Last Updated: November 2019
Shopping for car insurance is never fun. It’s understandable, but it doesn’t need to be complicated.
To make the process as streamlined as possible for you, we have provided a quick overview of Chubb Auto Insurance directly below for you.
Chubb Auto Insurance is part of the Zurich Insurance Group. Chubb has outstanding financial strength and the best customer satisfaction rankings you could ask for. They offer plenty of discounts you may be eligible for in addition to robust coverage options.
However, Chubb is also one of the highest-priced options you can choose for auto insurance. Chubb typically makes the most sense for high net worth individuals due to high liability coverage amounts that can extend up to 10 million in coverage.
Chubb is also great for individuals who prefer service over price.
Overall, Chubb is an excellent company to run rates with, but we always recommend comparing those rates with several other insurance companies before making your final decision.
That’s your quick, easy, and to the point overview of Chubb Auto Insurance.
To get the full details on the company, we have provided our in-depth analysis of the company below.
From start to finish, it’s approximately a 5-minute read.
The links you see below will allow you to skip to any specific section of this post that you desire to learn more about.
Here’s what we intend on covering in today’s article:
- Our Chubb Auto Insurance Review
- Chubb Financial Strength Ratings
- BBB Ratings and Consumer Complaints
- Auto Insurance Coverages Offered by Chubb
- Cost of Chubb Auto Coverages
- Discounts Available
- Chubb Rideshare Coverages Offered
- Application Process with Chubb
- Who Should Consider Chubb Auto Coverage?
- What Makes Chubb Auto Insurance Unique?
- Pros of Choosing Chubb
- Cons of Choosing Chubb
- Final Thoughts
Like we stated previously if you have those 5-minutes to spare and need further details to help you determine if Chubb is the company for you, we recommend you read our full review of the company directly below.
Here’s what you need to know:
Our Chubb Auto Insurance Review
Chubb is one of the leaders in the marketplace for both auto insurance and homeowner’s insurance.
They are most widely known for having outstanding customer service and some of the best coverage options consumers can elect to purchase.
Chubb is part of the Zurich Insurance Group based out of Switzerland and is considered a global insurance provider currently operating in more than 54 countries.
Chubb is currently headquartered in the U.S. in Warren, New Jersey, and in 2019, has more than 174 billion in total assets.
Impressive, to say the least.
Chubb Financial Strength Ratings
Financial strength ratings are always essential to consider before deciding on which company is going to provide you coverage.
They help the consumer understand how likely an insurance company is to pay claims and remain solvent and financially stable, even through the worst of economic times.
Currently, with Chubb, this is nothing to be concerned with.
As mentioned previously, Chubb has more than 174 billion dollars in total assets and currently is backed by some of the best financial strength ratings that can be provided to an insurance company.
According to A.M. Best, Chubb is currently considering an A++, which is deemed to be Superior and the highest rating that can be issued to a company.
Moody’s rates the company as an A1, which is also among the highest ratings that can be issued.
Chubb certainly allows consumers to have the peace of mind that they are working with one of the best options in the business.
BBB Ratings and Consumer Complaints
This is perhaps the most glaring strength of Chubb Insurance.
Chubb is recognized as one of the best companies in the country when it comes to customer satisfaction and customer service ratings.
They are also rated from J.D. Power and Associates as having the best in class coverage options.
Both areas are critical for the consumer to consider and understand.
Insurance is only worth having when problems do arrive, and when they do show up, we clearly want help fast.
This can be in the form of claims-paying or even just getting simple questions answered quickly by customer service.
This is Chubb’s bread and butter and should be one of the glaring reasons you do opt to purchase coverage from Chubb in the future.
Auto Insurance Coverages Offered by Chubb
Nearly all auto-insurance providers offer similar coverages.
They would be considered standard coverages and can include all the following options:
It’s typically the additional coverages offered by auto insurance providers that allows them to stand out from the competition.
With Chubb, you would have the option of including the following coverage options:
Chubb Masterpiece- This coverage offers all your standard and baseline coverages, including what we referenced above in addition to uninsured/underinsured motorist coverage and personal injury coverage.
In addition to these coverages, you also have other coverages included, such as rental car coverage, new car replacement, and the highest personal liability coverage in the industry that sits at 10 million in total coverage.
If you opt to purchase the Chubb Masterpiece Coverage, you can also enjoy the following perks.
- Choice of any Rental Car Shop
- Choice of Any Repair Shop
- Full Rental Reimbursement with No Limit
- Worldwide Rental Coverage
- Original Manufacturer OEM Replacement Cost Coverage – Included
Lastly, for a slight increase in monthly premiums, you can enjoy other perks, such as the following that can be slapped onto your masterpiece coverage portfolio.
Agreed Value Coverage- This allows drivers to find the worth of there car and come to an agreement with Chubb after an accident.
Chubb simply pays the agreed value price.
