Cig vs. Frankenmuth: Which Company is the Best Fit for You?

Quick Facts

• Based on national averages for auto insurance, Cig offers significantly less expensive premiums than Frankenmuth
• Cig tends to be a much more affordable option for drivers who have an at-fault accident on their record
• Cig has cheaper rates for residents of suburban areas

Cig vs. Frankenmuth: Which Company has the Cheapest Car Insurance?

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

You might have narrowed it down to Cig or Frankenmuth as potential options, but which one will offer you less expensive premiums?

Looking at nationwide averages, Frankenmuth is quite a bit more expensive than Cig, with prices averaging $318 per month compared to just $119 with Cig.

But that doesn't mean Cig will necessarily be cheaper than Frankenmuth for each driver. After all, insurance companies can offer drastically different rates to each driver depending on rating factors like where you call home, your credit score, your age, or even your driving record (among other things). So, at the end of the day, rates from every carrier will differ quite a bit from person to person.

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

Cig or Frankenmuth: Average Car Insurance Rates by State

Cig and Frankenmuth only compete against each other in one states, with Cig offering more affordable rates to the average driver in all of them. Ohio has the most noticable difference, where Cig premiums are cheaper than car insurance prices at Frankenmuth.

That being said, there are plenty of other factors that go into your auto insurance cost 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 generally pay a lot more for insurance than any other group of drivers. It's because young, inexperienced drivers are statistically much more likely to get into accidents since they have less experience on the roads.

Even so, that doesn't mean that teen drivers have to just accept sky-high car insurance premiums. Just look at the table above -- where 18-year-old drivers who have Cig for their auto insurance pay nearly $450 less than those who use Frankenmuth.

That being said, both carriers will offer you dramatically lower rates by the time drivers turn 25. Frankenmuth offers the steepest reduction, with 25-year-olds paying less than half what 18-year-old drivers are charged. That being said, Cig still has the most affordable prices at $119 a month.

Which is the Best Company for Retired Drivers?

Drivers around retirement age typically enjoy some of the cheapest insurance rates you'll ever find. After all, they've likely been driving for quite some time, which usually reduces their chances of accidents and other infractions that can increase premiums.

So, which carrier offers the best rates to retired drivers? Cig gets the edge, with premiums for drivers 65 and older about 60% less expensive than the national average for Frankenmuth.

Which is the Best Company for Married Drivers?

Married policyholders tend to get slightly more affordable auto insurance prices than those who are single. That's because policies for married couples normally cover more than one car, which several companies will offer you a discount for.

When it comes to relationship status, Cig is the clear winner for single policyholders, with rates around $225 a month less expensive than Frankenmuth, on average. The advantage for married drivers with Cig is also obvious, where drivers save more than $150 per month.

Cig vs. Frankenmuth: Average Rates by Gender

Men tend to pay more for insurance than women. This is because men are more likely to get into accidents and get speeding tickets, which raises the chances of an insurance claim.

Men generally pay about 3% more a month than women with Cig, while with Frankenmuth, the difference is closer to 2% per month.

Looking at overall affordability, Cig comes out as the lowest option for both genders, with average premiums $200 less for men and $198 cheaper for women.

Cig or Frankenmuth: 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. There are so many different limits and terms that it can make it pretty confusing to find the right policy.

The two 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 normally refers to having comprehensive and collision coverages in addition to what you get with liability coverage).

If you're looking for state minimum limits for liability insurance, Cig usually offers significantly more affordable prices of $71 compared to Frankenmuth's $214. When it comes to full coverage policies with similar limits, Cig again has the edge, with policies around $250 a month cheaper than Frankenmuth, on average.

Is Cig or Frankenmuth Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their 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 at-fault collisions and tickets lead to higher rates, but which company -- Cig or Frankenmuth -- has the cheapest premiums for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Cig policyholders can expect their prices to go up an average of $24 per month if they get a ticket, while Frankenmuth typically raises premiums about $74 a month, on average.

However, Cig is generally the more affordable option for drivers both with clean records and with a speeding ticket, offering prices that are 49% and 55% less expensive, respectively, compared to Frankenmuth Insurance.

Which Company is Best for Drivers After an Accident?

Cig drivers who get in a collision can expect to see their rates climb by $30, while those who have insurance through Frankenmuth will see around a $40 increase.

Overall, the cheaper prices come from Cig, with monthly premiums averaging $118 compared to Frankenmuth Insurance's $214.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge on your record, it's probably going to cost you more than a simple ticket or even an accident. On average, Frankenmuth will increase your rates about 73% after a DUI, while Cig's average prices increase by just under 45%.

If you have a DUI on your record and are looking for more affordable rates, Cig tends to be the much less expensive option with average premiums of $157 monthly compared to $637 from Frankenmuth.

