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

Quick Facts

• Based on national averages for car insurance, Omni offers slightly cheaper premiums than Cincinatti Financial
• Cincinatti Financial tends to be a much more affordable option for drivers who have received a ticket within the last few years
• Omni offers more affordable rates for couples purchasing insurance together

Cincinatti Financial vs. Omni: Which Company has the Cheapest Car Insurance?

So, you're considering switching your auto insurance. After all, you've seen ads from all sorts of companies offering big discounts. But exactly how much can you save by switching?

You've maybe even narrowed your search down to Cincinatti Financial or Omni, but between the two, which carrier has less expensive prices for auto insurance?

Looking at the national average rates for both companies, Omni is about $19 per month more affordable than Cincinatti Financial.

But Omni may not be the cheapest or best option for each driver out there. Car insurance carriers use a ton of complex algorithms to calculate premiums, so depending on how clean your driving record is or where you live (among multiple other factors), you could see wildly different rates from the ones above.

Luckily, we've broken down average premiums from both Cincinatti Financial and Omni by lots of different rate factors, so read on to find out which company is the best for you.

Cincinatti Financial or Omni: Average Car Insurance Rates by State

Cincinatti Financial and Omni only compete against each other in one states, with Cincinatti Financial offering less expensive prices to the average driver in all of them. Alabama has the most noticable difference, where Cincinatti Financial rates are over 30% cheaper than insurance premiums at Omni.

That being said, there are plenty of other factors that go into your auto insurance cost than just where you call home. Continue reading to see how other factors will affect your rates.

Which is the Best Company For Young Drivers?

Teen drivers will almost always have the most expensive car insurance prices of any group out there on the road. That's usually because young, inexperienced drivers are statistically much more likely to get into accidents since they have less experience on the roads.

Even so, that doesn't mean teen drivers can't still save money on their auto insurance. For example, 18-year-old drivers pay an average of $25 less a month by choosing Omni over Cincinatti Financial.

However, both companies will reduce rates by the time you turn 25. For example, average premiums for Cincinatti Financial policyholders drop more than 60% and Omni's rates lower over 70% over that time.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll generally enjoy the most affordable insurance prices you'll ever 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.

But who has the best premiums for retired drivers between Cincinatti Financial and Omni? Cincinatti Financial gets the slight edge, with prices for drivers 65 and older nearly 10% more affordable than the national average for Omni.

Which is the Best Company for Married Drivers?

Married couples tend to get slightly less expensive auto insurance premiums than those who are single. This usually boils down to married policyholders having more than one car on their policy -- something several insurance carriers will reward with discounts.

When it comes to relationship status, the two companies are comparable for single policyholders, with prices only differing around $19 per month, on average. But for married drivers, the advantage is clear - Omni offers the cheapest average rates.

Cincinatti Financial vs. Omni: Average Rates by Gender

Did you know men tend to pay more for car insurance than women? This is because women are less likely to get into collisions and get tickets, which lowers the chances of an insurance claim.

On average, men see premiums about 6% a month higher with Cincinatti Financial, and around 8% more with Omni.

Looking at the data for each carrier specifically, Omni comes out as the lowest option for both genders. On average, male drivers save about $17 per month and women save about $19 with Omni compared to the average Cincinatti Financial policyholder.

Cincinatti Financial or 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, auto insurance isn't the easiest topic to understand. There are so many different limits and coverages that it can make it pretty confusing to find the right policy.

That being said, the most common policies that many drivers look at fall into two categories -- liability only (which covers the other party's injuries and property damage if you cause an accident) and full coverage (which includes two additional coverages -- comprehensive and collision -- alongside liability).

If you're looking for state minimum liability insurance, Omni normally offers slightly cheaper prices of $104 compared to Cincinatti Financial's $106. When it comes to full coverage policies with similar limits, Omni again has the edge, with policies around $35 a month more affordable than Cincinatti Financial, on average.

Is Cincinatti Financial or Omni Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their car insurance. But even if you have a spotty record, you can still find plenty of ways to save some cash on your monthly bill.

It's no secret secret that tickets and at-fault accidents lead to higher rates, but which company -- Cincinatti Financial or Omni -- has the most affordable premiums for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Cincinatti Financial policyholders can expect their prices to go up an average of $21 per month if they get a ticket, while Omni typically raises rates about $7 a month, on average.

However, Cincinatti Financial has less expensive prices for drivers in both categories, offering rates that are 27% and 18% cheaper, respectively, compared to Omni Insurance.

Which Company is Best for Drivers After an Accident?

Cincinatti Financial drivers who get in a collision can expect to see their premiums climb by over $90, while those who have insurance through Omni will see around a $35 increase.

Overall, drivers who use Omni end up with the cheaper prices after an accident, with monthly prices averaging $203 compared to Cincinatti Financial's $214.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single accident or speeding ticket when it comes to your insurance bill. Cincinatti Financial drivers usually see a 62% climb in their car insurance premiums after a DUI charge, while Omni will normally raise rates by about 6%.

If you have a DUI on your record and are looking for more affordable prices, Omni tends to be the much less expensive option with average premiums of $178 monthly compared to $320 from Cincinatti Financial.

How does Credit Score Impact Cincinatti Financial and Omni Rates?

Did you know that many auto insurance carriers take your credit score into account when calculating rates? This isn't always the case (Massachusetts, for example, has banned the use of credit score as a rating factor) but it does affect many policyholders out there.

