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

Quick Facts

• Looking at the national averages for car insurance, Hallmark Financial offers more affordable premiums than Nevada General
• Hallmark Financial offers more affordable rates for drivers who have received a ticket within the last few years
• Nevada General offers more discounts than Hallmark Financial

Hallmark Financial vs. Nevada General: 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've maybe even narrowed your search down to Hallmark Financial or Nevada General as potential options, but which carrier will save you the most?

As you can see, Nevada General is about $38 more per month than Hallmark Financial when looking at the national average rates for auto insurance.

However, that doesn't mean Hallmark Financial will necessarily be less expensive than Nevada General for each driver. Insurance companies use a ton of complex algorithms to calculate premiums, so depending on how old you are or how clean your driving record is (among a variety of other factors), you could see wildly different prices from the ones above.

Luckily, we've broken down average rates from both Hallmark Financial and Nevada General by multiple different rate factors, so read on to find out which carrier is the best for you.

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

Hallmark Financial and Nevada General only compete against each other in Nevada, where Hallmark Financial offers the cheaper average premiums. For Nevada residents, Hallmark Financial offers car insurance for $123 per month on average. Nevada General's average rates come out to be over 70% more expensive, at $249 a month.

There's a lot more that goes into your auto insurance payment than just where you call home. Continue reading to see how other factors will affect your rates.

Which is the Best Company For Young Drivers?

You might already know that teen drivers usually pay a lot more for car insurance than any group out there on the road. That's normally because young, inexperienced drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

But that doesn't mean teen drivers can't still save money on their insurance. For example, 18-year-old drivers pay an average of more than $100 less a month by choosing Hallmark Financial over Nevada General.

That being said, with both carriers, you'll see your prices reduce significantly by the time you turn 25. For example, average premiums for Hallmark Financial policyholders lower over 60% and Nevada General's rates drop more than 65% over that time.

Which is the Best Company for Retired Drivers?

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

When looking at Hallmark Financial and Nevada General specifically, which company is best for retired drivers? Hallmark Financial gets the edge, with rates for drivers 65 and older $34 cheaper than the national average for Nevada General.

Which is the Best Company for Married Drivers?

You may not be aware, but car insurance prices tend to be more affordable for married couples than they are for those who are single. That's because policies for married drivers generally cover multiple cars, which quite a few companies will offer you a discount for.

When it comes to relationship status, Hallmark Financial is the clear winner for single policyholders, with premiums around $41 per month less expensive than Nevada General, on average. The advantage is also clear for married policyholders - Hallmark Financial offers the most affordable average prices.

Hallmark Financial vs. Nevada General: Average Rates by Gender

Did you know men typically pay more for insurance than women? This is because men are statistically more likely than women to cause a collision and get into accidents, which leads to increased risk for insurers and, therefore, higher rates.

Women usually pay nearly 10% a month less than men with Hallmark Financial, and about 2% less with Nevada General.

Looking at overall affordability, Hallmark Financial offers the cheapest average premiums for both men and women. On average, women save about $45 per month and men save around $30 with Hallmark Financial compared to the average Nevada General policyholder.

Hallmark Financial or Nevada General: 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 isn't the easiest topic to understand. Everyone needs insurance, but there are so many different coverages 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 limits, Hallmark Financial generally offers cheaper rates of $115 compared to Nevada General's $150. When it comes to full coverage policies with similar limits, Hallmark Financial again has the edge, with policies about $40 a month more affordable than Nevada General, on average.

Is Hallmark Financial or Nevada General 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.

It's no secret secret that accidents and tickets lead to higher prices, but which carrier -- Hallmark Financial or Nevada General -- has the lowest premiums for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Hallmark Financial policyholders can expect their prices to go up an average of $14 per month if they get a ticket, while Nevada General normally raises rates around $22 a month, on average.

Even so, Hallmark Financial is typically the less expensive option for drivers both with clean records and with a speeding ticket, offering premiums that are 7% and 10% cheaper, respectively, compared to Nevada General Insurance Company.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their insurance through Hallmark Financial can expect to see about an $35 -- or around 15% -- increase in their car insurance prices. Drivers who use Nevada General for their auto insurance will see a monthly bill about $48 (or 19%) more expensive after reporting a collision to their car insurance company.

Overall, drivers who use Hallmark Financial end up with the cheaper prices after an accident, with monthly rates averaging $229 compared to Nevada General Insurance Company's $257.

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 auto insurance bill. On average, Nevada General will climb your premiums around 30% after a DUI, while Hallmark Financial's average prices climb by just under 10%.

If you have a DUI on your record and are looking for more affordable rates, Hallmark Financial tends to be the much more affordable option with average premiums of $212 monthly compared to $298 from Nevada General.

