Hallmark Financial vs. Kemper: Which Company is the Best Fit for You?

Quick Facts

• Based on national averages for auto insurance, Hallmark Financial offers more affordable rates than Kemper
• Hallmark Financial tends to be a much less expensive option for drivers who have less-than-stellar credit
• Kemper offers more affordable prices for policyholders who live in suburban areas

Hallmark Financial vs. Kemper: Which Company has the Cheapest Car Insurance?

So, you're thinking about switching your auto insurance. You've probably seen commercials and billboards from companies offering large discounts, but exactly how much money can you save by switching?

You might be considering Hallmark Financial or Kemper as potential options, but which one will save you the most?

Looking at the national average rates for both companies, Hallmark Financial is about $24 per month cheaper than Kemper.

That being said, that doesn't mean Hallmark Financial will necessarily be less expensive than Kemper for every single driver. After all, insurance carriers can offer drastically different rates to each 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 every carrier will differ quite a bit from person to person.

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

Hallmark Financial or Kemper: Average Car Insurance Rates by State

Hallmark Financial and Kemper only compete against each other in one states, with Hallmark Financial offering cheaper premiums to the average driver in all of them. Nevada has the most noticable difference, where Hallmark Financial rates are over 70% more affordable than auto insurance prices at Kemper.

There's a lot more that goes into your car insurance bill than just where you call home. Keep reading to find out more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers generally pay a lot more for insurance than any other group of drivers. That's typically because young, inexperienced drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

However, that doesn't mean that teen drivers have to just accept sky-high auto insurance rates. As you can see above, teens who use Hallmark Financial save more than $10 a month compared to those who use Kemper. It's worth noting that Kemper offers car insurance in 15 different states compared to Hallmark Financial's three, which can skew the average prices a bit, but the difference here is still considerable.

But both companies will offer you dramatically lower premiums once you turn 25. Kemper offers the steepest reduction, with 25-year-olds paying less than half what 18-year-old drivers are charged. That being said, Hallmark Financial still has the most affordable rates at $184 monthly.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll normally enjoy the cheapest auto insurance prices out there. You've been on the road for years, and all that experience pays off when it comes to your monthly premiums for car insurance.

So, which carrier offers the best rates to retired drivers? Hallmark Financial gets the edge, with premiums for drivers 65 and older $25 less expensive than the national average for Kemper.

Which is the Best Company for Married Drivers?

Single policyholders tend to get offered slightly more expensive insurance prices than married drivers. That's because policies for married policyholders usually cover more than one car, which lots of carriers will offer you a discount for.

When it comes to relationship status, the two companies are comparable for single drivers, with premiums only differing around $17 per month, on average. The advantage for married couples is more obvious, where drivers who use Hallmark Financial save nearly 20% a month.

Hallmark Financial vs. Kemper: Average Rates by Gender

Did you know women normally pay less for car insurance than men? This is because women are less likely to get into accidents and get tickets, which lowers the chances of an insurance claim.

On average, women see prices almost 10% per month less with Hallmark Financial, and nearly 10% less with Kemper when compared to their male counterparts.

Looking at overall affordability, Hallmark Financial comes out as the lowest option for both genders, with average rates 9% less for men and 11% cheaper for women.

Hallmark Financial or Kemper: 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, insurance isn't the easiest topic to understand. Everyone needs auto insurance, but there are so many different terms and limits that it can be hard to find the right policy.

The two most common 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 an accident) and full coverage (which includes two additional coverages -- comprehensive and collision -- in addition to liability coverage).

If you're looking for state minimum liability insurance, Hallmark Financial usually offers cheaper prices of $115 compared to Kemper's $139. When it comes to full coverage policies with similar limits, Hallmark Financial again has the edge, with policies about $25 a month more affordable than Kemper, on average.

Is Hallmark Financial or Kemper Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their car 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 at-fault accidents on your record, but which of these two carriers offers the most affordable rates to drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Hallmark Financial policyholders can expect their premiums to go up an average of $14 per month if they get a ticket, while Kemper typically raises prices around $45 a month, on average.

If you have a clean record, Kemper tends to offer the best rates at about 10% less expensive, while Hallmark Financial has the edge for drivers with a speeding ticket.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their insurance through Hallmark Financial can expect to see around an $35 -- or about 15% -- increase in their auto insurance premiums. Drivers who use Kemper for their car insurance will see a monthly bill around $85 (or 33%) more expensive after reporting a collision to their auto insurance company.

Overall, Hallmark Financial offers the lowest prices for drivers with an at-fault accident on their records, with monthly premiums averaging $229 compared to Kemper's $259.

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 ticket or even an accident. Kemper drivers usually see a 39% climb in their insurance rates after a DUI charge, while Hallmark Financial will generally raise prices by about 8%.

