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

Quick Facts

• In general, Cig offers significantly more affordable prices than Hastings Mutual
• Cig has cheaper premiums for policyholders who don't have any speeding tickets, DUIs, or at-fault accidents on their record
• Cig offers more affordable rates for couples purchasing insurance together

Cig vs. Hastings Mutual: 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 might have narrowed your search down to Cig or Hastings Mutual as your top options, but between the two, which company has less expensive prices for auto insurance?

Looking at nationwide averages, Hastings Mutual has average rates that are about 45% per month more expensive than those from Cig.

Even so, Cig may not be the cheapest or best option for each driver out there. Car insurance companies vary their premiums depending on things like how good your credit score is, where you live, how clean your driving record is, how old you are, and a variety of other factors, so rates could change drastically from person to person.

So, if you want to find out which of Cig or Hastings Mutual is really the best for you, keep reading to see average prices for each carrier broken down by multiple different rate factors.

Cig or Hastings Mutual: Average Car Insurance Rates by State

Cig and Hastings Mutual only compete against each other in one states, with Hastings Mutual offering cheaper premiums to the average driver in all of them. Ohio has the most noticable difference, where Hastings Mutual rates are over 30% more affordable than auto insurance prices at Cig.

But there's more to calculating insurance premiums than just the state you live in. Read on to learn more.

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. The reason is that 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.

But still, even with seemingly sky-high prices, teen drivers can still find ways to save money. Just look at the table above -- where 18-year-old drivers who have Cig for their car insurance pay nearly $150 less than those who use Hastings Mutual.

That being said, both carriers will offer you dramatically lower rates by the time you turn 25. For example, average premiums for Cig policyholders drop more than 50% and Hastings Mutual's prices reduce over 45% over that time.

Which is the Best Company for Retired Drivers?

When it comes to insurance, patience and experience pay off, with drivers around retirement age paying some of the most affordable premiums you'll ever find.

So, which company offers the best prices to retired drivers? Cig gets the edge, with rates for drivers 65 and older $81 less expensive than the national average for Hastings Mutual.

Which is the Best Company for Married Drivers?

You may not be aware, but auto insurance premiums tend to be more affordable for married couples than they are for single drivers. That's usually because married policyholders tend to own and insure multiple cars, which can often earn you a discount.

When it comes to relationship status, Cig is the clear winner for those who are single, with rates around $92 a month less expensive than Hastings Mutual, on average. For married drivers, the advantage is clear again - Cig has the edge when it comes to average prices.

Cig vs. Hastings Mutual: Average Rates by Gender

Did you know men typically pay more for car insurance than women? This is because men are statistically more likely than women to get pulled over for speeding or get into an accident, which leads to increased risk for insurers and, therefore, higher rates.

Usually, men see premiums about 3% per month higher with Cig, while with Hastings Mutual, the difference is closer to 2% a month.

Looking at the data for each carrier specifically, Cig offers the lowest average prices for both men and women, with average rates 43% less for men and 44% cheaper for women.

Cig or Hastings Mutual: 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 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 (which covers the other party's property damage and injuries if you cause a collision) and full coverage (which includes comprehensive and collision coverages that protect your own vehicle, in addition to what you get with liability coverage).

If you're looking for state minimum liability insurance, Cig normally offers significantly cheaper prices of $71 compared to Hastings Mutual's $142. When it comes to full coverage policies with similar limits, Cig again has the edge, with policies around $100 per month more affordable than Hastings Mutual, on average.

Is Cig or Hastings Mutual Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from auto 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.

It's no secret secret that collisions and tickets lead to higher rates, but which company -- Cig or Hastings Mutual -- has the cheapest premiums for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Cig policyholders can expect their prices to go up an average of $24 a month if they get a ticket, while Hastings Mutual generally raises premiums about $20 per month, on average.

But Cig tends to offer the best prices for drivers both with clean records and with a speeding ticket, offering rates that are $21 and $17 cheaper, respectively, compared to Hastings Mutual Insurance Company.

Which Company is Best for Drivers After an Accident?

Cig drivers who get in an accident can expect to see their prices rise by over 25%, while those who have insurance through Hastings Mutual will see around a 15% increase.

Overall, drivers who use Cig end up with the cheaper prices after an accident, with monthly premiums averaging $118 compared to Hastings Mutual Insurance Company's $126.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge, you can expect some pretty significant increases in your monthly car insurance bill -- usually a lot more than a collision or ticket. Hastings Mutual drivers usually see a 77% increase in their insurance rates after a DUI charge, while Cig will typically raise prices by about 44%.

