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

Quick Facts

• Looking at the national averages for insurance, Chubb offers slightly less expensive prices than Southern
• Chubb has more affordable premiums for policyholders who live in suburban areas
• Southern offers more affordable prices for drivers who have received a ticket within the last few years

Chubb vs. Southern: Which Company has the Cheapest Car Insurance?

So, you're thinking about switching your auto insurance. After all, you've seen ads from all sorts of companies offering hefty discounts. But exactly how much can you save by switching?

You've maybe even narrowed it down to Chubb or Southern as potential options, but which carrier will save you the most?

Looking at the national average rates for both companies, Chubb is about $31 per month cheaper than Southern.

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

Luckily, we've broken down average premiums from both Chubb and Southern by a bunch of different rate factors, so read on to find out which carrier is the best for you.

Chubb or Southern: Average Car Insurance Rates by State

Chubb and Southern only compete against each other in one states, with Chubb offering less expensive rates to the average driver in all of them. Tennessee has the most noticable difference, where Chubb prices are more affordable than auto insurance premiums at Southern.

But there's more to insurance than just the state you live in. As we mentioned above, there's a lot of things that go into how car insurance companies calculate your prices. Continue reading to learn more about how other factors will affect your rates.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive auto insurance rates of any group out there on the road. That's because young, inexperienced drivers are statistically much more likely to get into an accident that results in an insurance claim, making them much riskier to insure.

However, that doesn't mean teen drivers can't still save money on their insurance. As you can see above, teens who use Chubb save nearly $75 a month compared to those who use Southern.

But with both carriers, you'll see your premiums decrease significantly once you turn 25. Southern offers the steepest drop, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. Chubb's average prices drop almost 55% during that same period.

Which is the Best Company for Retired Drivers?

Drivers around retirement age typically enjoy some of the lowest auto insurance rates you can find. After all, they've likely been driving for quite some time, which normally decreases their chances of accidents and other infractions that can increase prices.

But who has the best premiums for retired drivers between Chubb and Southern? Chubb gets the edge, with rates for drivers 65 and older $67 cheaper than the national average for Southern.

Which is the Best Company for Married Drivers?

Did you know that car insurance prices are usually more affordable for married couples than they are for single policyholders? That's generally because married policyholders tend to own and insure several cars, which can often earn you a discount.

When it comes to relationship status, Chubb is the clear winner for those who are single, with premiums around $43 per month less expensive than Southern, on average. But for married drivers, that advantage is much less clear - Chubb offers the cheapest average rates.

Chubb vs. Southern: Average Rates by Gender

Because men are more likely to get into collisions and get tickets, they have an increased chance of filing a claim with insurance. Therefore, men tend to pay more for insurance than women.

Women typically pay about 4% a month less than men with Chubb, and around 11% less with Southern.

Looking at the data for each company specifically, Chubb comes out on top for both men and women. On average, women save about $19 per month and men save about $44 with Chubb compared to the average Southern policyholder.

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

That being said, the most common policies that many drivers look at fall into two categories -- liability only (that covers bodily injury and property damage for other drivers and passengers if you cause an accident) and full coverage (which generally refers to having comprehensive and collision coverages in addition to what you get with liability).

If you're looking for state minimum liability insurance, Chubb usually offers cheaper premiums of $169 compared to Southern's $192. When it comes to full coverage policies with similar limits, Chubb again has the edge, with policies around $40 a month more affordable than Southern, on average.

Is Chubb or Southern Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from car insurance companies 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 tickets and collisions lead to higher rates, but which carrier -- Chubb or Southern -- has the lowest premiums for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Chubb policyholders can expect their rates to go up an average of $38 per month if they get a ticket, while Southern normally raises prices about $17 a month, on average.

But Southern tends to offer the best prices for both drivers who have a recent speeding ticket and those with clean records -- their rates are around 3% cheaper for drivers with clean records and 11% less expensive 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 rates rise by just under 25%, while those who have insurance through Southern will see around a 25% increase.

Overall, Chubb offers the most affordable premiums for drivers with an at-fault accident on their records, with monthly prices averaging $290 compared to Southern Insurance Company of Virginia's $293.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single collision or ticket when it comes to your auto insurance bill. Southern drivers usually see a 61% raise in their car insurance rates after a DUI charge, while Chubb will typically increase premiums by about 43%.

If you have a DUI on your record and are looking for more affordable prices, Chubb tends to be the much cheaper option with average premiums of $389 a month compared to $548 from Southern.

How does Credit Score Impact Chubb and Southern Rates?

