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

Quick Facts

• Looking at the national averages for insurance, Grange offers slightly cheaper rates than Electric
• Electric offers more affordable prices for policyholders who live in suburban areas
• Grange may help you save more money -- they offer more discounts than Electric Insurance Company

Electric 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 hefty savings, but exactly how much money can you save by switching?

You might have narrowed it down to Electric or Grange, but between the two, which company will save you the most?

As you can see, Electric is around $17 more a month than Grange when looking at the national average rates for auto insurance.

However, that doesn't mean Grange will necessarily be less expensive than Electric for every single driver. Car insurance carriers vary their rates depending on things like how old you are, where you live, how good your credit score is, how clean your driving record is, and a variety of other factors, so prices will differ quite a bit from person to person.

Wanting to know if Electric or Grange 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.

Electric vs. Grange: Average Car Insurance Rates by State

Electric and Grange only compete against each other in one states, with Grange offering cheaper prices to the average driver in all of them. Kentucky has the most noticable difference, where Grange premiums are $119 less expensive than insurance rates at Electric.

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

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- normally pay a lot for car insurance compared to older drivers. Generally, that's because teen drivers are statistically much more likely to get into an accident that results in an insurance claim, making them much riskier to insure.

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 almost 6% less per month by choosing Grange over Electric.

But both companies will offer you dramatically lower rates once you turn 25. For example, average prices for Electric policyholders reduce about $300 and Grange's rates drop around $350 over that time.

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 cheapest prices you can find.

When looking at Electric and Grange specifically, which carrier is best for retired drivers? Electric gets the edge here, with average premiums coming in at about $178 per month compared to Grange's $200.

Which is the Best Company for Married Drivers?

Did you know that auto insurance rates are typically more affordable for married drivers than they are for single drivers? This usually boils down to married policyholders having more than one vehicle on their policy -- something many insurance carriers will reward with discounts.

If you're in the market for car insurance, Grange tends to have the lowest average prices regardless of relationship status, with prices around 7% cheaper for single policyholders and about 5% less expensive for married couples.

Electric or Grange: Average Rates by Gender

Because women are less likely to get speeding tickets and get into accidents, they run a lower risk of filing a claim with insurance. So, women usually pay less for auto insurance than men.

On average, men see premiums around 7% a month higher with Electric, but with Grange, the difference is closer to 5% per month.

When it comes to the most affordable rates for each gender, Grange comes out on top for both men and women. On average, male drivers save about $21 a month and women save about $14 with Grange compared to the average Electric policyholder.

Electric 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.

Car insurance isn't the easiest topic to understand. Everyone needs auto insurance, but there are so many different coverages and limits that it can be hard to find the right policy for you.

Even so, most policies that drivers look at fall into two categories -- 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).

When it comes to state minimum limits for liability insurance, Electric has the edge, while Grange offers the lowest average prices for full coverage policies with similar coverage limits. Policyholders looking for basic state minimum coverage can save around $35 with Electric Insurance Company, while full coverage comes out to be around $70 more affordable with Grange Insurance.

Is Electric or Grange 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.

You'll probably end up paying more with speeding tickets and at-fault collisions on your record, but which of these two companies offers the cheapest premiums to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Drivers who use Electric for their auto insurance can generally expect their monthly bill to go up about 12% after getting a speeding ticket. Grange policyholders can expect a bit more drastic of an increase of around 23%.

That being said, Grange is usually the cheaper option for drivers both with clean records and with a ticket. With Grange Insurance, drivers with a clean record can save about $28 per month and drivers with a speeding ticket can save around $2 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 climbing by about 32%. Electric has a less extreme increase, but you can still expect to pay more than 10% more than you were prior to your first accident.

At the end of the day, the less expensive prices come from Electric, with average premiums coming in at $236 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 car insurance bill -- typically a lot more than an accident or ticket. Electric drivers usually see a 46% increase in their insurance prices after a DUI charge, while Grange will normally climb rates by around 43%.

But if you end up with a DUI charge and are looking for more affordable premiums, Grange tends to be more affordable for the average driver, with monthly premiums coming in at about $314 to Electric's $385.

