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

Quick Facts

• Based on national averages for car insurance, Grange offers less expensive rates than Meemic
• Grange offers more affordable premiums for drivers who have below-average credit
• Meemic tends to be a much more affordable option for policyholders whose driving record contains an at-fault collision

Grange or Meemic: Which Company has the Cheapest Car Insurance?

So, you're thinking about switching to a new insurance policy. After all, you've seen ads from all sorts of companies offering huge savings. But exactly how much can you save by switching?

You might be considering Grange or Meemic for your next policy, but between the two, which one will save you the most?

As you can see, Grange has average rates that are around 11% a month cheaper than those from Meemic when looking at the national average rates for insurance.

Even so, Grange may not be the lowest or best option for each driver out there. Car insurance carriers use a ton of complex algorithms to determine rates, so depending on where you live or how clean your driving record is (among a whole range of other factors), you could see wildly different premiums from the ones above.

Luckily, we've broken down average prices from both Grange and Meemic by several different rate factors, so read on to find out which carrier is the best for you.

Grange vs. Meemic: Average Car Insurance Rates by State

Grange and Meemic only compete against each other in Michigan, where Meemic offers the cheaper average premiums. Meemic drivers tend to pay about $414 per month less on average compared to drivers who use Grange for their auto insurance.

That being said, there's a lot more that goes into your insurance payment than just where you live. Read on to learn more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- generally pay a lot for auto insurance compared to older drivers. That's 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 prices. As you can see above, teens who use Meemic save almost 25% a month compared to those who use Grange.

That being said, with both companies, you'll see your rates decrease significantly by the time you turn 25. Meemic offers the steepest reduction, with 25-year-olds paying a third less what 18-year-old drivers are charged. That being said, Grange still has the cheapest prices at $205 monthly.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll usually enjoy the most affordable insurance rates out there. 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 Grange and Meemic? Grange gets the edge, with premiums for drivers 65 and older nearly 30% less expensive than the national average for Meemic.

Which is the Best Company for Married Drivers?

Did you know that car insurance rates are normally more expensive for single policyholders than they are for married couples? That's because policies for married policyholders typically cover multiple vehicles, which several carriers will give you a discount for.

For those who are single, the difference in average prices between these two companies is not very significant, with Grange premiums coming in at about 2% less than Meemic's. But for married drivers, the advantage is clear - Grange has the edge when it comes to average rates.

Grange or Meemic: Average Rates by Gender

Men are statistically more likely than women to get into accidents and get speeding tickets. That means when it comes to insurance men will usually end up paying a little more.

Men normally pay around $10 per month more than women with Grange; men and women end up paying the same monthly prices with Meemic.

Looking at overall affordability, Grange comes out as the cheapest option for both genders. On average, women save about $38 a month and men save about $26 with Grange compared to the average Meemic policyholder.

Grange vs. 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.

For most people, car insurance can be pretty complicated. There are so many different limits and terms that it can make it pretty confusing to find the right policy for you.

But most policies end up falling into two different types of coverage -- liability coverage (which provides bodily injury and property damage coverage for other drivers and their passengers if you cause a collision) and full coverage (which generally refers to having collision and comprehensive coverages in addition to liability).

Looking specifically at state minimum limits for liability insurance, Grange has the slight edge, with average monthly rates coming in at $185. If you want a full coverage policy with the same state minimum limits, Grange again has the edge, with policies averaging around $313 per month to Meemic's $361.

Is Grange or Meemic Better for Drivers with Spotty Records?

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

Collisions and speeding tickets will most likely raise your prices, but is Grange or Meemic more affordable for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Grange for their insurance can typically expect their monthly bill to go up about 23% after getting a speeding ticket. Meemic policyholders can expect a bit more drastic of an increase of around 36%.

If you have gotten a ticket, Grange tends to offer the best premiums at about 15% cheaper, while Meemic has the edge for drivers with a clean record.

Which Company is Best for Drivers After an Accident?

Both companies will raise rates pretty significantly if you get into an at-fault accident with Grange increasing by around 32%. Meemic has a less extreme increase, but you can still expect to pay nearly 30% more than you were prior to your first collision.

At the end of the day, drivers who use Meemic end up with the cheaper prices after an accident, with average premiums coming in at $250 compared to Grange Insurance's $266.

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 an accident. For example, Meemic increases average prices by nearly $250 a month -- that's just under a 60% increase.

But if you end up with a DUI charge and are looking for more affordable rates, Grange tends to be less expensive for the average driver, with monthly premiums coming in at about $314 to Meemic's $421.

