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

Quick Facts

• In general, Concord Group offers significantly more affordable premiums than Vermont Mutual
• Concord Group offers more affordable rates for policyholders who are looking to purchase insurance with a spouse
• Vermont Mutual may help you save more money -- they offer more discounts than Concord Group Insurance

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

So, you're considering switching to 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've maybe even narrowed it down to Concord Group or Vermont Mutual for your next policy, but between the two, which company will save you the most?

As you can see, Vermont Mutual is quite a bit more expensive than Concord Group, with premiums averaging $173 a month compared to just $74 with Concord Group when looking at the national average rates for car insurance.

But that doesn't mean Concord Group will necessarily be cheaper than Vermont Mutual for each driver. Insurance carriers use a variety of complex algorithms to determine prices, so depending on where you live or how old you are (among numerous other factors), you could see wildly different premiums from the ones above.

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

Concord Group vs. Vermont Mutual: Average Car Insurance Rates by State

Concord Group and Vermont Mutual only compete against each other in three states, with Concord Group offering less expensive prices to the average driver in all of them. Maine has the most noticable difference, where Concord Group rates are $107 cheaper than car insurance premiums at Vermont Mutual.

There are plenty of other factors that go into your 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 generally pay a lot more for auto insurance than any other group of drivers. It's normally 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.

However, that doesn't mean teen drivers can't still save money on their car insurance. Just look at the table above -- where 18-year-old drivers who have Concord Group for their insurance pay almost 55% less than those who use Vermont Mutual.

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

Which is the Best Company for Retired Drivers?

When it comes to auto insurance, patience and experience pay off, with drivers around retirement age paying some of the cheapest prices out there.

So, which carrier offers the best premiums to retired drivers? Concord Group gets the edge here, with average rates coming in at around $54 per month compared to Vermont Mutual's $131.

Which is the Best Company for Married Drivers?

Did you know that insurance prices are typically more affordable for married drivers than they are for single drivers? This usually boils down to married policyholders having more than one vehicle on their policy -- something several car insurance carriers will reward with discounts.

For those who are single, the difference in average rates between these two companies is significant, with Concord Group premiums coming in at about half of Vermont Mutual's. The advantage for married couples with Concord Group is also obvious, where drivers save around $85 per month.

Concord Group or Vermont Mutual: Average Rates by Gender

Men are statistically more likely than women to get into collisions and file an insurance claim, which means they'll usually end up paying more for auto insurance than women.

Generally, men see prices nearly 15% a month higher with Concord Group, and about 8% more with Vermont Mutual.

When it comes to the most affordable premiums for each gender, Concord Group comes out on top for both men and women, with average rates $101 less for men and $97 cheaper for women.

Concord Group vs. Vermont Mutual: 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.

Car insurance isn't the easiest topic to understand. There are so many different terms and coverages that it can make it pretty confusing 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 if you cause a collision) and full coverage (which includes two additional coverages -- collision and comprehensive -- in addition to liability coverage).

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 per month to Vermont Mutual's $261.

Is Concord Group or Vermont Mutual Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their auto insurance. But that's not to say you can't save money if you don't have the best driving record, either.

You'll probably end up paying more with at-fault accidents and speeding tickets on your record, but which of these two carriers offers the lowest rates to drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Concord Group for their insurance can generally expect their monthly bill to go up about 14% after getting a speeding ticket. Vermont Mutual policyholders can expect a less drastic increase of around 6%.

However, Concord Group has less expensive prices for drivers in both categories. With Concord Group Insurance, drivers with a clean record can save about $62 a month and drivers with a ticket can save around $60 per month.

Which Company is Best for Drivers After an Accident?

Both companies will raise premiums pretty significantly if you get into an at-fault collision with Vermont Mutual increasing by about 19%. Concord Group has a less extreme increase, but you can still expect to pay nearly 35% more than you were prior to your first accident.

At the end of the day, the cheaper rates come from Concord Group, with average prices coming in at $82 compared to Vermont Mutual's $144.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge, you can expect some pretty significant increases in your monthly auto insurance bill -- typically a lot more than an accident or speeding ticket. For example, Vermont Mutual increases average premiums by nearly $200 a month -- that's more than a 60% increase.

