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

Wondering if Depositors or Western Reserve Group is the best auto insurance carrier for you, your vehicle, and your wallet? We've broken down all the premiums and discounts for both companies to help you make a more informed decision. Read on to learn more.
Newly insured car driving down the road
Why You Can Trust trust shield

At, it's our mission to find simple ways to help our customers save money on the things they need. While we partner with some of the companies and brands we talk about in our articles, all of our content is written and reviewed by our independent editorial team and never influenced by our partnerships. Learn about how we make money, review our editorial standards, and reference our data methodology to learn more about why you can trust

Quick Facts

  • Looking at the national averages for insurance, Western Reserve Group offers slightly less expensive rates than Depositors
  • Depositors tends to be a much more affordable option for drivers with a DUI
  • Western Reserve Group offers more affordable prices for policyholders who are looking to purchase insurance with a spouse

Depositors or Western Reserve Group: Which Company has the Cheapest Car Insurance?

Are you considering a new insurance policy? You've probably seen commercials and billboards from companies offering hefty savings, but exactly how much money can you save by switching?

You might have narrowed it down to Depositors or Western Reserve Group for your next policy, but between the two, which carrier will save you the most?

Depositors Western Reserve Group

As you can see, Depositors is around $11 more a month than Western Reserve Group when looking at the national average rates for car insurance.

However, Western Reserve Group may not be the lowest or best option for every driver out there. Auto insurance carriers use a ton of complex algorithms to determine premiums, so depending on how clean your driving record is or where you live (among numerous other factors), you could see wildly different rates from the ones above.

Luckily, we've broken down average prices from both Depositors and Western Reserve Group by lots of different rate factors, so read on to find out which company is the best for you.

Depositors vs. Western Reserve Group: Average Car Insurance Rates by State

State Depositors Western Reserve Group

Depositors and Western Reserve Group only compete against each other in one states, with Depositors offering cheaper rates to the average driver in all of them. Indiana has the most noticable difference, where Depositors premiums are $30 more affordable than insurance prices at Western Reserve Group.

That being said, there are plenty of other factors that go into your car insurance payment than just where you call home. Keep reading to learn more.

Find your best rate in just a few minutes

Which is the Best Company For Young Drivers?

Depositors Western Reserve Group
18-year-old drivers$311$263
25-year-old drivers$132$132

Teen drivers will almost always have the most expensive auto insurance rates of any other group of drivers. That's because teen drivers are statistically much more likely to get into an accident that results in an insurance claim, making them much riskier to insure.

But that doesn't mean teen drivers can't still save money on their car insurance. Just look at the table above -- where 18-year-old drivers who have Western Reserve Group for their insurance pay almost 15% less than those who use Depositors.

That being said, with both companies, you'll see your premiums drop significantly once you turn 25. For example, average prices for Depositors policyholders reduce about $200 and Western Reserve Group's rates lower nearly $150 over that time.

Which is the Best Company for Retired Drivers?

Depositors Western Reserve Group
65+-year-old drivers$111$107

Drivers around retirement age normally enjoy some of the most affordable auto insurance prices you'll ever see. After all, they've likely been driving for quite some time, which usually lowers their chances of collisions and other infractions that can raise premiums.

But who has the best prices for retired drivers between Depositors and Western Reserve Group? In this case, Western Reserve Group has the slight edge, with premiums around $4 per month less than Depositors. Even so, the difference is only about 5%, so other variables will likely come into play when determining which carrier has the cheapest rates for you.

Which is the Best Company for Married Drivers?

Depositors Western Reserve Group

You may not be aware, but car insurance premiums tend to be more expensive for single policyholders than they are for married couples. This usually boils down to married policyholders having more than one vehicle on their policy -- something a lot of insurance carriers will reward with discounts.

If you're in the market for car insurance, Western Reserve Group tends to have the lowest average prices regardless of marital status, with prices almost 10% less expensive for those who are single and around 5% cheaper for married drivers.

Depositors or Western Reserve Group: Average Rates by Gender

Depositors Western Reserve Group

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

On average, women see rates about 6% a month less with Depositors, but surprisingly, with Western Reserve Group, women generally pay around 1% more per month than men.

Looking at the data for each company specifically, Western Reserve Group offers the most affordable average premiums for both men and women, with average prices 11% less for men and 3% cheaper for women.

Find your best rate in just a few minutes

Depositors vs. Western Reserve Group: Compare State Minimum vs. Full Coverage Rates

Depositors Western Reserve Group
State Minimum*$84$94
Full Coverage**$211$180

*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 isn't the easiest topic to understand. There are so many different coverages and limits that it can make it pretty confusing to find the right policy for you.

