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

Quick Facts

• In general, Secura offers significantly cheaper prices than Meemic
• Secura has less expensive premiums for drivers who have received a ticket within the last few years
• Secura offers more affordable rates for drivers who have less-than-stellar credit

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

So, you're thinking about switching your auto insurance. 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 Meemic or Secura as potential options, but which carrier will offer you more affordable prices?

Looking at nationwide averages, Meemic has average rates that are about 50% per month more expensive than those from Secura.

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

Luckily, we've broken down average premiums from both Meemic and Secura by many different rate factors, so read on to find out which carrier is the best for you.

Meemic or Secura: Average Car Insurance Rates by State

Meemic and Secura only compete against each other in Michigan, where Secura offers the cheaper average prices. For Michigan residents, Secura offers auto insurance for $170 per month on average. Meemic's average premiums come out to be over 60% more expensive, at $281 a month.

There are plenty of other factors that go into your insurance payment 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 car insurance than any group on the road. The reason is that young, inexperienced drivers are statistically much more likely to get into an accident that results in a car insurance claim, making them much riskier to insure.

Even so, that doesn't mean teen drivers can't still save money on their auto insurance. For example, 18-year-old drivers pay an average of nearly $100 less a month by choosing Secura over Meemic.

That being said, with both carriers, you'll see your prices lower significantly once you turn 25. For example, average rates for Meemic policyholders drop more than $150 and Secura's premiums reduce almost $200 over that time.

Which is the Best Company for Retired Drivers?

When it comes to car insurance, patience and experience pay off, with drivers around retirement age paying some of the lowest prices you'll ever find.

When looking at Meemic and Secura specifically, which company is best for retired drivers? Secura gets the edge here, with average rates coming in at around $111 monthly compared to Meemic's $279.

Which is the Best Company for Married Drivers?

Married drivers tend to get slightly cheaper insurance premiums than single drivers. This usually boils down to married couples having multiple cars on their policy -- something a lot of car insurance companies will reward with discounts.

When it comes to relationship status, Secura is the clear winner for single policyholders, with prices about $128 per month less expensive than Meemic, on average. For married policyholders, the advantage is clear again - Secura has the edge when it comes to average rates.

Meemic vs. Secura: Average Rates by Gender

Because men are more likely to get speeding tickets and get into accidents, they have an increased chance of filing a claim with insurance. Therefore, insurance carriers will often charge men more than women.

Everyone gets the same monthly premiums regardless of gender with Meemic, while with Secura, the difference is closer to 2% a month.

Looking at the data for each carrier specifically, Secura offers the most affordable average rates for both men and women, with average prices 48% less for men and 49% cheaper for women.

Meemic or Secura: 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, auto 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.

The two most common policies that many drivers look at fall into two categories -- liability only (which provides bodily injury and property damage coverage for other drivers if you cause an accident) and full coverage (which typically refers to having comprehensive and collision coverages alongside liability coverage).

If you're looking for state minimum liability insurance, Secura normally offers significantly more affordable rates of $69 compared to Meemic's $201. When it comes to full coverage policies with similar limits, Secura again has the edge, with policies around $150 per month cheaper than Meemic, on average.

Is Meemic or Secura 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.

It's no secret secret that tickets and accidents lead to higher prices, but which company -- Meemic or Secura -- has the lowest rates for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Meemic policyholders can expect their premiums to go up an average of $100 a month if they get a ticket, while Secura usually raises prices about $35 per month, on average.

However, Secura is typically the more affordable option for both drivers who have clean records and those with a recent speeding ticket -- their rates are around 51% less expensive for drivers with clean records and 56% more affordable for those with a ticket.

Which Company is Best for Drivers After an Accident?

Meemic drivers who get in a collision can expect to see their premiums rise by just under $75, while those who have insurance through Secura will see around a $40 increase.

Overall, the less expensive rates come from Secura, with monthly prices averaging $129 compared to Meemic Insurance Company's $250.

