Depositors vs. Western National: Which Company is the Best Fit for You?

You've probably seen ads offering big savings on insurance, but are Depositors or Western National right for you? Which company offers the lowest rates, or the most discounts? Read on to see how Depositors and Western National compare, and to find out which carrier is the best one for you, your vehicle, and your budget.
Newly insured car driving down the road
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Quick Facts

  • In general, Depositors offers slightly more affordable premiums than Western National
  • Depositors tends to be a much less expensive option for people who are single and purchasing car insurance by yourself
  • Western National has cheaper prices for drivers who have an at-fault accident on their record

Depositors vs. Western National: Which Company has the Cheapest Car Insurance?

Are you in the market for a new insurance policy? 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 Depositors or Western National as your top options, but which carrier will save you the most?

Depositors Western National

Looking at nationwide averages, Depositors is about $6 per month more affordable than Western National.

Even so, Depositors may not be the most affordable or best option for each driver out there. Auto insurance companies use a variety of complex algorithms to calculate premiums, so depending on how clean your driving record is or where you live (among a lot of other factors), you could see wildly different rates from the ones above.

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

Depositors or Western National: Average Car Insurance Rates by State

State Depositors Western National

Depositors and Western National only compete against each other in one states, with Depositors offering less expensive premiums to the average driver in all of them. Iowa has the most noticable difference, where Depositors rates are over 10% cheaper than car insurance prices at Western National.

That being said, there's a lot more that goes into your insurance payment than just where you live. Continue reading to learn more about how other factors will affect your rates.

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Which is the Best Company For Young Drivers?

Depositors Western National
18-year-old drivers$311$306
25-year-old drivers$132$160

You might already know that teen drivers generally pay a lot more for car insurance than any group on the road. It's because young, inexperienced 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. For example, 18-year-old drivers pay an average of $5 less a month by choosing Western National over Depositors.

That being said, both carriers will offer you dramatically lower prices by the time you turn 25. For example, average rates for Depositors policyholders decrease nearly 60% and Western National's premiums drop almost 50% over that time.

Which is the Best Company for Retired Drivers?

Depositors Western National
65+-year-old drivers$111$109

Drivers around retirement age typically enjoy some of the cheapest auto insurance prices out there. After all, they've likely been driving for quite some time, which normally decreases their chances of accidents and other infractions that can increase rates.

When looking at Depositors and Western National specifically, which carrier is best for retired drivers? Western National gets the slight edge here, with average premiums coming in at around $109 per month compared to Depositors's $111. However, the difference is only about 5%, so other variables (such as where you live or your driving record) will likely come into play when determining which company has the lowest prices for you.

Which is the Best Company for Married Drivers?

Depositors Western National

You may not be aware, but insurance rates tend to be more affordable for married couples than they are for single drivers. That's usually because married drivers tend to own and insure more than one car, which can often earn you a discount.

If you're in the market for car insurance, Depositors tends to have the cheapest average premiums regardless of marital status, with prices nearly 10% less expensive for married policyholders and around 2% cheaper for those who are single.

Depositors vs. Western National: Average Rates by Gender

Depositors Western National

Because men are more likely to get tickets and get into accidents, they have a higher chance of filing a claim with insurance. Therefore, insurance companies will tend to charge men more than women.

Women typically pay almost $10 per month less than men with Depositors, and about $14 less with Western National.

Looking at the data for each carrier specifically, Depositors offers the most affordable average prices for both men and women, with average rates 6% less for men and 3% cheaper for women.

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Depositors or Western National: Compare State Minimum vs. Full Coverage Rates

Depositors Western National
State Minimum*$84$60
Full Coverage**$211$248

*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 coverages and terms that it can make it pretty confusing to find the right policy.

But the most common policies that many drivers look at fall into two categories -- liability only (which provides property damage and bodily injury coverage for other drivers and passengers if you cause an accident) and full coverage (which includes comprehensive and collision coverages that protect your own vehicle, alongside liability coverage).

