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

Quick Facts

• In general, Nevada Capital offers significantly less expensive premiums than Hallmark Financial
• Nevada Capital tends to be a much more affordable option for drivers who have less-than-stellar credit
• Nevada Capital offers cheaper average rates for policyholders who drive a short distance to work everyday

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

So, you're considering switching your auto insurance. With so many ads from all sorts of companies offering large discounts, you're probably wondering exactly how much you might be able to save.

You might have narrowed your search down to Hallmark Financial or Nevada Capital as your top options, but which company will offer you more affordable premiums?

Looking at nationwide averages, Nevada Capital is quite a bit cheaper than Hallmark Financial, with rates averaging $125 per month compared to $211 with Hallmark Financial.

However, Nevada Capital may not be the cheapest or best option for each driver out there. Car insurance companies use a ton of complex algorithms to calculate prices, so depending on how clean your driving record is or where you live (among a bunch of other factors), you could see wildly different premiums from the ones above.

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

Hallmark Financial or Nevada Capital: Average Car Insurance Rates by State

Hallmark Financial and Nevada Capital only compete against each other in Nevada, where Hallmark Financial offers the cheaper average rates. For Nevada residents, Hallmark Financial offers auto insurance for $123 per month on average. Nevada Capital's average prices come out to be more expensive, at $125 a month.

There are plenty of other factors that go into your car insurance payment than just the state you live in. Read on to learn more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- typically pay a lot for insurance compared to older drivers. Generally, that's because young, inexperienced drivers are statistically much more likely to get into an accident that results in an insurance claim, making them much riskier to insure.

But still, even with seemingly sky-high rates, teen drivers can still find ways to save money. As you can see above, teens who use Nevada Capital save more than $200 a month compared to those who use Hallmark Financial.

That being said, both carriers will lower premiums by the time drivers turn 25. Nevada Capital offers the steepest drop, with 25-year-olds paying less than half what 18-year-old drivers are charged. Hallmark Financial's average rates decrease over 60% during that same period.

Which is the Best Company for Retired Drivers?

Drivers around retirement age usually enjoy some of the lowest auto insurance premiums you'll ever find. After all, they've likely been driving for quite some time, which normally lowers their chances of accidents and other infractions that can increase prices.

When looking at Hallmark Financial and Nevada Capital specifically, which carrier is best for retired drivers? Nevada Capital gets the edge, with premiums for drivers 65 and older nearly 45% cheaper than the national average for Hallmark Financial.

Which is the Best Company for Married Drivers?

You may not be aware, but insurance rates tend to be less expensive for married policyholders than they are for single policyholders. That's usually because married drivers tend to own and insure more than one car, which can often earn you a discount.

When it comes to relationship status, Nevada Capital is the clear winner for those who are single, with prices about $110 per month more affordable than Hallmark Financial, on average. The advantage is also clear for married couples - Nevada Capital offers the cheapest average premiums.

Hallmark Financial vs. Nevada Capital: Average Rates by Gender

Because men are more likely to get into accidents and get speeding tickets, they are more likely to file a claim with insurance. Therefore, insurance companies will often charge men more than women.

Typically, women see rates around $20 a month less expensive with Hallmark Financial, and about $2 cheaper with Nevada Capital when compared to their male counterparts.

Looking at the data for each company specifically, Nevada Capital comes out on top for both men and women. On average, women save about $77 per month and men save around $95 with Nevada Capital compared to the average Hallmark Financial policyholder.

Hallmark Financial or Nevada Capital: 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.

Car insurance can be a complicated subject for most people. There are many different coverages that account for a variety 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.

But the most common 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, in addition to what you get with liability coverage).

If you're looking for state minimum liability insurance, Nevada Capital typically offers significantly cheaper prices of $75 compared to Hallmark Financial's $115. When it comes to full coverage policies with similar limits, Nevada Capital again has the edge, with policies about $150 a month less expensive than Hallmark Financial, on average.

Is Hallmark Financial or Nevada Capital Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from 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.

You'll probably end up paying more with tickets and collisions on your record, but which of these two companies offers the lowest prices to drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Hallmark Financial policyholders can expect their rates to go up an average of $14 per month if they get a ticket, while Nevada Capital generally raises premiums around $27 a month, on average.

Even so, Nevada Capital tends to offer the best prices for both drivers who have a recent speeding ticket and those with clean records, offering rates that are 54% and 44% cheaper, respectively, compared to Hallmark Financial.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their car insurance through Hallmark Financial can expect to see about an $35 -- or around 15% -- increase in their auto insurance prices. Drivers who use Nevada Capital for their car insurance will see a monthly bill about $37 (or 29%) more expensive after reporting an accident to their auto insurance carrier.

