Preferred Mutual vs. Quincy Mutual Group: Which Company is the Best Fit for You?

Quick Facts

• Looking at the national averages for car insurance, Quincy Mutual Group offers significantly cheaper premiums than Preferred Mutual
• Quincy Mutual Group offers more affordable rates for policyholders who live in rural neighborhoods
• Quincy Mutual Group tends to be a much more affordable option for policyholders who live in urban areas

Preferred Mutual or Quincy Mutual Group: Which Company has the Cheapest Car Insurance?

Are you considering a new insurance policy? With so many ads from all sorts of companies offering big savings, you're probably wondering exactly how much you might be able to save.

You might be considering Preferred Mutual or Quincy Mutual Group as potential options, but which one will save you the most?

Looking at the national average rates for both carriers, Quincy Mutual Group has average rates that are around 55% a month cheaper than those from Preferred Mutual.

However, Quincy Mutual Group may not be the most affordable or best option for every driver out there. After all, auto insurance companies can offer drastically different rates to every driver depending on rating factors like your age, your driving record, your credit score, or even where you call home (among other things). So, at the end of the day, premiums from each company will differ quite a bit from person to person.

Wanting to know if Preferred Mutual or Quincy Mutual Group is really the right carrier for you? Keep on reading to see how average prices can change based on all of the factors we've mentioned above.

Preferred Mutual vs. Quincy Mutual Group: Average Car Insurance Rates by State

Preferred Mutual and Quincy Mutual Group only compete against each other in one states, with Preferred Mutual offering more affordable rates to the average driver in all of them. Massachusetts has the most noticable difference, where Preferred Mutual premiums are $21 less expensive than car insurance prices at Quincy Mutual Group.

That being said, there's a lot more that goes into your auto insurance payment than just where you live. Read on to learn more.

Which is the Best Company For Young Drivers?

You might already know that teen drivers usually pay a lot more for insurance than any group out there on the road. The reason is that teen drivers are statistically much more likely to get into an accident that results in an insurance claim, making them much riskier to insure.

That being said, that doesn't mean that teen drivers have to just accept sky-high car insurance premiums. For example, 18-year-old drivers pay an average of over 55% less per month by choosing Quincy Mutual Group over Preferred Mutual.

But both carriers will reduce rates once you turn 25. Quincy Mutual Group offers the steepest decrease, with 25-year-olds paying less than half what 18-year-old drivers are charged. Preferred Mutual's average prices decrease more than 55% during that same period.

Which is the Best Company for Retired Drivers?

When it comes to auto insurance, patience and experience pay off, with drivers around retirement age paying some of the cheapest rates out there.

When looking at Preferred Mutual and Quincy Mutual Group specifically, which company is best for retired drivers? Quincy Mutual Group gets the edge here, with average prices coming in at about $168 monthly compared to Preferred Mutual's $398.

Which is the Best Company for Married Drivers?

Single policyholders tend to get offered slightly more expensive insurance premiums than married policyholders. That's typically because married couples tend to own and insure more than one vehicle, which can often earn you a discount.

For those who are single, the difference in average prices between these two companies is significant, with Quincy Mutual Group premiums coming in at around half of Preferred Mutual's. The advantage for married drivers with Quincy Mutual Group is also obvious, where drivers save over 55% a month.

Preferred Mutual or Quincy Mutual Group: Average Rates by Gender

Men are statistically more likely than women to get pulled over for speeding or get into a collision. That means when it comes to auto insurance men will normally end up paying a little more.

On average, women see rates about 3% per month less with Preferred Mutual, but with Quincy Mutual Group, the difference is closer to 5% a month.

When it comes to the lowest prices for each gender, Quincy Mutual Group comes out as the cheapest option for both genders. On average, women save about $302 per month and men save around $307 with Quincy Mutual Group compared to the average Preferred Mutual policyholder.

Preferred Mutual vs. Quincy Mutual Group: 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.

Insurance can be a complicated subject for most people. Everyone needs car insurance, but there are so many different terms and coverages that it can be hard to find the right policy for you.

The two most common policies that drivers look at fall into two categories -- liability coverage (that covers bodily injury and property damage for other drivers and their passengers if you cause an accident) and full coverage (which includes collision and comprehensive coverages that protect your own car, in addition to liability coverage).

Looking specifically at state minimum liability limits, Quincy Mutual Group has the significant edge, with average monthly premiums coming in at $145. If you want a full coverage policy with the same state minimum limits, Quincy Mutual Group again has the edge, with policies averaging about $330 a month to Preferred Mutual's $850.

Is Preferred Mutual or Quincy Mutual Group 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.

It's no secret secret that at-fault collisions and speeding tickets lead to higher rates, but which carrier -- Preferred Mutual or Quincy Mutual Group -- has the lowest prices for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Preferred Mutual for their insurance can generally expect their monthly bill to go up around 1% after getting a speeding ticket. Quincy Mutual Group policyholders can expect a bit more drastic of an increase of about 21%.

Even so, Quincy Mutual Group is usually the cheaper option for drivers both with clean records and with a ticket. With Quincy Mutual Group, drivers with a clean record can save around $215 per month and drivers with a speeding ticket can save about $173 a month.

Which Company is Best for Drivers After an Accident?

Both carriers will raise rates pretty significantly if you get into an at-fault collision with Preferred Mutual climbing by around 20%. Quincy Mutual Group has a less extreme increase, but you can still expect to pay 6% more than you were prior to your first accident.

At the end of the day, the more affordable premiums come from Quincy Mutual Group, with average rates coming in at $186 compared to Preferred Mutual's $486.

