Hanover vs. Cincinnati Insurance

Which insurance company is right for you? Compare coverage, price, and quotes from Hanover and Cincinnati.

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Hanover vs. Cincinnati: What You Need to Know

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 average rates, rankings, products, and discounts for the two companies. For full company overviews, you can visit Hanover Overview and Cincinnati Insurance Overview.

Hanover vs. Cincinnati Insurance: How much are the Average Rates?

Below is a list of the average rates that drivers typically pay with Hanover and Cincinnati Insurance. On average, Hanover charges approximately $454.46 per month while Cincinnati Insurance comes in at around $234.54 per month. For Hanover, the cheapest state average is Illinois at $293.51 per month and the most expensive is New Jersey at $548.81 per month. For Cincinnati Insurance, the cheapest state average is Tennessee at $209.27 per month and the most expensive is Tennessee at $209.27 per month.

Hanover

Average Rate

$454.46
Cincinnati Insurance

Average Rate

$234.54
National

Average Rate

$133.56
State Hanover Cincinnati Insurance
Illinois $293.51 -
Michigan $448.96 -
New Jersey $548.81 -
New York $464.09 -
Tennessee- $209.27

Hanover vs. Cincinnati Insurance: Rates by Number of Vehicle

Home

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
1 Vehicle $438.29 $244.19
2 Vehicles $718.56 $

Hanover vs. Cincinnati Insurance: Rates by Homeownership

Home

Drivers who own their home rather than rent can sometimes get a small discount. We found that on average Hanover charges $566.22 per month and Cincinnati Insurance charges $ per month for customers who own their home.

Own/Rent Hanover Cincinnati Insurance
Own $566.22 $
Rent $426.58 $262.26

What is Hanover and Cincinnati Insurance Rating?

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.

ComparisonHanoverCincinnati
Year Founded18521950
A.M. Best RatingAA+
BBB RatingA+A+
Financial StrengthExcellentExcellent
JD Power RankingAbove Average
Moody's RatingA1
NAIC Complaint Index1.280.22
S&P RatingAA+

Hanover or Cincinnati: Insurance Products Offered

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.

InsuranceHanoverCincinnati
Auto Insurance
Commercial Insurance
Home Insurance
Life Insurance
RV Insurance
Umbrella Insurance

Hanover or Cincinnati: Ways To Save

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.

HanoverCincinnati
Accident Prevention Course DiscountGood Claim History Discount
Affinity GroupsGood Student Discount
Anti-theft Device DiscountHealthy Living Discount (Life Insurance)
Good Student DiscountHigh Deductible Discount
Hanover Platinum ExperienceMulti-car Policy Discount
Multi-Car DiscountMulti-policy Discount
No-Fee Electric Funds TransfersNew Home Discount
One BillSafety Equipment Discount (Auto, Home, Business)
Pay-in-Full DiscountSafety Features Discount
Student Away at School Discount

Pros & Cons of Hanover & Cincinnati

Pros

Hanover
  • The Hanover Insurance Group platinum coverages come in a great bundle.
  • Useful mobile app
Cincinnati
  • Cincinnati Insurance Company is dedicated to superior customer service.
  • Cincinnati has the highest ratings for financial strength.
  • For antique or collector car owners whose cars are less than 25 years old, Cincinnati Insurance is the best of very few options out there.

Cons

Hanover
  • The Hanover Insurance Group does not offer rideshare insurance or accident forgiveness options.
  • Very few discounts
  • Hanover Insurance is more expensive than most options and a lower customer service rating.
  • Hanover only writes auto insurance in 18 states.
Cincinnati
  • Cincinnati Insurance Company only operates in 13 states.

Hanover or Cincinnati Mobile Apps Options

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     3.517 user reviews
Android     2.621 user reviews
Cincinnati Mobile App
iOS     4.65 user reviews
Android     3.111 user reviews

Hanover & Cincinnati Contact Info

Hanover Contact Info
Address440 Lincoln Street, Worcester, MA 01653
Phone1-508-855-1000
Websitehttps://www.hanover.com/
Facebookhttps://www.facebook.com/hanoverinsurance/
Twitterhttps://twitter.com/The_Hanover
Youtubehttps://www.youtube.com/channel/UCe9zQijKTBxGff55FKAvytg
Linkedinhttps://www.linkedin.com/company/the-hanover-insurance-group/
Cincinnati Contact Info
Address600 S. Gilmore Road, Fairfield, OH 45014-5141
Phone(888) 242-8811
Websitehttps://www.cinfin.com/
Facebookhttps://www.facebook.com/CincinnatiInsurance/
Youtubehttps://www.youtube.com/channel/UCrqm2BGqGoKndbr6D8oRlcg
Linkedinhttps://www.linkedin.com/company/the-cincinnati-insurance-companies/

Methodology
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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