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

Quick Facts

• Based on national averages for car insurance, Concord Group offers significantly more affordable prices than Nationwide
• Concord Group tends to be a much cheaper option for policyholders who drive a short distance to work everyday
• Nationwide offers more discounts than Concord Group Insurance

Concord Group vs. Nationwide: Which Company has the Cheapest Car Insurance?

Are you considering a new insurance policy? With so many ads from all sorts of companies offering big discounts, you're probably wondering exactly how much you might be able to save.

You might be considering Concord Group or Nationwide for your next policy, but between the two, which one has less expensive premiums for insurance?

Looking at nationwide averages, Nationwide is quite a bit more expensive than Concord Group, with prices averaging $170 per month compared to just $74 with Concord Group.

Even so, Concord Group may not be the most affordable or best option for every single driver out there. Auto insurance companies use all sorts of complex algorithms to calculate rates, so depending on how old you are or how clean your driving record is (among quite a few other factors), you could see wildly different prices from the ones above.

Luckily, we've broken down average premiums from both Concord Group and Nationwide by many different rate factors, so read on to find out which carrier is the best for you.

Concord Group or Nationwide: Average Car Insurance Rates by State

Concord Group and Nationwide only compete against each other in two states, with Concord Group offering more affordable rates to the average driver in all of them. New Hampshire has the most noticable difference, where Concord Group prices are over 70% less expensive than car insurance premiums at Nationwide.

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

Which is the Best Company For Young Drivers?

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

That being said, that doesn't mean teen drivers can't still save money on their car insurance. As you can see above, teens who use Concord Group save nearly $250 a month compared to those who use Nationwide.

However, with both carriers, you'll see your rates lower significantly by the time drivers turn 25. For example, average premiums for Concord Group policyholders reduce more than 50% and Nationwide's prices decrease over 60% over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll usually enjoy the lowest 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 car insurance.

But who has the best rates for retired drivers between Concord Group and Nationwide? Concord Group gets the edge, with prices for drivers 65 and older more than 55% cheaper than the national average for Nationwide.

Which is the Best Company for Married Drivers?

You may not be aware, but insurance premiums tend to be more expensive for those who are single than they are for married couples. That's because policies for married drivers typically cover several cars, which quite a few companies will offer you a discount for.

When it comes to relationship status, Concord Group is the clear winner for single drivers, with rates about $111 per month less expensive than Nationwide, on average. The advantage for married policyholders with Concord Group is also obvious, where drivers save over $75 a month.

Concord Group vs. Nationwide: Average Rates by Gender

Men are statistically more likely than women to get into accidents and file an insurance claim. That means when it comes to auto insurance men will generally end up paying a little more.

Normally, men see prices around $10 per month higher with Concord Group, and about $12 more with Nationwide.

Looking at the data for each company specifically, Concord Group offers the cheapest average premiums for both men and women. On average, male drivers save about $97 a month and women save around $95 with Concord Group compared to the average Nationwide policyholder.

Concord Group or Nationwide: 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.

It's no secret that car insurance can be pretty complicated. There are so many different limits and coverages that it can make it pretty confusing to find the right policy.

The two most common policies that many drivers look at fall into two categories -- liability only (which covers the other party's injuries and property damage if you cause an accident) and full coverage (which usually refers to having comprehensive and collision coverages alongside liability coverage).

If you're looking for state minimum liability insurance, Concord Group normally offers significantly more affordable prices of $47 compared to Nationwide's $112. When it comes to full coverage policies with similar limits, Concord Group again has the edge, with policies about $150 per month cheaper than Nationwide, on average.

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

You've probably seen plenty of commercials from insurance carriers offering great rates 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 collisions and tickets lead to higher prices, but which carrier -- Concord Group or Nationwide -- has the most affordable premiums for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Concord Group policyholders can expect their rates to go up an average of $9 a month if they get a ticket, while Nationwide generally raises prices around $24 per month, on average.

But Concord Group tends to offer the best prices for both drivers who have clean records and those with a recent speeding ticket, offering premiums that are 56% and 57% less expensive, respectively, compared to Nationwide.

Which Company is Best for Drivers After an Accident?

Concord Group drivers who get in a collision can expect to see their rates rise by over $25, while those who have insurance through Nationwide will see about a $55 increase.

Overall, drivers who use Concord Group end up with the cheaper prices after an accident, with monthly premiums averaging $82 compared to Nationwide's $178.

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. On average, Nationwide will raise your rates around 46% after a DUI, while Concord Group's average prices increase by over 40%.

