Depositors vs. West Bend Mutual: Which Company is the Best Fit for You?

Quick Facts

• Based on national averages for car insurance, West Bend Mutual offers more affordable rates than Depositors
• Depositors tends to be a much cheaper option for drivers who have an at-fault accident on their record
• West Bend Mutual offers more affordable prices for drivers who have less-than-stellar credit

Depositors vs. West Bend Mutual: Which Company has the Cheapest Car Insurance?

Are you in the market for a new insurance policy? With so many ads from all sorts of companies offering big discounts, you're probably wondering exactly how much you might be able to save.

You might have narrowed your search down to Depositors or West Bend Mutual as your top options, but which carrier has less expensive rates for insurance?

Looking at the national average rates for both companies, West Bend Mutual has average rates that are about 11% per month cheaper than those from Depositors.

Even so, that doesn't necessarily mean West Bend Mutual will be the less expensive option for each driver. Auto insurance carriers vary their premiums depending on things like how good your credit score is, where you live, how clean your driving record is, how old you are, and all sorts of other factors. So, at the end of the day, prices from each carrier will differ quite a bit from person to person.

Luckily, we've broken down average premiums from both Depositors and West Bend Mutual by lots of different rate factors, so read on to find out which company is the best for you.

Depositors or West Bend Mutual: Average Car Insurance Rates by State

Depositors and West Bend Mutual only compete against each other in one states, with West Bend Mutual offering more affordable rates to the average driver in all of them. Iowa has the most noticable difference, where West Bend Mutual prices are over 20% less expensive than car insurance rates at Depositors.

But there's more to auto insurance than just where you call home. As we mentioned above, there's a lot of things that go into how car insurance companies calculate your prices. Keep reading to find out more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- usually pay a lot for insurance compared to older drivers. That's normally because young, inexperienced 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 premiums, teen drivers can still find ways to save money. For example, 18-year-old drivers pay an average of more than $15 less a month by choosing Depositors over West Bend Mutual.

But both carriers will lower prices by the time drivers turn 25. For example, average premiums for Depositors policyholders decrease nearly 60% and West Bend Mutual's rates drop over 65% over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll generally enjoy the lowest car insurance premiums you can 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.

But who has the best prices for retired drivers between Depositors and West Bend Mutual? West Bend Mutual gets the edge, with premiums for drivers 65 and older $19 more affordable than the national average for Depositors.

Which is the Best Company for Married Drivers?

Single drivers tend to get offered slightly more expensive insurance prices than married couples. That's typically because married drivers tend to own and insure more than one car, which can often earn you a discount.

When it comes to relationship status, the two companies are comparable for those who are single, with rates only differing around $9 per month, on average. The advantage for married policyholders is more obvious, where drivers who use West Bend Mutual save more than 20% a month.

Depositors vs. West Bend Mutual: Average Rates by Gender

You may not know, but men normally pay more for auto insurance than women do. This is because men are more likely to get tickets and get into collisions, which increases the chances of an insurance claim.

On average, men see prices almost $10 per month higher with Depositors, and over $15 with West Bend Mutual.

Looking at overall affordability, West Bend Mutual comes out as the cheapest option for both genders, with average rates $13 less for men and $20 cheaper for women.

Depositors or West Bend Mutual: 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, car insurance isn't the easiest topic to understand. There are a bunch of different coverages that account for many different things. Some protect you and your vehicle, while others only provide coverage for other people's property and health if you cause an accident.

That being said, most policies end up falling into two different types of coverage -- liability only (which covers the other party's property damage and injuries if you cause a collision) and full coverage (which includes two additional coverages -- comprehensive and collision -- alongside what you get with a liability policy).

If you're looking for state minimum limits for liability insurance, West Bend Mutual generally offers slightly cheaper premiums of $77 compared to Depositors's $84. When it comes to full coverage policies with similar limits, West Bend Mutual again has the edge, with policies about $25 a month more affordable than Depositors, on average.

Is Depositors or West Bend Mutual 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.

It's no secret secret that tickets and accidents lead to higher prices, but which carrier -- Depositors or West Bend Mutual -- has the most affordable premiums for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Depositors policyholders can expect their rates to go up an average of $24 per month if they get a ticket, while West Bend Mutual typically raises prices around $25 a month, on average.

However, West Bend Mutual has cheaper premiums for drivers in both categories. Drivers with a clean record can save about $22 per month and drivers with a speeding ticket can save around $21 a month with West Bend Mutual Insurance.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their car insurance through Depositors can expect to see about an $51 -- or around 32% -- increase in their insurance rates. Drivers who use West Bend Mutual for their auto insurance will see a monthly bill about $79 (or 48%) more expensive after reporting an accident to their insurance company.

Overall, Depositors offers the cheapest premiums for drivers with an at-fault collision on their records, with monthly prices averaging $157 compared to West Bend Mutual Insurance's $163.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single accident or ticket when it comes to your auto insurance bill. On average, Depositors will increase your rates around 46% after a DUI, while West Bend Mutual's average prices increase by over 50%.

If you have a DUI on your record and are looking for more affordable premiums, West Bend Mutual tends to be the much less expensive option with average rates of $169 monthly compared to $198 from Depositors.