If you have a DUI on your record and are looking for more affordable premiums, Cig tends to be the much less expensive option with average rates of $157 a month compared to $478 from Hastings Mutual.

How does Credit Score Impact Cig and Hastings Mutual Rates?

Did you know that many auto insurance carriers take into account your credit score when calculating prices? Certain states and companies do not allow for credit score to be used as a rating factor, but it does affect many policyholders out there.

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

So, which carrier offers the lowest premiums for drivers with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

If you have great credit, you'll usually find a better deal with Cig. Policyholders with "excellent" credit can save just under 55% compared to Hastings Mutual, and those with "good" scores can also expect to see savings -- around $99 or 51% cheaper every month.

Which Company is Best for Drivers with Bad Credit?

Cig typically offers lower rates than Hastings Mutual when it comes to drivers with less-than-perfect credit. Drivers with "fair" credit pay about $89 a month less with Cig compared to Hastings Mutual, and those with "poor" scores normally save an average of around $103 per month.

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

The amount of time you spend behind the wheel of your car plays a big role in how much insurance companies will charge for coverage. Generally, those who drive fewer miles will end up with more affordable prices since there's less of a chance of getting into an accident and causing an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Hastings Mutual charges. However, there's a small difference in monthly rates for Cig, with policyholders who drive 6,000 miles each year paying about $12 less every month compared to those who drive 12,000 miles annually. Still, Cig is the less expensive option for drivers in both categories.

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

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

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

Policyholders in rural ZIP codes see the cheapest prices from both companies, but Cig comes out on top with average premiums around $106 monthly. Cig also has cheaper average prices for drivers in urban and suburban ZIP codes -- a $163 and $54 per month respective difference when compared to Hastings Mutual policyholders in similar areas.

Cig vs. Hastings Mutual 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, and the best way to do that is by taking advantage of as many insurance discounts as you can.

The difficult 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.

In the table below, we've taken a look at all of the different discounts Cig and Hastings Mutual offer their customers so that you can see which carrier can save you the most money each month.

Cig knocks Hastings Mutual out of the park when it comes to the sheer number of discounts available, offering 15 more discounts than Hastings Mutual.

Both carriers offer quite a few of the same discounts -- like ABS discounts, company car discounts, discounts for being a good driver, and passive restraint discounts -- but Cig also offers advance quote discounts, distant student discounts, employee discounts, and more that Hastings Mutual does not.

On the flip side, Hastings Mutual has a unique discount of its own -- a workloss exclusion discounts.

Final Thoughts: Is Cig or Hastings Mutual Best for You?

So, we've broken down the average rates for many of the factors auto insurance companies look at, and we've shown you all the discounts each company offers. That's all well and good, but when it comes down to it, is Cig or Hastings Mutual the right one for you and your specific driver profile?

Cig might be best for you if....

• You don't have any speeding tickets, DUIs, or at-fault accidents on your record.
• You want to save extra money with discounts.
• You are purchasing your insurance with a spouse.

Hastings Mutual might be best for you if...

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

We hope this guide helps you get a better idea of the difference between Cig and Hastings Mutual. We also hope we've given you the information you need to make the best decision about your car insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your auto insurance policy is to compare quotes from multiple carriers, not just Cig and Hastings Mutual. Luckily, sites like Compare.com do all the hard work for you. Simply enter your ZIP code below and get free quotes from dozens of the top car insurance companies in your area, all in just a few minutes.

Cig vs. Hastings Mutual FAQs

Is Cig or Hastings Mutual cheaper?

Looking just at the national average premiums, Cig is the less expensive of the two carriers, offering average rates of $119 a month compared to $211 for Hastings Mutual. However, Cig won't necessarily be the most affordable carrier for each driver, since there are a bunch of different variables that come into play when it comes to your insurance bill.

Who is better, Cig or Hastings Mutual?

Sadly, the only answer we can give you is "it depends.". No one company is necessarily "better" for everyone -- it all comes down to what your unique car insurance profile looks like.

Why do Cig and Hastings Mutual offer me different rates?

Auto insurance companies take a look at lots of different factors when determining the rates they charge drivers. Variables such as age, your driving record, where your home is, gender, and sometimes even things like your credit score can all be taken into consideration. Both Cig and Hastings Mutual calculate prices differently, 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 many different carriers.

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

The only way to find the insurance company that's right for you is by getting quotes from several companies 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 ZIP code and you'll get free quotes from dozens of the best car insurance carriers in your area. With those, you can guarantee you're getting the cheapest premium. And who knows, the best carrier for you might not be Cig or Hastings Mutual 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.