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

Quick Facts

• In general, Metlife offers significantly more affordable premiums than Fremont
• Fremont tends to be a much less expensive option for drivers who have an at-fault accident on their record
• Metlife offers more discounts than Fremont Insurance

Fremont vs. Metlife: Which Company has the Cheapest Car Insurance?

So, you're considering switching your auto insurance. After all, you've seen ads from all sorts of companies offering large discounts. But exactly how much can you save by switching?

You might have narrowed your search down to Fremont or Metlife, but which one will offer you cheaper rates?

Looking at the national average rates for both companies, Metlife has average rates that are about 40% per month less expensive than those from Fremont.

However, that doesn't necessarily mean Metlife will be the cheaper option for every single driver. Car insurance carriers use a ton of complex algorithms to calculate prices, so depending on how old you are or how clean your driving record is (among an array of other factors), you could see wildly different rates from the ones above.

Luckily, we've broken down average premiums from both Fremont and Metlife by a bunch of different rate factors, so read on to find out which carrier is the best for you.

Fremont or Metlife: Average Car Insurance Rates by State

Fremont and Metlife only compete against each other in Michigan, where Metlife offers the cheaper average rates. For Michigan residents, Metlife offers insurance for $233 per month on average. Fremont's average prices come out to be over 70% more expensive, at $562 monthly.

That being said, there are plenty of other factors that go into your car insurance cost than just where you live. Keep reading to find out more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- usually pay a lot for auto insurance compared to older drivers. It's because young, inexperienced drivers are statistically much more likely to get into accidents since they have less experience on the roads.

But that doesn't mean teen drivers can't still save money on their car insurance. As you can see above, teens who use Metlife save more than $500 a month compared to those who use Fremont.

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

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll generally enjoy the most affordable 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 auto insurance.

But who has the best prices for retired drivers between Fremont and Metlife? Metlife gets the edge here, with average rates coming in at about $205 a month compared to Fremont's $321.

Which is the Best Company for Married Drivers?

You may not be aware, but insurance prices tend to be more expensive for single policyholders than they are for married policyholders. That's because policies for married couples normally cover multiple cars, which many carriers will offer you a discount for.

When it comes to relationship status, Metlife is the clear winner for single drivers, with rates around $250 per month more affordable than Fremont, on average. The advantage is also clear for married drivers - Metlife offers the cheapest average premiums.

Fremont vs. Metlife: Average Rates by Gender

Women typically to pay less for auto insurance than men. This is because men are statistically more likely than women to get into an accident or get pulled over for speeding, which leads to increased risk for insurers and, therefore, higher prices.

Women and men get the same monthly rates with Fremont, and nearly 10% less with Metlife when compared to their male counterparts.

Looking at overall affordability, Metlife comes out as the lowest option for both genders. On average, women save about $236 a month and men save about $208 with Metlife compared to the average Fremont policyholder.

Fremont or 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.

It's no secret that car insurance can be a complicated subject for most people. There are multiple 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 a collision.

The two most common policies that many drivers look at fall into two categories -- liability only (that covers bodily injury and property damage for other drivers and their passengers if you cause an accident) and full coverage (which includes two additional coverages -- comprehensive and collision -- alongside what you get with a liability policy).

If you're looking for state minimum liability limits, Metlife normally offers significantly less expensive premiums of $215 compared to Fremont's $334. When it comes to full coverage policies with similar limits, Metlife again has the edge, with policies around $300 per month cheaper than Fremont, on average.

Is Fremont or Metlife Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from auto insurance companies offering great prices for good drivers, but that doesn't mean people with less-than-perfect driving records can't save money, too.

You'll probably end up paying more with tickets and at-fault accidents on your record, but which of these two carriers offers the most affordable rates to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Fremont policyholders can expect their premiums to go up an average of $138 a month if they get a ticket, while Metlife generally raises rates about $59 per month, on average.

Even so, Metlife has more affordable premiums for drivers in both categories, offering prices that are 2% and 23% less expensive, respectively, compared to Fremont Insurance.

Which Company is Best for Drivers After an Accident?

Both companies will increase premiums pretty significantly if you get into an at-fault collision with Metlife climbing by just under $150. Fremont has a less extreme climb, but you can still expect to pay over $80 more than you were prior to your first accident.

