Cumberland Mutual vs. Maryland Automobile: Which Company is the Best Fit for You?

Quick Facts

• Based on national averages for insurance, Cumberland Mutual offers significantly more affordable rates than Maryland Automobile
• Cumberland Mutual may help you save more money -- they offer more discounts than Maryland Automobile Insurance Fund
• Cumberland Mutual tends to be a much less expensive option for single people who will be the only person on the auto insurance policy

Cumberland Mutual or Maryland Automobile: 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 substantial savings, but exactly how much money can you save by switching?

You've maybe even narrowed your search down to Cumberland Mutual or Maryland Automobile, but between the two, which one will offer you cheaper premiums?

Looking at nationwide averages, Cumberland Mutual is around $63 a month less expensive than Maryland Automobile.

Even so, that doesn't necessarily mean Cumberland Mutual will be the cheaper option for every driver. After all, car insurance carriers can offer drastically different rates to every driver depending on rating factors like where you call home, your driving record, your age, or even your credit score (among other things), so rates could differ drastically from person to person.

So, if you want to find out which of Cumberland Mutual or Maryland Automobile is really the best for you, keep reading to see average prices for each company broken down by a bunch of different rate factors.

Cumberland Mutual vs. Maryland Automobile: Average Car Insurance Rates by State

Cumberland Mutual and Maryland Automobile only compete against each other in Maryland, where Cumberland Mutual offers the cheaper average premiums. Cumberland Mutual drivers tend to pay about $10 per month less on average compared to drivers who use Maryland Automobile for their insurance.

There's a lot more that goes into your auto insurance payment than just the state you live in. Keep reading to learn more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers usually pay a lot more for insurance than any other group of drivers out there on the road. It's because teen drivers are statistically much more likely to get into an accident that results in an auto insurance claim, making them much riskier to insure.

However, that doesn't mean that teen drivers have to just accept sky-high car insurance prices. As you can see above, teens who use Maryland Automobile save 15% a month compared to those who use Cumberland Mutual.

But both companies will drop rates once you turn 25. Maryland Automobile offers the steepest reduction, with 25-year-olds paying a third less what 18-year-old drivers are charged. That being said, Cumberland Mutual still has the most affordable premiums at $196 per month.

Which is the Best Company for Retired Drivers?

When it comes to insurance, patience and experience pay off, with drivers around retirement age paying some of the cheapest prices you can find.

But who has the best rates for retired drivers between Cumberland Mutual and Maryland Automobile? Cumberland Mutual gets the edge here, with average premiums coming in at about $121 a month compared to Maryland Automobile's $224.

Which is the Best Company for Married Drivers?

You may not be aware, but car insurance prices tend to be more expensive for single policyholders than they are for married couples. That's because policies for married policyholders normally cover multiple vehicles, which many carriers will give you a discount for.

For single drivers, the difference in average premiums between these two companies is significant, with Cumberland Mutual rates coming in at a quarter less than Maryland Automobile's. The advantage is also clear for married drivers - Cumberland Mutual offers the lowest average prices.

Cumberland Mutual or Maryland Automobile: Average Rates by Gender

Because women are less likely to get tickets and get into accidents, they have a lower chance of filing a claim with insurance. So, women tend to get cheaper rates than men.

Generally, men see rates around 5% per month higher with Cumberland Mutual, but with Maryland Automobile, the difference is closer to 6% a month.

When it comes to the most affordable premiums for each gender, Cumberland Mutual comes out as the cheapest option for both genders. On average, women save about $59 per month and men save about $67 with Cumberland Mutual compared to the average Maryland Automobile policyholder.

Cumberland Mutual vs. Maryland Automobile: 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 car insurance, but there are so many different limits and terms that it can be hard to find the right policy for you.

That being said, most policies that drivers look at fall into two categories -- liability coverage (which covers the other party's injuries and property damage if you cause a collision) and full coverage (which includes collision and comprehensive coverages that protect your own car, alongside what you get with a liability policy).

Looking specifically at state minimum limits for liability insurance, Cumberland Mutual has the significant edge, with average monthly rates coming in at $106. If you want a full coverage policy with the same state minimum limits, Cumberland Mutual again has the edge, with policies averaging around $280 a month to Maryland Automobile's $343.

Is Cumberland Mutual or Maryland Automobile Better for Drivers with Spotty Records?

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

Collisions and speeding tickets will most likely raise your premiums, but is Cumberland Mutual or Maryland Automobile more affordable for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders with Maryland Automobile auto insurance policies don't report seeing their prices increase after getting a ticket, but Cumberland Mutual policyholders can expect to see their monthly bill increase by about $20.

However, Cumberland Mutual has cheaper premiums for drivers in both categories, offering rates that are $51 and $33 less expensive, respectively, compared to Maryland Automobile Insurance Fund.

Which Company is Best for Drivers After an Accident?

Cumberland Mutual drivers who get in an accident can expect to see their prices increase by just under 10%, while those who have insurance through Maryland Automobile will see around a 20% increase.

At the end of the day, drivers who use Cumberland Mutual end up with the cheaper prices after an accident, with average rates coming in at $183 compared to Maryland Automobile Insurance Fund's $281.

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. On average, Maryland Automobile will increase your prices about 27% after a DUI, while Cumberland Mutual's average premiums rise by more than 25%.

But if you end up with a DUI charge and are looking for more affordable rates, Cumberland Mutual tends to be more affordable for the average driver, with monthly premiums coming in at around $233 to Maryland Automobile's $301.

