Chubb Auto Insurance Review for 2024
Free Auto Insurance Comparison
Enter your ZIP code below to compare auto insurance rates.
Secured with SHA-256 Encryption
Zach Fagiano
Licensed Insurance Broker
Zach Fagiano has been in the insurance industry for over 10 years, specializing in property and casualty and risk management consulting. He started out specializing in small businesses and moved up to large commercial real estate risks. During that time, he acquired property & casualty, life & health, and surplus lines brokers licenses. He’s now the Senior Vice President overseeing globa...
Licensed Insurance Broker
UPDATED: Jun 20, 2022
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We partner with top insurance providers. This doesn’t influence our content. Our opinions are our own.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
Chubb has gone through a lot of change and growth in recent years. Back in 1882, Chubb started out as a marine underwriting business based in NYC. The eponymous Thomas Caldecot and percy Chubb, a father and son duo, founded the business. As recently as 2016, Chubb was acquired by the major conglomerate ACE Limited. Today, both companies are working together to provide a diverse group of insurance coverages, including commercial, personal property, and casualty insurance, to clients in over 54 countries.
Chubb Insurance Review
As stated above, Chubb does some pretty big business not just in a variety of US states, but in an equally vast number of countries as well. And their financial strength ratings show exactly how they are capable of managing such an expansive business:
Rating Agency | Rating |
A.M. Best: | A++ |
S&P Rating: | AA |
Moody’s Rating: | Aa2 |
Better Business Bureau | F |
Yelp | 2/5 stars |
Based on their customer service ratings, however, it appears as though Chubb is dedicating more of its resources towards maintaining their exceptional financial strength than keeping customers happy. Granted, many of the angry reviews on Yelp are from people who did not receive payouts on claims where a Chubb-insured driver was held liable; they weren’t actual Chubb customers themselves. The “F” rating from the BBB, however, notes that 11 of the 18 complaints filed against Chubb in the past 3 years were due to “problems with product/service”.
Chubb Insurance Discounts
Many automotive insurance companies try to attract customers by advertising how much their clients save money due to a selection of discounts that the insurer provides. Chubb, on the other hand, takes a completely opposite approach. They tailor their financial products to a niche market of high income earners who want to insure expensive vehicles with a premium, comprehensive policy. Their policies are specifically crafted for motorists who drive luxury vehicles or who own classic/collector cars. But if you contact a Chubb agent directly, you might want to inquire about bundling discounts on multiple vehicles, or multi-policy discounts.
Chubb Auto Insurance Options
Chubb is a company who prides itself on the ability to issue coverage on large and expensive pieces of property. Therefore, their coverage options are targeted towards customers who have an expensive vehicle which needs coverage, several vehicles which need coverage, or both. They also pride themselves on offering more options than most standard insurance companies, such as:
- Agreed Value Coverage – you and your insurance agent agree how much the vehicle is worth on day one of your policy, and you get that amount in the event of a total loss (works similarly to Gap-Loss coverage)
- Choice of Repair Shop – instead of being restricted to a Chubb-approved body shop, you are free to pick one of your choosing
- Rental Car Reimbursement – Cubb will cover rental car reimbursement for over nine times the amount of what most standard auto insurance companies are willing to cover
- OEM Parts Coverage – if your vehicle needs to be repaired using original equipment from the manufacturer, Chubb will cover you (while some companies do not)
- Higher Amounts of Coverage – for the basic and necessary forms of coverage such as Liability and Uninsured/Underinsured Motorists, Chubb will allow you to purchase more than most companies (which usually maxes out at around 100,000/300,000)
Comparing Chubb Insurance Quotes
Comparison shopping is the key to getting the best deal on your automobile insurance premium. But in the case of Chubb, you aren’t just comparing prices – you’re comparing coverage options as well.
If you do have an expensive vehicle which needs more coverage options and higher limits on coverage, then you’re going to have to make some compromises between price and policy options. Chubb may not be the least expensive provider in your area, but the more affordable companies probably won’t offer the extra features or higher limits that Chubb is willing to.
Pros and Cons of Chubb Insurance
Pro | Con |
Strong financial strength rating | Bad reviews by the BBB and on Yelp |
Offers unique coverage options which most standard insurance companies don’t | Meant for either commercial business owners or luxury/collector vehicles |
Dedicated to offering a superior product to their customers | Their financial products might be outside the price range of the average driver |
Chubb has a history of offering very comprehensive insurance policies to their customers. However, doing such big business across multiple states and countries has led to the development of expensive, niche-market auto policies. And these policies may fall outside the price range of your average driver. But that doesn’t mean you shouldn’t compare a free quote from Chubb against at least 3-4 other companies before you decide on a policy – no matter how expensive or economical your vehicle may be.
Chubb Corporate Headquarters15 Mountain View Road
Warren, NJ 07059
www.chubb.com
1-908-903-2000