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

Quick Facts

• Based on national averages for insurance, Omni offers slightly less expensive prices than GEICO
• GEICO offers more discounts than Omni Insurance
• Omni offers more affordable premiums for couples purchasing auto insurance together

GEICO vs. 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 big discounts, you're probably wondering exactly how much you might be able to save.

You might have narrowed it down to GEICO or Omni for your next policy, but which carrier has more affordable prices for insurance?

Looking at the national average rates for both companies, Omni is about $4 per month cheaper than GEICO.

But Omni may not be the most affordable or best option for every single driver out there. After all, car insurance carriers can offer drastically different rates to each driver depending on rating factors like your age, your credit score, your driving record, or even where you call home (among other things). So, at the end of the day, rates from every carrier will differ quite a bit from person to person.

Luckily, we've broken down average prices from both GEICO and Omni by a range of different rate factors, so read on to find out which company is the best for you.

GEICO or Omni: Average Car Insurance Rates by State

GEICO and Omni only compete against each other in two states, with GEICO offering more affordable premiums to the average driver in all of them. If you live in Alabama, GEICO is the cheaper of the two companies when looking at the overall average rates. Omni is the less expensive option in Pennsylvania.

That being said, there are plenty of other factors that go into your insurance bill than just the state you live in. Keep reading to find out more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- typically pay a lot for auto insurance compared to older drivers. The reason is that young, inexperienced drivers are statistically much more likely to get into an accident that results in an insurance claim, making them much riskier to insure.

However, that doesn't mean teen drivers can't still save money on their car insurance. As you can see above, teens who use GEICO save more than $100 a month compared to those who use Omni. It's worth noting that GEICO offers insurance in 50 different states compared to Omni's two, which can skew the average prices a bit, but the difference here is still considerable.

Even so, with both carriers, you'll see your rates drop significantly by the time drivers turn 25. For example, average premiums for GEICO policyholders decrease over $200 and Omni's rates lower nearly $350 over that time.

Which is the Best Company for Retired Drivers?

Drivers around retirement age usually enjoy some of the lowest car insurance premiums out there. After all, they've likely been driving for quite some time, which generally reduces their chances of accidents and other infractions that can increase prices.

But who has the best rates for retired drivers between GEICO and Omni? Omni gets the edge here, with average prices coming in at around $132 a month compared to GEICO's $148.

Which is the Best Company for Married Drivers?

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

When it comes to relationship status, the two carriers are comparable for single drivers, with prices only differing about $15 per month, on average. But for married couples, the advantage is clear - Omni offers the cheapest average rates.

GEICO vs. Omni: Average Rates by Gender

You may not know, but auto insurance is normally more expensive for men than for women. This is because men are more likely to get speeding tickets and get into collisions, which raises the chances of an insurance claim.

Men usually pay around 4% more a month than women with GEICO, while with Omni, the difference is closer to 8% per month.

Looking at overall affordability, GEICO is the most affordable carrier for men. Rates with GEICO are $0 less for men, while women can save about $7 with Omni.

GEICO 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.

That being said, the most common policies that many drivers look at fall into two categories -- liability only (which provides bodily injury and property damage 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, GEICO offers the cheapest average premiums for state minimum liability limits, while Omni has the edge for full coverage policies with similar coverage limits. Drivers looking for basic state minimum coverage can save around $3 with GEICO, while full coverage comes out to be around $10 more affordable with Omni Insurance.

Is GEICO or Omni Better for Drivers with Spotty Records?

You've probably seen plenty of commercials from insurance companies offering great prices 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 at-fault collisions and tickets lead to higher premiums, but which company -- GEICO or Omni -- has the lowest rates for drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

GEICO policyholders can expect their prices to go up an average of $35 a month if they get a ticket, while Omni normally raises premiums about $7 per month, on average.

However, GEICO is generally the less expensive option for drivers both with a speeding ticket and with a clean record -- their rates are around 32% cheaper for drivers with clean records and 14% less expensive for those with a ticket.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their auto insurance through GEICO can expect to see around an $85 -- or about 43% -- increase in their insurance rates. Drivers who use Omni for their car insurance will see a monthly bill around $35 (or 17%) more expensive after reporting a collision to their auto insurance carrier.

Overall, drivers who use GEICO end up with the cheaper prices after an accident, with monthly premiums averaging $200 compared to Omni Insurance's $203.

