Concord Group vs. Metlife: Which Company is the Best Fit for You?

Quick Facts

• In general, Concord Group offers significantly less expensive premiums than Metlife
• Concord Group offers cheaper average prices for policyholders who are looking to purchase insurance with a spouse
• Metlife may help you save more money -- they offer more discounts than Concord Group Insurance

Concord Group or Metlife: Which Company has the Cheapest Car Insurance?

Are you in the market for a new insurance policy? You've probably seen commercials and billboards from companies offering huge savings, but exactly how much money can you save by switching?

You might have narrowed your search down to Concord Group or Metlife as potential options, but which one has more affordable premiums for car insurance?

Looking at the national average rates for both carriers, Metlife has average rates that are around 80% a month more expensive than those from Concord Group.

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

Wanting to know if Concord Group or Metlife is really the right carrier for you? Keep on reading to see how average rates can change based on all of the factors we've mentioned above.

Concord Group vs. Metlife: Average Car Insurance Rates by State

Concord Group and Metlife only compete against each other in three states, with Concord Group offering more affordable prices to the average driver in all of them. New Hampshire has the most noticable difference, where Concord Group premiums are $187 cheaper than car insurance rates at Metlife.

There are plenty of other factors that go 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 out there on the road. It's because teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

But that doesn't mean that teen drivers have to just accept sky-high auto insurance premiums. Just look at the table above -- where 18-year-old drivers who have Concord Group for their car insurance pay over 85% less than those who use Metlife.

Even so, both carriers will lower rates by the time drivers turn 25. For example, average prices for Concord Group policyholders reduce about $80 and Metlife's premiums drop more than $500 over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll normally enjoy the lowest auto insurance rates you'll ever find. You've been on the road for years, and all that experience pays off when it comes to your monthly prices for car insurance.

But who has the best premiums for retired drivers between Concord Group and Metlife? Concord Group gets the edge here, with average rates coming in at around $54 monthly compared to Metlife's $205.

Which is the Best Company for Married Drivers?

Married policyholders tend to get slightly more affordable insurance prices than single policyholders. That's because policies for married couples usually cover multiple vehicles, which a lot of companies will give you a discount for.

For those who are single, the difference in average rates between these two carriers is significant, with Concord Group premiums coming in at about a quarter of Metlife's. For married drivers, the advantage is clear again - Concord Group has the edge when it comes to average prices.

Concord Group or Metlife: Average Rates by Gender

You may not know, but men generally pay more for car insurance than women do. That's because women are less likely to get tickets and get into accidents, which lowers the chances of filing a claim with insurance.

On average, men see premiums around $10 per month higher with Concord Group, and about $30 with Metlife.

Looking at overall affordability, Concord Group comes out as the cheapest option for both genders. On average, male drivers save about $275 a month and women save around $257 with Concord Group compared to the average Metlife policyholder.

Concord Group vs. 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 isn't the easiest topic to understand. Everyone needs insurance, but there are so many different terms and coverages that it can be hard to find the right policy for you.

That being said, the most common policies that drivers look at fall into two categories -- liability coverage (which provides property damage and bodily injury coverage for other drivers and passengers if you cause a collision) and full coverage (which includes two additional coverages -- collision and comprehensive -- in addition to what you get with liability coverage).

Looking specifically at state minimum limits for liability insurance, Concord Group has the significant edge, with average monthly rates coming in at $47. If you want a full coverage policy with the same state minimum limits, Concord Group again has the edge, with policies averaging about $101 per month to Metlife's $466.

Is Concord Group or Metlife Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from car 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 company -- Concord Group or Metlife -- has the most affordable prices for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Concord Group for their auto insurance can typically expect their monthly bill to go up around 14% after getting a speeding ticket. Metlife policyholders can expect a bit more drastic of an increase of about 21%.

But Concord Group has cheaper rates for drivers in both categories, offering premiums that are 75% and 77% less expensive, respectively, compared to MetLife.

Which Company is Best for Drivers After an Accident?

Concord Group drivers who get in an accident can expect to see their prices climb by over $25, while those who have insurance through Metlife will see around a $150 increase.

At the end of the day, the cheaper rates come from Concord Group, with average premiums coming in at $82 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. On average, Metlife will climb your prices about 55% after a DUI, while Concord Group's average premiums rise by more than 40%.

