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

Quick Facts

• Based on national averages for auto insurance, Trexis offers significantly less expensive prices than Hanover
• Hanover offers more discounts than Trexis Insurance
• Trexis offers more affordable rates for policyholders who drive a short distance to work everyday

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

Are you in the market for a new insurance policy? You've probably seen commercials and billboards from companies offering big discounts, but exactly how much money can you save by switching?

You've maybe even narrowed it down to Hanover or Trexis as your top options, but which one has more affordable prices for insurance?

Looking at the national average rates for both companies, Trexis has average rates that are about 75% per month cheaper than those from Hanover.

Even so, Trexis may not be the lowest or best option for every driver out there. After all, car insurance carriers can offer drastically different rates to each driver depending on rating factors like your credit score, your age, where you call home, or even your driving record (among other things), so premiums could differ drastically from person to person.

Luckily, we've broken down average rates from both Hanover and Trexis by many different rate factors, so read on to find out which company is the best for you.

Hanover or Trexis: Average Car Insurance Rates by State

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

But there's more to insurance than just where you live. As we mentioned above, there's a lot of things that go into how auto insurance companies calculate your rates. Continue reading to learn more about how other factors will affect your rates.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive car insurance prices 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.

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

That being said, both carriers will drop rates by the time drivers turn 25. Trexis offers the steepest drop, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. Hanover's average premiums decrease over 60% during that same period.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll generally enjoy the cheapest insurance prices 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 car insurance.

When looking at Hanover and Trexis specifically, which carrier is best for retired drivers? Trexis gets the edge, with prices for drivers 65 and older more than 70% more affordable than the national average for Hanover.

Which is the Best Company for Married Drivers?

You may not be aware, but auto insurance premiums tend to be cheaper for married policyholders than they are for those who are single. That's typically 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, Trexis is the clear winner for single policyholders, with prices around $737 per month less expensive than Hanover, on average. The advantage for married couples with Trexis is also obvious, where drivers save over 75% a month.

Hanover vs. Trexis: Average Rates by Gender

Did you know men usually pay more for insurance than women? This is because men are more likely to get into collisions and get tickets, which raises the chances of an insurance claim.

On average, men see premiums about $60 per month higher with Hanover, and around $20 with Trexis.

Looking at overall affordability, Trexis offers the lowest average rates for both men and women, with average prices $653 less for men and $613 cheaper for women.

Hanover 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.

It's no secret that car insurance can be pretty complicated. Everyone needs insurance, but there are so many different terms and coverages that it can be hard 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 injuries and property damage 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, Trexis normally offers significantly more affordable rates of $108 compared to Hanover's $509. When it comes to full coverage policies with similar limits, Trexis again has the edge, with policies about $500 a month cheaper than Hanover, on average.

Is Hanover 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 tickets and accidents lead to higher premiums, but which company -- Hanover or Trexis -- has the most affordable prices 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 Trexis typically raises premiums around $43 a month, on average.

But Trexis tends to offer the best prices for drivers both with clean records and with a speeding ticket. Drivers with a clean record can save about $435 per month and drivers with a ticket can save around $613 a month with Trexis Insurance.

Which Company is Best for Drivers After an Accident?

Hanover drivers who get in a collision can expect to see their prices climb by just under 35%, while those who have insurance through Trexis will see about a 25% increase.

Overall, Trexis offers the cheapest premiums for drivers with an at-fault accident on their records, with monthly rates averaging $247 compared to Hanover Insurance's $943.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single collision or speeding ticket when it comes to your car insurance bill. On average, Hanover will climb your premiums around 39% after a DUI, while Trexis's average prices rise by just under 20%.

If you have a DUI on your record and are looking for more affordable rates, Trexis tends to be the much more affordable option with average premiums of $226 monthly compared to 1013 from Hanover.

How does Credit Score Impact Hanover and Trexis Rates?

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

The reasoning car insurance carriers use is that drivers 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 generally be forced to pay more.

So, which carrier offers the lowest prices for policyholders 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 Hanover or Trexis 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 substantial impact on your monthly premiums? Normally, those who drive less will end up with less expensive rates since there's less of a chance of getting into an accident and causing an insurance claim.

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

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

Where you park your car can play a pretty big role in how much you pay for auto insurance. Usually, those who live in urban areas will pay more than drivers in rural areas due to the number of vehicles that are on the roads in those areas.

When comparing these two companies side-by-side, Trexis normally comes out as the cheapest option for drivers in all areas, regardless of if they're urban, suburban, or rural.

Policyholders in rural ZIP codes see the most affordable rates from both carriers, but Trexis comes out on top with average prices around $167 a month. Trexis also has less expensive average premiums for drivers in urban and suburban ZIP codes -- a 72% and 74% per month respective difference when compared to Hanover policyholders in similar areas.

Hanover vs. Trexis Discounts

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

But where do you even start? With what seems like a million different discounts out there, it may be challenging to find all the ones you qualify for.

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

Overall, Hanover has the advantage when it comes to total number of discounts. Trexis offers a grand total of 16 discounts, while Hanover has 21.

A couple of those are overlapping for things like discounts for being a defensive driver, education discounts, EFT discounts, and discounts for being a homeowner. Hanover also offers ABS discounts, annual mileage discounts, anti-theft discounts, and more that Trexis does not.

On the flip side, Trexis has a couple unique discounts of its own -- agency transfer discounts, life policy discounts, non-owner discounts, and more.

Final Thoughts: Is Hanover or Trexis Best for You?

So, you've seen how different variables can affect your insurance rates. We've shown you all the discounts each carrier offers, too. But, at the end of the day, is Hanover or Trexis the best carrier for you and your specific needs?

Trexis might be best for you if....

• You have a DUI charge on your record.
• You're looking for more protection with "full coverage" auto insurance.
• 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 Trexis and that it aids in making a more informed decision about 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 several companies, not just Hanover and Trexis. 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 carriers in your area, all for free.

Hanover vs. Trexis FAQs

Is Hanover or Trexis cheaper?

Looking just at the national average premiums, Trexis is the more affordable of the two companies, offering average rates of $220 a month compared to $853 for Hanover. That being said, Trexis won't necessarily be the lowest carrier for each policyholder, since there are several different factors (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, Hanover or Trexis?

Sadly, the only answer we can give you is "it depends.". No single company is "better" for everyone -- it all comes down to what your unique car insurance profile looks like.

Why do Hanover and Trexis offer me different rates?

Insurance carriers take a look at quite a few different variables when determining the prices they charge drivers. Things such as your driving record, age, gender, where you live, and sometimes even things like your credit score can all be used. Both Hanover and Trexis calculate rates using different formulas, so each one will most likely offer different prices. The only real way to see which carrier is the cheapest for you is by comparing personalized quotes from a bunch of different companies.

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

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