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

Quick Facts

• Looking at the national averages for insurance, Imt offers significantly less expensive prices than National Mutual
• Imt tends to be a much cheaper option for policyholders who live in rural neighborhoods
• National Mutual may help you save more money -- they offer more discounts than IMT Insurance

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

So, you're considering switching to a new insurance policy. After all, you've seen ads from all sorts of companies offering large savings. But exactly how much can you save by switching?

You might be considering Imt or National Mutual as potential options, but between the two, which carrier has more affordable rates for car insurance?

Looking at the national average rates for both carriers, National Mutual has average rates that are around 45% a month more expensive than those from Imt.

However, that doesn't necessarily mean Imt will be the cheaper option for each driver. Auto insurance companies use a ton of complex algorithms to determine prices, so depending on where you live or how good your credit score is (among an array of other factors), you could see wildly different rates from the ones above.

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

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

Imt and National Mutual only compete against each other in one states, with Imt offering less expensive rates to the average driver in all of them. Iowa has the most noticable difference, where Imt prices are $142 more affordable than car insurance premiums at National Mutual.

But there's more to calculating insurance rates than just your home state. Read on to find out more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers generally pay a lot more for auto insurance than any group on the road. Normally, that's because teen drivers are statistically much more likely to get into an accident that results in an insurance claim, making them much riskier to insure.

But 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 Imt for their car insurance pay almost 60% less than those who use National Mutual.

Even so, with both carriers, you'll see your premiums drop significantly by the time drivers turn 25. For example, average prices for Imt policyholders decrease over 45% and National Mutual's premiums reduce more than 60% over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll typically enjoy the cheapest auto insurance prices 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 insurance.

When looking at Imt and National Mutual specifically, which carrier is best for retired drivers? Imt gets the edge, with premiums for drivers 65 and older nearly 40% less expensive than the national average for National Mutual.

Which is the Best Company for Married Drivers?

Did you know that car insurance rates are usually more expensive for single policyholders than they are for married couples? This usually boils down to married policyholders having multiple vehicles on their policy -- something lots of auto insurance companies will reward with discounts.

For single drivers, the difference in average prices between these two carriers is significant, with Imt premiums coming in at about half of National Mutual's. The advantage for married drivers with Imt is also obvious, where drivers save around $60 per month.

Imt or National Mutual: Average Rates by Gender

Men are statistically more likely than women to cause a collision and get into accidents, which means they'll generally end up paying more for insurance than women.

Usually, women see prices over $10 a month cheaper with Imt, and about $21 less with National Mutual.

Looking at the data for each company specifically, Imt offers the most affordable average rates for both men and women, with average premiums 46% less for men and 46% cheaper for women.

Imt vs. National 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 can be pretty complicated. There are so many different terms and limits 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 (that covers property damage and bodily injury for other drivers and passengers if you cause a collision) and full coverage (which typically refers to having collision and comprehensive coverages in addition to what you get with a liability policy).

Looking specifically at state minimum limits for liability insurance, 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 around $160 per month to National Mutual's $308.

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

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

It's no secret secret that speeding tickets and at-fault collisions lead to higher rates, but which carrier -- Imt or National Mutual -- has the lowest premiums for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Imt for their car insurance can usually expect their monthly bill to go up about 15% after getting a speeding ticket. National Mutual policyholders can expect a less drastic increase of around 8%.

That being said, Imt tends to offer the best prices for drivers both with a ticket and with a clean record -- their rates are around 42% more affordable for drivers with clean records and 37% less expensive for those with a ticket.

Which Company is Best for Drivers After an Accident?

Imt drivers who get in an accident can expect to see their rates rise by just under 45%, while those who have insurance through National Mutual will see about a 35% increase.

At the end of the day, drivers who use Imt end up with the cheaper prices after an accident, with average prices coming in at $134 compared to National Mutual Insurance's $207.

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 auto insurance bill -- normally a lot more than a collision or speeding ticket. National Mutual drivers usually see a 60% raise in their car insurance premiums after a DUI charge, while Imt will usually climb prices by around 44%.

But if you end up with a DUI charge and are looking for more affordable rates, Imt tends to be cheaper for the average driver, with monthly premiums coming in at about $135 to National Mutual's $325.

