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

Quick Facts

• Looking at the national averages for auto insurance, Hallmark Financial offers slightly cheaper prices than Trexis
• Hallmark Financial tends to be a much less expensive option for people who are single and purchasing car insurance by yourself
• Trexis has more affordable premiums for policyholders who live in suburban areas

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

Are you in the market for a new insurance policy? After all, you've seen ads from all sorts of companies offering pretty big discounts. But exactly how much can you save by switching?

You might have narrowed your search down to Hallmark Financial or Trexis as potential options, but which one will offer you less expensive rates?

As you can see, Hallmark Financial is about $9 per month cheaper than Trexis when looking at the national average rates for auto insurance.

That being said, that doesn't mean Hallmark Financial will necessarily be more affordable than Trexis for every driver. Insurance companies vary their prices depending on things like how good your credit score is, where you live, how old you are, how clean your driving record is, and a variety of other factors, so rates could change drastically from person to person.

So, if you want to find out which of Hallmark Financial or Trexis is really the best for you, keep reading to see average premiums for each carrier broken down by multiple different rate factors.

Hallmark Financial or Trexis: Average Car Insurance Rates by State

Hallmark Financial and Trexis only compete against each other in one states, with Trexis offering cheaper prices to the average driver in all of them. Arkansas has the most noticable difference, where Trexis premiums are over 50% less expensive than auto insurance rates at Hallmark Financial.

But there's more to calculating insurance prices 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 normally pay a lot more for car insurance than any group on the road. The reason is that young, inexperienced drivers are statistically much more likely to get into an accident that results in a car 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. Just look at the table above -- where 18-year-old drivers who have Hallmark Financial for their auto insurance pay nearly $25 less than those who use Trexis.

However, with both carriers, you'll see your premiums lower significantly once you turn 25. For example, average prices for Hallmark Financial policyholders drop more than 60% and Trexis's rates decrease almost 65% over that time.

Which is the Best Company for Retired Drivers?

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

So, which company offers the best rates to retired drivers? Hallmark Financial gets the slight edge, with prices for drivers 65 and older $17 more affordable than the national average for Trexis.

Which is the Best Company for Married Drivers?

Married couples tend to get slightly cheaper insurance premiums than single policyholders. This usually boils down to married drivers having more than one car on their policy -- something a lot of auto insurance companies will reward with discounts.

If you're in the market for car insurance, Hallmark Financial tends to have the cheapest average prices regardless of marital status, with prices nearly $10 more affordable for single drivers and over $10 less expensive for married policyholders.

Hallmark Financial vs. Trexis: Average Rates by Gender

Men are statistically more likely than women to get into collisions and file an insurance claim, which means they'll typically end up paying more for insurance than women.

On average, men see rates almost 10% a month higher with Hallmark Financial, and around 9% more with Trexis.

Looking at the data for each carrier specifically, Hallmark Financial comes out on top for both men and women, with average premiums 4% less for men and 4% cheaper for women.

Hallmark Financial or Trexis: 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. There are lots of different coverages that account for a bunch 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 most policies that many drivers look at fall into two categories -- liability only (which provides property damage and bodily injury coverage for other drivers and passengers if you cause a collision) and full coverage (which includes comprehensive and collision coverages that protect your own vehicle, in addition to liability).

In this case, Trexis offers the lowest average rates for state minimum liability limits, while Hallmark Financial has the edge for full coverage policies with similar coverage limits. Drivers looking for basic state minimum coverage can save around $7 with Trexis Insurance, while full coverage comes out to be about $25 more affordable with Hallmark Financial.

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

It's no big secret that drivers who are accident-free get better deals on their auto insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

It's no secret secret that at-fault accidents and tickets lead to higher prices, but which company -- Hallmark Financial or Trexis -- has the cheapest premiums for drivers with spotty 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 Trexis normally raises premiums around $43 a month, on average.

If you have a clean record, Trexis tends to offer the best prices at about 6% less expensive, while Hallmark Financial has the edge for drivers with a speeding ticket.

Which Company is Best for Drivers After an Accident?

Both carriers will raise premiums pretty significantly if you get into an at-fault accident with Trexis climbing by $65. Hallmark Financial has a less extreme climb, but you can still expect to pay $35 more than you were prior to your first collision.

