Fremont vs. Hanover: Which Company is the Best Fit for You?

Quick Facts

• Looking at the national averages for auto insurance, Fremont offers significantly cheaper prices than Hanover
• Fremont has more affordable rates for couples purchasing car insurance together
• Hanover offers less expensive average prices for drivers with a DUI charge on their record

Fremont vs. Hanover: 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 pretty big discounts, but exactly how much money can you save by switching?

You might be considering Fremont or Hanover, but which company will save you the most?

As you can see, Fremont has average rates that are about 35% per month cheaper than those from Hanover when looking at the national average rates for insurance.

But that doesn't mean Fremont will necessarily be more affordable than Hanover for every driver. Auto insurance companies use tons of complex algorithms to calculate rates, so depending on how good your credit score is or how old you are (among a whole range of other factors), you could see wildly different premiums from the ones above.

So, if you want to find out which of Fremont or Hanover is really the best for you, keep reading to see average rates for each carrier broken down by several different rate factors.

Fremont or Hanover: Average Car Insurance Rates by State

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But there's more to insurance than just where you call home. As we mentioned above, there's a lot of things that go into how auto insurance carriers determine your rates. Continue reading to see how other factors will affect your rates.

Which is the Best Company For Young Drivers?

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

Even so, that doesn't mean that teen drivers have to just accept sky-high car insurance prices. Just look at the table above -- where 18-year-old drivers who have Fremont for their auto insurance pay more than $400 less than those who use Hanover.

That being said, both companies will offer you dramatically lower premiums by the time drivers turn 25. For example, average rates for Fremont policyholders reduce over $500 and Hanover's prices drop around $500 over that time.

Which is the Best Company for Retired Drivers?

When it comes to car insurance, patience and experience pay off, with drivers around retirement age paying some of the lowest premiums you'll ever see.

So, which company offers the best rates to retired drivers? Fremont gets the edge here, with average prices coming in at about $321 monthly compared to Hanover's $613.

Which is the Best Company for Married Drivers?

Single policyholders tend to get offered slightly more expensive auto insurance premiums than married policyholders. That's because policies for married drivers generally cover multiple cars, which several carriers will offer you a discount for.

When it comes to relationship status, Fremont is the clear winner for single drivers, with prices around $316 a month less expensive than Hanover, on average. The advantage for married couples with Fremont is also obvious, where drivers save nearly 40% per month.

Fremont vs. Hanover: Average Rates by Gender

Because men are more likely to get tickets and get into collisions, they raise the chances of filing a claim with insurance. Therefore, men tend to pay more for insurance than women.

Everyone gets the same monthly rates regardless of gender with Fremont, and about $60 more with Hanover.

When it comes to the most affordable premiums for each gender, Fremont comes out on top for both men and women. On average, women save about $261 a month and men save around $321 with Fremont compared to the average Hanover policyholder.

Fremont or Hanover: 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.

It's no secret that car insurance can be a complicated subject for most people. There are lots of different coverages that account for many 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.

However, most policies end up falling into two different types of coverage -- 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 liability coverage).

If you're looking for state minimum limits for liability insurance, Fremont typically offers significantly cheaper rates of $334 compared to Hanover's $509. When it comes to full coverage policies with similar limits, Fremont again has the edge, with policies about $400 per month more affordable than Hanover, on average.

Is Fremont or Hanover Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their auto 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 tickets and accidents on your record, but which of these two companies offers the cheapest premiums to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Fremont policyholders can expect their prices to go up an average of $138 a month if they get a ticket, while Hanover normally raises rates around $221 per month, on average.

That being said, Fremont has less expensive premiums for drivers in both categories, offering prices that are 64% and 57% more affordable, respectively, compared to Hanover Insurance.

Which Company is Best for Drivers After an Accident?

Both carriers will increase rates pretty significantly if you get into an at-fault accident with Hanover increasing by just under $350. Fremont has a less extreme increase, but you can still expect to pay over $80 more than you were prior to your first collision.

Overall, drivers who use Fremont end up with the cheaper prices after an accident, with monthly premiums averaging $307 compared to Hanover Insurance's $943.

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 insurance bill -- usually a lot more than an accident or speeding ticket. Fremont drivers usually see a 83% increase in their car insurance prices after a DUI charge, while Hanover will generally raise rates by about 39%.

