Electric vs. United Financial Casualty Company: Which Company is the Best Fit for You?

Quick Facts

• Looking at the national averages for insurance, United Financial Casualty Company offers significantly cheaper prices than Electric
• United Financial Casualty Company offers more affordable average rates for policyholders who drive fewer than 6,000 miles every year
• United Financial Casualty Company offers more affordable premiums for policyholders who live in rural neighborhoods

Electric or United Financial Casualty Company: Which Company has the Cheapest Car Insurance?

So, you're considering switching to 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 might be considering Electric or United Financial Casualty Company for your next policy, but which carrier will save you the most?

Looking at the national average rates for both carriers, United Financial Casualty Company has average rates that are around 50% a month less expensive than those from Electric.

Even so, that doesn't necessarily mean United Financial Casualty Company will be the more affordable option for each driver. Auto insurance companies use a ton of complex algorithms to determine prices, so depending on how good your credit score is or where you live (among numerous other factors), you could see wildly different rates from the ones above.

Luckily, we've broken down average prices from both Electric and United Financial Casualty Company by several different rate factors, so read on to find out which company is the best for you.

Electric vs. United Financial Casualty Company: Average Car Insurance Rates by State

Electric and United Financial Casualty Company only compete against each other in one states, with United Financial Casualty Company offering less expensive rates to the average driver in all of them. Maine has the most noticable difference, where United Financial Casualty Company premiums are $106 cheaper than insurance prices at Electric.

There are plenty of other factors that go into your car insurance bill than just the state you live in. Keep reading to find out more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers usually pay a lot more for auto insurance than any group out there on the road. That's generally because teen drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

But that doesn't mean teen drivers can't still save money on their insurance. As you can see above, teens who use United Financial Casualty Company save over 45% per month compared to those who use Electric.

However, both carriers will reduce rates by the time you turn 25. United Financial Casualty Company offers the steepest decrease, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. Electric's average premiums drop almost 55% during that same period.

Which is the Best Company for Retired Drivers?

Drivers around retirement age typically enjoy some of the lowest car insurance rates you'll ever see. After all, they've likely been driving for quite some time, which normally lowers their chances of collisions and other infractions that can raise premiums.

But who has the best prices for retired drivers between Electric and United Financial Casualty Company? United Financial Casualty Company gets the edge, with rates for drivers 65 and older more than 45% more affordable than the national average for Electric.

Which is the Best Company for Married Drivers?

You may not be aware, but auto insurance premiums tend to be less expensive for married policyholders than they are for those who are single. This usually boils down to married drivers having more than one vehicle on their policy -- something several insurance companies will reward with discounts.

For single policyholders, the difference in average prices between these two carriers is significant, with United Financial Casualty Company premiums coming in at about half of Electric's. The advantage is also clear for married couples - United Financial Casualty Company offers the most affordable average prices.

Electric or United Financial Casualty Company: Average Rates by Gender

Men are statistically more likely than women to get pulled over for speeding or get into a collision. That means when it comes to car insurance men will usually end up paying a little more.

Usually, women see rates around $20 a month cheaper with Electric, and about $2 less with United Financial Casualty Company.

Looking at overall affordability, United Financial Casualty Company comes out as the cheapest option for both genders, with average premiums 51% less for men and 49% cheaper for women.

Electric vs. United Financial Casualty Company: 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.

The two most common policies that drivers look at fall into two categories -- liability coverage (which provides property damage and bodily injury coverage for other drivers and their passengers if you cause an accident) and full coverage (which includes two additional coverages -- collision and comprehensive -- in addition to what you get with a liability policy).

Looking specifically at state minimum limits for liability insurance, United Financial Casualty Company has the significant edge, with average monthly rates coming in at $79. If you want a full coverage policy with the same state minimum limits, United Financial Casualty Company again has the edge, with policies averaging around $187 per month to Electric's $383.

Is Electric or United Financial Casualty Company Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from insurance companies 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 speeding tickets and at-fault accidents lead to higher rates, but which carrier -- Electric or United Financial Casualty Company -- has the lowest premiums for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Electric for their car insurance can generally expect their monthly bill to go up about 12% after getting a speeding ticket. United Financial Casualty Company policyholders can expect a bit more drastic of an increase of around 25%.

That being said, United Financial Casualty Company is normally the more affordable option for both drivers who have a recent ticket and those with clean records -- their rates are around 50% less expensive for drivers with clean records and 42% cheaper for those with a ticket.

Which Company is Best for Drivers After an Accident?

Electric drivers who get in a collision can expect to see their prices climb by over 10%, while those who have insurance through United Financial Casualty Company will see about a 35% increase.

At the end of the day, United Financial Casualty Company offers the most affordable premiums for drivers with an at-fault collision on their records, with average prices coming in at $158 compared to Electric Insurance Company's $236.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge on your record, it's probably going to cost you more than a simple speeding ticket or even an accident. For example, Electric increases average rates by nearly $200 a month -- that's more than a 45% increase.