Overall, the cheaper prices come from Hallmark Financial, with monthly rates averaging $229 compared to Trexis Insurance's $247.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge, you can expect some pretty significant increases in your monthly insurance bill -- typically a lot more than an accident or ticket. For example, Trexis increases average premiums by just under $45 per month -- that's just under a 20% increase.

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 prices of $212 per month compared to $226 from Trexis.

How does Credit Score Impact Hallmark Financial and Trexis Rates?

Did you know that many auto insurance companies take your credit score into account when calculating premiums? This isn't always the case (for example, California and Massachusetts are two states that ban the practice entirely), but it might come into play for lots of policyholders.

Car 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 best rates 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 Hallmark Financial or Trexis Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a considerable impact on how much insurance companies will charge for coverage. Generally, those who drive less will end up with cheaper prices since there's less of a chance of getting into a collision and causing an insurance claim.

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

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

Where you call home can have a big impact on your monthly car insurance payment. Usually, policyholders who live in heavily-populated urban areas will pay quite a bit more than rural drivers because there are a lot more vehicles on the road in those areas, which increases the chances of an accident.

When comparing these two carriers side-by-side, Trexis normally comes out as the less expensive option for drivers in rural and suburban areas, while Hallmark Financial wins in urban areas.

If you live in a rural area, you can expect to save around 6% with Trexis compared to Hallmark Financial. Drivers in suburban ZIP codes pay about 3% less with Trexis compared to Hallmark Financial. In urban areas, Hallmark Financial's average prices are around 17% less than Trexis Insurance.

Hallmark Financial vs. Trexis Discounts

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

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

Below, we've broken down all of the different discounts offered by both Hallmark Financial and Trexis so that you can easily see which company offers the most discounts and, therefore, the biggest savings.

Trexis knocks Hallmark Financial out of the park when it comes to the sheer number of discounts available, offering 12 more discounts than Hallmark Financial.

Both companies offer quite a few of the same discounts -- like discounts for being a defensive driver and education discounts -- but Trexis also offers advance quote discounts, agency transfer discounts, driver training discounts, and more that Hallmark Financial does not.

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

Final Thoughts: Is Hallmark Financial or Trexis 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 carrier offers, too. That's all well and good, but at the end of the day, is Hallmark Financial or Trexis the right company for you, your vehicle, and your wallet?

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

• You have a DUI charge on your record.
• You live in an urban area.
• You drive often but have a short commute.

Trexis might be best for you if...

• You have a clean driving record, free of collisions, tickets, or DUIs.
• You want basic car insurance coverage at the state minimum limits.
• You live in a rural area.

We hope this guide helps you get a better idea of the difference between Hallmark Financial and Trexis. We also hope we've given you the information you need to make the best decision when it comes to 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 several companies, not just Hallmark Financial and Trexis. Luckily, Compare.com does all the hard work for you. 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. Trexis FAQs

Is Hallmark Financial or Trexis cheaper?

Looking just at the national average rates, Hallmark Financial is the more affordable of the two companies, offering average rates of $211 per month compared to $220 for Trexis. Even so, Hallmark Financial won't necessarily be the lowest company for everyone, since there are a range of different variables that are considered when it comes to your insurance cost.

Who is better, Hallmark Financial or Trexis?

Unfortunately, the real answer is "it depends.". Neither carrier is "better" for everyone -- it all boils down to your unique auto insurance profile. For example, Hallmark Financial offers cheaper prices for policyholders with an at-fault accident on their record, while Trexis is less expensive for drivers who have less-than-stellar credit scores.

Why do Hallmark Financial and Trexis offer me different rates?

Insurance carriers take a look at many different factors when determining the rates they charge drivers. Variables like your driving record, age, gender, where you live, and sometimes even things like your credit score can all come into play. Both Hallmark Financial and Trexis calculate premiums using different formulas, so each one will most likely offer different prices. The only real way to see which company is the cheapest for you is by comparing personalized quotes from a variety of different companies.

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

The only way to find the car insurance carrier that's right for you is by getting quotes from multiple 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 ZIP code and you'll get free quotes from dozens of the best auto insurance companies in your area. That way, you can guarantee you're getting the best premium. And who knows, the best company for you might not be Hallmark Financial or Trexis 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.