In this case, Western National offers the cheapest average premiums for state minimum liability limits, while Depositors has the edge for full coverage policies with similar coverage limits. Drivers looking for basic state minimum coverage can save around $25 with Western National Insurance Company, while full coverage comes out to be around $35 more affordable with Depositors Insurance Company.

Is Depositors or Western National Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their 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 collisions lead to higher rates, but which company -- Depositors or Western National -- has the lowest prices for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Depositors Western National
Clean Record$106$154
1 Speeding Ticket$130$154

Policyholders with Western National auto insurance policies don't report seeing their rates increase after getting a ticket, but Depositors policyholders can expect to see their monthly bill increase by about 20%.

That being said, Depositors tends to offer the best prices for drivers both with a ticket and with a clean record, offering premiums that are $48 and $24 cheaper, respectively, compared to Western National Insurance Company.

Which Company is Best for Drivers After an Accident?

Depositors Western National
Clean Record$106$154
1 At-Fault Accident$157$154

Depositors drivers who get in a collision can expect to see their prices rise by over 30%, while those who have insurance through Western National will see around a 0% increase.

Overall, drivers who use Western National end up with the cheaper prices after an accident, with monthly rates averaging $154 compared to Depositors Insurance Company's $157.

Which Company is Best for Drivers with a DUI?

Depositors Western National
Clean Record$106$154
1 DUI$198$154

On average, a DUI offense is going to cost you much more than a single collision or speeding ticket when it comes to your car insurance bill. Depositors drivers usually see a 46% raise in their insurance premiums after a DUI charge, while Western National will usually increase prices by about 0%.

If you have a DUI on your record and are looking for more affordable premiums, Western National tends to be the much less expensive option with average rates of $154 a month compared to $198 from Depositors.

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How does Credit Score Impact Depositors and Western National Rates?

Often times, your credit score can be used as one of the factors to determine your monthly auto insurance prices. Certain states and carriers do not allow for credit score to be used as a rating factor, but it does affect a lot of policyholders out there.

The reasoning car insurance companies use is that drivers with good credit will be more likely to pay their bills on time; so they'll reward them with cheaper premiums, while those with poor credit will generally be forced to pay more.

Looking at Depositors and Western National specifically, which company has the most affordable rates for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

Depositors Western National
Excellent Credit Score$117$70
Good Credit Score$134$114

If you have solid credit, you'll usually find a better deal with Western National. Drivers with "excellent" credit can save over 40% compared to Depositors, and those with "good" scores can also expect to see savings -- around $20 or 15% cheaper each month.

Which Company is Best for Drivers with Bad Credit?

Depositors Western National
Fair Credit Score$155$154
Poor Credit Score$185$278

If you have bad credit, it can be somewhat of a toss-up as far as which company offers you the best prices. Drivers with "fair" credit pay about $1 less with Western National than Depositors, but those whose credit is considered "poor" have it flipped -- saving around $93 a month with Depositors.

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Is Depositors or Western National Better for Drivers who Work from Home or Have Short Commutes?

Depositors Western National
6,000 Annual Miles$148$152
12,000 Annual Miles$148$156

The amount of time you spend behind the wheel of your car plays a big role in how much insurance carriers will charge for coverage. Normally, the more miles you put on your car each year, the more you can expect to pay for auto insurance.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Depositors charges. However, there's a small difference in monthly premiums for Western National, with policyholders who drive 6,000 miles every year paying about $4 less each month compared to those who drive 12,000 miles yearly. Still, Depositors is the more affordable option for drivers in both categories.

Depositors vs. Western National: Compare Rates for Urban, Suburban, and Rural Drivers

Where you live can play a considerable role in how much you pay for insurance. Typically, 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.

Depositors Western National
Urban Areas$174$177
Suburban Areas$139$127
Rural Areas$130$158

Depositors boasts the lowest average rates in rural and urban areas, while Western National wins in suburban areas.

