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

Quick Facts

• In general, Wolverine Mutual offers significantly less expensive premiums than Hanover
• Hanover offers more discounts than Wolverine Mutual
• Wolverine Mutual offers more affordable prices for drivers who have an at-fault accident on their record

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

Are you considering a new insurance policy? With so many ads from all sorts of companies offering sizable discounts, you're probably wondering exactly how much you might be able to save.

You might have narrowed your search down to Hanover or Wolverine Mutual as your top options, but between the two, which one will offer you cheaper premiums?

As you can see, Hanover is quite a bit more expensive than Wolverine Mutual, with prices averaging $853 per month compared to just $224 with Wolverine Mutual when looking at the national average rates for insurance.

Even so, that doesn't necessarily mean Wolverine Mutual will be the more affordable option for every driver. After all, car insurance companies can offer drastically different rates to each driver depending on rating factors like where you call home, your age, your credit score, or even your driving record (among other things), so rates could vary drastically from person to person.

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

Hanover or Wolverine Mutual: Average Car Insurance Rates by State

Hanover and Wolverine Mutual only compete against each other in Michigan, where Wolverine Mutual offers the cheaper average premiums. For Michigan residents, Wolverine Mutual offers insurance for $224 monthly on average. Hanover's average rates come out to be over 70% more expensive, at 1164 per month.

There's a lot more that goes into your car insurance cost than just your home state. Keep reading to learn more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive auto insurance prices of any other group of drivers out there on the road. Usually, that's because young, inexperienced drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

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

That being said, both carriers will offer you dramatically lower premiums by the time drivers turn 25. For example, average rates for Hanover policyholders decrease over 60% and Wolverine Mutual's prices lower nearly 35% over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll normally enjoy the most affordable 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 prices for auto insurance.

So, which company offers the best rates to retired drivers? Wolverine Mutual gets the edge here, with average premiums coming in at about $119 a month compared to Hanover's $613.

Which is the Best Company for Married Drivers?

Did you know that car insurance rates are generally more expensive for single drivers than they are for married policyholders? This usually boils down to married drivers having more than one car on their policy -- something many auto insurance companies will reward with discounts.

When it comes to relationship status, Wolverine Mutual is the clear winner for single policyholders, with premiums around $750 per month cheaper than Hanover, on average. The advantage for married couples with Wolverine Mutual is also obvious, where drivers save more than 70% a month.

Hanover vs. Wolverine Mutual: Average Rates by Gender

You may not know, but men typically pay more for insurance than women do. This is because men are more likely to get into collisions and get speeding tickets, which increases the chances of an insurance claim.

With Hanover, men generally pay about $60 per month more than women; men and women get the same monthly prices with Wolverine Mutual.

Looking at overall affordability, Wolverine Mutual comes out as the cheapest option for both genders, with average premiums 75% less for men and 73% cheaper for women.

Hanover or Wolverine Mutual: 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.

For most people, car insurance isn't the easiest topic to understand. There are so many different limits and coverages 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 injuries and property damage if you cause an accident) and full coverage (which includes two additional coverages -- comprehensive and collision -- in addition to what you get with a liability policy).

If you're looking for state minimum liability limits, Wolverine Mutual normally offers significantly less expensive prices of $114 compared to Hanover's $509. When it comes to full coverage policies with similar limits, Wolverine Mutual again has the edge, with policies around $500 a month more affordable than Hanover, on average.

Is Hanover or Wolverine Mutual 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.

You'll probably end up paying more with accidents and tickets on your record, but which of these two carriers offers the lowest rates to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Hanover policyholders can expect their prices to go up an average of $221 per month if they get a ticket, while Wolverine Mutual usually raises rates about $29 a month, on average.

But Wolverine Mutual has less expensive premiums for drivers in both categories. Drivers with a clean record can save around $471 per month and drivers with a speeding ticket can save about $663 a month with Wolverine Mutual.

Which Company is Best for Drivers After an Accident?

Both companies will increase rates pretty significantly if you get into an at-fault collision with Hanover increasing by just under $350. Wolverine Mutual has a less extreme increase, but you can still expect to pay over $40 more than you were prior to your first accident.

Overall, drivers who use Wolverine Mutual end up with the cheaper prices after an accident, with monthly prices averaging $188 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 a collision. Hanover drivers usually see a 39% climb in their insurance premiums after a DUI charge, while Wolverine Mutual will typically raise rates by around 62%.

If you have a DUI on your record and are looking for more affordable premiums, Wolverine Mutual tends to be the much cheaper option with average prices of $389 per month compared to 1013 from Hanover.