How does Credit Score Impact Grange and Meemic Rates?

You may not realized it, but your credit score can be used as one of the variables to calculate your monthly auto insurance premiums. This isn't true for everyone (for example, are two states that ban the practice entirely), but it will come into play for lots of drivers.

Car insurance carriers argue that those with poor credit scores are less likely to pay their bills on time every month, which raises the risk involved on their end, while the opposite is true for those with good credit.

Looking at Grange and Meemic specifically, which carrier has the best rates 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 auto insurance companies 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 premiums because it's not a factor at all. This may be a good thing, since Grange and other carriers tend to increase prices 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 Grange drivers in other states, but no need to worry if you live in Michigan.

Is Grange 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 rates. Normally, the more milage you put on your car each year, 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 Meemic charges. However, there's a small difference in monthly premiums for Grange, with policyholders who drive the least paying around $2 less each month compared to those who drive 12,000 miles every year. Still, for drivers in both categories, Grange is the cheaper company.

Grange or 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 car insurance, but the type of area you live in can have a considerable impact as well. Typically, drivers who live in heavily-populated urban areas will pay quite a bit more than rural policyholders since there are a lot more vehicles on the roads where they live.

Grange tends to offer the most affordable prices for drivers in all areas, regardless of if they're urban, suburban, or rural.

Those in rural areas can expect to save about $28 with Grange compared to Meemic. People who live in suburban areas pay around $38 less with Grange compared to Meemic. For drivers in urban ZIP codes, Grange Insurance's average rates are about $30 less than Meemic Insurance Company.

Grange vs. Meemic Discounts

No matter why you might be in the market for a new auto insurance policy, you're always going to want to save as much money as you can, and the best way to do that is by utilizing as many car insurance discounts as possible.

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

Luckily, we did the hard work for you and compared all of the different discounts offered by Grange and Meemic so that you can find the company that has the most discounts and, therefore, the largest savings.

Grange blows Meemic away when it comes to the sheer amount of discounts available, offering 28 different discounts to Meemic's eight.

Both companies offer many of the same discounts -- like discounts for being a defensive driver, discounts for being a good student, and group discounts -- but Grange also offers discounts for ABS, advanced safety feature, agency transfer, and more.

On the other hand, Meemic has a proprietary discount of their own -- a prior carrier discounts.

Final Thoughts: Is Grange or Meemic Best for You?

So, we've broken down the average premiums for many of the factors insurance carriers look at, and walked through the different discounts each company offers, too. But, at the end of the day, is Grange or Meemic the best one for you and your specific profile and needs?

Grange might be best for you if....

• Your credit is less-than-stellar.
• You want the most robust protection via a "full coverage" policy.
• You and your spouse are buying auto insurance together.

Meemic might be best for you if...

• You want to save money on your insurance after a collision.
• Your credit score is high.
• You want to save money while purchasing car insurance for a teenager.

Hopefully, this guide has ben a valuable resource as you compare Grange and Meemic. 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 sure-fire way to make sure you're getting the best deal on your insurance policy is to compare quotes from multiple companies, not just Grange and Meemic. 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.

Grange vs. Meemic FAQs

Is Grange or Meemic cheaper?

Grange is the more affordable of the two companies when looking at national average rates, with policies averaging $249 per month with Grange and $281 for Meemic. That being said, that doesn't mean Grange will be the lowest carrier for each policyholder, since there are multiple different variables that come into play when it comes to your insurance cost.

Who is better, Grange or Meemic?

Unfortunately, the real answer is "it depends.". No single company is necessarily "better" for everyone -- it all depends on the makeup of your unique car insurance profile. For example, Meemic is less expensive for drivers with excellent credit, while Grange offers more affordable premiums for drivers with a recent DUI.

Why do Grange and Meemic offer me different rates?

Auto insurance carriers use a lot of different factors when determining the prices they charge. Things such as age, where you park your car, your driving record, gender, and sometimes even things like your credit score can all be taken into consideration. Both Grange and Meemic use different formulas, so it's likely they'll offer different premiums. The best way to determine which carrier is the cheapest for you is by comparing personalized quotes from lots of different companies.

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

The only way to find the car insurance company 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 make it easy for you to do just that. Just enter your ZIP code and you'll get quotes from dozens of your local top auto insurance companies for free. With those, you can guarantee you're getting the best price. And maybe you'll find that the best carrier for you isn't Grange or Meemic 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.