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

Quick Facts

• In general, Omni offers more affordable rates than Farmers
• Farmers has less expensive prices for residents of urban areas
• Omni tends to be a much cheaper option for drivers who have less-than-stellar credit

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

So, you're thinking about switching your auto insurance. With so many ads from all sorts of companies offering big discounts, you're probably wondering exactly how much you might be able to save.

You might be considering Farmers or Omni as your top options, but which company has less expensive premiums for car insurance?

Looking at nationwide averages, Omni is about $22 per month cheaper than Farmers.

However, Omni may not be the cheapest or best option for each driver out there. After all, insurance companies can offer drastically different rates to each driver depending on rating factors like your credit score, where you call home, your driving record, or even your age (among other things), so prices could vary drastically from person to person.

Wanting to know if Farmers or Omni is really the right carrier for you? Keep on reading to see how average rates can change based on all of the factors we've mentioned above.

Farmers or Omni: Average Car Insurance Rates by State

Farmers and Omni only compete against each other in one states, with Omni offering more affordable prices to the average driver in all of them. Alabama has the most noticable difference, where Omni rates are over 20% cheaper than car insurance premiums at Farmers.

That being said, there are plenty of other factors that go into your auto insurance cost than just the state you live in. Continue reading to learn more about how other factors will affect your rates.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- normally pay a lot for car insurance compared to older drivers. The reason is that young, inexperienced drivers are statistically much more likely to get into accidents since they have less experience on the roads.

That being said, that doesn't mean that teen drivers have to just accept sky-high insurance rates. For example, 18-year-old drivers pay an average of more than $60 less a month by choosing Omni over Farmers. It's worth noting that Farmers offers auto insurance in 25 different states compared to Omni's two, which can skew the average prices a bit, but the difference here is still considerable.

But with both carriers, you'll see your premiums lower significantly once you turn 25. Omni offers the steepest drop, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. Farmers's average prices decrease over 70% during that same period.

Which is the Best Company for Retired Drivers?

When it comes to insurance, patience and experience pay off, with drivers around retirement age paying some of the lowest rates you can find.

But who has the best premiums for retired drivers between Farmers and Omni? Omni gets the slight edge here, with average prices coming in at around $132 monthly compared to Farmers's $143.

Which is the Best Company for Married Drivers?

Married drivers tend to get slightly less expensive car insurance rates than single drivers. This usually boils down to married couples having several cars on their policy -- something many auto insurance companies will reward with discounts.

When it comes to relationship status, the two carriers are comparable for single policyholders, with premiums only differing about $22 per month, on average. The advantage for married policyholders is more obvious, where drivers who use Omni save nearly 15% a month.

Farmers vs. Omni: Average Rates by Gender

Because men are more likely to get into accidents and get tickets, they raise the chances of filing a claim with insurance. Therefore, insurance companies will often charge men more than women.

With Farmers, women generally pay around $7 per month less than men, and about $15 less with Omni.

When it comes to the most affordable rates for each gender, Omni comes out on top for both men and women, with average premiums 9% less for men and 13% cheaper for women.

Farmers 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.

It's no secret that insurance can be a complicated subject for most people. Everyone needs car insurance, but there are so many different terms and coverages that it can be hard to find the right policy.

Even so, most policies that many drivers look at fall into two categories -- liability only (which provides property damage and bodily injury coverage for other drivers if you cause an accident) and full coverage (which includes comprehensive and collision coverages that protect your own vehicle, in addition to what you get with liability coverage).

If you're looking for state minimum liability insurance, Omni usually offers more affordable prices of $104 compared to Farmers's $126. When it comes to full coverage policies with similar limits, Omni again has the edge, with policies around $25 a month less expensive than Farmers, on average.

Is Farmers or Omni Better for Drivers with Spotty Records?

It's no big secret that drivers who are accident-free get better deals on their auto 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 at-fault accidents and tickets lead to higher premiums, but which company -- Farmers or Omni -- has the cheapest prices for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Farmers policyholders can expect their rates to go up an average of $44 per month if they get a ticket, while Omni typically raises prices about $7 a month, on average.

If you have a clean record, Farmers tends to offer the best rates at around 4% cheaper, while Omni has the edge for drivers with a speeding ticket.

Which Company is Best for Drivers After an Accident?

Farmers drivers who get in a collision can expect to see their premiums rise by just under 30%, while those who have insurance through Omni will see about a 15% increase.

Overall, Omni offers the most affordable rates for drivers with an at-fault accident on their records, with monthly premiums averaging $203 compared to Farmers Insurance's $224.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge, you can expect some pretty significant increases in your monthly car insurance bill -- normally a lot more than an accident or ticket. Farmers drivers usually see a 27% climb in their auto insurance prices after a DUI charge, while Omni will generally raise rates by around 6%.

