Cincinatti Financial vs. Main Street America: Which Company is the Best Fit for You?

Quick Facts

• Looking at the national averages for auto insurance, Cincinatti Financial offers cheaper rates than Main Street America
• Cincinatti Financial offers more affordable prices for policyholders who have a clean driving record, free of collisions, tickets, or DUIs
• Main Street America may help you save more money -- they offer more discounts than Cincinatti Financial

Cincinatti Financial or Main Street America: Which Company has the Cheapest Car Insurance?

So, you're considering switching to a new insurance policy. You've probably seen commercials and billboards from companies offering big savings, but exactly how much money can you save by switching?

You might be considering Cincinatti Financial or Main Street America as your top options, but which company will save you the most?

As you can see, Main Street America is around $27 more a month than Cincinatti Financial when looking at the national average rates for insurance.

But that doesn't mean Cincinatti Financial will necessarily be less expensive than Main Street America for every single driver. After all, car insurance carriers can offer drastically different rates to every driver depending on rating factors like where you call home, your driving record, your credit score, or even your age (among other things), so rates could vary drastically from person to person.

Wanting to know if Cincinatti Financial or Main Street America is really the right company for you? Keep on reading to see how average premiums can change based on all of the factors we've mentioned above.

Cincinatti Financial vs. Main Street America: Average Car Insurance Rates by State

Cincinatti Financial and Main Street America only compete against each other in one states, with Main Street America offering more affordable prices to the average driver in all of them. Virginia has the most noticable difference, where Main Street America rates are $79 cheaper than insurance premiums at Cincinatti Financial.

There's a lot more that goes into your auto insurance bill than just where you live. Keep reading to learn more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive car insurance prices of any other group of drivers. That's because teen 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. Just look at the table above -- where 18-year-old drivers who have Main Street America for their insurance pay almost 4% less than those who use Cincinatti Financial.

Even so, both companies will offer you dramatically lower rates once you turn 25. For example, average prices for Cincinatti Financial policyholders reduce about $300 and Main Street America's rates drop over $250 over that time.

Which is the Best Company for Retired Drivers?

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

But who has the best rates for retired drivers between Cincinatti Financial and Main Street America? Cincinatti Financial gets the edge, with prices for drivers 65 and older $59 less expensive than the national average for Main Street America.

Which is the Best Company for Married Drivers?

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

For those who are single, the difference in average rates between these two companies is not very significant, with Cincinatti Financial prices coming in at around 10% less than Main Street America's. But for married couples, the advantage is clear - Cincinatti Financial offers the most affordable average premiums.

Cincinatti Financial or Main Street America: Average Rates by Gender

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

Usually, women see premiums about 6% per month less with Cincinatti Financial, but surprisingly, with Main Street America, women generally pay around 3% more a month than men.

When it comes to the lowest prices for each gender, Cincinatti Financial comes out on top for both men and women. On average, women save about $37 per month and men save about $18 with Cincinatti Financial compared to the average Main Street America policyholder.

Cincinatti Financial vs. Main Street America: 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 car insurance can be pretty complicated. There are a variety of different coverages that account for many different things. Some protect you and your car, while others only provide coverage for other people's property and health if you cause an accident.

The two 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 a collision) and full coverage (which includes collision and comprehensive coverages that protect your own car, in addition to liability).

Looking specifically at state minimum liability limits, 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 around $293 a month to Main Street America's $295.

Is Cincinatti Financial or Main Street America Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from auto insurance carriers 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 speeding tickets and at-fault collisions lead to higher prices, but which carrier -- Cincinatti Financial or Main Street America -- has the cheapest rates for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Cincinatti Financial for their insurance can usually expect their monthly bill to go up about 15% after getting a speeding ticket. Main Street America policyholders can expect a bit more drastic of an increase of around 26%.

However, Cincinatti Financial is generally the cheaper option for drivers both with clean records and with a ticket, offering prices that are $53 and $93 more affordable, respectively, compared to Main Street America Insurance.

Which Company is Best for Drivers After an Accident?

Cincinatti Financial drivers who get in an accident can expect to see their premiums increase by just under 45%, while those who have insurance through Main Street America will see about a 20% increase.

At the end of the day, the less expensive prices come from Cincinatti Financial, with average rates coming in at $214 compared to Main Street America Insurance's $215.

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 -- normally a lot more than a collision or speeding ticket. Cincinatti Financial drivers usually see a 62% increase in their insurance premiums after a DUI charge, while Main Street America will typically raise prices by around 38%.

But if you end up with a DUI charge and are looking for more affordable premiums, Main Street America tends to be cheaper for the average driver, with monthly premiums coming in at about $283 to Cincinatti Financial's $320.

How does Credit Score Impact Cincinatti Financial and Main Street America Rates?

Did you know many auto insurance companies take into account your credit score when determining rates? Certain states and carriers do not allow for credit score to be used as a car insurance factor, but it might come into play for lots of policyholders.

