Country Financial vs. Hanover: Which Company is the Best Fit for You?

Quick Facts

• Based on national averages for car insurance, Country Financial offers significantly more affordable prices than Hanover
• Country Financial has less expensive premiums for drivers with a DUI
• Hanover may help you save more money -- they offer more discounts than COUNTRY Financial

Country Financial or Hanover: Which Company has the Cheapest Car Insurance?

So, you're thinking about switching to a new insurance policy. After all, you've seen ads from all sorts of companies offering hefty savings. But exactly how much can you save by switching?

You've maybe even narrowed it down to Country Financial or Hanover as your top options, but which carrier has cheaper prices for insurance?

Looking at the national average rates for both carriers, Hanover has average rates that are around 85% a month more expensive than those from Country Financial.

That being said, that doesn't mean Country Financial will necessarily be less expensive than Hanover for every single driver. After all, auto insurance companies can offer drastically different rates to every driver depending on rating factors like your age, your credit score, where you call home, or even your driving record (among other things). So, at the end of the day, premiums from each carrier will differ quite a bit from person to person.

Wanting to know if Country Financial or Hanover is really the right company for you? Keep on reading to see how average rates can change based on all of the factors we've mentioned above.

Country Financial vs. Hanover: Average Car Insurance Rates by State

Country Financial and Hanover only compete against each other in one states, with Country Financial offering more affordable prices to the average driver in all of them. Illinois has the most noticable difference, where Country Financial premiums are 1293 cheaper than car insurance rates at Hanover.

There are plenty of other factors that go into your auto insurance cost than just your home state. Keep reading to find out more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- usually pay a lot for insurance compared to older drivers. Typically, that's because teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

Even so, that doesn't mean teen drivers can't still save money on their car insurance. As you can see above, teens who use Country Financial save over 85% per month compared to those who use Hanover.

However, with both carriers, you'll see your premiums decrease significantly by the time you turn 25. For example, average rates for Country Financial policyholders drop more than 45% and Hanover's prices lower over 60% over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age normally enjoy some of the most affordable insurance premiums out there. After all, they've likely been driving for quite some time, which generally decreases their chances of collisions and other infractions that can raise rates.

But who has the best prices for retired drivers between Country Financial and Hanover? Country Financial gets the edge, with premiums for drivers 65 and older $508 more affordable than the national average for Hanover.

Which is the Best Company for Married Drivers?

You may not be aware, but auto insurance prices tend to be less expensive for married policyholders than they are for those who are single. That's because policies for married couples usually cover multiple vehicles, which lots of companies will give you a discount for.

For single policyholders, the difference in average rates between these two carriers is significant, with Country Financial prices coming in at about a quarter of Hanover's. For married drivers, the advantage is clear again - Country Financial has the edge when it comes to average premiums.

Country Financial or Hanover: Average Rates by Gender

You may not know, but car insurance is typically more expensive for men than for women. That's because women are less likely to get speeding tickets and get into collisions, which lowers the chances of filing a claim with insurance.

With Country Financial, men generally pay around $3 a month more than women, and about $60 more with Hanover.

Looking at overall affordability, Country Financial comes out on top for both men and women, with average rates 84% less for men and 83% cheaper for women.

Country Financial vs. Hanover: 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.

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

But the most common policies that drivers look at fall into two categories -- liability coverage (which covers the other party's property damage and injuries if you cause a collision) and full coverage (which normally refers to having collision and comprehensive coverages alongside what you get with a liability policy).

Looking specifically at state minimum liability insurance, Country Financial has the significant edge, with average monthly premiums coming in at $82. If you want a full coverage policy with the same state minimum limits, Country Financial again has the edge, with policies averaging around $194 per month to Hanover's 1196.

Is Country Financial or Hanover Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from auto insurance companies offering great prices 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 accidents lead to higher rates, but which carrier -- Country Financial or Hanover -- has the cheapest prices for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Country Financial for their car insurance can typically expect their monthly bill to go up about 23% after getting a speeding ticket. Hanover policyholders can expect a bit more drastic of an increase of around 26%.

That being said, Country Financial has cheaper premiums for drivers in both categories. With COUNTRY Financial, drivers with a clean record can save about $512 a month and drivers with a ticket can save around $702 per month.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their insurance through Country Financial can expect to see about an $42 -- or around 29% -- rise in their auto insurance rates. Drivers who use Hanover for their insurance will see a monthly bill about $326 (or 35%) more expensive after reporting an accident to their auto insurance company.

At the end of the day, drivers who use Country Financial end up with the cheaper prices after an accident, with average prices coming in at $147 compared to Hanover Insurance's $943.

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 speeding ticket or even a collision. For example, Hanover increases average rates by nearly $400 a month -- that's nearly a 40% increase.

