Emc vs. Iowa Mutual: Which Company is the Best Fit for You?

Quick Facts

• Based on national averages for car insurance, Emc offers significantly more affordable rates than Iowa Mutual
• Emc offers more affordable premiums for policyholders who have a clean record
• Emc tends to be a much less expensive option for policyholders who drive fewer than 12,000 miles every year

Emc or Iowa Mutual: 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 big savings. But exactly how much can you save by switching?

You might have narrowed it down to Emc or Iowa Mutual as potential options, but between the two, which one will save you the most?

Looking at nationwide averages, Emc is quite a bit cheaper than Iowa Mutual, with prices averaging $71 a month compared to $211 with Iowa Mutual.

Even so, that doesn't necessarily mean Emc will be the cheaper option for each driver. Insurance carriers use a ton of complex algorithms to determine premiums, so depending on how clean your driving record is or where you live (among a lot of other factors), you could see wildly different rates from the ones above.

So, if you want to find out which of Emc or Iowa Mutual is really the best for you, keep reading to see average premiums for each carrier broken down by a bunch of different rate factors.

Emc vs. Iowa Mutual: Average Car Insurance Rates by State

Both Emc and Iowa Mutual only offer auto insurance in Nebraska, so you'll see that the average figures here will mirror the ones we mentioned above. Emc drivers tend to pay about $140 per month less on average compared to drivers who use Iowa Mutual for their car insurance.

Typically, the state you live in will play a hefty role in how much you pay for insurance, but since both companies only do business in Nebraska, lots of other variables will come into play when you compare Emc and Iowa Mutual. Keep reading to find out more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive car insurance prices of any other group of drivers out there on the road. The reason is that teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

That being said, that doesn't mean teen drivers can't still save money on their auto insurance. As you can see above, teens who use Emc save over 70% a month compared to those who use Iowa Mutual.

However, with both companies, you'll see your rates reduce significantly by the time drivers turn 25. Iowa Mutual offers the steepest reduction, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. That being said, Emc still has the cheapest prices at $77 monthly.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll usually enjoy the most affordable insurance premiums you'll ever see. You've been on the road for years, and all that experience pays off when it comes to your monthly rates for auto insurance.

But who has the best premiums for retired drivers between Emc and Iowa Mutual? Emc gets the edge here, with average rates coming in at around $48 per month compared to Iowa Mutual's $146.

Which is the Best Company for Married Drivers?

Married couples tend to get slightly less expensive car insurance prices than those who are single. That's generally 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 rates between these two carriers is significant, with Emc prices coming in at about a third of Iowa Mutual's. For married policyholders, the advantage is clear again - Emc has the edge when it comes to average premiums.

Emc or Iowa Mutual: Average Rates by Gender

Men are statistically more likely than women to get into a collision or get pulled over for speeding, which means they'll normally end up paying more for auto insurance than women.

On average, men see prices around $7 per month higher with Emc, and about $35 with Iowa Mutual.

Looking at overall affordability, Emc offers the cheapest average premiums for both men and women. On average, women save about $127 a month and men save around $153 with Emc compared to the average Iowa Mutual policyholder.

Emc vs. Iowa Mutual: 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.

Insurance can be a complicated subject for most people. Everyone needs car insurance, but there are so many different limits and terms that it can be hard to find the right policy for you.

But most 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 typically refers to having collision and comprehensive coverages alongside what you get with a liability policy).

Looking specifically at state minimum limits for liability insurance, Emc has the significant edge, with average monthly rates coming in at $24. If you want a full coverage policy with the same state minimum limits, Emc again has the edge, with policies averaging about $118 per month to Iowa Mutual's $328.

Is Emc or Iowa Mutual 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.

It's no secret secret that speeding tickets and collisions lead to higher premiums, but which company -- Emc or Iowa Mutual -- has the most affordable prices for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Emc for their auto insurance can normally expect their monthly bill to go up around 4% after getting a speeding ticket. Iowa Mutual policyholders can expect a bit more drastic of an increase of about 6%.

However, Emc has more affordable rates for drivers in both categories, offering prices that are 59% and 60% cheaper, respectively, compared to Iowa Mutual.

Which Company is Best for Drivers After an Accident?

Emc drivers who get in a collision can expect to see their premiums climb by $7, while those who have insurance through Iowa Mutual will see around a $25 increase.

At the end of the day, Emc offers the lowest rates for drivers with an at-fault collision on their records, with average premiums coming in at $74 compared to Iowa Mutual's $191.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single accident or ticket when it comes to your car insurance bill. On average, Iowa Mutual will raise your prices about 48% after a DUI, while Emc's average rates rise by nearly 10%.

