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

Quick Facts

• Based on national averages for auto insurance, Secura offers significantly more affordable rates than Chubb
• Secura may help you save more money -- they offer more discounts than Chubb
• Secura offers more affordable premiums for policyholders who have a clean driving record, free of collisions, tickets, or DUIs

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

So, you're thinking about switching to a new insurance policy. You've probably seen commercials and billboards from companies offering large savings, but exactly how much money can you save by switching?

You've maybe even narrowed it down to Chubb or Secura as your top options, but which one will offer you less expensive prices?

Looking at the national average rates for both carriers, Secura is quite a bit cheaper than Chubb, with rates averaging $146 a month compared to $291 with Chubb.

However, Secura may not be the lowest or best option for each driver out there. After all, insurance companies can offer drastically different rates to every driver depending on rating factors like where you call home, your driving record, your credit score, or even your age (among other things), so premiums will differ quite a bit from person to person.

Wanting to know if Chubb or Secura 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. Secura: Average Car Insurance Rates by State

Chubb and Secura only compete against each other in one states, with Secura offering cheaper prices to the average driver in all of them. Wisconsin has the most noticable difference, where Secura premiums are $382 less expensive than car insurance prices at Chubb.

But there's more to auto insurance than just your home state. As we mentioned above, there's a lot of things that go into how car insurance carriers determine your premiums. Keep reading to learn more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- typically pay a lot for insurance compared to older drivers. It's because teen drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

Even so, that doesn't mean that teen drivers have to just accept sky-high auto insurance rates. For example, 18-year-old drivers pay an average of over 50% less per month by choosing Secura over Chubb.

That being said, both companies will reduce prices by the time drivers turn 25. Secura offers the steepest decrease, with 25-year-olds paying less than half what 18-year-old drivers are charged. Chubb's average rates lower almost 55% during that same period.

Which is the Best Company for Retired Drivers?

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

When looking at Chubb and Secura specifically, which carrier is best for retired drivers? Secura gets the edge, with premiums for drivers 65 and older $76 more affordable than the national average for Chubb.

Which is the Best Company for Married Drivers?

Did you know that auto insurance rates are normally more expensive for single policyholders than they are for married drivers? That's because policies for married couples typically cover several vehicles, which several carriers will give you a discount for.

For single drivers, the difference in average premiums between these two companies is significant, with Secura rates coming in at around half of Chubb's. The advantage for married policyholders with Secura is also obvious, where drivers save nearly 50% a month.

Chubb or Secura: Average Rates by Gender

Because women are less likely to get speeding tickets and get into collisions, they have a lower chance of filing a claim with insurance. So, women normally pay less for car insurance than men.

Usually, men see prices about 4% per month higher with Chubb, and around 2% with Secura.

When it comes to the cheapest rates for each gender, Secura comes out as the most affordable option for both genders. On average, women save about $141 a month and men save about $149 with Secura compared to the average Chubb policyholder.

Chubb vs. Secura: 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.

Insurance can be a complicated subject for most people. Everyone needs car 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 (that covers property damage and bodily injury for other drivers and their passengers if you cause a collision) and full coverage (which usually refers to having collision and comprehensive coverages alongside liability).

Looking specifically at state minimum liability insurance, Secura has the significant edge, with average monthly premiums coming in at $69. If you want a full coverage policy with the same state minimum limits, Secura again has the edge, with policies averaging around $222 per month to Chubb's $412.

Is Chubb or Secura Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from auto 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.

Speeding tickets and collisions will most likely raise your premiums, but is Chubb or Secura cheaper for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Chubb for their insurance can generally expect their monthly bill to go up about 15% after getting a speeding ticket. Secura policyholders can expect a bit more drastic of an increase of around 29%.

But Secura has less expensive prices for drivers in both categories. With SECURA Insurance, drivers with a clean record can save about $136 a month and drivers with a ticket can save around $139 per month.

Which Company is Best for Drivers After an Accident?

Both companies will increase rates pretty significantly if you get into an at-fault collision with Chubb climbing by about 23%. Secura has a less extreme climb, but you can still expect to pay nearly 35% more than you were prior to your first accident.

At the end of the day, Secura offers the lowest premiums for drivers with an at-fault collision on their records, with average prices coming in at $129 compared to Chubb's $290.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single accident or speeding ticket when it comes to your auto insurance bill. On average, Chubb will raise your rates around 43% after a DUI, while Secura's average prices rise by just under 65%.

