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

Quick Facts

• In general, Frankenmuth offers significantly cheaper prices than Michigan
• Frankenmuth offers more affordable premiums for policyholders who have a clean driving record, free of accidents, tickets, or DUIs
• Michigan offers more discounts than Frankenmuth Insurance

Frankenmuth vs. Michigan: 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 Michigan for your next policy, but between the two, which carrier has less expensive rates for insurance?

As you can see, Frankenmuth has average rates that are about 35% per month more affordable than those from Michigan when looking at the national average rates for auto insurance.

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

Luckily, we've broken down average premiums from both Frankenmuth and Michigan by many different rate factors, so read on to find out which company is the best for you.

Frankenmuth or Michigan: Average Car Insurance Rates by State

Frankenmuth and Michigan only compete against each other in Michigan, where Michigan offers the cheaper average prices. For Michigan residents, Michigan offers insurance for $480 per month on average. Frankenmuth's average rates come out to be more expensive, at $507 a month.

That being said, there are plenty of other factors that go into your auto insurance bill than just the state you live in. 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 premiums of any group out there on the road. The reason is that young, inexperienced drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

But still, even with seemingly sky-high rates, teen drivers can still find ways to save money. For example, 18-year-old drivers pay an average of more than $500 less a month by choosing Frankenmuth over Michigan.

However, with both carriers, you'll see your prices lower significantly once you turn 25. For example, average rates for Frankenmuth policyholders drop over 55% and Michigan's premiums decrease more than 70% over that time.

Which is the Best Company for Retired Drivers?

When it comes to auto insurance, patience and experience pay off, with drivers around retirement age paying some of the most affordable prices you can find.

So, which carrier offers the best rates to retired drivers? Frankenmuth gets the edge here, with average premiums coming in at around $215 monthly compared to Michigan's $326.

Which is the Best Company for Married Drivers?

You may not be aware, but insurance prices tend to be more expensive for single drivers than they are for married drivers. That's usually because married couples tend to own and insure multiple cars, which can often earn you a discount.

When it comes to relationship status, Frankenmuth is the clear winner for single policyholders, with rates about $219 per month less expensive than Michigan, on average. The advantage is also clear for married policyholders - Frankenmuth offers the lowest average prices.

Frankenmuth vs. Michigan: Average Rates by Gender

Because men are more likely to get speeding tickets and get into collisions, they have an increased chance of filing a claim with insurance. Therefore, insurance companies will tend to offer men more expensive premiums.

Women normally pay around $6 a month less than men with Frankenmuth; men and women end up paying the same monthly rates with Michigan.

When it comes to the cheapest prices for each gender, Frankenmuth comes out on top for both men and women, with average premiums $159 less for men and $165 cheaper for women.

Frankenmuth or Michigan: 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 a bunch of 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.

Even so, most 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, alongside liability).

If you're looking for state minimum liability insurance, Frankenmuth generally offers significantly more affordable rates of $214 compared to Michigan's $312. When it comes to full coverage policies with similar limits, Frankenmuth again has the edge, with policies about $250 per month cheaper than Michigan, on average.

Is Frankenmuth or Michigan 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 lowest premiums to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Frankenmuth policyholders can expect their prices to go up an average of $74 a month if they get a ticket, while Michigan typically raises rates around $205 per month, on average.

That being said, Frankenmuth tends to offer the best prices for drivers both with clean records and with a speeding ticket, offering prices that are 38% and 49% less expensive, respectively, compared to Michigan Insurance Company.

Which Company is Best for Drivers After an Accident?

Both companies will increase premiums pretty significantly if you get into an at-fault accident with Michigan increasing by $150. 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, the more affordable rates come from Frankenmuth, with monthly prices averaging $214 compared to Michigan Insurance Company's $431.

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. Frankenmuth drivers usually see a 73% raise in their auto insurance premiums after a DUI charge, while Michigan will generally increase rates by about 61%.

If you have a DUI on your record and are looking for more affordable prices, Frankenmuth tends to be the much cheaper option with average premiums of $637 per month compared to $723 from Michigan.

How does Credit Score Impact Frankenmuth and Michigan Rates?

