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

Quick Facts

• Looking at the national averages for car insurance, Secura offers significantly less expensive rates than Hanover
• Hanover offers more discounts than SECURA Insurance
• Secura offers cheaper average premiums for drivers who have an at-fault accident on their record

Hanover vs. Secura: Which Company has the Cheapest Car Insurance?

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

You might have narrowed your search down to Hanover or Secura, but which one will save you the most?

Looking at the national average rates for both companies, Secura has average rates that are about 85% per month more affordable than those from Hanover.

But Secura may not be the lowest or best option for each driver out there. After all, auto insurance carriers can offer drastically different rates to each driver depending on rating factors like where you call home, your credit score, your age, or even your driving record (among other things). So, at the end of the day, prices from every company will differ quite a bit from person to person.

So, if you want to find out which of Hanover or Secura 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 Secura: Average Car Insurance Rates by State

Hanover and Secura only compete against each other in two states, with Secura offering less expensive premiums to the average driver in all of them. Illinois has the most noticable difference, where Secura prices are over 70% cheaper than car insurance rates at Hanover.

There's a lot more that goes into your insurance cost than just where you live. Keep reading to learn more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- usually pay a lot for auto insurance compared to older drivers. That's typically because young, inexperienced drivers are statistically much more likely to get into accidents since they have less experience on the roads.

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

Even so, both companies will drop prices by the time you turn 25. Secura offers the steepest reduction, with 25-year-olds paying less than half what 18-year-old drivers are charged. Hanover's average rates reduce over 60% during that same period.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll normally enjoy the most affordable car insurance premiums you'll ever find. You've been on the road for years, and all that experience pays off when it comes to your monthly rates for insurance.

But who has the best premiums for retired drivers between Hanover and Secura? Secura gets the edge, with prices for drivers 65 and older more than 80% more affordable than the national average for Hanover.

Which is the Best Company for Married Drivers?

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

When it comes to relationship status, Secura is the clear winner for single drivers, with rates around $831 per month cheaper than Hanover, on average. For married policyholders, the advantage is clear again - Secura has the edge when it comes to average prices.

Hanover vs. Secura: Average Rates by Gender

Because men are more likely to get tickets and get into collisions, they have a higher chance of filing a claim with insurance. Therefore, insurance companies will tend to charge men more than women.

On average, men see premiums about 7% a month higher with Hanover, while with Secura, the difference is closer to 2% per month.

Looking at overall affordability, Secura offers the lowest average rates for both men and women, with average prices $736 less for men and $679 cheaper for women.

Hanover or Secura: 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 insurance can be a complicated subject for most people. There are so many different coverages and terms that it can make it pretty confusing to find the right policy.

The two 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 an accident) and full coverage (which includes comprehensive and collision coverages that protect your own vehicle, alongside liability coverage).

If you're looking for state minimum limits for liability insurance, Secura generally offers significantly more affordable premiums of $69 compared to Hanover's $509. When it comes to full coverage policies with similar limits, Secura again has the edge, with policies around $500 a month less expensive than Hanover, on average.

Is Hanover or Secura 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.

Tickets and at-fault accidents will most likely raise your prices, but is Hanover or Secura more affordable for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

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

That being said, Secura tends to offer the best prices for drivers both with clean records and with a speeding ticket, offering prices that are 86% and 85% cheaper, respectively, compared to Hanover Insurance.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their auto insurance through Hanover can expect to see around an $326 -- or about 35% -- increase in their insurance rates. Drivers who use Secura for their car insurance will see a monthly bill around $42 (or 33%) more expensive after reporting a collision to their auto insurance company.

Overall, Secura offers the cheapest premiums for drivers with an at-fault collision on their records, with monthly rates averaging $129 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 ticket or even an accident. For example, Hanover increases average prices by just under $400 per month -- that's just under a 40% increase.

If you have a DUI on your record and are looking for more affordable premiums, Secura tends to be the much less expensive option with average prices of $244 monthly compared to 1013 from Hanover.

How does Credit Score Impact Hanover and Secura Rates?

You may not have known, but your credit score can come into play when carriers calculate your monthly bill. This isn't always the case (Hawaii, for example, has banned the use of credit score as a rating factor) but it will come into play for quite a few drivers.

