Cincinatti Financial vs. Western Reserve Group: Which Company is the Best Fit for You?

Quick Facts

• Based on national averages for car insurance, Western Reserve Group offers significantly cheaper prices than Cincinatti Financial
• Western Reserve Group offers more affordable premiums for drivers with a DUI charge on their record
• Western Reserve Group offers less expensive average prices for policyholders who may not have much of a commute

Cincinatti Financial vs. Western Reserve Group: 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 large discounts, you're probably wondering exactly how much you might be able to save.

You might be considering Cincinatti Financial or Western Reserve Group, but between the two, which company will offer you more affordable rates?

Looking at nationwide averages, Cincinatti Financial is quite a bit more expensive than Western Reserve Group, with prices averaging $200 per month compared to just $137 with Western Reserve Group.

However, Western Reserve Group may not be the cheapest or best option for every single driver out there. Auto insurance companies use tons of complex algorithms to calculate rates, so depending on how good your credit score is or how old you are (among numerous other factors), you could see wildly different premiums from the ones above.

So, if you want to find out which of Cincinatti Financial or Western Reserve Group is really the best for you, keep reading to see average prices for each carrier broken down by many different rate factors.

Cincinatti Financial or Western Reserve Group: Average Car Insurance Rates by State

Cincinatti Financial and Western Reserve Group only compete against each other in one states, with Western Reserve Group offering less expensive rates to the average driver in all of them. Ohio has the most noticable difference, where Western Reserve Group premiums are over 30% more affordable than car insurance rates at Cincinatti Financial.

There's a lot more that goes into your auto insurance cost than just the state you live in. Read on to find out more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers typically pay a lot more for insurance than any group on the road. It's usually because 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 teen drivers can't still save money on their auto insurance. For example, 18-year-old drivers pay an average of nearly $250 less a month by choosing Western Reserve Group over Cincinatti Financial.

That being said, both carriers will offer you dramatically lower premiums by the time drivers turn 25. Western Reserve Group offers the steepest reduction, with 25-year-olds paying less than half what 18-year-old drivers are charged. Cincinatti Financial's average prices decrease more than 60% during that same period.

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 most affordable premiums you'll ever find.

But who has the best rates for retired drivers between Cincinatti Financial and Western Reserve Group? Western Reserve Group gets the edge, with prices for drivers 65 and older over 10% cheaper than the national average for Cincinatti Financial.

Which is the Best Company for Married Drivers?

Did you know that insurance rates are generally more expensive for single policyholders than they are for married couples? This usually boils down to married drivers having more than one car on their policy -- something lots of car insurance companies will reward with discounts.

When it comes to relationship status, Western Reserve Group is the clear winner for single drivers, with prices about $85 per month more affordable than Cincinatti Financial, on average. For married policyholders, the advantage is clear again - Western Reserve Group has the edge when it comes to average premiums.

Cincinatti Financial vs. Western Reserve Group: Average Rates by Gender

Men are statistically more likely than women to cause a collision and get into accidents, which means they'll normally end up paying more for insurance than women.

Usually, women see rates almost $15 a month less expensive with Cincinatti Financial, but surprisingly, with Western Reserve Group, women usually pay around $2 per month more than men.

When it comes to the lowest prices for each gender, Western Reserve Group comes out as the cheapest option for both genders, with average premiums $70 less for men and $55 cheaper for women.

Cincinatti Financial or Western Reserve Group: 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, auto insurance can be pretty complicated. There are so many different terms and limits that it can make it pretty confusing to find the right policy.

But most policies that many drivers look at fall into two categories -- liability only (which provides bodily injury and property damage coverage for other drivers if you cause an accident) and full coverage (which includes two additional coverages -- comprehensive and collision -- alongside what you get with a liability policy).

If you're looking for state minimum liability limits, Western Reserve Group typically offers cheaper prices of $94 compared to Cincinatti Financial's $106. When it comes to full coverage policies with similar limits, Western Reserve Group again has the edge, with policies about $100 a month more affordable than Cincinatti Financial, on average.

Is Cincinatti Financial or Western Reserve Group Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from car 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 at-fault accidents and tickets lead to higher rates, but which company -- Cincinatti Financial or Western Reserve Group -- has the most affordable premiums for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Cincinatti Financial policyholders can expect their prices to go up an average of $21 per month if they get a ticket, while Western Reserve Group normally raises rates around $34 a month, on average.

Even so, Western Reserve Group tends to offer the best prices for drivers both with a speeding ticket and with a clean record. Drivers with a clean record can save about $34 per month and drivers with a ticket can save around $21 a month with Western Reserve Group.

Which Company is Best for Drivers After an Accident?

Both companies will increase premiums pretty significantly if you get into an at-fault accident with Cincinatti Financial increasing by over $90. Western Reserve Group has a less extreme climb, but you can still expect to pay more than $30 more than you were prior to your first collision.

Overall, Western Reserve Group offers the lowest rates for drivers with an at-fault accident on their records, with monthly prices averaging $120 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. On average, Cincinatti Financial will raise your premiums about 62% after a DUI, while Western Reserve Group's average prices climb by just under 60%.

If you have a DUI on your record and are looking for more affordable rates, Western Reserve Group tends to be the much cheaper option with average prices of $218 monthly compared to $320 from Cincinatti Financial.

