MetLife vs. MMG: Which Company is the Best Fit for You?

Quick Facts

• Looking at the national averages for car insurance, MMG offers significantly more affordable premiums than MetLife
• MetLife may help you save more money -- they offer more discounts than MMG Insurance
• MMG has less expensive rates in ME and NH

MetLife or MMG: Which Company has the Cheapest Car Insurance?

Are you considering 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 have narrowed your search down to MetLife or MMG, but between the two, which one will save you the most?

As you can see, MMG has average rates that are around 65% a month cheaper than those from MetLife when looking at the national average rates for insurance.

That being said, MMG may not be the lowest or best option for every driver out there. Auto insurance carriers use tons of complex algorithms to determine premiums, so depending on how clean your driving record is or how good your credit score is (among a multitude of other factors), you could see wildly different rates from the ones above.

Wanting to know if MetLife or MMG is really the right company for you? Keep on reading to see how average prices can change based on all of the factors we've mentioned above.

MetLife vs. MMG: Average Car Insurance Rates by State

MetLife and MMG only compete against each other in two states, with MMG offering more affordable premiums to the average driver in all of them. New Hampshire has the most noticable difference, where MMG prices are $130 cheaper than car insurance rates at MetLife.

There are plenty of other factors that go into your auto insurance payment than just your home state. Continue reading to learn more about how other variables will affect your rates.

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 out there on the road. It's usually because teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

However, that doesn't mean teen drivers can't still save money on their insurance. For example, 18-year-old drivers pay an average of over 75% less per month by choosing MMG over MetLife. It's worth noting that MetLife offers auto insurance in 44 different states compared to MMG's two, which can skew the average premiums a bit, but the difference here is still considerable.

Even so, with both companies, you'll see your prices decrease significantly by the time you turn 25. For example, average rates for MetLife policyholders reduce about $500 and MMG's premiums lower around $150 over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age typically enjoy some of the most affordable insurance rates you'll ever see. After all, they've likely been driving for quite some time, which normally decreases their chances of collisions and other infractions that can raise prices.

But who has the best premiums for retired drivers between MetLife and MMG? MMG gets the edge here, with average rates coming in at about $83 a month compared to MetLife's $205.

Which is the Best Company for Married Drivers?

You may not be aware, but car insurance prices tend to be less expensive for married couples than they are for those who are single. That's because policies for married drivers typically cover several vehicles, which many carriers will give you a discount for.

For single drivers, the difference in average rates between these two companies is significant, with MMG premiums coming in at around a third of MetLife's. For married policyholders, the advantage is clear again - MMG has the edge when it comes to average prices.

MetLife or MMG: Average Rates by Gender

Did you know men tend to pay more for auto insurance than women? That's because women are less likely to get into accidents and get tickets, which lowers the chances of filing a claim with insurance.

Women usually pay almost $30 a month less than men with MetLife, and more than $15 with MMG.

Looking at the data for each carrier specifically, MMG offers the cheapest average rates for both men and women, with average premiums $227 less for men and $216 cheaper for women.

MetLife vs. MMG: 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 insurance can be a complicated subject for most people. There are a bunch of different coverages that account for many different things. Some protect you and your car, while others only provide coverage for other people's property and health if you cause a collision.

But most policies end up falling into two different types of coverage -- liability coverage (which covers the other party's property damage and injuries if you cause an accident) and full coverage (which normally refers to having collision and comprehensive coverages in addition to liability).

Looking specifically at state minimum liability insurance, MMG has the significant edge, with average monthly prices coming in at $77. If you want a full coverage policy with the same state minimum limits, MMG again has the edge, with policies averaging about $160 per month to MetLife's $466.

Is MetLife or MMG Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from car 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.

It's no secret secret that at-fault accidents and speeding tickets lead to higher prices, but which company -- MetLife or MMG -- has the most affordable rates for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use MetLife for their auto insurance can generally expect their monthly bill to go up around 21% after getting a speeding ticket. MMG policyholders can expect a less drastic increase of about 19%.

Even so, MMG has more affordable premiums for drivers in both categories, offering prices that are 59% and 60% cheaper, respectively, compared to MetLife.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their car insurance through MetLife can expect to see around an $148 -- or about 40% -- rise in their insurance rates. Drivers who use MMG for their auto insurance will see a monthly bill around $32 (or 26%) more expensive after reporting a collision to their car insurance carrier.

At the end of the day, MMG offers the lowest prices for drivers with an at-fault collision on their records, with average premiums coming in at $122 compared to MetLife's $368.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single accident or ticket when it comes to your insurance bill. For example, MetLife increases average rates by more than $250 a month -- that's more than a 55% increase.

