Depositors vs. Grange: Which Company is the Best Fit for You?

Quick Facts

• In general, Depositors offers significantly less expensive premiums than Grange
• Depositors tends to be a much cheaper option for policyholders who live in rural neighborhoods
• Grange may help you save more money -- they offer more discounts than Depositors Insurance Company

Depositors or Grange: Which Company has the Cheapest Car Insurance?

Are you considering a new insurance policy? You've probably seen commercials and billboards from companies offering large savings, but exactly how much money can you save by switching?

You've maybe even narrowed your search down to Depositors or Grange, but which company has more affordable prices for insurance?

As you can see, Grange is quite a bit more expensive than Depositors, with premiums averaging $249 a month compared to just $148 with Depositors when looking at the national average rates for auto insurance.

However, that doesn't mean Depositors will necessarily be cheaper than Grange for every driver. Insurance carriers vary their rates depending on things like where you live, how old you are, how clean your driving record is, how good your credit score is, and all sorts of other factors, so prices could vary drastically from person to person.

So, if you want to find out which of Depositors or Grange is really the best for you, keep reading to see average premiums for each company broken down by many different rate factors.

Depositors vs. Grange: Average Car Insurance Rates by State

Depositors and Grange only compete against each other in one states, with Grange offering less expensive rates to the average driver in all of them. Idaho has the most noticable difference, where Grange prices are $14 more affordable than car insurance rates at Depositors.

There are plenty of other factors that go into your auto insurance bill than just the state you live in. Keep reading to find out more.

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 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 still, even with seemingly sky-high prices, teen drivers can still find ways to save money. Just look at the table above -- where 18-year-old drivers who have Depositors for their auto insurance pay almost 45% less than those who use Grange.

Even so, both companies will lower premiums once you turn 25. Grange offers the steepest decrease, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. That being said, Depositors still has the cheapest rates at $132 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 most affordable prices out there.

But who has the best premiums for retired drivers between Depositors and Grange? Depositors gets the edge here, with average prices coming in at around $111 a month compared to Grange's $200.

Which is the Best Company for Married Drivers?

Did you know that car insurance rates are generally more expensive for single drivers than they are for married couples? This usually boils down to married drivers having more than one vehicle on their policy -- something quite a few auto insurance carriers will reward with discounts.

For those who are single, the difference in average premiums between these two companies is significant, with Depositors rates coming in at about half of Grange's. The advantage for married policyholders with Depositors is also obvious, where drivers save around $75 per month.

Depositors or Grange: Average Rates by Gender

Did you know women tend to pay less for insurance than men? This is because men are statistically more likely than women to get into a collision or get pulled over for speeding, which leads to increased risk for insurers and, therefore, higher prices.

With Depositors, women normally pay about 6% a month less than men, but with Grange, the difference is closer to 5% per month.

When it comes to the lowest premiums for each gender, Depositors comes out on top for both men and women, with average rates $103 less for men and $100 cheaper for women.

Depositors vs. Grange: 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 car insurance can be a complicated subject for most people. There are several different coverages that account for multiple different things. Some protect you and your car, while others only provide coverage for other people's property and health if you cause an accident.

But most policies end up falling into two different types of coverage -- 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, in addition to what you get with liability coverage).

Looking specifically at state minimum liability limits, Depositors has the significant edge, with average monthly prices coming in at $84. If you want a full coverage policy with the same state minimum limits, Depositors again has the edge, with policies averaging around $211 a month to Grange's $313.

Is Depositors or Grange 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.

It's no secret secret that speeding tickets and collisions lead to higher premiums, but which carrier -- Depositors or Grange -- has the cheapest prices for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Depositors for their insurance can usually expect their monthly bill to go up about 18% after getting a speeding ticket. Grange policyholders can expect a bit more drastic of an increase of around 23%.

That being said, Depositors tends to offer the best prices for both drivers who have a recent ticket and those with clean records. With Depositors Insurance Company, drivers with a clean record can save about $74 per month and drivers with a speeding ticket can save around $105 a month.

Which Company is Best for Drivers After an Accident?

Both carriers will raise rates pretty significantly if you get into an at-fault collision with Grange increasing by about 32%. Depositors has a less extreme increase, but you can still expect to pay more than 30% more than you were prior to your first accident.

