Cig vs. First American Property & Casualty: Which Company is the Best Fit for You?

Quick Facts

• In general, Cig offers significantly more affordable prices than First American Property & Casualty
• Cig has cheaper rates for policyholders who have a short commute
• Cig tends to be a much less expensive option for drivers who have an at-fault accident on their record

Cig vs. First American Property & Casualty: Which Company has the Cheapest Car Insurance?

So, you're thinking about switching your auto insurance. You've probably seen commercials and billboards from companies offering sizable discounts, but exactly how much money can you save by switching?

You've maybe even narrowed it down to Cig or First American Property & Casualty as potential options, but between the two, which one has more affordable prices for car insurance?

Looking at nationwide averages, First American Property & Casualty is quite a bit more expensive than Cig, with rates averaging $167 per month compared to just $119 with Cig.

Even so, Cig may not be the most affordable or best option for every single driver out there. Auto insurance companies use tons of complex algorithms to calculate premiums, so depending on how old you are or how good your credit score is (among an array of other factors), you could see wildly different prices from the ones above.

Wanting to know if Cig or First American Property & Casualty is really the right carrier for you? Keep on reading to see how average premiums can change based on all of the factors we've mentioned above.

Cig or First American Property & Casualty: Average Car Insurance Rates by State

Cig and First American Property & Casualty only compete against each other in California, where Cig offers the cheaper average rates. For California residents, Cig offers insurance for $139 monthly on average. First American Property & Casualty's average premiums come out to be over 15% more expensive, at $167 per month.

That being said, there's a lot more that goes into your car insurance payment than just where you call home. Continue reading to learn more about how other factors will affect your rates.

Which is the Best Company For Young Drivers?

You might already know that teen drivers normally pay a lot more for insurance than any other group of drivers. It's typically because young, inexperienced drivers are statistically much more likely to get into an accident that results in an auto insurance claim, making them much riskier to insure.

But still, even with seemingly sky-high rates, teen drivers can still find ways to save money. For example, 18-year-old drivers pay an average of more than $100 less a month by choosing Cig over First American Property & Casualty.

However, with both carriers, you'll see your prices drop significantly once you turn 25. For example, average premiums for Cig policyholders reduce over $100 and First American Property & Casualty's rates decrease about $200 over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age generally enjoy some of the lowest car insurance prices you'll ever see. After all, they've likely been driving for quite some time, which usually decreases their chances of accidents and other infractions that can increase rates.

So, which company offers the best premiums to retired drivers? Cig gets the edge, with prices for drivers 65 and older nearly 30% cheaper than the national average for First American Property & Casualty.

Which is the Best Company for Married Drivers?

You may not be aware, but auto insurance premiums tend to be less expensive for married couples than they are for those who are single. That's because policies for married drivers generally cover multiple cars, which lots of companies will offer you a discount for.

When it comes to relationship status, Cig is the clear winner for single drivers, with prices around $54 per month cheaper than First American Property & Casualty, on average. For married policyholders, the advantage is clear again - Cig has the edge when it comes to average rates.

Cig vs. First American Property & Casualty: Average Rates by Gender

Because men are more likely to get into collisions and get tickets, they raise the chances of filing a claim with insurance. Therefore, insurance carriers will tend to charge men more than women.

On average, men see prices about 3% a month higher with Cig; women and men end up paying same monthly premiums with First American Property & Casualty.

Looking at overall affordability, Cig comes out on top for both men and women, with average rates $46 less for men and $50 cheaper for women.

Cig or First American Property & Casualty: 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. Everyone needs auto insurance, but there are so many different limits and terms that it can be hard to find the right policy.

That being said, most policies end up falling into two different types of coverage -- liability only (which covers the other party's property damage and injuries if you cause an accident) and full coverage (which usually refers to having comprehensive and collision coverages in addition to liability coverage).

In this case, First American Property & Casualty offers the cheapest average prices for state minimum liability insurance, while Cig has the edge for full coverage policies with similar coverage limits. Drivers looking for basic state minimum coverage can save around $1 with First American Property & Casualty, while full coverage comes out to be around $95 more affordable with CIG Insurance.

Is Cig or First American Property & Casualty Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from car insurance companies offering great premiums for good drivers, but that doesn't mean people with less-than-perfect driving records can't save money, too.

Collisions and tickets will most likely raise your rates, but is Cig or First American Property & Casualty less expensive for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Cig policyholders can expect their premiums to go up an average of $24 per month if they get a ticket, while First American Property & Casualty typically raises rates about $26 a month, on average.

But Cig has more affordable prices for drivers in both categories, offering rates that are $31 and $33 less expensive, respectively, compared to First American Property & Casualty.

Which Company is Best for Drivers After an Accident?

Cig policyholders who get in a collision can expect to see their prices increase by over 25%, while those who have insurance through First American Property & Casualty will see around a 20% increase.

Overall, drivers who use Cig end up with the cheaper prices after an accident, with monthly premiums averaging $118 compared to First American Property & Casualty's $145.

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 auto insurance bill. For example, First American Property & Casualty increases average rates by just under $150 per month -- that's just under a 55% increase.

If you have a DUI on your record and are looking for more affordable prices, Cig tends to be the much cheaper option with average premiums of $157 a month compared to $256 from First American Property & Casualty.

How does Credit Score Impact Cig and First American Property & Casualty Rates?

