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

Wondering if Concord Group or Mmg is the best insurance carrier for you, your vehicle, and your wallet? We've broken down all the premiums and discounts for both companies to help you make a more informed decision. Read on to learn more.
Newly insured car driving down the road
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Quick Facts

  • In general, Concord Group offers significantly cheaper prices than Mmg
  • Concord Group has less expensive rates for policyholders who live in the suburbs
  • Concord Group tends to be a much more affordable option for drivers who have a speeding ticket on their driving record

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

So, you're considering switching to a new insurance policy. With so many ads from all sorts of companies offering huge savings, you're probably wondering exactly how much you might be able to save.

You've maybe even narrowed it down to Concord Group or Mmg as your top options, but which company has less expensive prices for auto insurance?

Concord Group Mmg

Looking at the national average rates for both carriers, Concord Group is quite a bit cheaper than Mmg, with rates averaging $74 a month compared to $118 with Mmg.

But Concord Group may not be the lowest or best option for every driver out there. Insurance companies use a ton of complex algorithms to determine premiums, so depending on how old you are or how good your credit score is (among a multitude of other factors), you could see wildly different prices from the ones above.

Luckily, we've broken down average rates from both Concord Group and Mmg by several different rate factors, so read on to find out which company is the best for you.

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

State Concord Group Mmg

Concord Group and Mmg only compete against each other in two states, with Concord Group offering cheaper premiums to the average driver in all of them. New Hampshire has the most noticable difference, where Concord Group rates are $57 more affordable than auto insurance premiums at Mmg.

But there's more to calculating car insurance prices than just the state you live in. Read on to find out more.

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Which is the Best Company For Young Drivers?

Concord Group Mmg
18-year-old drivers$155$253
25-year-old drivers$74$123

Young drivers -- especially teens -- generally pay a lot for auto insurance compared to older drivers. It's usually because teen drivers are statistically much more likely to get into an accident that results in an insurance claim, making them much riskier to insure.

That being said, that doesn't mean that teen drivers have to just accept sky-high car insurance premiums. Just look at the table above -- where 18-year-old drivers who have Concord Group for their insurance pay almost 40% less than those who use Mmg.

However, with both carriers, you'll see your rates reduce significantly by the time drivers turn 25. Mmg offers the steepest drop, with 25-year-olds paying less than half what 18-year-old drivers are charged. That being said, Concord Group still has the most affordable prices at $74 per month.

Which is the Best Company for Retired Drivers?

Concord Group Mmg
65+-year-old drivers$54$83

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

When looking at Concord Group and Mmg specifically, which carrier is best for retired drivers? Concord Group gets the edge here, with average prices coming in at around $54 monthly compared to Mmg's $83.

Which is the Best Company for Married Drivers?

Concord Group Mmg

You may not be aware, but car insurance rates tend to be cheaper for married policyholders than they are for single drivers. That's because policies for married couples typically cover several vehicles, which lots of companies will give you a discount for.

For single policyholders, the difference in average prices between these two carriers is significant, with Concord Group premiums coming in at a third less than Mmg's. The advantage for married drivers with Concord Group is also obvious, where drivers save over 40% per month.

Concord Group or Mmg: Average Rates by Gender

Concord Group Mmg

Because women are less likely to get into accidents and get speeding tickets, they run a lower risk of filing a claim with insurance. So, insurance companies will tend to charge women less than men.

With Concord Group, women usually pay about $10 a month less than men, and around $17 less with Mmg.

Looking at the data for each company specifically, Concord Group comes out as the lowest option for both genders. On average, male drivers save about $48 per month and women save about $41 with Concord Group compared to the average Mmg policyholder.

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Concord Group vs. Mmg: Compare State Minimum vs. Full Coverage Rates

Concord Group Mmg
State Minimum*$47$77
Full Coverage**$101$160

*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 limits that it can be hard to find the right policy for you.

Even so, 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 their passengers if you cause a collision) and full coverage (which normally refers to having collision and comprehensive coverages in addition to what you get with liability).

Looking specifically at state minimum liability limits, Concord Group has the significant edge, with average monthly prices 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 around $101 a month to Mmg's $160.

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

It's no secret -- drivers with good records end up getting the best deals on their car 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 collisions and speeding tickets lead to higher rates, but which carrier -- Concord Group or Mmg -- has the most affordable premiums for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Concord Group Mmg
Clean Record$55$90
1 Speeding Ticket$64$111

Policyholders who use Concord Group for their insurance can typically expect their monthly bill to go up about 14% after getting a speeding ticket. Mmg policyholders can expect a bit more drastic of an increase of around 19%.

However, Concord Group is generally the less expensive option for both drivers who have clean records and those with a recent ticket -- their rates are around 39% more affordable for drivers with clean records and 42% less expensive for those with a ticket.

Which Company is Best for Drivers After an Accident?

Concord Group Mmg
Clean Record$55$90
1 At-Fault Accident$82$122

After an accident, drivers who have their car insurance through Concord Group can expect to see about an $27 -- or around 33% -- rise in their auto insurance rates. Drivers who use Mmg for their insurance will see a monthly bill about $32 (or 26%) more expensive after reporting an accident to their car insurance company.

At the end of the day, the more affordable prices come from Concord Group, with average premiums coming in at $82 compared to MMG Insurance's $122.

Which Company is Best for Drivers with a DUI?