But if you end up with a DUI charge and are looking for more affordable premiums, Country Financial tends to be less expensive for the average driver, with monthly premiums coming in at around $165 to Hanover's 1013.

How does Credit Score Impact Country Financial and Hanover Rates?

Did you know many car insurance carriers take into account your credit score when determining rates? This isn't true for everyone (Michigan, for example, has banned the use of credit score as an auto insurance factor) but it does affect many drivers out there.

Insurance companies argue that those with good credit scores are more likely to pay their bills on time every month, which lowers the risk involved on their end, while the opposite is true for those with bad credit.

Looking at Country Financial and Hanover specifically, which company has the best prices for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have great credit, Country Financial will normally reward you the most. For drivers with "excellent" credit scores, Country Financial comes in more than 47.27 more affordable. Drivers with "good" credit scores usually save about 77% with Country Financial compared to average premiums from Hanover.

Which Company is Best for Drivers with Bad Credit?

Country Financial typically offers lower prices than Hanover when it comes to drivers with bad credit. Drivers with "fair" credit pay around 85% per month less with Country Financial compared to Hanover, and those with "poor" scores generally save an average of about 90% monthly.

Is Country Financial or Hanover 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 premiums. Typically, the more milage you put on your car each year, the more you can expect to pay for auto insurance.

For both remote workers and those taking short commutes, Country Financial offers cheaper rates than Hanover. Country Financial's average prices for drivers with 6,000 annual miles come in around $715 less expensive than Hanover. Those who drive 12,000 miles each year can expect to pay about $714 less with Country Financial over Hanover.

Country Financial or Hanover: 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 car insurance, but the type of area you live in can have a big impact as well. Generally, those who live in urban areas will pay more than policyholders in rural areas since there are a lot more vehicles on the roads where they live.

Country Financial boasts the lowest average premiums 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 pay around $109 a month with Country Financial and $750 with Hanover. Drivers in suburban ZIP codes pay a monthly price of about $131 with Country Financial compared to $842 with Hanover. For drivers in urban ZIP codes, Country Financial's average rates are around $175 while Hanover offers prices about $966.

Country Financial vs. Hanover Discounts

No matter why you might be in the market for a new auto insurance policy, you're always going to want to save as much money as you can. That's where car insurance discounts comes into play.

But where do you even start? With what seems like a million different discounts out there, it may be difficult to find all the ones you can take advantage of.

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

Hanover blows Country Financial away when it comes to the sheer amount of discounts available, offering 11 more discounts than Country Financial.

Both carriers offer a lot of the same discounts -- like discounts for being a defensive driver, discounts for being a good student, and group discounts -- but Hanover also offers discounts for ABS, advance quote, annual mileage, and more.

On the other hand, Country Financial has a few proprietary discounts of their own for things like occupation discounts, simply drive discounts, and telematics discounts.

Final Thoughts: Is Country Financial or Hanover Best for You?

You've seen the role certain variables have on your insurance and the different discounts companies offer. But, when it comes down to it, is Country Financial or Hanover the right one for you and your specific driver profile?

Country Financial might be best for you if....

• You've been pulled over for speeding recently.
• You and your spouse are buying auto insurance together.

Hanover might be best for you if...

• You care about discounts (Hanover offers the most).

Hopefully, this guide helps you get a good idea of the differences between Country Financial and Hanover. We also hope we've given you the information you need to make the best decision about your car insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your insurance policy is to compare quotes from a handful of carriers, not just Country Financial and Hanover. Luckily, sites like Compare.com make it easy for you to do just that. Simply enter your ZIP code below and get free quotes from dozens of the top auto insurance companies in your area, all in just a few minutes.

Country Financial vs. Hanover FAQs

Is Country Financial or Hanover cheaper?

Country Financial is the cheaper of the two carriers when looking at national average premiums, with policies averaging $138 a month with Country Financial and $853 for Hanover. However, that doesn't mean Country Financial will be the cheapest company for every driver, since there are lots of different factors that are considered when it comes to your insurance payment.

Who is better, Country Financial or Hanover?

Unfortunately, the real answer is "it depends.". No single carrier is necessarily "better" for each policyholder -- it all comes down to what your unique car insurance profile looks like.

Why do Country Financial and Hanover offer me different rates?

Insurance companies use a lot of different variables when calculating the rates they charge. Things such as where you call home, where you park your car, age, gender, and sometimes even things like your credit score can all be taken into consideration. Both Country Financial and Hanover calculate prices differently, so it's likely they'll offer different premiums. The best way to determine which company is the most affordable for you is by comparing personalized quotes from a range of different carriers.

How do I know if Country Financial or Hanover 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, 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 car 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 Country Financial or Hanover 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.