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

Quick Facts

• Looking at the national averages for insurance, Safeway offers slightly more affordable rates than Cincinatti Financial
• Cincinatti Financial offers more affordable prices for policyholders who have a clean record
• Safeway offers less expensive average premiums for policyholders who drive fewer than 6,000 miles every year

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

Are you considering a new insurance policy? After all, you've seen ads from all sorts of companies offering big savings. But exactly how much can you save by switching?

You've maybe even narrowed it down to Cincinatti Financial or Safeway as your top options, but between the two, which carrier has cheaper prices for auto insurance?

Looking at nationwide averages, Cincinatti Financial is around $6 more a month than Safeway.

However, that doesn't necessarily mean Safeway will be the less expensive option for every single driver. After all, car insurance carriers can offer drastically different rates to each driver depending on rating factors like your driving record, your age, your credit score, or even where you call home (among other things), so rates could change drastically from person to person.

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

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

Cincinatti Financial and Safeway only compete against each other in one states, with Cincinatti Financial offering more affordable prices to the average driver in all of them. Alabama has the most noticable difference, where Cincinatti Financial rates are $4 cheaper than insurance prices at Safeway.

That being said, there are plenty of other factors that go into your auto insurance payment than just your home state. Read on to learn more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers usually pay a lot more for car insurance than any group on the road. It's because teen drivers are statistically much more likely to get into an accident that results in an auto insurance claim, making them much riskier to insure.

But still, even with seemingly sky-high premiums, teen drivers can still find ways to save money. As you can see above, teens who use Safeway save over 10% per month compared to those who use Cincinatti Financial.

That being said, with both companies, you'll see your rates decrease significantly by the time you turn 25. For example, average premiums for Cincinatti Financial policyholders lower more than 60% and Safeway's rates drop over 60% over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll generally enjoy the most affordable insurance prices you'll ever see. You've been on the road for years, and all that experience pays off when it comes to your monthly premiums for car insurance.

When looking at Cincinatti Financial and Safeway specifically, which carrier is best for retired drivers? Cincinatti Financial gets the edge here, with average rates coming in at about $122 a month compared to Safeway's $136.

Which is the Best Company for Married Drivers?

Those who are single tend to get offered slightly more expensive insurance prices than married policyholders. This usually boils down to married couples having more than one vehicle on their policy -- something lots of auto insurance carriers will reward with discounts.

If you're in the market for insurance, Safeway tends to have the lowest average premiums regardless of relationship status, with prices around $4 more affordable for married drivers and about $7 cheaper for single drivers.

Cincinatti Financial or Safeway: Average Rates by Gender

Men are statistically more likely than women to get into a collision or get pulled over for speeding, which means they'll typically end up paying more for auto insurance than women.

With Cincinatti Financial, women normally pay around 6% a month less than men, and almost 10% less with Safeway when compared to their male counterparts.

Looking at the data for each company specifically, Safeway comes out on top for both men and women, with average rates $3 less for men and $8 cheaper for women.

Cincinatti Financial vs. Safeway: 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 can be pretty complicated. There are so many different limits and terms that it can make it pretty confusing to find the right policy for you.

But most policies that drivers look at fall into two categories -- liability coverage (which provides bodily injury and property damage coverage for other drivers and their passengers if you cause an accident) and full coverage (which usually refers to having collision and comprehensive coverages in addition to what you get with liability coverage).

When it comes to state minimum liability insurance, Cincinatti Financial has the edge, while Safeway offers the cheapest average prices for full coverage policies with similar coverage limits. Policyholders looking for basic state minimum coverage can save around $25 with Cincinatti Financial, while full coverage comes out to be about $35 less expensive with Safeway Insurance.

Is Cincinatti Financial or Safeway 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 speeding tickets and at-fault collisions lead to higher rates, but which carrier -- Cincinatti Financial or Safeway -- has the lowest prices for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Drivers who use Cincinatti Financial for their car insurance can typically expect their monthly bill to go up around 15% after getting a speeding ticket. Safeway policyholders can expect a less drastic increase of about 4%.

Even so, Cincinatti Financial tends to offer the best prices for drivers both with a ticket and with a clean record, offering premiums that are $41 and $27 more affordable, respectively, compared to Safeway Insurance.

Which Company is Best for Drivers After an Accident?

Cincinatti Financial policyholders who get in a collision can expect to see their rates rise by just under 45%, while those who have insurance through Safeway will see around a 25% increase.

At the end of the day, drivers who use Cincinatti Financial end up with the cheaper prices after an accident, with average prices coming in at $214 compared to Safeway Insurance's $223.