However, most policies end up falling into two different types of coverage -- liability coverage (that covers bodily injury and property damage for other drivers if you cause a collision) and full coverage (which includes collision and comprehensive coverages that protect your own car, alongside liability coverage).

When it comes to state minimum liability insurance, Depositors has the edge, while Western Reserve Group offers the cheapest average rates for full coverage policies with similar coverage limits. Policyholders looking for basic state minimum coverage can save around $10 with Depositors Insurance Company, while full coverage comes out to be about $30 more affordable with Western Reserve Group.

Is Depositors or Western Reserve Group Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from car insurance companies offering great premiums for good drivers, but that doesn't mean people with less-than-perfect driving records can't save money, too.

It's no secret secret that speeding tickets and collisions lead to higher prices, but which carrier -- Depositors or Western Reserve Group -- has the lowest rates for drivers with spotty records?

Which Company is Best for Drivers with Speeding Tickets?

Depositors Western Reserve Group
Clean Record$106$88
1 Speeding Ticket$130$122

Drivers who use Depositors for their auto insurance can normally expect their monthly bill to go up around 18% after getting a speeding ticket. Western Reserve Group policyholders can expect a bit more drastic of an increase of about 28%.

Even so, Western Reserve Group is generally the less expensive option for drivers both with clean records and with a ticket -- their rates are around 17% cheaper for drivers with clean records and 6% more affordable for those with a ticket.

Which Company is Best for Drivers After an Accident?

Depositors Western Reserve Group
Clean Record$106$88
1 At-Fault Accident$157$120

Both carriers will increase premiums pretty significantly if you get into an at-fault collision with Depositors raising by around 32%. Western Reserve Group has a less extreme raise, but you can still expect to pay more than 25% more than you were prior to your first accident.

At the end of the day, drivers who use Western Reserve Group end up with the cheaper prices after an accident, with average rates coming in at $120 compared to Depositors Insurance Company's $157.

Which Company is Best for Drivers with a DUI?

Depositors Western Reserve Group
Clean Record$106$88
1 DUI$198$218

If you get a DUI charge, you can expect some pretty significant increases in your monthly insurance bill -- typically a lot more than an accident or speeding ticket. Western Reserve Group drivers usually see a 60% climb in their car insurance prices after a DUI charge, while Depositors will usually increase premiums by about 46%.

But if you end up with a DUI charge and are looking for more affordable rates, Depositors tends to be less expensive for the average driver, with monthly premiums coming in at around $198 to Western Reserve Group's $218.

Find your best rate in just a few minutes

How does Credit Score Impact Depositors and Western Reserve Group Rates?

In many cases, your credit score can be used as one of the factors to calculate your monthly insurance prices. This isn't true for everyone (for example, California and Michigan are two states that ban the practice entirely), but it does affect several policyholders out there.

The reasoning auto 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 rates, while those with poor credit will generally be forced to pay more.

Looking at Depositors and Western Reserve Group specifically, which one has the most affordable premiums for policyholders at different credit levels?

Which Company is Best for Drivers with Good Credit?

Depositors Western Reserve Group
Excellent Credit Score$117$103
Good Credit Score$134$117

If you have a solid credit score, Western Reserve Group will usually reward you the most. For drivers with "excellent" credit scores, Western Reserve Group comes in over 11.97 cheaper. Drivers with "good" credit scores typically save about 13% with Western Reserve Group compared to average prices from Depositors.

Which Company is Best for Drivers with Bad Credit?

Depositors Western Reserve Group
Fair Credit Score$155$139
Poor Credit Score$185$189

If you have less-than-perfect credit, it can be somewhat of a toss-up as far as which company offers you the best rates. Drivers with "fair" credit pay around 10% less with Western Reserve Group than Depositors, but those whose credit is considered "poor" have it flipped -- saving about 2% a month with Depositors.

Find your best rate in just a few minutes

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

Depositors Western Reserve Group
6,000 Annual Miles$148$137
12,000 Annual Miles$148$137

The amount of time you spend behind the wheel of your car plays a big role in your monthly insurance cost. That's because the fewer miles you put on your vehicle, the less likely you are to be in a collision and file an insurance claim.

In this case, neither Depositors or Western Reserve Group report increasing premiums for drivers with higher annual mileage figures. That being said, Western Reserve Group comes out as the cheapest for drivers at both intervals, whether they put 6,000 or 12,000 miles on their car annually, with average prices of $137 per month for both.

Depositors or Western Reserve Group: Compare Rates for Urban, Suburban, and Rural Drivers

Where you call home can have a big impact on your monthly auto insurance bill. Normally, if you live in a rural area with fewer cars on the road, you'll pay a little less for car insurance, while the opposite is true for people in urban areas.

