Chubb Auto Insurance Review (2024)
Chubb, a longstanding presence in the insurance landscape, continues to shape the industry with its commitment to providing high-quality coverage and a distinctive approach to customer service.
Scott W. Johnson
Licensed Insurance Agent
Scott W Johnson is an independent insurance agent in California. Principal Broker and founder of Marindependent Insurance Services, Scott brings over 25 years of experience to his clients. His Five President’s Council awards prove he uses all he learned at Avocet, Sprint Nextel, and Farmers Insurance to the benefit of his clients. Scott quickly grasped the unique insurance requirements of his...
Licensed Insurance Agent
UPDATED: Apr 23, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Apr 23, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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Chubb
Average Monthly Rate For Good Drivers
$206A.M. Best Rating:
A++Complaint Level:
LowPros
- Excellent customer service and unique coverage options
- Specializes in classic car insurance
- Strong financial strength rating from A.M. Best
- Low complaint index scores from the NAIC indicate high customer satisfaction
Cons
- Higher rates compared to the national average
- Not the best choice for budget-conscious drivers
- Availability of policies may vary by state
Established over 100 years ago, Chubb is a respectable car insurance company offering excellent customer service, unique coverage options, and a high-quality experience. Unfortunately, Chubb’s overall rates are much higher than the national average.
Chubb sells car insurance and other types of coverage in all 50 states, but not all policies are available in every state. In addition, since it focuses on top-notch customer experience rather than low rates, Chubb isn’t the best choice for drivers looking to keep their monthly premiums low.
Aside from standard auto coverage, Chubb is also one of the best classic car insurance companies on the market. From high coverage limits to agreed-upon value for every car, Chubb is an excellent choice for insurance if high rates don’t bother you.
Explore Chubb auto insurance reviews below to see what this high-end company can do for you. Then, compare other options to ensure you get the best policy possible.
What You Should Know About Chubb
Chubb sells car insurance throughout the U.S. and is generally considered a solid choice for car insurance. However, Chubb isn’t the right choice for drivers who stick to a budget since its rates tend to be much higher than the national average. One of the best ways to determine whether an insurance company is good is to view third-party ratings.
For example, A.M. Best rates companies on financial strength — the stronger a company is financially, the more likely it’ll pay your future claims. With over $200 billion in assets, Chubb has a superior score of A++ from A.M. Best, indicating that the company is doing well and you won’t have to worry about your policy.
Another indicator of a good insurance company is its complaint index score from the National Association of Insurance Commissioners (NAIC), which compares a company’s number of complaints against its size. The national average index is 1.0, meaning anything lower indicates the company receives fewer-than-average complaints.
Chubb has a 0.67 for its auto insurance and a 0.29 for homeowners policies, meaning most customers are satisfied with their service. While Chubb is a relatively large insurance company, there currently isn’t a Chubb insurance company rating from other prominent third-party rating companies like J.D. Power or the Better Business Bureau.
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Chubb Insurance Coverage Options
Like most insurance companies, Chubb sells enough coverage to meet the two main policy needs: minimum and full coverage auto insurance. While these aren’t the only types of insurance, they’re the most commonly purchased.
Each state’s laws define minimum insurance requirements, which is the least amount of coverage a driver needs to operate their vehicle. Some states require very little insurance, while others require far more coverage. Regardless, a Chubb representative will know exactly how much insurance you need in your state.
While never required by state law, full coverage offers much better protection for your car. However, rates for full coverage can be much higher than minimum insurance rates, so it’s important to choose the right amount for your needs.
For example, you’ll probably need full coverage if you have a loan or lease on your car. Full coverage is also good if your vehicle is valuable or you can’t afford to replace it. On the other hand, if your car is old or not worth much, you can probably buy minimum insurance. Chubb sells everything you need to cover both minimum and full coverage, including the following:
- Property damage liability. State law usually requires property damage liability insurance, which pays for damage you cause to other people’s belongings, including their vehicles and buildings.
- Bodily injury liability. The other half of liability auto insurance covers injuries you cause to other drivers, their passengers, and other bystanders. It doesn’t cover your injuries.
- Collision. If you want help paying for damage your car sustains after an accident, you’ll need collision auto insurance. Collision coverage also pays for repairs if you hit a stationary object like a tree.
- Comprehensive. Comprehensive auto insurance covers damage caused by life’s unexpected events. It covers damage from extreme weather, fires, floods, animal contact, vandalism, and theft.
- Uninsured/underinsured motorist. According to the Insurance Information Institute, one in eight drivers are without coverage. Uninsured/underinsured motorist insurance protects you from drivers without enough coverage.
