Preferred Mutual Auto Insurance Review for 2025 (Rates, Discounts, & Options)

With insurance discounts of up to 25%, Preferred Mutual is a solid option for anyone interested in saving on multiple types of auto insurance, including accident forgiveness and roadside assistance.

Preferred Mutual Auto Insurance Rating

Our Preferred Mutual auto insurance review gives it a solid 3.4/5 for competitive rates that average just $120 per month, but coverage is limited to New York and Massachusetts.

If you’re looking for affordable, reliable auto insurance, this provider is well worth considering. Start saving on your auto insurance by entering your ZIP code and comparing quotes.

Preferred Mutual Auto Insurance Costs

Your Preferred Mutual insurance quote depends on the coverage level, and full coverage will always be more expensive. Monthly premiums vary from $117 to $617, illustrating how experience and coverage determine premiums.

Preferred Mutual Auto Insurance Monthly Rates by Coverage Level

Full coverage auto insurance offers added protection but costs more, especially for new drivers. As experience grows, rates typically drop, making Preferred Mutual a more affordable option for older drivers.

When compared to competitors, Preferred Mutual offers $70 for minimum and $185 for full coverage, aligning with recommended auto insurance coverage levels for balanced protection and value.

Preferred Mutual Auto Insurance Monthly Rates by Provider & Coverage Level

Preferred Mutual is more expensive than popular providers like Geico, but it remains competitive in states like New York and Massachusetts, where car insurance rates are higher than average.

Preferred Mutual High-Risk Auto Insurance Rates

Preferred Mutual’s auto insurance rates vary significantly based on driving history. Drivers with a clean record pay the lowest monthly rates, starting at $73 for minimum coverage and $100 for full coverage.

A single ticket or accident raises premiums moderately, while a DUI results in the highest rates, reaching $220 for full coverage. However, this is still cheaper than the national average of $262 per month after a DUI. Compare these rates to cheap Auto insurance for high-risk drivers in New York to see how violations directly impact insurance costs and the value of maintaining a clean driving record.

As explained in how credit scores affect auto insurance rates, your credit rating could raise your insurance rates. Lower scores often result in higher premiums due to increased risk. This table shows full coverage auto insurance rates based on credit score tiers such as good, fair, and poor.

Preferred Mutual Auto Insurance Monthly Rates by Provider & Credit Score

Preferred Mutual Insurance Company is more expensive for drivers with bad credit than other companies, at $225 monthly.

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Ways to Save With Preferred Mutual Auto Insurance

Preferred Mutual offers a variety of car insurance discounts that aim to reward safe habits, policy bundling, and good grades for teen driver discounts. Drivers can unlock some of the best auto insurance discounts available while still keeping solid coverage.

Preferred Mutual Auto Insurance Discounts

The biggest discount is for policyholders who combine home and auto coverage and save up to 25% with a multi-policy discount. Additional savings include 20% for safe drivers and 15% for anti-theft devices. Smaller discounts like 8% for defensive driving, 7% for paying in full, and 5% for autopay can be stacked to help drivers save more.

Preferred Mutual Auto Insurance Coverage

Preferred Mutual offers extensive coverage to protect you, your vehicle, and your financial peace of mind. Policies cover everything from liability and medical payments to collision and comprehensive coverage:

• Liability Coverage: Protects you financially if you’re at fault in an accident that causes injury or property damage to others.
• Medical Payments Coverage: Helps pay for medical expenses if you or your passengers are injured in a covered accident.
• Underinsured/Uninsured Motorist Coverage: Covers damages if you’re hit by a driver with no insurance or not enough coverage.
• Collision Coverage: Pays to repair or replace your car after an accident, regardless of who’s at fault.
• Comprehensive Coverage: Covers non-collision damage like theft, vandalism, storms, floods, or animal-related incidents.

Preferred Mutual also offers add-ons like roadside assistance, rental reimbursement, and accident forgiveness. Massachusetts auto insurance with Preferred Mutual is eligible for new car replacement, but this perk is not available in New York.

If you buy coverage, how do auto insurance payments work with Preferred Mutual? It offers flexible options like monthly billing or paying in full through its Quick Pay and the MYPreferred portal, which makes it easy to manage your policy online.

Preferred Mutual Auto Insurance Ratings and Reviews

The Preferred Mutual rating indicates comparable financial stability and high marks for customer satisfaction. A.M. Best gives them an A-, while the Better Business Bureau has assigned an A+ rating for exceptionally good business practices.

Preferred Mutual Insurance Business Ratings & Consumer Reviews

Consumer Reports scored Preferred Mutual Insurance Company 78 out of 100 on overall customer satisfaction, reflecting positive reviews. The NAIC’s 0.50 score shows fewer complaints than average, so it has a stellar reputation for reliable service.

This Reddit user review shares a positive early experience with Preferred Mutual after switching from Liberty Mutual. The user reports saving $3,800 per year and describes the overall experience as good, despite limited information found during their initial research.

Read More: Liberty Mutual Auto Insurance Review

The combination of these ratings, actual savings, and positive customer feedback proves that Preferred Mutual is a sound and secure option for auto insurance. Several drivers report that Preferred Mutual customer service is helpful and easy to work with, too, which adds to the company’s overall value.

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Preferred Mutual Insurance Pros and Cons

Like any insurance provider, Preferred Mutual comes with its own set of strengths and limitations. Here’s a quick look at some of the key pros to consider when reading Preferred Mutual Insurance Company reviews:

• Competitive Rates: Average premiums start at $70 monthly for minimum coverage and $185 per month for full coverage.
• Bundled Discount Options: Offers up to 25% off for multi-policy holders, plus discounts for safe driving, good students, and more.
• Essential Auto Endorsements: Optional packages include roadside assistance, accident forgiveness, and new car replacement.

Preferred Mutual is a solid option for drivers looking for competitive rates and valuable coverage add-ons, especially in Massachusetts, but it is missing some important add-ons.

National providers like State Farm and Geico also have better rates, and Preferred Mutual’s limited availability and lower brand visibility may be a factor for those outside its core service area.

• Limited Availability: Primarily serves New York and Massachusetts, and is not available nationwide.
• Less Brand Recognition: May be unfamiliar to some drivers due to limited national marketing and presence.

Understanding the pros and cons of Preferred Mutual Insurance can help you decide if it fits your needs. For those in its service area, it remains a strong choice.

Learn More: Best Windshield Replacement Coverage in Massachusetts

Choosing Preferred Mutual Insurance Company

Our Preferred Mutual auto insurance review highlights competitive rates starting at $70 per month for minimum insurance. It also has solid financial ratings and discounts of up to 25% for multi-policyholders.

Its strengths in affordability, coverage flexibility, and customer-focused features make it a smart choice for drivers within its service area of New York and Massachusetts who want reliable and personalized comprehensive auto insurance.

However, if you don’t live in those states, you can start shopping for local insurance companies with our free comparison tool. Enter your ZIP code to find out where you can get the best deal on auto insurance.