Drivers with a DUI?

Chubb Pemco
Clean Record$223$85
1 DUI$389$131

If you get a DUI charge on your record, it's probably going to cost you more than a simple speeding ticket or even a collision. For example, Chubb increases average rates by more than $150 per month -- that's nearly a 45% increase.

But if you end up with a DUI charge and are looking for more affordable premiums, Pemco tends to be cheaper for the average driver, with monthly premiums coming in at around $131 to Chubb's $389.


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How does Credit Score Impact Chubb and Pemco Rates?

Often times, your credit score can come into play when companies calculate your monthly bill. This isn't true for everyone (for example, Massachusetts and California are two states that ban the practice entirely), but it will come into play for lots of policyholders.

The reasoning auto insurance carriers use is that drivers with bad credit will be less likely to pay their bills on time; so normally, they'll be asked to pay more, while those with good credit will be rewarded with more affordable rates.

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

Which Company is Best for Drivers with Good Credit?

Chubb Pemco
Excellent Credit Score$164$63
Good Credit Score$197$82

If you have a solid credit score, Pemco will usually reward you the most. For drivers with "excellent" credit scores, Pemco comes in more than 61.59 less expensive. Drivers with "good" credit scores typically save about 58% with Pemco compared to average prices from Chubb.

Which Company is Best for Drivers with Bad Credit?

Chubb Pemco
Fair Credit Score$229$106
Poor Credit Score$566$178

Pemco typically offers lower premiums than Chubb when it comes to drivers with less-than-perfect credit. Drivers with "fair" credit pay around 54% a month less with Pemco compared to Chubb, and those with "poor" scores usually save an average of about 69% monthly.


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

Chubb Pemco
6,000 Annual Miles$286$104
12,000 Annual Miles$296$110

Did you know that the amount of time you spend in your car have a large impact on how much car insurance companies will charge for coverage? That's because the fewer miles you put on your car each year, the less likely you are to be in an accident and file an insurance claim.

For both remote workers and those taking short commutes, Pemco tends to be the cheaper option. Chubb's average prices for drivers with 6,000 annual miles come in nearly $200 more expensive than Pemco. Those who drive 12,000 miles annually can expect to pay just under $200 more with Chubb over Pemco.

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

Where your home is can play a substantial role in how much you pay for auto insurance. Generally, policyholders who live in less densely populated rural areas will pay quite a bit less than urban drivers since there are a lot fewer vehicles on the road where they live, which reduces the chances of an accident.

Chubb Pemco
Urban Areas$360$115
Suburban Areas$260$119
Rural Areas$252$88

Pemco boasts the lowest average rates for drivers in all areas, regardless of if they're urban, suburban, or rural.

Those in rural areas can expect to save around 65% with Pemco compared to Chubb. People who live in suburban areas pay about 54% less with Pemco compared to Chubb. For policyholders in urban ZIP codes, PEMCO Insurance's average prices are around 68% less than Chubb.

Chubb vs. Pemco Discounts

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

The challenging part is finding all of the discounts you can take advantage of, since it can feel sometimes like every carrier has different discounts and each one is advertised differently.

Luckily, we did the hard work for you and compared all of the different discounts offered by Chubb and Pemco so that you can easily see which company offers the most discounts and, therefore, the largest savings.

Chubb Pemco
ABS Discount 
Advance Quote Discount 
Anti-Theft Discount
Defensive Driver Discount
Distant Student Discount
Driver Training Discount 
Driver-Vehicle Combination Discount 
DRL Discount 
Employee Discount 
Good Student Discount
Group Discount 
Homeowner Discount 
Low Mileage Discount 
Mature Driver Discount 
Multi-Policy Discount
Occasional Operator Discount 
Paid In Full Discount 
Passive Restraint Discount
Renewal Discount 
Vehicle Ownership Discount 

Looking at the total number of discounts, Chubb comes out ahead with 15 discounts to Pemco's 12.

A couple of those are overlapping for things like anti-theft discounts, discounts for being a defensive driver, and discounts for being a good student. Chubb also offers discounts for ABS, driver training, driver-vehicle combination, and more.

On the other hand, Pemco has a few proprietary discounts of their own for things like advance quote discounts, employee discounts, group discounts, and more.


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Final Thoughts: Is Chubb or Pemco Best for You?

So, we've broken down the average rates for many of the variables insurance carriers look at, and walked through the different discounts each company offers, too. But, at the end of the day, which insurance carrier is the right one for you and your specific profile and needs?

Pemco might be best for you if....

  • You're worried about the impact your credit score will have on your premiums.
  • You live in an suburban area.
  • You want to save money while purchasing auto insurance for a teenager.


Chubb might be best for you if...

  • You're looking for discounts -- Chubb has the most.

Hopefully, this guide helps you get a good idea of the differences between Chubb and Pemco. We also hope we've given you the information you need to make the best decision about your car 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 a handful of companies, not just Chubb and Pemco. Luckily, Compare.com makes it easy for you to do just that. Simply 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.


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Chubb vs. Pemco FAQs

Is Chubb or Pemco cheaper?

Pemco is the less expensive of the two companies when looking at national average rates, with policies averaging $107 per month with Pemco and $291 for Chubb. That being said, that doesn't mean Pemco will be the cheapest company for each policyholder, since there are lots of different factors that are considered when it comes to your car insurance bill.

Who is better, Chubb or Pemco?

Unfortunately, the real answer is "it depends.". No one carrier is "better" for every policyholder -- it all depends on the makeup of your unique insurance profile.

Why do Chubb and Pemco offer me different rates?

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

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

The only way to find the insurance carrier that's right for you is by getting quotes from multiple carriers and finding the one best suited for your individual budget. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code and you'll get quotes from dozens of your local top car insurance companies for free. With those, you can guarantee you're getting the best rate. And maybe you'll find that the best company for you isn't Chubb or Pemco 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.

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