Omni has the overall lowest prices for drivers with a DUI on their records at $178 per month, but it's worth noting that Farmers's average rates come from 25 states compared to just two for Omni, so the data may be skewed slightly.

How does Credit Score Impact Farmers and Omni Rates?

Did you know that many insurance carriers take into account your credit score when calculating premiums? This isn't always the case (for example, are two states that ban the practice entirely), but it might come into play for a lot of policyholders.

Auto insurance companies argue that those with good credit scores are more likely to pay their bills on time every month, which decreases the risk involved on their end, while the opposite is true for those with bad credit.

Looking at Farmers and Omni specifically, which one has the most affordable prices for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

If you have great credit, you'll usually find a better deal with Omni. Policyholders with "excellent" credit can save 1% compared to Farmers, and those with "good" scores can also expect to see savings -- about $10 or 5% more affordable each month.

Which Company is Best for Drivers with Bad Credit?

Omni typically offers lower premiums than Farmers when it comes to drivers with less-than-perfect credit. Drivers with "fair" credit pay around $24 per month less with Omni compared to Farmers, and those with "poor" scores usually save an average of about $53 a month.

Is Farmers 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 large impact on your monthly rates? Typically, those who drive fewer miles will end up with less expensive premiums since there's less of a chance of getting into a collision and causing an insurance claim.

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

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

Where you live can have a considerable impact on your monthly insurance bill. Normally, drivers who live in heavily-populated urban areas will pay quite a bit more than rural policyholders due to the number of vehicles that are on the roads in those areas.

When comparing these two carriers side-by-side, Omni tends to offer the cheapest option for drivers in rural and suburban areas, while Farmers wins in urban areas.

If you live in a rural area, you can expect to save around 21% with Omni compared to Farmers. Drivers in suburban ZIP codes pay about 24% less with Omni compared to Farmers. In urban areas, Farmers Insurance's average premiums are around 6% less than Omni Insurance.

Farmers vs. Omni Discounts

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

But where do you even start? With what seems like a million different discounts out there, it may be challenging to find all the ones you qualify for.

In the table below, we've compared all of the different discounts offered by Farmers and Omni so that you can easily see which company offers the most discounts and see which ones you might be able to take advantage of.

Farmers blows Omni away when it comes to the sheer amount of discounts available, offering 28 different discounts to Omni's 13.

A couple of those are overlapping for things like advance quote discounts, discounts for being a defensive driver, discounts for being a homeowner, and paperless discounts. Farmers also offers ABS discounts, alternative fuel discounts, distant student discounts, and more that Omni does not.

On the flip side, Omni has a couple unique discounts of its own -- agency transfer discounts, cellphone safety discounts, non-owner discounts, and more.

Final Thoughts: Is Farmers or Omni Best for You?

So, you've seen how different variables can affect your insurance prices. We've shown you all the discounts each carrier offers, too. That's all well and good, but at the end of the day, which insurance company is the right carrier for you and your specific driver profile?

Omni might be best for you if....

• You want to save money on your car insurance after an accident.
• Your home is located in the suburbs.
• You are over 65 years old and want to save some money on your auto insurance.

Farmers might be best for you if...

• You value the experience that comes with a large national car insurance carrier.
• You're looking for the company with the most discounts.
• Your neighborhood is in a city.

We hope this guide helps you get a better idea of the difference between Farmers and Omni. We also hope we've given you the information you need to make the best decision when it comes to your auto 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 Farmers and Omni. Luckily, sites like Compare.com do all the hard work for you. Simply enter your ZIP codes below and get multiple quotes from some of the best car insurance carriers in your area, all for free.

Farmers vs. Omni FAQs

Is Farmers or Omni cheaper?

Looking just at the national average rates, Omni is the cheaper of the two companies, offering average rates of $181 per month compared to $203 for Farmers. That being said, Omni won't necessarily be the lowest carrier for each policyholder, since there are several different factors (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, Farmers or Omni?

Sadly, the real answer is "it depends.". One company is not necessarily "better" for every driver -- it all depends on what your unique insurance profile looks like.

Why do Farmers and Omni offer me different rates?

Auto insurance carriers take a look at several different variables when determining the prices they charge drivers. Factors such as your driving record, age, where you park your car, gender, and sometimes even things like your credit score can all be used. Both Farmers and Omni calculate rates using different formulas, so each one will most likely offer different premiums. The only real way to see which carrier is the cheapest for you is by comparing personalized quotes from a variety of different companies.

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

The only way to find the insurance company that's right for you is by getting quotes from several carriers 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 free quotes from dozens of the best auto insurance companies in your area. With those, you can guarantee you're getting the best rate. And who knows, the best carrier for you might not be Farmers 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.