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

Quick Facts

• Based on national averages for auto insurance, Cincinatti Financial offers significantly less expensive rates than Frankenmuth
• Cincinatti Financial has more affordable premiums for drivers who have below-average credit
• Frankenmuth may help you save more money -- they offer more discounts than Cincinatti Financial

Cincinatti Financial or Frankenmuth: Which Company has the Cheapest Car Insurance?

So, you're considering switching to a new insurance policy. With so many ads from all sorts of companies offering hefty savings, you're probably wondering exactly how much you might be able to save.

You've maybe even narrowed your search down to Cincinatti Financial or Frankenmuth, but which one will save you the most?

Looking at the national average rates for both carriers, Cincinatti Financial has average rates that are around 35% a month cheaper than those from Frankenmuth.

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

So, if you want to find out which of Cincinatti Financial or Frankenmuth is really the best for you, keep reading to see average rates for each company broken down by a range of different rate factors.

Cincinatti Financial vs. Frankenmuth: Average Car Insurance Rates by State

Cincinatti Financial and Frankenmuth only compete against each other in one states, with Frankenmuth offering more affordable premiums to the average driver in all of them. Ohio has the most noticable difference, where Frankenmuth rates are $18 cheaper than auto insurance premiums at Cincinatti Financial.

But there's more to car insurance than just the state you live in. As we mentioned above, there's a lot of things that go into how insurance carriers determine your prices. Keep reading to find out more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive auto insurance rates of any group on the road. It's because teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

That being said, that doesn't mean that teen drivers have to just accept sky-high car insurance prices. As you can see above, teens who use Cincinatti Financial save almost 30% per month compared to those who use Frankenmuth.

Even so, both companies will decrease premiums 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, Cincinatti Financial still has the most affordable prices at $193 monthly.

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 lowest premiums you'll ever find.

But who has the best rates for retired drivers between Cincinatti Financial and Frankenmuth? Cincinatti Financial gets the edge, with prices for drivers 65 and older nearly 45% less expensive than the national average for Frankenmuth.

Which is the Best Company for Married Drivers?

You may not be aware, but auto insurance premiums tend to be more expensive for single policyholders than they are for married policyholders. This usually boils down to married couples having multiple vehicles on their policy -- something many car insurance carriers will reward with discounts.

For those who are single, the difference in average rates between these two companies is significant, with Cincinatti Financial prices coming in at a third less than Frankenmuth's. The advantage is also clear for married drivers - Cincinatti Financial offers the most affordable average premiums.

Cincinatti Financial or Frankenmuth: Average Rates by Gender

Because women are less likely to get tickets and get into collisions, they run a lower risk of filing a claim with insurance. So, insurance carriers will tend to charge women less than men.

On average, men see rates about 6% a month higher with Cincinatti Financial, and around 2% with Frankenmuth.

When it comes to the cheapest prices for each gender, Cincinatti Financial comes out as the lowest option for both genders, with average premiums 36% less for men and 39% cheaper for women.

Cincinatti Financial vs. 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.

It's no secret that insurance can be a complicated subject for most people. There are a bunch of different coverages that account for several different things. Some protect you and your car, while others only provide coverage for other people's property and health if you cause a collision.

However, the most common policies that drivers look at fall into two categories -- liability coverage (which covers the other party's property damage and injuries if you cause an accident) and full coverage (which includes collision and comprehensive coverages that protect your own car, in addition to liability).

Looking specifically at state minimum limits for liability insurance, Cincinatti Financial has the significant edge, with average monthly rates coming in at $106. If you want a full coverage policy with the same state minimum limits, Cincinatti Financial again has the edge, with policies averaging about $293 per month to Frankenmuth's $422.

Is Cincinatti Financial or Frankenmuth Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their auto insurance. But that's not to say you can't save money if you don't have the best driving record, either.

You'll probably end up paying more with speeding tickets and at-fault collisions on your record, but which of these two companies offers the most affordable prices to drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Cincinatti Financial for their car insurance can normally expect their monthly bill to go up around 15% after getting a speeding ticket. Frankenmuth policyholders can expect a bit more drastic of an increase of about 30%.

But Cincinatti Financial is typically the more affordable option for both drivers who have a recent ticket and those with clean records, offering rates that are 29% and 42% cheaper, respectively, compared to Frankenmuth Insurance.

Which Company is Best for Drivers After an Accident?

Cincinatti Financial drivers who get in a collision can expect to see their premiums increase by over $90, while those who have insurance through Frankenmuth will see around a $40 increase.

At the end of the day, the less expensive rates come from Cincinatti Financial, with average prices coming in at $214 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 speeding ticket or even an accident. On average, Frankenmuth will climb your premiums about 73% after a DUI, while Cincinatti Financial's average prices climb by more than 60%.

But if you end up with a DUI charge and are looking for more affordable rates, Cincinatti Financial tends to be cheaper for the average driver, with monthly premiums coming in at around $320 to Frankenmuth's $637.

How does Credit Score Impact Cincinatti Financial and Frankenmuth Rates?

