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

Quick Facts

• In general, Hastings Mutual offers significantly cheaper premiums than Michigan
• Hastings Mutual has more affordable prices for policyholders who haven't received any speeding tickets or been in an accident in the last few years
• Michigan offers more discounts than Hastings Mutual Insurance Company

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

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

You might be considering Hastings Mutual or Michigan, but between the two, which company will save you the most?

Looking at the national average rates for both companies, Hastings Mutual has average rates that are about 55% per month less expensive than those from Michigan.

Even so, that doesn't necessarily mean Hastings Mutual will be the cheaper option for every single driver. After all, car insurance carriers 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, at the end of the day, premiums from every carrier will differ quite a bit from person to person.

So, if you want to find out which of Hastings Mutual or Michigan 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 or Michigan: Average Car Insurance Rates by State

Hastings Mutual and Michigan only compete against each other in Michigan, where Michigan offers the cheaper average rates. For Michigan residents, Michigan offers auto insurance for $480 monthly on average. Hastings Mutual's average premiums come out to be over 20% more expensive, at $582 per month.

That being said, there are plenty of other factors that go into your car insurance cost than just your home state. Keep reading to find out more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive insurance prices of any group on the road. That's typically because young, inexperienced drivers are statistically much more likely to get into accidents since they have less experience on the roads.

But still, even with seemingly sky-high rates, teen drivers can still find ways to save money. Just look at the table above -- where 18-year-old drivers who have Hastings Mutual for their auto insurance pay more than $500 less than those who use Michigan.

That being said, both companies will reduce prices once you turn 25. Michigan offers the steepest drop, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. That being said, Hastings Mutual still has the cheapest rates at $202 a month.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll usually 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 rates for car insurance.

But who has the best prices for retired drivers between Hastings Mutual and Michigan? Hastings Mutual gets the edge here, with average premiums coming in at around $167 per month compared to Michigan's $326.

Which is the Best Company for Married Drivers?

You may not be aware, but auto insurance rates tend to be more expensive for single drivers than they are for married drivers. That's because policies for married policyholders generally cover more than one car, which a lot of carriers will offer you a discount for.

When it comes to relationship status, Hastings Mutual is the clear winner for those who are single, with prices about $352 a month more affordable than Michigan, on average. For married couples, the advantage is clear again - Hastings Mutual has the edge when it comes to average premiums.

Hastings Mutual vs. Michigan: Average Rates by Gender

You may not know, but insurance is normally cheaper for women than it is for men. This is because men are statistically more likely than women to cause a collision and get into accidents, which leads to increased risk for insurers and, therefore, higher prices.

On average, women see rates around $5 per month less expensive with Hastings Mutual; men and women end up paying the same monthly premiums with Michigan.

When it comes to the lowest rates for each gender, Hastings Mutual comes out as the most affordable option for both genders. On average, women save about $272 a month and men save about $267 with Hastings Mutual compared to the average Michigan policyholder.

Hastings Mutual or Michigan: 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 auto insurance, but there are so many different limits and coverages that it can be hard to find the right policy.

But the most common policies that many drivers look at fall into two categories -- liability only (which provides property damage and bodily injury coverage for other drivers 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 limits for liability insurance, Hastings Mutual usually offers significantly cheaper prices of $142 compared to Michigan's $312. When it comes to full coverage policies with similar limits, Hastings Mutual again has the edge, with policies around $350 per month more affordable than Michigan, on average.

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

You've probably seen plenty of commercials from insurance companies 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 accidents and tickets on your record, but which of these two carriers offers the cheapest 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 a month if they get a ticket, while Michigan normally raises premiums about $205 per month, on average.

However, Hastings Mutual is generally the cheaper option for both drivers who have clean records and those with a recent speeding ticket, offering prices that are 61% and 73% more affordable, respectively, compared to Michigan Insurance Company.

Which Company is Best for Drivers After an Accident?

Hastings Mutual drivers who get in an accident can expect to see their rates rise by over $15, while those who have insurance through Michigan will see around a $150 increase.

Overall, drivers who use Hastings Mutual end up with the cheaper prices after an accident, with monthly premiums averaging $126 compared to Michigan Insurance Company's $431.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge, you can expect some pretty significant increases in your monthly car insurance bill -- typically a lot more than a collision or ticket. On average, Michigan will increase your prices about 61% after a DUI, while Hastings Mutual's average rates climb by over 75%.