How does Credit Score Impact Concord Group and Metlife Rates?

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

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

Looking specifically at Metlife and Concord Group, which company has the best prices for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Concord Group or Metlife Better for Drivers who Work from Home or Have Short Commutes?

Did you know that the amount of time you spend in your car have a big impact on how much insurance carriers will charge for coverage? Normally, the more milage you put on your car each year, the more you can expect to pay for car insurance.

Concord Group tends to be the more affordable option for both remote workers and those taking short commutes. Metlife's average premiums for drivers with 6,000 annual miles come in around 78% more expensive than Concord Group. Those who drive 12,000 miles yearly can expect to pay about 78% more with Metlife over Concord Group.

Concord Group or Metlife: Compare Rates for Urban, Suburban, and Rural Drivers

Where your home is can have a substantial impact on your monthly insurance payment. Typically, if you live in a rural area with fewer cars on the road, you'll pay a little less for auto insurance, while the opposite is true for people in urban areas.

Concord Group tends to offer the lowest rates for drivers in all areas, regardless of if they're urban, suburban, or rural.

For drivers in urban ZIP codes, Concord Group Insurance's average prices are around 79% less than MetLife. People who live in suburban areas pay about 77% less with Concord Group compared to Metlife. Those in rural areas can expect to save around 78% with Concord Group compared to Metlife.

Concord Group vs. Metlife Discounts

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

The challenging part is finding all of the discounts you qualify for, since it can feel sometimes like every carrier has different discounts and each one is advertised differently.

Luckily, we did the hard work for you and looked at all of the different discounts Concord Group and Metlife offer their customers so that you can easily see which company offers the most discounts and, therefore, the largest savings.

Metlife knocks Concord Group out of the park when it comes to the sheer number of discounts available, offering 23 more discounts than Concord Group.

A couple of those are overlapping for things like discounts for being a defensive driver, group discounts, and multi-policy discounts. Metlife also offers discounts for AAA, academic, agency transfer, and more.

On the other hand, Concord Group has a few proprietary discounts of their own for things like advance quote discounts, COVID-19 relief discount, paperless discounts, and more.

Final Thoughts: Is Concord Group or Metlife Best for You?

So, we've broken down the average premiums for many of the variables insurance companies look at, and walked through the different discounts each company offers, too. But, at the end of the day, which insurance carrier is the right fit for you?

Concord Group might be best for you if....

• You have an at-fault collision on your record.
• Your credit score is high.
• You're of retirement age and want to take advantage of lower rates.

Metlife might be best for you if...

• You're planning on moving to another state soon -- undefined only offers policies in.
• You're looking for the company with the most discounts.

Hopefully, this guide helps you get a good idea of the differences between Concord Group and Metlife. We also hope we've given you the information you need to make the best 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 a handful of carriers, not just Concord Group and Metlife. Luckily, sites like Compare.com make it easy for you to do just that. Simply enter your ZIP codes below and get multiple free quotes from some of the best insurance companies in your area, all in just a few minutes.

Concord Group vs. Metlife FAQs

Is Concord Group or Metlife cheaper?

Concord Group is the less expensive of the two carriers when looking at national average prices, with policies averaging $74 a month with Concord Group and $340 for Metlife. However, that doesn't mean Concord Group will be the cheapest carrier for each policyholder, since there are a variety of different factors (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, Concord Group or Metlife?

Unfortunately, the answer truly is "it depends.". One company is not necessarily "better" for everyone -- it all depends on what your unique auto insurance profile looks like.

Why do Concord Group and Metlife offer me different rates?

Car insurance companies use quite a few different variables when calculating the premiums they charge. Factors like where you call home, where you park your vehicle, gender, age, and sometimes even things like your credit score can all come into play. Both Concord Group and Metlife calculate rates using different variables, so it's likely they'll offer different prices. The best way to determine which carrier is the most affordable for you is by comparing personalized quotes from several different carriers.

How do I know if Concord Group or Metlife is right for me?

The only way to find the insurance company that's right for you is by getting quotes from multiple companies and finding the one best suited for your individual budget. Luckily, Compare.com does all the hard work for you. Just enter your area information and you'll get quotes from dozens of your local top auto insurance carriers for free. With those, you can guarantee you're getting the lowest price. And maybe you'll find that the best carrier for you isn't Concord Group or Metlife 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.