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 car insurance bill -- normally a lot more than a collision or ticket. On average, Preferred Mutual will raise your premiums about 57% after a DUI, while Quincy Mutual Group's average prices climb by nearly 55%.

But if you end up with a DUI charge and are looking for more affordable rates, Quincy Mutual Group tends to be less expensive for the average driver, with monthly premiums coming in at around $370 to Preferred Mutual's $902.

How does Credit Score Impact Preferred Mutual and Quincy Mutual Group Rates?

In many cases, your credit score can be used as one of the variables to determine your monthly insurance premiums. This isn't true for everyone (for example, Hawaii and California are two states that ban the practice entirely), but it will come into play for quite a few drivers.

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

So, which company offers the best premiums for drivers with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

If you have a solid credit score, Quincy Mutual Group will generally reward you the most. For policyholders with "excellent" credit scores, Quincy Mutual Group comes in just under 74.85 more affordable. Drivers with "good" credit scores usually save about 66% with Quincy Mutual Group compared to average prices from Preferred Mutual.

Which Company is Best for Drivers with Bad Credit?

Quincy Mutual Group typically offers lower rates than Preferred Mutual when it comes to drivers with less-than-stellar credit. Drivers with "fair" credit pay around 58% per month less with Quincy Mutual Group compared to Preferred Mutual, and those with "poor" scores generally save an average of about 50% a month.

Is Preferred Mutual or Quincy Mutual Group 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 your monthly premiums. Typically, those who drive less will end up with less expensive prices since there's less of a chance of causing an accident and filing an insurance claim.

For both remote workers and those taking short commutes, Quincy Mutual Group offers cheaper rates than Preferred Mutual. Quincy Mutual Group's average prices for drivers with 6,000 annual miles come in nearly 60% more affordable than Preferred Mutual. Those who drive 12,000 miles annually can expect to pay just under 55% less with Quincy Mutual Group over Preferred Mutual.

Preferred Mutual or Quincy Mutual Group: Compare Rates for Urban, Suburban, and Rural Drivers

Where you park your vehicle can have a pretty big impact on your monthly auto insurance bill. Normally, if you live in an urban area with more cars on the road, you'll pay a little more for car insurance, while the opposite is true for people in rural areas.

Quincy Mutual Group tends to offer the cheapest rates for drivers in all areas, regardless of if they're urban, suburban, or rural.

Those in rural areas can expect to save around $73 with Quincy Mutual Group compared to Preferred Mutual. People who live in suburban areas pay about $248 less with Quincy Mutual Group compared to Preferred Mutual. For drivers in urban ZIP codes, Quincy Mutual Group's average premiums are around $594 less than Preferred Mutual.

Preferred Mutual vs. Quincy Mutual Group Discounts

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

But with what seems like a million different discounts out there, it can be challenging to find all the ones you can take advantage of or to nail down the company that has the most discounts for your unique driver profile.

Luckily, we did the hard work for you and compared all of the different discounts offered by Preferred Mutual and Quincy Mutual Group so that you can see which carrier can save you the most money each month.

Overall, Quincy Mutual Group comes out ahead with 18 discounts to Preferred Mutual's 14.

There are a couple discounts both carriers offer, but Quincy Mutual Group also offers discounts for advance quote, continuous insurance, distant student, and more.

On the other hand, Preferred Mutual has a few proprietary discounts of their own like DRL discounts and new business discounts.

Final Thoughts: Is Preferred Mutual or Quincy Mutual Group Best for You?

So, you've seen how different factors can affect your insurance prices. We've broken down the different discounts each carrier offers, too. That's all well and good, but at the end of the day, which company is the best one for you and your specific profile and needs?

Quincy Mutual Group might be best for you if....

• Your credit is less-than-stellar.
• Your credit score is high.
• You live in a rural area.

Preferred Mutual might be best for you if...

• You have a more unique driver profile than those we mentioned above.

Hopefully, this guide has ben a valuable resource as you compare Preferred Mutual and Quincy Mutual Group. We also hope we've given you the information you need to make the best decision when it comes to 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 companies, not just Preferred Mutual and Quincy Mutual Group. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code below and get free quotes from dozens of the top insurance carriers in your area, all in just a few minutes.

Preferred Mutual vs. Quincy Mutual Group FAQs

Is Preferred Mutual or Quincy Mutual Group cheaper?

Quincy Mutual Group is the less expensive of the two companies when looking at national average rates, with policies averaging $237 a month with Quincy Mutual Group and $542 for Preferred Mutual. But that doesn't mean Quincy Mutual Group will be the lowest carrier for everyone, since there are a variety of different variables that come into play when it comes to your auto insurance cost.

Who is better, Preferred Mutual or Quincy Mutual Group?

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

Why do Preferred Mutual and Quincy Mutual Group offer me different rates?

Insurance carriers use many different factors when determining the premiums they charge. Variables such as your driving record, gender, age, where you live, and sometimes even things like your credit score can all be taken into consideration. Both Preferred Mutual and Quincy Mutual Group calculate prices using different formulas, so it's likely they'll offer different premiums. The best way to determine which carrier is the most affordable for you is by comparing personalized quotes from several different companies.

How do I know if Preferred Mutual or Quincy Mutual Group is right for me?

The only way to find the car insurance company that's right for you is by getting quotes from several carriers and finding the one best suited for your individual budget. Luckily, Compare.com makes it easy for you to do just that. Just enter your area information and you'll get quotes from dozens of your local top insurance companies for free. That way, you can guarantee you're getting the lowest price. And maybe you'll find that the best carrier for you isn't Preferred Mutual or Quincy Mutual Group 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.