Insurance companies argue that those with poor credit scores are less likely to pay their bills on time each month, which increases the risk involved on their end, while the opposite is true for those with good credit.

So, which carrier offers the lowest prices for drivers with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

If you have solid credit, you'll usually find a better deal with Cincinatti Financial. Policyholders with "excellent" credit can save just under 10% compared to Omni, and those with "good" scores can also expect to see savings -- around $3 or 2% cheaper every month.

Which Company is Best for Drivers with Bad Credit?

Omni typically offers lower premiums than Cincinatti Financial when it comes to drivers with less-than-stellar credit. Drivers with "fair" credit pay about $13 per month less with Omni compared to Cincinatti Financial, and those with "poor" scores typically save an average of around $78 a month.

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

The amount of time you spend behind the wheel of your car plays a big role in your monthly rates. Generally, the more miles you put on your vehicle, the more you can expect to pay for auto insurance.

In this case, neither Cincinatti Financial or Omni report increasing premiums for drivers with higher annual mileage figures. That being said, Omni comes out as the most affordable for drivers at both intervals, whether they put 6,000 or 12,000 miles on their car each year, with average prices of $181 a month for both.

Cincinatti Financial vs. Omni: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can play a pretty big role in how much you pay for insurance. Usually, those who live in rural areas will pay less than drivers in urban areas because there are a lot fewer vehicles on the roads in those areas.

Omni tends to offer the lowest option for drivers in rural and suburban areas, while Cincinatti Financial wins in urban areas.

Those in rural areas can expect to pay about $134 per month with Omni and $182 with Cincinatti Financial. People in suburban areas pay around $143 with Omni compared to Cincinatti Financial's $197 monthly. For drivers in urban ZIP codes, Cincinatti Financial's average premiums are about $220 per month compared to Omni's $267.

Cincinatti Financial vs. Omni Discounts

Regardless of why you might be in the market for a new car insurance policy, you're always going to want to save as much money as possible. That's where auto insurance discounts comes into play.

But with what seems like a million different discounts out there, it can be challenging to find all the ones you qualify for or to nail down the carrier that has the most discounts for your unique driver profile.

In the table below, we've compared all of the different discounts offered by Cincinatti Financial and Omni so that you can find the one that has the most discounts and, therefore, the biggest savings.

Looking at the total number of discounts, Omni has advantage when it comes to total number of discounts. Cincinatti Financial offers a grand total of 10 discounts, while Omni has 13.

A couple of those are overlapping for things like advance quote discounts, anti-theft discounts, and group discounts. Omni also offers agency transfer discounts, cellphone safety discounts, multi-car discounts, and more that Cincinatti Financial does not.

On the flip side, Cincinatti Financial has a couple unique discounts of its own -- COVID-19 relief discount, discounts for being a good student, multi-policy discounts, and more.

Final Thoughts: Is Cincinatti Financial or Omni Best for You?

You've seen the role certain variables have on your insurance and the different discounts carriers offer. That's all well and good, but at the end of the day, is Cincinatti Financial or Omni the right company for you and your specific profile and needs?

Omni might be best for you if....

• You want to save money on your car insurance after an accident.
• You're looking for more protection with "full coverage" auto insurance.
• You don't spend much time in your car.

Cincinatti Financial might be best for you if...

• You have a clean driving record, free of collisions, tickets, or DUIs.
• Your credit score is high.
• You are over 65 years old and want to save some money on your insurance.

We hope this guide has ben a valuable resource as you compare Cincinatti Financial and Omni. We also hope we've given you the information you need to make the best decision about your car insurance.

But, at the end of the day, there's only one way to know for sure that you're getting the best possible deal on insurance -- comparing quotes from a handful of companies, not just Cincinatti Financial and Omni. Luckily, sites like Compare.com make it easy for you to do just that. Simply enter your ZIP codes below and get multiple free quotes from some of the best car insurance carriers in your area, all in just a few minutes.

Cincinatti Financial vs. Omni FAQs

Is Cincinatti Financial or Omni cheaper?

Looking just at the national average prices, Omni is the more affordable of the two companies, offering average rates of $181 a month compared to $200 for Cincinatti Financial. That being said, Omni won't necessarily be the most affordable company for every policyholder, since there are a bunch of different factors (things like age, driving record, gender, etc.) that play a role in how much you pay.

Who is better, Cincinatti Financial or Omni?

Unfortunately, the real answer is "it depends.". One carrier is not necessarily "better" for everyone -- it all depends on the makeup of your unique auto insurance profile. For example, Omni offers less expensive rates for single policyholders, while Cincinatti Financial is more affordable for drivers who have already retired.

Why do Cincinatti Financial and Omni offer me different rates?

Insurance carriers take a look at lots of different variables when determining the premiums they charge drivers. Factors like gender, your driving record, where you park your car, age, and sometimes even things like your credit score can all be taken into consideration. Both Cincinatti Financial and Omni calculate rates using different variables, so each one will most likely offer different prices. The only real way to see which company is the cheapest for you is by comparing personalized quotes from multiple different companies.

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

The only way to find the auto insurance carrier that's right for you is by getting quotes from multiple carriers and finding the one best suited for your individual budget. Luckily, Compare.com does all the hard work for you. Just enter your area information and you'll get free quotes from dozens of the best car insurance companies in your area. With those, you can guarantee you're getting the lowest premium. And who knows, the best company for you might not be Cincinatti Financial or Omni at all!

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.