Secura vs. Wolverine Mutual: Which Company is the Best Fit for You?

Quick Facts

• Looking at the national averages for car insurance, Secura offers significantly cheaper prices than Wolverine Mutual
• Secura offers more affordable rates for single people who will be the only person on the auto insurance policy
• Wolverine Mutual tends to be a much more affordable option for policyholders who live in rural neighborhoods

Secura or Wolverine 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 hefty savings. But exactly how much can you save by switching?

You might have narrowed your search down to Secura or Wolverine Mutual for your next policy, but between the two, which carrier will save you the most?

Looking at nationwide averages, Wolverine Mutual is quite a bit more expensive than Secura, with premiums averaging $224 a month compared to just $146 with Secura.

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

Luckily, we've broken down average prices from both Secura and Wolverine Mutual by lots of different rate factors, so read on to find out which company is the best for you.

Secura vs. Wolverine Mutual: Average Car Insurance Rates by State

Secura and Wolverine Mutual only compete against each other in Michigan, where Secura offers the cheaper average rates. Secura drivers tend to pay about $54 per month less on average compared to drivers who use Wolverine Mutual for their car insurance.

But there's more to calculating auto insurance premiums than just where you live. Continue reading to learn more about how other variables will affect your rates.

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. It's because teen drivers are statistically much more likely to get into an accident that results in an auto insurance claim, making them much riskier to insure.

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 30% less a month by choosing Secura over Wolverine Mutual.

That being said, with both companies, you'll see your prices drop significantly once you turn 25. For example, average premiums for Secura policyholders reduce more than 55% and Wolverine Mutual's rates lower almost 35% over that time.

Which is the Best Company for Retired Drivers?

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

So, which carrier offers the best premiums to retired drivers? Secura gets the slight edge, with prices for drivers 65 and older $8 more affordable than the national average for Wolverine Mutual.

Which is the Best Company for Married Drivers?

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

For single policyholders, the difference in average rates between these two companies is significant, with Secura prices coming in at a third less than Wolverine Mutual's. The advantage is also clear for married policyholders - Secura offers the most affordable average premiums.

Secura or Wolverine Mutual: Average Rates by Gender

Because women are less likely to get into collisions and get speeding tickets, they have a lower chance of filing a claim with insurance. So, insurance carriers will tend to charge women less than men.

Usually, men see rates around $3 per month higher with Secura; women and men end up paying same monthly prices with Wolverine Mutual.

Looking at the data for each company specifically, Secura offers the cheapest average premiums for both men and women, with average prices $77 less for men and $80 cheaper for women.

Secura vs. Wolverine 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.

Auto insurance isn't the easiest topic to understand. There are multiple 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 the most common policies that drivers look at fall into two categories -- 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 what you get with liability coverage).

Looking specifically at state minimum liability insurance, Secura has the significant edge, with average monthly rates coming in at $69. If you want a full coverage policy with the same state minimum limits, Secura again has the edge, with policies averaging about $222 a month to Wolverine Mutual's $335.

Is Secura or Wolverine Mutual Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from insurance companies 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 speeding tickets and at-fault accidents lead to higher prices, but which carrier -- Secura or Wolverine Mutual -- has the lowest rates for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Secura for their car insurance can typically expect their monthly bill to go up around 29% after getting a speeding ticket. Wolverine Mutual policyholders can expect a less drastic increase of about 17%.

Even so, Secura tends to offer the best prices for both drivers who have clean records and those with a recent ticket. With SECURA Insurance, drivers with a clean record can save around $59 per month and drivers with a speeding ticket can save about $53 a month.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their auto insurance through Secura can expect to see around an $42 -- or about 33% -- rise in their car insurance premiums. Drivers who use Wolverine Mutual for their insurance will see a monthly bill around $42 (or 22%) more expensive after reporting a collision to their auto insurance company.

At the end of the day, the cheaper rates come from Secura, with average prices coming in at $129 compared to Wolverine Mutual's $188.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single collision or ticket when it comes to your car insurance bill. Wolverine Mutual drivers usually see a 62% raise in their insurance rates after a DUI charge, while Secura will generally increase premiums by about 64%.

But if you end up with a DUI charge and are looking for more affordable prices, Secura tends to be more affordable for the average driver, with monthly premiums coming in at around $244 to Wolverine Mutual's $389.

How does Credit Score Impact Secura and Wolverine Mutual Rates?

