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

Quick Facts

• Looking at the national averages for auto insurance, Safe Auto offers more affordable rates than Electric
• Electric has less expensive premiums for drivers who have an at-fault accident on their record
• Safe Auto offers more affordable prices for policyholders who have a clean record

Electric vs. Safe Auto: Which Company has the Cheapest Car Insurance?

So, you're thinking about switching your auto insurance. With so many ads from all sorts of companies offering large discounts, you're probably wondering exactly how much you might be able to save.

You've maybe even narrowed it down to Electric or Safe Auto as your top options, but which one will save you the most?

As you can see, Electric has average rates that are about 16% per month more expensive than those from Safe Auto when looking at the national average rates for car insurance.

However, that doesn't mean Safe Auto will necessarily be cheaper than Electric for every driver. Auto insurance companies vary their rates depending on things like how clean your driving record is, how good your credit score is, how old you are, where you live, and a ton of other factors. So, at the end of the day, prices from each carrier will differ quite a bit from person to person.

Wanting to know if Electric or Safe 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.

Electric or Safe Auto: Average Car Insurance Rates by State

Electric and Safe Auto only compete against each other in three states, with Safe Auto offering less expensive premiums to the average driver in all of them. Missouri has the most noticable difference, where Electric rates are over 60% more affordable than insurance premiums at Safe Auto.

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

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive insurance prices of any group on the road. Usually, that's because young, inexperienced drivers are statistically much more likely to get into an accident that results in a car insurance claim, making them much riskier to insure.

That being said, that doesn't mean that teen drivers have to just accept sky-high auto insurance rates. As you can see above, teens who use Safe Auto save nearly $150 a month compared to those who use Electric.

But both carriers will drop prices once you turn 25. For example, average premiums for Electric policyholders decrease almost 55% and Safe Auto's rates reduce more than 50% over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll normally enjoy the lowest car insurance prices you'll ever see. You've been on the road for years, and all that experience pays off when it comes to your monthly premiums for insurance.

But who has the best rates for retired drivers between Electric and Safe Auto? Electric gets the slight edge here, with average premiums coming in at around $178 monthly compared to Safe Auto's $179. Even so, the difference is only about 5%, so other factors (such as your driving record or where you live) will likely come into play when determining which carrier has the most affordable prices for you.

Which is the Best Company for Married Drivers?

Did you know that auto insurance rates are typically cheaper for married drivers than they are for single drivers? This usually boils down to married policyholders having several cars on their policy -- something many car insurance companies will reward with discounts.

When it comes to relationship status, Safe Auto is the clear winner for single policyholders, with prices around $54 per month less expensive than Electric, on average. The advantage is also clear for married couples - Safe Auto offers the cheapest average premiums.

Electric vs. Safe Auto: Average Rates by Gender

Did you know men tend to pay more for auto insurance than women? This is because men are statistically more likely than women to get into accidents and file an insurance claim, which leads to increased risk for insurers and, therefore, higher rates.

With Electric, women generally pay nearly $20 a month less than men, and over $15 cheaper with Safe Auto when compared to their male counterparts.

When it comes to the lowest premiums for each gender, Safe Auto comes out on top for both men and women, with average prices 16% less for men and 17% cheaper for women.

Electric or Safe 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. There are so many different coverages and terms that it can make it pretty confusing to find the right policy.

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

If you're looking for state minimum liability limits, Safe Auto typically offers more affordable premiums of $126 compared to Electric's $150. When it comes to full coverage policies with similar limits, Safe Auto again has the edge, with policies about $65 per month cheaper than Electric, on average.

Is Electric or Safe Auto Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their car insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

You'll probably end up paying more with tickets and at-fault collisions on your record, but which of these two carriers offers the most affordable prices to drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Electric policyholders can expect their rates to go up an average of $29 a month if they get a ticket, while Safe Auto generally raises premiums around $40 per month, on average.

That being said, Safe Auto tends to offer the best prices for both drivers who have a recent speeding ticket and those with clean records, offering prices that are 13% and 7% less expensive, respectively, compared to Electric Insurance Company.

Which Company is Best for Drivers After an Accident?

Both companies will increase rates pretty significantly if you get into an at-fault collision with Safe Auto climbing by over $65. Electric has a less extreme climb, but you can still expect to pay just under $30 more than you were prior to your first accident.

Overall, the more affordable prices come from Electric, with monthly premiums averaging $236 compared to Safe Auto's $246.