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. Cincinatti Financial drivers usually see a 62% raise in their insurance rates after a DUI charge, while Safeway will generally climb prices by about 26%.

But if you end up with a DUI charge and are looking for more affordable premiums, Safeway tends to be cheaper for the average driver, with monthly premiums coming in at around $220 to Cincinatti Financial's $320.

How does Credit Score Impact Cincinatti Financial and Safeway Rates?

You may not realized it, but your credit score can come into play when carriers determine your monthly bill. This isn't true for everyone (California, for example, has banned the use of credit score as an insurance factor) but it does affect quite a few drivers out there.

Auto insurance companies argue that someone with bad credit is less likely to pay their bills on time, which makes them riskier to insure. Because of that, policyholders with bad credit will often be forced to pay more.

Looking at Cincinatti Financial and Safeway specifically, which one has the cheapest prices for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have solid credit, Cincinatti Financial will normally reward you the most. For policyholders with "excellent" credit scores, Cincinatti Financial comes in nearly 24.23 less expensive. Drivers with "good" credit scores typically save about 11% with Cincinatti Financial compared to average premiums from Safeway.

Which Company is Best for Drivers with Bad Credit?

Safeway typically offers lower rates than Cincinatti Financial when it comes to drivers with a below average credit score. Drivers with "fair" credit pay around 2% per month less with Safeway compared to Cincinatti Financial, and those with "poor" scores generally save an average of about 31% per month.

Is Cincinatti Financial or Safeway 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 carriers will charge for coverage. Usually, the more milage you put on your car each year, the more you can expect to pay for car insurance.

In this case, neither Cincinatti Financial or Safeway report increasing premiums for drivers with higher annual mileage figures. Still, Safeway comes out as the most affordable for drivers at both intervals, whether they put 6,000 or 12,000 miles on their vehicle annually, with average rates of $194 a month for both.

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

Where you call home can play a considerable role in how much you pay for auto insurance. Normally, drivers who live in heavily-populated urban areas will pay quite a bit more than rural policyholders due to the number of cars that are on the roads where they live.

Cincinatti Financial tends to offer the most affordable option for drivers in urban and suburban areas, while Safeway wins in rural areas.

Those in rural areas can expect to save around 20% with Safeway compared to Cincinatti Financial. People who live in suburban areas pay about 2% less with Cincinatti Financial compared to Safeway. For drivers in urban ZIP codes, Cincinatti Financial's average premiums are around 6% less than Safeway Insurance.

Cincinatti Financial vs. Safeway Discounts

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

But with what seems like a million different discounts out there, it can be challenging to find all the ones you qualify for or to nail down the carrier that has the most discounts for your unique driver profile.

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

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

A couple of those are overlapping for things like discounts for being a defensive driver, discounts for being a homeowner, and paid in full discounts. Safeway also offers discounts for agency transfer, full coverage, military, and more.

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

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

You've seen the effect certain variables have on your car insurance and the different discounts companies offer. But, when it comes down to it, is Cincinatti Financial or Safeway the best fit for you?

Safeway might be best for you if....

• Your driving record includes a DUI charge.
• You want to save money while purchasing insurance for a teenager.
• You have a short drive to work everyday.

Cincinatti Financial might be best for you if...

• You've been pulled over for speeding recently.
• You're looking for the best prices on liability only coverage.
• You're of retirement age and want to take advantage of lower rates.

Hopefully, this guide has ben a valuable resource as you compare Cincinatti Financial and Safeway and that it aids in making a more informed decision about your auto insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your car insurance policy is to compare quotes from multiple carriers, not just Cincinatti Financial and Safeway. Luckily, sites like Compare.com do all the hard work for you. Just enter your ZIP code below and get multiple quotes from some of the best auto insurance companies in your area, all for free.

Cincinatti Financial vs. Safeway FAQs

Is Cincinatti Financial or Safeway cheaper?

Safeway is the more affordable of the two carriers when looking at national average premiums, with policies averaging $194 per month with Safeway and $200 for Cincinatti Financial. That being said, that doesn't mean Safeway will be the cheapest company for every driver, since there are lots of different factors that are considered when it comes to your car insurance bill.

Who is better, Cincinatti Financial or Safeway?

Unfortunately, the only answer we can give you is "it depends.". No single carrier is necessarily "better" for each policyholder -- it all boils down to your unique insurance profile. For example, Safeway is cheaper for drivers who have less-than-stellar credit scores, while Cincinatti Financial offers less expensive prices for policyholders with an at-fault collision on their record.

Why do Cincinatti Financial and Safeway offer me different rates?

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

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

The only way to find the car insurance carrier that's right for you is by getting quotes from a handful of companies and finding the one best suited for your individual budget. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code 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 Safeway 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.