Overall, Fremont offers the cheapest prices for drivers with an at-fault collision on their records, with monthly rates averaging $307 compared to MetLife's $368.

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 speeding ticket when it comes to your insurance bill. For example, Fremont increases average prices by more than $500 a month -- that's just under a 85% increase.

How does Credit Score Impact Fremont and Metlife Rates?

You may not have known, but your credit score can come into play when carriers determine your monthly bill. This isn't always the case (for example, Michigan and California are two states that ban the practice entirely), but it will come into play for a lot of drivers.

The reasoning car insurance companies use is that policyholders with good credit will be more likely to pay their bills on time; so they'll reward them with cheaper rates, while those with poor credit will typically be forced to pay more.

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

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Fremont 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 big impact on your monthly prices? Usually, the more miles you put on your vehicle, the more you can expect to pay for 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 premiums for Metlife, with drivers who put 6,000 miles on their car yearly paying around $3 less each month compared to those who drive 12,000 miles annually. Still, Metlife is the cheaper option for drivers in both categories.

Fremont vs. Metlife: Compare Rates for Urban, Suburban, and Rural Drivers

Where you call home can play a considerable role in how much you pay for car insurance. Normally, policyholders who live in less densely populated rural areas will pay quite a bit less than urban drivers because there are a lot fewer vehicles on the roads in those areas.

Metlife tends to offer the lowest rates for drivers in every type of area, no matter if it's urban, suburban, or rural.

For policyholders in urban ZIP codes, Metlife offers premiums about $389 monthly compared to Fremont's $682. People who live in suburban ZIP codes can expect to pay around $333 per month for Metlife and $536 for Fremont. Lastly, those in rural areas tend to get the most affordable rates from both carriers, with average monthly prices coming in at $299 and $467 for Metlife and Fremont respectively.

Fremont vs. Metlife Discounts

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

The difficult part is finding all of the discounts you can take advantage of, since it can feel sometimes like every company has different discounts and each one is advertised differently.

In the section below, we've broken down all of the different discounts offered by both Fremont and Metlife so that you can easily see which company offers the most discounts and, therefore, the biggest savings.

Metlife blows Fremont away when it comes to the sheer amount of discounts available, offering 22 more discounts than Fremont.

There are a couple discounts both companies offer, but Metlife also offers AAA discounts, academic discounts, agency transfer 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, paid in full discounts, and more.

Final Thoughts: Is Fremont or Metlife Best for You?

You've seen the role certain factors have on your insurance and the different discounts carriers offer. That's all well and good, but at the end of the day, which carrier is the right company for you and your specific needs?

Metlife might be best for you if....

• You have a speeding ticket on your driving record.
• You're looking for more protection with "full coverage" car insurance.
• You're buying auto insurance for a teen and looking for a wallet-friendly option.

Fremont might be best for you if...

• You want to save money on your insurance after a collision.

We hope this guide has ben a valuable resource as you compare Fremont and Metlife and that you can now make a more informed decision when it comes to your car 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 companies, not just Fremont and Metlife. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your ZIP code below and get free quotes from dozens of top car insurance carriers in your area, all in just a few minutes.

Fremont vs. Metlife FAQs

Is Fremont or Metlife cheaper?

Looking just at the national average premiums, Metlife is the more affordable of the two companies, offering average rates of $340 a month compared to $562 for Fremont. That being said, Metlife won't necessarily be the lowest company for everyone, since there are a variety of different variables (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, Fremont or Metlife?

Sadly, the real answer is "it depends.". One carrier is not necessarily "better" for every driver -- it all depends on what your unique auto insurance profile looks like. For example, Fremont offers cheaper prices for drivers with an at-fault collision on their record, while Metlife is more affordable for drivers who have less-than-stellar credit scores.

Why do Fremont and Metlife offer me different rates?

Insurance carriers take a look at several different factors when calculating the premiums they charge policyholders. Variables like age, gender, where your home is, your driving record, and sometimes even things like your credit score can all come into play. Both Fremont and Metlife calculate rates using different formulas, 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 several different companies.

How do I know if Fremont or Metlife 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, Compare.com makes it easy for you to do just that. Just enter your area information 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 cheapest premium. And who knows, the best company for you might not be Fremont or Metlife 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.