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

Quick Facts

• Looking at the national averages for auto insurance, Frankenmuth offers slightly cheaper rates than Metlife
• Frankenmuth offers more affordable premiums for single people who will be the only person on the insurance policy
• Metlife tends to be a much more affordable option for policyholders who are looking to purchase insurance with a spouse

Frankenmuth or Metlife: Which Company has the Cheapest Car Insurance?

So, you're thinking about switching to a new insurance policy. With so many ads from all sorts of companies offering huge savings, you're probably wondering exactly how much you might be able to save.

You might be considering Frankenmuth or Metlife as potential options, but which one has less expensive rates for car insurance?

Looking at nationwide averages, Metlife is around $22 more a month than Frankenmuth.

But that doesn't necessarily mean Frankenmuth will be the more affordable option for each driver. After all, auto insurance carriers can offer drastically different rates to every driver depending on rating factors like your age, where you call home, your credit score, or even your driving record (among other things). So, at the end of the day, premiums from each carrier will differ quite a bit from person to person.

Wanting to know if Frankenmuth or Metlife is really the right company for you? Keep on reading to see how average prices can change based on all of the factors we've mentioned above.

Frankenmuth vs. Metlife: Average Car Insurance Rates by State

Frankenmuth and Metlife only compete against each other in two states, with Metlife offering less expensive premiums to the average driver in all of them. Michigan has the most noticable difference, where Metlife prices are $274 cheaper than insurance rates at Frankenmuth.

But there's more to auto insurance than just the state you live in. As we mentioned above, there's a lot of things that go into how car insurance companies determine your prices. Continue reading to learn more about how other variables will affect your rates.

Which is the Best Company For Young Drivers?

You might already know that teen drivers usually pay a lot more for insurance than any other group of drivers out there on the road. That's typically because teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

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 30% less per month by choosing Frankenmuth over Metlife.

Even so, with both carriers, you'll see your premiums reduce significantly by the time you turn 25. Metlife offers the steepest drop, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. Frankenmuth's average prices decrease more than 55% during that same period.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll normally enjoy the cheapest auto insurance rates 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 insurance.

But who has the best prices for retired drivers between Frankenmuth and Metlife? In this case, Metlife has the slight edge, with premiums about $10 a month less than Frankenmuth. That being said, the difference is only around 5%, so other factors (like where you live or your credit score) will likely come into play when determining which carrier has the lowest rates for you.

Which is the Best Company for Married Drivers?

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

For those who are single, the difference in average rates between these two carriers is significant, with Frankenmuth premiums coming in at about 15% less than Metlife's. The advantage for married drivers with Metlife is also obvious, where drivers save around $40 per month.

Frankenmuth or Metlife: Average Rates by Gender

Did you know women generally pay less for car insurance than men? That's because men are more likely to get tickets and get into collisions, which raises the chances of filing a claim with insurance.

Men usually pay about 2% more a month than women with Frankenmuth, and almost 10% with Metlife.

Looking at overall affordability, Frankenmuth comes out as the cheapest option for both genders. On average, women save about $11 per month and men save around $33 with Frankenmuth compared to the average Metlife policyholder.

Frankenmuth vs. Metlife: 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, auto insurance isn't the easiest topic to understand. Everyone needs insurance, but there are so many different coverages and terms that it can be hard to find the right policy for you.

The two most common policies that drivers look at fall into two categories -- liability coverage (that covers property damage and bodily injury for other drivers and their passengers if you cause a collision) 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 liability insurance, Frankenmuth has the slight edge, with average monthly prices coming in at $214. If you want a full coverage policy with the same state minimum limits, Frankenmuth again has the edge, with policies averaging about $422 a month to Metlife's $466.

Is Frankenmuth or Metlife Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from car insurance companies offering great premiums 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 collisions lead to higher rates, but which company -- Frankenmuth or Metlife -- has the lowest premiums for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Frankenmuth for their auto insurance can typically expect their monthly bill to go up around 30% after getting a speeding ticket. Metlife policyholders can expect a less drastic increase of about 21%.

But Frankenmuth has less expensive prices for drivers in both categories. With Frankenmuth Insurance, drivers with a clean record can save around $47 per month and drivers with a ticket can save about $32 a month.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their insurance through Frankenmuth can expect to see around an $41 -- or about 19% -- rise in their car insurance rates. Drivers who use Metlife for their insurance will see a monthly bill around $148 (or 40%) more expensive after reporting an accident to their car insurance carrier.