But if you end up with a DUI charge and are looking for more affordable premiums, Secura tends to be more affordable for the average driver, with monthly premiums coming in at about $244 to Chubb's $389.

How does Credit Score Impact Chubb and Secura Rates?

Did you know many car insurance carriers take into account your credit score when determining rates? Certain states and companies do not allow for credit score to be used as an insurance factor, but it will come into play for many drivers.

Auto insurance carriers argue that someone with good credit is more likely to pay their bills on time, which makes them less risky to insure. Because of that, policyholders with good credit will often be rewarded with cheaper prices.

So, which company offers the cheapest premiums for drivers with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

If you have solid credit, Secura will normally reward you the most. For policyholders with "excellent" credit scores, Secura comes in more than 25.61 less expensive. Drivers with "good" credit scores generally save around 32% with Secura compared to average rates from Chubb.

Which Company is Best for Drivers with Bad Credit?

Secura typically offers lower prices than Chubb when it comes to drivers with a below average credit score. Drivers with "fair" credit pay about 35% a month less with Secura compared to Chubb, and those with "poor" scores typically save an average of around 68% monthly.

Is Chubb or Secura 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 sizable impact on your monthly rates? Usually, those who drive fewer miles will end up with cheaper premiums since there's less of a chance of causing an accident and filing an insurance claim.

For both remote workers and those taking short commutes, Secura offers more affordable prices than Chubb. Chubb's average rates for drivers with 6,000 annual miles come in 50% more expensive than Secura. Those who drive 12,000 miles yearly can expect to pay 50% more with Chubb over Secura.

Chubb or Secura: 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 substantial impact as well. Typically, those who live in rural areas will pay less than drivers in urban areas because of the small number of cars that are on the roads where they live.

Secura tends to offer the lowest prices for drivers in all types of areas, no matter if they're urban, suburban, or rural.

For policyholders in urban ZIP codes, SECURA Insurance's average premiums are about 55% less than Chubb. People who live in suburban areas pay around 47% less with Secura compared to Chubb. Those in rural areas can expect to save about 45% with Secura compared to Chubb.

Chubb vs. Secura 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.

The difficult part is finding all of the discounts you qualify for, since it can feel sometimes like every company 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 Secura 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, Secura has the advantage when it comes to total number of discounts. Chubb offers a grand total of 15 discounts, while Secura has 19.

There are a couple discounts both companies offer, but Secura also offers discounts for advance quote, good driving, group discount, and more.

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

Final Thoughts: Is Chubb or Secura Best for You?

So, we've broken down the average prices for many of the variables car insurance carriers look at, and we've shown you all the discounts each carrier offers. But, when it comes down to it, is Chubb or Secura the right company for you and your specific driver profile?

Secura might be best for you if....

• You will be the only person on the auto insurance policy.
• You care about discounts (Secura offers the most).
• You want to save money while purchasing insurance for a teenager.

Chubb might be best for you if...

• You have a more unique driver profile than those we mentioned above.

Hopefully, this guide has ben a valuable resource as you compare Chubb and Secura. We also hope we've given you the information you need to make the best decision about your auto insurance.

But, at the end of the day, there's only one way to know for sure that you're getting the best possible deal on insurance -- comparing quotes from a handful of companies, not just Chubb and Secura. Luckily, sites like Compare.com do all the hard work for you. Simply enter your ZIP codes below and get multiple quotes from some of the best car insurance carriers in your area, all for free.

Chubb vs. Secura FAQs

Is Chubb or Secura cheaper?

Secura is the less expensive of the two companies when looking at national average premiums, with policies averaging $146 per month with Secura and $291 for Chubb. That being said, that doesn't mean Secura will be the cheapest company for each policyholder, since there are several different factors (things like driving record, age, gender, etc.) that play a role in how much you pay.

Who is better, Chubb or Secura?

Sadly, the real answer is "it depends.". No one carrier is necessarily "better" for everyone -- it all boils down to your unique auto insurance profile.

Why do Chubb and Secura offer me different rates?

Insurance carriers use quite a few different variables when calculating the rates they charge. Factors such as where you call home, age, where you live, gender, and sometimes even things like your credit score can all come into play. Both Chubb and Secura calculate prices using different variables, so it's likely they'll offer different rates. The best way to determine which company is the most affordable for you is by comparing personalized quotes from a variety of different companies.

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

The only way to find the car 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 information once and you'll get quotes from dozens of your local top insurance companies for free. That way, you can guarantee you're getting the best price. And maybe you'll find that the best company for you isn't Chubb or Secura 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.