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

Quick Facts

• Based on national averages for insurance, Hastings Mutual offers significantly cheaper premiums than Meemic
• Hastings Mutual offers more affordable rates for policyholders who live in suburban areas
• Meemic has more affordable premiums for drivers with a DUI charge on their record

Hastings Mutual vs. Meemic: Which Company has the Cheapest Car Insurance?

Are you considering a new insurance policy? 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 Hastings Mutual or Meemic as potential options, but which company will offer you less expensive rates?

As you can see, Hastings Mutual has average rates that are about 25% per month cheaper than those from Meemic when looking at the national average rates for car insurance.

However, Hastings Mutual may not be the most affordable or best option for each driver out there. Auto insurance companies use all sorts of complex algorithms to calculate prices, so depending on how clean your driving record is or where you live (among quite a few other factors), you could see wildly different premiums from the ones above.

Wanting to know if Hastings Mutual or Meemic is really the right company for you? Keep on reading to see how average rates can change based on all of the factors we've mentioned above.

Hastings Mutual or Meemic: Average Car Insurance Rates by State

Hastings Mutual and Meemic only compete against each other in Michigan, where Meemic offers the cheaper average prices. For Michigan residents, Meemic offers insurance for $281 per month on average. Hastings Mutual's average rates come out to be over 70% more expensive, at $582 monthly.

But there's more to calculating car insurance premiums than just where you live. Keep reading to learn more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers usually pay a lot more for auto insurance than any other group of drivers. The reason is that young, inexperienced drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

That being said, that doesn't mean teen drivers can't still save money on their insurance. Just look at the table above -- where 18-year-old drivers who have Hastings Mutual for their car insurance pay $35 less than those who use Meemic.

But both carriers will offer you dramatically lower prices once you turn 25. For example, average rates for Hastings Mutual policyholders drop more than $150 and Meemic's premiums lower around $150 over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age normally enjoy some of the lowest auto insurance prices you'll ever find. After all, they've likely been driving for quite some time, which generally lowers their chances of accidents and other infractions that can increase rates.

So, which carrier offers the best premiums to retired drivers? Hastings Mutual gets the edge here, with average prices coming in at about $167 a month compared to Meemic's $279.

Which is the Best Company for Married Drivers?

Those who are single tend to get offered slightly more expensive insurance premiums than married drivers. This usually boils down to married policyholders having more than one car on their policy -- something several auto insurance companies will reward with discounts.

When it comes to relationship status, Hastings Mutual is the clear winner for single drivers, with rates around $66 a month more affordable than Meemic, on average. The advantage is also clear for married couples - Hastings Mutual offers the cheapest average prices.

Hastings Mutual vs. Meemic: Average Rates by Gender

Men are statistically more likely than women to get into an accident or get pulled over for speeding. That means when it comes to car insurance men will typically end up paying a little more.

Men generally pay about 2% more per month than women with Hastings Mutual; and with Meemic, everyone ends up paying the same monthly rates regardless of gender.

Looking at the data for each company specifically, Hastings Mutual comes out on top for both men and women, with average premiums $68 less for men and $73 cheaper for women.

Hastings Mutual or Meemic: 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 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 (that covers property damage and bodily injury for other drivers and passengers if you cause a collision) and full coverage (which includes two additional coverages -- comprehensive and collision -- alongside liability).

If you're looking for state minimum liability limits, Hastings Mutual normally offers significantly less expensive prices of $142 compared to Meemic's $201. When it comes to full coverage policies with similar limits, Hastings Mutual again has the edge, with policies around $80 a month more affordable than Meemic, on average.

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

You've probably seen plenty of commercials from car insurance carriers offering great premiums for good drivers, but that doesn't mean people with less-than-perfect driving records can't save money, too.

You'll probably end up paying more with tickets and collisions on your record, but which of these two companies offers the most affordable prices to drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Hastings Mutual policyholders can expect their rates to go up an average of $20 per month if they get a ticket, while Meemic typically raises prices about $100 a month, on average.

Even so, Hastings Mutual has cheaper rates for drivers in both categories, offering premiums that are 38% and 53% less expensive, respectively, compared to Meemic Insurance Company.

Which Company is Best for Drivers After an Accident?

Both carriers will raise rates pretty significantly if you get into an at-fault accident with Meemic raising by just under $75. Hastings Mutual has a less extreme increase, but you can still expect to pay over $15 more than you were prior to your first collision.

Overall, Hastings Mutual offers the lowest prices for drivers with an at-fault accident on their records, with monthly premiums averaging $126 compared to Meemic Insurance Company's $250.

