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

Quick Facts

• Looking at the national averages for car insurance, Oregon Mutual offers significantly more affordable premiums than Metlife
• Metlife may help you save more money -- they offer more discounts than Oregon Mutual
• Oregon Mutual offers cheaper average prices for policyholders whose driving record contains an at-fault collision

Metlife or Oregon Mutual: 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 Metlife or Oregon Mutual as potential options, but which company will save you the most?

As you can see, Oregon Mutual has average rates that are around 60% a month less expensive than those from Metlife when looking at the national average rates for insurance.

Even so, that doesn't mean Oregon Mutual will necessarily be cheaper than Metlife for each driver. Car insurance carriers use all sorts of complex algorithms to determine premiums, so depending on how clean your driving record is or how good your credit score is (among a whole range of other factors), you could see wildly different prices from the ones above.

Luckily, we've broken down average rates from both Metlife and Oregon Mutual by a bunch of different rate factors, so read on to find out which company is the best for you.

Metlife vs. Oregon Mutual: Average Car Insurance Rates by State

Metlife and Oregon Mutual only compete against each other in three states, with Oregon Mutual offering less expensive premiums to the average driver in all of them. Washington has the most noticable difference, where Oregon Mutual rates are $215 more affordable than insurance prices at Metlife.

That being said, there are plenty of other factors that go into your auto insurance bill than just where you call home. Read on to find out more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive car insurance rates of any other group of drivers. That's generally because teen drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

But still, even with seemingly sky-high prices, teen drivers can still find ways to save money. For example, 18-year-old drivers pay an average of over 65% less per month by choosing Oregon Mutual over Metlife. It's worth noting that Metlife offers auto insurance in 44 different states compared to Oregon Mutual's three, which can skew the average premiums a bit, but the difference here is still considerable.

That being said, both companies will offer you dramatically lower rates by the time you turn 25. For example, average premiums for Metlife policyholders drop more than 70% and Oregon Mutual's prices lower almost 70% over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age typically enjoy some of the lowest insurance premiums you'll ever find. After all, they've likely been driving for quite some time, which usually lowers their chances of collisions and other infractions that can raise prices.

When looking at Metlife and Oregon Mutual specifically, which carrier is best for retired drivers? Oregon Mutual gets the edge here, with average rates coming in at about $100 per month compared to Metlife's $205.

Which is the Best Company for Married Drivers?

Married couples tend to get slightly cheaper auto insurance premiums than those who are single. This usually boils down to married drivers having more than one vehicle on their policy -- something several insurance carriers will reward with discounts.

For single policyholders, the difference in average prices between these two companies is significant, with Oregon Mutual rates coming in at around a third of Metlife's. The advantage for married policyholders with Oregon Mutual is also obvious, where drivers save about $100 a month.

Metlife or Oregon Mutual: Average Rates by Gender

Men are statistically more likely than women to get into accidents and file an insurance claim. That means when it comes to car insurance men will normally end up paying a little more.

Women generally pay around $30 per month less than men with Metlife, but with Oregon Mutual, the difference is closer to $12 a month.

Looking at the data for each company specifically, Oregon Mutual offers the most affordable average premiums for both men and women. On average, male drivers save about $213 per month and women save about $197 with Oregon Mutual compared to the average Metlife policyholder.

Metlife vs. Oregon 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.

It's no secret that auto insurance can be a complicated subject for most people. There are so many different coverages and terms that it can make it pretty confusing to find the right policy for you.

But the most common policies that drivers look at fall into two categories -- liability coverage (which provides property damage and bodily injury coverage for other drivers and passengers if you cause a collision) and full coverage (which normally refers to having collision and comprehensive coverages in addition to what you get with a liability policy).

Looking specifically at state minimum liability insurance, Oregon Mutual has the significant edge, with average monthly rates coming in at $97. If you want a full coverage policy with the same state minimum limits, Oregon Mutual again has the edge, with policies averaging around $172 a month to Metlife's $466.

Is Metlife or Oregon Mutual Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from insurance carriers offering great prices 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 rates, but which carrier -- Metlife or Oregon Mutual -- has the cheapest premiums for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Metlife for their car insurance can usually expect their monthly bill to go up about 21% after getting a speeding ticket. Oregon Mutual policyholders can expect a less drastic increase of around 9%.

However, Oregon Mutual is typically the more affordable option for drivers both with a ticket and with a clean record. With Oregon Mutual, drivers with a clean record can save about $109 per month and drivers with a speeding ticket can save around $157 a month.

Which Company is Best for Drivers After an Accident?

Both companies will increase prices pretty significantly if you get into an at-fault accident with Metlife increasing by about 40%. Oregon Mutual has a less extreme increase, but you can still expect to pay more than 15% more than you were prior to your first collision.

At the end of the day, the less expensive rates come from Oregon Mutual, with average premiums coming in at $133 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 auto insurance bill. Metlife drivers usually see a 55% raise in their car insurance prices after a DUI charge, while Oregon Mutual will generally climb rates by around 35%.