Concord Group Mmg
Clean Record$55$90
1 DUI$95$151

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. For example, Mmg increases average prices by more than $60 per month -- that's more than a 40% increase.

But if you end up with a DUI charge and are looking for more affordable premiums, Concord Group tends to be cheaper for the average driver, with monthly premiums coming in at around $95 to Mmg's $151.

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How does Credit Score Impact Concord Group and Mmg Rates?

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

The reasoning car insurance companies use is that policyholders with bad credit will be less likely to pay their bills on time; so typically, they'll be asked to pay more, while those with good credit will be rewarded with more affordable premiums.

Looking at Concord Group and Mmg specifically, which carrier has the best rates for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

Concord Group Mmg
Excellent Credit Score$59$76
Good Credit Score$66$94

If you have a great credit score, Concord Group will normally reward you the most. For policyholders with "excellent" credit scores, Concord Group comes in over 22.37 cheaper. Drivers with "good" credit scores generally save about 30% with Concord Group compared to average prices from Mmg.

Which Company is Best for Drivers with Bad Credit?

Concord Group Mmg
Fair Credit Score$74$118
Poor Credit Score$97$186

Concord Group typically offers lower premiums than Mmg when it comes to drivers with bad credit. Drivers with "fair" credit pay around 37% a month less with Concord Group compared to Mmg, and those with "poor" scores usually save an average of about 48% a month.

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

Concord Group Mmg
6,000 Annual Miles$73$118
12,000 Annual Miles$75$118

How much you drive can have a substantial impact on how much auto insurance carriers will charge for coverage. That's because the more milage you drive, the more likely you are to be in an accident and file an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Mmg charges. However, there's a small difference in monthly prices for Concord Group, with policyholders who drive 6,000 miles annually paying around $2 less every month compared to those who drive 12,000 miles each year. Still, for drivers in both categories, Concord Group is the less expensive carrier.

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

We've already mentioned how your home state can play a role in how much you pay for insurance, but the type of area you live in can have a large impact as well. Typically, if you live in an urban area with more cars on the road, you'll pay a little more for auto insurance, while the opposite is true for people in rural areas.

Concord Group Mmg
Urban Areas$81$120
Suburban Areas$76$131
Rural Areas$66$104

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

For drivers in urban ZIP codes, Concord Group Insurance's average prices are about 33% less than MMG Insurance. People who live in suburban areas pay around 42% less with Concord Group compared to Mmg. Those in rural areas can expect to save about 37% with Concord Group compared to Mmg.

Concord Group vs. Mmg Discounts

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

But where do you even start? With so many discounts out there, it may seem challenging to find all the of the ones you're eligible for.

Luckily, we did the hard work for you and compared all of the different discounts offered by Concord Group and Mmg so that you can easily see which company offers the most discounts and, therefore, the largest savings.

Concord Group Mmg
ABS Discount 
Advance Quote Discount 
Anti-Theft Discount 
Covid-19 Relief Discount 
Defensive Driver Discount
Distant Student Discount 
EZ-Pay Credit Discount 
Good Student Discount 
Group Discount 
Life Policy Discount 
Multi-Car Discount 
Multi-Policy Discount
New Business Discount
Paperless Discount 
Renewal Discount 
Safe Car Discount 
Welcome Back Discount 

Concord Group knocks Mmg out of the park when it comes to the sheer number of discounts available, offering 13 different discounts to Mmg's seven.

There are a couple discounts both carriers offer, but Concord Group also offers discounts for ABS, advance quote, anti-theft, and more.

On the other hand, Mmg has a few proprietary discounts of their own for things like distant student discounts, ez-pay credit discounts, good student discounts, and more.

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

You've seen the role certain variables have on your insurance and the different discounts companies offer. That's all well and good, but when it comes down to it, which carrier is the right one for you, your vehicle, and your wallet?

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

  • You have a clean driving record, free of accidents, tickets, or DUIs.
  • You care about discounts (Concord Group offers the most).
  • You drive fewer than 6,000 miles yearly.

Mmg might be best for you if...

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

Hopefully, this guide helps you get a good idea of the differences between Concord Group and Mmg. We also hope we've given you the information you need to make the best 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 Concord Group and Mmg. Luckily, 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 insurance companies in your area, all in just a few minutes.

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Concord Group vs. Mmg FAQs

Is Concord Group or Mmg cheaper?

Concord Group is the more affordable of the two carriers when looking at national average rates, with policies averaging $74 per month with Concord Group and $118 for Mmg. But that doesn't mean Concord Group will be the cheapest company for every 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 Mmg?

Sadly, the answer truly is "it depends.". Neither carrier is necessarily "better" for each policyholder -- it all depends on the makeup of your unique car insurance profile.

Why do Concord Group and Mmg offer me different rates?

Insurance companies use quite a few different variables when calculating the prices they charge. Factors such as gender, where you call home, age, your driving record, and sometimes even things like your credit score can all be used. Both Concord Group and Mmg calculate rates differently, so it's likely they'll offer different premiums. The best way to determine which company is the lowest for you is by comparing personalized quotes from lots of different carriers.

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

The only way to find the auto insurance carrier that's right for you is by getting quotes from multiple companies and finding the one best suited for your individual budget. Luckily, sites like make it easy for you to do just that. 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 best premium. And maybe you'll find that the best company for you isn't Concord Group or Mmg at all, but another you hadn't even thought of!


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.

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