Chubb vs. Omni: Which Company is the Best Fit for You?

Quick Facts

• Based on national averages for car insurance, Omni offers significantly less expensive prices than Chubb
• Chubb may help you save more money -- they offer more discounts than Omni Insurance
• Omni tends to be a much cheaper option for drivers who have a speeding ticket on their driving record

Chubb or Omni: Which Company has the Cheapest Car Insurance?

Are you in the market for a new insurance policy? With so many ads from all sorts of companies offering huge savings, you're probably wondering exactly how much you might be able to save.

You might have narrowed your search down to Chubb or Omni as potential options, but between the two, which company has more affordable rates for auto insurance?

Looking at nationwide averages, Chubb has average rates that are around 40% a month more expensive than those from Omni.

But that doesn't necessarily mean Omni will be the cheaper option for every single driver. After all, insurance carriers can offer drastically different rates to every driver depending on rating factors like where you call home, your age, your driving record, or even your credit score (among other things), so premiums could vary drastically from person to person.

So, if you want to find out which of Chubb or Omni is really the best for you, keep reading to see average prices for each carrier broken down by several different rate factors.

Chubb vs. Omni: Average Car Insurance Rates by State

Chubb and Omni only compete against each other in one states, with Omni offering less expensive rates to the average driver in all of them. Pennsylvania has the most noticable difference, where Omni prices are $171 more affordable than car insurance rates at Chubb.

That being said, there are plenty of other factors that go into your insurance cost than just your home state. Read on to find out more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- typically pay a lot for car insurance compared to older drivers. It's normally because teen drivers are statistically much more likely to get into an accident that results in an auto insurance claim, making them much riskier to insure.

But still, even with seemingly sky-high premiums, teen drivers can still find ways to save money. As you can see above, teens who use Omni save over 25% per month compared to those who use Chubb.

However, both companies will lower rates by the time drivers turn 25. Omni offers the steepest reduction, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. Chubb's average prices drop almost 55% during that same period.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll generally enjoy the most affordable auto insurance premiums you can find. You've been on the road for years, and all that experience pays off when it comes to your monthly rates for car insurance.

When looking at Chubb and Omni specifically, which company is best for retired drivers? Omni gets the edge, with prices for drivers 65 and older nearly 30% less expensive than the national average for Chubb.

Which is the Best Company for Married Drivers?

You may not be aware, but insurance premiums tend to be more expensive for single drivers than they are for married policyholders. This usually boils down to married drivers having several vehicles on their policy -- something lots of auto insurance carriers will reward with discounts.

For single policyholders, the difference in average prices between these two companies is significant, with Omni rates coming in at a third less than Chubb's. The advantage is also clear for married couples - Omni offers the lowest average premiums.

Chubb or Omni: Average Rates by Gender

Men are statistically more likely than women to get into collisions and file an insurance claim. That means when it comes to car insurance men will usually end up paying a little more.

On average, women see prices about $10 a month more affordable with Chubb, and around $15 cheaper with Omni when compared to their male counterparts.

Looking at the data for each carrier specifically, Omni comes out on top for both men and women. On average, male drivers save about $107 per month and women save about $111 with Omni compared to the average Chubb policyholder.

Chubb vs. Omni: Compare State Minimum vs. Full Coverage Rates

*State minimum value indicates liability-only policies at each state's minimum bodily injury and property damage (BI/PD) limits

**Full coverage indicates state minimum BI/PD limits with collision and comprehensive coverages added to policy.

For most people, insurance can be pretty complicated. Everyone needs auto insurance, but there are so many different terms and limits that it can be hard to find the right policy for you.

The two most common policies that drivers look at fall into two categories -- liability coverage (that covers property damage and bodily injury for other drivers and their passengers if you cause a collision) and full coverage (which includes two additional coverages -- collision and comprehensive -- in addition to liability).

Looking specifically at state minimum liability limits, Omni has the significant edge, with average monthly rates coming in at $104. If you want a full coverage policy with the same state minimum limits, Omni again has the edge, with policies averaging around $258 a month to Chubb's $412.

Is Chubb or Omni Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their insurance. But that's not to say you can't save money if you don't have the best driving record, either.

You'll probably end up paying more with accidents and speeding tickets on your record, but which of these two carriers offers the cheapest premiums to drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Chubb for their car insurance can normally expect their monthly bill to go up about 15% after getting a speeding ticket. Omni policyholders can expect a less drastic increase of around 4%.

Even so, Omni has cheaper rates for drivers in both categories, offering prices that are $55 and $86 more affordable, respectively, compared to Chubb.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their auto insurance through Chubb can expect to see about an $67 -- or around 23% -- rise in their insurance premiums. Drivers who use Omni for their car insurance will see a monthly bill about $35 (or 17%) more expensive after reporting an accident to their auto insurance company.

At the end of the day, Omni offers the most affordable prices for drivers with an at-fault collision on their records, with average premiums coming in at $203 compared to Chubb's $290.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge on your record, it's probably going to cost you more than a simple ticket or even a collision. Chubb drivers usually see a 43% raise in their car insurance rates after a DUI charge, while Omni will generally climb premiums by around 6%.

But if you end up with a DUI charge and are looking for more affordable prices, Omni tends to be less expensive for the average driver, with monthly premiums coming in at about $178 to Chubb's $389.

