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

Quick Facts

• Based on national averages for insurance, Ohio Mutual offers significantly more affordable premiums than Cincinatti Financial
• Ohio Mutual tends to be a much less expensive option for policyholders who may not have much of a commute
• Ohio Mutual has more affordable rates for policyholders who don't have any speeding tickets, DUIs, or at-fault accidents on their record

Cincinatti Financial vs. Ohio Mutual: Which Company has the Cheapest Car Insurance?

Are you considering a new insurance policy? With so many ads from all sorts of companies offering large discounts, you're probably wondering exactly how much you might be able to save.

You might have narrowed your search down to Cincinatti Financial or Ohio Mutual, but which company will offer you less expensive premiums?

Looking at the national average rates for both companies, Ohio Mutual is about $48 per month cheaper than Cincinatti Financial.

However, that doesn't mean Ohio Mutual will necessarily be less expensive than Cincinatti Financial for every driver. Auto insurance carriers vary their prices depending on things like how good your credit score is, how old you are, where you live, how clean your driving record is, and tons of other factors, so rates could differ drastically from person to person.

Wanting to know if Cincinatti Financial or Ohio Mutual 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.

Cincinatti Financial or Ohio Mutual: Average Car Insurance Rates by State

Cincinatti Financial and Ohio Mutual only compete against each other in Ohio, where Cincinatti Financial offers the cheaper average rates. For Ohio residents, Cincinatti Financial offers car insurance for $147 per month on average. Ohio Mutual's average premiums come out to be more expensive, at $152 monthly.

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

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive insurance prices of any group on the road. The reason is that young, inexperienced drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

Even so, that doesn't mean that teen drivers have to just accept sky-high auto insurance rates. For example, 18-year-old drivers pay an average of more than $200 less a month by choosing Ohio Mutual over Cincinatti Financial.

That being said, both companies will drop premiums once you turn 25. For example, average rates for Cincinatti Financial policyholders decrease over 60% and Ohio Mutual's premiums lower around 50% over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age typically enjoy some of the most affordable insurance prices you'll ever see. After all, they've likely been driving for quite some time, which generally reduces their chances of collisions and other infractions that can increase premiums.

When looking at Cincinatti Financial and Ohio Mutual specifically, which carrier is best for retired drivers? Ohio Mutual gets the slight edge, with rates for drivers 65 and older about 7% more affordable than the national average for Cincinatti Financial.

Which is the Best Company for Married Drivers?

Married policyholders tend to get slightly cheaper car insurance prices than single policyholders. This usually boils down to married drivers having multiple cars on their policy -- something several insurance carriers will reward with discounts.

When it comes to relationship status, Ohio Mutual is the clear winner for single drivers, with rates around $70 per month more affordable than Cincinatti Financial, on average. The advantage for married couples with Ohio Mutual is also obvious, where drivers save nearly 15% a month.

Cincinatti Financial vs. Ohio Mutual: Average Rates by Gender

Did you know women tend to pay less for auto insurance than men? This is because women are less likely to get tickets and get into collisions, which decreases the chances of an insurance claim.

Women usually pay almost $15 per month less than men with Cincinatti Financial, while with Ohio Mutual, the difference is closer to $8 a month.

Looking at overall affordability, Ohio Mutual comes out as the cheapest option for both genders, with average prices $50 less for men and $45 cheaper for women.

Cincinatti Financial or Ohio 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.

For most people, car insurance isn't the easiest topic to understand. Everyone needs auto insurance, but there are so many different limits and terms that it can be hard 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 their passengers if you cause an accident) and full coverage (which normally refers to having comprehensive and collision coverages alongside what you get with a liability policy).

If you're looking for state minimum liability insurance, Ohio Mutual usually offers significantly less expensive premiums of $74 compared to Cincinatti Financial's $106. When it comes to full coverage policies with similar limits, Ohio Mutual again has the edge, with policies about $65 per month cheaper than Cincinatti Financial, on average.

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

You've probably seen plenty of commercials from insurance companies offering great rates 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 tickets and accidents lead to higher premiums, but which company -- Cincinatti Financial or Ohio Mutual -- has the most affordable prices for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Cincinatti Financial policyholders can expect their rates to go up an average of $21 a month if they get a ticket, while Ohio Mutual typically raises prices around $21 per month, on average.

But Ohio Mutual is generally the less expensive option for both drivers who have clean records and those with a recent speeding ticket. Drivers with a clean record can save about $38 a month and drivers with a ticket can save around $38 per month with Ohio Mutual Insurance Company.

Which Company is Best for Drivers After an Accident?

Both carriers will raise premiums pretty significantly if you get into an at-fault accident with Cincinatti Financial increasing by over $90. Ohio Mutual has a less extreme increase, but you can still expect to pay more than $40 more than you were prior to your first collision.

Overall, drivers who use Ohio Mutual end up with the cheaper prices after an accident, with monthly rates averaging $125 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. For example, Ohio Mutual increases average premiums by over $200 a month -- that's over a 70% increase.

