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

Quick Facts

• Based on national averages for auto insurance, Nationwide offers cheaper rates than Cumberland Mutual
• Cumberland Mutual has less expensive premiums for residents of suburban areas
• Nationwide tends to be a much more affordable option for policyholders who drive fewer than 12,000 miles yearly

Cumberland Mutual vs. Nationwide: Which Company has the Cheapest Car Insurance?

So, you're thinking about switching your auto insurance. With so many ads from all sorts of companies offering large discounts, you're probably wondering exactly how much you might be able to save.

You might have narrowed it down to Cumberland Mutual or Nationwide, but which one has less expensive prices for insurance?

As you can see, Cumberland Mutual is about $23 more per month than Nationwide when looking at the national average rates for auto insurance.

That being said, that doesn't necessarily mean Nationwide will be the more affordable option for every driver. Car insurance companies use tons of complex algorithms to calculate premiums, so depending on how old you are or how good your credit score is (among a range of other factors), you could see wildly different rates from the ones above.

Luckily, we've broken down average prices from both Cumberland Mutual and Nationwide by a range of different rate factors, so read on to find out which company is the best for you.

Cumberland Mutual or Nationwide: Average Car Insurance Rates by State

Cumberland Mutual and Nationwide only compete against each other in two states, with Cumberland Mutual offering cheaper premiums to the average driver in all of them. Pennsylvania has the most noticable difference, where Cumberland Mutual rates are over 30% more affordable than auto insurance prices at Nationwide.

But there's more to calculating insurance rates than just the state you live in. Continue reading to learn more about how other factors will affect your rates.

Which is the Best Company For Young Drivers?

You might already know that teen drivers typically pay a lot more for car insurance than any group out there on the road. It's because young, inexperienced drivers are statistically much more likely to get into accidents since they have less experience on the roads.

Even so, that doesn't mean that teen drivers have to just accept sky-high insurance premiums. As you can see above, teens who use Nationwide save $70 a month compared to those who use Cumberland Mutual.

But with both carriers, you'll see your prices reduce significantly by the time drivers turn 25. Nationwide offers the steepest drop, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. Cumberland Mutual's average rates drop more than 55% during that same period.

Which is the Best Company for Retired Drivers?

When it comes to car insurance, patience and experience pay off, with drivers around retirement age paying some of the most affordable premiums you'll ever find.

So, which carrier offers the best rates to retired drivers? Cumberland Mutual gets the slight edge here, with average premiums coming in at around $121 monthly compared to Nationwide's $125. However, that difference is less than 5%, which means it ultimately will come down to other variables, such as where you live or your credit score.

Which is the Best Company for Married Drivers?

Single policyholders tend to get offered slightly more expensive auto insurance prices than married policyholders. That's because policies for married drivers generally cover multiple cars, which several companies will offer you a discount for.

When it comes to relationship status, Nationwide is the clear winner for single drivers, with rates about $27 per month less expensive than Cumberland Mutual, on average. The advantage for married couples with Nationwide is also obvious, where drivers save over $15 a month.

Cumberland Mutual vs. Nationwide: Average Rates by Gender

Men usually pay more for insurance than women. This is because men are statistically more likely than women to get speeding tickets and get into accidents, which leads to increased risk for insurers and, therefore, higher prices.

Typically, women see premiums nearly $10 per month cheaper with Cumberland Mutual, and around $12 less with Nationwide.

Looking at overall affordability, Nationwide comes out as the lowest option for both genders. On average, women save about $24 a month and men save about $21 with Nationwide compared to the average Cumberland Mutual policyholder.

Cumberland Mutual 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.

Auto insurance can be a complicated subject for most people. Everyone needs car insurance, but there are so many different limits and coverages that it can be hard to find the right policy.

The two most common policies end up falling into two different types of coverage -- liability only (which provides property damage and bodily injury coverage for other drivers and their passengers if you cause an accident) and full coverage (which includes comprehensive and collision coverages that protect your own vehicle, in addition to what you get with liability).

In this case, Cumberland Mutual offers the most affordable average prices for state minimum limits for liability insurance, while Nationwide has the edge for full coverage policies with similar coverage limits. Drivers looking for basic state minimum coverage can save around $6 with Cumberland Mutual, while full coverage comes out to be around $50 less expensive with Nationwide.

Is Cumberland Mutual or Nationwide Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

At-fault accidents and tickets will most likely raise your rates, but is Cumberland Mutual or Nationwide cheaper for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Cumberland Mutual policyholders can expect their premiums to go up an average of $18 per month if they get a ticket, while Nationwide normally raises rates about $24 a month, on average.

But Nationwide tends to offer the best prices for drivers both with a speeding ticket and with a clean record, offering prices that are $44 and $38 more affordable, respectively, compared to Cumberland Mutual.

Which Company is Best for Drivers After an Accident?

Cumberland Mutual policyholders who get in a collision can expect to see their premiums climb by just under 10%, while those who have insurance through Nationwide will see around a 30% increase.