How does Credit Score Impact Chubb and Omni Rates?

Did you know many insurance companies take into account your credit score when determining rates? This isn't true for everyone (for example, are two states that ban the practice entirely), but it will come into play for quite a few drivers.

Auto insurance carriers argue that someone with bad credit is less likely to pay their bills on time, which makes them riskier to insure. Because of that, policyholders with bad credit will often be forced to pay more.

Looking at Chubb and Omni specifically, which one has the best premiums for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Chubb or Omni Better for Drivers who Work from Home or Have Short Commutes?

Did you know that the amount of time you spend in your car have a considerable impact on your monthly insurance bill? That's because the more milage you drive, the more likely you are to be in an accident and file an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Omni charges. However, there's a small difference in monthly prices for Chubb, with policyholders who drive 6,000 miles yearly paying around $10 less each month compared to those who drive 12,000 miles annually. Still, for drivers in both categories, Omni is the cheaper carrier.

Chubb or Omni: Compare Rates for Urban, Suburban, and Rural Drivers

We've already mentioned how your home state can play a role in how much you pay for auto insurance, but the type of area you live in can have a pretty big impact as well. Usually, if you live in an urban area with more cars on the road, you'll pay a little more for car insurance, while the opposite is true for people in rural areas.

Omni tends to offer the lowest rates for drivers in all areas, regardless of if they're urban, suburban, or rural.

For drivers in urban ZIP codes, Omni's average prices are about $267 while Chubb offers rates around $360. People in suburban areas pay about $143 with Omni compared to Chubb's $260 monthly. Those in rural areas can expect to pay around $134 per month with Omni compared to Chubb's $252.

Chubb vs. Omni Discounts

No matter why you might be in the market for a new auto insurance policy, you're always going to want to save as much money as you can, and the best way to do that is by utilizing as many insurance discounts as possible.

But with what seems like a million different discounts out there, it can be challenging to nail down the company that has the most discounts for your unique driver profile and to find all the discounts you can take advantage of.

Luckily, we did the hard work for you and looked at all of the different discounts Chubb and Omni offer their customers so that you can easily see which company offers the most discounts and, therefore, the largest savings.

Looking at the total number of discounts, Chubb has a slight advantage when it comes to total number of discounts. Omni offers a grand total of 13 discounts, while Chubb has 15.

A couple of those are overlapping for things like anti-theft discounts, passive restraint discounts, and renewal discounts. Chubb also offers discounts for ABS, distant student, driver training, and more.

On the other hand, Omni has a few proprietary discounts of their own for things like advance quote discounts, agency transfer discounts, cellphone safety discounts, and more.

Final Thoughts: Is Chubb or Omni Best for You?

You've seen the effect certain variables have on your car insurance and the different discounts companies offer. That's all well and good, but at the end of the day, which insurance carrier is the best carrier for you and your specific profile and needs?

Omni might be best for you if....

• You've been pulled over for speeding recently.
• You want the most robust protection via a "full coverage" policy.
• You are purchasing your auto insurance with a spouse.

Chubb might be best for you if...

• You want to save extra money with discounts.

Hopefully, this guide helps you get a better idea of the difference between Chubb and Omni. We also hope we've given you the information you need to make the best decision when it comes to your insurance.

At the end of the day, the best way to make sure you're getting the best deal on your car insurance policy is to compare quotes from several carriers, not just Chubb and Omni. Luckily, Compare.com does all the hard work for you. Just enter your ZIP code below and get multiple quotes from some of the best insurance companies in your area, all for free.

Chubb vs. Omni FAQs

Is Chubb or Omni cheaper?

Omni is the more affordable of the two carriers when looking at national average premiums, with policies averaging $181 per month with Omni and $291 for Chubb. That being said, that doesn't mean Omni will be the most affordable company for every policyholder, since there are a range of different factors (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, Chubb or Omni?

Sadly, the only answer we can give you is "it depends.". One carrier is not necessarily "better" for each policyholder -- it all boils down to your unique car insurance profile.

Why do Chubb and Omni offer me different rates?

Auto insurance companies use a lot of different variables when calculating the rates they charge. Factors like gender, where you live, age, your driving record, and sometimes even things like your credit score can all be used. Both Chubb and Omni calculate prices using different formulas, so it's likely they'll offer different premiums. The best way to determine which company is the cheapest for you is by comparing personalized quotes from a bunch of different carriers.

How do I know if Chubb or Omni is right for me?

The only way to find the car insurance carrier that's right for you is by getting quotes from a handful of companies and finding the one best suited for your individual budget. Luckily, Compare.com makes it easy for you to do just that. Just enter your area information and you'll get quotes from dozens of your local top insurance carriers for free. With those, you can guarantee you're getting the lowest rate. And maybe you'll find that the best company for you isn't Chubb or Omni at all, but another you hadn't even thought of!

Methodology

All of the data referenced in this article has been gathered in collaboration with Quadrant Information Services. We analyzed more than 2.5 million rows of carrier-reported data to calculate the average rates referenced above. All rates are based on an insurance profile of a single-vehicle policy for a driver that owns a 2016 Honda Accord. For more information on how we calculate rates, please reference our data methodology.