Hanover vs. Personal Service: Which Company is the Best Fit for You?

Quick Facts

• In general, Personal Service offers significantly less expensive rates than Hanover
• Hanover offers more discounts than Personal Service Insurance Company
• Personal Service has cheaper premiums for policyholders who haven't received any speeding tickets or been in an accident in the last few years

Hanover vs. Personal Service: 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 hefty discounts, you're probably wondering exactly how much you might be able to save.

You might be considering Hanover or Personal Service, but which carrier will offer you more affordable rates?

Looking at the national average rates for both companies, Personal Service has average rates that are about 60% per month cheaper than those from Hanover.

But that doesn't necessarily mean Personal Service will be the more affordable option for every driver. Auto insurance carriers vary their premiums depending on things like how clean your driving record is, how good your credit score is, where you live, how old you are, and a ton of other factors, so prices will vary quite a bit from person to person.

So, if you want to find out which of Hanover or Personal Service is really the best for you, keep reading to see average rates for each carrier broken down by a variety of different rate factors.

Hanover or Personal Service: Average Car Insurance Rates by State

Hanover and Personal Service only compete against each other in New Jersey, where Personal Service offers the cheaper average prices. For New Jersey residents, Personal Service offers insurance for $325 monthly on average. Hanover's average premiums come out to be over 70% more expensive, at $796 per month.

That being said, there's a lot more that goes into your auto insurance cost than just where you call home. Keep reading to find out more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive car insurance rates of any other group of drivers. That's because young, inexperienced drivers are statistically much more likely to get into accidents since they have less experience on the roads.

Even so, that doesn't mean that teen drivers have to just accept sky-high auto insurance premiums. As you can see above, teens who use Personal Service save more than $500 a month compared to those who use Hanover.

However, with both companies, you'll see your prices lower significantly once you turn 25. For example, average rates for Hanover policyholders decrease over $500 and Personal Service's prices drop around $300 over that time.

Which is the Best Company for Retired Drivers?

When it comes to insurance, patience and experience pay off, with drivers around retirement age paying some of the most affordable premiums you can find.

So, which company offers the best prices to retired drivers? Personal Service gets the edge, with rates for drivers 65 and older more than 60% less expensive than the national average for Hanover.

Which is the Best Company for Married Drivers?

Did you know that car insurance premiums are usually cheaper for married policyholders than they are for single drivers? This usually boils down to married drivers having more than one car on their policy -- something lots of insurance carriers will reward with discounts.

When it comes to relationship status, Personal Service is the clear winner for single policyholders, with prices about $630 per month less expensive than Hanover, on average. The advantage is also clear for married couples - Personal Service offers the cheapest average premiums.

Hanover vs. Personal Service: Average Rates by Gender

Because men are more likely to get into collisions and get speeding tickets, they are more likely to file a claim with insurance. Therefore, men tend to pay more for car insurance than women.

On average, men see rates around 7% a month higher with Hanover, while with Personal Service, the difference is closer to 13% per month.

Looking at overall affordability, Personal Service comes out on top for both men and women. On average, women save about $521 a month and men save about $535 with Personal Service compared to the average Hanover policyholder.

Hanover or Personal Service: 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.

It's no secret that auto insurance can be pretty complicated. Everyone needs insurance, but there are so many different coverages and terms that it can be hard to find the right policy.

That being said, the most common policies that many drivers look at fall into two categories -- liability only (which covers the other party's injuries and property damage if you cause a collision) and full coverage (which includes two additional coverages -- comprehensive and collision -- in addition to what you get with liability coverage).

If you're looking for state minimum liability limits, Personal Service generally offers significantly more affordable premiums of $228 compared to Hanover's $509. When it comes to full coverage policies with similar limits, Personal Service again has the edge, with policies around $500 per month cheaper than Hanover, on average.

Is Hanover or Personal Service 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.

It's no secret secret that at-fault accidents and tickets lead to higher prices, but which carrier -- Hanover or Personal Service -- has the lowest rates for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Hanover policyholders can expect their prices to go up an average of $221 a month if they get a ticket, while Personal Service normally raises rates about $35 per month, on average.

But Personal Service has more affordable premiums for drivers in both categories -- their rates are around 58% less expensive for drivers with clean records and 65% cheaper for those with a ticket.

Which Company is Best for Drivers After an Accident?

Hanover drivers who get in an accident can expect to see their prices climb by just under $350, while those who have insurance through Personal Service will see around a $90 increase.

Overall, Personal Service offers the most affordable rates for drivers with an at-fault accident on their records, with monthly premiums averaging $348 compared to Hanover Insurance's $943.

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 a collision. On average, Hanover will climb your rates about 39% after a DUI, while Personal Service's average prices increase by over 35%.

If you have a DUI on your record and are looking for more affordable premiums, Personal Service tends to be the much less expensive option with average prices of $400 a month compared to 1013 from Hanover.

