Donegal Mutual vs. Electric: Which Company is the Best Fit for You?

Quick Facts

• In general, Electric offers slightly less expensive rates than Donegal Mutual
• Donegal Mutual has more affordable prices for policyholders who haven't received any speeding tickets or been in an accident in the last few years
• Electric offers more affordable premiums for couples purchasing insurance together

Donegal Mutual vs. Electric: Which Company has the Cheapest Car Insurance?

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

You might be considering Donegal Mutual or Electric for your next policy, but between the two, which company has cheaper rates for auto insurance?

Looking at nationwide averages, Electric is about $24 per month more affordable than Donegal Mutual.

That being said, that doesn't mean Electric will necessarily be cheaper than Donegal Mutual for every single driver. Car insurance companies vary their prices depending on things like how old you are, how good your credit score is, where you live, how clean your driving record is, and tons of other factors, so premiums will vary quite a bit from person to person.

Wanting to know if Donegal Mutual or Electric is really the right carrier for you? Keep on reading to see how average rates can change based on all of the factors we've mentioned above.

Donegal Mutual or Electric: Average Car Insurance Rates by State

Donegal Mutual and Electric only compete against each other in one states, with Donegal Mutual offering less expensive prices to the average driver in all of them. Virginia has the most noticable difference, where Donegal Mutual premiums are over 50% more affordable than insurance prices at Electric.

There's a lot more that goes into your auto insurance cost than just where you call home. Read on to learn more.

Which is the Best Company For Young Drivers?

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

However, that doesn't mean that teen drivers have to just accept sky-high auto insurance rates. For example, 18-year-old drivers pay an average of nearly $55 less a month by choosing Electric over Donegal Mutual.

Even so, both carriers will decrease prices by the time drivers turn 25. Electric offers the steepest drop, with 25-year-olds paying less than half what 18-year-old drivers are charged. That being said, Donegal Mutual still has the lowest premiums at $251 per month.

Which is the Best Company for Retired Drivers?

Drivers around retirement age typically enjoy some of the cheapest car insurance rates out there. After all, they've likely been driving for quite some time, which normally decreases their chances of accidents and other infractions that can increase prices.

So, which company offers the best rates to retired drivers? Electric gets the edge, with premiums for drivers 65 and older $34 cheaper than the national average for Donegal Mutual.

Which is the Best Company for Married Drivers?

Did you know that auto insurance prices are typically less expensive for married policyholders than they are for single drivers? That's because policies for married couples normally cover more than one car, which several companies will offer you a discount for.

If you're in the market for car insurance, Electric tends to have the most affordable average rates regardless of marital status, with prices more than $30 more affordable for single policyholders and almost $15 cheaper for married drivers.

Donegal Mutual vs. Electric: Average Rates by Gender

Did you know men tend to pay more for insurance than women? This is because men are more likely to get speeding tickets and get into collisions, which raises the chances of an insurance claim.

Normally, men see premiums around 6% per month higher with Donegal Mutual, while with Electric, the difference is closer to 7% a month.

Looking at the data for each carrier specifically, Electric comes out on top for both men and women. On average, male drivers save about $23 per month and women save about $24 with Electric compared to the average Donegal Mutual policyholder.

Donegal Mutual or Electric: 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 pretty complicated. There are so many different terms and limits that it can make it pretty confusing to find the right policy.

But most policies end up falling into two different types of coverage -- liability only (which provides property damage and bodily injury coverage for other drivers if you cause a collision) and full coverage (which usually refers to having comprehensive and collision coverages alongside what you get with a liability policy).

If you're looking for state minimum liability limits, Electric generally offers less expensive rates of $150 compared to Donegal Mutual's $170. When it comes to full coverage policies with similar limits, Electric again has the edge, with policies around $25 a month more affordable than Donegal Mutual, on average.

Is Donegal Mutual or Electric Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from car insurance carriers offering great prices 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 tickets and at-fault collisions lead to higher premiums, but which company -- Donegal Mutual or Electric -- has the lowest rates for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Donegal Mutual policyholders can expect their prices to go up an average of $47 per month if they get a ticket, while Electric typically raises premiums about $29 a month, on average.

If you have a clean record, Donegal Mutual tends to offer the best rates at around 5% less expensive, while Electric has the edge for drivers with a speeding ticket.

Which Company is Best for Drivers After an Accident?

Donegal Mutual drivers who get in an accident can expect to see their prices increase by just under $50, while those who have insurance through Electric will see about a $30 increase.

Overall, Electric offers the most affordable premiums for drivers with an at-fault accident on their records, with monthly prices averaging $236 compared to Donegal Mutual Insurance Company's $245.

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 insurance bill -- generally a lot more than a collision or ticket. On average, Donegal Mutual will climb your premiums around 58% after a DUI, while Electric's average rates climb by over 45%.