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 ticket when it comes to your insurance bill. On average, GEICO will raise your prices about 58% after a DUI, while Omni's average rates increase by 6%.

Omni has the overall cheapest prices for drivers with a DUI on their records at $178 per month, but it's worth noting that GEICO's average rates come from 50 states compared to just two for Omni, so the data may be skewed slightly.

How does Credit Score Impact GEICO and Omni Rates?

Often times, your credit score can come into play when carriers calculate your monthly bill. This isn't always the case (for example, Massachusetts and California are two states that ban the practice entirely), but it does affect a lot of policyholders out there.

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

So, which company offers the lowest rates for policyholders 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 GEICO. Drivers with "excellent" credit can save just under 20% compared to Omni, and those with "good" scores can also expect to see savings -- around $11 or 6% more affordable each month.

Which Company is Best for Drivers with Bad Credit?

Omni typically offers lower premiums than GEICO when it comes to drivers with a below average credit score. Drivers with "fair" credit pay about $12 a month less with Omni compared to GEICO, and those with "poor" scores typically save an average of around $50 monthly.

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

How much you drive can have a big impact on your monthly car insurance cost. Usually, the more miles you drive, the more you can expect to pay for coverage.

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 GEICO, with drivers who put 6,000 miles on their car yearly paying about $8 less every month compared to those who drive 12,000 miles each year.

GEICO vs. 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 insurance, but the type of area you live in can have a pretty big impact as well. Typically, policyholders who live in less densely populated rural areas will pay quite a bit less than urban drivers because there are a lot fewer vehicles on the roads in those areas.

Omni tends to offer the cheapest option for drivers in rural and suburban areas, while GEICO wins in urban areas.

For drivers in urban ZIP codes, GEICO's average premiums are around $211 per month compared to Omni's $267. Drivers in suburban ZIP codes pay a monthly price of about $143 with Omni compared to $185 with GEICO. Those in rural areas can expect to pay around $134 a month with Omni and $159 with GEICO.

GEICO vs. Omni Discounts

Regardless of 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 possible, and the best way to do that is by utilizing as many car insurance discounts as you can.

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

In the table below, we've taken a look at all of the different discounts GEICO and Omni offer their customers so that you can see which company offers the most discounts and see which ones you might be able to take advantage of.

GEICO 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 discounts for being a defensive driver, discounts for insuring multiple cars with the same company, and paid in full discounts. GEICO also offers ABS discounts, commercial drivers license discounts, COVID-19 relief discount, and more that Omni does not.

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

Final Thoughts: Is GEICO or Omni Best for You?

You've seen the role certain factors have on your auto insurance and the different discounts carriers offer. But, when it comes down to it, which insurance carrier is the right one for you and your specific driver profile?

GEICO might be best for you if....

• You're planning on moving to another state soon -- Omni Insurance is only available in AL and PA.
• You want to save extra money with discounts.
• You've started working from home and don't have much of a commute.

Omni might be best for you if...

• You have less-than-stellar credit.
• You live in an suburban area.
• 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 GEICO and Omni. We also hope we've given you the information you need to make the best decision when it comes to 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 several companies, not just GEICO and Omni. Luckily, sites like Compare.com make it easy for you to do just that. Simply enter your ZIP code below and get free quotes from dozens of the top car insurance carriers in your area, all in just a few minutes.

GEICO vs. Omni FAQs

Is GEICO or Omni cheaper?

Looking just at the national average rates, Omni is the cheaper of the two companies, offering average rates of $181 a month compared to $185 for GEICO. But Omni won't necessarily be the most affordable company for every policyholder, since there are many different variables (things like age, driving record, gender, etc.) that play a role in how much you pay.

Who is better, GEICO or Omni?

Unfortunately, the only answer we can give you is "it depends.". No single carrier is "better" for each driver -- it all depends on the makeup of your unique auto insurance profile. For example, GEICO offers less expensive prices for single policyholders, while Omni is cheaper for drivers who have already retired.

Why do GEICO and Omni offer me different rates?

Insurance carriers take a look at quite a few different factors when calculating the premiums they charge drivers. Variables such as your driving record, age, where you live, gender, and sometimes even things like your credit score can all be used. Both GEICO and Omni calculate prices using different factors, so each one will most likely offer different rates. The only real way to see which company is the lowest for you is by comparing personalized quotes from multiple different companies.

How do I know if GEICO 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. That way, you can guarantee you're getting the most affordable rate. And who knows, the best company for you might not be GEICO 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.