How does Credit Score Impact Cumberland Mutual and Maryland Automobile Rates?

In many cases, your credit score can come into play when carriers determine your monthly bill. 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 quite a few policyholders.

The reasoning 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 premiums, while those with poor credit will typically be forced to pay more.

Looking specifically at Maryland Automobile and Cumberland Mutual, which company has the best prices for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have a great credit score, Cumberland Mutual will generally reward you the most. For drivers with "excellent" credit scores, Cumberland Mutual comes in nearly 42.58 less expensive. Drivers with "good" credit scores normally save about 39% with Cumberland Mutual compared to average premiums from Maryland Automobile.

Which Company is Best for Drivers with Bad Credit?

If you have a below average credit score, it can be somewhat of a toss-up as far as which company offers you the best rates. Drivers with "fair" credit pay around 29% less with Cumberland Mutual than Maryland Automobile, but those whose credit is considered "poor" have it flipped -- saving about 11% per month with Maryland Automobile.

Is Cumberland Mutual or Maryland Automobile 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 large impact on your monthly car insurance bill? That's because the more milage you put on your vehicle, 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 Maryland Automobile charges. However, there's a small difference in monthly prices for Cumberland Mutual, with drivers who put 6,000 miles on their car each year paying around $1 less every month compared to those who drive 12,000 miles annually. Still, for drivers in both categories, Cumberland Mutual is the cheaper carrier.

Cumberland Mutual or Maryland Automobile: Compare Rates for Urban, Suburban, and Rural Drivers

Where your home is can have a big impact on your monthly auto insurance cost. Generally, policyholders who live in heavily-populated urban areas will pay quite a bit more than rural drivers because of the number of vehicles that are on the roads where they live.

Cumberland Mutual tends to offer the most affordable rates for drivers in all types of areas, no matter if they're urban, suburban, or rural.

Those in rural areas can expect to save about $46 with Cumberland Mutual compared to Maryland Automobile. People who live in suburban areas pay around $65 less with Cumberland Mutual compared to Maryland Automobile. For policyholders in urban ZIP codes, Cumberland Mutual's average prices are about $78 less than Maryland Automobile Insurance Fund.

Cumberland Mutual vs. Maryland Automobile 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 taking advantage of as many car insurance discounts as possible.

But with what seems like a million different discounts out there, it can be difficult to find all the ones you can take advantage of or to nail down the carrier that has the most discounts for your unique driver profile.

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

Cumberland Mutual blows Maryland Automobile away when it comes to the sheer amount of discounts available, offering 13 more discounts than Maryland Automobile.

Both carriers offer lots of the same discounts -- like discounts for being a good driver and paid in full discounts -- but Cumberland Mutual also offers discounts for ABS, anti-theft, defensive driver, and more.

Maryland Automobile's discounts come through just two categories -- Good Driving and Paid In Full.

Final Thoughts: Is Cumberland Mutual or Maryland Automobile Best for You?

So, you've seen how different variables can affect your auto insurance rates. We've broken down the different discounts each company offers, too. But, at the end of the day, which insurance carrier is the right carrier for you, your vehicle, and your wallet?

Cumberland Mutual might be best for you if....

• You will be the only person on the insurance policy.
• Your credit score is high.
• You drive fewer than 12,000 miles yearly.

Maryland Automobile might be best for you if...

• You want to save money while purchasing auto insurance for a teenager.

Hopefully, this guide helps you get a good idea of the differences between Cumberland Mutual and Maryland Automobile. 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 multiple companies, not just Cumberland Mutual and Maryland Automobile. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your ZIP code below and get free quotes from dozens of top car insurance carriers in your area, all in just a few minutes.

Cumberland Mutual vs. Maryland Automobile FAQs

Is Cumberland Mutual or Maryland Automobile cheaper?

Cumberland Mutual is the more affordable of the two companies when looking at national average premiums, with policies averaging $193 a month with Cumberland Mutual and $256 for Maryland Automobile. Even so, that doesn't mean Cumberland Mutual will be the lowest company for each policyholder, since there are a range of different factors that come into play when it comes to your auto insurance payment.

Who is better, Cumberland Mutual or Maryland Automobile?

Unfortunately, the real answer is "it depends.". One carrier is not necessarily "better" for everyone -- it all depends on what your unique car insurance profile looks like. For example, Maryland Automobile is less expensive for drivers who have less-than-stellar credit scores, while Cumberland Mutual offers cheaper rates for drivers with an at-fault collision on their record.

Why do Cumberland Mutual and Maryland Automobile offer me different rates?

Auto insurance carriers use a lot of different variables when determining the prices they charge. Factors like your driving record, gender, age, where you call home, and sometimes even things like your credit score can all be used. Both Cumberland Mutual and Maryland Automobile calculate premiums using different variables, so it's likely they'll offer different prices. The best way to determine which company is the cheapest for you is by comparing personalized quotes from several different companies.

How do I know if Cumberland Mutual or Maryland Automobile is right for me?

The only way to find the insurance carrier that's right for you is by getting quotes from a handful of carriers and finding the one best suited for your individual budget. Luckily, sites like Compare.com do all the hard work for you. Just enter your area information and you'll get quotes from dozens of your local top auto insurance companies for free. With those, you can guarantee you're getting the most affordable rate. And maybe you'll find that the best company for you isn't Cumberland Mutual or Maryland Automobile 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.