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

Quick Facts

• In general, Meemic offers less expensive premiums than Frankenmuth
• Frankenmuth has cheaper prices for policyholders who don't have any speeding tickets, DUIs, or at-fault accidents on their record
• Meemic tends to be a much more affordable option for policyholders who may not have much of a commute

Frankenmuth vs. Meemic: Which Company has the Cheapest Car Insurance?

So, you're considering switching your auto insurance. You've probably seen commercials and billboards from companies offering huge discounts, but exactly how much money can you save by switching?

You've maybe even narrowed your search down to Frankenmuth or Meemic as potential options, but between the two, which company has cheaper rates for car insurance?

As you can see, Frankenmuth has average rates that are about 12% per month more expensive than those from Meemic when looking at the national average rates for insurance.

However, that doesn't mean Meemic will necessarily be less expensive than Frankenmuth for every driver. Car insurance companies vary their prices depending on things like how old you are, how good your credit score is, how clean your driving record is, where you live, and all sorts of other factors, so premiums will vary quite a bit from person to person.

So, if you want to find out which of Frankenmuth or Meemic is really the best for you, keep reading to see average rates for each company broken down by a bunch of different rate factors.

Frankenmuth or Meemic: Average Car Insurance Rates by State

Frankenmuth and Meemic only compete against each other in Michigan, where Meemic offers the cheaper average premiums. For Michigan residents, Meemic offers insurance for $281 per month on average. Frankenmuth's average prices come out to be over 70% more expensive, at $507 monthly.

There's a lot more that goes into your auto insurance bill than just where you call home. Continue reading to see how other factors will affect your rates.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive insurance rates of any group on the road. Typically, 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.

But still, even with seemingly sky-high prices, teen drivers can still find ways to save money. Just look at the table above -- where 18-year-old drivers who have Meemic for their car insurance pay nearly $300 less than those who use Frankenmuth.

But both carriers will offer you dramatically lower premiums once you turn 25. For example, average rates for Frankenmuth policyholders lower almost $400 and Meemic's prices reduce more than $150 over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll usually enjoy the lowest auto 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 prices for car insurance.

So, which carrier offers the best rates to retired drivers? Frankenmuth gets the edge here, with average premiums coming in at around $215 a month compared to Meemic's $279.

Which is the Best Company for Married Drivers?

Single drivers tend to get offered slightly more expensive auto insurance rates than married drivers. This usually boils down to married policyholders having more than one car on their policy -- something a lot of insurance companies will reward with discounts.

When it comes to relationship status, Meemic is the clear winner for single policyholders, with prices about $67 a month more affordable than Frankenmuth, on average. It's not quite so glaring for married couples, where drivers who use Frankenmuth save around $5 per month.

Frankenmuth vs. Meemic: Average Rates by Gender

Men tend to pay more for car insurance than women. This is because men are more likely to get speeding tickets and get into collisions, which increases the chances of an insurance claim.

On average, women see premiums about $6 a month cheaper with Frankenmuth; and with Meemic, both genders end up paying the same monthly price.

Looking at overall affordability, Meemic comes out on top for both men and women, with average rates 12% less for men and 11% cheaper for women.

Frankenmuth or Meemic: 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.

Auto insurance can be a complicated subject for most people. There are many different coverages that account for a range of different things. Some protect you and your vehicle, while others only provide coverage for other people's property and health if you cause an accident.

The two most common policies that many drivers look at fall into two categories -- liability only (which covers the other party's property damage and injuries if you cause a collision) and full coverage (which includes comprehensive and collision coverages that protect your own vehicle, in addition to what you get with liability coverage).

If you're looking for state minimum liability limits, Meemic normally offers slightly more affordable premiums of $201 compared to Frankenmuth's $214. When it comes to full coverage policies with similar limits, Meemic again has the edge, with policies around $60 per month less expensive than Frankenmuth, on average.

Is Frankenmuth or Meemic Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their 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 collisions and tickets on your record, but which of these two carriers offers the most affordable prices to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Frankenmuth policyholders can expect their premiums to go up an average of $74 a month if they get a ticket, while Meemic generally raises rates about $100 per month, on average.

Even so, Frankenmuth is usually the more affordable option for drivers both with clean records and with a speeding ticket. Drivers with a clean record can save around $3 a month and drivers with a ticket can save about $29 per month with Frankenmuth Insurance.

Which Company is Best for Drivers After an Accident?

Both companies will increase prices pretty significantly if you get into an at-fault accident with Meemic increasing by just under $75. Frankenmuth has a less extreme increase, but you can still expect to pay over $40 more than you were prior to your first collision.

Overall, Frankenmuth offers the lowest rates for drivers with an at-fault accident on their records, with monthly prices averaging $214 compared to Meemic Insurance Company's $250.

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 car insurance bill -- generally a lot more than an accident or speeding ticket. Frankenmuth drivers usually see a 73% increase in their insurance premiums after a DUI charge, while Meemic will typically climb prices by around 58%.