How does Credit Score Impact Cincinatti Financial and Western Reserve Group Rates?

Did you know that many insurance carriers take your credit score into account when calculating rates? This isn't always the case (for example, Hawaii and Michigan are two states that ban the practice entirely), but it does affect a lot of drivers out there.

The reasoning auto insurance companies use is that policyholders with good credit will be more likely to pay their bills on time; so they'll reward them with cheaper premiums, while those with poor credit will usually be forced to pay more.

So, which carrier offers the best prices for drivers with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

If you have a solid credit score, you'll usually find a better deal with Western Reserve Group. Policyholders with "excellent" credit can save nearly 30% compared to Cincinatti Financial, and those with "good" scores can also expect to see savings -- around $55 or 32% less expensive each month.

Which Company is Best for Drivers with Bad Credit?

Western Reserve Group typically offers lower rates than Cincinatti Financial when it comes to drivers with less-than-perfect credit. Drivers with "fair" credit pay about $59 per month less with Western Reserve Group compared to Cincinatti Financial, and those with "poor" scores generally save an average of around $92 a month.

Is Cincinatti Financial or Western Reserve Group 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 miles you put on your vehicle each year, the more you can expect to pay for coverage.

In this case, neither Cincinatti Financial or Western Reserve Group report increasing premiums for drivers with higher annual mileage figures. That being said, Western Reserve Group comes out as the most affordable for drivers at both intervals, whether they put 6,000 or 12,000 miles on their car yearly, with average rates of $137 a month for both.

Cincinatti Financial vs. Western Reserve Group: Compare Rates for Urban, Suburban, and Rural Drivers

Where you park your vehicle can play a substantial role in how much you pay for auto insurance. Typically, those who live in rural areas will pay less than drivers in urban areas due to the small number of cars that are on the roads in those areas.

When comparing these two companies side-by-side, Western Reserve Group generally comes out as the cheapest option for drivers in all types of areas, no matter if they're urban, suburban, or rural.

For policyholders in urban ZIP codes, Western Reserve Group offers premiums about $147 per month compared to Cincinatti Financial's $220. People who live in suburban ZIP codes can expect to pay around $139 per month for Western Reserve Group and $197 for Cincinatti Financial. Lastly, those in rural areas tend to get the lowest rates from both carriers, with average monthly prices coming in at $125 and $182 for Western Reserve Group and Cincinatti Financial respectively.

Cincinatti Financial vs. Western Reserve Group Discounts

Regardless of 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 possible, and the best way to do that is by taking advantage of as many auto insurance discounts as you can.

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

Below, we've broken down all of the different discounts offered by both Cincinatti Financial and Western Reserve Group so that you can see which one can save you the most money each month.

Looking at the total number of discounts, Western Reserve Group comes out ahead with 11 discounts to Cincinatti Financial's 10.

A couple of those are overlapping for things like advance quote discounts, anti-theft discounts, and discounts for being a good student. Western Reserve Group also offers agency transfer discounts, company car discounts, distant student 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, group discounts, paid in full discounts, and more.

Final Thoughts: Is Cincinatti Financial or Western Reserve Group Best for You?

You've seen the effect certain factors have on your insurance and the different discounts companies offer. But, at the end of the day, is Cincinatti Financial or Western Reserve Group the best carrier for you, your vehicle, and your wallet?

Western Reserve Group might be best for you if....

• You've received a ticket for speeding recently and don't want to see your rates increase.
• You have above-average credit.
• You drive fewer than 6,000 miles annually.

Cincinatti Financial might be best for you if...

• You have a more unique driver profile than those we mentioned above.

We hope this guide has ben a valuable resource as you compare Cincinatti Financial and Western Reserve Group and that you can now make a more informed decision when it comes to your car insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your auto insurance policy is to compare quotes from several carriers, not just Cincinatti Financial and Western Reserve Group. Luckily, Compare.com makes it easy for you to do just that. Just enter your ZIP code below and get multiple free quotes from some of the best car insurance companies in your area, all in just a few minutes.

Cincinatti Financial vs. Western Reserve Group FAQs

Is Cincinatti Financial or Western Reserve Group cheaper?

Looking just at the national average prices, Western Reserve Group is the more affordable of the two carriers, offering average rates of $137 a month compared to $200 for Cincinatti Financial. But Western Reserve Group won't necessarily be the most affordable company for everyone, 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 Western Reserve Group?

Unfortunately, the real answer is "it depends.". One carrier is not necessarily "better" for every driver -- it all comes down to what your unique auto insurance profile looks like.

Why do Cincinatti Financial and Western Reserve Group offer me different rates?

Insurance companies take a look at many different factors when determining the premiums they charge drivers. Variables like your driving record, gender, age, where you live, and sometimes even things like your credit score can all come into play. Both Cincinatti Financial and Western Reserve Group calculate rates differently, so each one will most likely offer different prices. The only real way to see which company is the cheapest for you is by comparing personalized quotes from lots of different carriers.

How do I know if Cincinatti Financial or Western Reserve Group 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 free quotes from dozens of the best insurance carriers in your area. With those, you can guarantee you're getting the lowest premium. And who knows, the best company for you might not be Cincinatti Financial or Western Reserve Group 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.