Overall, drivers who use Nationwide end up with the cheaper prices after an accident, with monthly prices averaging $178 compared to Cumberland Mutual's $183.

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 ticket. On average, Nationwide will climb your premiums about 46% after a DUI, while Cumberland Mutual's average rates rise by over 25%.

How does Credit Score Impact Cumberland Mutual and Nationwide Rates?

Did you know that many car insurance carriers take into account your credit score when calculating premiums? This isn't always the case (for example, California and Michigan are two states that ban the practice entirely), but it will come into play for many drivers.

The reasoning insurance companies use is that policyholders with good credit will be more likely to pay their bills on time; so they'll reward them with cheaper prices, while those with poor credit will normally be forced to pay more.

Looking specifically at Cumberland Mutual and Nationwide, which company has the best rates for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Cumberland Mutual or Nationwide 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 prices. Generally, those who drive less will end up with less expensive rates since there's less of a chance of getting into a collision and causing an insurance claim.

For both drivers who put 6,000 miles on their vehicles each year, as well as those who average twice that figure, Nationwide offers more affordable premiums than Cumberland Mutual. Nationwide's average prices for drivers with 6,000 annual miles come in around 11% cheaper than Cumberland Mutual. Those who drive 12,000 miles annually can expect to pay about 11% less with Nationwide over Cumberland Mutual.

Cumberland Mutual vs. Nationwide: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can have a sizable impact on your monthly car insurance cost. Usually, if you live in a rural area with fewer cars on the road, you'll pay a little less for auto insurance, while the opposite is true for people in urban areas.

Looking at these carriers side-by-side, Cumberland Mutual tends to offer the lowest option for drivers in rural and suburban areas, while Nationwide wins in urban areas.

In urban areas, Nationwide's average premiums are around 40% less than Cumberland Mutual. Drivers in suburban ZIP codes pay about 17% less with Cumberland Mutual compared to Nationwide. If you live in a rural area, you can expect to save around 23% with Cumberland Mutual compared to Nationwide.

Cumberland Mutual 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. That's where car insurance discounts comes into play.

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

Below, we've compared all of the different discounts offered by Cumberland Mutual and Nationwide so that you can easily see which company offers the most discounts and, therefore, the biggest savings.

Nationwide blows Cumberland Mutual away when it comes to the sheer amount of discounts available, offering 22 different discounts to Cumberland Mutual's 15.

A couple of those are overlapping for things like discounts for being a defensive driver, discounts for getting driver training, employee discounts, and multi-policy discounts. Nationwide also offers advance quote discounts, agency transfer discounts, EFT discounts, and more that Cumberland Mutual does not.

On the flip side, Cumberland Mutual has a couple unique discounts of its own -- ABS discounts, new business discounts, paid in full discounts, and more.

Final Thoughts: Is Cumberland Mutual or Nationwide Best for You?

So, we've broken down the average rates for many of the factors auto insurance companies look at, and we've shown you all the discounts each carrier offers. But, when it comes down to it, which insurance company is the right fit for you?

Nationwide might be best for you if....

• You have a DUI charge on your record.
• Your credit score is high.
• You're married and plan to have both of your names on the vehicle's car insurance policy.

Cumberland Mutual might be best for you if...

• Your home is located in the suburbs.
• Your neighborhood is in a rural area.
• You are over 65 years old and want to save some money on your auto insurance.

We hope this guide has ben a valuable resource as you compare Cumberland Mutual and Nationwide and that it aids in making a more informed decision about 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 car insurance -- comparing quotes from a handful of carriers, not just Cumberland Mutual and Nationwide. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code below and get multiple quotes from some of the best insurance companies in your area, all for free.

Cumberland Mutual vs. Nationwide FAQs

Is Cumberland Mutual or Nationwide cheaper?

Looking just at the national average prices, Nationwide is the less expensive of the two carriers, offering average rates of $170 per month compared to $193 for Cumberland Mutual. Even so, Nationwide won't necessarily be the cheapest carrier for every policyholder, since there are a variety of different variables (things like driving record, age, gender, etc.) that play a role in how much you pay.

Who is better, Cumberland Mutual or Nationwide?

Sadly, the only answer we can give you is "it depends.". No one company is necessarily "better" for each driver -- it all boils down to your unique auto insurance profile. For example, Nationwide offers more affordable premiums for single policyholders, while Cumberland Mutual is cheaper for drivers who have already retired.

Why do Cumberland Mutual and Nationwide offer me different rates?

Insurance companies take a look at quite a few different factors when determining the rates they charge drivers. Things such as where you call home, age, gender, where your home is, and sometimes even things like your credit score can all be used. Both Cumberland Mutual and Nationwide calculate prices differently, so each one will most likely offer different rates. The only real way to see which carrier is the lowest for you is by comparing personalized quotes from multiple different carriers.

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

The only way to find the car insurance company that's right for you is by getting quotes from several companies 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 free quotes from dozens of the best auto insurance carriers in your area. With those, you can guarantee you're getting the most affordable price. And who knows, the best carrier for you might not be Cumberland Mutual 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.