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

Quick Facts

• In general, Imt offers significantly cheaper rates than Metlife
• Imt offers more affordable prices for drivers who have a speeding ticket on their driving record
• Metlife may help you save more money -- they offer more discounts than IMT Insurance

Imt or Metlife: Which Company has the Cheapest Car Insurance?

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

You might have narrowed it down to Imt or Metlife as potential options, but which company will save you the most?

As you can see, Metlife has average rates that are around 70% a month more expensive than those from Imt when looking at the national average rates for insurance.

Even so, that doesn't mean Imt will necessarily be more affordable than Metlife for each driver. After all, car insurance carriers can offer drastically different rates to every driver depending on rating factors like your driving record, your credit score, your age, or even where you call home (among other things), so rates will change quite a bit from person to person.

So, if you want to find out which of Imt or Metlife is really the best for you, keep reading to see average premiums for each carrier broken down by many different rate factors.

Imt vs. Metlife: Average Car Insurance Rates by State

Imt and Metlife only compete against each other in two states, with Imt offering less expensive prices to the average driver in all of them. Wisconsin has the most noticable difference, where Imt premiums are $265 more affordable than insurance rates at Metlife.

But there's more to calculating auto insurance prices than just where you live. Continue reading to see how other variables will affect your rates.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive insurance rates of any group out there on the road. It's usually because teen drivers are statistically much more likely to get into an accident that results in a car insurance claim, making them much riskier to insure.

But still, even with seemingly sky-high premiums, teen drivers can still find ways to save money. Just look at the table above -- where 18-year-old drivers who have Imt for their car insurance pay over 80% less than those who use Metlife.

That being said, with both companies, you'll see your prices lower significantly once you turn 25. For example, average rates for Imt policyholders drop about $95 and Metlife's premiums decrease around $500 over that time.

Which is the Best Company for Retired Drivers?

When it comes to auto insurance, patience and experience pay off, with drivers around retirement age paying some of the most affordable prices you'll ever see.

So, which company offers the best rates to retired drivers? Imt gets the edge, with prices for drivers 65 and older $123 less expensive than the national average for Metlife.

Which is the Best Company for Married Drivers?

Did you know that car insurance premiums are typically more expensive for those who are single than they are for married drivers? This usually boils down to married policyholders having multiple vehicles on their policy -- something many insurance carriers will reward with discounts.

For single drivers, the difference in average prices between these two companies is significant, with Imt rates coming in at about a quarter of Metlife's. The advantage for married couples with Imt is also obvious, where drivers save almost $150 per month.

Imt or Metlife: Average Rates by Gender

Men are statistically more likely than women to get into collisions and file an insurance claim, which means they'll normally end up paying more for auto insurance than women.

On average, men see premiums more than $10 a month higher with Imt, but with Metlife, the difference is closer to $28 per month.

Looking at the data for each carrier specifically, Imt offers the lowest average rates for both men and women. On average, male drivers save about $239 a month and women save around $223 with Imt compared to the average Metlife policyholder.

Imt vs. Metlife: 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. There are so many different limits and coverages that it can make it pretty confusing to find the right policy for you.

The two most common policies that drivers look at fall into two categories -- liability coverage (which covers the other party's property damage and injuries if you cause a collision) and full coverage (which includes collision and comprehensive coverages that protect your own car, in addition to liability coverage).

Looking specifically at state minimum liability limits, Imt has the significant edge, with average monthly prices 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 about $160 per month to Metlife's $466.

Is Imt or Metlife Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from 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 speeding tickets and accidents on your record, but which of these two companies offers the cheapest rates to drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Imt for their auto insurance can generally expect their monthly bill to go up around 15% after getting a speeding ticket. Metlife policyholders can expect a bit more drastic of an increase of about 21%.

However, Imt is usually the cheaper option for both drivers who have clean records and those with a recent ticket, offering prices that are 65% and 68% more affordable, respectively, compared to MetLife.

Which Company is Best for Drivers After an Accident?

Imt drivers who get in an accident can expect to see their premiums increase by just under $60, while those who have insurance through Metlife will see around a $150 increase.