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

Auto insurance carriers argue that someone with good credit is more likely to pay their bills on time, which makes them less risky to insure. Because of that, policyholders with good credit will often be rewarded with cheaper prices.

Looking specifically at Secura and Wolverine Mutual, which company has the best rates for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

Michigan is one of a few states that prohibits insurance companies from using credit scores to determine premiums. And since Wolverine Mutual is only available in Michigan, there is no data available on how credit score impacts rates because it's not a factor at all. This may be a good thing, since Secura and other carriers tend to increase prices quite a bit in other states if you don't have excellent credit.

Which Company is Best for Drivers with Bad Credit?

If you have bad credit and live in Michigan, the good news is it won't cost you extra when it comes to auto insurance. As you can see, poor credit can really cost Secura drivers in other states, but no need to worry if you live in Michigan.

Is Secura or Wolverine Mutual Better for Drivers who Work from Home or Have Short Commutes?

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

As you can see in the table above, annual mileage doesn't have much of an impact on how much Wolverine Mutual charges. However, there's a small difference in monthly premiums for Secura, with drivers who put 6,000 miles on their vehicle every year paying about $5 less each month compared to those who drive 12,000 miles yearly. Still, for drivers in both categories, Secura is the less expensive carrier.

Secura or Wolverine Mutual: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can play a substantial role in how much you pay for insurance. Normally, policyholders who live in heavily-populated urban areas will pay quite a bit more than rural drivers since there are a lot more cars on the roads where they live.

When comparing these two carriers side-by-side, Secura typically comes out as the more affordable option for drivers in urban and suburban areas, while Wolverine Mutual wins in rural areas.

For policyholders in urban ZIP codes, SECURA Insurance's average rates are around 53% less than Wolverine Mutual. People who live in suburban areas pay about 29% less with Secura compared to Wolverine Mutual. Those in rural areas can expect to save around 1% with Wolverine Mutual compared to Secura.

Secura vs. Wolverine Mutual 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.

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 broke down all of the different discounts offered by both Secura and Wolverine Mutual so that you can easily see which company offers the most discounts and see which ones you might be able to take advantage of.

Secura knocks Wolverine Mutual out of the park when it comes to the sheer number of discounts available, offering 19 different discounts to Wolverine Mutual's nine.

Both companies offer several of the same discounts -- like discounts for being a good driver, discounts for insuring multiple cars with the same company, and multi-policy discounts -- but Secura also offers discounts for advance quote, anti-theft, defensive driver, and more.

On the other hand, Wolverine Mutual has a few proprietary discounts of their own like ABS discounts and military discounts.

Final Thoughts: Is Secura or Wolverine Mutual Best for You?

So, we've broken down the average prices for many of the variables car insurance carriers look at, and we've shown you all the discounts each carrier offers. But, at the end of the day, which company is the best one for you and your specific needs?

Secura might be best for you if....

• You have a clean record.
• You're looking for discounts -- Secura has the most.
• You're of retirement age and want to take advantage of lower rates.

Wolverine Mutual might be best for you if...

• You live in a rural neighborhood.

Hopefully, this guide helps you get a good idea of the differences between Secura and Wolverine Mutual and that you can now make a more informed decision when it comes to your 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 Secura and Wolverine Mutual. Luckily, sites like Compare.com make it easy for you to do just that. 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.

Secura vs. Wolverine Mutual FAQs

Is Secura or Wolverine Mutual cheaper?

Secura is the cheaper of the two companies when looking at national average premiums, with policies averaging $146 per month with Secura and $224 for Wolverine Mutual. However, that doesn't mean Secura will be the cheapest carrier for every driver, since there are a bunch of different factors (things like gender, age, driving record, etc.) that play a role in how much you pay.

Who is better, Secura or Wolverine Mutual?

Sadly, the answer truly is "it depends.". One company is not necessarily "better" for everyone -- it all comes down to what your unique car insurance profile looks like.

Why do Secura and Wolverine Mutual offer me different rates?

Auto insurance carriers use many different variables when determining the prices they charge. Things like where you call home, gender, where you park your vehicle, age, and sometimes even things like your credit score can all come into play. Both Secura and Wolverine Mutual use 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 Secura or Wolverine Mutual is right for me?

The only way to find the 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 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 best premium. And maybe you'll find that the best carrier for you isn't Secura or Wolverine 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.