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

Quick Facts

• Based on national averages for car insurance, Safe Auto offers significantly more affordable premiums than Chubb
• Chubb may help you save more money -- they offer more discounts than Safe Auto
• Safe Auto offers cheaper average prices for policyholders who live in rural neighborhoods

Chubb or Safe Auto: 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 might be considering Chubb or Safe Auto as potential options, but which company will save you the most?

Looking at the national average rates for both carriers, Chubb is around $68 more a month than Safe Auto.

But that doesn't mean Safe Auto will necessarily be less expensive than Chubb for every driver. Auto insurance companies vary their premiums depending on things like where you live, how clean your driving record is, how old you are, how good your credit score is, and a variety of other factors, so rates will vary quite a bit from person to person.

Luckily, we've broken down average prices from both Chubb and Safe Auto by lots of different rate factors, so read on to find out which company is the best for you.

Chubb vs. Safe Auto: Average Car Insurance Rates by State

Chubb and Safe Auto only compete against each other in three states, with Safe Auto offering cheaper rates to the average driver in all of them. Tennessee has the most noticable difference, where Safe Auto prices are $96 less expensive than insurance premiums at Chubb.

But there's more to calculating auto insurance rates than just where you live. Read on to learn more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive car insurance prices of any group on the road. Normally, that's because teen drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

But still, even with seemingly sky-high premiums, teen drivers can still find ways to save money. Just look at the table above -- where 18-year-old drivers who have Safe Auto for their auto insurance pay almost 30% less than those who use Chubb.

That being said, both carriers will reduce prices by the time drivers turn 25. Safe Auto offers the steepest reduction, with 25-year-olds paying less than half what 18-year-old drivers are charged. Chubb's average rates drop nearly 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 lowest premiums out there.

But who has the best prices for retired drivers between Chubb and Safe Auto? In this case, Safe Auto has the slight edge, with premiums about $8 per month less than Chubb. Even so, that difference is less than 5%, which means it ultimately will come down to other variables, like where you live or your credit score.

Which is the Best Company for Married Drivers?

You may not be aware, but car insurance rates tend to be more expensive for those who are single than they are for married policyholders. That's because policies for married couples typically cover more than one vehicle, which quite a few companies will give you a discount for.

For single policyholders, the difference in average premiums between these two carriers is significant, with Safe Auto prices coming in at a quarter less than Chubb's. The advantage for married drivers with Safe Auto is also obvious, where drivers save almost 25% a month.

Chubb or Safe Auto: Average Rates by Gender

Men are statistically more likely than women to get into a collision or get pulled over for speeding, which means they'll generally end up paying more for insurance than women.

Generally, men see rates around $10 per month higher with Chubb, and about $17 more with Safe Auto.

Looking at the data for each carrier specifically, Safe Auto comes out on top for both men and women. On average, male drivers save about $65 a month and women save around $71 with Safe Auto compared to the average Chubb policyholder.

Chubb vs. Safe Auto: 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, car insurance isn't the easiest topic to understand. Everyone needs auto insurance, but there are so many different limits and coverages that it can be hard to find the right policy for you.

However, the most common policies that drivers look at fall into two categories -- liability coverage (that covers property damage and bodily injury for other drivers and their passengers if you cause an accident) and full coverage (which includes two additional coverages -- collision and comprehensive -- in addition to what you get with liability coverage).

Looking specifically at state minimum liability limits, Safe Auto has the significant edge, with average monthly prices coming in at $126. If you want a full coverage policy with the same state minimum limits, Safe Auto again has the edge, with policies averaging about $320 per month to Chubb's $412.

Is Chubb or Safe Auto 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 at-fault collisions and speeding tickets on your record, but which of these two companies offers the cheapest rates to drivers with less-than-perfect 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. Safe Auto policyholders can expect a bit more drastic of an increase of about 18%.

But Safe Auto tends to offer the best prices for both drivers who have a recent ticket and those with clean records -- their rates are around 19% more affordable for drivers with clean records and 16% cheaper for those with a 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 over $65, while those who have insurance through Safe Auto will see around a $65 increase.

