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

Quick Facts

• Looking at the national averages for car insurance, Cincinatti Financial offers slightly cheaper prices than Trexis
• Cincinatti Financial has more affordable premiums for drivers who have a speeding ticket on their driving record
• Trexis offers more affordable prices for policyholders who live in rural neighborhoods

Cincinatti Financial or Trexis: 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've maybe even narrowed your search down to Cincinatti Financial or Trexis for your next policy, but which carrier will offer you less expensive premiums?

Looking at nationwide averages, Trexis is around $20 more a month than Cincinatti Financial.

But Cincinatti Financial may not be the most affordable or best option for each driver out there. After all, auto insurance carriers can offer drastically different rates to every driver depending on rating factors like your credit score, where you call home, your age, or even your driving record (among other things), so rates could differ drastically from person to person.

Luckily, we've broken down average premiums from both Cincinatti Financial and Trexis by multiple different rate factors, so read on to find out which company is the best for you.

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

Cincinatti Financial and Trexis only compete against each other in one states, with Cincinatti Financial offering cheaper prices to the average driver in all of them. Alabama has the most noticable difference, where Cincinatti Financial rates are $167 less expensive than insurance premiums at Trexis.

That being said, there's a lot more that goes into your car insurance bill than just your home state. Continue reading to learn more about how other variables will affect your rates.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- normally pay a lot for auto insurance compared to older drivers. It's generally because teen 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 car insurance rates. Just look at the table above -- where 18-year-old drivers who have Cincinatti Financial for their insurance pay 1% less than those who use Trexis.

That being said, both companies will offer you dramatically lower prices by the time you turn 25. For example, average premiums for Cincinatti Financial policyholders drop over 60% and Trexis's rates decrease almost 65% over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age typically enjoy some of the cheapest auto insurance prices out there. After all, they've likely been driving for quite some time, which usually decreases their chances of collisions and other infractions that can raise premiums.

When looking at Cincinatti Financial and Trexis specifically, which carrier is best for retired drivers? Cincinatti Financial gets the edge, with rates for drivers 65 and older $49 more affordable than the national average for Trexis.

Which is the Best Company for Married Drivers?

You may not be aware, but car insurance prices tend to be less expensive for married policyholders than they are for those who are single. That's because policies for married drivers generally cover more than one vehicle, which lots of carriers will give you a discount for.

For single policyholders, the difference in average premiums between these two companies is not very significant, with Cincinatti Financial prices coming in at about 10% less than Trexis's. But for married couples, the advantage is clear - Cincinatti Financial has the edge when it comes to average rates.

Cincinatti Financial or Trexis: Average Rates by Gender

Because women are less likely to get speeding tickets and get into accidents, they have a lower chance of filing a claim with insurance. So, women tend to get cheaper rates than men.

With Cincinatti Financial, women usually pay around 6% per month less than men, and about 9% less with Trexis.

When it comes to the lowest premiums for each gender, Cincinatti Financial offers the cheapest average prices for both men and women, with average rates $24 less for men and $17 cheaper for women.

Cincinatti Financial vs. Trexis: 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.

Insurance can be a complicated subject for most people. There are a range of different coverages that account for lots of 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, most 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 typically refers to having collision and comprehensive coverages in addition to what you get with a liability policy).

Looking specifically at state minimum liability limits, Cincinatti Financial has the slight edge, with average monthly prices 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 Trexis's $333.

Is Cincinatti Financial or Trexis 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.

It's no secret secret that speeding tickets and accidents lead to higher rates, but which company -- Cincinatti Financial or Trexis -- has the most affordable premiums for drivers with less-than-ideal driving 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 about 15% after getting a speeding ticket. Trexis policyholders can expect a bit more drastic of an increase of around 19%.

Even so, Cincinatti Financial tends to offer the best prices for drivers both with clean records and with a ticket. With Cincinatti Financial, drivers with a clean record can save about $60 per month and drivers with a speeding ticket can save around $82 a month.

Which Company is Best for Drivers After an Accident?

Cincinatti Financial drivers who get in a collision can expect to see their rates climb by just under 45%, while those who have insurance through Trexis will see about 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 premiums coming in at $214 compared to Trexis Insurance's $247.

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 ticket or even an accident. Cincinatti Financial drivers usually see a 62% raise in their insurance prices after a DUI charge, while Trexis will typically climb rates by around 19%.