Hallmark Financial has the overall cheapest premiums for drivers with a DUI on their records at $212 per month, but it's worth noting that Kemper's average rates come from 15 states compared to just three for Hallmark Financial, so the data may be skewed slightly.

How does Credit Score Impact Hallmark Financial and Kemper Rates?

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

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

So, which carrier offers the most affordable premiums for policyholders with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

If you have a great credit score, you'll usually find a better deal with Kemper for an "excellent" credit score. Drivers with "excellent" credit can save 3% compared to Hallmark Financial, while those with "good" scores can expect to see better savings from Hallmark Financial -- around $13 or 6% more affordable than Kemper every month.

Which Company is Best for Drivers with Bad Credit?

Hallmark Financial typically offers lower rates than Kemper when it comes to drivers with a below average credit score. Drivers with "fair" credit pay about $31 per month less with Hallmark Financial compared to Kemper, and those with "poor" scores usually save an average of around $64 a month.

Is Hallmark Financial or Kemper 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 how much car insurance carriers will charge for coverage. Normally, the more miles you put on your vehicle each year, 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 Hallmark Financial charges. However, there's a small difference in monthly prices for Kemper, with policyholders who drive the least paying about $1 less each month compared to those who drive 12,000 miles yearly. Still, Hallmark Financial is the cheaper option for drivers in both categories.

Hallmark Financial vs. Kemper: 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 sizable impact as well. 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.

Hallmark Financial generally comes out as the less expensive option for drivers in rural and urban areas, while Kemper wins in suburban areas.

For drivers in urban ZIP codes, Hallmark Financial's average rates are around $225 a month compared to Kemper's $296. People in suburban areas pay a monthly price of about $226 with Kemper compared to $229 with Hallmark Financial. Those in rural areas can expect to pay around $178 monthly with Hallmark Financial and $182 with Kemper.

Hallmark Financial vs. Kemper 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 where do you even start? With so many discounts out there, it may seem hard to find all the of the ones you can take advantage of.

In the section below, we've compared all of the different discounts offered by Hallmark Financial and Kemper so that you can easily see which company offers the most discounts and, therefore, the biggest savings.

Kemper knocks Hallmark Financial out of the park when it comes to the sheer number of discounts available, offering 24 different discounts to Hallmark Financial's 24.

Both companies offer a lot of the same discounts -- like discounts for being a defensive driver and passive restraint discounts -- but Kemper also offers AAA discounts, ABS discounts, advance quote discounts, and more that Hallmark Financial does not.

On the flip side, Hallmark Financial has a couple unique discounts of its own -- education discounts and foreign license discounts.

Final Thoughts: Is Hallmark Financial or Kemper Best for You?

So, you've seen how different factors can affect your car insurance prices. We've broken down the different discounts each company offers, too. But, at the end of the day, is Hallmark Financial or Kemper the right company for you and your specific driver profile?

Hallmark Financial might be best for you if....

• You've received a ticket for speeding recently and don't want to see your premiums climb.
• Your home is in a busy urban area.
• You drive fewer than 6,000 miles annually.

Kemper might be best for you if...

• You value the experience that comes with a large national auto insurance carrier.
• You want to save extra money with discounts.
• Your home is located in the suburbs.

We hope this guide helps you get a better idea of the difference between Hallmark Financial and Kemper. We also hope we've given you the information you need to make the best decision when it comes to 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 Hallmark Financial and Kemper. Luckily, sites like Compare.com make it easy for you to do just that. Simply enter your ZIP code below and get free quotes from dozens of the top car insurance companies in your area, all in just a few minutes.

Hallmark Financial vs. Kemper FAQs

Is Hallmark Financial or Kemper cheaper?

Looking just at the national average rates, Hallmark Financial is the more affordable of the two carriers, offering average rates of $211 per month compared to $235 for Kemper. Even so, Hallmark Financial won't necessarily be the lowest company for everyone, since there are many different variables (things like age, driving record, gender, etc.) that play a role in how much you pay.

Who is better, Hallmark Financial or Kemper?

Sadly, the real answer is "it depends.". Neither carrier is "better" for everyone -- it all depends on what your unique insurance profile looks like. For example, Hallmark Financial offers cheaper prices for drivers with a recent DUI, while Kemper is more affordable for drivers with excellent credit.

Why do Hallmark Financial and Kemper offer me different rates?

Auto insurance companies take a look at many different factors when determining the premiums they charge policyholders. Things like where your home is, age, where you park your car, gender, and sometimes even things like your credit score can all be taken into consideration. Both Hallmark Financial and Kemper use different formulas, 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 multiple different carriers.

How do I know if Hallmark Financial or Kemper is right for me?

The only way to find the car insurance carrier 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 makes 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 carriers in your area. With those, you can guarantee you're getting the lowest rate. And who knows, the best company for you might not be Hallmark Financial or Kemper 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.