- Personal injury protection/medical payments. Medical payments and personal injury protection insurance coverage pay for health care expenses for you and your passengers.
When you buy a full coverage policy, your plan includes everything listed above, which is why you’ll pay more than you would for minimum insurance. Most companies offer these basic coverages, but if finding the lowest possible rates is important to you, Chubb might not be the best option.
Chubb Insurance Rates Breakdown
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| Driver Profile | Chubb Auto Insurance | National Average |
|---|---|---|
| Clean Record | $130 | $119 |
| 1+ Ticket | $160 | $147 |
| 1+ Accident | $180 | $173 |
| DUI | $220 | $209 |
| Poor Credit | $224 | $205 |
*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver
Unlike most car insurance companies, Chubb takes pride in its expensive, high-quality coverage. Due to this, Chubb’s prices tend to be much higher than many of its competitors.
Before you look at how much Chubb insurance costs, you should understand what factors companies consider when crafting your rates. Insurance companies use the following factors to craft your rates:
- Location. Companies carefully track claims, including where they get filed. You’ll see different rates by moving even one ZIP code.
- Age and gender. Another piece of data insurance companies track is claims by age and gender. Men and young drivers pay more for insurance, but the price gap lessens with age.
- Driving history. One of the best ways a company can assess your potential risk is to look at your driving history. You’ll pay more for car insurance if you have an at-fault accident, speeding ticket, or DUI on your record.
- Marital status. Married couples file fewer claims than their single counterparts, so insurance companies charge them less for coverage.
- Amount of coverage. As you saw above, you can buy several types of insurance from Chubb. However, the more you add to your policy, the more you’ll pay.
- Credit score. Most states allow companies to look at your credit score to determine your rates. Companies charge more if you have a lower credit score because you’re statistically more likely to file a claim.
- Car make and model. People with sports or luxury cars pay more for car insurance, primarily because repair costs are higher.
Most companies use these factors to craft your rates, but each has a different formula. This difference in formulas is why it’s important to compare rates with multiple companies — you’ll probably overpay if you don’t. Chubb tends to be higher than most other companies. For example, the national average for full coverage is about $167 a month, while Chubb’s is about $206.
Read more: Auto Insurance for Couples: Does having multiple drivers save you money?
Chubb Auto Insurance Rates by Age
Car insurance companies charge more to insure young drivers for a few reasons, chiefly that they file more claims. In addition, young drivers are more likely to drive recklessly and don’t have the experience to handle every dangerous situation the road can throw at them.
While Chubb’s rates are usually much higher than the national average, its rates for young drivers are about 22% less. The national average for an 18-year-old driver is about $500 a month, which means Chubb charges about $391.
Chubb Auto Insurance Rates After a Speeding Ticket
Speeding tickets are one of the most common traffic infractions in America. Depending on where you live, speeding tickets can come with hefty fines, points on your record, and a suspended license. They also increase how much you’ll pay for car insurance. (For more information, read our “How much does motorcycle insurance increase with a speeding ticket?“).
On average, a speeding ticket increases your insurance rates by about 23%. The national average rate for car insurance after a speeding ticket is about $147 per month. Chubb is significantly more expensive, costing an average of $216 per month.
Although getting a speeding ticket means you’ll pay more for insurance, you won’t be stuck with high prices forever. If you can keep your record clean of additional infractions, your rates will return to normal after about three years.
Chubb Auto Insurance Rates After an At-Fault Accident
At-fault accidents are another incident that will significantly impact your insurance rates. The average at-fault accident raises your insurance rates by about 42%, and they usually come with other penalties like fines and license points. Additionally, you’ll have to pay for your own car repairs if you don’t have collision insurance.
Once again, Chubb auto insurance after an at-fault accident is more expensive than the national average. While the average car insurance quote after an accident is $173 a month, Chubb customers should expect around $266.
Like speeding tickets, at-fault accidents don’t affect your insurance rates forever. The typical at-fault accident falls off your record after three years, though it depends on the nature of the incident. For example, an at-fault accident with a DUI charge will take seven years before it stops affecting your insurance. Learn more about how long an accident stays on your record.
Chubb Discounts Available
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| Driver Profile | Chubb Auto Insurance | National Average |
|---|---|---|
| Clean Record | $130 | $119 |
| 1+ Ticket | $160 | $147 |
| 1+ Accident | $180 | $173 |
| DUI | $220 | $209 |
| Poor Credit | $224 | $205 |
*monthly rates are based on an average of minimum and full coverage for a 45-year-old male driver
Car insurance companies offer discounts to help customers save every penny possible on their coverage. While many of the largest companies offer long lists of discounts, Chubb national insurance company doesn’t have quite as long a selection. Chubb claims to focus on quality service over everything else, but it offers the following savings:
- Multi-policy. Chubb sells many coverage types aside from auto insurance. If you buy additional policies, Chubb will give you a discount.