But if you end up with a DUI charge and are looking for more affordable prices, Concord Group tends to be more affordable for the average driver, with monthly premiums coming in at around $95 to Vermont Mutual's $307.

How does Credit Score Impact Concord Group and Vermont Mutual Rates?

Often times, your credit score can be used as one of the variables to calculate your monthly car insurance rates. This isn't true for everyone (California, for example, has banned the use of credit score as an auto insurance factor) but it might come into play for lots of drivers.

Insurance carriers argue that someone with good credit is more likely to pay their bills on time, which makes them less risky to insure. Because of that, policyholders with good credit will often be rewarded with less expensive premiums.

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 Vermont Mutual Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a substantial impact on how much car insurance companies will charge for coverage. Usually, those who drive less will end up with more affordable premiums since there's less of a chance of causing a collision and filing an insurance claim.

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

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

Where you call home can play a pretty big role in how much you pay for auto insurance. Normally, policyholders who live in less densely populated rural areas will pay quite a bit less than urban drivers because of the small number of cars that are on the roads where they live.

When comparing these two carriers side-by-side, Concord Group usually comes out as the cheapest option for drivers in every type of area, no matter if it's urban, suburban, or rural.

Those in rural areas can expect to save around $86 with Concord Group compared to Vermont Mutual. People who live in suburban areas pay about $93 less with Concord Group compared to Vermont Mutual. For policyholders in urban ZIP codes, Concord Group Insurance's average premiums are around $118 less than Vermont Mutual.

Concord Group vs. Vermont Mutual Discounts

No matter why you might be in the market for a new insurance policy, you're always going to want to save as much money as you can, and the best way to do that is by utilizing as many car insurance discounts as possible.

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 can take advantage of.

Luckily, we did the hard work for you and looked at all of the different discounts Concord Group and Vermont Mutual offer their customers so that you can see which one can save you the most money each month.

Overall, Vermont Mutual has a slight advantage when it comes to total number of discounts. Concord Group offers a grand total of 13 discounts, while Vermont Mutual has 14.

There are a couple discounts both companies offer, but Vermont Mutual also offers discounts for annual mileage, distant student, driver training, and more.

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

Final Thoughts: Is Concord Group or Vermont Mutual Best for You?

So, you've seen how different factors can affect your auto insurance rates. We've shown you all the discounts each company offers, too. That's all well and good, but at the end of the day, which carrier is the best fit for you?

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

• You will be the only person on the insurance policy.
• You're looking for the best prices on liability only coverage.
• You live in a rural area.

Vermont Mutual might be best for you if...

• You want to save extra money with discounts.

Hopefully, this guide has ben a valuable resource as you compare Concord Group and Vermont Mutual and that you can now make a more informed decision when it comes to 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 several carriers, not just Concord Group and Vermont Mutual. 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 insurance companies in your area, all in just a few minutes.

Concord Group vs. Vermont Mutual FAQs

Is Concord Group or Vermont Mutual cheaper?

Concord Group is the less expensive of the two carriers when looking at national average rates, with policies averaging $74 per month with Concord Group and $173 for Vermont Mutual. Even so, that doesn't mean Concord Group will be the most affordable company for everyone, since there are lots of different variables (things like driving record, age, gender, etc.) that play a role in how much you pay.

Who is better, Concord Group or Vermont Mutual?

Unfortunately, the only answer we can give you is "it depends.". Neither carrier is "better" for everyone -- it all comes down to what your unique car insurance profile looks like.

Why do Concord Group and Vermont Mutual offer me different rates?

Auto insurance companies use many different factors when determining the premiums they charge. Things like age, where your home is, gender, your driving record, and sometimes even things like your credit score can all come into play. Both Concord Group and Vermont Mutual use different formulas, so it's likely they'll offer different prices. The best way to determine which company is the lowest for you is by comparing personalized quotes from many different carriers.

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

The only way to find the 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, 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. That way, 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 Vermont Mutual 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.