How does Credit Score Impact Imt and National Mutual Rates?

You may not have known, but your credit score can come into play when companies calculate your monthly bill. This isn't true for everyone (for example, are two states that ban the practice entirely), but it will come into play for a lot of policyholders.

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

Looking specifically at Imt and National Mutual, which one 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 more than 31.75 less expensive. Drivers with "good" credit scores generally save around 37% with Imt compared to average rates from National Mutual.

Which Company is Best for Drivers with Bad Credit?

Imt typically offers lower premiums than National Mutual when it comes to drivers with less-than-stellar credit. Drivers with "fair" credit pay about 51% a month less with Imt compared to National Mutual, and those with "poor" scores typically save an average of around 53% per month.

Is Imt or National Mutual 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 auto insurance companies will charge for coverage. Usually, the more milage you put on your car each year, the more you can expect to pay for coverage.

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

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

Where your home is can play a substantial role in how much you pay for car insurance. Normally, policyholders who live in less densely populated rural areas will pay quite a bit less than urban drivers since there are a lot fewer cars on the roads where they live.

Imt boasts the most affordable average rates for drivers in all areas, regardless of if they're urban, suburban, or rural.

For drivers in urban ZIP codes, Imt's average premiums are about $136 while National Mutual offers rates around $214. Drivers in suburban ZIP codes pay a monthly premium of about $100 with Imt compared to $201 with National Mutual. If you live in a rural area, you can expect to pay around $90 monthly with Imt compared to National Mutual's $189.

Imt vs. National Mutual Discounts

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

But with what seems like a million different discounts out there, it can be difficult to nail down the carrier that has the most discounts for your unique driver profile and to find all the discounts you're eligible for.

Luckily, we did the hard work for you and broke down all of the different discounts offered by both Imt and National Mutual so that you can see which company can save you the most money each month.

National Mutual blows Imt away when it comes to the sheer amount of discounts available, offering 19 different discounts to Imt's nine.

Both carriers offer lots of the same discounts -- like discounts for being a defensive driver, discounts for getting driver training, and minor child discounts -- but National Mutual also offers discounts for advance quote, anti-theft, claim free, and more.

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

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

So, we've broken down the average prices for many of the variables insurance companies look at, and walked through the different discounts each company offers, too. That's all well and good, but when it comes down to it, is Imt or National Mutual the right one for you and your specific driver profile?

Imt might be best for you if....

• You want to save money on your auto insurance after an accident.
• You want the most robust protection via a "full coverage" policy.
• You don't spend much time in your car.

National Mutual might be best for you if...

• You want to save extra money with discounts.

Hopefully, this guide helps you get a good idea of the differences between Imt and National Mutual and that it aids in making a more informed decision about your insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your car insurance policy is to compare quotes from multiple carriers, not just Imt and National Mutual. Luckily, Compare.com makes it easy for you to do just that. Simply enter your ZIP codes below and get free quotes from dozens of top auto insurance companies in your area, all in just a few minutes.

Imt vs. National Mutual FAQs

Is Imt or National Mutual cheaper?

Imt is the cheaper of the two carriers when looking at national average premiums, with policies averaging $109 a month with Imt and $201 for National Mutual. But that doesn't mean Imt will be the lowest carrier for every driver, since there are multiple different factors that come into play when it comes to your car insurance payment.

Who is better, Imt or National Mutual?

Sadly, the answer truly is "it depends.". No single company is necessarily "better" for everyone -- it all depends on the makeup of your unique insurance profile.

Why do Imt and National Mutual offer me different rates?

Auto insurance companies use several different variables when determining the rates they charge. Things like where you call home, age, where you park your vehicle, gender, and sometimes even things like your credit score can all be used. Both Imt and National Mutual calculate premiums using different factors, so it's likely they'll offer different prices. The best way to determine which carrier is the most affordable for you is by comparing personalized quotes from a bunch of different carriers.

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

The only way to find the insurance company that's right for you is by getting quotes from a handful of companies 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 ZIP code and you'll get quotes from dozens of your local top car insurance carriers for free. With those, you can guarantee you're getting the best price. And maybe you'll find that the best carrier for you isn't Imt or National Mutual 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.