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

Quick Facts

• Based on national averages for insurance, Wolverine Mutual offers significantly less expensive prices than Meemic
• Meemic tends to be a much cheaper option for policyholders who live in urban areas
• Wolverine Mutual has more affordable rates for policyholders who haven't received any speeding tickets or been in a collision in the last few years

Meemic or Wolverine Mutual: 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 hefty savings, you're probably wondering exactly how much you might be able to save.

You've maybe even narrowed it down to Meemic or Wolverine Mutual as potential options, but which carrier has less expensive prices for car insurance?

Looking at nationwide averages, Wolverine Mutual is around $57 a month cheaper than Meemic.

However, that doesn't necessarily mean Wolverine Mutual will be the more affordable option for every single driver. Auto insurance carriers use tons of complex algorithms to determine rates, so depending on how old you are or where you live (among quite a few other factors), you could see wildly different premiums from the ones above.

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

Meemic vs. Wolverine Mutual: Average Car Insurance Rates by State

Both Meemic and Wolverine Mutual only offer insurance in Michigan, so you'll see that the average figures here will mirror the ones we mentioned above. Wolverine Mutual drivers tend to pay about $57 per month less on average compared to drivers who use Meemic for their auto insurance.

Typically, where you call home will play a substantial role in how much you pay for insurance, but since both companies only do business in Michigan, many other variables will come into play when you compare Meemic and Wolverine Mutual. Read on to learn more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive car insurance premiums of any group on the road. That's normally because teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

But that doesn't mean teen drivers can't still save money on their insurance. For example, 18-year-old drivers pay an average of almost 5% less a month by choosing Meemic over Wolverine Mutual.

That being said, both companies will drop rates by the time drivers turn 25. For example, average premiums for Meemic policyholders reduce nearly 40% and Wolverine Mutual's prices decrease almost 35% 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 most affordable rates you'll ever see.

But who has the best premiums for retired drivers between Meemic and Wolverine Mutual? Wolverine Mutual gets the edge, with prices for drivers 65 and older over 55% cheaper than the national average for Meemic.

Which is the Best Company for Married Drivers?

Did you know that auto insurance rates are usually more affordable for married policyholders than they are for single policyholders? That's because policies for married couples typically cover more than one vehicle, which several carriers will give you a discount for.

For single drivers, the difference in average prices between these two companies is significant, with Wolverine Mutual premiums coming in at about 15% less than Meemic's. The advantage for married drivers with Wolverine Mutual is also obvious, where drivers save around $70 per month.

Meemic or Wolverine Mutual: Average Rates by Gender

Because women are less likely to get tickets and get into accidents, they run a lower risk of filing a claim with insurance. So, insurance carriers will tend to offer women more affordable rates.

Men and women end up paying the same monthly prices with Meemic; women and men end up paying same monthly premiums with Wolverine Mutual.

Looking at the data for each carrier specifically, Wolverine Mutual comes out as the lowest option for both genders, with average rates $57 less for men and $57 cheaper for women.

Meemic vs. Wolverine 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, insurance isn't the easiest topic to understand. Everyone needs auto insurance, but there are so many different terms and coverages that it can be hard to find the right policy for you.

Even so, most policies end up falling into two different types of coverage -- liability coverage (which covers the other party's injuries and property damage if you cause an accident) and full coverage (which includes two additional coverages -- collision and comprehensive -- alongside liability coverage).

Looking specifically at state minimum liability limits, Wolverine Mutual has the significant edge, with average monthly prices coming in at $114. If you want a full coverage policy with the same state minimum limits, Wolverine Mutual again has the edge, with policies averaging about $335 a month to Meemic's $361.

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

You've probably seen plenty of commercials from car insurance companies offering great rates 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 at-fault collisions and speeding tickets lead to higher premiums, but which company -- Meemic or Wolverine Mutual -- has the cheapest prices for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Meemic for their auto insurance can generally expect their monthly bill to go up around 36% after getting a speeding ticket. Wolverine Mutual policyholders can expect a less drastic increase of about 17%.

However, Wolverine Mutual is normally the less expensive option for both drivers who have clean records and those with a recent ticket. With Wolverine Mutual, drivers with a clean record can save around $30 per month and drivers with a speeding ticket can save about $101 a month.

Which Company is Best for Drivers After an Accident?

Meemic drivers who get in a collision can expect to see their rates climb by just under 30%, while those who have insurance through Wolverine Mutual will see around a 20% increase.

At the end of the day, the cheaper premiums come from Wolverine Mutual, with average rates coming in at $188 compared to Meemic Insurance Company's $250.