How does Credit Score Impact Cig and Frankenmuth Rates?

In many cases, your credit score can be used as one of the variables to calculate your monthly auto insurance rates. This isn't always the case (California, for example, has banned the use of credit score as a rating factor) but it will come into play for a lot of 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 prices, while those with poor credit will normally be forced to pay more.

So, which carrier offers the best premiums for policyholders with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

If you have a great credit score, you'll usually find a better deal with Cig. Drivers with "excellent" credit can save over 60% compared to Frankenmuth, and those with "good" scores can also expect to see savings -- around $153 or 62% cheaper each month.

Which Company is Best for Drivers with Bad Credit?

Cig typically offers lower prices than Frankenmuth when it comes to drivers with less-than-stellar credit. Drivers with "fair" credit pay about $164 per month less with Cig compared to Frankenmuth, and those with "poor" scores usually save an average of around $365 per month.

Is Cig or Frankenmuth Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a substantial impact on your monthly premiums. Typically, the more miles 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 Frankenmuth charges. However, there's a small difference in monthly rates for Cig, with drivers who put 6,000 miles on their vehicle yearly paying about $12 less every month compared to those who drive 12,000 miles annually. Still, Cig is the more affordable option for drivers in both categories.

Cig vs. Frankenmuth: Compare Rates for Urban, Suburban, and Rural Drivers

Where you park your car can have a considerable impact on your monthly insurance payment. Normally, if you live in a rural area with fewer cars on the road, you'll pay a little less for car insurance, while the opposite is true for people in urban areas.

Cig tends to offer the most affordable premiums for drivers in all areas, regardless of if they're urban, suburban, or rural.

Policyholders in rural ZIP codes see the lowest prices from both companies, but Cig comes out on top with average rates around $106 monthly. Cig also has less expensive average prices for drivers in urban and suburban ZIP codes -- a $271 and $165 a month respective difference when compared to Frankenmuth policyholders in similar areas.

Cig vs. Frankenmuth Discounts

You want to save as much money as possible, right? The best way to do that is by utilizing as many auto insurance discounts as you can.

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

Below, we've taken a look at all of the different discounts Cig and Frankenmuth offer their customers so that you can easily see which company offers the most discounts and see which ones you might be able to take advantage of.

Cig knocks Frankenmuth out of the park when it comes to the sheer number of discounts available, offering 14 more discounts than Frankenmuth.

There are a couple discounts both carriers offer, but Cig also offers ABS discounts, anti-theft discounts, company car discounts, and more that Frankenmuth does not.

On the flip side, Frankenmuth has a unique discount of its own -- a family discounts.

Final Thoughts: Is Cig or Frankenmuth Best for You?

So, we've broken down the average rates for many of the factors car insurance companies look at, and walked through the different discounts each carrier offers, too. That's all well and good, but at the end of the day, which insurance company is the best carrier for you and your specific driver profile?

Cig might be best for you if....

• You're single and purchasing insurance by yourself.
• Your home is located in the suburbs.
• You've started working from home and don't have much of a commute.

Frankenmuth might be best for you if...

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

We hope this guide has ben a valuable resource as you compare Cig and Frankenmuth. We also hope we've given you the information you need to make the best decision when it comes to your auto 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 a handful of carriers, not just Cig and Frankenmuth. Luckily, Compare.com makes it easy for you to do just that. Simply enter your ZIP codes below and get multiple free quotes from some of the best auto insurance companies in your area, all in just a few minutes.

Cig vs. Frankenmuth FAQs

Is Cig or Frankenmuth cheaper?

Looking just at the national average premiums, Cig is the more affordable of the two carriers, offering average rates of $119 per month compared to $318 for Frankenmuth. Even so, Cig won't necessarily be the most affordable carrier for each policyholder, since there are multiple different variables that come into play when it comes to your car insurance bill.

Who is better, Cig or Frankenmuth?

Unfortunately, the only answer we can give you is "it depends.". Neither company is "better" for everyone -- it all comes down to what your unique auto insurance profile looks like.

Why do Cig and Frankenmuth offer me different rates?

Insurance companies take a look at quite a few different factors when calculating the prices they charge drivers. Variables like gender, your driving record, where you live, age, and sometimes even things like your credit score can all be used. Both Cig and Frankenmuth calculate premiums using different formulas, so each one will most likely offer different rates. The only real way to see which carrier is the lowest for you is by comparing personalized quotes from lots of different carriers.

How do I know if Cig or Frankenmuth is right for me?

The only way to find the car insurance company that's right for you is by getting quotes from multiple 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 insurance carriers in your area. That way, you can guarantee you're getting the best price. And who knows, the best carrier for you might not be Cig or Frankenmuth 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.