In many cases, your credit score can be used as one of the variables to determine your monthly insurance rates. This isn't always the case (for example, California and Hawaii are two states that ban the practice entirely), but it does affect lots of policyholders out there.

Auto insurance carriers argue that those with good credit scores are more likely to pay their bills on time every month, which reduces the risk involved on their end, while the opposite is true for those with bad credit.

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

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Chubb or Southern 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 how much insurance companies will charge for coverage? Generally, the more miles you put on your vehicle each year, the more you can expect to pay for coverage.

For both drivers who put 6,000 miles on their vehicles yearly, as well as those who average twice that figure, Chubb offers more affordable premiums than Southern. Southern's average prices for drivers with 6,000 annual miles come in 7% more expensive than Chubb. Those who drive 12,000 miles each year can expect to pay over 10% more with Southern over Chubb.

Chubb vs. Southern: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can play a large role in how much you pay for car insurance. Normally, those who live in urban areas will pay more than policyholders in rural areas because there are a lot more cars on the roads in those areas.

When comparing these two carriers side-by-side, Chubb usually comes out as the lowest option for drivers in all types of areas, no matter if they're urban, suburban, or rural.

If you live in a rural area, you can expect to save around $46 with Chubb compared to Southern. Drivers in suburban ZIP codes pay about $19 less with Chubb compared to Southern. In urban areas, Chubb's average rates are around $30 less than Southern Insurance Company of Virginia.

Chubb vs. Southern Discounts

Regardless of 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 possible. That's where insurance discounts comes into play.

But with what seems like a million different discounts out there, it can be difficult to find all the ones you qualify for or to nail down the carrier that has the most discounts for your unique driver profile.

In the table below, we've broken down all of the different discounts offered by both Chubb and Southern so that you can easily see which company offers the most discounts and, therefore, the biggest savings.

Looking at the total number of discounts, Southern comes out ahead with 20 discounts to Chubb's 15.

A couple of those are overlapping for things like discounts for being a defensive driver, discounts for getting driver training, and passive restraint discounts. Southern also offers advance quote discounts, experienced operator discounts, family discounts, and more that Chubb does not.

On the flip side, Chubb has a couple unique discounts of its own -- distant student discounts, driver-vehicle combination discounts, DRL discounts, and more.

Final Thoughts: Is Chubb or Southern Best for You?

You've seen the effect certain factors have on your car insurance and the different discounts companies offer. But, when it comes down to it, is Chubb or Southern the best company for you and your specific profile and needs?

Chubb might be best for you if....

• Your credit score is high.
• You're looking for more protection with "full coverage" insurance.
• You're buying auto insurance for a teen and looking for a wallet-friendly option.

Southern might be best for you if...

• You don't have any speeding tickets, DUIs, or at-fault accidents on your record.
• You've received a ticket for speeding recently and don't want to see your premiums increase.
• You're looking for discounts -- Southern has the most.

We hope this guide has ben a valuable resource as you compare Chubb and Southern and that you can now make a more informed decision when it comes to your car 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 multiple carriers, not just Chubb and Southern. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code below and get free quotes from dozens of top auto insurance companies in your area, all in just a few minutes.

Chubb vs. Southern FAQs

Is Chubb or Southern cheaper?

Looking just at the national average rates, Chubb is the less expensive of the two carriers, offering average rates of $291 per month compared to $322 for Southern. However, Chubb won't necessarily be the cheapest company for every driver, since there are a variety of different variables that are considered when it comes to your car insurance cost.

Who is better, Chubb or Southern?

Sadly, the real answer is "it depends.". No single carrier is necessarily "better" for everyone -- it all depends on what your unique auto insurance profile looks like. For example, Chubb offers cheaper prices for drivers with an at-fault accident on their record, while Southern is more affordable for drivers who have less-than-stellar credit scores.

Why do Chubb and Southern offer me different rates?

Insurance companies take a look at many different factors when calculating the premiums they charge policyholders. Things like age, your driving record, where you park your vehicle, gender, and sometimes even things like your credit score can all be taken into consideration. Both Chubb and Southern calculate prices using different formulas, so each one will most likely offer different rates. The only real way to see which company is the most affordable for you is by comparing personalized quotes from multiple different carriers.

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

The only way to find the car 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 do all the hard work for you. Just enter your ZIP code and you'll get free quotes from dozens of the best auto insurance carriers in your area. With those, you can guarantee you're getting the cheapest premium. And who knows, the best company for you might not be Chubb or Southern at all!

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.