Which insurance carrier is right for you? Compare pros & cons, savings, and quotes from Hanover and Chubb.
From 2003-2007, the Wall Street Journal ranked The Hanover Insurance Companies #1 in the property and casualty industry for increasing shareholder value over a 5-year-period. In 2009, The Hanover acquired commercial business from OneBeacon Insurance Group, which enabled rapid Western U.S. expansion. In the same year, A.M. Best upgraded its company rating to “A” (excellent). From 2010 to 2011, it continued to acquire more businesses both in the U.S. and abroad, which included Lloyd’s of London Chaucer Holdings. In 2013, The Hanover exceeded $5 billion worth of written premiums and wrote business in 179 countries. In 2015, Standard & Poor’s upgraded the company’s financial rating to “A” and The Hanover was recognized by Forbes as one of America’s best employers and one of America’s most trustworthy financial companies.
In 1882, Thomas Caldecot Chubb and his son Percy, founded Chubb & Son in New York City selling with marine insurance. In 1901, Percy organized the Federal Insurance Company, writing marine insurance and expanded into fire two years later. The company acquired control of U.S Guarantee Company in 1921 and they opened their first branch outside the U.S in Montreal, Canada in 1928. In the year 1967, the company changed its name to Chubb Corporation and at the same time, they acquired the Pacific Indemnity Companies. In 1984 Chubb was listed on the New York Stock Exchange and their business expanded overseas by 1990. In 2012, after Superstorm Sandy, Chubb settled the highest number of claims in the company's history. Ace Limited and Chubb became one company and adopted the Chubb name by 2016. Today, Chubb is the world’s largest publicly traded P&C insurance company and the largest commercial insurer in the U.S, operating in 54 countries and provides property and casualty insurance to businesses and individuals, including personal products such as auto, home, travel, natural disasters, valuables, boats & yachts, cyber and life & health protection.
Below is a list of the average rates that drivers typically pay with Hanover and Chubb. On average, Hanover charges approximately $455.76 per month while Chubb comes in at around $178.10 per month. For Hanover, the cheapest state average is Massachusetts at $200.54 per month and the most expensive is New Jersey at $585.78 per month. For Chubb, the cheapest state average is Washington at $133.04 per month and the most expensive is New York at $268.15 per month.
Drivers will typically get a discount if they insure multiple vehicles. Here is a list of average rates that Hanover and Chubb typically charge for drivers who have more than 1 vehicle.
|Number of Vehicles||Hanover||Chubb|
Drivers who own their home rather than rent can sometimes get a small discount. We found that on average Hanover charges $458.01 per month and Chubb charges $182.44 per month for customers who own their home.
Which car insurance company is better? We've made it easy to compare companies side by side. See how Hanover and Chubb ranked among the industry ratings.
|A.M. Best Rating||A|
|JD Power Ranking||Above Average|
|NAIC Complaint Index||1.28||0.46|
What coverage is available through Hanover and Chubb? Both insurance companies offer Auto, Commercial, Home, and RV insurance. Additional products from Hanover insurance also include Umbrella insurance. Considering these two top insurance providers? Check out the list below. To view a full list of products that are available, visit Hanover and Chubb Insurance page.
Chubb offers a wide range of discounts to its policyholders, including Airbag, Anti-lock Braking System, and Anti-theft discounts. Whereas, Hanover also offers a few discounts that Chubb doesn’t, including Student Away at School, Pay-in-Full, and One Bill discounts. Start taking advantage of discounts offered by insurance providers like Chubb and Hanover insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.
|Accident Prevention Course Discount||Accident-Free Discount|
|Affinity Groups||Airbag Discount|
|Anti-theft Device Discount||Anti-lock Braking System Discount|
|Good Student Discount||Anti-theft Discount|
|Hanover Platinum Experience||College Graduate Discount|
|Multi-Car Discount||Defensive Driving Discount|
|No-Fee Electric Funds Transfers||Good Student Discount|
|One Bill||Multi-Vehicle Discount|
|Student Away at School Discount|
The Hanover Mobile app is available for iOS and Android. With this app, you’ll be able to see vital policy information and billing information. You can also file a home or auto claim without making a phone call.
The Chubb Mobile app is available for android and iPhones and iPads. The app features fingerprint and facial login to a dashboard where you can manage payments, download ID cards, submit claims, check the agent information and more.
|Hanover Mobile App|
|iOS||3.5||17 user reviews|
|Android||2.6||21 user reviews|
|Chubb Mobile App|
|iOS||3.3||14 user reviews|
|Android||2.3||6 user reviews|
|Hanover Contact Info|
|Address||440 Lincoln Street, Worcester, MA 01653|
|Chubb Contact Info|
|Address||15 Mountainview Rd, Warren, NJ 07059|
The statistics listed on this page are from our own in house reporting. We track and record quotes that carriers have provided based on various criteria. The rates and averages shown on this page should only be used as an estimate.
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