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

Quick Facts

• Looking at the national averages for insurance, Motorists offers slightly more affordable rates than Electric
• Electric offers more affordable prices for drivers with a DUI
• Motorists tends to be a much cheaper option for drivers who have a speeding ticket on their driving record

Electric or Motorists: Which Company has the Cheapest Car Insurance?

Are you in the market for a new insurance policy? After all, you've seen ads from all sorts of companies offering large savings. But exactly how much can you save by switching?

You've maybe even narrowed it down to Electric or Motorists as potential options, but between the two, which carrier will save you the most?

Looking at nationwide averages, Electric is around $15 more a month than Motorists.

However, that doesn't mean Motorists will necessarily be less expensive than Electric for each driver. After all, auto insurance carriers can offer drastically different rates to every driver depending on rating factors like your credit score, your driving record, where you call home, or even your age (among other things), so rates will vary quite a bit from person to person.

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

Electric vs. Motorists: Average Car Insurance Rates by State

Electric and Motorists only compete against each other in one states, with Motorists offering more affordable prices to the average driver in all of them. Kentucky has the most noticable difference, where Motorists premiums are $90 cheaper than insurance prices at Electric.

That being said, there's a lot more that goes into your car insurance bill than just the state you live in. Read on to learn more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers typically pay a lot more for auto insurance than any other group of drivers. That's usually because teen drivers are statistically much more likely to get into an accident that results in an auto insurance claim, making them much riskier to insure.

Even so, that doesn't mean teen drivers can't still save money on their car insurance. For example, 18-year-old drivers pay an average of over 30% less per month by choosing Motorists over Electric.

That being said, with both companies, you'll see your rates decrease significantly by the time you turn 25. For example, average premiums for Electric policyholders reduce almost 55% and Motorists's rates lower nearly 45% over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age normally enjoy some of the lowest insurance prices you can find. After all, they've likely been driving for quite some time, which generally decreases their chances of collisions and other infractions that can raise rates.

When looking at Electric and Motorists specifically, which carrier is best for retired drivers? Electric gets the edge, with prices for drivers 65 and older $41 less expensive than the national average for Motorists.

Which is the Best Company for Married Drivers?

You may not be aware, but car insurance premiums tend to be more expensive for single policyholders than they are for married policyholders. That's normally because married drivers tend to own and insure more than one vehicle, which can often earn you a discount.

For single drivers, the difference in average prices between these two carriers is significant, with Motorists premiums coming in at about 10% less than Electric's. It's not quite so glaring for married couples, where drivers who use Electric save around $15 a month.

Electric or Motorists: Average Rates by Gender

Because women are less likely to get into collisions and get tickets, they are less likely to file a claim with insurance. So, women tend to get cheaper rates than men.

On average, men see rates about $20 per month higher with Electric, and more than $10 with Motorists.

Looking at the data for each company specifically, Motorists offers the cheapest average prices for both men and women. On average, male drivers save about $19 a month and women save around $12 with Motorists compared to the average Electric policyholder.

Electric vs. Motorists: 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 a complicated subject for most people. There are so many different limits and coverages that it can make it pretty confusing to find the right policy for you.

But the most common policies that drivers look at fall into two categories -- liability coverage (that covers bodily injury and property damage for other drivers if you cause a collision) and full coverage (which includes collision and comprehensive coverages that protect your own car, alongside liability coverage).

Looking specifically at state minimum liability insurance, Motorists has the edge, with average monthly rates coming in at $123. If you want a full coverage policy with the same state minimum limits, Motorists again has the edge, with policies averaging about $379 per month to Electric's $383.

Is Electric or Motorists Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from insurance companies offering great premiums for good drivers, but that doesn't mean people with less-than-perfect driving records can't save money, too.

You'll probably end up paying more with accidents and speeding tickets on your record, but which of these two carriers offers the most affordable rates to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Electric for their auto insurance can generally expect their monthly bill to go up around 12% after getting a speeding ticket. Motorists policyholders can expect a less drastic increase of about 10%.

However, Motorists tends to offer the best prices for both drivers who have clean records and those with a recent ticket, offering premiums that are 19% and 21% more affordable, respectively, compared to Electric Insurance Company.

Which Company is Best for Drivers After an Accident?

Electric drivers who get in an accident can expect to see their prices rise by over 10%, while those who have insurance through Motorists will see around a 20% increase.

At the end of the day, drivers who use Motorists end up with the cheaper prices after an accident, with average premiums coming in at $206 compared to Electric Insurance Company's $236.

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 -- typically a lot more than a collision or speeding ticket. For example, Motorists increases average rates by more than $250 a month -- that's more than a 60% increase.

But if you end up with a DUI charge and are looking for more affordable prices, Electric tends to be less expensive for the average driver, with monthly premiums coming in at about $385 to Motorists's $442.