In urban areas, Depositors Insurance Company's average premiums are around 2% less than Western National Insurance Company. Drivers in suburban ZIP codes pay about 9% less with Western National compared to Depositors. If you live in a rural area, you can expect to save around 18% with Depositors compared to Western National.

Depositors vs. Western National Discounts

You want to save as much money as possible, right? The best way to do that is by utilizing as many auto insurance discounts as you can.

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

In the table below, we've broken down all of the different discounts offered by both Depositors and Western National so that you can see which one can save you the most money each month.

Depositors Western National
Advance Quote Discount 
Anti-Theft Discount 
Corporate Discount 
Covid-19 Relief Discount
Defensive Driver Discount
Distant Student Discount
Driver Training Discount 
EFT Discount 
Employee Discount
Family Discount 
Good Driving Discount 
Good Student Discount
Group Discount 
Homeowner Discount 
Intra-Agency Transfer Discount 
Life Policy Discount 
Multi-Car Discount
Multi-Policy Discount
New Vehicle Discount 
Paperless Discount 

Looking at the total number of discounts, Depositors comes out ahead with 17 discounts to Western National's 12.

There are a couple discounts both companies offer, but Depositors also offers advance quote discounts, EFT discounts, good driving discounts, and more that Western National does not.

On the flip side, Western National has a couple unique discounts of its own -- anti-theft discounts, corporate discounts, discounts for getting driver training, and more.

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Final Thoughts: Is Depositors or Western National Best for You?

So, we've broken down the average prices for many of the variables insurance carriers look at, and walked through the different discounts each carrier offers, too. But, when it comes down to it, is Depositors or Western National the right carrier for you and your specific profile and needs?

Depositors might be best for you if....

  • You're single and purchasing car insurance by yourself.
  • Your neighborhood is in a city.
  • You have a short commute.

Western National might be best for you if...

  • You have a DUI charge on your record.
  • You want basic auto insurance coverage at the state minimum limits.
  • You are over 65 years old and want to save some money on your insurance.

We hope this guide helps you get a good idea of the differences between Depositors and Western National and that it aids in making a more informed decision about your car insurance.

At the end of the day, the best way to make sure you're getting the best deal on your auto insurance policy is to compare quotes from multiple companies, not just Depositors and Western National. Luckily, sites like do all the hard work for you. Simply enter your ZIP codes below and get free quotes from dozens of top insurance carriers in your area, all in just a few minutes.

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Depositors vs. Western National FAQs

Is Depositors or Western National cheaper?

Looking just at the national average rates, Depositors is the less expensive of the two companies, offering average rates of $148 per month compared to $154 for Western National. But Depositors won't necessarily be the most affordable company for every driver, since there are many different factors that come into play when it comes to your car insurance bill.

Who is better, Depositors or Western National?

Unfortunately, the answer truly is "it depends.". No one carrier is necessarily "better" for everyone -- it all boils down to your unique auto insurance profile. For example, Western National offers cheaper premiums for policyholders with an at-fault accident on their record, while Depositors is more affordable for drivers who have less-than-stellar credit scores.

Why do Depositors and Western National offer me different rates?

Car insurance carriers take a look at quite a few different variables when calculating the prices they charge drivers. Things like your driving record, gender, age, where your home is, and sometimes even things like your credit score can all be taken into consideration. Both Depositors and Western National calculate rates differently, so each one will most likely offer different premiums. The only real way to see which company is the lowest for you is by comparing personalized quotes from a range of different companies.

How do I know if Depositors or Western National is right for me?

The only way to find the insurance carrier that's right for you is by getting quotes from a handful of carriers and finding the one best suited for your individual budget. Luckily, sites like make it easy for you to do just that. Just enter your ZIP code and you'll get free quotes from dozens of the best car insurance companies in your area. That way, you can guarantee you're getting the best premium. And who knows, the best company for you might not be Depositors or Western National at all!


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.

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