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

Quick Facts

• Looking at the national averages for insurance, MMG offers significantly more affordable prices than Nationwide
• MMG tends to be a much less expensive option for residents of suburban areas
• Nationwide offers more discounts than MMG Insurance

MMG vs. Nationwide: Which Company has the Cheapest Car Insurance?

So, you're considering switching your auto insurance. You've probably seen commercials and billboards from companies offering big discounts, but exactly how much money can you save by switching?

You've maybe even narrowed it down to MMG or Nationwide as your top options, but which carrier has cheaper premiums for auto insurance?

Looking at nationwide averages, Nationwide has average rates that are about 30% per month more expensive than those from MMG.

That being said, that doesn't mean MMG will necessarily be more affordable than Nationwide for each driver. Car insurance companies vary their rates depending on things like how old you are, where you live, how good your credit score is, how clean your driving record is, and tons of other factors, so prices will change quite a bit from person to person.

So, if you want to find out which of MMG or Nationwide is really the best for you, keep reading to see average premiums for each carrier broken down by a range of different rate factors.

MMG or Nationwide: Average Car Insurance Rates by State

MMG and Nationwide only compete against each other in one states, with MMG offering cheaper rates to the average driver in all of them. New Hampshire has the most noticable difference, where MMG premiums are over 20% less expensive than auto insurance prices at Nationwide.

That being said, there's a lot more that goes into your insurance payment than just the state you live in. Continue reading to see how other factors will affect your rates.

Which is the Best Company For Young Drivers?

You might already know that teen drivers typically pay a lot more for auto insurance than any group out there on the road. That's because young, inexperienced 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 premiums, teen drivers can still find ways to save money. Just look at the table above -- where 18-year-old drivers who have MMG for their insurance pay nearly $150 less than those who use Nationwide.

But with both carriers, you'll see your prices reduce significantly once you turn 25. For example, average rates for MMG policyholders lower almost $150 and Nationwide's premiums drop around $250 over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age usually enjoy some of the lowest car insurance rates you'll ever see. After all, they've likely been driving for quite some time, which normally decreases their chances of accidents and other infractions that can increase prices.

When looking at MMG and Nationwide specifically, which company is best for retired drivers? MMG gets the edge, with rates for drivers 65 and older $42 more affordable than the national average for Nationwide.

Which is the Best Company for Married Drivers?

You may not be aware, but auto insurance prices tend to be cheaper for married couples than they are for single drivers. This usually boils down to married drivers having more than one car on their policy -- something several car insurance companies will reward with discounts.

When it comes to relationship status, MMG is the clear winner for single policyholders, with premiums about $63 a month less expensive than Nationwide, on average. The advantage is also clear for married policyholders - MMG offers the most affordable average rates.

MMG vs. Nationwide: Average Rates by Gender

You may not know, but men generally pay more for insurance than women do. This is because men are more likely to get into accidents and get tickets, which increases the chances of an insurance claim.

Generally, women see prices more than $15 per month cheaper with MMG, and around $12 less with Nationwide.

When it comes to the cheapest premiums for each gender, MMG comes out on top for both men and women. On average, women save about $54 a month and men save about $49 with MMG compared to the average Nationwide policyholder.

MMG or Nationwide: 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.

Car insurance can be a complicated subject for most people. There are multiple different coverages that account for several different things. Some protect you and your vehicle, while others only provide coverage for other people's property and health if you cause an accident.

However, most policies end up falling into two different types of coverage -- liability only (which provides bodily injury and property damage coverage for other drivers and passengers if you cause a collision) and full coverage (which typically refers to having comprehensive and collision coverages alongside what you get with a liability policy).

If you're looking for state minimum liability insurance, MMG normally offers significantly less expensive rates of $77 compared to Nationwide's $112. When it comes to full coverage policies with similar limits, MMG again has the edge, with policies around $70 per month more affordable than Nationwide, on average.

Is MMG or Nationwide Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from 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.

You'll probably end up paying more with at-fault collisions and tickets on your record, but which of these two companies offers the lowest prices to drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

MMG policyholders can expect their premiums to go up an average of $21 a month if they get a ticket, while Nationwide usually raises prices about $24 per month, on average.

Even so, MMG tends to offer the best prices for both drivers who have clean records and those with a recent speeding ticket, offering rates that are $35 and $38 cheaper, respectively, compared to Nationwide.

Which Company is Best for Drivers After an Accident?

MMG drivers who get in an accident can expect to see their premiums rise by over 25%, while those who have insurance through Nationwide will see around a 30% increase.

