Encompass vs. Hallmark Financial: Which Company is the Best Fit for You?

Quick Facts

• In general, Hallmark Financial offers significantly more affordable rates than Encompass
• Encompass may help you save more money -- they offer more discounts than Hallmark Financial
• Hallmark Financial offers cheaper average premiums for drivers who have a speeding ticket on their driving record

Encompass or Hallmark Financial: 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 substantial savings. But exactly how much can you save by switching?

You might have narrowed your search down to Encompass or Hallmark Financial for your next policy, but which carrier will offer you less expensive rates?

As you can see, Encompass has average rates that are around 55% a month more expensive than those from Hallmark Financial when looking at the national average rates for insurance.

But that doesn't mean Hallmark Financial will necessarily be more affordable than Encompass for every single driver. Auto insurance carriers use a ton of complex algorithms to determine prices, so depending on how old you are or where you live (among quite a few other factors), you could see wildly different premiums from the ones above.

Wanting to know if Encompass or Hallmark Financial 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.

Encompass vs. Hallmark Financial: Average Car Insurance Rates by State

Encompass and Hallmark Financial only compete against each other in one states, with Hallmark Financial offering less expensive prices to the average driver in all of them. Nevada has the most noticable difference, where Hallmark Financial premiums are $480 cheaper than car insurance prices at Encompass.

There are plenty of other factors that go into your insurance payment than just the state you live in. Continue reading to see how other variables will affect your rates.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive auto insurance premiums of any other group of drivers. 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.

That being said, that doesn't mean teen drivers can't still save money on their insurance. For example, 18-year-old drivers pay an average of over 60% less per month by choosing Hallmark Financial over Encompass.

Even so, both companies will drop rates by the time you turn 25. For example, average premiums for Encompass policyholders lower about $500 and Hallmark Financial's rates reduce around $300 over that time.

Which is the Best Company for Retired Drivers?

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

When looking at Encompass and Hallmark Financial specifically, which carrier is best for retired drivers? Hallmark Financial gets the edge, with rates for drivers 65 and older $181 more affordable than the national average for Encompass.

Which is the Best Company for Married Drivers?

Did you know that insurance prices are typically more expensive for single policyholders than they are for married drivers? That's because policies for married policyholders normally cover more than one vehicle, which a lot of carriers will give you a discount for.

For those who are single, the difference in average premiums between these two companies is significant, with Hallmark Financial prices coming in at about half of Encompass's. The advantage for married couples with Hallmark Financial is also obvious, where drivers save more than $150 a month.

Encompass or Hallmark Financial: Average Rates by Gender

Men are statistically more likely than women to cause a collision and get into accidents, which means they'll generally end up paying more for car insurance than women.

Usually, women see rates around 5% per month less with Encompass, and about 9% less with Hallmark Financial.

Looking at the data for each company specifically, Hallmark Financial offers the cheapest average premiums for both men and women. On average, women save about $253 a month and men save around $256 with Hallmark Financial compared to the average Encompass policyholder.

Encompass vs. Hallmark Financial: 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.

For most people, insurance can be pretty complicated. There are so many different terms and coverages that it can make it pretty confusing to find the right policy for you.

However, most policies end up falling into two different types of coverage -- liability coverage (which covers the other party's injuries and property damage if you cause a collision) and full coverage (which usually refers to having collision and comprehensive coverages alongside what you get with a liability policy).

Looking specifically at state minimum liability insurance, Hallmark Financial has the significant edge, with average monthly prices coming in at $115. If you want a full coverage policy with the same state minimum limits, Hallmark Financial again has the edge, with policies averaging about $306 per month to Encompass's $629.

Is Encompass or Hallmark Financial Better for Drivers with Spotty Records?

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

Speeding tickets and at-fault collisions will most likely raise your prices, but is Encompass or Hallmark Financial less expensive for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Encompass for their car insurance can normally expect their monthly bill to go up around 21% after getting a speeding ticket. Hallmark Financial policyholders can expect a less drastic increase of about 7%.

But Hallmark Financial is generally the cheaper option for both drivers who have a recent ticket and those with clean records, offering premiums that are 15% and 28% less expensive, respectively, compared to Encompass Insurance.

Which Company is Best for Drivers After an Accident?

Both companies will raise rates pretty significantly if you get into an at-fault collision with Encompass climbing by around 31%. Hallmark Financial has a less extreme increase, but you can still expect to pay more than 15% more than you were prior to your first accident.

