Co-operative vs. Metlife: Which Company is the Best Fit for You?

Quick Facts

• Looking at the national averages for auto insurance, Co-operative offers significantly cheaper prices than Metlife
• Co-operative has more affordable premiums for drivers who have less-than-stellar credit
• Metlife offers more discounts than Co-operative Insurance Companies

Co-operative vs. Metlife: Which Company has the Cheapest Car Insurance?

So, you're considering switching your auto insurance. You've probably seen commercials and billboards from companies offering hefty discounts, but exactly how much money can you save by switching?

You might have narrowed it down to Co-operative or Metlife as potential options, but between the two, which carrier has less expensive prices for insurance?

Looking at nationwide averages, Metlife has average rates that are about 60% per month more expensive than those from Co-operative.

That being said, that doesn't mean Co-operative will necessarily be cheaper than Metlife for every driver. After all, car insurance companies can offer drastically different rates to each driver depending on rating factors like your age, where you call home, your credit score, or even your driving record (among other things), so rates will vary quite a bit from person to person.

Wanting to know if Co-operative or Metlife is really the right company for you? Keep on reading to see how average premiums can change based on all of the factors we've mentioned above.

Co-operative or Metlife: Average Car Insurance Rates by State

Co-operative and Metlife only compete against each other in Vermont, where Co-operative offers the cheaper average rates. For Vermont residents, undefined offers insurance for undefined per month on average. undefined's average premiums come out to be more expensive, at undefined a month.

That being said, there's a lot more that goes into your auto insurance bill than just where you live. Read on to learn more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers typically pay a lot more for car insurance than any other group of drivers. It's generally because young, inexperienced drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

But still, even with seemingly sky-high prices, teen drivers can still find ways to save money. As you can see above, teens who use Co-operative save more than $500 a month compared to those who use Metlife.

However, both carriers will offer you dramatically lower rates by the time drivers turn 25. For example, average premiums for Co-operative policyholders decrease over $150 and Metlife's prices lower around $500 over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age normally enjoy some of the lowest auto insurance rates you can find. After all, they've likely been driving for quite some time, which usually decreases their chances of accidents and other infractions that can increase premiums.

So, which carrier offers the best prices to retired drivers? Co-operative gets the edge here, with average rates coming in at about $107 monthly compared to Metlife's $205.

Which is the Best Company for Married Drivers?

Did you know that insurance prices are normally less expensive for married couples than they are for single drivers? That's generally because married drivers tend to own and insure more than one car, which can often earn you a discount.

When it comes to relationship status, Co-operative is the clear winner for those who are single, with premiums around $269 per month more affordable than Metlife, on average. The advantage for married policyholders with Co-operative is also obvious, where drivers save more than $100 a month.

Co-operative vs. Metlife: Average Rates by Gender

Because men are more likely to get speeding tickets and get into collisions, they raise the chances of filing a claim with insurance. Therefore, men tend to get higher rates than women.

On average, women see rates nearly $10 per month cheaper with Co-operative, and about $28 less with Metlife.

Looking at overall affordability, Co-operative comes out as the most affordable option for both genders, with average premiums 58% less for men and 57% cheaper for women.

Co-operative or Metlife: 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 multiple different coverages that account for a bunch of different things. Some protect you and your vehicle, while others only provide coverage for other people's property and health if you cause an accident.

But most policies end up falling into two different types of coverage -- liability only (which covers the other party's injuries and property damage if you cause a collision) and full coverage (which usually refers to having comprehensive and collision coverages in addition to liability).

If you're looking for state minimum liability limits, Co-operative typically offers significantly more affordable prices of $65 compared to Metlife's $215. When it comes to full coverage policies with similar limits, Co-operative again has the edge, with policies around $250 a month less expensive than Metlife, on average.

Is Co-operative or Metlife Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their car insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

Tickets and collisions will most likely raise your premiums, but is Co-operative or Metlife more affordable for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Drivers with Co-operative insurance policies don't report seeing their rates increase after getting a ticket, but Metlife policyholders can expect to see their monthly bill increase by about 20%.

Even so, Co-operative has cheaper prices for drivers in both categories -- their rates are around 52% less expensive for drivers with clean records and 62% more affordable for those with a ticket.

Which Company is Best for Drivers After an Accident?