The reasoning insurance companies use is that policyholders with bad credit will be less likely to pay their bills on time; so generally, they'll be asked to pay more, while those with good credit will be rewarded with more affordable rates.

Looking at Hanover and Secura specifically, which company has the most affordable prices 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 Secura. Policyholders with "excellent" credit can save nearly 45% compared to Hanover, and those with "good" scores can also expect to see savings -- about $393 or 75% cheaper each month.

Which Company is Best for Drivers with Bad Credit?

Secura typically offers lower rates than Hanover when it comes to drivers with a below average credit score. Drivers with "fair" credit pay around $708 a month less with Secura compared to Hanover, and those with "poor" scores usually save an average of about 1725 per month.

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

Did you know that the amount of time you spend in your car have a pretty big impact on your monthly premiums? Typically, those who drive fewer miles will end up with less expensive prices since there's less of a chance of getting into a collision and causing an insurance claim.

For both drivers who put 6,000 miles on their vehicles every year, as well as those who average twice that figure, Secura offers more affordable rates than Hanover. Hanover's average premiums for drivers with 6,000 annual miles come in just under 85% more expensive than Secura. Those who drive 12,000 miles yearly can expect to pay nearly 85% more with Hanover over Secura.

Hanover vs. Secura: 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. Usually, those who live in rural areas will pay less than drivers in urban areas because there are a lot fewer cars on the roads in those areas.

Secura boasts the cheapest average premiums for drivers in all areas, regardless of if they're urban, suburban, or rural.

If you live in a rural area, you can expect to save around $611 with Secura compared to Hanover. Drivers in suburban ZIP codes pay about $705 less with Secura compared to Hanover. In urban areas, SECURA Insurance's average prices are around $805 less than Hanover Insurance.

Hanover vs. Secura 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, and the best way to do that is by utilizing as many car insurance discounts as you can.

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

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

Overall, Hanover has a slight advantage when it comes to total number of discounts. Secura offers a grand total of 19 discounts, while Hanover has 21.

Both carriers offer a lot of the same discounts -- like anti-theft discounts, distant student discounts, discounts for being a good driver, and discounts for insuring multiple cars with the same company -- but Hanover also offers ABS discounts, annual mileage discounts, driver training discounts, and more that Secura does not.

On the flip side, Secura has a couple unique discounts of its own -- hybrid vehicle discounts, low income discounts, new vehicle discounts, and more.

Final Thoughts: Is Hanover or Secura Best for You?

You've seen the role certain factors have on your auto insurance and the different discounts companies offer. But, at the end of the day, is Hanover or Secura the right carrier for you and your specific driver profile?

Secura might be best for you if....

• You have a clean driving record, free of collisions, tickets, or DUIs.
• You live in an urban area.
• You drive fewer than 6,000 miles annually.

Hanover might be best for you if...

• You want to save extra money with discounts.

We hope this guide has ben a valuable resource as you compare Hanover and Secura. We also hope we've given you the information you need to make the best decision when it comes to your 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 multiple carriers, not just Hanover and Secura. Luckily, sites like Compare.com make it easy for you to do just that. Just 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.

Hanover vs. Secura FAQs

Is Hanover or Secura cheaper?

Looking just at the national average rates, Secura is the less expensive of the two carriers, offering average rates of $146 per month compared to $853 for Hanover. But Secura won't necessarily be the most affordable carrier for each policyholder, since there are multiple different variables (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, Hanover or Secura?

Unfortunately, the real answer is "it depends.". One company is not necessarily "better" for everyone -- it all depends on the makeup of your unique insurance profile.

Why do Hanover and Secura offer me different rates?

Auto insurance companies take a look at several different factors when calculating the premiums they charge policyholders. Variables like age, your driving record, gender, where your home is, and sometimes even things like your credit score can all be used. Both Hanover and Secura use different formulas, so each one will most likely offer different rates. The only real way to see which carrier is the lowest for you is by comparing personalized quotes from many different carriers.

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

The only way to find the car insurance company 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 does all the hard work for you. Just enter your ZIP code and you'll get free quotes from dozens of the best insurance carriers in your area. With those, you can guarantee you're getting the best premium. And who knows, the best carrier for you might not be Hanover or Secura 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.