At the end of the day, the cheaper rates come from Imt, with average prices coming in at $134 compared to MetLife's $368.

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 speeding ticket or even a collision. Metlife drivers usually see a 55% increase in their car insurance premiums after a DUI charge, while Imt will generally climb rates by about 44%.

How does Credit Score Impact Imt and Metlife Rates?

Often times, your credit score can be used as one of the factors to determine your monthly insurance premiums. Certain states and carriers do not allow for credit score to be used as an auto insurance factor, but it might come into play for lots of policyholders.

The reasoning auto insurance companies 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 less expensive prices.

Looking specifically at Imt and Metlife, which one has the best premiums for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Imt or Metlife 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 how much car insurance carriers will charge for coverage. Typically, those who drive less will end up with cheaper prices since there's less of a chance of causing an accident and filing an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Imt charges. However, there's a small difference in monthly rates for Metlife, with drivers who put 6,000 miles on their vehicle annually paying around $3 less each month compared to those who drive 12,000 miles every year. Still, for drivers in both categories, Imt is the more affordable company.

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

Where you park your car can have a sizable impact on your monthly auto insurance payment. Usually, drivers who live in less densely populated rural areas will pay quite a bit less than urban policyholders since there are a lot fewer vehicles on the roads where they live.

Imt boasts the most affordable average premiums for drivers in every type of area, no matter if it's urban, suburban, or rural.

For drivers in urban ZIP codes, IMT Insurance's average rates are about $253 less than MetLife. People who live in suburban areas pay around $233 less with Imt compared to Metlife. Those in rural areas can expect to save about $209 with Imt compared to Metlife.

Imt vs. Metlife Discounts

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

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.

Luckily, we did the hard work for you and looked at all of the different discounts Imt and Metlife offer their customers so that you can see which carrier offers the most discounts and see which ones you might be able to take advantage of.

Metlife blows Imt away when it comes to the sheer amount of discounts available, offering 27 more discounts than Imt.

There are a couple discounts both companies offer, but Metlife also offers discounts for AAA, ABS, academic, and more.

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

Final Thoughts: Is Imt or Metlife Best for You?

So, we've broken down the average prices for many of the variables auto insurance carriers look at, and walked through the different discounts each carrier offers, too. That's all well and good, but at the end of the day, which company is the best company for you and your specific driver profile?

Imt might be best for you if....

• You have below-average credit.
• You live in an suburban area.
• You are purchasing your insurance with a spouse.

Metlife might be best for you if...

• You value the experience that comes with a large national car insurance carrier.
• You care about discounts (Metlife offers the most).

Hopefully, this guide helps you get a better idea of the difference between Imt and Metlife and that it aids in making a more informed decision about your auto 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 car insurance -- comparing quotes from several companies, not just Imt and Metlife. Luckily, Compare.com does all the hard work for you. Just 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.

Imt vs. Metlife FAQs

Is Imt or Metlife cheaper?

Imt is the less expensive of the two companies when looking at national average rates, with policies averaging $109 a month with Imt and $340 for Metlife. But that doesn't mean Imt will be the lowest company for everyone, since there are several different factors that are considered when it comes to your car insurance bill.

Who is better, Imt or Metlife?

Unfortunately, the answer truly is "it depends.". No single carrier is necessarily "better" for everyone -- it all depends on what your unique auto insurance profile looks like.

Why do Imt and Metlife offer me different rates?

Insurance carriers use a lot of different variables when determining the premiums they charge. Factors like age, where you call home, gender, your driving record, and sometimes even things like your credit score can all be used. Both Imt and Metlife calculate prices differently, so it's likely they'll offer different premiums. The best way to determine which company is the cheapest for you is by comparing personalized quotes from a bunch of different companies.

How do I know if Imt or Metlife 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 make it easy for you to do just that. Just enter your information once and you'll get quotes from dozens of your local top car insurance companies for free. That way, you can guarantee you're getting the best price. And maybe you'll find that the best company for you isn't Imt or Metlife 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.