Frankenmuth vs. Hastings Mutual: Which Company is the Best Fit for You?

Quick Facts

• Based on national averages for car insurance, Hastings Mutual offers significantly more affordable prices than Frankenmuth
• Frankenmuth may help you save more money -- they offer more discounts than Hastings Mutual Insurance Company
• Hastings Mutual has cheaper rates for single people who will be the only person on the insurance policy

Frankenmuth or Hastings 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 hefty savings. But exactly how much can you save by switching?

You might be considering Frankenmuth or Hastings Mutual, but between the two, which carrier will save you the most?

Looking at nationwide averages, Hastings Mutual has average rates that are around 35% a month less expensive than those from Frankenmuth.

But Hastings Mutual may not be the most affordable or best option for each driver out there. After all, auto insurance carriers can offer drastically different rates to every driver depending on rating factors like where you call home, your age, your driving record, or even your credit score (among other things). So, at the end of the day, premiums from each carrier will differ quite a bit from person to person.

Luckily, we've broken down average rates from both Frankenmuth and Hastings Mutual by a bunch of different rate factors, so read on to find out which company is the best for you.

Frankenmuth vs. Hastings Mutual: Average Car Insurance Rates by State

Frankenmuth and Hastings Mutual only compete against each other in two states, with Frankenmuth offering more affordable prices to the average driver in all of them. Ohio has the most noticable difference, where Hastings Mutual premiums are $32 less expensive than car insurance prices at Frankenmuth.

That being said, there's a lot more that goes into your auto insurance cost 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?

Young drivers -- especially teens -- usually pay a lot for insurance compared to older drivers. That's because teen drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

However, that doesn't mean that teen drivers have to just accept sky-high car insurance rates. For example, 18-year-old drivers pay an average of over 45% less per month by choosing Hastings Mutual over Frankenmuth.

Even so, both companies will offer you dramatically lower premiums by the time you turn 25. For example, average rates for Frankenmuth policyholders reduce about $400 and Hastings Mutual's prices lower around $150 over that time.

Which is the Best Company for Retired Drivers?

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

But who has the best premiums for retired drivers between Frankenmuth and Hastings Mutual? Hastings Mutual gets the edge, with rates for drivers 65 and older more than 20% cheaper than the national average for Frankenmuth.

Which is the Best Company for Married Drivers?

Did you know that insurance prices are generally more expensive for single policyholders than they are for married drivers? This usually boils down to married policyholders having more than one vehicle on their policy -- something several auto insurance carriers will reward with discounts.

For single drivers, the difference in average premiums between these two companies is significant, with Hastings Mutual prices coming in at a third less than Frankenmuth's. The advantage is also clear for married couples - Hastings Mutual offers the most affordable average premiums.

Frankenmuth or Hastings Mutual: Average Rates by Gender

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

On average, men see rates about 2% a month higher with Frankenmuth, but with Hastings Mutual, the difference is closer to 2% per month.

Looking at the data for each carrier specifically, Hastings Mutual offers the lowest average premiums for both men and women. On average, women save about $107 a month and men save around $108 with Hastings Mutual compared to the average Frankenmuth policyholder.

Frankenmuth vs. Hastings 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.

For most people, car insurance isn't the easiest topic to understand. There are so many different coverages and limits that it can make it pretty confusing to find the right policy for you.

That being said, most policies end up falling into two different types of coverage -- 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 usually refers to having collision and comprehensive coverages alongside what you get with a liability policy).

Looking specifically at state minimum liability insurance, Hastings Mutual has the significant edge, with average monthly rates coming in at $142. If you want a full coverage policy with the same state minimum limits, Hastings Mutual again has the edge, with policies averaging about $279 per month to Frankenmuth's $422.

Is Frankenmuth or Hastings Mutual Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their auto insurance. But that's not to say you can't save money if you don't have the best driving record, either.

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

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Frankenmuth for their car insurance can normally expect their monthly bill to go up around 30% after getting a speeding ticket. Hastings Mutual policyholders can expect a less drastic increase of about 16%.

But Hastings Mutual tends to offer the best prices for both drivers who have a recent ticket and those with clean records, offering rates that are 37% and 48% more affordable, respectively, compared to Frankenmuth Insurance.

Which Company is Best for Drivers After an Accident?

Frankenmuth drivers who get in a collision can expect to see their premiums rise by over $40, while those who have insurance through Hastings Mutual will see around a $15 increase.

At the end of the day, drivers who use Hastings Mutual end up with the cheaper prices after an accident, with average prices coming in at $126 compared to Frankenmuth Insurance's $214.

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. Frankenmuth drivers usually see a 73% raise in their insurance rates after a DUI charge, while Hastings Mutual will generally increase prices by about 77%.

But if you end up with a DUI charge and are looking for more affordable premiums, Hastings Mutual tends to be cheaper for the average driver, with monthly premiums coming in at around $478 to Frankenmuth's $637.