Depositors Western Reserve Group
Urban Areas$174$147
Suburban Areas$139$139
Rural Areas$130$125

Depositors vs. Western Reserve Group 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 where do you even start? With what seems like a million different discounts out there, it may be hard to find all the ones you qualify for.

Luckily, we did the hard work for you and compared all of the different discounts offered by Depositors and Western Reserve Group so that you can easily see which company offers the most discounts and, therefore, the largest savings.

Depositors Western Reserve Group
Advance Quote Discount
Agency Transfer Discount 
Anti-Theft Discount 
Company Car Discount 
Covid-19 Relief Discount 
Defensive Driver Discount
Distant Student Discount
EFT Discount 
Employee 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 
Passive Restraint Discount 

Depositors blows Western Reserve Group away when it comes to the sheer amount of discounts available, offering six more discounts than Western Reserve Group.

Both carriers offer many of the same discounts -- like discounts for being a defensive driver, discounts for being a good student, and discounts for being a homeowner -- but Depositors also offers discounts for COVID-19 relief, EFT, employee discount, and more.

On the other hand, Western Reserve Group has a few proprietary discounts of their own for things like agency transfer discounts, anti-theft discounts, company car discounts, and more.

Find your best rate in just a few minutes

Final Thoughts: Is Depositors or Western Reserve Group Best for You?

So, we've broken down the average prices for many of the variables car insurance companies look at, and we've shown you all the discounts each carrier offers. That's all well and good, but when it comes down to it, is Depositors or Western Reserve Group the best company for you and your specific profile and needs?

Western Reserve Group might be best for you if....

  • You don't have any speeding tickets, DUIs, or at-fault accidents on your record.
  • You live in a rural area.
  • You have a short commute.

Depositors might be best for you if...

  • You're looking for discounts -- Depositors has the most.
  • You're looking for the best premiums on liability only coverage.
  • Your neighborhood is in the suburbs.

Hopefully, this guide helps you get a good idea of the differences between Depositors and Western Reserve Group and that you can now make a more informed decision when it comes to your auto insurance.

At the end of the day, the sure-fire way to make sure you're getting the best deal on your insurance policy is to compare quotes from several carriers, not just Depositors and Western Reserve Group. Luckily, makes 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 companies in your area, all in just a few minutes.

Find your best rate in just a few minutes

Depositors vs. Western Reserve Group FAQs

Is Depositors or Western Reserve Group cheaper?

Western Reserve Group is the more affordable of the two carriers when looking at national average prices, with policies averaging $137 a month with Western Reserve Group and $148 for Depositors. That being said, that doesn't mean Western Reserve Group will be the cheapest company for every driver, since there are a variety of different factors that come into play when it comes to your auto insurance payment.

Who is better, Depositors or Western Reserve Group?

Unfortunately, the real answer is "it depends.". Neither carrier is "better" for each policyholder -- it all depends on what your unique insurance profile looks like. For example, Western Reserve Group is cheaper for drivers with excellent credit, while Depositors offers less expensive premiums for drivers with a recent DUI.

Why do Depositors and Western Reserve Group offer me different rates?

Car insurance companies use lots of different variables when determining the rates they charge. Things like your driving record, age, where you park your vehicle, gender, and sometimes even things like your credit score can all be taken into consideration. Both Depositors and Western Reserve Group use different formulas, so it's likely they'll offer different premiums. The best way to determine which company is the most affordable for you is by comparing personalized quotes from a range of different carriers.

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

The only way to find the auto insurance carrier that's right for you is by getting quotes from multiple companies and finding the one best suited for your individual budget. Luckily, sites like do all the hard work for you. Just enter your ZIP code and you'll get quotes from dozens of your local top car insurance carriers for free. That way, you can guarantee you're getting the best premium. And maybe you'll find that the best company for you isn't Depositors or Western Reserve Group at all, but another you hadn't even thought of!


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.

About's #1 goal is to save you money. We publish resources that are based on hard-hitting data and years of industry experience to help you make more informed decisions with your wallet.

  • All of's content is written and reviewed for accuracy by a team of experienced writers and editors who are experts on the topics they cover.
  • None of's content is ever influenced by the companies and brands we partner with.
  •'s editorial team operates independently of any of the company's partnership or business development interests. We publish unbiased information strictly for the benefit of our readers.
  • All of the content you see on is based on comprehensive analysis and all data is gathered and vetted from trustworthy sources.

Learn more about us, our team, and what makes us tick.

Find your best rate in just a few minutes