You may not realized it, but your credit score can be used as one of the variables to determine your monthly car insurance prices. Certain states and carriers do not allow for credit score to be used as a rating factor, but it will come into play for many drivers.

The reasoning insurance companies use is that policyholders with bad credit will be less likely to pay their bills on time; so normally, they'll be asked to pay more, while those with good credit will be rewarded with less expensive premiums.

Looking specifically at Cig and First American Property & Casualty, which company has the most affordable rates for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

Usually, if you have great credit, you can expect to be rewarded. Jumping from a "good" credit score to an "excellent" one will generally save CIG Insurance customers about 15%. undefined, on the other hand, doesn't have data available for credit scores, which means they most likely don't use credit to calculate your premiums.

Which Company is Best for Drivers with Bad Credit?

Having bad credit can cost you with CIG Insurance. For drivers with less-than-stellar credit, at CIG Insurance, you may pay around $55 a month more if you have "poor" credit compared to those with "fair" scores. It's an even larger difference when compared to drivers with "good" or "excellent" scores. On the other hand, undefined doesn't have data available for credit scores, which means drivers with bad credit could find better rates with undefined over CIG Insurance.

Is Cig or First American Property & Casualty 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 how much auto insurance carriers will charge for coverage? Normally, the more miles you put on your vehicle, 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, Cig tends to be the more affordable option. First American Property & Casualty's average prices for drivers with 6,000 annual miles come in nearly 20% more expensive than Cig. Those who drive 12,000 miles annually can expect to pay just under 35% more with First American Property & Casualty over Cig.

Cig vs. First American Property & Casualty: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can play a large role in how much you pay for car insurance. Typically, those who live in rural areas will pay less than policyholders in urban areas because of the small number of cars that are on the roads in those areas.

When comparing these two companies side-by-side, Cig usually comes out as the lowest option for drivers in every type of area, no matter if it's urban, suburban, or rural.

For drivers in urban ZIP codes, Cig offers rates about $128 monthly compared to First American Property & Casualty's $172. People who live in suburban ZIP codes can expect to pay around $123 per month for Cig and $188 for First American Property & Casualty. Lastly, those in rural areas tend to get the cheapest prices from both carriers, with average monthly rates coming in at $106 and $140 for Cig and First American Property & Casualty respectively.

Cig vs. First American Property & Casualty Discounts

Regardless of why you might be in the market for a new 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 car insurance discounts as you can.

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

In the table below, we've compared all of the different discounts offered by Cig and First American Property & Casualty so that you can see which carrier offers the most discounts and see which ones you might be able to take advantage of.

Cig knocks First American Property & Casualty out of the park when it comes to the sheer number of discounts available, offering 15 more discounts than First American Property & Casualty.

A couple of those are overlapping for things like distant student discounts, discounts for being a good student, group discounts, and multi-policy discounts. Cig also offers ABS discounts, advance quote discounts, company car discounts, and more that First American Property & Casualty does not.

First American Property & Casualty's discounts come through just a few categories, including Anti-Theft, Distant Student, Good Driving, and more.

Final Thoughts: Is Cig or First American Property & Casualty Best for You?

So, you've seen how different factors can affect your auto insurance premiums. We've broken down the different discounts each company offers, too. But, when it comes down to it, is Cig or First American Property & Casualty the best one for you and your specific driver profile?

Cig might be best for you if....

• Your driving record contains an at-fault accident.
• Your credit score is high.
• You're buying insurance for a teen and looking for a wallet-friendly option.

First American Property & Casualty might be best for you if...

• You want basic auto insurance coverage at the state minimum limits.

We hope this guide has ben a valuable resource as you compare Cig and First American Property & Casualty and that it aids in making a more informed decision about your insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your car insurance policy is to compare quotes from multiple companies, not just Cig and First American Property & Casualty. 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 insurance carriers in your area, all for free.

Cig vs. First American Property & Casualty FAQs

Is Cig or First American Property & Casualty cheaper?

Looking just at the national average prices, Cig is the cheaper of the two companies, offering average rates of $119 a month compared to $167 for First American Property & Casualty. That being said, Cig won't necessarily be the lowest carrier for each policyholder, since there are many different variables (things like gender, age, driving record, etc.) that play a role in how much you pay.

Who is better, Cig or First American Property & Casualty?

Sadly, the only answer we can give you is "it depends.". No single company is "better" for every driver -- it all comes down to what your unique auto insurance profile looks like.

Why do Cig and First American Property & Casualty offer me different rates?

Car insurance carriers take a look at quite a few different factors when calculating the premiums they charge policyholders. Things like where you call home, where your home is, age, gender, and sometimes even things like your credit score can all be taken into consideration. Both Cig and First American Property & Casualty use different formulas, so each one will most likely offer different rates. The only real way to see which carrier is the cheapest for you is by comparing personalized quotes from a range of different companies.

How do I know if Cig or First American Property & Casualty is right for me?

The only way to find the insurance company that's right for you is by getting quotes from several carriers and finding the one best suited for your individual budget. Luckily, Compare.com makes it easy for you to do just that. Just enter your area information and you'll get free quotes from dozens of the best auto insurance companies in your area. With those, you can guarantee you're getting the best price. And who knows, the best carrier for you might not be Cig or First American Property & Casualty 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.