If you have a DUI on your record and are looking for more affordable rates, Meemic tends to be the much cheaper option with average premiums of $421 monthly compared to $637 from Frankenmuth.

How does Credit Score Impact Frankenmuth and Meemic Rates?

In many cases, your credit score can be used as one of the variables to calculate your monthly auto insurance rates. Certain states and carriers do not allow for credit score to be used as a rating factor, but it might come into play for several drivers.

Car insurance companies argue that someone with bad credit is less likely to pay their bills on time, which makes them riskier to insure. Because of that, policyholders with bad credit will often be forced to pay more.

So, which company offers the best premiums for drivers with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

Michigan is one of a small number of states that prohibits auto insurance carriers from using credit scores to determine prices. And since Meemic is only available in Michigan, there is no data available on how credit score impacts rates because it's not a factor at all. This may be a good thing, since Frankenmuth and other companies tend to raise premiums quite a bit in other states if you don't have excellent credit.

Which Company is Best for Drivers with Bad Credit?

If you have bad credit and live in Michigan, the good news is it won't cost you extra when it comes to insurance. As you can see, poor credit can really cost Frankenmuth drivers in other states, but no need to worry if you live in Michigan.

Is Frankenmuth or Meemic 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 miles you put on your car, the more you can expect to pay for insurance.

In this case, neither Frankenmuth or Meemic report increasing prices for drivers with higher annual mileage figures. That being said, Meemic comes out as the cheapest for drivers at both intervals, whether they put 6,000 or 12,000 miles on their vehicle annually, with average rates of $281 a month for both.

Frankenmuth vs. Meemic: 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 auto insurance, but the type of area you live in can have a pretty big impact as well. Typically, if you live in an urban area with more cars on the road, you'll pay a little more for car insurance, while the opposite is true for people in rural areas.

When comparing these two carriers side-by-side, Meemic generally comes out as the cheapest option for drivers in every type of area, no matter if it's urban, suburban, or rural.

Policyholders in rural ZIP codes see the most affordable rates from both companies, but Meemic comes out on top with average premiums about $248 per month. Meemic also has less expensive average prices for drivers in urban and suburban ZIP codes -- a $77 and $15 per month respective difference when compared to Frankenmuth policyholders in similar areas.

Frankenmuth vs. Meemic Discounts

Regardless of why you might be in the market for a new insurance policy, you're always going to want to save as much money as possible. That's where auto insurance discounts comes into play.

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

Below, we've taken a look at all of the different discounts Frankenmuth and Meemic offer their customers so that you can easily see which company offers the most discounts and, therefore, the biggest savings.

Looking at the total number of discounts, Frankenmuth has advantage when it comes to total number of discounts. Meemic offers a grand total of eight discounts, while Frankenmuth has 11.

A couple of those are overlapping for things like discounts for being a defensive driver, multi-policy discounts, and paid in full discounts. Frankenmuth also offers advance quote discounts, distant student discounts, family discounts, and more that Meemic does not.

On the flip side, Meemic has a couple unique discounts of its own -- anti-theft discounts, employee discounts, discounts for being a good student, and more.

Final Thoughts: Is Frankenmuth or Meemic Best for You?

So, you've seen how different factors can affect your insurance rates. We've shown you all the discounts each company offers, too. But, when it comes down to it, which carrier is the right fit for you?

Meemic might be best for you if....

• You have a DUI charge on your record.
• You're looking for more protection with "full coverage" car insurance.
• You live in a rural area.

Frankenmuth might be best for you if...

• You haven't received any speeding tickets or been in a collision in the last few years.
• You want to save money on your auto insurance after an accident.
• You are over 65 years old and want to save some money on your car insurance.

We hope this guide has ben a valuable resource as you compare Frankenmuth and Meemic and that you can now make a more informed 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 several carriers, not just Frankenmuth and Meemic. 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 top car insurance companies in your area, all in just a few minutes.

Frankenmuth vs. Meemic FAQs

Is Frankenmuth or Meemic cheaper?

Looking just at the national average prices, Meemic is the cheaper of the two carriers, offering average rates of $281 a month compared to $318 for Frankenmuth. That being said, Meemic won't necessarily be the lowest company for everyone, since there are multiple different variables (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, Frankenmuth or Meemic?

Unfortunately, the only answer we can give you is "it depends.". No one carrier is necessarily "better" for everyone -- it all depends on the makeup of your unique auto insurance profile. For example, Meemic offers less expensive premiums for single drivers, while Frankenmuth is more affordable for drivers who have already retired.

Why do Frankenmuth and Meemic offer me different rates?

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

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

The only way to find the auto 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, Compare.com does all the hard work for you. Just enter your information once and you'll get free quotes from dozens of the best car insurance carriers in your area. With those, you can guarantee you're getting the best rate. And who knows, the best company for you might not be Frankenmuth or Meemic 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.