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

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

Insurance carriers 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.

So, which carrier offers the cheapest prices for policyholders with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

If you have solid credit, you'll usually find a better deal with Hallmark Financial. Drivers with "excellent" credit can save nearly 30% compared to Nevada General, and those with "good" scores can also expect to see savings -- about $54 or 22% less expensive every month.

Which Company is Best for Drivers with Bad Credit?

If you have a below average credit score, it can be somewhat of a toss-up as far as which company offers you the best rates. Drivers with "fair" credit pay around $40 less with Hallmark Financial than Nevada General, but those whose credit is considered "poor" have it flipped -- saving about $10 per month with Nevada General.

Is Hallmark Financial or Nevada General 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 auto insurance companies will charge for coverage. Generally, those who drive fewer miles will end up with cheaper prices since there's less of a chance of getting into an accident and causing an insurance claim.

In this case, neither Hallmark Financial or Nevada General report increasing premiums for drivers with higher annual mileage figures. Hallmark Financial comes out as the most affordable for drivers at both intervals, whether they put 6,000 or 12,000 miles on their vehicle each year, with average rates of $211 a month for both.

Hallmark Financial vs. Nevada General: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can play a big role in how much you pay for insurance. Normally, if you live in a rural area with fewer cars on the road, you'll pay a little less for car insurance, while the opposite is true for people in urban areas.

Hallmark Financial boasts the cheapest average prices in rural and urban areas, while Nevada General wins in suburban areas.

In urban areas, Hallmark Financial's average rates are around 35% less than Nevada General Insurance Company. Drivers in suburban ZIP codes pay about 17% less with Nevada General compared to Hallmark Financial. If you live in a rural area, you can expect to save around 15% with Hallmark Financial compared to Nevada General.

Hallmark Financial vs. Nevada General Discounts

Regardless of 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 possible. That's where insurance discounts comes into play.

But with what seems like a million different discounts out there, it can be difficult to find all the ones you qualify for or to nail down the carrier that has the most discounts for your unique driver profile.

In the table below, we've compared all of the different discounts offered by Hallmark Financial and Nevada General so that you can easily see which company offers the most discounts and see which ones you might be able to take advantage of.

Looking at the total number of discounts, Nevada General has the advantage when it comes to total number of discounts. Hallmark Financial offers a grand total of four discounts, while Nevada General has nine.

Both carriers offer lots of the same discounts -- like discounts for being a defensive driver and passive restraint discounts -- but Nevada General also offers agency transfer discounts, driver training discounts, EFT 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 General Best for You?

So, we've broken down the average premiums for many of the variables car insurance companies look at, and we've shown you all the discounts each company offers. But, at the end of the day, which carrier is the right one for you, your vehicle, and your wallet?

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

• You have a speeding ticket on your driving record.
• You want basic auto insurance coverage at the state minimum limits.
• You're buying insurance for a teen and looking for a wallet-friendly option.

Nevada General might be best for you if...

• You want to save extra money with discounts.
• Your neighborhood is in the suburbs.

We hope this guide helps you get a better idea of the difference between Hallmark Financial and Nevada General. We also hope we've given you the information you need to make the best 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 carriers, not just Hallmark Financial and Nevada General. Luckily, Compare.com makes it easy for you to do just that. Simply enter your ZIP codes below and get multiple quotes from some of the best insurance companies in your area, all for free.

Hallmark Financial vs. Nevada General FAQs

Is Hallmark Financial or Nevada General cheaper?

Looking just at the national average rates, Hallmark Financial is the less expensive of the two carriers, offering average rates of $211 per month compared to $249 for Nevada General. But Hallmark Financial won't necessarily be the most affordable company for every policyholder, since there are lots of different factors that are considered when it comes to your car insurance cost.

Who is better, Hallmark Financial or Nevada General?

Unfortunately, the real answer is "it depends.". One carrier is not necessarily "better" for each driver -- it all depends on the makeup of your unique insurance profile. For example, Hallmark Financial offers more affordable prices for policyholders with an at-fault collision on their record, while Nevada General is cheaper for drivers who have less-than-stellar credit scores.

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

Auto insurance companies take a look at lots of different variables when calculating the premiums they charge drivers. Factors such as age, where you call home, gender, your driving record, and sometimes even things like your credit score can all be taken into consideration. Both Hallmark Financial and Nevada General 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 a range of different carriers.

How do I know if Hallmark Financial or Nevada General 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, sites like Compare.com make it easy for you to do just that. Just enter your ZIP code and you'll get free quotes from dozens of the best auto insurance carriers in your area. That way, you can guarantee you're getting the most affordable premium. And who knows, the best company for you might not be Hallmark Financial or Nevada General 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.