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

Quick Facts

• Looking at the national averages for auto insurance, Trustgard Auto offers slightly more affordable premiums than Depositors
• Depositors may help you save more money -- they offer more discounts than Trustgard Auto Insurance
• Trustgard Auto offers less expensive average rates for policyholders who drive fewer than 12,000 miles yearly

Depositors or Trustgard Auto: 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 Depositors or Trustgard Auto, but between the two, which carrier will offer you cheaper premiums?

Looking at nationwide averages, Depositors is around $11 more a month than Trustgard Auto.

However, that doesn't necessarily mean Trustgard Auto will be the more affordable option for every single driver. After all, insurance carriers can offer drastically different rates to every driver depending on rating factors like your credit score, your age, where you call home, or even your driving record (among other things), so prices could vary drastically from person to person.

Wanting to know if Depositors or Trustgard Auto 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.

Depositors vs. Trustgard Auto: Average Car Insurance Rates by State

Depositors and Trustgard Auto only compete against each other in one states, with Trustgard Auto offering cheaper prices to the average driver in all of them. Indiana has the most noticable difference, where Trustgard Auto rates are $20 less expensive than auto insurance premiums at Depositors.

There's a lot more that goes into your car insurance cost than just your home state. 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. That's generally because teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

But still, even with seemingly sky-high prices, teen drivers can still find ways to save money. For example, 18-year-old drivers pay an average of over 15% less per month by choosing Depositors over Trustgard Auto.

But with both companies, you'll see your premiums lower significantly by the time drivers turn 25. For example, average rates for Depositors policyholders reduce about $200 and Trustgard Auto's premiums decrease almost $250 over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll usually enjoy the most affordable 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 car insurance.

When looking at Depositors and Trustgard Auto specifically, which carrier is best for retired drivers? Trustgard Auto gets the edge, with premiums for drivers 65 and older $15 cheaper than the national average for Depositors.

Which is the Best Company for Married Drivers?

Married policyholders tend to get slightly more affordable auto insurance rates than single policyholders. That's because policies for married couples typically cover multiple vehicles, which lots of carriers will give you a discount for.

For single drivers, the difference in average prices between these two companies is not very significant, with Trustgard Auto rates coming in at around 1% less than Depositors's. But for married drivers, the advantage is clear - Trustgard Auto offers the cheapest average premiums.

Depositors or Trustgard Auto: Average Rates by Gender

Men are statistically more likely than women to get into a collision or get pulled over for speeding, which means they'll generally end up paying more for car insurance than women.

Normally, men see prices about 6% a month higher with Depositors, and around 6% with Trustgard Auto.

Looking at the data for each company specifically, Trustgard Auto offers the lowest average premiums for both men and women. On average, male drivers save about $10 per month and women save about $10 with Trustgard Auto compared to the average Depositors policyholder.

Depositors vs. Trustgard Auto: 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 insurance can be pretty complicated. Everyone needs car insurance, but there are so many different limits and coverages that it can be hard to find the right policy for you.

The two most common policies that drivers look at fall into two categories -- liability coverage (which provides property damage and bodily injury coverage for other drivers and passengers if you cause an accident) and full coverage (which includes two additional coverages -- collision and comprehensive -- alongside liability coverage).

Looking specifically at state minimum limits for liability insurance, Trustgard Auto has the slight edge, with average monthly prices coming in at $79. If you want a full coverage policy with the same state minimum limits, Trustgard Auto again has the edge, with policies averaging around $196 a month to Depositors's $211.

Is Depositors or Trustgard Auto Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from auto insurance carriers offering great rates 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 at-fault collisions and speeding tickets lead to higher prices, but which carrier -- Depositors or Trustgard Auto -- has the cheapest rates for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Depositors for their insurance can typically expect their monthly bill to go up about 18% after getting a speeding ticket. Trustgard Auto policyholders can expect a bit more drastic of an increase of around 34%.

If you have gotten a ticket, Depositors tends to offer the best premiums at about 12% less expensive, while Trustgard Auto has the edge for drivers with a clean record.

Which Company is Best for Drivers After an Accident?

Both companies will raise rates pretty significantly if you get into an at-fault collision with Depositors climbing by around 32%. Trustgard Auto has a less extreme climb, but you can still expect to pay more than 25% more than you were prior to your first accident.

At the end of the day, the more affordable premiums come from Trustgard Auto, with average prices coming in at $133 compared to Depositors Insurance Company's $157.

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 speeding ticket when it comes to your auto insurance bill. For example, Depositors increases average premiums by more than $90 per month -- that's over a 45% increase.

But if you end up with a DUI charge and are looking for more affordable prices, Trustgard Auto tends to be less expensive for the average driver, with monthly premiums coming in at about $171 to Depositors's $198.

How does Credit Score Impact Depositors and Trustgard Auto Rates?

