Which insurance company is right for you? Compare products, cost, and quotes from Hanover and Esurance.
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.
Founded in 1999 and purchased by Allstate in 2011, Esurance has the spirit of a startup but the backing of Allstate as a multiline insurance company with an A+ financial rating. Using state-of-the-art technology, Esurance offers online and mobile services that enable a more efficient payment and claims process. Esurance sells the vehicle and property insurance around the county, and they are still growing. In 1999, Jean-Bernard Duler, Jeffrey L. Goodman, Huyen Bui, David Griffin, and Charles Wallace founded Esurance as one of the first insurance companies to sell policies directly to consumers online, without the need for in-person meetings or telephone calls.
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 Esurance Overview.
Below is a list of the average rates that drivers typically pay with Hanover and Esurance. On average, Hanover charges approximately $462.30 per month while Esurance comes in at around $186.55 per month. For Hanover, the cheapest state average is Massachusetts at $251.78 per month and the most expensive is Connecticut at $618.81 per month. For Esurance, the cheapest state average is Illinois at $117.62 per month and the most expensive is New York at $350.18 per month.
Average Rate
Average Rate
Average Rate
State | Hanover | Esurance |
---|---|---|
Arizona | - | $141.08 |
Arkansas | $512.16 | - |
California | - | $127.33 |
Colorado | - | $230.97 |
Connecticut | $618.81 | - |
Illinois | $403.19 | $117.62 |
Maryland | - | $311.74 |
Massachusetts | $251.78 | - |
Michigan | $527.13 | $321.01 |
New Jersey | $602.89 | $229.91 |
New York | $435.49 | $350.18 |
Pennsylvania | - | $190.73 |
Texas | - | $185.01 |
Drivers will typically get a discount if they insure multiple vehicles. Here is a list of average rates that Hanover and Esurance typically charge for drivers who have more than 1 vehicle.
Number of Vehicles | Hanover | Esurance |
---|---|---|
1 Vehicle | $459.10 | $183.71 |
2 Vehicles | $661.86 | $273.59 |
Drivers who own their home rather than rent can sometimes get a small discount. We found that on average Hanover charges $344.54 per month and Esurance charges $165.51 per month for customers who own their home.
Own/Rent | Hanover | Esurance |
---|---|---|
Own | $344.54 | $165.51 |
Rent | $470.59 | $188.87 |
Which car insurance company is better? We've made it easy to compare companies side by side. See how Hanover and Esurance ranked among the industry ratings.
Comparison | Hanover | Esurance |
---|---|---|
Year Founded | 1852 | 1999 |
A.M. Best Rating | A | A+ |
BBB Rating | A+ | A- |
Financial Strength | Excellent | Above Average |
JD Power Ranking | Above Average | |
NAIC Complaint Index | 1.28 | |
NAIC Complaint Ratio | 1.14 | |
S&P Rating | A | AA- |
What coverage is available through Hanover and Esurance? Both insurance companies offer Auto, Commercial, Home, RV, and Umbrella insurance. Additional products from Esurance insurance also includes Condo, Health, Life, Motorcycle, Pet, and Renters 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 Esurance Insurance page.
Insurance | Hanover | Esurance |
---|---|---|
Auto Insurance | ✔ | ✔ |
Commercial Insurance | ✔ | ✔ |
Condo Insurance | ✔ | |
Health Insurance | ✔ | |
Home Insurance | ✔ | ✔ |
Life Insurance | ✔ | |
Motorcycle Insurance | ✔ | |
Pet Insurance | ✔ | |
Renters Insurance | ✔ | |
RV Insurance | ✔ | ✔ |
Umbrella Insurance | ✔ | ✔ |
Hanover offers a wide range of discounts to its policyholders, including Affinity Groups, Anti-theft Device, and Good Student discounts. Whereas, Esurance also offers a few discounts that Hanover doesn’t, including Switch & Save®, Safety Device, and Renters Plus® discounts. Start taking advantage of discounts offered by insurance providers like Esurance and Hanover insurance and save yourself some money. You can review the full list of discounts that these two companies offer below.
Hanover | Esurance |
---|---|
Accident Prevention Course Discount | Anti-lock Brakes Discount |
Affinity Groups | Anti-theft Discount |
Anti-theft Device Discount | Claim-free Discount |
Good Student Discount | Defensive Driver Discount |
Hanover Platinum Experience | Emergency Road Assistance Discount |
Multi-Car Discount | Fast 5 Discount® |
No-Fee Electric Funds Transfers | Good Driver Discount |
One Bill | Good Student Discount |
Pay-in-Full Discount | Homeowners Discount |
Student Away at School Discount | Multi-car Discount |
Multi-policy Discount | |
Online Shopper® Discount | |
Paid-in-full Discount | |
Renters Plus® Discount | |
Safety Device Discount | |
Switch & Save® 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 Esurance mobile app is available for iOS and Android.
Hanover Mobile App | ||
---|---|---|
iOS | 3.5 | 17 user reviews |
Android | 2.6 | 21 user reviews |
Esurance Mobile App | ||
---|---|---|
iOS | 4.8 | 1,194 user reviews |
Android | 4.7 | 8,655 user reviews |
Hanover Contact Info | |
---|---|
Address | 440 Lincoln Street, Worcester, MA 01653 |
Phone | 1-508-855-1000 |
Website | https://www.hanover.com/ |
https://www.facebook.com/hanoverinsurance/ | |
https://twitter.com/The_Hanover | |
Youtube | https://www.youtube.com/channel/UCe9zQijKTBxGff55FKAvytg |
https://www.linkedin.com/company/the-hanover-insurance-group/ |
Esurance Contact Info | |
---|---|
Address | 650 Davis Street, San Francisco, CA 94111 |
Phone | 1-800--378-7262 |
Website | https://www.esurance.com/ |
https://www.facebook.com/Esurance/ | |
https://twitter.com/esurance | |
Youtube | https://www.youtube.com/channel/UCpp4vbWpy_aTBhmhigENpHw |
https://www.linkedin.com/company/esurance/ |
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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