But if you end up with a DUI charge and are looking for more affordable prices, Trexis tends to be cheaper for the average driver, with monthly premiums coming in at about $226 to Cincinatti Financial's $320.

How does Credit Score Impact Cincinatti Financial and Trexis Rates?

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

The reasoning 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 Trexis, which one 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, Cincinatti Financial will generally reward you the most. For drivers with "excellent" credit scores, Cincinatti Financial comes in nearly 24.62 cheaper. Drivers with "good" credit scores normally save around 20% with Cincinatti Financial compared to average premiums from Trexis.

Which Company is Best for Drivers with Bad Credit?

If you have bad credit, 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 Cincinatti Financial than Trexis, but those whose credit is considered "poor" have it flipped -- saving around 11% per month with Trexis.

Is Cincinatti Financial or Trexis Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a big impact on your monthly car insurance cost. That's because the fewer miles you put on your car each year, the less likely you are to be in a collision and file an insurance claim.

In this case, neither Cincinatti Financial or Trexis report increasing prices for drivers with higher annual mileage figures. Still, 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 premiums of $200 a month for both.

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

Where you live can play a sizable role in how much you pay for auto insurance. Generally, policyholders who live in less densely populated rural areas will pay quite a bit less than urban drivers because of the small number of cars that are on the roads where they live.

When comparing these two carriers side-by-side, Cincinatti Financial boasts the lowest average premiums in urban and suburban areas, while Trexis wins in rural areas.

For policyholders in urban ZIP codes, Cincinatti Financial's average rates are about $50 less than Trexis Insurance. People who live in suburban areas pay around $26 less with Cincinatti Financial compared to Trexis. Those in rural areas can expect to save about $15 with Trexis compared to Cincinatti Financial.

Cincinatti Financial vs. Trexis Discounts

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

The difficult part is finding all of the discounts you're eligible for, since it can feel sometimes like every company has different discounts and each one is advertised differently.

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

Trexis blows Cincinatti Financial away when it comes to the sheer amount of discounts available, offering 16 different discounts to Cincinatti Financial's 10.

A couple of those are overlapping for things like discounts for being a defensive driver, group discounts, and discounts for being a homeowner. Trexis also offers discounts for agency transfer, driver training, education, 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, and special large ded discounts.

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

So, we've broken down the average premiums for many of the factors insurance companies look at, and we've shown you all the discounts each carrier offers. That's all well and good, but when it comes down to it, is Cincinatti Financial or Trexis the best company for you and your specific needs?

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 have a short commute.

Trexis might be best for you if...

• Your driving record includes a DUI charge.
• You're looking for discounts -- Trexis has the most.
• You live in a rural area.

Hopefully, this guide helps you get a better idea of the difference between Cincinatti Financial and Trexis and that it aids in making a more informed decision about 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 car insurance -- comparing quotes from multiple carriers, not just Cincinatti Financial and Trexis. Luckily, sites like Compare.com do all the hard work for you. Just enter your ZIP code below and get multiple free quotes from some of the best auto insurance companies in your area, all in just a few minutes.

Cincinatti Financial vs. Trexis FAQs

Is Cincinatti Financial or Trexis cheaper?

Cincinatti Financial is the less expensive of the two carriers when looking at national average prices, with policies averaging $200 per month with Cincinatti Financial and $220 for Trexis. That being said, that doesn't mean Cincinatti Financial will be the cheapest company for everyone, since there are several different variables that come into play when it comes to your insurance payment.

Who is better, Cincinatti Financial or Trexis?

Sadly, the only answer we can give you is "it depends.". No one carrier is necessarily "better" for each policyholder -- it all comes down to what your unique car insurance profile looks like. For example, Cincinatti Financial is more affordable for drivers with excellent credit, while Trexis offers less expensive rates for drivers with a recent DUI.

Why do Cincinatti Financial and Trexis offer me different rates?

Insurance companies use many different factors when calculating the premiums they charge. Things such as gender, age, your driving record, where you park your vehicle, and sometimes even things like your credit score can all be taken into consideration. Both Cincinatti Financial and Trexis calculate rates differently, 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 many different carriers.

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

The only way to find the auto 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 makes it easy for you to do just that. Just enter your area information and you'll get quotes from dozens of your local top insurance carriers for free. That way, you can guarantee you're getting the best premium. And maybe you'll find that the best company for you isn't Cincinatti Financial or Trexis 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.