At the end of the day, drivers who use Hallmark Financial end up with the cheaper prices after an accident, with average prices coming in at $229 compared to Encompass Insurance's $328.

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, Encompass increases average premiums by more than $500 a month -- that's nearly a 80% increase.

But if you end up with a DUI charge and are looking for more affordable rates, Hallmark Financial tends to be more affordable for the average driver, with monthly premiums coming in at about $212 to Encompass's 1020.

How does Credit Score Impact Encompass and Hallmark Financial Rates?

Did you know many insurance carriers take your credit score into account when determining prices? This isn't true for everyone (for example, are two states that ban the practice entirely), but it does affect lots of drivers out there.

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

So, which carrier offers the best rates 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 Encompass or Hallmark Financial 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 car insurance carriers will charge for coverage. That's because the fewer miles you drive, the less likely you are to be in a collision 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 Hallmark Financial charges. However, there's a small difference in monthly premiums for Encompass, with policyholders who drive 6,000 miles annually paying around $2 less each month compared to those who drive 12,000 miles yearly. Still, for drivers in both categories, Hallmark Financial is the cheaper company.

Encompass or Hallmark Financial: 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. Typically, drivers who live in less densely populated rural areas will pay quite a bit less than urban policyholders because of the small number of cars that are on the roads where they live.

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

Those in rural areas can expect to save about $226 with Hallmark Financial compared to Encompass. People who live in suburban areas pay around $205 less with Hallmark Financial compared to Encompass. For drivers in urban ZIP codes, Hallmark Financial's average premiums are about $335 less than Encompass Insurance.

Encompass vs. Hallmark Financial 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, and the best way to do that is by utilizing as many auto insurance discounts as possible.

But where do you even start? With so many discounts out there, it may seem hard to find all the of the ones you can take advantage of.

Luckily, we did the hard work for you and compared all of the different discounts offered by Encompass and Hallmark Financial so that you can see which one can save you the most money each month.

Encompass blows Hallmark Financial away when it comes to the sheer amount of discounts available, offering 22 more discounts than Hallmark Financial.

Both companies offer a lot of the same discounts -- like discounts for being a defensive driver and passive restraint discounts -- but Encompass also offers discounts for ABS, advance quote, anti-theft, and more.

On the other hand, Hallmark Financial has a few proprietary discounts of their own like education discounts and foreign license discounts.

Final Thoughts: Is Encompass or Hallmark Financial Best for You?

You've seen the role 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, which company is the right company for you and your specific profile and needs?

Hallmark Financial might be best for you if....

• You haven't received any speeding tickets or been in an accident in the last few years.
• You're looking for the best rates on liability only coverage.
• Your neighborhood is in a rural area.

Encompass might be best for you if...

• You want to save extra money with discounts.

Hopefully, this guide has ben a valuable resource as you compare Encompass and Hallmark Financial. We also hope we've given you the information you need to make the best decision when it comes to your 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 auto insurance -- comparing quotes from a handful of companies, not just Encompass and Hallmark Financial. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your ZIP code below and get free quotes from dozens of top car insurance carriers in your area, all in just a few minutes.

Encompass vs. Hallmark Financial FAQs

Is Encompass or Hallmark Financial cheaper?

Hallmark Financial is the less expensive of the two companies when looking at national average prices, with policies averaging $211 per month with Hallmark Financial and $466 for Encompass. Even so, that doesn't mean Hallmark Financial will be the most affordable carrier for every driver, since there are a bunch of different variables that come into play when it comes to your insurance cost.

Who is better, Encompass or Hallmark Financial?

Unfortunately, the answer truly is "it depends.". One company is not "better" for each policyholder -- it all boils down to your unique auto insurance profile.

Why do Encompass and Hallmark Financial offer me different rates?

Insurance carriers use several different factors when calculating the premiums they charge. Variables such as 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 Encompass and Hallmark Financial calculate prices using different factors, so it's likely they'll offer different premiums. The best way to determine which carrier is the cheapest for you is by comparing personalized quotes from many different companies.

How do I know if Encompass or Hallmark Financial 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 area information and you'll get quotes from dozens of your local top car insurance companies for free. With those, you can guarantee you're getting the lowest premium. And maybe you'll find that the best carrier for you isn't Encompass or Hallmark Financial 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.