At the end of the day, the cheaper premiums come from Depositors, with average rates coming in at $157 compared to Grange Insurance's $266.

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 -- normally a lot more than an accident or ticket. Grange drivers usually see a 43% increase in their car insurance premiums after a DUI charge, while Depositors will generally climb prices by around 46%.

But if you end up with a DUI charge and are looking for more affordable rates, Depositors tends to be less expensive for the average driver, with monthly premiums coming in at about $198 to Grange's $314.

How does Credit Score Impact Depositors and Grange Rates?

In many cases, your credit score can be used as one of the variables to determine your monthly insurance premiums. Certain states and companies do not allow for credit score to be used as a car insurance factor, but it might come into play for many drivers.

Auto insurance carriers 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 specifically at Grange and Depositors, which one has the most affordable prices for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Depositors or Grange Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a big impact on your monthly rates. Usually, those who drive fewer miles 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 Depositors charges. However, there's a small difference in monthly prices for Grange, with drivers who put 6,000 miles on their vehicle annually paying around $2 less each month compared to those who drive 12,000 miles every year. Still, for drivers in both categories, Depositors is the less expensive company.

Depositors or Grange: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can have a considerable impact on your monthly car insurance payment. Typically, those who live in rural areas will pay less than drivers in urban areas because of the small number of cars that are on the roads where they live.

When comparing these two companies side-by-side, Depositors generally comes out as the most affordable option for drivers in every type of area, no matter if it's urban, suburban, or rural.

For policyholders in urban ZIP codes, Depositors Insurance Company's average prices are about $118 less than Grange Insurance. People who live in suburban areas pay around $96 less with Depositors compared to Grange. Those in rural areas can expect to save about $90 with Depositors compared to Grange.

Depositors vs. Grange Discounts

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

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're eligible for.

Luckily, we did the hard work for you and looked at all of the different discounts Depositors and Grange offer their customers so that you can see which carrier can save you the most money each month.

Grange blows Depositors away when it comes to the sheer amount of discounts available, offering 11 more discounts than Depositors.

There are a couple discounts both carriers offer, but Grange also offers discounts for ABS, advanced safety feature, agency transfer, and more.

On the other hand, Depositors has a few proprietary discounts of their own for things like advance quote discounts, EFT discounts, homeowner discounts, and more.

Final Thoughts: Is Depositors or Grange Best for You?

So, we've broken down the average premiums for many of the factors car insurance companies look at, and we've shown you all the discounts each carrier offers. That's all well and good, but at the end of the day, which company is the best one for you, your vehicle, and your wallet?

Depositors might be best for you if....

• You have received a ticket within the last few years.
• You live in an suburban area.
• You live in a rural area.

Grange might be best for you if...

• You're looking for the carrier with the most discounts.

Hopefully, this guide has ben a valuable resource as you compare Depositors and Grange. We also hope we've given you the information you need to make the best decision when it comes to 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 auto insurance -- comparing quotes from multiple carriers, not just Depositors and Grange. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code below and get multiple free quotes from some of the best car insurance companies in your area, all in just a few minutes.

Depositors vs. Grange FAQs

Is Depositors or Grange cheaper?

Depositors is the cheaper of the two carriers when looking at national average rates, with policies averaging $148 per month with Depositors and $249 for Grange. Even so, that doesn't mean Depositors will be the cheapest company for everyone, since there are a range of different variables that are considered when it comes to your insurance cost.

Who is better, Depositors or Grange?

Sadly, the real answer is "it depends.". Neither carrier is "better" for each policyholder -- it all depends on what your unique auto insurance profile looks like.

Why do Depositors and Grange offer me different rates?

Insurance companies use lots of different factors when determining the prices they charge. Variables such as age, your driving record, gender, where you call home, and sometimes even things like your credit score can all be used. Both Depositors and Grange use different formulas, so it's likely they'll offer different rates. The best way to determine which company is the lowest for you is by comparing personalized quotes from a variety of different carriers.

How do I know if Depositors or Grange 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, 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 carriers for free. With those, you can guarantee you're getting the best rate. And maybe you'll find that the best company for you isn't Depositors or Grange 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.