Which insurance company is right for you? Compare coverage, price, and quotes from Hanover and Cincinnati.
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.
With an A+ rating from the BBB and A.M Best, Cincinnati Insurance Company has been serving its customers since 1950. The Cincinnati Insurance company was founded in 1950 by four independent agents, two of whom were brothers, John Jack Schiff and Robert Cleveland Schiff. The company operates in 13 states through nearly 1,000 selected independent agencies.
Below is a list of the average rates that drivers typically pay with Hanover and Cincinnati Insurance. On average, Hanover charges approximately $455.76 per month while Cincinnati Insurance comes in at around $182.28 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 Cincinnati Insurance, the cheapest state average is Ohio at $144.64 per month and the most expensive is Virginia at $250.59 per month.
Drivers will typically get a discount if they insure multiple vehicles. Here is a list of average rates that Hanover and Cincinnati Insurance typically charge for drivers who have more than 1 vehicle.
|Number of Vehicles||Hanover||Cincinnati Insurance|
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 Cincinnati Insurance charges $141.54 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 Cincinnati ranked among the industry ratings.
|A.M. Best Rating||A||A+|
|JD Power Ranking||Above Average|
|NAIC Complaint Index||1.28||0.22|
What coverage is available through Hanover and Cincinnati? Both insurance companies offer Auto, Home, and Umbrella insurance. Additional products from Hanover insurance also includes Commercial and RV 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 Cincinnati Insurance Insurance page.
Cincinnati offers a wide range of discounts to its policyholders, including Good Student, Healthy Living (Life Insurance), and High Deductible discounts. Whereas, Hanover also offers a few discounts that Cincinnati doesn’t, including Student Away at School, Pay-in-Full, and One Bill discounts. Start taking advantage of discounts offered by insurance providers like Cincinnati 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||Good Claim History Discount|
|Affinity Groups||Good Student Discount|
|Anti-theft Device Discount||Healthy Living Discount (Life Insurance)|
|Good Student Discount||High Deductible Discount|
|Hanover Platinum Experience||Multi-car Policy Discount|
|Multi-Car Discount||Multi-policy Discount|
|No-Fee Electric Funds Transfers||New Home Discount|
|One Bill||Safety Equipment Discount (Auto, Home, Business)|
|Pay-in-Full Discount||Safety Features 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 Cincinnati Insurance Mobile app is available for android and iPhones and iPads. This insurance tool is where you can manage payments, view auto policy information, download ID cards, submit glass claims, request roadside services and more.
|Hanover Mobile App|
|iOS||3.5||17 user reviews|
|Android||2.6||21 user reviews|
|Cincinnati Mobile App|
|iOS||4.6||5 user reviews|
|Android||3.1||11 user reviews|
|Hanover Contact Info|
|Address||440 Lincoln Street, Worcester, MA 01653|
|Cincinnati Contact Info|
|Address||600 S. Gilmore Road, Fairfield, OH 45014-5141|
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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