How does Credit Score Impact Electric and Motorists Rates?

Often times, your credit score can come into play when companies determine your monthly bill. Certain states and carriers do not allow for credit score to be used as a car insurance factor, but it does affect many policyholders out there.

Car insurance companies argue that those with poor credit scores are less likely to pay their bills on time each month, which raises the risk involved on their end, while the opposite is true for those with good credit.

So, which carrier offers the lowest premiums for drivers with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

If you have great credit, Electric will usually reward you the most for an "excellent" credit score. For policyholders with "excellent" credit scores, Electric comes in 1% cheaper. Drivers with "good" credit scores normally save around 13% with Motorists compared to average rates from Electric.

Which Company is Best for Drivers with Bad Credit?

If you have a below average credit score, it can be somewhat of a toss-up as far as which company offers you the best prices. Drivers with "fair" credit pay about 13% less with Motorists than Electric, but those whose credit is considered "poor" have it flipped -- saving around 0% per month with Electric.

Is Electric or Motorists 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 payment. Usually, the more milage you put on your vehicle each year, the more you can expect to pay for car insurance.

For both remote workers and those taking short commutes, Motorists tends to be the more affordable option. Electric's average premiums for drivers with 6,000 annual miles come in $4 more expensive than Motorists. Those who drive 12,000 miles annually can expect to pay over $25 more with Electric over Motorists.

Electric or Motorists: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can play a considerable role in how much you pay for insurance. Typically, those who live in urban areas will pay more than drivers in rural areas since there are a lot more cars on the road where they live, which increases the chances of an accident.

Motorists boasts the most affordable average prices for drivers in every type of area, no matter if it's urban, suburban, or rural.

If you live in a rural area, you can expect to pay about $252 a month with Motorists compared to Electric's $262. People in suburban areas pay a monthly rate of around $215 with Motorists compared to $234 with Electric. For drivers in urban ZIP codes, Motorists's average premiums are about $286 a month compared to Electric's $304.

Electric vs. Motorists 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 car insurance discounts as possible.

But where do you even start? With what seems like a million different discounts out there, it may be difficult to find all the ones you're eligible for.

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

Overall, Electric has advantage when it comes to total number of discounts. Motorists offers a grand total of 14 discounts, while Electric has 17.

Both carriers offer lots of the same discounts -- like ABS discounts, anti-theft discounts, hybrid vehicle discounts, and paid in full discounts -- but Electric also offers discounts for COVID-19 relief, driver training, electric vehicle, and more.

On the other hand, Motorists has a few proprietary discounts of their own for things like empty nester discounts, homeowner discounts, life policy discounts, and more.

Final Thoughts: Is Electric or Motorists Best for You?

So, you've seen how different variables can affect your insurance rates. We've shown you all the discounts each carrier offers, too. But, at the end of the day, is Electric or Motorists the right company for you and your specific needs?

Motorists might be best for you if....

• You haven't received any speeding tickets or been in an accident in the last few years.
• Your neighborhood is in the suburbs.
• You want to save money while purchasing auto insurance for a teenager.

Electric might be best for you if...

• You're looking for the company with the most discounts.
• You're of retirement age and want to take advantage of lower prices.
• You and your spouse are buying insurance together.

Hopefully, this guide helps you get a better idea of the difference between Electric and Motorists. 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 sure-fire 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 Motorists. Luckily, sites like Compare.com make it easy for you to do just that. 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. Motorists FAQs

Is Electric or Motorists cheaper?

Motorists is the cheaper of the two companies when looking at national average premiums, with policies averaging $251 per month with Motorists and $266 for Electric. But that doesn't mean Motorists will be the lowest carrier for everyone, since there are multiple different factors that come into play when it comes to your car insurance cost.

Who is better, Electric or Motorists?

Sadly, the answer truly is "it depends.". Neither company is "better" for everyone -- it all depends on what your unique auto insurance profile looks like. For example, Electric is less expensive for drivers who have less-than-stellar credit scores, while Motorists offers cheaper prices for policyholders with an at-fault collision on their record.

Why do Electric and Motorists offer me different rates?

Car insurance carriers use several different variables when determining the rates they charge. Factors like where your home is, where you call home, age, gender, and sometimes even things like your credit score can all be taken into consideration. Both Electric and Motorists use different formulas, so it's likely they'll offer different premiums. The best way to determine which carrier is the most affordable for you is by comparing personalized quotes from a bunch of different companies.

How do I know if Electric or Motorists 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, sites like Compare.com do all the hard work for you. Just enter your information once and you'll get quotes from dozens of your local top insurance companies for free. That way, you can guarantee you're getting the cheapest premium. And maybe you'll find that the best carrier for you isn't Electric or Motorists 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.