- Multi-car. If your household has more than one vehicle, you can save on coverage for each if you include them in the same policy.
- Anti-theft devices. Save on your comprehensive insurance by having anti-theft devices installed in your vehicle. Common anti-theft devices include GPS tracking and audible alarms.
- Good student. Full-time students under 25 can earn a discount of between 10%-15% by maintaining a 3.0 GPA.
- Defensive driving credit. If you pass a defensive driving course, Chubb won’t raise your insurance rates after your first traffic incident.
- Anti-lock brakes. Chubb offers a small discount if your car comes with computerized anti-lock brakes.
- Safety devices. You’ll see lower premiums if your vehicle has devices like air bags, passive restraints, or daytime running lights.
Keep in mind that availability varies by state, so you might not be able to get every discount listed above. Speak with a Chubb representative to see which discounts are available to you.
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How Chubb Ranks Among Providers
Chubb Auto Insurance stands as a prominent player in the insurance industry, offering a range of coverage options with a focus on quality service and comprehensive protection.
However, the competitive landscape in the auto insurance sector is robust, with several key players vying for the attention of consumers. Let’s delve into the main competitors challenging Chubb’s position in the market.
- Geico: Geico, known for its ubiquitous advertising and user-friendly approach, is a formidable competitor to Chubb. Offering competitive rates and a variety of coverage options, Geico caters to a broad customer base, including those seeking budget-friendly policies without compromising on service.
- Progressive: Progressive has carved a niche for itself with its innovative insurance solutions, including usage-based insurance and Snapshot® technology. Positioned as a tech-savvy and customer-centric insurer, Progressive competes with Chubb by combining advanced offerings with affordable premiums.
- Allstate: Allstate boasts a wide array of coverage options and a strong network of agents, emphasizing personalized service. As a competitor to Chubb, Allstate positions itself as a reliable choice for customers seeking comprehensive coverage and a trusted relationship with their insurer.
- State Farm: State Farm, with its longstanding reputation and extensive agent network, presents a formidable challenge to Chubb. Recognized for its personalized service and diverse coverage options, State Farm competes by offering a combination of financial stability and customer-focused insurance solutions.
- Nationwide: Nationwide is a key competitor, emphasizing a range of insurance products, including auto, home, and life. With a focus on customer satisfaction and a variety of discounts, Nationwide competes with Chubb by providing comprehensive coverage for individuals and families.
While Chubb Auto Insurance excels in providing high-quality coverage and unique options, these competitors bring their strengths to the table, offering diverse solutions and appealing to different segments of the market.
As consumers evaluate their insurance needs, considering factors such as budget, coverage preferences, and customer service, the competition among Chubb and its rivals remains dynamic, ensuring a marketplace rich with choices for policyholders.
Frequently Asked Questions
What types of auto insurance coverage does Chubb offer?
Chubb provides a range of coverage options to meet various policy needs, including both minimum and full coverage auto insurance. These coverages address state-specific requirements and offer enhanced protection for drivers with higher coverage needs.
What is included in Chubb’s full coverage auto insurance policy?
Chubb’s full coverage includes comprehensive and collision coverage, bodily injury liability, property damage liability, and uninsured/underinsured motorist coverage. This comprehensive policy ensures extensive protection for your vehicle and financial well-being.
Does Chubb offer additional coverage options or add-ons for auto insurance policies?
Yes, Chubb goes beyond standard coverage by offering a Masterpiece insurance policy, which includes unique coverages like agreed-upon value for classic cars. Policyholders can also choose from various add-ons, enhancing the value of their coverage with additional protections.
Is classic car insurance available through Chubb, and what does it cover?
Chubb provides specialized coverage for classic cars, encompassing agreed-upon value, high coverage limits, and additional unique options. This ensures that classic car owners receive tailored protection for their valuable and cherished vehicles.
What are the key considerations for choosing between minimum and full coverage with Chubb?
While state laws define minimum insurance requirements, Chubb recommends full coverage for those with valuable or financed vehicles. Understanding your specific needs and consulting with a Chubb representative can help determine the right coverage for your situation.
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Scott W. Johnson
Licensed Insurance Agent
Scott W Johnson is an independent insurance agent in California. Principal Broker and founder of Marindependent Insurance Services, Scott brings over 25 years of experience to his clients. His Five President’s Council awards prove he uses all he learned at Avocet, Sprint Nextel, and Farmers Insurance to the benefit of his clients. Scott quickly grasped the unique insurance requirements of his...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
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