How does Credit Score Impact Frankenmuth and Hastings Mutual Rates?

Did you know many car insurance companies take your credit score into account when determining prices? This isn't true for everyone (for example, Michigan and Hawaii are two states that ban the practice entirely), but it will come into play for quite a few policyholders.

The reasoning insurance carriers 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 rates.

Looking at Frankenmuth and Hastings Mutual specifically, which company has the best premiums 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 Frankenmuth or Hastings Mutual 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 auto insurance payment. Normally, the more milage you put on your car, the more you can expect to pay for car insurance.

In this case, neither Frankenmuth or Hastings Mutual report increasing prices for drivers with higher annual mileage figures. Hastings Mutual comes out as the lowest for drivers at both intervals, whether they put 6,000 or 12,000 miles on their vehicle every year, with average premiums of $211 a month for both.

Frankenmuth or Hastings Mutual: Compare Rates for Urban, Suburban, and Rural Drivers

Where you call home can play a substantial role in how much you pay for insurance. Typically, if you live in a rural area with fewer cars on the road, you'll pay a little less for auto insurance, while the opposite is true for people in urban areas.

Hastings Mutual boasts the most affordable average prices for drivers in all types of areas, no matter if they're urban, suburban, or rural.

Those in rural areas can expect to pay about $164 per month with Hastings Mutual and $266 with Frankenmuth. People in suburban areas pay a monthly price of around $177 with Hastings Mutual compared to $288 with Frankenmuth. In urban areas, Hastings Mutual's average premiums are about $291 while Frankenmuth offers rates around $399.

Frankenmuth vs. Hastings Mutual Discounts

No matter why you might be in the market for a new 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 taking advantage of as many auto insurance discounts as possible.

But with what seems like a million different discounts out there, it can be challenging to nail down the carrier that has the most discounts for your unique driver profile and to find all the discounts you're eligible for.

Luckily, we did the hard work for you and broke down all of the different discounts offered by both Frankenmuth and Hastings Mutual so that you can easily see which company offers the most discounts and see which ones you might be able to take advantage of.

Overall, Frankenmuth has a slight advantage when it comes to total number of discounts. Hastings Mutual offers a grand total of 10 discounts, while Frankenmuth has 11.

Both companies offer several of the same discounts -- like discounts for being a defensive driver, discounts for being a good driver, and passive restraint discounts -- but Frankenmuth also offers discounts for advance quote, distant student, family discount, and more.

On the other hand, Hastings Mutual has a few proprietary discounts of their own for things like ABS discounts, anti-theft discounts, company car discounts, and more.

Final Thoughts: Is Frankenmuth or Hastings Mutual Best for You?

So, you've seen how different factors can affect your car insurance premiums. We've broken down the different discounts each company offers, too. That's all well and good, but when it comes down to it, is Frankenmuth or Hastings Mutual the best fit for you?

Hastings Mutual might be best for you if....

• You will be the only person on the auto insurance policy.
• Your home is in a busy urban area.
• You're of retirement age and want to take advantage of lower prices.

Frankenmuth might be best for you if...

• You're looking for the carrier with the most discounts.

Hopefully, this guide helps you get a good idea of the differences between Frankenmuth and Hastings Mutual. We also hope we've given you the information you need to make the best decision about your car 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 several carriers, not just Frankenmuth and Hastings Mutual. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code below and get free quotes from dozens of top car insurance companies in your area, all in just a few minutes.

Frankenmuth vs. Hastings Mutual FAQs

Is Frankenmuth or Hastings Mutual cheaper?

Hastings Mutual is the cheaper of the two carriers when looking at national average rates, with policies averaging $211 per month with Hastings Mutual and $318 for Frankenmuth. However, that doesn't mean Hastings Mutual will be the cheapest company for each policyholder, since there are multiple different variables that come into play when it comes to your auto insurance bill.

Who is better, Frankenmuth or Hastings Mutual?

Unfortunately, the answer truly is "it depends.". One carrier is not necessarily "better" for everyone -- it all depends on what your unique insurance profile looks like.

Why do Frankenmuth and Hastings Mutual offer me different rates?

Car insurance companies use lots of different factors when calculating the premiums they charge. Things such as where you live, where you park your car, age, gender, and sometimes even things like your credit score can all come into play. Both Frankenmuth and Hastings Mutual calculate rates differently, so it's likely they'll offer different prices. The best way to determine which company is the lowest for you is by comparing personalized quotes from many different carriers.

How do I know if Frankenmuth or Hastings Mutual is right for me?

The only way to find the insurance carrier that's right for you is by getting quotes from a handful of 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 information once and you'll get quotes from dozens of your local top auto insurance carriers for free. With those, you can guarantee you're getting the best premium. And maybe you'll find that the best company for you isn't Frankenmuth or Hastings 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.