How does Credit Score Impact Concord Group and Nationwide Rates?

Did you know that many auto insurance companies take your credit score into account when calculating premiums? This isn't always the case (Massachusetts, for example, has banned the use of credit score as a rating factor) but it does affect lots of policyholders out there.

Car insurance carriers argue that those with poor credit scores are less likely to pay their bills on time each month, which increases the risk involved on their end, while the opposite is true for those with good credit.

So, which company offers the best rates for drivers with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Concord Group or Nationwide 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 considerable impact on how much insurance companies will charge for coverage? That's because the fewer miles you put on your vehicle each year, the less likely you are to get into a collision and cause an insurance claim.

For both drivers who put 6,000 miles on their vehicles every year, as well as those who average twice that figure, Concord Group tends to be the more affordable option. Concord Group's average prices for drivers with 6,000 annual miles come in about $97 cheaper than Nationwide. Those who drive 12,000 miles yearly can expect to pay around $96 less with Concord Group over Nationwide.

Concord Group vs. Nationwide: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can play a pretty big role in how much you pay for auto insurance. Typically, policyholders who live in less densely populated rural areas will pay quite a bit less than urban drivers because there are a lot fewer cars on the road in those areas, which reduces the chances of an accident.

Concord Group boasts the cheapest average rates for drivers in all types of areas, no matter if they're urban, suburban, or rural.

Policyholders in rural ZIP codes see the lowest prices from both carriers, but Concord Group comes out on top with average premiums about $66 a month. Concord Group also has more affordable average prices for drivers in urban and suburban ZIP codes -- a 59% and 52% a month respective difference when compared to Nationwide policyholders in similar areas.

Concord Group vs. Nationwide Discounts

Regardless of why you might be in the market for a new insurance policy, you're always going to want to save as much money as possible, and the best way to do that is by utilizing as many car insurance discounts as you can.

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

In the section below, we've broken down all of the different discounts offered by both Concord Group and Nationwide so that you can easily see which company offers the most discounts and, therefore, the biggest savings.

Nationwide blows Concord Group away when it comes to the sheer amount of discounts available, offering nine more discounts than Concord Group.

A couple of those are overlapping for things like anti-theft discounts, group discounts, and life policy discounts. Nationwide also offers agency transfer discounts, distant student discounts, driver training discounts, and more that Concord Group does not.

On the flip side, Concord Group has a couple unique discounts of its own -- ABS discounts, COVID-19 relief discount, discounts for insuring multiple cars with the same company, and more.

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

So, we've broken down the average rates for many of the factors insurance companies look at, and walked through the different discounts each company offers, too. That's all well and good, but when it comes down to it, which insurance carrier is the best fit for you?

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

• You're single and purchasing auto insurance by yourself.
• Your home is in a busy urban area.
• You are over 65 years old and want to save some money on your car insurance.

Nationwide might be best for you if...

• You're thinking about moving to another state -- undefined only offers policies in.
• You're looking for discounts -- Nationwide has the most.

We hope this guide helps you get a good idea of the differences between Concord Group and Nationwide. We also hope we've given you the information you need to make the best decision when it comes to your 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 auto insurance -- comparing quotes from a handful of carriers, not just Concord Group and Nationwide. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code below and get free quotes from dozens of top car insurance companies in your area, all in just a few minutes.

Concord Group vs. Nationwide FAQs

Is Concord Group or Nationwide cheaper?

Looking just at the national average prices, Concord Group is the less expensive of the two carriers, offering average rates of $74 per month compared to $170 for Nationwide. That being said, Concord Group won't necessarily be the cheapest company for each driver, since there are several different variables (things like age, driving record, gender, etc.) that play a role in how much you pay.

Who is better, Concord Group or Nationwide?

Sadly, the real answer is "it depends.". Neither carrier is "better" for every driver -- it all comes down to what your unique auto insurance profile looks like.

Why do Concord Group and Nationwide offer me different rates?

Insurance companies take a look at several different factors when determining the premiums they charge drivers. Things like your driving record, gender, age, where you call home, and sometimes even things like your credit score can all be taken into consideration. Both Concord Group and Nationwide use different formulas, so each one will most likely offer different rates. The only real way to see which company is the most affordable for you is by comparing personalized quotes from a range of different carriers.

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

The only way to find the car 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 Compare.com make it easy for you to do just that. Just enter your area information and you'll get free quotes from dozens of the best auto insurance carriers in your area. That way, you can guarantee you're getting the lowest price. And who knows, the best company for you might not be Concord Group or Nationwide 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.