But if you end up with a DUI charge and are looking for more affordable prices, Emc tends to be more affordable for the average driver, with monthly premiums coming in at around $74 to Iowa Mutual's $315.

How does Credit Score Impact Emc and Iowa Mutual Rates?

Did you know many auto insurance companies take your credit score into account when determining premiums? This isn't true for everyone (Hawaii, for example, has banned the use of credit score as an auto insurance factor) but it might come into play for many policyholders.

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

Looking specifically at Iowa Mutual and Emc, which carrier has the most affordable prices for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have a great credit score, Emc will generally reward you the most. For drivers with "excellent" credit scores, Emc comes in just under 63.19 less expensive. Drivers with "good" credit scores typically save about 63% with Emc compared to average rates from Iowa Mutual.

Which Company is Best for Drivers with Bad Credit?

Emc typically offers lower premiums than Iowa Mutual when it comes to drivers with bad credit. Drivers with "fair" credit pay around 68% a month less with Emc compared to Iowa Mutual, and those with "poor" scores normally save an average of about 68% a month.

Is Emc or Iowa Mutual 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 sizable impact on your monthly prices? That's because the fewer miles you put on your car each year, the less likely you are to be in an accident and file an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Iowa Mutual charges. However, there's a significant difference in monthly premiums for Emc, with policyholders who drive the least paying around $15 less each month compared to those who drive 12,000 miles yearly. Still, for drivers in both categories, Emc is the cheaper carrier.

Emc or Iowa Mutual: 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 considerable impact as well. Generally, those who live in urban areas will pay more than policyholders in rural areas since there are a lot more vehicles on the roads where they live.

Emc tends to offer the cheapest prices for drivers in all areas, regardless of if they're urban, suburban, or rural.

Those in rural areas can expect to save about $119 with Emc compared to Iowa Mutual. People who live in suburban areas pay around $127 less with Emc compared to Iowa Mutual. For drivers in urban ZIP codes, EMC Insurance's average rates are about $173 less than Iowa Mutual.

Emc vs. Iowa Mutual 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 challenging to find all the ones you can take advantage of.

Luckily, we did the hard work for you and broke down all of the different discounts offered by both Emc and Iowa Mutual so that you can find the company that has the most discounts and, therefore, the largest savings.

Overall, Emc has a slight advantage when it comes to total number of discounts. Iowa Mutual offers a grand total of 12 discounts, while Emc has 13.

Both companies offer quite a few of the same discounts -- like anti-theft discounts, discounts for being a good student, and mature driver discounts -- but Emc also offers discounts for advance quote, distant student, EFT, and more.

On the other hand, Iowa Mutual has a few proprietary discounts of their own for things like claim free discounts, defensive driver discounts, hybrid vehicle discounts, and more.

Final Thoughts: Is Emc or Iowa Mutual Best for You?

So, you've seen how different factors can affect your insurance prices. We've shown you all the discounts each carrier offers, too. That's all well and good, but when it comes down to it, is Emc or Iowa Mutual the right fit for you?

Emc might be best for you if....

• Your driving record includes a DUI charge.
• You want to save money while purchasing auto insurance for a teenager.

Iowa Mutual might be best for you if...

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

Hopefully, this guide has ben a valuable resource as you compare Emc and Iowa Mutual. We also hope we've given you the information you need to make the best decision when it comes to your insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your auto insurance policy is to compare quotes from a handful of carriers, not just Emc and Iowa Mutual. Luckily, Compare.com makes it easy for you to do just that. Just enter your ZIP code below and get free quotes from dozens of the top car insurance companies in your area, all in just a few minutes.

Emc vs. Iowa Mutual FAQs

Is Emc or Iowa Mutual cheaper?

Emc is the less expensive of the two carriers when looking at national average premiums, with policies averaging $71 per month with Emc and $211 for Iowa Mutual. But that doesn't mean Emc will be the lowest company for every policyholder, since there are several different variables (things like driving record, age, gender, etc.) that play a role in how much you pay.

Who is better, Emc or Iowa Mutual?

Sadly, the answer truly is "it depends.". No single carrier is "better" for everyone -- it all depends on what your unique auto insurance profile looks like.

Why do Emc and Iowa Mutual offer me different rates?

Insurance companies use a lot of different factors when calculating 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 taken into consideration. Both Emc and Iowa Mutual calculate premiums using different factors, so it's likely they'll offer different rates. The best way to determine which company is the most affordable for you is by comparing personalized quotes from many different carriers.

How do I know if Emc or Iowa Mutual is right for me?

The only way to find the car insurance carrier that's right for you is by getting quotes from multiple companies 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 ZIP code and you'll get quotes from dozens of your local top insurance carriers for free. That way, you can guarantee you're getting the best price. And maybe you'll find that the best company for you isn't Emc or Iowa Mutual 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.