Hastings Mutual vs. Imt: Which Company is the Best Fit for You?

Quick Facts

• Looking at the national averages for car insurance, Imt offers significantly more affordable premiums than Hastings Mutual
• Hastings Mutual may help you save more money -- they offer more discounts than IMT Insurance
• Imt offers more affordable prices for policyholders who have a clean driving record, free of collisions, tickets, or DUIs

Hastings Mutual or Imt: Which Company has the Cheapest Car Insurance?

So, you're considering switching to a new insurance policy. You've probably seen commercials and billboards from companies offering large savings, but exactly how much money can you save by switching?

You might have narrowed it down to Hastings Mutual or Imt, but which company has cheaper premiums for auto insurance?

Looking at nationwide averages, Hastings Mutual has average rates that are around 50% a month more expensive than those from Imt.

But Imt may not be the cheapest or best option for each driver out there. Car insurance carriers vary their prices depending on things like where you live, how good your credit score is, how old you are, how clean your driving record is, and a ton of other factors, so rates will change quite a bit from person to person.

So, if you want to find out which of Hastings Mutual or Imt is really the best for you, keep reading to see average prices for each company broken down by lots of different rate factors.

Hastings Mutual vs. Imt: Average Car Insurance Rates by State

Hastings Mutual and Imt only compete against each other in two states, with Imt offering less expensive rates to the average driver in all of them. Wisconsin has the most noticable difference, where Imt premiums are $45 cheaper than insurance rates at Hastings Mutual.

That being said, there's a lot more that goes into your auto insurance payment than just the state you live in. Continue reading to learn more about how other variables 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 group out there on the road. It's usually because teen drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

But still, even with seemingly sky-high premiums, teen drivers can still find ways to save money. As you can see above, teens who use Imt save over 45% per month compared to those who use Hastings Mutual.

That being said, both companies will offer you dramatically lower rates by the time drivers turn 25. Imt offers the steepest drop, with 25-year-olds paying less than half what 18-year-old drivers are charged. Hastings Mutual's average prices reduce more than 45% during that same period.

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 lowest premiums you'll ever find.

So, which carrier offers the best prices to retired drivers? Imt gets the edge, with premiums for drivers 65 and older over 50% more affordable than the national average for Hastings Mutual.

Which is the Best Company for Married Drivers?

Did you know that auto insurance rates are normally more expensive for single drivers than they are for married drivers? That's typically because married policyholders tend to own and insure multiple vehicles, which can often earn you a discount.

For single policyholders, the difference in average premiums between these two carriers is significant, with Imt rates coming in at about half of Hastings Mutual's. The advantage is also clear for married couples - Imt offers the most affordable average prices.

Hastings Mutual or Imt: Average Rates by Gender

Men generally pay more for insurance than women. This is because men are statistically more likely than women to get pulled over for speeding or get into a collision, which leads to increased risk for insurers and, therefore, higher rates.

Usually, women see premiums around 2% a month less with Hastings Mutual, but with Imt, the difference is closer to 10% per month.

Looking at overall affordability, Imt offers the lowest average prices for both men and women. On average, women save about $105 a month and men save about $98 with Imt compared to the average Hastings Mutual policyholder.

Hastings Mutual vs. Imt: 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. There are a variety of different coverages that account for a range of different things. Some protect you and your car, while others only provide coverage for other people's property and health if you cause an accident.

The two most common policies that drivers look at fall into two categories -- liability coverage (which provides bodily injury and property damage coverage for other drivers if you cause a collision) and full coverage (which includes collision and comprehensive coverages that protect your own car, in addition to what you get with liability coverage).

Looking specifically at state minimum liability limits, Imt has the significant edge, with average monthly rates coming in at $58. If you want a full coverage policy with the same state minimum limits, Imt again has the edge, with policies averaging around $160 per month to Hastings Mutual's $279.

Is Hastings Mutual or Imt Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their car insurance. But that's not to say you can't save money if you don't have the best driving record, either.

You'll probably end up paying more with speeding tickets and at-fault accidents on your record, but which of these two companies offers the most affordable prices to drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Hastings Mutual for their auto insurance can usually expect their monthly bill to go up about 16% after getting a speeding ticket. Imt policyholders can expect a less drastic increase of around 15%.

However, Imt is typically the less expensive option for both drivers who have a recent ticket and those with clean records -- their rates are around 30% cheaper for drivers with clean records and 31% less expensive for those with a ticket.

Which Company is Best for Drivers After an Accident?

Hastings Mutual drivers who get in an accident can expect to see their premiums increase by over $15, while those who have insurance through Imt will see about a $60 increase.

At the end of the day, the more affordable rates come from Hastings Mutual, with average premiums coming in at $126 compared to IMT Insurance's $134.

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, Hastings Mutual will increase your prices around 77% after a DUI, while Imt's average premiums climb by nearly 45%.

But if you end up with a DUI charge and are looking for more affordable prices, Imt tends to be cheaper for the average driver, with monthly premiums coming in at about $135 to Hastings Mutual's $478.

How does Credit Score Impact Hastings Mutual and Imt Rates?

