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

Quick Facts

• Based on national averages for car insurance, Penn National offers significantly cheaper rates than Chubb
• Penn National offers less expensive average premiums for policyholders who live in the suburbs
• Penn National offers more affordable rates for policyholders whose driving record contains an at-fault collision

Chubb or Penn National: Which Company has the Cheapest Car Insurance?

Are you in the market for a new insurance policy? With so many ads from all sorts of companies offering huge savings, you're probably wondering exactly how much you might be able to save.

You've maybe even narrowed it down to Chubb or Penn National as your top options, but between the two, which carrier will offer you more affordable prices?

As you can see, Penn National has average rates that are around 25% a month less expensive than those from Chubb when looking at the national average rates for auto insurance.

But that doesn't necessarily mean Penn National will be the more affordable option for each driver. After all, car insurance carriers can offer drastically different rates to every driver depending on rating factors like your driving record, where you call home, your credit score, or even your age (among other things), so premiums will vary quite a bit from person to person.

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

Chubb vs. Penn National: Average Car Insurance Rates by State

Chubb and Penn National only compete against each other in one states, with Penn National offering cheaper prices to the average driver in all of them. Tennessee has the most noticable difference, where Penn National premiums are $114 less expensive than insurance prices at Chubb.

There's a lot more that goes into your car insurance cost than just your home state. Continue reading to see how other variables will affect your rates.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- generally pay a lot for insurance compared to older drivers. That's because teen drivers are statistically much more likely to get into an accident that results in an insurance claim, making them much riskier to insure.

Even so, that doesn't mean that teen drivers have to just accept sky-high auto insurance premiums. As you can see above, teens who use Penn National save over 25% per month compared to those who use Chubb.

That being said, both companies will offer you dramatically lower rates by the time drivers turn 25. Penn National offers the steepest reduction, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. Chubb's average prices reduce almost 55% during that same period.

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 most affordable rates you'll ever see.

So, which carrier offers the best premiums to retired drivers? Penn National gets the edge here, with average prices coming in at about $163 monthly compared to Chubb's $187.

Which is the Best Company for Married Drivers?

Did you know that auto insurance premiums are typically more expensive for single drivers than they are for married policyholders? This usually boils down to married couples having more than one vehicle on their policy -- something a lot of car insurance carriers will reward with discounts.

For single policyholders, the difference in average rates between these two companies is significant, with Penn National premiums coming in at a quarter less than Chubb's. For married drivers, the advantage is clear again - Penn National has the edge when it comes to average rates.

Chubb or Penn National: Average Rates by Gender

Because women are less likely to get tickets and get into accidents, they run a lower risk of filing a claim with insurance. So, insurance carriers will tend to charge women less than men.

Generally, men see prices around $10 a month higher with Chubb, but with Penn National, the difference is closer to $5 per month.

When it comes to the cheapest rates for each gender, Penn National comes out as the lowest option for both genders, with average prices $76 less for men and $70 cheaper for women.

Chubb vs. Penn National: 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 car, while others only provide coverage for other people's property and health if you cause a collision.

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 if you cause an accident) and full coverage (which includes two additional coverages -- collision and comprehensive -- alongside liability coverage).

Looking specifically at state minimum limits for liability insurance, Penn National has the edge, with average monthly premiums coming in at $144. If you want a full coverage policy with the same state minimum limits, Penn National again has the edge, with policies averaging about $292 a month to Chubb's $412.

Is Chubb or Penn National 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.

Speeding tickets and at-fault collisions will most likely raise your prices, but is Chubb or Penn National cheaper for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Chubb for their auto insurance can normally expect their monthly bill to go up around 15% after getting a speeding ticket. Penn National policyholders can expect a bit more drastic of an increase of about 22%.

However, Penn National has more affordable premiums for drivers in both categories, offering rates that are 38% and 31% less expensive, respectively, compared to Chubb.

Which Company is Best for Drivers After an Accident?

Chubb drivers who get in a collision can expect to see their prices climb by just under 25%, while those who have insurance through Penn National will see around a 35% increase.

At the end of the day, Penn National offers the most affordable rates for drivers with an at-fault accident on their records, with average premiums coming in at $206 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 ticket or even an accident. On average, Penn National will increase your rates about 60% after a DUI, while Chubb's average prices rise by nearly 45%.