But if you end up with a DUI charge and are looking for more affordable premiums, United Financial Casualty Company tends to be more affordable for the average driver, with monthly premiums coming in at around $134 to Electric's $385.

How does Credit Score Impact Electric and United Financial Casualty Company Rates?

In many cases, your credit score can come into play when carriers calculate your monthly bill. This isn't true for everyone (for example, Massachusetts and California are two states that ban the practice entirely), but it might come into play for many policyholders.

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

So, which company offers the cheapest rates for policyholders with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Electric or United Financial Casualty Company 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 your monthly car insurance payment. Normally, the more milage you put on your car each year, the more you can expect to pay for auto insurance.

For both remote workers and those taking short commutes, United Financial Casualty Company tends to be the cheaper option. Electric's average premiums for drivers with 6,000 annual miles come in about 48% more expensive than United Financial Casualty Company. Those who drive 12,000 miles annually can expect to pay around 52% more with Electric over United Financial Casualty Company.

Electric or United Financial Casualty Company: Compare Rates for Urban, Suburban, and Rural Drivers

Where you call home can have a considerable impact on your monthly insurance cost. Usually, drivers who live in less densely populated rural areas will pay quite a bit less than urban policyholders because of the small number of vehicles that are on the roads where they live.

When comparing these two carriers side-by-side, United Financial Casualty Company typically comes out as the most affordable option for drivers in every type of area, no matter if it's urban, suburban, or rural.

For drivers in urban ZIP codes, United Financial Casualty Company's average rates are about 54% less than Electric Insurance Company. People who live in suburban areas pay around 43% less with United Financial Casualty Company compared to Electric. Those in rural areas can expect to save about 52% with United Financial Casualty Company compared to Electric.

Electric vs. United Financial Casualty Company Discounts

No matter why you might be in the market for a new car insurance policy, you're always going to want to save as much money as you can. That's where auto insurance discounts comes into play.

But with what seems like a million different discounts out there, it can be hard to find all the ones you qualify for or to nail down the company that has the most discounts for your unique driver profile.

Luckily, we did the hard work for you and broke down all of the different discounts offered by both Electric and United Financial Casualty Company so that you can easily see which company offers the most discounts and, therefore, the largest savings.

Looking at the total number of discounts, United Financial Casualty Company comes out ahead with 18 discounts to Electric's 17.

A couple of those are overlapping for things like anti-theft discounts, discounts for being a defensive driver, and discounts for being a good student. United Financial Casualty Company also offers discounts for continuous insurance, distant student, e-signature, and more.

On the other hand, Electric has a few proprietary discounts of their own for things like ABS discounts, advance quote discounts, COVID-19 relief discount, and more.

Final Thoughts: Is Electric or United Financial Casualty Company Best for You?

So, we've broken down the average premiums for many of the variables car insurance companies look at, and walked through the different discounts each carrier offers, too. That's all well and good, but at the end of the day, which insurance company is the right fit for you?

United Financial Casualty Company might be best for you if....

• You've received a ticket for speeding recently and don't want to see your prices increase.
• Your neighborhood is in the suburbs.
• You drive fewer than 12,000 miles yearly.

Electric might be best for you if...

• You have a more unique driver profile than those we mentioned above.

Hopefully, this guide helps you get a good idea of the differences between Electric and United Financial Casualty Company. We also hope we've given you the information you need to make the best decision about your auto insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your insurance policy is to compare quotes from a handful of carriers, not just Electric and United Financial Casualty Company. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your ZIP code below and get multiple quotes from some of the best car insurance companies in your area, all for free.

Electric vs. United Financial Casualty Company FAQs

Is Electric or United Financial Casualty Company cheaper?

United Financial Casualty Company is the less expensive of the two carriers when looking at national average rates, with policies averaging $133 per month with United Financial Casualty Company and $266 for Electric. But that doesn't mean United Financial Casualty Company will be the cheapest carrier for each policyholder, since there are a variety of different factors that are considered when it comes to your auto insurance payment.

Who is better, Electric or United Financial Casualty Company?

Sadly, the only answer we can give you is "it depends.". Neither company is "better" for every policyholder -- it all depends on the makeup of your unique insurance profile.

Why do Electric and United Financial Casualty Company offer me different rates?

Auto insurance companies use lots of different variables when determining the prices they charge. Things such as your driving record, where you park your car, gender, age, and sometimes even things like your credit score can all be used. Both Electric and United Financial Casualty Company calculate rates using 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 many different carriers.

How do I know if Electric or United Financial Casualty Company is right for me?

The only way to find the insurance company that's right for you is by getting quotes from several 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 ZIP code and you'll get quotes from dozens of your local top car insurance carriers for free. With those, you can guarantee you're getting the cheapest premium. And maybe you'll find that the best carrier for you isn't Electric or United Financial Casualty Company 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.