Overall, the less expensive rates come from MMG, with monthly prices averaging $122 compared to Nationwide's $178.

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 -- generally a lot more than a collision or ticket. Nationwide drivers usually see a 46% increase in their car insurance premiums after a DUI charge, while MMG will usually climb rates by about 40%.

How does Credit Score Impact MMG and Nationwide Rates?

In many cases, your credit score can be used as one of the variables to calculate your monthly insurance prices. Certain states and carriers do not allow for credit score to be used as a rating factor, but it might come into play for many policyholders.

The reasoning auto insurance companies use is that drivers with good credit will be more likely to pay their bills on time; so they'll reward them with cheaper rates, while those with poor credit will typically be forced to pay more.

So, which carrier offers the best prices for policyholders with poor, average, or good credit?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is MMG or Nationwide Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a large impact on how much car insurance carriers will charge for coverage. Generally, those who drive less will end up with more affordable premiums since there's less of a chance of getting into an accident and causing 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 rates for Nationwide, with policyholders who drive 6,000 miles annually paying around $1 less each month compared to those who drive 12,000 miles yearly. Still, MMG is the cheaper option for drivers in both categories.

MMG vs. Nationwide: Compare Rates for Urban, Suburban, and Rural Drivers

Where you park your vehicle can have a sizable impact on your monthly auto insurance bill. Normally, drivers who live in heavily-populated urban areas will pay quite a bit more than rural policyholders because there are a lot more cars on the roads in those areas.

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

Drivers in rural ZIP codes see the most affordable premiums from both companies, but MMG comes out on top with average rates about $104 per month. MMG also has more affordable average premiums for policyholders in urban and suburban ZIP codes -- a $79 and $28 a month respective difference when compared to Nationwide drivers in similar areas.

MMG vs. Nationwide Discounts

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

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

Below, we've taken a look at all of the different discounts MMG and Nationwide offer their customers so that you can find the one that has the most discounts and, therefore, the biggest savings.

Nationwide blows MMG away when it comes to the sheer amount of discounts available, offering 22 different discounts to MMG's seven.

Both carriers offer many of the same discounts -- like discounts for being a defensive driver, discounts for being a good student, and multi-policy discounts -- but Nationwide also offers advance quote discounts, agency transfer discounts, anti-theft discounts, and more that MMG does not.

On the flip side, MMG has a couple unique discounts of its own -- ez-pay credit discounts, new business discounts, and renewal discounts.

Final Thoughts: Is MMG or Nationwide Best for You?

So, we've broken down the average prices for many of the factors auto insurance companies look at, and we've shown you all the discounts each carrier offers. That's all well and good, but when it comes down to it, which company is the right company for you, your vehicle, and your wallet?

MMG might be best for you if....

• You have received a ticket within the last few years.
• You've started working from home and don't have much of a commute.

Nationwide might be best for you if...

• You value the experience that comes with a large national insurance carrier.
• You want to save extra money with discounts.

We hope this guide helps you get a good idea of the differences between MMG and Nationwide. 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 auto insurance policy is to compare quotes from multiple carriers, not just MMG and Nationwide. Luckily, Compare.com makes it easy for you to do just that. Simply enter your ZIP code below and get free quotes from dozens of the top car insurance companies in your area, all in just a few minutes.

MMG vs. Nationwide FAQs

Is MMG or Nationwide cheaper?

Looking just at the national average premiums, MMG is the less expensive of the two carriers, offering average rates of $118 per month compared to $170 for Nationwide. That being said, MMG won't necessarily be the cheapest company for everyone, since there are many different variables that come into play when it comes to your insurance cost.

Who is better, MMG or Nationwide?

Sadly, the only answer we can give you is "it depends.". One carrier is not "better" for every driver -- it all depends on the makeup of your unique auto insurance profile.

Why do MMG and Nationwide offer me different rates?

Car insurance companies take a look at quite a few different factors when calculating the prices they charge policyholders. Variables such as age, where you call home, your driving record, gender, and sometimes even things like your credit score can all come into play. Both MMG and Nationwide calculate rates differently, so each one will most likely offer different premiums. The only real way to see which company is the most affordable for you is by comparing personalized quotes from a variety of different carriers.

How do I know if MMG or Nationwide is right for me?

The only way to find the insurance carrier 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 make it easy for you to do just that. Just enter your ZIP code and you'll get free quotes from dozens of the best car insurance carriers in your area. That way, you can guarantee you're getting the best rate. And who knows, the best company for you might not be MMG or Nationwide 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.