If you have a DUI on your record and are looking for more affordable premiums, Electric tends to be the much cheaper option with average rates of $385 monthly compared to $472 from Donegal Mutual.

How does Credit Score Impact Donegal Mutual and Electric Rates?

Did you know that many auto insurance companies take your credit score into account when calculating prices? Certain states and carriers do not allow for credit score to be used as a rating factor, but it does affect quite a few policyholders out there.

The reasoning car insurance companies use is that drivers with bad credit will be less likely to pay their bills on time; so normally, they'll be asked to pay more, while those with good credit will be rewarded with less expensive premiums.

Looking specifically at Electric and Donegal Mutual, which carrier has the best rates 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 Donegal Mutual or Electric 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 pretty big impact on your monthly prices? That's because the fewer miles you put on your vehicle each year, the less likely you are to get into an accident and cause 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, Electric tends to be the more affordable option. Electric's average premiums for drivers with 6,000 annual miles come in just under 10% cheaper than Donegal Mutual. Those who drive 12,000 miles annually can expect to pay nearly 10% less with Electric over Donegal Mutual.

Donegal Mutual vs. Electric: 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 insurance, but the type of area you live in can have a sizable impact as well. Usually, if you live in an urban area with more cars on the road, you'll pay a little more for auto insurance, while the opposite is true for people in rural areas.

Electric boasts the most affordable average prices in urban and suburban areas, while Donegal Mutual wins in rural areas.

For drivers in urban ZIP codes, Electric's average premiums are about $304 while Donegal Mutual offers prices around $445. Drivers in suburban ZIP codes pay a monthly premium of about $234 with Electric compared to $240 with Donegal Mutual. Those in rural areas can expect to pay around $184 a month with Donegal Mutual and $262 with Electric.

Donegal Mutual vs. Electric 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're eligible for.

In the table below, we've taken a look at all of the different discounts Donegal Mutual and Electric offer their customers so that you can easily see which company offers the most discounts and, therefore, the biggest savings.

Looking at the total number of discounts, Donegal Mutual has advantage when it comes to total number of discounts. Electric offers a grand total of 17 discounts, while Donegal Mutual has 20.

There are a couple discounts both carriers offer, but Donegal Mutual also offers family discounts, multi-car discounts, new business discounts, and more that Electric does not.

On the flip side, Electric has a couple unique discounts of its own -- COVID-19 relief discount, electric vehicle discounts, new vehicle discounts, and more.

Final Thoughts: Is Donegal Mutual or Electric Best for You?

So, you've seen how different factors can affect your insurance rates. We've shown you all the discounts each carrier offers, too. That's all well and good, but when it comes down to it, which insurance company is the right one for you and your specific profile and needs?

Electric might be best for you if....

• You've received a ticket for speeding recently and don't want to see your prices rise.
• You're buying auto insurance for a teen and looking for a wallet-friendly option.

Donegal Mutual might be best for you if...

• You haven't received any speeding tickets or been in a collision in the last few years.
• You're looking for discounts -- Donegal Mutual has the most.
• You live in a rural neighborhood.

We hope this guide helps you get a better idea of the difference between Donegal Mutual and Electric. We also hope we've given you the information you need to make the best decision about your car 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 Donegal Mutual and Electric. Luckily, sites like Compare.com do all the hard work for you. Just enter your ZIP code below and get multiple free quotes from some of the best car insurance carriers in your area, all in just a few minutes.

Donegal Mutual vs. Electric FAQs

Is Donegal Mutual or Electric cheaper?

Looking just at the national average premiums, Electric is the less expensive of the two companies, offering average rates of $266 per month compared to $290 for Donegal Mutual. However, Electric won't necessarily be the lowest carrier for every driver, since there are a bunch of different variables that are considered when it comes to your auto insurance payment.

Who is better, Donegal Mutual or Electric?

Sadly, the answer truly is "it depends.". One company is not "better" for everyone -- it all boils down to your unique insurance profile.

Why do Donegal Mutual and Electric offer me different rates?

Car insurance carriers take a look at many different factors when determining the rates they charge drivers. Things such as gender, where your home is, age, your driving record, and sometimes even things like your credit score can all come into play. Both Donegal Mutual and Electric calculate prices using different formulas, so each one will most likely offer different rates. The only real way to see which carrier is the cheapest for you is by comparing personalized quotes from several different companies.

How do I know if Donegal Mutual or Electric is right for me?

The only way to find the auto insurance company that's right for you is by getting quotes from several carriers and finding the one best suited for your individual budget. Luckily, Compare.com does all the hard work for you. Just enter your information once and you'll get free quotes from dozens of the best car insurance companies in your area. With those, you can guarantee you're getting the best rate. And who knows, the best carrier for you might not be Donegal Mutual or Electric 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.