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

Quick Facts

• Based on national averages for car insurance, Cincinatti Financial offers slightly less expensive rates than National Mutual
• Cincinatti Financial has more affordable prices for policyholders who drive a short distance to work everyday
• National Mutual may help you save more money -- they offer more discounts than Cincinatti Financial

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

Are you in the market for a new insurance policy? With so many ads from all sorts of companies offering huge savings, you're probably wondering exactly how much you might be able to save.

You've maybe even narrowed it down to Cincinatti Financial or National Mutual, but which carrier will save you the most?

Looking at the national average rates for both carriers, National Mutual is around $1 more a month than Cincinatti Financial.

However, Cincinatti Financial may not be the most affordable or best option for each driver out there. Auto insurance companies vary their rates depending on things like how good your credit score is, where you live, how old you are, how clean your driving record is, and tons of other factors, so premiums could differ drastically from person to person.

Luckily, we've broken down average rates from both Cincinatti Financial and National Mutual by a range of different rate factors, so read on to find out which company is the best for you.

Cincinatti Financial vs. National Mutual: Average Car Insurance Rates by State

Cincinatti Financial and National Mutual only compete against each other in one states, with Cincinatti Financial offering cheaper prices to the average driver in all of them. Ohio has the most noticable difference, where Cincinatti Financial premiums are $13 less expensive than car insurance prices at National Mutual.

But there's more to insurance than just your home state. As we mentioned above, there's a lot of things that go into how auto insurance carriers determine your premiums. Continue reading to learn more about how other variables will affect your rates.

Which is the Best Company For Young Drivers?

You might already know that teen drivers typically pay a lot more for insurance than any other group of drivers out there 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.

Even so, that doesn't mean teen drivers can't still save money on their auto insurance. For example, 18-year-old drivers pay an average of almost 4% less per month by choosing National Mutual over Cincinatti Financial.

But both companies will offer you dramatically lower rates by the time you turn 25. For example, average premiums for Cincinatti Financial policyholders lower about $300 and National Mutual's prices drop around $300 over that time.

Which is the Best Company for Retired Drivers?

When it comes to car insurance, patience and experience pay off, with drivers around retirement age paying some of the lowest rates you can find.

So, which carrier offers the best premiums to retired drivers? Cincinatti Financial gets the slight edge, with prices for drivers 65 and older nearly 10% cheaper than the national average for National Mutual.

Which is the Best Company for Married Drivers?

Single drivers tend to get offered slightly more expensive insurance rates than married drivers. This usually boils down to married policyholders having more than one vehicle on their policy -- something lots of car insurance carriers will reward with discounts.

When it comes to relationship status, National Mutual is the winner for single policyholders, with premiums about 1% a month more affordable than Cincinatti Financial, on average.

Cincinatti Financial or National Mutual: Average Rates by Gender

Women normally to pay less for auto insurance than men. That's because men are more likely to get speeding tickets and get into collisions, which increases the chances of filing a claim with insurance.

Typically, men see rates almost $15 per month higher with Cincinatti Financial, and over $20 with National Mutual.

Looking at the data for each company specifically, National Mutual is the cheapest carrier for women. Rates with National Mutual are $2 cheaper for women, while with Cincinatti Financial, men can save around $2.

Cincinatti Financial vs. National 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.

Car insurance isn't the easiest topic to understand. There are so many different coverages and limits that it can make it pretty confusing to find the right policy for you.

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 two additional coverages -- collision and comprehensive -- in addition to what you get with a liability policy).

When it comes to state minimum limits for liability insurance, National Mutual has the edge, while Cincinatti Financial offers the most affordable average prices for full coverage policies with similar coverage limits. Policyholders looking for basic state minimum coverage can save around $10 with National Mutual Insurance, while full coverage comes out to be about $15 cheaper with Cincinatti Financial.

Is Cincinatti Financial or National Mutual Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from 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.

Speeding tickets and collisions will most likely raise your prices, but is Cincinatti Financial or National Mutual less expensive for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Drivers who use Cincinatti Financial for their auto insurance can usually expect their monthly bill to go up around 15% after getting a speeding ticket. National Mutual policyholders can expect a less drastic increase of about 8%.

If you have gotten a ticket, National Mutual tends to offer the best rates at around 1% more affordable, while Cincinatti Financial has the edge for drivers with a clean record.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their insurance through Cincinatti Financial can expect to see about an $92 -- or around 43% -- rise in their auto insurance prices. Drivers who use National Mutual for their car insurance will see a monthly bill about $76 (or 37%) more expensive after reporting an accident to their auto insurance company.

At the end of the day, National Mutual offers the cheapest rates for drivers with an at-fault collision on their records, with average premiums coming in at $207 compared to Cincinatti Financial'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 a collision. Cincinatti Financial drivers usually see a 62% climb in their insurance rates after a DUI charge, while National Mutual will generally increase prices by around 60%.