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 -- normally a lot more than a collision or ticket. On average, Electric will increase your rates about 46% after a DUI, while Safe Auto's average prices rise by over 25%.

How does Credit Score Impact Electric and Safe Auto Rates?

You may not realized it, but your credit score can be used as one of the variables to calculate your monthly auto insurance premiums. Certain states and carriers do not allow for credit score to be used as a rating factor, but it might come into play for quite a few drivers.

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

Looking at Electric and Safe Auto specifically, 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 Electric or Safe Auto Better for Drivers who Work from Home or Have Short Commutes?

The amount of time you spend behind the wheel of your car plays a big role in how much auto insurance carriers will charge for coverage. Typically, the more miles you put on your vehicle, the more you can expect to pay for coverage.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Safe Auto charges. However, there's a pretty significant difference in monthly prices for Electric, with drivers who put 6,000 miles on their car each year paying around $33 less every month compared to those who drive 12,000 miles yearly. Still, Safe Auto is the cheaper option for drivers in both categories.

Electric vs. Safe Auto: Compare Rates for Urban, Suburban, and Rural Drivers

Where you call home can play a big role in how much you pay for insurance. 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.

Safe Auto boasts the most affordable average premiums for drivers in all areas, regardless of if they're urban, suburban, or rural.

If you live in a rural area, you can expect to pay about $197 a month with Safe Auto and $262 with Electric. Drivers in suburban ZIP codes pay around $200 with Safe Auto compared to Electric's $234 per month. For drivers in urban ZIP codes, Safe Auto's average prices are about $271 while Electric offers rates around $304.

Electric vs. Safe Auto 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.

But where do you even start? With what seems like a million different discounts out there, it may be hard to find all the ones you can take advantage of.

Below, we've taken a look at all of the different discounts Electric and Safe Auto offer their customers so that you can find the company that has the most discounts and, therefore, the biggest savings.

Looking at the total number of discounts, Electric has advantage when it comes to total number of discounts. Safe Auto offers a grand total of 14 discounts, while Electric has 17.

There are a couple discounts both companies offer, but Electric also offers ABS discounts, advance quote discounts, COVID-19 relief discount, and more that Safe Auto does not.

On the flip side, Safe Auto has a couple unique discounts of its own -- agency transfer discounts, claim free discounts, discounts for being a homeowner, and more.

Final Thoughts: Is Electric or Safe Auto Best for You?

You've seen the effect certain factors have on your car insurance and the different discounts carriers offer. That's all well and good, but at the end of the day, is Electric or Safe Auto the best carrier for you and your specific needs?

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

• You don't have any speeding tickets, DUIs, or at-fault accidents on your record.
• You live in an urban area.
• You are purchasing your auto insurance with a spouse.

Electric might be best for you if...

• You have above-average credit.
• You want to save extra money with discounts.
• You are over 65 years old and want to save some money on your insurance.

We hope this guide helps you get a good idea of the differences between Electric and Safe Auto. We also hope we've given you the information you need to make the best decision about your car 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 insurance -- comparing quotes from a handful of companies, not just Electric and Safe Auto. Luckily, sites like Compare.com do all the hard work for you. Simply enter your ZIP codes below and get multiple quotes from some of the best auto insurance carriers in your area, all for free.

Electric vs. Safe Auto FAQs

Is Electric or Safe Auto cheaper?

Looking just at the national average prices, Safe Auto is the more affordable of the two companies, offering average rates of $223 a month compared to $266 for Electric. Even so, Safe Auto won't necessarily be the lowest carrier for each driver, since there are several different variables (things like gender, age, driving record, etc.) that play a role in how much you pay.

Who is better, Electric or Safe Auto?

Unfortunately, the answer truly is "it depends.". No single company is necessarily "better" for everyone -- it all depends on what your unique car insurance profile looks like. For example, Safe Auto offers less expensive rates for single drivers, while Electric is cheaper for drivers who have already retired.

Why do Electric and Safe Auto offer me different rates?

Insurance carriers take a look at several different factors when calculating the premiums they charge policyholders. Variables such as age, where you live, gender, your driving record, and sometimes even things like your credit score can all come into play. Both Electric and Safe Auto calculate rates differently, so each one will most likely offer different premiums. The only real way to see which carrier is the cheapest for you is by comparing personalized quotes from lots of different companies.

How do I know if Electric or Safe 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 area information 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 price. And who knows, the best carrier for you might not be Electric or Safe Auto 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.