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

Quick Facts

• In general, MMG offers significantly cheaper premiums than Vermont Mutual
• MMG offers more affordable prices for policyholders who have a clean record
• Vermont Mutual may help you save more money -- they offer more discounts than MMG Insurance

MMG or Vermont Mutual: Which Company has the Cheapest Car Insurance?

So, you're considering switching to a new insurance policy. After all, you've seen ads from all sorts of companies offering huge savings. But exactly how much can you save by switching?

You've maybe even narrowed it down to MMG or Vermont Mutual for your next policy, but which company has more affordable rates for auto insurance?

Looking at the national average rates for both carriers, Vermont Mutual has average rates that are around 30% a month more expensive than those from MMG.

That being said, that doesn't mean MMG will necessarily be cheaper than Vermont Mutual for every single driver. Insurance companies vary their prices depending on things like how clean your driving record is, how old you are, where you live, how good your credit score is, and all sorts of other factors. So, at the end of the day, premiums from every company will differ quite a bit from person to person.

So, if you want to find out which of MMG or Vermont Mutual is really the best for you, keep reading to see average rates for each carrier broken down by many different rate factors.

MMG vs. Vermont Mutual: Average Car Insurance Rates by State

MMG and Vermont Mutual only compete against each other in two states, with MMG offering more affordable premiums to the average driver in all of them. Maine has the most noticable difference, where MMG prices are $74 less expensive than car insurance rates at Vermont Mutual.

There are plenty of other factors that go into your insurance cost than just where you live. Keep reading to find out more.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive auto insurance prices of any other group of drivers out there on the road. Generally, that's because teen drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

Even so, that doesn't mean teen drivers can't still save money on their car insurance. Just look at the table above -- where 18-year-old drivers who have MMG for their auto insurance pay almost 25% less than those who use Vermont Mutual.

But both carriers will offer you dramatically lower premiums once you turn 25. Vermont Mutual offers the steepest drop, with 25-year-olds paying less than half what 18-year-old drivers are charged. That being said, MMG still has the cheapest prices at $123 per month.

Which is the Best Company for Retired Drivers?

When it comes to insurance, patience and experience pay off, with drivers around retirement age paying some of the most affordable premiums you can find.

But who has the best rates for retired drivers between MMG and Vermont Mutual? MMG gets the edge here, with average premiums coming in at about $83 monthly compared to Vermont Mutual's $131.

Which is the Best Company for Married Drivers?

You may not be aware, but car insurance rates tend to be more expensive for single policyholders than they are for married drivers. This usually boils down to married policyholders having multiple vehicles on their policy -- something a lot of insurance companies will reward with discounts.

For single drivers, the difference in average prices between these two carriers is significant, with MMG rates coming in at a third less than Vermont Mutual's. The advantage for married couples with MMG is also obvious, where drivers save around $45 per month.

MMG or Vermont Mutual: Average Rates by Gender

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

Men usually pay over $15 a month more than women with MMG, and about $15 with Vermont Mutual.

Looking at overall affordability, MMG comes out on top for both men and women, with average premiums $53 less for men and $56 cheaper for women.

MMG vs. Vermont 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 insurance can be a complicated subject for most people. There are so many different limits and coverages that it can make it pretty confusing to find the right policy for you.

However, 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 a collision) and full coverage (which typically refers to having collision and comprehensive coverages alongside liability).

Looking specifically at state minimum liability limits, MMG has the slight 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 around $160 per month to Vermont Mutual's $261.

Is MMG or Vermont Mutual Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their auto insurance. But that's not to say you can't save money if you don't have the best driving record, either.

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

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use MMG for their car insurance can usually expect their monthly bill to go up about 19% after getting a speeding ticket. Vermont Mutual policyholders can expect a less drastic increase of around 6%.

But MMG has cheaper prices for drivers in both categories, offering premiums that are $27 and $13 less expensive, respectively, compared to Vermont Mutual.

Which Company is Best for Drivers After an Accident?

Both carriers will raise prices pretty significantly if you get into an at-fault collision with MMG climbing by about 26%. Vermont Mutual has a less extreme climb, but you can still expect to pay nearly 20% more than you were prior to your first accident.

At the end of the day, MMG offers the most affordable rates for drivers with an at-fault collision on their records, with average premiums coming in at $122 compared to Vermont Mutual's $144.

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 an accident or ticket. On average, Vermont Mutual will raise your rates around 62% after a DUI, while MMG's average premiums increase by more than 40%.