But if you end up with a DUI charge and are looking for more affordable premiums, Cincinatti Financial tends to be less expensive for the average driver, with monthly premiums coming in at about $320 to National Mutual's $325.

How does Credit Score Impact Cincinatti Financial and National Mutual Rates?

You may not have known, but your credit score can come into play when carriers calculate your monthly bill. This isn't true for everyone (for example, Michigan and Massachusetts are two states that ban the practice entirely), but it will come into play for several policyholders.

The reasoning car insurance companies 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 usually be forced to pay more.

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

Which Company is Best for Drivers with Good Credit?

If you have solid credit, National Mutual will generally reward you the most. For drivers with "excellent" credit scores, National Mutual comes in nearly 14.29 more affordable. Drivers with "good" credit scores typically save around 6% with National Mutual compared to average rates from Cincinatti Financial.

Which Company is Best for Drivers with Bad Credit?

Cincinatti Financial typically offers lower prices than National Mutual when it comes to drivers with less-than-stellar credit. Drivers with "fair" credit pay about 10% a month less with Cincinatti Financial compared to National Mutual, and those with "poor" scores normally save an average of around 5% a month.

Is Cincinatti Financial or National 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 your monthly rates. That's because the more milage you put on your car each year, the more likely you are to be in an accident and file an insurance claim.

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

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

Where you park your car can play a big role in how much you pay for auto insurance. Generally, 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.

When comparing these two carriers side-by-side, Cincinatti Financial tends to offer the cheapest option for drivers in rural and suburban areas, while National Mutual wins in urban areas.

For drivers in urban ZIP codes, National Mutual's average prices are about $214 a month compared to Cincinatti Financial's $220. Drivers in suburban ZIP codes pay around $197 with Cincinatti Financial compared to National Mutual's $201 monthly. If you live in a rural area, you can expect to pay about $182 per month with Cincinatti Financial compared to National Mutual's $189.

Cincinatti Financial vs. National Mutual Discounts

No matter why you might be in the market for a new car 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 auto insurance discounts as possible.

But where do you even start? With what seems like a million different discounts out there, it may be challenging to find all the ones you qualify for.

Luckily, we did the hard work for you and compared all of the different discounts offered by Cincinatti Financial and National Mutual so that you can easily see which company offers the most discounts and see which ones you might be able to take advantage of.

National Mutual blows Cincinatti Financial away when it comes to the sheer amount of discounts available, offering nine more discounts than Cincinatti Financial.

Both companies offer a lot of the same discounts -- like advance quote discounts, anti-theft discounts, and discounts for being a good student -- but National Mutual also offers discounts for claim free, continuous insurance, driver training, and more.

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

Final Thoughts: Is Cincinatti Financial or National Mutual Best for You?

So, you've seen how different factors can affect your car insurance premiums. We've shown you all the discounts each company offers, too. But, at the end of the day, which carrier is the best one for you and your specific profile and needs?

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

• You have a clean driving record, free of accidents, tickets, or DUIs.
• You're of retirement age and want to take advantage of lower prices.
• You have a short commute.

National Mutual might be best for you if...

• You've been pulled over for speeding recently.
• You're looking for the best premiums on liability only coverage.
• You want to save money while purchasing insurance for a teenager.

Hopefully, this guide helps you get a better idea of the difference between Cincinatti Financial and National Mutual. 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 multiple carriers, not just Cincinatti Financial and National Mutual. Luckily, Compare.com makes it easy for you to do just that. Just enter your ZIP code below and get free quotes from dozens of top car insurance companies in your area, all in just a few minutes.

Cincinatti Financial vs. National Mutual FAQs

Is Cincinatti Financial or National Mutual cheaper?

Cincinatti Financial is the cheaper of the two carriers when looking at national average rates, with policies averaging $200 per month with Cincinatti Financial and $201 for National Mutual. That being said, that doesn't mean Cincinatti Financial will be the most affordable company for every policyholder, since there are a bunch of different variables that come into play when it comes to your insurance payment.

Who is better, Cincinatti Financial or National Mutual?

Unfortunately, the only answer we can give you is "it depends.". No single carrier is "better" for everyone -- it all depends on the makeup of your unique car insurance profile. For example, Cincinatti Financial is more affordable for drivers who have already retired, while National Mutual offers less expensive premiums for single policyholders.

Why do Cincinatti Financial and National Mutual offer me different rates?

Auto insurance companies use quite a few different factors when determining the prices they charge. Variables such as your driving record, gender, age, where your home is, and sometimes even things like your credit score can all be used. Both Cincinatti Financial and National Mutual use 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 several different carriers.

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

The only way to find the car 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, Compare.com does all the hard work for you. Just enter your information once and you'll get quotes from dozens of your local top insurance carriers for free. With those, you can guarantee you're getting the most affordable premium. And maybe you'll find that the best company for you isn't Cincinatti Financial or National Mutual 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.