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

Quick Facts

• Based on national averages for insurance, Wawanesa offers significantly less expensive premiums than Chubb
• Chubb tends to be a much more affordable option for drivers who have less-than-stellar credit
• Wawanesa has cheaper prices for policyholders who drive fewer than 12,000 miles yearly

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

Are you considering a new insurance policy? You've probably seen commercials and billboards from companies offering huge discounts, but exactly how much money can you save by switching?

You've maybe even narrowed it down to Chubb or Wawanesa, but which carrier has less expensive rates for auto insurance?

Looking at the national average rates for both companies, Chubb is quite a bit more expensive than Wawanesa, with premiums averaging $291 per month compared to just $104 with Wawanesa.

But that doesn't necessarily mean Wawanesa will be the cheaper option for every single driver. Car insurance carriers vary their prices depending on things like how good your credit score is, how clean your driving record is, where you live, how old you are, and all sorts of other factors, so rates will vary quite a bit from person to person.

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

Chubb or Wawanesa: Average Car Insurance Rates by State

Chubb and Wawanesa only compete against each other in California, where Wawanesa offers the cheaper average premiums. For California residents, Wawanesa offers insurance for $104 monthly on average. Chubb's average rates come out to be over 70% more expensive, at $332 a month.

That being said, there's a lot more that goes into your auto insurance payment than just your home state. 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 insurance prices of any group out there on the road. It's generally because young, inexperienced 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. As you can see above, teens who use Wawanesa save more than $450 a month compared to those who use Chubb.

Even so, both companies will decrease prices once you turn 25. For example, average premiums for Chubb policyholders reduce nearly $350 and Wawanesa's rates lower about $70 over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll normally enjoy the most affordable auto insurance premiums you'll ever find. You've been on the road for years, and all that experience pays off when it comes to your monthly prices for car insurance.

When looking at Chubb and Wawanesa specifically, which company is best for retired drivers? Wawanesa gets the edge here, with average rates coming in at around $87 per month compared to Chubb's $187.

Which is the Best Company for Married Drivers?

Did you know that auto insurance prices are typically more affordable for married drivers than they are for those who are single? This usually boils down to married policyholders having more than one car on their policy -- something several insurance carriers will reward with discounts.

When it comes to relationship status, Wawanesa is the clear winner for single policyholders, with premiums about $219 per month cheaper than Chubb, on average. For married couples, the advantage is clear again - Wawanesa has the edge when it comes to average rates.

Chubb vs. Wawanesa: Average Rates by Gender

Men are statistically more likely than women to get pulled over for speeding or get into an accident, which means they'll usually end up paying more for car insurance than women.

Generally, women see prices around 4% a month less with Chubb; men and women get the same monthly premiums with Wawanesa.

Looking at overall affordability, Wawanesa comes out on top for both men and women. On average, male drivers save about $192 per month and women save about $181 with Wawanesa compared to the average Chubb policyholder.

Chubb or Wawanesa: 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 isn't the easiest topic to understand. There are a range of different coverages that account for multiple different things. Some protect you and your vehicle, while others only provide coverage for other people's property and health if you cause a collision.

The two most common policies that many drivers look at fall into two categories -- liability only (which covers the other party's injuries and property damage if you cause an accident) and full coverage (which includes two additional coverages -- comprehensive and collision -- in addition to what you get with a liability policy).

If you're looking for state minimum limits for liability insurance, Wawanesa typically offers significantly more affordable rates of $64 compared to Chubb's $169. When it comes to full coverage policies with similar limits, Wawanesa again has the edge, with policies around $250 a month less expensive than Chubb, on average.

Is Chubb or Wawanesa Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their auto insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

It's no secret secret that tickets and at-fault accidents lead to higher prices, but which carrier -- Chubb or Wawanesa -- has the cheapest rates for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Chubb policyholders can expect their premiums to go up an average of $38 per month if they get a ticket, while Wawanesa usually raises prices about $31 a month, on average.

However, Wawanesa has cheaper premiums for drivers in both categories, offering rates that are 67% and 60% more affordable, 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 Wawanesa will see around a 35% increase.

Overall, Wawanesa offers the lowest rates for drivers with an at-fault accident on their records, with monthly premiums averaging $113 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 collision or speeding ticket when it comes to your car insurance bill. On average, Chubb will climb your rates about 43% after a DUI, while Wawanesa's average premiums rise by over 40%.

If you have a DUI on your record and are looking for more affordable prices, Wawanesa tends to be the much less expensive option with average rates of $125 monthly compared to $389 from Chubb.

How does Credit Score Impact Chubb and Wawanesa Rates?

Did you know that many insurance companies take your credit score into account when calculating premiums? Certain states and carriers do not allow for credit score to be used as a rating factor, but it will come into play for quite a few policyholders.