If you have a DUI on your record and are looking for more affordable premiums, Hanover tends to be the much less expensive option with average prices of 1013 a month compared to 1353 from Fremont.

How does Credit Score Impact Fremont and Hanover Rates?

Did you know that many auto insurance companies take your credit score into account when calculating premiums? Certain states and carriers do not allow for credit score to be used as a rating factor, but it does affect lots of drivers out there.

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

Looking specifically at Hanover and Fremont, which carrier has the most affordable prices 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 Fremont or Hanover Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a big impact on your monthly car insurance bill. Typically, the more miles you drive, the more you can expect to pay for auto insurance.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Fremont charges. However, there's a small difference in monthly rates for Hanover, with drivers who put 6,000 miles on their car annually paying around $1 less every month compared to those who drive 12,000 miles yearly. Still, Fremont is the cheaper option for drivers in both categories.

Fremont vs. Hanover: 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 large impact as well. Generally, 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 carriers side-by-side, Fremont typically comes out as the cheapest option for drivers in every type of area, no matter if it's urban, suburban, or rural.

For drivers in urban ZIP codes, Fremont offers prices about $682 monthly compared to Hanover's $966. People who live in suburban ZIP codes can expect to pay around $536 a month for Fremont and $842 for Hanover. Lastly, those in rural areas tend to get the lowest rates from both companies, with average monthly premiums coming in at $467 and $750 for Fremont and Hanover respectively.

Fremont vs. Hanover 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 carrier that has the most discounts for your unique driver profile and to find all the discounts you're eligible for.

Below, we've broken down all of the different discounts offered by both Fremont and Hanover so that you can see which one offers the most discounts and see which ones you might be able to take advantage of.

Hanover knocks Fremont out of the park when it comes to the sheer number of discounts available, offering seven more discounts than Fremont.

There are a couple discounts both carriers offer, but Hanover also offers advance quote discounts, annual mileage discounts, distant student discounts, and more that Fremont does not.

On the flip side, Fremont has a couple unique discounts of its own -- COVID-19 relief discount, garage discounts, premier risk discounts, and more.

Final Thoughts: Is Fremont or Hanover Best for You?

So, you've seen how different variables can affect your car insurance rates. We've shown you all the discounts each company offers, too. But, at the end of the day, which carrier is the best company for you and your specific driver profile?

Fremont might be best for you if....

• You have an at-fault accident on your record.
• You live in a rural area.
• You are purchasing your insurance with a spouse.

Hanover might be best for you if...

• You have a DUI charge on your record.
• Your credit score is high.
• You care about discounts (Hanover offers the most).

We hope this guide helps you get a better idea of the difference between Fremont and Hanover and that you can now make a more informed decision when it comes to your car insurance.

At the end of the day, the best way to make sure you're getting the best deal on your auto insurance policy is to compare quotes from several companies, not just Fremont and Hanover. Luckily, sites like Compare.com do all the hard work for you. Simply enter your ZIP codes below and get multiple quotes from some of the best car insurance carriers in your area, all for free.

Fremont vs. Hanover FAQs

Is Fremont or Hanover cheaper?

Looking just at the national average premiums, Fremont is the less expensive of the two companies, offering average rates of $562 per month compared to $853 for Hanover. However, Fremont won't necessarily be the cheapest company for each policyholder, since there are a variety of different factors that are considered when it comes to your auto insurance payment.

Who is better, Fremont or Hanover?

Sadly, the real answer is "it depends.". No single carrier is "better" for every driver -- it all boils down to your unique insurance profile.

Why do Fremont and Hanover offer me different rates?

Car insurance carriers take a look at quite a few different variables when determining the prices they charge policyholders. Things like gender, where you park your vehicle, age, your driving record, and sometimes even things like your credit score can all come into play. Both Fremont and Hanover use different formulas, so each one will most likely offer different rates. The only real way to see which company is the lowest for you is by comparing personalized quotes from multiple different companies.

How do I know if Fremont or Hanover is right for me?

The only way to find the insurance carrier 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 make it easy for you to do just that. Just enter your information once and you'll get free quotes from dozens of the best auto insurance companies in your area. That way, you can guarantee you're getting the most affordable price. And who knows, the best company for you might not be Fremont or Hanover 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.