Did you know many insurance carriers take your credit score into account when determining rates? This isn't true for everyone (Hawaii, for example, has banned the use of credit score as an auto insurance factor) but it might come into play for quite a few policyholders.

Car insurance companies argue that someone with bad credit is less likely to pay their bills on time, which makes them riskier to insure. Because of that, drivers with bad credit will often be forced to pay more.

Looking specifically at Imt and Hastings Mutual, which carrier has the best prices for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have solid credit, Imt will normally reward you the most. For drivers with "excellent" credit scores, Imt comes in just under 48.5 more affordable. Drivers with "good" credit scores generally save around 47% with Imt compared to average rates from Hastings Mutual.

Which Company is Best for Drivers with Bad Credit?

Imt typically offers lower premiums than Hastings Mutual when it comes to drivers with a below average credit score. Drivers with "fair" credit pay about 48% a month less with Imt compared to Hastings Mutual, and those with "poor" scores typically save an average of around 49% a month.

Is Hastings Mutual or Imt Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a pretty big impact on your monthly rates. Normally, those who drive less will end up with less expensive prices since there's less of a chance of causing a collision and filing an insurance claim.

In this case, neither Hastings Mutual or Imt report increasing premiums for drivers with higher annual mileage figures. Imt comes out as the cheapest for drivers at both intervals, whether they put 6,000 or 12,000 miles on their vehicle annually, with average rates of $109 per month for both.

Hastings Mutual or Imt: Compare Rates for Urban, Suburban, and Rural Drivers

Where your home is can play a sizable role in how much you pay for auto insurance. Usually, if you live in an urban area with more cars on the road, you'll pay a little more for insurance, while the opposite is true for people in rural areas.

When comparing these two carriers side-by-side, Imt generally comes out as the most affordable option for drivers in every type of area, no matter if it's urban, suburban, or rural.

Those in rural areas can expect to save about $74 with Imt compared to Hastings Mutual. People who live in suburban areas pay around $77 less with Imt compared to Hastings Mutual. For policyholders in urban ZIP codes, IMT Insurance's average prices are about $155 less than Hastings Mutual Insurance Company.

Hastings Mutual vs. Imt Discounts

No matter why you might be in the market for a new car insurance policy, you're always going to want to save as much money as you can. That's where insurance discounts comes into play.

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.

Luckily, we did the hard work for you and compared all of the different discounts offered by Hastings Mutual and Imt so that you can easily see which company offers the most discounts and see which ones you might be able to take advantage of.

Overall, Hastings Mutual has a slight advantage when it comes to total number of discounts. Imt offers a grand total of nine discounts, while Hastings Mutual has 10.

There are a couple discounts both companies offer, but Hastings Mutual also offers discounts for ABS, anti-theft, company car, and more.

On the other hand, Imt has a few proprietary discounts of their own for things like commercial product discounts, distant student discounts, driver training discounts, and more.

Final Thoughts: Is Hastings Mutual or Imt Best for You?

So, we've broken down the average premiums for many of the factors auto insurance carriers look at, and we've shown you all the discounts each carrier offers. That's all well and good, but when it comes down to it, is Hastings Mutual or Imt the right one for you and your specific profile and needs?

Imt might be best for you if....

• Your credit is below-average.
• Your home is located in the suburbs.
• You live in a rural area.

Hastings Mutual might be best for you if...

• Your driving record contains an at-fault accident.
• You care about discounts (Hastings Mutual offers the most).

Hopefully, this guide helps you get a good idea of the differences between Hastings Mutual and Imt. We also hope we've given you the information you need to make the best decision about your car 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 several companies, not just Hastings Mutual and Imt. Luckily, sites like Compare.com make it easy for you to do just that. Simply enter your ZIP code below and get free quotes from dozens of the top insurance carriers in your area, all in just a few minutes.

Hastings Mutual vs. Imt FAQs

Is Hastings Mutual or Imt cheaper?

Imt is the more affordable of the two companies when looking at national average prices, with policies averaging $109 a month with Imt and $211 for Hastings Mutual. Even so, that doesn't mean Imt will be the cheapest company for every driver, since there are many different variables that are considered when it comes to your auto insurance cost.

Who is better, Hastings Mutual or Imt?

Unfortunately, the only answer we can give you is "it depends.". One carrier is not necessarily "better" for everyone -- it all depends on the makeup of your unique insurance profile. For example, Imt is less expensive for drivers who have less-than-stellar credit scores, while Hastings Mutual offers cheaper premiums for drivers with an at-fault collision on their record.

Why do Hastings Mutual and Imt offer me different rates?

Car insurance carriers use lots of different factors when calculating the rates they charge. Variables such as gender, your driving record, where you live, age, and sometimes even things like your credit score can all be used. Both Hastings Mutual and Imt calculate premiums using different factors, so it's likely they'll offer different rates. The best way to determine which company is the lowest for you is by comparing personalized quotes from multiple different companies.

How do I know if Hastings Mutual or Imt is right for me?

The only way to find the 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, Compare.com does all the hard work for you. Just enter your information once and you'll get quotes from dozens of your local top car insurance companies for free. With those, you can guarantee you're getting the cheapest price. And maybe you'll find that the best company for you isn't Hastings Mutual or Imt at all, but another you hadn't even thought of!

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.