But if you end up with a DUI charge and are looking for more affordable premiums, Penn National tends to be more affordable for the average driver, with monthly premiums coming in at around $346 to Chubb's $389.

How does Credit Score Impact Chubb and Penn National Rates?

Did you know many car insurance companies take into account your credit score when determining rates? This isn't true for everyone (Michigan, for example, has banned the use of credit score as a car insurance factor) but it will come into play for many policyholders.

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

Looking specifically at Chubb and Penn National, which company has the best prices for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have a great credit score, Penn National will usually reward you the most. For policyholders with "excellent" credit scores, Penn National comes in NaN cheaper. Drivers with "good" credit scores normally save about 8% with Penn National compared to average premiums from Chubb.

Which Company is Best for Drivers with Bad Credit?

Penn National typically offers lower prices than Chubb when it comes to drivers with less-than-perfect credit. Drivers with "fair" credit pay around 9% per month less with Penn National compared to Chubb, and those with "poor" scores generally save an average of about 43% a month.

Is Chubb or Penn National 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 auto insurance companies will charge for coverage? Usually, those who drive less will end up with more affordable premiums since there's less of a chance of causing a collision and filing an insurance claim.

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

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

We've already mentioned how your home state can play a role in how much you pay for car insurance, but the type of area you live in can have a large impact as well. Typically, those who live in urban areas will pay more than drivers in rural areas since there are a lot more vehicles on the roads where they live.

Penn National tends to offer the cheapest premiums for drivers in all areas, regardless of if they're urban, suburban, or rural.

Those in rural areas can expect to save about $87 with Penn National compared to Chubb. People who live in suburban areas pay around $48 less with Penn National compared to Chubb. For policyholders in urban ZIP codes, Penn National Insurance's average prices are about $85 less than Chubb.

Chubb vs. Penn National Discounts

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

But where do you even start? With so many discounts out there, it may seem challenging to find all the of the ones you can take advantage of.

Luckily, we did the hard work for you and looked at all of the different discounts Chubb and Penn National offer their customers so that you can see which one can save you the most money each month.

Looking at the total number of discounts, Penn National comes out ahead with 16 discounts to Chubb's 15.

There are a couple discounts both carriers offer, but Penn National also offers discounts for added pip option , advance quote, group discount, and more.

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

Final Thoughts: Is Chubb or Penn National Best for You?

You've seen the effect certain factors have on your auto insurance and the different discounts companies offer. That's all well and good, but at the end of the day, which company is the best company for you, your vehicle, and your wallet?

Penn National might be best for you if....

• You have a speeding ticket on your driving record.
• Your neighborhood is in the suburbs.
• Your neighborhood is in a rural area.

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 Penn National. We also hope we've given you the information you need to make the best decision about your insurance.

At the end of the day, the best way to make sure you're getting the best deal on your auto insurance policy is to compare quotes from several carriers, not just Chubb and Penn National. Luckily, Compare.com does all the hard work for you. Simply enter your ZIP codes below and get multiple free quotes from some of the best car insurance companies in your area, all in just a few minutes.

Chubb vs. Penn National FAQs

Is Chubb or Penn National cheaper?

Penn National is the less expensive of the two carriers when looking at national average premiums, with policies averaging $218 a month with Penn National and $291 for Chubb. Even so, that doesn't mean Penn National will be the lowest carrier for each policyholder, since there are many different variables that are considered when it comes to your insurance bill.

Who is better, Chubb or Penn National?

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

Why do Chubb and Penn National offer me different rates?

Auto insurance companies use lots of different factors when calculating the rates they charge. Variables such as your driving record, where you park your car, gender, age, and sometimes even things like your credit score can all be taken into consideration. Both Chubb and Penn National use different formulas, so it's likely they'll offer different premiums. The best way to determine which carrier is the cheapest for you is by comparing personalized quotes from a bunch of different carriers.

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

The only way to find the insurance company that's right for you is by getting quotes from a handful of 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 area information and you'll get quotes from dozens of your local top auto insurance carriers for free. With those, you can guarantee you're getting the best rate. And maybe you'll find that the best carrier for you isn't Chubb or Penn National 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.