How does Credit Score Impact Electric and Grange Rates?

You may not realized it, but your credit score can be used as one of the variables to determine your monthly car insurance rates. Certain states and companies do not allow for credit score to be used as an auto insurance factor, but it might come into play for a lot of policyholders.

Insurance carriers 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, drivers with good credit will often be rewarded with cheaper premiums.

So, which company offers the best prices for policyholders with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

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

How much you drive can have a pretty big impact on your monthly auto insurance bill. Usually, those who drive fewer miles will end up with less expensive premiums since there's less of a chance of causing a collision and filing an insurance claim.

Grange tends to be the more affordable option for both remote workers and those taking short commutes. Grange's average rates for drivers with 6,000 annual miles come in 1% less expensive than Electric. Those who drive 12,000 miles annually can expect to pay over 10% less with Grange over Electric.

Electric or Grange: 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. Generally, those who live in urban areas will pay more than drivers in rural areas because of the number of vehicles that are on the roads where they live.

When comparing these two companies side-by-side, Grange typically comes out as the cheaper option for drivers in rural and urban areas, while Electric wins in suburban areas.

For drivers in urban ZIP codes, Grange's average rates are around $292 per month compared to Electric's $304. Drivers in suburban ZIP codes pay about $234 with Electric compared to Grange's $235 monthly. Those in rural areas can expect to pay around $220 a month with Grange compared to Electric's $262.

Electric vs. Grange Discounts

No matter why you might be in the market for a new auto insurance policy, you're always going to want to save as much money as you can, and the best way to do that is by taking advantage of as many car insurance discounts as possible.

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

Luckily, we did the hard work for you and looked at all of the different discounts Electric and Grange offer their customers so that you can find the carrier that has the most discounts and, therefore, the largest savings.

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

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

On the other hand, Electric has a few proprietary discounts of their own for things like advance quote discounts, electric vehicle discounts, marital status discounts, and more.

Final Thoughts: Is Electric or Grange Best for You?

So, you've seen how different factors can affect your auto insurance prices. We've shown you all the discounts each carrier offers, too. But, at the end of the day, which company is the best company for you and your specific profile and needs?

Grange might be best for you if....

• Your driving record includes a DUI charge.
• Your home is in a busy urban area.
• You and your spouse are buying car insurance together.

Electric might be best for you if...

• You already have a great credit score.
• Your neighborhood is in the suburbs.
• You're of retirement age and want to take advantage of lower premiums.

Hopefully, this guide helps you get a better idea of the difference between Electric and Grange and that you can now make a more informed decision when it comes to your insurance.

At the end of the day, the best way to make sure you're getting the best deal on your car insurance policy is to compare quotes from several companies, not just Electric and Grange. Luckily, Compare.com does all the hard work for you. Simply enter your ZIP codes below and get multiple free quotes from some of the best insurance carriers in your area, all in just a few minutes.

Electric vs. Grange FAQs

Is Electric or Grange cheaper?

Grange is the more affordable of the two companies when looking at national average prices, with policies averaging $249 a month with Grange and $266 for Electric. Even so, that doesn't mean Grange will be the cheapest carrier for every driver, since there are several different variables (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, Electric or Grange?

Sadly, the real answer is "it depends.". Neither company is "better" for each policyholder -- it all depends on the makeup of your unique auto insurance profile. For example, Electric is cheaper for drivers who have already retired, while Grange offers more affordable premiums for single policyholders.

Why do Electric and Grange offer me different rates?

Car insurance carriers use lots of different factors when determining the rates they charge. Variables like your driving record, gender, age, where you park your car, and sometimes even things like your credit score can all be used. Both Electric and Grange calculate premiums using different formulas, so it's likely they'll offer different rates. The best way to determine which carrier is the most affordable for you is by comparing personalized quotes from many different companies.

How do I know if Electric or Grange 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 carriers and finding the one best suited for your individual budget. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your information once and you'll get quotes from dozens of your local top auto insurance companies for free. That way, you can guarantee you're getting the best rate. And maybe you'll find that the best carrier for you isn't Electric 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.