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 -- generally a lot more than an accident or ticket. For example, Meemic increases average premiums by just under $250 a month -- that's just under a 60% increase.

If you have a DUI on your record and are looking for more affordable rates, Secura tends to be the much cheaper option with average prices of $244 a month compared to $421 from Meemic.

How does Credit Score Impact Meemic and Secura Rates?

Often times, your credit score can be used as one of the factors to calculate your monthly auto insurance rates. Certain states and carriers do not allow for credit score to be used as a rating factor, but it does affect quite a few policyholders out there.

Insurance companies argue that someone with good credit is more likely to pay their bills on time, which makes them less risky to insure. Because of that, drivers with good credit will often be rewarded with more affordable prices.

Looking specifically at Secura and Meemic, which one has the most affordable 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 Meemic or Secura 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 carriers will charge for coverage. That's because the more miles you put on your vehicle each year, the more likely you are to get into a collision and cause an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Meemic charges. However, there's a small difference in monthly rates for Secura, with policyholders who drive 6,000 miles annually paying about $5 less each month compared to those who drive 12,000 miles every year. Still, Secura is the less expensive option for drivers in both categories.

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

Where you call home can play a substantial role in how much you pay for car 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.

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

If you live in a rural area, you can expect to save around 44% with Secura compared to Meemic. Drivers in suburban ZIP codes pay about 50% less with Secura compared to Meemic. In urban areas, SECURA Insurance's average rates are around 50% less than Meemic Insurance Company.

Meemic vs. Secura Discounts

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

The hard part is finding all of the discounts you're eligible for, since it can feel sometimes like every company has different discounts and each one is advertised differently.

Below, we've broken down all of the different discounts offered by both Meemic and Secura so that you can easily see which company offers the most discounts and see which ones you might be able to take advantage of.

Secura knocks Meemic out of the park when it comes to the sheer number of discounts available, offering 11 more discounts than Meemic.

There are a couple discounts both companies offer, but Secura also offers advance quote discounts, distant student 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 and prior carrier discounts.

Final Thoughts: Is Meemic or Secura Best for You?

So, we've broken down the average premiums for many of the variables insurance carriers look at, and we've shown you all the discounts each carrier offers. But, when it comes down to it, is Meemic or Secura the right company for you and your specific profile and needs?

Secura might be best for you if....

• You have a DUI charge on your record.
• You care about discounts (Secura offers the most).
• You've started working from home and don't have much of a commute.

Meemic might be best for you if...

• You have a more unique driver profile than those we mentioned above.

We hope this guide helps you get a good idea of the differences between Meemic and Secura. 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 best way to make sure you're getting the best deal on your insurance policy is to compare quotes from multiple companies, not just Meemic and Secura. Luckily, sites like Compare.com do all the hard work for you. Simply enter your ZIP codes below and get free quotes from dozens of top auto insurance carriers in your area, all in just a few minutes.

Meemic vs. Secura FAQs

Is Meemic or Secura cheaper?

Looking just at the national average prices, Secura is the cheaper of the two companies, offering average rates of $146 per month compared to $281 for Meemic. Even so, Secura won't necessarily be the most affordable company for each driver, since there are a bunch of different factors that are considered when it comes to your car insurance cost.

Who is better, Meemic or Secura?

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.

Why do Meemic and Secura offer me different rates?

Auto insurance carriers take a look at lots of different variables when calculating the premiums they charge drivers. Things such as age, where you park your car, your driving record, gender, and sometimes even things like your credit score can all come into play. Both Meemic and Secura calculate prices using different factors, 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 Meemic or Secura is right for me?

The only way to find the car insurance carrier that's right for you is by getting quotes from several carriers and finding the one best suited for your individual budget. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code and you'll get free quotes from dozens of the best auto insurance companies in your area. With those, you can guarantee you're getting the lowest premium. And who knows, the best company for you might not be Meemic or Secura 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.