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

Quick Facts

• Based on national averages for car insurance, State Farm offers less expensive premiums than Cumberland Mutual
• Cumberland Mutual offers cheaper average rates for policyholders who live in rural neighborhoods
• State Farm tends to be a much more affordable option for policyholders who drive fewer than 6,000 miles yearly

Cumberland Mutual or State Farm: Which Company has the Cheapest Car Insurance?

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

You might have narrowed it down to Cumberland Mutual or State Farm, but which carrier will offer you less expensive prices?

Looking at nationwide averages, State Farm has average rates that are around 18% a month more affordable than those from Cumberland Mutual.

That being said, that doesn't necessarily mean State Farm will be the cheaper option for each driver. Insurance carriers use a ton of complex algorithms to determine premiums, so depending on how old you are or how good your credit score is (among a variety of other factors), you could see wildly different rates from the ones above.

Wanting to know if Cumberland Mutual or State Farm is really the right company for you? Keep on reading to see how average premiums can change based on all of the factors we've mentioned above.

Cumberland Mutual vs. State Farm: Average Car Insurance Rates by State

Cumberland Mutual and State Farm only compete against each other in two states, with State Farm offering less expensive rates to the average driver in all of them. Maryland has the most noticable difference, where State Farm prices are $19 more affordable than auto insurance premiums at Cumberland Mutual.

There's a lot more that goes into your car insurance payment than just the state you live in. Read on to learn more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers normally pay a lot more for auto insurance than any group out there on the road. The reason is that teen drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

But that doesn't mean that teen drivers have to just accept sky-high car insurance prices. For example, 18-year-old drivers pay an average of over 20% less per month by choosing State Farm over Cumberland Mutual.

However, with both companies, you'll see your rates reduce significantly by the time drivers turn 25. State Farm offers the steepest decrease, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. Cumberland Mutual's average premiums lower more than 55% during that same period.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll generally enjoy the cheapest insurance prices you'll ever find. You've been on the road for years, and all that experience pays off when it comes to your monthly rates for auto insurance.

When looking at Cumberland Mutual and State Farm specifically, which carrier is best for retired drivers? State Farm gets the slight edge, with prices for drivers 65 and older $10 cheaper than the national average for Cumberland Mutual.

Which is the Best Company for Married Drivers?

Did you know that insurance premiums are usually more expensive for single policyholders than they are for married couples? That's because policies for married policyholders typically cover more than one vehicle, which lots of carriers will give you a discount for.

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

Cumberland Mutual or State Farm: Average Rates by Gender

Women usually to pay less for car insurance than men. That's because men are more likely to get speeding tickets and get into accidents, which increases the chances of filing a claim with insurance.

Typically, men see rates about $10 a month higher with Cumberland Mutual, and around $10 with State Farm.

Looking at overall affordability, State Farm comes out as the lowest option for both genders. On average, male drivers save about $33 per month and women save about $36 with State Farm compared to the average Cumberland Mutual policyholder.

Cumberland Mutual vs. State Farm: 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 auto insurance can be a complicated subject for most people. There are so many different limits and terms that it can make it pretty confusing to find the right policy for you.

Even so, the most common policies that drivers look at fall into two categories -- liability coverage (which provides bodily injury and property damage coverage for other drivers and passengers if you cause a collision) and full coverage (which includes two additional coverages -- collision and comprehensive -- in addition to liability).

Looking specifically at state minimum limits for liability insurance, State Farm has the slight edge, with average monthly premiums coming in at $99. If you want a full coverage policy with the same state minimum limits, State Farm again has the edge, with policies averaging around $216 a month to Cumberland Mutual's $280.

Is Cumberland Mutual or State Farm 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 rates, but is Cumberland Mutual or State Farm more affordable for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Cumberland Mutual for their car insurance can normally expect their monthly bill to go up about 10% after getting a speeding ticket. State Farm policyholders can expect a bit more drastic of an increase of around 14%.

However, State Farm has cheaper prices for drivers in both categories, offering rates that are 21% and 17% less expensive, respectively, compared to Cumberland Mutual.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their insurance through Cumberland Mutual can expect to see about an $14 -- or around 8% -- rise in their auto insurance prices. Drivers who use State Farm for their car insurance will see a monthly bill about $29 (or 18%) more expensive after reporting an accident to their insurance company.

At the end of the day, the more affordable premiums come from State Farm, with average prices coming in at $163 compared to Cumberland Mutual's $183.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single collision or ticket when it comes to your auto insurance bill. For example, Cumberland Mutual increases average premiums by nearly $65 per month -- that's more than a 25% increase.