Full Roadside Assistance- Covers all charges that are incurred by roadside assistance needs.
Lease Gap Coverage- Coverage that helps cover the difference in the total owned on a leased vehicle instead of the depreciated value of the vehicle.
Cost of Chubb Auto Coverages
Here’s when Chubb hit’s the first hiccup from a consumer’s standpoint.
Compared to other top auto insurance companies in the industry, Chubb is known to be one of the priciest options consumers can choose.
Here’s a quick breakdown of that:
When comparing Chubb to Allstate, State Farm, and Progressive, here’s how the ranking unfolded.
Keep in mind that these are for relatively the same coverage package options
1st Place (Cheapest Coverage)- Progressive Insurance Company
2nd Place- Allstate Insurance Company
3rd Place- State Farm Insurance Company
4th Place (Most Expensive)- Chubb
Also, keep in mind that prices are never black and white when it comes to auto insurance.
Other variables always must be considered, such as driving record, vehicle insured, and even your credit rating and marital status.
However, assuming these factors are all equal, Chubb is the loser against these other top brands in the country when it comes to price.
All this means is that it’s always imperative to compare rates with multiple insurance companies before ultimately making any decisions on who to place coverage with.
When you put all the factors together, you never know who the best auto insurance provider near you may be.
Discounts, discounts, discounts.
It’s something nearly every consumer wants to know about.
Rightly so. We want to know what we will ultimately be paying for coverage and how good we can feel about potential savings.
With Chubb, you do have discounts you may eligible for.
Here’s a glance at the available discounts offered by Chubb:
Multi-Vehicle Discounts- Applied if you insure more than one vehicle with the company.
Accident-Free Discount- This applies if you can remain accident-free for more than 36 months.
Air Bag Discount-Several auto insurance providers offer this discount. This applied if your vehicle is equipped with standard airbags.
Anti-Lock Brakes- Applied if your vehicle comes standard with ABS brakes.
Anti-Theft- This applies to anyone seeking coverage for a vehicle that comes standard with anti-theft monitoring.
Defensive Driving Discount- Applies to anyone over the age of 65 that successfully passes an accident prevention course.
Good Student Discount- This applies to anyone 25 years or younger insured with Chubb that maintains an excellent academic standing.
Chubb Rideshare Coverages Offered
When completing our review, we struggled to locate if Chubb offers rideshare coverage currently.
This doesn’t mean that they don’t offer coverage.
We are just not sure.
With, it is a well-known problem that Uber and Lyft drivers are often underinsured.
If you fall into this category, you need to speak to a licensed agent and inquire about this coverage with Chubb to keep yourself protected.
If they happen not to offer this coverage, simply lean towards other popular options that do indeed provide this coverage.
A few companies known to offer excellent rideshare coverage include the following options:
- Erie Insurance Company
- State Farm Auto Insurance
- Geico Insurance Company
- Nationwide Insurance Company
Application Process with Chubb
The application process with Chubb is relatively straightforward and easy to complete.
You can complete this process online or with one of many agents that currently broker Chubb’s insurance products.
Their online platform is not as robust as some other companies, but it’s certainly better than others we have seen with other companies.
Online with Chubb allows you to complete other necessary functions with your policy as well, such as filing claims or even interacting in a live chat with a Chubb representative.
The online chat option is something we currently love and can serve to better customer service response times dramatically.
Who Should Consider Chubb Auto Coverage?
Due to the excellent customer service but high pricing, Chubb is typically a top consideration for individuals with a high net worth.
This is also due to having the highest liability coverages available, which can protect against individuals suing for property or injury-related claims.
Outside of high net worth individuals, Chubb would be great for anyone who puts service over price.
However, if you are like most individuals who shop price first, you can likely find better coverage looking elsewhere with other top brands in the industry.
What Makes Chubb Auto Insurance Unique?
Chubb is unique from the standpoint that they have one of the highest regarded customer service satisfaction out of all insurance providers in the country.
Additionally, the 10 MM liability coverage is unique, and the highest amount offered in the industry.
These two factors alone put Chubb in a class of their own.
Pros of Choosing Chubb
All insurance providers have unique pros and cons.
After a complete review of Chubb, here is what we believe to be the most beneficial advantages of working with the company.
- Highest Liability Coverage Amounts
- Excellent Customer Service
- Top-Rated Financial Strength
Cons of Choosing Chubb
On the flip side, all insurance companies also present weaknesses.
Here are the most significant downfalls of choosing Chubb for coverage.
- High Price for Coverage
- No Rideshare Availability
- Better Online Platforms Are Available
At the end of the day, it’s all about you finding the best auto insurance possible for your budget and needs.
The best way to do this is by shopping for multiple companies.
It ensures you don’t overspend on premiums or cut yourself short on coverage.
At the end of the day, Chubb certainly deserves consideration, but don’t forget all the other major companies during your search.
We wish you the best of luck in your search.