Overall, drivers who use Nevada Capital end up with the cheaper prices after an accident, with monthly rates averaging $126 compared to Hallmark Financial's $229.

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 insurance bill. For example, Nevada Capital increases average prices by just under $80 per month -- that's over a 45% increase.

If you have a DUI on your record and are looking for more affordable premiums, Nevada Capital tends to be the much more affordable option with average prices of $168 monthly compared to $212 from Hallmark Financial.

How does Credit Score Impact Hallmark Financial and Nevada Capital Rates?

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

The reasoning car insurance carriers 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 normally be forced to pay more.

So, which company offers the most affordable prices for drivers with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

If you have great credit, you'll usually find a better deal with Nevada Capital. Policyholders with "excellent" credit can save just under 45% compared to Hallmark Financial, and those with "good" scores can also expect to see savings -- around $81 or 42% cheaper each month.

Which Company is Best for Drivers with Bad Credit?

Nevada Capital typically offers lower premiums than Hallmark Financial when it comes to drivers with a below average credit score. Drivers with "fair" credit pay about $81 a month less with Nevada Capital compared to Hallmark Financial, and those with "poor" scores usually save an average of around $103 a month.

Is Hallmark Financial or Nevada Capital 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 insurance companies will charge for coverage. Normally, the more miles you put on your car each year, 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 Hallmark Financial charges. However, there's a pretty significant difference in monthly rates for Nevada Capital, with drivers who put 6,000 miles on their vehicle yearly paying about $15 less every month compared to those who drive 12,000 miles annually. Still, Nevada Capital is the more affordable option for drivers in both categories.

Hallmark Financial vs. Nevada Capital: 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 large impact as well. Typically, drivers who live in heavily-populated urban areas will pay quite a bit more than rural policyholders because there are a lot more cars on the road in those areas, which increases the chances of an accident.

Nevada Capital tends to offer the cheapest rates for drivers in all types of areas, no matter if they're urban, suburban, or rural.

Drivers in rural ZIP codes see the most affordable prices from both carriers, but Nevada Capital comes out on top with average premiums around $89 per month. Nevada Capital also has less expensive average prices for policyholders in urban and suburban ZIP codes -- a 24% and 50% per month respective difference when compared to Hallmark Financial drivers in similar areas.

Hallmark Financial vs. Nevada Capital 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 what seems like a million different discounts out there, it may be difficult to find all the ones you qualify for.

In the table below, we've broken down all of the different discounts offered by both Hallmark Financial and Nevada Capital so that you can see which carrier can save you the most money each month.

Nevada Capital blows Hallmark Financial away when it comes to the sheer amount of discounts available, offering 11 more discounts than Hallmark Financial.

Both companies offer lots of the same discounts -- like discounts for being a defensive driver and passive restraint discounts -- but Nevada Capital also offers ABS discounts, advance quote discounts, anti-theft 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 Nevada Capital Best for You?

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

Nevada Capital might be best for you if....

• Your credit is below-average.
• Your credit score is high.
• You are over 65 years old and want to save some money on your insurance.

Hallmark Financial might be best for you if...

• You have a more unique driver profile than those we mentioned above.

We hope this guide helps you get a better idea of the difference between Hallmark Financial and Nevada Capital. We also hope we've given you the information you need to make the best decision about your car insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your auto insurance policy is to compare quotes from several companies, not just Hallmark Financial and Nevada Capital. Luckily, sites like Compare.com make it easy for you to do just that. Just enter your ZIP code below and get multiple quotes from some of the best car insurance carriers in your area, all for free.

Hallmark Financial vs. Nevada Capital FAQs

Is Hallmark Financial or Nevada Capital cheaper?

Looking just at the national average rates, Nevada Capital is the more affordable of the two companies, offering average rates of $125 a month compared to $211 for Hallmark Financial. But Nevada Capital won't necessarily be the lowest carrier for each driver, since there are several different variables (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, Hallmark Financial or Nevada Capital?

Unfortunately, the only answer we can give you is "it depends.". No one company is necessarily "better" for every driver -- it all depends on the makeup of your unique insurance profile.

Why do Hallmark Financial and Nevada Capital offer me different rates?

Car insurance carriers take a look at quite a few different factors when determining the prices they charge policyholders. Variables such as where you call home, gender, age, where you park your vehicle, and sometimes even things like your credit score can all be taken into consideration. Both Hallmark Financial and Nevada Capital calculate rates using different formulas, so each one will most likely offer different premiums. The only real way to see which carrier is the cheapest for you is by comparing personalized quotes from a range of different companies.

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

The only way to find the 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 do all the hard work for you. Just enter your ZIP code and you'll get free quotes from dozens of the best auto insurance companies in your area. With those, you can guarantee you're getting the most affordable premium. And who knows, the best carrier for you might not be Hallmark Financial or Nevada Capital 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.