Oregon Mutual has the overall lowest prices for drivers with a DUI on their records at $171 a month, but it's worth noting that Metlife's average rates come from 44 states compared to just three for Oregon Mutual, so the data may be skewed slightly.

How does Credit Score Impact Metlife and Oregon Mutual Rates?

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

Car insurance carriers 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 best rates for drivers with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

If you have great credit, Oregon Mutual will normally reward you the most. For policyholders with "excellent" credit scores, Oregon Mutual comes in nearly 47.75 more affordable. Drivers with "good" credit scores typically save about 56% with Oregon Mutual compared to average premiums from Metlife.

Which Company is Best for Drivers with Bad Credit?

Oregon Mutual typically offers lower prices than Metlife when it comes to drivers with less-than-stellar credit. Drivers with "fair" credit pay around 62% per month less with Oregon Mutual compared to Metlife, and those with "poor" scores usually save an average of about 68% monthly.

Is Metlife or Oregon Mutual Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a considerable impact on how much auto insurance companies will charge for coverage. Normally, the more milage you put on your car each year, the more you can expect to pay for coverage.

Oregon Mutual tends to be the less expensive option for both remote workers and those taking short commutes. Metlife's average premiums for drivers with 6,000 annual miles come in over 60% more expensive than Oregon Mutual. Those who drive 12,000 miles every year can expect to pay just under 60% more with Metlife over Oregon Mutual.

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

Where you live can play a large role in how much you pay for insurance. Generally, drivers who live in less densely populated rural areas will pay quite a bit less than urban policyholders due to the small number of vehicles that are on the roads where they live.

Oregon Mutual boasts the cheapest average rates for drivers in every type of area, no matter if it's urban, suburban, or rural.

Those in rural areas can expect to pay around $115 a month with Oregon Mutual and $299 with Metlife. People in suburban areas pay a monthly rate of about $138 with Oregon Mutual compared to $333 with Metlife. For drivers in urban ZIP codes, Oregon Mutual's average premiums are around $151 a month compared to Metlife's $389.

Metlife vs. Oregon 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 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 Metlife and Oregon Mutual so that you can easily see which company offers the most discounts and, therefore, the largest savings.

Metlife knocks Oregon Mutual out of the park when it comes to the sheer number of discounts available, offering 21 more discounts than Oregon Mutual.

Both carriers offer quite a few of the same discounts -- like discounts for being a defensive driver, employee discounts, discounts for being a good student, and discounts for insuring multiple cars with the same company -- but Metlife also offers discounts for AAA, ABS, academic, and more.

On the other hand, Oregon Mutual has a few proprietary discounts of their own for things like advance quote discounts, csl discounts, driver training discounts, and more.

Final Thoughts: Is Metlife or Oregon Mutual Best for You?

You've seen the role certain factors have on your auto insurance and the different discounts companies offer. But, when it comes down to it, which company is the best one for you and your specific profile and needs?

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

• You have an at-fault collision on your record.
• You live in an urban area.
• You are purchasing your insurance with a spouse.

Metlife might be best for you if...

• You're thinking about moving to another state -- Oregon Mutual is only available in three states.
• You care about discounts (Metlife offers the most).

Hopefully, this guide helps you get a better idea of the difference between Metlife and Oregon Mutual. 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 several carriers, not just Metlife and Oregon Mutual. Luckily, Compare.com makes it easy for you to do just that. Just enter your ZIP code below and get multiple free quotes from some of the best auto insurance companies in your area, all in just a few minutes.

Metlife vs. Oregon Mutual FAQs

Is Metlife or Oregon Mutual cheaper?

Oregon Mutual is the cheaper of the two carriers when looking at national average rates, with policies averaging $135 per month with Oregon Mutual and $340 for Metlife. Even so, that doesn't mean Oregon Mutual will be the lowest carrier for everyone, since there are a range of different variables that are considered when it comes to your car insurance payment.

Who is better, Metlife or Oregon Mutual?

Sadly, the real answer is "it depends.". No single company is necessarily "better" for everyone -- it all comes down to what your unique auto insurance profile looks like.

Why do Metlife and Oregon Mutual offer me different rates?

Insurance companies use quite a few different factors when determining the prices they charge. Variables like your driving record, gender, age, where you park your car, and sometimes even things like your credit score can all be taken into consideration. Both Metlife and Oregon Mutual use different formulas, so it's likely they'll offer different rates. The best way to determine which carrier is the cheapest for you is by comparing personalized quotes from many different carriers.

How do I know if Metlife or Oregon Mutual is right for me?

The only way to find the auto insurance company that's right for you is by getting quotes from multiple companies and finding the one best suited for your individual budget. Luckily, Compare.com does all the hard work for you. Just enter your information once and you'll get quotes from dozens of your local top insurance carriers for free. That way, you can guarantee you're getting the best price. And maybe you'll find that the best carrier for you isn't Metlife or Oregon 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.