At the end of the day, Frankenmuth offers the most affordable premiums for drivers with an at-fault collision on their records, with average prices coming in at $214 compared to MetLife's $368.

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 a collision. On average, Frankenmuth will climb your rates about 73% after a DUI, while Metlife's average prices climb by more than 55%.

How does Credit Score Impact Frankenmuth and Metlife Rates?

Often times, 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 an insurance factor, but it will come into play for a lot of drivers.

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.

Looking at Frankenmuth and Metlife specifically, which carrier has the lowest premiums for drivers 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 Metlife 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 considerable impact on your monthly prices? Usually, the more milage you put on your car, the more you can expect to pay for coverage.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Frankenmuth charges. However, there's a small difference in monthly rates for Metlife, with policyholders who drive the least paying around $3 less every month compared to those who drive 12,000 miles yearly. Still, for drivers in both categories, Frankenmuth is the cheaper company.

Frankenmuth or Metlife: 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 car insurance, but the type of area you live in can have a pretty big impact as well. Normally, those who live in urban areas will pay more than policyholders in rural areas because of the number of vehicles that are on the roads where they live.

Looking at these carriers side-by-side, Frankenmuth tends to offer the cheapest option for drivers in rural and suburban areas, while Metlife wins in urban areas.

Those in rural areas can expect to pay about $266 a month with Frankenmuth and $299 with Metlife. Drivers in suburban ZIP codes pay around $288 with Frankenmuth compared to Metlife's $333 monthly. For drivers in urban ZIP codes, Metlife's average premiums are about $389 while Frankenmuth offers prices around $399.

Frankenmuth vs. Metlife Discounts

You want to save as much money as you can, right? 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 challenging to find all the of 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 Frankenmuth and Metlife so that you can find the company that has the most discounts and, therefore, the largest savings.

Metlife blows Frankenmuth away when it comes to the sheer amount of discounts available, offering 36 different discounts to Frankenmuth's 11.

A couple of those are overlapping for things like discounts for being a good driver, group discounts, and passive restraint discounts. Metlife also offers discounts for AAA, ABS, academic, and more.

On the other hand, Frankenmuth has a few proprietary discounts of their own for things like advance quote discounts, family discounts, and paid in full discounts.

Final Thoughts: Is Frankenmuth or Metlife Best for You?

You've seen the role certain factors have on your car insurance and the different discounts companies offer. But, at the end of the day, which insurance company is the right carrier for you and your specific needs?

Frankenmuth might be best for you if....

• You have a clean driving record, free of accidents, tickets, or DUIs.
• You already have a great credit score.
• You live in a rural neighborhood.

Metlife might be best for you if...

• Your driving record includes a DUI charge.
• You're married and plan to have both of your names on the vehicle's auto insurance policy.

Hopefully, this guide helps you get a better idea of the difference between Frankenmuth and Metlife. We also hope we've given you the information you need to make the best decision about 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 multiple carriers, not just Frankenmuth and Metlife. Luckily, sites like Compare.com make it easy for you to do just that. Simply enter your ZIP codes below and get free quotes from dozens of top insurance companies in your area, all in just a few minutes.

Frankenmuth vs. Metlife FAQs

Is Frankenmuth or Metlife cheaper?

Frankenmuth is the more affordable of the two carriers when looking at national average premiums, with policies averaging $318 per month with Frankenmuth and $340 for Metlife. Even so, that doesn't mean Frankenmuth will be the most affordable carrier for each policyholder, since there are a variety of different variables that come into play when it comes to your car insurance cost.

Who is better, Frankenmuth or Metlife?

Unfortunately, the real answer is "it depends.". Neither company is necessarily "better" for everyone -- it all depends on the makeup of your unique insurance profile. For example, Metlife is less expensive for drivers who have already retired, while Frankenmuth offers cheaper prices for single drivers.

Why do Frankenmuth and Metlife offer me different rates?

Car insurance companies use several different factors when determining the rates they charge. 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 Metlife calculate prices using different factors, so it's likely they'll offer different rates. The best way to determine which carrier is the cheapest for you is by comparing personalized quotes from several different carriers.

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

The only way to find the auto insurance company 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 area information and you'll get quotes from dozens of your local top insurance carriers 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 Frankenmuth or Metlife 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.