How does Credit Score Impact Depositors and West Bend Mutual Rates?

In many cases, your credit score can be used as one of the factors to determine your monthly car insurance premiums. This isn't always the case (for example, California and Michigan are two states that ban the practice entirely), but it does affect lots of drivers out there.

Auto insurance carriers argue that those with good credit scores are more likely to pay their bills on time every month, which reduces the risk involved on their end, while the opposite is true for those with bad credit.

Looking at Depositors and West Bend Mutual specifically, which company has the lowest rates for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have a solid credit score, you'll usually find a better deal with West Bend Mutual. Drivers with "excellent" credit can save more than 15% compared to Depositors, and those with "good" scores can also expect to see savings -- about $19 or 14% more affordable each month.

Which Company is Best for Drivers with Bad Credit?

West Bend Mutual typically offers lower prices than Depositors when it comes to drivers with bad credit. Drivers with "fair" credit pay around $22 per month less with West Bend Mutual compared to Depositors, and those with "poor" scores usually save an average of about $5 per month.

Is Depositors or West Bend Mutual 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 rates? Normally, those who drive less will end up with less expensive premiums since there's less of a chance of getting into a collision and causing an insurance claim.

In this case, neither Depositors or West Bend Mutual report increasing prices for drivers with higher annual mileage figures. That being said, West Bend Mutual comes out as the most affordable for drivers at both intervals, whether they put 6,000 or 12,000 miles on their vehicle every year, with average premiums of $131 a month for both.

Depositors vs. West Bend Mutual: 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 substantial impact as well. Generally, those who live in rural areas will pay less than policyholders in urban areas because of the small number of cars that are on the roads in those areas.

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

Drivers in rural ZIP codes see the most affordable prices from both companies, but West Bend Mutual comes out on top with average premiums around $113 a month. West Bend Mutual also has cheaper average prices for policyholders in urban and suburban ZIP codes -- a 9% and 12% per month respective difference when compared to Depositors drivers in similar areas.

Depositors vs. West Bend Mutual Discounts

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

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

In the section below, we've taken a look at all of the different discounts Depositors and West Bend Mutual offer their customers so that you can see which one can save you the most money each month.

Overall, Depositors comes out ahead with 17 discounts to West Bend Mutual's 16.

Both carriers offer many of the same discounts -- like distant student discounts, discounts for being a good student, and group discounts -- but Depositors also offers advance quote discounts, COVID-19 relief discount, EFT discounts, and more that West Bend Mutual does not.

On the flip side, West Bend Mutual has a couple unique discounts of its own -- ABS discounts, advanced safety feature discounts, anti-theft discounts, and more.

Final Thoughts: Is Depositors or West Bend Mutual Best for You?

So, we've broken down the average premiums for many of the variables auto 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, is Depositors or West Bend Mutual the best company for you and your specific needs?

West Bend Mutual might be best for you if....

• You don't have any speeding tickets, DUIs, or at-fault collisions on your record.
• You have above-average credit.
• You're married and plan to have both of your names on the vehicle's insurance policy.

Depositors might be best for you if...

• Your driving record contains an at-fault collision.
• You're looking for the company with the most discounts.
• You're buying car insurance for a teen and looking for a wallet-friendly option.

We hope this guide helps you get a good idea of the differences between Depositors and West Bend Mutual and that you can now make a more informed 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 car insurance -- comparing quotes from multiple carriers, not just Depositors and West Bend Mutual. Luckily, sites like Compare.com do all the hard work for you. Simply enter your ZIP codes below and get multiple free quotes from some of the best auto insurance companies in your area, all in just a few minutes.

Depositors vs. West Bend Mutual FAQs

Is Depositors or West Bend Mutual cheaper?

Looking just at the national average rates, West Bend Mutual is the less expensive of the two carriers, offering average rates of $131 a month compared to $148 for Depositors. That being said, West Bend Mutual won't necessarily be the cheapest carrier for everyone, since there are multiple different factors that are considered when it comes to your insurance payment.

Who is better, Depositors or West Bend Mutual?

Sadly, the answer truly is "it depends.". No single company is "better" for everyone -- it all depends on the makeup of your unique auto insurance profile. For example, Depositors offers cheaper premiums for policyholders with an at-fault accident on their record, while West Bend Mutual is more affordable for drivers who have less-than-stellar credit scores.

Why do Depositors and West Bend Mutual offer me different rates?

Car insurance companies take a look at many different variables when calculating the rates they charge drivers. Factors like your driving record, age, where you call home, gender, and sometimes even things like your credit score can all be used. Both Depositors and West Bend Mutual calculate prices using different formulas, so each one will most likely offer different premiums. The only real way to see which carrier is the most affordable for you is by comparing personalized quotes from several different carriers.

How do I know if Depositors or West Bend Mutual is right for me?

The only way to find the insurance company that's right for you is by getting quotes from a handful of companies 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 information once and you'll get free quotes from dozens of the best auto insurance carriers in your area. That way, you can guarantee you're getting the best rate. And who knows, the best carrier for you might not be Depositors or West Bend Mutual 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.