Auto insurance companies argue that those with poor credit scores are less likely to pay their bills on time each month, which increases the risk involved on their end, while the opposite is true for those with good 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?

You'll often be rewarded if you have stellar credit. Jumping from a "good" credit score to an "excellent" one will normally save Chubb customers around 15%. On the other hand, because Wawanesa doesn't have data available for credit scores, they most likely don't use credit to calculate your rates.

Which Company is Best for Drivers with Bad Credit?

If you have bad credit, it can cost you with Chubb. As you can see, Chubb customers with poor credit scores pay about 60% per month more than those with fair scores (and even more compared to drivers with good or excellent scores). Because Wawanesa doesn't have data available for credit scores, they could have better prices for drivers with bad credit over Chubb.

Is Chubb or Wawanesa 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 big impact on how much car insurance carriers will charge for coverage? Generally, those who drive less will end up with cheaper premiums since there's less of a chance of getting into an accident and causing an insurance claim.

For both drivers who put 6,000 miles on their vehicles annually, as well as those who average twice that figure, Wawanesa offers less expensive rates than Chubb. Chubb average prices for drivers with 6,000 annual miles come in around $188 more expensive than Wawanesa. Those who drive 12,000 miles every year can expect to pay about $185 more with Chubb over Wawanesa.

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

Where you live can play a sizable role in how much you pay for insurance. Normally, those who live in urban areas will pay more than policyholders in rural areas because there are a lot more vehicles on the road in those areas, which increases the chances of an accident.

Wawanesa tends to offer the lowest premiums for drivers in every type of area, no matter if it's urban, suburban, or rural.

Drivers in rural ZIP codes see the most affordable prices from both companies, but Wawanesa comes out on top with average premiums around $95 per month. Wawanesa also has more affordable average rates for policyholders in urban and suburban ZIP codes -- a $246 and $155 a month respective difference when compared to Chubb drivers in similar areas.

Chubb vs. Wawanesa Discounts

Regardless of why you might be in the market for a new car insurance policy, you're always going to want to save as much money as possible, and the best way to do that is by taking advantage of as many auto insurance discounts as you can.

The hard part is finding all of the discounts you're eligible for, since it can feel sometimes like every carrier has different discounts and each one is advertised differently.

Below, we've compared all of the different discounts offered by Chubb and Wawanesa so that you can find the one that has the most discounts and, therefore, the biggest savings.

Chubb knocks Wawanesa out of the park when it comes to the sheer number of discounts available, offering 15 different discounts to Wawanesa's two.

There are a couple discounts both carriers offer, but Chubb also offers ABS discounts, anti-theft discounts, defensive driver discounts, and more that Wawanesa does not.

On the flip side, Wawanesa has a unique discount of its own -- a good driving discounts.

Final Thoughts: Is Chubb or Wawanesa Best for You?

So, we've broken down the average premiums for many of the variables insurance companies look at, and walked through the different discounts each company offers, too. That's all well and good, but when it comes down to it, is Chubb or Wawanesa the right company for you and your specific driver profile?

Wawanesa might be best for you if....

• You have a speeding ticket on your driving record.
• You live in an urban area.
• You are over 65 years old and want to save some money on your auto insurance.

Chubb might be best for you if...

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

We hope this guide has ben a valuable resource as you compare Chubb and Wawanesa. We also hope we've given you the information you need to make the best decision about 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 several carriers, not just Chubb and Wawanesa. Luckily, Compare.com does all the hard work for you. Simply enter your ZIP codes below and get free quotes from dozens of top car insurance companies in your area, all in just a few minutes.

Chubb vs. Wawanesa FAQs

Is Chubb or Wawanesa cheaper?

Looking just at the national average prices, Wawanesa is the cheaper of the two carriers, offering average rates of $104 per month compared to $291 for Chubb. That being said, Wawanesa won't necessarily be the cheapest company for everyone, since there are a bunch of different factors that are considered when it comes to your auto insurance cost.

Who is better, Chubb or Wawanesa?

Sadly, the real answer is "it depends.". Neither carrier is necessarily "better" for everyone -- it all comes down to what your unique car insurance profile looks like. For example, Wawanesa offers less expensive rates for drivers with a recent DUI, while Chubb is more affordable for drivers with excellent credit.

Why do Chubb and Wawanesa offer me different rates?

Auto insurance companies take a look at a lot of different variables when determining the prices they charge policyholders. Factors such as where you call home, where your home is, gender, age, and sometimes even things like your credit score can all come into play. Both Chubb and Wawanesa calculate premiums using different variables, so each one will most likely offer different rates. The only real way to see which company is the lowest for you is by comparing personalized quotes from a variety of different carriers.

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

The only way to find the 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 information once and you'll get free quotes from dozens of the best car insurance carriers in your area. That way, you can guarantee you're getting the most affordable rate. And who knows, the best company for you might not be Chubb or Wawanesa 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.