Did you know many insurance carriers take your credit score into account when determining premiums? This isn't true for everyone (Massachusetts, for example, has banned the use of credit score as an insurance factor) but it might come into play for a lot of policyholders.

The reasoning car insurance companies use is that drivers with bad credit will be less likely to pay their bills on time; so usually, they'll be asked to pay more, while those with good credit will be rewarded with more affordable prices.

Looking specifically at Cincinatti Financial and Frankenmuth, which company has the cheapest rates for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have great credit, Cincinatti Financial will generally reward you the most. For drivers with "excellent" credit scores, Cincinatti Financial comes in nearly 27.94 cheaper. Drivers with "good" credit scores normally save about 30% with Cincinatti Financial compared to average premiums from Frankenmuth.

Which Company is Best for Drivers with Bad Credit?

Cincinatti Financial typically offers lower prices than Frankenmuth when it comes to drivers with a below average credit score. Drivers with "fair" credit pay around 30% a month less with Cincinatti Financial compared to Frankenmuth, and those with "poor" scores generally save an average of about 48% per month.

Is Cincinatti Financial or Frankenmuth 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 your monthly auto insurance cost? Usually, those who drive fewer miles will end up with less expensive rates since there's less of a chance of causing a collision and filing an insurance claim.

In this case, neither Cincinatti Financial or Frankenmuth report increasing premiums for drivers with higher annual mileage figures. That being said, Cincinatti Financial comes out as the lowest for drivers at both intervals, whether they put 6,000 or 12,000 miles on their vehicle yearly, with average rates of $200 per month for both.

Cincinatti Financial or Frankenmuth: Compare Rates for Urban, Suburban, and Rural Drivers

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

Cincinatti Financial tends to offer the cheapest rates for drivers in all areas, regardless of if they're urban, suburban, or rural.

Those in rural areas can expect to pay around $182 a month with Cincinatti Financial compared to Frankenmuth's $266. People in suburban areas pay a monthly price of about $197 with Cincinatti Financial compared to $288 with Frankenmuth. For drivers in urban ZIP codes, Cincinatti Financial's average prices are around $220 a month compared to Frankenmuth's $399.

Cincinatti Financial vs. Frankenmuth Discounts

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

But where do you even start? With so many discounts out there, it may seem challenging to find all the of the ones you can take advantage of.

Luckily, we did the hard work for you and looked at all of the different discounts Cincinatti Financial and Frankenmuth offer their customers so that you can easily see which company offers the most discounts and, therefore, the largest savings.

Looking at the total number of discounts, Frankenmuth has a slight advantage when it comes to total number of discounts. Cincinatti Financial offers a grand total of 10 discounts, while Frankenmuth has 11.

A couple of those are overlapping for things like advance quote discounts, group discounts, and paid in full discounts. Frankenmuth also offers discounts for distant student, family discount, good driving, and more.

On the other hand, Cincinatti Financial has a few proprietary discounts of their own for things like anti-theft discounts, COVID-19 relief discount, good student discounts, and more.

Final Thoughts: Is Cincinatti Financial or Frankenmuth Best for You?

So, we've broken down the average premiums for many of the variables insurance carriers look at, and walked through the different discounts each company offers, too. That's all well and good, but at the end of the day, which insurance carrier is the right fit for you?

Cincinatti Financial might be best for you if....

• You will be the only person on the car insurance policy.
• Your credit score is high.
• You drive fewer than 6,000 miles annually.

Frankenmuth might be best for you if...

• You're looking for the company with the most discounts.

Hopefully, this guide has ben a valuable resource as you compare Cincinatti Financial 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.

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 a handful of companies, not just Cincinatti Financial and Frankenmuth. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code below and get multiple free quotes from some of the best car insurance carriers in your area, all in just a few minutes.

Cincinatti Financial vs. Frankenmuth FAQs

Is Cincinatti Financial or Frankenmuth cheaper?

Cincinatti Financial is the more affordable of the two companies when looking at national average prices, with policies averaging $200 per month with Cincinatti Financial and $318 for Frankenmuth. However, that doesn't mean Cincinatti Financial will be the lowest carrier for every policyholder, since there are lots of different factors that are considered when it comes to your auto insurance payment.

Who is better, Cincinatti Financial or Frankenmuth?

Unfortunately, the real answer is "it depends.". Neither company is "better" for everyone -- it all depends on the makeup of your unique insurance profile.

Why do Cincinatti Financial and Frankenmuth offer me different rates?

Car insurance carriers use several different variables when calculating the premiums they charge. Things like where you park your car, where your home is, age, gender, and sometimes even things like your credit score can all be used. Both Cincinatti Financial and Frankenmuth calculate rates using different factors, so it's likely they'll offer different prices. The best way to determine which carrier is the cheapest for you is by comparing personalized quotes from multiple different companies.

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

The only way to find the auto insurance company that's right for you is by getting quotes from multiple carriers 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 area information and you'll get quotes from dozens of your local top car insurance companies for free. That way, you can guarantee you're getting the lowest rate. And maybe you'll find that the best carrier for you isn't Cincinatti Financial or Frankenmuth at all, but another you hadn't even thought of!

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.