At the end of the day, Safe Auto offers the most affordable rates for drivers with an at-fault collision on their records, with average premiums coming in at $246 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 -- normally a lot more than an accident or speeding ticket. On average, Chubb will climb your prices about 43% after a DUI, while Safe Auto's average rates increase by more than 25%.

How does Credit Score Impact Chubb and Safe Auto Rates?

You may not realized it, but your credit score can come into play when carriers determine your monthly bill. Certain states and companies do not allow for credit score to be used as an auto insurance factor, but it will come into play for many 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 premiums, while those with poor credit will usually be forced to pay more.

So, which company offers the cheapest prices for policyholders with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Chubb or Safe Auto 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 substantial impact on your monthly auto insurance payment? Generally, the more milage you drive, the more you can expect to pay for coverage.

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

Chubb or Safe Auto: 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 insurance, but the type of area you live in can have a pretty big impact as well. Typically, drivers who live in heavily-populated urban areas will pay quite a bit more than rural policyholders since there are a lot more cars on the roads where they live.

Safe Auto boasts the lowest average rates for drivers in every type of area, no matter if it's urban, suburban, or rural.

If you live in a rural area, you can expect to pay about $197 a month with Safe Auto and $252 with Chubb. Drivers in suburban ZIP codes pay a monthly rate of around $200 with Safe Auto compared to $260 with Chubb. For drivers in urban ZIP codes, Safe Auto's average prices are about $271 while Chubb offers premiums around $360.

Chubb vs. Safe Auto Discounts

No matter 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 you can. That's where car insurance discounts comes into play.

But where do you even start? With so many discounts out there, it may seem challenging to find all the of the ones you're eligible for.

Luckily, we did the hard work for you and compared all of the different discounts offered by Chubb and Safe Auto so that you can easily see which company offers the most discounts and see which ones you might be able to take advantage of.

Looking at the total number of discounts, Chubb comes out ahead with 15 discounts to Safe Auto's 14.

There are a couple discounts both companies offer, but Chubb also offers discounts for ABS, distant student, driver-vehicle combination, and more.

On the other hand, Safe Auto has a few proprietary discounts of their own for things like agency transfer discounts, claim free discounts, homeowner discounts, and more.

Final Thoughts: Is Chubb or Safe Auto Best for You?

So, you've seen how different factors can affect your insurance rates. We've shown you all the discounts each carrier offers, too. But, when it comes down to it, which company is the right carrier for you and your specific driver profile?

Safe Auto might be best for you if....

• Your driving record includes a DUI charge.
• You have an at-fault accident on your record.
• Your neighborhood is in a rural area.

Chubb might be best for you if...

• You already have a great credit score.
• You're looking for the carrier with the most discounts.

Hopefully, this guide has ben a valuable resource as you compare Chubb and Safe Auto. We also hope we've given you the information you need to make the best decision when it comes to your car insurance.

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

Chubb vs. Safe Auto FAQs

Is Chubb or Safe Auto cheaper?

Safe Auto is the more affordable of the two carriers when looking at national average prices, with policies averaging $223 a month with Safe Auto and $291 for Chubb. Even so, that doesn't mean Safe Auto will be the cheapest company for everyone, since there are several different variables (things like gender, age, driving record, etc.) that play a role in how much you pay.

Who is better, Chubb or Safe Auto?

Unfortunately, the answer truly is "it depends.". Neither carrier is necessarily "better" for every policyholder -- it all boils down to your unique car insurance profile. For example, Chubb is less expensive for drivers with excellent credit, while Safe Auto offers cheaper premiums for drivers with a recent DUI.

Why do Chubb and Safe Auto offer me different rates?

Insurance companies use lots of different factors when determining the prices they charge. Variables like gender, age, your driving record, where your home is, and sometimes even things like your credit score can all come into play. Both Chubb and Safe Auto calculate rates using different formulas, so it's likely they'll offer different premiums. The best way to determine which company is the most affordable for you is by comparing personalized quotes from many different carriers.

How do I know if Chubb or Safe Auto 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 companies and finding the one best suited for your individual budget. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your information once and you'll get quotes from dozens of your local top insurance carriers for free. With those, you can guarantee you're getting the best premium. And maybe you'll find that the best company for you isn't Chubb or Safe Auto 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.