How does Credit Score Impact Hanover and Personal Service Rates?

You may not realized it, but your credit score can come into play when companies calculate your monthly bill. This isn't always the case (California, for example, has banned the use of credit score as a rating factor) but it does affect several policyholders out there.

Auto 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.

Looking specifically at Personal Service and Hanover, which one has the cheapest rates for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have a great credit score, you'll usually find a better deal with Hanover for an "excellent" credit score. Policyholders with "excellent" credit can save more than 15% compared to Personal Service, while those with "good" scores can expect to see better savings from Personal Service -- around $214 or 41% more affordable than Hanover every month.

Which Company is Best for Drivers with Bad Credit?

Personal Service typically offers lower premiums than Hanover when it comes to drivers with less-than-stellar credit. Drivers with "fair" credit pay about $511 a month less with Personal Service compared to Hanover, and those with "poor" scores typically save an average of around 1524 monthly.

Is Hanover or Personal Service Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a large impact on your monthly rates. That's because the more miles you drive, the more likely you are to get into an accident and cause an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Personal Service charges. However, there's a small difference in monthly prices for Hanover, with policyholders who drive 6,000 miles annually paying about $1 less each month compared to those who drive 12,000 miles yearly. Still, Personal Service is the less expensive option for drivers in both categories.

Hanover vs. Personal Service: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can have a considerable impact on your monthly car insurance bill. Usually, drivers who live in heavily-populated urban areas will pay quite a bit more than rural policyholders because there are a lot more vehicles on the roads in those areas.

Personal Service tends to offer the cheapest prices 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 rates from both companies, but Personal Service comes out on top with average premiums around $217 a month. Personal Service also has cheaper average rates for policyholders in urban and suburban ZIP codes -- a 58% and 58% per month respective difference when compared to Hanover drivers in similar areas.

Hanover vs. Personal Service Discounts

Regardless of why you might be in the market for a new insurance policy, you're always going to want to save as much money as possible, and the best way to do that is by taking advantage of as many auto insurance discounts as you can.

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

In the section below, we've compared all of the different discounts offered by Hanover and Personal Service so that you can easily see which company offers the most discounts and see which ones you might be able to take advantage of.

Hanover blows Personal Service away when it comes to the sheer amount of discounts available, offering 11 more discounts than Personal Service.

There are a couple discounts both carriers offer, but Hanover also offers ABS discounts, advance quote discounts, annual mileage discounts, and more that Personal Service does not.

On the flip side, Personal Service has a couple unique discounts of its own -- cellphone safety discounts, good payer discounts, multi-car/single driver discounts, and more.

Final Thoughts: Is Hanover or Personal Service Best for You?

So, you've seen how different factors can affect your insurance premiums. We've shown you all the discounts each company offers, too. That's all well and good, but when it comes down to it, which insurance carrier is the right fit for you?

Personal Service might be best for you if....

• You haven't received any speeding tickets or been in a collision in the last few years.
• You want basic car insurance coverage at the state minimum limits.
• Your neighborhood is in a rural area.

Hanover might be best for you if...

• You're looking for the company with the most discounts.

We hope this guide has ben a valuable resource as you compare Hanover and Personal Service. 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 car insurance policy is to compare quotes from a handful of companies, not just Hanover and Personal Service. Luckily, Compare.com does all the hard work for you. Simply enter your ZIP codes below and get multiple free quotes from some of the best insurance carriers in your area, all in just a few minutes.

Hanover vs. Personal Service FAQs

Is Hanover or Personal Service cheaper?

Looking just at the national average prices, Personal Service is the more affordable of the two companies, offering average rates of $325 a month compared to $853 for Hanover. Even so, Personal Service won't necessarily be the lowest carrier for everyone, since there are many different variables that are considered when it comes to your auto insurance payment.

Who is better, Hanover or Personal Service?

Unfortunately, the real answer is "it depends.". No single company is necessarily "better" for everyone -- it all depends on what your unique insurance profile looks like. For example, Personal Service offers less expensive rates for drivers with a recent DUI, while Hanover is more affordable for drivers with excellent credit.

Why do Hanover and Personal Service offer me different rates?

Car insurance carriers take a look at many different factors when calculating the prices they charge policyholders. Variables like where your home is, age, gender, where you park your car, and sometimes even things like your credit score can all be used. Both Hanover and Personal Service calculate premiums using different formulas, so each one will most likely offer different rates. The only real way to see which carrier is the most affordable for you is by comparing personalized quotes from multiple different companies.

How do I know if Hanover or Personal Service is right for me?

The only way to find the auto insurance company that's right for you is by getting quotes from several 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 area information and you'll get free quotes from dozens of the best car insurance companies in your area. With those, you can guarantee you're getting the cheapest rate. And who knows, the best carrier for you might not be Hanover or Personal Service 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.