You may not realized it, but your credit score can come into play when carriers determine your monthly bill. This isn't true for everyone (for example, Massachusetts and Michigan are two states that ban the practice entirely), but it might come into play for a lot of drivers.

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 cheaper rates.

Looking specifically at Trustgard Auto and Depositors, which one has the best prices for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have solid credit, Trustgard Auto will usually reward you the most. For policyholders with "excellent" credit scores, Trustgard Auto comes in NaN less expensive. Drivers with "good" credit scores normally save around 4% with Trustgard Auto compared to average premiums from Depositors.

Which Company is Best for Drivers with Bad Credit?

Trustgard Auto typically offers lower rates than Depositors when it comes to drivers with less-than-stellar credit. Drivers with "fair" credit pay about 10% a month less with Trustgard Auto compared to Depositors, and those with "poor" scores generally save an average of around 8% monthly.

Is Depositors or Trustgard Auto 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 sizable impact on your monthly prices? Typically, those who drive less will end up with cheaper premiums since there's less of a chance of causing a collision and filing an insurance claim.

In this case, neither Depositors or Trustgard Auto report increasing rates for drivers with higher annual mileage figures. Even so, Trustgard Auto comes out as the lowest for drivers at both intervals, whether they put 6,000 or 12,000 miles on their car annually, with average prices of $137 per month for both.

Depositors or Trustgard Auto: 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 considerable impact as well. Normally, drivers who live in less densely populated rural areas will pay quite a bit less than urban policyholders since there are a lot fewer vehicles on the road where they live, which reduces the chances of an accident.

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

In urban areas, Trustgard Auto's average rates are about $147 a month compared to Depositors's $174. Drivers in suburban ZIP codes pay around $132 with Trustgard Auto compared to Depositors's $139 a month. If you live in a rural area, you can expect to pay about $130 per month with Depositors and $134 with Trustgard Auto.

Depositors vs. Trustgard Auto 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.

But where do you even start? With so many discounts out there, it may seem difficult to find all the of the ones you qualify for.

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

Overall, Depositors comes out ahead with 17 discounts to Trustgard Auto's 16.

A couple of those are overlapping for things like discounts for being a defensive driver, distant student discounts, and intra-agency transfer discounts. Depositors also offers discounts for EFT, employee discount, good driving, and more.

On the other hand, Trustgard Auto has a few proprietary discounts of their own for things like advanced safety feature discounts, anti-theft discounts, company car discounts, and more.

Final Thoughts: Is Depositors or Trustgard Auto Best for You?

So, you've seen how different variables can affect your car insurance premiums. We've broken down the different discounts each carrier offers, too. But, at the end of the day, is Depositors or Trustgard Auto the right company for you and your specific driver profile?

Trustgard Auto might be best for you if....

• You want to save money on your auto insurance after an accident.
• You're worried about the impact your credit score will have on your prices.
• You're of retirement age and want to take advantage of lower rates.

Depositors might be best for you if...

• You're looking for the company with the most discounts.
• Your neighborhood is in a rural area.
• You want to save money while purchasing car insurance for a teenager.

Hopefully, this guide has ben a valuable resource as you compare Depositors and Trustgard Auto. We also hope we've given you the information you need to make the best decision when it comes to your auto insurance.

At the end of the day, the best way to make sure you're getting the best deal on your insurance policy is to compare quotes from a handful of companies, not just Depositors and Trustgard Auto. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code below and get free quotes from dozens of the top auto insurance carriers in your area, all in just a few minutes.

Depositors vs. Trustgard Auto FAQs

Is Depositors or Trustgard Auto cheaper?

Trustgard Auto is the more affordable of the two companies when looking at national average prices, with policies averaging $137 per month with Trustgard Auto and $148 for Depositors. That being said, that doesn't mean Trustgard Auto will be the most affordable carrier for each driver, since there are a bunch of different factors that are considered when it comes to your insurance payment.

Who is better, Depositors or Trustgard Auto?

Sadly, the answer truly is "it depends.". Neither company is "better" for everyone -- it all depends on what your unique car insurance profile looks like.

Why do Depositors and Trustgard Auto offer me different rates?

Insurance carriers use many different variables when determining the rates they charge. Factors like your driving record, gender, age, where your home is, and sometimes even things like your credit score can all be taken into consideration. Both Depositors and Trustgard Auto calculate premiums using different formulas, so it's likely they'll offer different prices. The best way to determine which carrier is the cheapest for you is by comparing personalized quotes from lots of different companies.

How do I know if Depositors or Trustgard Auto is right for me?

The only way to find the auto insurance company that's right for you is by getting quotes from multiple carriers and finding the one best suited for your individual budget. Luckily, Compare.com makes it easy for you to do just that. Just enter your ZIP code and you'll get quotes from dozens of your local top car insurance companies for free. With those, you can guarantee you're getting the best premium. And maybe you'll find that the best carrier for you isn't Depositors or Trustgard Auto 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.