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 auto insurance bill. Hastings Mutual drivers usually see a 77% increase in their insurance rates after a DUI charge, while Meemic will usually climb prices by around 58%.

If you have a DUI on your record and are looking for more affordable premiums, Meemic tends to be the much cheaper option with average prices of $421 per month compared to $478 from Hastings Mutual.

How does Credit Score Impact Hastings Mutual and Meemic Rates?

You may not realized it, but your credit score can come into play when companies determine your monthly bill. This isn't always the case (for example, Michigan and California are two states that ban the practice entirely), but it will come into play for quite a few drivers.

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

Looking at Hastings Mutual and Meemic specifically, which carrier has the best rates for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

Michigan is one of a few states that bans insurance companies from using credit scores to calculate premiums. And since Meemic is only available in Michigan, there is no data available on how credit score impacts rates because it's not a factor at all. This may be a good thing, since Hastings Mutual and other carriers tend to increase prices 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 less-than-stellar credit and live in Michigan, the good news is it won't cost you extra when it comes to car insurance. As you can see, poor credit can really cost Hastings Mutual drivers in other states, but no need to worry if you live in Michigan.

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

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

In this case, neither Hastings Mutual or Meemic report increasing premiums for drivers with higher annual mileage figures. That being said, Hastings Mutual comes out as the most affordable for drivers at both intervals, whether they put 6,000 or 12,000 miles on their vehicle each year, with average rates of $211 per month for both.

Hastings Mutual vs. Meemic: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can have a big impact on your monthly auto insurance bill. 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.

When comparing these two companies side-by-side, Hastings Mutual usually comes out as the cheapest option for drivers in every type of area, no matter if it's urban, suburban, or rural.

Policyholders in rural ZIP codes see the lowest premiums from both carriers, but Hastings Mutual comes out on top with average prices about $164 monthly. Hastings Mutual also has less expensive average rates for drivers in urban and suburban ZIP codes -- a $31 and $96 a month respective difference when compared to Meemic policyholders in similar areas.

Hastings Mutual vs. Meemic Discounts

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

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

Below, we've broken down all of the different discounts offered by both Hastings Mutual and Meemic so that you can see which one can save you the most money each month.

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

Both companies offer lots of the same discounts -- like anti-theft discounts, discounts for being a good student, and prior carrier discounts -- but Hastings Mutual also offers ABS discounts, company car discounts, good driving discounts, and more that Meemic does not.

On the flip side, Meemic has a couple unique discounts of its own -- employee discounts, group discounts, multi-policy discounts, and more.

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

You've seen the role certain factors have on your auto insurance and the different discounts carriers offer. That's all well and good, but at the end of the day, which company is the best carrier for you and your specific driver profile?

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

• You have an at-fault accident on your record.
• You live in an urban area.
• You're married and plan to have both of your names on the vehicle's car insurance policy.

Meemic might be best for you if...

• You have a DUI charge on your record.

We hope this guide helps you get a good idea of the differences between Hastings Mutual and Meemic and that you can now make a more informed decision when it comes to your insurance.

At the end of the day, the best way to make sure you're getting the best deal on your auto insurance policy is to compare quotes from multiple companies, not just Hastings Mutual and Meemic. 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.

Hastings Mutual vs. Meemic FAQs

Is Hastings Mutual or Meemic cheaper?

Looking just at the national average premiums, Hastings Mutual is the more affordable of the two companies, offering average rates of $211 per month compared to $281 for Meemic. But Hastings Mutual won't necessarily be the cheapest carrier for every driver, since there are multiple different variables that come into play when it comes to your auto insurance cost.

Who is better, Hastings Mutual or Meemic?

Sadly, the answer truly is "it depends.". Neither company is "better" for each driver -- it all depends on what your unique car insurance profile looks like. For example, Meemic offers less expensive prices for drivers with a recent DUI, while Hastings Mutual is cheaper for drivers with excellent credit.

Why do Hastings Mutual and Meemic offer me different rates?

Auto insurance carriers take a look at lots of different factors when calculating the rates they charge drivers. Variables such as age, gender, where you park your car, your driving record, and sometimes even things like your credit score can all be used. Both Hastings Mutual and Meemic calculate premiums using different factors, so each one will most likely offer different prices. The only real way to see which carrier is the most affordable for you is by comparing personalized quotes from several different companies.

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

The only way to find the car 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, sites like Compare.com make it easy for you to do just that. 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 lowest rate. And who knows, the best carrier for you might not be Hastings Mutual or Meemic 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.