Did you know that many car insurance carriers take into account your credit score when calculating rates? Certain states and companies do not allow for credit score to be used as a rating factor, but it might come into play for several drivers.

Insurance carriers argue that those with good credit scores are more likely to pay their bills on time each month, which lowers the risk involved on their end, while the opposite is true for those with bad credit.

Looking specifically at Frankenmuth and Michigan, which one has the most affordable prices for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

Michigan is one of a small number of states that prohibits car insurance companies from using credit scores to calculate premiums. And since Michigan 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 carriers 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 less-than-stellar credit and live in Michigan, the good news is it won't cost you extra when it comes to auto 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 Michigan Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a large impact on your monthly insurance cost. That's because the fewer miles you drive, the less likely you are to get into an accident and cause an insurance claim.

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 pretty significant difference in monthly prices for Michigan, with drivers who put 6,000 miles on their car every year paying around $59 less each month compared to those who drive 12,000 miles yearly. Still, Frankenmuth is the more affordable option for drivers in both categories.

Frankenmuth vs. Michigan: Compare Rates for Urban, Suburban, and Rural Drivers

Where you call home can have a substantial impact on your monthly car insurance payment. 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.

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

Drivers in rural ZIP codes see the most affordable premiums from both carriers, but Frankenmuth comes out on top with average prices about $266 monthly. Frankenmuth also has less expensive average rates for policyholders in urban and suburban ZIP codes -- a $94 and $200 a month respective difference when compared to Michigan drivers in similar areas.

Frankenmuth vs. Michigan Discounts

You want to save as much money as possible, right? The best way to do that is by utilizing as many insurance discounts as you can.

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

Below, we've taken a look at all of the different discounts Frankenmuth and Michigan offer their customers so that you can see which company can save you the most money each month.

Michigan knocks Frankenmuth out of the park when it comes to the sheer number of discounts available, offering 17 different discounts to Frankenmuth's 17.

Both companies offer lots of the same discounts -- like family discounts, discounts for being a good driver, and passive restraint discounts -- but Michigan also offers ABS discounts, anti-theft discounts, COVID-19 relief discount, and more that Frankenmuth does not.

On the flip side, Frankenmuth has a couple unique discounts of its own -- distant student discounts, group discounts, and life policy discounts.

Final Thoughts: Is Frankenmuth or Michigan Best for You?

You've seen the effect certain factors have on your car insurance and the different discounts carriers offer. But, when it comes down to it, which carrier is the best fit for you?

Frankenmuth might be best for you if....

• You have a DUI charge on your record.
• You already have a great credit score.
• You're buying insurance for a teen and looking for a wallet-friendly option.

Michigan might be best for you if...

• You care about discounts (Michigan offers the most).

We hope this guide helps you get a better idea of the difference between Frankenmuth and Michigan. We also hope we've given you the information you need to make the best decision about your auto insurance.

At the end of the day, the best way to make sure you're getting the best deal on your car insurance policy is to compare quotes from several companies, not just Frankenmuth and Michigan. 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 insurance carriers in your area, all in just a few minutes.

Frankenmuth vs. Michigan FAQs

Is Frankenmuth or Michigan cheaper?

Looking just at the national average premiums, Frankenmuth is the more affordable of the two companies, offering average rates of $318 per month compared to $480 for Michigan. But Frankenmuth won't necessarily be the lowest company for everyone, since there are a variety of different variables (things like age, driving record, gender, etc.) that play a role in how much you pay.

Who is better, Frankenmuth or Michigan?

Unfortunately, the answer truly is "it depends.". One carrier is not "better" for every driver -- it all depends on the makeup of your unique auto insurance profile.

Why do Frankenmuth and Michigan offer me different rates?

Car insurance carriers take a look at lots of different factors when determining the rates they charge policyholders. Things such as where your home is, age, gender, where you live, and sometimes even things like your credit score can all come into play. Both Frankenmuth and Michigan calculate prices using different variables, so each one will most likely offer different rates. The only real way to see which company is the cheapest for you is by comparing personalized quotes from several different companies.

How do I know if Frankenmuth or Michigan 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 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 information once and you'll get free quotes from dozens of the best insurance companies in your area. With those, you can guarantee you're getting the most affordable rate. And who knows, the best company for you might not be Frankenmuth or Michigan 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.