If you have a DUI on your record and are looking for more affordable premiums, Hastings Mutual tends to be the much less expensive option with average rates of $478 a month compared to $723 from Michigan.

How does Credit Score Impact Hastings Mutual and Michigan Rates?

In many cases, your credit score can be used as one of the factors to calculate your monthly auto insurance premiums. Certain states and companies do not allow for credit score to be used as a rating factor, but it might come into play for lots of policyholders.

The reasoning car insurance carriers use is that drivers 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 cheaper prices.

Looking specifically at Hastings Mutual and Michigan, which carrier has the lowest rates for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

Michigan is one of a handful of states that restricts auto insurance companies from using credit scores to determine premiums. And since Michigan 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 Hastings Mutual and other carriers tend to increase premiums 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 Hastings Mutual drivers in other states, but no need to worry if you live in Michigan.

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

The amount of time you spend behind the wheel of your car plays a big role in your monthly prices. Usually, the more miles you put on your vehicle, the more you can expect to pay for coverage.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Hastings Mutual charges. However, there's a pretty significant difference in monthly rates for Michigan, with drivers who put 6,000 miles on their car annually paying around $59 less each month compared to those who drive 12,000 miles yearly. Still, Hastings Mutual is the more affordable option for drivers in both categories.

Hastings Mutual vs. Michigan: 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 sizable impact as well. Typically, if you live in a rural area with fewer cars on the road, you'll pay a little less for auto insurance, while the opposite is true for people in urban areas.

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

Drivers in rural ZIP codes see the lowest rates from both companies, but Hastings Mutual comes out on top with average prices about $164 monthly. Hastings Mutual also has less expensive average rates for policyholders in urban and suburban ZIP codes -- a $202 and $311 a month respective difference when compared to Michigan drivers in similar areas.

Hastings Mutual vs. Michigan Discounts

Regardless of why you might be in the market for a new insurance policy, you're always going to want to save as much money as possible. That's where auto insurance discounts comes into play.

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 can take advantage of.

In the section below, we've compared all of the different discounts offered by Hastings Mutual and Michigan so that you can see which company can save you the most money each month.

Michigan knocks Hastings Mutual out of the park when it comes to the sheer number of discounts available, offering 17 different discounts to Hastings Mutual's 17.

There are a couple discounts both carriers offer, but Michigan also offers advance quote discounts, COVID-19 relief discount, family car discounts, and more that Hastings Mutual does not.

On the flip side, Hastings Mutual has a couple unique discounts of its own -- company car discounts, discounts for insuring multiple cars with the same company, prior carrier discounts, and more.

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

So, you've seen how different variables can affect your insurance premiums. We've broken down the different discounts each company offers, too. But, at the end of the day, which insurance carrier is the right one for you and your specific needs?

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

• You have an at-fault accident on your record.
• Your credit score is high.
• You're married and plan to have both of your names on the vehicle's car insurance policy.

Michigan might be best for you if...

• You're looking for discounts -- Michigan has the most.

We hope this guide has ben a valuable resource as you compare Hastings Mutual and Michigan. We also hope we've given you the information you need to make the best decision when it comes to 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 Hastings Mutual and Michigan. 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 car insurance carriers in your area, all for free.

Hastings Mutual vs. Michigan FAQs

Is Hastings Mutual or Michigan cheaper?

Looking just at the national average rates, Hastings Mutual is the more affordable of the two companies, offering average rates of $211 per month compared to $480 for Michigan. That being said, Hastings Mutual won't necessarily be the most affordable company for everyone, since there are many different factors that are considered when it comes to your insurance bill.

Who is better, Hastings Mutual or Michigan?

Sadly, the answer truly is "it depends.". No one carrier is "better" for every driver -- it all depends on the makeup of your unique car insurance profile.

Why do Hastings Mutual and Michigan offer me different rates?

Auto insurance carriers take a look at several different variables when calculating the prices they charge policyholders. Factors such as gender, your driving record, where you park your vehicle, age, and sometimes even things like your credit score can all be used. Both Hastings Mutual and Michigan calculate premiums differently, so each one will most likely offer different rates. The only real way to see which company is the cheapest for you is by comparing personalized quotes from multiple different companies.

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

The only way to find the car 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 make it easy for you to do just that. Just enter your information once 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 rate. And who knows, the best company for you might not be Hastings Mutual or Michigan 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.