Co-operative policyholders who get in an accident can expect to see their premiums increase by 25%, while those who have insurance through Metlife will see around a 40% increase.

Overall, the less expensive prices come from Co-operative, with monthly rates averaging $140 compared to MetLife's $368.

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 a collision. Metlife drivers usually see a 55% raise in their auto insurance premiums after a DUI charge, while Co-operative will generally increase rates by about 53%.

How does Credit Score Impact Co-operative and Metlife Rates?

Did you know that many insurance companies take your credit score into account when calculating prices? This isn't always the case (for example, are two states that ban the practice entirely), but it might come into play for quite a few drivers.

The reasoning car insurance carriers 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 normally be forced to pay more.

Looking at Co-operative and Metlife specifically, which company has the best rates for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Co-operative or Metlife 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 prices. That's because the more miles you put on your vehicle each year, the more likely you are to get into an accident and cause an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Co-operative charges. However, there's a small difference in monthly rates for Metlife, with policyholders who drive the least paying around $3 less every month compared to those who drive 12,000 miles each year. Still, Co-operative is the cheaper option for drivers in both categories.

Co-operative vs. Metlife: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can have a substantial impact on your monthly auto insurance cost. Typically, policyholders who live in less densely populated rural areas will pay quite a bit less than urban drivers due to the small number of cars that are on the roads in those areas.

Co-operative boasts the cheapest average prices for drivers in all types of areas, no matter if they're urban, suburban, or rural.

If you live in a rural area, you can expect to save about $154 with Co-operative compared to Metlife. Drivers in suburban ZIP codes pay around $184 less with Co-operative compared to Metlife. In urban areas, Co-operative Insurance Companies's average premiums are about $252 less than MetLife.

Co-operative vs. Metlife 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. That's where insurance discounts comes into play.

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

Below, we've broken down all of the different discounts offered by both Co-operative and Metlife so that you can easily see which company offers the most discounts and see which ones you might be able to take advantage of.

Metlife blows Co-operative away when it comes to the sheer amount of discounts available, offering 36 different discounts to Co-operative's 15.

There are a couple discounts both companies offer, but Metlife also offers AAA discounts, academic discounts, agency transfer discounts, and more that Co-operative does not.

On the flip side, Co-operative has a couple unique discounts of its own -- discounts for getting driver training, DRL discounts, hybrid vehicle discounts, and more.

Final Thoughts: Is Co-operative or Metlife Best for You?

So, you've seen how different factors can affect your auto insurance prices. We've broken down the different discounts each company offers, too. But, when it comes down to it, which carrier is the best fit for you?

Co-operative might be best for you if....

• You're single and purchasing car insurance by yourself.
• You already have a great credit score.
• You live in a rural area.

Metlife might be best for you if...

• You are considering moving to another state -- undefined is only available in.
• You care about discounts (Metlife offers the most).

We hope this guide helps you get a better idea of the difference between Co-operative and Metlife and that you can now make a more informed decision when it comes to your 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 several carriers, not just Co-operative and Metlife. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your ZIP code below and get free quotes from dozens of top insurance companies in your area, all in just a few minutes.

Co-operative vs. Metlife FAQs

Is Co-operative or Metlife cheaper?

Looking just at the national average rates, Co-operative is the more affordable of the two carriers, offering average rates of $143 per month compared to $340 for Metlife. But Co-operative won't necessarily be the most affordable company for every driver, since there are a range of different variables that come into play when it comes to your auto insurance payment.

Who is better, Co-operative or Metlife?

Unfortunately, the only answer we can give you is "it depends.". One carrier is not "better" for each driver -- it all boils down to your unique insurance profile.

Why do Co-operative and Metlife offer me different rates?

Car insurance companies take a look at a lot of different factors when determining the premiums they charge policyholders. Things such as age, your driving record, where you park your vehicle, gender, and sometimes even things like your credit score can all come into play. Both Co-operative and Metlife calculate rates differently, so each one will most likely offer different premiums. The only real way to see which company is the lowest for you is by comparing personalized quotes from many different carriers.

How do I know if Co-operative or Metlife is right for me?

The only way to find the auto 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 makes it easy for you to do just that. Just enter your information once and you'll get free quotes from dozens of the best car insurance carriers in your area. That way, you can guarantee you're getting the cheapest premium. And who knows, the best company for you might not be Co-operative or Metlife 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.