MMG has the overall cheapest premiums for drivers with a DUI on their records at $151 monthly, but it's worth noting that MetLife's average rates come from 44 states compared to just two for MMG, so the data may be skewed slightly.

How does Credit Score Impact MetLife and MMG Rates?

You may not have known, but your credit score can be used as one of the factors to calculate your monthly car insurance rates. This isn't true for everyone (for example, Michigan and Hawaii are two states that ban the practice entirely), but it does affect lots of drivers out there.

Auto insurance companies argue that someone with bad credit is less likely to pay their bills on time, which makes them riskier to insure. Because of that, policyholders with bad credit will often be forced to pay more.

So, which company offers the lowest prices for drivers with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

If you have a solid credit score, MMG will normally reward you the most. For policyholders with "excellent" credit scores, MMG comes in over 65.77 less expensive. Drivers with "good" credit scores usually save about 66% with MMG compared to average premiums from MetLife.

Which Company is Best for Drivers with Bad Credit?

MMG typically offers lower prices than MetLife when it comes to drivers with bad credit. Drivers with "fair" credit pay around 65% per month less with MMG compared to MetLife, and those with "poor" scores typically save an average of about 65% per month.

Is MetLife or MMG 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 insurance carriers will charge for coverage. Generally, those who drive fewer miles will end up with cheaper rates 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 MMG charges. However, there's a small difference in monthly premiums for MetLife, with policyholders who drive 6,000 miles every year paying around $3 less each month compared to those who drive 12,000 miles yearly. Still, for drivers in both categories, MMG is the more affordable carrier.

MetLife or MMG: Compare Rates for Urban, Suburban, and Rural Drivers

Where your home is can play a sizable role in how much you pay for car insurance. Normally, 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.

MMG boasts the cheapest average prices for drivers in all types of areas, no matter if they're urban, suburban, or rural.

Those in rural areas can expect to pay about $104 a month with MMG compared to MetLife's $299. People in suburban areas pay a monthly premium of around $131 with MMG compared to $333 with MetLife. For drivers in urban ZIP codes, MMG's average rates are about $120 while MetLife offers premiums around $389.

MetLife vs. MMG 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.

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

Luckily, we did the hard work for you and looked at all of the different discounts MetLife and MMG offer their customers so that you can find the carrier that has the most discounts and, therefore, the largest savings.

MetLife knocks MMG out of the park when it comes to the sheer number of discounts available, offering 36 different discounts to MMG's seven.

Both companies offer several of the same discounts -- like discounts for being a defensive driver, distant student discounts, and multi-policy discounts -- but MetLife also offers discounts for AAA, ABS, academic, and more.

On the other hand, MMG has a proprietary discount of their own -- a ez-pay credit discounts.

Final Thoughts: Is MetLife or MMG Best for You?

You've seen the effect certain variables have on your auto insurance and the different discounts carriers offer. That's all well and good, but when it comes down to it, is MetLife or MMG the best fit for you?

MMG might be best for you if....

• You will be the only person on the insurance policy.
• You want the most robust protection via a "full coverage" policy.
• You're of retirement age and want to take advantage of lower rates.

MetLife might be best for you if...

• You're planning on moving to another state soon -- MMG Insurance is only available in Maine and New Hampshire.
• You're looking for the carrier with the most discounts.

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

At the end of the day, the sure-fire way to make sure you're getting the best deal on your auto insurance policy is to compare quotes from multiple companies, not just MetLife and MMG. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code below and get free quotes from dozens of top insurance carriers in your area, all in just a few minutes.

MetLife vs. MMG FAQs

Is MetLife or MMG cheaper?

MMG is the less expensive of the two companies when looking at national average prices, with policies averaging $118 a month with MMG and $340 for MetLife. But that doesn't mean MMG will be the most affordable company for every driver, since there are a range of different factors (things like age, driving record, gender, etc.) that play a role in how much you pay.

Who is better, MetLife or MMG?

Sadly, the real answer is "it depends.". Neither carrier is necessarily "better" for everyone -- it all comes down to what your unique car insurance profile looks like.

Why do MetLife and MMG offer me different rates?

Insurance carriers use quite a few different variables when determining the premiums they charge. Factors like your driving record, gender, age, where you live, and sometimes even things like your credit score can all be taken into consideration. Both MetLife and MMG calculate rates using different formulas, so it's likely they'll offer different prices. The best way to determine which company is the lowest for you is by comparing personalized quotes from multiple different companies.

How do I know if MetLife or MMG 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 ZIP code 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 most affordable rate. And maybe you'll find that the best company for you isn't MetLife or MMG 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.