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 ticket or even an accident. Meemic drivers usually see a 58% climb in their insurance premiums after a DUI charge, while Wolverine Mutual will typically increase prices by about 62%.

But if you end up with a DUI charge and are looking for more affordable rates, Wolverine Mutual tends to be more affordable for the average driver, with monthly premiums coming in at around $389 to Meemic's $421.

How does Credit Score Impact Meemic and Wolverine Mutual Rates?

Did you know many car insurance carriers take your credit score into account when determining premiums? This isn't true for everyone (California, for example, has banned the use of credit score as a car insurance factor) but it will come into play for many policyholders.

Auto insurance companies argue that those with good credit scores are more likely to pay their bills on time every month, which decreases the risk involved on their end, while the opposite is true for those with bad credit.

So, which carrier offers the most affordable prices for drivers with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

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

Did you know that the amount of time you spend in your car have a pretty big impact on your monthly premiums? That's because the more milage you put on your car, the more likely you are to be in a collision and file an insurance claim.

In this case, neither Meemic or Wolverine Mutual report increasing prices for drivers with higher annual mileage figures. That being said, Wolverine Mutual 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 $224 per month for both.

Meemic or Wolverine Mutual: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can play a big role in how much you pay for insurance. Usually, those who live in rural areas will pay less than policyholders in urban areas because of the small number of cars that are on the roads where they live.

When comparing these two carriers side-by-side, Wolverine Mutual boasts the lowest average prices in rural and suburban areas, while Meemic wins in urban areas.

In urban areas, Meemic's average rates are about $322 a month compared to Wolverine Mutual's $344. People in suburban areas pay around $192 with Wolverine Mutual compared to Meemic's $273 a month. Those in rural areas can expect to pay about $137 monthly with Wolverine Mutual compared to Meemic's $248.

Meemic vs. Wolverine Mutual Discounts

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

But where do you even start? With so many discounts out there, it may seem difficult to find all the of the ones you qualify for.

Luckily, we did the hard work for you and broke down all of the different discounts offered by both Meemic and Wolverine Mutual so that you can easily see which company offers the most discounts and see which ones you might be able to take advantage of.

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

Both companies offer several of the same discounts -- like discounts for being a good student and multi-policy discounts -- but Wolverine Mutual also offers discounts for ABS, distant student, good driving, and more.

On the other hand, Meemic has a few proprietary discounts of their own for things like anti-theft discounts, defensive driver discounts, employee discounts, and more.

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

So, we've broken down the average premiums for many of the factors insurance carriers look at, and we've shown you all the discounts each company offers. That's all well and good, but at the end of the day, which insurance carrier is the best one for you and your specific driver profile?

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

• Your driving record includes a DUI charge.
• You're looking for the best prices on liability only coverage.
• Your home is located in the suburbs.

Meemic might be best for you if...

• Your home is in a busy urban area.
• You want to save money while purchasing auto insurance for a teenager.

Hopefully, this guide helps you get a good idea of the differences between Meemic and Wolverine Mutual. We also hope we've given you the information you need to make the best decision when it comes to your car 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 insurance -- comparing quotes from several companies, not just Meemic and Wolverine Mutual. Luckily, Compare.com does all the hard work for you. Simply enter your ZIP codes below and get multiple quotes from some of the best auto insurance carriers in your area, all for free.

Meemic vs. Wolverine Mutual FAQs

Is Meemic or Wolverine Mutual cheaper?

Wolverine Mutual is the less expensive of the two companies when looking at national average premiums, with policies averaging $224 per month with Wolverine Mutual and $281 for Meemic. That being said, that doesn't mean Wolverine Mutual will be the most affordable company for each policyholder, since there are multiple different variables (things like driving record, age, gender, etc.) that play a role in how much you pay.

Who is better, Meemic or Wolverine Mutual?

Unfortunately, the real answer is "it depends.". No single carrier is "better" for every policyholder -- it all comes down to what your unique car insurance profile looks like.

Why do Meemic and Wolverine Mutual offer me different rates?

Insurance carriers use a lot of different factors when calculating the rates they charge. Things like gender, age, where you call home, your driving record, and sometimes even things like your credit score can all be used. Both Meemic and Wolverine Mutual calculate premiums using different formulas, so it's likely they'll offer different prices. The best way to determine which company is the cheapest for you is by comparing personalized quotes from a variety of different companies.

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

The only way to find the car insurance carrier that's right for you is by getting quotes from multiple 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 ZIP code and you'll get quotes from dozens of your local top auto insurance companies for free. That way, you can guarantee you're getting the lowest rate. And maybe you'll find that the best company for you isn't Meemic or Wolverine 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.