Insurance companies argue that someone with good credit is more likely to pay their bills on time, which makes them less risky to insure. Because of that, drivers with good credit will often be rewarded with more affordable premiums.

Looking specifically at Cincinatti Financial and Main Street America, which carrier has the lowest rates for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have great credit, Main Street America will normally reward you the most. For drivers with "excellent" credit scores, Main Street America comes in more than 25.85 less expensive. Drivers with "good" credit scores typically save around 20% with Main Street America compared to average prices from Cincinatti Financial.

Which Company is Best for Drivers with Bad Credit?

If you have a below average credit score, it can be somewhat of a toss-up as far as which company offers you the best rates. Drivers with "fair" credit pay about 10% less with Main Street America than Cincinatti Financial, but those whose credit is considered "poor" have it flipped -- saving around 42% per month with Cincinatti Financial.

Is Cincinatti Financial or Main Street America Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a considerable impact on your monthly car insurance payment. Generally, those who drive fewer miles will end up with cheaper premiums since there's less of a chance of causing an accident and filing an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Cincinatti Financial charges. However, there's a small difference in monthly prices for Main Street America, with drivers who put 6,000 miles on their vehicle annually paying about $4 less each month compared to those who drive 12,000 miles every year. Still, for drivers in both categories, Cincinatti Financial is the less expensive company.

Cincinatti Financial or Main Street America: Compare Rates for Urban, Suburban, and Rural Drivers

Where you call home can have a big impact on your monthly auto insurance cost. Usually, if you live in an urban area with more cars on the road, you'll pay a little more for insurance, while the opposite is true for people in rural areas.

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

For policyholders in urban ZIP codes, Cincinatti Financial's average premiums are around 17% less than Main Street America Insurance. People who live in suburban areas pay about 14% less with Cincinatti Financial compared to Main Street America. Those in rural areas can expect to save around 3% with Cincinatti Financial compared to Main Street America.

Cincinatti Financial vs. Main Street America Discounts

No matter 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 you can, and the best way to do that is by taking advantage of as many car insurance discounts as possible.

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.

Luckily, we did the hard work for you and broke down all of the different discounts offered by both Cincinatti Financial and Main Street America so that you can easily see which company offers the most discounts and, therefore, the largest savings.

Main Street America blows Cincinatti Financial away when it comes to the sheer amount of discounts available, offering 18 different discounts to Cincinatti Financial's 10.

There are a couple discounts both carriers offer, but Main Street America also offers discounts for ABS, distant student, driver training, and more.

On the other hand, Cincinatti Financial has a few proprietary discounts of their own for things like advance quote discounts, COVID-19 relief discount, group discounts, and more.

Final Thoughts: Is Cincinatti Financial or Main Street America Best for You?

So, we've broken down the average prices for many of the variables auto insurance companies look at, and we've shown you all the discounts each company offers. But, at the end of the day, which carrier is the right fit for you?

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

• You've been pulled over for speeding recently.
• You live in an urban area.
• You are purchasing your car insurance with a spouse.

Main Street America might be best for you if...

• You have above-average credit.
• You want to save extra money with discounts.
• You want to save money while purchasing insurance for a teenager.

Hopefully, this guide helps you get a good idea of the differences between Cincinatti Financial and Main Street America. 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 auto insurance -- comparing quotes from multiple carriers, not just Cincinatti Financial and Main Street America. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your ZIP code below and get multiple quotes from some of the best insurance companies in your area, all for free.

Cincinatti Financial vs. Main Street America FAQs

Is Cincinatti Financial or Main Street America cheaper?

Cincinatti Financial is the more affordable of the two carriers when looking at national average premiums, with policies averaging $200 a month with Cincinatti Financial and $227 for Main Street America. That being said, that doesn't mean Cincinatti Financial will be the cheapest company for everyone, since there are multiple different factors (things like age, driving record, gender, etc.) that play a role in how much you pay.

Who is better, Cincinatti Financial or Main Street America?

Sadly, the only answer we can give you is "it depends.". One carrier is not necessarily "better" for everyone -- it all depends on the makeup of your unique car insurance profile.

Why do Cincinatti Financial and Main Street America offer me different rates?

Auto insurance companies use a lot of different variables when calculating the rates they charge. Things such as your driving record, gender, where you live, age, and sometimes even things like your credit score can all come into play. Both Cincinatti Financial and Main Street America calculate prices using different formulas, so it's likely they'll offer different rates. The best way to determine which company is the lowest for you is by comparing personalized quotes from lots of different carriers.

How do I know if Cincinatti Financial or Main Street America is right for me?

The only way to find the insurance carrier that's right for you is by getting quotes from several 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 quotes from dozens of your local top auto insurance carriers for free. With those, you can guarantee you're getting the most affordable rate. And maybe you'll find that the best company for you isn't Cincinatti Financial or Main Street America 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.