If you have a DUI on your record and are looking for more affordable prices, Ohio Mutual tends to be the much cheaper option with average premiums of $293 a month compared to $320 from Cincinatti Financial.

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

Did you know that many car insurance companies take your credit score into account when calculating prices? This isn't always the case (for example, Michigan and Hawaii are two states that ban the practice entirely), but it will come into play for lots of drivers.

Insurance carriers argue that those with poor credit scores are less likely to pay their bills on time each month, which increases the risk involved on their end, while the opposite is true for those with good credit.

Looking specifically at Ohio Mutual and Cincinatti Financial, which carrier has the best rates for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have a solid credit score, you'll usually find a better deal with Ohio Mutual. Drivers with "excellent" credit can save just under 35% compared to Cincinatti Financial, and those with "good" scores can also expect to see savings -- about $48 or 28% more affordable every month.

Which Company is Best for Drivers with Bad Credit?

Ohio Mutual typically offers lower prices than Cincinatti Financial when it comes to drivers with less-than-perfect credit. Drivers with "fair" credit pay around $45 per month less with Ohio Mutual compared to Cincinatti Financial, and those with "poor" scores normally save an average of about $49 per month.

Is Cincinatti Financial or Ohio 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 car insurance bill. Typically, the more miles you put on your vehicle, the more you can expect to pay for auto insurance.

In this case, neither Cincinatti Financial or Ohio Mutual report increasing premiums for drivers with higher annual mileage figures. Still, Ohio Mutual comes out as the lowest for drivers at both intervals, whether they put 6,000 or 12,000 miles on their car annually, with average rates of $152 a month for both.

Cincinatti Financial vs. Ohio Mutual: Compare Rates for Urban, Suburban, and Rural Drivers

Where you park your vehicle can have a substantial impact on your monthly insurance payment. Usually, policyholders who live in less densely populated rural areas will pay quite a bit less than urban drivers because there are a lot fewer cars on the road in those areas, which lowers the chances of an accident.

Ohio Mutual boasts the lowest average prices for drivers in every type of area, no matter if it's urban, suburban, or rural.

Policyholders in rural ZIP codes see the most affordable rates from both companies, but Ohio Mutual comes out on top with average prices around $147 a month. Ohio Mutual also has less expensive average rates for drivers in urban and suburban ZIP codes -- a $65 and $44 per month respective difference when compared to Cincinatti Financial policyholders in similar areas.

Cincinatti Financial vs. Ohio Mutual Discounts

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

The hard part is finding all of the discounts you can take advantage of, since it can feel sometimes like every company has different discounts and each one is advertised differently.

Below, we've broken down all of the different discounts offered by both Cincinatti Financial and Ohio Mutual so that you can find the company that has the most discounts and, therefore, the biggest savings.

Ohio Mutual knocks Cincinatti Financial out of the park when it comes to the sheer number of discounts available, offering seven more discounts than Cincinatti Financial.

There are a couple discounts both carriers offer, but Ohio Mutual also offers ABS discounts, attentive driver discounts, continuous insurance discounts, and more that Cincinatti Financial does not.

On the flip side, Cincinatti Financial has a couple unique discounts of its own -- COVID-19 relief discount, discounts for being a homeowner, and special large ded discounts.

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

So, you've seen how different factors can affect your auto insurance premiums. We've shown you all the discounts each carrier offers, too. But, at the end of the day, is Cincinatti Financial or Ohio Mutual the right carrier for you and your specific profile and needs?

Ohio Mutual might be best for you if....

• You have a DUI charge on your record.
• Your neighborhood is in the suburbs.
• You are purchasing your car insurance with a spouse.

Cincinatti Financial 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 Cincinatti Financial and Ohio Mutual. 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 companies, not just Cincinatti Financial and Ohio Mutual. Luckily, sites like Compare.com do all the hard work for you. Simply enter your ZIP codes below and get multiple quotes from some of the best auto insurance carriers in your area, all for free.

Cincinatti Financial vs. Ohio Mutual FAQs

Is Cincinatti Financial or Ohio Mutual cheaper?

Looking just at the national average prices, Ohio Mutual is the cheaper of the two companies, offering average rates of $152 a month compared to $200 for Cincinatti Financial. Even so, Ohio Mutual won't necessarily be the cheapest company for each driver, since there are a range of different variables that are considered when it comes to your car insurance cost.

Who is better, Cincinatti Financial or Ohio Mutual?

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

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

Car insurance carriers take a look at many different factors when determining the rates they charge drivers. Things like your driving record, gender, age, where you call home, and sometimes even things like your credit score can all come into play. Both Cincinatti Financial and Ohio Mutual calculate premiums using different formulas, so each one will most likely offer different rates. The only real way to see which company is the most affordable for you is by comparing personalized quotes from a bunch of different companies.

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

The only way to find the insurance carrier that's right for you is by getting quotes from several carriers 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 area information and you'll get free quotes from dozens of the best auto insurance companies in your area. With those, you can guarantee you're getting the cheapest rate. And who knows, the best company for you might not be Cincinatti Financial or Ohio 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.