How does Credit Score Impact Cumberland Mutual and State Farm Rates?

Did you know many car insurance carriers take your credit score into account when determining rates? 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 many drivers.

Auto insurance companies 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 prices.

So, which carrier 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 Cumberland Mutual or State Farm 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 coverage.

For both remote workers and those taking short commutes, State Farm offers cheaper prices than Cumberland Mutual. State Farm's average premiums for drivers with 6,000 annual miles come in over 20% more affordable than Cumberland Mutual. Those who drive 12,000 miles every year can expect to pay more than 15% less with State Farm over Cumberland Mutual.

Cumberland Mutual or State Farm: Compare Rates for Urban, Suburban, and Rural Drivers

Where your home is can play a big role in how much you pay for car insurance. Generally, policyholders who live in less densely populated rural areas will pay quite a bit less than urban drivers due to the small number of vehicles that are on the roads where they live.

Cumberland Mutual tends to offer the lowest option for drivers in rural and suburban areas, while State Farm wins in urban areas.

In urban areas, State Farm's average prices are around $185 while Cumberland Mutual offers premiums about $330. Drivers in suburban ZIP codes pay around $132 with Cumberland Mutual compared to State Farm's $161 a month. If you live in a rural area, you can expect to pay about $116 monthly with Cumberland Mutual compared to State Farm's $127.

Cumberland Mutual vs. State Farm Discounts

You want to save as much money as you can, right? The best way to do that is by taking advantage of as many insurance discounts as possible.

The challenging part is finding all of the discounts you can take advantage of, since it can feel sometimes like every carrier has different discounts and each one is advertised differently.

Luckily, we did the hard work for you and compared all of the different discounts offered by Cumberland Mutual and State Farm so that you can find the one that has the most discounts and, therefore, the largest savings.

State Farm blows Cumberland Mutual away when it comes to the sheer amount of discounts available, offering 23 different discounts to Cumberland Mutual's 15.

Both carriers offer lots of the same discounts -- like anti-theft discounts, distant student discounts, discounts for getting driver training, and multi-policy discounts -- but State Farm also offers discounts for annual mileage, drive safe & save, DRL, and more.

On the other hand, Cumberland Mutual has a few proprietary discounts of their own for things like employee discounts, new business discounts, new vehicle discounts, and more.

Final Thoughts: Is Cumberland Mutual or State Farm Best for You?

You've seen the effect certain variables have on your car insurance and the different discounts companies offer. But, at the end of the day, is Cumberland Mutual or State Farm the right company for you and your specific profile and needs?

State Farm might be best for you if....

• You've received a ticket for speeding recently and don't want to see your rates rise.
• You want to save extra money with discounts.
• You and your spouse are buying insurance together.

Cumberland Mutual might be best for you if...

• Your neighborhood is in the suburbs.
• Your neighborhood is in a rural area.

Hopefully, this guide has ben a valuable resource as you compare Cumberland Mutual and State Farm 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 insurance policy is to compare quotes from multiple carriers, not just Cumberland Mutual and State Farm. Luckily, sites like Compare.com make it easy for you to do just that. Simply enter your ZIP codes below and get free quotes from dozens of top auto insurance companies in your area, all in just a few minutes.

Cumberland Mutual vs. State Farm FAQs

Is Cumberland Mutual or State Farm cheaper?

State Farm is the less expensive of the two carriers when looking at national average premiums, with policies averaging $158 a month with State Farm and $193 for Cumberland Mutual. Even so, that doesn't mean State Farm will be the cheapest company for each policyholder, since there are several different factors (things like age, driving record, gender, etc.) that play a role in how much you pay.

Who is better, Cumberland Mutual or State Farm?

Sadly, the answer truly is "it depends.". One carrier is not necessarily "better" for every policyholder -- it all comes down to what your unique car insurance profile looks like. For example, Cumberland Mutual is cheaper for drivers who have less-than-stellar credit scores, while State Farm offers less expensive rates for policyholders with an at-fault accident on their record.

Why do Cumberland Mutual and State Farm offer me different rates?

Insurance companies use several different variables when calculating the prices they charge. Things like gender, where you live, age, your driving record, and sometimes even things like your credit score can all be used. Both Cumberland Mutual and State Farm calculate premiums using different factors, so it's likely they'll offer different prices. The best way to determine which company is the most affordable for you is by comparing personalized quotes from multiple different carriers.

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

The only way to find the car insurance carrier that's right for you is by getting quotes from several 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 Cumberland Mutual or State Farm 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.