How does Credit Score Impact Hanover and Wolverine Mutual Rates?

Did you know that many auto insurance carriers take into account your credit score when calculating rates? Certain states and companies do not allow for credit score to be used as a rating factor, but it might come into play for quite a few drivers.

Insurance carriers argue that someone with good credit is more likely to pay their bills on time, which makes them less risky to insure. Because of that, policyholders with good credit will often be rewarded with more affordable premiums.

Looking at Hanover and Wolverine Mutual specifically, which carrier has the cheapest prices for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

Michigan is one of a handful of states that prohibits car insurance companies from using credit scores to calculate premiums. And since Wolverine Mutual is only available in Michigan, there is no data available on how credit score impacts prices because it's not a factor at all. This may be a good thing, since Hanover and other carriers tend to raise rates quite a bit in other states if you don't have excellent credit.

Which Company is Best for Drivers with Bad Credit?

If you have bad credit and live in Michigan, the good news is it won't cost you extra when it comes to insurance. As you can see, poor credit can really cost Hanover drivers in other states, but no need to worry if you live in Michigan.

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

How much you drive can have a large impact on your monthly auto insurance bill. Generally, the more miles you drive, the more you can expect to pay for car insurance.

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

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

Where you call home can have a pretty big impact on your monthly insurance payment. Typically, if you live in an urban area with more cars on the road, you'll pay a little more for car insurance, while the opposite is true for people in rural areas.

Wolverine Mutual tends to offer the most affordable rates for drivers in every type of area, no matter if it's urban, suburban, or rural.

Policyholders in rural ZIP codes see the lowest prices from both companies, but Wolverine Mutual comes out on top with average rates around $137 monthly. Wolverine Mutual also has more affordable average premiums for drivers in urban and suburban ZIP codes -- a $622 and $650 per month respective difference when compared to Hanover policyholders in similar areas.

Hanover vs. Wolverine Mutual Discounts

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

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

In the section below, we've taken a look at all of the different discounts Hanover and Wolverine Mutual offer their customers so that you can see which one offers the most discounts and see which ones you might be able to take advantage of.

Hanover blows Wolverine Mutual away when it comes to the sheer amount of discounts available, offering 21 different discounts to Wolverine Mutual's nine.

A couple of those are overlapping for things like distant student discounts, discounts for being a good student, and discounts for insuring multiple cars with the same company. Hanover also offers advance quote discounts, annual mileage discounts, anti-theft discounts, and more that Wolverine Mutual does not.

On the flip side, Wolverine Mutual has a couple unique discounts of its own -- military discounts and seat belt discounts.

Final Thoughts: Is Hanover or Wolverine Mutual Best for You?

You've seen the role certain factors have on your car insurance and the different discounts carriers offer. But, at the end of the day, which carrier is the best company for you and your specific profile and needs?

Wolverine Mutual might be best for you if....

• You have a DUI charge on your record.
• You live in an suburban area.
• You're buying insurance for a teen and looking for a wallet-friendly option.

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 Wolverine Mutual and that it aids in making a more informed 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 insurance policy is to compare quotes from several companies, not just Hanover and Wolverine Mutual. Luckily, Compare.com makes it easy for you to do just that. Just enter your ZIP code below and get free quotes from dozens of top car insurance carriers in your area, all in just a few minutes.

Hanover vs. Wolverine Mutual FAQs

Is Hanover or Wolverine Mutual cheaper?

Looking just at the national average rates, Wolverine Mutual is the less expensive of the two companies, offering average rates of $224 a month compared to $853 for Hanover. That being said, Wolverine Mutual won't necessarily be the most affordable company for everyone, since there are many different variables (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, Hanover or Wolverine Mutual?

Unfortunately, the real answer is "it depends.". No one carrier is necessarily "better" for every driver -- it all depends on the makeup of your unique auto insurance profile.

Why do Hanover and Wolverine Mutual offer me different rates?

Car insurance carriers take a look at a lot of different factors when determining the prices they charge drivers. Things like age, gender, your driving record, where you park your car, and sometimes even things like your credit score can all be used. Both Hanover and Wolverine Mutual use different formulas, so each one will most likely offer different premiums. The only real way to see which company is the cheapest for you is by comparing personalized quotes from a bunch of different companies.

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

The only way to find the auto insurance carrier that's right for you is by getting quotes from a handful of carriers and finding the one best suited for your individual budget. Luckily, sites like Compare.com do 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. That way, you can guarantee you're getting the best rate. And who knows, the best company for you might not be Hanover or Wolverine Mutual 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.