But if you end up with a DUI charge and are looking for more affordable prices, MMG tends to be more affordable for the average driver, with monthly premiums coming in at about $151 to Vermont Mutual's $307.

How does Credit Score Impact MMG and Vermont Mutual Rates?

You may not have known, but your credit score can be used as one of the variables to determine your monthly car insurance rates. This isn't true for everyone (California, for example, has banned the use of credit score as a car insurance factor) but it might come into play for lots of drivers.

The reasoning insurance companies use is that policyholders with bad credit will be less likely to pay their bills on time; so normally, they'll be asked to pay more, while those with good credit will be rewarded with cheaper prices.

Looking at MMG and Vermont Mutual specifically, which one has the best premiums for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

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

How much you drive can have a pretty big impact on your monthly car insurance payment. Typically, the more milage you drive, the more you can expect to pay for coverage.

In this case, neither MMG or Vermont Mutual report increasing rates for drivers with higher annual mileage figures. Still, MMG comes out as the lowest for drivers at both intervals, whether they put 6,000 or 12,000 miles on their car each year, with average premiums of $118 a month for both.

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

Where your home is can have a substantial impact on your monthly auto insurance bill. Generally, if you live in a rural area with fewer cars on the road, you'll pay a little less for insurance, while the opposite is true for people in urban areas.

MMG tends to offer the cheapest prices for drivers in every type of area, no matter if it's urban, suburban, or rural.

Those in rural areas can expect to save around $48 with MMG compared to Vermont Mutual. People who live in suburban areas pay about $38 less with MMG compared to Vermont Mutual. For policyholders in urban ZIP codes, MMG Insurance's average rates are around $79 less than Vermont Mutual.

MMG vs. Vermont 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 what seems like a million different discounts out there, it may be challenging to find all the ones you're eligible for.

Luckily, we did the hard work for you and compared all of the different discounts offered by MMG and Vermont Mutual so that you can easily see which company offers the most discounts and, therefore, the largest savings.

Vermont Mutual knocks MMG out of the park when it comes to the sheer number of discounts available, offering 14 different discounts to MMG's 14.

There are a couple discounts both carriers offer, but Vermont Mutual also offers discounts for ABS, advance quote, annual mileage, and more.

On the other hand, MMG has a few proprietary discounts of their own for things like defensive driver discounts, ez-pay credit discounts, and new business discounts.

Final Thoughts: Is MMG or Vermont Mutual Best for You?

So, we've broken down the average prices for many of the factors insurance companies look at, and walked through the different discounts each company offers, too. But, at the end of the day, which carrier is the best company for you, your vehicle, and your wallet?

MMG might be best for you if....

• You have a clean driving record, free of collisions, tickets, or DUIs.
• You want the most robust protection via a "full coverage" policy.
• You are purchasing your auto insurance with a spouse.

Vermont Mutual might be best for you if...

• You're looking for the company with the most discounts.

Hopefully, this guide helps you get a good idea of the differences between MMG and Vermont Mutual. We also hope we've given you the information you need to make the best decision about your insurance.

At the end of the day, the best way to make sure you're getting the best deal on your car insurance policy is to compare quotes from multiple carriers, not just MMG and Vermont Mutual. Luckily, Compare.com makes it easy for you to do just that. Just enter your ZIP code below and get free quotes from dozens of top auto insurance companies in your area, all in just a few minutes.

MMG vs. Vermont Mutual FAQs

Is MMG or Vermont Mutual cheaper?

MMG is the more affordable of the two carriers when looking at national average premiums, with policies averaging $118 per month with MMG and $173 for Vermont Mutual. Even so, that doesn't mean MMG will be the lowest carrier for everyone, since there are a range of different variables (things like gender, age, driving record, etc.) that play a role in how much you pay.

Who is better, MMG or Vermont Mutual?

Unfortunately, the real answer is "it depends.". One company is not "better" for everyone -- it all depends on the makeup of your unique car insurance profile.

Why do MMG and Vermont Mutual offer me different rates?

Auto insurance companies use quite a few different factors when determining the prices they charge. Variables such as where you call home, where you live, age, gender, and sometimes even things like your credit score can all come into play. Both MMG and Vermont Mutual use different formulas, so it's likely they'll offer different premiums. The best way to determine which carrier is the cheapest for you is by comparing personalized quotes from a bunch of different carriers.

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

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